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2024-12-31-accounts

REDEEMED CHRISTIAN CHURCH OF GOD

GREEN PASTURES PARISH

TRUSTEE’S REPORT AND ANNUAL ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

1

REDEEMED CHRISTIAN CHURCH OF GOD

GREEN PASTURES PARISH

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 8
Statement of Financial Activities 9
Statement of Financial Position 10
Cash Flow Statement 11
Accounting Policies 12
Notes 13

2

Corporate Information

Charity Registered Number: 1203178 Company Registered Number: 14778670

Board of Trustees

Miss Josephine Oriakhi

Mr George Akinwumi

Mr Tokunbo Ibikunle

Mrs Elizabeth Joel

Mr Emmanuel Jones-Udokpan

Registered Office

101 Jarrom Street (former Salvation Army Building) Leicester LE2 7DX

Bankers:

Natwest Bank Plc

Granby Street

Leicester

LE1 9GT

3

Board of Trustee’s Report

1.0 Introduction

The Board of Trustees present their report and accounts for the year ended 31st December 2024.

1.1 Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".

1.2 Structure, Governance and Management

1.2.1 Governing Document

The charity is constituted under memorandum and articles dated 04 April 2023.

1.2.2 Trustee Appointments

Trustees are appointed under the terms of the trust deed.

1.2.3 Induction and Training of New and Old Trustees

New Trustees are given induction on appointment, explaining the overview objectives of the charity and the requirements of the Charity Commission. All trustees were sent on training to develop and enhance their knowledge. Various relevant bulletins from the Charity Commission are forwarded to trustees to update them on specific changes and developments on what is expected of them as trustees.

1.2.4 Organisational Structure

The spiritual aspect of the church is handled by the Parish Pastor and the day to day running of the charity is overseen by the Trustees and Board of Ministers, who meet regularly to review the operations of the church and also make decisions on major issues affecting the church.

The church’s key activities and operations are centred on the various constituent cellular groups: Men, Women, Youth and Singles, Teenagers and Children for effective organisation. The cellular structure is effective at ensuring that the expectations and needs of every group are adequately met.

1.2.2 Related Party Relationship

RCCG, Green Pastures Parish Leicester, is a member of the Redeemed Christian Church of God (RCCG), a global church with parishes in over 190 countries. The relationship is governed by an “Agreement for Common Purposes” between the parish and RCCG. The referenced “Agreement for Common Purposes” document is constantly monitored and recommended for updates, to take cognisance of unfolding events (policies, regulations) in the United Kingdom.

4

Board of Trustee’s Report

1.2.2 Risk Management

The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.

2.0 Objectives and Global Outreach

2.1 Objectives and Activities

RCCG Green Pastures Parish objectives are categorised under the following five themes:

2.2 Grant Making Policies

Under the “Agreement for Common Purposes”, Green Pastures Parish Leicester has agreed to make regular contributions to the World Evangelism Mission (WEM) through RCCG Central Office UK. We support Africa Missions, an aid relief Agency to underprivileged people and communities, mainly in Africa. We also actively and strongly support missionary organisations, such as Festival of Life, Good Women Fellowship, Annual Conventions held at the RCCG National Headquarters.

2.3 Contributions Made by Volunteers

The charity enjoys the services of various volunteers, who contribute enormously in various areas of service provision, development and implementation of the church’s vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations.

2.4 Achievement and Performance

The charity's main activities are tailored towards developing both physical and spiritual needs of the local community.

Notably this year:

Church Planting:

Planting one additional parish- Love Assembly, Melton Mowbray in April 2024.

RCCG Campground:

Support towards the Campground- The church continues to spearhead the RCCG Camp Sanitation Department by Coordinating all the people involved in that department.

5

Board of Trustee’s Report

School of Mission-RECSOM:

Hosting of School of Missions Campus in the Midlands in our church since February 2018 continues to be a remarkable event accomplished every year. This continues this year, and the church sponsored 7 students to graduate with Tent Making Certificate and Diploma Programmes in Mission.

Evangelism:

Networking and working with Mission 24 for monthly evangelism in our city along with other churches. We also sponsor and took part in the yearly Walk of Witness during the Easter Celebration in our City.

Medical Charity:

The annual Genes for Jeans programme also held in September and we raised about £500 to support the charity that supports children with Genetic Disorders.

