THE REDEEMED CHRISTIAN CHURCH OF
GOD- PRAISE CONNECTIONS
End of Year Financial Statements
th
Year ending 30 November 2024

Contents
harity Details and Trustees .
Trustees. Reportfor the year ènded 30th November 2024................,.........,..........,....,...............,..........
Independent Examiner's Report to the Trustees and Members..,.....,,..,....,,....,,.........,,...,,..,.....,,....,,....
Slalement of Financial Activities foryear Ended 30th Novembar 2024.......................................................
Balance sheet as of 30 November2024.........,....................,.....,.....,....................,....................,................
Notes to the Financial Statement for the year ended 30th November 2024,....
Summary ofAssels by Fund,......,...............,.....,...,,....,....,,...,.....,....,,,.........,....,.........,.....,...,,,.,.,.,.........,,..
Fund movement by type,,..,.,....,.,,..
.12
Analysis of income and expenditure,....,..........,....,..........,..........,.....,...............,...............................,.........13

RCCG- PRAISE CONNECTIONS
Charlty Details and Trustees
Charity No,.
114985?
Trustees
Solomon Sonubi
Emmanuel Enlrayetan
Gbeinisola Jegede
Secretary
Solomon Sonubi
Registered Off ice
68, Nethan Drive
Aveley
South Ocl<endon Essex
RM15 4RJ
Accountants
Solinx Global Account.ing Services
Accountan t5 & Managerllerit Consu Itants
Liberty House
I, Clarks Road
ICII l.UG
Bankers
HSBC Ban1( PIC
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RCCG - PRAISE CONNEcri
NS
Trustees. Report for the year ended 30th November 2024
The Trus18es are delighted10 5ubmlt thelr report and accounts for the year ended 3Q November 2024
The Financial ststements have been prepared in accordance with the accoLJnling policies sel out on pages g and 10 and comply
with the Statement of Recommended Pra￿1￿ ISORP20051, and any applicable law.
Trustees
The Trustees nam￿ on pagè 3 have seNed throughout the year. Appolntment of Trus16Bs is governed by the Trusl Deed of the
charity, The Board Df Trusteès is aulhorised tu appoint new Trustees to fill vacancies arising through rosionalion or daath of an
existing Trustee.
Investment Powers
The Trustees have the authority bestowed on them by the Trust Deed lo make and hold investments using the charity's fund, bul
no such investment are presently held.
Constitution Ob'octives and Princi
al Activities
The objectives and principal activities Include the advancement ot Christian Faith Worldwide in ac(t)rdance the doctrine sel
out In the SlalamoNI of faith and oth8r relalad activities sel out In the Trusteè Dgeds, such as the relief of povérty, etc.
We alm lo restore family values and change lives through weekly sermons and leaching on Sundays and weekly Bible Study and
Prayer meetings.
Develo
ment activities and achievements In the
The Trustees are pleased to report that the charily in addiliorTr lo the weekly Sunday se￿]ce, the following achievements were
made through other annual actlvlties organized by the Charity-
Resldents In our local commLinity and suburbs were positively irnpacted through the annual Conferenfjes and
Semlnsrs organized by the Charily in May 2024, the charity also organized Annual Praise Extreme MLISIC Festival for a15
you'ths In Ihg loc41 communities and suburbs. Through this music f851ival, we are able to Impact positive Christian
values into the youths within OLir locality.
The Charity al80 organized 8 vl8it to Glebe Housa Nurslng HOMÈ for thè Elderly in Ralnham, Essex, lo slng Chrlstmas
Carol end distribute Christ￿18S gifts lo the residents. These activities attracted positive feedbacks from the residents.
The charily also provided free counselling services (using professional counsellorsl to younger adults, Adults 8nd
Iderly persons.
The charity organpzed free essential skills training for the unemployed to help secure jobs
ear
Risk Mana
ement
The Tru8lees have assessed the major risks ID which the Charity is exposed, particularly those relating lo the operation and
finan￿ and are satisfied with the risk manasjemenl systems in plaLe lo mitigate any risk exposure.
Future Dèvelo
monts
Tlie Trustees aims lo increase the activities of the Charity year in year out.
The Trustees seek lo extend these aclivitios and are pursuing a number of programs to ei)able this lo happen. The eharity wffjll
continue lo focus its activities lo meet ils set objective5.
Page 4

