Charity no 1127576 Company house 06032215 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY** ## **Annual Accounts** **1 July 2024 - 30 June 2025** **Prepared by DTT Consultancy Ltd** ## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY** ## **Report of the Trustees For the year ended 30th June 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 06032255 England and Wales) ## **Registered Charity number** 1127576 ## **Registered office** 8 Albert Street Coventry CV1 5HA ## **Trustees** 1. Mr. Oladipo Ajayi 2. Mr.Michael Tolulope Olajide - Chair ## **Independent Examiner** Tunji Ogedengbe 36 Daffodil Close Hatfield Herts AL10 9FF ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **Organisational structure** The church is organised so that the trustees meet regularly to manage its affairs. There is a full-time office administrator, who manages the day to day administrations of the church. ## **Related parties** RCCG-Holy Ghost Zone is a member of Redeemed Christian Church of God (RCCG) which has Parishes all over the world. The relationship is governed by an Agreement for common purposes between the Parishes and RCCG. **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page 1 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY** ## **Report of the Trustees For the year ended 30th June 2025** ## **FINANCIAL REVIEW** ## **Reserves policy** The net incoming resources for the year amounted to £50,072. All these have been unrestricted reserves and no fund is allocated to restricted project. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets should be transferred to reserves. The free reserves held by the church should be 3 months of annual expenditure. At this level, the trustees feel that would be able to continue the current activities of the church in the event of significant drop in funding. ## **Principal funding sources** This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects. ## **FUTURE DEVELOPMENTS** The church will continue 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, plant more parishes and due to the increase in the number of members, our future plan is to accommodate those members and likely additional. ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees (who are also the directors of RCCG - Holy Ghost Zone for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. ## **ON BEHALF OF THE BOARD:** Date: 25th November 2025 Michael Tolulope Olajide Page 2 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY** ## **INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 30 JUNE 2025** I report on the financial statements of RCCG Holy Ghost Zone for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein. ## **Respective responsibilities of trustees and independent examiner** As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention. ## **Basis of independent examiner's statement** My examination was carried out in accordance with the General Directions given by the Charities 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. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (i) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or - (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ........................................................... Tunji Ogedengbe 25th November 2025 36 Daffodil Close Hatfield AL10 9FF Page 3 |**RCCG**|**The RCCG Holy Ghost Zone**|**The RCCG Holy Ghost Zone**|**The RCCG Holy Ghost Zone**|**The RCCG Holy Ghost Zone**|**The RCCG Holy Ghost Zone**|**1127576**| |---|---|---|---|---|---|---| ||Annualaccountsforthe period|||||| ||Period start date|**1st July 2024**|**To**|Period end
date|**30th June 2025**|| |||||||| |**Section A**|**Statement of financial activities**|||||| |**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Prior year adjustment
Gains and losses on revaluation of fixed assets
for the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**
**_Total resources expended_**
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||355,187|-|-|355,187|390,600| |||-|-|-|-|-| |||-|-|-|-|-| |||37,650|-|-|37,650|37,564| |||-|-|-|-|-| |||392,837|-|-|392,837|428,164| |||||||| |||-|-|-|-|-| |||197,318|-|-|197,318|214,094| |||-|-|-|-|-| |||-|-|-|-|-| |||142,956|-|-|142,956|117,539| |||1,240|-|-|1,240|-| |||-|-|-|-|-| |||341,514|-|-|341,514|331,633| |||51,323|-|-|51,323|96,531| |||-|-|-|-|-| |||51,323|-|-|51,323|96,531| |||||||| ||||-|-|-|-| |||||||| |||51,323|||51,323|96,531| |||727,164|||727,164|630,633| |||778,487|-|-|778,487|727,164| Page 4 ## **Section B Balance sheet as at 30 June 2025** |**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 13)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 14)**
**Endowment funds(Note 15)**
**_Total funds_**
Signed by|Note
B01
B02
B03
B04
0
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**Total last year**
**£**
**£**
F04
F05|**Total this**
**year**
**Total last year**
**£**
**£**
F04
