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Registered Registered number: number: 08434543[08434543] Charity Charity number: number: 1151560[1151560]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’)[('RCCG')] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited[limited] by by guarantee) guarantee)

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TRUSTEES' TRUSTEES' REPORT[REPORT] AND[AND] FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR[YEAR] ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

SS CONTENTS CONTENTS

	Page Page
Reference and administrative details of the Charitable Company, its Trustees and Reference and administrative details ofthe Charitable Company, its Trustees and	1 1
advisers advisers
Trustees' report Trustees’ report	2-7 2-7
Independent auditors' report onthe financial statements Independent auditors’ report on the financial statements	8-12 8-12
Statement of financial activities Statement offinancial activities	13 13
Incomeand expenditure account Income and expenditure account	14 14
Balance sheet Balance sheet	15-16 15-16
Statement of cash flows Statement of cash flows	17 17
Notes to the financial statements Notestothefinancialstatements	18 - 36 18-36

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

|eeSa rr a REFERENCE REFERENCE AND AND ADMINISTRATIVE ADMINISTRATIVE DETAILS DETAILS OF OF THE THE CHARITABLE CHARITABLE COMPANY, COMPANY, ITS[ITS] TRUSTEES[TRUSTEES] AND AND ADVISERS ADVISERS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Trustees Trustees	Mr Agu Irukwu MrAgu Irukwu
	Dr Shola Adeaga Dr Shola Adeaga
	Mr Olabowale Odusote Mr Olabowale Odusote
Company registered Company registered
number number	08434543 08434543
Charity registered Charity registered
number number	1151560 1151560
Registered office Registered office	The Brook The Brook
	Abbey Road Abbey Road
	Stratford Stratford
	London London
	E15 2QT E15 2QT
Chief executive officer Chief executive officer	Pastor AkinyemiOdusolu Pastor Akinyemi Odusolu
Independent auditors Independent auditors	Stephen Michael Associates Stephen Michael Associates
	Chartered Certified Accountants Chartered Certified Accountants
	201 Borough High Street 201 Borough High Street
	London London
	SEI IJA SE1 1JA
Bankers Bankers	Barclays Bank plc Barclays Bank plc
	737 Barking Road 737 Barking Road
	London London
	E13 9PL E139PL

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

TRUSTEES' TRUSTEES' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

The The Trustees Trustees present present their their annual annual report report together[together] with[with] the the audited audited financial financial statements statements of of the the Charitable Charitable

Company Company[for] for the[the] 1 1 January January 2024 2024 to to 31 31 December December 2024. 2024. The The Annual Annual report report serves serves the the purposes purposes of of both both a a

Trustees' Trustees' report report and and a a directors' directors' report report under under company company law.[law.] The The Trustees Trustees confirm confirm that[that] the the Annual Annual report report and and financial financial statements statements of of the the charitable charitable company company comply comply with with the the current current statutory statutory requirements, requirements, the the requirements requirements

of of the the charitable charitable company's companys governing governing document document and and the the provisions provisions of of the the Statement Statement of of Recommended Recommended Practice Practice (SORP)[(SORP)] applicable applicable to[to] charities[charities] preparing[preparing] their[their] accounts[accounts] in in accordance accordance with with the the Financial Financial Reporting Reporting Standard applicable Standard applicable in[in] the[the] UK[UK] and[and] Republic Republic of[of][Ireland] Ireland (FRS102) (FRSI[ 02)] (effective[(effective] 1[1] January January 2019).[2019).]

Since Since the the Charitable Charitable Company Company[qualifies] qualifies as as small small under under section section 382 382 of[of] the the Companies Companies Act Act 2006,[2006,] the the Strategic[Strategic] report report required required of[of] medium medium and and large large companies companies under under the the Companies Companies Act[Act] 2006 2006 (Strategic[(Strategic] Report Report and and Directors’[Directors'] Report) Report) Regulations Regulations 2013 2013 has has been been omitted. omitted.

