Charty numbgr: 1084812 REDEEMED CHRISTIAN CHURCH OF GOD - (RCCG) JESUS PEOPLE PARISH UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
REDEEMED CHRISTIAN CHURCH OF GOD- {RCCG) JESUS PEOPLE PARISH CONTENTS Page R*f¢fence and administrativo details of the charlty. Its Trustees and Advisers Trustees. report Independent •xaminerfs r•port Statèment of finan¢ial activities Balance sho•t Notes to the financial StateMts 9-15 The follt)wing pages do not form part of the statutory financial stslemenls." Charity Detsiled income and expenditure account and summaries
REDEEMED CHRISTIAN CHURCH OF GOD- IRCCGI JESUS PEOPLE PARISH REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. tTS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees Adesola Aw0501a Oladapo Olugbodi Mob0.1 Soyebo Charity registered nurnber 1084812 Principal office Unit 19 Mtdas Business Centre Wanlz Road Dagenham RM10 8PS Regislered office 104 Hamble Lane South Ockendon RM15 5HP Pa$tor In Charge Paul Solademi Independent Examiner Dean Howard & Co Chartered Certthed Accountants Unrt F55 Expressway Studios 1 Dock Road London E16 1AH Page 1
REDEEMED CHRISTIAN CHURCH OF GOD- (RCCG) JESUS PEOPLE PARISH TRUSTEES. REPORT FOR THE YEAR ENDED 31 OECEMBER 2025 The Trustees present their annual report together with the financBI statements of the Redeemed Christian Church of God- IRCCGI Jesus Peop Parish for the 1 January 2025 to 31 December 2025. Oblectlves and activiti8$ a. Policies arbd objective5 A summary of the objeLls of the chanty as set out in rts goveming docufnent The charity is a Christian church of God that provides a place of worship for rts members. One of its main objectives is the spiritual devglopmenl of rts members to help them buikl a strong Chnslian farth. We aim lo advance the Christian laith by follLMng Gcd'5 injuncthjn in Ephesians 4.'131o bulk1 every church member up. The church objectives are coined out of the milon Statement as st*ed in Ephesians 4..13 Objeth'ves". Sharing together in truth and fratth. the grts which God has gwen us. Developing people to spirFtual maturity through bib studies, house fellcr•vships. Semina and retats Equipping every believer for a sKJnfficant ministry by helping them discover the gffts and tslents God gave them. Providing a pla where the hurb.ng , depssed, the frustrated and the confused can find love, acceptance, help, hope. forgNeness, guKlance and enwuragemenl. Sharing the g1 ne of Jesus Chr1 with the hurredS of thousands of SIdents in Barking and Dagenharn area and wherever Ihe Lord will direct us to. In setting objectives and pL4nning lor actmties. the Trustees have gNen due consideration to generdl guidanee published by the Charity Commission reEth"ng lo public benefft. inLng the guidance 'Public benefit." funning a charity IPB21'. Page 2
REDEEMED CHRISTIAN CHURCH OF GOD- (RCCG) JESUS PEOPLE PARISH TRUSTEES. REPORT ICONTIP4UEDI FOR THE YEAR ENDED 31 DECEMBER 2025 ObJ'8cfjve$ and actlvities Icontinuedl b. Activlties undertaken to achieve objectives We provide counselling for our ChUh members. We meet on Sunday foi fdlowship in songs. rIng and le¥hing of Bible dcctrin85. We meet on Wednesday lor Search of Gcrfj's instnLtron through discusskjn and teaching of Bible doctrines. We also have varijus progrnmmes for the communty in the year. Weekty Church Activities: Wednesday- Bible SIL¥ty- {Moment ofTnrthl Friday- Prayer Meeling Saturday- Zojm Women and Men Prayei Meeting Sunday- Sunday Schcol Worship Service Financial review . Golng concern After making appropftate ewuirs, the Twslees have a reasonable expeclation that the chanty has adequate resources lo continue in operational existence for the foSeeable futUTe. For this reason, they continue to adopt the goin9 ¢oncem basis in preparing the financial ststements. Further detail$ ardIng loption of the going coreM basis can be found in the OUntIng po[les. b. Reser4es policy It is the policy of the Trustees lo work towards holding the minimum reserve5 nec8ssary to enable the charity to meet its commitments for a minimum penod of three months. Structure governance and management a. Constitution Rede8med Christian Churth of God - IRCCGI Jesus Peopb Parish is a registered tharity, number 1084812, and is constiluled under a Trust deed. Pag& 3
