THE REDEEMED CHRISTIAN CHURCH OF GOD, PENIEL COURT
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
CHARITY NO: 1185305
COMPANY NO: 11975351

TtLe Redeemed Ctsrl¥tiAn Chureh of God, Penlel Court
Finattelal st*temeLts for the year ended 31 May 2024
Contents
Legal and Adminstrative Inforniatio
Report of the Trustees
ststement of Trustees Resp)nsibilities
Independent Acc(Juntant RepDrt
Statement of Finaticial Activities
Balance Sheet
Notes to the Accounts
12- 15

Ttse Redtemed Cbrl¥tiAn Chuteh of God, Penlel Court
Finanelal st*tement8 for the ytar ended 31 May 2024
Adttthilstratlve Inforn￿tIOll
Charlty Name..
The Redeemed Christian Church of God, Peniel Court
Charlty Reg18tratlon flumber:
1185305
Company Number:
11975351
Registered Office Addr•M:
100, Lincoln Road, Erith, DA8 2DT
Mrg Ogheneochuko George
Mr Oladapo Olorunsola-Biias
Mr Owolewa D￿￿￿EnDI&
Accountant:
Motab consult£￿eY Limited
52 Alexandra Road
Erith
DA8 2BA
Bankers:
Barclays Batik PIC
Page I

Ttse Redetmed Chrlstithtt Chutelk of God, Penlel Court
Report of the trn¥tee¥ for the Ye￿ ettded 31 Mthy 2024
TtLe charity's area of operation and UK charitable re%istr&tion
The Redeemed Christian Church of God IRCCGI Peniel Court is a patish under the RCCG Worldwide
Church with the primary obJectLve to leach out to all about the Christian faith with a focus within the
Borough of Dartford and its imTnediate environs.
The charity is registered with the Charity Commission in Eng]and & Wales ICCEW) with the charity
nutnber 1185305.
Leg￿ gtrn¢tur¢ of th¢ ¢haTtty
The charity is constituted as a company limited by war8nte¢, registered wider the Companies Acts.
The governing document of the charity is the Memorandum and Artides of Association establishing
the company under company legisLqtion, dated 2nd May 2019.
There are no restrictions in the goveming documents on the operation of the charity or on its
investment powers other than tho$e imposed by tharity law.
B) Law all trustees are directors under COmp£￿ieS Act 2006 L￿d all directors are trustees under
Charities Act and have respon8ibilitie8 such, utider both compatiy and charity legislation.
Ttse followkng per$ots4 served as trustees durlng the perlod etsded 31 May 2024:_
The tru$iees who tserved as tmstees in ihe reporiing period are a$ showm on page I, and there were
no changes during the year, or in the period between the period end and the approva] of the account$.
Our Alms and ObJeetlve$
Purpose and
The objects of the Ch￿ltY are..
al To advance the christian faith in accordance with the statement of belief appeanng in the schedule
hereto in Wilmington, Kent, Dartford and such other Parts of the United Kingdom or the world as the
trustees Tray from tirne to time think fit and to fijlfil such other PUTposes which are exclusively
tharitable according to the law of England and Wales tmd are tonnected with the charitable work of
the charity.
bl To relieve persons who are in need, hard8hip, aged or sick and to re]ieve the distress caused
thereby in the said location £￿d in such other parts of the United KingdonL or the world as the
trustees rnay from tirne to tirne think fit.
Ensuring our work delivers our
We hope to review our aims, objectives and activitie8 each year. This review will look at what we have
achieved and the outconies of our work with the pre￿Ou5 12 months. The review will look at the success
of each key activity and the benefits they have brought to those groups of people they are set up to heLp.
The review also help us ensure our airn. objectives and activities ren)ain fo¢used on our Stated purposes.
We have referred to the guid]E￿Ce contained in the Charity Comrnisgioii'g general guidance on public
benefit when reviewing our aitn and objeetives and in planning our fr)￿re activities. In particular, the
trnstees con$idei how planned activities will contribute to the aims and objectives they have set.
Page 2

