Compan). Tegi%lixlioii Nuinbei.: 12012176 Redeemed Christian Church of God (RCCG) Icings Court Chapel IA comp&ny liniited by ouaiartteel Annual Reportand Finlncial Slalemenls for the Yeai. Endcd 31 Dec¢tnbei' 2024 Michael J En)&y & Co Liiniied Chdriercd Accouiiianls 22 8t. Jolift Sli'ccl Ne%vpoil Pagnell Buckitisliamsliire MK168HJ
Redeeiiied Clii'i.8tiaiJ Chiii'cli of c?ad IRCCC) lciiigs Coiii'l Cli%i)cl CoJiteJils Refeitnce and Adiiiin15117live Devdiis TNstees' Repori 2104 Jndeijendeiii ExatiiineiJs Repts-l 6107 Balaiice Sheel Notu to Ilie Fiiiancial Sitttciiients IOto21 Delail¢d StA(emenl of Financigl Aeiiviiie8 22to24
ecleeiiicd C'lii'isliaRJ Cliui cli ol. Cod {IIC'CCI Ilin%s C.'oiii-t C.lixi)el Refei'eijec Adii)iiii.81i'alivc Dctail.8 Ti'ustCQ5 Mi- Adegbeniig41 Oluwalundeiiiilpde Adeivumi Mi. Akinola Salaini Mi. Sola Eivedenii Mi3 Tiimis¢ Lwtde1ni ljriiicipal Offict Auix)I'a House DeliiL Avenuc Rool(51ey Milion Keynes MK13 8LW I'IIE cliai'ily is incoiyoi-aied in England aiid Wale& 12012176 Coiiii)Riiy Rtgisti'Hlioii Nujnbei. ChAI'lly Regisli'atioti Nujiibei. 1184375 B%nl(et B8rGlllys D&iik 737 Bal'king Road L()NDON E13 9PL Miclillel J Emery & Co Limited Cliai'iei'ed Accounlants 22 %1. John Sli'cet Neivpoi't Pagnell MIC IC) %HJ P&ge I
Ile(leei)Tre(I C'lii'isliaii Cliui cli of Go(1 (RC.CG) ICiiig$ Coiii't Cli%pol Ti'u8teo$' Reijoi't Tlie Iruslce5, who aiy directoi'g for Iht piii'pose% of coiiipaiiy law, i)Ir.%cnl IhB annual I'epoi'l togelhcv ivith Ilie liiiaiicial slftleiiients of Ilit chai'iloble conii)aiiy for Ilic ycar rndeij 31 Decemb¢r 2024. ObjeclLVtS Aiid Activitle$ Tljc advgnttmenl ofiiic Chi'islidn faiill ivoi'ldivide in accoiylance witli Ilie objects sel out iii clause5 6.12rtd 6.2 iii t ai'li¢les ot- associaiion. The tru%lccs iiiust use Ilie inc(>me attd iiiay use Iht eapiial of the Ii'usl in Pi111011ng I objects. Pilblic be.iiefiÉ Tlie ¢liai'ily'.s aclivilies 21'c aimed at 111eeling ihe plysical attd spii'ilual needs ofiiie local coiiiiiiunily and due IEgard to the public benefil guidante publislic(I b), Ilie clial'tY Coiiiini55ion foi- Englan<l and Wales. Kings Coui't Clpe1 iiiakes It4ular donation5 10 Ilie World Evangclisiii Mi48ion via RCCG IUK). IM additioii, the Tlie eliurch also provided siii)i?ort lo Inenibei's ol. Ilie congregalion who expei'ienced finaiicial liardship dul'li Ihe year.-fiiosc' membLIE bcnefiied fix)ni gi'aiils Io SLipporl Ilieiii. Usc oji111111leers I'lie chai'iils volunteers providc an invalueble conii'ibution in vayious ai'eas of seyvice provision, d¢velopTnenl and illipleinentaiion of Ilie thuich's visioo. Willi ovei. 100 voliint¢ei'5 assisting iviili the effective opei'otlDllS Ot. Ihe cliai'ily.. Ilic Imonelaiy Cqkiivaltnt of tlicir coniribulion is iminen5¢ aiid l1-appl.