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2025-06-30-accounts

Charity Registration No 1127435

for the year ended 30th June, 2025

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Contents

Reference and administrative details for the year ended 30th June, 2025 ................................................................. 2 Trustees’ Report for The Year Ended 30th June, 2025 ................................................................................................. 3 Trustees’ Report Cont’d. ............................................................................................................................................... 4 Independent Examiner’s Report for Year Ended 30th June, 2025................................................................................ 5 Statement of Financial Activities .................................................................................................................................. 6 Balance Sheet as at 30[th] June, 2025 .............................................................................................................................. 7 Notes to the accounts ................................................................................................................................................... 8 Notes to the Accounts cont’d. ...................................................................................................................................... 9 Notes to the Accounts cont’d. .................................................................................................................................... 10

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 1

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Reference and administrative details for the year ended 30th June, 2025

----- Start of picture text -----
GENERAL OVERSEER Pastor E.A Adeboye
Trustees Pastor Rufus Aizeboje
Pastor Oladipo Lawal
Pastor Adebayo Olabisi
Charity Registration Number 1127435
Principal Office HALLELUJAH HOUSE
335, Manchester Road East
Little Hulton, Manchester
M38 9AR.
(Correspondences to: 20 Wallbrook Crescent, Little Hulton, Manchester, M38 9EE).
Pastor in charge Pastor Olatunde Olagunju
Independent Examiner Akintayo Ojo FCCA
46 Hollywood Way
Erith, DA8 2QE
Bankers NATWEST Bank BARCLAYS Bank
121 Market Street Farnworth 1 Market Street, Bolton
BL4 8EY. BL1 1BU.
----- End of picture text -----

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 2

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Trustees’ Report for The Year Ended 30th June, 2025

The Trustees submit their annual report and the Financial Statements of the Redeemed Christian Church of God (RCCG) CITY OF PRAISE (The charity) for the Year ended 30th June, 2025. The Trustees confirm that the Annual Report and the Financial Statements of the Charity comply with the current statutory requirements of the Charity’s governing documents and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005

The charity also trades under the name CITY OF PRAISE

STATUS: The Charity was constituted under a Trust Deed dated 1[st] July, 2008 and is registered in England and Wales with Charity number 1127435.

APPOINTMENT OR ELECTION OF TRUSTEES: T rustees are elected and or appointed under the terms of the Trust Deed.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES: The induction process for a newly appointed member of the Board of Trustees comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in charge 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 Charity.

RELATED PARTY RELATIONSHIPS: R CCG (CITY OF PRAISE) 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 of Common Purposes”

OBJECTS AND ACTIVITIES: The principal object is the advancement of the 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:

The activities for achieving its objectives include:

GRANT MAKING POLICY: 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 missionary that shares its objects in advancement of Christian faith and relief of poverty. The Church also give occasional grants to congregational members who are in need.

VOLUNTEERS: The Church is grateful to the unflinching efforts of its volunteers who are involved in providing services for the Charity. It is estimated that over 2,485 hours are provided by volunteers during the year. If this is conservatively valued at £12.21 per hour, the volunteer’s effort will amount to £30,341.

REVIEW OF ACTIVITIES: The Church continue 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. We recorded a 15.5% drop in voluntary donations for the year, this is a direct impact of members who were sent out to support the two new parishes that were recently planted.

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 3

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Trustees’ Report Cont’d.

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.

FUNDING AND REBATES: Funding has been provided mainly through Tithes and Offerings by Church members and through Gift Aid. Donations are also accepted for special programmes and projects. During the year, the Charity secured a total of £40,770 in external funding. £23,700 from Workers’ Education Authority/UK Government for an ongoing Community Upskill programme, £7,503 from Salford City Council/Salford CVS to support Healthy Holiday Activities, £5,230 from Neighbourly to support our new kitchen and toys. We also received a relief of £4,337 from HMRC as Employer’s National Insurance Contribution rebate.

FUTURE DEVELOPMENT: 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.

STATEMENTS 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 Kingdom 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 for that period. In preparing these financial statements, the trustees are required to:

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 Act 2011. They are also responsible for safeguarding the assets of the Charity 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 basis and have been examined by an independent Examiner, whose report is also appended.

Approved by the Trustees on 20th April, 2026 and signed on their behalf by:

Pastor Rufus Aizeboje

Trustee

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 4

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Independent Examiner’s Report for Year Ended 30th June, 2025

TO: THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE.

