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Charity number: 1084570

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

	Page
Reference and administrative details of the charity, its trustees and advisers	3
Trustees’ Report	4-11
Independent Examiners Report	12
Statement of Financial Activities	13
Balance Sheet	14
Notes to the Financial Statements	15-20

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

General Overseer Pastor. E. A. Adeboye Trustees Dr Olufemi O Daramola Mrs Odunayo Ajala Mr Rasheed A Amunikoro Mrs Esther Ogunbiyi Pastor in Charge Pastor Olutayo O Ayodele Charity Registered No 1084570 Principal Office Tom Allen Centre Grove Crescent Road Stratford London E15 1 BJ Accountants and Independent Examiners Toda Consult 19 Youk Road Northfleet Kent DA11 9PU Bankers Barclays Bank Plc

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 December 2023

The trustees present their annual report and financial statements of the charity for the year ended 31[st] December 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 of the accounts and comply with the charity's trust deed, the Charities Act and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Constitution

The church is constituted under a Trust Deed dated 21 November 2000 and is a registered charity with number 1084570.

Method of Appointment/Election of Trustees

The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the trust deed.

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 the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

Organisational Structure and Decision Making

The church is organised so that the Trustees meet regularly to manage its affairs. There is a full-time administrator, who manages the day-to-day administration of the church.

Risk Management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Insurance and Indemnity is in place, annually reviewed and adjusted with contemporary needs. We have reviewed our Health and safety policies and procedures over this year.

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2023

OBJECTIVES AND ACTIVITIES

The objects of the Charity are:

The advancement of the Christian faith worldwide; and
The relief of poverty.

Each year, our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review, the trustees have considered the Charity Commission's general guidance on public benefit and its supplementary public guidance on the advancement of religion for the public benefit.

Strategies for Achieving Objectives

The church has adopted the following strategies for achieving the above objectives:

Good governance structure including Health and Safety and safeguarding of service users
Organisation of seminars in the church with invited guest ministers proven in their various specialties to guide Members of the congregation and our invited guests in the various aspects of Christian faith
Retreats and away days in Christian centres all over the UK
Planting and Supporting Christian churches and groups in the UK, the EU and Worldwide
Support for other charities for example, African Children’s Trust and Christian events e.g. Festival of Life and the wider Redeemed Christian Church of God
The Sanctuary is the headquarters of RCCG Province 3 under Pastor Olutayo Ayodele
It is also the headquarters of the Good Women’s Fellowship of The Redeemed Christian Church of God

Activities for Achieving Objectives

Community Outreach Events
Provision of welfare support to members

Church Activities

This was a year for the church to move forward on the preceding year’s achievement. Various programs and activities were due to be organised for women, men, the elderly, the youths/teenagers and children during the year and they would have involved participation of both members of the church and the local community. However, due to the Covid 19 pandemic, events were either cancelled, postponed, hybrid or totally occurred online.

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2023

RCCG THE SANCTUARY EVENTS FOR 2023

Tabitha Arise Fellowship Annual Retreat (Virtual Meeting) - Thursday 16th - Saturday 18th of February 2023.
Ministerial Trip to Cyprus by Pastor Olutayo Ayodele from Monday 20th February - Sunday 26th of February 2023.
Ministerial Trip by Pastor Olutayo Ayodele to Cyprus from Tuesday 28th of February to Monday 6th of March 2023.
RCCG Festival of Life Meeting Friday 21st of April 2023 at Excel, London.
Ministerial Trip by Pastor Olutayo Ayodele to Macedonia from Saturday 20th to Friday 26th of May 2023
Ministerial Trip to Cyprus for RCCG The Sanctuary 20th year Anniversary by Pastor Olutayo and Yetunde Ayodele from Tuesday 20th of June to Monday 26th of June.
Men of Destiny Annual Retreat tagged " Men Who Understand " from Friday 7th of July to Sunday 9th of July 2023 at De Vere Beaumont Estate, Old Windsor, United Kingdom.
RCCG Lagos Annual Convention Trip by Pastor Olutayo and Yetunde Ayodele from Monday 31st July to 5th August 2023.
Ministerial Trip to Macedonia and Thessaloniki by Pastor Olutayo Ayodele from Tuesday 12th of September to Saturday 16th of September 2023.
Ministerial Trip by Pastor Olutayo and Yetunde Ayodele to RCCG The Sanctuary Sri Lanka 10th year Anniversary from Wednesday 27th of September to Tuesday 2nd of October 2023.
RCCG Festival of Life Meeting Friday 20th of October 2023 at Excel, London.

