THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)
THE FRUITFUL VINE
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3RD DECEMBER 2024
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)
THE FRUITFUL VINE
| Page | |
|---|---|
| CORPORATE INFORMATION | 3 |
| REPORT OF THE BOARD OF TRUSTEES | 4 |
| INDEPENDENT EXAMINER’S REPORT | 7 |
| STATEMENT OF FINANCIAL ACTIVITIES | 8 |
| STATEMENT OF FINANCIAL POSITION | 9 |
| ACCOUNTING POLICIES | 10 |
| NOTES | 11 |
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CORPORATE INFORMATION
| Charity Registration Number: | 1204604 | ||
|---|---|---|---|
| Principal Address: | Old Mill Road | ||
| Sunderland | |||
| SR5 5TP | |||
| General Overseer: | Pastor E.A. Adeboye | ||
| Board of Trustees: | The trustees who served during | the | period were as follows: |
| Mr Echezona Ejike Udokanma | - | Chairperson | |
| Miss IfeOluwa Dele-Ajayi | - | Member | |
| Mr Abiodun Abidemi Agbaje | - | Member | |
| Minister-in-Charge: | Pastor Kenneth Achinewhu | ||
| Bankers: | Lloyds Bank Plc | ||
| 54 Fawcett St, Sunderland, | |||
| SR1 1ST |
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REPORT OF THE BOARD OF TRUSTEES
The trustees present their report with the financial statements of the charity for the year ended 3[rd] December 2024. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
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".
Governing Document
The charity is an unincorporated association governed by a constitution. Eligibility for members of charity and members of board of trustees is governed by the constitution.
There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
Organisation Structure
The church is organised such that the trustees meet at regular intervals to manage its affairs. The day-to-day activities of the church is administered by the Pastor-in-charge:-
Pastor Kenneth Achinewhu
Volunteers
Many volunteers sacrifice their time to help with the routine activities of the church. We are greatly indebted to these volunteers for their unwavering commitment and support.
Appointment of New Trustees
Trustees are appointed by strict spiritual guidelines and biblical qualities that mirror Christ-like attributes. There was no trustees’ remuneration or other benefits.
The trustees who served during the period were as follows:
| Mr Echezona Ejike Udokanma | - | Chairperson |
|---|---|---|
| Miss IfeOluwa Dele-Ajayi | - | Member |
| Mr Abiodun Abidemi Agbaje | - | Member |
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 confirms that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate these risks.
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Related Parties
RCCG The Fruitful Vine is a member of Redeemed Christian Church of God (RCCG) which has parishes in many countries of the world. The relationship between the parishes and RCCG is governed by an agreement for common purposes.
Principal Funding Sources
The sources of fund are provided mainly through tithes and offerings by church members and gift aid.
Objects and Activities
The principal object is the advancement of Christian Faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objective, the charity adopted the following strategies;
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Conducting Sunday worship services, midweek Bible study and prayer meetings;
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Running seminars in the church with proven ministers of faith to guide members in the various aspects of Christian faith;
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Support for other charities and Christian events; and
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Regular visitation within the local community to provide required support.
The activities for achieving its objectives include:
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Community outreach events
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Conferences and events (e.g., campaigns against domestic violence)
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Welfare support to members and general public
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Various missionary activities
Achievements and Future Developments
This year we have successfully share our Christian faith by promoting positive values to reduce domestic violence in our communities, providing support for struggling families and many more community-oriented events.
As we pursue life transforming programmes and embark on spreading the gospel of Christ, we anticipate transformation in peoples’ life and growth in membership that will lead to planting of more parishes.
Indeed, the present level of funding is sufficient to support the continuation of the church objectives.
Financial Reviews
During the period, unrestricted fund of £22,198 was received in voluntary income and total unrestricted fund expended was £14,242, thus resulting in operating surplus of £7,957. Cash in bank at the end of the period was £9,569.
Trustees’ Responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with
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applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accrual’s basis and have been examined by an independent examiner, whose report is also appended.
This report was approved by the Board of Trustees and signed on their behalf by:
On behalf of the charity:
_ E.E.U __ 21/06/2025___ Mr Echezona Ejike Udokanma Date Trustee
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INDEPENDENT EXAMINER’S REPORT
Report to the trustees/members of: The Redeemed Christian Church of God (RCCG), The Fruitful Vine On accounts for the year ended: 3[rd] December 2024, set out on pages 8 - 13 Charity Number: 1204604
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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity commission (under Section 145(5) (b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the Independent Examiner’s Report
My examination was carried out in accordance with the 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 you as 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:
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(1) which give me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act;
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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.
