THE REDEEMED CHRISTIAN CHURCH OF GOD
GREAT GRACE ASSEMBLY
Charity reg. no 1147159
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDING 31 DECEMBER 2023
Page I

THE REDEEMED CHRIsfIAN CHURCH OF GOD
GREAT GRACE ASSEMBLY
CONTENTS
Referen￿ and administrative details of the charity
Trustees. report
Independent examiner's report
statement of financial attivlties
Balance sheet
10
Notes to the financial statements
11 -14
Page 2

THE REDEEMED CHRIsfiAN CHURCH OF GOD
GREAT GIUCE ASSEMBLY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND
ADVISERS FOR THE PERIOD ENDING 31 DECEMBER 2023
Trustees
Mrs S O Ogunleye
Pastor Olajide Jolugbo
Miss Anthonia Ajibona
Miss Vivian Esoko
Mrs Irene Onomivbori
Charity registration
number
1147159
Pri ncipal Office
35 Stoneycroft Close
London
SE12 OSN
Pastor in charge
Pastor B M Adaralegbe
Accountant
Resource Management Consultants Ltd
46 Hollywood Way
Erith
DA8 2QE
Bankers
HSBC
38 High Street
Dartford
Kent
DAI IDG
Page 3

THE REDEEMED CHRisfIAN CHURCH OF GOD
GREAT GRACE ASSEMBLY
TRUSTEES, REPORT
FOR PERIOD ENDED 31 DECEMBER 2023
The Trustees submit their annual report and the financial statements of The
Redeem￿1 Christian Church of God Great Grace Assembly (the charity) for the year
ending 31 December 2023. The trustees confirm that the annual report and
financial statements of the charity comply with the current statutory requirements
of the charity s governing document and the provisions of the Statement of
Recommend8J Practice (SORP) "Accounting and Reporting by Charities" issued in
March 2005.
STATUS
The charity was constituted under a Trust deed dated 1° August 2011 and is
gistered in England and Wales on the 8th May 2012 with charity number 1147159.
APPOINTMENT OR ELECTION OF TRUSTEES
Trustees are appoi nted and or co-opted under the terms of the trust deed.
POLICIES AD0￿ED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEE'S
The induction process for a newly appointed Trustee comprises an initial meeting
with the Chair and other Trustees, followed by short meetings with the Pastor in
Charge on the powers and ￿Sponsibl11t1es of the trustees.
ORGANISATIONAL sfRUCTURE AND DECISION MAKING
The charity is organised so that the trustees meet regularly to manage its affairs.
The Pastor in Charge manages the day-to-day administration of the church.
RELATED PARTY RELATIONSHIPS
RCCG Great Grace Assembly is a parfsh of The Redeemed Christian Church of God
which has parishes all over the world. The parish's relationship with other parishes
is governed by an 'Agreement for Common Purposes,.
RISK MANAGEMENT
The trustees have assessed the major risks to which the charity Is exposed, those
related to operations and finances of the charity and are satisfied the systems are
in place to mitigate our exposures to the major risks.
OBJEcfs AND AcfIvITIES
The principal object is the advancement of Christian faith worldwide and the relief
of poverty. To promote any charitsble activity for the benefit of the local people. To
achieve its objectives, the church adopted the following strategies..
Running seminars in the church with proven ministers of the faith to guide
members in the various aspect of Christian faith,
Support for other charities and Christian events,
Providing overseas aid and famine relief, and
Involving in economlc and community development
The activities for achieving its objectives include..
Community outreach events
Conferences a nd events
Welfare support to members and general public, and
Various missionary activities
Page 4

