Registered Charity Number 1184816
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st July, 2024
Redeemed Christian Church of God
Jesus Disciples Centre
Redeemed Christian Church of God Jesus Disciples Centre Contents of The Financial Statements
For The Year Ended 31st July, 2024
| Page | |
|---|---|
| Report of The Trustees | 1 - 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 - 7 |
| Detailed Statement of Financial Activities | 8 |
Redeemed Christian Church of God Jesus Disciples Centre Report Of The Trustees For The Year Ended 31st July, 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number Charity Number:1184816
General Overseer:
Pastor Enoch Adeboye
Minister in Charge:
Pastor Samuel Abraham
Principal address.
338 Wensley Road Reading RG1 6DR
Trustees
Mr Olurotimi Ogidan- Chairman Mrs Imarenakhue Edokpayi Ms June Bugenyi
Independent Examiner
Paperchase Taxation 22b Sydenham Road Sydenham, London SE26 5QW
Bankers
HSBC
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Redeemed Christian Church of God Report of the Trustees For The Year Ended 31st July, 2024
The trustees present their report with the financial statements of the charity for the year ended 31st July, 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014.
STRUCTURE GOVERNANCE AND MANAGEMENT
Description of the charity’s trusts
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006 on 26th April 2011 with a registered charity number 1184816
OBJECTIVES AND ACTIVITIES
A safe place for Christian worship for all people regardless of age, sex, ethnicity.
At the heart of our mission is the commitment to creating a safe and welcoming place for Christian worship—open to all, regardless of age, gender, or ethnicity. Our goal is to foster community, provide support, and inspire hope through a range of impactful initiatives designed to uplift, empower, and bring people together
Engaging with Our Senior Citizens
Since 2018, we have dedicated ourselves to caring for the elderly in our community, ensuring they feel valued and cherished—especially during the holiday season. Each year, on Christmas Day (10 AM - 4 PM), we provide a safe and joyful gathering space where over 100 senior citizens come together to socialise, play games, and enjoy festive activities. They are treated to a delicious Christmas dinner and drinks, followed by the tradition of watching the King’s Speech together. Before heading home, each guest receives a thoughtfully curated goodie bag for tea, spreading warmth and cheer beyond the celebration.
Poverty Relief & Community Befriending
We are deeply committed to alleviating poverty and combating loneliness through our befriending initiatives, which include
Elderly Befriending: Bringing companionship and support to isolated senior citizens
Refugee Support: Assisting refugees in integrating into the UK by helping them navigate the community, complete essential application forms, and access healthcare, schools, and social services.
Youth Engagement: Encouraging the children of refugee families to participate in sports and extracurricular activities, fostering a sense of belonging and development
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Empowering the Next Generation
Leadership Training for BAME Secondary School Students: A 12-month intensive training program designed to equip young people with leadership skills. Participants also gain 70 hours of hands-on work experience in their chosen fields, such as IT, healthcare, and business.
Youth Drop-in Centre (Every Friday): A safe and nurturing space for young people to develop essential life skills, engage in meaningful discussions, and build confidence in their future
JDC Children's Bible Club – ‘Something for Your Kids’
Since December 2022, our Church has been running an engaging and interactive Bible Club for children aged 6-11 during school breaks and holidays. Running from 10 AM to 3 PM, this program is completely free and offers activities including Arts & Crafts, Fun Games & Sports, Music & Dance, Face Painting, Inspirational Bible Stories, Bible Story/Teaching, Nutritious Food & Refreshments
Scripture Union Holiday Sponsorship
The Scripture Union holiday runs during summer yearly; since 2022, we have sponsored local teenagers and families to attend SU holidays. The holiday caters for seekers and people who want to be refreshed in the word of God.
Strategies for achieving objectives
Evangelism, home visit, meeting with the youth every Friday night, Sunday worship, Tuesday - house fellowship/bible study, Thursday - prayer meeting and bible study with the refugees, children ministry
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and appropriate controls are in place to provide reasonable assurance against fraud and error.
FINANCIAL REVIEW
Principal Funding Sources
This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
FUTURE DEVELOPMENTS
The church will continue to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make lifechanging impact in society, plant more parishes and due to the increase in the number of members, our future plan is to accommodate those members and likely additional.
Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:
Mr Olurotimi Ogidan - Chairman
For Trustees
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Redeemed Christian Church of God
Jesus Disciples Centre
For The Year Ended 31st July, 2024
Independent Examiner's Report
To the Trustees of
Redeemed Christian Church of God
I report on the accounts for the year ended 31st July, 2024 set out on pages four to eight.
Respective responsibilities of trustees and examiner The charity's trustees 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. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
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 l45(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 out in the statements below.
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 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act 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.
Abiodun A Adeboyejo (FCCA,ACA,FAIA)
Accountants 22b Sydenham Road London. SE26 5QW
Date................................................
