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Charity Number: 1130539
RCCG- Love Assembly Liverpool
TRUSTEES' REPORT
AND
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MAY 2025
¢@B_RCCG-LOVE ASSEMBLY
CONTENTS
FOR THE YEAR ENDED 31ST MAY 2025
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|---|---|---|---|---|---|
|CONTENTS|
|Page|
|Charity's Gencral|Information|I|
|Trustees|Report|2.-3|
|Independent|Examiner's|Report|4|
|Balance|Sheet|5|
|Noles|to|the|Financial|Statements|6.-7|
|Statement|of|[Financial]|[Activities]|8|
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¢@—2M: RCCG-LOVE ASSEMBLY
GENERAL INFORMATION FOR THE YEAR ENDED 31ST MAY 2025
Charity's General Information
TRUSTEES:
PASTOR IN CHARGE;
PRINCIPAL AND WORSHIP OFFICE:
WEBSITE
CHARITY REGISTERATION NUMBER:
BANKERS:
ACCOUNTANTS:
Pastor Kolawole Hamzat (Chair ) Mr Olugbenga Emmanuel Daramola Mr Philip Adebukola Adegbola
Pastor Ayodeji Olufolahan Olaoye
Steble Street Liverpool, United Kingdom. L8 6QH
https://loveassembly.org
1130539
National Westminster Bank Plc Liverpool L15 6YD
Richflo Accounting Services 4 Deeroak Close Manchester M18 8AF
Page 1
$GB: _RCCG- LOVE ASSEMBLY TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MAY 2025 FINANCIAL PERFORMANCE AND REVIEW OF ACTIVITIES: During the year total income of |=£178,615 was realised and Expenditure Resource of £140,564 was incurred on charitable activities. Included in the total income was £31,855 donations received towards restricted building funds. The financial year under review saw a period of steady and conlinuous growth for the charily. The benefits and dividends of owning our own property, purchased in February 2024 has been to consolidate our community initiatives and enable collaborations with other charitable organisations. We have scen the launch of new initiatives and the strengthening of[existing][projects,][such][as:] |. The Christmas outreach in collaboration with Samaritan’s Purse, the charity raised £2,370 in and packed 123 Christmas boxes for children from disadvantaged familics 2. The charity and our service users have continued with the ongoing financial support for over 50 underprivileged children, working in partnership with Compassion UK. CONTINUATION OF EXISTING PROJECTS IN COLLABORATION WITH THE LIVERPOOL ARK DISCOVERY CENTRE CIC : 1. Project Management Summer Internship. In collaboration with the Liverpool Ark Discovery Centre CIC (LADO), five interns (aged between 11 and 19 years old) were employed for a Project Management Summer Internship. Each intern was assigned a coach and trained to design and deliver a community project, contributing to both their personal development and community impact.
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Medical Outreach Workshop, providing essential health checks for over 120 participants.
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The sports and fitness academy continues to be a successful community project outreach through our football academy that makes provision for an average ofover 30 participants every Monday, aerobics, and dance classes for all, including men, women, young adults and children.
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A 3-week multi-sports summer camp for children (aged between 5 and 16 years) ran over the summer, had 20 children as beneficiaries.
NEW INITIATIVES AND COLLABORATIONS:
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This financial year included an exhibition in January 2025 that highlighted small businesses and created networking opportunities for entrepreneurs.
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With administrative support from the LADC, the charity began producing short films. The debut film, The Prodigal Son, was released on our social media platforms on 7 August 2024.
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The charity participated in a Christmas Outreach tagged — Shine Your Light. The event was hosted by local churches in the Toxteth and Dingle areas, to make Jesus known to the wider community
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Young adult church -Light Church, Liverpool- was inaugurated in April 2024. The charity also launched a Farsi Service which has continued to grow steadily among the Persian community in Liverpool.
