Rryisttred ChaTity No- 11375$3 REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) _ GARDEN OF COVENANT PARISH Trustees, Report and Accounts For the Year Ended 31 December 2025
CONTEiNTS PAGE Legal and Administrative Details Trustees, Report Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes to the Accounts io
REFEREt%CE ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees l. Adedunke Oladunni Oyenekan 2. Oluwalosin Ogini 3. p&sr Benneii Nonso Charitv registered Number 1137553 Date of Charil*ble Regislralion 20 Augusi 2010 Principal office l () Warren Gardens Hadlow Tonbridge Kent TNII IIBF IJJdependenl examiners Accouniing Assisl Lid Clo G)d to Give Lid Bankers Lloyds Bank plc 2.$ Gresham Sireei. London EC2V 7HN
TRUSTEES. REPORT FOR THE YEAR EDED 31 DECEMBER 2025 The Board olTruslees, who are the thisiees for charity law purp)ses, submit iheir annual report and the financial statement of Redeemed Chrisiian Church of God (RCCG) - Garden of Covenani Parish for ihe year ended 31 December 21125. The Board ofTrusiees confinns ihat the annual repori and financial siatements comply with the Charilies Act 201 I, (he eharily's goveming document. and the Charities SORP IFRS 102)- updated January 2019. Structiire? governance and management The 3 Trustees are: Adedunke Oladunni Oyenekan Oluwa105in Ob?ini Pastor Bennett Nonso The Trustees play a primary role in ensuring good governance and funclioning of the foundation. The Board's role. functions and responsibiliiies are qui clearly defined. Governing Document: Redeemed Christian Church of God IRCCG) - Garden of Covenant Parish wa5 fir51 regiisiered as a charity on 211 Augiusi 211111. li Ceed operating and was removed from the Chariiy Commission regisier on l) June 21113. before being re-regisfrred on 31 July 2013. Recrul¢ment and appoinlment of trustees: The members of the General Trustee Board Irustees for the purposes of charity law. New trustees may be appoinLed by resoluiion of a meeiing ofthe irustees. Much ofthe charity's work focuses upon the promotion of the Chrislian religion and the running and mainienance of lis places of worship. The General Truslee Board seeks to ensure thai the needs of this group are appropriately retlected through ihe diversity of ihe injstee ix)dy. To enhance the polentiol pool of Irusiees. the charily has. through seleclive adN'ertising and nelworking wilh i'oluniary organi7.ations aciive in the secior, soughi to identify those who would be willin8 ¢0 become members of the charily and use their own experience io ossist Ihe charity. Risk Management: We are committed to a policy ofidenlifyingj. nx)niloring and managFing the risks that mighi adversely affeci the a¢liviiies in which w'e are involved. In this coniexi. risk is defined as the potential 10 fail 10 achieve charity objeciives and for loss, financial and repulational, inherent in ihe environment in which we operate in the naiure ofihe Iransaclions undertaken. The principal risk ofthe charily has been its dyndence on voluniary incorne. Tnlee5 have iniliaied various processes 10 miligate such risk. so thai the charily has suificieni reserve in the event of adverse condiiion(s). The trnstees have also examined other
TRUSTEES, REPORT FOR THE YEAR EDED 31 DECEMBER 2025 opeTational and business risks which they face and eonfirn) that they have taken siq)s to mitigafr the significanl risks. Public Benefit: The Trustees have complied with Ihe duty in Section 17 ofihe Charities Act 201 l and have paid due regard 10 public benefil when preparing this report. The benefit provided lo the public is consistent with the aims olihe charity in UK. Objectives and *ctivitie$: The principal purw)se ofihe charity is the advancement ofthe Chrisiian faith in accordance with ils Sthiemenl of Faith. and ihe reliefofpoveny. Financial review: The coniribution to the chariiy for the year Carne from donatio received from members. The charity began ils charitable actii'ities from August 2010. The Charity currenily aims 10 designate Ihe tothl fund e1Ved less expenses for Ihe main objective of the charity. Plans for future perfods: The Charity will conlinue to hold ils services and may look at other fundraising even in the futu. Statement of Board of Trustees, respon51bililies The Board ofTrustees are sponsible for preparing the Annual Report and Ihe rinancial statements in accordance with applicable law and Uniied Kingdom Generally Accepted Accountin8 Practice. Chariiy law applicable to chariiies in Englan(VWales requires the Board of T$¢$ 10 prepare financial slatemenls for each financial year which gives a true and fair view or the stale ofaffairs ofthe Chariiy and of the surplus or deficil of the Charily for that period. In preparing those financial stalements the Board of Truslees have.. Selected suitable accounling policies and applied thern consistently, Made Judgments and eslimates thal are reasonable and prudent. Sthted whether appli¢able a¢¢owiting si#ndJrds haN'e been followed, subje¢1 io any material depanures disclosed and explained in ihe financial staiements,. and Prepared Ihe financial siatemenis on a going concern basis (unless li is Inapproprle lo presume thai the Charity will coniinue in operation).
