THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
Charlty reg. no l 113658
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2023
Page I

THE REDEEMED CHRISTIAN CHURCH OF GOD
MOUSE OF PEACE FOR ALL NATIONS
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
HOUSE OF PEACE FOR ALL NATIONS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRusfEES AND
ADVISERS FOR THE PERIOD ENDING 31 DECEMBER 2023
Trustees
Mr Lucky Albert
Mr Taiwo Ayodele Olofinusi
Mr. Babatunde Adebayo Sodipo
Mrs. Olubunmi Oludayo Oyenekan
Charity registration
number
1113658
Principal Office
25 Spring Grove Road
Hounslow
Middlesex
TW3 4BE
Pastor in charge
Pastor Oluwole Oyenekan
Independent Examiner
Akintayo Ojo FCCA
Resource Management Consultants Ltd
46 Hollywood Way
Erith
DA8 2QE
Ba nkers
Barclays Bank plc
210 High Street
Hounslow
TW3 IDL
Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
TRusfEES' REPORT
FOR PERIOD ENDED 31 DECEMBER 2023
The Trustees submit their annual report and the financial statements of the
Redeemed Christian Church of God House of Peace for All Nations (the charity) for
the year ended 315t December 2023. The trustees confirm that the annual report
and financial statements of the charity comply with the current statutory
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.
STATUS
The charity was constituted under a Trust deed dated 22nd January 2006 and is
registered in England and Wales on the 6th of April 2006 with charity number
1113658.
APPOINTME￿ OR ELEcfioN OF TRUSTEES
Trustees are appointed and or co-opted under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDucfioN AND TRAINING OF NEW TRusfEE'S
The indurtion process for a newly appointed Trustee comprises an initial meeting
with the Chair and other Trustees, followed by short meetings wlth the Pastor in
Charge on the powers and responsibilltles of the trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the Trustees meet regularly to manage its affairs.
The Pastor in Charge manages the day-to-day administration of the church.
RELATED PARTY RELATIONSHIPS
RCCG House of Peace for All Nations 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, in
particular those related to operations and finances of the charity and are satisfied
the systems are in place to mitigate our exposures to the major risks.
OBIEcfs AND AcfIvITIES
The principal object is the advancement of Christian faith worldwide and the relief
of poverty. To promote any charitable activity for the benefit of the local people. To
achieve its objectives, the church adopted the following strategies:
Running seminars in the church with proven ministers of the faith to guide
members in the various aspect of Christian faith,
Support for other charities and Christian events,
Providing overseas aid and famlne rellef, and
Involving in economic and community development
The activities for achieving its objectives include.,
Sunday worship serviTr, midweek service, bible study, house fellowship and
daily prayer.
Community outreach, conferences, and events
Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
Welfare support to members and public, and
Various missionary actlvlties
GRAW MAKING POLICY
Support is also given to RCCG Central Offi￿, World Evangelism Mlsslon, Festival of
Life and other RCCG Programmes. A donation of £5,000 was given to the RCCG
Camp project in UK. 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.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who were involved
in providing services for the charity. It is estimatej that over 1500 hours we
provided by volunteers during the year. If this is conservatively valued at £io,00
per hour, the volunteer's effort will amount to over £15,000.
REVIEW OF AcrIvrrIES
The church experienced a stable growth in its physical and spi ritual activities during
the year, in the advancement of Christian faith in accordance with the dottrines set
out in the Statement Df Faith as contained in its trust deed. The charity returned to
full onsite physical services during the year in review. This resulted In increase cost
of hall hire as shown in the account as against the previous year comparative under
activities in furtherance of the Charity's objectives.
The charity held a family outlng in the communlty park. Thi5 enabled the young
people to come together. It also started her door-to-door evangelism and sharing
of the gospel. The church marked the fathers, day and mothers, day for members
of the community. Several online seminars were also held in the year.
INVESTMENT POU
The Trustees have decided that at present, funds should be retained in Banks and
Building Societies, and as far as possible in interest bearing accounts.
RESERVES POUCY
The Trustees. policy is to have unrestricted and uncommitted funds (free reserves)
to cover 3 to 6 months of resources expended which equals to £6,250 to £12,500
in general funds. They feel that this would enable the current attivities to continue
if there is a significant drop in funding. It would obviously be necessary to then
consider how the funding would be replaced or activities changed. The present free
reserve is within the range, but the Trustees a￿ continuing to seek additional
unrestricted fu nds to build up its reserve.
Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
TRu￿EES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
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.
FUTURE DEVELOPMENT
The charity continues to explore varlous ways of spreading the gospel of Christ in
an effective manner. The charity is also looking to grow in membership and
continue to develop its members to make life-changing impact in society.
Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
STATEMENT OF TRusfEES' RESPONSIBILITIES
The charity trustees are responsible for preparing the Trustees, Annual Rewrt and
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 and 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 appllcatlon
of resources of the charity for that period. In preparing these financial statements,
the trustees are requlred to:
Select suitsble accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP;
Make judgement and estimat&s that are reasonable and prudent.
Prepare the financial statements on the going contrrn basis unless it is
inappropriate to presume that the company will continue in operation.
The trustees recognise their responsibilities to keep 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 company
and hence taking reasonable steps for the prevention and detectlon of fraud and
other irregularities.
The appended financial statements have been prepared on the accruals basls and
have been examined by an independent examiner, whose rewrt is also appended.
Approved by the Trustees on i¥Iseptember 2024 and signed on their behalf by:
Mr. Babatunde A Sodipo
Trust
Page 7