The Trustees are pleased to report that the church continued to minister effectively every week to many people through a variety of online and digital services, trainings and workshops. These platforms have enabled us to reach individuals within and beyond our immediate community. The charity remains committed to building upon its operations and achieving its vision.
Page 2
€> RCCG - Lave Assembly
TRUSTEFS' REPORT
FOR THE YEAR ENDED 31ST MAY 2025
The charity's Trustees are responsible for preparation of fmancial statements in compliance with requirements as to its form and contents under section 132 (1) of the Charities Act 2011, and being reviewed by independent examiners. Therefore. the Trustees are required to:
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select suitable accounting policies and then apply them consistently
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make judgements and estimates that are reasonable and prudent
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prepare the financial statements on the gong concer basis unless it is Inappropnate to
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presume that the church will continue in operational service.
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the financial statements are prepared as required by law to give a true and fair view of the state of affairs of the church surplus or deficit for that period. and safeguard the assets of the church.
INDEPENDENT EXAMINERS:
The Trustees appointed Richflo Accounting Services as its independent examiners. A resolution for reappointment will be proposed during the next meeting.
This report was approved by the Trusices on 24th February 2026 and signed on their behalf by trustee:
Page 3
=: RCCG - LOVE ASSEMBLY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31ST MAY 2025
L have examined the drafl Unaudited Management Accounts, which comprises the financial activitics, incomes and expenditures with Balance Sheet and the related Notes on pages 6 to 8 and the accounting policies of the RCCG LOVE ASSEMBLY, Liverpool for the year ended 31st May 2025.
This report is made solely to the Charity,s Trustees are responsible for the preparation of[the][accounts.][The] Trustecs consider audit is not required for this year under section 160(1) of the Charities Act 2011 and that an independent examination is needed.
Respective responsibilities of Trustees and Independent Examiner:
As described on page 4, the Trustces are responsible for the preparation of financial statements. It is my responsibility to carry out an independent examination of[those][financial][statements][and][to][issue][a][report][based][on] that examination,
Scope Of examiner's Statement:
1 conducted my examination in line with directions given by the Charity Commission under section 145(5) of[the] Charities Act 2011. An examination includes review ofaccounting[records][kept][by][the][charity][and][comparison] of the financial statements with those records as well as explanations from the trustees concerning the records. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently no audit opinion is given and the report is limited to the statements below:
Independent examiners statement:
We, as independent examiner have the requisite ability and practical experience to carry out a competent examination of the accounts in accordance with section 145(1)(a) of the Charities Act 2011.
In connection with our examination, no matter has come to my attention:
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i. Which gives me reasonable cause to believe in any material respect the requirements:
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to keep accounting records in accordance with section 130(1) of the Charities Act 2011, and
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to prepare financial statements which comply with the accounting requirements of section 132(1) of the Charities Act 2011, have not been met; or
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ii. To which in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to have been prepared
Signed: Z ¥. Oe td, and dated 24th February 2026.
Richflo Accounting Services
4 Deeroak Close Manchester M18 8AF
Page 4
“@= RCCG- LOVE ASSEMBLY
BALANCE SHEET
FOR THE YEAR ENDED 31ST MAY 2025
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2025 2024
FIXED ASSETS Notes £ £
Tangible Assets 2 395,477 392,008
CURRENT ASSETS
Cash/Bank 55,495 54,821
55,495 54,821
CREDITORS: Amount Due Within | Year 3 (600) (500)
NET CURRENT ASSETS/(LIABILITIES) 54,895 54,321
CREDITORS: Amount Due After 1 Year 4 (99,464) — (121,472)
TOTAL NET ASSETS/(LIABILITIES) 350,908 324,857
CHARITY FUNDS
General Reserves for the Year 5 350,908 324,857
— 350,908 _ 324,857,
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The trustees were satisfied that the charity is entitled to exemption from audit under section 160(1) of the Charities Act 2011 for the accounting period ended 31st May 2025.
