(Registered Charit> No- THE REDEEMED CHRISTIAN CHURCH OF GOD- CITY OF JOY Trustees, Report and Financial Statements for the year ended 31 March 2025
CONTENTS PAGE Legal and Administrative Details of the Chariti,, its "I"rustees & Adi'isors Trustees, Report Independent Examiner's Report to ihe Financial Statements Statement of Financial Activ'ities Balance Sheet Notes to thc F inancial Stalements
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVI.SERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees AdeiokuntN) Olufunke Adenike Oluwatobi 2. Ed¢m J05¢phin¢ Ekan¢ 3. Bernice Ursula Marcano Chgrity rtRiStered Number Dgte of charitable registrgtio 2r4 Sepiember 2020 Principgl olee address Si. John Ambulance Si. John Anibulance Hall Masseiis RoJd Horley Surre), RH6 7DE Independent F.xomlner A¢¢ouniinb Assisi Ltd CIO Good to Give Lrd 7 Bell Yard WL?A ?JR Bankers Barc13ys Bank I Churchill Place, London E14 5HP
TRUSTEES. REPORT FOR THE YEAR ENDED31 MARCH 2025 The Board of Trusiees, who are the Iwstees for charit). law puryNises, submit their annual rerx)rt and the financial siaiements of I'he Redeemed Chrisiian Church of God - Citi, of Jo>, for the >'ear ended J I March 2025. The Board of Trustees confirnis that the annual reTX)rt and financial statements of the Charity comply with current statutor%' requiretnents. the requirements of the Charity's governing document and the provisions of the Sthiemeni of Recommended Practice (SORP) FRS 102. Strueture. governance and rnanagerntnt The 3 Trustees are: Elernice Uula Marcano Adeiokunbo Olufunke Adenike Oluwatobi Edem Josephine Ek'anem The Trustees plaj. a primary role in ensurinu gOj governance ai)d functioning of the foundation. The Board's role. liin¢iions and r¢sponsibililies ar¢ quit¢ cl¢8rl)' defin¢d. The Charity CUTTently ha5 a strongy team of Adi'isor), ix)ard members in the IJK who have helped to secure financial support and contribute ¢0 the fulure plannii)by ofihe org7w)isalioii. Governing document: The Redeenied Christian Church of God- Cilv of Joy m.as first estsblished on 31 December ?013. The chariiy wa5 subsLquently reuFisiered 1th ihe Charii>' Comniission on ? Scpiember ?O?O (Charity NumbLr'. 119111 I l. The governin&p documenl is a Trusi Deed daled 31 DeceiTJber 2013. as ainended on 8 DeLember 2020. Recruitment and appointmen( of tru5ttts: The charity is governed by a board of trusltts. This is to ensure thai the board has ihe skills and experience required to oversee the managemenl of ihe cliaril). and its operations. The Cliarit), trustees are responsible lor b?eneral control and manas>emeni ofthe Lharii>'. The trustee5 g)ive their time freely and receive no remunerdtion or oiher financial benefits. All new trus1¢¢5 f¢¢¢LV¢ a planned indudion progrnmme b¢for¢ taking up th¢ir plac¢ on th¢ board. This include5 an explanation oftheir roles and responsibilities. an introduction lo other trustee5, an overview ofrecent activities and an explanation of broad forniat and process. Risk Managernent: W¢ arc ¢ommitt¢d to a policy of idcntify'ing. monitoring and managing thc risks that might adv¢rs¢ly affeLt the aLlivities in which M'e a ini'olved. In this Loniexi. risk is defined as the potential io fail to achieve charity. objectives and for loss. financial and repuiational. inherent in the environment in whi¢h w¢ op¢rat¢ in th¢ of th¢ transactions und¢rtak¢n. The principal risk of the charity has been its dendence on voluntar), income. Trustees have initiated various proccs5¢5 to niitigat¢ such risk, so that ihc charit)" has suffi¢i¢nl r¢5¢r¥¢ In th¢ cvcnt of adverse conditionls}. Th¢ trust¢ hav¢ also ¢xamin¢d oth¢r otKrdtional ar busin¢ss risks which th¢y fac¢ and confirni that they have taken steps io miiigaie (he significani risks.
