2025-03-31-accounts

Charity number 1198043

REDEEMED CHRISTIAN SCHOOL OF MISSION Report and Accounts

31 March 2025

Redeemed Christian School of Mission Charity number 1198043 Trustees Report

The trustees present their report and accounts for the year ended 31 March 2025.

Charity Activities

The charity's principal activity during the year continued to be propagation of the gospel and contributing to the community.

Trustees

The following persons served as trustees during the year:

Dr Cornelius Alalade Michael Kehinde Afolake Feyibunmi Adeleke Sanusi Babatunde Adedibu Alfred Olorunfemi Joel Eyinade

This report was approved by the trustees on 19 September 2025 and signed on its behalf.

Pastor Joel Eyinade Chairman

Redeemed Christian School Of Mission

STATEMENT OF FINANCIAL ACTIVITIES

For the year ending 31 March 2025

Income & Expenditure Account

Note Incoming Resources Incoming resources from generated funds: Voluntary donations/Grants 3 Investment Income 4 Activities for generating funds 5 Incoming resources from charitable activities 6 Gift Aid reclaim Total incoming resources Resources Expended Administrative Expenses 8 Charitable activities Governance Cost 9 Total resources expended Net incoming resources / (resources expended) before transfers Transfers between Funds Net movement of funds in year Net income / expenditure for the year Total Funds brought forward Total Funds at 01 April 2025 14	Restricted Funds 2025 £ - - - - - - - - - - - - - - -	Unrestricted Funds 2025 £ 87,860 - - - - 87,860 (20,157) (38,366) (300) (58,823) - - 29,037 29,037 5,368 34,405	Total Total Funds Funds 2025 2024 £ £ 87,860 9,008 - - - - - - - - 87,860 9,008 (20,157) (3,985) (38,366) (4,106) (300) (300) (58,823) (8,390) - - - - 29,037 617 29,037 617 5,368 4,751 34,405 5,368

Redeemed Christian School Of Mission

STATEMENT OF FINANCIAL ACTIVITIES

Balance Sheet as at 31 March 2025

Note Fixed Assets Tangible Assets 11 Current Assets Debtors 12 Investments held as current assets 12 Cash at Bank and in Hand 12 Creditors:Amounts falling due within one year Net Current Assets Net Assets Charity Funds Restricted Funds Unrestricted Funds 14	£ - 4,900 - 30,405 900	2025 £ - - - 35,305 35,305 900 34,405 - 34,405 34,405	£ - 4,900 - 1,068 600	2024 £ - - - 5,968
				5,968 600
				5,368
				- 5,368
				5,368

Redeemed Christian School Of Mission

Notes to the Financial Statements

For the year ended 31 March 2025

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless 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 (FRS 102) issued on 16 July 2014

1.2 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { 1.1 }.

Note 2 Accounting policies

2.1 INCOME

Recognition of	These are included in the Statement of Financial Activities (SoFA)
income	when:
	• the charity becomes entitled to the resources;
	· it is more likely than not that the trustees will receive the resources; and
	• the monetary value can be measured with sufficient reliability.
Offsetting	There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and	Grants and donations are only included in the SoFA when the general income recognition criteria are met.
donations
	In the case of performance related grants, income must only be recognised to the extent that the charity has
	provided the specified goods or services as entitlement to the grant only occurs when the performance related
	conditions are met .
Legacies	Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the
	executors have established that there are sufficient assets in the estate and any conditions attached to the legacy
	are either within the control of the charity or have been met.
Government grants	The charity has received government grants in the reporting period
Tax reclaims on	Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount
donations and	recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the
gifts	initial donation unless the donor or the terms of the appeal have specified otherwise.
Contractual
income and	This is only included in the SoFA once the charity has provided the related goods or services or met the
performance	performance related conditions.
related grants
	Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless
Donated goods	impractical to do so.
	The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those
	gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are
	distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

	Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from
	sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the
	corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income
	from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading
	activities'.
	Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA
	as incoming resources when receivable.
	Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
Donated services	Donated services and facilities are included in the SOFA when received at the value of the gift to the charity
and facilities	provided the value of the gift can be measured reliably.
	Donated services and facilities that are consumed immediately are recognised as income with an equivalent
	amount recognised as an expense under the appropriate heading in the SOFA.
Support costs	The charity has incurred expenditure on support costs.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from
interest, royalties	This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
and dividends
Income from
membership	Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.
subscriptions
	Membership subscriptions which gives a member the right to buy services or other benefits are recognised as
	income earned from the provision of goods and services as income from charitable activities.
Settlement of	Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to
insurance claims	5.12 FRS 102 SORP) and are included as an item of other income in the SoFA.
Investment gains	This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting
and losses	from revaluing investments to market value at the end of the year.
2.2 EXPENDITURE	AND LIABILITIES
Liability	Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation
recognition	committing the charity to pay out resources and the amount of the obligation can be measured with reasonable
	certainty.
Governance and	Support costs have been allocated between governance costs and other support. Governance costs comprise all
support costs	costs involving public accountability of the charity and its compliance with regulation and good practice.
	Support costs include central functions and have been allocated to activity cost categories on a basis consistent
	with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent
	and other costs by their usage.
Grants with	Where the charity gives a grant with conditions for its payment being a specific level of service or output to be
performance	provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified
conditions	service or output.
Grants payable	Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the
without	commitment, a liability for the full funding obligation must be recognised.
performance
conditions
Redundancy cost	The charity made no redundancy payments during the reporting period.
Deferred income	No material item of deferred income has been included in the accounts.
Creditors	The charity has creditors which are measured at settlement amounts less any trade discounts