Objectives Objectives and and activities activities

a. a.[Policies] Policies and and objectives objectives

The The Charity's Charity's main main objects objects are: are:

° The The advancement advancement of[of] the[the] Christian[Christian] religion[religion] worldwide;[worldwide;] and[and] . The The[relief] relief of[of] poverty[poverty worldwide.] worldwide. The The Charity's Charity's main main objectives objectives continue continue to[to] be:[be:]

° Empowering Empowering members members & & anyone anyone[that] that identifies identifies with with the the ethos[ethos] of[of] the the charity charity to[to] set set up up an an initiative initiative or or enterprise enterprise that that amplifies amplifies their their purpose purpose & & vision. vision.
° Intensifying Intensifying efforts efforts in in developing developing more more community community based based initiatives initiatives that that will will serve serve as as a a source source of[of] transformation transformation in in our our society.[society.]
° Setting Setting up up[formal] formal & & informal informal performance performance evaluation evaluation & & feedback feedback structures structures that[that] will will enable enable the the charity charity run run more more effectively. effectively.
. Repositioning Repositioning the the charity charity in[in] the the minds minds of[of] the the community, community, rebranding[rebranding] the the charity charity & & the the building[building] with[with] a a view view to[to] changing changing people's[people's] mind[mind] sets[sets] or[or] perception[perception] about[about] the[the] church.[church.]
° Refurbishing Refurbishing the the charity charity premises premises & & making making it[it] more more fit fit for for purpose purpose including including the the restoration restoration of[of] vibrant vibrant and and[true] true worship. worship.
° Reaching Reaching out[out] more more with[with] a a view[view] to[to] bringing[bringing] in[in] new new visitors[visitors] via via specific specific bridge bridge events events & & more more inclusive inclusive use use of of charity charity premises premises & & more more outward outward focused focused ministry ministry events. events.
° Reproducing Reproducing new new leaders[leaders] & & groups groups that[that] will[will] enable enable succession succession planning[planning] for[for] all[all] areas areas of[of] our[our] operations. operations.
° Intensifying Intensifying our our training training efforts efforts to to ensure ensure we we have have a a regular regular supply supply of of competent competent volunteers volunteers & & able able lay lay ministers. ministers.

In In setting setting objectives objectives and and planning planning for for activities, activities, the the Trustees Trustees have have given given due due consideration consideration to[to] general general guidance guidance published published by by the the Charity Charity Commission Commission relating relating to[to] public public benefit, benefit, including including the the guidance guidance ‘Public['Public] benefit: benefit: running running a a charity charity (PB2)' (PB2)' and,[and,] its[its] supplementary supplementary public public guidance guidance on on the the advancement advancement of[of] religion religion for for the the public public benefit. benefit..

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’)[CRCCG')] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

ETE TRUSTEES' TRUSTEES'REPORT REPORT (CONTINUED)[(CONTINUED)] FOR FOR THE[THE] YEAR YEAR ENDED[ENDED] 31[31] DECEMBER[DECEMBER] 2024[2024]

Objectives Objectives and and activities activities (continued) (continued)

b. b. Strategies Strategies for for achieving achieving objectives objectives

The The Charity's Charity's strategies strategies for for achieving achieving these[these] objectives objectives were: were:

° Putting Putting together[together] adequate adequate financial[financial] & & administrative administrative support[support] for for the the running[running] of[of] all[all] the[the] Charity's[Charity's] activities activities including including the the establishment establishment of[of] new new church church parishes. parishes.
° Building Building a a network network of[of] relationships relationships within within the the local local & & national national community community with with a a view view to[to] engaging[engaging] them them in[in] joint joint community community efforts efforts
° Putting Putting together together project project teams teams to[to] coordinate[coordinate] various various activities activities both[both] in[in] the the Church Church & & in[in] the the Community. Community.
° Fundraising Fundraising to[to] finance finance the the objectives. objectives.

