REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID REPORTS & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 CHARITY NUMBER: 1091990
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID al and Administrative Information CONSTITUTION The charity is constituted under a Trust Deed with registered charity number 1091990. TRUSTEES The trustees who served during year ended were as follow: Olufemi Alabi (Chair) Adewale Taoreed Alli Samuel Adah Odaudu Damola Akindutire CHURCH RCCG City Ot David Snodhurst Bottom Walderslade Road Chatham Kent ME5 OLU BANKERS Barclays HSBC CAF IIYDEPENDEIYT EXAMINER Flourish Global Consulting 1_4 firm with Chartered Accouniatjts & Managejnent Consultants) Unit 9 Chall¢ng¢ House 616 Mitcham Road Croydon CRO 3AA Page
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Contents Page Legal and administrative information Trustees, Report Independent Examiners, Report Statement of Financial Activities Balancc Sheet Notes forming part of the financial statements 10- 12
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Trustees Report For The Year Ended 31st December 2024 The Trustees present their report together with the accounts for the year ended 31 st December 2024. The accounts have been prepared in acLordance with the Statement ol Reeominended Practice 2005 and other applicable laws. Structure Governance and Mana ement The charity is constituted under a Trust Deed with registered charity number 1091990. a} Method of Appointment or Election of Trustees The management of the ¢hur¢h is the responsibility of the Trustees who are ele¢t¢d and coopted under the tem]s of the Trust Deed. b) Policies Adopted for the Induction and Training of Trustees The induction process for any newly appointed member of the trustees comprises an initial meeting with other Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trnstees. c) Organi5ational Structure and Decision Making The Charity IS OTganised so that the Trustees meet regularly to managJe its atfairs There is an administratorlaccount personnel that handle the daily affairs of the charity. d) Risk Management The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposure to the major risks. Page 2
Redeemed Christian Chureh of God {RCCG) Cit). Of David Obiectives and Activities a} Policies and Objectives The objectives of the church are to advance the Christian religion for the public benefit in accordance with the doetrines of our Lord Jesus Christ, through the holding ot"pra}'er meetings, lectures, evangelism, distributing of literature and tracts, broadcasting and such charitable means as the trustees consider appropriate: and the relief of poverty. b) Strategies for Achieving Objectives The Charity has adopted the following strategies for achi¢'Ing the above objectiTr'es: Organising serninars and events with proven speakers and ministers of the faith to guide members in the various aspeets of the Christian faith. and support for other charities and Christian events. c) Activities for Achieving Objectives Advancement of christian religion. Community outreach events. ProTr'ision of welfare support to mernbers. Provision of support to other charities. Confcrcnces and Events. d) Grant making Policies In line with the object of the charity.. to reliet"poverly and the advaneeinent of Christian religion worldwide. The charity has a policy of supporting missionary organisations such as the Festival of Life, World Evangelism Mission and other charities and members of the congregation who are in need, (this is at the discretion of the trustees). e) Volunteers The charit)w is grateful for the gJood efforts of its Voluntee who are involved in service provision. The charity has a N'olunteer coordinator to ensure that best value is derived from the sterling etyorts of our volunteers. Page 3
