THE REDEEMED CHRISTIAN CHURCH OF GOD AMAZING GRACE CHAPEL HULL Charlty reg. no l 119496 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
THE REDEEMEO CHRISTIAN CHURCH OF GOD- AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 CONTENTS CONTENTS PAGE Reference and admlnistratlve details Trustee's report Independent Examlner's Statement of Financlal Activltles Balance sheet io. Notes to the flnanclal statements Page I
THE REDEEMED CHRISTIAN CHUFiCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 REFERE NCE AND ADMENISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS Trustees Pastor M Bako - Resigned 29 June 2026 Pastor O l Aleshinloye - Resigned 31 July 2026 Pastor E Enell - Resigned 29 June 2026 Pastor E R Inwe Nr A Sowu nml - Appolnted 29 June 2026 Pastor M Olorunlogbon - Appointed 29 June 2026 Mr T AleshSnloye- Appobnted 29 June 2026 Registered Charity Number 1119496 Correspondence Address 71173 6everly Road Hull East Yorkshbre HU3 IXL Pastor in Charge Pastor Olumlde l Aleshlnloye Bankers Natwest Bank PIC Wlllerby and Klrk Ella (A) Branch The Square Wlllerby east Yorkshire HUIO 7UA Accountant Akintayo Olo FCCA Resou rce Management Consultants Llmlted Chartered Certified Accountant 46 Hollywood Way Erith DA8 2QE Page 2
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GPACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 REPORT OF TRUSTEES The Trustees present thelr annual POrt together wlth the financlal statements of The Redeemed Chrlstlan Church of God Amazlng Grace Chapel Hull (the Charlty) for the year ended 31 March 2026 The trustees conflrm that the annual report and flnanclal statements of the charlty have been prepared In accordance with the policles set out Sn note I to the accou nts and comply wlth the charity's trust deed, the Charities Act 2011 and Accou ntlng and Reportbng by CharitSes.' Statement of Recommenijed Practlce (SORP) applbcable In the UK and Republlc of Ireland published on 16 July 20 14 OBJEcfIvES AND ACTIVITIES The principal obj.ect 55 the advancement of Christlan faith worldwlde and rellef of poverty. To promote any charltable attivlty for the beneflt of the local people. To achleve thls objectlve, the church adopted the followlng strategles.. STRATEGIES FOR ACHIEVING THE OBJEcfIvES The charlty has adopted the following strategies for achievlng the above objectives.. Planting churches Running seminars In the church with proven minlsters of the falth to gulde members In the varlous aspects of Christlan faith, Support for other charltles and Chrlstian events, Provldlng overseas aid and famlne rellef, and involvlng in economlc and communlty development, Communlty outreach evenls, Conferences and events, Welfare support to members and general publlc, and Various m15slonary actlvltles PUBLIC BENEFIT STATEMENT The Board of Trustees confirm that they have met thelr duties in strlct compllance with the provlslons of section 4 and 17 of the Charltles Act 2011 and have due regards to the Charity CommSs5ions' general gu idance on public beneflt. Partbcular consideratlon has been given to the Charlty Commisslon's supplementary public guidance provlsions on the advancement of religlon for publlc benefit. PUBLIC BENEFITS The Church's Sunday and mld-week servlces as well as prayer meetings are open to the general publlc to bulld on thelr ChrSstlan falth. Apart from Its Church actlvltles, the charlty was Involved In the followlng public benefit efforts.. The charlty runs a free youth muslc, choreography and drama project for youth In the commu nity Thls we belleve wlll enable young people be more productlve wlth tbelr free tlme. Thls wlll fu rther prevent them from getting Involved In any antl-soclal behavlour. The charlty organlsed varlous dinner events to brlng the communsty members and thelr leaders. Thls provldes an opportunlty for soclal Interaction between members of the communlty. Page 3