c. c. Activities Activities undertaken[undertaken] to[to] achieve[achieve] objectives[objectives]

° Leadership Leadership Training Training ° Volunteer Volunteer Training Training ° Community Community Outreach[Outreach] Events[Events] ° Conferences Conferences & & Events Events

d. d. Volunteers Volunteers

The The Charity Charity is is grateful[grateful] for for the the efforts efforts of[of] its[its] volunteer volunteer workforce[workforce] that that are are involved involved in in various various areas areas of of service service provision, provision, development, development, and and implementation implementation of of the the Church's Church's vision. vision. It[It] is is impossible impossible to[to] put put a a value value on on the the efforts efforts of of these these people; people; we we do do however however have have a a volunteers’ volunteers' training training programme programme which which caters caters for[for] the the welfare, welfare, spiritual spiritual and and socio-economic socio-economic development development of[of] these[these] people. people. e. e. Main Main activities activities undertaken undertaken to[to][further] further the the Charitable Charitable Company's Company's purposes purposes for[for] the the public public benefit[benefit] It It pursues pursues these these objects objects by by the the operation operation of of a a centre centre for for Christian Christian worship worship at at its its premises premises in in Stratford, Stratford, London. London. The The Charity Charity runs runs a a number number of of community-based community-based vehicles vehicles of of transformation transformation that that focus focus on on assisting assisting the the disadvantaged disadvantaged & & less[less] well[well][off] off in[in] our our local[local] communities[communities] & & abroad.[abroad.] The The Charity Charity also also makes makes regular regular donations[donations] to[to] a a number number of[of] external external organisations[organisations] overseas overseas that[that] are are better[better] placed[placed] to to further further advance advance various various causes. causes. Our Our site site is is a a venue venue that[that] is is accessible accessible to[to] all[all] when when programmes programmes are are being[being] run run & & events[events] cater[cater] for[for] people[people] from[from] all[all] walks walks of[of] life.[life.] We[We] run[run] youth,[youth,] marriage,[marriage,] children's,[children's,] men's[men's] & & women's women's based[based] events. events.

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG')[CRCCG')] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) GRmSRE TRUSTEES’ TRUSTEES'REPORT REPORT (CONTINUED)[(CONTINUED)] FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER[DECEMBER] 2024[2024]

Achievements Achievements and and performance performance

a. a. Review Review of[of] activities activities

Significant Significant activities activities that that contributed contributed to to the the achievement achievement of[of] these these objectives objectives were: were:

. The The Charity Charity continued[continued] to[to] support[support] other[other] charities[charities] nationally[nationally] & & internationally[internationally] in[in] areas areas that[that] are are in[in] line[line] with with our our objectives. objectives.
. Community Community Outreach[Outreach] events[events] include include distribution[distribution] of[of] care care packs[packs] to[to] the[the] homeless[homeless] in[in] December[December] and[and] the the a a shoe shoe box box operation operation in[in] support support of[of] Samaritan’s Samaritan's Purse Purse which[which] provides[provides] Christmas Christmas gifts gifts for[for] less[less] privileged privileged children children in in other other countries countries in in Europe. Europe.
° Conferences Conferences and[and] events[events] organised organised during[during] the[the] year year included,[included,] of[of] physical[physical] and[and] virtual[virtual] conferences[conferences] for[for] the the ladies, ladies, children children and and the the men; men; and and the the first[first] inter inter tribal tribal games games with[with] participation[participation] from[from] all[all] demographies demographies
° The The Charity Charity continued continued to[to] host host the[the] annual annual Christmas Christmas Carol Carol Service[Service] and and held held the the first first paid paid Drama Drama production production
: Training Training programmes programmes were were also[also] run run which[which] included[included] Volunteers Volunteers Training Training &[&] Leaders Leaders Meetings.[Meetings.] ° The The various various accountability accountability groups groups were were maintained.[maintained.]