The Redeemed Chrl¥tiAtt Chutelk of (lod, Penlel Court
Report of the trn¥tte¥ for the Ye￿ ettded 31 MAY 2024
T&e focus of our work
Our main objective since our inaugutation has been to continually explore irnmediate community
and environrneTht with the Niew to add relevance and be a soutce of support in the Wilmington, and
Dartford comTrunity. The strategies we have applied to meet this objective include".
l. Provision of weekly church services on Sutidays and Thursdays prayer meetings to minister to the
physical, spiritual and n￿terIal needs of the people.
2. ProM$ion of special events and meetings to meet the spetific need$ of target groups in the
community such as Men, Women, Youths and Children, through engaging uryth them in outreach
actLVjties.
3. Provision of material support to ￿ernberS of the conununity undergoing f￿anCIaL di￿lCultieS.
4. Working with other ¢hri$tian agencies and churehes in the Borough and its en￿rOn$ to advance
the preaching of the gospel.
5. Provision of pastoral care for the ￿eMberS and other Trernbers of the comrnunity.
6. Empowering our Youths to be world changers through provision of Christian leadership trainings
and eommunity engagement activities.
A¢tlvltles undertaken In the year
The charity continued to boost her online presence in addition to th¢ physical worship location in
WihAington Ctrmmunity Chuith where we meet every Sunday afternoon for hybiid service.
- We also continued our f￿anCIal and matetiai support to fami]ies lespecially widow81 wuthin
outside the Community.
Peniel Court continued her participation in the Wilrnington Village Comrnunity F￿r organised by the
ParisEL Council in August 2023 where we engL4ed a￿d interacted with the eommuThity. The charity was
given the opportunity during the 2023 fair to minister in songs and also gave out free bibles and other
Christian litera￿reS to willing mernbers of the public.
During the yuletide season, our way of sharing the love of C￿lSt during this period, RCCG Peniel
Court made cash donations to the folLowing charities- Dartford Foodbank, The Salvation Ar￿y, and the
Community Needs Foundation in Tha￿esme&d. We also made clothing and toiietress donations to
Slade Green Foudbank.
charity also Trade donations of Chtistmas gift vouchers to iesidents of the YMCA hostel in Dartford.
We also Tnade cash donations to 8Otne of the identified widows in our books during Christmas.
- As a pE￿ish of the Redeemed Christian Church of Gi>d worLdwide, RCCG Peniel Court continued her
regula￿ support to the RCCG Global outreach by ensuring that our monthly contribution to the World
EvangelisTr Mission IWEMI fund through the RCCG CentraL o￿lCe here in the UK.
Page 3

