THE REDEEMED CHRISTIAN CHURCH OF GOD
LIGHT HOUSE PARISH
Charity reg. no 1126652
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2023
Page I

THE REDEEMED CHRI￿AN CHURCH OF GOD
UGHT HOUSE PAFUSH
CONTENTS
Referen￿ and admlnistrative details of the charlty
Trustees, report
Independent examiner's report
Statement of financial attlvltles
Balance sheet
10
Notes to the financial statements
11-14
Page 2

THE REDEEMED CHRisfiAN CHURCH OF GOD
LIGHT HOUSE PARISH
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND
ADVISERS FOR THE PERIOD ENDING 31 DECEMBER 2023
Trustees
Pastor Davld Sola Oludoyi
Mr. Sunday Adewole Afolabi
Mr. Michael Davies
Deacon David Awojobi
Charity registration
Number
1126652
Principal Office
43 West Street
Banbury
Oxford
OX16 3AH
Pastor in charge
Pastor Abraham Adegoke
Accountant
Resource Management Consultants Ltd
Chartered Certified Accountants
46 Hollywood Way
Erith
DA8 2QE
Bankers
HSBC Bank PIC
65 Cornmarket
Oxford
Oxfordshire
OXI 3HY
Page 3

THE REDEEMED CHRisfIAN CHUR￿ OF GOD
LIGHT HOUSE PARISH
TRUSTEES, REPORT
FOR PERIOD ENDED 31 DECEMBER 2023
The Trustees submit their annual report and the financial statements of The
Redeemed Christian Church of God Light House Parish (the charity) for the year
ending 31 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 30th September 2008 and is
registered in England and Wales with charity number 1126652.
APPOINTMENT OR ELECTION OF TRUSTEES
Trustees are appolnt&J and or co-opted under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEE'S
The induttion process for a newly appointeLI trustee comprises an initial meeting
with the Chair and other Trustees, followed by short meetings with the Parish
pastor on the powers and responsibilities of the Trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the Trustees meet regularly to manage its affairs.
The Parish pastor manages the day-to-day administration of the church.
RELATED PARTY RELATIONSHIPS
RCCG Light House Parish 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.
OBJEcfs AND ACTIVITIES
The principal object is the advancement of Christian faith worldwlde and the relief
of poverty. To promote any charitable activlty for the benefit of the local people. To
achieve its objectives, the church adopted the following strategies:
Running seminars in the church wlth proven ministers of the faith to guide
members in the various aspett of Christian faith,
Support for other chariti&s and Christian events,
Providing overseas aid and famine relief, and
Involving in economic and community development
Page 4

THE REDEEMED CHRlSfIAN CHURTh OF GOD
LIGHT HOUSE PARISH
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
The attivities for achieving its objettives include:
Communlty Outreach events
Conferences and events
Welfare support to members and general public, and
Various missionary activities
GRANT MAKING POUCY
The church supports visiting ministers of the gospel both within and outside the
United Kingdom. Support is also given to RCCG Central Office, World Evangelism
Mission, Festival of Life and other RCCG Programmes. The church supports other
chariti&s and missionary that shares its obJ￿S in advancement of Christian faith
and relief of poverty. The church gives occasional grBnts to congregational
members who are in need.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who are involved in
providlng services for the charity. It is estimated that over 2100 hours are provided
by volunteers during the year. If this is conservatively valued at £8.50 per hour,
the volunteer's effort will amount to over £17,850.
REVIEW OF ACTIVITIES
The church continues to enjoy tremendous growth in its physical and spiritual life
during the year, and in the advancement of Christian faith in accordance with the
doctrines set out in the Statement of Faith as contained in our trust deed.
PUBLIC BENEFITS
The church's Sunday and mid-week servlces are open to the public to build on their
Chrlstian faith. Apart from its Church activities, the charity was involved in the
following public benefit efforts:
The charlty also sponsored a 6-month gym membership for chilttren, women,
and men from BAME community as part of its obj'ective of keeping everyone
healthy.
We also organiseJ sewing classes for women in our community as a means
of empowering the women.
The charity runs a monthly football game for the men In the community.
The church organised a soup kitchen for the less privileged in Bansbury,
The church held outdoor evangelism and open crusade and gave out free
bottled water as an expression of the love of Christ.
Our efforts are geared towards supporting the programmes of our local council,
promoting cohesion in our community, and positively impacting the lives of the
young people and the elderly.
Page 5

