THE REDEEMED CHRISTIAN CHURCH OF GOD
LIGHT HOUSE PARISH
Charlty reg. no 1126652
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2024
Page I

THE REDEEMED CHRISTIAN CHURCH OF GOD
LIGHT HOUSE PARISH
CONTENTS
Reference and administrative details of the charity
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
10
Notes to the financial statements
11-14
Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD
UGHT HOUSE PARISH
REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY, ITS TRusfEES AND
ADVISERS FOR THE PERIOD ENDING 31 DECEMBER 2024
Trustees
Pastor David Sola Oludoyi
Mr. Sunday Adewole Afolabi
Mr. Michael Davies
Deacon David Awojobi
Charity registration
Number
1126652
Principal Office
7 Glebe-field
Banbury
Oxford
OX16 9SE
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 CHRISTIAN CHURCH OF GOD
UGHT HOUSE PARISH
TRUSTEES, REPORT
FOR PERIOD ENDED 31 DECEMBER 2024
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 2024. The Trustees confirm that the annual report and
financial statements of the charity comply with the current statutory requirements
of the charity's governlng 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 ELEcfIoN OF TRUSTEES
Trustees are appointed and or co-opted under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDucfEoN AND TRAINING OF NEW TRUSTEE'S
The induction process for a newly appointed trustee comprises an initial meetlng
with the Chair and other Trustees, followed by short meetings with the Parlsh
pastor on the powers and responsibilities of the Trustees.
ORGANISATIONAL STRucfuRE 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.
REL4TED PARTY RELATIONSHIPS
RCCG Light House Parish is a parish of The Redeemed Christian Church of God
whlch has parishes all over the world. The parish's relationship with other parlshes
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 rlsks.
OBJECTS AND AcfIvITIES
The principal object is the advancement of Christian faith worldwide and the relief
of poverty. To promote any charitable activity for the benefit of the local people. To
achieve its objectives, the church adopted the following strategies:
Running seminars in the church with proven ministers of the faith to guide
members in the varlous aspect of Christian faith,
Support for other charities and Christian events,
Providing overseas aid and famine relief, and
Involving in economic and community development
Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD
LIGHT HOUSE PARISH
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2024
The actlvlties for achieving Its objectives indude:
Community 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
charities and misslonary that shares its objects In advancement of Christian faith
and relief of poverty. The church gives occasional grants to congregational
members who are in need.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who are involved in
providing services for the charity. It is estlmated that over 2 100 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 splrltual Ilfe
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 mld-week services are open to the publlc to build on their
Christian faith. Apart from its Church actlvlties, the charity was involved in the
following public benefit efforts:
The charity also sponsored a 6-month gym membership for children, women,
and men from BAME community as part of its objective of keeping everyone
healthy.
We also organised 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 CHRISTIAN CHURCH OF GOD
LIGHT HOUSE PARISH
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2024
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 POLICY
The Trustees, policy is to have unrestricted 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 resen4e 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 mernbers
and through gift aid. Pledges are also taken for specific projects.
FUTURE DEVELOPMENT
The charity is in the process of leasing a building which will enhance her ability 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 centres amongst others.
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 life-changing impact in society.
Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD
UGHT HOUSE PARISH
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2024
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 prepare financial statements 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 Practice
(United Klngdom Accounting Standards and applicable law). The financial
statements are required to give 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 preparing these
financial statements, the Trustees are required to:
Select 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 recognlse their responsibilities to keep proper accountlng records that
disclose wlth reasonable accuracy at any time the financial position of the charity
and enable them to ensure that the flnancial statements comply with the Charities
Act 2011. They are also responsible for safeguardlng the assets of the company
and hence taking reasonable steps for the prevention and detection of fraud and
other Irregularities.
The appended financial statements have been prepared on the accruals basls and
have been examined by an independent examiner, whose report is also appended.
