Registered number: 04376232
Charity number: 1117479
THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL
CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
INDEPENDENT EXAMINATION
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
IA company Ilmlted by guarantee)
CONTENTS
Page
Reference and admlnlstratlve detalls of the Charltable Company. Its Trustees and
advlsers
Trustees, report
Independent examIne￿S report
Statement of flnanclal actlvltles
Balance sheet
10-11
Slalemenl of cash flows
12
Notes to the flnanclal statements
13-28

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Pastor Olajide Joseph Omotayo
Mr Jacob Babatunde Abegunde
Mrs Flora Deeka Nwikpo
Mrs Abosede Owoyele
Company reglstered
number
04376232
Charlly reglstered
number
1117479
Reglster8d offlce
Rear of 31- 33 High Road
Chadwell Heath
Romford
Essex
RM6 6QJ
Mlnlster In Charge
Pastor Chuka Nwafor
Accountants
Slephen Michael Ass¢xiales
Chartered Certfied Accountant8
201 Borough High Street
London
SE11JA
Banker8
Barclays Bank PLC
1- 2 Trinity Way
Chingford
London
E4 8TD
Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2026
The Trustees present their annual report together with the financial statements of the Charitable Company for
the 1 April 2024 to 31 March 2025. The Annual report serves the purposes of both a Trustees, report and a
directors, report under company law. The Tnjslees confirm that the Annual report and financial statements of the
charitable company comply wth the current statutory requirements, the requirements of the charitable companls
governing document and the provisions of the Slalement of Recommended Pr2Ctice {SORP) applicable to
charities preparing their accounts in accordance wilh Ihe Financial Reporting Standard applicable in Ihe UK and
Republic of Ireland (FRS1021 (effective 1 January 2019).
Since the Charitable Company qualifies as small under section 382 of the Companie5 Act 2006, the Strategic
report required of medium and large companies under the Companies Act 2006 (strategic Report and Directors,
Report) Regulations 2013 has been omttted.
Objectlves and actlvltles
a. Pollcles and objectlves
The charitys objects are..
The advancement of the Christian faith worldwide.
Social Action and poverty relief worldwde.
Provision ol children and family support seNices', and
Provision of educational and training programs for children, young people and adults in the local
communily.
The Board of Trustees confimi that they have mel Iheir duties in strict compliance wilh the provisions of section 4
and 17 of the Charities Act 2011, and have had due regards to the Charily Commission's general guidance on
public benefit. Particular consideralion has been given to Ihe Charity Commission's supplementary public
guidance provisions on the advancement of religion for the public benefit.
In setting objectives and planning for actrvilies, the Trustees have given due consideration lo general guidance
published by the Charity Commission relaling to public benefit, including the guidance 'Publtc benefit= running
charity (PB2)'
Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achlevements and performance
a. Revlew of activltles
The focus of all the activities of the RCCG International Christian Centre is sharing the good news of Jesus
Christ in a holistic and practical way with children. young people and adults within our local community and the
world al large. We believe Ihal the gospel is life transforming and life enhancing and is tha only way through
which men can have and experience eternal life. It is our belief that Ihe gospel has a positive impact on
individuals who, in lurn, have a positive and transformalive impact on their families, communities and the world.
Hence, in the year ending 31 March 2025, RCCG ICC as a charity, in keeping With ils objectives was able to
extend existing programmes and develop new inilialives aimed at propagating and advancing message of the
gospel of Christ and the Christian faith within ils local community, the UK and overseas through ils mission work.
The charity also consolidated its Social Action inilialives; its provFsion of educationltraining; and the delivery of
children and family support services in Ihe community.
The church continued lo work in partnership with olher local organisalions with similar objecllves of advancing
the gospel of Jesus Christ and raising finances and awareness for the needs and plight of the most
disadvantaged in our sociely and around the world.
b. Inveslrnent pollcy and p8rfomiance
The Iruslees have decided that at present, funds should be retained In Banks and Building Societies. Any
change in such banking arrangements should be agreed by the board as far as possible, funds will be
retained in interest bearing accounts.
Financial review
a. Reserves pollcy
The Irustees have established a policy whereby the unrestricted funds not committed or invested In tangible fixed
assets ('Ihe free reseNes') held by the church should be 3 months of annual expenditure. At this level, the
trustees feel Ihat Ihey would be able to continue the current aclimlies of the church in the event of a significant
drop in funding. The free reserve for the year is £300,777 <2024 - £250.382).
b. Flnanclal Posltlon
The church is financialty stable.
Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
a. Constltution
The Redeemed Christian Church of God International Christian Centre Ltd is registered as a charrlable company
limited by guarantee and was sel up by a Memorandum of Association.
b. Methods of appointment or electlon of Trustees
The management of Ihe Charitable Company is the responsibility of the Trustees who are elected and co-opled
under the terms of Ihe Memorandum of Association.
c. Organlsatlonal structure and declslon-maklng pollcles
The charitable company is organised so that the Board of Trustees meet to manage ils affairs on a regular basis.
The day to day administration of Ihe charity is delegaled to the Minister In Charge, who reports frequently, on the
affairs of the charity, to the Ifuslees.
d. Rlsk Management
The Trustees have assessed the major risks lo which the charitable company is exposed, in particular those
relaled to the operations and finances of the charitable company. and are satisfied that systems and procedures
are in place lo miligale our exposure to the major risks.
Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee}
TRUSTEES, REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future period8
In the view of growlh in lh8 congregation, the church aims to:
In keeping with the chartable objectives, to continue to pursue the advancement of the Christian faith
localty and around the world.
To commence in 2026, the building and development of the New Dream Centre- Sl. Chads Youth
Development & Leadership Centre, facility,. as a landmark Youth Development and Leadership Training
Centre in the Uniled Kingdom.
To continue to build on Ihe Mission Training Centre inilialive, as a Iraining and equipplng cenlre
for men and women dedicated to serwce of God and humanity,. with a vision of making
difference, building up communities and workin9 in partnership to Create a Belter Future for
the next generation lo come.
Establish an effective Pastoral Care Teaml welkgroomed leadership team capable of minister lo the
multiple and diverse needs of ils members and local c¢)mmunity, as well as able lo reproduce ilself
To continue lo be not just spiritually relevanl. but as well. socio-economically relevant church,. which Ss