THE REDEEMED cHRI￿lAN CHURCH OF GOD
LIGHT HOUSE PARISH
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
INVESTMENT POLICY
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 ￿n￿Stricted and uncommitted funds (free reserves)
to cover 3 to 6 months of resources expended. They feel that this would enable the
current activities 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 below the policy range, but the
Trustees are continuing to seek additional unrestricted funds.
PRINCIPAL FUNDING
Funding has been provided mainly through tithes and offerings by church members
and through gift ald, Pledges are also tsken for specific projects.
FUTURE DEVELOPMENT
The charity is in the process of leasing a buildi ng which will enhance her abi lity to
fully run her activities in the community. The charity has plans to run soup kitchens
for the homeless, exercise room to help people keep fit and prevent obesity, after
school clubs and children cent￿S amongst others.
The charity contlnues 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 life-changing impact in society.
Page 6

THE REDEEMED CHRIsfIAN CHURCH OF GOD
LIGHT HOUSE PARISH
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and financial
statements in accordance with applicable laws and regulations.
Charity law requires the Trustees to prepa￿ financial ststements for each financial
year, Under that law the Trustees have elected to prepare the financial statements
in accordance with the United Kingdom Generally Accepted Accounting Prattice
(United Kingdom Accounting Standards and applicable law). The financial
statements are required to give a true and fair view of the stste of affairs of the
charity ano of the surplus or deficit of the charity for that period. In preparing these
financial statements, the Trustees are required to..
Selett suitable accounting policies and then apply them consistently;
Make judgement and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern 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
Att 2011. They are also responsible for safeguarding the assets of the company
and hence taking reasonable steps for the preventlon and detection of fraud and
other irregularities.
The appended financial statements have been prepared on the accruals basis and
have been examined by an independent examiner, whose report is also appended.
Approved by the Trustees on If September 2024 and signed on thelr behalf by:
Pastor D Sola Oludoyi
Trustee
Mr. Michael Davies
Trustee
Page 7

THE REDEEMED CHRIsfIAN CHURCH OF GOD
LIGHT HOUSE PAFUSH
INDEPENDENT EXAMINER'S REPORT
FOR PERIOD ENDED 31 DECEMBER 2023
TO THE TRusfEES OF TrIE REDEEMED CHRISTIAN CHURCH OF GOD UGHT HOUSE
PARISH
I report on the accounts of the charity for the year ended 31 December 2023 which is
set out on pages 8 to 13.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The chartty's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not requiral for this year under section 142(2) of the
Charities Act 2011 and that an independent examination is needed.
It is my respgnsibilÈty to:
examine the accounts under section 145 of Charities Att 2011.
follow the procedures laid down in the General Direttions given by the
Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
state whether particular matters have come to my attention.
BASIS OF EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Directions given by the
Charity Commission. 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 trustees concerning any such matters, The procedures
undertaken do not provide all the evidence that would be required in an audlt, 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
trustees have not met the requirements to ensure that:
proper accountlng records are kept (in accordance with section 41 of the Act);
and
accounts are prepared which agree with the accounting records and comply with
the accounting requirements of Act. or
(2) to whlch, 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: Xl, September 2024
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD - LIGHT HOUSE PARtSH
STATEMENT OF FINANCIAL AcfIviTIES
FOR YEAR ENOED 31 DECEMBER 2023
unrestrlcted
Re5trftted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
Notes
INCOMING RESOURCES
Donations, legacies & similar incomlng resol 2
Attivities In furtherance of charity's objett
Investment
Other income
Total Incoming resources
244,644
5,754
1,645
5,000
257,043
244,644
113,254
1,645
5,000
364,543
169,261
25,047
107,500
6,796
201,105
107,500
RESOURCES EXPENDED
Charitable expenditure
Grants payable - individual
Grants payable - instltutlonal
Costs of actlvities in furtherance of
charities objerts
Management and governance costs
Total resources expended
6,633
22,089
6,633
22,089
9,125
12,793
203,605
2,620
234,947
21,703
225,308
2,620
256,650
159,227
2,190
183,335
21,703
Net (outgolng)/lncoming ￿sourceS for year
22,096
85,797
107,892
17,770
Total funds at the start of the year
42,775
9,995
52,770
35,000
BALANCE AT END OF YEAR
64,871
95,792
160,662
52,770
Movements In reserves and all recognlsed and losses are shown above
The charity's Incomlng resources and ￿$OUrceS expended all relate to continuing actlvltles.
Page 9