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2023

Mission Trip to Capro Meeting by Pastor Olutayo Ayodele from Tuesday 31st of October to Saturday 4th of November 2023.
RCCG Holy Ghost Congress Trip by Pastor Olutayo and Yetunde Ayodele from Monday 4th to Friday 15th of December.

Mission To Macedonia

We have been mandated to support church plant in Macedonia, this has involved obtaining a resource person (s) a location with frequent visitation till the church is settled.

Pastor Tayo Ayodele working with other RCCG leaders and members has been proceeding with this forthwith.

Community Outreaches, with the evangelism team, going out regularly to minister to people in our immediate vicinity has returned to normal.

2. Social Action

a) These initiatives include the homeless project, which occurs over the winter months, food bank activities and ongoing support to the Chapel and Cafe at the Stratford Westfield Shopping Centre. The website is http://www.sratfordchurches.co.uk/churches/sanctuary.html. We are affiliated with and support the initiatives by this group.
b) Humanitarian Aid/support. The church has supported African Children’s mission for over 20 years http://www.africanchildtrust.org.uk. This is still ongoing.
c) Homeless Feeding Project- The Youth of the church partnered with Christian Kitchens http://www.christiankitchen.co.uk based in St Michaels and All Angels Church Northcote Road, Walthamstow E17 6PQ the charity involved with feeding the homeless in providing food and water to homeless people on a monthly basis it is hoped this will continue with the churches financial support and oversight of the pastoral team. This initiative is ongoing despite the challenges of the cost of living.
d) The church maintains its close relationship with worldwide missions with its relationship with Calvary Ministries CAPRO
e) The Sanctuary have been responsible for the rent of the premises of the Mission School Under the RCCG Sri Lanka

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2023

Challenges for the year 2023

The Cost of living impact has been markedly noticed in the area of our Energy bills, heating and lighting costs came to over £40k. Thankfully monthly payments has been bearable, for which we are grateful to God.

The hope is in the new church building energy efficiency and costs savings will be an important objective in the planning. Furthermore, reminding staff and volunteers to save this cost or manage the heating and lighting better.

The Charities we support.

These organizations are part of the body of Christ we support and affiliated with as God directs.

Furthermore, they fulfill in part or whole our core values and beliefs.

1. Locally

The Christian Kitchen

The Christian Kitchen is a charity provision that seeks to feed homeless and marginalized people in Waltham Forest

Faith in Schools

https://www.faithinschools.co.uk

Our aim is for every child and young person in Newham schools to have the opportunity to meet local Christians and discover what it means to be a Christian in the 21st century

Stratford Churches

http://www.stratfordchurches.co.uk/who.html Including: Love Stratford and Stratford Leaders Meeting

Transform Newham

https://www.transformnewham.com

2. Regional/National

Festival of Life was established in 1996 as a Christian Charity. We are committed to advancing the Christian religion by impacting lives and transforming communities. We do this in several ways, the main of which is our Festival of Life Event which takes place twice a year in the UK. https://www.festivaloflife.org.uk

RCCG Central Office https://www.rccguk.church

RCCG Europe Region

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2023

Living Seed Europe https://www.livingseedeurope.org

Calvary Ministries UK https://www.facebook.com/calvaryministriesworldwide.caprouk/

