2024-12-31-accounts - Redeemed Christian Church Of God (Rccg) The King's Borough Christian Fellowship

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Registered Charity number 1198010

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP

Report and Accounts

31 December 2024

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP Report and accounts Contents

	Page
Information	1
Trustees Report	2
Independent Examiners Report	3
Statement of Financial Activities	4
Balance sheet	5
Notes to the Financial Statements	6 - 8
(inclusive of detailed Income & Expenditure)

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP LEGAL AND ADMINISTRATIVE

Year ended 31 December 2024

Trustees;

PASTOR HENRY OBASANYA IYERE TREASURE ADEDOYIN ADEBUKUNOLA ISOLA

Register Charity Number ; 1198010

Business Address HURST COMMUNITY CETRE HURST PLACE HURST ROAD DA5 3LH

Independent Examiner AJIBOLA LEMO (FCCA, Msc) LEMO CORPORATE Chartered Certified Accountants 815 OLD KENT ROAD LONDON SE15 1NX

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP

Trustees' Report

Year ended 31 December 2024

The Trustees present their report and the financial statements for the year ended 31 December 2024 The financial statements have been prepared in accordance with the accounting policies set out on page6 and comply with the statement of Recommended Practice (SORP 2015) and applicable law.

OBJECTIVES

a. Advancement of the Christian Faith in the United Kingdom and abroad

b. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick in the United Kingdom and abroad.

The principal activities of the Charity are worship and the involvement of various ministries and ministers of religion, propagating Christian tenets to both members and non-members of the ministry at various meetings.

To achieve these objectives, the trustees appointed the Board of Ministers. The ministry is invovled in Christian Outreach Programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.

The trustees who serve during the year were;

PASTOR HENRY OBASANYA IYERE TREASURE LADITI BOLA OLUSOLA

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

Due consideration is given to what is needed to make the Board and commitee as effective as can be. Also care is taken to ensure the board has the right mix of skills and experience to discharge its duties and ensure effective governance and management. Trustees serve a term of two years which is renewable at the discretion of the Board; however, in exceptional cases Trustee may be asked to stay on for more than four years.

TRUSTEES' RESPONSIBILITIES

Charity Law requires the trustees to prepare financial statements for each fianacial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended for that year. In preparing those financial statements the trustees are required to;

●select suitable accounting policies and apply them consistently,

●make judgement and estimates that are reasonable and prudent,

●prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in operation

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud.

RISK MANANGEMENT

Trustees take seriously their responsibility to assess and manage the major risks that the charity faces and review them regulaly. A formal risk management process is in place to ensure risks are

identified and appropraite mitigation actions are taken- this is captured in our Risk Management Policy.

FINANCIAL REVIEW

a. RESERVE POLICY

RCCG The King Borough unrestricted reserves comprise the general fund which can be spent on any purpose of the charity and are avilable to meet future demands on the charity's resources. The trustees have determined that it would be prudent to maintain three months of expenditure to meet core expenses of the church.

b. PRINCIPAL FUNDING

Individual donations and gifts continue to be the main source of income

STATEMENT OF PUBLIC BENEFIT

In line with requirements of the Charities Commission under the Charity Act 2011 for charities to demonstrate that their aims are for public benefit, the Board of Trustees of RCCG The KBCF are confident that our aims fully meet the public benefit test that all the activities of the charity described in the report, are undertaken in pursuit of our mandate which by implication seeks to:

a) help people live a life free from fear and anxiety, allowing them to prosper in mind, body and spririt b) Improve overall well being and every life of each person

c) motivate, teach, councel and coach people to attain success in their career, family life, marriage and personal life

d) support the less privileged and needy through gifts in kind and where appropriate financial assistance; and

e) give financial support to other charities that share our values and aims as well as respond to social needs

This report was approved by the Board of Trustees on -30 October 2025 and was signed on their behalf by:

PASTOR HENRY OBASANYA

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP INDEPENDENT EXAMINER'S REPORT

I report on the charity for the year ended 31 December 2024, which are set set out on pages 4 to 5.

Respective resposibilities 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 needed. [The charity's gross income is £28,948 and I am qualified to undertake the examination by been a qualified member of Association of Chartered Certfied Accountants.

