## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
Charity registered number:
1194722
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
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## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
|CONTENTS
Trustee's Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts|Page
3-5
6
7
8-9
10 – 13|
|---|---|
1
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERSFOR THE YEAR ENDED
31 DECEMBER 2023
|General Overseer:|Pastor E A Adeboye|
|---|---|
|Trustees;|Afolabi Bewaji|
||Adeyemi Asekun|
||Olubola Okuneye|
|Pastor in Charge:|Pastor Oladun Ajanaku|
|Charity registered number:|1194722|
|Register Office:|Little Waltham Memorial hall|
||15, Brook Hill|
||Chelmsford, Essex|
||CM3 3LN|
||United Kingdom|
|Bankers:|Barclays Bank|
|Church worship address:|Little Waltham Memorial hall|
||15, Brook Hill|
||Chelmsford, Essex|
||CM3 3LN|
||United Kingdom|
|Independent Examiner:|JOS ACOUNTANTS LIMITED|
||Unit 3, 51-57 High Street South|
||East Ham, London|
||E6 6EJ|
||United Kingdom|
2
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND present their report and Financial Statements for the period ended 31[st] December 2023 which have been prepared in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in October 2000 and Revised SORP 2005.
## **Structure, Governance and Management**
## a. CONSTITUTION
The church is constituted under a Trust deed dated 8 June 2021 and is a registered charity with charity registration number 1194722.
## b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
New trustees are elected based on the contribution that they will make to the governance of the organization and the skills that they will contribute. They are provided with copies of the Charity Commission's guidance to trustees and introduced the activities of the charity by the existing board.
c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Existing trustees are provided with training as and when required.
## d. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The board of Trustees is headed by a Chairman, the Secretary to the trust and a Financial Administrator. All the present employees of the Charity are voluntary workers. The Trustees are responsible for making all decisions regarding allocation of fund and activities.
## e. RELATED PARTY RELATIONSHIPS
THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND is a parish of The Redeemed Christian Church of God - a network comprised of parishes all over the world. There is an agreement for common purposes entered by THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND with The Redeemed Christian Church of God which documents this relationship.
## **Objectives and Activities**
## a. POLICIES AND OBJECTIVES
The charity's objects are:
1 The advancement of the Christian religion worldwide; and 2 The relief of poverty.
It pursues these objects by the operation of a Christian worship Centre at Little Waltham Memorial Hall, 15 Brook Hill, Little Waltham, CHELMSFORD, CM3 3LN
## b. ACTIVITIES FOR ACHIEVING OBJECTIVES
The major activities that contributed to the achievement of these objectives were:
- We are now back in church. Our weekly progams are still online.
- We engaged in promoting our Christian faith which included special prayers and counseling, Christian mentoring and teaching programs and distribution of leaflets with Christian messages.
- Organising retreat for Christian workers training
- Other activities to help raise the commitments of the charity in the local community included, youth seminars, Marriage Seminars, Couples Evening, Mothers' and father's days were held online.
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## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER 2023 - CONT’D
## c. GRANT MAKING POLICIES
Grants are made to other charitable bodies. The church supports missionary organizations such as the Festival of Life, the World Evangelism Mission, and other missions and projects within and outside the UK. The church also provides support to members of the congregation who are in need based on the guided policy of the charity.
## d.VOLUNTEERS
The church is grateful and happy with the commitment and efforts of its volunteers who are involved in services provision. The church has 25 active volunteers, committed to working in various departments in the church. The church continues to train its volunteers to ensure qualitative deliveries
## e. RISK MANAGEMENT
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate against exposures to the major risks.
## **Achievements and performance**
In addition to spreading the Christianity faith in our community, the Charity is also organizing yearly retreats for the members. This is a breakthrough for the church in imparting positively the volunteers and members of the church.
## **Review of Transactions and Financial Position .**
|Gross Income
Net movement of funds
**Net book value**|2023|2022
£
23,257
(630)
**16,173**|
|---|---|---|
||£
43,512
8,453
**24,626**||
## **Plans for Future developments**
In the coming year, the Charity plans to continue to get more involved in the community activities by reaching out to the Homeless and other vulnerable members of the community, by providing basic needs like foods items and others as may be within the church financial power.
