REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) - ALIVE CHAPEL (REGISTERED CHARITY NUMBER - 1125761) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024. Content P2gL .1 rustces iknAuJl ReEXTrrt 2-.3 l.'xamin¥r's RLp)rt -%ra(cmen( of l.inan(ial ,.Ictii'iti(s Ba12È3CL .%hLII Nntes to the,.Iccounts Redeemed Christian Church of God (RCCG)- Alive Chapel Trustees knnual Report For The Year Ended 31 December 2024. RL'dLLmed C'hristian (.Thur¢h c)E CtcKt (RC.I"C") . xilii'c l)asrc)r li'inkr dii'f ILachsn¥ and ¢ducirknx memjx'rs ￿'Irh rhc. kn(M'ILxI¥L" (jf Cii)d 'I'() (-hnsri?n rarc 2n(t ￿'¢lEarL.￿l) ail mctnlKrs c)F rhc cc)tnmunin' ir (kLms nLCCS$41ri. "Lo orhnntse chddTrn 2nd i'nuth Jctititsc% ta prom(xe (amd!" I￿U¢$ and units in thL Cl)ur%e of dei"eloping dLLpLr Spirit￿2[ - l o Pfm-ide hr)%pinliTh- tc) i'isiring tninisrer4 and pr(y)nenr4 (Trf thc gr)￿1 - K¥'(Trrk in ci)-l)PLYati()rk wÉth othLY (￿rIstian ()rkwis21ii)ns and surqK)rt l￿'eno$ simtlar (]Iristian aim% 4 nd r>bjcctti-c 'll)L' rLIILf ()f p()l-Lrti' the X i had rrL'tnLndr)U5 %UCCLS5 in our ?11??.Innual pruyams for dic church it) thL.4lon' of Cyixl. IILrnEK'r5 incrc#5Ld JuriiiR thL I'Lkr In Januin. ?112111-L Yi%itcd fLU- cifL h()mL% in thL' 11 iyan c<)mmunKn" and shLItLr b"kL thL Hricks ￿'1th xttt% dc)nati()n%. KK'C are n()M' c>ffi£J141 p2rtner4hip M'ith Bricks Il'ith yuaricrh- suprKIrt. "Ihe men'% ivirtg Thf the church held theit 2nnu21 c(mF¢rencc in .lJxil J? 121 bi. Iniiting bebth'cts and n(}n-beh￿.er£ tn free he￿th chLcks (In111￿)￿ I'rL%%urL. su%ar Il￿'cl and utinL ILSI or￿￿1￿.￿ b!. the d(Krots xti thc church.'IhL r(TrlL uf mLn in Lnhancinky and t nd prL'SLn'inK 141mil!' i'alu ￿.￿$ di%cu%gcd. In IhL m()nth c>f Juli, c(hhok%ted ￿][h other churche4 tn IX igan. the knuth Ikorean5 u-ho came t(> IX ()n a 2-th'¢ek missinn41n' I1521. ()ur church bus ser4.ed as a M￿n* of tranS[￿tiOn thL communiry. 2nd bTh'ond. C)ur church f)rganiscd IX Igan l'ou￿% fi>r ("hrist and (.(>mmunin' YK121 dm'cl(Trpmcnt 2119 in Nni'cmber. ..In ci"cAt thai crcato (Ipp()riunJt!" Ir) Nilk t(Tr !"1)uths ii-hl) JltL' Jnrc> drwj 11ci)l)c>l and pnLmirital sLN. %()cial mLxlJa ch￿1¥￿￿% iVLr¢ dL.llbL.rat¢￿. The Jlnnuil l.Ixnmunitt- (.()nterence iiis h¢lLI in ()r[()￿r 21119 uith the theme ' Tl IF. R()I.F. ()F IY'()111.-.XI tN .1 K..INL S1.'1)ILIIIN(I ()L K (-C),II.IIL-NI-II'- li 2n ￿￿-L￿[ E()r ii-umL'n t() kn()Iv their rdLTh'2nce 2nd rcspnn%ibdirie5 in transFnrmillkr nur cc)tnmunin'. (n %PilL (bf the C.<)i-id-19 chil Ilengcs, cnntinue during the curreni r Mith (bur ch14 ritablc ac(ii-itics iirrualli. iir]d ph!TJCif Ill- In line 114th the l.ni'id-l J prorncol. IX c launched a (.oi'id-l ) rdiet %upwll based on rccciicd fmm cnmmunin. funds (L K). II'L IkL'fL' IblL t£) c2tLr Ii)r a￿)ul IIKI.plus KK'ithin i)ur ci)mmunili' ￿'h() 2fL l)1 .IlricaN,l%[th, (￿ribbLan JL￿c1]I And hi)m¢less inLlii'idual In ()ur c()mmunir*. 