Registered Charity No. 1101294 THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS Report and Financial Statement for the Year Ended 31 March 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS Year Ended 31 March 2025 REPORT AND FINANCIAL STATEMENTS CONTENTS PAGE REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 9-13
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS Report of the Trustees for the year ended 31 March 2025 BOARD MEMBERS, OFFICERS, ADVISERS AND BANKERS General Overseer Pastor E A Adeboye Trustees/Directors The Trustees/Directors who served during the period were as follows: Pst. Oluwatoyin Onabanjo (Chairl Pst. Gloria Piper Deacon Samson Ayotunde Afolabi Deacon Timothy Olatunde Mr John Adekunle Adeoye Mr Emmanuel George Resigned 30/06/2024 Resigned 30/06/2024 Senior Pastor Pastor Mary.0. Afolabi Correspondence Address Detection House Units 4 &5, Brookland Approach Romford RMI IDX Accountants Da-silva & Associates Limited Chartered Certified Accountants 14 Farm Close Dagenham RMIO 9TX Bankers Lloyds Bank PIC Sedgemoor House Taunton TAI 2UF statutory Registration Registered with Charity Commission Charity Number l 101294
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS Year ended 31st March 2025 Report of the Trustees -continued The Trustees present their report along with the financial stalemenl of the charity for the year ended 31 st March 2025. The Financial Statements have been prepared on the accounting policies set out in the notes. The Financial Stalements comply with the Charity Act 2011, chartty's governing documenl, applicable law, and requirements of the Stalement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. STRUCTURE GOVERNANCE AND MANAGEMENT The Redeemed Christian Church of God IRCCGI Jubilee House for All Nations registered charify {number 1101294) The main objectives of the Charity are the advancemenl of the Christian faith in accordance with our statement of faith and the relief of poverty. Organization and Structure The management of this Charity is the responsibility of the Board of Trustees. Who have who have been co-opted for their skills and experience in church leadership. Trustees are required to attend induction and annual training in order to keep up to dale. The day to day running of this Charity is the responsibility of the Senior Pastor; She is assisted by a Council of ministers and church elders, whom she delegales responsibilities too regularly. They meet occasionally in the year to review the activities of the church and to make decisions on all crucial matters. Grant Making Policy The Church in accordance with the agreement of common purposes signed with RCCG UK is mandated to make a regular contribution towards RCCG COF, RCCG WEM, the Festival of Life and other worldwide, Europe continent and national aclivities organized by RCCG Central off ice.
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS Year ended 31st March 2025 Report of the Trustees -continued Reserve Policy It is the policy of the Charity to retain enough funds at a level enough to cover basic operational costs and the remainder of Ihe reserve is expended on the objectives of the charity or relained for future plans. Risk Management The trustees have a risk management strategy in place which comprises: An annual review of the principal risks and uncertainties that the charity faces. The establishment of policies, systems, controls. and procedures to mitigate those risks identified in the annual review Strategic and operational plans and an annual budget, and progress reporting against plans and budget The implementation of procedures designed to minimize or manage any potential impact on the charify should those risks materialize. Financial Review The Charity's financial statement for the year ended 31 sl March 2025; shows a net deficit of £2,549 Iln 2024; net surplus of £3,272) Reserved are required in the event of possible emergencies and in order to ensure all unexpecled contingencies are adequately funded. Volunteers This charity continues in the work of advancing the Christian faith in England and Wales and in the continent of Europe. because of the infringing commitment of all our volunteers, for which we are entirely thankful to God. All through the year, our members have supported the church voluntarily in our times of challenge and towards achieving the objectives of the Charity. Public Benefit RCCG Jubilee House for All Nations ensure that all their activities are planned and designed for the benefit of the public and in line with Charity's objects of advancement of Christian faith and the relief of poverty. The board of trustees ensures church take account of the Charity commission's guideline on public benefits in their planning and decision making.
