THE REDEEMED CHRisllAN CHURCH OF GOD ("RCCVJ STRONGTOWER MIIIACLE ARENA 1138250 THE REDEEMED CHRISTIA1¥ CHURCH OF GOD CqICCGW) STRONGTOWER TRUSTEES REPORT AND FINANCIAL STATEMLNrs For the perlod 01 January 2024 to 31 Deeember 2024 GA Harrfl & Co cIthrted Certlfied Accountants & Regl•tered Audlton Jllbllee Road Mlddleton M24 2LX
ThE REDEEMED CHRisfiAN CHURCH OF GOD (Trccffj sfRONGTOWER MIRAaE ARENA TTr8. rewt Independent ExamiDer's report Statement of Fiuncial Activiti¢J Balall¢¢ Sh¢¢t Nots8 to the Financial Statsment8 9-12 13
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCV) STRONGfowER MIIIACLE ARENA REFERENCE AND ADMINISTRATIVE DETAILS OF THI CHARrrY. TTS TRUSTEEE AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Pastor E A Ade Trnth Ayoka Olabisi Ctri8tiana Adedo)ryn Siyenbola Clwrlty Regljtradon Number 1138250 Prlndpal Offl Crnb Lan¢ IbgknBlackley M9 8NB Paltor In ChArye Taiwo A. Ade8bola GA Harri8 & Co Limitsl Middleton Barclay8 Bank PIC 51 Mosley Street M60 2AU
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCs STRONsfowER MIRAaE ARENA TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 CHR]STL4N CHURCH OF GOD "RCCG STRONGTOWER MtRACLE ARENA" (tho GIlty) for the period ending 31 December 2024. Thc Ththc8 confrn that the annual report and fllwwial statements of the clty comply with the current statutory requirements of the charity'8 "Accounting and Rewtin8 by Clwitie8" issued in MarGh 2011. STATUS The thity wa8 conjtitsthi unts a Tru8t deed datsd 25 May 2010 and 18 re818t in Engtsnd and WaleB WAth thtynumbff1138250. APPOINfMENT OR ELECTION OF TRUSTEES ThJ8t¢e8 elected and or co* unth the tern of the tru8t dttd. POLICIES ADOIryED FOR THE INDUCTION AND TRAINING OF TRUSTEES The indu¢tion proc¢88 for ony newly appointed membcr of the Th18tee8 compri8e8 of an initial MlD8 WAth chairnll and other Thutee8, followed by a leS of Sh with the Pa8tor in ORGANISATIONAL STRUCTURE AND DEasIoN MAKll¥G The Chur¢h i8 orgaw8ed 80 that the Th1 meet regularly to mana8e iti affairs. The Paator maragei REIATED PARTY REIATIONSHIPS Stron8tower Miwl¢ Arcna 18 a Parish of the Red¢em¢d ChTiStlan Church of God (RCCG) wbich ha8 paTishe8 all over the w(Yld. The p1th'S r#]ation8hip with other pw78hes 18 8ovffned by an RISK MANAGEMENT The TThtee8 have a338¢d the njOr ri8kJ to which the clwity is exNy8rf th08e fflated to operation8 and fina¢8 of the cbarity, and Jati8fied 8yStems orc in placc to mthgatc CXPOBure8 to major ri8k8,
THE REDEEMED CHRISTIAN CHURCH OF (IOD (TrCCG'I SIRQNGTOWER MIIIACLE ARENA TRUSTEES. IIEPORT (coNfiNUED) FOR THE YEAR EhlDED 31 DECEMBER 2023 OBJECTIVES AND ACTIvfTIES POLICIES AND ORJECTIVLS The obiectivcs of the cburch aTr:
The advan¢em¢nt of the Christian faith worldwide The rc]i¢f of poverty Th¢ promotion of activities that ar¢ of benefit to our commutiity. To achieve the8e objective4 the following 8trat¢8iC8 bavc bL%n adoM¢d by the church: Collaborntion othu charitie8 8nd oryani8ation whiGh bavc Similar objeKtAve8. Jnvolvement in ocon0C and commuoity development as wcll al church planting. Carin8 for and Tthing Out to th¢ needy in the Conullty through variou8 welfare paGkageB. ACTIvrrIES FOR ACHIIVING OWEcrIvEs to all during the period. Wor8knp Servi¢# and teaching 8euiona wuc held wcekly with for out to Community. GRANT IIL4KING POLICIES a8 well a8 the Festival of Life and pMryde8 8UPPOrt to member8 of the con8re8ation in n¢ed. VOLIJNTEERS The church 18 Contilly yatefid for the efforti of hff volunteer8 who ar¢ involved in all aSpth of the Church orgaiii8alioL It 18 ¢8timat¢d that volunteer8 provided approxi* 13JOO hour8 duriD8 thi8 period. If thi8 18 vahxd at £11.44 all hour th¢Be effort8 amount to approXimY £154,400
THE REDEEMED CHR15nAN CHURCH OF GOD ("RCCVJ sfRONGfowER MIRACLE ARENA Revlew of AedThltleB The Church 18 (Pl to all member8 of the community, and all proamMe8 are aimed at the whole8om¢ d¢v¢lopment of evwon¢. Som¢ of the Church m#ting8 held on hybrid b88A8 with The Cburch hold8 regular Sunday 8cbLX)l tr adults and children where the Cbristian faith and the Saturday mornin8 and in the month a prayer sumnllt wa8 held with the IlltercO Prayer Head of the Mimion. The Chlldren church wa8 vibrant during 2024 with activiti¢1 to deve]op the young one8 phy8i¢ally. mentally. socially and above all spiritually taknng plac4 throu8b teachin88. gameB. and other activitie8. A one•week Holiday club wa8 orBaniJ¢d for the childrni in community toucbin8 on vffaI Bubje matter8 including allthional intelligence a8 well a6 identifyiD8 and encoura8in8 their creative hknll8 with 8e88ion8 OD craft8 and buildin8 with block8; the wmmer actItiCS w¢¢k wa8 rounded off with a dAy Out to Alton Tower8. ¢on8truction of the Chuwh ¢Jxtell8ion. A 8PeC2al worthp pro8ramme WOW wa8 alao Trd)st¢d by th¢ YAYA brinll the whole Lxxnmunity togetber in a time of prai8e and woT8bip. The CIllch encournge8 evffy0 to UBC the g¢rvice8 of the coun8ellin8 8ection via the Haven Project a8 800n a8 they feel the n¢cd for it: tbi8 i8 OP¢ll to all mcmbr8 of the ci)mmunity. The Haven project a180 provides wrn 8pace a8 well a food bank for all, it 18 open every Tu¢8day and WedncBday. For the year the project a180 eXtell1 the 8ea80nal love to maabS of th¢ ¢onllllunity over ChTA8tma8 with the distribution of matsial8 for Chri8tma8 lundL trainin8, Teacher'8 trainin8 (Chilthw T¢¢ll and Adult Sunday 8chool8). ewelism, a8 well numbff of the8e prn8ramme8 are On]ill4 with some bein8 hybrA¢L