The Redeemed ChrIstl￿ Church of God, Penlel Court
Report of the tru6tee8 for the year ended 31 MAY 2024
wtw Used atsd benetlttd from our serri￿P
Our church services presented with both the regulat congregant and the NTrsitoi or seeker in mind.
We minister to the physical, mental and spiiitual needs of the member$ in our services giving specific
eonsideration to the seekers or new comers in our midst who may not nete$$arily have a thurch
background and as such may not understand the proces$e$ and procedure$ of christianiry.
We also helped in the relief of poverty and hardship 2unongst both regular and irreguLar congregants
who suffered one forrn of finE￿claI hArdship or the other due to the living cost crisis of the nation
occasioned by the ongoing Russia-Ukr￿The war.
How our actiTritie& deliver public benefit
Our main activities and who we try to help are described beLow. All our charitable activities focus on
the advancement of the Christian religion, the re]ief of poverty and sickness in the society.
a. Ministering every week ta the spiritual needs af the penple through bible study, prayer meetings,
and eounselling sessions.
b. Our focus as a ministry and church is the outreach for souls.
Volunteer
The charity depends on the support of its volunteers, which is rnuch appreciated. The volunteers are
involved it] senryce provision L￿d administrLltion. The chatity has si¥ volunteers È￿d they put in about
1,000 volunteer hours. The Yolunteeis and cELatity accept £￿d agree that no contrLlCt of eTrploiryneTht
is created by the voLunteei arrangement.
stThcture, Governance and ManaKement
TILe method8 U8ed to re¢rult and appolnt new ¢harlty tru8tee•
The directors who are also trustees for the purpose of charity law oversee the strategc diiection of the
charity and due to the nature of church work the trustees have been selected based on their faith,
tharaeter, $kill$ set in management, growth and commitment to the vision of the charity. The charity
continues to enjoy the support of the current set of trustees.
TILe pollcl¢• and procedures for the Inductton and tsalnlng of trustees
All of the trustees are already familiar with the practical workings of the charity, as they currently serve
in similar capacities in other eharities. Trustees are required and encouraged to attend series of short
training sessions to familiarise themselves with the eharity £￿d the context within whieh it operates.
TILe charAty'8 organh&tlonal structure
The charity is governed by a board of trustees elected to serve and run its affairs. The trustees meet
regularLy £￿d at times on ad-hoe basis, to nLqnage the affairs of the Church. The trustees assisted
by the minister-in-chatge and ehurch leaders.
How the charity makeB declslona and how deelslons are delegated
The board of trustees meet bi-annually are responsible for the strategic direetion and policy of the
Ch￿lty. A schenie of delegation is in plaee L￿d the ILqy to day responsibility lor the provision of services
rests with the mini8ter-in-charge. He is ably assisted by the church leadership £￿d other volunteers.
Page 4

The Redeemed Chrlstlan Church of God, Penlel Court
Report of the tru8tee8 for the year etsded 31 May 2024
RelAted pArty ￿latIO￿&111pts
The charity is a paTish of the The Redee]ned ChTiStian Church of God - a network co]nprised of
parishes all over the world. There is agreement of common putpose entered into by The Redeemed
Christian Church of God, Peniel Court artd The Redeemed Christian Church of GcKi Worldwde which
documents this.
During Ihe period ended, voluntary income was £30,8491£18,006 in 20231 while expediture for the year was
£14,863 IZI 1,293 in 20231. The net movement in funds for the period as shown in the $tatement of financial
activities wa$ £15,9861£6,7 13 in 20231. The value of net assets at 31st May 2024 is £61,328 IU5,092 in 20231
Polleles ots re8erve8
The board of trustee$ have examined the charity's requirement for re$erve$ in light of the risks to the
Charity. It has e$tabli$hed a wlicy whereby the unre$rricted funds not committed or inve$red in
tangible fixed a$$ets to be held by the ¢harity Should be between 3 to 6 month$ of the expenditure.
The expenditure for the year is £14,863, therefore the targeted reserve should be between £L5,425
£7,712 in general funds. The reserves are needed to rneet the working capit3J requiiernent of the
chatity and the trustees are confident that at this level, they will be able to continue the current
attivities of the charity in the event of a signific¥mt drop in funding. This general reserve policy as
been met.
The charitable activities are totally dependable on voluntary donations. A5 a consequence, the going
LQ)ncein bd$is is dependent on the future Ilow of these uncertain funding $tieam. Atcordingiy the
trustees have obtained and reiryewed forecasts for future periods till May 2024 to ascertain going
concern basis. They are $ati$fied at the tirne of approving the finaftcial statements, that it 1$ appropriate
to adopr the going ¢oncern l)asi$ in preparing tht fjnancial statements.
Prlnclpal fundatsg Sources
This is provided mairtly through voluntary tithes and offerings by the church members during church
service$, and bank transfers. Pledges are also takerl for specific project$. Additional source of income
in the year was through gift aid.
Plan8 for the ￿tllre
As the chanty has now relocated back to the c0￿munIty, we will through physical presence
Lvntinue to be mc)re intentional in our community engagement programs. We ￿11 al$0 cofttinue to
maintain our online presence in reachitig out to more people iti fulfilment of our objective of the
advan￿ment of the christi£￿ faith..
- We ￿￿11 and/or in ojllaboration with other liked minded charities, organise conferences a￿d
seminars for mernbers and the public1c0￿Munlty with a view to ernpDweTing and equipping them
for economic, social and leadership roleslre$pon$ibilities.
The ch￿lty will continue to identify and cater for the needs of its members, irnniediate cornniunity
EU]d the UK in general. This will be in terms of Continued care and support to w'idows, L￿d identified
family llLembers in need due to the high cost of living.
Continue to collaborate with other chariries rhat have the $ame aims and obje¢tives $0 a$ to enhan¢e
our serviee delivery to the public and further our public ￿nefit purpose to the community and soeiety.
Page 5