¢c]8Ied by Ilie trustee8. We piDvide 2 volunteei'.q' Ilminiiig piD£i'aiiime IIEat caters foi. Iheii, Iveifai¢, si)irilual and socio-ecan0iC dtIepenI. Tlit cliai'ity generated a suiplu,8 of £98,568 foi. Ilie yeai.. Ai Ilie balance sheel dali ioial julS sland at £973,576. Tlie vholc of Iliis llttiotint p1'¢stls iini'estricled fiinds, alihoiigh £586,010 lias been specifically dtsignaied foi. Ilic purchase of a fi'eeliold propei'ty lo be used as Ilie ¢h4rity'3 main PlEiiiises Iivhere COiE activiÉie5 Ivill b¥ uiidei'iakenl. ie inajority of Iliese fndS are ljeld in hiBlily liqvid ciii'i'ent and deposit aecounis. Total tunds include £44.799 of 12ngible fixed asse15 which arc used to f&ciliiale the cliai'ity's aclivilies Pollcy ONI p'tsÉive l-lit Ti'u5tce.s tti'e aivare of Ilie reqlliremenl to have a re5e]ves policy in place and ivill develo1) a policy Iliat mcels Ilie. peculiai. cii'ciimsiaiices of Ihe rharity. Pripielpttlfiiiirfiiig soEti'ees Cui'r¢Dily, Ihc prinGipg1 fujiding soiiir¢5 of tlie chai'iiy are fi'oiii dortalions Inade by ity volunleciE and Incinbei'& Page 2
Rc(leeiiic(I Clii'istijii L'liiij'cli of Gud (RCCG) IliiiEs C'ovi't Cliai)el I'i'LlStee81 Repoi't Plai foi. futui'e Iici-iods Aliiis iiiid keji 4pbJÉelliiovfoi'fiiliiFÉPÈI.loils cliuvch. Empowcrmeiit and tducalioii I'eniaiii inipoi'laiil 1¢#11$ of Irlieving povc1.ty and ID Ilial ciid, w¢ Ivill conlinue to ovganise confei'eiices And scininar5 to tquip IncnibErs of Ihe local ¢orniiiunily. Ntsliire olg<Jvciiiliig dociiiiieiil Tli¢ iiicoii)017i¢d Chai'ity 1% conirollcd by it5 governing docuiiienis, Ihc gl'licles of association and iiiernor&nduni. Ivliich were ciE£ied 01122 May 2019. ecJiiiCiiieitl Miifl fiPPOiFiiiiieiil of Iriislees Tiwlecs are elected #lid co-opted undei. Ilie iei'ins of Ilie EOVtI'ning docuiiienls. Any Reiv Iruslee Ivill be given ali understanding of tlie eliai'it) s objeclives and Ilie 1tquirtiiie.nls of ihe Cliai'ity Comiiiission. They al'e dlso ¢ncoui'aEed lu allend spiii'opi'iaie cxlernal ti'aining events Ivliere these will faciliiaie Ilie uiidertakine Ot'iliei¢' vole. Tlie Ti'ustee.s delei'iiTrint Ilic i)ay of ktj, i11agen1enI pei'sonnel by revteiving the perfoi'niance of Ihe previous tinancial ycar. The 0WIll in in¢oiiie 2nd aiiendanee al't soiiie ol-llie criiei'ia con5idei.ed Tn s¢tting tlie 5&1ary level. choi'iiy. T1118tcrs meet foiinally twice a year, or as requiiid 10 I'cview the operaiions ot Ihc charity.
Ilcileeiiitd Clii'istiAii Cliui'cli of God IRCC'GI l
Redeeiiieil Clii'istiaii Cliiii'cli of Cyod (RCC.G) l<iiigy& Coui'l Cliaijel Slatciiiciil of Ti'ustccs, Ile81)oiisibililies Tlie Iiiislees Iwho ale also Ilitt dii'ccloi'.% of Redeenied Chi'isiian Cliui'cji of God IRCCGI Kings Coui'l Cliapel foi. Ilie accoiQante iviili Ilie Uiiiled Kitigdniii Atcoutilillg Slaiid&i'ds Iuiiiied Kingdoiii Geneiilly Accepted Aecuuiitiiig Pi'aclice) and ai)plicablc law and Ilgiilations. %clcct suiiable accounliiig policies and apply Iliem toiisisienily., Inake jud¥¥nieiiis eslilliales Ihal al'e I'ea%oiiablc aiid p1'udent' stale wliether applicabl¢ UK AtcouiilinB Sldndails liaip¢ been folloived, subject to 8tty malei'ial depailures Tlie Ii'iistetE air resi)onsible foi. keeping fjdtquclle accounting lEcoiS Ilial arc sitfricienl to slioiv and Liplain Ilie cli?I'ilable coinpany5 Iransaciions aiid disclose iv&lli Itasonable accuracy at #ny iiitte Ilic fingncial posiiion of Ilie charilable coinpasiy and enablc Iliein lo ensuit Ihal Ihc financial siaieiiicnls cuinply M'illi tlie Coiiiptsniex Acl 2006. Tlie). ale tlso Ycsponsible foy safegiiwding Ihe ttssels of the cliai'iiable company hcnce foi. iJking I'ea8oiiable AppiDved by thc Ii'ustees of Ihc charily oil and signed on ils belialf by.. Mi's Oinobolaiile Sai'ah Williallis Tiwlee Page 5
