This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

ThE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FArrH TRUSTEES. REPORT AND ACCOUNTS YEAR ENDED 31ST IAARCH 2024 CHARrrY REGISTRATION NO: 1171320 CH1[Ty COMPANY NO: 098n320

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2024 corirEKrs PAGE LEGAL AND ADMINISTrATIVE INFORMATION REPORT OF THE TRUSTEES REPORT OF THE INDEPENDENT EXAMINERS STATEMENTS OF FINMCIAL ACMVITIES BALANCE SHEET NOTES TO THE FINANCIAL sTATEMErs 12 INCOME AND EXPENDITURE 13

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF F LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST IAARCH 2024 CHARITY REGISTRATION NUMBEFi. 1171320 REGISTERED OFFICE: 67 Ch1 Churth Avenue Rainh8m Essex RM13 TRUSTEES: Oyekunle Onrfade (Chair) 0Sufunke Soniba Samuet Obareti ACCOUNTANT Alen Robyn & Asscxi*es Ltd Chartered Certified Aw)untants 367 Caled(mian Road Lon( N7 9DQ

THE REDEEMED CHRISTIAN CHURCH OF GOD EIABASSY OF FAITH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2024 The trustses presenl Iheir reK)rt th the financial statemgnts of the chaiityforlhe year ended 31st March 2024. The trustees have adopted the pros1On$ of the Statement of ReLMMended Practice (SORPI 'AccOunng and Reportiry by Charrties. ISSU n March 2(Kl5. REFERENCE AND ADMINISTrATIVE DEfAILS Registered Charity number.. 1171320 Registsred address 67 Christ Church Avenue Rainham Essex RM13A Trustees Oyekunle Onifade Olufunke Sonibare Samuel Obareti STRUCTUR£ GOVERNANCE AND MANAGEMEI Govemlng document The charity is (ntrcI1ed by tts 81VM aThJ arlKles . an tharitable incorporated LY)mpany The Church was fofmed on the 18th November 27 and registered as a CIO on 13th November 2015. It Mana by a tM)ard oftrustee assisted by a Pastor. is Minister inchapje. Rlsk management The trustees have a duty to identsty and revw the risks to the charity is ex[d and to ensure appropriate contrc4s are in place to provide reasonable assurance against fraud and erfor. 0EcVEs AND AcllES Th8 Charitys objects are: . The advancement of The Christian faith Thorld. wov¥ling re3S knoledge and to promote principles of nTr)rdity, benevolence aThl thanty Tho main activitlos In relatlon to these objects are: - PreachirvJ the fvpel of Jesus ChrisL - To advance edue2tion in accordance ith Chiisban princlpfes. - Povety Alleviation locaNy and over59as The Charity through the trustees seek to ensure that all grants made are In keeptng with the objects as is stipulated in the Goveming dOtnt and those grants are used f such purwses thr(wh monitoring and evaluatton pri)cess.

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FArrH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2024 ACHIEVEMENST AND PERFORMANCE- durlng the 2022r23 flnancial yEar The Gharity engaged in severdl main a(vitss in pursuance of ils charitable aims during Ihe year 2023124. The twstees consKler that these acbvrbes, summarised belrm, provid&J valuable benefits to both those % Y•Iship th the church and the (ommunty at large. The problem of lack of venue for physical gathering and full administrative operations is still lingering. The current high cost of INing [ch ha5 rytivety affecknj the income of the churth and at the sam8 time pushed up the cost of properties I rent increases has not hel[ th8 mve toyrdrds acquiring a premises as envisaged. This in effert has slo¥d the gro of the thurch and hiThlered rnany people from b&ing Practilty involved in the running of the organisation. The thurth is stim Th)t able to gather phyEically for all events arKI Programff as muth as desired. HOVVer, the Sunday SeNices in this reporting Jear. TABS abte to h(Ad all the Sunday Servi¢es and a few special events as phYel gathIlvj in a hired hall services and prcgrammes were run virtually through zoom. I. I.UPPER ROOM PRAYER CONFERENCE: 10th .16th Jniy 2023 This nferen vrds held as a ts¥enty-on&day event of fasting and prayer like st year. Ho¥Bver. V•e had a weekly pttcal session in additM)n to the daily wrtual sessM)ns. The church observed a daily fasting and prayer every day for tentyne days. Church seNlce for corporate prayer was held virtually every day and in physical gath@rir evw Sunday during this period. During this peliod intense Fvayer was offered for. Families. Malage$, chikjren, our communty, Borough. People in govemment, Our Nation UK. other natIlN there are (x)nfii(ts. businesses. careers, revival. the sick, the needy. salvation of sou& etc. It was a critical period in the lives of evwy member, in the c4)mrwnity. our nation and the bw)rid lch required intense and continuous prayer for sdutN)n to the national and the eLxJnomic and wlitscal situations, peace in the vrarFiThJ nalM)ns. Crnfort to the bereaved. healirMJs to th8 broken hearted and the ck both physically and emtionalty, peace in the hcKne etG There were so many issues to address through prayer. This necessitsted a pr(knged period of fasting and prayer as the prevK)us r. We held prayer sess#)ns physic41ty Surxlass arml virtuaty every evening. early moming and a few night prdyer vigib. Mount Cam1 Retreat is a vekend residential event has been thanging lives ar birthing testimonies. The 2020 pandemic brought al)1 a change in physical gatherings and Mount Carmel $ Put on hold bets¥een 2020 and 2021. On October 28th- 30th 2022 the event was restored th peoF4e yeaming for deeper spiritual encourrter thryth Christ gathered physically again to join the 34ay residential prayer retreat The evenl is gathenng momentum in 2023 editi. though the numbers is still IcA¥er than pr0V#1 years. but the atmospher& was yet again eup with the wesence of the Hdy Ghost