'IhL'I TU.%tLX.% JtL' rL'%p()n%iblL' t()r pr¢pstrin¥ thL l-uwjtial %[atLYn￿ts fr)r IhL. financtal P-ri￿ ￿'hICh shr)uld xii'L' 1 cIL*r i'lL'lI- (It th¢ statL' l?f 1if11r% (Trf ThL' charEN'. In prep&2rinx thL'%e fuJanctai.4Lltemeni4 thL"Iru4iees 2re required EQ sclcrt suit2blc 2ccountinR po]icies *id 2pph. then accordingli. .IlaLL jUd￿mentS and L%fimate% thAI arL' r¢￿%1)nable and prudent Th¢ ttu%rL'L* afL' tLT)r)n%iblL. fi>t LL'Lpinb' pr(JPLY a¢a)uNi￿ rLrcirLI.s ￿.hICh Jiscl(3SL with r￿￿A)n#bk. accura¢i' at &1T]!' time Ihe fin1ncI21 [￿[ti￿n (Trf the chaftn.. 'IhL trustL'L8 2fL fL%FX)osiblL Eor ￿L%U2tJinX tbt asstts vf thL" ch>rin' and for r2LtJ¥ tL&%(?nabk %tcps fut thL prci-Lntion nf fraud and trrcgu12ritic 'lTh¢'l-wstLL* hai'¢ d¢ciared that ihe!. hai'¥ appr()i'LYJ the inLsrLYs r¢p)rt aE¥)i'e. .%i8ncd ()n Hchaif nf Ihc I'h1i rin."frustecs Si¥n¢d D2tL' TI&GI EwJprf•iy4 F¥ld-eltr Redeemed Christian Church of God {RCCG) - Alive Chapel Independent Examiner's Report on the Accounts For The Year Ended 31 December 2024. I reTX)rt on the accc)unts of thc Kcdccfflcd th"srian Church of CJIMI (R("CC-)- ilh.lc (Jiapd %¢¢ i)ut (Trn p￿LS 5 - cti on81 ilities of the Trnstee and the Examiner It is rlie refp(1rt%sbilJn- rif Ihc tru%tccq tn mainr.iin prfiP￿ bnnk% 2nd rcc()rds prctnrc 2ccounLS. ThL trusiLLS cunsidLt thai an audit n()t rLyuirLxl l(x (L-"tsLlcr SLttivn 14411 (Tr( thL (.ThatiliL'S..Ict 21111 (thv ?iTri l ..Ict) and that an Jndetth(lent vAamJnaticm is ntrdeil. li is mi rLsp(m%ibJlin' Iv: cNJmini the xccnunts uftdcr Section 14) ()f the I ,.Ict t(> fi)lli)ii' thL pr(Kcdurcs kn"d doii'n thL"s (j(￿er￿1 DArccti()os ￿l'en ￿. the (knti. (A)¥nfftissio)ncr (UnaL'r.￿.Ct]()rt 14)()Ilb) (>f the IY).3 Ilc¢ and to stalc wh¢ther particular matt¢rs hatc com¢ to m!" attcnN) of the Inde ndent Examiners Is" eY1mJn1tinn carricd out in i1ccord1nCC ￿1th thc geTKY21 difectifm 8iiTn bi- the (Th Arin. C(￿1¥￿1￿¥1{)1I. Iln LKgmtnati()n includLS thc rLI'ILli' (II thL accnuntinx recnrds ktpi b!. the ch2riTh' and a comparison of thc Icc()unts PrC￿CntC￿I ii-lrh thr?K rLry)rdE. It alsii IncludL% ci>n%iderau(m nFani' unu%ual items ffi diido8ure8 in the accowiis and seeking exp12nati(m From rhc trusrccs ¢c)ncc'ming ani such maucrs. "EhL PTocLdutL'% undertAk"en do nni prniide au the cl￿enCL that wY)uid be ttyuired in 3ni' audit and ciTrn%L'qUL'ntli' I d() n(Jt LYPfL*S au41it Iyinitm t)n ￿. i'lLW.g1i'L￿ ￿. thL acci)uni lrt c()nrtLCtif)n ii'ith mi. L.X41miniii(In. ni) mattcr has come to rni. attcnti(m . iilhich xii'e% me rL?S1)nabk cau%¥ t() I￿li•.