Reserve Polic
11 is the poliry ol the Charity to mciinlain unrestricted funds al a level wliich provides sufficient funds to cover management and
adminislralion and, support costs. Unreslricled funds are expected lo be maintsined al a level throughout the year, However,
durlng the year under review, there were no resthcted funds In Ilie charity's books.
Statement of Trustees. Res
onsibilities
Charity law requires the Governing Body ID prepare financial Statements for each tinanoal year in accordance with United
Kingdom Generally A¢Geple(l Accounting Practice {United Kingdom Accounting Standards) and appllcable law.
Undtsr charity law th& Goveming Body mu8t not approve Ihg ff nanclal statements unless It is satisfied that they give 8 tnje and falr
view of Ilie slate of affairs of tho Charlty and of ils nel incoming or outgoing resources for that period. In preparing these fiiiancial
slalements, the Goveming Bady is required to,,
S8lect the most suitable atxounling policies and then apply Iham consislenlly.
Make judgements and accounting eslimates Ihal are reasonable and prudent.
Slate whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the, financial statements., and
Pr8pare the financi31 stalemènls on the golng concem basi8 unless it is inappropriala lo presuma that thé Charity will
conlinue Iv opeiale.
The Governing Body is responsible for keeping proper accounting records that are sufficient ID shc)w and explain the Charity,.
tr8nsadions and disclose with reasonable accuracy al any lime the flnanoial position of the Charity and enable il lo 8nsure Ihal
th8 finaiicial staloments comply with the Charities Act 2011. It is also r8sponsiblg ft)r safoguarding tho a%sets of Ihe Charity and
ensuring their prop8r application und8r charity law and h&nc& for takiiig reasonable stops for the prevention and detection of frakjd
and other irregularities.
roval
This report was approved by the Board of Tru51ees on the
and signed on their behalf by..
Truslae..
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RCCG - PRAISE CONNECTIONS
Independent Examiner's Report to the Trustees and Members
We r8porl Dn the financial statements of th8 Charity lor tl)e year ended 30 November 2024 ivhich are sel out below, and notes to
the financial slalemenis on pag8s 9 10 10.
Res
ective Res
onsibilities of Trustees and Examiner
As the Trustees, you are responsible for the preparation of the accounts.
you consider that an 8udil is ng1 required for this year lunder section 4312) Df Ihe Charity Act 1993 {the Acl) and that independent
examination is ne&d&d.
It Is uur responsibility lo..
ExBmine Ihe account under section 43{3Xal of the Act.
To follow the procedures lald down In the General Directions given by the Charity Commission (under section 43 [71 Ibl
of Ihe Act., and lo state whethE4r particular matters have come to our allenlion,
Basis of Inde
endent Examiner's Re
ort
Our examination was carried out in a¢wrdan¢e ￿qlh the General Directions given by the Charity Qlommissioner s. An examinatlon
inciudes r6view of the accounting records kept by th8 Trustees and a comparlson of the accounts presented with those records.11
also includes consideralion of aiiy unusual il8ms or disdosures in the accounts and, seeking explanations from you as the
Trustees concerning any such matters. The procedures undertaken do not provide all the evidènce that would be raquirad in an
audit and consequently we do not express an audit opinion on the view given by the accounts.
Inde
endent Examlner's Statement
In accorclancg with the examination, no m2tler has comg lo our attention whlch gives us reasonable Cause lo believe that in aiiy
alerial respect that the requirements lo keep accounting records in accordancè wllh sectlon 41 of Ihe Act,. and lo prepare
accounts which agree wllh the accounting records and lo comply with the accounting requirements of the Act have not been mel
or lo whi¢li, in our opinion, atlenlion should be drawn in order lo enable a proper understanding of the accounts to be reached.
SOLINX GLOBAL ACCOUNTING SER VICES.
fAccountrJnts & Mono¥ement Consultants)
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RCCG - PRAISE CONNECTIONS
Statement of Financial Activities for Year Ended 30th November 2024
Unrestricted
Funds (2024
Restricted Endowment
(2024)
fund5
fund5 Total fiiiids
(2023)
total funds
Income and endowments from:
Donations, legacies and other Income
2.366,990
2,366,990
885.080
Income from charitable activities
Investments
Othèr Incom
Total income
482,241
482,241
221,270
2,849,231
2,849,231
1,108,350
Expendlture on:
Expenditur8 on charitable activitie5
Donations to other charities
Total expendilure
1,057,486
191 189
1,248,675
1,057,486
191,189
1,248,675
267,564
2,050
269,614
Gainsllosses on investment assets
Net Incom& I18xp8ndltur81 resources before
transfer
1,600,556
1,600,556
836,736
Transfers
Gross transfers betwean funds - in
Gross transfers batwoen funds - out
Other recognlzed galns I losses
Gains on revaluatlon, flxed assets, charity's own use
Net movement In funds
1,600,556
1,600,556
836,736
Total funds brought forward
1,318,296
1,318,296
481,560
Total funds carried fO￿ard
2,918,852
2,918,852
1,318,296
Ther8 were no recognized gains or1085es for the
year other those Included In the statement of
Financial Activities.
Pcige 7