REDEEMED CHRISTIAN CFIURCH OF GOD- IRCCG) JESUS PEOPLE PARISH TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2025 Structurep govornan¢• and management {contlnued) b. Mèthods of appointment or election of Trustaes The management of the charFty is the responsibility of the Trustees who are elected and co-opted under the temis of the Trust deed. c. Flnancial risk management The Trustèes have assessed the major risks lo which Ihe charity is exptssed. in particular those related lo the operations and finances of the charity, and are Sab$fi trat systems and procedures are in place to mib.gate exposure to the majur risks statfjme of Trust¥. re8pon$ibiliti•s The Trustees are responsible for preparing the Trustees. report and tré financ81 statements in accordance with applicable law and United Kingdom Aco)unong Standards (United ng(toM Generalty Accepted Accountt"ng Pract) The law appllcabk to charities in England & Wales requires the Trustees to prepare financial ststements for eaGh financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and applic8tK)n of resources: includirg its incorne ard expenditure. for th81 pen"od. In preparing these financk81 staternenls, e Trustees are requiffd to.. select Sultsb aGcouTrtsng policies and ther, apply them consistently. observe the metrods and pnnciples of kne Carities SORP IFRS 1021.. make judgments and accountin9 estimates trat are reasonable and prudent, 8tstè whether applicable UK AloUntr.g Standards IFRS 1021 have been followed, subject to any material departures dI10sed and explained in the firianaal stalemenls. prepare the financial 5tsternents on the going concem basis unles5 it is inappropriate lo presume that the eharity will continue in business. The Trustees are respon5ibÈ for keeping adequate actounting records that a sufficient to show and explain the charity's transactions and disclose with reasonable accaa racy at any time the financial positron of the charity and enable thern to ensure that tre financrdl statements comply wth the charib.es Act 2011. the Charity (Accounts and Reports) Regulab"ons 2008 and the provisions of Ihe Trust They are also responsible for safeguarding the assets of the charity an(1 hen for taking reasonab steps for the prevention and detection of fraud and other Irregularitres. Approved order 29 July 2026 the members of the board of and strgned on their behalf by.. Tmsls on apo Olugbodl Trustee Page 4
REDEEMED CHRISTIAN CHURCH OF GOD- (RCCGI JESUS PEOPLE PARISH INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEM8ER 2025 Indepondentexaminerfs reporttothe Trustees of Redeemed Christian Church of God- IRCCGI Jesus People Parish I'the ¢hartty I report to the charity Trusloes on my examination of the Unts of the ¢harity for the year ended 31 December 2025. Respon5ibilitl¢s and basis ol report As the Trustees of the charity are ponSIble for the preparati)n of the accounts in accorda9 with the requirements of the Charities Act 2011 fthe 2011 Act'l. I report in respect of my examination of the ehariV$ xcounls carried out under section 145 of the 2011 Act and in carryng out my examination I have folked the applicab Direth"ons grven by the Charrty Commission under section 14515llbl ol the 2011 Act. Independent examinerfs Statement Your altention is drawn to the fxt th the charity has