RKDF]£MED CHRISPIAN CHURCH OV GOD
REDEMPWION PARISH
TRIJSglh]4 S, ANNtJAL RKPORTS & ACCOUNTS
FOR PERIOD 1ST JANUARY TO 31£iT DECEMBER 2024
Charity Number 1084772

RFDEEMII D CHRI%TIAN CHURCH OF GOD
RFDEMPTION PARISH
Contents
l. Trustees Annual Report
Pages 1-6
2. Independent Examiner's report
Page 7
3. Statement of Financial activÉties
Page 8
4. Balance Sheet
Page 9.
5. Notes to the Financial statement
Pages 10-14

REDEEMED CHRISTIAN CHURCH OF GOD
REDFNIPTION PARISH
TRUSTFFS REPORT
FOR THE YEAII ENDED 31 DLCKMBER 20Ag .
The Pastor in Charge:
Oluyemisi OLUKOYA [Mrs]
Church Correspondence Address: 49 Grange Park Road
Leyton. LONDON EIO SER.
Church Worship Address:
49 GRANGL PARK ROAD
Leyton, LONDON EIO SER
Trustee Members:
Olumuyiwa AJAYI [ChairyErson]
Oluwatoyin OPASINA
Mr. John ADEDIPE
o Mr Babajide ARIYO
Bankers:
HSBC Bank Plc.
16 Welling Street
Woolwich
London, SE18 6PH
Barclays Bank PIC
Wandsworth Branch
LONDON
Accountants:
Lablek Consultancy
Financial & Management Consulting
16 Warren Gardens
Kent, TNI I OBF.
Independent Examiner
Lemo Corporate
Chartered Certified Accountant
815 Old Kent Road
LL)ndon SE15 INX
P(xqe l of 14

REDEEMED CHRISTIAN CHURCH OF GOD
REDEML PWION PARISH
RUS￿￿Ks ANNUAL REPORT
FOR THL YFAR bNDKD 31 DFCFMBER 2024
The board herewith present the activities report and certified Independent Examiner's fmancial report for
the year ended 31 December 2024 with external examiner report on page 7. The trustees confllm that this
report comply with the current statutory requiremen￿ the requirement governing the document of the
Church, Charities Act 2011 and Accounting and Reporting by charities: Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard
applicable in the UK and Republic of Ireland published on 16 July 2014.
OBJECTIVES AND ACTIVITIES
The objectives of the church are set to reflect our Cbristian faith and Community aim. To this
end. the programs of activities are designed to reflect this dual aim:
• The advancement of the Cbristian faith worldwide
• The relief of poverty
Our primary objective is to seek the advancement of chri￿lan religion in accordance with
preaching of the faith of the carly ApostlLS and wherever possible, edu￿ people using the
Word of God &s our guide.
We aim to establish and manage schools: Bible Schools, Bible College, Vocational Bible
Schools. corresponden￿ Courses and to teach religious knowledge in school& institutions and the wider
community.
Each year, our trustees review our objextives and activities to ensure they continue to reflect our
aims. In carrying out this review. the tn￿tee$ have considered the Clwity Commission's
general guidance on public benefit and (in particular) its supplementary public guidance on the
advancement of religion for public benefit.
STRATEGIES FOR ACHIEVtNG THE OBJECTIVES
In this 2024 year-end reporL we have major review on:
How to continue to si_gnificantly increase our income through Tithes, General offering, and
generous donation and it were possible raising funds within the community, congregation
member pledges, so as to be able to meet our primary aims and objectives
The Use of different media plarfornis to Organise our Programs and services such as Zoom,
Free Conference calls to mentÉon just but few. With these we aim to reduce Overhead cost
associated with face-t¢Fface meeting in the Church Building
Page 2 of 14