F05| |---|---|---|---|---|---|---| |||1,017,417|-|-|1,017,417|1,015,982| |||-|-|-|-|-| |||-|-|-|-|-| |||1,017,417|-|-|1,017,417|1,015,982| |||||||| |||-|-|-|-|-| |||16,802|-|-|16,802|17,555| |||-|-|-|-|-| |||22,185|-|-|22,185|34,736| |||38,987|-|-|38,987|52,291| |||||||| |||3,520|-|-|3,520|3,520| |||||||| |||35,467|-|-|35,467|48,771| |||||||| |||1,052,884|-|**-**|1,052,884|1,064,753| |||||||| |||274,397|||274,397|337,589| |||||||| |||||||| |||778,487|-|-|778,487|727,164| |||||||| |||778,487|||778,487|727,164| ||||||-|-| ||||-||-|-| |||||-|-|-| |||||||| |||778,487|-|-|778,487|727,164| |||||||| |||Signature||Print|Date of approval
Name|| |||||**Michael Tolulope Olajide**||**25-Nov-25**| |||||||| Page 5 ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: - Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); - and with* 0 Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); - and with the Charities Act 1993. [** except for the following]. ## _**Give details in this box if a different standard has been followed.**_ - -Tick as appropriate: - if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;  if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”. ** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following). - § if no changes have been made to accounting policies then delete these words. ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years Page 6 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ ## **INCOMING RESOURCES** |**Recognition of incoming**|These are included in the Statement of Financial Activities (SoFA) when:| |---|---| |**resources**| the charity becomes entitled to the resources;| || the trustees are virtually certain they will receive the resources; and| ||0| |**Incoming resources with**|Where incoming resources have related expenditure (as with fundraising or contract income)| |**related expenditure**|the incoming resources and related expenditure are reported gross in the SoFA.| |**Grants and donations**|Grants and donations are only included in the SoFA when the charity has unconditional| ||entitlement to the resources.| |**Tax reclaims on donations**|Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to| |**and gifts**|which they relate.| |**Contractual income and**|This is only included in the SoFA once the related goods or services have been delivered.| |**performance related grants**|| |**Gifts in kind**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.| ||Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or| ||distributed by the charity.| ||Gifts in kind for use by the charity are included in the SoFA as incoming resources when| ||receivable.| |**Donated services and**|These are only included in incoming resources (with an equivalent amount in resources| |**facilities**|expended) where the benefit to the charity is reasonably quantifiable, measurable and| ||material_._The value placed on these resources is the estimated value to the charity of the| ||service or facility received.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.| |**Investment income**|This is included in the accounts when receivable.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from| ||revaluing investments to market value at the end of the year.| |**EXPENDITURE AND**|**LIABILITIES**| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the| ||charity to pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee| ||meetings and cost of any legal advice to trustees on governance or constitutional matters.| |**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of service| |**conditions**|or output to be provided, such grants are only recognised in the SoFA once the recipient of the| ||grant has provided the specified service or output.| |**Grants payable without**|These are only recognised in the accounts when a commitment has been made and there are| |**performance conditions**|no conditions to be met relating to the grant which remain in the control of the charity.| |**Support Costs**|Support costs include central functions and have been allocated to activity cost categories on a| ||basis consistent with the use of resources, eg allocating property costs by floor areas, or per| ||capita, staff costs by the time spent and other costs by their usage.| |**ASSETS**|| |**Tangible fixed assets for use**|
These are capitalised if they can be used for more than one year, and cost at least £500. They| |**by charity**|are valued at cost or a reasonable value on receipt.| |**Investments**|Investments quoted on a recognised stock exchange are valued at market value at the year| ||end. Other investment assets are included at trustees' best estimate of market value.| |**Stocks and work in progress**|These are valued at the lower of cost or market value.| Page 7 **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of incoming resources** ## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_ |**Voluntary income**
