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← The Redeemed Christian Church Of God ('Rccg') Living Water Parish

2024-12-31-accounts

Charlty Reglstratlon Number ,' 1101824 THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING WATER PARISH TRUSTEES, REPORT AND FINANaAL STATEMENT5 FOR THE YEAR ENDED 310ECEMBER 2024

THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING WATER PARISH LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees DAVID O Oludoyl SAMUEL O Bakare AYODEJI PHIUP Coo vicroRIA MODUPEOLA Atere 1101824 169-171 Haydons Road South Wirnbledon London SW19 8TB Charlty Number R¢gl#t*r4d Offlco Bankers Barclays Bank PLC 41 Woolwich New Road SE18 6NU London Independent Exomlntr Abudey & Company Flrst Floor 14-16 Powis Street Woolwich SEI8 6LF

THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCG) LIVING WATER PARISH CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees. Report Indepèndent ExJmlnefs Report Statement of Flnbnclal Actlvitles Balance Sheet Notes to the Hnanclal Statements

THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING WATER PARISH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The truste05 present thelr annual report and flnanclal statements for the year ended 31 December 2024. The trustees have adoptedthe provlslonsof Accounting and Reporting bycharltles: Statementof Recommonded Practice appllcable to eharltles preparlng thelr accounts In accordance with the Financial Repurtlng Standard 4ipplScable In the UK and Republlc of Ireland IFRS1021 leffective l January 2019}. OBJECnVE5 AND ACTIVMES Objoctlvès and alms Living Water Parish is a member of The Aedeemed Christian Church of God whlch has patlshe5 all over theworid. We alm to.. TlJm the heart of men back to God. Feed the word of God to those who are hungry. to sat15fy their longing soul5. Equlp the heart of man wlth the weapon to set It free trom mediocre mentallly, Nourlsh man with the word to turn loose the power of God irb man to be a blessing Enrich the splrit with the vitality of eternal Ilfe wlth an assurance of the crown of glory. Raise up people capable of affectlng thelr goneratlon p051tively for God. Revive, Reconcllè and Restor¢10st hopes. LIft up the banner of Chrlst on foundattons of many generatlons. Llving Water Parish 15 a place of divine appointwnent to destiny, the repairer of broken relat5on5hlps.the restorer of God ordained family ordered by the power of the Holy Spirlt. There shall be a performance of the word of God on th15 assembly, accordSng to His promise injesus name. Slgnlficant artlvltles The Redeemed Church of God Llvlng Water Parlsh is a 100% share holder of LWP Assets Investment Ltd. The activltles of thls company Is buying sellSng an(J letting of its own real Èstate. Publlc beneflt The charity has contlnued to provlde beneflts to the publlc In the manner descdbe below. l. Organising SundayService5 for rellgious worshlp and tsachlng 2. Or9anlsing Communltyoutreach events and Evangelism 3. Provlslon of welfareand support for members Volunteers Many volunteers give up their time to help at the church. partlculorly at weekends and in the evenings.we are greatly Indebted ro these volunteers for their commltment and support. FINANCIAL REVIEW Reserves pollcy The Commlsslon require5 chaflties to determlne and explain their poli¢y for réserves. The trustees have reviewed its free reserve pollcy and have ttjrned its entire free unrestrScted fund Into an emergency fund to enable Llvlng Water Parlsh to meet Its obligations In event of a shortfall In income or sudden upturn In expendlture. Furthermore the trustees meet quarterly to revlew thelr reserye level. If the value of the reseThes falls below a level unacceptable to the tnJ5tees. then appropriate action will be taken immedlately to rectify the sltuation, sTRU￿URE, GOVERNANCE AND MANAGEMENT Govemlng dcjcument The charity is controlled by Its governing document, a deed of trust and con5tltutes an unlncorporated chaflty. Page 10111

Thls report wa5 approved by the trustees and slgned on its behalf by., DAVID O Oludoyl TRVSTÉE Date,. ,fjL03- Page2of11

THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING WATER PARISH INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examlner's report to the trustees of THE REDEEMED CHRisfiAN CHURCH OF GOD IRCCGI LIVING WATER PARISH I report to the charity trustees on my examination of the accounts of THE REDeEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING WATER PARISH Ithe Ikustl for the year ended 31 December 2024, Responsibilities and basis of report As the charlty trustees of the Trust you are responslble for the preparatlon of the accounts In accordpnce with the requirements of the Charities Act 20111'the Act'l. I report in respect of my examinatSon of the Trust's accounts carried out under Sectlon 145 of the Act and in carrySng out my examlnation I have followed all applicable Directions given by the Charity Commission under Section 145151 Ibl of the A ct. Independent examinerf5 Statement Since your charlty's gross Income exceeded £250,000 your examiner must be a member of a 115ted body. I can confirm that l am qualified to undertake the ex8mlnt¢tlon because l am a member of the Assocla¢Son of Intematlonal Accountants, whlch15 one of the Ilsted bodles. I have completed my examination. I confirm that no material matters have come to my attentlon In connectlon with the examlnation giving me cause to believe that in any mater131 respect.. ccountlng records were not kept In respect of the Trust as required by Section 130 of the Act,. or the accounts do not 4ccord wlth those records: or the ac¢ounts do not comply wlth the applicable requi￿rnents concemln9 ihe form and content of acctsunts set out In the Charities (Accounts and Reports) Regulations 2008 otl)er than any requlTeTnent that the accounts give a true and falr vlew whlch Is not a matter conslder¢d ès part of an Independènt examifiatlon. I have no concems and have come across no other matters in connectSon with the examinatlon to which atten￿￿Tr should be drawn in this report in order to erbable a proper understanding of the account5 to be reached Name: SYMON ABUDEY for and on behalf of Abudey & Company Date: Page30111

THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING WATER PARISH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Recomthended eategorles by actlvlty Income and •Thdowm•nt* from: Vnrestrlrted funds Tot)l Funds 2024 Total Funds 2023 Not Oonations and legacles 491,409 491.409 S34,483 Investments 113 113 715 Total 491,522 491,522 535.198 Expendlture on: Rai51ng funds 405,219 405.219 343,653 CharltoblÈ aetlvlties 46.626 46,625 35.420 other 64,600 64,600 44.683 Total 516.445 516,445 423.756 Net Incomellexpendlture) 124.9Z31 (24,923) 111.442 N•t movknient In funds 124,9231 (24,923) 111.442 Reconclllatlon of funds: Total fund5 brought forward 429.410 429,410 317,969 Total funds ¢arrltd forward 404,487 404,487 429,411 Page4of11

THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING WATER PARISH BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024 R•¢ommendad tatégorl•s by artlvity Hxed assets Noteg Tot31 Funds 2024 Total Funds 2023 Thnglble assets 512,021 190,766 Total fixed a55etS 512.021 190.766 Current assets Debtor5 134,587 138.268 Cash at bank and In hand li 92.133 222.986 Total current a55ets 226.720 361.254 Credltors.. amounts falling dLke wlthln one year 12 30,927 18,498 Net current ass¢ts1(Ilabllltles) 195.793 342.756 Total a$i•ts 1955 current Il&bllltl85 707.814 533.522 Credlior5: amounts falllng due after one year 13 303,325 104.111 Tgtal net assets 404,489 429,411 Fund$ ot the Charlty Unrestrlcted funds 14 404.487 429,410 Restrlcted Income fund5 14 Endowmentfunds 14 Total funds 404.487 429,410 The flnanclal statements were approved by the trustee5 on . .and 55gned on Its behalf by: DAVID O Oludoyl TRUSTEE Date.. Page50111

THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING WATER PARISH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. Accountlng Pollcles The principal accounting polities adopted by the Charity, which is a publlc beneflt tntlty, In thè preparation of the accounts are as follows. 1.1 Basls of preparatlon These accounts have been prepared under the hlstorlcal cost conventlon, as modifled by the Incluslon of charitable properties and lixed &55et investments and investwnent propertles at valuation. These accounts have been prepared In accordance wlth 'Accountlng and ReportSng by Charlties., Statement of Recommended Practlce appllcable to charltles preparing their account5 In accordance wlth the Financial Reportlng standard appllcable In the UK and Republlc of Ireland IFRS 1021- leffectlve I january 20191- ICharitle5 SORP IFRS 10211, the Financlal Reporting Standard appllcable In the UK and Republlc of Ireland (FR5 1021 and the Charftle5 Act 2011. These accounts are presented In pounds sterllng and rounded to the nearest pound. 1.2 Golng concern The Trustees have prepared flnanclal projections, taklng into conslderatlon the current economic condltlons and have, at the time of approvlng these accounts. a ￿aSOnable expectatlon that the charlty has adeqijatè resources to continue In operational existence for the foreseeable future. Thu5 they continue to adopt the going concem ba515 of accounting In preparing the accounts. 1.3 Income from charltable a¢tlvltl•s All income is recognisedin the Statement of Financlal Acttvltles once the charfty has entltlement tothe fund5. It Is probable that the income wlll be received and the amount canbe rneasured reliably, 1.4 Expendlture Llabllltles 8￿reCognIsed as 8xpondlture a5 500n as there is a legal or eon5tr¢Jctlveobllgatlon commlttlnp the charlty to that expendlture, It Is probable that atranster of economic benefit5 will be required In settlement and the amourtt oftha obllgation can be measurecl re15ably, Expendlture Is accounted for on anJccrua15 bèsls and has been classlffed under headings that aggregate all eostrelated to the cate90ry. Where costs cannot be dlrectly attrlbuted topèrtlcular headlngs they have been allocated ta actlvitles on a baslsconslstent wlth the use of resources. 1.5 Penslons The charity opÈrates a dÈfined contrlbution pension scheme. Contributlons payable to the chbrlty'spenslon scheme are ¢harged to the Statement of Financlal Actlvltles In the perlod to which they relate, 1.6 iaxatlon The charity is exemptfmm tax on its charltable actlvltles. 1.7 Fund accountlng Unrestrlcted funds can beu5ed In accordance wSth the charltable oblèctlves at the dlscretlon of thètrustee5. Restricted funds can onlybe used for particular restricted purpose5 withln the objects of thecharity. Restrirtion5 arlse whenspeclfied by the donor or when funds are ralsed for partlcular restrlctedpurpose5. Ftjrther explanatlon ofthe nature and purpose of each fund Is Included In the notes to the financialstatements. Page6of11