RKDEEMED CHRISTIAN CHURCH OV GOD
REI)EJfjPTION PARISH
TRUSWEES ANNUAL REPOR
FOR THE YKAR KNDED 31 DECEMBER gJ)94
Judicious use of Funds:
Managing our resources is key achieving our objectives. We are also considering other ways that can help
incrcase our income base. There has been concerted efforts to seek funds legitimately beyond our traditional
sources. With tbis in mind we plan to have consultations with fuwkcial advisers.
Income:
During the year. our income did not incre&se &s eX￿Cted despite the Faithfulness of our congregation
members of planned giving (Tithes) and general offering. This lower income is due to the Church being
unable to process the Gift Aid claim and some other factors that affected our members, many of which went
back to university for further professional training and competency in their career.
Expenditure:
The Church Expenditure increase significantly not only because of increase in general Overhead costs of
builderslworkmen but also because repairs consequcnt to the of the building.
Details of both income and expenditurc are clearly stated in the income and Expenditure accounts on Page 8
and in Notes to the accounts from pagc l O to 14 of this re￿)rL
Risk Analysis and Management:
The Trustees have considered probable financial and otherwise risks thal the charity is exposed and systems
have becn established based upon their experience and ￿lleY guidelines published by the UK headquarter
of the mission to minimise them where unavoidable. Internal procedures are established and are regularly
reviewed to ensure compliance.
Related Party Relationships.. Redemption Parish is a member of Redeemed Christian Church of God
(RCCG), which has parishes in many countries all over the world. This means li has close relationship with
RCCG and its Parishes Worldwide. This relationship is governed by a document called th¢ "Agrccmcnt for
Common Purposes" in the areas of making fllwlcial contributions and human representstions.
Grant Making Policies.. The parish has a policy of supporting visiting ministers of the gospel both from
within and outside the lJnited Kingdom in fmancial terms. Financial suppx)rt is and always given to RCCG
Ccntral Office administration as well a contribution to World Evangelism Mission (WEM), The Church
gave a donation of £500.00 towards Festival of I.ife (FOL)programme in the year and contribution to other
RCCG collective programmes in pursuit of gospel mission and in compliance with the agreement of
common purpose. In addition to the above and in accordance to the objective of the church, it also gives
occasional and one*off welfare grant and support to congregational members who are ifA need or support for
those who are bereaved.
Page 3 of 14

REDEEMED CHRISTI1￿ CHURCH OF GOD
REDEMPTION PARISH
RUSTEES ANNUAL REPORT
OR YLAR Lh"DLD 31 DECL'JIBLR 2024
Achieving Our Spiritual Objectivej our Primary pre-occupation
We make our worship service accessible and welcoming to aIl Christians and those who which
to know more about faith during and after the lockdown
Organise events outside the regular Sunday service that reflect community needs, faith group and
community cohesion
Organise serninars online with proven speak￿S and ministers of the faith to guide members in the
various aspects of life including faidL family, career and fU￿1Ce.
Support for other Charities and Christian events
Community welfare (in partnership with our Centra] Office) irrespective of religious baCk￿Ollnd.
We successfully establish Youth revelation Church which hold full servirx on every 3 Sunday of
every month
Prdying for the nation and leaders as ￿ of our Missionary and Outreach work
ProvÉsion of fmancial and welfare support among members (be your brother's keeper)
Online Conferences and events relevant and ￿nefiCIal to our memlxrs
Activities and Achievements ID 2024
The Youth/Youth Church: This is the group of Teenagers of the Church called and known as "Youth
Revelations" They were given a Platforni to take control of the Church Service on every third Sunday of the
month. A very huge success that promised a good future for the Church.
Ih
On 6 April a career seminar'young People's Career Drive was held and on 26 September another Seminar
was held for their benefit on "Emotional Intelligence and Wellbeing - Suicide Prevention
During Classroom teachings, we continue to discuss on issues related to Mental and emotional well being as
well as career development
Mother's and Father's Day were held on l O March and 16 June respectively.
The month of July and August was a sorrowful period because of the death of a significant key personnel of
The Church known &8 the parish pastor after a brief sickness.
Church Area 6 Confercnce and ministraiion were held on 2 November with Guest Speaker,
pastor T.A.O Ajayi on almost all aspect of Mental Health issues being a profession.
Working with RCCG Central Body:
In pursuit ot our objectives, Redemption Parish continue to work in close collaboration with the central body
of the mission by drawing up safety and policy guidelines for a unified well-co-ordinated process and
procedures. We are also able to obtain some resources that provides for the need of the congregation members
of different age.
Working wlth Ydnother Christian OrgAnisation:
We continue to work in collaboration with other Christian Organisations on a number of initiatives in order
to resource. equip and itw)ire the Church across the United Kingdom
Besides, Redcmption Parish is in working alliance with Evangelical Alliance which provides a good platforn]
on a number of initiatives such as:
Relig7ious Liberty/Justice for Persecuted Christians
Childrcn in need of desperate loving home and uniting our younger generation with the Church
Page 4 of 14