Redeenied Chi'isliaii Cliui'cli of God (IICC.C:) Icings Coiii'l Cliai)el liidepeTideiit Li xamiiici s Elepoi'l to Ilie ti'iislec.% of Redooii)ed Clii'i8tfftxii Cliui'cli of God (RCCG) ICiIiES Coiii't ClIAI)cl 2024 whieh aye set oul on Iidges 8 10 21. As Ilie cliai'ity's Ii'ii%lees of Redeeiiied C.hYisli8n Cliur¢h of God IRCCGI Kings Covit Chapel {aiid alsu ils directors Irquiirmettis ot'llie Coillpanies Acl 2006 {-'tlit 2otJ(i Aol'l. Flaving saii%fied Iny5clf Iliai Ilie accoiiD15 of Redeeiiied Clii-islian Cliiii'cli of c.i((1{(:(.GI ICinES Court Cliai)¢l aic noi I'equii'td 10 be audited undc1' 1)ai'l 56 of the 2006 Act llnd aye eligible foi- indepeiideiil ex8llllllation, I I'eporl in res1)ect of MJ, cxaniinalinii of youi. Ghai-ily's accounls as cai-l'itd uil undei. 5ccliuii 145 of IhB ehai'ilic% Acl 2011 I'tlie 2011 Ael'l. In eai'ryin2 oul niy ekainiiiation I IIAiie lolloivtd DiiEclions Eivcn by the Cliar.&ly Coiiimi55ion undei. Since Redeenied Clii'islian Cliuirli of God IRCCGI Kiiigs Coui'l Chai)el's Ei*$s iiicoille exceeded £250,000 your iinderlake Ihc exomination bctaiise l ain a meniber of ICAEW, iviiich is one gf Ili£ lisled Iiodits. 1 118v¢ cojnpleled my eAaminalion. l ¢ohfiiTh that no iii&iiers liave ¢onie 10 Miy attenlion irt coiinectioii willi the exaiiiin8tion giving me tause lo believe,, l. accounting recoi'ds ivei'e nol kept in Irspeci of Rcdcenied Cli¥islian Cliuitli of God IRCCGI King5 Court Cliapel Imuiied by seciion 386 ot ilie 2006 Act., or 2. tli¢ aecounl% do pol aGc01 wilh those records. oi. 3, Ilie accounis do not coiiii)ly il'iih the 8ccounting reqoiiEinenls of seciioii 396 of the 2006 Acl otlier Iliaii 8rty reqvirctneni that Ihe accounts give a liiie and fait. vie%¢ whiGII 15 ntsl a Mtte1. ¢oDsidered as pwi of indtrLndetit ex&ininalion' or Il. the accoun15 have iiot been preparcd in accoilanct ivirt) the illciliods and pi'inciples of Ilie SIEtteiiielll of Reconiniended Pi%ciicc rot. a¢¢ouniing and reporlinE by cliariiies lapplicéble lo chai'iiie% prEPttI'in8 their aecounts in aCLOTdance willi Ilie Fiiiancial Reporliiig Standard Applicable in Ilie UK and IlepubliL ol. Irelaiid IFRS 102)]. I liave iio con¢erii% liavc conie a¢i'oss nr> oihei. lliaiiei's in conneciion iviili Ihe Lyaiiiinttion io )Iliich Attention shoiild be draivn in Èli15 rew)it in older to eiiable a piopw iiudti'siandlng of thi accoiinls its be i'eaciied. Pttge 6
Reilecn)ed Clii'isliaii Cliiii'eli of Go(1 (RCCG'I ICiiig4 Coiii'l CIIApcI Iridei)CTideii( Ei XainiTleR s Reiioi't lo Ilie It'llstecs of Rc(leeiiieil Clii'isliaii Cl)ui'LlJ Goil (RCCG) Kiiigs Coul't Cliai)el Mic119cI ACA 22 Si. Joliii Siitti Nci¥poit PaEntll MK16 111.IJ D81e'. Iq-..Q.1.-,.2oiS Pagt 7