THE REDEEMED CHFUSTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
INDEPENDE￿ EXAMINER'S REPORT
FOR PERIOD ENDED 31 DECEMBER 2023
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF
PEACE FOR ALL NATIONS.
I report on the accounts of the charity for the year ended 31st December 2023 which is
set out on pages 8 to 13.
RESPEcfIvE REsPONSIBIL￿IEs 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 required for this year under section 142(2) of the
Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
examine the accounts under settion 145 of Charities Act 2011;
follow the procedures laid down in the General Directions given by the
Charity Commissioners (under section 145(5)(b) of the 2011 Att). and
state whether matters have come to my attention.
BASIS OF EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Direttions given by the
Charity Commission. An examination include5 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,
EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(l ) which gives me reasonable cause to believe that in any material respect the
trust￿5 have not met the requirements to ensu￿ that..
proper accounting records are kept (in accordance with settion 41 of the Act);
and
accounts are prepared which agree with the accounting records and comply with
the accounting wulrements of Act. or
(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Akintayo Oio FCCA
46 Hollywood Way
Erith
Kent
DA8 2QE
Date: X4 September 2024
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
STATEMENT OF FINANCIAL AcfiviTIES FOR YEAR ENDED 31 DECEMBER 2023
Unre5trlcted
Restricted
Totsl
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
Notes
INCOMING RESOURCES
Donatlons, legacles & simllar incomlng resourTrs
Activities In furtherance of charSty's oblett
Investment Income
Other Income
Total Incomlng resources
32,915
32,915
70
54,558
753
70
918
918
91
33,833
70
33,903
55,402
RESOURCES EXPENDED
Charitable expendlture
Grants payable - Individual
Grants payable - Institutlonal
Costs of activltles In fu rtherance of
charities objects
Management and governance costs
Other expense (Post box account)
Total resources expended
10,416
10,416
8,717
30,803
890
30,803
890
18,043
2,515
io
42,109
42,109
29,275
Net (outgolng)lincoming resources for year
8,275
70
8,205
26,127
Total funds at the start of the year
88,817
32,640
121,457
95,330
Fund transfers
BALANCE AT END OF YEAR
80,542
32,710
113,252
121,457
Movements in reserves and all recognised and losses are shown above
The charity's Incoming resources and ￿SoUr￿5 expended all relate to contlnulng actlvitles.
Page 9

THE REDEEMED CHRIsfiAN CHURCH OF GOD
HOUSE OF PEACE FORALL NATIONS
BALANCE SHEET AS AT 31 DECEMBER 2023
Notes
2023
2022
FIXED ASS￿5
Tanglble Flxed assets
Other investment
1,206
1,807
io
1,206
1,807
CURRENT ASSETS
Cash and bank balances
li
112,697
120,300
LIABILrrIES
Credltors
(amount falllng due within one year)
Accrual and deferred income: accountancy fees
13
650
650
650
650
NET ASSETS
113,252
121,457
CHARrrY FUNDS
General
unrestricted
General
restricted
TOTAL FUNDS
Id
le
80,542
32,710
113,252
88,817
32,640
121,457
Restricted funds represents donations recelved for acqulring a permanent place of worshlp.
The accounts have been prepared in accordance with the Special provision of Statement of Recommended Prattlce..
Accountlng and Reportlrvj by Charlues (SORPI issued March 2005 as modlfled for smaller char￿leS
Approved by the Trustees on1i*K September 2024 and slgned on thelr behalf by:
Mr. Babatunde A Sodipo
Trustee
Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
NOTES TO THE Accouwfs FOR YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POUCIES
(a) Tne accounts are prepared under the historical cost convention and in accordan￿ wlth applicable accounting
standards. Théy follow best practlce as set out in the Statement of Recommen¢Jed Practlce.. Acc¢ThJnting and
Reporting by Charitie5 (SORPI Issued March 2005 a5 modified for smaller charities.
{b) Income and expenditure is accounted for on an accruals l)a$is.
(cl Fixed assets comprise furniture and equipment and musical equipment and have been costing rnore than É250.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off
the cost of fixed assets, less thelr &stimatod resjdual value, over thelr expected useful lives on the followlng bases-
Musical equipment
25% reducing balance
Fumiture and fittings
25% reducing balance
Computer equipment
25% redudng balance
(dl Unrestricted funds are Sncomlng resources received for the objets of the charity without fijrther specified purpose
and are available as general funds.
lel Restritted fun(Js are subject to restrictions on theSr expenditure imposed by thelr donors.
unrestricted
Restricted
Total
Totsl
Funds
Funds
Funds
Funds
2023
2023
2023
2022
2. WNAIIONS, LEGACIES AND SImI￿R INCOMING RESOURCES
Collection and other donatlons
Tlthe
18,204
14,433
278
18,204
14,433
278
20,567
12,538
150
Collectlon at all services
Sundry donations
Gift Aid recovered
21,303
54,558
32,915
32,915
3. AcfIviTIES IN FURTHERthCE OF CHARITY'S OBJEcr
Building fvnd
70
70
70
70
753
753
4. INVEYfME￿ INCOME
Interest received
918
918
91
Page 11