TRUSTEES. REPORT FOR THF. YEAR ENDED 31 DECEMBER 2025 The Board of Trnstee5 has overall Twnsibility for enIng that the Charity has an 4Fyropriotc system of Lontrol$, financial aud otherwis& They are a150 responsible for keeping proper accuuntin8 records which diYk)sc with re&soDable accurncy at any time thc fwancial pusition of the c}'ty and enable them to ensure that the fin8ncial statements. comply with the CharÈti¢s Act 2011. They arE also r¢sponsible for safegu&lTding the &sseis of thc Cbarity and h¢nc¢ for taking re480nable si¢ps for the detection and prevention of fraud and otber TTregularities. The Board of Tnkn is S)nsibl¢ for the nuinienartt I1 integrity of the rpOrats and financial infomiilion. T,egi51arion in the Unikd Kingdom 8ovvrning the pparatIOrt and dissemination of financial slaieD)ents may diff¢r frum le8islatton in other juri8di¢tions. StataneDt of disclosure of infornl0 to itid¢peodcnt ¢xamttt¢r W¢, &s the Tnte¢S of the Charity held office at the date of approval of these rinanrial ststements c0nftrr so far8s we are aware. that: There is no ttlevant information of whicb the Clwiws indwdeot examincr 18 unaware: and we have tsken all the steps that we ought to have tsken as TnteeS to make ours¢lves aware of any relevant infornmtion and tt) astabli¥b that the choritys indq)endeni examiner is Awar¢ of that infomiation. Independent Ex•ml4er The Charitys indepetht examin. Anum Haw FCLA ofAc¢ountin¥ Assisi Lid Clo Good io Give Lt4L bavc indicatrd their willingntss to offcr themselvts for 8pN)intmcnt. This r¢FQrt w&$ approved by the TnJ8tees on and si&d on their behf by.. Siguatsre.....
II%DEPE)'DENT Ex.4mlER,s REPORT FOR THE YEAR EliDED 31 DECELMBER 2025 JNDEPENDEfT EK4%11NER'S REPORT TO THE TRLSTEES OF REDEEMED CHRISTIAIN CHURCH OF GOD IRCCG)- GARDEN OF COVENAliT PARISH. I report on thc financi Sla¢ts ofthc charity for thc y¢ar cndcd 31 Dffcmber 2025 whi¢h comprise Ihc Siaiemeni of Financial ACil111cS and Balance Sheci with associate noics. This rcpon is madc solely to ihc charity's Trusiccs. as a FKMJY. in accordancc 'Ith section 145 ofihe Chariiics Aa 2011 and r¢gulaiions madc und¢r s¢¢tion 154 of tha¢ Aci. My work has b¢¢n und¢riaken so thai I might siaie io ihe chariiy's Trusiees Ihose mailers l am required io stale io ihem in an indepcndcni cxaminer's report and for no oihcr purw)se. To ihc fullcsi extent pcrn11id by law. I do not accepi or assume responsibility to anyone other than thc ¢barity and ih¢ charity's Trusi¢¢s as a body. for my examinaiion work. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EmINER The chariiy's Truses are responsible for ih¢ preparaiion ofthe finan¢ial stai¢menis. and Lh¢y consider thai an audii is noi rcquircd for this ycar undcr section 144121 olthe Charilics Aci 2011 (thc Act) and thai an indcpcndcni cxaminaiion is nccdcd. li is my rcsponsibiliiy to.. Examinc the accounis (under Scciion 145 of ihc Chariiics Aci). To follow thc proccdures laid down in thc Gcncral Dircclions givcn by the Charity Commissioncrs {undcr Seclion 14515Xbl of the Chariiic5 Act): and To staic whcihcr panicular maiicrs ha%'c comc io my aiicnlion. Ba%1$ of Independcnt Examiner's report My ¢xaminaiion was ¢arri¢d oui in fK¢ordan¢¢ wilh ih¢ Gcncral Dir¢ctions giv¢n by ¢h¢ Ch)riiy CommissioncTS. An cxuminalion includcs a rei'iew ofihc accounlinbi rccord5 kcpt by ihc charily und a Comparison of ihc accounts prcscnicd '1(h ihosc rctords. It also includes considcrniion ofany unusual items or disclosures in ihe accounts and sceking explanaiions from you as irusiees conccrning any such mattcrs. The pr(¢durcs und¢rthk¢n do not prold¢ all ihc ¢i'idcnc¢ thai M'ould b¢ r¢quircd irt an udii. and cons¢qu¢ntly no opinion is giv¢n as io wh¢th¢r th¢ a¢¢oun(s pr¢s¢ni a 'iru¢ and fair. vicw and the report is limiied to ihos¢ mailers sei oui in the sthiemeni below. Indei)endent Ex#mincr'¥ ¥ttemc'n¢ In conncction with my cxaminaiion, maii¢r ljas comc io my aticniion: l} whi¢h giv¢s m¢ rcasonablc cause w lI¢e Ihai in any mai¢rial rcspcci thc r¢quir¢m¢nis.- lo kccp accounting rccords in accorduncc wilh 5CCtion 130 ofthc Acl: and io picparc financial sthi¢m¢nts which accord with th¢ accouniing r¢¢ord5 and Comply wilh thc accounlin8 rcquircmcnts of thc A havc not b¢cn mct. or 2) to which. in my opinioo att¢ntion slb)uld drawn in der to cnablc a prow undcrsthnding fLiiallLial siaittii¢llts b¢ ieacb¢d. Signed.. Anum Ha55an FCCA Orh bchaifof Accounting Assist Ltd Daied.. 1810512026