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Redeemed Christian Church of God Jesus Disciples Centre Statement of Financial Activities For The Year Ended 31st July, 2024
| Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 1 62,785 Total Income Resources 62,785 Resources Expended Charitable Activities Physical & Spiritual Need 75,877 Governance Costs 2 500 Total Resources Expended 76,377 NET INCOMING RESOURCES (13,592) RECONCILATION OF FUNDS Total Funds Balances b/fwd 39,798 Total Funds Balances c/fwd 26,206 |
2024 2023 Total Total Fund Fund £ £ 62,785 54,288 62,785 54,288 75,877 55,227 500 500 76,377 55,727 (13,592) (1,439) 39,798 41,237 26,206 39,798 |
|
|---|---|---|
The Notes Form Part of These Financial Statements
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Redeemed Christian Church of God Jesus Disciples Centre Balance Sheet As At 31st July, 2024
| Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 3 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds 4 Unrestricted Funds TOTAL FUNDS |
21,851 - 17,579 13,995 3,584 25,435 25,435 |
2024 2023 Total Total £ £ 21,851 1,464 - - 17,579 43,087 13,995 7,550 3,584 37,563 25,435 39,027 25,435 39,027 25,435 39,027 25,435 39,027 |
|---|---|---|
The financial statements were approved by the Board of Trustees on.................................... and were signed on its behalf by:
Approved by Board of Trustees Mr Olurotimi Ogidan - Chairman
The Notes Form Part of These Financial Statements
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Redeemed Christian Church of God Jesus Disciples Centre
Notes to the Financial Statementss
for the year ended 31 July 2024
ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice (SORP 2015), Accounting and Reporting by Charities (issued July 2014)
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.
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
1 Voluntary Income
| Tithes & Offering | 2024 2023 £ £ 62,785 54,288 62,785 54,288 |
|---|---|
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Redeemed Christian Church of God Jesus Disciples Centre
Notes to the Financial Statementss
for the year ended 31 July 2024
| 2 | Governance Costs | 2024 | 2023 | |
|---|---|---|---|---|
| Accountancy | 500 | 500 | ||
| 500 | 500 | |||
| 4 | Tangible fixed assets | |||
| Fixtures & | Motor | |||
| Fittings | vehicles | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 August 2023 | 1,627 | - | 1,627 | |
| Additions | - | 22,815 | 22,815 | |
| At 31 July 2024 | 1,627 | 22,815 | 24,442 | |
| Depreciation | ||||
| At 1 August 2023 | 163 | - | 163 | |
| Charge for the year | 146 | 2,282 | 2,428 | |
| At 31 July 2024 | 309 | 2,282 | 2,591 | |
| Net book value | ||||
| At 31 July 2024 | 1,318 | 20,533 | 21,851 | |
| At 31 July 2023 | 1,464 | - | 1,464 | |
| 5 | Debtors : Amounts Falling Due within one year | 2024 | 2023 | |
| £ | £ | |||
| Other debtors | - | 2,026 | ||
| - | 2,026 | |||
| 6 | Creditors: amounts falling due within one year | 2024 | 2023 | |
| £ | £ | |||
| Amounts owed to group undertakings and undertakings | in which the | |||
| company has a participating interest | 13,495 | 7,050 | ||
| Other Creditors | 500 | 500 | ||
| 13,995 | 7,550 |
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Redeemed Christian Church of God Jesus Disciples Centre
Notes to the Financial Statementss
for the year ended 31 July 2024
| Net | ||||
|---|---|---|---|---|
| Movement | ||||
| 4 | Movement in Funds | At 01 08 23 | In Funds | At 31 07 24 |
| £ | £ | £ | ||
| General fund | 39,027 | (13,592) | 25,435 | |
| TOTAL FUNDS | 39,027 | (13,592) | 25,435 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| Resources | Expended | Funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 62,785 | 76,377 | (13,592) | |
| Total Fund | 62,785 | 76,377 | (13,592) |
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Redeemed Christian Church of God Jesus Disciples Centre Detailed Statement Of Financial Activities For The Year Ended 31st July, 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Fund | Fund | |||
| £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||
| Tithes, offerings & thanksgiving | 62,785.00 | 62,785.00 | 54,288.00 | |
| Total Incoming Resources | 62,785.00 | - | 62,785.00 | 54,288.00 |
| RESOURCES EXPENDED | ||||
| Charitable Activities | ||||
| Welfare | 8,745.00 | 8,745.00 | 2,984.00 | |
| Books & Printing | 78.00 | 78.00 | - | |
| Honorarium & volunteer | 3,003.00 | 3,003.00 | 2,280.00 | |
| Pastoral allowances | 7,000.00 | 7,000.00 | - | |
| WEM | 8,472.00 | 8,472.00 | 7,050.00 | |
| Travelling and subsistence | 3,866.00 | 3,866.00 | 1,382.00 | |
| Printing, postage & stationery | 672.00 | 672.00 | 821.00 | |
| Retreat/Community Project/Evangelism | 1,135.00 | 1,135.00 | 10,285.00 | |
| Church expenses | 10,854.00 | 10,854.00 | 4,047.00 | |
| Telephone and Internet | 324.00 | 324.00 | - | |
| Bank charges | 70.00 | 70.00 | ||
| 44,219.00 | - | 44,219.00 | 28,849.00 | |
| Governance Costs | ||||
| Accountancy fees | 500.00 | 500.00 | 500.00 | |
| 500.00 | - | 500.00 | 500.00 | |
| Support Costs Management | ||||
| Rent & rates | 17,906.00 | 17,906.00 | 18,452.00 | |
| Insurance | 1,914.00 | 1,914.00 | 159.00 | |
| Repairs & maintenance | 30.00 | 30.00 | 120.00 | |
| Members' Training | 5,165.00 | 5,165.00 | 4,335.00 | |
| Motor expenses | 504.00 | 504.00 | ||
| IT / Software | 591.00 | 591.00 | 415.00 | |
| Equipment Expenses | 3,120.00 | 3,120.00 | 2,734.00 | |
| Depreciation charge | 2,428.00 | 2,428.00 | 163.00 | |
| 31,658.00 | - | 31,658.00 | 26,378.00 | |
| TOTAL RESOURCES EXPENDED | 76,377.00 | - | 76,377.00 | 55,727.00 |
| NET INCOME | (13,592) | - | (13,592) | (1,439) |
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