# 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: - Running seminars in the Church with proven ministers of the faith to guide members in the various aspects of Christian faith - Providing support for the charities and Christian events, - Providing overseas aid and famine relief, and - Involving in Economic and Community Development The activities for achieving its objectives include: - Community outreach events; - Conferences and seminars; - Welfare support to members and public; - Food donation and food surplus redistribution; and - Various missionary activities **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: - 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 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: - Examine the accounts (under section 145(1) (a) of the 2011 Act; - Follow the procedures laid down in the general directions given by the Charity Commissioners and - State whether 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 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 keep accounting records in accordance with the requirement of Section 130 of the Charities Act 2011; and - To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities act 2011 have not been met; or 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** - **a** The Accounts have been prepared under the Historical Cost Convention in accordance with applicable Accounting Standards. They follow Best Practices as stated out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued in March, 2007 as modified for small Charities. - b) 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. - c) Fixed Assets: Comprise of Motor Vehicles, Musical Equipment, Office Equipment and Furniture items, and are stated at Cost Less Depreciation |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