b. b. Factors Factors relevant relevant to to achieve achieve objectives objectives

The The other other single single most most important[important] factor factor is is the[the] continued[continued] commitment commitment of of members members both both financially[financially] and and in in voluntary voluntary hours. hours.

c. c. Investment[Investment] policy[policy] and and performance[performance]

The The Trustees Trustees have have decided decided that that at[at] present, present, funds[funds] should should be[be] retained retained in in Banks Banks and and Building Building Societies. Societies. Any Any change change in[in] such such banking banking arrangements arrangements should should be[be] agreed agreed by by the the Board.[Board.] As As far[far] as as possible,[possible,] funds[funds] will[will] be[be] retained[retained] in in interest interest bearing bearing accounts. accounts.

Financial Financial review review

a. a. Going Going concern concern

After After making making appropriate appropriate enquiries, enquiries, the the Trustees Trustees have have a a reasonable reasonable expectation expectation that[that] the the Charitable Charitable Company Company has has adequate adequate resources resources to to continue continue in in operational operational existence existence for for the the foreseeable foreseeable future. future. For For this this reason, reason, they they continue continue to[to] adopt adopt the the going going concern concern basis basis in in preparing preparing the the financial[financial] statements. statements. Further Further details[details] regarding[regarding] the the adoption adoption of[of] the the going going concern concern basis basis can can be be found found in[in] the the accounting accounting policies. policies. b. b. Reserves Reserves policy policy The The Trustees Trustees are are aware aware of of the the requirement requirement to to have have a a reserve reserve policy policy in in place place and and aim aim to to maintain maintain a a target target balance balance of[of] a[a] month's[month's] worth[worth] of[of] fixed[fixed] operational[operational] costs[costs] at at any any given given time, time, in in order order to to ensure ensure the the ongoing ongoing delivery delivery of of its its charitable charitable objects objects during during an an unforeseen unforeseen downturn downturn in in income. income. The The current current level level of of free free reserves reserves (unrestricted (unrestricted[fund] fund less less fixed[fixed] asset asset element) element) is is at[at] a a level level that[that] is is more more than[than] a a month's[month's] worth[worth] of[of] fixed[fixed] operational[operational] costs. costs. The The free[free] reserves reserves as as at[at] 31[31] December December 2024 2024 is is £130,126[E130,] 126 (2023[(2023] - - £149,023). E149,023).

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

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TRUSTEES' TRUSTEES' REPORT[REPORT] (CONTINUED) (CONTINUED) FOR FOR THE THE YEAR[YEAR] ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

c. c. Financial Financial risk[risk] management management[objectives] objectives and and policies[policies]

The The Trustees Trustees have have assessed assessed the[the] major major risks risks to[to] which[which] the the church church is[is] exposed, exposed, in[in] particular[particular] those[those] related[related] to[to] the[the] operations operations and and finances finances of[of] the the church. church. The The Trustees Trustees believe believe that[that] by by monitoring monitoring reserve reserve levels, levels, by by ensuring[ensuring] controls controls exist exist over over key key financial[financial] systems systems and and by[by] examining examining the[the] operational operational risks risks faced[faced] by[by] the[the] church,[church,] they[they] have[have] established established effective[effective] systems systems to[to] mitigate mitigate the the Charitable Charitable Company's Company's exposure exposure to to these these risks. risks.

d. d. Principal Principal funding funding

The The Charity's Charity's principal principal[funding] funding is is through[through] members'[members'] contributions[contributions] and and donations; donations; on on which which we we claim claim gift[gift] aid[aid] monthly monthly on on qualifying[qualifying] income. income.