Good Women Fellowship http://www.goodwomen.org.uk

3. International

RCCG Worldwide https://www.rccg.org

Mission & Vision

1) To make heaven.
2) To take as many people with us.
3) To have a member of RCCG in every family of all nations.
4) To accomplish No. 1 above, holiness will be our lifestyle.
5) To accomplish No. 2 and 3 above, we will plant churches within five minutes walking distance in every city and town of developing countries and within five minutes driving distance in every city and town of developed countries.
6) We will pursue these objectives until every Nation in the world is reached for the Lord Jesus Christ

Including:

RCCG Parishes in Cyprus: The Sanctuary and Bethel Parishes Limassol and Bethel Parish Nicosia RCCG The Vineyard Parish Prayer Centre, Sri Lanka and Mission School RCCG African Mission - https://www.rccg.org/african-missions/

Africa Missions dates back to 1996, when Pastor (Mrs) Folu Adeboye (Visionaire of Africa Missions) went on a visit to mission fields in West Africa.

The Africa Missions Organisation is a fully fledged faith-based not- for- profit organisation committed to addressing the plight of the less privileged in Africa and around the world through appropriate community development and empowerment initiatives and the good news of the gospel of Jesus Christ. Living Seed

https://www.livingseed.org

Calvary Ministries (Capro )

https://new.capromissions.org

Calvary Ministries CAPRO is an international non-denominational MISSION AGENCY that started in Nigeria, in 1975. Our primary focus and commitment is making disciples among the 7,052 UNREACHED PEOPLE GROUPS worldwide. This has been our commitment for the last 47 years.

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2023

African Children’s Trust ACT https://africanchildtrust.org.uk/#home Our Core Objectives are

Sending skilled volunteers Educating disadvantaged children and orphans Empowering women Developing communities

Church Building

The passion for seeing the reality of a purpose-built modern worship Centre remains despite economic challenges.

We have raised a “battling fund” for this in the order of £100,000 to achieve this and a Building committee consisting of the pastors and the trustees have commenced discussions and plans to achieve this goal.

A group of the working group have commenced active sourcing of a reputable legal firm that can provide engagement documents for Architects to draw a plan for a joint venture process to rebuild The Sanctuary. This activity has ramped up and will draw in needed resource persons as it develops. The initial selected officials are:

Mr Yomi Amunikoro (Trustee) Pastor Yinka Akintinmade (Minister RCCG The Sanctuary) Dr Olufemi Daramola (Trustee/Minister RCCG The Sanctuary)

Future Hopes

A purpose-built modern worship centre
A well-maintained safe space for The Church’s goals to be achieved.
Functional administrative and financial systems
More lives discipled into following Jesus-through in person and various online and contact platforms

FINANCIAL REVIEW

Reserves Policy

The trustees have decided that at present, funds should be retained in banks and building societies, or in reliable vehicles for saving funds which return funds with no loss and prospect of increased funds. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

A dedicated reserve account for the purpose of supporting continuity of the Charities’ objectives.

Principal Funding Sources

This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.