p@pared the accounts in accordance wrth Accounting and Reporting by Charrties.. Statement of Recommended PrlIce applicable to eharrties pparirfrg their accounts in accordan wlh the Finanelal Reporting Stsndard appluble in the UK and Republic of Ireland IFRS 102} in preference lo the Accounting and Reporting by Charth'es." Statement of Recommende(f Prackn'ce issued on f April 2005 which i% refer1 lo in the extant WuLatnS but has been wthdrwn. l understand that this has been done in order for the accounts to provth a tft and fair Mew in accordan with the Generalty Accepted Accounting prt effective for reporting perw)ds beginning on or after 1 January 2015. I have completed my examinalvjn. I confirm that no matters have come lo my attention in connection wi(h the examination gFwng me cause lo believe that in any material respect.. accounting records ware not kept in Pect of the chanty as required by wtion 130 of the 2011 Act", or the accounts do nol accord wrth those reca)rds," or the accounts do not ¢ompty ¥th the applicable reqtjirements contsrning the forni and conlenl of accounts set out in the Charities IAccoLtnls and Reports) Regulakn'ons 2008 other than any iequiremenl that the accounts give a 'lrue and fairf view whth nol a matter considered as part of an independgnl examination. I have no concerns and have Corne across no other matters in conrtion with the examinalton lo which attention should be drawn in this report in order to enab a proper understanding of the )UnIS lo be reached. This Teport is made solety lo the charity's Trustees. as a body, in a¢cordance wtth Part 4 of the Charities (Accounts and Reportsl Regulations 2008. W work has been undertaken so th* I might state to the charity's Twsle&s those matters l am required lo state to them in an Independent examinerfs report and for no other purpose. To the fullest extent p&mirtted by law, I do not accept or assume responsibilty to anyone other than the chartty and the charitys Tnjstees as a b(xty. for my work or for thi5 report. Page 5
REDEEMED CHRISTIAN CHURCH OF GOD- {RCCG) JESUS PEOPLE PARISH INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Signed.. Daled.. 08 August 2026 Dean Trairo Msc FCCA FCMI Dean Howard & Co Charted Certffied Accountants UnrtF55 Expressway Studh)s 1 Dock Ro&J London E16 IAH
REDEEMED CHRISTIAN CHURCH OF GOD- (RCCGI JESUS PEOPLE PARISH STATEMENT OF FINANCIAL ACTIVlnES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted fund5 2025 Totsl funds 2025 Total funds 2024 Note Income from: Donatn$ aThJ legac$ 171837 172.837 165,668 Total income 172,837 172,837 165, 668 Expenditure on: Charitable activities 208.807 208.807 158, 692 Total expenditure 208.807 208,807 158, 692 Net movement in funds 135.9701 135,9701 6,976 Ro¢on¢iliation of funds- Total funds brought forward Net movement in bjnds 680,903 135.9701 680,903 (35.9701 673,927 6,976 Total funds carried for4Yard 644.933 644,933 680,903 The St*emenl ol fin8nckg1 &tNities includes all gains and losses recognised in the year. The notes on pages 9 to 15 fom part of these financrdl statements. Page 7
REDEEMED CHRk%TIAN CHURCH OF I.(Rcefj) JESUS PEOPLE PARISH BALANCE SHEEr AT 31 DECEAiBER 2025 2024 Tangbie assets SOl988 503,674 501674 Cash at bank 4j in harnl 145MI 18Z819 14SN61 182,819 Crndlots: amounts fa9 due wthwi one year I16) (5,59Q) Net curnnt assets 140,945 IT7,229 680,903 Net assets excludlng pension ags¢t 641933 Tolal r*ass•ts 644,933 680,903 ctmrlty funds 11 Total ld$ 644.933 680.903 0310812026 Tnjstee Tnjsiee