1.8 Trnglble flxed assets Tangible fixed assets, such a5 land and buildlngs, plant, vel)icle5 and equipmenL, arè held to provide an on.golng econonilc beneflt to a charlty thr¢ugh their contribution, dlrectly or Indlrectly, to the pYov15ion of goods or seNSces by the charlty. Tangible fixed assÈts, other than freehold land, are stated at cost or vbluatlon less depreclatlon and any provision fo Iinpairment. Depreciation is provlded at rates calculated to wrltÈ off the cost or valuation of flxed assets, less their estimated resldual value. over thelr expected useful live5 on the followln9 basis., Name Improvmts to Llhold prop Church Equipment Furnlture & fittirbgs Motor vehicles Office equlpment Rat• IYr*) 15 25 15 2S 20 Year Method on reduclng balante on reducing balance orb reduclng balance 25% on reducing balance on reduclng balance 2. Income from Donatlons and Legacles AThalysls Vnrestrlcted fund5 Total funds 2024 Total funds 2023 Building Fund Glft Ald Claimed Rental Income Sale of Communion Cups Sundry Donationsllncome Tithes and Offerln9S Total 1,65B 79.694 72.796 1,878 4.062 331,321 491,409 1,658 79.694 72,796 1.878 4.062 331.321 50,750 76.195 35,801 7,176 14,006 350,555 491,409 534,483 3. Income from Investments Analysls Unrestrlrted funds Total funds 2024 Total funds 2023 Bank Interest 113 113 715 Totsl 113 113 715 4. Expendlture on Ralsing Funds Analysls Total funds 2024 Total fundg 2023 Honorarium & Guest Mlnlsters Youth and Outreach AttivSties Ministry General Expenses Special Programrne Expenses Total Support Costs 18,190 3,022 25,B81 21,019 68,112 337,107 11.644 2,209 15,845 20,BIO 50.508 293.145 405,219 343.65Y 5. Expendlture on Charitable Actlvltle5 Total funds 2024 Total funds 2023 Analys15 WEN-World Evangelism Mlsslon Central Office and Othets Hoffle Mission & Other Societie5 12,000 6,000 23,541 1,200 3,885 46,626 46.626 13,000 8.650 10,250 Donations to Festival ot Life Secular Charftie5 & Rellef Total 1,200 2,320 35,420 35.420 Pag87of11

  1. Support Costs Total funds 2024 Totsl eynds 2023 Analysls Support Cort$ Staff Wages and Salarles Employer's Natlonal Insurance Penslons Renl and Rates Telephone Prlntlng Postage & Statlonery AdvertisSng Computer Consumables Intemèt & Subscrlptlon Motor & Tran5POrtation Hire Purchase Bank charges & Interest Natwest Mortgage Interest Governance Costs Audlt and Accountancy Fees Legal & Consultancy Fees 160,402 11,325 7.204 84.992 6.152 4.600 261 2,149 388 21.172 5,648 50 15.600 136,306 7,928 7,268 7è,160 4,603 4,199 376 1.058 2.386 17.326 5.648 270 2.079 15.085 2.OBO 25.537 337.107 293.145

  2. Other Expendlture Unre5trlrted fund$ Thtal funds 2024 Total funds 2023 Analy¥l$ Improvmts to ljhold prop - Depreciation Charge for the Year Church Equlpment- Depreclatlon Charge for the Year Fumiture & fittlnys- Depreciatlon Charge for the Year Motor vehlcles- Dep￿CIatIon Charge for the Year Office equ5pment- Deprèelètion Charge for the Year Purchases of Communlon Cups Rèpalrs servlcln9 &malntenance Mlscell8neous expenses Insvranee and Ucences Total 7.564 7.564 7.962 10,523 10,523 10,364 506 506 595 154 154 205 2.360 2,360 I,ioi 7.123 28,084 184 8,102 64.600 7.123 28.084 184 8.102 6,354 11.346 217 6,539 44.683 64.600 Page8of11

  3. Tangiblè Fixed Assets Imptovmts to Uhold prop Church Equlpment Furnlture & fittlngs Motor vahlclos Offl¢¢ equlpment Chureh Equlprnent HP Freehold Property 8.1 Cost or valuatlon Atoi january 2024 Additions 389.084 169,470 48,575 26.591 21,161 14,964 7,398 39,206 320,000 Dlsp¢sa15 Revaluabons Transfers At31 December 2024 389.084 184,434 48.575 26.591 28.559 39,206 320.000 8.2 Dapreclatlon and Impalrment5 Atol January 2024 Charge for the year Disposals Revaluations 237,800 143,661 45,202 25,976 16.758 33.924 7,564 10,523 506 154 2,360 Transfers At31 December 2024 245.364 154,184 45,708 26,130 19,118 33.924 8.3 Net book value Atoi january 2024 At31 Decemb&r 2024 151,284 25,809 3,373 615 4,403 133.9241 143,720 30,250 2,867 461 9.ul 5.282 320.000

  4. Débtors: Amounts falling due wlthln one year Total tunds 2024 Total funds 2023 Other Debtors 14,155 14,155 11.652 IX.652 Total

  5. Debtors: Amounts fallAng due after one year Total fund5 2024 Total tunds 2023 LWP Asset5 Investment Ltd 120.432 126.616 Totsl 120.432 126.616 Page9of11

  6. Cash at bank and In hand Total funds 2024 Total funds 2023 Petty Cash Communlty Acc 10269018 Business Premium 00827940 Thanksgivlng Account 83619230 General Account 70204749 Rent Account 03412849 Santander 91141965 Tree of Llfe 63732169 Dtvlne Mercy 73165442 Wrèxham 13175642 Rehoboth Chapel 20795941 Reserves 10929569 Natwest 63913003 Resource Account 23836282 330 8.043 1,462 323 4,334 30,000 4,670 365 70 5.326 BIO 3,730 31,853 817 15 9.613 5.572 563 8,171 27.703 21,780 45 70 5,326 810 6,678 132.000 4.640 Ibtal 92.133 222.986