¢ that in an!. maieriaj rL's[￿r the re4uiremtnLS= Ici keep #pprc)pti2te acci)untinbF tec(*d% in 2cc¢)n12nce Mith %Lfti¢in l.W ()t rhe 2n1 l ilct- 2nd rn Pre￿re 1ccnunts iithich accord Miih thl 2ccnuntu¥ record£ 2nd 10 c()mpli" with thL acc{Trunri￿, rL4uifLmLiiis 1)[ IhL ?111 l ..Ici hai'c ni)1 EL'Ln mLI- ()r 2. 11) ￿.hich, in mi. ¥)Pltiiim, arrLnri(In shc)uld bL. dr2wM irl ()rdLf rr) CEtablc a pr()PLY uftdLrstandin¥ (if the accuunts Iv bE r¢ached. %ikmLd= IkbatLindL. 11()sAku '(Trr & I In 1k.hdf c>f= Li'ncasx 1?r()Ec5SiOrtai Scn'icos l)fficL 111, %!'ac Buddin% Ill, ThL 11 iekLr ShLffJcld %.3 MJt) Dale Rcdecmed Christian Church of God {RCCG) - Alive Chapel Statement of Financial ACti￿tieS For The Year Ended 31 December 2024. 2024 2023 Notrs Incoming Resources t)i)nns, I￿￿￿cit.4 ()ther SifflAlar Inci)min% Re%)urce8 IFJtI .1sd IILP2!'mLmt Intcrest Rcccii'cd I l.llli(- (Jrant CJ>uncil CTnnt- f.c)iid l.und Total Incoming Resources 174,X2.? 2<),<)711 1272 214,246 244,261 Resources Expensed I l()ni)uratium 8.47n 11.7iS1 1?6_3 -3.492 14..389 Flotel & ilcc()m(xlati(hn l)Th)IL'%%I()n21 l.LL'S ¥elfArc (?ift 2nd Drinati(￿S Flill l-lir¢..S1£)tllxe &. Re￿1 Prirttin% & PubbcLn' .1 rai'LI &-I ran8P()rt I Ic)spinlsn' Ind RLFnThhmLrt¢S Ind¢pgod¢ni I,'.xaminer lu%Jc liccncc 'litining & D￿"clapMent l)LpfLriaut)rt S11irie% 8,498 7.R9CI 14,11711 6,()()() 12.R?{I -336 7,9111 14.344 461 C?.11111 24 I)()11 1.646 Kcpxi¥s &. .Il&intenance "rclcphi)nc & IntL'rrtL't (.eniral ()ffKe 1,21K) ('h%ntablL t)()natic)ns X'l,'Il (.nnrributsnn dmit)i%iratil'L LxpLn5LS Insurince 19,8T7 14fKI 1.4(V) ?(}) 133,2 1.41?7 (-ILaninL' Total Resoutces Expended IW081 Net Incorning / (Outgoing) Re50UTce5 81,016 140,180 Total Funds Brought Forward 271,933 131.753 Toiai Funds Carried Forward 352,949 Z71,933 Redeemed Christsan Church of God (RCCG)- Alive Chapel Statement Of Assets and iaabijities As Ai 31 December 2024. Notes 2024 2023 Fixed Assets &'I L'clinical F-quipmcnt 338,4?9 .3.jèl,42() 2.12 2.1? Curreni Assets Debic)rs (.ash 21 I4ink & Jn Hatxl 2.IXK) 12.)31 14.)?11 7,(KK) ?()4,71111 ?717110 Creditots Arnount Falling due Th￿thin One year N'et (.utten( .,Igsersl(Jiabiiitiesl 14,i211 Totsl Assets less Curreni IAabilitie$ -lj?,94(J 271.9.32 CreditOES: Amounts Falling due after mote than one year Total Nei Assets 352,949 271.932 Represented by IlccumulaiLxI F'uiid L'.nresiricfLd Inu)fne RL'StriciLd Inry)me -3i2.949 351949 271.933 ThL. I ru¥tL'L'% dLcIAre thai Ihc!. hai"c apwin.ed the arci)untr 31kn"e SwTnLd C)n BLhAllI)IthL, C.haritt. Trustees 3D Darc Prm1Tr4 F￿£ Name Ib%ition Redeemed Cbristian Church of God (RCCG) - Alive Chapel Notes to the