Rtdecincd Clii'isliaii Cliiii'eli of Goil (RCCC) Iliiig.s Caiii'l C.IIApel Stateineiil of ieiiiAiicial Activities foR' tlie Yeg41' fiiiidc(131 DeceinbLI' 2024 (Iii¢luilinR Iiicoine aiid Ei xi)eiiditui'e Accuutil diid StateiJiLnt Df Tatxl Recognise(l Gaiiis ¢lll(I Los5cs) Total 2024 TolHI 2023 ryiids Not¢ an&lion% ai)d Icgacies 543,770 812 543,770 812 627,461 3,803 Total income 544,582 544,582 631.264 ExptiiditTii'e on: {446,014) 1446,014) 1446,014) (434,775) Tolal <¥i]endiluYc (¢146,014 1434,775) 98,568 98,568 196,489 98.568 98.568 196,489 'otal funds b1U817[ foivJiYl 875,008 875,008 678.519 TOILI fvnds caii'icd foimmrd 16 973,576 973.576 X75,008 The fiinds biyakdown for 2023 is $Sioivn in Joie 16. Page 8
Iledeeitieil Clii'istiaii Clliii'cli of C7011 (ACCG) l
Redceiiieil Cl)Tr'igtixn Cliiii'c.Ii uf Go(1 (RCCGI l<iiigg Coiit't CIIApel N()les tn Ilie FiiiclllLial Slaleiiieiils foi. Ilie YeaTr' Li nded 3 A DeLeiiibei' 2024 I Chai'ity stAtus Tlie clia1.ily 15 liiiiiltd by Euaizntee, inc()Iyo¥aI iii Eii&lsnd Jiid Wales, and coilgequeiiily doe5 liot liave shal'e capital. Each of ilie Iruslees is liable to colili'ible ali liiioiiiil not exceeding £5 towaixls Ihc a8sels of Ihe cliai'ily iii Tlie add1'e5S Ot ils I'eEisl¢red office is.. Deliic Avcnu¢ Rooksley Milloii Kcyne5 Buckin2liainshii'e MK13 8LW 2 Accounting pDIi¢ics Tlie fjnaiicial siateiiieii15 1111 ve been Ixrpllird in aectsiYlane,e i¥iih Accoiinting and Repoi'ting by Cliayilies., Stsiemefit Repoi'ling Standard applicable in the UK and Rci)Iiblic of Ir¢land IE.'RS 1021 leffcctive l Janiiary 20151- Icbai'ities SORP IFRS 10211, Ilie I".iiiaii¢ial Rp.poitinE 8iandai'd gpplicllble iii Ilie UIC and Republic ofiiEland IfRS 102). They 81so ¢ODlI)ly wilh Ihe Coiiipanies Act 2006 attd Cliaiiiie5 Aci 2011. Ba515 of pJ'eiixYatlo)I Redeeiiied Chi'isliaTI Cliurcli of God (IICCGI Kiiigs Coui'l Cliapel Inet15 the definiiion of a public bciiefit enlity siaied in Ili¢ relevani accounting policy nol&%. Tlie Ii'u4tets con5idei' thai Il*re air no maiei'ial uDcei'iainlies alioul Ilit cliai'ity's ability to continue 1$ a goiiig concei'n noi. any significant al ot unGer12inty that &ffe¢t ilic carrying value of assets lield by Ihc cliai'ily. i'¢ceived and Ilie ainuuni ol'15ie incorne reLeivftble call be nieasiircd iliablY. Donatioiis and legacie8 air J'ecognisud un a r¢c¢ivable basis wlien irceipl is i)lbabIe aiid the amolliii can be IEliably onditions i¥ill be tullilled Ihe IEporling De10d. Page 10
Reileeiiieil ClIR'isli%ii Cliiii'cli of Co(1 (RC.CG} J<iiig.8 Coiii'l Cliai)el Nnles to tlie ]fiii%iieifil SIRtÈmeIils foi. tlie Yeui. Elided 31 DecetllbL&l' 2024 naluii neccssllry lo suppoi-t tlieni. SuppDI't cosls Sui)porl c()%lS Illtlude ccnli'al ftinciions and Iwve been ttll()cattd to activity COA eategoi'ie5 on a basis consi51eDI iviili Ilie us¢ of I'esourtes. Govej'iiatiee ¢0515 T11¢5e include tlie costs È111'ibuiable lo Ilie diai'ily's coiiipliance with conslilulion#l and Stalutoiy reqtsii'eineiiis, inGludittE aiidii, slratcgic Initlla8etticni and Iivgtees, meetings aiid ieiinbui'sed expenseg. Covoi'iiiueiit gJA)Its Govei'iiinent FJ'ants aiE I.ecolSed whcn Ili¢ clipi'ity bccoines cnlillcd to Il incoinc, il is prob&ble thal rhe cli81.lty I'cc¢iYe tlie iiicome, and thc inconie can be Ineasured Yeliably. If receipl