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FArTri REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2024 3. FEED THE HUNGRY PROJECT".15th December 2023 THE REDEEMED CHRISTIAN CHURCH- EMBASSY OF FArrH as a church. still held on to our commitment to the spiritual and social transf0mn of indmduds and our (n[tIeS in the nation. Hundreds of people over th8 years have beneffted from this scKaal weware in the support of rehabilitation of the howless, drug addicts and ¢)ther gxial mis(¥eants. The winter Christmas Editson of Fe&J the Hungry propd this year stil run under the banner of'LOVE CHRISTMAS. Taking into consideratKJn the high cost of living, Ihe fc(Jd Ite Vre gNen (yjt as donat in pacs to the homeless at the centres run by 11fd Welcome Centre. Saation Army, Night Shelter and various other charity organisations. To love God and to love wr neujhtours as owselvts. then lies the 1)ole duty of Christianty. 'Blessed is he who wnsiders the poor. the Lord will deliver him in time of Irouble,... Psalm 41.'1-3. 'He has pity on the poor ler¥ts lo the Lord and He wll pay ba('... Proverbs 19.17. We have and continue to dischar9e accJ)rdingty a corrq)ellirMJ sense of responsibilty to our community Which 1$ rooted in the love of ChrisL 4.4.IIOTHER•S DAY & FATHER'S DAY EVE The events this year again hekl as irwtant platf0m for famli y events in the nThnrty. Seminars and lectures on parenting foDJsing on therhd on Motherfs Day and fatherhood on Fatherfs Day were the focajs. Each of the events was conduded with ConThunty lunch in take 8vray packs. The annual seminats and teathwy ere h)rid done in physical gathering and virtually for the sak8 of those who could not attend the physical gatheiing. This hoVer gNes opFunity to somg P80ple outside our geographically location to take part FINANCIAL REVIEW The Charitys financtal statement for the ar ended 31st Marth 2024 Sho Income of £76.970 (2023.. £88,067). Expenditure vrds £60.906 (2023: £70,957) and the Churth made a nel surplus in funds of £16,064 12023.. £17,111) . Unrestricled reserves at 31st 2024 is £208,162 (2023.. £195.849). lIst Restricted fvnds are £104.364 (2023.. £1CM).614