Redeemed Christian Chureh of God {RCCG) Cit). Of David Achievements and Pcrformance a} Review of Activities The charity is consolidating the gains of previous development and has successfully ministered to the needs of various social groups within and outside the church. The charity provides forum for manpower development for its members to be equipped, educationally, socially and spiritually. It offers various counselling sessions to the needy, unemployed. and educational and Tnrikes referriil wheneTr'er the need arises. The charity proN'ides counselling services to members of the Community. We have also embarked on various training programrnes to equip more church volunteers with the relevant eounselling skills that will help them setve the community better. We continue to support and encourage young people by providing a Youth Church where teenagers meet on Sunday afternoon under a caring, supportive and encouraging attnosphere. The charity still continues to t"ulfil its inain objectives, by creating t"acilities to help develop the whole man, spiritually, mentally and physically. We have invested time, energy and mone! into activities and programines that has helped preN'ent youth crimes, depressions in people. child abuse and such social vices that are eating deep into our society. Financial Review a} Reserves Policy The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves,) held b}T the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding. b) Principal Funding This is provided rnainly through voluntary offerings and tithes by church members and through gift aid scheine. Pledges are also taken tor specific projects. Page 4
Redeemed Christian Chureh of God {RCCG) Cit). Of David Pl#n$ for the Future a) Future Developments The charity aiins as part of fulfilling its main objectives, to continue to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its nieinbers to make life-changing impact in society. Statement of Trustees, Responsibilities The Trustees are responsible for preparing the Annual report and Financial statements in accordan¢¢ with applicabl¢ law and r¢gulations. Company law requires the Trustees to prepare financial statements for each financial year. Under the law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required b}, law to giTre a true and fair view of the state of affairs of the charity and of the sutylus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to.. Select suitable accounting policies and then apply them consistently- Make judgements and estimates that are reasonable and prudent- Slat¢ whcthcr applicablc accounting standards and statcmcnts of r¢¢omm¢nd¢d practice have been followed, subject to any departures disclosed and explained in the financial statements; Prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operaiion. Page 5
Rtdeemtd Chrliilan chth ofGod (RCCG) Citv Of Dai.Id The Tte¢S are resp>Thsible for keepiog woper a¢countinbTr records. w,1£ diwlose with reasonablL accurncy at Iiny time the fmancial posilion of thL Charity and io Lnabl¥l them to ensurl that die fjnancial stallments comply with ihL GenLral DirectioLs given b>. tlie Lharity Commjssion. -fhey are also responsible for sateguarding tlie assets ol" the charity ond hence for tsking asonable steps for the prevention attd deteclton of fraud and thher irregularxties. rnval 011.1012025 This report Wds approved by the ljoard of tntee3 on ... . its belolf by: Samuel Ajah Odaudu and signed on Signature.. 01-10-2025 Page 6