of a EinL is ¢ondilional oil Ilic chai'ity Imeeting specified petfonnance G1'tIei8, Iheti the granl is not reeogniscd us intoine unlil that perfoixnance Ll'iieia lias bttii luifilled. T%iigible fixed ssels Indiiridutl Iixed wets air iniiially recorded ai cost, Ic5s 8ny subsequeni accuinulated dtpEcialitsn and subscqueiil ccumulaltd iinpaii'lli¢nl losses. Depieciation is pitividcd 011 langiblt lixcd as8et% 50 as 10 write off Ihe tosi oi. valu&tioJ, less any estiiiialed I'esidual As%e( cla5. ruYnilUIE and equii)nient At IOOA, 20% aiid 330h on cost {depIdenL on the assell At 20% on ¢ost Moloi'veliicles Pge 11
Rcdeeiiied CIIT'i%liAii Cliiii'cli of G'o(1 (RCCC.) Jciiigs Coiii'l Cliiipel Notes to tlie fi jiiaijtial S'IAteineTils foi. tlie YeAI' Ei Iided 31 De¢eiiibLI' 2024 Debloi Debiuis al'e Iiiollies tswing lo the cliai'ity at Ilie balance 51teel dale, includinE gifi aid in irspcct of dohaiioiis rcteived J)ebiors are I'c¢o8ni.4ed iiiilially xi Ilie tsynsaciioii pi'i¢e. Tliey al't tsuljrqiitr.ntly iiie8SUltd at aniorlised cost using the CAsli aiid tAsli equivaleIits Cash and ca511 equiv&leiil% toiiipi'ise oti hand and call dep05ils, and other shorl-lei'm liislily liqiiid invesiinenls thai aye readily converlible to a kni017 aiiiounl ol'cash and air %ubject ID a11 insigDiticanl I'isk of cliange in vallle. TIMdc ej'editoi's Ti'ade ci'ediiors at'e obliEalTOJiS lo pay f01. goods 01. 8ei'vices ihai liave beeii acqiiii'ed in Ilic OKdinaiy t4)ui'sc of attei. Ilie reporting date. If Ihci'c is att unconditional light to delci. seltleineiii f. al Icasi (welvc i)ionilis after Ilie repot1ing dale, the>, are pir8ented as non-curi'ent liabilities. Trade vEditors are Yetogniscd iniiially at Ilie ¢i'ziistclioM prict find subsequentl), iiieosured at ainoitised cosi usiii the effeciive inlei'esi iiicihod. Unrestr'icted intoine funds 'e genei'al funds that air avoilable for usc at Ilie Iiusiees'% dis¢i'ttion in furlherunce ofihe objeclives of Ilie cliai'ity. Tlie chai'ily Inake5 conii'ibulions inio a defiiied Lonii'ibulion pcnsion 5eheiiic for the bcncfit of IL8 tlllployees. Contributiolls payablt lo the pe115ion s¢li¢nie are rccooni.£td in Ihc slalement of fiiiancidl activilies in the pei'iod Iliai the bEnefil eained by the emi)loyet. Any pension benefits eai'iied biii not i)aid inio Ilie scheme at Ilie balance sheel dote ale rewgnised as a liabiliiy iii tlie balance %lie¢l. P£Ee 12
Redeeiiied Clii-istiAii Cliui'cli of God (RC.Ce) Kiikgs Coiifft't Cliapel Notes to Ilie FiiiaiiciAI Stateiiieiils foi. tlie Ye#t' Ei Iided 31 Deceinbei. 2024 I'otal 2024 2023 DoiiRtiODS IcEaoies', 498,119 45.651 505,528 Gitl aid IEclaiiiied 543,770 543.770 627,461 Uni'e$ti'iited TotAI 2023 Gtn¢i'AI 20Z4 MisSiOIIS '.venl%, scininaiE gnd confei'ences 368 812 $12 812 812 3,&03 Activity undertAIIEtI TotRI 2024 Totfjl 2013 5uppoI'I Cost5 Physical and spii'illldl needs 280,É121 165,593 446,014 1134,775 £446,014 1202) i'tstl'icied fuTrJs. £434,755) of IliE ave expcndilure ivas atlribuiablc 10 unresiricted funds and £Nil12023- £Nill lo Page 13