I report on the accounts of the Charity for the Year ended 30 June 2025 which is set out on pages 6-11

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER

The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under Section 145(1) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

BASIS OF EXAMINER’S STATEMENT

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 trustees 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.

EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention to give me reasonable cause to believe that in any material respect the requirements:

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

SIGNED

Akintayo Ojo FCCA 46 Hollywood Way Erith DA8 2QE DATE: 23[rd] April, 2026

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 5

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Statement of Financial Activities

----- Start of picture text -----
Notes 2025 2024
£ £
Incoming Resources:
Voluntary Donations 2 149,014 176,374
Gift Aid 3a 23,179 19,010
Other Funding and Rebate 3b 40,770 47,845
Total 212,963 243,229
Resources Expended
Charitable Expenditure
Grants Payable-Institutional 5 600 5,000
Cost of Activities in furtherance of Charity's
objects 6 104,014 112,663
Interest Exp 8 23,051 14,238
Governance Costs 7 62,147 48,673
Total Resources Expended 189,812 180,574
Net Incoming/(Outgoing) Resources 23,151 62,656
Total Funds at the Beginning of the Year 257,861 195,205
Balance at the end of the Year 281,012 257,861
----- End of picture text -----

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 6

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Balance Sheet as at 30[th] June, 2025

Notes 2025 2024
Fixed Assets: £ £
Tangible Assets 9 521,997 495,911
Current Assets:
Bank and Cash Balances 10 11,786 14,876
Other Receivables 4 10,530 23,505
22,317 38,381
Total Assets 544,313 534,292
Less Liabilities:
Amount Due within 1 Year 11 350 11,571
Amount Due more than 1 Year 12 262,951 264,860
263,301 276,431
Net Assets 281,012 257,861
Charity Funds:
General Unrestricted 281,012 257,861
Total Funds 281,012 257,861

The Accounts have been prepared in accordance with special provision of Statement of Recommended Practice: Accounting and reporting by Charities (SORP) issued in March 2007 as modified for smaller Charities

Approved by the Trustees on: 20[th] April, 2026. and Signed on their behalf by:

Aefea Agee Pastor Rufus Aizeboje

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 7

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Notes to the accounts

Note 1 Accounting Policies

b)
c)		 Income is accounted for on Actual Receipt Basis while Expenditures are recorded on Accrual Basis.
We recognise Gift Aids due from HMRC based on the credibility of the source.
Fixed Assets: Comprise of Motor Vehicles, Musical Equipment, Office Equipment and Furniture items, and are stated
at Cost Less Depreciation		 Income is accounted for on Actual Receipt Basis while Expenditures are recorded on Accrual Basis.
We recognise Gift Aids due from HMRC based on the credibility of the source.
Fixed Assets: Comprise of Motor Vehicles, Musical Equipment, Office Equipment and Furniture items, and are stated
at Cost Less Depreciation
d) Depreciation is provided at rates calculated to write off the cost of the assets (less expected disposal value) over
expected useful lives. The following rates apply:
Motor Vehicles: -25%
Computer and Office Equipment: -25%
Musical Equipment -25%
Funiture & Fittings -25%
e)
Donation Classification and Appropriation:
We capture donations through Bank statements and in service cash collections. Classification of online
donations might not be totally correct because many donors do not specify donation category. However, we use
the Ushers' records to account for collections for the purpose of Thanksgiving collections appropriation.
Note 2
Donations, Legacies and Similar Incoming
Resources
2025
2024
£
£
£
£
Tithes
98,822
116,422
Offering
28,836
31,649
Thanksgiving
5,428
14,990
Building & Other project support
15,928
13,313
Total Voluntary donations
149,014
176,374
Note 3a
Gift Aid
23,179
19,010
Note 3b
Other Fundings & Rebate
HMRC NI Rebate
4,337
4,092
WEA -Community Upskill
23,700
39,500
Neighbourly
5,230
Salford City Council (Health is Wealth/ Healthy
Hols)
7,503
4,253
40,770
47,845
Note 4
Receivables
10,530
23,505
10,530
23,505		 e)
Donation Classification and Appropriation:
We capture donations through Bank statements and in service cash collections. Classification of online
donations might not be totally correct because many donors do not specify donation category. However, we use
the Ushers' records to account for collections for the purpose of Thanksgiving collections appropriation.
Note 2
Donations, Legacies and Similar Incoming
Resources
2025
2024
£
£
£
£
Tithes
98,822
116,422
Offering
28,836
31,649
Thanksgiving
5,428
14,990
Building & Other project support
15,928
13,313
Total Voluntary donations
149,014
176,374
Note 3a
Gift Aid
23,179
19,010
Note 3b
Other Fundings & Rebate
HMRC NI Rebate
4,337
4,092
WEA -Community Upskill
23,700
39,500
Neighbourly
5,230
Salford City Council (Health is Wealth/ Healthy
Hols)
7,503
4,253
40,770
47,845
Note 4
Receivables
10,530
23,505
10,530
23,505		 e)
Donation Classification and Appropriation:
We capture donations through Bank statements and in service cash collections. Classification of online
donations might not be totally correct because many donors do not specify donation category. However, we use
the Ushers' records to account for collections for the purpose of Thanksgiving collections appropriation.
Note 2
Donations, Legacies and Similar Incoming
Resources
2025
2024
£
£
£
£
Tithes
98,822
116,422
Offering
28,836
31,649
Thanksgiving
5,428
14,990
Building & Other project support
15,928
13,313
Total Voluntary donations
149,014
176,374
Note 3a
Gift Aid
23,179
19,010
Note 3b
Other Fundings & Rebate
HMRC NI Rebate
4,337
4,092
WEA -Community Upskill
23,700
39,500
Neighbourly
5,230
Salford City Council (Health is Wealth/ Healthy
Hols)
7,503
4,253
40,770
47,845
Note 4
Receivables
10,530
23,505
10,530
23,505
19,010
4,092
39,500
4,253
47,845
23,505
23,505

