COMPANY REGISTRATION NUMBER: 07S34045 CHARITY REGISTRATION NUMBER.. 1140735 RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Unaudited Financial Statements 28 February 2025 ADRIAN & CO Chartered Certified Accountants 141711419 London Road Norbury London SW16 4AH
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Trustses, Annual Report (Incorporating the Directorfs Report) Year ended 28 February 2025 The trustees. who are also the directors for the purposes of company law. present their report and the unaudited financial stslements of the charity for the year ended 28 February 2025. Reference and admlnistrntive details Reglstered charity name Charlty reglstratlon number Company registration number 07534045 Principal office and reglstered Unit 4 Cross Industrial Estste office Cross stet - North Off Cannock Road Wolverhampton 1 1PP West Midlands RCCG Hosanna House Christian Centre Ltd 1140735 The trustees Pastor A Owojuyigbe Deacon R Adedoyin Pastor K Okafor Pastor Grace Nkechinyere Ezea Pastor Chufavunonye Ezeah Phd G Mario Kumar FCCA 141711419 London Road Norbury London SW16 4AH Company secretary Independent examiner
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) feonunuedj Year ended 28 February 2025 Structures governance and management RCCG Hosanna House Christian Centre Lirnited is one of over 700 parishes of the Redeemed Christian Chureh of God in the UK and Ireland and several tholrsand world-wide headed by the General Overseer - Pastor E A Adeboye. The global headquarters of the Redeemed Chrislian Church of God is in Nigeria. RCCG Hosanna House Christian Centre is an independent UK registered charity with agreement of common purpose with RCCG UK as parent charity. 11 is therefore under obligation to render retums to RCCG UK'S Central Office in London. RCCG Hosanna House Christian Centre is run by the Pastor and a group of ministers appointed by him. The Iruslees have no Jurisdiction ovef appointment removal or discipline or spiritual effeclivene5S of the pastor and or his ministers. The ministers are usually appointed by merit after seeking divine in prayers. The authority lo run the financial aspects of the church is delegated lo the Pastor by the Board of Trustees. The Pastor presents his annual budget lo the trustees for approval, and upo approval. would be required to operate within the budget. Trustees meet al least hvice a year. except where emergency meetings are called to deliberate on matters that require urgent attention. Trustees. recruitment and appointment ts by advertising within the Christian Community. Nomination by existing members of the board of Injstees has been found to WO with other churches within the group. There is no provision for rotalional retirement. Trustees may resign after giving an appropriate notice in writing. A Iruslee cannot be sacked. unless helshe is found not lo be fit and proper according to UK law and Christian ethics andlor missed all the meetings in the year where helshe may be asked lo slep down. Trustees are briefed on one on one basis upon appointrnent by the chairperson and are encouraged lo allend trustees, awareness courses usually organised by RCCG Central Office UK. They are also encouraged lo keep abreast of development within the UK voluntary sector. The Charity has a risk poli¢y available for inspection in the church office. The church's only employee is the pastor whose office is presenity in his home. Any worker who comes in contact with children and vulnerable adults is required lo undergo Criminal Records Bureau check before assuming hislher role Objectives and activities The mission of RCCG is to propagate the message of the Christian Scripture around the worfd and to proclaim the salvation found in Jesus ChrisL As a church. it seeks to convert lost souls and reconcile them with their creator. In summary.. 1. To go to heaven 2. To lake as many people as possible with us 3. To have a member of RCCG in every famity of all nations 4. To have a local parish within 5 minutes. drive in every city of the world 5. To relief povety in so far as it is possible
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) f¢oned} Year ended 28 February 2025 Achievements and perfotmance We are much pleased lo say that we continue to make progress spiritually, touching individual and family lives in a positive way_ The svze of the congregation ha5 increased numerically. We were able to hold three succes5fv1 outreach programmes in the year under review with a good number of visiting ministers in attendance. During the course of the year we continued our weekly prayer vigil themed MIDNIGHT CRY. to pray for families and our community. To the glory of God, the church ¢arried out major renovation works an¢J purchased additional worship equipment to aid ils services. The monthly marriage and lationshipS seminar is growing slrongty. We are seeing a lol of healing to the health of many marriages, with increased better quality of family life. We are very successful with various leslimonies of divine healing and restorab.on sb"Il corning in. Brethren continue lo donate