IM•iThwrt Poleyand P•rfonMnr• The TnMt••s hrn •we4d to to hold funth far f4thre In th• lrt•rTrt4ewln8 PLANS FOR THE FUTURE of •nnu•l •xp•ndliUf• from unr•thrt funds. The thurth li rtll to Wknbllih • pw•nt •nd chlld woup •% wwk wlth ath•r Jt•k•holthrn In th• •tsbllJh pro8r•mmM forta•n•yrn •nd Ul K Mll M •CiMtl•J b•n•fftld ip Wldwj •nd th• •ld• The. trurt•ei •rn re¥oMlbl• for prnp•rln8 th• R•port of th• Trurt••g and th• fln•Ill stst•merti In •xryd•nN lth •ppllcabl• law thd Unltad Klnm 6•n•rnlty kapted The l•w app11bI• to thwltlls kn Erynd and WalN tha Ch•rftloi l£t 201¥ Ch (Accounts Ind R•ports) Rwl•tloM 2011 and th• of th• tnnt daed r•qulrns the tnMta•s to pr•p•rn flnandal stst•m•nts for ch Ilnincl•l thlch 8fv• a truo and falr vlw of th st•t• of aff41Th of th• th•rfty •nd of the Incomln8 r•wurc•s and •ppllc•tl of rIr£•4 Indudlni th• Incnme Ind expendlture, ol th• ch•ilty for th•t y•ar. In prwrlns tham )Inancknl gt•tsmoThty the truJte•J •r• r•qr•d to . Mloct suitable •cC•untI polldas •nd then apthwn c . obxm the rn•thadJ •nd prlndpl•J In th• Chlrlty SORP . m•ke Judlments ond e•tlmates th•t •re PTud•nt - prep•re the th•ndil tstemtr on th• Wni conc•rn blikn ft li IMpproprl•t• to pr•wm• that th• contlnu•ln builn Th• trust•oi arg rebI• for k••pkii wop•r accountlnl r•cordi thlth dlKlos• wlth son•bl• a1rV rt any the ffinandal pothlon of th• th•rAy •nd to enable them to •nsur• th•t th• st•tsm•rts comply wlth thè Chlfftles •%t 201& the th•rlty (ounts and R•Pts) R•wl•tloni 2011 •nd th• pravlslom of th• tnnt da•d. Th•y •re also r•swnslble fty f•BUrdIng th• 0sRts of the th•rfty •nd hthic• r•osonable steps for th• pr•v*ttion and dotectlon of fraud other Irrewhrllle% The trustees •re rup• furth• malnt•n•n¢••nd Int•8ffty of tha corporats and flnand•l Informatlon Induded on the Charfty Comrnlsslon b91t•. L•ohl•tlon In th• Urfted KIOrn Vern1 the prnparatlon •nd dluemlnatlon of th•nd•l rt•tem•nts dlffer from lezlthtlon In 0th•rJurfICiIQnI. Thli rwrtw•J •pprMd byth Thut••s on I 2025 on Its bthilf trr.
Iklap8nd8nt Examlnets ReportlotheTru8ts88 of REDEEMED CHRISTIAN CHURCH OFGOD STRONG TOWER MIRACLE ARENA l rnport on the ac(x)unts for the yeor ended 31 Dac8mber 2024 80t oul on pog88 aoven to Ihtrtaen. R••p•cUv• I••ponbIlItI•• of trtwl•M •nd •Mrnln•r Th8 charftyb InJ8teas are fe8pon8lble forth8 preparatlon o1th6 accounts. Tho Ch8 tN8tee8 ¢(mlderthat an alIt [8 rmrt raqulred for tr18 year (under Se(aknn 144(2) of the Charftl88 kt 2011 {the 2011 kt)) and that an hKl8pond6nt wmlnthn l• requlred. 