THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE Charlty reg. no 1106309 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025 Page I
THE REDEEMED CHRISTTAN CHURCH OF GOD COURAGE CENTRE CONTENTS Reference and administrative details of the charity Trustees, report Independent examiner's report Statement of financial activities Balance sheet 10 Notes to the financial statements 11-14 Page 2
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDING 31 MARCH 2025 Trustees Pastor I Aleshinloye Mrs, N Anamekwe Pastor K Akinbi Charity registration Number 1106309 Principal Off ice 10 Beaumont Close Ifield Crawley RHII ORN Pastor in charge Pastor Temitayo Fo5ami Independent Examiner Akintayo Ojo FCCA Resource Management Consultants Ltd 46 Hollywood Way Erith DA8 2QE Bankers Barclays Bank PIC High Street Crawley HSBC PLC 9 The Boulevard Crawley West Sussex RHIO IUT Natwest Bank PLC Redhill Branch 39 Station Road Redhill Surrey RHI IQN Page 3
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE TRUSTEES, REPORT FOR PERIOD ENDED 31 MARCH 2025 The trustees submlt their annual report and the financial statements of The Redeemed Chrlstian Church of God Courage Centre (the charlty) for the year ending 31 March 2025. The trustees confirm that the annual report and flnancial statements of the charlty comply wlth the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charitles" issued in March 2005. STATUS The charity is constituted under a Trust Deed dated 181 October 2004 and was registered in England and Wales wlth charity number IL06309. APPOINTMENT OF TRUSTEES Recruitment and appointment of trustees are in Ilne with the Trust Deed and with the consent of the trustees. The criteria set for the suitable candidate would be sensitive to the needs and demand of the organizatlon. POLICIES ADOPTED FOR THE INDucfioN AND TRAINING OF NEW TRUSTEE'S The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Parish Pastor on the powers and responsibilities of the trustees. ORGANISATIONAL STRucfuRE AND DECISION MAKING The charity Is organised so that the trustees meet regularly to manage its affairs. All major decisions are collectively taken by the trustees. The trustees are unpaid, and details of any related party transactions are disclosed as applicable In the notes to the account. The Parish Pastor manages the day-to-day admlnistration of the church. REL4TED PARTh RELATIONSHIPS The Redeemed Christian Church of God Courage Centre is a parish of The Redeemed Christian Church of God which has parishes all over the world, The parish's relationship with other parishes is governed by an 'Agreement for Common Purposes,. RISK MANAGEMENT The trustees have assessed the major risks to which the charity is exposed, those related to operations and flnances of the charity and are satisfled that systems are in place to mitigate our exposures to the major risks. OBIECTS AND AcfivITIES The principal object is the advancement of Christian faith worldwide and the relief of poverty, and any charitable purpose at the discretion of the trustees for the benefit of the communlty. To achieve its objectives, the church adopted the following strategies., Page 4
THE REDEEMED CHRISTIAN CHURCH OF GOD COUKAGE CENTRE TRUSTEES, REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2025 OBJECTS AND AcfiviTIES - continued Running seminars in the church with proven mlnisters of the falth to guide members in the various aspect of Christian faith, Support for other charlties and Christian events, Providing overseas aid and famlne relief, and Involving in economic and community development The activities for achlevlng 5ts objectives include., Community outreach events Conferences and events Welfare support to members and public, and Various missionary activlties PUBLIC BENEFIT The trustees confirm that they have referred to the guidance contained in the Charity Commi55ion's general guidance on public benefit when revlewing the charity's aims and objectives and in planning future activities. Durlng the financial period In review, the charity was involved in the following activities as part of its public benefits to the community. Family House Fellowships - community outreach and to support families. Providing support to the unemployed in Crawley area through our Christian Against Poverty (CAP) Job Club Centre, Partnership with Compassion UK, a Christian child charlty to release chlldren from poverty through sponsorship. Martha's Hands - A compassionate outreach ministry servlng hot, nutrltious Meals to individuals experlenclng homelessness on the streets or hardship within our