generously towards the good cause. Now in our fifteenth year of operation following registration with the Charity Commission, the Church has continued lo make g(yJd progress. We are much grateful lo ltrie authorities of the University of Wolverharnplon who continue to allow us lo run a special youth fellowship for the students of the universty during the year. Flnanclal review Total ineome reported for the year to 28 February 2025 was £193.131, (2024 £133,577) comprised of donations arid tithes towards unrestricted fund5 01 £739,578, 12024 £123,653) reslricled building funds of £50.764 {2024 £7,943) and bank interest received of £3.789 {2024 £1,9811. We are grateful for the spiritual maturity of our members for being faithful in their lilhing. Tithes accounted for £94.779 of the total donations with offeiing al £20,588. Friends of the Parish contr.nue lo donate by giving regularly by direct credit and other means. We gave £5,324 to World Evangelism Movement IWEM),. £1.200 to the Central Olee Area. The pastor did not receive a salary during the year. There was a nel surUS of £91,024 12024 £73,187) of unrestricted income and £50,764 12024 £7.9431 of restricted income in the year. As at 2810212025 our nel worth was £353,233 12024 £211,445). which also includes the lotal funds of £23,211 received from HMRC under Ihe"Gift Aid" scheme. Plans for future periods Overall, our focu5 in the irnmediale future is to continue to do what we are presently doing, bul with greater efficiency and vigour, reaching out to the wider community with the love of Jesus Christ and the message of salvatr"on. We intend lo strengthen our Youth and Children Church by ¢rUIting and training more volunteers and equipping the unit with needed facilities. We are also in talks with Trussel Fund to open a Food Bank in the hitmOre Reans area of Wolverhampton lo attend lo the needs of the poor in our community. We plan lo sponsor a good number of our volunteers lo undertake update courses in charity governance so as to remain compliant with applicable regulations. Small company provislons This report has been prepared in accordance with the provisions applicable to companies enlilled to the small companies. exemption.
RCCG Hosanna House Christian Centre Ltd Company Limit•d by Guarante• Tnjstees. Annual Report Iln¢orporating th• Dir•¢tor's R•port) Year ended 28 February 2025 The trustees, annual Tem wa$ approve¢J on 26 November 2025 and sffjned on behaff of Ihe t¥)anl ol tnjstees by Pastor A (knluyl9 (Tnjstee)
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of RCCG Hosanna House Christian Centre Ltd Year ended 28 February 2025 I report lo the Iruslees on my examination of the financial slatements of RCCG Hosanna House Christian Centre Ltd I'lhe charity'l for the year ended 28 February 2025. Responsibilities and basis of report As the Iruslees of the eompany land also its directors for Ihe Purposes of company lawl you are responsible for the preparats'on of the finan¢ial statements in accordance with the requirements of the Companies Act 20061.lhe 2006 Act.). Having satisfied myself that the accounts of Ihe company are nol required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2017 I'lhe 2011 Act,). In carrying gul my examination I have followed the D*tIOnS 9iven by the Charity Commission under seeb'on 14515}Ib} of the 2011 Act. Independent examinerfs statement I have completed my examinats'on. I confirm that no matters have corne lo my attention in connection with the examination grving me cause lo believe-. accounting records were not kept in respect of the charity 8$ required by section 386 of Ihe 2006 Act- or the financial statements do not accord with those records- or the financial slalements do not comply with the accounb.ng requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination.. or the financial statements have not been prepared in accordance with the method5 and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their aceounls in accordance wrlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. ar FCCA Independent Examiner 141711419 London Road Norbury London SW16 4AH
RCCG Hosanna House Christian Centre Ltd Company Limitsd by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 28 February 2025 2025 Reslrieted funds Total funds 2024 Unreslricted funds Not• Total funds In¢ome and endowments Donations and legacies Investment income Total income 138.578 3.789 50,764 189.342 3.789 131.59S 1,981 142.367 50.764 193.131 133,577 Expendituro Expenditure on raising funds- Costs of raising donations and legacies Expenditure on charitable activities Total expendlture 30,193 21.150 30,193 21,150 51.343 34.466 17,981 52,447 51.343 Net Income and net movement In funds 91.024 50.764 141.788 81.130 Reeonclllation of funds Total funds brought forward Total funds carried forward 211.445 302.469 211.445 353,233 130,315 211.445 50.764 The stslemenl of financial activities includes all gains and losses recogntsed in the year. All income and expenditure derive from continuing activib"es. The notes on pages 8 to 14 fomi part of these financial ststem•nts.