Signed: O.A. Date:
Name: Olalekan Aladesanmi, FAIA
Address: 1 Hendon, Road, Sunderland, SR1 2AN
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STATEMENT OF FINANCIAL ACTIVITIES
Year Ending 3[rd] December 2024
| Notes INCOMING RESOURCES Donations, Legacies and similar incoming resources 3 Activities in furtherance of charity's object 4 Total Incoming Resources RESOURCES EXPENDED Grants Paid 5 Costs of activities for Charitable objectives 6 Support costs 7 Management and Governance Cost 8 Total Resources Expended Net (Resources expended/Incoming Resources) Total Funds brought forward Total Funds carried forward |
2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 22,198 - 22,198 - - - 22,198 - 22,198 2,256 - 2,256 4,439 - 4,439 6,146 - 6,146 1,400 - 1,400 14,242 - 14,242 7,957 - 7,957 - - - 7,957 - 7,957 |
|---|---|
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STATEMENT OF FINANCIAL POSITION
Year Ending 3[rd] December 2024
| Notes Non-current Assets Tangible Assets 9 Current Assets Cash in Bank Short Term Liabilities -Creditors (amount falling due in one year) 10 Net Current Assets Net Assets Charity Funds Unrestricted Restricted Total Charity Funds 11 |
2024 Total Funds £ 3,387 |
|---|---|
| 9,569 | |
| 9,569 | |
| 4,999 | |
| 4,569 | |
| 7,957 | |
| 7,957 - |
|
| 7,957 |
The financial statements were approved by the Board of Trustees on 21/06/2025 and were signed on its
behalf by:
__ E.E.U_ _______
Mr Echezona Ejike Udokanma Trustee
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ACCOUNTING POLICIES
1. Accounting Policy
The fundamental accounting policies, all of which have been consistently applied throughout the year, are set out below:
(a) Scope and Basis of Preparation
The financial statements of RCCG The Fruitful Vine have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
(b) Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
(c) Incoming Resources
All incoming resources are accounted for when the Charity is legally entitled to the funds and the amount can be quantified with reasonable accuracy.
(d) Resources Expended
All expenditure is accrued for on accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
(e) Cash flow
The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective June 2002).
(f) Tangible Fixed Assets and Depreciation
Depreciation is charged on an annual rate on a reducing balance basis in order to write off each asset over its estimated useful life.
Asset Category Annual Rate Fixtures and Fittings 20% on cost Equipment 20% on cost
(g) Taxation
- 2) The charity is exempt from corporation tax on its charitable activities.
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NOTES
| 3. Donation, Legacies and Similar Incoming Resources Tithes Offering Thanksgiving First Fruits Seed of faith Welfare Projects Others 4. Activities in Furtherance of Charity Object Grant Received - Gift aid scheme 5. Grants Paid (Institutional and Non- institutional) RCCG - World Evangelical Mission RCCG - Central Office Fund RCCG - Area Dues Youth and Young Adults (YAYA) Relief Fund Africa Mission |
2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 8,832 - 8,832 7,039 - 7,039 551 - 551 500 - 500 1,038 - 1,038 1,285 - 1,285 2,269 - 2,269 684 - 684 22,198 - 22,198 2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ - - - - - - 2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 200 - 200 600 - 600 350 - 350 600 - 600 346 - 346 160 - 160 2,256 - 2,256 |
2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 8,832 - 8,832 7,039 - 7,039 551 - 551 500 - 500 1,038 - 1,038 1,285 - 1,285 2,269 - 2,269 684 - 684 |
|---|---|---|
| 22,198 - 22,198 |
||
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2024
| 6. Cost of Activities for Charitable Objectives Rent 7. Support Costs Accommodation Postage/Stationeries Travel /Transport Welfare/Hospitality Printing Insurance IT expenses - internet, website and mobile Depreciation |
Unrestricted Funds Restricted Funds Total Funds £ £ £ 4,439 - 4,439 |
|---|---|
| 4,439 - 4,439 |
|
| 2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 545 - 545 50 - 50 423 - 423 2,084 - 2,084 679 - 679 420 - 420 493 - 493 1,452 - 1,452 |
|
| 6,146 - 6,146 |
| 8. Management and Governance Cost Honorarium Continental Ordained Ministers Conference (COMC) |
2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 1,010 - 1,010 390 - 390 |
|---|---|
| 1,400 - 1,400 |
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9. Non-current Assets: Tangible Assets
| Fixtures | |||
|---|---|---|---|
| & Fittings | Equipment | Total | |
| Cost | £ | £ | |
| As at 6 September 2023 | - | - |
- |
| Additions | 212 | 4,627 | 4,839 |
| At 4 December 2024 | 212 | 4,627 | 4,839 |
| Depreciation | |||
| As at 6 September 2023 | - | - |
- |
| Charge for the year | 64 | 1,388 | 1,452 |
| At 3 December 2024 | 64 | 1,388 | 1,452 |
| Net Book Value | |||
| At 3 December 2024 | 148 | 3,239 | 3,387 |
| 2024 | |||
| £ | |||
| 10. Creditors: Amount Falling Due | Within One Year |
4,999 |
11. Movements in funds
| Unrestricted Funds General Funds Restricted Funds Restricted Total Funds |
At 06/09/2023 net movement in funds At 03/12/2024 £ £ £ - 7,957 7,957 - - - |
|---|---|
| - 7,957 7,957 |
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