community, We also provide support to the Crawley Open House. Counselling & Prayer Support - A safe and caring space where Individuals can receive prayer, guidance, and emotional support durln9 challenging seasons of life, Weekly Children Bible Club - Community Outreach. Annual Dunamis Men's Conference - creates an enabling environment for every man (professionals/businessmen etc), all generations, to become total men and partner with other men as leaders, as husbands, and as fathers. Men and Women Conference and Seminar Online and virtual Bible study and seminars Welfare Support for people out of employment and on low Income. GRANT MAKING POLICY The church supports visiting mlnisters 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 Christlan falth and relief of poverty. The church gives occaslonal grants to congregational members who are in need. Page 5
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE TRUSTEES, REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2025 VOLUNTEERS The church is grateful to the unstinting efforts of its volunteers who are Involved in provldlng services for the charity, It is estimated that over 2750 hoLtrs are provided by volunteers durlng the year. If this is conservatively valued at £8.50 per hour, the volunteer's effort will amount to over £23,375. REVIEW OF AcfiviTIES The church continues to enjoy tremendou5 growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust Deed. We continue to support Compassion a charity that dedicates itself to the welfare of young children in the impoverlshed natlons of the world. INVESTMENT POLICY The trustees have decided that at present, funds should be retained In Banks and Bulldlng Socletles, and as far as posslble In interest bearing accounts. RESERVES POLICY The trustees, pollcy Is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals to roughly £15,000 to £30,000 in general funds. They feel that this would enable the current activities to continue If there is a significant drop in fundlng. It would obviously be necessary to then consider how the fundlng would be replaced or actlvities changed. The present free reserve is within the policy range, but the trustees are continuing to seek additional unrestricted funds ta build up Its resenies. PRINCIPAL FUNDING Funding has been provided mainly through tithes and offerings by church members and through gift aid. Pledges are also taken for specific projects. Donations were recelved towards the church building project. FUTURE DEVELOPMENT The charlty continues to explore various ways of spreading the gospel of Christ in an effective manner. The Charity plans to Increase support for the unemployed by Increasing the capacity of the CAP Job Club Centre. It plans to increase the reach of the Support love Christmas Initiative in the communlty by distributing a minimum of 100 Chrlstmas glft boxes, The charlty Is also looking to grow In membership and continue to develop its members to make life-changing impact in soclety. As a way of achieving thls, the charity intends to launch Family House Fellowships In three neighbourhoods in Crawley in the coming year. Page 6
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE TRUSTEES, REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The charity trustees a responslble for preparlng the Trustees, Annual Report and flnanclal statements in accordance with applicable law and Unlted Kingdom Accountlng Standards (United Kingdom Generally Accepted Accountlng Practice). The law applicable to charlties In England and Wales requlres the trustees to prepare financial statements for each financial year whlch give a true and fair vlew of the of the charity and of the Incomlng resources and applicatlon of resources of the charity for that period. In preparlng these financial statements, the trustees are requlred to: Select suitable accounting pollcies and then apply them conslstentlyi Observe the methods and prlnclples In the Charltles SORP; Make Judgement and estlrnates that are reasonable and prudent; Prepare the financlal statements on the golng concern basls unless It is Inapproprlate to presume that the company will continue In operatlon. The trustees recognlse thelr responslbilitles to keep proper accountlng records that disclose wlth reasonable accuracy at any time the financlal posStlon of the charlty and enable them to ensure that the financlal statements comply with the Charlties Att 2011. They are also responslble for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detectlon of fraud and other Irregularltles. The appended flnanclal statements have been prepared on the accruals basis and have been examlned by an Independent examiner, whose report Is also appended. Approved by the Trustees on2sJanuary 2026 and slgned on thelr behalf by: Pastor Isaac Aleshlnloye Trustee Page 7
