**Charity no 1206201** Company no 15218856
## **RCCG - Petra House**
## **Annual Accounts**
**1 April 2024 - 31 March 2025**
**Prepared by DTT Consultancy Ltd**
## **RCCG - Petra House**
|**REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS**|**REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS**|
|---|---|
||**FOR THE YEAR ENDED 31 MARCH 2025**|
|**General Overseer**|
Pastor Enoch Adeboye|
|**Trustees**|
Abolaji Emmanuel Lawal|
||Teslim Adegbuyi Bada|
||Motunrayo Temitope Oyegunle|
|**Minister In Charge**|
Seyi Oyegunle|
|**Charity registration no**|**1206201**|
|**Principal office**|
Petra home 6|
||Telegraph road|
||ANDOVER|
||SP11 6UF|
|**Independent Examiner**|
Tunji Ogedengbe|
||36 Daffodil Close|
||Hatfield|
||AL10 9FF|
|**Bankers**|
NATWEST|
## **RCCG - Petra House** Report of the Trustees FOR THE YEAR ENDED 31 MARCH 2025
## **FINANCIAL REVIEW**
## **Reserves policy**
The net surplus resources for the year amounted to £69,991 All these have been unrestricted reserves and no fund is allocated to restricted project. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, the free reserves, held by the church should be 3 months of annual expenditure. At this level, the trustees feel that it would be able to continue the current activities of the church in the event of significant drop in funding.
## **Principal funding sources**
This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
## **FUTURE DEVELOPMENTS**
The church will continue to explore various ways of spreading the gospel of Christ in an affective manner. The charity is also looking to grow in membership and continue to develop its members to make life - changing impact in society, plant more parishes and due to the increase in the number of members, our future plan is to accommodate those members and likely additional.
## **ON BEHALF OF THE BOARD:**
Date: 21st August 2025
Page 3 of 13
## **RCCG - Petra House**
## **INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 31 MARCH 2025**
I report on the financial statements of RCCG - Petra House for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
## **Respective responsibilities of trustees and independent examiner**
As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 trustees concerning any such matters. The procedures undertaken 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 connection with my examination, no matter has come to my attention:
- (i) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 41 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF
## **21st August 2025**
Page 4 of 13
|**RCCG**|**RCCG - Petra House**|**RCCG - Petra House**|**RCCG - Petra House**|**RCCG - Petra House**|**RCCG - Petra House**|**1148819**|
|---|---|---|---|---|---|---|
||Annualaccountsforthe period||||||
||Period start date|**1st Apr 2024**|**To**|Period end
date|**31st Mar 2025**||
||||||||
|**Section A**|**Statement of financial activities**||||||
|**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**g**
**generated funds**
Voluntary income
S01
Other
S02
**Gift aid**
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total resources expended_**
**_Total incoming resources_**
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on revaluation of fixed assets
for the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**
Prior Year Adjustment||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this year**
**Total last**
**year**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|||||
|||-|-|-|-|-|
|||160,471|-|-|160,471|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||160,471|-|-|160,471|-|
||||||||
|||68,843|-|-|68,843|-|
||||-|-|-|-|
||||-|-|-|-|
||||-|-|-|-|
|||21,437|-|-|21,437|-|
|||200|-|-|200|-|
|||-|-|-|-|-|
|||90,480|-|-|90,480|-|
|||69,991|-|-|69,991|-|
|||-|-|-|-|-|
|||69,991|-|-|69,991|-|
||||||||
|||-|-|-|-|-|
||||-|-|-|-|
|||69,991|-|-|69,991|-|
|||-|-|-|-|-|
|||69,991|-|-|69,991|-|
Page 5 of 13
## **RCCG - Petra House**
## **Section B Balance sheet as at 31st March 2025**
|**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 13)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 14)**
**Endowment funds(Note 15)**
**_Total funds_**
Signed by|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
|---|---|---|---|---|---|---|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||-|-|-|-|
|||66,106|-|-|66,106|-|
|||66,106|-|-|66,106|-|
||||||||
|||4,000|-|-|4,000|-|
||||||||
|||62,106|-|-|62,106|-|
||||||||
|||62,106|-|-|62,106|-|
||||||||
||||-|-|-|-|
|||-|-|-|-|-|
||||||||
|||62,106|-|-|62,106|-|
||||||||
|||69,991|||69,991|-|
||||||-|-|
||||-||-|-|
|||||-|-|-|
||||||||
|||69,991|-|-|69,991|-|
||||||||
|||Date of
approval
Print Name
Signature|||||
|||||||21-Aug-25|
||||||||
Page 6 of 13
**RCCG - Petra House**
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared on the basis of historic cost (except that investments are shown at market
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
• and with* Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);
- and with the Charities Act 1993.
- [** except for the following].
## _**Give details in this box if a different standard has been followed.**_
- -Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Fi** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any i l R ti St d d f S ll E t i (FRSSE)” changes in the boxes.
## **1.2 Change in basis of accounting**
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year .