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Accountants I Inde endent Examiner's Re ort For The Year Ended 31st December 2024 We have examined the financial statements on pages 2 to 12 which hgve been prepared in accordance witli the accouiitiiig policies Set out on page 4. Respective responsibilities of the trustees and independent examiner The charity trnstees are reponsible for the preparation of the financial 5tatemei)ts. The trUseS consider that an audit is not required for this year (under section 144 {2) of the charities (Act 2011) {the 2011 act). It is our responsibility to.. * examine the accounis (under section 145 of the 201 l Act.. follow the procedures laid down in Ihe General Directions given by the Charity Commission (under Section 145151{b) of the 2011 Act; and to state hether particular matters have tome to my attention. Basis of independent examiner's report Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the a¢¢ouniing records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of unusual items or disLIogures in the accounts and, seeking explanation from Jou as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, we do not express an audit opinion on the view given by the accounts. It is Liur responsibility to fomi an independent opinion, based on my examination, L)n those financial ststements and to report on my opinion. Independent Examiner's Statement In connection with our examination, no matter has come to or atteiition.. l) which gives us reasonable cause to believe that in any material respect the requirements • to keep accounting records in accordance with section 130 of the 201 l Act,. and to prepare acounts which accord with the accounting record5 and to comply with the a¢countin¥ requirement of the 2011 Aci have not been met. 2) to which, in our opii)ion, attention should be drawn in order to enable a proper understanding of the accounts 10 be reached. Signed.. (-• IA fiTtti i%'iih Chdrtered ALLt)untdnt% & Ccin5UliL%I Unit 9 C.hallcnge House 616 Miccham Rnad Cr())dnn CRO 3L4 Date.. 8th October 2025 Page 7
REDEEMED CHRISTIAN CHURCH OF GOD {RCCG) CITY OF DAVID StAtement Of FinAncig1 Activities For The Year Ended 31st December 2024 Note$ UDrestri¢ted Fund Restricted Fund Tot#1 2024 2023 Incoming Resources Voluntary Sour¢es- tithes, offeriiigs. donation5. thanksgiving, etc Gift Aid Reclaim 455.696 455,696 297,422 55,407 55,407 33,357 Miscellaneous receipt other income investsnent income 11.693 11,693 122,289 Total ineoming resouree5 522,796 522.796 453,068 Re$our¢es Expended Cost of generating funds in furtherance of the charity's objectives Managenient &. Administratioi) of C.harit! 185,010 163,912 254,053 207,481 Total resources expended 439,063 371J93 Net in¢oming r¢$our¢ts l (outgoing) resourees 83,733 Other recognised gains and losses Gr055 Transfer between funds Net movement in funds for the year- Net incomellcipcnditurc) for the yt4r 83,733 81,675 Total funds brought forward 11112024 Prior Year.4djustments Prior YeaT Adjusttnents 1,393,608 1,311,934 12.724) Totil Funds Carried Fornard At 31st December 2024 ,474,$99 I J93,608 Name.. Samuel Ajah Odaudu Sign.. Date.. 01-10-2025 Page 8
REDEEMED CHIUsTIN CFtURCH OF GOD (RCCG) crry OF DAVID Bdnce %heei kn Ai Jl•t Dece•ther 2•24 ¢d •41¢ts Tangibl¥ aiaers 1.993.81J6 1,936,87¥ Cirreat D¢ts C&h ai and in h)d 511.803 491.330 49SJ3I> Crdh•rJ; fllty2 dtst .hhlo oe Y et e4rrent Ats 378.103 356,730 Ci¢dli•rn (tt% dtst afttr )'¢r. 1897.400) 1900.0) Llablldm. Atspw Iuwbluthsl lJgJ.4•1 LTr4RESTiucfED FUYDS 1,474J419 1,39Jth FuAd bl•ncts 1.474 lJ93.th•1 Bo•rd •f TrMteL. Naft.' Samuel Ajah Odaudu SiW¢. DAtL. 01-10-2025 P•x¢ 9
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Notes To The Finan¢ig1 Siatemenl$ For The I'er F.nded 31st Dt¢¢mber 2024 l. A¢eountlng Pole$ The Financial SI8Lements has been prepared under the hisiorical c1 eonveniion, in a¢Lordan¢e with applicahle IJK Aca)unting.Standard8 and also %%'ith the recoinmendatinns In the Statement of Recominended ALLvunling I'iailiL¢ ISOKI'I ALLounlinbT dnd KepDninb b}. chdrilie- ibsuvd in Oclvber 2005 "Ile Lharitv has Idken adi'antage of the exemption ol'Trinancial Rewrring Siandatd No I Irotn the requir¢tnents to produce a Cash Flow Siatwent on Iht grouiid Iliat it quglifies 2% a small ¢hariiy gpplicable acoiinliii8 standards and the chanlies SORP (Slalement of Reconimended Piaclicel 1.21 Fund.4ccouDIiDg Gen1 funds are