able to reach, minister to and serve the diverse groups within our community regardless of Iheir age,
socio-economic status or race.
To become a Christ cenlred mullicullural church that is able to create life learnlng
opportunities, educate, equip and empower its members to live and proclaim the gospel of
Christ Jesus and add value to the wider community in which they live.
To further develop and slrenglhen its relationship with Ihe RLC. to ensure that it is able to effectively support it In
carrying out the community development and outreach seNices it provides on its behalf as a local church, lo
create life learning opportunities for ils members and the wider community.
Members, Ilablllty
The Members of the Charitable Company guarantee to contribute an amount not exceeding £110 the assets of
the Charitable Company in the ev8nl of winding up.
Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee}
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Slalement of Trustees, responsibilities
The Trustees (who 8re 81s0 the directors of the Charitable Company for the purposes of company law) are
responsible for preparing the TrLSStee5' report and the financial statemenls in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountino Practice).
Company law requires the Trustees to prepare financial statements for each financial year . Under company law,
the Trustees mLtst not approve the financial statements unless Ihey are satisfied Ihal they giv8 a true and fair
view of the State of affairs of the ChaTilable Company and of ils incoming resources and application of resources,
including ils income and expenditure, for that period. In preparing these financial statements, the Trustees are
required lo..
select suitable accounling policies and then apply them consistently.,
obseNe the methods and principles of the Charilies SORP (FRS 102).,
make judgmenls and accounting estimates Ihat are reasonable and prudent;
stale whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the linancial slatemenls;
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
Charitable Company will continue in business.
The Trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain
the CharilabSe Companvs Iransactions and disclose wilh reasonable accuracy al any time the financial position
of the Charitable Company and enable Ihem to ensure thal Ihe financial statements comply with Ihe Companies
Act 2006. They are also responsible for safeguardin9 the assets of the Charitable Company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Pastor Olajlde Joseph Omotayo
Date: .gi. ia.a095
Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent examlner's report to the Trustees of The Redeemed Christian Church of God
Internatlonal Chrislian Cenlre Ltd {'the Charltable Company'l
I report to the charity Trustees on my examination of the accounts of the Charitable Company for the year ended
31 March 2025.
Responslbllltles and basts of report
As the Trustees of the Charitable Company (and ils direclors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance wrth the requirements of the Companies Act 2006
('the 2006 Act,).
Having satisfied myself thal Ihe accounts of the Charitable Company are not required lo be audited under Part
16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination of the
Charitable Companvs accounts carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Acl,). In
carrying out my examinalion I have followed the Directions given by the Charity Commission under seclion
145(5)(b) of the 2011 Act.
Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CEtrITRE LTD
(A company limited by guaranteel
INDEPENDENT EXAMINER'S REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Independent examlner's statement
Since the Charitable Companvs gross income exceeded £250,000 your examiner must be a member of a body
listed in seclion 145 of the 2011 Act, l Confirm Ihat l am qualified to undertake the examination because l am a
member of (Association of Chartered Certified Accountants), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my allenlion in connection with the
examination giving me cause to believe..
eccounting records were not kepl in respect of the Charilable Company as required by section 386 of the
2006 Act; or
the accounts do not accord with those records., or
the accounts do nol comply with the accounting requiremenls of section 396 of the 2006 Act other than
any requirement that Ihe accounts give a 'lrue and fairf vtew which 18 not a maller considered as part of
an independent examination; or
the accounts have not been prepared in accordance with Ihe methods and principles of the Statement of
Recommended Practice for accounling and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in conneclion with the examination to which
allenlion shotjld be drawn in this report in order to enable a proper understanding of the accounts to be reach8d.
Signed..
Daled. ,5 1
Mr Michael Oyewobi FCC
STEPHEN MICHAEL ASSOCIATES
Chartered Certified Accountants
201 Borough High Slreel
London
SE11JA
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limlted by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Restrlcted Unrestrlcted
funds
funds
2025
2025
Total
funds
2025
Tolal
funds
2024
Note
Income from:
Donations and legacies
Investments
29.381
356,770
25,326
386,151
26,326
283,437
32,294
Total income
29.381
382,096
411,477
314731
Expendllure on:
Charitable activities
333,657
333,657
319,731
Total expendlture
333,667
333,657
319,731
Net movement In funds
29,381
48,439
77,820
(4,OQO)
Reconclllatlon of fund8:
Tot81 funds brought forward
Net movement in funds
56,196
29,381
944,458
48,439
1,000,654
77,820
1,004, 654
{4,OOOJ
Total funds carrled foNard
85,577
992,897
1,078,474
1,000,654
The Statement of financial activities includes all gains 8fKI losses recognised in the year.
The notes on pages 1310 28 form part of these financial statements.
Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarant88)
REGISTERED NUMBER: 04376232
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Flxed assets
Tangible assets
11
1,187,463
1, 232, 923
1,187,463
1, 232, 923
Current ass8ts
Debtors
Cash at bank and in hand
12
176,793
287,821
199, 793
175, T61
464,614
375, 554
Creditors.. amounts lalling due within one
year
13
(115,568)
(125, 172)
Net current assets
349,046
250,382
Total assets less current Ilabllltles
1,536,509
1, 483,305
Creditors.. amounts falling due after more
than one year
14
1458,035)
(482, 651)
Net assets excludlng penslon asset
1,078,474
1,000, 654
Total net assets
1,078,474
1,000,654
Charity funds
Restricted funds
Unrestricled funds
16
16
85,577
992,897
56, 196
944, 458
Tolal funds
1.078,474
1.000, 654
Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOO INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmited by guarantee)
REGISTERED NUMBER: 04376232
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The Charitable Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required Ihe company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibililies for comptying with the requirements of the Act with respect lo
accounling records and preparation of financial statements.
The financial statements have been prepared in accordance wrth the provisions applicable to entilies subject to
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by:
Pastor Olajlde Joseph Omotayo
Date: gi.ia.ao95
The notes on pages 13 to 28 form part of Ihese financial slalements.
Page11

