Regis¢ered Charity No- 1199532 THE REDEEMED CHRISTIAN CHURCH OF GOD EVERLASTING FATHER'S ABODE WAKEFIELD Trustees, Report and Accounts For the Year Ended 31 March 2025
CONfELYts PAGE Legal and Adminislralive Delails Trustees, Report Independent Examiners Report Stalemenl of Financial Aclivities Balance Sheet Notes to the Accounts io
REFERENCE AND ADMINISTRATIVE DETAItS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR EIYDED 31 March 2025 Trusl¢es Gabri¢l Adcmola Adunmad¢ Olanreiiaju Fakunle Bola Adcsan)'a Dr Adebd)"o Olufemi Ola 0luwaioln Adunni Ogunthde Phebean Ariwla Oyelade ChArity registered Number 1199532 Dale of Charitable Regi$lration 04 July 2022 Principal offiie Funny Gals Wakefield Ltd Bank Sireei Wakefield West Yorkshire WFI IEH Independent ex*miners Accounting Assist Lid Clo Good to Give Bgnkers Barclays Bank
TRUSTEES, REPORT FOR THE YEAR ENDED31 MARCH 2025 The Board of TrLLStees. who are the trUSeS for chariu. law PUT]x)ses. submit their annual report and the financial statements of The Redeemed Chrisiian Church of God Everlasiing Faiher's ALxx1e Wakefield. for the J'ear ended i l March ?025. The Board of Trustee5 confim]s that the annual retx)rt and financial statements of thc Charity compl). with currenl statutory rcquircmcnts, the rcquircmcnts of the Charity's goveming document and ihe provisions of the Siaiemeni of Recommended Practice ISORP FRS10?)'Accouniing and Reporting bv Charilies {vISed Januarv 2019}. Structureg go.erance and maD4gem¢nt: The 6 Trustees art: Gabriel Ademola Adunmade OlanreajU fakunle Bola Adesanj. Dr Adebayo Olufen)i Ola Oluwaio)'in Adunni Ogunthde Pheart Arinola Ovelad¢ The Trustees play a primary role in ensurin8 g(Kd governance and functioning of ihe foundation. The Board's role. functions and r¢sponsibilili¢s are quite ¢learl>' d¢fin¢d. The Charity curTenily has a strong team ofAdvisory tx)ard memE¢rs in the UK who have held to secure financial support and conlribute to the future planning of ihe organisation. Governing Doeumtnt: The Redeemed Christian chUh of God Everlasting Father s Abode Wakefield is an unincorpordted Lhariiable orb7anisaiion fomied on 04 Jul>. 2022 and re&yistered a charity on 04 July ?022. The Lharity Constitution wa5 Adopted on 04 Jul}. 2022. Recruitment #nd appointment of Trustees: The meMr5 of the Genernl Trnstee Board are Iruslees for the purF)se of charity law. New trustees maybe apwinted b) resolution of a meeiinbp ofthe irusiees. Mu¢h of charil> s work fo¢use5 upon pron)olion of Chrislian Faith and the running and Inaint¢nan¢e of its places of WOTShip. The General Trustee Board seeks io ensure ihal the needs of this group are appropriately rellecled throubh the diversity of the trnstee 1xY' to enhance the TX)tential Fxmbl of trustees the Charity has through 5clcctivc advcrtising and nctworking wilh voluntarv organi5ations activc in thc scctor sought to identify those who would be lI]ing lo trcome members of Ihe charily and use their own experience to assist the charity. Risk M8nggernent: We are committed io a policy of identifying. monitoring and managing the risks that might adversely affeLI the activities in which M'e involved. In this coniexi. risk is defined as the potential io fail to achieve charity objective5 and for1055. financial and reputational. inherent in the enwironment in which we operate in the nature of the trnnsaciions undertaken. The principal risk of the charit>. has been its dependence on voluntar¥' income. Trustees have initiated variou5 processes to mitlLTate such risk so that the charit). ha5 sufficient reserve in the event of adverse condition(s).
