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← Praise Tabernacle

2024-12-31-accounts

Charity Registration no 1085725

RCCG Praise Tabernacle

Annual Accounts

1 Jan 2024 - 31 Dec 2024

Prepared by DTT Consultancy Ltd

RCCG Praise Tabernacle

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

General Overseer Pastor E A Adeboye
Trustees
Fola Adeshakin
Delphine Adamu
Ayo Ogunmoyero
Ayo Ayodele - Secretary
Suzanah Fadeyi
Boaz Adelekan
Minister In Charge
Pastor Femi Popoola
Charity registration no 1085725
Principal office
1 Marsh Road
Wembley
Middx
HA0 1ES
Independent Examiner
Tunji Ogedengbe
DTT Consultancy Ltd
36 Daffodil Close
Hatfield
AL10 9FF
Bankers
TSB Bank

RCCG Praise Tabernacle

TRUSTEES' REPORTS FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of The Redeemed Christian Church of God Praise Tabernacle (the charity) for the ended 31 December 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under a Trust Deed dated 6th Feb 2001

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust deed.

c. 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.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the parish pastor and volunteers.

e. RELATED PARTY RELATIONSHIPS

Praise Tabernacle parish is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

f. 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 and procedures are in place to mitigate our exposure to the major risks.

g. GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes.

The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

Page 1

RCCG Praise Tabernacle

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

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 in particular its supplementary public guidance on the advancement of religion for the public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

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

and provision of care and support for the needy as appropriate;

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration.

e. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers, employees and trustees have the right checks and assessments before they can work with a church. Find out how charities can protect their users. Safeguards are in place to protect vulnerable people from abuse, and prevent abuse happening in the first place.

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will be conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted verbally or in writing, and can be formal or informal.

Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made.

Page 2

RCCG Praise Tabernacle

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

The church undertook the following activities:

JEANS SUNDAY

Aim - A prayer initiative aimed at praying for members of our communities through the use of prayer card thereby strengthening our relationship with the community.

The church distributed prayer cards to the community requesting for households and individual members of the community to respond with prayer requests. Upon receipt of these prayer cards with the requests, each request was prayed about by the church.

ONE VOICE MUSICAL WORSHIP EVENT

This was held in July with friends and members of the community in attendance. There was lots of activities, fun, food, drinks and a great time of fellowship sharing the love of Jesus Christ.

FAMILY DAY (CULTURAL EVENT)

This was a multicultural, ethnic diversity event which held in August with friends and members of the community in attendance. There was lots of activities, fun, food, drinks and a great time of fellowship sharing the love of Jesus Christ.

This was held in December with friends and members of the community in attendance. There was lots of activities, fun, food, drinks and a great time of fellowship sharing the love of Jesus Christ.

CHRISTMAS VISIT TO HOMES.

Aim: To share the blessings of the season with the residents of the Care home by presenting to them the love of God through the birth of Jesus Christ and also blessing them with gifts.

The church visited Burroughs Care Home, Mill Road, West Drayton. UB7 7EQ in December. We entertained the residents with songs and presented with gifts.

ORGANISED WITNESS WALKS

As a part of the outreach initiatives, The church conducted organised witness walks, in and around the community sharing the love of Christ.

FEED A FAMILY (FOODBANK DONATION)

The church donated food items to two food banks through Premier Action Line..

ANNUAL CELEBRATION OF CHRIST

This was held in December with friends and members of the community in attendance. There was lots of activities, fun, food, drinks and a great time of fellowship sharing the love of Jesus Christ.

Page 3

RCCG Praise Tabernacle

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

a. RESERVES POLICY

Members of the church have been generous this year. However there was a fall in the church collection and our expenditure for the year. The statement of the financial activities shows a deficit for the year of (£ 43,412) and our net asset stand at £27,840.

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by 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 mainly through voluntary tithes and offerings by the church members.

