Registered Charity Number 1193281
THE REDEEMED CHRISTIAN CHURCH OF GOD HIS GLORY PAVILION Unaudited Financial Statements For The Year Ended 30th April, 2024
Redeemed Christian Church of God
Redeemed Christian Church of God - HIS GLORY PAVILION
Redeemed Christian Church of God - HIS GLORY PAVILION Report Of The Trustees For The Year Ended 30th April, 2024
REFERENCE AND ADMINISTRATIVE DETAILS Charity Number : 1193281
Chairman:
Principal address.
GOLDSMITHS COMMUNITY CENTRE CASTILLON ROAD LONDON SE6 1QD
Worship Address.
GOLDSMITHS COMMUNITY CENTRE CASTILLON ROAD LONDON SE6 1QD
Trustees
Olubiyi Nathaniel Alade Sarah Abosede Adesina Eton Timmy Larry
Bankers
BARCKLAYS BANK
Independent Examiner
Paperchase Taxation 24a Sydenham Road Sydenham, London SE26 5QW
Redeemed Christian Church of God - HIS GLORY PAVILION Contents of The Financial Statements For The Year Ended 30th April, 2024
| Page | |
|---|---|
| Report of The Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 - 6 |
| Detailed Statement of Financial Activities | 7 |
THE REDEEMED CHRISTIAN CHURCH OF GOD HIS GLORY PAVILION Unaudited Financial Statements For The Year Ended 30th April, 2024
The Trustees present their annual report together with the financial statements of The Redeemed Christian Church of God His Glory Pavilion- (the church) for the year ended 30 April 2024. The Trustees confirm that the annual report and financial statements of the church comply with the current statutory requirements, the requirements of the church's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
STRUCTURE GOVERNANCE AND MANAGEMENT
Description of the charity’s trusts
Governing document: Trust deed The charity is a trust Trustee selection is by appointment
OBJECTIVES AND ACTIVITIES
The Charity’s objects are:
The advancement of the Christian Faith The relief of poverty
A safe place for Christian worship for all people regardless of age, sex, ethnicity. Free Christmas meal (cook meal) for the Senior citizens. We provided support to people .
RISK MANAGEMENT
The Trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measure taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Service check (DBS) training undertaken and, supported by regularly reviewed policies are done for all those who work with children or other vulnerable groups with the Charity.
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
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 life- changing 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:
....................................................... Olubiyi Nathaniel Alade For Trustees
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Redeemed Christian Church of God Redeemed Christian Church of God - HIS GLORY PAVILION 30th April, 2024
Independent Examiner's Report
To the Trustees
I report on the accounts for the year ended 30th April, 2024 set out on pages five to ten.
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 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 24A Sydenham Road London. SE26 5QW
Date................................................
2
Redeemed Christian Church of God - HIS GLORY PAVILION Statement of Financial Activities For the year ended 30th April, 2024
| Notes Income Resources Incoming Resources From Generated Funds Voluntary Income 1 Other Income Bank interest received Total Income Resources Resources Expended Physical & Spiritual Need Governance Costs 2 Total Resources Expended NET INCOMING RESOURCES RECONCILATION OF FUNDS Total Funds Balances b/fwd Total Funds Balances c/fwd |
Notes | Unrestricted £ 27,066 13,471 - 40,537 26,004 650 26,654 13,883 - 3,846 17,729 |
Restricted £ - - - - - - - |
2024 2023 Total Total Fund Fund £ £ 27,066 18,668 13,471 - - - 40,537 18,668 26,004 14,172 650 650 26,654 14,822 13,883 3,846 3,846 17,729 3,846 |
|---|---|---|---|---|
| - |
The Notes Form Part of These Financial Statements
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Redeemed Christian Church of God Redeemed Christian Church of God - HIS GLORY PAVILION Balance Sheet
as at 30 April 2024
| Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Debtors 4 Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 5 Amounts Falling Due after one Year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds 6 Unrestricted Funds TOTAL FUNDS |
Unrestricted Funds Restricted Funds 78 5,630 24,933 12,447 - 18,116 18,194 18,194 |
2024 2023 Total Funds Total Funds £ £ 78 97 5,630 2,630 24,933 2,334 12,447 750 - - 18,116 4,214 18,194 4,311 18,194 4,311 18,194 4,311 18,194 4,311 |
|---|---|---|
The financial statements were approved by the Board of Trustees on................................... and were signed on its behalf by:
Approved by Board of Trustees
The Notes Form Part of These Financial Statements
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Redeemed Christian Church of God - HIS GLORY PAVILION Notes to the Financial Statementss for the year ended 30 April 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, 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.
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 & Thanksgiving Other Income Interest Receivable 2 GOVERNANCE COSTS Accountancy |
2024 2023 £ £ 27,066 18,668 13,471 - - - 40,537 18,668 2024 2023 650 650 650 650 |
|---|---|
3 Tangible fixed assets
Choir Eqiupments £
Cost At 1 May 2023
145
5
Redeemed Christian Church of God - HIS GLORY PAVILION Notes to the Financial Statementss for the year ended 30 April 2024
| At 30 April 2024 Depreciation At 1 May 2023 Charge for the year At 30 April 2024 Net book value At 30 April 2024 At 30 April 2023 4 Debtors : Amounts Falling Due within one year 2024 £ Other debtors 5,630 5,630 5 Creditors: amounts falling due within one year 2024 £ Trade Creditors 950 Other Creditors - 12,447 6 Movement in Funds At 01 05 2023 Net Movement In Funds £ £ Unrestrictedfunds 4,311 13,883 TOTAL FUNDS 4,311 13,883 Net movement in funds, included in the above are as follows: Incoming Resources Resources Expended £ £ Unrestricted funds General fund 40,537 26,654 Total Fund 40,537 26,654 |
145 |
|---|---|
| 48 19 |
|
| 67 | |
| 78 | |
| 97 | |
| 2023 £ 2,630 |
|
| 2,630 | |
| 2023 £ 300 450 750 |
|
| At 30 04 2024 £ 18,194 |
|
| 18,194 | |
| Movement in Funds £ 13,883 |
|
| 13,883 |
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Redeemed Christian Church of God - HIS GLORY PAVILION Detailed Statement Of Financial Activities For The Year Ended 30th April, 2024
| INCOMING RESOURCES Tithes & Offering Other income Total Incoming Resources RESOURCES EXPENDED Charitable Activities Donations & Gifts Honorarium & Volunteer WEM & Central Funding Printing, postage & stationery Church expenses Members' welfare and training Governance Costs Accountancy fees Support Costs Management Rent Insurance Repairs & maintenance Motor expenses Software / Web Design Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME |
2024 2023 Total Fund Total Fund Fund £ £ 27,066.00 18,668.00 13,471.00 - |
|---|---|
| 40,537.00 18,668.00 |
|
| 2,800.00 1,100.00 890.00 300.00 505.00 1,212.00 150.00 108.00 15,270.00 5,429.00 551.00 819.00 |
|
| 20,166.00 8,968.00 |
|
| 650.00 650.00 |
|
| 650.00 650.00 |
|
| 3,196.00 3,487.00 982.00 859.00 86.00 - 1,205.00 834.00 350.00 - 19.00 24.00 |
|
| 5,838.00 5,204.00 |
|
| 26,654.00 14,822.00 |
|
| 13,883.00 3,846.00 |
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