ThE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FArrH
TRUSTEES. REPORT AND ACCOUNTS
YEAR ENDED 31ST IAARCH 2024
CHARrrY REGISTRATION NO: 1171320
CH￿1[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 sTATEME￿rs
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 Ch￿1 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 pro￿s1On$ of the Statement of ReL￿MMended Practice (SORPI
'AccOun￿ng 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
RM13￿A
Trustees
Oyekunle Onifade
Olufunke Sonibare
Samuel Obareti
STRUCTUR£ GOVERNANCE AND MANAGEMEI
Govemlng document
The charity is (￿ntrcI1ed by tts ￿￿￿￿8￿1VM aThJ arlKles . an tharitable incorporated LY)mpany
The Church was fofmed on the 18th November 2￿7 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.
0￿Ec￿VEs AND Ac￿￿llES
Th8 Charitys objects are:
. The advancement of The Christian faith Thorld￿. wov¥ling re*3￿S kno*ledge 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 dO￿t￿nt 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
Practi￿lty 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.
HOV￿Ver, the Sunday SeNices in this reporting Jear. TABS abte to h(Ad all the Sunday Servi¢es and a few
special events as phY￿e*l gath￿Ilvj 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 ptt￿cal session in additM)n to the daily wrtual sessM)ns.
The church observed a daily fasting and prayer every day for t￿enty￿ne 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. Ma￿lage$, chikjren, our communty, Borough. People in
govemment, Our Nation UK. other natIlN￿ there are (x)nfii(ts. businesses. careers, revival. the sick,
the needy. salvation of sou& etc.
It was a critical period in the lives of evwy member, in the c4)mrwnity. our nation and the bw)rid ￿lch
required intense and continuous prayer for sdutN)n to the national and the eLxJnomic and wlitscal
situations, peace in the vrarFiThJ nalM)ns. C￿rnfort to the bereaved. healirMJs to th8 broken hearted and the ￿ck
both physically and emtionalty, peace in the hcKne etG
There were so many issues to address through prayer. This necessitsted a pr(knged period of fasting and
prayer as the prevK)us ￿r.
We held prayer sess#)ns physic41ty ￿ Surxlass arml virtuaty every evening. early moming and a few night
prdyer vigib.
Mount Cam*1 Retreat is a v￿ekend residential event has been thanging lives ar￿ birthing testimonies.
The 2020 pandemic brought al￿)￿1 a change in physical gatherings and Mount Carmel ￿￿$ 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 pr￿0V#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 transf0m￿n 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￿ V￿re gNen (yjt as donat￿ in pac*s to the
homeless at the centres run by 11f￿d Welcome Centre. Sa￿ation Army, Night Shelter and various other
charity organisations.
To love God and to love wr neujhtours as owselvts. the￿n 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 ￿￿therh￿d 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 ho￿Ver gNes opF￿unity 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 respon￿ble for preparing the ReF￿ of the Trustees and the financial statemènts in
accordance appli￿bla 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:
- s8￿Ct suitable a￿Unting ￿l(￿e8 arml then apply them ￿nsIstenty,
- observe the Meth￿YS 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 Charityv*ill conlirvJe in b￿r￿s.
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 2￿8 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 forthc*Jmir4J
Annual General Meeting.
ON BEHALF O
THE BOARD:
Oyekunle
nlfade. Trustee

6 

## **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
YE*R 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 v*re 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 C￿nIeS Ad 2(￿.
A¢￿￿ntIng conventl<>n
The financial statements have been prepared under the b￿￿01￿{21 LY)St convention. the Charities Act 2011
and the requirements of the Statsrrent of Reconywnded Prathce. Acc￿nting 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 a￿k)Unt can be quantif*d Tmth reaSC￿ab1e accuracy.
rrthes & ¢)fferings
Income from tithes and offerings, is induded in in(LNnirvJ rescNJrces these are receivable
Investment Income
Investment in￿rne congsts of net interest re￿1Ved 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 a￿1Vi￿e$ 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 ob￿*ve5
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¢￿U￿tIng
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 partI￿lar restricted Purposes.
Further explanation of the n￿re and purpose of eath fund is Ind￿￿ed 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 in￿ming 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 t9￿phOr
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 ACCoUP￿s . 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 anal￿ed 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 n￿nISty
Conference expenses
Donations to nigm ￿￿C￿e ￿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 ex￿nd•d
N81 expendlturo