RCCG AMBASSADORS FOR LIBERTY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28[th] FEBRUARY 2024
CHARITY NUMBER: 1193063
RCCG AMBASSADORS FOR LIBERTY LTD (A COMPANY LIMITED BY GUARANTEE)
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 28[th] February 2024
ADDRESS FOR CORRESPONDENCE
21 Fyfields Pitsea, Basildon Essex SS13 1HJ
REGISTERED COMPANY NUMBER 11184142
GOVERNING DOCUMENT
MEMORANDUM & ARTICLES OF ASSOCIATION Incorporated 2[nd] February 2018
TRUSTEES/ DIRECTORS
Adewale Kosoko Abimbola Leonard Adebola Adeola Dilalat Alaran
PRINCIPAL BANKERS
National Westminster Bank plc 250 Bishopgate London EC2M 4AA
ACCOUNTANTS
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM SURREY CR4 3FH
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RCCG AMBASSADORS FOR LIBERTY LTD 21 FYFIELDS PITSEA BASILDON ESSEX SS13 1HU
INDEX Page Legal & Administrative Details 1 Index 2 Director’s Report 3 Accountant’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 10
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THE REDEEMED CHRISTIAN CHURCH OF GOD AMBASSADORS FOR LIBERTY
TRUSTEES’ REPORT YEAR ENDED 28[TH] FEBRUARY 2024
The trustees are pleased to present their report for the year ended 28[TH] February 2024 for the charity, THE REDEEMED CHRISTIAN CHURCH OF GOD AMBASSADORS FOR LIBERTY with Charity Number 1193063.
The Trustees of the charity are: Adewale Kosoko Ambimbola Leonard Adebola Adeola Dilalat Alaran
The principal address of the charity is: 21 Fyfields, Pitsea Basildon, Essex SS13 1HJ
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a Memorandum and Articles of Association that was incorporated 2[nd] February 2018 as amended on 9[TH] December 2020 .The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation is the advancement of the Christian faith worldwide. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation held successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The church has been holding its services in new premises. This has proven to be successful as they continue to engage with many more people in the community with their church activities. The church was able to acquire local grants which assisted with engaging with their community and helping members of the community in supporting them in areas of need.
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FINANCIAL REVIEW
The income of the charity is above £52,300. This is a higher amount than last year and the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for its hire of its church hall services and the expenses on its community projects.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 22[nd] August 2025 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
THE REDEEMED CHRISTIAN CHURCH OF GOD AMBASSADORS FOR LIBERTY
I report on the accounts of the church for the year ended 28[st ] February 2025 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles road Mitcham Surrey CR4 3FH
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RCCG AMBASSADORS FOR LIBERTY
Statement of Financial Activities for the year ended 28th FEBRUARY 2025
| Restricted | **Unrestrcted ** | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |||
| Incoming Resources from | Note | £ | £ | £ | £ | |
| generated funds | ||||||
| Donations and Legacies | 2 | 27000 | 18763 | 45763 | 36960 | |
| Investment income | 3 | 0 | 0 | 0 | 0 | |
| 27000 | 18763 | 45763 | 36960 | |||
| Other Income | 0 | 6970 | 6970 | 0 | ||
| Total Incoming | 27000 | 25733 | 52733 | 36960 | ||
| Resources | ||||||
| Resources Expended | ||||||
| Charitable activities in furtherance of objectives | ||||||
| Charitable Activities | 5 | 27,021 | 19421 | 46,442 | 26915 | |
| Other | 4 | 3141 | 3141 | 8246 | ||
| Total Resources | 27,021 | 22562 | 49,583 | 35161 | ||
| Expended | ||||||
| Net movement in funds | -21 | 3,171 | 3,150 | 1799 | ||
| Reconciliation of Funds | ||||||
| Total Funds brought forward | 10431 | 3874 | 14305 | 12506 | ||
| Total Funds carried forward | 10,410 | 7,045 | 17,455 | 14305 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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RCCG AMBASSADORS FOR LIBERTY Balance Sheet as at 28th February 2025
| Note | 2025 | 2024 | ||
|---|---|---|---|---|
| Fixed Assets | £ | £ | ||
| Tangible fixed assets | 5 | 1689 | 2110 | |
| 1689 | 2110 | |||
| Current Assets | ||||
| Cash at bank and | 15646 | 12675 | ||
| in hand | ||||
| Debtors & prepayments | 600 | 0 | ||
| 16246 | 12675 | |||
| Creditors:amounts falling due within one year | ||||
| Creditors & accruals | 8 | 480 | 480 | |
| Net Current Assets | 15766 | 12195 | ||
| Net Assets | 17455 | 14305 | ||
| Unrestricted Funds | 7045 | 3874 | ||
| Restricted Funds | 10410 | 10431 | ||
| TOTAL FUNDS | 17455 | 14305 |
- (a) For the year ended 28th February 2025 RCCG AMBASSADORS FOR LIBERTY was entitled to exemption from audit under section 477
of the Companies Actrelating to small companies. Directors' responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by board of directors on :
And signed on their behalf by Adewale Kosoko (Director)
Signature:________
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RCCG AMBASSADORS FOR LIBERTY LTD (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28[TH] FEBRUARY 2025
1) Accounting Policies 1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with:
The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted.