**Activities for generating funds**
**Investment income**
**Incoming resources from**
**charitable activities**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||Offering,Thanksgivingand Tithes|353,937|390,600| ||Other income|1,250|-| ||**Total**|355,187|390,600| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Interest|-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Gift Aid|20,848|20,009| ||Gift aid receivable|16,802|17,555| |||-|-| |||-|-| |||-|-| ||**Total**|37,650|37,564| Page 8 ## **RCCG House Holy Ghost Zone** ## **Section C Notes to the accounts** **Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.** |**Fundraising trading**
**costs**
**Governance costs**
**Investment**
**management costs**
**Charitable activities**
**Costs of generating**
**voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||Salary &Wages|41,173|50,670| ||Church Licence/management system|2,512|2,866| ||Telephone|2,185|2,389| ||Printingand Stationery|-|922| ||Mortgage Interest|15,040|24,654| ||Training|14,605|9,472| ||Depreciation|2,692|5,137| ||Utilities|21,639|32,850| ||Other Church RunningExpenses|18,131|23,656| ||Insurance|4,331|3,919| ||Charges|3,197|3,531| ||Pension|4,467|3,436| ||Vehicle exp|16,079|1,798| ||HMRC|10,468|10,468| ||Professional fees|-|13,100| ||Travel|6,129|2,339| ||Repair & Maintanence|29,579|21,426| ||Council Tax|2,191|479| ||Other|2,900|982| ||**Total**|197,318|214,094| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Donation&Welfare|56,022|31,399| ||AfricaMissions|600|600| ||CentralOffice|5,100|4,800| ||Church Outreach|34,002|39,928| ||WEM|32,500|30,000| ||Charitable Activities|14,732|3,172| ||Church Planting|-|7,639| ||**Total**|142,956|117,539| ||||| ||Accountingfees|1,240|-| ||||| ||**Total**|1,240|-| Page 9 **Section C Notes to the accounts (cont)** ## **Note 5 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**_support costs._**||||| |---|---|---|---|---| |**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |**Total**|-|-|-|-| ## **Note 6 Details of certain items of expenditure** ## **6.1 Trustee expenses** _**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_ |**Number of trustees** **who were paid expenses**
**Nature of the expenses**
**Total amount paid**|**This year**|**Last year**| |---|---|---| |||| |||| ||**£**|**£**| ## **6.2 Fees for examination or audit of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_ |**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the**
**accounts**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||620|620| |||| Page 10 **Section C Notes to the accounts (cont)** ## **RCCG House Holy Ghost Zone** ## **Note 9 Tangible fixed assets** ## _**Please complete this note if the charity has any tangible fixed assets**_ ## **9.1 Cost or valuation** |**Freehold land**
**Renovation**
**work**
**Motor**
**Vechicle**
**Church**
**equipment**
**Computer and**
**Software**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
Balance brought
forward
985,000 29,322 69,650 53,224 - 1,137,196
Additions
- - 4,127 - 4,127
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried
forward
985,000 29,322 69,650 57,351 - 1,141,323
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought
forward
- 69,650 51,564 - 121,214
Depreciation charge
for year
2,692
2,692
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried
forward
- - 69,650 54,256 - 123,906
Brought forward
985,000 29,322 - 5,787 - 1,020,109
Carried forward
985,000 29,322 - 3,095 - 1,017,417
**9.3 Net book value**
**9.2 Accumulated depreciation and impairment provisions**|**Freehold land**
**£**|**Renovation**
**work**
**£**|**Motor**
**Vechicle**
**£**|**Church**
**equipment**
**£**|**Computer and**
**Software**
**£**|**Total**
**£**| |---|---|---|---|---|---|---| ||985,000|29,322|69,650|53,224|-|1,137,196| |||-|-|4,127|-|4,127| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||985,000|29,322|69,650|57,351|-|1,141,323| |||-|69,650|51,564|-|121,214| |||||2,692||2,692| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|69,650|54,256|-|123,906| |||||||| ||985,000|29,322|-|5,787|-|1,020,109| ||985,000|29,322|-|3,095|-|1,017,417| ## **9.4 Revaluation** _**If any fixed assets have been revalued please give details of the valuer and method of valuation**_ > _* The "transfers" row is for movements between fixed asset categories._ > _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._ Page 11 ## **RCCG House Holy Ghost Zone** ## **Section C Notes to the accounts (cont)** ## **Note 11 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**Analysis of debtors**
**This year**
**Last year**
**This year**
**Last year**
**£**
**£**
**£**
**£**
**Loan**
-
**Accrued income - gift aid**
16,802 17,555 - -
**Other debtors**
-
**Prepayments and accrued income**
- - - -
**Total** 16,802 17,555 - -
**12.1 Analysis of creditors**
**Thisyear**
**Lastyear**
**Thisyear**
**Lastyear**
**£**
**£**
**£**
**£**
**Loans and overdrafts**
**Creditors**
3,520 3,520
**Other creditors - Team 21**
2,500
**Other creditors - Love Nursery**
- -
**Mortgage**
274,397 335,089
**Total** 3,520 3,520 274,397 337,589
**Amounts falling due**
**within oneyear**
**Amounts falling due after**
**more than oneyear**
**Note 12-13 Creditors and accruals**
**_Please complete this note if the charity has any creditors or accruals._**
**Amounts falling due**
**within oneyear**
**Amounts falling due after**
**more than oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||||-|| ||16,802|17,555|-|-| |||||-| ||-|-|-|-| ||16,802|17,555|-|-| ||**Amounts falling due**
**within oneyear**||**Amounts falling due after**
**more than oneyear**|| ||**Thisyear**|**Lastyear**|**Thisyear**|**Lastyear**| ||**£**|**£**|**£**|**£**| |||||| ||3,520|3,520||| |||||2,500| ||||-|-| ||||274,397|335,089| ||3,520|3,520|274,397|337,589| Page 12