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 REPORT OF TRUSTEES PUBUC BENEFITS The charlty organlsed weekly soup kitchen for the homeless, and less prlvllege In the flnanclal year. This is ongoing at the time of this report. The charlty successfully runs the communlty Coheslon Soup Kltchen project wlth a grant from Community Fund Project. Wlth increased cost of Ilvlng arlslng from Increased energy cost and inflation, Amazing Grace Chapel continues to provide support to members of her communlty. The centre has been turned to a hub In Hull. Residents attend for decent meals and their daily needs. Durlng the flnanclal year, the charity had gave out over 10,000 food parcels to the people In need, and the less privllege In the communlty. The church have been provlding food parcels three times a week. The speclflc days are Tuesday, Thursday5 and Saturdays. Our efforts are geared towards supportlng the programmes of our local communlty, promotlng coheslon In our communlty, and Impacting the lives of the young people and the elderly. STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity which also operates under the name Amazing Grace Chapel Hull was constituted by a trust deed dated 9 June 2006 and was re9lstered wlth the Charity Commisslon as a charity in England and Wales on 5 June 2007 APPOINTMENT OR ELLECTION OF TRUSTEES Trustees are appointed or elected under the terms of the trust deed. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES The Inductlon process for newly appointed trustees comprises of an initial meeting wlth the Chalr and other trustees, followed by short meetlng5 wlth the Parlsh Pastor on the powers and responslbllltles of the Trustees. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity Is organlsed so that the Trustees meet regularly to manage Its affalrs. The Parish Pastor manages the day to day adminlstration of the chu rch wlth assistance from the mlnisters. RELATED PARTY TRANSACTION RCCG Amazlng Grace Chapel Hull Is a parlsh of The Redeemed Chrlstlan Church of God (RCCGI whlch has parishes all over the world. The parlsh's relationshbp vylth RCCG is governed by an 'Agreement for Common purposes,. RISK MANAGEMENT The Trustees have assessed the ma}or rlsks to whlch the charlty Is exposed, In partlcular those relating to the operatlons and fbnances of the charlty, and are satisfied that Systems are In place to mltbgate our exposures to major rlsks. However consultatbon and revlew of our systems are regularly undertaken, In order to ensure they remaln up to date and effectlve. Page 4
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEes AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 REPORT OF TRUSTEES GRANT MAKING POLICY The church supports vlsltlng mlnlsters of the gospel both wlthln and outslde the Unlted klngdom. Support Is also glven to RCCG Central Offlce, World Evangelism Mission, Festival of Life and other RCCG programmes. The Church supports other charltles and misslonary that shares Its objects on advanclng Chrlstian religlon of Christian faith and rellef of poverty. The church gives occaslonal welfare support to congregatlonal members who are in need. VOLUNTEERS The chu rch 55 grateful for the unstlntlng efforts of Its volunteers who are Involved In provldlng servlces for the charlty, Lt Is estlmated that over 8000 hours are provlded by volunteers durlng the year. If thls Is conservatlvely valued at £8.50 per hou r, the volunteers effort wlll amount to over £68,000. Strateglc tralnlng/development programmes were provlded to the volunteers to enhance the quallty of services they rendered to the Charity. ACHIEVEMENT AND PERFORMANce REVIÉW OF ACTniITXES The church conllnues to enjoy tremendous growth In Its physlcal and splrltual Ilfe durlng the year, and In the advancement of Chrlstlan falth In accordance wlth the doctrlnes set out In the Statement of falth contalned In ou r Trust Deed. Durlng the year In report, the charlty recelved grants fmm other charltles for her communlty project. Donors and amount recebved are shown In note 3 on page I l. INVESTMENT POLICY The trustees have declded that at present, funds should be retalned In banks and bulldlng socletles, and as far as posslble In Interest bearlng accounts. Havlng con51dered the powers of the trustees to ftjrther Invest the funds of the charityi the trustees has agreed to Invest In propertles and the charlty currently owns 8 flats of varlous slzes In the communlty. The flats are rented and have generated provlded addltlonal Income whSch are used for achlevlng the ablects of the charlty. RESERVES POLICY The trustees, pollcy Is to have unrestrlcted and uncommltted fu nds (free reserves) to cover 3 to 6 months of resources expended whlch