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH REpoFrf OF THE TRUSTEES YEAR ENDED 31ST MARCH 2024 STATEMEKf OF TRUSTEES RESPONSIBILMES The trustees are responble for preparing the ReF of the Trustees and the financial statemènts in accordance applibla law al Untted lfjnylom AcrA)unbng Stsndanls (United Kiwlom Generalty The law aptdicatde to thaiities in ErE4and and Wales, the Charities AL# 2011. Charity (Accounts and Reports) Regulations 2008 arKI the promwns of the trust deed requires the trustees to prepare finanaal statements for eath financial yearlthich grve a true and fair view of the state of affairs of the tharity and of the incoming rosources and applicati of resources. induding the inLyJme and expendrture, of tha charity for that period. In pr9paring those finanryal slatoments. the trus are rw4uired to: - s8Ct suitable aUnting l(e8 arml then apply them nsIstenty, - observe the MethYS and prinafles in the Charity SORP,. - make judgements and estimates that are reasonable and prudent - prepare the finanaal ststements on the going concem basis it is in8pKKopriate to presume that the Charityvill conlirvJe in brs. The trustees are reskYJnsible for keepir¥J proper accountirwJ reo)rds disdose wlth reasonable accuracy at any time the financial posltion of the charity and to enatAe them to ensure that the financial slatemenls comply vAth the Charibes Act 2011. the Charity {Accounts and Rewrts) Regulations 28 and the provis)nS of the trust deed. They are also responsible for safeguanling the assets of the charity and hence for taking reasonable steps for the prevention aThJ dete(Im of frdud olher iryularilie& ON BEHALF OF THE BOARD." Accountsnts The accountants, Allen Rctyi & Assocaates Itd. ill be woposod for rwwintsnent at the forthcJmir4J Annual General Meeting. ON BEHALF O THE BOARD: Oyekunle nlfade. Trustee

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH REPORT OF THE INDEPENDENT EXAMINERS YEAR ENDED 31ST MARCH 2024

I report on the accounts for the year ended 31st March 2024 set out on pages seven to twelve.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts 'to be reached.

………………………………………..

Rolston Allen (FCCA)

Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ Date: 10/10/2024

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH STATEMENT OF RNANCIAL ACTIVMES YEAR ENOED 31ST MARCH 2024 UnrestTiCt8d 2024 Unrestricted 2023 INCOMING RESOURCES Incoming rnsources from generated funds Voluntary incom8 ResouRCES EXPENDED 50.613 2.622 7,556 58,603 2,327 9,777 Govemance Cost Support Cost Finance Charges TOTAL RESOURCES EXPENDED NET INCOMEIEXPENDfruRE FOR THE YEAR £16.064 £17.111 RECONCIUATION OF FUNDS Total funds brought forward 279 352 TOTAL FUND CARRIED FORWARD None of the chariws activths there acquired or discx)ntinued during the year and there were no rec(wJnised gans and k)sses for 2024 or 2023 other than those induded in the statement of financial ac*vIt. The notes on paggs 7 to 10 fomi part of these accounts.

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAMI BALANCE SHEET YER ENDED 31ST MARCH 2024 Unrestricted 2023 FIXED ASSETS Tangible assets CURREKf ASSETS Cash at bank and in hand CREDrroRS: du• within one ygar £840 TOTAL ASSETS LESS CURRENT LIA8ILmES FUNDS: Restricted Funds Unrestricted Funds 2024 104.364 2023 100,614 10 10 Ji The flnanoal statements re approved by the Tntstees on..... cl{ and vre signed on its behalf by.

REFI

The notes on pages 9 to 12 fonn part of these accounts.

THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2024 1. ACCOUNnNG POUCIES Bosis of preparing th8 financsal statemenls The finanryal statements have been prepared in actJ)rdaTh ilh AccwnlirvJ and ReportiThJ by Charities.. Statement of Recommended Practice app1[ble to charthes preparing th8ir accounts in act4xdan( with the Financid Reporting Stsndard appticable in the UK and Republic of Ireland (FRS 102} {effective 1 January 2015)- (charit SORP {FRS 1021 .The Financial ReFQrtiNJ Standard applicable in the UK and Republic of Iroland (FRS 102) and the CnIeS Ad 2(. A¢ntIng conventl<>n The financial statements have been prepared under the b01{21 LY)St convention. the Charities Act 2011 and the requirements of the Statsrrent of Reconywnded Prathce. Accnting and Reporting by Charities. Incoming resources All incoming resources are induded on the Statement of Financia Activth 7Athen th8 charity is legally entilled to the income and the ak)Unt can be quantifd Tmth reaSCab1e accuracy. rrthes & ¢)fferings Income from tithes and offerings, is induded in in(LNnirvJ rescNJrces these are receivable Investment Income Investment inrne congsts of net interest re1Ved durfng the ypar and arxounted for as unrestricted fund Rgsource$ expgndgd Expenditure is accounted for on an amals basis and has been dassified under headings that aggregate all cost rdated to the catw)ry. Where Djsts cannot be directy attributed to particular headin95 they have been alkxated to a1Vie$ on a basis 7Aith the use of resources. Charitable athil Costs of tharrtable adivitres are those ¢J)sts relating to the activilies carried txrt to meel Ihe obve5 Church. These indude both direcuy aitritxrfable costs and appo1W supkx#t o)sts. Governance costs Govemance costs a the ct)sts assooated ith Ihe stratsgic direckn of the organisathjn and vlith meeting regulatory r8swnsibilities indLKling appJrtK)ned support cosL Tangible fixad assets Depreciation is provKled at the folkThiThJ annual rntss bn ordgr to iite off each asset over tts estimated useful Irf Tangibl8 Assets 20% cost Taxatton The charity is exempt from (Xffporatlc tsx on its charilabte athl1. Fund A¢UtIng Unrestrided fund¥ ran be used in ac(xKdance ith the L*arFlable obpctsves at the discTrtion of the trustee Restricted funds can only be us&J for partM)Jl8r reStrIrt purposes wthin the obpGts of the chaiity. Restrictions arise when specified by the donor or when furKts are raised for partIlar restricted Purposes. Further explanation of the nre and purpose of eath fund is Inded in the notes to the finanL?al statements