TRUSTEES. REPORT FOR THE YEAR ENDED31 MARCH 2025 Th¢ trustffs hav¢ alco ¢xamin¢d oth¢r op¢rdtional atKI bu5in¢s5 risks M,hich th¢y fac¢ and ¢onfirni that they have iaken steps io miiigaie ihe significani risks. Publi¢ Benefit: The Trustees have complied with ihe dury in Seciion 4 of ihe Chariiies Act ?006 and have paid due regard io public benefii when preparing this rep)n. The benefii provided io the public is consistent with thc aims of lh¢ charity in UK. Objectives And activities: To advance ihe Chrisiian religion for the benefii ofihe public through ihe holding of pras'er meetings. le¢tur¢s. pr¢achingJ of thc word ofGod. and producinLT an(Vor distribuiinbF lil¢ratur¢ on ihc gyosp¢l of Jesus Christ io enlighten others about the Christian faith. Financial review: The largest ¢on¢ribulion io the ¢hariiy for ihe year Came from genernl offerings. The ¢hariiy began its chariiable activities from 4th July 202? The Charity currently aims to desigTnate the total fund received less exFtnse5 for the main objeclive of the charity. Plans for fllture perlods: The Charity is aiming ¢0 a¢hieve its iargets through securing donaiions from willing Individuals. Irusis and foundations and corporate supwrtLrs. A developmeni ix)ard may be created to help include other avenues tsf fundrai8inbJ io included in the }'early prob>ramn)e. Sialement of Board of Tru5tee5' responsibilitie5 The Board of TrLislees are responsible lor weparin&) the Annual Rewri and the financial statements in accorddnce with applicable law and United Kinbdom Generall>. Accepied Accouniinb Practice. Charily law applicable lo charities in Englan£VWales requires ihe Board of Trustees lo prepare rinancial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the 5urplu5 or deficit of the Charity for that period. In preparing those financial stat¢ill¢nts thc Board of Ttc¢S hav¢.. Selecied suitable accounting p)licies and applied them consistently. Madc judgnicnts and csliinalcs that arc r¢asonabl¢ and prudcnt, Stated whether applicable accounling standards have been followed. subject to any material d¢partur¢s disr105¢d and ¢xplain¢d in th¢ financial stat¢m¢nts- and Prepared the financial statements on a going coneem basis (unless it is inappropriate lo presume that the Charity. will continue in operdtion). The Board of Trustees h&$ overall reswinsibility for ensuring that the Charity has an appropriate system of controls. financial and oiherwise. They are also reswnsible for keeping proper accoun(ing records which disc105e with rea50[ble accurac!. at an). time the financial position of the Charity and enable them to ensure thai the financial slalements conipl}' with the Charities Act 1993. The), are also
TRUSTEES. REPORT FOR THE YEAR ENDED31 MARCH 2025 r¢sponsibl¢ for saf¢guarding th¢ of th¢ Chariti. and hcncc for taking reasonable sl¢ps for the deiection and prelention offraud and oiher irregularilies. The Board of Trusiees is responsible for ihe rnaintenance and integrity of ihe corpordte and financial information includcd on th¢ Charity's w¢bsit¢. Legislation in ihc Ilnit¢d Kingdom governing th¢ preparaiion and dissemination of financial statements may differ from legislation in other jurisdiciions. Stat¢rn¢nt of disclosur¢ of informalion to ind¢tKnd¢nt ¢xamincr. We. as the Trustees of the Charity who held otrice at ihe date of approval of these financial staternenrs as sei oui on page 3 each confirni. so far as we are aware. Ihai.. There 15 no relevani informaiion of which ihe Charity s indendent examiner are unawaTe,' and we have taken all ihe steps ihai w¢ ought io have thken as Trustees in order to make ourselves aware of any relevant inforn)ation and to esthblish that the charity's indcpendeiit examiner are aware of that information. Independent Exgmln¢r: The Charity's independeni examiner. Anum Hassan. FCCA of Accounting Assist Lid Clo Good to Give Ltd, have indicated their willingness io otTer themselves for ap)In(men1. This report was approved by ihe Trustees on and signed on iheir behalf b>: Gabriel Adunrnade Signaturn........ 141812025