equals roughly É50,000 - £ 100,000. They feel that thls wlll enable current actlvllles to contlnue If there Is any slgnlflcant drop In fund Ing. It would obvlously be necessary Ihen to conslder how the funé Ing would be replaced or actlvltles changed. The present free reserve Is above the pollcy range but the trustees are contbnulng to seek addlllDnal funds to further boost the reserves. PRINCIPAL FUNDING Fu ndlng has been provlded malnly through tithes and offerlngs by church members and through donatlons. Pledges are also taken for speclflc projects. The charlty has maxlmlsed Its Incomlng by accesslng glft ald claim on donatlons made by ellglble donors. Page 5
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GAACE CHAPEL HULL TRUSTEES AND FJNANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 REPORT OF TRUSTEES FUTURE DEVELOPMENTS The charity continues to explore various 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 Ilfe-changing impart in the communlty through strateglc trabnlng and development programmes. The charlty under Its object of preventlon and relief of poverty has contlnued to help in allevlatlng accommodation problems in her community. The Charlty dld not acquire properties in the year. It contlnues to manage her portfollo of 9 flats. The flats are rented out in the commu nity at affordable rates. The Charlty contlnue to explore ways of provldlng further help for her communlty. FINANCIAL REVIEW The Charity's flnancial statements for the year ended 31 March 2026 show a net increase of funds of £327,650 (2025: E388,343). TAXATION The Redeemed Chrbstlan Church of God Amazlng Grace Parlsh 15 a reglstered charlty and all of Its actlvltles are tax exempt under rules of taxation granted to charltles. Page 6
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 REPORT OF TRUSTEES STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are responsible for preparlng the annual report and financlal statements In accor- dance with applicable laws and regulations. Charlty law requ15 the Dlrectors to prepare financlal statements for each financlal year. Under that law, the Trustees have elected to prepare the ffinancial statements in accordance with the United Kingdom Generally Acceptable Accounting Practice (United Kingdom Atcountlng Standards and applicable lawl. The financlal statements are requ ired to give a true and fair view of the state of affalrs of the charity and of the surplu5 or deflclt of the charlty for that period. In preparlng the flnanclal statements, the Dlrectors are requlred to: Select sultable accountlng pollcles and apply them conslstently; Make Judgement and estlmates that are reasonable and prudent,. Prepare the financial statements on a going concern basls unless It Is Inappropriate to presume that the charity wlll contlnue In operatlon. The trustees recognlse thelr responslbilities to keep proper accounting records that dlsclose wlth reasonable accuracy at any time the flnanclal positlon of the charlty and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardlng the assets of the charlty and henceforth taking steps for the preventlon and detection of fraud and other irregularities. The appended flnancial statements have been prepared on the accruals basls and have been examined by an Independent examlner, whose report Is also appended. Approved by the trustees on Q E August 2026 and slgTred on thelr behalf by: Pastor M Olorunlogbon Trustee Mr T Aleshinloye Trustee Page 7
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF RCCG - AMAZING GRACE CHAPEL HULL I report on the accounts of the charity for the period ended 31 March 2026 which is set on pages 9- 16 RESPECTIVE RESPONSIBILlTtES OF THE TRUSTEES AND THE EXAMINER The Charity Trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for the period under section 476 of the Companles Act 2006 and that an independent examination is needed. It Is my responslbillty to., examlne the accounts under 5ection145 of Charltie5 Act 20 11. follow the procedures laid down in the oeneral Dlrections glven by the Charlty Commission IL*nder sectlon 14515)(b) of the 2011 Act; and state whether particular matters have come to my attention. BASIS OF MY EXAMINATION My examination was carried out in accordance with the General Directlons given by the Charity Commisslon. An