REDEEMED CHRISTIAINT CHURCH OF GOD
REDETrIPTION PARISH
RLTSTEES ANNUAL REPORT
FOR YEA￿ KN1)F￿ .81 DECE￿IBER 2024
Church Group:
The meD. under the umbrella of The Good Men's Fellowship. and the women under the umbrella of
The Good Women's Fellowship meet regularly to discuss issues like:
.Families, Marriage and Relationship between teenagers and parents
.Wealth Creatio￿ Debt management and Civil responsibilities and other social men matter
The Men's Fellowship The men's fellowship continued to engage with one another through social
media platforni during the to encourage olle another, sljare infOrn]atiO￿ talking through concerns,
showing concerns and support for those who were sick and sharing in each other's joy.
The Women's Fellowship This group continue to focus on social engagement, health awareness
for families, engaging the services of many professionals we have in the medical profession such as
GPS, nurses, and social workers. Support was offered to many women who required counselling.
Also promoting good parentin& physical fitness. healthy eating for families.
The Women had regular online meetings to encourage one another and share their burdens
and joy. This helped to create networking with other women in the local community.
Senior CitiLens {Wi5dorn Ciroup): Through our elders, group. we had regular engagements with our
senior citizens online and visits to drop off gift cards and support them spiritually and emotionally to
minimise loneliness. This group continues to meet online every Tuesday and after Sunday services
at least once in a month.
The Chureh Parish 25 ADniversary:
The 25 Anniversary at the present location was celebrated with a Three-day meeting from 7-9pm in
December captioned "Divine Encounter" and led by foundation Pastor, Pastor Ade Okonrende.
PUBLIC BENEFIT STATEME
The Board of Trustees confIrm that despile the challcnges of the year 2024. we have done our b￿t to remain true to
our purpos¢s and making sure we are relevant to the community we serve. We have I￿rf0M]￿ our legal obligations
and dutics in strict compliance and have diie regards to the Charity Commission's general guidan¢e on public benefit.
Considcration h&s been given to the Charity Commission's suppl¢tnentary public guidance provisions on the
advancement of religion for public benefit.
Volunteers". The Church is grateful for the support and efforts of its volunteers who are involved in service
provigion. It is est7mated that over 4000 volunteer hours were provided during the year. If this is
conservatively valued at £11.44 per hour, the volunteer efforts would amount to over £45,760
Page 5 of 14

REDEEMED CHRISTIAN CHURCH OF GOD
REDEMPTION PARISH
TRUs￿BEs ANNUAL REPOR
FOR YEAR ENDED 31 DECKhlBER 2024
Board of Trustees, Responsibilities: Regulations applicable to Charity organisation in England and
Wales require that the trustees prepaTe financial statement for each fllthncial year, which gives true and fair
view of the state of affairs of the Church and of the surplus or deficit of the church for the period. In
preparing those fllLqncial statements the tn￿eeS have:
Selected suitsble accounting policies and applied them consistently.
Made judgements and estimates that are Reasonable and PrudenL
Prepared the fmancid statement on a going concern basis [unless il is inappropriaie to presume thal
the Trust will continue in opera¢ion]
Stated whether applicable accounting standards have been followe￿ [Subject to any material
departure disclosed and explained in the statement].
Other Responsibilities:
The trustces have the overall responsibility of managing the affairs of the church. This is
accomplished by setting up of appropriate system of controls both financial and otherwise.
Keeping proper accounting records, which disclose with reasonable accuracy, the financial position
of the church in compliance with the Charities Act as applicable. Safeguarding the assets of the
Church and taking reasonable steps for the detection and Prevention of fraud and other
irregularities.
This report was approved by the trus*es on I 71 11 12025.
P&8tor Olumuyiwa Ajayi
Chalrperson BoaTd of Trustee.
(For and on behalf ofthe Trustees)
Page 6 of 14