THE REDEEMED CHRIStIAN CHURCH OF GOD
GREAT GRACE ASSEMBLY
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
GRA￿ MAKING POLICY
The church supports visib'ng ministers of the gospel both within and outside the
United Kingdom. Support is also given to RCCG Central Office, World Evangelism
Mission, Festival of Life and other RCCG Programmes. The church supports other
charities and missionary that shares its obj￿tS in advancement of Christian faith
and relief of poverty. The church gives occasional grants to congregational
members who are in need.
vOLU￿EERs
The church is grateful for the unstinting efforts of its volunteers who were involved
in providing services for the charity. It is estimatèl that over 2400 hours were
provided by volunteers during the year. If this is conservatively valued at £8.50 per
hour, the volunteer's effort will amount to over £20,400.
REVIEW OF AcfIvITIES
The church continues to enjoy tremendous growth in its physical and spiritual
activities duri ng the year, in the advancement of Christian faith in accordance with
the dottrines set out in the Statement of Faith as contained in its trust deed. The
Charity was involved in several charitable works for public benefit in its community.
It organised the following as part of its public benefits
Feeding of homeless people in the community.
The charity's Christmas lunch on Jesus provided food hampers for the less
privileged in the community during Christmas.
Conferences on physical and mental health.
Start-up business trainings for members.
Community Elders Outreach where the church visits elderly people in the
community, provides them with groceries and help to ease their social
isolation.
Emotional and welfare support for people going through mental health crisis
and bereavement.
Welfare Interventions for victims of domestic abuse.
Prison outreach and Rehabilitation of ex-offenders.
INVESTMENT POLICY
The Trustees have decided that at present, funds should be retained in Banks and
Building Societies, and as far as possible in interest bearing accounts.
RESERVES POLICY
The Trustees, policy is to have unrestricted and uncommitted funds (free reserves)
to cover 3 to 6 months of resources expended which equals to roughly £30,000 to
£60,000 in general funds. They feel that this would enable the current attivities to
continue if there is a significant drop in funding. It would obviously be necessary to
then consider how the funding would be replaced or activities changed. The present
free reserve is above the range, but the Trustees are continulng to seek additional
Ltnrestricted funds to build up its reserve.
Page 5

HE REDEEMED CHRESTIAN CHURCH OF GOD
GREAT GRACE ASSEMBLY
TRUSTEES, REPORT (Continued)
FOR PERIOD ENDED 31 DECEMBER 2023
PRINCIPAL FUNDING
Funding has been provided mainly through tithes and offerings by church members
and through gift aid, Pledges are also taken for specific projects.
FUTURE DEVELOPME
The charity continues to explore various ways of Sp￿adIng the gospel of Christ in
an effectlve manner. The charity is also looking to grow in membership and
continue to develop its members to make life-changing impatt in society.
Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD
GREAT GKACE ASSEMBLY
TRUSTEES, REPORT (Contlnued)
FOR PERIOD ENDED 31 DECEMBER 2023
srATEMEKf OF TRUSTEES, RESPONSIBILlnES
The charity trustees are responslble for preparlng the Trustees, Annual Report and
flnanclal statements in accordance with appllcable law and Unlted Klngdom
Accounting Standards (United Klngdom Generally Accepted Accounting Pract1￿).
The law applicable to charities In England and Wales requlres the trustees to
prepare finanaal statements for each f5nanclal year which glve a true and fair vlew
of the of the charlty and of the incoming resources and application of resources of
the charlty for that period. In preparing these flnancial statements, the trustees are
required to:
Selett suitable accounting pollcles and then apply them conslstentlyi
Observe the methods and principles in the Charitles SORP;
Make Judgement and estlmates that are reasonable and prudent;
Prepare the flnancial ststements on the golng concern basls unless it is
inappropriate to presume that the company wlll continue in operatlon.
The trustees ￿COgnise thelr responsibilitles to keep proper accountlng records that
dlsclose with reasonable accuracy at any tlme the financial position of the charlty
and enable them to ensure that the financlal statements comply with the Charities
Act 2011. They are alsa responsible for safeguarding the assets of the company
and hence taking reasonable steps for the prevention and detection of fraud and
other irregLtlarities.
The appended flnancial ststements have been prepared on the accruals basis and
have been examined by an Independent examiner, whose report is also appended.
Approved by the Trustees on
2024 and slgned on their behalf by:
Mrs S O Ogunleye
Trustee
Mrs V Esoko
Trustee
Page 7