examination includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It also Includes consideratlon of any unusual Items or disclosures In the account, and seeklng explanatlons from you as trustees concernin9 any such matters. The procedure5 undertaken do not provlde all the evidence that would be required in an audit. and consequently no oplnion is given as to whether the accounts present a 'true and falr" vlew and the report is limited to those matters set out in the statements below. EXAMINER'S STATEMENT In connection wlth my examinatlon, no matter has come to my attention: I I I whlch glves me reasonèble cause to belleve that In any materlal respect the trustees have not met the requirements to ensure that., proper accounting record5 are not kept in accordance with the companies Act; and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Companies Act 2006; or (2) to which, in my opinion, attention should be drawn in order to enable a proper under- standing of the accounts to be reached, Aklntayo Ojo FCCA Resource Management Consultant5 Ltd 46 Hollywood Way Erith. DA8 2QE Page 8
THE REDEEMED CMRISTIAN CHURCH OF GOD - AMAZING GPACE CHAPEL HULL TRUSTEes AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 STATEMENT OF FINANCIAL ACTIVITIES Unrestritted RtriCt¢ Total Total Funds Funds Funds Funds 2026 2026 2026 2025 Notes INCOMING RESOURCES Donatlons, & slmllar Incomlng resources Grants for Communlty Projects Glft aid Recelvable Other Grants & Income Recelved Investment Income Total Incomlng sourceS 739,139 10,024 165,759 14,046 34,536 963,505 12,873 752,012 10,024 165,759 14,046 34,536 976,378 720,767 5,550 155,935 35,000 23,289 940,541 12,873 RESOURCES EXPENDED Charltable expendlture Grants payable - Indlvldual Grants payable - Institutlonal Costs of actlvltles Sn furtherance of charltles objects Support Cost Management and governance costs Total resources expended 1,468 67,857 1,468 67,857 10,546 66,489 429,403 32,358 108,641 639,728 429,403 32,358 108,641 639,728 336,057 24,957 105,148 543,197 io li Net (outgoln9)/lncomlng resources for year 323,777 12,873 336,650 397,343 Total funds at the start of the year 806,265 539,635 1,345,900 957,557 BALANCE AT END OF YEAR 1,130,042 552,508 1,682,550 1,3 54,900 The charlty's Incomlng resources and resources expended all tate to contlnulng actlvltles. Page 9
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GWCE CHAPEL HULL TRUSTEES AND FSNANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 srATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 Notes 2026 2025 FIXED ASSETS Bullding Tanglble Fixed assets 12 12a 12b 949,325 116,475 1,065,800 879,582 93,878 973,460 CURRENT ASSETS Debtors Cash and bank balances 13 14 350,044 279,205 629,250 171,085 284,652 455,737 Total assets 1,695,050 1,429,197 LIABILITIES CREDITORS (amount falllng due wlthln one year) Accrued expenses Long term Liability - Mortgage Total 1Sabllity 12,500 37,943 16a 45,354 83,297 12,500 NET ASSETS 1,682,550 1,345,900 CHARITY FUNDS General unre5trScted General restrlcted TOTAL FUNDS Id le 1,130,042 552,508 1,682,550 806,265 539,635 1,345,900 The acceunts have been prepared in accordance with the special provlslon of StatenRnt of Recommended Praetice.. Accounting and Reporting by Charitye$ ISORPI Issued March 2005 as modified for smaller charities Approved by the Trustees on 26 August 2026 and slgned on thelr behalf by., Pastor M Olorunlogbon Trustee Mr T Aleshinloye Trustee AIIW4•W Page 10
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 NOTES TO THE ACCOUNTS I. ACCOUNTING POLICIES lal The accounts are prepared under the historical cost c¢nvention and In a¢c¢rdan¢e wlth applicable accountlng standards. They follow best practice as set out in the Statement of Recommended Practlce.. Accountin9 an Reporting by Chantles (SOAP} issued March 2005 a5 modified for smaller charities. (b) Income and expendlture Is accounted for on an accruals basis. Icl Fixed assets comprise fumltufft and equipment and musical equlpment and have tieen costing more thèn £lOO. Tanglble flxed assets a stated at e0# le55 depreciation. Depreciatlgn is provided at rate5 calculated to write ¢ff the cost of fixed assets, less their estlmated resldual value, over their expecred useful lives on the following bases: Musical equlpment 25010 