CORPORA TE
Chartered
Certified
Accountants
815 Old Kent Road
London SE75 7NX
Tel.. Q20 7132 7017
Fax.. 02Q 7732 7735
financeQlemo-corporate.co.uk
¥Y¥Yw.Ismo-wrpoTate.co uk
Independent Examiner's Report to the Trustees of RCCG - Redemption Parish
We report on the accounis of RCCG - Redemption Parisb for the year ended
VAT Reg No.. 843 20Q6 62
31 December 2024 which aTe set out on pages 8 to 14
Respective responsibilities of trustees and examiner
Thc charity's trustees are responsible for thc prepardLion of the accounts. i lie c,h(qrity's tnislees
consider that an audit is not required for this year (under sec.tion 144(2) of the Charities Act 2011
(the 201 l Act)) and that an indcpendent examination is needpAI.
Jt Is my responsibility to..
examinc thc aftAounls {un(ier section 145 of the 2011 Ac:)"
to follow thty proccdurc:, laid down in the General Diiections gi'.ien bj th¢ Cbarity
Commissioners (undcr seLlioii 145(5)(b) of thc 2011 Act). and
to statL' wheth￿. partiLular matters have come to my attention.
Basi&1 of independent examiner's report
My exanination was carried out in accordance witn the General Directions given by the Charity
Commission. An examiiiation includes a review of the accounting records kept by the charity and
a coinparison of the ac¥ounts presenied with those records. 11 also includes conr,idcration of any
unusual iteÉr.s or disclosures in the accounts and
se¢king e.xplanations froin you as trustces concerning any such mallers. The proccdurcs
undertaken do not prc'didc all the evidence that would be required in an audit, ￿]d consequcnilv I
do not express an audit opinion on the vicw givcn by thc accounts.
Independent examiner's statement
In COfLnection with my examination, no matter bas come to my attention:
( l) whicli gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records ip. accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act have not been met" or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understar,ding
of the accounts to be reacbed.
Name: MR.
OLA LEMO (FCCA. MSC)
Signature
Date
7of14
ACCA
Lemo Coporate ￿ regulated fora range ofinveslmwJtk¥isiness &tivtbes by theAs%D"ation of 0)arte￿I CertifiedAccountsnts

REDEEMED CHRISTIAN CHURCH OF GOD
RDEMPTION PARISH
srATEMENf OF FINANCIAL AcfiviTIES
INCOME AND EXPENDITURE.
Fof The FiJ)ancial year of tst January to 31 December 2024.
Restticted Unrestiicted
Total
Funds
Funds
Funds
Total
Funds
20
2024
202
202
Notes
INCOMES
Gth aid Collected
Donations
Collections and Pknnz￿ Giving-Tithe
Collection at all Church services
Collection Towards Buildmg
TO'fAL ￿comE,
0.00
O.IK)
0.00
0.00 30,701.00
3,900.(K)
160250.(M) 166,329.00
38674.88 25,874.00
1,750.(X)
0.00
202,774.88
222,904.00
3.9￿.[KI
160250.(K)
36874.88
1750.(K)
202.774.88
0.00
IIF.SOURCES EYPENDED
2024
2024
2023
Cost of Activities in Furtherance
of the Charity's objects
Resoutces Expended on M2nawg
and Admintstering the Chatity
Total Resources Expended in the year
Net Movement of Funds in the yeat
91,090.
91.090.IX)
90,000.00
103,(KlO.00
194.090.00
9,680.IM)
261,083.00
270,763.
Io3,(KM).￿ 105,643.00
194,090.(K) 195,643.00
9.680.(K)
27,261.00
261,08.3.IN) 331,202.00
270,7CI3.(Kl 358,463.00
TOTAL FUNDS AT I JANUARY
TOTAL FUNDS AT 31 DECIMBEIL
Page 8 Of14