THE REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') THE SANcfuARY rRUSTEES' REPORT (contit)ued) FOR THE YEAR ENDED 31 December 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES The tSlee$ are Te8poDsible for preparing the Report of the Trustees gnd the ruw1&1 statements in a¢cordan¢¢ with applicable law and Unit¢d Kingdom G¢n¢rally Awted Accounting Practice. The law applicable io charities in England and Wales. the Charities Act 2011 and the provisions of tbe Trust Deed requires ihe trustttS to Prepare financial statements for each financial year which give a and fair view of ihe State of affairs of the charity and of thc incoming resou and 8ppliration of resourG¢$, in¢luding th¢ in¢om¢ and ¢xp¢nth"tur¢. ofthcthan.ly for thai [lod. ID pr¢- paringthoK fan¢181 stsMen th¢ tryste¢s are required to: select suitsble accounting policies and then apply them CODSiStently observe the methods and principles in the Charifv SORP mak¢ judg¢m¢nts and estimAt¢s thAt ar¢ r¢8SOt)Abl¢ and prudent prepare the financial steMentS on the going conc¢rn basis ullI it is inAppropTiAte to ptesutne that the ¢haritv will ¢ontinue in busin¢. The trustees are responsible for keeping proper accounting TOrdS that disclose with reasonable accuracy at any time th¢ finanLial position of the charity and to enable them lo ensure that the financial statements comply with the Charities Ad 2011, the applicable Ch8ri¢ies (Accounts and ReFthS) Reguliorts, and the provisions of the TDJSI deed. They are 81s0 responsible for safe8uardin8 the assets of the charity and taking reas(>nable 8teps for the prevention and d¢¢tton of frnud and oth¢r irr¢gularitie$. The trustees 4rt responsibl¢ for ihe maintenan¢¢ and integrity of the charity and financial information included on the charity's website in accordance wtth legislation in thc United Kingdom govcrnino Ib.: DreDaMion and dissemlnauon or tinan¢i81 siaiemenio. This Teport w&s approved by the BLwd of Tntstees on Signed on its khalf by R.O£VfEJlifDJW(OLA

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

FOR THE YEAR ENDED 31 December 2023

INDEPENDENT EXAMINATION REPORT :

I report on the accounts for the year ended 31 December 2023 set out on pages 12 to 20.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

The charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. It is my responsibility to:

Examine the accounts under Section 145 of the 2011 Act
To follow the procedures laid down in the General Directions given by the Charity Commission (under Section145 (5) (b) of the 2011 Act; and
To state whether specific matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S STATEMENTS

This report is in respect of an examination carried out under section 144 of the Charities Act 2011 and in accordance with the directions given by the Charity Commissioners under section 152(5). An examination includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedure undertaken does not constitute an audit.

INDEPENDENT EXAMINER’S STATEMENT

Based on our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect accounting records have not been kept in accordance with section 130 of the Charities Act 2011, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 2011. No matter has come to our attention in connection with our examination to which, in our opinion, attention should be drawn to enable a proper understanding of the accounts.

Signed and dated by:

Oludare Agbola

Date: 24/10 /2024

OLUDARE AGBOLA Bsc, MAAT TODA CONSULT Registered Accountants 19 York Road Northfleet DA11 9PU

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Accounts) FOR THE YEAR ENDED 31 December 2023

Notes Incoming Resources Incoming resources from generated funds: Voluntary income 2 Other income 3 *Total Incoming Resources* Resources Expended Charitable activity expenditure 4 Finance Cost 5 Governance costs 6 *Total Resources expended* Net Incoming/(Outgoing) Resources for the year Total funds at 1 January 2023 Prior year adjustment Total funds at 31 December 2023	2023 2022 Unrestricted Restricted Total Total £ £ £ £ 323,765 - 323,765 293,232 1,208 - 1,208 181
	324,973 - 324,973 293,413
	350,587 - 350,587 250,024 1,297 - 1,297 2,102 1,900 - 1,900 1,810
	353,783 - 353,783 253,935
	(28,810) - (28,810) 39,478 635,967 7,921 643,888 604,409 - - - -
	607,157 7,921 615,077 643,887