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash flows from operatlng actlvStles
Net cash used in operating aclivilies
136,674
(39, 651)
Cash flows from Investlng activlties
Purchase of tangible fixed assets
{32, 179)
Net cash provlded byl{used In) Investlng actlvltles
{32,179}
Cash flows from flnanclng actlvltles
Repayments of borrowing
(24,614)
(36,450)
Net cash used In flnanclng actlvltles
(24,614)
{36,450)
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
112,060
(108,280)
284,041
175,761
Cash and cash equlvalents at the end of the year
287,821
175, 761
The notes on pages 13 to 28 form part of Ihese financial stalements
Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General Infomiatlon
The Redeemed Christian Church of God International Christian Cenlre Ltd is a private company limited by
guarantee, incorporated in England on 18 February 2002
The address of ils registered office is:
Rear of 31- 33 High Road
Chadwell Healh
Romford
Essex
RM6 6QJ
Accountlng policles
2.1 Basls of preparatlon of flnanclal statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounling and Reporting by Charilies: Statement of Recommended Practice 8pplicable to charities
preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effeclive 1 January 2019), the Financial Reporting Standard
applicable In the UK and Republic of Ireland (FRS 102) and the Companies Acl 2006.
The Redeemed Christian Church of God Inlernalional Christian Centre Ltd meets the definition of a
public benefit enlily under FRS 102. Assets and liabilities are initially recognised at historical cost or
transaction value unless otherwise stated in the relevanl accounting policy.
2.2 Income
All income is recognised once the Charitab18 Company has enlillement to the income, it is probable
that Ihe income will be received and th6 amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the lime the investment
income is receivable.
2.3 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable Ihat a transfer of economic benefits will be required in selllement and
the amount ol the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each aclivity are made up of the lotal of direct Costs and shared cosls, including support costs
involved in undertaking each actimty. Direct costs altributable lo a single activrty are allocated directly
to that activity- Shared costs which contribute to more than one acltvity and support cosls which are
not altribulable to 8 single activity are apportioned between those activities on a basis consistent wilh
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocaled on Ihe portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further Ihe
Charitable Companls objectives, as well as any associated support costs.
All expenditure Is inclusive of irrecoverable VAT.
Page 13