REDEEMED CHRISTL4N CHURCH OF GOD
REDEMFfIoN PARISH
STATEMENT OF FINANCIAL AcfIviTIES
BALANCE SHEET.
For The Finattcial year of 1st January to 31 December 2024.
FIXED ASSETS:
2024
2023
Tangible Fixed Assets
CURRENT ASSETS
Net Current asset
( less Current liability)
515JS&1)0 523,669.00
24.472.
64,200.00
539028.00 587.869.00
NET ASSET , LESS CURRENT LIABILITIES
CREDITORS .
Less than Iyear
Amount falling Due after more than One Year
(Loan on Propetylmortgage)
TOTAL NET ASSET..
539,828.00 587,869.00
37.856.1)0
0.00
501,972.00 587.869.00
231209.1)0
270.763.IMI
229.406.00
358,463.00
CFIAIUTY FLtNDS:
2024
2023
Retained Funds
Movement of Funds
261,083.00
9,680.00
270,763.00
97,380.00
261,083.00
The financial statementswere approved and a
on ..17 November 2025
hourised for issue by the tnL8tee
Pastor
uyi
a Ajayi (Chairperson)
Signed on behalfof ihe Board of Truslee
Page 9 of14

REDEEMED CHRISTIAN CHURCH OF GOD
REDEMPTION PARISH
TRUSTEES ANNUAL REPOR
NO'IIFS TO WHE ACCOLTNT
FOR YEAR kNDf4 D 31 DKCEMBER 2024
1. ACCOIJNTING POLICIES
I.IBasis of preparation of financial statements
The financial statements have been prepared to give a 'true and fair, view and have departed from the
Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and
fair, view. This departure has involved following the Charities SORP (FRS 102} published on 16 July
2014 rather than the Accounting and Reporting by Charities: Statement of RecomM￿ded Practice
effective from l April 2005 which has since been withdrawn.
The financial ststements have been prepared under the historical cost convention with items recognised
at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The
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) issucd on 16 July 2014 and Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102 } and Charities Act
2011. Redeemed Christian Church of God ('RCCG') Redemption Parish constitutes a public benefit
entity as defined by FRS 102.
Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received. and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Expenditure
Expenditure is reco￿liSed once there is a legal or constructive obligation to transfer economic benefit
to a third party.. it is probable that a transfer of econojnic benefits will be required in settlement and the
amount of the obligation can be measuTcd reliably. Expenditure is classified by activity. The costs of
each activity are made up of the total of direct costs and shared costs, including support costs involved
in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that
activity. Shared costs which contribute to more than one activity and support costs which are not
attributable to a single activity are apportioned between those activities on a basis consistent with the
use of resources. Central staff costs are allocated based on time spent, and depreciation charges
allocated on the portion of the asset's use.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity
and include project management carried out at Headquarters.
Charitable activities and Governance costs are costs incurred on the charity's operation8 including
support costs and costs relating to the governance of the charity apportioned to charitable activities.
Page IOof14

REDEEMED CHRISTIAN CHURCH OF GOD
RbDLMPTION PARISH
RU8TPFS ANNUAL REPOR
NOTFS 'IIO THE AC:eouNT
FOR YEAR 31 DECLMBER 2024
I. ACCOUNTING POLICIES
1.2Tangible fixed assets and depreciation
All assets costing more than £500 are capitalise(L
A review for impainnent of a fixed asset is carried out If events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts are recognised as impainnents. Impairn]ent losses
are recognised in the Statement of financial activities.
Tangible f￿ed assets are carried at cosL net of depreciation and any provision for impairment.
Depreciation 1% provided at rates calculated to write off the cost of fixed asse￿ less their estimated
residual V£iliie. over their expected useful lives on the following bases:
Freehold property
2 % straight line
Fixtures & I, ittings
200/0 Straight line
Interest receitrable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity" this is nornially upon notification of the interest paid or payable by the Bank.
Debtors
Trade and other debtors are reco￿liSed at the settlement amount after any trade discount offered.
Prepaytnents are valued at the amount prepaid net of any trade discounts due.
Cash at Bank and in hand
Cash at bank and in hand includes cash and short terni highty liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event. it is probable that a transfer of economic benefit will be required in settlement. and the amount
of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity
anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods
or services it must proN'ide. Provisions are measured at the best estimate of the amounts required to settle
the obligation. Where the effect of the time value of money is material. the provision is based on the
present value of those amounts, discounted at the pre- tax discount rate that reflects the risks sp¢cific to
the liability. The unwinding of the discount is recognised within interest payable and similar charges
Page 11 of14

