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|
2. 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