¥ REDEEMED CHRISTIAN CHURCH OF GOD - IRCCG) JESUS PEOPLE PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 General information The charty is registered in EngL8nd. The address of the registerd office is given in the charity inf0mal)n page of these financial statements. Accounting poll¢lg8 2.1 Basis of preparation of financial statements The financial statements have been prepared in aceordance with the charit SORP {FRS 1021- Accounting and Reporting by Chatitie5". Statemenl of Recommended Praeticè appli¢ab5e lo charities preparing their accounts in ardance wlh the Financral Reports"ng Standard applicable in the UK and Republ of Ireland IFRS 1021 leffectwe 1 January 20151, the Financial Reporbng Stsndard applicable in the UK and Republ of Ireland IFRS 1021 and the Charities Act 2011. The financial statemenls have been prepared to gwe a 'true and fairf wew and have departed from the Chafrties (Account5 and Reports) Regulabons 2008 onty to the extent required to provide a 'true and fairf vw. This departure has invotved folkhving Ihe Charitie5 SORP IFRS 1021 published on 16 July 2014 rather than the Accountir¢g and Repong by Chanties.. SLment of Recommended Practice effective from 1 April 2005 which has Sin been wrthdrwi. Redeemed Christian Church of GcJ - IRCCGI Jesus People Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilites are inilialty recognised at historical cost or transaction value unless othenmise staled in the reVant acxounting polw. 22 Income All income 15 recognised On the charity has enlrtbemenl lo the income, il is probable that the income will be receNed arml the amount ot income can be measured reliably. 2.3 Expenditure Expenditure is rec(xJnise(l once there is a kgal or constructive obligation to transfer economic benefit lo a third paty. it i% probab that a transfer of econom benefits will be required in settlement and the amount of the obligatKn can be measured liab. Expenditure is classified by adivity. The costs of each actwrty are made up of the lolal of direct costs and shared costs, including support St$ invdved In undertaking each actiwty. Direct costs attribLrtable lo a single aclNity are allocated directty lo that aclwty. Shared costs whrh contribute to more than one activity and support costs which are rt attributabk to a single actwty are apportioned beiween those activities on a basis eonsislent with the use of resour. Central staff eosts are allocated on the basis of lirne spenl. and depreeiatKn charges altLxat&J on the port¥)n of the asset's use. Expendi£ure on charitabFe aetNrtEs is incurred on directty undertaking the actNities which further the ¢harWs obje(aive5, as well as any assctiated support costs. All expendrture ts indusNe of irrerable VAT. Page 9
REDEEMED CHRISTIAN CHURCH OF GOD- IRCCGI JESUS PEOPLE PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Icontinuedl 2A Tangible fixed assets and depreciatÈon Tangible fixed assets wsling £NIL or more are ¢aprtaliseLt and recognised when future economic benefits are probable and the cost or value of Ihe asset can be measured reliably. Tangible fixed assets a snitialty recognised at cosL After Fecognf(k)n. under the cost modd. tangible fixed assets are meaSud at cost less ac¢umul8ted depreciation and any accumulated impairment losses. costs iftcurred to bring a tangible fixed asset into its intended wo¥king condrtion should be included in the measurement of cost. Depreciation is charged $0 85 to allocate the cost of tangible fixed assets less their residual value over their estimated useful INes. using the straighl4ine method. Depreciation is provided on the foltowing bases.. Fixtures and fittings offi equipment Compijler equipment 33.33°A on slraighl4ine basis 33_33QA on slraighl-line basis 33_330h on straight-line basis 2.5 Cash at bank and in hand Cash at bank and in hand includes cash and short4erm hBJhty Iuld investments with a short maturity of three months or less from the date of acquk8ition or opening of the deposi( or similar account_ 2.6 knabll1eS and provisions Liabilities are recognised when there