Structure, Structure, governance governance and and management management

a. a. Constitution Constitution

Redeemed Redeemed Christian[Christian] Church[Church] of[of] God[God] ('RCCG')[('RCCG')] Trinity[Trinity] Chapel[Chapel] is is registered registered as as a a charitable charitable company company limited limited by by guarantee guarantee and and was was set set up up by by a a Memorandum Memorandum of of Association. Association.

b. b. Methods Methods of of appointment appointment or or election election of of Trustees Trustees

The The management management of of the the Charitable Charitable Company Company is is the the responsibility responsibility of[of] the the Trustees Trustees who who are are elected elected and and co-opted co-opted under under the the terms terms of[of] the the Memorandum Memorandum of of Association. Association.

c. c. Organisational Organisational structure[structure] and and decision-making[decision-making] policies[policies]

The The Charity Charity is is organised organised such such that that the the day day to to day day running running of of the the Church Church has has been been delegated delegated to to the the parish parish Pastor, Pastor, who who is is supported supported by by the the respective[respective][ functional] functional Heads. Heads. The The Trustees Trustees are are consulted[consulted] on on all[all] issues[issues] that[that] are are material material[in] in nature nature and and determine determine the the strategic[strategic] direction[direction] of[of] the the Charity's Charity's affairs. affairs. Trustees Trustees meet meet formally[formally] as as and[and] when when required required to[to] review review the the Charity’s Charity's operations. operations.

d. d. Policies Policies adopted adopted for for the the induction induction and and training training of of Trustees Trustees

New New Trustees Trustees are are issued[issued] with[with] an an orientation orientation pack pack that[that] details[details] their their legal[legal] obligations[obligations] under under charity charity law,[law,] the the Charity's Charity's decision-making decision-making processes processes and and recent[recent] financial[financial] performance performance of[of] the the Charity.[Charity.] Trustees Trustees are are encouraged encouraged to to attend attend appropriate appropriate external external training[training] events events where where these these will will facilitate facilitate the the undertaking undertaking of[of] their their role. role. Charities Charities Commission Commission bulletins[bulletins][I] | updates[updates] are are also[also] forwarded[forwarded] to to Trustees Trustees as as and and when when issued. issued.

e. e. Pay Pay policy policy for for key key management management personnel personnel

The The Trustees Trustees consider[consider] the[the] Charity's[Charity's] Trustees,[Trustees,] the[the] Pastors Pastors and[and] Administrator[Administrator] comprise comprise the[the] key[key] management[management] personnel personnel of[of] the the Charity Charity in in charge charge of[of] directing[directing] and and controlling, controlling, running running and and operating operating the the Trust Trust on on a a day-to-day day-to-day basis. basis. All All Trustees Trustees give give of[of] their their time[time] freely[freely] in[in] their their capacity[capacity] as as Trustees.[Trustees.] No No Trustee Trustee received[received] remuneration[remuneration] in[in] the the year. year.

The The pay pay of[of] the the Charity's Charity's[senior] senior staff staff is is reviewed reviewed annually[annually] and and normally[normally] increased increased to[to] account[account] for[for] inflation inflation based based on on the the latest[latest] Consumer Consumer Price Price Index.[Index.] The[The] remuneration[remuneration] is[is] also[also] bench-marked bench-marked with[with] charities[charities] of[of] a[a] similar[similar] size[size] and[and] activity activity to[to] ensure ensure that[that] the the remuneration remuneration set set is is fair[fair] and[and] not not out out of[of] line[line] with with that[that] generally generally paid paid for[for] similar similar roles.[roles.]

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

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TRUSTEES' TRUSTEES' REPORT[REPORT] (CONTINUED) (CONTINUED) FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Structure, Structure, governance governance and and management management (continued) (continued)

f. f. Financial[Financial] risk[risk] management management

The The Trustees Trustees have have assessed assessed the the major major risks risks to[to] which[which] the the Charitable Charitable Company Company is[is] exposed,[exposed,] in in particular particular those those related related to to the the operations operations and and finances finances of of the the Charitable Charitable Company, Company, and and are are satisfied satisfied that that systems systems and and procedures procedures are are in[in] place[place] to[to] mitigate mitigate exposure exposure to[to] the the major major risks.[risks.]