THE REDEEMED CHRisfIAN CHURCH OF GOD
GREAT GRACE ASSEMBLY
INDEPENDENT EXAMINERS REPORT
FOR PERIOD ENDED 31 DECEMBER 2023
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD - GREAT GRACE
ASSEMBLY.
I rep)rt on the accounts of the tharity for the year ended 31 December 2023 which is
set out on pages 9 to 14.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's
trustees consider that an audit is not requir￿ for this year under section 142(2) of the
Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of Charities Act 2011;
follow the procedures laid down in the General Directions given by the
Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
state whether particular matters have come to my attention.
BASIS OF EXAMINER'S STATEMENT
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination include5 3 review of the accounting records kept
by the charity and a comparison of the accounts presented with those records. It also
includes consideration of any unusual items or disclosures in the accounts and seeking
explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts present a 'true and fair"
view and the report is limited to those matters set out in the statements below.
EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention..
(l ) which gives me reasonable cause to believe that in any material respect the
trustees have not met the requirements to ensure that:
proper accountlng records are kept (in accordance with settion 41 of the Act);
and
accounts are prepared which agree with the accounting records and comply wlth
the accounting requirements of Act; or
(2) to which, in my opinion, attention should be drawn to enable a proper
understanding of the accounts to be reached.
Akintayo Ojo FCCA
46 Hollywood Way
Erith
Kent
DA8 2QE
Date.,
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD - GREAT GRACE ASSEMBLY
STATEMENT OF FINANCIAL ACTivfrIES
FOR YEAR ENDED 31 DECEMBER 2023
Unrestrittèd
Restritted
Totsl
Total
Funds
Fund5
Funds
Funds
2023
2023
2023
2022
Notes
INCOMING RESOURCES
Donations, legacies & similar incoming resources
Attivities Sn furtherance of charity's obj.ect
Grants received
Other income
Total Incoming resour￿$
141,068
2,027
5,000
710
148,805
141,068
4,285
5,000
710
151,063
164,807
4,894
5,000
2,258
2,258
174,701
RESOURCES EXPENDED
Charitable expenditure
Grants payable - individuals welfare
Grants payable - institutional
Costs of activities in furtherance of
charltles objerts
Management and governance costs
Total resour￿$ expended
320
4,168
4,213
4,213
146,291
8,931
159,436
146,291
8,931
159,436
147,456
3,723
155,668
Net (outgolng)/incoming resou rces for year
10,631
2,258
8,373
19,033
Total ￿ndS at the start of the year
78,586
78,586
59,553
BALANCE AT END OF YEAR
67,955
2,258
70,213
78,586
Movements In ￿serveS and all recognised and losses are showll above
The charity's incoming resources and resources expended all relate to continuing activltes.
Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD - GREAT GRACE ASSEMBLY
BALANCE SHEET
AS AT 31 DECEMBER 2023
Notes
2023
2022
FIXED ASSETS
Tangible Fixed assets
6,621
4.016
CURRENT ASSETS
Cash and bank balances
Debtors
io
li
77,315
83,925
3,500
87,425
77,315
LIABILITIES
C￿dItorS
Trade creditor's due wlthin 12 months
AccnJ81: accountancy fees
12
4,935
I,ioo
I,IOD
Credltor's due after 12 months
8,788
11,755
NET ASSErs
70,213
78,586
CHARITY FUNDS
General
unrestrlcted
General
restricted
TOTAL FUNDS
Id
le
67,955
2,258
70,213
78,586
78,586
The accounts have been prepared In acttlrdaTr￿ wlth the SFeclal provlslon of Statement of Recommende¢ pract4￿..
A£cauntln9 and ReportlThJ by (SORPI Issued March 2005 as modlfled For smaller charltles
Approved by the Trustees on
14rf, S6ft
2024 and signed on thelr behalf by:
Mrs F Ogunleye
Trustee
Mrs V Esoko
Trustee
Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD - GREAT GRACE ASSEMBLY
NOTES TO THE ACCOUNTS
I. ACCOUNTING POLICIES
(al The accounts are prepared under the htstorical cost convention and in accordance with appllcable accounting
Stsndards. Tney follow best practyce as set out in the Statement of Recommended Prathce: Accountlng and
Reporring by Charities ISORPI Issued March 2005 as modified for smallèr charities.
Ibl Income and expenditure Is accounted for on an accruals basis.
(c} Fixed assèt5 comprise furniture and equipment and musica1 equipments and have been c05ting more than EIQ).
Tangl￿e fixed assets are stated at C051 less depreciation. Depreclation is provided at rates cakulated to write off
the cost of fixe(J asset5. less their estimated residL4al value, over thelr expetted usefvl lives on ttte following bases..
Musical equipments
25% reduclng balance
Fumitures and fittings
25% reduclng balance
Comwter equlpff*nts
25% reducing balance
Motor Vehicles
250kn reduclng balance
Idl Unrestritted funds are Incomin9 resources r￿e1ve￿ for the obJecrs of the charity wlthout further specified purpose
and ao available as general funds.
{e) Restthtted funds are subjett to restrictions on their expenditure Impos￿ by their donors.
Unrestricted
Re5tticted
Total
Total
Funds
2023
Funds
Funds
Funds
2023
2023
2022
2. DONATIONS, LEGACIES AND SIMIL4R INCOMING RESOURCES
Collection and other donations
Accrued gift aid
Other Income
138,233
138,233
133,912
30,859
35
164,807
2,835
141,068
2,835
141,068
3. AcfIvmES IN FURTHEPANCE OF CWARITfS OBJECT
Other donatlons
Building Project
Christmas lunch on Jesus
2,027
2,027
2,258
762
4,112
20
4,894
2,258
2,027
2,258
4,285
4. GRANT RECEIVED
HMRC'S Employers NI relief
CJRS Grants
5,000
5,000
5,000
5,000
5,000
5,000
4. OTHER INCOME
Interest Income
710
710
Page 11

