REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH (CHARITY NO 1206589) Report and Financial Statements
Legal and administrative information
Status
Registered as a charitable company on 17 January 2024 established by a deed of transfer of assets from charitable trust number 1118688 dated 9 September 2024. Incorporates operations of Honey Tots Day Nursery since 2011.
Trustees and Management committee
MR OBED KWAME ABABIO MR ABAYOMI ADETAYO FATAI AYINLA KASALI
Charity number 1206589 Registered office address 21-23 Stokes Croft, Bristol BS1 3PY Charity operations address 21-23 Stokes Croft, Bristol BS1 3PY Nursery operations address 21-23 Stokes Croft, Bristol BS1 3PY email admin@rccggloryofgod.co.uk
telephone 07727159581
Bankers National Westminister Bank
Accountants
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA
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REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH (CHARITY NO 1206589) Report and Financial Statements
Trustees report
The trustees presents its report and unaudited financial statements for the period 1ST JANUARY 2024 TO 1ST SEPTEMBER 2024 .
This charity was registered in January 2024 after the closing of the former charity. The assets and liabilities of the former charity were transferred into this new charity. This management account is the first to be produced under the name of this new charity. The new charity continued with the activities of the closed charity as Christian religion organisation.
In the first year of this charity, there was increase in membership and charitable activities of the charity went on as before. The charity organised marriage seminal during the year and it was a blessing to many couples that attended. Also, evangelism team of the charity organised street evangelism and church in the city. The outcome was very positive.
The impact of the charity on the communities remains positive and encouraging with many members of the community joining the church and enrolled their children with the charity nursery school. The charity nursery school continued to attract more children from the members of the community. The Charity looks into the future with hope of making more impacts on the community
Responsibilities and basis of preparation of the report
The trustees who are also the management committee of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the BOARD OF TRUSTEES
……………………………….
Date ……………………………….
Pastor Fatai Kasali (Senior Pastor)
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REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH (CHARITY NO 1206589)
Report and Financial Statements Independent Examiner's report to the Trustees Period 1ST JANUARY 2024 TO 1ST SEPTEMBER 2024
I report to the trustees on my examination of the accounts of the above charity for the above period.
Responsibilities and basis of report:
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement:
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
Alhassan Bangura FCCA AL Accounting Solutions 21A Brighton Road South Croydon Surrey CR2 6EA
Date.....................................................
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REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH
(CHARITY NO 1206589)
Report and Financial Statements
Statement of Financial Activities (including Income and Expenditure Account) for the period 1ST JANUARY 2024 TO 1ST SEPTEMBER 2024
| Notes Incoming resources: Voluntary income Gift aid claims receipt Nursery fees Bank Interest Received Total Incoming resources Resources Expended: 5 Nursery operations Parish operations Total resources expended Net surplus/ (deficit) before taxation Corporation tax Net surplus/ (deficit) for the year Opening funds Closing funds |
Nursery Funds £ - - 86,332 - 86,332 139,079 139,079 (52,747) - (52,747) (83,803) (136,550) |
Parish Funds £ 173,604 47,965 - 7 221,576 187,060 187,060 34,516 - 34,516 305,008 339,524 |
Total Funds 1-Sep-2024 £ 173,604 47,965 86,332 7 307,908 139,079 187,060 326,139 (18,231) - (18,231) 221,205 202,974 |
Total Funds 2023 £ 183,475 37,109 149,553 75 |
|
|---|---|---|---|---|---|
| 370,212 | |||||
| 203,595 251,896 |
|||||
| 455,491 | |||||
| (85,279) - |
|||||
| (85,279) 306,484 |
|||||
| 221,205 |
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REDEEMED CHRISTIAN CHURCH OF GOD
GLORY OF GOD PARISH
(CHARITY NO 1206589)
Report and Financial Statements
Balance Sheet as at 1ST SEPTEMBER 2024
| Notes Fixed assets 2 Freehold Premises Freehold Improvements Plant & Machinery Nursery Equipment Net Current liabilities Cash at Bank and in Hand Less: Current Liabilities 3 Mortgage Loans 4 Bank Loan Net Assets Nursery Funds Charity Funds Signed on behalf of the Board of Trustees REPRESENTED BY: |
£ £ 300,000 181,942 53,106 15,921 550,969 69,878 (2,588) 67,290 (415,285) - 202,974 (136,550) 339,524 202,974 1-Sep-2024 |
£ £ 300,000 194,364 54,702 18,114 567,180 112,149 (17,134) 95,015 (418,498) (22,492) 221,205 (83,803) 305,008 221,205 2023 |
|---|---|---|
………………………………. Date ………………………………. Pastor Fatai Kasali (Senior Pastor)
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REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH (CHARITY NO 1206589) Report and Financial Statements
Notes forming part of the financial statements
for the period 1ST JANUARY 2024 TO 1ST SEPTEMBER 2024
1. Accounting policies
a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows: - Freehold Imporvments 5% Straight line -Plant & Machinery 20% Reducing balance -Nursery Equipment 20% Reducing balance
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
2.
