**Registered charity number : 1198607** **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** **Financial Statements for the Year Ended 05 April 2024** ## **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** ## **Reports of the Trustees for the year ended 05 April 2024** ## **Administrative Information:** The Redeemed Christian Church of God: Hope Connections Excellence is part of The Redeemed Christian Church of God (UK) a national church organisation in the United Kingdom. ## **Address** 35 - 37 Victoria Street VICTORIA STREET Lockwood Huddersfield HD1 3RG ## **Board of Trustees** Pastor Eyitayo Ibiyeye Mr.Oluwafemi Adebayo Dr Samson Oyeyinka ## **Pastor-in-Charge** Pastor Amos Ajewole ## **Banker** HSBC UK Bank plc 1 Centenary Square Birmingham B1 1HQ 2 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** ## **Reports of the Trustees continued** ## **Aims and purpose** The strategic objectives of the Redeemed Christian Church of God (RCCG) Hope Connections are directly linked to its aims. They are: 1. Worship and Prayer - learning about the Gospel through periodic bible study and increasing awareness of God’s presence by spreading His love. 2. Service - provision of pastoral care for the people living in the community. 3. Missionary activities - developing confidence in evangelism and in capacity to spread of God and faith to all. ## **Objective and activities** The church is actively engaged in collaboration with local churches and organisations as an expression of its added community services. ## **Structure, governance and management** Thee was no change in the composition of the board of trustees in the year. The board met regularly and set the direction and policy framework for the Church. The board also put in place the process for reviewing, evaluating and implementing appropriate risk management framework. ## **Risk management** The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. ## **Financial review** Total income during the year was £152,659 (2023: £161,690), a decrease of 5% over 2023. The decrease in income is due to gift aid claim received during the year as compared to previous year. The total expenditure was £138,449 (2023: £161,664) representing 14% reduction compared to prior year. Overall, the church fund stood at a positive balance of £14,235. 3 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** ## **Accounting Policies** ## **a) Basis of accounting** The financial statements are prepared in accordance with the Charities Statement of Recommended Practice (SORP). The statement of financial activities (SOFA) is presented in columns for general fund and endowment capital, showing the net incoming resources, resources expended, and all other recognised gains and losses in the appropriate column. The financial statements are also prepared in accordance with the historical cost convention. They comply with all applicable United Kingdom law and accounting standards. ## **b) Incoming resources** Donations, contributions and legacies are accounted for when entitlement has been confirmed, the amount can be measured accurately and receipt is certain. ## **c) Resources expended** All resources expended are accounted for on an accrual basis. Any ensuing liabilities are recognised as soon as constructive obligation arises. ## **d) Funds** Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. Restricted funds are funds which are to be used in accordance with specific instructions imposed by donors or which have been raised by the trustees’ particular purpose. The cost of raising and administering such funds are charged against specific fund. ## **e) Depreciation** Depreciation on fixed assets is charged so as to write off their full costs less estimated residual value over their expected useful lives at the following rates: |Computer equipment|50% straight line| |---|---| |Motor vehicle|25% straight line| ## **f) Going Concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered the impacts that the Covid-19 pandemic may have for the Charity and it is deemed that the Charity can meet its commitments and liabiities and can contiinue for the forseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements. 