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS Year ended 31st March 2025 Report of the Trustees -Contlnued Slalement of Trustees Responslbllllles Chority law requires the Trustees to prepare the Financial Statements for each financial year which gives a true and fair view of the state of financial affairs of the Charity during the year and of its financial position at the end of the year. In preparing those Financial Statements, the Trustees are required to: a. Select suitable accounting policies and apply them consistently through the year b. Make judgments and estimates that are reasonable and prudent c. State whether applicable Accounting Standards have been followed, subject lo any material departures that should be disclosed and explained in the Financial Statements. d. Prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Trust will continue in operation. e. The Trustees have overall responsibility for ensuring that the charity has an appropriate system control, financial and otherwise. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enables them to ensure that the Financial Statements comply with the Charities Act 2011. We are also responsible for safeguarding the Assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved on behalf of the board of Trustees on.... F(Xfi.Ck2025 Pastor Oluwatoyin P. Onabanjo Trustee Deacon fimo Trustee hy Olatunde
Independent Examiner's Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS We report on the accounts of the Redeemed Christian Church of God {"RCCG") - Jubilee House for the year ended 31 March 2025, which are set out on pages 7 to 13. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The 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 needed. Having satisfied myself that the charity is not subject to audit under company law and is eligilbe for independent examination, It is my responsibility to.. examine the account under (section 145 of the 2011 Act., to following the procedures laid down in the general Directions given by the Charity Commission under section 145(5){b) of the 2011 Act., and to state whether particular matters have come to my attention Basis of 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 the 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 therefore is limited to those matters set out in the statement below. Independent examinerfs 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= to keep accounting records in accordance with section 386 of the Companies Act 2006., and to prepare accounts which accord with the accounting records, comply with the accounting requirements of the section 386 of the Companies Act 2006 and with the methods and principles of the Ststement of Recommemded Practice.. Accounting and Repoting by Charities (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mrs Eileen Da-silva FCCA Da-silva & Associates Limited Chartered Certified Accountant 14 Farm Close, Dagenham, RM10 9TX 12th of January 2026
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025 2025 2024 Notes Unrestrlcted Fund Unrestricted Fund Income Donations and Legacies 147,825 162,107 Expenditure on Charitable expenditure: Grants and donation Activities for charitable objectives Support costs Management and administration 18.889 93,967 11,410 26,108 10,973 96,583 21,680 29,599 Total Expenditure 150,374 158,835 Net lexpenditurellincome (2.549) 3,272 Total Funds brought fomard 31.697 28,425 29.148 31,697
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible fixed assets 394 853 Currenl assets Accounts receivoble Cash at bank 19,874 9,109 28.983 21,516 9,846 31,362 Credltors: amount lalllng due wlthln one year 9 229 518 Nel current (Ilabllllies)/assets Total assets less current Ilabllltles 28,754 29,148 30,844 31,697 29,148 31,697 Income Funds Unrestricted Funds- General Funds 10 29,148 31,697 Pastor Oluwatoyin P. Onabanjo Trustee Deacon fimothy Olatunde Trustee
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 l Accounllng policy The principal accounting policies, all of which have been applied cons1Stenlly throughout the year, are set out below: Scope and basis of Ihe financial stalements a) Convention These financial statements have been prepared in accordance with the Financial Reporling Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffeclive l January 20151. The Charity is a public benefil entity for Ihe purposes of FRS 102 and therefore has also prepared the financial slatements in accordance with the Statement of Recommended Practice applicable to chorities preparing their accounts in accordance with theFinancial Reporling Standard applicable in Ihe UK and Republic of Ireland (The FRS 102 Charities SORPI and thecompany Act 2006 and Charities Act 2011. b) Preparalion of accounts on a going concern basis The trustees consider there are no material uncertainties about he Charity's ability to continue as a going concern. The review of our financial position, reserves levels and future plans gives Trustees confidence the chorily remains a going concern for the foreseeable future. c} Donations & Legacies Voluntary income is received by way of donations. legocies and gifts and is included in full in the statement of financial aclivities when receivable. Volunteer lime is not included in the financial 5talemenl5. d) Grants and Commissioned Services income recognilion Income from granls and commissioned services is recognised in full in the stalemenl of financial activities in the year in which the income is receivable e} Renlal income recognilion Rental income is included in full in the stalemenl of financial activities when receivable. Contractual and fee income is recognised in the financial statements lo Ihe extent that entitlemenl had been earned at the year end through performance of the conlract. fj Deferred income Where unconditional entitlemenl to income receivable is dependent upon fulfilmenl ol conditions within the charily's control. the income is recognised when there is sufficient evidence that conditions will be met.Where there is vncertainly os lo whether the charily can meet such condilions the income is deferred.
