THE REDEEM.Fn CHRISTIA.N CHURCH OF GOD OA.q!S OF I nyF LITTLEHAM.PTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024
THE RFnEEMED CHRI.STIAN CHIJRfH OF COD OASIS OF LOVE LITTLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 CONTENT Page Statutory Infomation Report of the Trustees Report of the Accountants Statement of Financial Activities Balance Sheet Notes to the accounts 7-10 This does not fomi part of the statutory accounts Income and Expenditure Account 11
THE REDEFM.En CHRISTIA.N CHURCH OF COD O.4SI.S OF LOVF LITTLEHAM.PTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 STATUTORY INFORMATION Principal Address: 28 CONWAY DRIVE BOGNOR REGIS WEST SUSSEX P0214XD Registered Number 11 Q.5638 Account- ts: Alani Idowu & Co TIA Ilkl 11 .A Oiiyuee AaDOla[e? 51 Beechwood Road Oldham OL8 2NJ
THE REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF LOVE LirrLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 REPORT OF THE TRUSTEES Trustees Babatunde Ademola Adenugba Tunde Salami Dorothy Phiri Trustees, Responsibilities in Relation to the Financial Statements Law applicable to charities in England and Wales requires the trustees to prepare Financial Statements for each financial year, which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: 1. select suitable accounting policies and then apply them consistently; 2. make judgements and estimates that are reasonable and prudent; . state whether applicable accounting standards and ststements of recommended practice have been followed subject to any departure disclosed and explained in the financial statements; and 4. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disdose with reasonable accuracy at any time the financial position of the charity 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 charity and hen for taking reasonable steps for the prevention and detention of fraud and other irregularities. Chairman Dated: 27 October 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF I OVF LITTLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 INDEPENDENT ALiOUli IAfv I S RtvuRT We have prepared the financial statements of RCCG Oasis Of Love Littlehampton for the pei iod eriuéu Jv uéieimbei £0£4 which comprise the Staterrient Oi rltiaii cial Activities, Balance Sheet and the related notes set out on pages 7 to 9. These financial statements have been prepared under the historic cost convention and the accounting policieu sei 0't vfi yage This report is made solely for the trustees in accordance with Section 44 Charities Act 1993. Our ac.countiDg work haR bepn undertaken so that we might stAte to thp Trustees those matters we are required to state to them in our accountants, report and for no other purposes. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees of tne Association, for our accounting work, for this report, or for the opinion we have formed. Re>pective RVSPOII *pluliiilvS of i rnSLee> arid Accountarits The trustees, responsibilities for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in trie Statement of Trustees, Responsibilities on page 2. Our responsibilities is to prepare the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Accounting Standards. We report to the trustees our opinion whether the financial statements give a true and fair view and are prepared in accordance with the Charities Act 1993. We also report to you if, in our opinion, the Trustees, Annual Report is not consistent with the financial ststements, if the charity has not kept proper accounting records, or rf we have not received all the information and explanations we require for the preparation of the financial ststements. We read the information contained in tne I rustees. Annual Report and consider whether it is consistent with the financial statements. We consider the implication for our report rf we become aware of any apparent misstatement or material inconsistencies with iiie iifidncidl bLdLVIIItrIILb. vLif ivbyufibiuiiiiivs do rivi extend to ai iy otriei Ifiiol I IiaLlOn. We have prepared the financial statements with the United Kingdon Accounting Standards issued by the Accounting Standards Board. The preparation include examination, ori a Lest h•J- UC4ai de--e i elekai IL IV Li IG ai i TounLS and diSLplosu'res in the financial statements. It also includes an assessment of the significant estimates and judgements made by the trustees in the preparation of the financial ststements, and of whether the accounting policies are appropriate to the Charitv's r.jrcLimstanr.eo consistently applied and adequately disclosed.
THE REnFEMED eHP.ISTIAN CHURCH OF COD OASI.8 nF LOVE LITTLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 INDEPENDENT ACCOUNTANTS REPORT Basis of opinion (continued) We planned and performed our preparation so as to obtain all intormation and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assuran as to whether the financial statements are free from material misstatemeni, wheiher caused by fraud or other irregularity or error. In forming our opinion, we also evaluate the overall adequacy of the presentation of information in the financial statements. Unqualified =pinion In our opinion, the financial statements give a true and fair view of the stste of affairs of th.p. rh?rity as at 30th December ?O?a and of its inp.nmiDg resources and apn!iftAtinD of resources for the period then ended and have been properly prepared in accordance with the Charities Act 1993. Accountants Alani Idowu & Co TIA Wollydee Associates 51 Beechwood Road Oldham OL8 2NJ Dated: 27 October 2025
THE REDEEMFD CHRISTIAN CHURCH OF COD n.ASIS OF LOVF I ITTI FHAM.PTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES Incoming Resources 2024 2023 Activities in furtherance of the charity's objects 26,466 39,138 Investment Income Total Incoming Resources 26,466 39,138 Resources Expended Cost of generating Tunas f),i92 8,847 Management and Administration Donation to other charits'es Total Resources Expended 20,414 31,275 27,006 40,122 rNei incoming resources before other recognised gains and losses (540) (984) Other recognised gains and losses Net movement in funds for the year (540) (984) Balance BrOugt FoTrAiard - 1,474 2,458 Total funds as at 5 April 2024 934 1,474 All activities relate to continuing operations.