Ttse Redetmed Chrlstithtt Chutelk of God, Penlel Court
Report of the trn¥tee¥ for the ye&t ettded 31 MAY 2024
R*¥ponslbilltlts¥ of the Tru¥t*t¥lDlreetors
The charity's trustees are responsible for the preparation of accounts in accordance with the terms
of the Companies Act 2006, Charities Act 2011 and the Chaiities IAccounts and Reportsl Regulations
2008, and follow current best practice and prepare the account$ according to FRS 102 SORP 2015
Istatement of Recommended Practice for A¢¢ounting and Reporting by Charitiesl 2015, as amended by
the bulletin i$$ued in October 2018 and applicable to all accounting period$ beginning oft or after
1st January 20191. (The SORPI.
In particular, the Companies Act 2006 L￿d chatity law requires the trustees to prepare financial
statements for each financial year which give a true and fail view of the state of affairs of the
chaTity as at the balance sheet date and of it$ incoming resources and applications of resourtes,
including income and expenditure, for the financial year. In preparing those financial statements the
trustees are required to
prepare the accounts in aCcord2￿Ce with United KingdonL Generally Accepted Accounting Practice
(United Kingdom Accoutingstandards and applicable lawl.,
select suitable accounting policies and then apply them consistently,.
ke judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the on going tontern basis unless it is inappropriate to presume
that the eh&rity will tontinue on that basis",
state whether applicable accounting standards and $tatements ofrecommended praetiee have been
followed, Subject to any material departures disclosed and explaitted in the financial statements.
The trustees are also responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of the chatity and enables them to en￿￿e
that the financial statements comply with the Companies Act 2006 and the iegulations made under
the Chatities Act. The trustees are also responsible foi safeguarding the assets of the Chatity and
henee for taking reasonable $tep$ ftri the prevention and detection of fraud and other irteBularities.
Members of the Board ofTrn¥tee8
Members of the boaid of trustees, and trustees for the purpose of charity law, who setved
dunng the year and up to the date of this report are set out on p8ge l.
In accord£￿Ce with charity law, &8 trustees, we certify that..
So far as we are aware, there is no relevant infomation of whith the company's accountants
are unaware of., and as the trustees of the charity we have taken all Steps that we ought to have
taken in order to make ourselves aware of any relevant inforniation and to establish that the
Charity's accountants are aware of that information.
Page 6

The Redeemed ChrIstl￿ Chureh of (lod, Penlel Court
Report of the tru8tee8 for the year etsded 31 MAY 2024
VAethod of preparntion of accounts - small compllny Provi￿)n8
The financial staternents are set out on pages 9 to I l.
The financial statements have been prepared implementing the FRS 102 SORP Istatefflent of
RecO￿￿ended Practice foi Accounting and RepoRting by Charities) 2015, las a￿eTrded by the bulletin
issued in October 20113 and applicable to all accounting periods beginning on or after 1st January 20 191,
lThe SORP), and in accordance with the Finantial Reporting Standard 102,leffertive 1st January 20161
These financial statement$ have been prepared in accordance Thith the provi$ion$ in Part 15 of the
Companies Act 2006, applicable to cornpanies subject to the srnall companies regime.
This report has been approved by the board of trustees on 23 February 2025.
Mrs D￿eneD¢bukO George
Director/Tiustee
Mr Owolewa DarÉunola
DirectoF/Trustee
Page 7

