**Charity number: 1199895** # **RCCG SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2025** ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the CIO, its Trustees and advisers**|1| |**Trustees' report**|2 - 4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 18| ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025** |Trustees
TOLU EGODIBIE|Trustees
TOLU EGODIBIE| |---|---| ||CHRISTOPHER JERRY| ||CELESTINE GYAMPO| ||LINDA CHUKWUEMEKA| |**Charity registered**
**number**
1199895
**Principal office**
55 Woods Lane
Derby
DE22 3UD
**Accountants**
GIL Accountancy Services
177 Ballens Road
Chatham
Kent
ME5 8PG
**Bankers**
HSBC BANK
15 UTTOXETER ROAD
MICKLEOVER
DE3 0DA
**Pastor-in-charge**
PASTOR JAMES EGODIBIE|| Page 1 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025** The Trustees of RCCG SOLID ROCK PARISH DERBY are pleased to present their annual report together with the financial statements for the year ending 31 MARCH 2025. This report provides an overview of the charity’s activities, achievements, and financial performance over the past year. ## **Objectives and activities** ##  **Policies and objectives** The charity’s objects are to advance the Christian faith and to relieve poverty, sickness, and distress within Derby and surrounding communities, in accordance with Charity Commission guidance. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. The activities carried out during the year provided clear benefit to the public through worship, community support, training, Hamper Distribution and outreach services. ##  **Activities undertaken to achieve objectives** During the year ended 31 March 2025, RCCG Solid Rock Parish Derby continued to pursue its charitable objectives through the following key activities: ## **Worship and Faith Activities** - Regular weekly worship services and prayer meetings - Bible study, teaching, and discipleship programmes - Special services and conferences open to the wider community ## **Community Outreach and Social Impact** - Food support and assistance to individuals and families in need - Christmas Hamper Distribution for 2000 people - Support for the homeless and vulnerable members of the community - Mental health awareness sessions and pastoral care - Youth empowerment, skills training, and mentoring initiatives ## **Training and Development** - Leadership and personal development programmes - Workshops aimed at spiritual growth, employability, and wellbeing The trustees are pleased with the positive impact of these activities and the continued engagement of volunteers and beneficiaries throughout the year. ## **Financial review** ##  **Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. Page 2 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025** ##  **Reserves policy** The trustees have established a reserves policy to ensure financial stability and sustainability. The aim is to maintain unrestricted reserves sufficient to cover approximately two months of operating costs. At the year end, reserves were considered adequate for the charity’s current needs. ##  **Material investments policy** The charity does not engage in high risk investments. Any surplus funds are held in bank accounts to support future charitable activities. ##  **Principal funding** The main sources of income were voluntary donations, grants, and fundraising activities. Expenditure was primarily incurred in delivering charitable activities, premises costs, and administrative support. Please refer to the statement of financial activities and balance sheet for details of our financial performance for the year. ## **Structure, governance and management** ##  **Constitution** The Redeemed Christian Church of God – Solid Rock Parish Derby is a registered charity, number 1199895, and is constituted under a CIO - Foundation model. ##  **Methods of appointment or election of Trustees** The management of the CIO is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO - Foundation model. ##  **Organisational structure and decision-making policies** The trustees are responsible for the running of the affairs and the management of the funds of the Trust, through the Pastor James Egodibie. The trustees meet regularly to discuss the affairs of the Trust as well as the funds, donations and reports received from members and other key stakeholders. ## **Plans for future periods** In the coming year, the trustees plan to: - Expand community outreach and welfare programmes - Strengthen youth and family support initiatives - Increase volunteer engagement and training - Continue prudent financial management and