Approv
by the Trustees on LcP4July 2025 and sign
dont
ir behalf by:
stor D Sola Olu
Trustee
Mr.M
Trust
hael Davies
Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOC)
UGHT HOUSE PARISH
INDEPENDENT EXAMINER'S REPORT
FOR PERIOD ENDED 31 DECEMBER 2024
TO THE TRUSTEES OF THE REDEEMED CHRISTtAN CHURCH OF GOD UGHT HOUSE
PARISH
I report on the accounts of the charity for the year ended 31 December 2024 which is
set out on pages 8 to 13.
RESPEcfivE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity,
trustees consider that an audit is not required for this year under section 142(2) of the
Charitie5 Act 2011 and that an independent examination is needed.
It Is my responslblllty to:
examlne the accounts under sectlon 145 of Charltles Act 2011;
follow the procedures laid down in the General Directions given by the
Charlty Commissioners (under section 145(5)(b) of the 2011 Art). and
state whether partlcular matters have come to my attention.
BASIS OF EXAMINER'S STATEMENT
My examlnation was carried out in accordance with the General Directions given by the
Charlty Commlsslon. An examlnatlon Includes a revlew of the accountlng records kept
by the charlty and a comparison of the accounts presented wlth those records. It also
includes consideration of any unusual items or disclosures in the accounts and seeking
explanations from you as trustees conceming any such matters. The procedures
undertaken do not provlde all the evldence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a "true and fair"
vlew, and the report 15 Ilmited to those matters set out in the statements below.
EXAMINER'S STATEMENT
In connectlon wlth my examlnation, no matter has come to my attentlon:
( l) which gives me reasonable cause to believe that in any material respect the
trustees have not met the requirements to ensure that:
proper accounting records are kept (In accordance wlth 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 which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Aklntayo Ojo FCCA
46 Hollywood Way
Erith
Kent
DA8 2QE
Date: 5b July 2025
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD - UGHT HOUSE PARISH
ATEMENT OF FINANCIAL AcrtvrrIES
FOR YEAR ENDED 31 DECEMBER 2024
Unrestrlcted
Restricted
Total
Total
Funds
Funds
Fund5
Funds
2024
2024
2024
2023
Notes
INCOMING RESOURCES
Donatlons, legacles & slmllar Incomlng resol 2
Activltles in furtherance of charlty's object
Investment
Other Income
Total Incomlng resources
312,099
27
2,769
5,000
319,895
312,099
37,998
3,902
10,675
364,674
244,644
113,254
1,645
5,000
364,543
37,971
1,133
5,675
44,779
RESOURCES EXPENDED
Charitable expenditure
Grants payable - Indlvioual
Grants payable - institutional
Costs of activities in furtherance of
charities objects
Management and governance costs
Total resources expended
6,216
20,506
6,216
20,506
6,633
22,089
235,888
2,989
265,600
28,511
264,400
2,989
294,111
225,308
2,620
256,650
28,511
Net (outgoing)/incoming resources for year
54,295
16,267
70,562
107,893
Total funds at the start of the year
64,871
95,792
160,663
52,770
BALANCE AT END OF YEAR
119,166
112,059
231,225
160,663
Movements In reserves and all recognlsed and losses are shown above
The charlty's Incomlng resources and resources expended all relate to continulng actlvltles.
Page 9

THE REDEEMED CHFusfIAN CHURCH OF GOD - LIGHT HOUSE PARISH
BALANCE SHEEr
AS AT 31 DECEMBER 2024
Notes
2024
2023
FIXED ASSErs
Tangible Fixed assets
10
9,565
11,423
CURRENT ASSETS
Cash and bank balances
Debtors
11
215,074
8,167
223,241
12
3,050
3,050
UABILrriES
Creditors
Amount due in less than 12 months
Amount due after one year
13
1,550
2,150
1,550
2,150
NEf ASSETS
231,255
12,323
CHARITY FUNDS
General
unrestdcted
General
restrlrted
TOTAL FUNDS
Id
le
119,166
112,059
231,225
64,871
95,792
160,663
The accounts have been prepared In accordance wlth the speclal provlslon of Statement of Recommended Practlce..