THE REDEEMED CHRisfIAN CHURCH OF GOD - LIGHT HOUSE PARESH
BALANCE SNEEr
AS AT 31 DECEMBER 2023
Notes
2023
2022
FIXED ASSETS
Tanglble Fixed assets
io
11,423
2,939
CURRENT ASSETS
Cash and bank balances
Debtors
li
148,340
3,050
151,390
50,981
200
51,181
12
LIABILITIES
Creditors
Amount due In less than 12 months
Amount due after one year
13
2,150
1,350
2,150
1,350
NET ASSETS
160,662
52,770
CHARITY FUNDS
General
unrestrlcted
General
restrlcted
TOTAL FUNDS
Id
64,871
95,792
160,662
42,775
9,995
52,770
le
The aeeounts have beer> prapared In accordance with the special provision of Statement of Recommended Practice:
Accounting and Repo￿n9 by Charitle5 (SORPI Issued March 2005 as modffled for smaller charities
Approved by the Tnjstees on
14 September 2024 and signed on their behalf by:
Mr Mlchael Davles
Trustee
Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD - LIGHT HOUSE PARISH
NOTES TO THE ACCOUNTS
I. ACCOUNTtNG POLICIES
lal The accounts ara prepared under the historical cost convÈntlon and in accordan￿ Mth appllcable accounting
standar(Js. They follow best practice as set out in the Ststement of Recommended Prattice: Accounting and
Reporting by Charitios ISORP) issued March 2￿5 as modified for smaller tharltles.
(b) Income an(J expendlture is aecounted for on an accruals basis.
Icl Frxed assets comprise furn￿re and èquipment and musical equipment and have been costing more than £ICM).
Tanglble flxed a55ets are statÈd at cost le55 depreciation. Dep￿LatiOn Is providéd at rates calcul8ted ￿ write off
the cost of fixed assets, less their estimated residual value, over thèir expetted usthl lives on the following bases..
Musical equipment
25010 reduclng balance
Furniture and fittings
250kn reducing balancé
Computer equipment
25% reduong balance
Motor Vehicles
25% reducing balance
Id) Unrestrirted funds are incoming resources recelved for thè tsbjects of the charlty without further 5pectfied purpose
and are available a5 general fund5.
{e) Restritted fun¢$ a￿ subject tr) restrictions on their expendlture Imposed by their donors.
un￿￿tte￿
Restrittéd
Total
Total
Funcjs
Funds
Funds
Funds
2023
2023
2023
2022
2. DONATIONS, LEG4CIES AND SIMILAR INCOMING RESOURCES
Collectlon and other donations - Gift Aid
Tithe
Collectlon at all servlces
Other donations
38,708
136,573
68,099
1,264
244,644
38,708
136,573
68,099
1,264
244,644
38,816
102,698
20,312
7,434
169,261
3. AcllvITtES IN FURTHERANCE OF CHARrrvs 08JE
Book Sales
Donatlons
492
5,262
492
10,865
21,686
80,211
113,254
80
5,189
19,779
5,603
21,686
80,211
107,500
Retreat Fees
Building Fund
5,754
25,047
4. INVEsfMENT
Interest recelved
1.645
1,645
5. OTHER INCOME
Grant - HMRC'S Employers, NI rebate
Christmas party & donation to needy
5,000
5,000
4,381
2,415
6,796
5,000
5,000
Page 11

THE REDEEMED CHRIsfIAN CHURCH OF GOD - LEGHT HOUSE PARISH
NOTES TO THE ACCOUNTS
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
6. Grants payable - indivldual
Individual welfare
6,633
6,633
9,125
7. Grants payable - Institutional
Charitable glvlng -UK
Charitable giving -overseas
Total
22,089
22,089
12,793
22,089
22,089
12,793
List of institutional grants payable
RCCG WEM
World Evangelism
RCCG Central Offi
Central Office Support
Festival of life
Missions
Evangelical Alliance
Support to Charities
RCCG Camp ground
Missions
RCCG Missions & Others
Missions
Total grant payable - institutlonal
8,731
2,220
900
600
4,500
5,138
22,089
8,731
2,220
900
600
4,500
5,138
22,089
8,321
1,640
900
600
1,332
12,793
8. COST OF AcfIvITIES IN FURTHEPANCE OF CHARrrY's OBJECTS
Special programme & visiting speakers expenses
Seminar and conferences
Travel and subsistence
Hall hire, rent & rates
Muslc, Ilturgy & church gmup
Worship cost & church occasion
Staff Cost
15,339
1,650
13,380
16,041
2,852
2,944
68,124
7,367
2,121
2,143
7,127
2,490
3,808
1,126
3,252
426
6,373
6,420
568
9,835
12,808
15,339
1,650
13,380
16,041
2,852
2,944
68,124
7,367
2,121
2,143
7,127
8,093
3,808
1,126
3,252
426
6,373
6,420
568
9,835
12,808
16,100
17,410
225,308
8,004
3,194
4,568
11,481
3,351
52,316
2,609
1,418
4,854
18,082
5,684
4,368
1,654
2,446
487
Other staff costs
Telephone & internet
Printingi PQStage, statlonery and publlclty
Motor expenses
Tralnlng, mission & evangellsm
Depreciation
Insurance
Repair & maintenance
utilities & water blll
Welfare & hospltallty
IT Consumables, su bscrlptlon & charity expenses
Bank charges
Admln and office expenses
Community Projett - Love Christmas
Retreat & Dues
Vehicle finance charges
5,603
832
840
7,369
1,362
24,309
16,100
17,410
203,605
21,703
159,227
Page 12

