# **Charity Registration No. 1169652 Company Incorporation No. 09794113**
**THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
**Report & Financial Statement For Year Ended**
**30 April 2024**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **YEAR ENDED 30 APRIL 2024**
## **REPORT AND FINANCIAL STATEMENTS**
|**CONTENTS**
**REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES**
**INDEPENDENT EXAMINER'S REPORT**
**STATEMENT OF FINANCIAL ACTIVITIES**
**BALANCE SHEET**
**NOTES TO THE FINANCIAL STATEMENT**|**PAGE**|
|---|---|
||**1-5**
**6**
**7**
**8-9**
**10-14**|
1
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **GENERAL INFORMATION BOARD MEMBERS, OFFICERS, ADVISERS AND BANKERS**
## **General Overseer**
Pastor E A Adeboye
## **Trustees**
The trustees who served during this period are as follow:
Mr Abimbola Adetoye Mr Oluyomi Oyewole Osibanjo
Mr Lawrence Olubunmi Fajembola
## **Chief Operating Officer/Senior Pastor**
Mr Olayemi T. Hassan
## **Registered Address**
Ripple Centre 121-125 Ripple Road Barking Essex IG11 7FN
## **Worship Address**
St John The Divine Church 522 Goresbrook Road Dagenham Essex RM9 4XA
## **Bankers**
Barclays Bank Plc Epsom Surrey KT19
## **Accountants**
Da-Silva and Associates Ltd 14 Farm Close Dagenham Essex RM10 9TX
## **Statutory Registration**
Company Registration Number: 09794113
## **Statutory Registration**
Charity Commission Registration Charity Number: 1169652
2
**THE REDEEMED CHRISTIAN CHURCH OF GOD (“RCCG”) RIVERS OF JOY, DAGENHAM**
## **YEAR ENDED 30 APRIL 2024 REPORT OF THE TRUSTEES – (CONTINUED)**
The Trustees who are also Directors for the purposes of Company law present their report along with the financial statement of the charity for the year ended 30[th ] April 2024. The financial statements have been prepared based on the accounting policies set out in the notes. The financial statements comply with the Charity Act 2011, charity’s governing document, applicable law, and requirements of the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102 and Company Act (2006).
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
The Redeemed Christian Church of God (RCCG) Rivers of Joy Dagenham registered charity (number 1169652) and Company Limited by guarantee (09794113) and it is governed by its Article of Association.
## **Organization and Structure**
The management of this Charity is the responsibility of the Board of Trustees. Who have been co-opted for their skills and experience in church leadership. Trustees are required to attend induction and annual training in order to keep up to date.
The day to day running of the Charity is the responsibility of the Senior Pastor, who is also the Charity’s Chief Operating Officer. He is assisted by a Council of ministers, whom he delegates responsibilities too regularly. They meet occasionally in the year to review the activities of the church and to make decisions on all crucial matters.
## **Grant Making Policy**
The Church in accordance with the agreement of common purposes signed with RCCG UK is expected to make a monthly contribution the Festival of life events and other worldwide, continental and national activities organised by the Redeemed Christian Church of God. In the year under review no RCCG WEM was recorded.
3
**THE REDEEMED CHRISTIAN CHURCH OF GOD (“RCCG”) RIVERS OF JOY, DAGENHAM**
## **YEAR ENDED 30 APRIL 2024 REPORT OF THE TRUSTEES – (CONTINUED)**
## **Reserve Policy**
It is the policy of the Charity to retain reserves at a level enough to cover regular operational costs and the remainder of the reserve is expended on the objectives of the charity or retained for future plans.
## **Risk Management**
The trustees have a risk management strategy which comprises:
- An annual review of the principal risks and uncertainties that the charity face
- The establishment of policies, systems, and procedures to mitigate those risks identified in the annual review.
- Strategic and operational plans and an annual budget, and progress reporting against plans and budget
- The implementation of procedures designed to minimize or manage any potential impact on the charity should those risks materialize.
## **Financial Review**
The Charity’s financial statement for the year ended 30 April 2024 shows a surplus of £18,951 (2023: £6,286). All funds are unrestricted funds with a balance on 30th April 2024 of £40,185 (2023: £21,234).
## **Volunteers**
The Charity is very grateful for the immeasurable contribution of the time and effort from all our volunteers the year being reviewed.
## **Public Benefit**
RCCG Rivers of Joy Dagenham ensure that all its activities are planned and designed for the benefit of the public and in line with Charity’s objects of advancement of Christian faith and the relief of poverty.
The board of trustees ensures church take account of the Charity commission’s guideline on public benefits in their planning and decision making.
4
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") RIVERS OF JOY,
DAGENHAM
YEAR ENDED 30 APRIL 2024
REPORT OF THE TRUSTEES- (CONTINUED)
statement of Trustees Responsibilities
Charity law requires the Trustees to prepare the Financial Statements for each
financial year which gives a true and fair view of the state of financial affairs
of the Charity during Ihe year and of its financial position at the end of the
year. In preparing those Financial Statements, the Trustees are required to:
Select suitable accounting policies and apply them consistently
through the year.