TRUSTEES. REPORT FOR THE YEAR ENDED31 MARCH 2025 Public Bentfit: The Trustees have complied with ihe dury, in Seciion 4 of ihe Charities Aci 2011 and have paid due regard to public benefii ivhen preparing ihis rcwrt. T7 benefit provided ro the public is consistent with thc aitns of thc charity in UK. Objectives #nd activities: To Advance the Christian Religion for the Public Benefit, In accor(Jance with the Tenets of Faith. Advancing the Christian Religion by Providing premises where members of the public can Learn about Religion. All persons are welcome not matter what Race or Religion. Advancing the Christian Religion by Providing premises where members of the public can Learn about Religion. All persons are welcome not matter what Race or Religion. Fin4n¢ial rtwiew: The largest con¢ribulion 10 the charily for ihe year can)e from genernl offerings. The Charity currently aims to designate the total fund received less exFenses for the main objective of the charity. Plans for future periods: The Charity plans io develop various fundraising Siraiegies io include m&ss markeiinb. Besides mass marketing? and events. the charity is arrdnging to achieve lis tar&Je through securing donations from willing? individuals. A development board may be creaied io help include oiher avenues of fundraising io be in¢luded in the yearly programme. StAtemeNt of Board of Tru5tee5' responsibilities The Board of -frustees are responsible for preparing the Annual Rew)rt and the financial Statements in aLcorddllLe with appliLable law and United Kinbdom Generdll) AcLepied Accouniinb Practice. Charity law applicabl¢ to ohariti¢5 in England/Wales requir¢5 the Board of Trustees tg pr¢par¢ rinancial statements for each financial year which give5 a true and fair view of the slate of affairs of the Charil>' and of the surplus or deficii of the Charity for ihat wiod. In preparing those financial stat¢m¢nts th¢ Board of Tru5t¢¢s hav¢.. Selected suitable accounting policies and applied them consistently. Made jLidgments and e5timate5 that are reasonable and prudent. Siaied whether applicable accounling standards have been followed. subjecl to any malerial departUTes disclosed and explained in the flnancial statements- and Prepared ihe financial staiements on a going concem basis (unless it is inappropriate lo presume thai the Charit). will continue in 0ratIon). The Board of Trusttts h&$ overall resw)nsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also reswinsible for keeping proper accounting
TRI,'%TTr.Tr.S' RF.PORT FOR TIIE I'EAR ENDED JI IIARC-112025 rcLiird% whiLh disLlv%¢ w'iih b]L. LUrLy dl dii) iiiijt ilie fJnaiKial 711101) of th¢ C.liarity dnd cnablc IhLm io cn.%urc IliAI Ihl linancial q8lLm¢nls CnTnpl)' w'ith Ihc Ch#riiies Aci 2011. Thcy arc al(} re%p()nsibl¢ lor sal¢guardits¥ thi assL'i% ol'ihe Chariiy and lience for uking ¥e&wt)abk %ieps lor the deieLTivn pM¢J)lion of fra1 and oth¢r itTLgulariiies. The B(iir(J ()f Tru%¢¢¢4 L% tLswnsibli' for IhL' niainitNnLe and inlewity ()f the ¢c)TtxifJiL atyl linancial infornilI1on. Legj jslaiion in the Unii¢d Kin¥(Jvm ¥vuv¢mlThg The prepararlon and di%%¥minaiii)n vr linancial %thicmen14 may diffcr fn)m l¢gislaiiorb in oihcr jiirisdiclions. Si#tement of d15r105ure of Infomilo io Indtptndffil ¢xffllner W¢. th¥ TnL%l¥¢b vlthv Chan"iy who held oifL¢¢ Ji Ihe dale ut'apwo%'AI LTrfthes¢ lu)anciJl Stslemenl gei oui on pabye 2 each c(bnlinn. w far as w¢ ar¢ aw2re. Ihai.. I hLTe is no rele%*nl irtlomitsiion ol which Llianry'% indendeI exuminer are unaware.. and 'C havc illkLn all Ihe NICPS Ihal oughi i(Tr hal'e 18ken as I rusiee4 in Order Iu ii)iike oiiThLIv¢s awdre uf an%. r¢l¢vdni infvmll and 10 &¥thblish IhJl ihe C'hJnly'5 inderLnd¥nl exllminer aw of it1 infomiaiion. Thi$ rew)rt approved by th¢ TTysi¢es on and signed on iheir behlllf by.. 1)8te. 02S-