Ile(leoi)ied Clii'istiaii Cliiii'cli of C7nd (RC.eci I(iiiEs Coui.t Cliapel Notes lo Ilie fiiiiAiicial state1C]its foi. tlie YeAI' Ei iide(13J Deceinbei. 2024 Tolal 2024 TotHI 2023 oiliei. niS to RCCCI Wage% and 5alaYies social sccurily Pensions 'riittiiiga bDoks, eonfeirnces and seininai Welfaiy rxpen%es Honoixriuiii Teclinical dcpai'lineni expcnses Junioi. chuY¢h cNI)titses Music aiid Clwir expe115es WoiNI and Sound Teen cliuirh exi)ellses RCCG wurld ¢v&ngelis¢ii Imission 9,314 96,695 9,314 96,695 3,475 95.094 5,199 1,929 1,942 9,272 2,407 2,400 284 5,548 14,347 1,942 9,272 2.407 2,400 3,214 11,382 192 2,850 16,718 681 7,849 95,751 -878 28,092 7,496 5.548 14,J47 11,677 83,959 11,677 Tiivel aiid oiliei. cxpcnses Moioi. expenses 24,261 7.221 24,261 7,221 280,421 280.421 293,421 Govej'naiice Costs I'olal 2024 rot1 2023 Costs lttdependent 2,064 2,064 2,216 Oihf.I' gov¢i'nartcc relllied oosls Rookkecping serviees Waxe Social securily 1,825 5,000 1,825 5,000 21,500 1,743 1,583 1,000 18,620 21,500 1,743 451 1,306 371 T#l¢plioii¢ 1,306 PaEt 14
It(leeiiicil Clii'istiaii CIIui'LlI of God (IICCG) l<iiigs C.oiii't C.11gpol Not&% to Ilic fi jnuiieial SIHleiiie])ts foi. tlie YeAI' fi iiileil 3J DeLcinbei' 2024 Pt'¢tnise5 costs Cuvci'iia2i£e eosts 'fotAI 2024 TolAI 2023 Costs Costs PthstLC and Ylttlioiieiy Gcneral eipenst% Bank ¢hai'Ees Rent 2,673 6,983 2,673 6,983 3,?.01 94,676 4,973 4,832 1,120 9,580 2.733 85,933 515 2,597 3,201 94.676 4,973 4,832 Insurance l)tpirciation offixed ssels 12,795 12,795 10,587 34 Int¢re51 payable Pi'otivloss on dispts$81 of fixed assets 8,889 4,772 34,656 117,276 165,593 141,354 7 Nct ineojiiiiigloulgoiiig i'esoui'cc3 2024 2tJ23 Op#i'atin8 leases- oilier asscls DCpIllio11 ot'fixed se18 94,676 2,795 H5,933 10,587 8 Trustec5 veii)unei'Rtlon and expenses No Ii'uslees, nor ans, persons Conneclcd iviih tliem, h*ve i'eceiv¢d arty remiineratioii fiom Ilie charity diii'ing the Ye.. No Ii'ustee8 have I'eceived anj, relinblsCd eAp¢iists or any oihei. benefils froiii Ilie rjiai'iiy during Ilie yeai., Donalioiis ni&de by the Iruslees witlioul any CDnditions attached totolled £2,516 foi. tlie year12023 £3,11 $1. Page 15
Redetiiieil Clii'i.stiaii Cljiii'cli of God (RCC'G) IIiii&FS Coiii'l ClIApel Nato8 tn tlie fi jllaiicial Slxteitieiits loi. tlie YeAI' fiJiide(131 Deceinbei. 2024 9 Starre115ts Tlie aEgiEg&te payroll cos15 Iveit as follows.. 2024 2023 Stxff tosts dui'liig tltt yeai. Ivei'e: W¥Ees and salai'ie5 So¢i&l secui'ily tosls Peiision costs 12,757 2,392 173.344 6,513 2,100 122,527 The iiionihly Dvcrage numbti. of IKisons liii¢ludlng 8¢nior iiiaiiageiiienl leaiiil employ¢d by Iht cli81.ity du¥ing the yeai. cxpiE&%cd as Iiill litDe eqiiivalthis ivas 4s follows.. 2024 2023 Pasloi'jl 312013- 3) of the Jbovc ¢inplo}'ces partlGipaied in the Defined ContiibloiI Pcnsion Scheine The nuniber of eiiiployces whost ¢nioliiinenlS fell within the foll(Jwing b&llds ivas.. 2024 No 1023 £60,001 £70,000 'lie total employee benefits of the key Inanageiii¢nt peiEonnel or the tharity ivert £98,637 foi 2024 (2023 £94,024). 2024 2023 2,064 2,216 Page 16
