THE REDEEMED CHRISTIAN CHURCH OF GOD OAS15 OF MERCY HAROLD WOOD RM3 9UA FINANCIALSTATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF MERCY ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES Scope and Basis of the accounts The accounts have been prepared on accruals basi5 and in accordance with the applicable accounting standards and the statement of Recommended Practice "Accounting and Reporting by the Charites" published in March 2007. The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £33,053 during the year and had a surplus £2,319 Income Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty. Expenses Expenditure is included in on an accruals basis and is recognised at the point when a legal or constructive obligation arises. Majority of costs are directly attributable to specific activities. Where cost cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Fixed Assets No Fixed Asset was recognised in the year under review. Cash Flow Ststement The accounts do not include a cash flow statement as the charity has taken advantage of the exemption from preparing such a statement that is available to smaller entities.
Fund Accounting Unrestricted funds are funds which are available for use at the discretion of the trustee5 in furtherance of the general objectives of the charity and which have not been designated for other purposes.
REPORT OF THE BOARD OF TRUSTEES OF THE REDEEMED CHRISTAIN CHURCH OF GOD OASIS OF MERCY. The Trustees present their annual report and accounts of the Charity for the year ended 31" March, 2024. The Trustees confirm that the annual report and account of the charity comply with the Charities Art 1993, as amended by the Charities Act 2006, and the provisions of the Statement of Recommended Practice (SORP} "Accounting and Reporting by Charities" issued in March 2005. The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the trust. The organisation of the charity is controlled by the Trustees. Constitution Policies The objective of the charity 15 the advancement of the Christian faith worldwide in accordance with the doctrines set out in its statement of faith. The trustees use the income of the trust in promoting these objects. Objectives of the Charity. Principal Activities and Organisation of our work The Redeemed Christian Church of God Oasis of Mercy is a community-based Christian charity involved in holding Christian worship services and activities, preaching the gospel of Jesus Christ and reaching out to the community on Christian faith related matters as well as Other programmes that are beneficial to the general public. We are also involved in providing counselling to our members and helping those having financial challenges aimed at relief of poverty. The principal activities of the church are Christian worship, Christian outreach programmes to increase Christian awareness and spread of the gospel of our Lord Jesus Christ and development of the whole man (spiritual, mental and physicall. Achievements1n the year During the year, the charity organised Christian worship services, outreaches and interactive sessions open to members and the public. Of notable mention is the annual free Christmas gift packages to the locals. This is increasingly becoming popular within the locality where the church is situated.
It is our plan to continue and expand on this activity as long as availability of funds permits. The charity supported some members of the church who were bereaved hence the increase in the amount spent on Members, Welfare Related Party Relationship The charity is a member of the Redeemed Christian Church of God UK (RCCG) which has parishes all over the world including the UK. This relationship is governed by an Agreement of Common Purpose between the parishes and the RCCG UK Central Office. Under this agreement, the Redeemed Christian Church of God Oasis of Mercy has agreed to make regular proportional contributions to the World Evangelism Mission of the RCCG UK (WEM} and also towards the running of the Mission's UK Central Office (COF). During the year under review, the charity did not make any contributions to both the Region and Province where it was assigned due to the need to conserve funds. Review of Activities The charity received a total of £33,053 from church seniices and expended £30,734 leaving a surplus of £2,319 Reserves Policy It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the charity to meet its commitments for a minimum of three months The Trustees overall responsibility for the proper management and safeguarding of the resources of the charity were fully discharged. Chairman 12102/2025
REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF MERCY ACCOUNTANTS REPORTTO THE BOARD OFTRUSTEES ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 We report on the accounts of the Redeemed Christian Church of God, Oasis of Mercy for the year ended 31st March. 2024. Respective responsibllities of Trustees and Accountants The Trustees are responsible for the preparation of the accounts; The Trustees consider that an audit is not required for the year under Sertion 43(2) of the Charities Act 1993. as amended by Section 28 of the Charities Act 2006 and that independent examination is needed. It is our responsibility to: {1) Examine the accounts under Section 43(3) of the 1993 Act {21 Follow the procedures laid down in the general direction given by The Charity Commission under Section 43(7) of the 1993 Act (31 State whether any particular matters have come to our attention Basis of independent examinerfs report Our examination was carried out in accordance with the general direction given by The Charity Commissioners. The exarnination included a review of the accounting records. It also included consideration of any unusual items or disclosures in the accounts; and seeking explanation from the trustees concerning such matters. The procedures undertaken did not provide all the evidence that would be required in an audit, and consequently, we do not express an audit opinion on the accounts
Independent examinerfs statement In connection with our examination, no matter came to our attention which gave any reasonable cause to believe that in any material respect, the requirements: To keep accounting records in accordance with Section 41 of the 1993 Charities Act. and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act, have not been met, or To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Heritage Accounting Services 27 Cleveland Street Wolverhampton WVI 3HT
REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF MERCY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2024 2023 INCOME: VOLUNTARY DONATIONS ITrrHE. OFFERING AND THANKSGIVING) EXPENSES.. WEM- CENTRAL OFFICE REGION/PROVINCE DUES CENTRAL OFFICE FUND (COF) OUTREACHESIEVANGELISM RENT CHURCH ANNIVERSARY MEMBERS. WELFARE CONFERENCEsnRAINING DONATION PROFESSIONAL FEES GENERAL MAINTENANCE/REPAIRS EMPLOYERS, LIABILITY INSURANCE YOUTH EVENT TRANSPORTATIONnRAVELLING PRINTING AND STATIONARY 33,053 29,304 8,611 5,194 1,600 1,800 2,828 6,560 1.2CKI 2,938 6,415 3.630 4.666 1,750 4,315 250 200 254 266 489 326 392 400 393 271 1,349 620 240 TOTAL EXPENDITURE SURPLUS OF INCOME OVER EXPENDITURE
REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF MERCY BALANCE SHEET AS AT 31ST MARCH 2024 2023 NOTES ASSETS: BANK BALANCE REPAYMENT 40,054 35,195 720 40,054 35,915 LIABI LITI ES: CREDITORS 562 37672 3 REPRESENTED BY: UNRESTR[ED FUND SURPLUS OF INCOME OVER EXPENDITURE 35,353 32,273 2319 3080 353
REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF MERCY NOTESTO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024 I. BANK BALANCE: CASH BANK 313 2. CREDITORS: CENTRAL OFFICE (WEM) 1,711 ANSVAR INSURANCE 271 HERITAGE ACCOUNTING SERVICES 400