INDEPENDENT EXAMINER"S REPORT FOR THE YEAR ENDED 31° MARCH 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD- CITY OFJOY. I report on the financial statements of the chariiy for the y&qr ended i l March 20?5 which eomprise Ihe Slatemeni ofFinancial Activities and Balance Sheei wtih associate notes. This report is mad¢ 501¢ly to th¢ charity's Tru5ttts. as a IMKIY. in accordanc¢ wilh scction 145 of th¢ Chariiies Aci *OI l and regulations made under seciion 154 of ihai Aa. M!. 'ork has been undertaken so that I migyht stat¢ io ihc ch8rit} s Trustc¢s thos¢ mattcrs l am rcquir¢d to statc to thcni in an independent exsmiinerfs r¢port and for no oih¢r purpos¢. To ihe fullest ¢xl¢nt trnIll1¢d by law. I do not accept or assume responsibilit). io an)'one oiher ihan ihe chariry, and ihe charity's Trustees as a body, for my exawnination work. RESPECTIVE RESPOiYSIBILITIESOF TRUSTEES AND EXAMIIYER Th¢ charity's Trusi¢¢s ar¢ r¢SnsIble for the pr¢pgraiion of ihe fLnan¢ial $teMents, and ih¢y consider that an audit is noi required for this vear under section 144(21 of ihe Chariiies Act 2011 (the Act) dnd that an independenl examinalion is needed. li is my responsibility to.. Exainine ihe accounts (under Section 145 of ihe Charities Act): To follow the procedures laid down in ihe General Directions given by the Charity Commissioncrs lund¢r Se¢iion 14515Kbl of the Charilies A¢tl: and To State whL¢her partiLulaT matters have coni¢ to my attenlion. Basis of Independent Examiner's report My examination was carried out in accordance wilh the General Direciions byiven by ihe Charity Conimissioners. An examination includes a review ofthe accountingp records kepi bj the Charit>, and a compari50n of ihe accounts presenled wiih those records. li also includes consideration of any unusual iiems or disclosures in the accounts and seekinbtr explanations froni you as trustees concerninb any such matters. The proLedures undenaken do noi provide all the evidence ihai would be required in an audit. and oons¢qu¢ntlY no opinion 15 giv¢n as lo wh¢th¢r lh¢ accounts pr¢s¢nt a 'tru¢ and fair view and the rew)rt is limited io those matters set out in the sthiement below. Indepertdertt Exgrniner's 5tstememt In connection with my examination. no matter has come to my attenlion- l ) whiLh bwives me reasonable cause io lIeVe Ihai in any maierial respeLi the requirements.. to keep accouniing records in accordance wilh seciion 130 ofthe Aci.. and to prepare financial s(a(emen(s thhich accord wilh ihe accountinb¥ records and comply with lh¢ accounting rcquircmcnts of ih¢ Ad have noi been mcl- or 2) to which. in my opinion. aiiention should be drdwn in order to enable a proper UnderSnding of th¢ financial stat¢m¢nt5 to a¢h¢d. Signed.. Dalcd.. 0611012025 Anum HA4¥an. F'CCA On beh; If (Il- AcLiiunting Assist Ltd
STATEMENT OF FINANCIAL ACTIVITIES (Ineorporating ineome and exptnditll aeeount) FOR THE YEAR ENDED31 MARCH 2025 Unrtstricled Restrieted Total Funds Total Funds 2025 21125 2025 2024 IYote$ Incoming resourc(% Donations and legacies Gift Aid Investment Income 107.596 19.591 1,262 107.596 19,591 1,262 39.371 7,585 1,013 Total Incoming resources 128.449 128,449 47,969 Resources expended RaisinL Funds Charitable Activities & Church Running Costs 1,798 1.798 7.420 29,738 29,738 16.568 Financing Costs Governance Costs 12,320 1.8 12.320 1.800 2,265 Total Resources expended 45.656 Movement in total fund for the >'¢ar- Nei income l {extKnditurel For ihe year 82,793 82,793 ?1.716 Fund balan¢e broughi forward 102.876 102.876 81,160 Fund balan¢¢ ¢arri¢d forward 185.669 185.669 102.876