Reileeiiied Clii'istlAri Cliuj'eli uf God (RCCC.) ICiiiLJ.% C.oiii't Cl)ai)el Notes to Ilie fiiiiaiieifLI Slateineiits foi. Ilie Y¢ai' ii(lei] 31 DLcciiibei' 2024 Tlie clJai'ily is a r¢Eisleitd cliariiy aiid is tlierefoiE exemipi froni laxgtion. 12 TaTigil)Ic fixtd absols otoi. Tulal Cost Ai l Januai J, 2024 Additions Dispasfils Al 31 Decembei. 2024 58,604 12,519 14,628 14,619 114,6281 73,232 27,138 114,6281 71,123 14,619 85,742 Dtpi'eciatluii At l JÈnua1'y 2024 Cliai-Ec fai. tlie ycai. Elittiinaied on disposals 28,149 12,063 488 731 1488 28.637 12,794 1488) At 31 Decembcr 2024 40,212 731 40,943 Net bDoI( vRlue At 31 Deceinbei. 202 30,911 13,888 44,799 Al 31 Deccmbei. 2023 30,455 14,140 44,-fj95 13 Dcbt015 2024 2023 Prepayii)enLS tiift aid receivsbl¢ Otliei. dtblors 28,238 124,403 68 78,752 67 152,709 94,51N) PaÈe 17
Rc(lectiie(i Clii'istiaii Cliuj-cli of God {RCCC) Kiiigs C.oui't ClIApel Noles to Ilie fi iiiaiiti%l StAteineiils foi. tlie Yeai. Ei Iided 31 De¢eiiibei' 2024 2024 2023 Ti'ade crediloi's oihei. iaxation and social 8ecurily 729 3.272 18,759 11,903 4,078 19,477 14.350 ACcial 34,663 Page 18
Redeeiiied ClIR'istiHii C.'Iiiii'eli of CT(J(I (RCCG) l<iiigs CoiLI't Cliaiitl Notes lo Ilie IfinxiiciHI 8t2teiMeiiti foi. Ilic Yeai- Ei iided 31 Deeeinbei. 2024 2024 2023 Within untt ytai. Beiween one and five yeays 87,320 87,320 206,835 206,835 294,155 16 Vuiids Rlalaijee Ht 31 Doceinb¢t' 2024 IIAlallce xt i Jiiii%i'y 2024 Rtsoiii'ct5 expeiiiled rt50UJ'C¢5 UnJ'c51J'lcttd luiids Geiieilll Gene1 288.998 544,582 1446,014} 387,566 J)eslgJiuled Designated 586,010 586,010 TotAI fullds 875.008 544.582 1446,0141 973,576 P8laii£e At 31 DcL'eiiibe BAlaiict At I J%iiiiAI'y 2023 R¢soui'tt8 i'esoui'ces 2023 Ulli'esli'i£tcd fuiids Géiierrtl Gcll 92,509 631,264 {434,775} 288,998 DesigNirtie D&%igiialed 586,010 586010 Total flind5 678,519 631,2()4 {434,7751 875,008 Page 19
Reileeiiied Cl)i'istiHiJ Cliui'eh of Gud (RCCG) ICi112s C'oiii'l Cliaijel N(Jte% lo tlic fiiiiaiicial Slaleiiieiils foi. tlie YeRI' Li iidei] 31 Deceillbel, 21)24 The specifsc piiiiioses for ivliicli Ilie funds al't to be ai)pliBd ait as follows,. CTeiicral fund.. This is art illEI'eslricled fund Iliat has been desiBnaled for Ihc i)Iii'i)()se of acquii'ing a fiEehold properly as & pei'iiiaiienl premi% for Ihtt cli41'ity. 17 Allaly81s of net Assets belweeii funcls 2024 Dosigiiated Tangible fixtd assets Ciii'rent £vseis 44,799 377,430 {34,6631 44,799 963,440 {34,6631 586,010 Tulal net a55ets 387,566 586,010 973,576 2023 Uni'e5trltttd thiids Geiiej'al Desigiiale 'rotfil fllllds Tangible fjxed a55eis Cvri'enl assets 44,59) 282.308 137,9051 44,595 868,318 {37,9051 586,010 Tolal nel tsseis 288,998 586,010 875,008 Page 20
RcdoLnied clii'lsliiI Cliui'clj of Go(1 (RCCG) KiiiLts Coui't CliapLI Notes lo Ilie rtiiiaiici21 Statciiieiils foi. Ilie Yexi. iided 31 Deccinboi. 