## **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 1 ## **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)** 2 ## **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 - the accounts did not accord with the accounting records; or - 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..................................................... 3 ## **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| 4 ## **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) 5 **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| 6 **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| 7 **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|