is an obligalion at the Balance sheet date as a resutt of a past event. it is probable that a transfer of economic benefft will be required in settlement. and the amount of the setdement can be e5tirnated reliably. LIabile$ are reccgnised al the amount that the charty an[Pate5 it wll pay to setue the debt or the amount il has recenied as advanced paentS for the go¢ds or services rt must prowde. Provisions are measured al the best esJ"male of the amounts reouired to settle the obligation. Where the effect of the time valve of money is material. the provision 1$ base(l on the present value of those amounts, discounted at the pre4ax discount rate that Teflects the risks specrfic lo the liability. The unwinding ol the discount is reccgnised in the Statement of financial acttvib.es as a finance cost. 2.7 Financial instruments The charTty onty has finanual assets and financial ligbilths of a kind that qLtalify as basic financtal instruments. Basic financial instruments are inf(ially re¢(yJni5ed al transaction value and subsequently measured at their settlement vallfe wf(h the exception of bank loans which are subsequenlty rraSured at aEnortrsed cost using the effective interest method. 2.8 Fund accounting General lund$ a unreslrrted funds which are avaikble for use at the discretion of the Trustees in furtheraTr of the general obJectNes of the charty and which have not been designated for other purposes. Page 10
REDEEMED CHRisnAN CHURCH OF GOD - IRCCG) JESUS PEOPLE PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Income from donations and legacies Unrestricted funds 2025 Total funds 2025 Tot81 funds 2024 Don8tions 172.837 172.837 165,668 Total 2024 165. 668 165.668 Anatysis of expenditure on Charltsble acttvitres Summary by fund type Unrtstricted funds 2025 Total 2025 Total 2024 Charitabl8 *wities 208,807 208.807 158,692 Total 2024 158,692 158,692 Analysts of expenditure by actrvities Charitable acttvities 2025 Totsl funds 2025 Total funds 2024 Charitable activit£es 208.807 208,807 158, 692 Total 2024 158,692 158,692 Page11
REDEEMED CHRISTIAN CHURCH OF GOD- IRCCGI JESUS PEOPLE PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 202S Anatysis of expenditure by activities (continued) Anatysis of $upport Costs Charitable activities 2025 Total funds 2025 Total funds 2024 Printing. postsge and stationery Accountsncy fees Donations and grfts Legal and protessional fees Computer costs Insurance Sundry eypenses Bank charges Repairs and maintenance Slate and national convenbon Depreciabon 53 720 53 720 35,906 159 720 35,815 5, 730 241 1,523 715 65 22,832 35,906 159 836 1.657 719 1.657 719 73,432 2.783 4.349 73,432 2,783 4,349 2,488 163 DBS Cleaning and secunty Fellowship meals Motor running costs Travel expenses Evangelism L¢ghl and healing Walei rate Telephone Church supplies Wage and sajaries National insurance Pension costs Staff welfare Training Paslorfs hospitalty Books and lileiature 1.550 2,415 195 1,550 2.415 195 975 3,392 2, 191 127 9.293 7,335 90 6,983 9.257 294 426 1,387 51,038 5.483 900 6,983 9,257 294 426 1,357 1.5T2 51, 132 3,214 900 1,099 5, 723 1,387 51.038 5.483 900 6,964 1.275 26 1.275 26 208,807 208.807 158.692 Total 2024 158. 692 158.692 Page 12
REDEEMED CHRISTIAN CHURCH OF GOD - (RCCG) JESUS PEOPLE PARISH ,,. -- NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Independont examinerfs remuneration The independent examinerfs remunefatK)n amounts to an independent examiner fee of £720 12024 - £720). Trustees. remuneration and expenses During the year. no Twslees receNed any remunerat•)n or other benefits (2024- £NIU. During the ended 31 Dernber 2025. no Trustee expenses have incurred f2024- £NIL). Tanglble fixed assets Freehold Fixtures and property fittings chUh equipment Computer equipment Total Cost or valuation At 1 January 2025 Addrtions soo.000 8.375 2.641 1.327 511,016 4.663 At 31 December 2025 51)0.000 8.375 3.968 515,679 Depreciatlon At 1 January 2025 Charge for the year 6.461 1.914 881 7,342 1.323 1.112 Al 31 December 2025 8.375 1.112 11,691 Net book value At 31 December 2025 1,764 2,224 503,988 Al 31 December 2024 500.C( 1.914 1, 760 503, 674 Page13