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 g) Fund accounling General funds are unrestricted funds which are available for use at the discretion of Ihe trustees in furtherance of Ihe general objeclives of the parish and which have not been designated for other purposes. h ) Incoming resources All income is accounled for when Ihe Charity has entitlement to the funds. Ihe amount can be quantified and there is cerlainty of receipt. i) Resources expended All expenditure is accounted for on acctual ba515 and has been included under expense categories that aggregate all costs for allocalion to activities. Where costs cannot be directly atlributed to particular activities they have beenallocaled on o basis consistent with the use of the resources. Grant payable are charged in the year when the olfer is made except in those cases where the offer is condilional, such grants being recognised os expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have nol been met at the year end are noled as a commitment. but nol accrued as expenditure. j) Cash Ilow The financial statements do nol include a cash flow statement because the church. as a small reporting enlily. is exempl from Ihe requirement to prepare such a statement under the financial Reporting Slandard for Smaller Enlilies leffeclive June 20021. k) Tangible fixed assels and deprecialion All assets costing more Ihan £500 are capitalised. Tangible fixed assets are staled al cost and depreciated on o straight line basis over Iheir useful economic lives os follows- Furniture & Fittings Office/Church Equipment 251. 25% 10
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS {Contd) Year ended 31 March 2025 2025 Unrestricted Fund 2024 Unrestricted Fund Donations and Legacy income Tithes & Offering Gift Aid other Income 125.260 18.658 3.907 147.825 137,204 21,089 3,814 162,107 Grants and Donations RCCG - World Evangelical Mission RCCG - Central Office Fund RCCG- UK Camp ground Habitation of Hope other Grants & Donations 3,010 1,300 2,000 600 11,979 5,724 1,100 2,000 600 1,549 18,889 10,973 11
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS (Contlnued) Year ended 31 March 2025 2025 Unrestricted Fund 2024 Unrestricted Fund Cost of Acllvltles for Charltable Objectlve Rent and Service Charge Musical Expenses Honorarium, Gifts & Ministerial Expenses Church Events & Development 75.728 15.120 340 2.779 93,967 74,919 17,120 1,455 3,089 96,583 Support Cosl Premises Expenses Business Rates and council taxes Power, Gas and other ulilities Repairs, Maintenance & Renewals Telephone Expenses Printing, Stationery & Postage Refreshments Insurance Bank and Credit Charges Travel Costs other Expenses 330 1,221 1.270 2,092 1,500 2,105 533 592 475 460 1.638 3,865 7.150 2,616 540 506 2,997 3.200 11.410 21,680 Managemenl and Admlnlslratlon Legal, Professional and Consultancy Accountancy fees Pastorial Care Books, manuals and journals staff and Admin Costs Transportation & logistics Training and annual conference Costs 6,406 1.800 1,410 265 15,263 1,959 1,8C() 2,385 90 16,049 1,572 5,743 964 26,108 29,599 12
THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE HOUSE FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS (Contlnued) Year ended 31 March 2025 Tanglble fixed assels Church Equipments Cost At 1104124 Additions Disposal AI 31103125 5.390 5,390 Accumulaled Deprecialion At 1104124 Depreciation for the year Disposal AI 31 /03/25 4,537 459 4.996 Net Book value AI 31 /03125 394 AI 31103124 853 2025 2024 Accounts receivable Accrued Income - Gift Aid Tax & Social Security 19.874 21,089 427 21,516 19.874 Accounts Payable: falling due within one year Tax & Social Security other Creditors and Accruals 81 148 229 51 467 518 10. Movement in funds Opening balance Net lexpenditurellincome 31.697 (2.549) 28,425 3,272 Balance at 31 March 29.148 31,697 Truslee remuneration and relaled party informalion No remuneration was made to the trustees during the year. 12. Taxation RCCG The Jubilee House is a registered charity and is eligible for the exemptions from taxation available to charities on their charitable aclivities. 13