  7. Credltors: Amounts falllng due wlthln one year Total funds 2024 Total funds Z023 Rent Deposlt PAYE Tax & Soclal securlty Pension Fund LWP Facllltles HSBC Refundable Accrued Accountancy Prepayment-church Property acquired Maid5tone -Rent Total 8.950 6,347 2.349 500 200 2.081 10,500 8.950 2,946 1.741 500 200 4,161 30,927 18.498

  8. Credltors: Amounts falllng due after ont year Total lunds 2024 Total fundts 2023 Eddy 'O' Civil Engineerlng Sant3nder Loan Natwest Loan Account 75,232 18,221 209,872 303,325 75,232 28,879 Total 104.111 Page 10of 11

  9. Charlty funds 14.1 Detalls of materlal funds held and movements durlng th• CURRENT reporting perlod Furtd balan¢o$ brought foThvard Pund balancey carrled forward Galns and losyes Fund namgfj Income Expendltura TraD5fer5 Unrestrlrted funds 429,410 491,522 516,444 404,488 Total 429.410 491.522 516.444 404.488 14.2 Detalls of materlal funds held and movements durlng the PREVIOU5 reportlng perlod Fund balances brou9ht fon¥ard Fund balancos carTled forward Galns and losse5 Fund names Income Expendltur¢ TransferB Unrestrl<ted funds 317.969 535.197 423.7S6 429,410 429,410 Total 317.969 535.197 423,756 Pag811 of11

Charity number: 1101824 THE REDEEMED CHRISTIAN CHURCH OF GOD UVING WATER PARISH (A Charltable Trust) TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED THE 31ST OF DECEMBER 2024

CONTENTS Page Reference and admlnlstratlve deLiils of the Charity. its trustees. and advisers Board of Trustees, report Independent auditors. report Statement of financial activities Balance sheet Notes to the financlal statements

RCCG LIVING WATER PARISH (A Charitable Txust) REFERENCE AND ADMINISTRATIVE DEfAIL5 OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED THE 31ST OF DECEMBER 2024 Board of Dlrectors/Trustees Dr Olusola David Oludoyl- Chair Vittoria Modupeola Atere Samuel Oladele Bakare Ayodeji Philip Coo Charity registered number 1101824 Registered office RCCG - Living Water Parish 169- 171 Haydons Road South Wimbledon London SW19 8TB Independent Examiner Name Company Detai15 Address Bankers Barclays Bank PLC 41 Woolwich New Road London SE18 6NU THE BOARD OF TRUSTEES, REPORT Pxge l of 17

RCCG LIVING WATER PAIUSH (A Charitable Trust) FOR THE YEAR ENDING 31ST DECEMBER 2024 The audited financial statements and annual report of the Livlng Water Parish (the charitable organisation) are presented by the Board of Trusteesforthe fiscal year ending December 31.2024. The Board ofTrustees affirms that the charitable organization's annual report and financlal statements are in accordance with the stipulations and obligations outlined in the Charities Act 2011 and the Charities Act 2022. Furthermore, the Board of Trustees affirms that all present statutory obligations have been met, including those outlined in the governing document of the charitable organisation and the Statement of Recommended Practise, which is applicable to charities preparing their accounts in accordance with the Financial Reporting Standard IFRS 1021. Structure, Governance and Management CONSTITUTION The Living Water Parish is a registered charity establlshed for public benefit under a Deed of Trust dated the 14th of August 2003, as revised on the 3, of September 2014 and Is a registered charity with charity number 1101824. The Charity Is controlled by its governing document, a Trust Deed and constitutes a trust. Furthermore, alongside the aforementioned aspects, many control policies are formulated in collaboration wlth our goveming document and overarching government regulations, serving as framework for the routine funttioning of operations. METHOD OF APPOINTMENT OR ELEcfioN OF BOARD OF TRUSTEES The managernent of the charitable organisation is the responslbility of the Board of Trustees, who are appointed and co-opted under the terms of the Trust Deed. There are currently four trustees who have stof been appointed as of the 31 December 2023. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF BOARD OF TRUSTEES A newly appointed member of the Board of Trustees undergoes an induction process that consists of an initial meeting with the Chair and other Trustees, Subsequently, the member participate5 in a sequence of brief meetings with the lead Pastor. who serves as the Chief Executive and provides guidance on the Page 2of17