REDEEMED CHRISTIAN CHURCH OF GOD
REDEMPTION PARISH
STATEMENT OF FINANCIAL AcrIvrrIES
Notes to the Accollnt.
For The FinaDcial year of 1st January to 31 December 2024.
Fund accounting
General funds are unrestr￿ funds which are available for use at the discretion
of the Trustees in fiwtherdnce of the general objectives of the Charity and which have not
en designated for other PUTposes.
RestFlCted funds are funds which are to be used in accordance with specific restrictions
imposed by donorsor which have Ixen raised by the Charity for purposes .
The costs of raising and adMIn￿eTing such fimd are charged against the specific fund.
The costs of raising and adMI￿(erIng such fimd are charged against the specific fund.
The aim and use of each restricted fund are set out in the notes to the fmancial statements.
I INCOMES AND DONATIONS
2024
2023
Donations
Gift Aid
Planned Givingsffithes
General Offerings and Others
Others - Covenants and Special Givings
Total
3.900.00
978.00
0.00 30.70J.00
160.250.00 166,329.00
36.874.88
23,901.00
1,750.00
0.00
202.774.88 221,909.00
2 RESTRICTED FUND:
There were no restricted fund in the year under reporting.
3 GRANTS PAYABLE- WEM
2024
2023
January to March
April to June
July to September
Octolxr to Decemlxr
Totals
4,500.00
4,500.00
4,500.00
4.500.00
18,000.00
4,500.00
4,500.00
4,500.00
4,500.00
18,000.00
Page 12 of14

REDEEMED CHRISTIAN CHURCH OF GOD
REDEMpfIoN PARISH
STATEMENf OF FINANCIAL AcfivITIES
Notes to the AccounL
For The Financial year of 1st January to 31 December 2024.
4. COST OF ACTtVlTIES IN FURTFIERANCE OF THE. CHARITYS OBJE.CTtVES
2024
2023
World Evangelism Mission(WEM)
Gospel- Advncement of Faith
Contribution to National Progran]nKs
Honourariun]s Teaching and Ministrations
Confrences
Mission Expenses
Welfare
Totals
18,000.00
33,229.93
2,500.00
6,000.00
14,855.00
15,905.00
600.00
91,089.93
0.00
46,450.00
4,260.00
9,650.00
16,789.00
12,995.00
0.00
90,144.00
5. RESOURCES EXPENDED IN MANAGING & ADM. OF THE CHARITY
2024
2023
Communication Costs
Admin Costs /Salary & Wages
Advertising and Publications(Tracts)
Repairs and Malntenance
Travelling expenses
Bank loans & Interest PaYn￿ntS
Training
Depreciatio￿$
Professional Charges/Compliance
Bank Charges
Other Adm cost (Utilities)
Sundry Expenses
1.424.74
56,000.00
601.00
5,294.82
3,562.00
21,052.00
1,400.00
11,013.00
1,800.00
178.76
1,157.00
46,112.00
508.00
3,364.00
12,942.00
20,830.00
1,200.00
14,475.00
1,800.00
473.00
583.00
2,055.00
105,499.00
252.00
102,578.32
6 CREDITORS
Amount fi Less than l Year
Bal and Bld
Payments
Closing balance
77,988.00
40.132.00
37,856.00
Long Term
Amount falling due more than l Year
( Outstanding on Mortgage of the Church IMilding)
231,209.00
Page 13 of14

REDEEMED CHRISTIAN CHURCH OF GOD
REDEMIyfIoN PARISH
STATEMENT OF llNANCIAL AcrtVITIFS
Notes to the Account.
For The Financial yeat of 1st January to 31 December 2024.
7 FIXED ASSEI" DEPRECIATION SCHEDULE
2024
2024
Building EquipnKnt
2024
TOTAL
Opening Bal
Additions
723.729.00
2.700.00
726,429.00
723.729.00
2￿.060.00
523.669.00
10,473.38
210J33.38
2,700.00
726.429.00
726.429.00
526.369.00
11,013.38
211,073.38
Accm Depreciation
2,700.00
540.00
540.00
Current Charge
Accm Depreciation
Net Bal:
At 31 Dec 2024
513.195.62
2.160.00
515,355.62
Depreciation 0/0
20
Page 14 Of14