4 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD:** ## **HOPE CONNECTIONS** ## **Statements of Financial Activities for the year ended 05 April 2024** |||**Unrestricted **|**Restricted**|**Total**|| |---|---|---|---|---|---| |||**Fund**|**Fund**|**2024**|**2023**| |**Incoming resources**|**Notes**|||**£**|**£**| |Voluntary incomes|1|152 659|0|**152 659**|161 690| |Other income||0|0|**0**|0| |**Total incoming resources**||**152659**|**0**|**152659**|**161 690**| |**Resources expended**|||||| |Church activities|2|138 449|0|**138 449**|161 664| |Fund raising||0|0|**0**|0| |**Total resources expended**||**138 449**|**0**|**138 449**|**161 664**| |Net incoming/(Outgoing) resources|||||| |before transfers||14 210|0|**14 210**|26| |Gross transfers between funds||0|0|0|0| |**Net incoming/(Outgoing) resources after transfers**|||||| |**and before other recognised gain/loss**||**14 210**|**0**|**14 210**|**26**| |Gain/(loss) on revaluation and disposal of|||||| |investment assets||0|0|**0**|0| |**Net movement in funds**||**14 210**|**0**|**14 210**|**26**| |Total funds b/f at 1 January 2023||26|0|**0**|0| |**Total funds c/f at 31 December**|**2024**|**14 235**|**0**|**14 235**|**26**| 5 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** ## **Balance sheet at 05 April 2024** |**Balance sheet at 05 April 2024**||| |---|---|---| |**Notes**
**Fixed assets**|**2024**
**£**|**2023**
**£**| |Tangible assets|35 363|0| |**Current assets**||0
1 900
**1 900**
-1 874
26
**26**
26
0
**26**| |Prepayment|500|| |Cash at bank and in hand
4
7 943
**8 443**
**Creditors: amounts falling due within one year**
-1 676
**Net current assets**
6 767
**Total assets less current liabilities**
**42 130**
**Funds of the Charity**
Unrestricted fund
5
14 235
Restricted fund
27 895
**Total Funds carried forward**
**42 130**||| Approved by the Board of Trustees on 3 February, 2025 and signed on their behalf by _Pastor Eyitayo Ibiyeye_ **Chair, Board of Trustees** 6 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** **Notes to the Financial Statements for the year ended 05 April 2024** |**1. Incoming resources**|**Unrestricted Restricted**
**Total**
**Fund**
**Fund**
**2024**
**2023**
**£**
**£**| |---|---| |Tithes
Offering
Gift aid|107 636 50
0 00 107 636 50
##########
43 180 74
0 00
43 180 74
58 195 56
184192
0 00
184192
910 30| |**2. Resources expended**|**152 659 16**
**0 00 152 659 16**
**##########**| ||| |Rent
Honorarium
Utilities
Publicity and evangelism
Charity And Donations
Repairs and renewals
Insurance
Telephone and communication
Stationery/Administrative expenses
Hospitality/Welfare
Transport and travelling
Legal/professional fees
Accounting fee
Bank and financial charges|27 565 25
0 00
27 565 25
27 249 25
4 019 68
0 00
4 019 68
5 304 46
6 016 88
0 00
6 016 88
16 010 29
1 602 00
0 00
1 602 00
3 933 62
2 749 97
0 00
2 749 97
15 827 33
11 386 76
0 00
11 386 76
16 420 74
1 529 00
0 00
1 529 00
744 00
372 10
0 00
372 10
2 971 31
58 254 89
0 00
58 254 89
37 597 39
22 933 15
0 00
22 933 15
30 391 62
290 02
0 00
290 02
2 219 78
1 125 45
0 00
1 125 45
904 32
604 32
0 00
604 32
700 00
0 00
0 00
1 390 10| ||**138 449 47**
**0 00 138 449 47**
**##########**| ||| ## **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** ## **Notes to the Financial Statements for the year ended 05 April 2024** |**3. Net incoming/(Outgoing) resources**
This is stated after charging:
Depreciation
Accountancy service|**2024**
**£**
12 588
604
**£**
0
7 943
**7 943**
**£**
26
0
14 210
**14 235**|**2023**
**£**
0
700| |---|---|---| |**4. Cash and Bank**
Savings account
Current account||**£**
0
1 900
**1 900**| |||| |||| |**5. Funds of the Charity**
Opening balance
Prior year adjustments
Unrestricted||**£**
0
0
26
**26**| |4. Tangible fixed assets
Cost:
At 1 January 2024
Addition
At 31 December 2024|2024
£
Computer
Equipment &
Other
£
800
47 150
47 950|2023
£
Computer
Equipment &
Other
£
800
0
800| |Depreciation:
At 1 January 2023
Addition
At 31 December
Net book value:
At 01 January 2024
At 31 December 2024|800
600
11 788
200
12 588
800
0
35 363| |---|---| ||8| ## **THE REDEEMED CHRISTIAN CHURCH OF GOD: HOPE CONNECTIONS** ## **Independent Examiner's Report to the trustees of RCCG Hope Connections** I report on the accounts for the year 05 April, 2024 which are set out on pages 5 to 9. ## **Respective responsibilities of trustees and examiner** The Church's trustees are responsibilities for the preparation of the accounts. The church's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: examine the accounts (under section 145 of the CharitiesAct), to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 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 general Directions given by the Charity 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 include consideration of any unusual items or disclosures in the accounts, and seeking explanations from trustees concerning any such matters. The procedures undertaken do not provide all the evidence that be required in an audit, and consequently no opinion is given as to whether the accounts presents a 'true and fair' view and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s statement** In the course of my examination, no matter has come to my attention: 1. which give me reasonable cause to believe that in, any material respect, the requirements a. to keep accounting records in accordance with section 130 of the Charities Act; and b. 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. Matthew Odu **Practical Advice Consulting Limited** 1000 Great West Road, Brentford London. TW8 9DW. 9