1.4 No changes to the accounting estimates have occurred in the reporting period
- 1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP).
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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RCCG AMBASSADORS FOR LIBERTY LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28[TH] FEBRUARY 2025
Creditors
The organisation has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the organisation
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
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RCCG AMBASSADORS FOR LIBERTY LTD
Notes to the accounts for year ended 28th February 2025
2 Voluntary Income
| Restricted | Unrestricted | Total funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | ||||
| Church collections | £ | £ | £ | ||||
| Donations | 18763 | 18763 | 21960 | ||||
| Grants | 27000 | 27000 | 15000 | ||||
| Total | 27000 | 18763 | 45763 | 36960 | |||
| **3 ** | Investment income | ||||||
| Unrestricted | Total funds | ||||||
| Funds £ | 2025/£ | 2024/£ | |||||
| Bank Interest | 0 | 0 | 0 | ||||
| **4 ** | Other | 2025/£ | 2024/£ | ||||
| Festival of Life Donations | 300 | ||||||
| WEM Donations | 1347 | ||||||
| RCCG Donations | 1494 | 8246 | Supporting Charity | ||||
| 3141 | 8246 | ||||||
| **5 ** | Tangible Fixed Assets | Instrument | Fix & fitts | Equipment Total | 2025 | ||
| Cost | £ | £ | £ | £ | |||
| At 02/02/2024 | 1754 | 319 | 2496 | 4569 | |||
| Additions | 0 | 0 | 0 | 0 | |||
| At 28/02/2025 | 1754 | 319 | 2496 | 4569 | |||
| Depreciation | |||||||
| At 02/02/2024 | 930 | 234 | 1295 | 2459 | |||
| charge for the year | 164 | 17 | 240 | 421 | |||
| At 28/02/2025 | 1094 | 251 | 1535 | 2880 | |||
| Net Book Value at 28/02/2025 | 660 | 68 | 961 | 1689 | |||
| Net Book Value at 02/02/2024 | 824 | 85 | 1201 | 2110 |
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RCCG AMBASSADORS FOR LIBERTY LTD Notes to the accounts for year ended 28th February 2025
6 Cost of Activities in furtherance of Charitable Objectives
| 2025/£ | 2024/£ | ||
|---|---|---|---|
| Restricted | Unrestricted | ||
| Training Costs | 0 | 950 | |
| Conference costs | 2880 | 1620 | |
| Depreciation | 421 | 527 | |
| Admin | 346 | 759 | |
| Church Supplies | 2672 | 1501 | |
| Speakers expenses | 800 | 1041 | |
| Professional fees | 6418 | 144 | 119 |
| Hotel | 4000 | 150 | 0 |
| Printing & Advertising | 328 | 2480 | |
| Media Services | 787 | 139 | |
| Consultancy fees | 254 | 3375 | |
| Accounting Services | 1297 | 421 | |
| Subscriptions | 0 | 157 | |
| Music services | 0 | 0 | |
| Telephone | 0 | 154 | |
| Refreshments | 4141 | 992 | 0 |
| Travel costs | 0 | 847 | |
| Outreach costs | 12462 | 1292 | 6967 |
| Hall Hire | 5100 | 0 | |
| Insurance | 393 | 374 | |
| PAYE costs | 524 | 2013 | |
| Staff costs | 941 | 3471 | |
| Welfare | 100 | 0 | |
| Total | 27021 | 19421 | 26915 |
Staff
The organisation had 1 employee. All other work was undertaken by volunteers.
9 Creditors: amounts falling due within one year
| Creditors Total |
£ £ 2025 2024 480 480 480 480 |
|---|---|
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