RCCG LIVING WATER PARISH (A Charitable Trt￿l) Trustees, powers and responsiblllties. The Trustee ￿Ceive5 a Trustees Induction Pack that contalns the charitable organization'5 governing documents, the newly drafted Pastorsnrustees Code of Conduct, and excerpts from the Charity Commission's Guidelines, such as Doc CC3 and CCII. i.e., the Expenses and Payment of the Trustees and the Essential Trustee: What You Need to Know. Periodically, the trustees will be reglstered in various training events, conferences, and 5eminar5 in order to augment their governance capabilities and ensure they remain updated on their responsibilities and 5ector- specific developments. These will facilitate adherence to relevant laws and offer the nece$5ary degree of confidence in the performance of their responsibilities. ORGANISATIONAL STRucfuRE AND DECISION MAKING The Drganisation's governance is wholly Eoverned by the terrns of its Trust Deed, notwithstandlng the presence of an insplratlonal senior pastor. Therefore, the Charity is structured so the Board of Trustees meets regularly to manaEe Its affairs. The charity's day-to-day administration/management is delegated to the Lead Pastor, who promptly reports on the charity's operations to the trustees. The relationship between the pastors and the trustees Is regulated vla its PastorslTrustees Code of Conduct document. Nonetheless, the actlve Involvement of the Board of Trustees is crucial in safeguarding the welfare of the charity, particularly in situations where there is a substantial risk and the potential consequences for the charity are significant. Board meetings are documented in minutes and disseminated to tru5tee5 with actlon Item5 and responsibilities. The minutes serve as an enduring record of the board's decision- maklng process. RISK MANAGEMENT The trustees understand their obligation to tdentify and assess the risks to which the charfty Is 5Usceptible, in addition, to ensurinE that appropriate safeguards are established to mitigate the possibility of fraud and error. The Board of Trustees has adopted a risk evaluation methodology that includes the periodic identification and evaluation of risks, which ultimately leads to developing strategies to mitigate the identified risks. One of these measures consists of conducting routine legal health checks to assess the organisation's operational health at anyglven tlme. During the period under review, a periodic health check was performed to evaluate the charity'5 rlsk level and ensure its interests were safeguarded. The Trustees trust the current Systems, considering them adequate to reduce the Pllg¢ 3 of 17

RCCG LIVENG WATER PARISH (A Charitable Trust) organization's susceptibility to substantial risks and promptly adjust to the severity of any possible new risks. The Trustees are certain that the existing systems are sufficient to Mitigate the organlzation's vulnerabllity to significant risks and promptly account for the gravity of any emerging ri5k5. The Trustees have. therefore, undertaken an assessment of the most substantial risks to which the Charity might be susceptible. Among the primary COn￿rn5 is ensuring that the charity has adequate policies in place to protect against the most critical operational and financial risks. in addition to the business risks to which it is exposed. The Trustees have implemented effective measures to reduce the likelihood of these identlfied risks materialising. One such measure Is the creation of a Policy Digest. which comprehensively addresses the critical areas of potential risks that may impede the Char￿Y'S effective operation. Objective5 and Activities OBJEcfivE5 The object5 of Living Water Parish are- l} The advancement of the Christlan Faith worldwide in accordance with the doctrines set out in the Statement of faith contained in the schedule. 21 The relief of poverty, the trustees must use the income and may use the capital of the trust in promoting the objects. Living Water Parish is a member ofThe Redeemed Chrlstian Church of God, which has parishes worldwide. As part of following the charitable objectives, the Living Water Parish aims to: o Turn the heart of men back to God. o Feed the word of God to those hungry to satisfy their longing souls. Equip the heart of man with the wherewithal to set it free from mediocre mentality. o Nourish man with the word to turn1005e the power of God in man to be a blessing Enrich the spirit with the vitality of eternal life with an assurance of the crown of glory. Raise up people capable of affecting their generation posltively for God. o Revive, Reconcile and Restore lost hopes. o Lift up the banner of Christ on the foundations of many generations. The trustees confirm that they have referred to the guidance contained in the Charity Commlsslon's general Page 4of 17

RCCG LIVING WATER PARISH (A Charitable Tr￿St) guidance on public benefit when reviewing theTrusV5 aims and objective5 and in planning future activities. STRATEGIES FOR ACHIEVING OBJECTIVES Slgnificant differences were observed in this fiscal year compared to the previous year. which commenced during the communlty's recovery from the prolonged efferts of the global pandemic. Activities have resumed as usual, however, during the period under review. "Vislon 2022 - Touching Lives" was the church's central vision theme, The charitable organisation decided to persist with the adaptive approaches utilised to benefit further the residents of the South Wlmbledon region, its designated area. As a result, the charitable organlsation continued to employ the followlng strategles., Provision of pastoral care for beneficiaries, including continued communication with our membersthroughout and beyond the lockdown, as we have done in prior lockdowns. We gave the following precedence.. o to ensure the contlnued operation of the Prayer Cells for Men, Women, and Youth, established in 2020, to meet our members, spiritual and physical needs. ensurin8 the material welfare of charity members by consistently contributing monthly food hampers, especially since the year under review encountered a new obstacle - the escalation of the cost-of-living crisis- despite experiencing some relief from the effects of COVID-19 use of technology to substltute physical meetings/activities with online meetings/activities. Enhanced appr03ches to communication and involvement with staff, volunteers, recipients, and pertinent stakeholders. Participation in community outreach for children and teenagers, through which they distributed water and tracts at Wimbledon station, also organlsed cake exhlbition to raise funds for slck children in hospitals. The net proceeds from these sales were donated to a charitable organisation that shares simllar values. Adopting value5, divef5ified and varied approach to event5 throughout the year, with themes such a5 Goodne55 of the Lord in January, 'The Call of God" in March, "The Fear of God" in June, Everlasting Jov, in September, and ' The Path of Life" in December Preserving spiritual growth through event5 such a5 'Pre5erve Your Seed, occurring on every third Sunday of the first nine months of the year; among other5, events that catered to the spiritual and physical needs of church member5 during the various seasons. The mission of the Living Water Parish, which was to bring joy into the lives of community members through Page S 1)F17