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcSes (contlnued)
2.4 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can b8 measured
reliably by the Charitable Company,. this is nornial￿ upon notification of the interest paid or payable
by the institution with whom the funds are deposited.
2.5 Tanglble fixed assets and depreclatlon
Tangible fixed assets cosling £250 or more are capitalised and recognised when future economlc
benefits are probable and Ihe cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised al cost. After recognilion, under Ihe cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
105ses. All costs incurred lo bring a langible fixed asset into ils intended working condilion should be
included in the measurement of cost.
Deprecialion Is charged so as to allocale the cost of 18ngible fixed assets less their fesldual value
over their estimated useful lives,
Depreciation is provided on the following bases:
Freehold propety
Long-term leasehold propety
Motor vehicles
Office equipmenl
20/0 slraight line basis
20k stiaight line basis
25°/o reducing balance basis
15PA slraight line basis
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any Irade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.7 Cash at bank and In hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturily
of three months or less from the dale of acquisition or opening of the deposit or similar account,
2.8 Llabllltles and provlslons
Liabililies are recognised when there is an obligalion at the Balance sheet date as a result of a past
event, il is probable Ihal a transfer of economic benefit will be required in settlement, and the amount
of the selllement can be estimated reliably.
Liabililies are recognised at the amount that the Charitable Company anticipates it wtll pay to sellle
the debl or the amount il has received as advanced payments for the goods or services il must
provide.
Provisions are measured al the best estimate of the amounts required to settle Ihe obligation. Where
the effect of the time valLJe of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate thal reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statemenl of financial activities as a finance cost.
Page 14