unrestricted ftinds. which are alailable lor use at the discretion ot-the Iriistees in lurtherallce ofihc gcn¢ral objc¢lii'LS ofih¢ ¢ompan!' and h1¢h hal ntsi b¢Ln designaiLd for oihcr piirpos¢s. DesIated funds coinpri£e unrestricted funds tliat have beeii sel aside the trustees for particular piirposes -llie aim and use ufeaih desi441gd (und ivill Ihen be set uul. IJ) Tangible filed #s5etS Tangible lixed assets are included al cost ¢pr¢cigiion 1s proi'ided on all ian8ible fiY¢d $¢1$ ai raies calculated to wri off th¢ cost over their expected usehil lieS as follows FixiurLS, fi111ngs & Lquipmcnts Motor i'ehicles 20010 i¥ritt¢n doil'n i'alu¢ 20/0 writLen down value 1.41 Ineoming Resour£ts Incom¥ is mainl? from VullinrY coniribulions from mnberg of the ¢huT¢h and bank inieresi receil'ed 'ich are Included In the financial £tatemellL£ 1.51 Resource4 tXPeDded All expenditure is acLuiinted fi)r vn an aLcEual basis and are classified under headings that aggregate all ci)sls related to tht ¢at¢gori on a ¢onbiqt¢ni ba$1s v¢ar to )¢3r. Managtin¢nt aiid adm1nisirgtion c%1$ gre Ilios¢ IncLirred In coiinection with adminislralion ol'lhe organisalion and compliance ivith conslilulional and sraiuiorj, r¢quirem¢nis. 2. Dtbtors 2024 2023 Other debtors 8.000 4,000 2024 2023 3. C.reditors'. Amfjunt falling dut after ODe vtar )97.400 50Q.QfjO 897.400 400,000 500.Q()O 9(M).000 Loan 2. RCCCJ Nigeria Page 10
Redttmtd CbTi5tiaD C.T¢ Trf Gfjd (RCCGI Clty OIDaiid ote5 Continued.......... 4. FiIcd Assets Buildi8 FixtllrE5 Fiiiings & EqUipMet lotOT oiricE Mu5Lcal & Tt<hDicgl 21)24 Tvthl EquipmeTht C.o$t At l Janiiary 2U24 Add1110ns .894.423 94.579 12.706 125.509 20.979 239.9U9 33,68) At 31 Dtctmber 2024 1.932.983 107.285 146.48R 273.594 DepreciatiTrn and Ivritten off At l JaniiaTr 2024 Charg¢ for Ihc year Ar 31 Dteembtr 2024 92.768 2.903 9.5.671 99.7i 4.955 92.768 12.2.%4 iofj.n22 109.082 7.928 et BMk VAlue At 31 December 2024 1,932,983 37,41)6 11,893 1,993J96 Ai 31 Deeembtr 2023 1,894,423 2.%.778 14.866 1.936,87 S. C.reditor$'. Amount falling du¢ within one y¢4r 21)2 Loan frotn Rccti LOD lnbrIdge l oan from ptor ACC[L15 2i.UOD 115.000 i.700 23.000 600 141,70 138.600 6. Ineomlng resour¢es Unrestricted runds Restricted runds Totsl 2024 2023 Tithes. Offering & ThthqgiTring tiift Aid Reclaim 455.696 -Si,407 455.696 297.422 33.3.$7 122.289 Redttmed (brIsda Church IRC'CCI City 01 DaTrid tes tontinutd........... Page 11
- Cost of eneralIn (und$ in furtheran¢e of the charitTr'5 obje£ts'. 2024 2023 Council Tax & FJu$1nt6s Raies Honoranui Ch01r, Kcyboard & Musical Exp¢nsL Eleclricits. Gas &. Fuel Ilighl. heat & wii'eTI Cl¢aning Water Children & Teenage DeparLmeni Vehicle Expeiises Church Outr¢aeh, Advcrtiscmcni & Publicilv BkS & Teacliiiig Maleiials Coinmunity F.vent% VvlunieerJ Expenses Hall hire Proio¢ol F.xp¢nses Other I'hurLlI ALlivilies Training Meeting£ & Conferenc&s ChriSlian11)' Ild%anwm¢ni Weltare Supp)rt & Hospitality 28.029 24.717 42.578 4,128 550 30.458 12.4%2 26.897 7.58) l.i57 1.464 10.073 9,990 i49 2.173 4.739 6,586 2.47 5.S89 33.094 3.169 185,01 163,912
- [allgeMent &.d[nlS¢rtlDn of Charity 2U24 2023 Chariiabl¢ donaiions Central Ottice Fund 2.470 WF.M Fund Oih¢rs Lhuich Running Expenses & Administration- chariLible activities Tr3v¢llillg F.xpenq¢ Hire ufE4uipmenl Printin& Postage & Stationery R¢pairs &. Maint¢ttance In5UTance Conqultanvv fe& LLgal & ProfLssional F(5 Sof.are & IT Expenses Fjues &.Subs¢riptions Lvmpul¥r Cus15 & Consutnables Wages & Salaries (incl einplojeffs Nll Pensions Lredil lard chaTBe5 Ilwik Charges Sundrj E.¥PLnsiS Telephone & In*mei Accountallc feeWlndendet EYatniner'£ Fees Depreciation f1Xtur¢s & equipm¢nis ol'lice equipmeiits tnvlvr vehiile 3..%27 il.497 1.5.367 1.903 15.369 21.879 1.50tJ 2.400 1.676 467 2,692 135.405 6.427 2U6 779 6)9 i.n09 74 3,217 3,700 2.903 2.97i 9.3)] 4955 244.053 207,481 Samuel Ajah Odaudu Sign Dale". 01-10-2025 Page 12