REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)
RESTORATION HOUSE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CHARITY NUMBER . 1123579

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)
RESTORATION HOUSE
TRUSTEES:
PASTOR MOHAMMED DELE ALABI
MRS SIMISOLA KAREEM
MR OLUFEMI PATRICK OMOYA
MINISTER IN CHARGE
PASTOR OLURANTI AJAYI
CHARITY REG NO.:
1123579
BANKERS:
LLOYDS TSB BANK
14- 20 POWIS STREET
WOOLWICH
LONDON
SE18 6LF
ACCOUNTANTS:
ETERNAL EXCELLENCY LIMITED
(Chartered Certified Accountants )
20 ELMBOURNE DRIVE
KENT
DA17 6JF

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)
RESTORATION HOUSE
TABLE OF CONTENTS
I) TRUSTEES REPORT
2) EXAMINERS REPORT
3) INCOME AND EXPENDITURE ACCOUNT
4) BALANCE SHEET
5) NOTES TO THE ACCOUNT

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)
RESTORATION HOUSE
TRUSTEES, REPORT (CONTINUED)
Statement of Trustees, Res
onsibilities
The Charities Act requires the Trustees to prepare financial statements for each financial year
which oive a true and fair view of the state of affairs of the charity and of the surplus or
deficit of the charity for that period. In preparin(y these financial statements, the trustees are
requested to:
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable accounting standards and statements of recommended practice
have been followed, subject to any departures disclosed and explained in the financial
statements;
Prepare the financial statements on the cyoing concern basis unless it is inappropriate to
presume that the charity will continue in opei'ation.
The Trustees are responsible for keeping proper accounting records, which disclose with
reasonable accuracy at any time the financial position of the charity and LO enable them to
ensure that the financial statements comply with the Charities Act. They are also responsible
for safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Trustees
The members of the trustees during the year were:
PASTOR MOHAMMED DELE ALABI
MRS SIMISOLA I(AREEM
MR OLUFEMI PATRICK OMOYA
roval
This report was approved by the board of trustees on the ................and si(yned on its behalf
by:
IL(
PASTOR MOHAMMED DELE ALABI
DATE

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Independent Examiner's Report to the Directors of "The Redeemed
Christian Church of God (RCCG) Restoration House '
I report on the accounts of the Charity for the year ended 31 March 2025, which are set out
on pages 07 to 11.
Respective responsibilities of trustees and examiner
The charity's directors are responsible for the preparation of the accounts. The charity's
directors considerthat an audit is not required for this year under section 476 of the Charities
Act 2006 (the 2006 Act)) and that an independent examination is needed.
It is my responsibility to:
examine the accounts (under section 145 of Charities Act 2011;
to follow the procedures laid down in the General Directions given by the Charity
Commissioners (under section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the
Charity Commissioners. An examination includes 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 directors concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and consequently I do not express
an audit opinion on the view given by the accounts.
Independent 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 requirements
to keep accounting records in accordance with section 386 and 387 of the 2006 Act;
and
to prepare accounts which accord with the accounting records and comply with the
accounting requirements of sections 394 and 395 of the 2006 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Olufemi Oguntunde FCCA

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION HOUSE
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31ST MARCH 2025
i otai
Funds
2025
i otai
Funds
2024
Unrestricted Restricted
Funds
Funds
Notes
Incoming Resources
Incoming Resources From Donors
68,908
68,908
64,368
Other Voluntary Income
Total Incoming Resources
68,908
68,908
64,368
Resources Expended
Church Administration and Ministry
61,892
61,892
65,994
Church Management
5,020
5,020
7,400
Total Resources Expended
66,912
66,912
73,394
Net Income (Outgoing) For The Year
1,996
1,996
(9,026)
Yet Movement In Funds
Total Funds As At 1st April
195,854
195,854 204,880
Total Funds As At 31st March
197,850
197,850 195,854

ED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION HOUSE
BALANCE SHEET AS AT 31ST MARCH 2025
NOTES
2025
2024
Frxed Assets
Tangible Assets
360,000
371,250
Current Assets
Bank
45,460
36,995
Other Debtors
Current Liabilities
Creditors & Accruals
1,000
1,000
Long Term Liabilities
Debt due after 1 year
206,610
211,391
Net Assets
197,850
195,854
Reserves
197,850
195,854
IL
Pastor Mohammed Dele Alabi
Date