Make judgments and estimates that are reasonable and prudent.
state whether applicable Accounting Standards have been
followed, subject to any material departures that should be disclosed
and explained in the Financial Statements.
Prepare the Financial Stotements on the going concern basis unless
il is inappropriate to presume that the trust will continue in operation.
The Trustees have overall responsibility for ensuring that the charity
has an appropriate system control. financial and otherwise.
We are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the Charity ond
enables them to ensure that the Financial Statements comply with the
Charities Act 2011 . We are also responsible for safeguarding the Assets of the
Charity and for taking reasonable step5 for the prevention and detection of
fraud and other irregularities.
This report was approved by the board of Trustees on
..y6.*. F4vw40). 2025.
Mr Lawrence O. Fajembola
Trustee
Mr Abimbola Adetoye
Trustee
Independent Examiner's Report to the Trustees of
THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM
We report on the accounts of the Redeemed Christian Church of God r'RCCG"I -
Rivers ol Joy Dagenhom for the year ended 30th April 2024, which are Set out on pages 7 10 14.
Respectlve responsibililies ol trvstees and examlner
The trustees (who ore olso the directors of the company for the purposes of company lowl are
responsible for the preparation of the accounts. The trusteeb consider that an audit is not required
for thi5 year under section 144121 of the Chorities Act 201 I Ithe 2011 Act) and that an independent
examination is needed.
Hoving satisfied myself that the charity is not subject to audil under company law ond is eligilbe for
independent examination, It is rny responsibility to..
examine the occount under (section 145 01 the 2011 Act,.
to following the procedures loid down in the generol Direction5 given by the Charity
Commission under section 14515llbl of the 2011 Act: and
to stale whether porticular motters have come to my attention
Basls ot Independent examinw's report
My eKominalion was carried out in accordance wilh the General Directions given by the Charity
Commission. An exominotion includes a review of the accounting records kept by the Charity
and o comparison of the occount5 presented wilh those records. It olso includes consiceration of
any unusual items or disclosures in the accounts. and seeking explanalions from the trustees
concerning ony such matters. The procedure5 undertaken do nol provide all the evidence Ihot
would be required in an audit ond consequently no opinion is given a5 to whether the occounts
present a trve ond fair view ond thereport is limited to those matters set out in the stolement below.
Independent examlner's statement
In connection with my exomination. no matter has come lo my ottention..
11 I which gives me reasonable couse to believe that. in any material respect the requirements=
to keep accounting records in accordance with seclion 386 of the Companies Acl 2006:
ond to prepare accounts which accord with the accounting records, comply with the
occounting requirement5 of the section 386 of the Componies Act 2006 and wilh the
methods ond principles of the Stotement of Recommemded Proctice: Accounting and
Repoting by Charities
121 to which. in my opinion. otlention shovld be drawn in order to enoble a proper understanding
of the accounts to be reached.
rs Elleen Da-sllva FCCA
Do-silvo ond Associoles Ltd
14 FCTM Close
Dogenham
Essex RM 10 9TX
. 2025
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 30 APRIL 2024**
|**Notes**
**Income and endowment from:**
Donations and legacies
2
**EXPENDITURE**
**Charitable expenditure:**
Grants and donation
3
Charitable services
4
Support costs
5
Management and administration
6
**Total Expenditure**
Net Income/(Expenses)
Reconciliation of funds:
Total Funds brought forward|**2024**
**£**
**Unrestricted**
**Fund**
**£**
110,429
**110,429**
1,391
37,882
9,970
42,235
**91,478**
18,951
21,234
**40,185**|2023
£
Unrestricted
Fund
£
117,796
117,796
720
47,537
14,584
48,669
111,510
6,286
14,948
21,234|
|---|---|---|
7
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **BALANCE SHEET AS AT 30 APRIL 2024**
|**Notes**
**Fixed assets**
Tangible fixed assets
7
**Current assets**
Debtors
8
Cash at bank
**Creditors: amount falling due within one year**
9
Net current assets
**Total assets less current liabilities**
**Income Funds**
Unrestricted Funds- General Funds
10|**2024**
**£**
**0**
32,270
8,865
**41,135**
(950)
40,185
**40,185**
**40,185**|2023
£
983
21,776
215
21,991
(1,741)
20,250
21,234
21,234|
|---|---|---|
8
THE REDEEMED CHRISTIAN CHURCH OF GOD
RIVERS OF JOY DAGENHAM
BALANCE SHEET {CONTINUED)
AS AT 30 APRIL 2024
In preparing this financiol statement..
l. The directors are of the opinion thal the company is entitled to exemption
from audil under section 477121 of the Companies Act 2006 reloling to small companies.
2. No notice hos been deposited under section 476 of Ihe Companies Act 2006 and
3. The directors acknowledge their responsibilities for
. En5vring that the company keep accounting records which comply with
section 386 of the Companies Act 2006 and
. Preparing accounls which give true and fair view of the state of offairs of the
compony as at the end of the financial year and OT it's surplu5 and deficit in
accordance with Ihe requirements of section 396. and which otherwise comply
with the requirements of this Act relating to occounts. so far as applicable to the company.