All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

BALANCE SHEET AS AT 31 DECEMBER 2023

Notes FIXED ASSETS Tangible Fixed Assets 7 CURRENT ASSETS Debtors 8 Cash in Hand/ Bank CREDITORS: Amount falling due within a year 9 NET CURRENT ASSETS/LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amount falling due after more than one year 10 NET ASSETS ACCUMULATED FUNDS Unrestricted 11.1 Restricted 11.2 TOTAL FUNDS	2023 2023 Unrestricted Restricted £ £ 455,813 55,000	2023 2022 Total £ £ 510,813 535,861
	455,813 55,000 53,401 - 102,108 1,766	510,813 535,861 53,401 52,021 103,874 116,528
	155,510 1,766 (21,655) (1,766) 133,854 -	157,276 168,549 (23,421) (22,532) 133,854 146,017
	589,668 55,000 (29,591) -	644,668 681,877 (29,591) (37,991)
	560,077 55,000	615,077 643,887
		607,156 635,966 7,921 7,921
		615,077 643,887

This was approved by the Board of Trustees on 23 / 10 /2024 and signed on its behalf by:

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

ACCOUNTING POLICIES

1.1 Basis of preparation of accounts

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2007). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Church for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.

1.3 Incoming resources

These are recognised in full in the Statement of Financial Activities in the period in which they are received Included are income from tithes, offerings, gift aid and interest received during the year from investments and accounted for as restricted or unrestricted funds.

1.4 Tangible fixed assets

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Building Music and church equipment Fixtures and fittings Motor vehicle 2. Voluntary Income: Donations Gift Aid Tithes & Offerings 3. Other income Deposit account interest	2% on cost 15% on cost 15% on cost 25% on reducing balance 2023 2022 £ £ 51,901 52,021 271,864 241,211 323,765 293,232 2023 2022 £ £ 1,208 181 1,208 181	2% on cost 15% on cost 15% on cost 25% on reducing balance 2023 2022 £ £ 51,901 52,021 271,864 241,211 323,765 293,232 2023 2022 £ £ 1,208 181 1,208 181
		293,232
		2022 £ 181
		181

THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY

4.CHARITABLE ACTIVITIES- (Direct charitable expenditure)

This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.

pport of that activity where material.
4.1 Charitable activities - Direct costs Staff costs Employer NI and Pension World Evangelism Mission Festival of Life RCCG Central Office RCCG UK Camp project support African Child Trust RCCG Provincial/ Regional dues Living Seed UK Other charity donations CAPRO Ecclesiastical Conferences, retreats and meetings Ministry Expenses Children/Youth Expenses Macedonian project Sri Lanka Mission Evangelism Cyprus Mission Sunday School Books Welfare and Relief of Poverty	2023 2023 2022 £ £ £ Unrestricted Restricted 79,144 -66,868 8,875 -6,464 15,244 - 15,007 1,200 - 1,200 3,580 - 3,130 6,450 - - 300 - 300 2,200 - 1,801 2,000 - - 1,270 3,750 1,290 - 2,500 3,433 - - 14,238 - 8,407 7,180 - 2,099 30,191 - 5,699 5,559 - - 6,710 - 5,600 840 - - 1,552 - 2,453 - - 451 14,481 - 8,630
	205,737 - 134,358

pport of that activity where material.

4.1 Charitable activities - Direct costs
Staff costs
Employer NI and Pension
World Evangelism Mission
Festival of Life
RCCG Central Office
RCCG UK Camp project support
African Child Trust
RCCG Provincial/ Regional dues
Living Seed UK
Other charity donations
CAPRO
Ecclesiastical
Conferences, retreats and meetings
Ministry Expenses
Children/Youth Expenses
Macedonian project
Sri Lanka Mission
Evangelism
Cyprus Mission
Sunday School Books
Welfare and Relief of Poverty

2023
2023
2022
£
£
£
Unrestricted
Restricted
79,144
-66,868
8,875
-6,464
15,244
- 15,007
1,200
- 1,200
3,580
- 3,130
6,450
- -
300
- 300
2,200
- 1,801
2,000
- -
1,270
3,750
1,290
- 2,500
3,433
- -
14,238
- 8,407
7,180
- 2,099
30,191
- 5,699
5,559
- -
6,710
- 5,600
840
- -
1,552
- 2,453
-
- 451
14,481
- 8,630

205,737
-
134,358