The trustees acknowledge their responsibilities for:
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(i) ensuring that the charitable company keeps accounting records which comply with sections 130 of the Charities Act 2011; and
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(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable as at the end of the period in accordance with section 132(1) of the Charities Act 2011.
Approved by the Trustees on 24th Febrnuary 2026 and signed on their behalf by the trustees:
Name of Trustee: Prua 2 eo)‘ ERMA FHEGRELA
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Saue —SS
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Page 5
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‘GS RCCG- LOVE ASSEMBLY
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025
1. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with applicable Accounting Standards in United Kingdom with the application of FRSSE and Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2000 & 2005) issued by the Charity Commission. Asummaryof the principal accounting policies, which have been applied consistently is set out below:
(a) Basis of Preparation of Financial Stetements;
The financial statements are prepared under the historic cost convention and include the result of charity's operation, which are described in the Trustee's Report, all of which are continuing.
(b) Incoming Resources:
All incomes is credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable.
(c) Restricted Funds: Building Funds
Restricted funds are to be used for specific purposes within the objects of the charity. Expenditures which meet these specific criteria, will be matched with a fair allocation of management and support costs. There is restricted Building Fund amount of £31,855 during the year.
(d) Unrestricted Funds:
Unrestricted funds are donations, offerings and other incomes generated for the objects of the charity without further specific purposes and are available for general and public funds.
(e) Resources Expended:
Direct Charitable expenditure includes all expenditure incurred by the charity in direct pursuit of its charitable objectives. Governance expenditure includes all costs incurred which relates to the charitable and for administaration of the charity in compliance with constitutional and statutory requirements.
Tangible Fixed Assets and Depreciation:
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates in order to write off the cost of each assets, less their estimated residual value over its estimated useful life as follows: Furniture and Fittings 25% at reducing balance MotorOffice Vehicles Equipment & Van 25%20% atat reducingreducing balancebalance .
Page 6
¢@SB? RCCG- LOVE ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3|/ST MAY 2025
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|---|---|---|---|---|---|---|---|---|
|2|TANGIBLE|FIXED|ASSETS:|
|Land &|Furniture|Office|Motor|2025|2024|
|COST|/|VALUATION:|Building|Fittings|Equipment|Vehicles|TOTAL|TOTAL|
|£|£|£|£|£|£|
|Opening|Balance|350,000|16,824|39,670|42,304|448,798|98,798|
|Additions|0|0|16,582|0|16,582|350,000|
|Disposals|(0)|(0)|(0)|(0)|(0)|(0)|
|Closing Balance|350,000|16,824|56,252|42,304|465,380|__—_—44 8,798.|
|Depreciation|
|Opening|Balance|0|15,173|30,024|11,594|56,791|45,347|
|Charge|for the period|0|413|6,557|6,142|13,112|11,443|
|Disposals|(0)|(0)|(0)|(0)|@|