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Statement ol Financial Position 28 February 2025 Flxed assets Tangible lixeL1 assets Cutrent a$$ets Deblors Cash al bank an¢J In hand Not• 2025 2024 13 9,155 8.999 14 1,$00 J43,SJ8 J4S.OJ8 203 646 Cr•dltorn: •mounts lalllng due wilhln •)n• y•ar Net curv•nt assets Total a•sets le$$ curr•Trt Ilbilltl 203 646 15 1.200 344.078 353.233 202.446 211.445 Funds ol the eharlty Reslncled funds Unfes1fIed Ivnds Total ch•rity iunds 50.764 302.469 353.233 211.445 For ihe year ending 28 February 2025 the charity was entilled lo exemplion Irom audit under sectn 477 01 ihe Companies Act 2006 felalin9 lo small companies Diie¢iors' responsibilities.. 7.943 203.502 16 The membeis have not required the company lo oblan an audil ol ils financral stalemenls lor the year In ques1fi accordance wilh seclion 476. The difectors acknthvledge thwr P0&bIlItIeS for ¢omWying wrth Ihe feqUlferents of Ihe kt wilh respect lo &COunknng records an(1 Ihe prepara1n ol financpl stalemenls. These financial slaiemenls have been prepared in accordance wilh Ihe pro¥Nons appltcable io companies subiecl lo Ihe small companEs' regime. These financial slalernents were approved by the boafd of truslees and auth0n for Issue on 26 November 2025. and are signed on behalf ol the t¥)artt by.. Pastor A Owojuyigbe Director Th• notw on p•g•• 8 to 14 forrn ol thM• flnanci•l •tst•m•nts.
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 28 February 2025 General infornlation The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Unil 4 Cross Industrial E5tale. Cross Slreel - North. Off Cannock Road. Wolverhampton, 1 1 PP, Wesl Midlands. Statement of compliance These financial slalements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Practice appltcable to charities preparing their accoL¢nts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting pollcios Basis of pr¢pardtron The financial statements have been prepafed on the historical cost basis, as rnodified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial slalements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accountlng Unrestricted funds are available for use at the discretion of the trustees lo fvrther any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for parb"cular fvlure project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of ts¥o sub-classes.. reslricled income funds or endowment funds.
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Notes to the Financial Statements (Conllnuedj Year ended 28 February 2025 Accounting policies (¢onllnu¢dJ Incoming resources All incoming resources are included in the staternenl ol financial activities when entitlement has passed lo the charity., rt is probable that the e¢onomi¢ benefits associated with the transaction 11 flow lo the charity and the amount can be reliably measured. The followtng specific policies are applied lo particular categories of income-. income from donations or grants is recognised when there is evidence of enlillemenl to the gift, receipt is probable and its arnounl can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical to measure reliabty. in which case the value is derived from the co5110 the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from Contracts for the suppty of services is recognised with the delivery of the contracted seNice. This is classified as unrestri¢led fvnds unless there is a contra¢lual requirement for il lo be spent on a particular Pufpose and returned if unspent, in which case il may be regarded as reslricled. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the slalement of financial activities to which it relates.. expenditure on raising fvnds includes the costs of all fundraising acts'vilies. events, non-charitable trading a¢b"vilies, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaiies, including those support costs and costs relating lo the governance of the Charity apports.oned lo charitable acts"vilies. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of ils expendilure on charitable acts'vities. All costs are allocated lo expenditure categories reflecb.ng the use of Ihe resource. Direct c051s attributable lo a single aeltvity are all¢xated ditlY to that a¢livity. Shared costs are apportioned betsveen the activities they contn.bule lo on a reasonable. justifiable and consistent basis. Tanglble assets Tangible assels are initialty recorded at cost. and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are Corded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent a¢¢umulaled impaimenl losses.
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantse Notes to the Financial Statements Iconttnu8dJ Year ended 28 February 2025 Accounting policles (ronttni*d) Tanglblg assets {continu8dJ An increase in the carrying amount of an asset as a result of a revaluation. is recognised in other recognised gains and losses. unless it reverses a charge for impairrnenl that has previously been recognised as expenditure within the statement of financial aclivilies. A decrease in the carrying amunt of an asset as a result of revaluation, is recognised in other recognised gains and losses. except lo which il offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial aclrvities. Depreciatlon Depreciation is calculated $0 as to write off the cost or valuation of an asset, less its residual value. over the useful economic life of thal asset as follows". Furniture and fixtures Motor vehicles Equipment 25Qkn reducing balance 25VA reducing balance 25Qk reducing balance Impairment of fixed assets A review for indicators of impaimienl is carried out al each reporting dale. with the recoverable amount being eslimaled where such indicators exisL Where the carrying value eXedS the recoverable amount. the asset is