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
Registered charity number 1206589 Registered company number 08203693 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 kkasali@yahoo.com 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 the unaudited financial statements for the period 2ND SEPTEMBER 2024 TO 1ST SEPTEMBER 2025.
Activities and development in the current year
In the year 2024/2025 the charity changed its registration status from charitable trust to charitable company. Similarly, the charity started negotiation to buy a new property and also to sell its present property. The change was necessary to get a bigger and better place where the charity would be able to carry more of its activities and serve the community better. Due to this change the charity closed down its nursery school in the year 2025.The nursery was closed because of change of premises and for the fact that the registration of the nursery was based on the facilities of the present premises. It is hoped that the transaction for the selling of the present premises of the charity and purchase of a new one will be completed in the next year.
Nevertheless, all these changes did not negatively affect the growing of the charity and its impacts on the community. The charity keeps growing in number and also in its activities. More members joined the charity during ~~a~~ free mathematics class organised by the charity in junction with one of its members.
More of the youths in the community that were attending this free mathematics class gained admission into the university based on their excellent performance in mathematics examination at GSCE level. This free class in mathematics organised by the charity is for any interested member of the community and this has been helping many students that used to struggle in mathematics.
Furthermore, all the regular church services continued during the year while the online services also kept running. In order to maintain connection to many members of the church the charity carried out some new online services and this has brought increased to the membership of the church.
During the Christmas celebration the charity donated money to many charitable organisations within the town of Bristol. Charity also donated food items regularly to homeless centres around Bristol. Gifts were also given to some church members especially during the Christmas celebration.
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
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 for the period 2ND SEPTEMBER 2024 TO 1ST SEPTEMBER 2025
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
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:
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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 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 2ND SEPTEMBER 2024 TO 1ST SEPTEMBER 2025
| Notes Incoming resources: Voluntary income Gift aid claims receipt Building Fund donations Nursery fees Bank Interest Received Council Grant Income 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 £ - - - 138,336 - - 138,336 164,772 164,772 (26,436) - (26,436) (136,550) (162,986) |
Parish Funds £ 222,397 45,278 480 - 9 1,000 269,164 269,485 269,485 (321) - (321) 339,524 339,203 |
Total Funds 2025 £ 222,397 45,278 480 138,336 9 1,000 407,500 164,772 269,485 434,257 (26,757) - (26,757) 202,974 176,217 |
Total Funds 2024 £ 173,604 47,965 - 86,332 7 - 307,908 139,079 187,060 326,139 (18,231) - (18,231) 221,205 202,974 |
|
|---|---|---|---|---|---|
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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 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | 2 | ||||
| Freehold Premises | 300,000 | 300,000 | |||
| Freehold Improvements | 169,520 | 181,942 | |||
| Plant & Machinery | 50,516 | 53,106 | |||
| Nursery Equipment | 12,737 | 15,921 | |||
| 532,773 | 550,969 | ||||
| Net Current liabilities | |||||
| Members loans | 1,400 | - | |||
| Cash at Bank and in Hand | 68,587 | 69,878 | |||
| 69,987 | 69,878 | ||||
| Less: Current Liabilities | 3 | (16,357) | (2,588) | ||
| 53,630 | 67,290 | ||||
| Mortgage Loans | 4 | (410,186) | (415,285) | ||
| Net Assets | 176,217 | 202,974 | |||
| REPRESENTED BY: | |||||
| Nursery Funds | (162,986) | (136,550) | |||
| Charity Funds | 339,203 | 339,524 | |||
| 176,217 | 202,974 | ||||
| - |
Signed on behalf of the Board of Trustees
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 2ND SEPTEMBER 2024 TO 1ST SEPTEMBER 2025
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.
f) Restricted funds are to be used for specific purposes as laid down by the donor.
| 2. Other Tangible Fixed Assets Cost: As at 2 September 2024 Addition As at 1 September 2025 Depreciation: As at 2 September 2024 Charge As at 1 September 2025 Net Book Value: As at 1 September 2025 As at 2 September 2024 3. Current Liabilities Accruals Pensions Tax and National Insurance Credit Card balance |
Freehold Improvements £ 248,434 248,434 66,492 12,422 78,914 169,520 181,942 |
Plant & Machinery £ 159,395 10,039 169,434 106,289 12,629 118,918 50,516 53,106 |
Nursery Equipment £ 47,287 47,287 31,366 3,184 34,550 12,737 15,921 2025 £ 6,393 420 104 9,440 16,357 |
Total £ 455,116 10,039 |
|---|---|---|---|---|
| 465,155 | ||||
| 204,147 28,235 |
||||
| 232,382 | ||||
| 232,773 | ||||
| 250,969 | ||||
| 2024 £ 2,588 - - - |
||||
| 2,588 |
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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 2ND SEPTEMBER 2024 TO 1ST SEPTEMBER 2025
| 4. Mortgage Loan Balance brought forward Less: Repayment Add: Interest plus adjustment Balance carried forward 5. Total Resources Expended |
2025 £ 415,285 (31,818) 26,719 410,186 |
2024 £ 418,498 (21,350) 18,137 |
|---|---|---|
| 415,285 | ||
| Nursery Parish Funds Funds £ £ RCCG Central Office - 21,992 Honararium, Donations & members welfare - 30,476 Events & Outreach Cost - 48,325 Training & Development-Nursery 2,867 - Church Salaries & NI Cost - 60,677 Church Pension cost - 1,620 Vicarage Allowance - 21,364 Nursery Materials & Consumables 14,134 - Nursery Salaries and NI Cost 101,030 - Nursery pension cost 901 - Rates & Water 543 543 Light & Heating 900 386 Telephone & Internet 2,308 2,307 Travelling & Motor Expenses 12,173 12,173 Bank Charges & Interest 636 636 Subscriptions & Licences - 1,047 Legal & Professional Fees - 12,976 Accountancy Fees 1,909 5,728 Insurances 2,926 2,925 Repairs, Maintenance & Cleaning Costs 7,901 7,900 Mortgage Loan Interest 13,360 13,359 Depreciation 3,184 25,051 Total 164,772 269,485 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) |
2025 Total £ 21,992 30,476 48,325 2,867 60,677 1,620 21,364 14,134 101,030 901 1,086 1,286 4,615 24,346 1,272 1,047 12,976 7,637 5,851 15,801 26,719 28,235 434,257 2025 £ 54,000 21,364 75,364 |
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 | ||
| 2024 £ 36,000 13,704 |
||
| 49,704 |
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Registered Charity No: 1206589 Company No: 08203693
REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH
Report and Financial Statements 2ND SEPTEMBER 2024 TO 1ST SEPTEMBER 2025
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 |