governance The trustees remain committed to ensuring the charity continues to serve the community effectively and sustainably. Page 3 THE REDEEMED CHRISTIAN CHURCH OF GOD- SOLID ROCK PARISH DERBY {CHARiff INCORPORATED ORGANISATIONI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Staternant of Trustses. rgsponslbllltles The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United Kingdom Accounb'ng Standards (United Kingdom Generally Accepted Accounting Practice). The taw applicable to charities in England & Wales requires the Trustees to prepare financial stslements for each financial which give a true and fair view of the stste of affairs of the CIO and of ils incoming resources and application of resources. induding ils income and expenditure. for that period. In preparing these financial statements, the Trustees are required to.. select suttable accounting policies and then appty them Consistently: observe the methods and principles of the Chartknes SORP IFRS 102}'. make judgments and accounting estimates that are reasonable and prudent., stste whether applicable UK Accounting Standards {FRS 1021 have been followed. subject to any material departures disclosed and explained in the financsal slalements.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the CIO will continue in business. The Trustees are responsible for keeping adequate accounting record5 that are sufficient to show and exp18in the CIO'S transactions and disclose wth reasonable accuracy at any time the ffinancial position of the CIO and enabte them to ensure that the financial statements comply with the Charities Act 2011. the Charity (Accounts and Rgportsl Regulations 2008 and the provisions of the CIO - Foundation model. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevents'on and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 23 January 2026 and signed on their behatf by: CEL (Chair INEG f Trustaesl po Page 4 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025** ## **Independent Examiner's Report to the Trustees of RCCG Solid Rock Parish Derby ('the CIO')** I report to the charity Trustees on my examination of the accounts of the CIO for the year ended 31 March 2025. ## **Responsibilities and Basis of Report** As the Trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Since the CIO's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies. Your attention is drawn to the fact that the CIO has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the CIO as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Signed: Dated: 23 January 2026 D Tabiri FCCA 177 Ballens Road, ME5 8PG Page 5 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** |**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net income**
Transfers between funds
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**392,580**
**392,580**
**217,392**
**217,392**
**175,188**
**(190,455)**
**(15,267)**
**202,972**
**(15,267)**
**187,705**|**Restricted**
**funds**
**2025**
**£**
**137,061**
**137,061**
**62,686**
**62,686**
**74,375**
**190,455**
**264,830**
**-**
**264,830**
**264,830**|**Total**
**funds**
**2025**
**£**
**529,641**
**529,641**
**280,079**
**280,078**
**249,563**
**-**
**249,563**
**202,972**
**249,563**
**452,535**|_Total_
_funds_
_2024_
_£_
_338,578_| |---|---|---|---|---| |||||_338,578_| |||||_322,174_| |||||_322,174_| |||||_16,404_
_-_| |||||_16,404_| |||||_186,568_
_16,404_| |||||_202,972_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 8 to 18 form part of these financial statements. Page 6 THE REDEEMED CHRISTIAN CHURCH OF GOD- SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed assets Tangible assets 200.770 195,903 200,770 195,903 Current assots Debtors 10 358.051 78,844 7,446 132,070 Cash al bank and in hand 436,895 139,516 Current Ilablllties Creditors: amounts falling due wthin cffie year (64,386) (6,981) Net current assets 372.509 132.535 Total assgts less current Ilabllltles Creditors.. amounts falling due after more than one year 573.279 328.438 12 (120,744) (125,466) Total net assets 452,535 202,972 Charlty funds RestrÈcted funds Unrestricted funds 264,830 187.705 202,972 Totsl funds 452.535 202,972 The financial ststemenls were approved and authorised for issue by the Truste8s on 23 January 2026 and signed on their behatf by.. INE GYAMPO (Chair of Trustee51 The notes on pages 8 to 18 fom part of these finanaal statements. Page 7 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **1. General information** RCCG SOLID ROCK PARISH DERBY is a charity, registered in England and Wales. The charity's registered number and registered office address can be found on the Reference and Administration information page 1. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Redeemed Christian Church of God – Solid Rock Parish Derby meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **2.2 Income** All income is recognised once the CIO has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the CIO's objectives, as well as any associated support costs. Page 8 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **2. Accounting policies (continued)** ## **2.3 Expenditure (continued)** Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. ## **2.4 Tangible fixed assets and depreciation** Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following bases: |Freehold property|- 50years| |---|---| |Music equiment|- 25% straight line| |Motor vehicles|- 20% straight line| |Fixtures and fittings|- 25% straight line| |Office equipment|- 25% straight line| ## **2.5 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.6 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 9 # **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **2. Accounting policies (continued)** ## **2.7 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the CIO anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.8 Financial instruments** The CIO only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.9 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the CIO and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the CIO for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **3. Income from donations and legacies** |Donations
Grants
**Total 2025**|**Unrestricte**
**d funds**
**2025**
**£**
392,580
-
392,580|**Restricted**
**funds**
**2025**
**£**
86,446
50,615
137,061|**Total**
**funds**
**2025**
**£**
**479,026**
**50,615**| |---|---|---|---| ||||**529,641**| Page 10 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **3. Income from donations and legacies (continued)** |Donations
Grants
_Total 2024_|_Unrestricted_
_funds_
_2024_
_£_
_312,846_
_-_
_312,846_|_Restricted_
_funds_
_2024_
_£_
_-_
_25,732_
_25,732_|_Total_
_funds_
_2024_
_£_
_312,846_
_25,732_| |---|---|---|---| ||||_338,578_| ## **4. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Charitable activities
Governance costs
Other
Charitable activities
Governance costs|**Unrestricte**
**d funds**
**2025**
**£**
163,673
53,719
-
217,392
_Unrestricted_
_funds_
_2024_
_£_
_187,309_
_50,915_
_238,224_|**Restricted**
**funds**
**2025**
**£**
62,686
-
-
62,686
_Restricted_
_funds_
_2024_
_£_
_83,950_
_-_
_83,950_|**Total**
**2025**
**£**
**226,359**
**53,719**
**1**| |---|---|---|---| ||||**280,079**| ||||_Total_
_2024_
_£_
_271,259_
_50,915_| ||||_322,174_| Page 11 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **5. Analysis of expenditure by activities** |Charitable activities
Governance costs
Charitable activities
Governance costs|**Activities**
**undertaken**
**directly**
**2025**
**£**
202,927
49,922
252,849
_Activities_
_undertaken_
_directly_
_2024_
_£_
_240,524_
_48,881_
_289,405_|**Grant**
**funding of**
**activities**
**2025**
**£**
15,689
-
15,689
_Grant_
_funding of_
_activities_
_2024_
_£_
_22,991_
_-_
_22,991_|**Support**
**costs**
**2025**
**£**
7,743
3,798
11,541
_Support_
_costs_
_2024_
_£_
_7,743_
_2,035_
_9,778_|**Total**
**funds**
**2025**
**£**
**226,359**
**53,720**| |---|---|---|---|---| |||||**280,079**| |||||_Total_
_funds_
_2024_
_£_
_271,258_
_50,916_| |||||_322,174_| Page 12 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **5. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Staff costs
Depreciation
Publicity, printing & distributions
Books, DVD's & CD's
RCCG central office contributions
Rent & Hall hire
Light & Heat
Rates & Water
Telephone
Refreshments & Groceries
Hospitality
Transportation
Honorarium
Conferences, evangelism etc
Training
Accountancy, legal & professional
Sundry expenses
Insurance
Repairs & maintenance
Subscriptions
Hamper Project
Holiday Club|**Total**
**funds**
**2025**
**£**
**36,259**
**38,166**
**10,875**
**870**
**9,700**
**-**
**9,847**
**-**
**935**
**115**
**8,690**
**5,738**
**14,900**
**17,310**
**174**
**23,107**
**200**
**4,647**
**12,426**
**1,906**
**39,434**
**17,550**
**252,849**|_Total_
_funds_
_2024_
_£_
_32,138_
_58,999_
_11,932_
_22,772_
_11,484_
_800_
_9,957_
_1,820_
_-_
_196_
_6,632_
_3,620_
_6,391_
_12,780_
_981_
_5,600_
_1,239_
_3,306_
_14,905_
_1,953_
_45,094_
_36,806_| |---|---|---| |||_289,405_| Page 13 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **5. Analysis of expenditure by activities (continued) Analysis of support costs** |Bank charges