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## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER 2023- CONT’D
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the
Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the Church and of the surplus or deficit of the Church for that period. In preparing these financial statements, the Trustees are required to:
• select suitable accounting policies and then apply them consistently.
• 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 church will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Independent Examiner**
The Trustees appointed JOS Accountants as the Charity’s independent examiner. A resolution for reappointment as independent examiner will be proposed during the Trustees meeting.
This report was approved by the trustees and signed on its behalf by:
-----------------------------------------------(Signed/Date)
Afolabi Bewaji (Trustee/ Chairman)
5
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
## INDEPENDENT EXAMINERS REPORT
We have examined the financial statements, which comprise the financial activities, the balance sheet, the related notes, and the accounting policies of THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND for the period ended 31[st] December 2023.
## **Respective responsibilities of trustees and independent examiner**
As described on page 3, the trustees are responsible for the preparation of the financial statements. It is my responsibility to carry out an examination of those financial statements and to issue a report based on that examination.
## **Scope of examination**
I conducted my examination in accordance with directions given by the Charity Commissioners under section 43(7)(b) of the Charities Act 1993. An examination is limited to enquiries of the charity's personnel and analytical and review procedures applied to financial data and this provides less assurance than an audit. I have not performed an audit, and accordingly, I do not express an audit opinion.
## **Independent examiner's statement**
Regarding our examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that in any material respect the requirements:
• To keep accounting records in accordance with section 41 of the Act; and
• To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
2. To which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
26/10/2024 ------------------------------------------ (signed and dated) Onasanya Ogundele JOS ACCOUNTANTS LTD Unit 3, 51-57 High Street South East Ham, London E6 6EJ United Kingdom
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## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
|INCOME & ENDOWMENT
Donations and legacies
Other Income
EXPENDITURE ON:
Total charitable activities
Governance costs
Excess/(deficit) Income
Funds brought forward|NOTES
2
6
7|Current year
Current year
Current year
Prior year
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
£
43,512
-
43,512
23,257
-|
|---|---|---|
|||43,512
-
43,512
23,257|
|||34,384
-
34,384
23,887
675
-
675
-|
|||35,059
-
35,059
23,887|
|||8,453
-
8,453
(630)
16,173
-
16,173
16,803|
|||**24,626**
**- 24,626**
**16,173**|
The notes thereon form an integral part of the accounts
7
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
|BALANCE SHEET
AS AT 31 DECEMBER 2023
Assets:
**Current assets**
Gift aid receivables
Cash & bank
Creditors: Amount falling due
within one year
Net working capital
Financed by:
General Funds|NOTES
8
9|Current year
Current year
Current year
Prior year
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
£
-
-
-
7,743
-
7,743
-
17,756
-
17,756
16,173|
|---|---|---|
|||25,499
-
25,499
16,173|
|||873
-
873
-|
|||24,626
-
24,626
16,173|
|||**24,626**
**- 24,626**
**16,173**|
||||
|||**24,626**
**- 24,626**
**16,173**|
The notes thereon form integral part of the accounts
8
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
BALANCE SHEET 31 DECEMBER 2023– CONT’D
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
-----------------------------------------------(Signed/Date)
Afolabi Bewaji (Trustee/ Chairman)
--------------------------------------Signed/Dated Adeyemi Asekun (Trustee/Secretary)
9
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023
## 1 **Accounting Policies:**
The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom with the application of FRSSE and the Statement of Recommended Practice, “Accounting and Reporting by
Charities” (“SORP 2000 and SORP 2005”) issued by the Charity Commission. A summary of the principal accounting policies, which have been applied consistently, is set out below.
## a) Basis of Preparation of Financial Statements
The financial statements are prepared under the historic cost convention and include the results of the Charity's operations, which are described in the Trustees Report, all of which are continuing.
## b) Comparative Figures
Comparative figures are shown on the statement of accounts of the charity for the balance sheet (previous account is a statement of affairs) figures only. Comparative figures are not shown as this is the first accounts of the charity after the registration.
## c) In-coming Resources
All income is credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable.