Charitable Welfare:

We supported Widows of Hope charity in Nigeria and also two of our late Pastors Widows with hundreds of thousands of naira.

The church also supported many students and church members with tuition fees and other welfare needs. The church also networked one of our churches in Asaba to offer mental health support to a church worker by paying his bills at The University of Benin teaching hospital.

Medical Research & Exercise:

We also in conjunction with NHS Leicester Research Council, started hosting the monthly BRC programme which is to encourage healthy exercise and also create a platform to allow our congregants to participate in research projects which would taking into consideration results from our ethnicities as part of the overall research projects.

3.0 Financial Reviews

During the period, the charity received £306,300 in total income and total resources expended were £284,258, resulting in a surplus of £22,042. Cash at the end of the period was £37,279.

This financial support mainly from member donations continues to enable the church to be self-sustaining in meeting its day-to-day operational needs, planned investments in equipment and in fulfilling a myriad of public benefit and charitable services.

As a result of sustainable income support streams a considerable number of Christian and Non-Christian organisations, charities and visiting ministers as well as various other charitable objectives and community needs are being continually met.

The present level of funding is adequate to support the continuation of the church objectives. The charity is aware of the need to have a documentary policy in place regarding reserve; this is constantly under review and development by the trustees.

6

Board of Trustee’s Report

3.1 Principal Funding Sources

The Charity’s main source of fund this year has been through voluntary donations from members.

4.0 Future Development

4.1 Social Action Group

A proposal is in place for the formation of Social Action Group within the charity. The aim and objective of the Group is to feed the Homeless and Senior Citizens on a weekly basis. This is a community outreach initiative that is aimed at showing the Love of Christ for all, especially targeting the socially deprived and disadvantaged in Leicester.

Social Action Group plans to create a forum for befriending services, social interaction and a “YOU ARE NOT ALONE THEME” for all users. Counselling may also be provided for as many people as needed counselling.

4.2 After School Club and Crèche Facilities

The charity is considering the use of part of the building for an after-school club and crèche facility, as part of future development plans.

4.3 Membership Empowerment Programme

The charity intends also to embark on providing empowerment Training and Workshops to its members and the immediate community. Awareness Training and Seminars on Health and Safety, Child Protection Policy, Immigration, Legal Education, Career Development, Financial Education, Economic Empowerment and Entrepreneurship among others will be organised from time to time.

This report was approved by the Board of Trustees on 27/10/2025 and signed on their behalf by:

Full Name: Mr George Akinwumi

Signature:

Position: Chairman Date: 27/10/2025

7

Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God, Green Pastures Parish On accounts for the year ended: 31st December 2024, set out on pages 9 - 15 Charity No: 1203178

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’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:

Basis of independent examiner’s statement

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 includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees 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 examiner’s statement

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 27/10/2025

Name: Tobi Labeodan FCCA, for and on behalf of Chedders Ltd

Relevant professional qualification(s) or body (if any): ACCA

Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden, B95 5FY

8

Statement of Financial Activities

For year ended 31st December 2024:

Notes
Income:
Donations and legacies
1
Other income (Grants)
1
Total Income
Total Income
Expenditures on:
Charitable Activities
2
Other Charitable Activities
2
Other Costs
2
Total Expenditures
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 January 2024
Total funds carried forward at 31 December 2024		 2024
2024
2024
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
247,430
247,430
58,870
-
58,870
306,300
-
306,300
306,300
-
306,300
204,684
-
204,684
75,593
-
75,593
3,981
-
3,981
284,258
-
284,258
22,042
-
22,042
-
-
22,042
-
22,042
484,395
-
484,395
506,438
-
506,438		 2023
2023
2023
Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
268,120
-
268,120
82,197
-
82,197
350,317
-
350,317
350,317
-
350,317
174,638
-
174,638
78,511
-
78,511
8,978
-
8,978
262,127
-
262,127
88,190
-
88,190
-
-
88,190
-
88,190
396,205
-
396,205
484,395
-
484,395