Account For The Year Ended 31st December 2024. l Accounting Policies a) General 'ITrLsc ￿￿Ce￿u￿CS hil I'c bccn prcpircd UTKlcr thc hi4inricai cost ci>ni'ention arKE in accordancc ￿'1th Jlcc(>uniinx And RLT)(Trrting bi. (-hariuv*".StarLmvn( (jf ReC(M￿￿endLXI Pracuce Ci()RP 21x15) 2nd apptsc3blc a¢i()untinbT 5t2ndards. b) Incoming Resources tlll matc'nal inci)minkT fE4iurce% hai-e b¥en inclTJJed i Teceii?blts ba%1* i.e. thei. are included if the date rLcLÉI"ablt falls UryEhin the ￿rI(}d cvi.ered these bi account& c) 'ITrLSL hai'L (la%￿rIC￿l u.%in¥ 2 naturgl classificatii)n d) l)LpfLriation L)L'pfL'ClaUI)n his bL'L'n calcut2tLxI to ￿'titL Ik)iim thc o)st cit i-gluJtic)n ICKS estsmatcil rcsidLty] i'a]uc OE #ll t1nxsblc fiycd i*scts ()i"L'r thl￿ cir￿Cted u￿¢ful ]ii'cs on 2 5tr8ighi linc baqis. 11)¢ ipplJc*bk. rarL% itL' ,Ilocnr Vehicle 4°/0 lu.sscal & I'echnical fAiUiPtnLYIt 2 Fixed Assets - Musical & Technic¥J Equipment Building Eq￿pmentS Total % 3( 15r.13nuan- 21124. IlddsrAons Disp()sil As at 31st December 2tr24. 12.81)? l?Xl)2 3il.661 -3i2.i42 .3?1.CIC)I -3CJJ,4.34 DLpfL'CI2ti0n kl% ar Isi Janu14 ri. ?1124. (.hark￿ Echr rhi% peri(Kl I)1￿p()￿lI As at 315t December 2024. 12.fil)n 14,-344 14.1166 278 14,1166 ?7,(K14 Net Ilr)r)K Value at 31st December 2024. As at 31st December 2023. 337,595 834 338,429 232 232 3 Donations, ttgacies and other Sxmilar Incoming Resources 2024 2023 71129 C)FFLring 'I'h2nk%s¥i'in% l)IhL'rs Huildinkk F.und Keturn¢LI ('he4ues -19,4117 4.673 -3,(JB? 9.858 99.IMi 4.{K() 174.823 213.011 Redeemed Christian Church of G(Kl {RCCG) - Alive Chapel Notes to the Account (Cont.) For The Year Ended 31st December 2024. 4 Unrestricted Fund$ 'lliese arc and do￿tiOn rcceii'cd or recciiablc for the Ob￿Ct of the ch2rATh" ￿￿thOut rLStricrion ag to the puqx)K' i)F thL'ir ipplicatiijn 1& g 2rc 2IIi]2blc %LIL'ral fiMMI 5 Tmstees Remuneration, Bener￿ts & Expenses 'I'nisiccs rcccii'cd no rcmuncrntson. bcnchrs 1)r cApcnxs in thxs pcri()d 6 Receipts and Payments Accounts 14ecau* Ihe lei'el c)F irtcimi¢ and Lxptrtdtture Js IxliJii' £IIMI.(MMI.IKI thL gTh)up h2$ C)p[L￿ fi)r 2CC()unts prLrarLYI n recciprs ￿l'MCn1% rarhcr than ccrual bi9*-lThis is in bne ￿'1th tharin. (.ommisioncrs guidclinc ft)r %mill l-harJtiL% 2nd is %CLll 2% m()rL appr¢)priatc for th"g pr()jCCL 7 Debtots "I￿L$L, afL in fL'SPLft (Jf rnoniL￿ oii'cd ro thc orKanis2tK>n bui not rcttii.cd dwinK the accounting pctiud 2024 2023 IAMn g￿nted during thc i-car 2,000 7,0 8 Creditors Amount falling due within a year 2024 20 'EhAfi rcprc.%cnts: UnprL%LnttxI (-hLgUL 9 *Building Cost ThL. Buidift.¥ (A)st (.c)n%i%t 2024 2023 (.1)8t i)E Purcha￿, (K)%r ()t RL'piir (.Apit2lE%e 2j? 7(>1 9XCJIKI 351,661