RCCG LIVING WATER PARISH (A Charltable Tn*¢) service and the connection of Individuals With God, wa5 Sustained and upheld. Since the onset of the pandemic fouryears ago, numerous individuals have been 8ranted the opportunity and convenience to participate in our events remotely via technologically advanced means as an alternative to attending in-person gatherings. However, notwithstanding the sustained prosperity of both in-person and online gatherings three years subsequent to the lockdown periods characterised by the prevalence of online meetings, this evolution has failed to dissuade numerous individuals from participating in physical fellowship among church member5, an endeavour actively advocated by the organisation for multiple feasons, including safeguarding the mental and social well-being of its members. A profound appreciation is extended to the numerous volunteers who devote theirtime each week, including evenings and weekends, to assist the church. As a result of their dedication, SUPPDrt, and as515tance in advancing activities that bring the community closer to God, the Living Water Parish is highly appreciative of these volunteers. ACTIVITIES FOR ACHIEVING OBJECTIVES We carry outvarious artivltles such as: OrEanisin& supporting, and resourcing Christian mission as well a5 Other positive charitable initiatives Prayer sessions (Preserve your Seed, Morning Dews, End of the Month Prayers, and Prayers for Profession A-Z) Special Day events such as JOALT (Couples Breakfast), Fatherslmother's Day, Friends Dayi Elders Day Online Services and Zoom Hangout Community Outreach programmes Living Voice5 Choir Love and Christmas Outreach d. PUBLIC BENEFIT STATEMENT The Board of Trustees confirms that they have met their duties in strict compliance with the provisions of sections 4 and 17 of the Charities Act 2011 and have had due regard to the Charity Commission's general guidance on public benefit. Particular consideration has been given to the Charity Commis510n'5 supplementary public guidance provlsions on the advancement of Christian faith for the public benefit. Ptge 6 Éyf 17

RCCG LIVING WATER PARISH (A Charitxble Trust) Llving Water Parish has continued to provide public benefit through organising Sunday services, rellgious teaching. worship, communlty Outreach events, evangelism and provldinE SUPPOrt for comrnunity members. Achievements and Performance . REVIEW OF ACTIVITIES As a result of divine orchestration in accordance with the God-given plan. Living Water Parish Continues to expand as a Congregation that restores broken relationships and God-ordained families In accordance with the power of the Holy Splrit. The organization's endeavours are significantly influencing public opinion and national recognition whlle furthering the cause of Christianity. The Living Water Parish has been bestowed with the divine mandate to serve the local community through the following means: educating individuals about the Bible, introducin8 them to the purpose that God has establlshed forthem in the world, and furnishing them with the necessary resources to carry outthat purpose effectively. The charitable organisation engaged in a variety of activities for the benefit of the public during the period under review. Some of such activities are 5uthmarised below:_ SeNlces and Prayer Se551ons The activitie5 facilitated by the charitable organisation were executed employing a multifaceted and practical approach. Church gathering5 were conducted in physical and virtual formats, durtng which members delivered talk5 in diverse formats and subjects to clarify further and elaborate on the Church's mi55ion and objective. The Living Water Parish selected diverse themes for the months under review, which resulted in the development of multiple activities and programmes aimed atteaching attendees about the concept of impact and our responslbilities and roles in ensurlng that our interactions with society and others have the most positive influence possible. In pursuit of this objective, the charitable organisation persisted in engaging wtth its members and placing a Pa￿e 7 cif 17

RCCG LIVING WATER PARISH (A Chantable Trusi) premium on their spiritual and physical welfare by ensuring the continued operation of the Prayer Cells for Men, Women, and Youth, which were established three year5 ago, to attend to their spiritual requirements. Additionally, LWP ensured the rnaterial welfare of her members by consistently delivering Weekly food hampers. Each of these ministrations and outreache5 has made a unique contribution to the betterment of the congregation at Living Water Parish. These contributions include parttcipation in monthly Yoruba services, Igbo services, weekly Bible studies, vigils, communion, Sunday worship services, and youth services. An additional noteworthy occurrence during the period under consideration year 15 the periodic prayer sessions known 3s"Preserve Your seed." which are devoted to both born and unborn children. This was held from 7..30 3.m. to 9..00 a.m. on the third Sunday of the initial nine months of each year. It effectively fostered a sense of connection among its members regarding the value and importance of the firstborn of each farnily, which is deeply ingrained in the culture of the majority of church members. While thi5 15 a yearly occurrence for the charity, the "Preserve Your Seed" prayers were especially significant for this year because the vision was founded ten years ago. The year under consideration marked the culmination of the organization's tenth anniversary. Thirty days were devoted during November to prayer, fasting, and solid instruction regarding the power of the Holy Spirit. This was consistent with the theme of the month the Holy Spirit. Thi5 activity facilitated the participants, transformatlon into conduits of dlvine power. It sparked spiritual reverence and satisfaction in the execution of God's purposes, specifically Strengthening our bond with the Third Person of the Trinity. These strategles, in addition to our diverse array of activities, are in accordance with the charitable objectives of the charitable organisation. Consequentlyj The Living Water Parish'5 diverse initlatives and gatherings contribute to the Continuous worldwide spread of the Christian faith. 11. Community Outrea¢h and Engagement By fostering an atmosphere of optimism, the Living Water Parish has consistently served a5 a dependable pillar of support. The divine mission of the Living Water Parish is to serve the local community by educating individuals about the Bible, introducing them to the purpose for which they were created, and providingthem with the nece55ary resources to carry out that purpose. Through the consistent or83nisatlon of outreach activities. the Church exhibits a profound dedication to evangelism and advancing the Christian faith. To achieve thi5 objective, the Living Water Parish organised regular events that demanded the participation of all members to work together Page 8 ()f 17