11 kn rny re•prywlblllty io: oxamlne th8 accounts urKler SeGllon 145oflhe 2011 Act to follow the wo¢8dtKes lald dwn In tho Genoral CtrKUon8 glven by tho Charfty Comml8thn (under 8adbn 145(5)(b) of tho 2011 d); arnl to stats vthethar partl(wiar mattern hav• comoto myattarrtlon. B•d• of th• Ind•p•nd•nl •xamln•V• r•p(xt My examlnaoon wa6 rrted ¢)ut InKcordan¢a wlth tha Qeneral Dlr¢Gtlon8 glvan bytha Chty C(¥nm1801Dn. An examlnafjon Includ88 a of the aoUntIng records W by the charlty and a ¢omparf8on of the a¢counts preeentad th record•. tt 8180 Ir1186 con8lderallon of any unusual Item8 or dlxloaur88 In tho accounts, and 8e8klng explanaoono fran Y)U 88 tru8loM corthmlng any 8uch mattern. The prOlure0 urKlertaken do not ryovldo al tho ovklenco that would bo requlred In an audlt, and CAxwoquenlly no opknlon IB glven a8 to the auntr prnmnt a Irue falrvlthy ' and th• report18 Ilmllul to Iho80 8otout Inth• 8tatwnts be1(. Indopond•nt•MmlMf••lit•m•nt In conngc41on ry oxamlnauon, M matterhucorm to my attenllon: (1) whlch glve• me reaoomble cau•e to bellovolhrt In any mat•rfal rew•cL the requlr•m&ts t¢ keap accounung rne01 Inac(x>rdanco 8•don 130 of tho 2011 Act; and to prepare accounts whkh accord accntIng record• to ¢wiply th• ac¢ounti requlrements oftha 2011 Act hwe not been m81; or (2) tOlch, kn ry oplnlon, att•ntlon 4hould bo drawn In ordpAto enabla a woperundar•tandw oftho Kcount• to reathod. Q A Harrf• & Co Lld Brullmar Hou Jubllee Road Mld(Iloton Man¢ho8tor M24 2LX GA HARRI8 & CO. LTD CHAKfERED AccouKfAKrs WUMAR HOUSE, JUBILEE R(IID (01) 115 7012 (0161) 1117 1V Ocaobor 2W25
REDEEMED CHR18TIAN CHURCH QOD Forth• ymr •nd•d 31•t DK•mPJ•r2a24 2024 UnrwlrlLd Re•trloiod Tol FdI FU1¥ Total INCCIIIIQ RE8QURCE8 ID¢mlTrJ mourc•• from pn•rnl•dlvn VplurtsrylrKom• 124472 74218 2M740 128,919 120 134.rn 74 REuRCES EXPENDED Othar oh1•4• alvlU•i 877 100.790 70,137 8uppxt ca•t FIn•l coll 22,917 21917 24A60 1AQO 111079 aO.919 181998 NET INCOMINO IIEKIJACQ8 22)4 Pund• brfr•Mud p•rl•d lo£>3 21W6 1rn748 153044 TOTAL FUND8 CARRIED FORW 203 704 171.740 CONTIMUIMa OPEAATIOM8 All InrnIng r••ou1c and rn•ourc•• oY••d •rt#from o)rfnulno •ollvMIM. Th• notM forni plrtcl Ihw• Ilrwdal •talwwl•
REDEEMED CHRISTIAN CHURCH OF GOD STRONG TOWER MIRACLE WIENA •ho•t For th• >w•r •nd•d 31•t D•c•mbDr 2V24 2024 2024 unrutrfC Ra•tslctul Totol lund• Fund• Total FIXED A88ET8 TarvJlbl• a88ets 125.106 125.106 124,834 CURREKf A88ET8 Ca8h al b•nk 60.123 29,&)1 79,614 62,e06 CREDrroR8 Amounts f•llTrJ du• wllhln yur e92 NEf CURRENT lET8 TOTALA88Ef8 LE88 CURRENT LIABIUTE8 174,403 29.391 178,748 NEf 8Ern 29.391 178.748 PUM>8 UnrnBtrI(a•d fund• R•Btrlcl•d fund• 10 1TJ,S00 164,803 21,946 TOTAL FUND8 Th• ww• •Fprov•d ty th• Board alTrL*os on >)IOV202B arnl wwe •1gn•d on Ill b•hall by: ON BEHALF OF THE BOAIID: The rKtsJ form part (rfthese IlnwKio18laiemw P488