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles (contlnuedj
2.9 Flnanclal Instruments
The Charitable Company only has financial assets and financial liabilities of a kind Ihal qualify as
basic financial inslrumenls. Basic financial instruments are initially recognised at Iransaclion value
and subsequently measured al Iheir setllemenl value with the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
2.10 Fund accountlng
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance ol the general objeclives of the Charitable Company and which have not been
designated for other purposes.
Reslricled funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Charitable Company for particular purposes. The costs of
raising and administering such funds are charged against the specific fund. The aim and use of each
reslricled fund is sel out in the noles lo Ihe financial statements.
Investment Income. gains and losses are 811ocaled lo the appropriate fund.
Income from donatlong and legacl88
Restrlcted Unreslrlcted
funds
funds
2025
2025
Total
funds
2025
Donations
2g,381
356,770
386,151
Reslricled Unreslricted
Tui?ds
lunds
2024
2024
Total
funds
2024
Donations
2.405
281,032
283,437
Page 15

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment income
Unrestrlcted
fund5
2025
Total
funds
2025
Investment income - local inveslmenl properiies
Investment income - local cash
22,500
2,826
22,500
2,826
25,326
25,326
Unreslricled
runds
2024
Tolal
lunds
2024
Inveslmenl income- local investment properties
Investment income - local cash
30, 000
2,294
30,000
2,294
32, 294
32, 294
Analysls of donatlon5
Donatlons
to
Inslltutlons
2025
Total
funds
2025
United Klngdom
15,502
15,502
Don8tions to
Instilulions
2024
Total
funds
2024
United Kingdom
53,500
53,500
Page 16

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
{A company limited by guarant88)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expendltuye on charltable actlvltles
Summary by fund type
Unre5trlcted
funds
2025
Total
2025
Advancement of Christian Failh
333,657
333,657
Unr8Stncted
funds
2024
Total
2024
Advancement of Christian Faith
319, 731
319,731
Analysls of expendlture by actlvltles
Actlvltles
undertaken
dlrectly
2025
Donatlon
fundlng of
actlvltles
2025
Support
costs
2025
Total
funds
2025
Advancement of Christian Faith
249,969
15,502
68,186
333,657
Aclrvilies
undertakeri
direclly
2024
Donalioii
funding ol
activities
2024
Support
cosls
2024
Total
funds
2024
Advancement of Christian Faith
204.626
53,500
61,605
319,731
Page 17

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysls of expendlture by actlvltles (contlnuedl
Analysls of dlrect costs
Advanceme
ntof
Chrlslian
Falth
2025
Total
funds
2025
Staff costs
Depreciation
Ministerial expenses
Premises expenses
Communicalion costs
Travel and motor expenses
Finance costs
6,000
40,914
50,017
115,691
2,960
1,091
33,296
6,000
40,914
60,017
115,691
2,960
1,091
33,296
249,969
249,969
Advancem8n
t of Chnslian
Fai¢h
2024
Tol81
fu17ds
2024
Staff costs
Depreciation
Ministerial expenses
Premises expenses
Communication costs
Travel and motor expenses
Finance costs
7,950
35, 652
28,503
85, 124
869
13, 150
33,378
7, 950
35, 652
28,503
85, 124
869
13, 150
33,378
204, 626
204,626
Page 18