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION HOUSE
NOTES TO THE ACCOUNT FOR THE
FOR THE YEAR ENDED 31ST MARCH 2025
1)
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention and
in accordance with applicable accounting standards, the Charities SORP (Statement of
Recommended Practice.. Accounting and Reporting by Charities (revised February
2005) )and the Financial Reporting Standard for Smaller Entities (effective April 2008)
1.2 Fund Accounting
Unrestricted funds are general funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the church and which have not been
designed for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by the donors or which have been raised by the charity for particular purposes.
1.3 Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the
church is legally entitled to the income and the amount can be quantified with
reasonable accuracy. Income is deferred only when the charity has to fulfil conditions
before becoming entitled to it or where the donor has specified that the income is to be
expended in a future period. Therefore Tithes, Offerings, Donations and similar
Incoming Resources are included in the year they are receivable, which is when the
Charity becomes entitled to the resources.
1.4 Resources Expended
All expenditure is accounted for on an accruals basis and have been included under
expense categories that aggregate all costs for allocation to activities. Where costs
cannot be directly attributed to particular activities they have been allocated on a basis
consistent with the use of the resources. The Charity is not registered for VAT and
expenditure are are accordingly reflected gross of irrecoverable VAT.
Governance costs are those incurred in connection with administration of the church
and compliance with constitutional and statutory requirements. Grants payable are
charged in the year when the offer is made except in those cases where the offer is
conditional, such grants being recognised as expenditure when the conditions attaching
are fulfilled. Grants offered subject to conditions which have not been met at the year
end are noted as a commitment, but not accrued as expenditure.
1.5 Tangible Fixed Assets and Depreciation
angible fixed assets are stated at cost less depreciation. Depreciation is provided at
rates calculated to write off the cost of fixed assets, less their estimated value, over their
expected useful lives on the following bases:
Church and Office equipment- 25 % straight line

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION HOUSE
NOTES TO THE ACCOUNT FOR THE
FOR THE YEAR ENDED 31ST MARCH 2025
2025
2024
2)
Income From Donors
Tithes & Offerings
68,908
64,368
68,908
64,368
3)
Other Voluntary Income
Other Income
Gift Aid
4)
Church Administration & Ministry
Church Outreach
Transportation Expenses
Stationeries & Printing
Training
Depreciation
Donations & Welfare
Other Church Running Expenses
Mortgage Expenses
Stipends
12,922
839
1,365
1,230
11,250
3,261
6,642
18,383
6,000
10,265
812
744
701
11,250
1,784
14,905
19,033
6,500
61,892
65,994
5)
Church Management
Accountancy fee
Central Office Subscription
1,000
4,020
1,000
6,400
5,020
7,400
10

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION HOUSE
NOTES TO THE ACCOUNT FOR THE
FOR THE YEAR ENDED 31ST MARCH 2025
6)
Tangible Fixed Assets
Fixtures &
Fittings
Total
Building
At cost
Gross Book Value
Additions at cost
Disposals at cost
At 1 Apr 2024
465,180
15,180 450,000
Gross Book Value
At 31 Mar 2025
465,180
15,180 450,000
Depreciation
Depreciation
At 1 Apr 2024
Depreciation Charge for the year
Depreciation on Disposal
93,930
11,250
15,180
78,750
11,250
Total Depreciaton
At 31 Mar 2025
105,180
15,180
90,000
Net Book Value
Net Book Value
Net Book Value
At 31 Mar 2025
At 31 Mar 2024
360,000
371,250
360,000
371,250
7)
Creditors & Accruals
2025
2024
Accruals
1,000
1,000
1,000
1,000
8)
Long Term Liability
2025
2024
Mortgage ALcount
206,610
211,391
206,610
211,391
9)
Reserves
2025
2024
Balance blf
Surplus for the year
195,854
1,996
204,880
(9,026)
Balance c/f
197,850
195,854