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REGISTERED COMPANY NUMBER: 08699009 (England and Wales)
REGISTERED CHARITY NUMBER: 1104857



Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Christ Redeeming Church of God Ltd

Christ Redeeming Church of God Ltd






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1

Independent Examiner's Report 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 10

Christ Redeeming Church of God Ltd (Registered number: 08699009)

Report of the Trustees
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08699009 (England and Wales)

Registered Charity number
1104857

Registered office
176 Godstow Road
Abbeywood
London
London
SE2 9AT

Trustees
Pastor R D Bukoye
Mrs O Bukoye
Mrs E Ajayi
Pastor O Toba
Mrs I E Adetifa

Company Secretary

Independent Examiner
Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Approved by order of the board of trustees on 12 September 2024 and signed on its behalf by:



Pastor R D Bukoye - Trustee

Independent Examiner's Report to the Trustees of
Christ Redeeming Church of God Ltd

Independent examiner's report to the trustees of Christ Redeeming Church of God Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.








Olusola Makinwa (MSc FCCA)

Argon & Krypton Consulting Ltd
(Chartered Certified Accountants & Tax Advisers)
Unit 6
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

12 September 2024

Christ Redeeming Church of God Ltd

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 10,212 7,025

EXPENDITURE ON
Charitable activities
Charitable 4,723 4,604

Other 30 46
Total 4,753 4,650

NET INCOME 5,459 2,375


RECONCILIATION OF FUNDS
Total funds brought forward 108,650 106,275

TOTAL FUNDS CARRIED FORWARD 114,109 108,650

Christ Redeeming Church of God Ltd (Registered number: 08699009)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Heritage assets 6 1,700 2,020

CURRENT ASSETS
Cash at bank 133,796 127,868

CREDITORS
Amounts falling due within one year 7 (20,395 ) (20,395 )

NET CURRENT ASSETS 113,401 107,473

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,101

109,493

CREDITORS
Amounts falling due after more than one year 8 (992 ) (843 )

NET ASSETS 114,109 108,650
FUNDS 9
Unrestricted funds:
General fund 114,109 108,650
TOTAL FUNDS 114,109 108,650

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Christ Redeeming Church of God Ltd (Registered number: 08699009)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 12 September 2024 and were signed on its behalf by:





R D Bukoye - Trustee

Christ Redeeming Church of God Ltd

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.



Christ Redeeming Church of God Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Senior Pastor 1 1

No employees received emoluments in excess of £60,000.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,025

EXPENDITURE ON
Charitable activities
Charitable 4,604

Other 46
Total 4,650

NET INCOME 2,375


RECONCILIATION OF FUNDS
Total funds brought forward 106,275

TOTAL FUNDS CARRIED FORWARD 108,650

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 and 31 March 2024 4,675 11,000 555 16,230
DEPRECIATION
At 1 April 2023 and 31 March 2024 4,675 11,000 555 16,230
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 - - - -

Christ Redeeming Church of God Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. HERITAGE ASSETS
Total
£   
MARKET VALUE
At 1 April 2023 and 31 March 2024 11,950
PROVISIONS
At 1 April 2023 9,930
Charge for year 320
At 31 March 2024 10,250
NET BOOK VALUE
At 31 March 2024 1,700
At 31 March 2023 2,020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Others 20,395 20,395

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 992 843

9. MOVEMENT IN FUNDS
Net
movement At
At 1/4/23 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 108,650 5,459 114,109

TOTAL FUNDS 108,650 5,459 114,109

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 10,212 (4,753 ) 5,459

TOTAL FUNDS 10,212 (4,753 ) 5,459

Christ Redeeming Church of God Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. MOVEMENT IN FUNDS - continued


Comparatives for movement in funds

Net
movement At
At 1/4/22 in funds 31/3/23
£    £    £   
Unrestricted funds
General fund 106,275 2,375 108,650

TOTAL FUNDS 106,275 2,375 108,650

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 7,025 (4,650 ) 2,375

TOTAL FUNDS 7,025 (4,650 ) 2,375

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/4/22 in funds 31/3/24
£    £    £   
Unrestricted funds
General fund 106,275 7,834 114,109

TOTAL FUNDS 106,275 7,834 114,109

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 17,237 (9,403 ) 7,834

TOTAL FUNDS 17,237 (9,403 ) 7,834

Christ Redeeming Church of God Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.