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by actlvitles (contlnued)
Analysls of support cosls
Advanceme
ntof
Chrlstlan
Faith
2025
Total
funds
2025
Depreciation
Home mission and olher church societies
Honorarium
Welfare
Premises expenses
Communication costs
Travel and motor expenses
Computer and internet expenses
Repairs and maintenance
Refreshments
Bank charges
Expensed equipmenl and furniture
Donations and gifts
Finance costs
Governance costs
4,546
401
4,546
401
12,768
4,200
18,350
329
6,873
633
1,108
1,712
6,617
6,481
1,800
68
3,300
12.768
4.200
18.350
329
6,873
633
1,108
1,712
5,617
6,481
1,800
68
3,300
68,186
68,186
Page 19

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysls of expenditure by actlvlties (contlnued)
Analysls of support costs Icontlnued)
Advanc8m8n
l of ci?iisÈian
Failh
2024
Total
funds
2024
Depreciation
Home mission and other church societies
Honorarium
Welfare
Premises expenses
Communication costs
Travel and motor expenses
Refreshments
Sundry church expenses
Bank charges
Expensed equipment and furnilure
Donations and gifts
Flnance costs
Governance costs
12,006
t,218
5, 458
5, 131
13,250
96
12,006
1,218
5,458
5,131
13.250
96
1,461
1,657
1,326
2,821
7,616
6, 252
19
3,300
1,461
1,651
1,326
2,821
7,616
6, 252
19
3,300
61,605
61,605
Independent exarnlnerfs remuneratlon
2025
2024
Fees payable to the Charitable Companvs independent examiner for the
independent examination and preparation of the Charitable Companqs
annual accounts
3,300
3,300
Staff Costs
2025
2024
Wages and salaries
6,000
7, 950
6,000
7,950
Page 20

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Staff costs {contlnued)
The average number of persons employed by Ihe Chaiitable Company duiing the year was as follows..
2025
No.
2024
Admini51ralion
No employee received remuneialion amounting to more than £60.000 in either year.
10. Trustees, remuneratlon and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
Page 21

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Tanglble flxed assets
Long-term
leasehold
property
Freehold
property
Motor
vehlcles
Offlce
equlpment
Total
Cost orvaluatlon
Al 1 April 2024
1,606,004
187,370
58,929
88,122
1,840,425
Al 31 March 2025
1.506,004
187,370
58,929
88,122
1,840,425
Depreclatlon
Al 1 April 2024
Charge for the year
451,200
30,120
44,964
3,747
33,024
6,526
78,314
6,087
607,502
45,460
Al 31 March 2025
481,320
48,711
39,560
83,381
662,962
Net book value
At 31 March 2025
1,024,684
138,659
19,379
4,741
1,187,463
AI 31 IA8rch 2024
1.054, 804
142,406
25, 905
9, 808
1, 232, 923
12. Debtors
2025
2024
Due wllhln one year
Trade debtors
Other debtors
Tax recoverable
4,611
112,327
59,855
4,311
113,072
82,410
176,793
199, 793
Page 22

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Creditors: Amounts falllng due wlthln one year
2025
2024
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred inc¢Jme
37,308
44,745
2,281
27,934
3,300
46,224
43,985
1, 585
30,078
3,300
115,568
125. 172
14. Credltors: Amounts falllng due after more than one year
2025
2024
Bank loans
458,035
482,651
The bank loan is secured on the church's Premises (land and buildings) situated at Rear of 31 33 High
street, Chadwell Healh, Romford. Essex RM6 6QJ. The loan will mature on 13 December 2029.
15. Flnanclal instruments
2025
2024
Financlal assets
Financial assels measured at fair value through incorne and expenditure
287,821
175,761
Financial assets measured at fair value through incom8 and expenditure comprise cash al bank and in
hand.
Page 23

