2024-12-31-accounts - The Redeemed Christian Church Of God Zion Hill Burton

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TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

Charity number: 1190718

1 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

CHURCH ACTIVITIES FOR THE YEAR

The Redeemed Christian of God Zion Hill Burton is a branch of Redeemed Christian church of God worldwide. The Board of trustee provides strategic leadership and directions for the church. There are currently three serving members in the board of Trustees

General Overseer Pastor E.A Adeboye

Trustees

AKINWANDE OLUSEGUN ADEYEMO

Hezekiah Abidemi Shodeinde AZEEZ OLADUNMOYE OWABOYE

Charity registered number 1204662

Registered Office 32 Kingsgate Road Derby DE73 6XA

Independent examiner

Accounts Aid Ltd, 158 old Kent SE1 5TY

2 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2024

RECENT EVENTS

There are major changes to the charity in 2023, the church was incorporated on 23 august 2023 with share capital Use of limited exception. The church also bought a new property at Thomas Sykes building Anglesey Road Burton-on -Trent, Staffs DE14 3PF with intension of redecorate and expanding it to accommodating more members. Most of the expenses of this relate year relate to the survey and expansion of this new property. The charity Redeemed Christian church of God charity number 1190718 is now incorporated with new charity number 1204662 and company number 15091101 and the total assets is now transfer to the incorporated charity. The old charity Redeemed Christiam Church Zion hill will be dissolved shortly.

The aim and purpose of The Redeemed Christian church of God Zion Hill Burton is to promote the Christian religion through activities and events recommended and approved by the leadership of the charity and has identified and approved the following as our main aims:

To spread the gospel of Jesus Christ across the nations through effective face to face evangelism, use of the media including the internet, radio and television and publication of materials or other literatures for the promoting and spreading of the gospel
To build a godly community through identifying people’s social and spiritual needs and facilitating ways to meet those needs
To actively engage in a continuous collective global community based evangelical works to raise disciples in the different communities across the nations for the continuation of God’s work within the local communities
To co-operate with other churches or similar bodies for the relief of poverty and for other charitable purposes that are for the benefit of mankind.
To relief poverty
To advance education for the benefit of disadvantaged children

OBJECTIVES AND ACTIVITIES

Objectives and activities

The Redeemed Christian Church of God Zion Burton is committed to enabling and empowering people in the community to serve their purpose through:

Affording the knowledge of God to the community at large through evangelistic work and encouraging people to worship with us and seek eternal life salvation through the Lord Jesus Christ

3 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31[ST] DECEMBER 2024

Working with other churches with similar objectives to achieve greater results in enabling and empowering people through the word of God and in offering practical help and assistance to the needy
Congregational community and missionary work including offering practical help, advice and assistance to the homeless, unemployed and others that are less able in the society
Enlightening congregation members and the community at large with the gospel of Jesus Christ through face-to-face evangelism, weekly Radio and TV broadcast, publication of teaching materials on the worldwide web, face to face bible studies and weekly prayer meetings
Providing necessary support to new converts to grow and develop in their new found faith through effective pastoral care
Community wide empowerment projects for the benefit of mankind in the wider community

THE CHURCH ACTIVITIES FOR THE YEAR

The trustees will be winding up the charity this year and replaced by a newly registered Charity. Therefore, all assets of the charity will be transfer to the newly formed charity. One of the most strategies achievements of the charity is the purchase of its own church facilities at a cost of£235,000.

On the planning our activities for the year, The Redeemed Christian Church of God Zion Hill Burton has considered the Commissioner guidance on public benefit and in particular the specific guidance on charities for the advancement of religion. For wider public benefit purposes, the Charity in the course of the year has actively engaged in both congregational and community wide activities that are geared towards promoting social inclusion and empowering people to live a sustainable Christian life. Amongst them are;

Weekly worship, prayer meetings and bible studies
Community wide evangelistic outreach and missionary work
Advancement of the Christian religion by promoting knowledge of salvation through
Christ with face-to-face evangelism, publication of teaching materials on the World Wide Web and regular TV and radio broadcast
Provision of pastoral care for the congregation, local community and new converts to help them live a sustainable life in their new found faith

In carrying out our activities both within and outside our worship centre, we always ensure that we do not compromise the core principles of our statement of faith as set out in our governing

constitution.

4 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

REVIEW OF ACTIVITIES AND PERFORMANCES

The post activities of corona virus have not hampered our continuous dedication to impact the community we serve. Despite the lack of increase to our face-to-face regular members, we have continued as before to provide people in the community at large the opportunity to become members of our church to serve in a ministry dedicated to life changing teachings and support, worship, prayers and global evangelism and community missionary work. The achievements and performances are further elaborated below:

Worship and Prayer

We hold regular prayer and Bible studies. The combinations of these meetings have helped members to grow tremendously in their faith and in turn has helped improved their commitment to provide a godly service to the wider community at large.

Community wide evangelistic and missionary work

We have continued with advancing the Christian religion through evangelism and also through distribution of our church flyers to the local community to encourage people attends our service and become members of our church

Advancement of the Christian religion

The Redeemed Christian church of God Zion Burton in the course of the year dedicated itself to the advancement of the Christian religion through face-to-face congregational teachings, community evangelistic and missionary work, publication of teaching materials for public use and in particular by spreading the gospel through media and multimedia channels such as world wide web. The overall objective of charity is to take the church beyond the four corner walls and actively spread the gospel of Jesus Christ across the globe through face-to-face practical teachings, effective media ministry and also by engaging in various charitable objects that are beneficial to mankind.