REDEEMED CHRISTIAN CHURCH OF GOD 8TRONG TOWER MIRACLE ARENA Not•• to th• Flmnclol 8tthm•nt• Fotth• ya•r ond•d 31•t D•umb•r 2024 ACCOUNTING POLICIES ountlng ¢onv•ntlon Th• flnondal 8t4twlnts have been prep•rl und•r hltsk•l co•t lrrtknn, lh• CharMl81 Art 2011 ind th• ulr•m•nts olth• Sthtthniffjtof R•MrMrnIed Pracuw ACUnn9 ond ROPLYtlTrJ by CharlllaB. FInI1 r•portlnq •tandard numb•r I Exemptbn bn tak from ry•rfrVa a ca•h •lthant on th• grournlj Ihit th• dwrltyquaiin81 ai a nAU chaty. Incomlng r•Touro AI r•bwre4• arn InfaKled on the 8labm•nt of Flnarnb•l AthIVo• th• thirfty18 l•galty to tho IK£wn• and th• amount ean b• quanllled re••ooMble accuraLy. Il••ouro•• •xp•nd•d Exp•rKllturn h aCLnI•d fty on an •c(¥uth Ixth and b•on dA8•lll•d th• h•adlng• th•t 4ogrng•t• all 911 r•lthd trj tho cataoory. Whtrn ctr eannol b• atblbui•d to wliculor hllng• th•y h¥• boon alloc•1 to IcfvRl•B on a nI1•tTlth thg ofr••ourc T•nglbl• ffx•d u••t• Dw•dthn IB wovthl at Ih•tslo¥•lw anNAI rts• In ord•r lo Ylt• off •8ch •11ot o¥w Its ••tlmAlad umfid Fr•ohold prowty Mu8lc •qulpfflffit Fljthm and Mngl Motor v•Nd•• Compul•r •quw - 25% on ¢xAI - 26% 1)n (¥)•t - 25% on •1 . 20% on ra•t Taxatlon Th• chrlty l• MPl ftoffl tyx on tt• ¢hwhbl• •olMII Fund •e¢ountlng Unrn•trlct•J nd0 can b• u••d kn a0cord•rK•Ih th• th•rltabl• obJ•thM •t th• dlmuon ofth• tr1•. RtrIcted fvrKli 0Y b• u••d for poruujlar r••trhl purpoou tho Oblts of tho chArfty. R••trl¢lh)n •th• vthrm Jpecffl•d by th• don orthon fvnd• gm for pfftrllcur r•#trlctsd purpoM•. Furthw oxpl¥nth of lh• natsr• and pwp(w of fivKI IB INKl•d In lh• rnt•• ID the itst•m•nl#. VOLUNTARY I4CQME 2024 2023 72.138 28,708 80,768 21,820 Off•rlw• ThAnkwlvlng Ildlng Qfftd Othw In(mI 21 M)8 83,384 21,121 19.624 120.919
REDEEMED CHRisllAN CHURCH OF GOD srRONG TOblER MIRACLE ARENA Nat•• ts tho Fln•nGlal Stat•m•nta . conllnu•d For tlw y•ar •ndod 31•t D•c•mlxbr 2024 INVESTMENT INCOME 2023 D8po&It a(>xwt hrter•8t 120 CTABLE AcllviTIE8 CO8T8 DlroBt 8upport Total (100 6) 2024 2024 2024 Other tharltable acUvlll•• Dumllon suort FInce 180,796 160.798 22,917 33 22.960 22.917 SUPPORT C08T8 Manag8monl Flnanc• Totsi8 8uM)ort colt FlnarKo co•t 22.917 22,917 22,900 (IOVERNANCE CO8T8 2024 2023 ountancyfaai Leoal and wol8Mlono1 TrUSTEE8' REMUNERATION AND BENEFIT8 Th8rn Wern no tru8t088' reM81[0n othw bon•ltts nalthar for tho yaar WKl•d 31 Docb•r 2024 nor Iho