STATEMENT OF FIN.4NCIAL ACTIVITIES {Incorw)raling Income and expenditure accounl) FOR THE YEAR E.%DED JI DECE.MBER 2025 Unrestricted Restricted Total Funds Total Funds 2025 2025 2025 2024 Notes Ineomin% resourtes Donaiions and Legacies 66.626 66.626 53.WO Total Incoming resources 6&626 66.626 Resources expended Expendlture on: Charitable Activilies 59,42C) 59,426 39,991 Govemance Cosis 720 720 720 Total Resources expended 60,146 60,146 40,711 Movement in lotal fund for Ihe year- Nei income l (expendilure) For Ihe year Fund balance brought forward 6,480 6,480 12,289 1&290 18,290 6,001 Fund balance carried forward 24,770 24,770 18390 8IPage
BALAYCE SHEET AS AT 31 DECEMBER 201$ 2025 2025 2024 2024 NonQurrent Assets Tangible assets L()ng-terni lease deposit 2.474 29,443 CURRE ASSETS DebtOT¥ Lash at bank 2,000 14.926 l*A926 4.433 C.RF.DITORS.. arno16 folling due within one year 14.010 NET CURRENT A&SETS 9J77 IS1116 NET ASSETS 24.770 1&290 CHARITY FUYDS Unre8trt¢led hmds Restricted funds 24,770 18,290 TOTAL FUNDS 24,770 18,290 The finwwi81 scatemcnts were approved by the Tnte¢8 on and 8i8JKd on iheir behalf. by. /kle&nkÉ .0 OYefjékA Slgn4tur¢.... DAte... The Notes on pa8¢ 10 to 12 fomi part of these xcounts.
OTES TO THE FINAYCIAL STATEMENT FOR THE YEAR ELNDED 31 DECEMBER 2025 Accounting Policies The principal accounling policies adOpd by ihe Chari(y, which is a public benefit entiry, in the preparalion of the accounts are as follows. 1.1 Basis of preparation These accounis hai'e been prepared under the historical cost conveniion, as modified by the inclusion of charitable properties and red assel invesiments and investmenl properties al valuaiion. These accounts have been prepared in accordance with "Accounting and Reporting by Chariiies.. Siaiemeni ofRecommended Praciice applicable io chariiies preparing their accounts in accordance with Ihe Financial Reporting Siandard applicable in ihe UK and Republic of Ireland IFRS 1112)" (elTeciive l January 21119) - (Chariiies SORP IFRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charilies Acl 2011. These accounts are presented in pounds slerling and rounded to the nearest pound. 1.2 Goin£ concern The Trustees have prepared financial projeciions. thking inio consideration the cuent economic condilions and have, ai Ihe lime ofapproving Ihese accounts, a reasonable expeclalion that Ihe charily has adequaie resources lo coniinue in operalional exislence for the foreseeable future. Thus. they coniinue 10 adopi Ihe going concern basis of accouniin8 in preparingj the accounts. 1.3 Income from don*tions or grantg Income from donations and grants 15 reco&Fni5ed when Ihe charily is enliiled lo Ihe funds. Ihe receipl is probable, and Ihe amounl can be measured reliably. For donations. this is usually on [Vip1. Fvr bNf(Inis. Ihis is USU(Illy wh¥n (I fvrwniil v"¥i IS Tn4idr in wrilinb.. IfÉl dun&ilion vr 8rani coniains tem)s and condilions outside olthe charity's control which musl be mei befo the chariiy is eniiiled 10 the lunds, or ifthe donor specifies Ihai the funds musl be used in rulure lime period8. then the income is deferred. 1.4 Expenditure Expenditure is recogni5ed when a preseni legal or construciive obligaiion exists at the balance sheei dale because of a past eveni, it is probable Ihat a transfer of economic benefits will be required to setile Ihe obligaiion. and the amount can be esiimaied reliably. It is inclusive ofvAT which cannol be recovered. 101 Page