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 8

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Notes to the Accounts cont’d.

Note 5
Grants Payable-Institutional
Central Office
Note 6
Cost of Activities in Furtherance of Charity Objects
External Speakers Expenses/Honorarium
Training Seminars and Conferences
Travel and Subsistence
Rent, rates and Licences
Welfare Expenses
Telephone and Communication
Motor Vehicle Expenses
Waste Management
Loss on disposal of Vehicles
Insurance
Depreciation
Hospitality
Repair and Maintenance
Printing & Stationery
Funded Community Project costs
Note 7
Management and Governance Costs
Net Salary expense
Payroll taxes
Pension
Legal and Professional fees
Independent Examiner's fee
Note 8
Interest Expenses
Mortgage interest
Bank/Finance Charges		 2025
£
600
600
4,236
1,596
10,059
12,172
8,596
2,622
4,607
723
20
10,070
14,423
8,979
5,887
1,550
18,475
104,014
41,689
13,337
2,276
4,496
350
62,147
21,245
1,806
23,051		 2024
£
5,000
5,000
21,354
1,463
10,874
6,582
7,241
2,005
11,118
14,358
8,167
11,353
13,840
3,408
900
112,663
30,975
9,000
2,276
6,072
350
48,673
13,130
1,108
14,238

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 9

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

Notes to the Accounts cont’d.

Notes to the Accounts cont’d. s cont’d.
Note 9
Fixed Assets
Building
Cost
At 30th June, 2024
427,326
Additions
32,677
Disposals
At 30th June, 2025
460,003
Depreciation
At 30th June, 2024
-
Charged for the year
922.64
Disposals
At 30th June, 2025
923
Net Book Value
At 30th June, 2024
427,326
At 30th June, 2025
459,080
Note
10
Bank Balances
Natwest Bank
Barclays
Note
11
Creditors & Accruals
Remittances & Allowances Due
Other Accrued Expenses
Note
12
Mortgage Loan*
Kingdom Bank-Mortgage		 Building*
427,326
32,677		 Motor
Vehicles
£
30,142
-
11,157		 Musical
Equipment
£
47,349
3,016		 Computer
and Other
Equipment
£
24,943
1,496		 Furniture
&
Fittings
£
32,205
3,339
35,544
17,296
3,525
20,821
14,909
14,723		 Total
£
561,965
40,529
-
11,157
460,003 18,985 50,365 26,439 591,337
-
922.64		 10,632
3,133
-
11,137		 -
25,886
3,243		 12,240
3,598		 -
-
66,054
14,423
-
11,137
923 2,628 29,129 15,838 69,340
427,326 19,510 21,463 12,703 -
-
495,911
16,357
30 June, 2025
£
6,814
4,972
11,786
350
350
262,951
262,951		 21,236
30 June,
2024
£
7,439
7,437
14,876
9,322
2,249
11,571
264,860
264,860		 10,601
30 June,
2023
£
145,381
2,783
148,164
8,622
700
9,322		 521,997

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 10

The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June 2025

RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2025 | 11