# **THE REDEEMED CHRISTIAN CHURCH OF GOD ADONAI AMBASSADORS ASSEMBLY**
## **TRUSTEES REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JANUARY 2025**
**(Company Limited by Guarantee)**
**Company Reg. No: 06798958 Charity Reg. No: 1131076**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY**
|**CONTENTS**||
|---|---|
|Charity Information|1|
|Trustees Annual Report|2-5|
|Independent Examiner Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to Accounts|9-12|
## **THE REDEEMED CHRISTIAN CHURCH OF GOD -ADONAI AMBASSADORS ASSEMBLY**
## **Charity Information**
## **General Overseer**
Pastor E. A. Adeboye
## **Directors/Trustees**
Mr Christopher Okworu Mrs Adejumoke Agbenike Mr Emmanuel Adeyemi Akinyemi Mrs Funmilola A Oyeniran
## **Minister In Charge**
Pastor David Akomolafe
**Company Registration No:** 06798958
**Charity Registration No:** 1131076
## **Principal Location**
Adonai House 13 Trowbridge Road Romford RM3 8YW
## **Bankers**
HSBC PLC 23 Denmark Hill Camberwell Green London SE5 8RP
## **Accountants/Independent Examiner**
Enodel UK Limited t/a iSolve Accounting & HR 29 Main Road Romford, Essex United Kingdom RM1 3DD
1
## **THE REDEEMED CHRISTIAN CHURCH OF GOD- ADONAI AMBASSADORS ASSEMBLY**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2025**
The Trustees submit their annual report and the financial statements of The Redeemed Christian Church of God - Adonai Ambassadors Assembly (the church) for the year ended 31 January 2025. The Trustees confirm that the annual report and financial statements of the church comply with the requirements of the church's governing documents, Charities Act 2011 and the “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)”.
## **Structure, governance and management**
## **a. CONSTITUTION**
The church was constituted under a company limited by guarantee under a memorandum and article of association incorporated 22 January 2009 and was registered on 19 August 2009 as a charity in England and Wales with charity number 1131076.
## **b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS/TRUSTEES**
Directors/Trustees are elected and co-opted under the terms of the Articles of Association.
## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES**
The induction process for a newly appointed member of the Trustees comprises an initial meeting with other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.
## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
The church is organized so that the directors/ trustees meet regularly to manage its affairs. The trustees manage the day-to-day administration of the church.
## **e. RELATED PARTY RELATIONSHIPS**
RCCG Adonai Ambassadors Assembly is a member of the Redeemed Christian Church of God (RCCG), which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an 'Agreement for Common Purposes'.
## **f. RISK MANAGEMENT**
The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church and are satisfied that systems are in place to mitigate our exposure to the major risks.
## **Objectives and Activities**
## **g. POLICIES AND OBJECTIVES**
The objects of the Charity are:
- The advancement of the Christian faith worldwide; and
- The relief of poverty
## **h. STRATEGIES FOR ACHIEVING OBJECTIVES**
The church has adopted the following strategies for achieving the above objectives:
2
* Organizing seminars and conferences in the church with proven speakers and ministers of the faith to guide members in the various aspects of the Christian faith; and
* Support for other charities and Christian events.
## **i. ACTIVITIES FOR ACHIEVING OBJECTIVES**
- Community Outreach Events
- Conferences and events
- Welfare support to members and general public, and
* Various missionary activities
## **The Charity was involved in the following public benefit efforts:**
* The charity continues to be involved in the community by engaging in different initiatives for public benefit.
* The church apart from providing spiritual support for her members has continued to be alive to her social responsibilities within the Harold Hill community
- The church continues to support the Pennu charity
- The church also provides food support through her Storehouse Initiative in co-operation with The Fareshare Group. The users come for food collection especially on Sundays.
* The usual church August Annual Event tagged The Summerfest for the youth and children continues to be a major youth programme for the youths in the church and the community. Trained medical personnel were invited to speak during the last Summerfest.
## **j. GRANT MAKING POLICIES**
Under the Common Purposes Agreement (see above), RCCG-Adonai Ambassadors Assembly has agreed to make contributions to RCCG (UK). In addition, the church supports missionary organizations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation who are in need. This is done at the discretion of the trustees.
## **k. STAFF & VOLUNTEERS**
The charity has no employees. All services provided by the Charity have been carried out by volunteers. The church is grateful for the efforts of its volunteers who are involved in service provision. Stipends of
£14k represent support to the minister in charge. No individual received remuneration exceeding £60,000.