10 THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FArrH NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2024 I VOLULTARY INCOklE rthes and offerings other Inco Building fund Gtft aid Interest 2024 49,495 1.165 3.750 18.976 2023 64.036 179 4.790 17,752 Total inming resources 3. CHARITABLE ACTivrnES Salaries and wages Rent Manse expenses Wofkl evaThJelic81 ministy Conference expenses Donations to night and centres Honorarium Centr81 office Subscriptions and c¥)ntributic Musicians Expenses Venue Hire 2023 20,546 9.640 15,000 1.650 1,698 1.640 725 650 304 6,000 750 20,759 6,124 15,0(Xl 2,1 1,991 1.522 4CKI 550 187 1.8 4. GOVERNANCE COST 2024 Acx)untancy and Examine fee & SUPPORT COSTS: MANAGEIAENT Office expenses and t9phOr Repairs and deaning Insurance General expenses Storage fees 2024 362 108 2023 460 1.814 364 401 6. SUPPORT COSTS: FINANCE CHARGES 2024 2023 Bank Charges £115

11 THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAfTH NOTES TO THE ACCoUPs . CONTINUED YEAR ENDED 31ST MARCH 2024 7. STAFF COSTS No employee received remuneraticm of rrN)re than £60.IKM). TNstees' expenses Ther8 were no trustees. expenses paKI for the >Ear ended 31st March 2024. 2024 2023 Salarfes and Wdg8s £20.759 2024 2023 The averdge number of analed by fijndton . 8. FIXED ASSErs Flxlures and Fittl tureS and Fittin Total COST At 1st AFNiI 2023 As at 31st Marth 2024 DEPRECIATION Opening Batance NEf BOOK VALUE As at 31st March 2024 As at 31st March 2023 9. CREDftORS . Amounts faulng due after ¢)ne year 2023 Other Credtto

12 THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FArrH NOTES TO THE AccouKrs YEAR ENDED 31ST PAARCH 2024 10. MOVEMEpifs IN FUNDS In¢omln Resour Movement in Fund5 Restrlcted Funds Building Fund Unrestricted Funds Generdl Fund £3.750 £3,7SO £12 314 01 1103r2024 £104.364 Restricted Fund 100.614 £3.750 Unrestricted FurKIs 195 £12 314 Total fvnds

13 THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FArrH INCOME AND EXPENDrruRE YEAR ENDED 31ST PAARCH 2024 2024 2023 Incoming Resources: Voluntsry inGome: Trtheg and offerings Other Income Building fund Gtft Sid Interest 49.495 1,165 3.750 18.976 64.036 179 4,790 17.752 Total incoming resourc8s RESOURCES EXPENDED: Cosl of generatlng voluntary Inc¢x Charltable actfvltles: Salaries and wa9es Rent Manse expenses Worfd evangelical nnISty Conference expenses Donations to nigm Ce ntre$ Honorarium Central office Subscriptions and contributior Musicians Expenses Venue Hire 20,759 6,124 15,0(Kl 2.190 1.991 1.522 9.640 15.000 1,650 1,698 1.640 725 650 304 6.000 750 187 1.890 GOVERNANCE COST Acountancy and EN2miner5 fee SUPPORT COSTS: MANAGEMEP offi expenses and telephone Repairs and deaning Insuran General expenses Storage fees 362 460 1.814 364 401 356 SUPPORT COSTS: FINANCE CHARGES Bank Charges £115 £250 Total resourcas exnd•d N81 expendlturo

OpenCharities