## d) Restricted funds
Restricted funds are to be used for specific purposes as specified within the objects of the Charity. Expenditure, which meets these criteria, will be identified to the fund, together with a fair allocation of management and support costs. There was no restricted fund during the year.
## e) Unrestricted Funds
Unrestricted funds are donations and other incomes received or generated for the objects of the Charity without further specified purpose and are available for general funds.
## f) Resources Expended
Direct Charitable Expenditure includes all expenditure incurred by the Charity in direct pursuit of its charitable objectives.
Governance expenditure includes all costs not directly related to the Charitable activities and cannot be allocated to direct charitable expenditure.
## g) Donated Services and Gifts in Kind
The value of donated services and gifts in kind provided to the THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND is recognised in the statement of financial activities and in the balance sheet at their value to the charity, as determined by the Trustees, in the period in which they are receivable, and where the benefit is both quantifiable and material.
10
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
NOTES TO THE ACCOUNTS ENDED 31 DECEMBER 2023 CONT'D
Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015
|NOTES
2
**Donations, grants and legacies**
Tithe & Offering
Other donation
Gift Aid receivable
Retreat donation
Other Income
3
**Charitable activities- Direct**
**spending**
Outreach & publicity
Pastor's entertainment
Welfares & gifts
Training and development
Entertainment & hospitality
Honorarium
Retreat expenses
4
**Charitable activities- Grant**
**funding activities**
RCCG- Central Office
Other Organizations|Current year
Current year
Current year
Prior year
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
£
£
£
£
27,653
-
27,653
20,545
2,860
-
2,860
2,712
7,743
-
7,743
-
5,130
-
5,130
-
126
-
126
-|
|---|---|
||43,512
-
43,512
23,257|
||758
-
758
1,741
500
-
500
100
2,650
-
2,650
1,100
1,222
-
1,222
410
3,905
-
3,905
500
3,850
-
3,850
8,585
7,814.00
-
7,814
5,900|
||20,699
-
20,699
18,336|
||8,016
-
8,016
1,914
-
-
-
500|
||8,016
-
8,016
2,414|
11
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
NOTES TO THE ACCOUNTS ENDED 31 DECEMBER 2023 CONT'D
||31 DECEMBER 2023 CONT'D|||||
|---|---|---|---|---|---|
|||Current year|Current year|Current year|Prior year|
|||Unrestricted|Restricted|Total|Total|
|NOTES||Funds|Funds|Funds|Funds|
|5|**Support costs for charitable activities**|2023|2023|2023|2022|
||**Premises & administrative costs**|£|£|£|£|
||Rent and rate|3,325|-|
3,325|2,510|
||Printing and stationery|358|-|
358|96|
||Subscription|362|-|
362|287|
||Stationery|467|-|
467|-|
||Travel|276|-|
276|244|
||Computer expenses|880|-|880|-|
|||5,669|-|
5,669|3,137|
|6|**Total charitable expenditure**|||||
||**Direct spending**|20,699|-|
20,699|18,336|
||Grantmaking activities|8,016|-|
8,016|2,414|
||Support costs|5,669|-|5,669|3,137|
|||34,384|-|34,384|23,887|
|7|**Other expenditure- governance costs**|||||
||Independent examination|675|-|675|650|
12
## **THE REDEEMED CHRISTIAN CHURCH OF GOD REDEMPTION GROUND**
NOTES TO THE ACCOUNTS ENDED 31 DECEMBER 2023 CONT'D
|31 DECEMBER 2023 CONT'D||
|---|---|
|NOTES
8
**Debtors & receivables**
Gift aid receivable
9
Creditors: Amount falling due
within one year
Accountant
Subscriptions|Current year
Current year
Current year
Prior year
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
7,743
-
7,743
-|
||7,743
-
7,743
-|
||675
-
675
-
198
-
198
-|
||873
-
873
-|
- 10 **Trustees Remuneration and Reimbursement of Expenses:** The Trustees did not receive any remuneration for the period.
- 12 **Related party transactions** The Redeemed Christian Church of God is the main headquarters of all RCCG Church branches. During the period, the church paid institutional grants to other RCCG organizations such as the World Evangelism Mission (RCCG Central Office).
13