## **Achievements and performance**
## **l. REVIEW OF ACTIVITIES**
There has been appreciable growth in the spiritual and physical life of the church and her engagement with the members and the community through various programmes have been very productive.
Such programmes include the “Stay Healthy” Sunday programme that holds from time to time whereby medical professionals in the church give talks on relevant prevailing health matters.
The JEANS (Joint Effort Advocating New Society) youth initiative which is a leadership and mentoring initiative for the youth continues to be popular and The Youth Hangout that holds on Saturdays within the church premises continues to thrive.
The CREAM (Christ Rules Everything Around Me) is a children’s initiative geared towards encouraging them to participate in sporting activities
Ultimately, the vision is to start a separate youth church to serve the youth and other young people especially in addressing their physical and spiritual needs.
## **m. INVESTMENT POLICY AND PERFORMANCE**
The Trustees have decided that at present, funds should be retained in Banks and Building Societies. The board
3
should agree any change in such banking arrangements. As far as possible, funds will be retained in interest bearing accounts.
## **n. FINANCIAL REVIEW**
Total income for the year was £78,473; total expenditure was £84,568, resulting in a deficit of £6,095. The deficit represents the charitable activities and initiatives that was delivered in the year including one-off charges incurred when the charity refinanced its mortgage, see note 9.
The above brings net assets at year-end were £149,059 (2024: £160,055).
## **o. RESERVES POLICY**
Unrestricted reserves are maintained at a minimum level equivalent to around three months’ core operating costs. At 31 January 2025, unrestricted funds were £122,916, meeting this minimum.
## **p. GOING CONCERN**
The trustees have reviewed the financial position and consider the charity to be a going concern for at least twelve months from approval of these financial statements.
## **q. PRINCIPAL FUNDING**
This is provided mainly through voluntary giving of tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
## **r. FUTURE DEVELOPMENTS**
Part of the plan for future developments is to start a new church to be called The New Wine Church and another initiative to be called THRIVE with the aim of actively preparing and supporting the young graduates from the universities and apprenticeship in order to thrive in their chosen careers.
The church will also continue to explore various ways to spread the gospel of Jesus Christ in a more effective manner especially through the use of social media in order to extend her reach.
As a charity we continue to look at different ways to grow our membership and make more impact within our community. In this regard we intend to hold seminars and webinars that will help in making the vision and purpose succinctly clear to the generality of the people within our community.
4
## **Trustees' Responsibilities in Relation to the Financial Statements**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations.
The Charities Act 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 charity and of the surplus or deficit of the charity for that period.
In preparing these financial statements, the trustees are required to:
- a) Select suitable accounting policies and apply them consistently;
- b) Make judgments and estimates that are reasonable and prudent;
- c) State whether applicable accounting standards and statements of recommended practice
- have been followed, subject to any departures disclosed and explained in the financial statements.
- d) Prepare the Financial Statements on the going concern basis unless it is inappropriate to
- presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to 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 for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the Board of Trustees and signed on their behalf by:
## Signature: Christopher Okworu
Name: Christopher Okworu
Date: 31 October 2025
5
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025, which are set out on pages 7 to 12.
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
## **INDEPENDENT EXAMINER'S STATEMENT**
I have completed my examination and can confirm that no material matters have come to my attention, which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination: or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## **INDEPENDENCE DISCLOSURE**
As the charity’s independent examiner, we also act as the charity’s external accountant for the purpose of preparing the annual accounts. The trustees are satisfied this does not compromise independence as the work is limited to accounting and reporting functions and the examiner is not a trustee, officer, or related party of the charity.
