THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST MARCH 2025
CHARITY REGISTRATION NO: 1171320 CHARITY COMPANY NO: 09872320
THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2025
| CONTENTS | PAGE |
|---|---|
| LEGAL AND ADMINISTRATIVE INFORMATION | 1 |
| REPORT OF THE TRUSTEES | 2 - 5 |
| REPORT OF THE INDEPENDENT EXAMINERS | 6 |
| STATEMENTS OF FINANCIAL ACTIVITIES | 7 |
| BALANCE SHEET | 8 |
| NOTES TO THE FINANCIAL STATEMENTS | 9- 12 |
| INCOME AND EXPENDITURE | 13 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST MARCH 2025
CHARITY REGISTRATION NUMBER: 1171320 REGISTERED OFFICE: 67 Christ Church Avenue Rainham Essex RM13 8JA TRUSTEES: Oyekunle Onifade (Chair) Olufunke Sonibare Samuel Obareti ACCOUNTANT Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number : 1171320
Registered address
67 Christ Church Avenue Rainham Essex RM13 8JA
Trustees
Oyekunle Onifade Olufunke Sonibare Samuel Obareti
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its memorandum and articles , and constitutes an charitable incorporated company. The Church was formed on the 18th November 2007 and registered as a CIO on 13th November 2015. It is managed by a board of trustee and assisted by a Pastor, who is the Minister incharge.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
The Charity's objects are:
- The advancement of The Christian faith worldwide, providing religious knowledge and to promote principles of morality, benevolence and charity
The main activities in relation to these objects are:
- ~ Preaching the Gospel of Jesus Christ.
~ To advance education in accordance with Christian principles.
- ~ Poverty Alleviation locally and overseas
The Charity through the trustees seek to ensure that all grants made are in keeping with the objects as is stipulated in the Governing document and those grants are used for such purposes through monitoring and evaluation process.
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025
ACHIEVEMENST AND PERFORMANCE - during the 2022/23 financial year
The charity engaged in several main activities in pursuance of its charitable aims during the year 2023/24. The trustees consider that these activities, summarised below, provided valuable benefits to both those who worship with the church and the community at large.
The problem of lack of venue for physical gathering and full administrative operations is still lingering. The current high cost of living which has negatively affected the income of the church and at the same time pushed up the cost of properties / rent increases has not helped the move towards acquiring a premises as envisaged. This in effect has slowed down the growth of the church and hindered many people from being practically involved in the running of the organisation.
The church is still not able to gather physically for all events and programmes as much as we desired. However, the Sunday Services in this reporting year, was able to hold all the Sunday Services and a few special events as physical gathering in a hired hall while other weekly services and programmes were run virtually through zoom.
1. 1.�UPPER ROOM PRAYER CONFERENCE:19th -24th July 2024
This conference was preceded by a twenty-one-day event of fasting and prayer. The church observed a daily fasting and prayer for twenty-one days. Church service for corporate prayer was held virtually every day and in physical gathering every Sunday during this period. During this period intense prayer was offered for; Families, marriages, children, businesses, careers, revival, the sick, the needy, salvation of souls etc as well as our community, Borough, People in government, Our Nation UK, other nations where there are conflicts. Prayer being one of the major purpose of the organisation, It was a critical period in the lives of every member, in the community, our nation and the world at large that intense and continuous prayer be offered for solution to the national and the world economic and political situations, peace in the warring nations, comfort to the bereaved, healings to the broken hearted and the sick both physically and emotionally, peace in the home etc. There were so many issues to address through prayer. This necessitated a prolonged period of fasting and prayer as the previous year.
We held prayer sessions physically on Sundays and virtually every evening, early morning and a few night prayer vigils.
2. MT. CARMEL RETREAT 18th – 20th October 2024
Mount Carmel Retreat is a weekend residential event which has been changing lives and birthing testimonies. On October 28th - 30th 2022 the event was restored with people yearning for a deeper spiritual encounter with Christ gathered physically again to join the 3-day residential prayer retreat. The event is gathering momentum in 2024 edition, though the attendance is still lower than pre-covid years, but the atmosphere was yet again euphoric with the presence of the Holy Ghost.
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025
3. FEED THE HUNGRY PROJECT:9th December 2024
THE REDEEMED CHRISTIAN CHURCH – EMBASSY OF FAITH as a church, still held on to our commitment to the spiritual and social transformation of individuals and our communities in the nation.
In pursuance of the charitable objectives, hundreds of people over the years have benefited from this social action scheme in the support of rehabilitation of the homeless, drug addicts and other social miscreants.