THE REDEEMED CHRISTIAN CHURCH OF GOD OASIS OF LOVE LirrLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 BALANCE SHEET AS AT 30th December 2024 2024 2023 Note Fixed Assets: Tangible Fixed Assets 921 921 Current Assets Receivable Balance at bank and In hand 250 1,519 1.769 1,709 750 2.459 Curent Llabilities Creditors: Amount falling due within 1 year Net Current Assets 350 500 1,419[ 2.339 Credltors Amount due rnore than 1 year 1 .959 Total Assets Less Current Llabllities 1,419 1,959 Represented by: General Funds Unrestricted Funds Restricted Funds 10 11 934 485 1.419 1,474 485 1.959 Approved by the trustees on 27th October 2025 and signed on its behalf by: (Trustee)
THF REDEEMED CHR!.8T!AN CHURCH OF GOD OASIS OF LOVE LITTLEHAM.PTnN REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 NOTES FORMING PART OF THE FINANCIAL STATEMENTS 1. Principal Accountiong Policies a. Accounting Convention The financial statements are prepared under the historic cost convention. In preparing the financial statements, the charity follows the best practice as laid down in the Statement of Recommended Practice "Accounting and Repo rting by Charities" (SORP 2000) issued in October 2000. To comply fully with The Statement of Recommended Practice, would require investments to be accounted for at valuation. The trustees are of the opinion that since the investments are held for the long temi. it would be inappropriate to account for unrealised gains and losses for the period. Therefore investments have been accounted for at historical cost. This is the only exception to compliance with The Statement of Recommended Practice. The market value of the investments is disclosed. b. Income from members is credited to the income in the year in which it is receivable by the Association. All other income is credited to income in the year in which it is received on a cash basis. c. Donations to other charities are charged in the year when the offer is conveyed to the recipients except in those cases where the offer is conditi oning, such as donations or grants being recognised as expenditure when the conditions attaGhed are fulfilled. d. Unrestricted funds are general funds which are available for use at the disc reK•tion of the trustees in fknr+ Li ieraiice of the general objectives of the Asso ciation and which have not been designated for other purposes. e. Tangible Fixed Assets I fie taiigibiv asseLJ are stated at cost leJS dvPivbiaLiofi. Tile yeii eidl POIICY is to provide depreciation on fixed assets on a reducing balance method over their estimated useful lives. No depreciation is charged in the year in which the assets are sold or scrapped. Tangible fixed assets are depreciated at rates appropriate to the assets concemed. Freehold Property Improvements to Propety Equipments Fumiture and Fixtures 0% 10/ 10% 10V
THE REDEEMED eHP.I.ST!AN CHURCH nF GOD OAS!8 OF LOVE LITTLFH_A.MPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 NOTES FORMIN(J VART OF TFIE FINANCIAL èTATEMENTS (continued) 2. Incoming Resources - Activities in furtherance of charity's objects 2024 2023 Tithes and Offerings Grant 26,466 29,588 9,550 26.466 39,138 3. Investment Income 2024 2023 Interest received on bank deposit account 2024 2023 4. Cost of Generating Incoming Resources 6,592 8,847 5. Management and Administration 20,414 31,275
THE REDEEMED CH.R!8TIA.N CHURCH OF COD OASIS OF LOVE I ITTLFH.AM.PTON REPORT AND FINANCIAL STATEMENTS FOR THE YEA.R ENDED 30 DECEMBER 2024 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (contlnued) 6. Tangible Fixed Assets Motor Van Office Equipment Equipment & Music Furniture & Fixtures Total 1,151 Brought Forward Additions 1,151 1,151 Carried forward Depreciation Brought Forward Provided during the year 115 115 230 115 115 230 Carried forward Net Book Value 2024 Net Book Value 2023 921 1,036 921 1,036 7. Receiiidbies £024 20£3 Amount due within 1 year 250 1,709 8. Creditors 2024 2023 Amount falling due within 1 year 350 500 Amount falling due after more than 1 year
THE REDEEMED CHRISTIA.N CHURCH OF GOD OA.81.8 OF LOVE LITTLEHAMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued) 10. Unrestricte(i Fun(is 2024 2023 Balance Brought Forward Net movement in Funds for the year 1474 2458 (540) (984) Balan Carried Forward 934 1474 11. Restrlcted Funds 2024 2023 This represents amount provided and set aside for specific purpose. 10
THE P.EDFFMFD CHRISTIAN CHURCH OF GOD OASIR OF LOVE LITTLFH.AMPTON REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES 2024 2023 Incoming Resources Tithes and Offerings Other Income 26,466 29,588 9,550 26.466 39,138 ifts Aid Receivahle 26,466 39,138 Resource Expended Cost of generatjng fLinds Community Outreach Charitable expenditure Dor..,ons to o+h4Jr c,,- Management and Administration Rent and Service charges Training Hotels & Travel Church Administration & Office Lar, Traveiling and Accomo(iation Conference & Retreat Development & Spiritual Postage and stationery Welfare Professional Fees Maintenance Susciptions & Insurance Sundry Cost Media and Internet RCCG WEM 4,945 4,379 1,647 4,468 4,325 4,580 680 3,729 3,898 1,b40 4,941 1,150 1,181 3.303 200 701 371 106 672 4.123 2,7tiJ 1,313 1,256 4,762 350 702 139 677 4.127 i otal Resource Expendea 7,006 40,122 Excess of Incoming Resources Over Resource Expended (540) (984) 11