Olusiji Odeleye
Enodel UK Ltd t/a i-solve Accounting & HR 29 Main Road Romford Essex RM1 3DD
Date: 31 October 2025
6
## **THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY Statement of Financial Activities for the year ended 31 January 2025**
|||**2025**|**2025**|**2025**|_2024_|
|---|---|---|---|---|---|
||**Notes**|**Unrestricted**|**Restricted**|**Total**|_Total_|
|||**£**|**£**|**£**|_£_|
|**Income from:**||||||
|Donations and legacies||45,712|-|45,712|_35,620_|
|Charitable activities|2|6,479|19,440|25,919|_1,556_|
|Other income||6,842|-|6,842|_8,602_|
|**Total Income**||**59,033**|**19,440**|**78,472**|_45,778_|
|**Expenditure on:**||||||
|Raising funds||-|-|-|_-_|
|Charitable activities|3|82,043|-|82,043|_37,000_|
|Governance costs|4|2,525|-|_2,525_|_4,119_|
|**Total Expenditure**|5|**84,568**|**-**|**84,568**|_41,119_|
|**Net (expenditure)/Income**||**(25,535)**|**19,440**|**(6,096)**|**_4,659_**|
|Transfers between funds||3,353|(3,353)|_-_|_-_|
|**Net movement in funds**||**(22,182)**|**16,086**|**(6,096)**|**4,659**|
|**Reconciliation of funds**||||||
|Total funds at 1 February 2024||145,098|14,957|160,055|155,396|
|**Total funds as at 31 January 2025**|**6**|**122,916**
|**31,043**|**153,959**|**160,055**|
7
## **THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY Balance Sheet as at 31 January 2025**
|**THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS**
**Balance Sheet as at 31 January 2025**|**ASSEMBLY**||
|---|---|---|
|**2025**
**Notes**
£
**£**
**FIXED ASSETS**
Tangible Fixed Assets
**7**
399,878
399,878
**CURRENT ASSETS**
Debtors
-
Cash in Hand/ Bank
3,322
3,322
**CREDITORS:**
Amount falling due within a year
8
-
**NET CURRENT ASSETS**
3,322
**TOTAL ASSETS LESS CURRENT LIABILITIES**
403,200
**CREDITORS:**
Amount falling due more than a year
**9**
249,241
**NET ASSETS**
**153,959**
**ACCUMULATED FUNDS**
Restricted
31,043
Unrestricted
122,916
**TOTAL FUNDS**
**10**
**153,959**|**2024**
**£**
383,565
383,565
-
745
745
125
620
384,185
224,129
**160,055**
14,957
145,098
**160,055**|**2024**
**£**
383,565|
|||383,565|
|||384,185
224,129|
|||**160,055**|
|||14,957
145,098|
|||**160,055**|
Approved by the Board of Trustees on 31 October 2025 and signed on their behalf:
Christopher Okworu
Christopher Okworu Trustee
8
**THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY Notes to the financial statements for the period ended 31 January 2025**
## **Accounting policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **Basis of preparation**
The accounts have been prepared in accordance with Financial Reporting Standard 102 (FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), for charities issued in July 2019 and applicable accounting standards.
## **Income recognition**
These are recognised in full in the Statement of Financial Activities when the charity is entitiled to it, it is probable that the income will be received and the amount can be measured reliably. income from tithes, offerings, gift aid or any other donations and legacies are accounted for when received or when the entitlement is know. Grant income are recognised when the performance conditions are met.
## **Fund Accounting**
Unrestricted funds may be used for any purpose within the charity’s objectives. Restricted funds are donations or grants received for specific purposes
## **Donations and legacies**
Theses comprise of voluntary gifts, tithes, and offerings from members and supporters.
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
## (i) Charitable activities
This comprises all costs incurred by the charity in the delivery of its activities and services for its beneficiaries.
## (ii) Governance costs
This comprises all costs incurred by the charity in support of the service delivery.
9
## **THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY Notes to the financial statements for the period ended 31 January 2025**
## **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at at deemed cost less depreciation, the capitalisation limit is £200. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land & Building at 2% reducing balance
Leasehold Improvements at 2% reducing balance Computer, projectors & musical equipments at 15% reducing balance Fixtures & Furnitures at 15% reducing balance
Impairment is considered annually.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due.
## **Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors & Provisions**
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Cash flow statement**
The charity is entitled to the exemption from preparing a cash flow statement under FRS 102 as gross income is below £500,000.