BAI..INC'Tr. %IITr.F.T AS.4T 31 M..IRC"H 2025 21124 2015 2024 2024 FIXF.D ASSF.TS 'I'anbkJbl¢ a%K'Is 354214 4.924 CURRF.NT ASSF.TS t)ebior5 L-asli ai bank Yl¢.X51 CIthDI'I'URS: amoLmlÉ tallin8 due .7.5 X4 -xw EI. CURREIYT A&SETS 97.952 CR Tr-.Iii'r(IR%: amounts ftslling d ul)L'r onL y<T 215.5(M) YF.T ASSTr:TS 1115.th)9 11I2,X7q C'IIAKI I'l &L LlnrL'4lncIL fiinds Re%iricied lunds 185.669 102.875 TU-r.IL FLIND. 102J174 The linanLial %taicnients were arvmved hy Ihe'frusiees signed their behi11f. by. N#me DAte.. Thr notr3 Ott 12- 16 fomi w¢ of thuc financMI siai¢n1cnts
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED31 MARCH 2025 ACCOUNTING POLICIES Basi5 of preparation of financial 5t4tements The financial siaiements have been prepared under ihe historical cosi convention and in aLcordance with Financial RetKTrrting Sthndard 102. Ihe Financial Reporting Stsndard applicabl¢ in th¢ IIK and R¢public of Ir¢land (FRS I O?) and ihc Charitio SORP (FR8 102). The charity is a public bcncfii eniiry as defined b5. FRS 102. The financial siaiemenis present all funds of ihe charity as unrestricied unless a donor has imrK)scd sr¢cific StriCtiOns. Thc accounts havc b¢¢n pr¢par¢d on a conc¢rn basis. Fund accounting General ndS are unresiricied funds which are available for use ai ihe discretion of the Truslc¢s in furth¢ranc¢ of the general objectives of the charit). and which have noi desigjnatcd for other Purposes. Restricted funds are funds which ar¢ io be used in accordance with specific restriciions imp()s¢d bv donors or which have trten raised bl. Ihe charil). for particular purposes. The costs of raisingT and adminisierinuj such funds are charged against the Sc]riC fund. The aim and use of each resiricied fund is sei oui in ihe noies the financial sthiements. In¢oming resources All incominbi resources are included in ihe Siaiemeni of financial aciivities when the charity has eniiilemeni to the funds. ¢¢rtainiy of re¢¢1 and lh¢ aniouni ¢an b¢ measured with sufficienl reliabilily. Donated services or facilities. which comprise donated services. are included in income at a valuaiion which is an esiimaie of the financial cost knme b). the donor where such a cost is quaniifiabl¢ and me&surabl¢. No in¢ome is recognised where th¢r¢ is no financial cost trA)rn¢ by a third party. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recogni.sed al the time of the donation. Re50urce5 expended Expenditure is accounted for on an accruals basis and has been included under expense categorie5 that aggregate all costs for allocation to actii'itie5. Where costs cannot be directly aiiribuied to particular activities. they have been allocated on a basi5 consistent with the use of the resourcLS. Fundraising costs are those incurred in seeking voluntan, contributiOll5 and do not iiiclude the costs of disscminating infoTmalion in support of the charithble actii'ities. Support Costs are Ihose costs incurred directl J. in support of expenditure on the objtS of the charity and include project mana&Jement carried out at Headquarte. Governance c05t5 are those ineurred in conncciion with adminislration of thc charil)" and ¢omplianc¢ willi Constitution and statuiory requiremenis.