OTES TO THE FINAYCIAL STATEMENT FOR THE YEAR ELIDED 31 DECEINIBER 2025 (conlinHed) Direci costs are those costs which directly auribuie io its activiiies. Wages and salaries are allocated lo direct costs based on an eslimale of lime 5penl on charitable aclivities by staff members. Supwn c0515 include costs and are those which do not produce a direcl output. Siaff costs relaie io specific activities, and this is reflecied in the allocation of payroll costs based on the percenlas?e of lirne spent. All costs. including) b)overnance costs. are allocdled belw'een ihe expendilure calebTrories of Ihe charity on a basis designed lo reflect the use of Ihe resource. Costs relating lo a particular acllviiy are charged directly- others are apportioned on an appropriate basis. Support costs and overheads have been calculated by allocaiing stslT iirne to the level of involvement in the various aclivities ofthe Charity. 1.5 Fund a¢¢ountin£ Unrestricted funds are Ihose funds which are available for use at the discretion of the Trustees in furtherance of the genernl objeciives of ihe charily and which have not been designaied for other PUTposes. Restricied funds are funds which are io be used in accordance wilh specific restriciions imposed by donors, or which have been raised by the charity for PUryKJses. 2. Trustees And Related Party Trnnsactions During) the year ended 31 December 2025. the following related party iTansaclions look place.. The Oyenekan family collecied donaiions iothllin8 £16,633 on behaifofthe charity, all or which were deposited directly into the charity's bank account. Mr. Charles Oyenekan. a inlee, provided a loan Of£3,0 to the charity and he received a paslo¢s allowance of£ 11.2211 and expense reirnbursements of£4.225. The following tteeS received expense reimbursements during ihe year.. Mr. Adedunke £1511 Mr. Oluwatosin Ogyini £210 Ms. Busola Oyenekan £997 Additionally. a loan of £l?.(KK) was provided the charily by O. Oyenekan. 50n ora tru5lee. to support the ¢hariiy's building projeci. All relaled party transaclions were undertaken in Ihe best intresls of the charity, approved by Lbe truslees in a¢cordan¢e with the clwrily's conflicts of interest policy, and are th'sclosed in rull aix)ve. Ai tlie year eild. Ilie loaii of£3,(KK) fioiii Mi. Cliarle5 Oyeiiekaii aiid ille loaii or £G.O(K) from O. Oyenekan remained outsthnding. No interesl was charged on either loan.
OTES TO THE FINAYCIAL STATEMENT FOR THE YEAR ELIDED 31 DECEINIBER 2025 (conlinHed) 3. Tangible Fixed AetS Tangible fixed assets are 51ated al c051 less accumula*d depreciation. Depreciation is provided on a siraighi-line basis ai 20 /0 per annum on cosi. Fixtures & Equipment (£ Cost at 31 December 2024 Additions Cosl ai 31 December 2025 2.474 3.C)5C) 6,130 Accwnulaied depreciaiion ai l January 2024 Depreciaiion charge for the year Ateumulated depretiation It 31 De¢ember 2025 .226 1,226 Net book value at 31 December 2025 Nei book value &131 December 2024 2,474 4 . Lon24erm Lease Depo$l¢ The charity paid n lease deposit of £29.443 during the Ye in conneciion with its buildin& premises. This amouni is held as a dewsii and is recoverable at ihe end ofihe lease lerni. li is classified a5 a non-currenl asset as il is nol expected to be recovered within 12 monihs. S. Creditors Credilors are recogFnised where Ihe charity has a presenl obli&Tralion resuliing, from a past evenl Ihal will probably require a iransfer of funds io setile, and ihe amouni can be measured rcliably. Crcdiiors are $L&icd at the amount the ehority expeci$ io pay. Other Creditors Loans from Members Building Loan Total Adebowale A C. Oyenekan 1maguei.egie E Building tA)an Currenl year Governance Cost Admin Cost 3,000 1,9 0.000 720 390 720 390 6,000