INDEPENDENT EXAMINER"S REPORT FOR THE YEAR ENDED 31 MARCH 2025 INDF.PF.NDENT F.XAMINF.R'S RF.PORT TO THE TRUSTF.ES OF THF. RF.DF.F.MF.D CHRISTIAN CHURCH OF GOD EVERLASTIIYG FATHER'S ABODE IVAKEFIELD. I report on th¢ financial 5tat¢m¢nts of lh¢ charit). for th¢ vcar ¢nd¢d il March 2025 which comprisc Ihe Slatemeni of Financial Activities and Balance Sheei wilh associaie notes. This report is made solely to the charity's Tru51ees. as a ixKly, in accordance with section 145 of the Chariiies Aci *OI l and regulations made under seciion 154 of ihai Aa. M!. 'ork has been undertaken so that I might state io the charit} s Trustees ihose matters l ani required to State to theni in an ind¢p¢nd¢nt cxamin¢ls POrt and for no oihcr purposc. To th¢ full¢st cxlcnt rniittCd by law, I do not accept or assume responsibilit). io an>'one oiher ihan the chariry, and ihe chariry s '] rusrees as a body, for my examination work. RESPECTIVE RF.SPONSIBILITIESOF TRUSTEES AND EXAMINER The ¢harity'g Trustees are responsible for the pr¢pJraiion of ihe finJn¢ial %tOt¢m¢nts. and they consider that an audit is noi required for this vear under section 144121 of the Chariiies Act 2011 {the Act) and that an independent examination is needed. li is my responsibility to.. xamine the accounts (under Section 145 ofihe Charilies Act}: To follow the procedures laid down in ihe General Direciions given by ihe Chariiy Conimissioners (under Section 14515Kbl of the Charilies Act): and To state whether particular matters have come to my attention. Basis of Independent Examiner's report My examination was Carried oui in accordance wilh ihe General Dir¢¢tions given by th¢ Charity Conimissioners. An examination includes a review ofthe accountingp records kew bj the Group.:'District and a comparison ofihe accounts presented wilh those record5.1( also includes considerdiion of an>. unusual it¢n)5 or disclosur¢s in the a¢¢ounts and seekinbi cxplan8ti()n% from you as truste conceming> an%. such matlers. The procedures undertaken do not provide all the evidence thal Ould be required in an audii. and consequentl¥ no opinion is given as to whether the account5 present a 'true and fair. view. and the report is lin)ited to Ih05e matter5 set out in the statement l)elow. Independent Examiner's 5t8tem¢ni In connection with my examinalion. no matler has come to my atteniion- l ) which gives m¢ reasonable cause to klieve that in any n)aterial respect the requirem¢nts: to keep accouniinbi record5 in acconlance with 5e¢tion 130 of the Act; and to prepare financial statemenis which accord wilh ihe accoun(inbi records and comply vith the accounting requirements of the Act hav¢ not b¢¢n m¢t; or 2) lo which. in my opinion. attention should be drawn in order to enable a prOr understanding of th¢ financial stal¢m¢n15 to a¢h¢d.
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR Ef4DED 31 MARCH 2025 (Continued) Matters to note I draw att¢ntion to Notc 2 to th¢ financial al¢ents, which ¢xplains that ihc ¢omparativ¢ fJgur¢5 for the y¢ar ended i l March 2074 have utxlated to r¢fl¢ct the charitN' 5 corr¢ct reportlJlgT dat¢ of ) I March and io adjusi bank and debiors accordingly. This upylate d$ not affeci m) oi'erall conclusion on the financial siaiements. Signed: Dgttd: 1410812025 Anum Has8an, FC'C'.A On behall"i)l- AiiiTrunling Assisi Lid
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestriettd Restrieted Total Funds Total Funds 2025 2025 2025 2024 (Restated) Notcs Incoming resour¢¢s General offerings 112,277 112,277 117,430 Gift Aid Total Incoming resources 112.277 112J77 117.43 Resources expended Charitable Ac(ivities & Exp¢nditur¢ 75.123 75.123 68.569 Governance ¢osis 1.500 1.500 Tot81 Resoury¢s ¢xpend¢d 7&623 76.623 Moiement in total fund for the yvar- Net income I lexpenditLire} For the year Fund balance brought forward 3S654 48,861 19,742 19,742 28,274 Prior year Adjustment -57J93 Fund balance carried forward 19,742
BALANCE SHEET AS AT31 MARCH 2025 2025 2025 2024 2024 Note (Restated) (Reststed) FIXED ASSETS Taiigiblc asscis 9.646 CURRENT ASSETS Debtors Cash at bank 47,250 19.992 47.250 19.992 CREDITOILS: amounts falling due wi¢hin on¢ year 1,51)0 250 NET CURRENT ASSETS 45.7.40 19,742 NET ASSETS 55J96 19,742 CHARITY FUNDS Unrestricted funds 55.396 19.742 Restricted funds TOTAL FUNDS 55J96 19,742 The financial statcmcnts were approved by the Tru51ffs and Signed on their bchalf. by.. Gabriel Adunmade Signature. Date.. 141812025 The notes on page5 1 O forni part of these financial statements 101 Page