It is my responsisblity to:

. examine the accounts under section 145 of the 2011 Act;

. to follow the procedure laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and;

.to 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

comparison of the accounts presented with those records. It also includes consideration of any unusua items or disclosures in the accounts, and the seeking of explanations from you as trustee concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit and, consequetly 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 statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

which gives me reasonable cause to believe that, in any material respect, the requirements:

. to keep accounting records in accordance with section 130 of the 2011 Act; and

. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AJIBOLA LEMO (FCCA, Msc) LEMO CORPORATE Chartered Certified Accountants

815 OLD KENT ROAD LONDON

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP

Statement of Financial Activities For the year ended 31 December 2024

Unrestricted Notes £ 8.1 24,536 50,000 78 74,614 8.2 19,349 8.3 15,293 34,642 39,972 39,972 3,849 43,821	Unrestricted Notes £ 8.1 24,536 50,000 78 74,614 8.2 19,349 8.3 15,293 34,642 39,972 39,972 3,849 43,821	2023 Total Fund £ 43,122 -
8.1 8.2 8.3
	74,614	43,122
	19,349 15,293 34,642 39,972 39,972 3,849 43,821	34,601 6,912
		41,513
		1,609
		1,609 2,240
		3,849

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP Balance Sheet as at 31 December 2024

	Notes		2024		2023
			£		£
Fixed assets
Tangible assets	3		2,175		2,945
Current assets
Cash at bank and in hand		42,046		1,304
Creditors: amounts falling due
within one year	4	(400)		400
Net current assets			41,646		904
Total assets less current liabilities			43,821		3,849
Creditors: amounts falling due
after more than one year	5		-		-
Provisions for liabilities			-		-
Net assets			43,821		3,849
Unrestricted Funds
Unrestricted Funds	6		43,821		3,849
Restricted and Unrestricted Funds c/fwd.			43,821		3,849
-

PASTOR HENRY OBASANYA Approved by board of Trustees

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Incoming Resources

Income is mainly from grants and bank interest received are included in the financial statements when received.

Resources Expended

All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.

Taxation

As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment, furniture & fittings Motor vehicles Land & building 2 Operating profit This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023	25% Straight line 25% Straight line 1% Straight line £ £ 770 770 Furniture & fittings Computers, Music Equipment Total £ £ £ 1,300 3,075 4,375 - - - 1,300 3,075 4,375 520 910 1,430 260 510 770 780 1,420 2,200 520 1,655 2,175 780 2,165 2,945

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP Notes to the Accounts for the year ended 31 December 2024

4 Creditors: amounts falling due within one year Trade creditors 6 Restricted Funds Unrestricted At 1 January 2024 3,849 Net Incoming Fund 39,972 At 31 December 2024 43,821	Restricted - - -	£ £ 400 400 £ £ 3,849 2,240 39,972 1,609 43,821 3,849

RCCG THE KING BOROUGH CHRISTIAN FELLOWSHIP Notes to the accounts (continued)

8 Income and Expenditure Account For the year ended 31 December 2024

PastINCOMING RESOURCES Tithes, offering and thanksgiving Building Project Interest Total Incoming Resources OUTGOING RESOURCES 8.2 Support costs of activities in furtherance of the Charity's objects: Honourarium Welfare Support Purchases Missionary Employee NI Books and Periodicals Evangelical/outreach materials Convention & anniversary Members' welfare and training 8.3 Management and Administration of Charity: Travelling and subsistence Rent & rates Light & heat Bank charges Cleaning Telephone Security Accountancy fees Insurance Motor vehicle expenses Stationery and Printing WEM Software & Computers accessories Mortgage interest Depreciation charge	2024 2023 UnrestrictedRestricted Total Total Fund Fund £ £ £ £ 24,536 24,536 43,122 50,000 50,000 78 78 74,614 - 74,614 43,122	2024 2023 UnrestrictedRestricted Total Total Fund Fund £ £ £ £ 24,536 24,536 43,122 50,000 50,000 78 78 74,614 - 74,614 43,122
		74,614 43,122
	2,400 8,199 - 4,150 - - 3,750 - 850	2,400 2,650 8,199 7,316 - 4,150 17,135 - - 1,080 3,750 1,215 - 3,350 850 1,855
	19,349 -	19,349 34,601
	4,239 0 1,098 0 476 108 727 400 373 1,961 870 3,959 312 - 770	4,239 1,031 0 1,569 1,098 0 476 435 108 551 727 400 400 373 385 1,961 870 207 3,959 1,564 312 0 770 770
	15,293 -	15,293 6,912