Ttse Redeemed Chrlstithtt Chut¢lk of God, Penlel Court
Independent ￿tsU￿tant'S report for tbe year ended 31 2024
We report on the financial statements ofThe Redeemed Christian Chureh of God, Peniel Court for the
year ended 31 May 2024 which u)mprise the Statement of Pinancial Activities, the Income and
Expenditure Ac¢ount, the Balance Sheet and the related notes to the financial statements, including
a Summary ol significant ac¢ounting policie$. In our opinion, the a￿0mpanY1ng fLnaneial statements of
the Charitable company are prepared. in all material respects. in accordance tvith the Companies Act
2006 and with the charity law applicable within the jurisdiction of Et]gland & Wales and the aceoutit8
have been preparedin accordance to FRS102 SORP ISLqtement ol Recommended Practice for
Accounting and Reporting by Ch£witiesl 2015, as Eunended by the bulletin issued in October 2018 L￿d
applicable to all 2￿coUntIng periods beginning on or after 1st Janu2uy 20191. lThe SORP), published
by the Chatity Con]mission in England & Wales ICCEWI, effective January 2016, under the historical
cost convention, in accoidance the accounting po]icies set out on page 12, which franiewoik
constitutes the app]icable United KingdouL Generally Accepted Accounting Practice.
Respe¢tlve responslblutles of trustee8ldlrectors and the ac¢ountatst
As described on page 6, you, the charitable Company tru$tee$, who are al$0 directors of the company
for the purpo$e of Company Law are responsible for the preparation of the accounts.
The trnsteeg consider that the audit requirement of Seetion14411l of the Charities Act 2011 (the Act)
does not apply. and that there is no requirement in the memorandum and articles of the charity for
the conducting of an audit, and that the accounts do not require audit in acCord￿ce with Part 16
of the COn]p£￿IeS Act 2006 and th&t no member or members have requested ELn audit pursuant to
Section 476 of the Companies Act 2006. The trustees also consider the charitable cotnpany to be
exempt frorn the requitrement to be subject to independent examit]ation.
Our responsibility IS to prepare accounts upon the basis of the infor]nation supplied to us, without
conducting aJ]y fortnal scruitiny.
No Statement of oplnlots
We have not carried out any audit procedure and have relied upon information supplied to us by the
twstees, and the information supplied bv the tru$rees in the (x)urst of tht examination is not
subjected to audit Le$t$ or enquiries, and ¢onsequently we do not express an audit or other assurance
opinion on the view given by the accounts.
Motab Cortts
rtcy Limited
Charteied Accountants
52 Alexandra Road
Erith
DA8 2BA
23 February 2025
Page 8

Ttse Redeemed Chrlstithn Church of God, Penlel Court
8t&tement of Flttatsei￿ ActlFltle8 Iltteludltsg Ineomt Atsd Expe1￿{tUre Aeeoutttl for the year
etsded 31 rw 2024
2024
2023
Utttetstrieted
Fllnd
Rektrieted
Fundw total Funds
Notes
Total Fund8
Income
Incotne and etsdowtunetsts frotn:
Donatiotib
Total Income
30,849
30,849
30,849
30,849
18,006
18,006
Expendltwe on:
CharitabLe activities
Total ￿penditure
14,863
14,863
14.863
14.863
11,293
11,293
Net income for the year
15,986
15.986
6,713
Net Income after transfer
15.986
15.986
6.713
Net movement In fund•
15,986
15,986
6.718
Reeoncijiation of funds:
Total fllnds brought fonvard
Adjustrnent against reserve
45,092
250
45.092
250
38,379
Total funds carrled forward
61,328
61,328
45,092
As requiied by paragtagh 4.60 of the SORP, the brought fO￿vard and c3Jried forward funds above have
been agreed to the balance sheet.
This statement of fu￿claI activities includes alL gains and losses in the year.
All activities derive from continuing operations.
The notes attaehed on pages 12 to 15 form integral part of these ￿Ount8
Page 9