Plans Plans for for future[future] periods periods

The The Charity Charity continues[continues] to to explore explore various various ways ways of of reaching reaching out out to to its its community community and and spreading spreading the the gospel gospel of[of] Christ Christ[in] in an an effective[effective] manner manner[by] by raising[raising] its[its] profile[profile] in[in] the[the] community.[community.] We[We] also[also] intend[intend] to[to] extend[extend] our[our] worldwide[worldwide] influence influence through through our our various various media media efforts. efforts.

The The Charity Charity continues[continues] looking looking[to] to grow grow in[in] membership membership and[and] to[to] develop[develop] its its members members to to make make transformational transformational impact impact in[in] society.[society.]

The The Charity Charity is is located located in[in] Stratford Stratford under under a a 25-year 25-year lease lease[starting] starting from from August August 2022. 2022. Significant Significant renovation[renovation] works[works] have have been been embarked embarked on on[to] to ensure ensure that[that] it[it] is[is] a a fit[fit] for for purpose purpose home home for for the the members. members. This[This] will[will] serve serve to[to] support[support]

the the local local community community with with opportunities opportunities to to rent rent workspace workspace / / conference conference facilities facilities during during the the week week that that is is

affordable. affordable. The The premises premises serve serve to[to] draw draw in[in] potential[potential] members members and and go go a a long[long] way way to[to] generating[generating] further further income.[income.]

Trustees' Trustees’ liability liability

The The trustees trustees of[of] the the Charitable Charitable Company Company guarantee guarantee to[to] contribute[contribute] an an amount[amount] not not exceeding exceeding £1[El] to to the the assets assets of of the the Charitable Charitable Company Company in[in] the the event event of[of] winding[winding] up. up.

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD (‘'RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) 5ET SRR 2 RE TRUSTEES' TRUSTEES'REPORT REPORT (CONTINUED)[(CONTINUED)] FOR FOR THE[THE] YEAR YEAR ENDED[ENDED] 31[31] DECEMBER[DECEMBER] 2024[2024]

Statement Statement of[of] Trustees’ Trustees' responsibilities[responsibilities]

The The Trustees Trustees (who (who are are also also the the directors[directors] of of the the Charitable Charitable Company Company for for the the purposes purposes of of company company law) law) are are responsible responsible for for preparing preparing the the Trustees' Trustees' report report and and the the[financial] financial statements statements in in accordance accordance with with applicable applicable law law

and and[United] United Kingdom Kingdom Accounting Standards Accounting Standards (United (United Kingdom[Kingdom] Generally[Generally] Accepted[Accepted] Accounting Accounting Practice).[Practice).] Company Company law[law] requires[requires] the[the] Trustees Trustees to[to] prepare prepare financial[financial] statements[statements] for[for] each[each] financial[financial] . . Under Under company company law,[law,] the the Trustees Trustees must[must][not] not approve approve the[the] financial[financial] statements[statements] unless unless they[they] are are satisfied[satisfied] that[that] they[they] give[give] a[a] true[true] and[and] fair[fair] view[view] of of the the state state of of affairs affairs of of the the Charitable Charitable Company Company and and of of its its incoming incoming resources resources and and application application of of resources, resources, including including[its] its income income and and expenditure, expenditure, for for that[that] period. period. In[In] preparing preparing these[these] financial[financial] statements,[statements,] the the Trustees Trustees are are

required required[to:] to:

° select select suitable suitable[accounting] accounting policies[policies] and and then[then] apply[apply] them them consistently;[consistently;] e observe observe the the methods methods and and principles[principles] of[of] the[the] Charities Charities SORP SORP (FRS (FRS 102);[102);] ° make make judgments[judgments] and[and] accounting accounting estimates[estimates] that[that] are are reasonable reasonable and[and] prudent;[prudent;] ° state state whether whether applicable applicable UK UK Accounting Accounting Standards Standards (FRS (FRS 102) 102) have have been been followed, followed, subject subject to to any any material material departures departures disclosed disclosed and and explained explained in[in] the the financial[financial] statements; statements;
e prepare prepare[the] the[financial] financial statements[statements] on on the[the] going[going] concern concern basis[basis] unless[unless] it[it] is[is] inappropriate[inappropriate] to[to] presume presume that[that] the[the] Charitable Charitable Company Company[will] will continue[continue] in[in] business. business.
The The Trustees Trustees are are responsible[responsible] for for keeping keeping adequate adequate accounting[accounting] records[records] that[that] are are sufficient[sufficient] to[to] show show and[and] explain[explain] the the Charitable Charitable Company's Company's[transactions] transactions and and disclose disclose with[with] reasonable reasonable accuracy accuracy at at any any time time the the financial financial position position of of the the Charitable Charitable Company Company and and enable enable them them to[to] ensure ensure that that the the financial financial statements statements comply comply with[with] the the Companies Companies Act Act 2006. 2006. They They are are also also responsible responsible for for safeguarding safeguarding the the assets assets of of the the Charitable Charitable Company Company and and hence hence for for taking taking reasonable reasonable steps steps for for the the prevention prevention and and detection detection of[of] fraud fraud and and other other irregularities. irregularities.

Disclosure Disclosure of of information information to[to] auditors auditors

Each Each of[of] the the persons persons who who are are Trustees Trustees at[at] the the time[time] when when this this Trustees’ Trustees' report report is[is] approved approved has[has] confirmed[confirmed] that:[that:]

e so so far[far] as as that[that] Trustee Trustee is[is] aware, aware, there[there] is[is] no[no] relevant[relevant] audit[audit] information[information] of[of] which[which] the[the] charity's[charity's] auditors[auditors] are[are] unaware, unaware, and[and]
° that that Trustee Trustee has has taken taken all all the the steps steps that that ought ought to to have have been been taken taken as as a a Trustee Trustee in in order order to[to] be be aware aware of[of] any any relevant[relevant] audit[audit] information[information] and[and] to[to] establish establish that[that] the[the] charity's[charity's] auditors[auditors] are are aware aware of[of] that[that] information.[information.]

Auditors Auditors

The The auditors,[auditors,] Stephen Stephen Michael Michael[Associates,] Associates, have have indicated indicated their their willingness willingness to[to] continue[continue] in[in] office.[office.] The The designated designated Trustees Trustees will[will] propose propose a a[motion] motion reappointing[reappointing] the[the] auditors[auditors] at[at][a] a meeting[meeting] of[of] the[the] Trustees.[Trustees.]

Approved Approved by[by] order[order][of] of the the members members of[of] the the board board of[of] Trustees Trustees and and signed signed on on their their behalf[behalf] by:[by:]

Mr Mr Olabowale Olabowale Odusote Odusote (Trustee) (Trustee) ol Date: Date: 1 /09)r8

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) SS rr ES INDEPENDENT INDEPENDENT AUDITORS' AUDITORS' REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF REDEEMED[REDEEMED] CHRISTIAN CHRISTIAN CHURCH[CHURCH] OF[OF] GOD GOD ('RCCG’') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL

Opinion Opinion

We We[have] have audited[audited][the] the[financial] financial[statements] statements of[of] Redeemed Redeemed Christian[Christian] Church[Church] of[of] God[God] ('RCCG')[('RCCG')] Trinity[Trinity] Chapel[Chapel] (the[(the] ‘charitable 'charitable company’) company') for for the the year year ended ended 31 31 December December 2024 2024 which which comprise comprise the the Statement Statement of of financial financial activities, activities, the the Income Income and and expenditure[expenditure] account, account, the the Balance Balance sheet,[sheet,] the the Statement[Statement] of[of] cash[cash] flows[flows] and and the[the] related[related] notes, notes, including including a a summary summary of[of][significant] significant accounting[accounting] policies. policies. The The financial[financial] reporting[reporting] framework[framework] that[that] has[has] been[been]