Provision of pastoral care

The Charity puts the welfare of its congregation and the community it serves at the heart of its yearly objectives. During the course of the year, The Redeemed Christian of God Zion Burton in collaboration with the founder and senior pastor organised visits to members houses who were unable to attend service due to one reason or the other, organised group intercessory prayers for the community and nations and through the Communitywide project provided

5 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

THE TRUSTEES’ REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2024

advice, assistance and wider support to the public at large on matters relating to homelessness, unemployment and other societal maladies.

Empowering people through join working relationship with other churches

Through active evangelism and effective networking approach, The Redeemed Christian church of God Zion Burton has over the years managed to form and maintained a meaningful joint working relationship with other ministries that has similar objectives for the purpose of empowering people in the community at large.

The Charity as a ministry continues to impact and change lives through it various objectives

The trustees present their annual report together with the unaudited financial statements of the charity for the year ended 31[st] December 2024. The Trustees confirm that the Annual Report and financial statements of the charity comply with the current statutory requirements, the requirements of the Charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.

REVIEW OF FINANCIAL POSITION

The financial statements covered the operation of The Redeemed Christian Church of God Zion Hill Burton and they have been prepared in accordance with the requirements of the 2005 Statement of Recommended Practice (SORP)

For the year ended 31[st] December 2024, the financial activities show total incoming resources of £171,794 which is total tithes and offering donations received from members and gift aid This was used mainly on charitable activities and total expenditure amounted to £85,147. We closed the year with a net profit of £86,647. There is net balance of £3270. The account balance for the year is £91,645.

STATEMENT OF TRUSTEE’S RESPONSIBILITIES

The trustees are responsible for preparing the Trustee’s report and the financial statement s in accordance with applicable law.

6 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently.
Observe the methods and principle in the Charity SORP.
Make judgments and estimates that are reasonable and prudent.
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity, hence taking reasonable steps for the prevention and detection of fraud and other irregularities

THE TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31[ST] DECEMBER 2024

This report was approved by the Trustees on 1[st] 28 October 2025 and signed on their behalf, by:

…………………… …………………………….

Hezekiah Abidemi Shodeinde Mrs Remilekun Odetoyinbo

7 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

INDEPENDENT EXAMINER’S REPORT OF THE MEMBERS OF REDEEMED CHRISTIAN CHURCH OF GOD ZION HILL BURTON

We report on the financial statements for the year ended 31[st] December 2024 which are set out in pages 8 to 10. This report is made solely to the Charity’s Trustees, as a body.

Respective responsibilities of trustees and examiner

As explained more fully in the Trustees’ responsibilities statement, the Trustees are responsible for the preparation of the financial statements.

The charity’s trustee consider that an audit is not required for this financial statement (under section43 (2) of the Charity Commission (under section 43(7) (b) of the Act), and to state whether particular matters have come to our attention.

Basis of Independent examiner’s report

Our examination was carried out in accordance with Charity SORP. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required

8 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31[ST] DECEMBER 2024

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 statement below.

Independent examiner’s statement

In the course of our examination, no matter has come to our attention: which indicates that:

Adequate accounting records have not been kept;
The financial statements are not in agreement with the accounting records
We have not received all the information and explanations we require for our audit.

Julius Olaogun AFA MIPA

For and on behalf of

ACCOUNTS AID LTD CHARTERED ACCOUNTANTS AND TAX CONSULTANTS 158 OLD KENT ROAD LONDON, SE1 5TY

9 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31[ST] DECEMBER 2024

Unrestricted funds £ 145,867 25,927	Restricte d funds £ 11,270 - 771	Endowme nt funds £ - -	Total 2024 157,137 25,927 771	Total 2023 £ 88,882 21,297
171,794	12,041		183,835	110,179
85,147	8000		93,147	44,780
85,147	8,000		93,147	44,780
86,647 -	3,270 -	-	89,917	65,399
86,647 86,798	3,270 0	-	89,917 86,798	65,399 21,399 86,798
173,441	3,270		176715

10 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

li The Redeemed Christian Church of God Zion Hill Burton.. Trustees, Report and Financial Statements 2024

STATEMENT OF ASSETS AND LIABILITIES AS AT 31[ST] DECEMBER 2024

STATEMENT OF ASSETS AND LIABILITIES

Unrestricted funds £	Restricted funds £	Endowment Total funds 2024 2023 £ £ £
235,000		235,000 - 235,500
91,645	-	37,145
- -	- -	- - - - - -
-	-	- - -

-	-	- - -
	-	- - -

14,850	-	- 14850 9,771

-	-	- - -

12 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 202 4

1.ACCOUNTING POLICIES

Basis of preparation of account

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom Accounting Standard, the Statement of Recommended Practice " Accounting and Reporting by charities" issued in March 2005 (SORP 2005) and the Company Act 2006

Cash flow statement

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1

(revised) from including a cash flow statement in the financial statements on the ground that

the charity is small.

Fixed assets

All fixed assets are initially recorded at cost

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value over the useful economic life of the asset, however no depreciation is charge for the current period.

Taxation

The charity is exempt from Income on its charitable activities but is not exempt from Value

13 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] DECEMBER 2024

Unrestricted funds £ 145,867 25,927	Restricted funds £ 11,270 - 771	Endowment Total funds 2024 £ £ - -
171,794	12,041	183,835
16,910 7,494 99 617 11,955 131 1,100 1,200 3,657 861 1500 270 1,050 15,171 295 990 815 924 5,784 9,245 5,079	80000	16,910 7,494 99 617 11,955 80,000 131 1,100 1,200 3,657 861 1500 270 1,050 15,171 295 990 815 924 5,784 9,245 5,079
85,147	80000	165,147

14 The Redeemed Christian Church of God Zion Hill Burton: Trustees’ Report and Financial Statements 2024