The winter Christmas Edition of Feed the Hungry project this reporting year was still run under the banner of ‘LOVE CHRISTMAS’
Taking into consideration the high cost of living, the food items were given out as donation in packs to the homeless at the centres run by Ilford Welcome Centre, Salvation Army, Night Shelter and various other charity organisations.
‘To love God and to love our neighbours as ourselves, therein lies the whole duty of Christianity and a full life feels good.
'Blessed is he who considers the poor, the Lord will deliver him in time of trouble'... Psalm 41:1-3.
'He who has pity on the poor lends to the Lord and He will pay back'... Proverbs 19:17.
We have and continue to discharge accordingly a compelling sense of responsibility to our community which is rooted in the love of Christ.
4.4. MOTHER’S DAY & FATHER’S DAY EVENTS
The two events this year again held as important platforms for family events in the community. Seminars and lectures on parenting focusing on motherhood on Mother’s Day and fatherhood on Father’s Day were the focus. Each of the events was concluded with Community lunch in take away packs.
The annual seminars and teachings were hybrid done both in physical gathering and virtually for the sake of those who could not attend the physical gathering. This however gives opportunity to some people outside our geographically location to take part.
FINANCIAL REVIEW
The Charity's financial statement for the year ended 31st March 2025 shows Income of £70,556 (2024: £76,970). Expenditure was £67,181 (2024: £60,906) and the Church made a net surplus in funds of £3,375 ( 2024: £16,064) . Unrestricted reserves at 31st March 2025 is £209,533 (2024: £208,163), whilst Restricted funds are £106,369 (2024: £104,364).
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE BOARD:
Accountants
The accountants, Allen Robyn & Associates ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.
ON BEHALF OF THE BOARD:
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH REPORT OF THE INDEPENDENT EXAMINERS YEAR ENDED 31ST MARCH 2025
I report on the accounts for the year ended 31st March 2025 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:
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examine the accounts under Section 145 of the 2011 Act
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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
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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 out in the statements
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that, in any material respect, the requirements
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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: 14/10/2025
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| INCOMING RESOURCES | Notes | 2025 | 2024 |
| Incoming resources from generated funds | |||
| Voluntary income | 2 | 70,556 | 76,970 |
| 70,556 | 76,970 | ||
| RESOURCES EXPENDED | |||
| Charitable Activities | 3 | 60,299 | 50,613 |
| Governance Cost | 4 | 2,123 | 2,622 |
| Support Cost | 5 | 4,661 | 7,556 |
| Finance Charges | 6 | 98 | 115 |
| TOTAL RESOURCES EXPENDED | 67,181 | 60,906 | |
| NET INCOME/EXPENDITURE FOR THE YEAR | £3,375 | £16,064 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 312,527 | 296,463 | |
| TOTAL FUND CARRIED FORWARD | £315,902 | £312,527 |
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2025 or 2024 other than those included in the statement of financial activities.
The notes on pages 7 to 10 form part of these accounts.
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH BALANCE SHEET YEAR ENDED 31ST MARCH 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Notes | 2025 | 2024 | |
| FIXED ASSETS | |||
| Tangible assets | 8 | - | - |
| CURRENT ASSETS | |||
| Cash at bank and in hand | 317,492 | 313,367 | |
| 317,492 | 313,367 | ||
| CREDITORS: due within one year | 9 | (£1,590) | (£840) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | £315,902 | £312,527 | |
| FUNDS: | 2025 | 2024 | |
| Restricted Funds | 10 | 106,369 | 104,364 |
| Unrestricted Funds | 10 | 209,533 | 208,163 |
| £315,902 | £312,527 |
The financial statements were approved by the Trustees on 01/10/2025 and were signed on its behalf by:
The notes on pages 9 to 12 form part of these accounts.
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102) .The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Accounting convention
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Tithes & Offerings
Income from tithes and offerings, is included in incoming resources when these are receivable Investment Income
Investment income consists of net interest received during the year and accounted for as unrestricted fund
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities
Costs of charitable activities are those costs relating to the activities carried out to meet the objectives Church. These include both directly attributable costs and apportioned support costs.