|Closing|Balance|0|15,586|36,581|17,736|69,903|56,790|
|Net|Book|Value|
|Opening|Balance|0|1,65]|9,647|30,710|42,008|53,451|
|Closing Balance|350,000.|—«'1,238~=Sté<«s«*iSi«STLi4|5B|395,477|392,008|
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|---|---|---|---|---|---|---|
|3|CREDITORS:|Amount|Due|Within|1|Year|
|Accountant|Fees|600|500|
|600|500|
|4|CREDITORS:|Amount Due|after|1|Year|
|Current|Accounts|112,727|106,743|
|Purchase|Costs|(Financed)|25,504|25,504|
|Accumulated|Repayments|(38,767)|(10,775)|
|99,464|121,472|
|5|Balance|Carried|Forward|
|MOVEMENT IN STATEMENT|OF FUNDS|
|Net Funds|Brought Forward|324,857|257,668|
|Funds|Generated|6|26,051|67,189|
|Net|Funds|Carried|Forward|350,908|_|324,857|
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=: RCCG - LOVE ASSEMBLY
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| =: RCCG - LOVE ASSEMBLYLOVE ASSEMBLYASSEMBLY |
=: RCCG - LOVE ASSEMBLYLOVE ASSEMBLYASSEMBLY |
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|---|---|---|---|---|---|---|---|
| STATEMENTOFFINANCIALACTIVITIES | 2025 | 2024 | |||||
| FORTHEYEAR ENDED 31STMAY 2025 | Unrestricted | — Restricted | TOTAL | TOTAL | |||
| Funds | building Funds | ~—-Funds | Funds | ||||
| 6 | FUNDSGENERATED: | Noles | £ | £ | x | £ | |
| Incoming Resources | ? | 146,760 | 31,855 | 178,615 | 216,317 | ||
| Fund Transferred to Reserve | (0) | (12,000) | (12,000) | (24,550) | |||
| Resource Expended | 8 | (140,564) | (0) | (140,564) | (124,578) | ||
| 6196 i |
19,855 26,051 rl, |
67,189 | |||||
| 7 | INCOMING RESOURCES: | ||||||
| Tithes and Offerings | 135,610 | 0 | 135,610 | 129,686 | |||
| Donations& Thanksgivings | 8,555 | 7,206 | 15,761 | 585890 | |||
| Donation - Building | 0 | 12,000 | 12,000 | 0 | |||
| Donation - Mission | 2,595 | 0 | 2,595 | 2,035 | |||
| Gift Aid | 0 | 0 | 0 | 20,104 | |||
| Bank Interest Income | 0 | 498 | 498 | 1,602 | |||
| Rent Income | 0 | 12,15! | 12,151 | 4,000 | |||
| 146,760 31855 «178,615 TT |
216,317. | ||||||
| $8 | RESOURCES EXPENDED: | ||||||
| Charitable Activities | 9 | 50,866 | 0 | 50,866 | 69,555 | ||
| Governance Costs | 10 | 89,698 | 0 | 89,698 | 300,385 | ||
| 140,564 ne |
0 | 140,564 | 369,940 | ||||
| 9 | Charitable Activities | ||||||
| Rent& Rates | 16,493 | 0 | 16,493 | 36,246 | |||
| Conferences, Seminars | 9,709 | 0 | 9,709 | 8,086 | |||
| Donations & Welfare | 203 | 0 | 203 | 2;448 | |||
| WORLD EVANGELICAL MISSIONS | 20,709 | 0 | 20,709 | 20,960 | |||
| Outreach - Compassion/Shoebox Appeal | 3,752 | 0 | B.752 | 1,815 | |||
| 50,866 | 0 | 50,866 | _ | 69,555 | |||
| 10 | Governance Costs | ||||||
| Transport, Vehicle& Hire Expenses | 3,490 | 0 | 3,490 | 9,251 | |||
| Repairand Maintenance | 122 | 0 | 122 | 9,095 | |||
| Printing, Stationery, Postages&Books | 2,462 | 0 | 2,462 | 220 | |||
| Accountancy& Payroll Fees | 600 | 0 | 600 | 500 | |||
| Depreciation ofAssets | 13,112 | 0 | 13,112 | 11,443 | |||
| Subscription Fees | 1,916 | 0 | 1,916 | 2,062 | |||
| Professional/Administration Fees | 14,188 | 0 | 14,188 | 5,752 | |||
| Insurance& Licences | 1,225 | 0 | 1,225 | 1,293 | |||
| Utilities, Phone& Internet Bills | 1227 | 0 | 1227 | 1,003 | |||
| Bank Charges | 281 | 0 | 281 | 293 | |||
| StaffSalaries&Allowances | 15,235 | 0 | 15,235 | 14,769 | |||
| Finance Interest (Car) | 318 | 0 | 318 | 635 | |||
| PropertyCosts | 35,523 | 0 | 35,523 | 238,069 | |||
| __89,698_—«89 Page8 . |
_—«89 698 | 300,385. . |