## **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 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 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)** 2 ## **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: * 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 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 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| |---|---|---|---|---|---| ||||||| 4 ## **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) 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 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| 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 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| 7 **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|