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE INDEPENDENT EXAMINER'S REPORT FOR PERIOD ENDED 31 MARCH 2025 TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE I report on the accounts of the charlty for the year ended 31 March 2026 whlch Is set out on pages 9 to 14. RESPEcfivE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not requlred for this year under section 142(2) of the Charities Act 2011 and that ars Independent examination is needed. It is my responsibility to: examine the accounts under sectlon 145 of Charities Act 2011. follow the procedures laid down in the General Directions given by the Charity Commlssioners (under section 145(5)(b) of the 2011 Act); and state whether particular matters have come to my attention. 8ASIS OF EXAMINER'S STATEMENT My examinatlon was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a revlew of the accountlng 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 provlde all the evidence that would be required in an audlt, 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. EXAMINER'S STATEMENT In connectlon with my examination, no matter has come to my attention: (l ) whlch gives me reasonable cause to believe that In any material respect the trustees have not met the requlrements to ensure that: proper accounting records are kept (in accordance with section 41 of the Att)., and accounts are prepared which agree with the accounting records and comply with the accounting requirements of Act; or (2) to which, in my oplnion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Akintayo Ojo FCCA 46 Hollywood Way Erith Kent DA8 2QE Date: 26 January 2026 Page 8
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025 Unrestritted Restricted Total Totj Fund5 Funds Funds Funcjs 2025 2025 2025 2024 Notes INCOMING RESOURCES Donatlons, legacies & similar incomlng resources Actlvltles In furtherance of charlty's object Grants ceiVed Other Income Total incomlng resources 175,453 24,522 1,600 I,ioo 177,053 25,622 146,984 5,917 70,324 270,299 70,324 272,999 23,272 176,173 2,700 RESOURCES EXPENDED Charltable expendlture Grants payable - individual Grants payable - Institutlonal Costs of activities In furtherance of harlties objects Management and governance costs Total resources expended 25,720 25,720 19,105 103,283 3,679 132,682 103,283 3,679 132,682 87,821 3,699 110,624 Net (outgoing)/incoming resources for year 137,617 2,700 140,317 65,548 Total funds at the start of the year 185,335 88,608 273,943 208,395 BAiANCE AT END OF YEAR 322,952 91,308 414,260 273,943 Movements In reserves and all recognised and losses are shown above The charity's Incoming resources and resources expended all relate to continuing activitles. Page 9
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 FIXED ASSErs Tangible Fixed assets 10 11,056 2,795 CURRENT ASSErs Cash and bank balances Debtors Prepayments 11 404,704 272,648 11 404,704 272,648 UABILITIES Credltors Accrual: accDuntanci fees Accrued: Expenses 12 1,500 I,soo 1,500 1,500 NET ASS5 414,260 273,943 CHARfry FUNDS 185,335 88,608 273,943 General unrestrlcted General restricted TOTAL FUNDS Id le 322,952 414,260 The accounts have been prepared In accordance with the special provlslon of Statement of Recommended Prartice: Accountlftg and Reportlng by Charltles (SORP) Issued March 2005 as modified for smaller charltle5 Approved by the Trustees on -% January 2026 slgned on thelr behalf by: Pastor Isaac Aleshinloye Trustee
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES la) The accounts are prepared under the hlstorical cost convents.on Jnd in accordance with applicable accountin9 standards. They follow best practice as set out In the Statement of Recommended Practice.. Accountlng ond Reportlng by Chantles ISORPI 15sued March 2005 os rnodlfied for smaller charities. Ibl Income ar¢d expenditure Is accounted for on an accruals basis. Icl Flxed assets comprise furnitu and equlpment and musical equlpment and have been costing more than £ 100. Tangible fixed &ssets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of Ilxed assets, less their estimoted residujl value, over their expected useful lives on the following basÈ5'. Muslcal equipment 25Wo reducing balance Furniture's and fittings 25% reducing balance Computer equlprnént Motor Vehicle5 25% reducing balance 25% reducing balènce Idl Unrestdrted funds are Incoming