REDEEMED CHRISTIAN CHURCH OF GOD
RCCG (HOUSE OF THE LORD)
FIIYANCIAL STATEMENTS FOR THE YEAR ENDED
DECEMBER 2024.
CHARITY NUMBER 1135180

RCCG (HOUSE OF THE LORD)
INDEX
Content
Page
Index to the content
Trust¢es Report
24
Accountants Certiticate
Income and Expenditure Account
Balance Sheet
Notes to the Account
Page I

THE REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF THE LORD
TRUSTEE REPORTS FOR THE YEAR ENDED 3151 DECEMBER 2024
The Trustees have the pleasure of presenting their annual report together with the
accounts for the year ended 31" December 2024.
TRUSTEES
The members of the trustees during the year were:
Deaconess Adeyoola Atinuke Turkson
Minister Olufemi Adeniji
Minister John Owusu
MINISTER IN CH.4RGE
Pastor Ebo Turkson
OBJECTIVES & ACTIVITIES
The objecliv¢s ofthe RCCG-HOUSE OF THE LORD are:
l. The advancement of the Christian faith worldwide
2. The reliefofpoverty
These objectives are pursued by the operation of a centre for Christian worship at
Wally Foster Communiiy Centre. Marsh Hill, Homerton Rd. London E9 5QB.
The principal activiiies of the Church are Christian worship. Christian outreach
programmes to increase Christian awareness and to spread the gospel of our Lord
Jesus Christ and the development of the whole man, spiriiually. mentally and
physically. There are a number of volunteers who assist in helping to achieve the
objectives.
DEVELOPMENT ACTIVITIES & ACHIEVEMENTS IN THE YEAR
The charity is committed and is successfull), ministering to the need5 of the various
social groups within and outside thc Church. The charity provides forum for
manpower development for its members to be equipped educationally, socially and
spirilual ly. To enable ihe charily to meet the needs of every ag¢ group there are
different forums created:
(i)
The Children Church - for children ages 3 - 12
Youth Group - Ages 13 - 20
(iii) The Singles Fellowship- unmarried males & females from age 21
(iv) The women s t"ellowship- for all married women
(v)
The Men s group- for all married men
(vi) The Elders. Forum- for all men & women aged 50 and above
These giroups meets monthly to fellowship together, discuss and encourage one
another on issucs (socially and spiritually) PeCU&iar to th¢ r¢spective groups.
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They are also given a day in the year to demonstrate their impacl and create an
aw'areness lo the Church.
To meet the spiritual needs of the members and ihe development of the total man,
Believers class. Volunteers training classes were run during the year. Water baptism
was conducted during the year for people that gave their lives to God and passed
through the n¢Lessary teaching class.
We sent financial support to other charities and also actively and strongly support the
World Evangelical Mission and the biannually held Festival of Life prayer event of
the RCCG which aims at furthering the Christian faith all over the world.
To relief poverty. Ihe Charity has a welfare scheme where people's need are met
physically and financially in additional to the spiritual assistance given.
FUTURE DEVELOPMENTS
The charity aims as part of fvlfilling its objectives to create more t"acilities and
progjrams that w ill help develop the whole man, spirilually. menially and physically.
We aim to also increase our relevance to the community by investing time. energy and
money into activities and programmes that will help prevents youth crimes,
depressions in people, child abuse and such social vices that are eating deep inlo the
fabric of our society.
REVIEW OF FINANCIAL POSITION
Please refer to the account for the details of the financial statements for the period
ended 31 December 2024.
The charity has a reserve policy in order to ensure the ongoing delivery of its
charitable objects during any unforesecn downturn in income. There is also an
additional need io accumulate rcserves in order to provide for the future development
of the charitj s facilities.
The charity's principal funding source continues to be the individuals who attend
5erviLes offered by the charity in ternis of Sunday and midweek services.
STATEMENT OF TRUSTEES, RESPOIYSIBILITIES
The Charities Act requires the Trustees to prepare financial statements for each
financial )ear 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 thal period. In preparing these financial
statements. the trustees are requested to:
Select suitable accounting policies and then applj. them COT]SiStently
Make judgements and eslimates that are r￿￿Onable and prudent
State whether applicable accounting standards and statements of
Terommended practice have been followed. subject to any departures disclosed
and explained in the financial statements;
Prepare the financial statements on the going concern basis unless it is
inappropri4ite to presume that the charit! will continue in opcration.