| Other Tangible Fixed Assets Cost: As at 1 January 2024 Addition As at 1 September 2024 Depreciation: As at 1 January 2024 Charge As at 1 September 2024 Net Book Value: As at 1 September 2024 As at 1 January 2024 Accruals Pensions Tax and National Insurance Corporation tax |
Freehold Improvements £ 248,434 - 248,434 54,070 12,422 66,492 181,942 194,364 |
Plant & Machinery £ 147,715 11,680 159,395 93,013 13,276 106,289 53,106 54,702 |
Nursery Equipment £ 45,500 1,787 47,287 27,386 3,980 31,366 15,921 18,114 1-Sep-2024 £ 2,588 - - - 2,588 |
Total £ 441,649 13,467 |
|---|---|---|---|---|
| 455,116 | ||||
| 174,469 29,678 |
||||
| 204,147 | ||||
| 250,969 | ||||
| 267,180 | ||||
| 2023 £ 4,921 497 9,471 2,245 |
||||
| 17,134 |
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REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH (CHARITY NO 1206589) Report and Financial Statements
Notes forming part of the financial statements
for the period 1ST JANUARY 2024 TO 1ST SEPTEMBER 2024
| 4. Mortgage Loan Balance brought forward Addition Less: Repayment Add: Interest plus adjustment Balance carried forward 5. Total Resources Expended Nursery Parish Funds Funds £ £ RCCG Central Office - 13,773 Honararium, Donations & members welfare - 19,194 Events & Outreach Cost - 43,990 Training & Development-Nursery 357 - Church Salaries & NI Cost - 37,131 Church Pension cost - 1,080 Vicarage Allowance - 13,704 Nursery Materials & Consumables 9,013 - Nursery Salaries and NI Cost 73,249 - Nursery pension cost 948 - Nursery Other Direct Expenses - - Rates & Water 707 706 Light & Heating 1,798 770 Telephone & Internet 2,147 2,147 Printing, Postage & Stationery - - Travelling & Motor Expenses 7,737 7,736 Bank Charges & Interest 1,455 1,455 Subscriptions & Licences - 283 Legal & Professional Fees 438 438 Accountancy Fees 600 2,102 Insurances 2,006 2,006 Repairs, Maintenance & Cleaning Costs 21,948 9,406 Mortgage Loan Interest 12,696 5,441 Other financial charges - - Depreciation 3,980 25,698 Total 139,079 187,060 6. Related Party transactions Related party transactions are resources expended to trustees or their relatives Salaries and wages Benefits (additional payment as thanskgiving offering or vicarage cost for full time minister) |
1-Sep-2024 £ 418,498 - (21,350) 18,137 415,285 1-Sep-2024 Total £ 13,773 19,194 43,990 357 37,131 1,080 13,704 9,013 73,249 948 - 1,413 2,568 4,294 - 15,473 2,910 283 876 2,702 4,012 31,354 18,137 - 29,678 326,139 1-Sep-2024 £ 36,000 13,704 49,704 |
2023 £ 260,993 420,301 (292,680) 29,884 |
|---|---|---|
| 418,498 | ||
| 2023 Total £ 23,875 28,990 33,140 1,945 43,541 1,260 48,000 16,991 112,997 1,229 3,084 1,992 5,597 3,992 703 19,442 310 - 8,440 5,599 4,805 23,607 30,131 5,196 30,625 |
||
| 455,491 | ||
| 2023 £ 30,000 48,000 |
||
| 78,000 |
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Registered Charity No: 1206589 Company No: 08203693
REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH
Report and Financial Statements 1ST JANUARY 2024 TO 1ST SEPTEMBER 2024
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA
REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH (CHARITY NO 1206589) Report and Financial Statements
Contents
| Page No | |
|---|---|
| 1 | Legal and administrative information |
| 2 | Trustees Report |
| 3 | Independent Examiner's report to the Trustees |
| 4 | Statement of Financial Activities |
| 5 | Balance Sheet |
| 6-7 | Notes forming part of the financial statements |