resources reIVed for the objects of the charSty wlthout further specified purpos¢ and are Jvallable as general funds, (el Re51rlcted funds ore subject to restrictions on thelr expenditure Imptss•d by their donor5. Unrestricted Funds Reslflcted Total Funds Total Funds Funds 2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES Collectlon and other donations - UNRESTRicfED Planned givlng Special mission event Sundry donations 2025 2025 202S 2024 170,023 170,023 1,600 5,430 177,053 146,784 1,600 5,430 175,453 200 146,984 1,600 3. AcfIviTIES IN FURTHERANCE OF CHARITY'S OBJEcr Building fund Flrst fruits & seeds collection I,ioo I,ioo 24,522 25,622 4,500 1,417 5,917 24,522 24,522 I,ioo 4. GRANT RECEIVED Maln grants 5. OTHER INCOME Sales of study manual Interest Gift Aid received 792 792 485 69,532 70,324 69,532 70,324 22,786 23,272 Page 11
THE REDEEMED CHRISTEAN CHURCH OF GOD COURAGE CENTRE NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025 UrtstrICted Restrlcted Total Total 6. Grants payable - individual Funds Funds Funds Funds 2025 2025 2025 2024 Indlvidual welfare 7. Grants payable institutional Charitable giving -UK Charltable giving -oversea5 Total 25,720 25,720 19,105 25,720 25,720 19,105 List of institutional grants payable RCCG WEM World Evangellsm RCCG Central Office Mission Support Festival of life Mlssion Support Compasslon Charity Support CAP Mlssion Support Others Charlty Support RCCG Camp Ground Mlssion Support Total grant payable - I nstitutlonal 19,148 1,200 2,500 1,152 720 1,000 19,148 1,200 2,500 1,152 720 1,000 11,093 1,200 1,092 720 5,000 19,105 25,720 25,720 8. COST OF ACTIVITIES IN FURTHERANCE OF CHARifY's 08JEcrs Vlslting speakers expenses Semlnar and conferences Travel and subsistence Vehicle running and repair Hall hi re, rent & rates Music, Ilturgy & church group Community project Mission & evangelism Welfare & hospitality Telephone & internet Postage, stationery & IT consumables Worship cost & church occasion Printino & publicity Subscriptions Ensurance DepcIatIOn Sundry expenses Retreat & trainlng Pastors, allowance 4,650 1,602 4,156 674 31,732 3,767 2,629 7,166 5,111 437 4,650 1,602 4,156 674 31,732 3,767 2,629 7,166 5,111 437 1,024 4,990 430 1,087 2,096 5,744 2,924 3,563 19,500 103,283 3,700 870 4,535 2,265 33,552 8,010 2,270 3,204 3,610 651 714 1,024 4,990 430 1,087 2,096 5,744 2,924 3,563 19,500 103,283 1,790 1,678 620 1,962 2,310 1,365 774 13.941 87,821 Page 12
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025 9. MANAGEMENT AND GOVERNANCE COSTS Unre5trlcted Restricted Total Total Funds Funds Fund5 Funds 2025 2025 2025 2024 Adminlstration costs Professional fees Examiner's fees - accountancy 494 1,685 1,500 3,679 494 1,685 1,500 3,679 687 1,511 1,500 3,699 10. TANGIBLE FIXED ASSETS Motor Vehlcle Musical Computers Furnlture & equlpment & projectors fittings Total 31-Mar 2025 Total 31-Mar 2024 Colt At l April 2024 Additions At 31 March 2025 957 12,563 13,147 25,710 4,S19 948 5,467 1,504 19,543 14,095 33,638 19,543 957 1,504 19,543 Depreciatlon At l Aprll 2024 Charge for the year At 31 March 2025 957 10,952 4,903 15,855 3,712 555 4,267 1,218 286 1,504 16,839 5,744 22,583 14,439 2,310 16,749 957 Net book value At 31 March 2025 At 31 March 2024 9,856 1,612 1,200 807 11,056 2,795 2,795 2,795 376 I I. CASH BALANCES Year ended 31-Mar 2025 Year ended 31-Mar 2024 Cash in hand Total uncommitted balances held in all current accounts at period end 404,704 404,704 272,648 272,648 12. DEBTORS AND PREPAYMENT Year ended Year ended 31-Mar 31-Mar 2025 2024 Debtors Prepayment Page 13
THE REDEEMED CHRISTIAN CHURCH OF GOD COURAGE CENTRE NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 MARCH 2025 13. CREDITORS Year ended Year ended 31-Mar 2024 1,500 31-Mar 2025 1,500 Accrual: accountancy fees Accrued; professional fees I,soo 1,500 14. RELATED PARfi TRANSAcfIoNS Durlng the year, the church pald Institutlonal grants to other RCCG organlsations such as the World Evangellsm Mission as stated in note 7. 15. STAFF COST AND NUM8ERS Staff costs were as follows Year ended 31-Mar 2025 Year ended 31-Mar 2024 Allowances Social securlty costs 19,500 12,000 19,500 12,000 Year ended 31-Mar 2025 Year ended 31-Mar 2024 No. The average number of employee during the year was as follows Pastoral Charity adminlstration Total No employee received remuneration amounting to more £60,000 In the year. 16, NET INCOMING RESOURCES/(RESOURCES EXPENDED) Year ended 31-Mar 2025 Year ended 31-Mar 2024 Thls is stated aPcer charylng Depreciation of tanglble assets owned by the charlty Accountant's fees 5,744 1,500 2,310 1,500 Page 14