Accountlng and Reportlng by Charltles (SORP) Issued March 2005 as modlfled for smaller charltles
Approved by the Trustees on 2J, *Ji July 2025 and signed on thelr behalf by:
Mr Michaeli
Trustee
avies
Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD - UGHT HOUSE PARISH
NOTES TO THE ACCOUNTS
I. ACCOUNTING POLICIES
(a) The accounts are prepared under the hlstorlcal cost conventlon and In accordance with applicable accounting
standards. They follow best prartlce as set out In the Statement of Recommended Prnttl￿.' Accountlng and
Reportlng by Charitles (SORP} issued March 2005 as modified for smaller charitle5.
(b) Income and expenditure Is accounted for on an accruals ba515.
(c) Flxed assets comprtse furnlture and equlpment and musical equlpment and have been eostlng more than £lOO.
Tanglble fixed assets are ststed at cost le55 depreclatlon. Depreclatlon Is provlded at rates calculated to write off
the cost of flxed a55ets, less thelr estlmated resldual value, over thelr experted useful Ilves on the followlng bases..
Muslcal equlpment
25% reduclng balance
Fumlture and flttln9S
25% reduclng balance
Cornputer equlpment
25% reduclng balance
Motor Vehlcles
25% reduclng balan
(d) Unrestrlcted funds are Incomlng resources re¢elved for the objerts of the charlty wlthout further speclfled purpose
and are avallable as general funds.
{e) Re5trlcted funds are subject to restrlttlons on thelr expendlture Imposed by thelr donors.
Unrestrlcted
Restrlcted
Total
Total
Fund5
Funds
Funds
Funiis
2024
2024
2024
2023
2. OQNATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
Collectlon and other donatlons - Glft Ald
Tlthe
Collectlon at all services
Other donations
72,927
168,134
68,507
2,531
312,099
72,927
168,134
68,507
2,531
312,099
38,708
136,573
68,099
1,264
244,644
3. AcnvmES IN FURTHEIIANCE OF CHARllY's OBJEcr
Book Sales
Donatlons
Retreat Fees
Bulldlng Fund
27
27
15,778
14,961
7,232
37,998
492
10,865
21,686
80,211
113,254
15,778
14,961
7,232
37,971
27
4. INVESTMENT
Interest recelved
2,769
1,133
3,902
1,645
5, OTHER INCOME
Grant - HMRC'S Employers, NI rebate
Christmas party & donation to needy
Grant from Cherwell Councll
5,000
5,000
5,000
5,675
5,675
5,675
10,675
5,000
5,000
Page 11

THE REDEEMED CHRISTIAN CHURCH OF GOD - UGHT HOUSE PARISH
NOTES TO THE ACCOUNTS
Unrestrlcted
Restrlrted
Total
Total
Funds
Funds
Funds
Fund5
2024
2024
2024
2023
6. Grants payable - individual
Individual welfare
6,216
6,216
6,633
7. Grants payable - Institutlonal
Charitable glvlng -UK
Charitable glving -overseas
Total
19,890
616
20,506
19,890
616
20,506
22,089
22,089
Llst of Institutional grants payable
RCCG WEM
World Evangellsm
RCCG Central Office
Central Offlce Support
Festlval of Ilfe
Mlsslons
Evangelical Alliance
Support to Charltles
RCCG Camp ground
Missions
RCCG Missions & Others
MIs51ons
Total grant payable - instltutlonal
12,495
2,300
1,200
600
12,495
2,300
1,200
600
8,731
2,220
900
600
4,500
5,138
22,089
3,295
19,890
3,295
19,890
. COST OF AcrNmES IN FURTHERANCE OF CHARITY'S OBJEcrs
Special programme & visiting speakers expenses
Semlnar and conferences
Travel and subslstence