The Redeemed Chrlstlan Church of God, Penlel Court
Ineotne and Expendlture Account for the year ended 31 May 2024 as requlred by
the Companle8 Act 2006
2024
2023
Income
Income from operations
30.849
18,006
Gross Income In the year befort exceptlonal Itern
30,849
18.006
Ex¢eptltstt•J itsm¥:
Rea]ised gains on disposal of t£￿gible assets held for the charity's own use
Gro8¥ th¢ome In the year kn¢Ludkng exceptlonAI Items
Expendltmte
e.haritahle. expenditure, excluding depreciation
Depwiation
Governance costs
14,537
126
200
10,278
815
200
Total expendlture for the year
14.863
Net incorne before in the f￿ancIal year
15,986
6.713
on sutplus on ordinary activities
flet lttcome after Its ttse Anan¢knl year
15.986
6.713
Retained 8urylui for the f￿anCial year
15,986
All activities derive from continuing operations.
In &ccordL￿ce with the provision8 of the comp£￿ieS Act 2006, the headings £￿d subheadings used in
the Inconie and Expenditure Aecount have been adapted to refleet the special nature of the charity's
activities.
The notes attached on pages 12 to 15 form an integral part of these a¢counts
Page 10

Ttse Redeemed Chrlstithn Church of God. Penltsl Court
Balattee Sheet *8 at 31 MAY 2024
2024
2023
Fixed ￿ets
Tangible assets
Ilote¥
501
Current &S8ets
Debtors
Cash ai bank amd in hand
905
905
65.446
49,736
Credltors
io
Net current a88ets
60.827
45,092
Net assets
61,328
45,092
Unre$trleted futsds:
Unrestricied revenue fund
61,328
45,092
Total fund
61,328
45,092
As required by paragragh 4.60 of the SORP, the brought forward and eatried lorward funds above have
been agreed to the SOFA.
The directo[$ are satisfied that the company is entitled to exemption from the requirement to obtain
an audit under section 477 of the Companies Act 2006.
The ￿ernber8 have not required the company to obtain an audit in accordance with section 476 of the
Act.
The directors L￿knoW1edge their resposibiLty for Co￿pIyIng with the requiremeL]ts ol the Companie8
Act 2006 with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions in Part 15 of the
Companies Act 2006, applicable to the small companies regime.
Mrs Ogheneochuko George
Director/Trustee
Approved by the board of trustees on 23 FebruLUy 2025
Mr OwoLewa Daramola
DirectorlTrustee
The notes attsched on pages 12 to 15 form an integral part of these accounts
Page 11