Provisions for	A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate
liabilities	of the amount required to settle the obligation at the reporting date
Basic financial	The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS 102 SORP.
instruments	Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP.
2.3 ASSETS
Tangible fixed	These are capitalised if they can be used for more than one year, and cost at least
assets for use by charity	They are valued at cost.
	The depreciation rates and methods used are disclosed in note 7.
Intangible fixed	The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are
assets	identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods
	used are disclosed in note 15
	They are valued at cost.
Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost
	and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted
	investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
	Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than
	1 year are treated as current asset investments
Stocks and work in	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value.
progress
	Goods or services provided as part of a charitable activity are measured at net realisable value based on the
	service potential provided by items of stock.
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount
	after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or
	other consideration expected to be received.

**3 **	Voluntary Income
		Restricted	Unrestricted	Total		Total
		Funds	Funds	Funds		Funds
		2025	2025	2025		2024
		£	£	£		£
	Donation	-	14,700	14,700		9,008
	Grant	-	73,160	73,160	.
		-	87,860	87,860		9,008

4 Investment Income

Interest on Bank & Deposit Account	Restricted Unrestricted Funds Funds 2025 2025 £ £ - - - -	Total Funds 2025 £ - -	Total Funds 2025 £ -
			-

5 Activities for generating funds

----- Start of picture text -----
Restricted Unrestricted Total Total
Funds Funds Funds Funds
2025 2025 2025 2024
£ £ £ £
Course fees - - - -
Gift Aid reclaim - - - -
- - - -
Incoming resources from charitable activities
Restricted Unrestricted Total Total
Funds Funds Funds Funds
2025 2025 2025 2024
Faith and Worship: £ £
Literature Sales - - - -
Other incoming resources Loan
Restricted Unrestricted Total Total
Funds Funds Funds Funds
2025 2025 2025 2024
£ £ £ £
Other - - -
- - - -
----- End of picture text -----

6 Incoming resources from charitable activities

7 Other incoming resources Loan

8 Analysis of charitable expenditure

Banking Costs Charity activities Printing and Stationery Rent & Rates Stipend Telephone Purchases Donation Professional fees Travel, Trips and Outing	Direct Charitable Activities £ 45 38,366 1,009 - 13,508 2,912 350 - - 2,333 58,523	2025 Total £ 45 38,366 1,009 - 13,508 2,912 350 - - 2,333 58,523	2024 Total £ 15 4,106 581 - 1,350 1,452 - - - 587
			8,090

9 Net Incoming / (outgoing) resources

This is stated after charging:

This is stated after charging:
	2025		2024
	£		£
Depreciation of tangible fixed assets		-		-
Accountant's remuneration		300		300
		300		300

10 Taxation

The organisation is a registered charity and no provision is considered necessary for taxation.

11 Tangible Fixed Assets

Free hold Leasehold Land Building Land £ £ Cost At 1 April 2022 - Additions - - Disposal - At 31 March 2023 - - Depreciation At 1 April 2022 - - Charge for the year - - Elimination on disposals - - At 31 March 2023 - - Net Book Value At 31 March 2023 - - At 1 April 2022 - - 12 Debtors: (Falling due within one year) Due within one year: Debtors Prepayments 13 Creditors:(Falling due within one year) Property payment due Loan for the property Accruals	Fixtures & Equipment Total £ 772 - - 772 772 - 772 - - 2025 £ 4,900 - 4,900 2025 £ - - 900 900	Total £ 772 - -
		772
		772 - -
		772
		-
		-
		2024 £ 4,900 -
		4,900
		2024 £ - - 600
		600

----- Start of picture text -----
14 Statement of funds
Brought Incoming Resources Carried
Forward Resources Expended Forward
£ £ £ £
Unrestricted Funds
General Funds 5,368 87,860 58,823 34,405
Restricted Funds
- - - -
Fund Raising
Other - - - -
Total Funds 5,368 87,860 58,823 34,405
----- End of picture text -----

Independent Examiner’s report to the trustees of Redeemed Christian School of Mission

I report on the accounts for the year ended 31 March 2025 which are set out on pages 2 to 10.

Respective responsibilities	The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees/directors consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my
of	responsibility to:
trustees/Direct	• examine the accounts under section 43 of the 1993 Act,
ors and	• to follow the procedures laid down in the general Directions given by the Charity Commission
examiner	(under section 43(7)(b) of the 1993 Act, and
	• to state whether particular matters have come to my attention.
Basis of	My examination was carried out in accordance with general Directions given by the Charity
independent	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
examiner’s	unusual items or disclosures in the accounts, and seeking explanations from the trustees/directors
statement	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 statement
	below.
Independent	In connection with my examination, no matter has come to my attention
examiner's	1. which gives me reasonable cause to believe that in, any material respect, the requirements:
statement	• to keep accounting records in accordance with section 41 of the 1993 Act; and
	• to prepare accounts which accord with the accounting records and comply with the accounting
	requirements of the 1993 Act
	have not been met ; or

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

19 September 2025

Olusola Olalekan Shokunbi FCCA Paul Victoria Accountants

2nd Floor, 134 South street, Romford, Essex RM1 1TE