impaired accordingly. Prior impaimienls are also reviewed for possible reversal at each reporting dale. For the purposes of impairrnenl testing. when it is not possible lo estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generaling unil to which the asset belongs. The Cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inffows from Other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business cornbinalion is, from the acquisition dale, allocated lo each of the cash-generaling units that are expected lo benefit from the synergies of the combination. irrespeclNe of whether other assels or liabilities of the charity ale a$signed lo those units. Finan¢ial Instruments A financial asset or a financial liability is ¢r3n1sed only when the charity becomes a paty to the ¢onlraclual provisions of the instrument. Basic financial instfuments a initially recognised at the amunl receivable or payable including any related transaction costs. Clrffenl assets and current liabilities are subsequenlty measured at the cash or other consideration expected to be paid or received and not discounted. Oebt instruments are subsequently measured at arThMised cost. 10
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Notes to the Financial Statsments (Conllnued) Year ended 28 February 2025 Accounting pollcles fconiinu8dJ Financlal instruments {COllllnvedJ Where investments in shares are publi¢ty traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value reeognised in income and expenditure. All other such investments are subsequently measured al cost less impairment. Olher financial inslnjments, including derivatives, are initially recognised al fair value, unless payment for an as5el is deferred beyond nomial business tems or financed al a rale of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt inslrumenl. Other financial inslrumenls a subsequently measured at fair value, with any changes recognised in the slalement of financial aclivilies. with the excepb.on of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for obje¢live evidence of impairment at the end of each repottng dale. If there is objective evidence of impaimienl, an impairment loss is recognised under the appropriate heading in the slalement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually signifieanl, these are assessed individually for impaimienl. Other financial assets are either assessed individualty or grouped on the basis of similar eredil risk characlerislics. Any reversals of impairment are recogni5ed immediately, lo the extent that the reversal does not result in a carrying arnounl of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Limited by guarantee Donations and legacies Unrestricted Funds Restn"cled Total Funds Funds 2025 Donations Tithes Offering Building Fund donation Gift aid ieeeived 94.779 20.588 94,779 20.588 50.764 23.211 50.764 23,211 138.578 50,764 189,342 11
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Notes to the Financial Statements fcontlrtU8d) Year ended 28 February 2025 Donations and legacies (tonunu Unreslricted Funds Restricted Total Funds Funds 2024 Donations Tilhes Offering Building Fund donab.on Gift aid received 73,353 27,289 73.353 27,289 7,943 23,011 7.943 23,011 123.653 7,943 731.596 Investment income UnstrICted Total Funds Unreslricled Totsl Funds Funds 2025 Funds 2024 Bank iftleresl receivable 3.789 3,789 1,981 1,981 Costs of ralsing donations and legacles Unrestrtcled Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Costs of raising donalions and legacies - Donations 30,193 30.193 34,466 34.466 Expenditure on charitsble actlvities by fund type unrest[ted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations and legacies SupFJOrt costs 7.254 13,896 21.150 7.254 13.896 8,966 9.015 8,966 9.015 21.150 17,981 17.981 Expenditure on charitable actlvities by activity type Activities undertaken direcrfy Support Total funds costs 2025 Total fund 2024 Donation5 and legacies Govemance costs 7.254 7,254 13,896 21,150 8,966 9,015 13,896 7.254 13.896 17,981 12
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Notes to the Financial Statements {conthtsed) Year ended 28 February 2025 10. Net income Net income is staled after charginty{crediting)= 2025 2024 Depreciation of tangible fixed assets 3,051 2,999 11. Staff costs The average head count of employes during the year was Nil {2024.' Nil). No employee received employee benefits of more than £60.000 during the year12024.' Nill. 12. Trustee rgmuneratlon and expenses No remtjneralion or other benefits from employment with the charity or a related entity were received by the Iruslees. 13. Tangible fixed assets Fixtures and fittings Motor vehicles Equipment Total Cost At 1 March 2024 Additions 4,704 3.207 1,500 20.662 26.866 3.207 At 28 February 2025 Depreclation Al 1 March 2024 Charge for the year At 28 February 2025 Carrying arnount At 28 February 2025 Al 29 February 2024 7.911 1.500 20.662 30.073 2,058 1,463 1.283 14,526 1,534 16.060 17,867 3,051 20,918 3.521 1.337 4,390 163 4.602 9.155 2,646 217 6.136 8,999 14. Debtors 2025 2024 Prepayments and accrued income 1,500 15. Creditors". amounts falling due within one year 2025 2024 Other creditors 960 1,200 13
RCCG Hosanna House Christian Centre Ltd Company Limited by Guarantee Notes to the Financial Statements (conthiuvd) Year ended 28 February 2025 16. Analysis of charltable funds Unrestricted funds At 1 March 202 At 28 February 2025 Income Expendilufe General funds 211.445 142,367 151,3431 302,469 At 1 March 202 At 29 February 2024 Income Expenditure General fijnds 130,315 125.634 (52,4471 203.S02 Restri¢ted funds Al 1 March 202 At 28 February 2025 Income Expenditure Building Fund 50,764 50.764 At 1 March 202 Al 29 February 2024 Income Expenditure Building Fund 7.943 7,943 14