THE REDEEMED CHRtSTtAN CHURCH OF GOD - LIGHT HOUSE PARISH
NOTES TO THE ACCOUNTS
Unrestrfcte¢J
RestrScted
Total
Totsl
Funds
2023
Funds
Funds
Funds
2023
2023
2022
9. MANAGEMENT AND GOVERNANCE COSTS
Admin & Office expenses
Professlonal fees
Examinerfs fees - accountancy
470
2,150
2,620
470
2,150
2,620
840
1,350
2,190
10. TANGIBLE FIXED ASSETS
Furniture
& Fittings
Motor
Vehicle5
Musical Computers
equlpment & projectors
Total
31-Dec
2023
Total
31-Dec
2022
Cost
At l January 2023
Addltlons
At 31 December 2023
9,195
2,466
11,661
8,050
6,007
7,382
13,389
6,843
2,444
9,287
30,095
12,291
42,386
30,095
8,050
30,095
Depreciation
At l January 2023
Depreciatlon for year
At 31 December 2023
9.195
617
8,050
4,533
2,214
6,747
5,378
977
27,156
3,808
30,964
22,788
4,368
27,156
9,812
8,050
6,355
Net book value
At 31 December 2023
1,849
6,642
2.931
11,423
2,939
At 31 December 2022
1,474
1,465
2,939
2,939
11. CASH BALANCES
Year ended Year ended
31-Dec
31-Dec
2023
2022
Cash in hand
Bank balance
148,340
148,340
50,981
50,981
12. DEBTORS
Year ended Year ended
31-Dec
31-Dec
2023
2022
Loans
3,050
3,050
200
200
Page 13

TFIE REDEEMED CHRISTIAN CHURCH OF GOD - LIGHT HOUSE PARtSH
NOTES TO THE ACCOUNTS
13. CREDITORS
Amount falling due withln 12 months
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Trade creditor's due within 12 months
Accrual: accountancy fees
Staff Salary
2,150
1,350
2,150
1,350
14. RELATED PARTY TRANSACTIONS
Durlng the year, the church paid institutional grants to other RCCG organlsations such as the
World Evangellsm Misslon as stated in note 7.
15. STAFF COST AND NUMBERS
Staff costs were as follows
Year ended Year ended
31-Dec
31-Dec
2023
2022
Wages and salarles
Soclal security costs
Penslon costs
61,426
5,272
1,427
68,124
46,760
4,381
250
51,390
Year ended
31-Dec
2023
No.
Year ended
31-Dec
2022
No.
The average number of employee during the year was as follow5
Pastoral
Charity administratlon
Total
No employee received remuneration amountlng to more than £50,000 In the year.
16. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
Year ended Year ended
31-Dec
31-Dec
2023
2022
Thls is stated after charglng
Depreciatlon of tangible assets owned by the charity
Accountant's fees
3,808
2,150
4,368
1.350
Page 14

Row Labo15
ADMIN EXP
BANKCHARGES
BBS LOAN REPAYMENT
FEES INCOME
HMRC HOLDING
HMRC REFUND
HOLDING FEEGHP
INSURANCE- PII
PROFESSIONAL FEES -TJ
PURCHASES
RMCL TRANSFER IN
RMCL TRANSFER OUT
Grand Total
Sumofvalue
240.40
40.60
511.08
15.698.40
6.850.43
6,410.43
2.100.00
176.28
1,972.60
4,000.00
1,800.00
5.350.00