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED31 MARCH 2025 (Coniiftued) Grants pa*able are charged in ihe >'ear when the offer is made except in those caseg where the offer is conditional. such grants Ing recognised as exttnditure when the conditions aiiaching are fulfilled. Grdnis offered subjeci io condiiions w,hich have noi been mei at the yearend are noted as a commiimeni bui noi accrued as eypendiiure. 2. VOLUNTARY INCOME 2025 2024 Donations and legacies GiltAid 107.596 19.-591 1.262 39,371 7.585 l.oli Inv¢simeni In¢ome Total Income 128,449 47,969 3. Debtors 2025 2024 Gift Aid Receivable 5.675 Tot¥1 D¢btor$ 5.675 4. Creditor5: amounts falling due '1th1 one ve8r 2025 2024 Othe Loan GIK)d io Give 959 6.626 899 Total Creditors 7J85 899 101 Page
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED31 MARCH 2025 (Coniiftued) 5. Creditors: amounts falling due after one year 2025 2024 Mortgage Loans for Building 188.500 27.IMM) Total Creditors 215JOO 6. Tgngible Flxed Assets TangTibl¢ lixed assets are Stated at COSt less accumulated depreciation. Depreciation 15 PTovided on a strdigihi.line basi5 10 wriie otTihe cosi of asseis over their estin)aied useful lives as follows.. Moior vehicles: 2/0 Sirai¥hi line Depreciaiion ixiures & F ittin85'. 20:.0 Reducing Balance Depreciation Building?s'. 50 years Strdiuyht line {commencing in 20?6 when the property comes into usel Land is noi depreciaied. Motor Vehieles Fiilure5 & Fittings Buildin% Total Cost at l April 2024 6,000 7.395 13.395 Addilions 9il )5?.038 352.969 Cost #t 31 Mareh 2025 6.000 8J26 352.038 366J64 Aceumulated depreciation at l April 2024 (i.600) 14,871) (8.4711 CharbTe for the year Accumulated depreciation &t 31 March 2025 11200) (1,479) (2.679) (4JOO) (6JS0> (11,150) Net book value at 31 March 2025 1200 1,976 352,038 355314 Net K)k Yalue at 31 March 2024 2.400 2,524 4.924
NOTES TO THE FINAIYCIAL STATEMENT FOR THE YEAR ENDED31 MARCH 21125 (Conlinued) 7. RF.SOURCF.S F.XPF.NDF.D 2025 2024 Raising funds Costs of generating donaiions and legacies 1,798 7.420 ChAritable activities & church running expenses Charitable actii'ities direct costs Motor & travel 11,268 1.440 5,329 1,881 4.767 4,423 Rent Property repairs & mainienance Vehicle repairs & main(enance 585 785 2.840 769 20) 3?0 414 General insurances IT. software & related StationeTy & printing SubsLriPtions TelephonL & broadband Sundry Depreciation - fixtures & fillings Depreciation - motor vehicles 222 278 708 210 490 86 91 1.479 1.21K) 2.?98 1.200 Subtotal Ch4ritable actii'ilifs & Church expenses 29.738 Financing costs Mortgagc int¢51 Financing charges 9,4?5 2.895 SvbtotAI Fin4nciThg costs 12J20 Governanf e costs Governance support 1.81M) 2.765 Total resources eipended 45,656 26,253