RCCG - PRAISE CONNECTIONS
Balance sheet as of 30th November 2024
Class
Descri
tion
2024
2023
Flxed assets
TV set
Camping Canopy
PA System
Projector
Storage trailer
Computers & Laptops
Muslcal Inslrumenls
Multi-media Equipment
Mini buses
Prolactor Scrèèn
Aluminum Church Pulplt
D￿M Sel Instrument
Speaker Trolley
Total Fixed assets
3,318
1,266
7,910
1,376
4,219
1,688
10,547
1,835
90
12,926
8,712
9,207
11,222
9,694
S,534
35,324
56,250
3,154
4,206
275
64,926
124,826
Current assets
Bank Balances
Total assets
1,600,558
1,725.382
1,318,298
1,383,222
Represented by funds
Unrestricted
Designated
Restricted
Endowmènt
Totsl
1,725,382
1,383,222
1,725,382
1,383,222
Trustee Member:
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RCCG- PRAISE CONNECTIONS
Notes to the Financial Statement for the year ended 30th November 2024
Accountin
Policies
Prin¢ipal accountlng pollcles
The financlal slalemenl has been prepared under th8 hisloricsl cost convention and in accordanc& wilh thè Stslement Df
R9comm8nded Practlco ISORP 20051, appllcable aecounting standards and the Charilios Act 1993.
The Charity has taken advantage of the exemption in the Financial Reporting St<*ndard from the requirement lo produca a
cashflow stat&ment on the ground that il qualifies 88 small charity.
Fixecl as$ets and depreciation
Tangible fixed assets for the year by the Charity are slated at cost less depreciation, wrttten off on a slraighl-line basi5.
Oeprecialion is provided al rates calculated to write off the cost or valuation of fixed assets,.
Furniture, Fitlino & Equipment
25Y
Incoming Resources
These are income from Offerings, Ttthes, Donations. Gills ald elc,
Charltable Trading In¢omo
There is no in￿me genorated from any Charitablo trading during Ihls period.
Taxatlon
The ¢h8rity has rèceived tharilable 8x@mption under Sèction 505 cjf the Income and CA)rporalion Taxe5 Acl 1998.
Value Added Tax IVA TI
Value Added Tax is not rec.overable by the Charity and as ovuch not indL4ded in the relevanl cost in the Statement of Financial
Activities.
Expenditura
Expenditur8 is included in th8 financi81 statomenl DN an accrual basis.
Grant, donation, and gtfts receivable for the general purpose of th@ Charity are cr8di.led lo the Statement ol Financial Activities
ISOFAI in the year they are received.
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RCCG - PRAISE CONNECTI
NS
Contlnuation of Notes to the Financlal Statements for Ihe year endéd 30th November 2022
Resources oxpended include those charitable expenditures which are tliose costs incurred by Ilie charity in the deliverance of Ils
aclivilies and servicgs.
It indud6s both costs that can be allocated directly lo such activities and those costs of an indirect nature necessary lo support
tliem.
Unrestrlcted General Fund- comprising Funds which can be us8d in accordanca uvith the ch8rildble
obj9cls al the discretion of the Trustees.
Re$trf¢led Funds-Re8tricted funds are funds which can only be used for the specific purpose as18id out by the donor.
Expeiiofilure which meets this criterion is Identtfied to the fund, tog61her with a fair allocation of overheads cost. -Fhere were no
raslriclgd lunds during the year.
Page 10