Ttse Redeemed Chrlstithtt Chutelk of God, Penlel Court
Notets fornilng part of the fjnanelal st*temettt8 for the ytar ended 31 May 2024
l. A¢¢ountlng Poll¢les
The principa] aceounting policies are summarised below. The accounting policies have been applied
consistently throughout the year in the preceding ye￿.
lal Ba8ts of preparatlon and a¢¢ountlng eonventlo
The aeeounts have been prepared on the accrual basis, under the historieal cost conventiott. and in accordance
&ccordanee with the Financial Reporting Standard 102, leffective 1st January 20161 and FRS 102 SORP
IStLltement of Recommended PIE4Ctice for Accounting and reporting by Charitie512015, las amended by the
Bulletin issued in Ortober 2018 and applicable to all peTI￿S be&nning on or after 1st January 20191. IThe
SORry. published by the Charity Commission in Ertglartd & Wales ICCEWI. effeetive January 2016. and in
&ccordanee with all applicable law in the ciwitys jurisdiction of registration, except that the chlirity I￿&
prepared the f￿ancial statement in accordance Thith the FRS 102 SORP 2015, las s￿ended by the Bulletin
issued in October 2018 and applicable to allaccounting periods bewnning on or after 1st January 20191. IThe
SORPI. In preferets¢e ¢0 the previous SORP. the SORP 2005. Ivhich a$ beert withdrawrt Aotwlth$vdrtdittg the fa¢t
that the extant statutory regulations, the Charities IAccounts and Reports) Regulations 2008 refer expjicitiy
to the SORP 2005. This as been done to accord with current be8t practice.
Ibl Fund A¢¢ountlng
Unrestrieted funds are available for use at the discretion of the trustees in furtherance of the general objeetives
of the charity. Unrestricted funds may include a rev8luation reseTh?e representing the restatement of illvestment
assets at mELrket values where applicable.
Desiwated funds are unre3tricted funds earmarked by the trustees for particular PUTpDses.
Restricted funds are subjected to regtrictiong on their expenditure imposed by the donor or through the terms
of an appeal.
Icl Nature. ¢ategorle8 and recognltlon of In¢ome
l ineomes are Included in the statement of fiwdttei￿ aetivities when the charity is entitled to the ￿t￿me and
the amount Can be qu£￿tified with reasonable &ccuracy.
Thefoliowlng speclfic polldes are applieci to partlcular cat6gorles ollnconw."
Voluntary income is receivfd hy way of 8rants. donations and gifts and is included in full in the stateTnent of
rittarteial aetlvlties whett reeeivtable. Grartts. whtre entitlement IS conditional on the delivery of a specifie
performance by the charity, are recognised when the charity becomes uneonditionally entitled to the gr£￿t.
Donated sevéices and facilities Are included at the value to the charity where this CÉ￿ be quantified.
Idl Volunt¢ero
In accordance with the SORP, and in recognition of the ditTiculties in placing a monetary value on the 8ervice8
from volunteers, the contribution of volunteers is not incLuded within the income of the charity.
lel Recognltlon of Ilabllltles and ezpendlture
A liability [￿d the related expenditure is recognised whet) a legal constructive obligatiot) exists as a result of
past event and when it is more likely than not that & transfer of economic benefit will be Fequired in setdement
and wheA the amount of the objigatiort bt mtasured or reliably estimated.
Liabilities arising froTn future funding commitments and constructive obligations, where the tiniing or the
amount of the future expenditure required to $et¢le the oblig2tion are un¢ervdirt. ￿ve ritse to a provi$iott in the
accounts, whieh 18 reviewed at the aecouttting year end.
Ifl Flxed a88ets
Fixed assets ale st￿tea at ¢ost less 4¢¢UTnu14tEd depreciation. Depre¢iatitrn is provided at rates calculated to
write the cost of each asset over its expeeted useful life, which in cases is estimated at 5 years.
Page 12

The Redeemed Chrlstlan Church of God, Penlel Court
Notes formlng part of the finandal stat¢ments for the year ended 81 May 2024
2. Donations
UDre&tricted Restricted
2024
2023
Tithes & Offering
Thanksgiving
Others
Gift aid
Total donation
15,501
680
85
14,583
30,849
15.501
680
85
14,583
30,849
17,211
690
105
18.006
3. Charltable expendlture
Church
Work
Cost
Costs
2024
2023
Chthrlttsble c4etlvltÉes
Ministry to$ts
11,130
11,130
11.130
11.130
6,4¥0
6,480
Support costs
Administiation
Premises
Others
558
2.550
S58
2.550
425
3.533
885
2,700
425
425
8,108
4,613
Professional fees
200
200
200
200
200
200
Total Charltable ezpendltwe
14.238
425
200
14.863
11,293
4. Ilet surylus before tax in the Ilnanclal ye
2024
2023
This is Stated after charging..
Depreciation
126
126
815
815
5. IA¢ome and txpetsdlttsre aeeouttt
2024
2023
At l June 2023
Surplus after t2LK for the year
At 31 May 2024
4S,092
15,986
61.078
38,379
6,713
45,092
6. T￿￿tee$ remuneratlon & related pay tratwetlon6
Neither the trnstees or any persons connected ivith them received any remuneration during the year.
7. Tazation
As a charity, The Redeemed Chritstian Chureh of God, Peniel Court is exempt from taxation in respeet
(Jf inc(Jme r)r eapitsl gains received within categi)ries Cljvered by Chapter 3, part I l Df the Corporation
TLLY Act 2010 or s256 of the T&xation of Chargeable Gains Act 1992, to the extent that these are applied
exclusively to its charitable objects and for no other putpose. No tax charges have atisen in the charity.
Page 13