REDEEMED CHRISTIAN CHURCH OF GOD- IRCCGI JESUS PEOPLE PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2025 Tangible fixed assets l¢ontinuedl The chartty hdds freehold propety Comprising the churth building al Unrt 18. Midas Business Centre, Wantz Road. Dageftham RM10 8PY. The propety is hdd on trust in accordance wlh the goveming document of the Gharity. The trustees have the power lo appty the property for the purposes of the charty and, accordingty, Tt is included in these financial slalements. The propety is Carried at the historTrc cost of £500,000. The al tEtle lo the propety is held by Messrs Awosola. Olugbodi and Soyebo, acting on behalf of the charity. The trustees confirm that the propety is maintained in good condrtion and is appropriately InSud. The property is not subject lo any mortgage or chaige, and there are no reStrid)$ on its u$e other than those imposed by the IrLtsl deed. Creditors: Amounts falling due within one year 2025 2024 Other taxation and %)aal security Pension fund twabte Other credrtors AccfLEals and deferred income 3,621 175 2,995 175 1, 700 720 720 4.516 5,590 10. Flnancial instruments 2025 2024 Financial a$$ets Financial assgts rTwsured at fair value through inc(xne and expenditure 145.461 182,819 Page 14
REDEEMED CHRISTIAN CHURCH OF GOD- (RCCGI JESUS PEOPLE PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 11. Ststernent of fundg Statement of funds- current year Balance at 31 Balance at 1 January 2025 Decembor Income Expendlture 2025 Unrestrl¢ted funds General Funds- all lunds 680,903 172,837 1208,8071 644.933 12. Summary of funds Summary of funds- current year B•lance at 31 Balance at 1 January 2025 Decemr 2025 Income Expendlture General fvnds 880.903 172,837 1208,807) 644,933 13. Related party transactions The Redeemed ChristT"an Church of God - IRCCG) Jesus PeC$p Parish has not entered into any related paty transaction during the year. nor are there any outstsnding balan$ owing beeen related parties and the Redeemed Christian Church of God- IRCCGI Jesus People Parish at 31 December 2025. Page 15
REDEEMED CHRISTIAN CHURCH OF GOD- IRCCGI JESUS PEOPLE PARISH INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2025 2024 2024 CHARITY INCOME Trthes and offering Gift aid 146.471 26.366 143.691 21,977 TOTAL CHARITY INCOME 172.837 165.668 L8$s: CHARITABLE AcTIVlEs COSTS Wages and $81aries National Insurance Pension cos15 Light and heating Wate rate 51,038 5,483 900 9.257 51. 132 3.214 900 7,335 Motor running costs Travel expense5 Donations and gffts Evangelism Fellowship meals DBS Training Telephone Church supplie$ Staff welfare AccoLtntancy fees Legal and professional fees Computer costs Insurance Clean and security Sundry expenses Bank charges Repairs and maintenance State and national convention Oepre¢ialion Printing. postage and stslionery Pastorfs hosprtalty BocA(s and literature TOTAL CHARITY EXPENDITURE 195 2,191 f 27 815 9,293 3,392 163 5,723 1,357 1,572 1.099 720 5.730 240 6.983 2,415 426 1.387 720 159 836 1.657 1,523 975 715 65 22,833 719 73,432 2.783 4.349 2.488 1.275 208.807 158,692 Page 16
REDEEMED CHRISTIAN CHURCH OF GOD- {RCCGI JESUS PEOPLE PARISH INCOME AND EXPENDITURE ACCOUNT I¢ONnNUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2025 2024 2024 (Deficit}ISurplus for tho reporting period Surplus brought forward at 1 January 2025 13S,970) 6.976 6,916 The notes on pages 9 to 15 fomi part of these finanual statements. Page 97