This financial statement heve been prepored in occordance with the provisions applicable
to companies subject to the smoll componies regime.
Approved on behalf of the board of truslees on the
2&-PA
2025.
MT Lawrence Olubunml FaJembolo
Trustee
Mr Ablmbola Adetoye
Trustee
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2024**
## **1. Accounting policy**
The principal accounting policies, all of which have been applied consistently throughout the year, are set out below:
## **Scope and basis of the financial statements**
## **a) Convention**
These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). The Charity is a public benefit entity for the purposes of FRS 102 and therefore has also prepared the financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with theFinancial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and theCompany Act 2006 and Charities Act 2011.
## **b) Donations & Legacies**
Voluntary income is received by way of donations, legacies and gifts and is included in full in the statement of financial activities when receivable. Volunteer time is not included in the financial statements.
## **c) Grants and Commissioned Services income recognition**
Income from grants and commissioned services is recognised in full in the statement of financial activities in the year in which the income is receivable
## **d) Rental income recognition**
Rental income is included in full in the statement of financial activities when receivable. Contractual and fee income is recognised in the financial statements to the extent that entitlement had been earned at the year end through performance of the contract.
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## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2024**
## **e) Deferred income**
Where unconditional entitlement to income receivable is dependent upon fulfilment of conditions within the charity's control, the income is recognised when there is sufficient evidence that conditions will be met.Where there is uncertainty as to whether the charity can meet such conditions the income is deferred.
## **f) Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the parish and which have not been designated for other purposes.
## **g ) Incoming resources**
All income is accounted for when the Charity has entitlement to the funds, the amount can be quantified and there is certainty of receipt.
## **h) Resources expended**
All expenditure is accounted for on accrual basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have beenallocated on a basis consistent with the use of the resources. Grant payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
## **i) Cash flow**
The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the financial Reporting Standard for Smaller Entities (effective June 2002).
## **j) Tangible fixed assets and depreciation**
All assets costing more than £500 are capitalised.
Tangible fixed assets are stated at cost and depreciated on a straight line basis over their useful economic lives as follows:
|Furniture & Fittings|25%|
|---|---|
|Office/Church Equipment|25%|
11
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 30 APRIL 2024**
|**2. Income from Activities in furtherance of**
**Charitable Objects**
Tithes and offering
Gift Aid
Grants received
**3**
**Grants and Donations**
Other Grants & Donations
**4.**
**Cost of Activities for Charitable Objective**
Rent
Welfare/Hardship Grant
Music instrumentlists/Training
Honorarium/Ministerial Expenses
Seminars, Conferences & Events Costs
**5.**
**Support Cost**
Insurance
Depreciation
Telephone Expenses
Printing, Stationery & Postage
Equipment Repairs & Renewals
Bank Charges
Transportation Costs
Sundry expenses|**2024**
**Unrestricted**
**Fund**
**£**
96,169
14,173
87
**110,429**
1,391
**1,391**
16,800
253
12,460
521
7,848
**37,882**
1,225
983
2,353
1,382
235
540
2,496
756
**9,970**|2023
Unrestricted
Fund
£
98,162
19,528
106
117,796
720
720
15,189
1,448
11,750
650
18,501
47,537
1,547
984
1,372
645
151
1,077
3,860
4,949
14,584|
|---|---|---|
12
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 30 APRIL 2024**
|**6.**
**Management and Administration**
Legal, Professional and Consultancy
Staff Remuneration
Social Security Costs
Staff Pension Costs
Housing/Accommodation
Thanksgiving Services
**7.**
**Cost**
At 01/05/23
Additions
Disposal
**At 30/04/24**
**Accumulated Depreciation**
At 01/05/23
Depreciation for the year
**At 30/04/24**
**At 30/04/24**
**At 30/04/23**
**8.**
**Debtors**
Staff advance|**2024**
**£**
950
14,400
1,400
720
15,595
9,170
**42,235**
**Church**
**Equipments**
**£**
19,086
-
-
**19,086**
18,103
983
**19,086**
**0**
**984**
**2024**
**£**
32,270
**32,270**|2023
£
1,204
14,400
731
331
15,397
16,606
48,669
**Total**
**£**
19,086
-
-
**19,086**
18,103
983
**19,086**
**0**
**984**
2023
£
21,776
21,776|
|---|---|---|
13
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 30 APRIL 2024**
|**9.**
**Creditors**
Accountants Fees
Tax, Social Security & Pension
**10. Movement in funds**
**Unrestricted Funds**
Opening balance
Total Income
Total Expenses
**Closing balance**|**2024**
**£**
950
-
**950**
**Unrestricted**
**Funds**
**£**
21,234
110,429
(91,478)
**40,185**|2023
**£**
880
861
1,741
Unrestricted
Funds
**£**
14,948
117,796
(111,510)
21,234|
|---|---|---|
## **11. Trustee Emoluments**
No remuneration or expenses were paid to the trustee during the year.
## **12. Taxation**
RCCG Rivers of Joy Dagenham is a registered charity and is eligible for the exemptions from taxation available to charities on their charitable activities No charge to taxation therefore arises.
14