The Redeemed Chrlstlan Church of God, Penlel Court
Notes formlng part of the finandal stat¢ments for the year ended 81 May 2024
8. Tangible r￿ed as&ets
Music
Equipment
Media
Equip]nent
otfice PUr￿ltL￿e &
Equipment
Fittings
Total
COST
At l June 2023
Additions iti the period
At 3 1 May 2024
DEPRECJATJON
Ar i June 2023
Charge for the period
At 3 1 May 2024
flET BOOK VALUE
AL 3 1 May 2023
2,310
527
335
627
962
159
3,331
627
3.958
2,310
S27
159
2,310
527
335
126
461
159
3,331
126
3,457
2,310
527
159
At 31 May 2024
501
501
9. Debtors
2024
2023
Debtors
905
90S
905
90S
10. Credltor8
2024
2023
Ac¢rual$ - Ac¢ountan¢y fee$
Creditors - WEM & COF
Others
1.300
2,673
646
4,619
1,300
2,449
895
4,644
11. Anaiysls of net ao8ets between fund8
Unregtrlcted
Funds
Restrleted
Funds
2024
2023
Tangible fixed a$set$
Current assets
Current liabi]ities
Net &&set& at 31 May 2024
501
65,446
14,6191
61,328
501
6S,446
14.6191
61,328
49,736
14.6441
45,092
12. m￿￿t￿entS In funds
At l AdJu8tmetst
June
A￿illst
Reserves
At31
IncomlnK OutKOill%
Resourees Re8our¢es
2023
2024
R¢otsl¢t¢d fund•
Total restricted funds
UnrestrA¢ted ￿ndS
45,092
250
30,849
14,863
61,328
Total unrestricted funds
45,092
250
30,849
14,863
61,328
Totdi funds
45,092
250
30.849
14.863
61,328
Page 14

TILe Redeemed ChrA&tlan Church of God Penlel Court
Income and Expendlture Accowit for the year ended 31 May 2024
2024
2023
Intome
30,849
18,006
LESS EXPENDtfuR
Mljhtstry costs - eharltable actlvltles
vctttIEvangelism
Travel
Entertainment
Musician
923
1,239
92
300
3,751
597
426
WEM & COF
FOL
Welf£￿e & gifts
Donation to charities
Honorariu
4,157
loo
450
750
1,133
3,692
11.130
6.480
Support Cost8 - ¢h&tltable a¢tlvltles
Premtses Costs
Rent
2.SSO
2,700
Admlnl$tratlon
Printing arjd stationery
Postage
Subscription
Books & manuals
IT expen8es
80
500
96
238
144
558
150
144
885
other eosts
Depreciation
Training
Sundry
126
250
49
42S
815
200
1.028
Governance costs - eharltable a¢tlvltle6
Accountancy fees
Professional & consultancy fee$
200
200
200
200
Surplus for the year
Surplus brouglLt fonvord
Adjustment ￿ainst reserve
Surplus carrled forward
15,986
45,092
250
61,328
6,713
38,379
4S,092
Page 15