9

Statement of Financial Position

For year ended 31st December 2024

Notes
Fixed Asset
Tangible assets
3
Total Fixed Asset
Current Assets
Loans & Advances
Accrued Income
Cash at bank and in hand
Other Debtors
Total Current Assets
Creditors: amounts falling due within one year
Other Creditors
Other Current Liabilities
Bank loans and other finance (short term)
Total Creditors: amounts falling due within one year
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Bank loans and other finance (long term)
Other Non-Current Liabilities
Total Creditors: amounts falling due after more than one year
Total net assets (liabilities)
The funds of the charity:
Revaluation Reserve
General reserves
Surplus/(Deficit) for the year
Total charity funds		 2024
£
744,543
744,543
14,610
58,630
37,279
-
110,519
(3,391)
36,300
32,909
77,610
822,153
315,716
315,716
506,438
207,256
277,139
22,042
506,438		 2023
£
770,013
770,013
14,585
55,705
23,217
-
93,507
(3,918)
36,300
32,382
61,124
831,137
346,742
346,742
484,395
207,256
188,949
88,190
484,395

10

Cash Flow Statement

For year ended 31st December 2024

Operating Activities
Net Income
Adjustments to reconcile Net Income to Net Cash provided by
operations:
Other Debtors
Prepayments
Accrued Income
Loans & Advances
Other Creditors
Net cash provided by operating activities
Investing Activities
Fixtures & Fittings
Property
Machinery & Equipment
Office Equipment
Motor Vehicles
Net cash provided by investing activities
Financing Activities
Other Non-Current Liabilities
Vehicle Finance
Net cash provided by financing activities
Net cash increase for period
Cash at beginning of period
Cash at end of period		 2024
22,042
-
-
(2,925)
(25)
526
19,619
3,266
16,386
(2,075)
7,892
25,469
(31,026)
-
(31,026)
14,062
23,217
37,279		 2023
85,635
-
-
(38,754)
(1,320)
1,163
46,725
(351)
244,260
(6,529)
7,892
245,273
(305,054)
-
(305,054)
(13,056)
36,274
23,217

11

Accounting Policies

Scope and Basis of the Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase of £500 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and fittings 25%
Equipment 20%
Vehicles 25%
Property 4%

12

Notes to the Financial Statements

For year ended 31st December 2024

1
Income
Income
Donations and legacies
Restricted Income
Total donations & legacies
Other income
Gift Aid Receipts
Other income
Total other income
Total Income
2
Expenditures
Charitable Activities
Premises
Utilities
Travel
Motoring & Transportation
Insurance
Administration
Advertising
Operations
Finance Charges
Depreciation
Honorarium
Total Charitable Activities
Other Charitable Activities
Outreach
Central Office
Welfare & Benevolence
Charitable Donations
Total Other Charitable Activities
Other Costs
Professional fees and services
Accountancy
Legal fees
Other cost
Total Other Costs		 2024
£
247,430
-
247,430
58,638
232
58,870
2023
£
268,120
-
268,120
81,930
267
82,197
306,300
2024
£
23,596
12,976
2,281
6,602
7,654
56,837
432
21,888
32,109
33,649
6,660
204,684
9,426
44,397
8,324
13,447
350,317
2023
£
18,916
11,802
5,071
2,857
7,005
37,946
717
35,705
16,851
22,193
15,575
174,638
2,705
42,034
24,175
9,597
75,593
3,981
-
3,981		 78,511
4,119
4,859
8,978

13

Notes to the Financial Statements

3 Tangible assets

Cost
At 1st Jan 2024
Additions
Disposals
Revaluations
At 31st Dec 2024
Depreciation
At 1st Jan 2024
Charge for the year
Adjustments
At 31st Dec 2024
Net Book Value
At 1st Jan 2024
At 31st Dec 2024		 Property
£
819,286
819,286
82,180
16,386
98,565
737,107
720,721		 Vehicles
£
42,370
-
-
42,370
32,503
7,892
-
40,396
9,867
1,974		 Equipment
£
28,283
8,180
36,463
14,038
6,105
20,143
14,245
16,320		 Fixtures &
Fittings
22,601
-
22,601
13,806
3,266
-
17,072
8,795
5,529		 Total
£
912,540
8,180
-
-
920,720
142,528
33,649
-
176,177
770,013
744,543

4. Related Party Transactions

During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.

5. Trustee Remuneration & Expenses

During the year, there were not payments or reimbursement of expenses to trustee members.

14

Notes to the Financial Statements

6. Staff cost and numbers

Wages and salaries
Social security costs		 2024
£
51,104
1,159
52,263		 2023
£
32,639
605
33,244

No employee received remuneration amounting to more than £60,000 in the year

Number of staff

Pastoral
Admin		 2
-
2		 2
-
2

15