2024 2024 2023 67 18,660 67 18,314 19 IltlAtcd paj'ty ti'll1#t(lo1is Duiing Ilie yeai. the cliaiity iiiadc Ihe folloivin¥ relaled pai'ty ti'an5a¢lions.' Ile(lee)iied CliJ'istiHii C.liiii'tli of Cod IRCCCI Du1'1ng Ili¢ yeai. the charity niade coiili'ibulielis lolallinB £113,96012023.. £95.7511 to Ilie RCLCI World fi.v&i)gtlism Mission. At Ilie balaiice shtet dale Ilie ai)iouiit due to Redeeiiied Clirisliaii Chu¥¢li of God IRCCGI wgs £16,000 12023. £16,000). RCCG Icliigs Coiji't ClIAyel e.IiAt'ity iio. 1111874 On l Jaiiuai), 2020, 411 assets aiid liabililies of ilie ¢lia1'ilable Irusi RCCG Icings Coul% Chapel Icharily no. I 111874) Yeffj Iiansfeiitd to Iliis in¢oi'pDi2led chdrity by way of a Eifi. Fi'oni Ilial Ilalt oiiwaids, Ihe Main opei'alioiis of Ilic cl)urcli weir condiicted Ilirough the intoi'poi?ted cliaiily.'fiie aini% ttnd objetlives ot the char(Y Irinain uiiclianged. Tlie lease on the piriiii3cs u%ed by th¢ chai'ily for mfiin chai'ilable activitie% expii'¢d in MJY 2022 and ivas 5ield iii Ili¢ Iiame of Ilie chai'ivdble ti'J$l UP to Iliis date. -I'hc neiv lease commeticed on 31 May 2022 aiid is litld in Ilic name of Ilie incoi'poiated cliaiily. To facililai¢ thc conlinued payiiienl ol- IIIL relit on Ilir. old Icase, a single bank accourtl liad beeti kept 0 in Ilie cliariiable Iiusl's iiainc. l.'und5 Iransfciird into Iliis accoiint Iix>ni Ilie incoi'poi'aied cliarity to covci. Ihc quariei'ly l'ent and seTVlCC ¢liai'ge pgyiiienis up 10 fv13y 2022. Apai't from holding Ihe prelljists lesse and faciliialing I'cni payinenls, Ibv cliai'itable I1'iisI lia$ irinlliiied dormant ihi'vughoui 2023 and 2022.. At Ilie bal&ncc slieet dale ilie ainount du¢ Iiuiii IICC(i Kings Courl Cliap¢l Chai'ily no. I 111874 £6712023- £671.
Redc¢nied Cliristiaii Cliurcli of God (RC'C'G) Kings Coiiyt Cliapel Detailed Stale)neTIt of FinaiiciAI Activities for tbe Yeai. Li nded 31 Decembei. 2024 2(k24 Unresti'itttd 2024 I'otAI 2023 Total Iijttsnie Ajid EndOwl¢ll*S froiii: r)nnations and lega¢ies lanalysed beloiv) Cliai'ilable activities lartalysed below) 543,770 812 54J,770 812 627,461 3,803 Total incoime 544,582 544,582 631.264 Exp¢Dditure on: Chai-ithble activiiies {analys¢d below) 1446,0141 1446,014} 1434,7751 'I'otal e%pendtiure 1446,014) 1446,014) 434,7751 Net income 98.568 98.568 196,489 Nei moveniet]t in lunds. 98,568 98,568 196,489 Reconciliatiort of fuiids Total lunds broughi toiiiaiyl Total fijnds carried foiward 875,008 875,008 678,519 973,576 973,576 875,008 Page 22
Redeeiiied Christian Cliui'cli of God (RCCG) Kings Court Chapel Detailed Statement of FÈnaiicixl Activities for tlie Yeai. Ended 31 Deeeinber 2024 2024 Uni'estritt¢d funds 2024 Total 2023 General Total Don8tions Gift Aid tax I'eclaimed 498,119 45,651 498,119 45.651 505,528 121,933 543,770 543,770 627,461 2024 Unre.%tvltted funds 2024 Total 2013 GtntYAI Total Cljni'il¢ible rtcfivilies Events. seminar8 and conf¢ren¢es Missions 812 1112 3,435 368 812 812 3.803 2024 2024 Unro5ti'icte(I TotAI 2023 Genti'al Total Cliurilblt rtclivilEes {ProfIty1055 on disposal ofiangible fixed assels Oiliei. gi'aiits to RLCG Wages and salaries SialTNIC IF.mployei3) SwtTpension5 ID¥fin¢d ¢oniribulionl Ti'aitllTig, book¥, contcreiiccs aiid 5eininais Welfare expenses Ti?vel and otlier cos Honoi?rium 1,570 9,315 1,570 9,315 3,475 12,757 2,392 9,270 2.408 24,261 2,400 12,757 2,392 9,270 2,408 24,261 6,513 2,300 13,120 3,214 28.092 11,382 PaEe 23
Redeeiiied Cliristiaii Cliurch of God (RC.CC.) Kings Coul't Chapel
Detaileil S'talemeiil of l