Hall hire, rent & rates
Music, liturgy & church group
Worshlp cost & church occaslon
Staff Cost
Other staff costs
Telephone & Internet
PrlntSng, postage, statlonery and publlclty
Motor expenses
Tralnlng, mlsslon & evangelism
Depreciatlon
Insurance
Repair & malntenance
Utilities & water blll
Welfare & hospitallty
IT Consumables, subscrlptlon & charlty expenses
Bank charges
Admin and office expenses
Communlty ProJett
Retreat & Dues
Vehlcle flnance charges
363
12,162
4,801
31,160
1,292
10,777
87,604
4,390
1,257
7,456
10,668
7,943
4,458
1,059
3,472
507
18,687
5,404
234
5,944
14,960
15,323
12,162
4,801
31,160
1,292
10,777
87,604
4,390
1,257
7,456
10,668
7,943
4,458
1,059
3,472
507
18,687
5,404
234
5,944
13,551
16,250
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
13,551
16,250
235,888
28,511
264,400
Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD - UGHT HOUSE PARISH
NOTES TO THE ACCOUNTS
Unre5trlrted
Restmcted
Total
Totsl
Fund5
Funds
Funds
Funds
2024
2024
2024
2023
9. MANAGEMENT AND GOVERNANCE COSTS
Admin & Office expenses
Professlonal fees
Examiner's fees - accountancy
1,439
1,550
2,989
1,439
1,550
2,989
470
2,150
2,620
10. TANGIBLE FIXED ASS￿5
Fumiture
& Flttings
Motor
Vehicles
MusScal Computers
equipment & projectors
Total
31-Dec
2024
Total
31-Dec
2023
Cost
At l January 2024
Additions
At 31 December 2024
11,661
8,050
13,389
2,600
15,989
9,287
42,387
2,600
44,987
30,095
12,291
42,386
11,661
8,050
9,287
Depreclatlon
At l January 2024
Depreciation for year
At 31 December 2024
9,812
617
8,050
6,747
2,864
9,611
6,355
977
7,332
30,964
4,458
35,422
27,156
3,808
30,964
10,429
8,050
Net book value
At 31 December 2024
1,232
6,378
1,955
9,565
11,423
At 31 December 2023
1,849
6,642
2,931
11,422
11,423
I I. CASH BALANCES
Year ended Year ended
31-Dec
31-Dec
2024
2023
Cash In hand and In Bank
Bank balance
120 Day Notice Account
93,941
121,133
215,074
148,340
148,340
12. DEBTORS
Year ended Year ended
31-Dec
31-Dec
2024
2023
Loans
8,167
8,167
3,050
3,050
Page 13

THE REDEEMED CHRISTEAN CHURCH OF GOD - UGHT HOUSE PARISH
NOTES TO THE ACCOUNTS
13. CREDrroRS
Amount falling due wlthln 12 months
Year ended Year ended
31-Dec
31-Dec
2024
2023
Trade C￿dit0￿S due within 12 months
Accrual: accountancy fees
Staff Salary
1,550
2,150
1,550
2,150
14. RELATED PARTY TRANSACTIONS
Durlng the year, the church pald Instltutlonal grants to other RCCG organlsatlons such as the
World Evangellsm MSsslon as stated In note 7.
15. STAFF COST AND NUMBERS
Staff costs were as follows
Year ended Year ended
31-Dec
31-Dec
2024
2023
Wages and salarfes
Social security costs
Pension costs
78,942
6,859
1,803
87,604
61,426
5,272
1,427
Year ended Year ended
31-Dec
31-Dec
2024
2023
No.
No.
The average number of employee during the year was as follows
Pastoral
Charlty admlnlstratlon
Total
No employee recelved rernuneratlon amounting to more than £50,000 In the year.
16. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
Year ended Year ended
This Is stated after charglng
31-Dec
2024
31-Dec
2023
Depreciation of tangible assets owned by the charity
Accountant's fees
4,458
1,550
3,808
2,150
Page 14