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16.
Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance al 1
April 2024
Income Expendlture
Unrestricted funds
General Funds - all funds
944,458
382,096
(333,657)
992,897
Restrlcted funds
Building fund
5and2
TWEM
Kingdom Kids
Africa Life Development
Sierra Leone Mission
45,582
10,264
1,630
80
27,205
45
47,212
10,324
27,205
45
350
44
350
441
56,196
29,381
85,577
Total of funds
1,000,654
411,477
(333,6571 1,078,474
Page 24

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Statement of funds (contlnued)
Statement of funds - prlor year
Balance al
31 March
2024
Balance al
1 Apnl 2023
Incoine Expendilure
Unrestricted funds
General Funds
950, 798
313,391
(319, 73qJ
944,458
Restrict8d funds
Building fund
5and2
Africa Life Development
43, 242
10, 264
350
2, 340
45,582
10,264
350
53, 856
2, 340
56, 196
Total of funds
1,004, 654
315, 731
(319, 731)
1,000,654
The 5 loaves and 2 fishes fund is donations received to provide food vouchers for Individuals and families
in need within our local community and nearby boroughs.
Building fund is donations received towards church building.
TWEM fund represents unexpended donalions towards welfare.
Page 25

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
17.
Summary of funds
Summary of funds- current year
Balance at
31 March
2025
Balance at 1
Aprll 2024
Income Expendlture
General funds
Reslricled funds
944,458
56,196
382,096
29,381
{333,6571
992,897
85,577
1,000,6S4
411,477
(333,6571 1,078,474
Summary of funds - prior year
88lance al
31 M8rch
2024
Balance al
1 April 2023
Income Expendilure
General funds
Restricted funds
950, 798
&9,856
313,391
2,340
(319, 731J
944,458
56, 196
1,004,654
315,731
(319, 731)
1,000.654
18. Analysls of net assets between fund5
Analysls of net assets between funds - current year
Restricted Unrestrlcted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
1,187,463
1,187,463
379,037
464,614
(115,568) 1115,5681
{458,0351
(458,0351
85.577
Total
85,577
992,897
1,078,474
Page 26

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company Ilmlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. Analysls of net assets between funds Icontlnued)
Analysls of net assets between funds - prlor year
Reslricled un￿sInc{8d
lunds
funds
2024
2024
To181
funds
2024
Tangible fixed 8ssets
Current assets
Creditors due within one year
Creditors due in more than one year
1,232,923
1,232,923
375,554
375,554
(181,368) (125, 172)
(482, 651) (482, 651)
56, 196
Total
56. 196
944,458
q, 000, 654
19.
ReconclllatSon of net movemenl in funds to net cash flow from op8ratlng actlvities
2025
2024
Net incomelexpendilure for the year (as per Statement of Financial
Activities)
77,820
(4, 000)
Adjustrnents for.,
Depreciation charges
Decreasal(increase) in debtors
Decrease in creditors
45,460
23,000
{9,606)
47,658
(68,047)
(q5, 262)
Net cash provlded byl(used In) operatlng actlvitles
136,674
(39, 651)
20. Analysls of cash and cash equival8nts
2025
2024
C8sh in hand
287,821
175,761
Total cash and cash equlvalents
287,821
175,761
Page 27

THE REDEEMED CHRISTIAN CHURCH OF GOD INTERNATIONAL CHRISTIAN CENTRE LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMEhlTS
FOR THE YEAR ENDED 31 MARCH 2025
21. Analysls of changes In net debt
At l April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
175,761
(46,2241
(482,651)
112,060
8,916
24,616
287,821
(37,308
(458,0351
1353,114}
145,592
(207,522)
22. Related party transactlons
2025
2024
Amounts owed by Resurrection Life Centre lo the charilable company- in
other debtors (Note 12)
Rent receivable from Resurrection Life Centre Ltd (see note 4)
73,684
22,500
73, 684
30,000
Resurrection Life Centre Ltd (RLC) is a company with a common Chief Executive.
Page 28