w ded 31 Docwnbw 2023. Tru•t•••' •xp•n• Thera no Iruglw•' exp•S pakl nellhw the endod 31 D•(xnb•r 2024 nor th• >*ar thlad 31 Doc8mb8r 21Y23. Paga 10
REDEEMED CHRISTIAN CHURCH OF GCID 8TRONG TOWER MIRACLE ARENA Not•• to th• Flnanclal 8tat•m•nts * contlnu•d For th ymr •nded 31•t D•c•mb•r 2024 Th24GIBLE FIXED A88ET8 Freehold Proporty Mu8lc equlpmont & fitdngB At 1st January 2024 102.614 4236 108 33,120 2,123 28.889 At 3181 Dacamb•r 2024 DEPRECIATION At 1st January 2024 Charge for tho year At 3181 December 2024 21205 3,510 24.715 19,954 2,234 22,188 NET BOOK VALUE At 318t Da(*mb•r 2024 108.850 10.528 6,701 At 318t D•c•mbor 2023 102,814 11,915 8,935 Conwubr •qulpm•nt Total• vehlcl C08T At lot January 2024 Addltlon8 At 31 ot December 2024 8.188 172,791 6,359 179,150 8.188 DEPRECIATION At 1st January 2024 Charg• for the At 31 ot DKembor 2024 47,967 6,087 7,141 NET BOOK VALUE At 31 •t DKember 2024 At 318t Decembar 2023 1,370 124,834 CREIXTOR8: AMOUNT8 FLING DUE WITHIN ONE YEIA 2024 2023 Olhor taxo8 and ooclal 8Kurfty rual• Pemlon Contrfbutlons 179 474 414 74 Page 11
REDEEMED CHR18TIAN CHURCH OF GOD STRONG TOWER MIRACLE ARENA Not•• to th• Flnanclal 8tat•m•nl8 - ntInu•d For th• y•Ar •nd•d 31st Dac•mb•r 2024 10 MOVEMENT IN FUNDS A8at 01101r2024 Net movomant In fund8 A•at 31112r2024 Unr••trlGt•d fvnd• General fund 154,803 18,697 173,600 R••ffict•d fund• Re8trt*d 21,946 8,349 30,294 TufAL FUND8 178.748 27.048 203,794 Nat rnovement In fund•, Includod In th• above as foll(M'. Incomlng our¢ Ra80urce• •xpended Movomont In fund8 Unr••trlct•d fvnd• Gal fund 134,778 118,079 18,897 R••at•d fvnd• R88trlcled 74.288 85,919 8,349 TufAL FUND8 27.048 Page 12
REDEEMED CHR13TIAN CHURCH OF GOD STRONG TOWER MIRACLE ARENA D•tall•d Stat•m•nt d Fln•n¢lal k1111•8 Fw th• •nd•d 31•t D•rnb•r 2024 2024 2023 INCOMING RE80URCE8 Voluntwy Incom• Tith 72,138 28,756 4,381 296 21.8 eo.758 21,829 Thankthl BU11rVa Gfft Grants Recthd 21,121 83.384 19,524 Gwwnmwrt Gran18 208.740 128,919 Inv4•tm•nt Incom• 120 Tat•l Inoornlng r••I)ur• 209,044 127.039 RE80URCE8 EXPENDED Charhabl• lot111•• W88 and adarl8• 81aif hn8lon8 Waifara Ev&¥8ll•rn Trar( & trav TrnknI, rotreat• conferenc• Ml8qknn Honorarfth Eq1•n MLAllrnadlo 24.250 337 18.408 203 7,802 5,813 2,901 13,682 25,391 3,027 1,080 T8,137 14.853 7.219 77.2e6 19,711 150,796 ¢lth•mme• ¢o•t• L8gal & fa 8upport oo•ts Monagement.. In8urnn Llghl & heat Telephon• 1.309 2,748 2.9 1,176 Rwah & Clwrch expen•o1 Ganeral exp89 & travel oxpen•08 2,339 2.928 974 3394 918 4A37 D8pr•datlon: Mujlc equlpinenl Flxiuras & )lttlnp• Cwiputw ¢qlInent 3.010 2234 3,972 2,979 467 24,400 22.917 Flnano• ¢o•t• Bank chapJ88 & Intora8t Htre purtha88 •ypgn T¢)tal I•UlEI• •xp•nd•d 181.998 104,135 N•t In¢om• Paae 13