reduclng balance Furniturè and fittings 25% reducing balance Computer equipment 25% reducing balance Motor vehicles 25* reducing balance Id) Unrestricted funds are Incoming sourceS received for the obletts of the charity without further specifled purpose and a available as general funds. le) Restricted funtts a subjett to fftStrictions on their expendlture Imposed by thèir donors. unrestCted Restrlcted Total Total Funds Funds Funds Funds 2026 2026 2026 2025 2. DOMTIONS, LEGACIES AND SIMILAR INCOMING RESOURCES Collecllon at all servlces Donatlons Donatlons - Muslc Mixer Donatlons - Mlsslon 709,640 13,060 709,640 13,060 657,663 17,014 16,440 12,873 29,313 29,255 16,836 720,767 Donatlon - Communlty Project 739,139 12,873 752,012 3. AcE5 IN FURThEPANCE OF CHARITYS OWEcr East Riding Trust Charles Trust Humber Community Association Grant Humber All Nations Allbance Communlty Fund 300 300 300 3,000 6,724 3,000 6,724 5,250 10,024 10,024 5,550 4. GIFf AID Glft ald receivable 165,759 165,759 155,935 5. OTHER GRf4fff5 & INCOME RECEiveD HMRS Ers Nl Relief Insurance proceeds RCCG Camp Sale of Van 5,000 9,046 5,000 9,046 s,000 28,000 2,000 35,000 14,046 14,046 Page 11
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TIUSTEES AND FINANCTAL REPORT FOR YEAR ENDED 31 MARCH 2026 NOTes TO TtIE ACCOUNTS Unrestrltted Re5tritted Total Total Funijs Funds Funds Punds 2026 1026 202fj 2025 6. INVETr4ENT INCOME Net Rental Income Hall Hire Receipts 17 33,536 1,000 34,536 Amount represents net ntaI income recelved from 3 flats owneé by the charity. The nCOrne was use¢ to advance the objects of the chartty. 33,536 1,000 34,536 22,809 480 23,289 2026 2026 2020 2025 7. Grants payable - individual Indlvldual welfare 1,468 1,468 10,546 2026 2026 2026 1025 8. Grants payable - Instltutional Charltable glvlng -UK Charltable glvlng -overseas Total 67,857 67,857 66,489 67,857 67,857 66,489 List of Instltutlonal grants payable RCCG WEM RCCG Central Offlce Festival of Life Others 53,367 960 180 13,350 67,857 53,367 960 160 13,350 67,857 54,622 960 195 10,712 66,489 Total grant payable - Institutlonal 9. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJEC Seminar, conferences & subscriptlons Travel and subslstence Vehicle running and repalrs Vlsiting minlster's expenses Communlty projects Mlsslons and evangellsm Welfare & hospltallty Telephone & Internet Prlnting, postage, stationery & IT consumables Repairs, renewal and malntenance Worshlp cost, muslc & church group 5,147 38,83B 5,725 25,566 22,999 84,706 5,981 2,261 3,356 88,833 11,207 9,980 11,074 5,147 38,838 5,725 25,566 22,999 84,706 5,981 2,261 3,356 88,833 11,207 9,980 11,074 4,163 31,701 3,127 17,041 23,475 35,206 8,254 2,464 2,889 83,545 18,517 8,193 12,107 8,840 Insurance Grant refund Flnance costs 7,355 3,087 ID3,287 429,403 7,355 3,087 103,287 429,403 Tralning & development Depreciatlon 2,430 74,105 336,057 Page 12
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZLNG GPACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 NOTES TO THE ACCOUNTS unrsstritted Restritted Total Total Fund5 Funds Funds Funds 2026 2026 2016 1025 10. SUPPORT COSTS Telephone & Internet Printing, postage, stationery & IT consumables Utilltles Admin & office expenses Bank charges Sundry expenses 1,150 1,667 4,277 13,761 6,786 4,717 32,358 1,150 1,667 4,277 13,761 6,786 4,717 32,358 1,055 1,237 3,512 10,799 7,059 1,295 24,957 11. MANAGEMENT AND GOVERNANCE COSTS Staff cost Professional fees - Legal & Leases Professlonal fees - accountancy & examlnation Professional fees - Other Professional fees - accountancy other 76,630 19,511 10,000 76,630 19,511 10,000 67,727 16,121 9,600 9,200 2,500 105,148 2,500 108,641 2,500 108,641 12. FIXED ASSETS 12a. BUILDING Total 31-Mar Total 31-Mar 2025 2026 Cost at l Aprll 2025 Addltlons In the year Cost at 3 1 March 2026 879,582 69,743 949,325 879,582 879,582 12b. TANGIBLE ASSETS Motor Muslcal Computers Fumlture & veh1cles equipment & projetttsrs fittings Total 31-Mar 2026 Total 31-Mar 2025 Cost At l April 2025 Addltions At 31 March 2026 72,285 44,507 4,722 49,229 152,960 109,162 262,122 71,949 12,000 83,949 341,701 125,884 467,585 257,033 84,668 341,701 72,285 Depreclation At l April 2025 Charge for the year At 31 March 2026 45,660 9,832 55,492 43,281 5,949 49,230 109,319 70,931 180,250 49,563 16,575 66,138 247,823 103,287 351,110 173,718 74,105 247,823 Net book value At 31 March 2026 At 31 March 2025 16,793 26,625 81,871 43,641 17,811 22,386 116,475 93,879 93,878 1,227 Page 13