10
## **THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY Notes to the financial statements for the period ended 31 January 2025 Cont.**
## **2 Income from: Charitable Activities**
|**2 **|**Income from: Charitable Activities**|||||
|---|---|---|---|---|---|
|**3 **
**4 **
**5 **|Grant income
Gift Aid
**Total**
**Expenditure on: Charitable Activities**
Bank charges
Central Office
Depreciation
Donation- Other Charities
Festival Of Life
Financing Costs
Insurance
Light and heat
Loan Interest
Repairs, Renewals & Maintenance
Stipend contributions & allowance
Office Admin
Misc Expenses
Travelling & Hotel Expenses
Visiting speaker
Event Costs
Training and development
Welfare, Donations, & Hospitality
World Evangelical Mission
**Governance Cost**
Property Consultancy
Accountancy Fees
**Total**
**Total Resources Expended**
Charitable Activities
Governance Cost|**Unrestricted**
**funds**
**£**
-
6,479
**6,479**
**Unrestricted**
**funds**
**£**
211
1,400
8,573
3,746
-
6,550
2,137
1,471
14,425
2,191
14,664
978
-
407
750
5,041
2,639
3,162
13,698
**82,043**
**Unrestricted**
**funds**
**£**
-
2,525
**2,525**
**Unrestricted**
**funds**
**£**
82,043
2,525
**84,568**|**Restricted**
**funds**
**£**
19,440
-
**19,440**
**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
**-**
**Restricted**
**funds**
**£**
-
-
**-**
**Restricted**
**funds**
**£**
-
-
**-**|**Total**
**2025**
**£**
19,440
6,479
**25,919**
**Total**
**2025**
**£**
211
1,400
8,573
3,746
-
6,550
2,137
1,471
14,425
2,191
14,664
978
-
407
750
5,041
2,639
3,162
13,698
**82,043**
**Total**
**2025**
**£**
-
2,525
**2,525**
**Total**
**2025**
**£**
82,043
2,525
**84,568**|**Total**
**2024**
**£**
1,556
8,602
**10,158**
**Total**
**2024**
**£**
226
1,200
8,158
2,350
300
-
1,113
1,136
16,786
100
-
638
150
-
-
810
-
-
4,033
**37,000**
**Total**
**2024**
**£**
2,319
1,800|
||||||**4,119**|
||||||**Total**
**2024**
**£**
37,000
4,119|
||||||**41,119**|
11
**THE REDEEMED CHRISTIAN CHURCH OF GOD-ADONAI AMBASSADORS ASSEMBLY Notes to the financial statements for the period ended 31 January 2025 Cont.**
## **6 Analysis of net assets between funds**
|At 1 February 2024
(Deficit)/Surplus for the year
Transfer between funds
At 31 January 2025
**Tangible fixed assets**
**Cost**
At 1 February 2024
Additions
At 31 January 2025
**Depreciation**
At 1 February 2024
Charge for the year
At 31 January 2025
**Net book value**
At 1 February 2024
At 31 January 2025|**Unrestricted**
**funds**
**£**
145,098
(25,535)
3,353
**122,916**
**Land &**
**Building**
**£**
340,000
-
**340,000**
13,464
6,531
**19,995**
326,536
**320,005**|**Restricted**
**funds**
**£**
14,957
19,440
(3,353)|**Total 2025**
**£**
160,055
(6,096)
-
**153,959**
**Computers,**
**Projectors,**
**Musical**
**Equipments**
**£**
9,138
990
**10,128**
8,118
301
**8,419**
1,019
**1,708**|**Total 2024**
**£**
155,396
4,659
-|**Total**
**£**
448,882
24,886|
|---|---|---|---|---|---|
|||**31,043**||**160,055**||
|||**Leasehold**
**Improvements**
**£**
93,881
23,896||**Fixtures &**
**Fittings**
**£**
5,863
-||
|||**117,777**||**5,863**|**473,768**|
|||38,970
1,576||4,765
165|65,542
8,573|
|||**40,546**||**4,929**|**73,890**|
|||54,911||1,099|383,565|
|||**77,231**||**934**|**399,878**|
## **7 Tangible fixed assets**
Tangible fixed assets includes the mortgaged property at Adonai House, 13 Trowbridge Road, Harold Hill, Romford, RM3 8YW.
## **8 Creditors: amounts falling due within one year**
|**Creditors: amounts falling due within one year**||
|---|---|
|**2025**
**£**
Accruals
-
**-**
**Creditors: amounts falling due more than a year**
**2025**
**£**
Mortgage
232,524
Other Long-term Loans
16,717
**249,241**|**2024**
**£**
125|
||**125**|
||**2024**
**£**
202,132
21,997|
||**224,129**|
## **9 Creditors: amounts falling due more than a year**
During the period the Charity refinanced its mortgage for the land and building asset named in note 7.
## **10 Total Funds**
Unrestricted funds are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
Restricted funds are used for the purpose as specified by the donor. During the period the charity secured two years funding totalling £19,440 for its youth and children innitiative.
## **11 Related Parties**
No trustee received remuneration or expenses.
## **12 Post Balance Sheet Events**
There were no material post balance sheet events.
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