Charity number: 1176995 (England and Wales) ## THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Report of the Trustees and Unaudited Financial Statements For the year ended 31 March 2025 1 Report of the Trustees |Statement of Financial Activities|2| |---|---| |Statement of Financial Position|3| |Notes to the Financial Statements|4 to 6| |Detailed Statement of Financial Activities|7| THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Report of the Trustees For the year ended 31 March 2025 The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2024. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). 3 ## **OBJECTIVES AND ACTIVITIES** Constitution, Objectives of the Charity, Principal Activities and Organisation of our Work. The church started operating on the 1[st] of January 2015 under its present name:The Redeemed Christian Church of God,His Grace Parish. The Objectives of the church as set out in the Declaration of Trust are: - (a) The advancement of the Christian Faith, - (b) The relief of persons who are in conditions of hardship or distress or who are aged or sick and - (c) The relief of poverty. The Church was involved in Christian outreach programmes designed to increase Christian awareness and to spread the Gospel of our Lord Jesus Christ. ## **Objectives and aims** The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'. ## **ACHIEVEMENTS AND PERFORMANCE** Development, activities and achievements in the year The Trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people. ## **FINANCIAL REVIEW** Review of the Financial position The net incoming resources for the year amounted to a deficit of 2136.95, all of which was attributable to general reserves. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** |**Name of Charity**|REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH| |---|---| |**Charity registration number**|1176995| |**Principal address**|72| ||COTTAGE GROVE| ||LONDON| ||SW9 9NQ| |**Trustees**|| |The trustees and officers serving during the year and since the year end were as follows:|| ||Mr AKINWALE A. OYELEKAN| ||Ms MARIAMA KOROMA| ||Ms OYINLOLA AKINWALE| ||Rev OLURANTI AJAYI| Approved by the Board of Trustees and signed on its behalf by > ............................................................................. 09 January 2026 Mr AKINWALE A. OYELEKAN 1 of 7 ## THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH ## Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2025 |**Income and endowments from:**
**Notes**
Donations and legacies
2
**Total**
**Expenditure on:**
Charitable activities
3/4
**Total**
**Net income/expenditure**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
3,185
**3,185**
(3,007)
**(3007)**
**178**
1,045
**1,223**|**2024**
**£**
2,471| |---|---|---| |||**2,471**| |||(2,798)| |||**(2,798)**| |||**(327)**
1,372| |||**1,045**| 2 of 7 THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH ## Statement of Financial Position As at 31 March 2025 ||**Notes**|**2025**|**2024**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Tangible assets|7|790|1,053| |||**790**|**1,053**| |**Current assets**|||| |Cash at bank and in hand||345|166| |||**345**|**166**| |**Creditors: amounts falling due within one year**|8|---|---| |**Net current assets**|||| |**Total assets less current liabilities**||**790**|**1,053**| |**Net assets**||1,135|**1,053**| |**The funds of the charity**|||| |Unrestricted income funds|9|1.135|1,053| |**Total funds**||**1,135**|**1,053**| For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Mr AKINWALE A. OYELEKAN Trustee 15 January 2025 3 of 7 THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH ## Notes to the Financial Statements For the Year ended 31 March 2025 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **2. Income from donations and legacies** |**Unrestricted funds**
Donations received
**3. Costs of charitable activities by fund type**
**Unrestricted funds**
EVANGELISM
**4. Costs of charitable activities by activity type**
**Activities undertaken directly**
EVANGELISM
**1. Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation of owned fixed assets|**2025**
**£**
3,185
**3,185**
**2025**
**£**
**3,007**
**2024**
**£**
3,007
**2024**
**£**
----|**2024**
**£**
2,471| |---|---|---| |||**2.471**| |||**2024**
**£**
**2,798**
**2024**
**£**
2,798
**2024**
**£**
----| 4 of 7 THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH ## **Notes to the Financial Statements Continued For the Year ended 31 March 2025** ## **2. Comparative for the Statement of Financial Activities** The comparative year values on the Statement of Financial Activities are for unrestricted funds. ## **7. Tangible fixed assets** |**Cost or valuation**
**Projector**
**£**
At 01 April 2024
240
Additions
---
At 31 March 2025
**240**
**Depreciation**
At 01 April 2024
80
Charge for year
At 31 March 2025
**60**
**Net book values**
At 31 March 2025
**180**
At 31 March 2024
**240**|**Furniture and**
**fittings**
**£**
100
---
**100**
34
**25**
**75**
**100**|**Computer**
**equipment**
**£**
713
---
**713**
230
**178**
**535**
**713**|**Total**
**£**
1,053
---| |---|---|---|---| ||||**1,053**| ||||344| ||||**263**| ||||**790**| ||||**1,053**| ## **8. Creditors: amounts falling due within one year** |Accruals and deferred income|**2024**
**£**
----
**----**|**2024**
**£**
-----| |---|---|---| |||**------**| ## **9. Movement in funds** ## **Unrestricted Funds** |**Unrestricted Funds**||||| |---|---|---|---|---| ||**Balance at**|**Incoming**|**Outgoing**|**Balance at**| ||**01/04/2024**|**resources**|**resources**|**31/03/2025**| ||**£**|**£**|**£**|**£**| |_General_||||| |General|1,053|3,185|(3,007)|790| ||**1,053**|**3,185**|**(3,007)**|**790**| 5 of 7 THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH ## **Notes to the Financial Statements Continued For the Year ended 31 March 2025** ## **Unrestricted Funds - Previous year** |_General_
General
**10. Analysis of net assets between funds**
**Unrestricted funds**
_General_
General
**Previous year**
**Unrestricted funds**
_General_
General|**Balance at**
**01/04/2023**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**31/03/2024**
**£**
**£**
**£**
**£**
1,372
2,471
2,798)
1,053
**1,372**
**2,471**
**(2,798)**
**1,053**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
790
345
1135
**790**
**345**
**1135**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1053
166
1219
**1053**
**166**
**1053**|**Balance at**
**01/04/2023**
**Incoming**
**resources**
**Outgoing**
**resources**
**Balance at**
**31/03/2024**
**£**
**£**
**£**
**£**
1,372
2,471
2,798)
1,053
**1,372**
**2,471**
**(2,798)**
**1,053**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
790
345
1135
**790**
**345**
**1135**
**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1053
166
1219
**1053**
**166**
**1053**|**Balance at**
**31/03/2024**
**£**
1,053| |---|---|---|---| ||**1,372**||**1,053**| ||||| |||**790**
**345**
**1135**|| |||**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
1053
166
1219|| |||**1053**
**166**
**1053**|| 6 of 7 THE REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH ## **Detailed Statement of Financial Activities For the Year ended 31 March 2025** |**INCOME AND ENDOWMENT**
**Donations and legacies**
Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Cost of direct charitable activity
**Total resources expended**
**Net Expenditure**|**2025**
**£**
**2024**
**£**
3,185
2,471| |---|---| ||**3,185**
**2,471**| ||**3,185**
**2,471**
(3.007)
(2,798)| ||**(3,007)**
**(2,798)**| ||**(3,007)**
**(2798)**| ||**178**
**(327)**| 7 of 7 This page does not form part of the statutory financial statements