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The Trustees are responsible for keeping proper accounting records, which
disclose with reasonable accuracy at an). time the financial position of the charity
and to enable them to ensure thai ihe financial staiernents comply with the
Charities Act. They are also responsible for safeguarding the assets of the charity
and hence f.or taking reasonable steps for the prcveniion and detection of fraud and
other irregularilies.
APPROVAL
Approved b), the board of trustees on the .
and signed on its behalf by-
TRUSTEE: Adeyoola Turkson DATE:
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RCCG (HOUSE OF THE LORD)
ACCOUNTANTS CERTIFICATE
ST
FOR THE YEAR ENDED 31 DECEMBER 2024.
In accordance with instruction given to us, we have prepared the Annexed
Income and Expenditure account and balance sheet under the historical
cost convention, using the accounting records; inforniation and
explanation supplied to us by the trustees, and certify that they are in
accordance there-in.
Topson & Co (Accountants)
24 Harbour House
Coldharbour Lane
Rainham
RM13 9YB
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RCCG (HOUSE OF THE LORDI
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
SUMMARY INCOME AND EXPENDITURE ACCOUNT.
N¢>t*s Unrestricled Restricted
2024
2023
INCOMING RESOURCES
Donations
25072
25072
21705
Other voluntary income
1703
1703
2186
Charity and ancillary trading
Income from Investment
324
324
133
TOTAL INCOMING RESOURCES
27099
27099
24024
RESOURCES USED
Grants
5209
5209
8140
Direct parish expendrtu
13653
13653
15717
Administration
TOTAL RESOURCES USED
1936
19362
24357
NET INCOMING RESOURCES
7737
7737
-333
BALANCES BIF AT BEGINNING
OF YEAR
33377
BALANCES CARRIED FORWARD
40781
40781
33044
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RCCG IHOUSE OF THE LORDI
BALANCE SHEET
AS AT 31st DECEMBER 2024
2024
2023
Fixod assets
Tangible asset$
10
Current assets
Cash al bank and in hand
Debtor
Creditor.. amounts falling due
within one year
41281
33544
Nel current assets
N•t curr•nt assets l¢ss curr8nt
liabilitles
40781
33044
40781
33044
Funds
Restricted fund$
Unrestricted funds
Total funds
40781
40781
33Q44
33044
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RCCG (HOUSE OF THE LORDI
NOTES ON FINANCiAL STATEMENTS
For the year 31st December 2024.
1. Accountlng Policie$
The finanGial slalement5 have Pfepare(i under the historical o)sl cOnven￿n. and in ac￿rdanCe ￿th the statement of
Recommended practice. accounting and Reporting by Charities ISORPI issued In o￿ober 2005. applicable accounling
standards and companies Act 21)]6.
2.Donations
Unrestri¢t•d
Funds
Restricted
Funds
2024
2023
Tithes
Offerings
Others
14750
4322
14750
4322
16565
5140
25072
217
3.Other voluntsry Income
Thanks giving
MMI week colLe¢tion
962
741
170
1480
705
2185
741
1703
4.Income trom charitable
and ancillary trading
Books and tapes
4a. Income from Inv*stsnents
324
324
133
5.Gr•nts pald
Missionary and charrtab
giving..
Wem
Central office
Mission
4159
600
450
5209
4159
4240
450
5209
3300
8140
6.Dir¢¢t parish oxpandlture
Church - running cost..
rent and rates
Omc/Conlerences
Repairs
Retreat
ststioneryladmin
Welfare
Honcsrarium
Bookslco's
TelephonellT
depreciation.
musical instruments
12000
536
12000
679
536
2385
350
100
600
78
339
200
103
78
13653
13653
15717
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7.Admini$trative expendlture
Accountants fee
bank charges
500
8.Net movement in funds for the
year
The net movement in fvnd for the year ts slated after charging..
2024
Depreciation on tangible assets
Accountants remuneration
9.staff cost
Minisiers remuneration paid in the year amounted io
Other Volunteers Cost
10.Tangible fixed ass•ts
Used directly for the parish purposes
cost at 1st January 2024
Additon during the year
Gross book value at 31st Dec. 2024
Deprechation
At 1 sl January 2024
Charge for the year
Al 31st De¢. 2024
Net book value at 31 De¢. 2024
Nel book value at 31 Dec. 2023
Key Board
3779
3779
3779
3779
All fixed assets are used directly for the church purposes.
11.Creditors: amounts tslling due within one year
Accounlanls fees
Rent
Wem
500
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