THE REDEEMED CHRIsfIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
NOTES TO THE ACCOUNTS FOR YEAR ENDED 3L DECEMBER 2023
un￿$t￿cted
Re¥(ricted
Totsl
Total
Fun(*s
Funds
Funds
Funds
2023
2023
2023
2022
6. Grants payable - individual
Individual welfare
7. Grants payable - institutional
Charitable givlng -UK
Charltable giving -overseas
Total
10,416
10,416
8,717
10,416
10,416
8,717
Llst of Institutional grants payable
RCCG WEM
World evangellsm
RCCG Central Offlce
Central Office Suppc
Camp ground
Mission su pport
Compasslon
Mission support
Total grant payable - Institutional
4,516
600
5,000
300
4,516
600
5,000
300
10,416
7,817
600
300
8,717
10,416
S. COST OF AcfIvITIES IN FURTHERANCE OF CHARITY'S OBJECTS
Guest ministers expenses
Hall hire, rent & rates
Telephone
Welfare
Mlssions and evangelism
Prlnting, postage, statlonery
Children & youth work
Community projects
Music licence & equipment
Insurance
450
7,196
194
675
450
7,196
194
3,853
168
675
1,750
200
138
667
879
667
879
3,419
1,525
527
246
643
519
602
13,259
30,803
3,419
1,525
527
246
643
519
831
236
489
187
602
9,588
18,043
Conference & misslons tralnlng costs
Sundry expenses
Depreciation
Staff cost
602
13,259
30,803
9. MANAGEMENT AND GOVERNANCE COSTS
Professlonal fees
Examiner's fees accountancy
240
650
890
240
650
890
1,865
650
2,515
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THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2023
10. TANGIBLE FIXED ASSErs
Muslcal
Offfi
equipment equipment
Total
31-Dec
2023
Total
31-Dec
2022
Cost
At l January 2023
Additions
At 31 December 2023
2,538
1,585
4,123
4,123
2,538
1,585
4,123
4,123
Depreciation
At l January 2023
Charge for the year
At 31 December 2023
1,778
253
2,031
538
349
887
2,316
602
2,918
2,316
2,316
Net book value
At 31 December 2023
507
699
1,206
1,807
11. CASH BALANCES
Year ended Year ended
31-Dec
31-Dec
2023
2022
Cash at Bank
112,697
112,697
120,300
120,300
12. CREDITORS
Year ended
Year ended
31-Dec
2022
31-Dec
2023
(amount falling due within one year)
Accrual and deferred Income: accountancy fees
650
650
650
650
13. RELATED PARTY TRANSAcfIoNS
During the year, the church pald institutional grants to other RCCG organisatlons such as the
World Evangelism Mlsslon as stated in note 7.
Page 13

THE REDEEMED CHFusfiAN CHURCH OF GOD
HOUSE OF PEACE FOR ALL NATIONS
NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2023
14. STAFF cosr AND NUMBERS
Staff costs were as follows
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Wages and salaries
Social security costs
8,850
150
9,000
8,850
150
9,000
Year ended
Year ended
31-Dec
2022
No.
The average number of employee durlng the year was as follows
31-Dec
2023
No.
Pastoral
Charity admlnlstration
Total
No employee re￿iVed remuneration amountlng to more than £50,000 in the year,
15. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
Year ended
31-Dec
2023
Year ended
31-Dec
2022
This Is stated after charging
Depreclatlon of tanglble assets owned by the charlty
Independent Examiner's fees
602
650
602
650
Page 14