NOTES TO THF. FINANCIAL STATF.MF.NT FOR THE YEAR ENDED31 MARCH 21b25 I. ACCOUNTING POLICIES 1.] Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention. with ihe cxc¢ption of inv¢5tmcn15 which included at markct valu¢. and in accordance with the Charities SORP IFRS 10?). and the Financial Retrtirting Srandard applicable in ihe UK and Republic of Ireland IFRS 10?). 1.2 Fund aeeountin% General ndS are unresiricied funds which are available for use ai the discretion of the Trustccs in furthcrancc of thc g¢ncral objcctiv of th¢ charit). and which have not designaied for other purposes. Resiricted funds are fijnds which are to be used in accordance with specific restrictions imposed by donors or w.hiLh hal'e been raised b!" Ihe charil>' for particular purposes. The ¢osts of raisin&r and administeringy such funds are charged againsi the specific (und. The aim and use of each restricted fund is Set oui in the noies to the financial slalements. 1.3 Incoming resourees All incomin&r resources are included in lh¢ Siatement of financial activiti when the charity has eniitlement (o the funds. cenainiy ofreceiN and ihe amount can be measured with sufficient reliability. Donai¢d services or fa¢ililies. which Comprise donated services. are included in income ai a valuation which is an eslimaie ofihe financial cosi E¥)rne bj the donor where such a c05t 15 quantifiable and MeUrabIe. No income is recognised where there is no financial cost borne by a ihiTd part).. Income tax recoverable in relation lo donations received under Gift Aid or deeds ofcovenant Is reeobwnised ai the time of the donaiion. 1.4 Resour¢¢s ¢xpend¢d Expenditure is accounted for on an accruals basis and has been included under expense Latebjories thai ab&JrebSaie all costs for allocation 10 activilies. Where cosis cannot be directly attributcd to activilics. th¢y hav¢ b¢¢n allocai¢d on a t05L5 cons1St¢ni wilh th¢ of th¢ resources. Fundraising costs are ihose inLurred in seeking voluniarv coniribuiions and do nol inLlude ihe costs of di55eminating information in 5UPPOrt ofthe charitable activities. SupTX)rt Costs ar¢ Ihose costs incurred direcily in support of expenditure on the objects of the charity and inLlude project mana&7emeni carried out ai Head4uarters. Governance cosls are ihose incurred in connection with admini5trdtion of the charil}" and compliance Mith constitutional and stalutory r¢quir¢n)¢nts. Grants payable are charged in ihe year when the offer is made except in those cases where the offer is conditional. such granis being recognised as eXndItUre when ihe conditions attaching are fulfilled. Grdnts offered subject to conditions w'hich have not been met at th¢ yearend are noted as a commitmeni but not accrued as expendiiure.
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 {CoDtjDu¢d} 2. Prior Year Adjustment During ihe curreni financial year. the trustee5 identified two issues with the prior year's financial siaiemenis.. 2.1 In¢orrert r¢porting period The accounts filed in the previous year were prepared for the year ended 30June 2024 rather than the charity's regisiered year-end of 31 MurL.h 2024. This resulied in the inclusion or three months of iransaciions IApril-June O?4) Ihai relaied to ihe current financial >'ear. 'fhe comparatives in these financial staien)ents have been restated io reflect ihe COTrect reporting period ol. l April 2023 to i l March 2024. 2.2 Materi81 misstatements In ihe financial Sthiements prepared to io June 20?4. the nk balan¢e was overslated by £11.455 and deor5 b>. £45.9J8. These m1ssthlemen have en corrected in the resia(ed compara(ives for the year ended 31 March 20?4. The combined effe¢¢ of removingv ihe addilional ¢hree monihs and ¢orre¢ting¥ ihese misstsiemenis is a reduction in total a55ets and total funds of £57.393 compared with ihe figures published in the 30 June 2024 aLcount5. The etTe¢t of this adjustment is summarised below.. Published 30 2024 Adjuslm¢nt R¢st8l¢d 31 Mr¢h 2024 Bank £31.447 {£11.4551 £19.992 Debiors £45.938 (£45.9381 £0 Total funds £77.135 {£57.3931 £19.742