Computer costs
Mortgage interest costs|**Total**
**funds**
**2025**
**£**
**459**
**3,339**
**7,743**
**11,541**|_Total_
_funds_
_2024_
_£_
_806_
_1,229_
_7,743_| |---|---|---| |||_9,778_| ## **6. Independent examiner's remuneration** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Fees payable to the CIO's independent examiner for the independent||| |examination of the CIO's annual accounts|**750**|_550_| ## **7. Staff costs** |Wages and salaries|**2025**
**£**
**36,259**
**36,259**|_2024_
_£_
_32,138_| |---|---|---| |||| |||_32,138_| The average number of persons employed by the CIO during the year was as follows: ||**2025**|_2024_| |---|---|---| ||**No.**|_No._| |Staff|**2**|_2_| No employee received remuneration amounting to more than £60,000 in either year. Page 14 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **8. Trustees' remuneration and expenses** During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment capacity with the CIO for admin and management services rendered to the charity. The value of Trustees' remuneration and other benefits was as follows: TOLU EGODIBIE Remuneration |**2025**|_2024_| |---|---| |**£**|_£_| |**14,915**|_12,711_| During the year ended 31 March 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ . ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 April 2024
Additions
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
_At 31 March 2024_|**Freehold**
**property**
**£**
**200,000**
**-**
**200,000**
**32,000**
**4,000**
**36,000**
**164,000**
_168,000_|**Plant and**
**machinery**
**£**
**60,891**
**3,535**
**64,426**
**60,672**
**725**
**61,397**
**3,029**
_219_|**Motor**
**vehicles**
**£**
**21,826**
**18,850**
**40,676**
**20,911**
**8,135**
**29,046**
**11,630**
_915_|**Fixtures**
**and fittings**
**£**
**25,992**
**10,014**
**36,006**
**25,192**
**7,201**
**32,393**
**3,613**
_800_|**Office**
**equipment**
**£**
**144,842**
**10,835**
**155,677**
**119,073**
**18,105**
**137,178**
**18,499**
_25,769_|**Total**
**£**
**453,551**
**43,234**| |---|---|---|---|---|---|---| |||||||**496,785**| |||||||**257,848**
**38,166**| |||||||**296,014**| |||||||**200,771**| |||||||_195,703_| Page 15 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **10. Debtors** |**Due within one year**
Other debtors|**2025**
**£**
**358,051**
**358,051**|_2024_
_£_
_7,446_| |---|---|---| |||| |||_7,446_| ## **11. Creditors: Amounts falling due within one year** |Bank loans
Other loans
Other creditors
Accruals and deferred income|**2025**
**£**
**6,184**
**54,000**
**3,452**
**750**
**64,386**|_2024_
_£_
_6,184_
_-_
_244_
_553_| |---|---|---| |||| |||_6,981_| ## **12. Creditors: Amounts falling due after more than one year** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |Bank loans|**120,744**|_125,466_| ## **13. Financial instruments** ||**2025**|_2024_| |---|---|---| ||**£**|_£_| |**Financial assets**||| |Financial assets measured at fair value through income and expenditure|**78,844**|_132,070_| Financial assets measured at fair value through income and expenditure comprise cash at bank. Page 16 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **14. Summary of funds** ## **Summary of funds - current year** |**Balance at 1**
**April 2024**
**£**
General funds
**202,972**
Restricted funds
**-**
**202,972**
**Summary of funds - prior year**
_Balance at_
_1 April 2023_
_£_
General funds
_143,050_
Restricted funds
_43,518_
_186,568_|**Income**
**£**
**392,580**
**137,061**
**529,641**
_Income_
_£_
_313,386_
_25,732_
_339,118_|**Expenditure**
**£**
**(217,392)**
**(62,686)**
**(280,078)**
_Expenditure_
_£_
_(240,814)_
_(81,900)_
_(322,714)_|**Transfers**
**in/out**
**£**
**(190,455)**
**190,455**
**-**
_Transfers_
_in/out_
_£_
_(12,650)_
_12,650_
_-_|**Balance at**
**31 March**
**2025**
**£**
**187,705**
**264,830**| |---|---|---|---|---| |||||**452,535**| |||||_Balance at_
_31 March_
_2024_
_£_
_202,972_
_-_| |**Summary of funds - prior year**||||| |General funds
Restricted funds||||| |||||_202,972_| ## **15. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|**Unrestricte**
**d funds**
**2025**
**£**
200,770
172,066
(64,386)
(120,744)
187,706|**Restricted**
**funds**
**2025**
**£**
-
264,830
-
-
264,830|**Total**
**funds**
**2025**
**£**
**200,770**
**436,896**
**(64,386)**
**(120,744)**| |---|---|---|---| ||||**452,536**| Page 17 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **15. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_195,903_
_139,517_
_(6,981)_
_(125,466)_
_202,973_|_Total_
_funds_
_2024_
_£_
_195,903_
_139,517_
_(6,981)_
_(125,466)_
_202,973_| |---|---|---| Page 18