**COMPANY NUMBER 08266689 CHARITY NUMBER 1201991** ## **THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE** **FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** 1 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **CONTENTS** ||Page| |---|---| |Contents|2| |Reference and Administrative Details|3| |Trustees' Report|4| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Balance Sheet|8| |Notes to the Financial Statements|9| 2 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **LEGAL AND ADMINISTRATION INFORMATION** ## **Trustees** Clara Ometoruwa Olanrewaju Orimogunje Olubunmi Ade-El Elizabeth Abayomi-Dada Dr Adeyinka Okude **Registered Office** 14 Matthau Lane Oxley Park Milton Keynes MK4 4SY **Bankers** Barclays Bank 1 Churchill Place, London E14 5HP **Independent Examiner** Nathan Grace Ltd Suite 12 548-550 Elder House, Elder Gate Milton Keynes, MK9 1LR 3 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **TRUSTEES REPORT** The trustees present their annual report and the financial statements of The Redeemed Christian Chruch of God Tabernacle of His Presence for the year ended 31October 2024.The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02)(effective 1 January 2019). ## **Objectives of the Charity:** The advancement of Christian Faith, empowerment of members and involvement in local communities as set out in the Charity’s Article and Schedule, in accordance with the guidance issued by the Charity Commission for promoting the objects. ## **Achievements and Performance** The charity meets regularly for the promotion of physical and spiritual wellbeing of members and our immediate community at large. In the year under review, we’ve continued to reach out to the community through our Saturdays free coffee mornings. Apart from the members of the community coming in for a free drinks and chats, we also have a qualified counsellor/psychologist on ground who people can confidentially chat with and get signposted to various help and support where needed. In the year, we’ve had various programmes for the youths which have been beneficial to their career development plans and promoting their health and wellbeing. Our woman group has engaged in various programmes aimed at reaching out to our local care homes, in addition to ensuring support for one another which has been helpful in promoting their mental health and emotional wellbeing. We’ve continued to invest on our children ministry and this has helped children for a good bond and relationship with their peers and the children’s teachers, with a corresponding positive effects in their various homes and childhood development milestones. We’ve continued our partnership with other churches around Luton and the local community to send Christmas hampers to the less privileged in the communities. We organise Christmas carol with the local care home in our community as a way of bringing the joy of Christmas to the elderly in the care homes. We also partner with compassion UK and CAP UK to support people through their charities. 4 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **TRUSTEES REPORT** ## **Governance and Internal Control** The Trustees have the general oversight of the activities of the Charity through the setting up of strategic directions for the Charity and meet statutorily twice a year to review and set directions for the Charity. While the day-to-day running of the Charity is undertaken by the Parish Pastor, the trustees are consulted as at and when required ## **Financial Activities and Results** The Net incoming resources for the year amounted to £16,731 ## **Reserve Policy:** It is the policy of the charity to maintain unrestricted funds, which are reserves of the charity. This provides sufficient funds to cover any emergency expenditure that may arise from time to time. ## **Risk Management** The charity has assessed all the major risks to which the charity is exposed to, in particular, those related to operation and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks. ## **Trustee Responsibilities** The Charity Act 2005 requires the trustees to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to: - 1 Select suitable accounting policies and apply them consistently. 2 Make judgements and estimates that are reasonable and prudent. 3 State whether the applicable accounting standards have been followed. 4 Prepare financial statements on the going concern basis. They are responsible for keeping proper records which disclose with reasonable accuracy of the finances of the church at any time and 'to ensure that such accounts comply with the Charities Act 1993. They also have responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities. Approved by the Trustees on 10 August 2025 and signed on their behalf by ................C Ometoruwa....................................................... Clara Ometoruwa 5 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **INDEPENDENT EXAMINER'S REPORT** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 October 2024 which are set out on pages 7 to 10. ## **Respective responsibilities of trustees and examiner** The trustees of the Charity are responsible for the preparation of accounts. They consider that the audit requirement under section 43 (2) of the Charities Act 1993 does not apply. It is my responsibility to: - Examine the accounts under section 43 (2) of the 1993 Act. - Follow the procedures laid down in the general directions given by the Charity Commissioners made under section 43 (7) (b) of the 1993 Act. - State whether particular matters have come to my attention. ## **Basis of Independent Examiner's report** My examination was carried out in accordance with the general directions given by the Charity Commission and is in accordance with Regulation of the charity Account 2006, The 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 unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaking do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. ## **Independent Examiner's statement** In the course of my examination, no matter has come to my attention: - 1 Which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that: - Proper accounting records are kept in accordance with section 41 Of the 1993 Act and section 44 (1) (a) of the 2005 Act and Regulation 4 of the 2006 - Accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act: or - 2 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr. Olufemi Oyetunde (FCCA) NATHAN GRACE LTD Signature....................................... Date: ......10 August 2025 6 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024** |**Note**
3
**Total Income**
Raising funds
Charitable activities
4
**Expenditure on:**
Total funds brought forward
**_Total funds carried forward_**
**Total Expenditure**
**Net Income/(Expenditure)**
**Income and endowments from:**
Donations and legacies|**Unrestricted**
**funds**
**2024**
**£**
57,227
**57,227**
-
40,496
**40,496**
**16,731**
28,617
**45,348**|**Restricted**
**funds**
**2024**
**£**
-
**-**
-
**-**
-
**-**|**Total**
**funds**
**2024**
**£**
57,227
**57,227**
-
40,496
**40,496**
**16,731**
28,617
**45,348**|**Prior**
**year**
**2023**
**£**
34,297
**34,297**
0
43,737
**43,737**
**-9,440**
38,056
**28,617**| |---|---|---|---|---| 7 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **BALANCE SHEET AS AT 31 OCTOBER 2024** |Note
**Fixed assets**
**Current assets**
Other Current Assets
5
Cash at bank and in hand
**Total Current Assets**
**Creditors: amounts falling due within a year**
6
**Total Net Assets**
**Funds**
Restricted funds
7
Unrestricted funds
**Total Funds**|**2024**
**£**
-
3,500
42,548
**46,048**
**700**
**45,348**
-
45,348
**45,348**|**2023**
**£**
-
-
29,317
**29,317**
**700**
**28,617**
-
28,617
**28,617**| |---|---|---| The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies’ subject to the small companies’ regime and in accordance with FRS102 SORP. Signed on behalf of all the trustees ................C Ometoruwa....................................................... Date: ......10 August 2025 Clara Ometoruwa 8 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **1 General information** The charitable company is a private company limited by guarantee, incorporated in England on 24 October 2012 The address of its registered office is: 14 Matthau Lane Oxley Park Milton Keynes MK4 4SY ## **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 Companies Act 2006. Redeemed Christian Church of God ('RCCG')Tabernacle of His Presence 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 Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncetiainty that affect the carrying value of assets held by the charity ## **2.3 Income** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. ## _**Donatios and legacies**_ Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## **2.4 Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. ## **2.5 Charitable activities** Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessaty to support them. ## **2.6 Fund structure** Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. 9 **CHARITY NO 1201991 THE REDEEMED CHRISTIAN CHURCH OF GOD TABERNACLE OF HIS PRESENCE FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 OCTOBER 2024** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** |**3**
**Donations and legacies**
Donations
Gift aid
**Total Income**
**4 Expenditure on Charitable Activities**
Advertising & Publications
Charitable Contributions
Church Supplies
Equipment - Purchase/Hire
Events, seminars and conferences
Honorarium & Gifts
Insurance
Legal & Professional fees
Meals
Other grants to RCCG
Printing, postage and stationery
RCCG world evangelism mission
Rent & Accommodation costs
Repair and maintenance
Telephone & Internet
Training
Travel
Welfare expenses
**Total Expendture**
**5**
Other Current Assets
**6**
Accruals
Other Current Liabilities
7
**Restricted Funds**
**Unrestricted Funds**
General Funds
**Creditors: amounts falling due within a year**
**Other Current Assets**
**Movement in Funds**|**2024**
**Unrestricted**
**funds**
**£**
38,443
18,785
**57,227**
**2024**
**Unrestricted**
**funds**
**£**
718
3,612
644
13,181
1,900
1,844
324
3,310
1,192
1,390
348
0
7,660
1,010
86
1,650
170
1,456
**40,496**
**As of**
**01**
**November**
**2023**
**£**
-
28,617
**28,617**|**2024**
**Restricted**
**funds**
£
-
-
**-**
**2024**
**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**Incoming**
**Resources**
**£**
-
57,227
**57,227**|**2024**
**£**
38,443
-
**57,227**
**2024**
**£**
718
3,612
644
13,181
1,900
1,844
324
3,310
1,192
1,390
348
0
7,660
1,010
86
1,650
170
1,456
**40,496**
**2024**
**£**
3,500
**3,500**
**2024**
**£**
700
**700**
**Outgoing**
**Resources**
**£**
-
-40,496
**-40,496**|**2023**
**£**
34,297
-
**34,297**
**2023**
**£**
1,330
344
1,771
8,299
100
1,886
244
700
121
4,100
0
960
9,830
35
53
3,274
760
9,930
**43,737**
**2023**
**£**
0
**-**
**2023**
**£**
700
**700**
**As at**
**31**
**October**
**2024**
**£**
-
45,348
**45,348**| |---|---|---|---|---| 10