RCCG tJVlNG WATER PARISH (A Charitable Ttust) harmoniously in orderto publicise the charity's presence. The theme Rainbow - Commemorating our 24th anniversary with a month of celebration and promise. was the vision articulated by the lead pastor, which motivated congregation member5 to engage in actions that had a meaningful impact on those in their vicinity. This led us In embarking on delivering 24 projects that would affects different sectors in our communlty. The congregation remains guided in its daily operations by its fundamental ethical and spiritual prlnciples as it diligently strives to achieve the goals and objectives that have been established. The charlty ha5 hosted a variety of joyous and diverse celebrations throughout the year, including JOALT (Couples Conference), Mother's Day, Father's Day, Children's Day. Elders Day, Friends Day, and Teenagers Week. These occasions have allowed the charity to organise focused celebrations that have brought laughter and delight to the community member5. Notable was the initiative the youth and children's organisations through which they distributed water and tracts at Wimbledon statlon, also orEanlsed cake exhibition to raise funds for sick children in hospitals. The net proceeds from these sales were donated to a charltable organisation with similar objectives. Additlonally. during the period under examination, it is pertinent to highlight the Living Women conference, an initiative designed to promote women's outreach. The church also celebrated her 24th anniversary, and the Second-year anniversary of our Igbo language service. The charitable organisatlon regards outreach as an e55ential mechanism for both promoting the Christian falth and mitigatlng or preventing poverty in the immediate vicinity. The Church engages in community seNice to proclaim the E05pel. Ill. Community Outdoor Events Given The Llving Water Pari5h'5 continuous endeavours to exert a strategic influence In the community, a Significant number of events have been organised and executed with the explicit purpose of engaging in dialogue with both congregation members and non-members. Living Water Parish takes great pride in Its football team, comprised of boys, and men's dlvisions. Both teams actively engaged and established connections with other Christian communitles by participating In home and away games, promoting exceptional health practises and well-being. Additionally. the promotion of other athletic competitions hosted by the church fostered strong community tles with the charlty and improved the mental health of families. Additionally, the church hosted a family fun day for all church Pgkpe 9 of 17

RCCG LIVING WATER PARISH (A Charitable Trust) members and the greater community. where families and children could enjoy the weather while participating in friendly sporting competitlons that promoted the advancement of Christianity and the Church's values, In furtherance of the G05pel's me55age, the charity embarked on series of Evangelistic engagement, the charity was also privileged to use its premises as a training centre by the Billy Graham Evangelistic Outreach. The communlty impart group vlsits the South Park Care Home annually as part of our outreach, and the choir ministers at the pub Garden Shed on Haydons Road as we spread love during this season. The occurrence evoked elation among all attendees, and it was apparent that it was precipitated by the Holy Spirit's influence. The ambience evokes thoughts of the true purpose of the season the birth ofJesu5 and the message of genuine love and light it imparts to a world striving for Such qua15ties. The choristers were also at the St. George's Hospital to sing carol 50ng5to those who were admitted there and itwas an amazing experience and the people mentioned to us we would be retuning in the coming year. The church executed and coordinated the activities with tremendous success, accurately recording the attendance of those present in person. These activities have considerably impacted individuals, facilitating the growth of their relieious devotlon to God. Their Impacts have permeated not only the broader community but also families. Considerable effort was devoted to guaranteeing that children received robust Christian education and that indlvlduals who were isolated within the community experienced compassion and support. iv. Monthly Vigils and Prayers/Prayer Meetlngs Every last Friday of each month, the church con8re8ation assembles for vigil and communion Services. during which all church members engage in collectlve prayer. In accordance with church tradition, the twelve months of the year were assigned distinct themes. and that month's theme influenced the spiritual orientation of the church during that particular month. The themes comprised, among others, To H(7ve andto Hold, in February, ' Ai the Scen¢ of Waler" in April, "Pressing On ' in July, and" Revival ' in October The themes above served to emphasise the Friday nlght vigll's trajectory and other significant aspects deliberated upon during the prayer sessions. Page 10 of 17

RCCG LIVING WATER PARISH (A Chatitable Trnst) The fundamental intention of each religious service is to engage in the worship of God. To accompllsh this. attendees sing hymns and vocallse God's word as an expression of thelr gratitude, admiration, and awe. Furthermore, the activities and themes of the church stimulated profound contemplation regardlng God's conception of love. Members have gained a deeper understanding of conne¢tingwith God's blessings Dverthe course of the year. These artivities, implemented throughout the congregation, align with the philanthropic goal of spreading the Christian faith in nations across the globe. The Li￿Ing Voices Choir The Church Choir, also known as The Living Voices. has maintained regular meetings and recruited new members overthe course of theyear. Each week. the Choir performs and practises in front of the congregation, illuminating the spirits of all in attendance and bringing delight and excitement. This activity aids in the fulfilment of all charitable goals by providing members wlth a platform to showcase their talents and by fostering a sense of unity among members, both inside and outside the Church, through the medium of music. Consequently, this would lead to a surge in the Influx of fresh members. Furthermore, individuals involved in thi5 endeavour are provided with the chance to express their thoughts. vi. Social Media Presence and Website Attraction By utilising our online platforms and social media accounts, The Living Water Parlsh has maintained contact with prospective and current members. The diverse WhatsApp groups serve multlple functions, including disseminating information regarding church affairs, commemorating milestones, and provldlng updates on various matters. Replays of recordings of our services are accessible to both Members and non-members who log In to any of our online platforms and participate in one of our service5. Additionally, they have the capabillty to view recordings of our services being recapped. Furthermore, an annual vldeo entitled "So Far, So Good is generated to celebrate and identify the Church's wins and challenges over the course of the year, This endeavour enhances the Charity's functlons, accessibility and furthers the Chrlstian faith through the online dissemination of Christian values that are accessible domestically and globally. Page 11 Df 17