## **1.3 Changes to previous accounts**
No changes have been made to accounts for previous years
Page 7 of 13
## **RCCG - Petra House**
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_
## **INCOMING**
These are included in the Statement of Financial Activities (SoFA) when: Grants and donations are only included in the SoFA when the charity has unconditional **Grants and donations** entitlement to the resources. **Tax reclaims on donations** Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to **and gifts** which they relate. **Contractual income and** This is only included in the SoFA once the related goods or services have been delivered. **performance related grants** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the **Gifts in kind** amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. **Donated services and** These are only included in incoming resources (with an equivalent amount in resources **facilities** expended) where the benefit to the charity is reasonably quantifiable, measurable and material _._ The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the **Volunteer help** trustees’ annual report. **Investment income** This is included in the accounts when receivable. **Investment gains and losses** This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. **EXPENDITURE AND LIABILITIES Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. **Governance costs** Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. **Grants with performance** Where the charity gives a grant with conditions for its payment being a specific level of service **conditions** or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. **Grants payable without** These are only recognised in the accounts when a commitment has been made and there are **performance conditions** no conditions to be met relating to the grant which remain in the control of the charity. **Support Costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. **ASSETS Tangible fixed assets for use** These are capitalised if they can be used for more than one year, and cost at least £500. They **by charity** are valued at cost or a reasonable value on receipt. **Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. **Stocks and work in progress** These are valued at the lower of cost or market value.
Page 8 of 13
**RCCG - Petra House**
## **Section C Notes to the accounts (cont)**
## **Note 3 Analysis of incoming resources**
## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_
|**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**
**Other**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||Contribution byMembers|160,471|-|
|||-|-|
||**Total**|160,471|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
Page 9 of 13
**RCCG - Petra House**
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of resources expended**
**Resources expended may be further analysed if this would help the reader of the accounts.**
|**Investment**
**management costs**
**Fundraising trading**
**costs**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||Music Equipment|800|-|
||Salary & Wages|-|-|
||Travel|11,833|-|
||Rent|9,305|-|
||Cleaning|1,270|-|
||Guest minister expenses|1,572|-|
||Teenagers|3,200|-|
||Professional Fee|9,812|-|
||Stationeryandprinting|1,704|-|
||Office Equipment|2,099|-|
||Depreciation|-|-|
||Website|498|-|
||Insurance|915|-|
||Honorarium|8,100|-|
||Building|185|-|
||Training|4,950|-|
||Multimedia|1,427|-|
||Bank Charges|138|-|
||Office expenses|906|-|
||Children|225|-|
||Motorvan Expenses|233|-|
||Conference|8,887|-|
||Telephone|786|-|
||**Total**|68,843|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|**Charitable activities**|Welfare|4,850|-|
||Region 4|1,440|-|
||Hospitality|514|-|
||Donation/Gift|2,302|-|
||WEM|1,503|-|
||Outreach|10,128|-|
||COF|700|-|
|**Governance costs**|**Total**|21,437|-|
|||||
||Independent Examination|200|-|
|||-|-|
|||-|-|
||**Total**|200|-|
Page 10 of 13
**RCCG - Petra House**
**Section C Notes to the accounts (cont)**
## **Note 5 Support Costs**
_**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
|**_support costs._**|||||
|---|---|---|---|---|
|**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
|**Total**|-|-|-|-|
|**This year**
**Last year**
**£**
**£**
**_Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made_**
**_to trustees or to third parties for expenses incurred by trustees. If no expenses were paid,_**
**_please enter ‘None’ in the appropriate box(es)._**
**Number of trustees** **who were paid expenses**
**Nature of the expenses**
**Total amount paid**
**Note 6 Details of certain items of expenditure**
**6.1 Trustee expenses**|||||
||||**This year**|**Last year**|
||||||
||||||
||||**£**|**£**|
## **6.2 Fees for examination or audit of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_
|**_appropriate box(es)._**|||
|---|---|---|
|**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the**
**accounts**|**This year**
**£**|**Last year**
**£**|
||-|-|
||||
Page 11 of 13
**RCCG - Petra House**
## **Section C Notes to the accounts (cont)**
## **Note 9 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ **9.1 Cost or valuation**
|**Church Office &**
**Office Equipment**
**Office**
**Equipment**
**Plant,**
**machinery and**
**motor vehicles**
**Fixtures,**
**fittings and**
**equipment**
**Payments on**
**account and**
**assets under**
**construction**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
Balance brought
forward
- - - - - -
Additions
- -
- - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried
forward
- - - - - -
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought
forward
- - - - - -
Depreciation charge
for year
- - - - -
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried
forward
- - - - - -
Brought forward
- - - - - -
Carried forward
- -
- - -
**9.2 Accumulated depreciation and impairment provisions**
**9.3 Net book value**|**Church Office &**
**Office Equipment**
**£**|**Office**
**Equipment**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|
**Fixtures,**
**fittings and**
**equipment**
**£**|**Payments on**
**account and**
**assets under**
**construction**
**£**|**Total**
**£**|
|---|---|---|---|---|---|---|
||-|-|-|-|-|-|
||-|-||-|-|-|
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||-|-|-|-|-|-|
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Page 12 of 13
**RCCG - Petra House**
**Section C Notes to the accounts (cont)**
## **Note 11 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
|**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
|||-|-|-|
||-|-|-|-|
|||-|-|-|
||-|-|-|-|
||-|-|-|-|
**Note 12 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors**
|**Loans**
**Accruals and deferred income**
**Amounts due to subsidiary and associated**
**undertakings**
**Other creditors**
**Accruals**
**Total**|~~**Amounts falling due**~~
~~**within one year**~~|~~**Amounts falling due**~~
~~**within one year**~~|~~**Amounts falling due after**~~
~~**more than one year**~~|~~**Amounts falling due after**~~
~~**more than one year**~~|
|---|---|---|---|---|
||**This year**
**£**
|**Last year**
**£**
|**This year**
**£**
|**Last year**
**£**
|
||4,000|-|-|-|
|||-|-|-|
||-|-|-|-|
||-|-|-|-|
|||-|-|-|
||4,000|-|-|-|
Page 13 of 13