PLANS FOR THE FUTURE

a. FUTURE DEVELOPMENTS

We are hoping to acquire a building of our own and we are also praying that God will help us establish another parish with its own place of worship.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 25th October 2025 and signed on their behalf, by:

Fola Adeshakin

Page 4

Independent Examiner's Report to the Trustees of

RCCG Praise Tabernacle

I report on the accounts for the year ended 31st December 2024. Respective responsibilities of trustees and 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 43(2) of the

Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe FCCA

DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 25th October 2025

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RCCG RCCG Praise Tabernacle RCCG Praise Tabernacle RCCG Praise Tabernacle RCCG Praise Tabernacle RCCG Praise Tabernacle 1085725
Annualaccountsforthe period
Period start date 1st Jan 2024 To Period end
date		 31st Dec 2024
Section A Statement of financial activities
Recommended
categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
Charitable activities
S10
Governance costs
S11
Other resources expended
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Total resources expended
Total incoming resources
Total funds carried forward
Total funds brought forward
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Prior year adjustment
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other recognised gains/(losses)
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Gross transfers between funds		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this year Total last year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
311,036 - - 311,036 398,127
- - - - -
- - - - -
- - - - -
135,647 - - 135,647 -
446,684 - - 446,684 398,127
- - - - -
335,149 - - 335,149 303,367
- - - - -
- - - - -
154,447 - - 154,447 43,476
500 - - 500 500
- - - -
490,095 - - 490,095 347,343
43,412
-		 - - 43,412
-		 50,784
- - - - -
43,412
-		 - - 43,412
-		 50,784
- - - - -
- - - -
43,412
-		 - - 43,412
-		 50,784
71,252 - - 71,252 20,469
27,840 - - 27,840 71,252

Page 6

RCCG Praise Tabernacle

Section B Balance sheet as at 31st December 2024

Note
Fixed assets
Tangible assets (Note 9)
B01
B02
Investments (Note 10)
B03
Total fixed assets
B04
Current assets
Other assests
B05
Debtors (Note 11)
B06
(Short term) investments
B07
Cash at bank and in hand
B08
Total current assets
B09
Creditors: amounts falling due within
one year (Note 12)
B10
Net current assets/(liabilities)
B11
Total assets less current liabilities
B12
Creditors: amounts falling due after
one year (Note 13)
B13
Provisions for liabilities and charges
B14
Net assets
B15
Funds of the Charity
Unrestricted funds
B16
B17
Restricted income funds (Note 14)
B18
Endowment funds(Note 15)
B19
Total funds
B20		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
20,445 - - 20,445 30,666
- - - - -
- - - - -
20,445 - - 20,445 30,666
- - - - -
4,596 - - 4,596 4,596
- - - -
3,299 - - 3,299 36,489
7,895 - - 7,895 41,085
500 - - 500 500
7,395 - - 7,395 40,585
27,840 - - 27,840 71,252
- - - - -
- - - - -
27,840 - - 27,840 71,252
27,840 27,840 71,252
- -
- - -
- - -
27,840 - - 27,840 71,252

Signed by

Date of
approval
Print Name		 Date of
approval
Print Name		 Date of
approval
Print Name
Fola Adeshakin 25/10/2025

Page 7

RCCG Praise Tabernacle Jan - Dec 2024

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• and with*  Accounting Standards;

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

[** except for the following].

Give details in this box if a different standard has been followed.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 8

RCCG Praise Tabernacle Jan - Dec 2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when: resources  the charity becomes entitled to the resources;  the trustees are virtually certain they will receive the resources; and  the monetary value can be measured with sufficient reliability. Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income) related expenditure the incoming resources and related expenditure are reported gross in the SoFA. Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to and gifts which they relate. Contractual income and This is only included in the SoFA once the related goods or services have been delivered. performance related grants Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the Gifts in kind amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. Donated services and These are only included in incoming resources (with an equivalent amount in resources facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and material . The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help trustees’ annual report. Investment income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without These are only recognised in the accounts when a commitment has been made and there are performance conditions no conditions to be met relating to the grant which remain in the control of the charity. Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

ASSETS

ASSETS
Tangible fixed assets for use These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

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RCCG Praise Tabernacle Jan - Dec 2024

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Investment income
Incoming resources from
charitable activities
Voluntary income
Other		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Gift aid income 22,218 19,730
Tithes,offeringetc 288,754 285,046
Interest income 65 -
Total 311,036 304,777
Other 135,647 -
- -
- -
- -
- -
Total 135,647 -
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -

Page 10

RCCG Praise Tabernacle Jan - Dec 2024

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Governance costs
Fundraising trading
costs
Investment
management costs
Charitable activities
Costs of generating
voluntary income		 This year
Last year
£
£
Analysis		 This year
Last year
£
£
Analysis		 This year
Last year
£
£
Analysis
Media 1,142 4,539
Pastoral allowance 74,991 74,629
Rent & Rates 103,227 87,337
Buildingrepairs 15,805 -
Professional fees 31,600 12,198
Utilities 10,405 8,036
Insurance 8,122 3,596
Stationery& Printing 3,190 3,550
Tel/Communication 4,271 3,604
Bank charges 1,022 875
Children Department 250
Youth ministry - 2,915
Office Equipment 6,378 1,188
Multimedia 5,281 184
Repairs and Maintenace - 3,010
Drama Prouction - 1,437
Other 1,148 1,660
Training 1,063 -
Music Expense 985 5,468
Motor Van 514 433
Fuel - 887
Travel 23,322 33,236
Honourarium 7,720 6,040
Conference 4,911 5,368
Office/Admin expenditure 1,900 2,564
Cleaning 5,019 3,827
Hospitality 5,880 11,174
Depreciation 10,222 10,222
Books and Materials - 226
Pastrol expense - 1,502
Website 250 -
Convention - 4,625
Pension 3,852 4,173
Legal,Accounting& ConsultancyFees 2,678 4,862
Total 335,149 303,367
- -
- -
- -
- -
- -
Total - -
Scanlon Project
StagProject - -
- -
Total - -
WEM 22,000 24,000
COF 1,200 3,200
FOL/ FOL Europe 3,263 199
EuroFOL 32,207 -
Welfare 4,754 1,424
Evangelism 5,192 -
Region - 3,298
Yaya 2,781 -
Outreach 21,844 2,121
Mission 55,421 -
Donation 5,707 7,454
Church Programme incCornerstone 78 1,781
Total 154,447 43,476
IndependentExamination 500 500
Total 500 500

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RCCG Praise Tabernacle Jan - Dec 2024

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

costs.
Support cost type Fundraising activity
£		 Charitable Activity
£		 Governance Activity
£		 Total Cost
£
Gift aid reclaim cost - - -
Stewardshipexpenses - - -
Accountancyfees - - -
Legal fees - - -
Architect's fees - - -
Otherprofessional fees - - -
Fundraising/publicity - - -
Total - - - -

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses

Total amount paid

This year Last year
£ £

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
Independent examiner’s or auditors' fees for reporting on the
accounts		 This year
£		 Last year
£
500 500
500 500

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RCCG Praise Tabernacle Jan - Dec 2024

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Balance brought
forward
Additions
Revaluations
Disposals
Transfers *
Balance carried
forward		 Vehicles
£		 Computer
Software
£		 Building
Improvments		 Other fixed
Assets
£		 Other Current
Assets
£		 Total
£
12,000 1,022 40,889 140 54,051
- - -
- - - - -
- - - - -
- - - - -
12,000 1,022 40,889 140 - 54,051

9.2 Accumulated depreciation and impairment provisions

*Basis*
 Rate
Balance brought
forward
Depreciation charge
for year
Impairment provisions
Revaluations
Disposals
Transfers
Balance carried
forward
Brought forward
Carried forward
9.3 Net book value*		 SL or RB SL or RB SL or RB SL or RB SL or RB
12,000 1,022 10,222 140 - 23,384
- 10,222 10,222
- - - - -
- - - - -
- - - - -
- - - - -
12,000 1,022 20,444 140 - 33,606
- - 30,667 - - 30,667
- - 20,445 - - 20,445

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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RCCG Praise Tabernacle Jan - Dec 2024

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
2,500 2,500 - -
- - - -
2,096 2,096 - -
- - - -
4,596 4,596 - -

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors

Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Other creditors
Accruals and deferred income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - -
500 500 - -
- - - -
-
- - - -
500 500 - -

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Page 14