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMIIZING GPACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 NOTES TO THE ACCOUNTS 13. DEBTORS Year ended 31-Mar 2026 Year ended 31-Mar 2025 Glft Ald Recelvable Other debtors 319,694 30,350 350,044 155,935 15,150 171,085 14. CASH BALANCES Unrostrlrte Restrictea Total Total Funds Funds Funds Fund$ 2026 2026 202fj 2025 Bank balance Bullding fund account Current account At 31 March 2021 18,938 18,938 260,267 279,205 24,521 260,131 284,652 260,267 260,267 18,938 Year ended 31-Mar 2026 Year ended 31-Mar 2025 15. CREDITORS Vehlcle Lease payment Accrual and deferred Income: Independent Examiner's fee5 Short term 27,751 9,600 592 37,943 12,5DO 12,500 Year ended Year ended 16a. LONG TERM UA61LrrY 31-Mar 2026 31-Mar 2025 Mortgage (Trlodos Bank) 45,354 45,354 Amount represents outstanding balance on Mortgage on church flats. 16. STAFF COST AND NUMBERS Staff costs were as follows Year ended Year ended 31-Mar 2026 31-Mar 2025 Wages and salaries Soclal securlty costs Pensions 65,309 7,983 3,338 76,630 59,597 5,739 2,391 67,727 Page 14
THE REDEEMED CHRisfiAN CHURCH OF GOD - AMAZING GCE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 NOTES TO THE ACCOUNTS 17. STAFF NUMBERS The average number of employee durlng the year was as follows Year ende 31-Mar 2026 No. Year ended 31-Mar 2025 No, Pastoral Charity administratlon Total No employee recelved remuneratlon amountlng to more than £50,000 In the year. 18. INVESTMENT INCOME RENTAL INCOME ACCOUNT Year ended Year ended 31-Mar 2025 31-Mar 2026 Rental Income from Church Flats Less mortgage interest Rental Income after interest Expenditure Management Fee Legal fees Letting fees Repairs & maintenance Councll rates 63,735 3,697 60,038 55,802 14,555 41,248 6,220 754 432 16,400 688 6,078 144 1,800 9,465 330 Insurance Safety checks Cleanlng Council rates utiSlties Total expenditure 320 334 1,623 50 26,501 302 18,439 Net Rent41 Income 33,536 22,809 19. RELATED PARTY TRANSACTIONS Durlng the year, the church pald Instltutlonal grants to other RCCG organlsatlons such as the World Evangelism Mission as stated In note 7. 20. OTHER GRANTAf4D INCOME RECEIVED Durlng the year In report, the charlty recelved a sum of £,046 as Insu rance clalm recovery for the repalr of the part of the church roof damaged by flood. The affected areas have slnce been repalred. Page 15
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2026 NOTES TO THE ACCOUNTS 21. ANALYSXS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS: CURRENT PERIOD Unre5trlcted Restncted Total Funds Funds Funds 2026 2026 2026 Tanglble fixed assets Current assets Creditors amount falllng due wlthin one year Creditors amount falllng due after more than one year Movernent between funds 116,475 949,325 610,312 18,938 12,500 1,065,800 629,250 12,500 415,755 -415,755 1,130,042 552,508 1,682,550 ANALYSIS OF NET ASSETS BETWEEN FUNDS: PRIOR YEAR Unrestrlcted Restdtted Total Funds Funds Fundg 2015 2025 2025 Tangible flxed assets Current assets Creditors amount falling due wlthin one year CdItorS amouni falllng due after more than one year Movement in between funds 93,876 431,215 37,943 879,582 24,522 973,460 455,737 37,943 45,354 45,354 319,115 -319,115 806,265 539,635 1,345,900 21a. MOVEMENT IN FUNDS The total funds at the end of the year represent the total value of the charlty net assets. Thi5 conslsts of total values of flxed assets and currents assets less total value of current Ilablllties and the long term liabilltles. The trustees have res05ved to adjust the presentatlon of fiJnds between general unrestrlcted and restrlcted funds as shown in the statement of financlal artlvltles. 22. NET INCOMING RESOURCES/(RESOURCES EXPENDED) Year ende¢J Year ended Thls 1$ Stated after charging 31-Mar 2026 31-Mar 2025 Depreclatlon of tangible assets owned by the charity Accountant's fees 103,287 12,500 58,053 9,600 23. VALUE OF BUILDINGS The Charlty current holds a portfollo of 9 properties In Hull and the value held for the properties In the account are elther c05t of bulldlng the property or the actual purchase price as the case may be. Page 16