Summary of Assets by Fund
Generlll Desl iiated Restricted Eiidoivment
2024
2023
Flxed assets- Intangible as¥et8
TVs81-
3,318
3,318
4,219
Camping Canopy-
1,266
4,584
1,266
4,S84
Totals
5,907
Flxgd assots . Tanglbl@ assets
PA Syslom .
Projector-
Storage traller-
Computers & Lapfrops -
Musical Instrurnents-
Multi-media Equipment-
Minibus
Drum Sel Inslrumenl.
Spgakar Trollgy-
7.910
1378
7,910
1376
10,547
1,835
90
12,926
8.712
9,207
11,222
4,206
275
64,926
9,694
6,534
35,324
56,250
3,154
9,694
6,534
35,324
56,250
3,154
Totals
124,826
124,826
Current assots . Cash at bank and in hand
Bank Balances-
1,600,556
1,725,382
1,600,556
1,725,382
1,318,296
1,383,222
Total$
Grand total
1,725,382
1,725,382
1,383,222
Pagg 11

Fund movement by type
enin
IncomiAI
Oiit
oin
Transfers Gainsllosses
Closiii
Building - Building Fund
UnreslriGte
1216,368
1,216,368
1,216,368
1,216,368
Sub-total for Building
General . General fund
Unreslrlcted
1,318,296
1,318,296
1,632,863
1,248,675
2,849,231 11,248,675)
1,118,315
2.9Ya,852
SU￿£018[ for Gengral
Revaluatlon reserves
Designated
sub.total for Revaluation
Grand total
1 318 296
2,849 231
1248 675
2,918,852
Page 12

Analysis of income and expenditure
Total
Unrestricted Desi
iiated Restricted
End0T￿lent
2024
2023
INCOME AND ENDOWMENTS
Donatlons and legacies
Tithe and Offerings
Thanksglving donations
Donations towards buildings
800,000
550,622
1,216,368
2,366,990
600,000
550,622
1,216,368
2,366,990
500,000
156,350
450,000
1,106,350
Totsl
Income from charitablo actlvltlas
Donation to Church building including
Gift Aid Receivad from HMRC
Charfties
482,241
482.241
221,270
Total
2,849,231
2,849,231
1,327,620
Investments
Income from Other Investments
Total
Other income
PR108 - Loan R8payment received
Donations towards Rotreat
Total
INCOME TOTAL
2,849,231
2,849,231
1,327,620
Page IS

EXPENDITURE
Expenditure on charitsble activities
2024
Expenditure on charitable activities
PR2001 Minister's
Stipend and Expenses
PR2002 - Other Ministry
staff Costs
PR2003 - Rent-Hall for
church Services
PR2004- Other Local
Costs
PR2005- Publicity
PR2006- Staffs Training
and Education
PR2007- Accountancy
Fee
PR2008 - Stationeries and
Prrnling
PR3001 Donations to
oth8r Missions and
Charitie
PR4001- Assets Repairs
and Maintenance
PR4002 - Assets
Depreciation
PR4003- Insurances
PR4004- Assets Flnancè
Expenditure on charitable
activities Totals
Other expenditure
PR2009- Software and IT
PR2010 - Accommodation
and Travel
PR5001 - Loan to Other
Charitlès
PR6001 PA & Multi-
Media System Accessories
PR6010 - Bank Charges
other expenditure Totals
Expenditure Grand Totals
2024
2023
46,645
46,645
14,150
69,171
69,171
31,713
53,458
53,458
2,970
433,784.
752
433,784.
752
105,887
5,996
7,600
7,600
14,866
2.150
1,000
1,000
27,172
27,172
2,864
233,880
233,880
2,050
22,837
22,837
1 ,700
20,410
15,719
125,052
20,410
15,719
125,052
21,642
1,572
1,159.66
1,057,486
1,057,486.04
207,560
736
736
1,172
169,955
169,955
59,710
20,000
497
191,189
1,248,675
20,000
497
191,189
1,248,675
1,000
172
62,054
269,614
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