RCCG LIVING WATER PARISH (A Cha¢itable Tn)$t) vll. Church T1th1n￿ Benevolence Glvln8 The congregatlon has perpetually been inspired to embodytheteachings ofthe 8ible through their benevolent and cheerful contdbutions. Furthermore, the charitable organisation consistently allocates a portion of its revenue towards charitable endeavours and tithing. This is accomplished through monthly contributions to churches, community projects, and a variety of courses per the charity's objectives and goals. This undertaking has brought us one step closer to accomplishing our charitable objective, which is to mitigate poverty on a global scale. Concluslon Due to the successful conclusion of the recuperation process initiated response to the cost-of-living crisis, which closely followed the pandemic. the year concluded optimistically and with gratitude. The Living Water Parish is committed to praising God for His benevolence towards its members and the broader community. The Living Water Parish ha5 once again achieved remarkable success, mainly attributable to its members, vigilance, which enabled the congregation to welcome new members and substantially impact the community. The or8anisation has persisted in its commitment to advancing the Christian faith and alleviating poverty. b. INVESTMENT POLICY AND PERFORMANCE A5 far as possible. funds will be retained In interest-bearing accounts. The Board of Trustees continues to explore other safe investment strategies to ensure better returns. In addition, the Trustees would continue to explore investment options based on the requi51te legal and financial advice/guidance with the aim of making an informed decision in due course. c. FACTORS RELEVANT TO ACHIEVE OBJECTIVES Consistent spiritual inspiration, responsible flnancial management, and enhanced knowledge among the trustees of their own strategic and fiduciary ￿SponSIbl11t￿e5 are essential components in accomplishing our goals. This is because the majority of the support for all of the necessary activities required to attain our goa15 can be achieved through divine inspiration, strategic thinking, appropriate financial resource5 and Paby 12 nf17

RCCG LIVING WATER PARISH (A Charitable TN8t) accountabiltty. FINANCIAL REVIEW The immediate financial position of the charitable organisation is good, and the long-temi position is stable. RESERVE POLICY The Board of Trustees has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets I'the free re5erves'1 held by the charitable organisation should be Three131 months of annual expenditure. Atthis level, the Board of Trustees holds the view that theywould be able to continue the current activities of the charitable Drg3nisation in the event of a significant drop in funding. The 8oard of Trustees meets quarterly to review its reserve policy to align with the more comprehensive strategic plans. This is to ensure that the reserve level we hold is appropriate to our current position and annual expenditure and to take into full cognlsance what our futLsre strategic plans are. b. PRINCIPAL FUNDING Thls Is provided mainly through contributions and donations from members. PLANS FOR THE FUTURE a. FUTURE DEVELOPMENTS As outlined in its governlng documents, the ¢h3rltable organlsatlon will continue to take the necessary artlons to achleve its primary objectives, which include planting additional churches or providlng support for planting other churches to advance Its ¢harltable purposes. Furthermore, the charitable organlsatlon shall undertake Pa8e 13 of 17

RCCG LIVING WATER PARISH (A Chafx¢abl¢ Ttust) substantial measures to expand its resources and sway, which shall subsequently be utilised to advance the charitable objectives of the organisation further. The Charity wlll persist in its readiness to collaborate with and offer financial assistance to initiatives that share similar goals, including conference5, event5, and churches affiliated with non-governmental organisations INGOs> domestically and internationally. The underlying motivation behind these endeavours is the overarching goal of proltferating the Chrlstian Faith and its principles on a global scale. BOARD OF TRUSTEE5' RESPONSIBILITIES STATEMENT The preparation of the Board of Trustees, report and financial statements in adherence to United Kingdom Accounting Standards (The United Kingdom GenerallyAccepted Accounting Practise) and applicable legislation falls under the purview of the Board of Trustees. The Board of Trustees tnust compile financial statements each fiscal year. To grant approval to the f inancial statements. the Board of Trustees must be certain that they provide an exact and impartial depiction of the charitable organization's current condition. as well as its incoming and outgoing resources, income. and expenditures during the Specified period. The Board of Trustees is obligated to do the following in preparing these financial statements: selert and consistently apply appropriate accounting policies- adhere to the methods and principles outlined in the Charities SORP: make reasonable and prudent judgements and estimates; confirm compliance with applicable UK AccountinE Standards. With the exception of any material deviations that have been di5c105ed and explained in the financial statements; prepare the financial statements. The Board of Trustees is responsible for maintainlng sufficient accounting records that provide reasonable accuracy regarding the charitable organization's financial position at all times. These records also empower the board to verify the financial statements. Additionally, they are responsible for protecting the charitable organization's assets and, in doing so, must implement reasonable measure5 to detect and prevent fraudulent activities and other irregularities. Page 14 of 17

RCCG LIVING WATER PARISH (A Chariiable Tn78t) This report was approved by the Board of Trustees on by: of.. 025 and signed on its behalf Olusola Oavid Oludoyi Paxe 15 of 17