TME REDEEMED CHFugfIAN CHURCH OF GOD- GREAT GRACE ASSEMBLY
NOTES TO THE ACCOUNTS
Unrestrftted
Restricted
Total
Total
Funds
F￿ndS
Funds
Fund5
2023
2023
2023
2022
5. Grants payable - indivlduals
Member's welfare
Total
320
320
6. Grants payable - Institutional
Charitable givlng -UK
Total
4,213
4,213
4,213
4,213
4,168
4,168
List of Institutional grants payable
RCCG WEM
World Evangelism
RCCG Central Offlce
Central Office Suppc
Camp Grotjnd UK
Mlssion support
Others
Mission su pport
Total grant payable - Institutlonal
2,773
440
1,000
2,773
440
1,000
2,668
300
1,200
4,168
4,213
4,213
7. COST OF AcfIviTIES IN FURTHERANCE OF CHARITY'S OBJECTS
Visiting speakers expense5
3,450
Worship cost
696
Travel and subsistence
Hall hire, rent & rates
Mission and evangelism
Community project
Publicity & Media
Welfare & hospitality
Printing, postage, stationery & IT consumables
Music, Ilturgy & church group
Motor running costs
Staff cost
Depreciation
Sundry expenses
Conference, trainlng & retreat
Insurance
Telephone
Charity Support
3,450
696
2,565
loo
2,428
26,770
2,033
6,784
2,554
2,473
790
1,112
180
2,428
26,770
2,033
6,784
2,554
2,473
790
1,112
180
125
24,448
1,725
7,702
144
835
2,051
1,227
2,774
76,488
4,388
1,008
296
316
1,341
19,923
147,456
81,722
5,195
1,768
1,000
3,583
1,680
2,074
146,291
81,722
5,195
1,768
1,000
3,583
1,680
2,074
146,291
8. MANAGEMENT AND GOVERNANCE COSTS
Pmffessional fee5 - Legal
Proffe5sional fee5 - Other
Examiner's fees - accountancy
6,086
1,295
1,550
8,931
6,086
1,295
1,550
8,931
2,623
I,ioo
3,723
Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD- GREAT GRACE ASSEMBLY
NOTES TO THE ACcOU￿s
9. TANGIBLE FIXED ASSETS
Motor
Musical Computers Furniture &
Vehicle equlpments & projettors
Fitting5
Total
31-Dec
2023
Total
31-Dec
2022
Cost
At l January 2023
Additions
At 31 December 2023
14,500
3,463
1,126
4,589
1,670
6,674
8,344
538
20,171
7,800
27,971
18,816
1.355
20,171
14,500
538
Depreciation
At l January 2023
Charge for the year
At 31 December 2023
11,500
3,000
14,500
2.727
527
3,254
1,670
1,669
3,339
258
16,155
5,195
21,350
11,767
4,388
16,155
258
Net book value
At 31 December 2023
1,336
5,005
280
6,621
4,016
At 31 December 2022
3,000
736
281
4,016
Year ended
31-Dec
Year ended
31-Dec
2022
10. CASH BALANCES
2023
Cash and bank
77,315
83,925
11. DEBTORS
Year ended
Year ended
31-Dec
2022
31-Dec
2023
Accrual & Prepayments
Loans
Total
3,500
3,500
12. CREDITORS
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Accrual.. accountancy fees
Accual,. staff cost
Total
1,550
3,385
4,935
I,ioo
I,ioo
Page 13

THE REDEEMED CHRISTIAN CHURCH OF GOD - GREAT GRACE ASSEMBLY
NOTES TO THE ACCOUNTS
12b. CREDITORS
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Trade creditoVs due after 12 months
Bounce back loan
8,788
11,755
13. RELATED PARTY TRANSACTIONS
During the year, the church paid institutional grants to other RCCG organlsations such as the
World Evangelism Misslon as stated in note 7.
14. STAFF COST AND NUMBERS
Staff costs We￿ as follows
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Wages and salaries
Social security costs
Pensions
76,500
5,222
71,373
5,115
81,722
76,488
Year ended
Year ended
The average number of employee during the year was as follows
31-Dec
2023
No.
31-Dec
2022
No.
Pastora
Charity admlnlstratlon
Total
No employee received remuneration amounting to more than £50,000 in the year.
15. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
Year ended
Year ended
This Is stated after charging
31-Dec
2023
31-Dec
2022
Depreciation of tangible assets owned by the charity
Accountant's fees
5,195
1,550
4,388
I,ioo
Page 14