Governance costs
Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Tangible Assets 20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2025
| 2. VOLULTARY INCOME Tithes and offerings Other Income Building fund Gift aid Interest Total incoming resources 3. CHARITABLE ACTIVITIES Salaries and wages Venue hire Manse expenses World evangelical ministry Conference expenses Donations to night and welcome centres Honorarium Central office Subscriptions and contributions Musicians Expenses Welfare expenses 4. GOVERNANCE COST Acountancy and Examiners fee 5. SUPPORT COSTS: MANAGEMENT Office expenses and telephone Repairs and cleaning Insurance Storage fees 6. SUPPORT COSTS: FINANCE CHARGES Bank Charges |
2025 46,963 1,826 2,005 14,014 5,748 £70,556 2025 21,208 5,736 15,000 2,795 1,000 1,800 750 1,140 187 3,683 7,000 60,299 2025 £2,123 2025 241 177 361 3,882 £4,661 2025 £98 |
2025 46,963 1,826 2,005 14,014 5,748 £70,556 2025 21,208 5,736 15,000 2,795 1,000 1,800 750 1,140 187 3,683 7,000 60,299 2025 £2,123 2025 241 177 361 3,882 £4,661 2025 £98 |
2024 49,495 1,165 3,750 18,976 3,584 £76,970 |
2024 49,495 1,165 3,750 18,976 3,584 £76,970 |
2024 |
|---|---|---|---|---|---|
| 2024 20,759 6,124 15,000 2,190 1,991 1,522 400 550 187 1,890 - 50,613 |
2024 | ||||
| 2024 £2,622 |
2024 | ||||
| 2024 362 108 356 6,730 £7,556 |
2024 | ||||
| 362 108 356 6,730 |
|||||
| 2024 | |||||
| £115 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH NOTES TO THE ACCOUNTS - CONTINUED YEAR ENDED 31ST MARCH 2025
7. STAFF COSTS
No employee received remuneration of more than £60,000.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st March 2025.
| Salaries and wages The average number of employees analysed by function : 8. FIXED ASSETS Fixtures and Fittings COST At 1st April 2025 29,811 As at 31st March 2025 29,811 DEPRECIATION Opening Balance 29,811 £29,811 NET BOOK VALUE As at 31st March 2025 £0 As at 31st March 2024 £0 9. CREDITORS : Amounts falling due after one year Other Creditors |
2025 £21,208 2025 1 Fixtures and Fittings 5,090 5,090 5,090 £5,090 £0 £0 2025 £1,590 |
2025 £21,208 2025 1 Fixtures and Fittings 5,090 5,090 5,090 £5,090 £0 £0 2025 £1,590 |
2024 £20,546 2024 1 Total 34,901 34,901 34,901 £34,901 |
2024 |
|---|---|---|---|---|
| £0 £0 2024 |
||||
| £840 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH NOTES TO THE ACCOUNTS YEAR ENDED 31ST MARCH 2025
| 10. MOVEMENTS IN FUNDS Restricted Funds Building Fund Unrestricted Funds General Fund Restricted Fund Unrestricted Funds Total funds |
Incoming Resources 2,005 68,551 £70,556 01/04/2024 104,364 208,163 £312,527 |
Resources Expended - £67,181 £67,181 Movement £2,005 £1,370 £3,375 |
Resources Expended - £67,181 £67,181 Movement £2,005 £1,370 £3,375 |
Movement in | Movement in | Movement in | Funds |
|---|---|---|---|---|---|---|---|
| £2,005 £1,370 £3,375 31/03/2025 |
£2,005 £1,370 |
||||||
| £3,375 | |||||||
| £106,369 £209,533 |
|||||||
| £315,902 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAITH INCOME AND EXPENDITURE YEAR ENDED 31ST MARCH 2025
| Incoming Resources: Voluntary income: Tithes and offerings Other Income Building fund Gift aid Interest Total incoming resources RESOURCES EXPENDED: Cost of generating voluntary income Charitable activities: Salaries and wages Venue hire Manse expenses World evangelical ministry Conference expenses Donations to night and welcome centres Honorarium Central office Subscriptions and contributions Musicians Expenses Welfare expenses GOVERNANCE COST Acountancy and Examiners fee SUPPORT COSTS: MANAGEMENT Office expenses and telephone Repairs and cleaning Insurance Storage fees SUPPORT COSTS: FINANCE CHARGES Bank Charges Total resources expended Net expenditure |
2025 £ 46,963 1,826 2,005 14,014 5,748 £70,556 21,208 5,736 15,000 2,795 1,000 1,800 750 1,140 187 3,683 7,000 60,299 £2,123 241 177 361 3,882 £4,661 £98 £67,181 £3,375 |
2024 £ 49,495 1,165 3,750 18,976 3,584 £76,970 |
2024 £ 49,495 1,165 3,750 18,976 3,584 £76,970 |
2024 £ 49,495 1,165 3,750 18,976 3,584 £76,970 |
|---|---|---|---|---|
| 20,759 6,124 15,000 2,190 1,991 1,522 400 550 187 1,890 - 50,613 £2,622 362 108 356 6,730 £7,556 £115 £60,906 |
20,759 6,124 15,000 2,190 1,991 1,522 400 550 187 1,890 - 50,613 |
|||
| £2,622 | ||||
| 362 108 356 6,730 £7,556 |
362 108 356 6,730 |
|||
| £16,064 |