applied applied in in their their preparation preparation is is applicable applicable law law and and United United Kingdom Kingdom Accounting Accounting Standards, Standards, including including Financial Financial Reporting Reporting Standard Standard 102 102 'The 'The Financial Financial Reporting Reporting Standard Standard applicable applicable in[in] the the UK UK and and Republic Republic of[of] Ireland’ Ireland' (United (United Kingdom Kingdom Generally[Generally] Accepted Accepted Accounting Accounting Practice). Practice).

In In our our opinion opinion the the financial[financial] statements: statements:

e give give a a true[true] and and fair fair view view of[of] the the state[state] of[of] the the charitable charitable company's company's affairs[affairs] as as at[at] 31[31] December December 2024[2024] and[and] of[of] its its incoming incoming resources resources and and application application of of resources, resources, including including its its income income and and expenditure expenditure for for the the year year then then ended; ended;
° have have been been properly properly prepared prepared in in accordance accordance with with United United Kingdom Kingdom Generally Generally Accepted Accepted Accounting Accounting Practice; Practice; and and
e have have been been prepared prepared in[in] accordance accordance with[with] the the requirements requirements of[of] the the Companies Companies Act Act 2006.[2006.]

Basis Basis for for opinion opinion

We We conducted[conducted] our our audit[audit] in[in] accordance accordance with[with] International[International] Standards Standards on[on] Auditing[Auditing] (UK)[(UK)] (ISAs[(ISAs] (UK))[(UK))] and[and] applicable applicable law. law. Our Our responsibilities responsibilities under under those those standards standards are are further further described described in in the the Auditors’ Auditors' responsibilities[responsibilities] for for the the audit audit of of the the financial financial statements statements section section of of our our report. report. We We are are independent independent of[of] the the charitable charitable company company in in accordance accordance with with the the ethical ethical requirements requirements that that are are relevant relevant to to our our audit audit of of the the financial[financial] statements statements in in the the United United Kingdom, Kingdom, including including the the Financial Financial Reporting Reporting Council's Council's Ethical Ethical Standard, Standard, and and we we have have fulfilled fulfilled our our other other ethical ethical responsibilities responsibilities in in accordance accordance with with these these requirements. requirements. We We believe believe that[that] the the audit audit evidence evidence we we have have obtained obtained is is sufficient sufficient and and appropriate appropriate to[to] provide provide a a basis basis for for our our opinion. opinion.

Conclusions Conclusions relating relating to to going going concern concern

In In auditing auditing the the financial financial statements, statements, we we have have concluded concluded that that the the Trustees' Trustees' use use of[of] the the going going concern concern basis basis of[of] accounting accounting in in the the preparation preparation of[of] the the financial[financial] statements statements is is appropriate. appropriate.

Based Based on on the the work work we we have have performed, performed, we we have have not not identified[identified] any any material[material] uncertainties[uncertainties] relating relating to[to] events[events] or[or] conditions conditions that, that, individually individually or or collectively, collectively, may may cast cast significant[significant] doubt doubt on on the the charitable charitable company's company's ability ability to[to] continue continue as as a a going going concern concern for for a a period period of[of] at[at] least[least] twelve twelve months months from from when when the the financial[financial] statements statements are are authorised authorised for for issue. issue.

Our Our responsibilities[responsibilities] and and the the responsibilities[responsibilities] of[of] the[the] Trustees Trustees with with respect[respect] to[to] going[going] concern concern are are described[described] in[in] the[the] relevant relevant sections[sections] of[of] this this report. report.

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) 6mRLrg a ES ES INDEPENDENT INDEPENDENT AUDITORS' AUDITORS' REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF REDEEMED[REDEEMED] CHRISTIAN[CHRISTIAN] CHURCH[CHURCH] OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (CONTINUED) (CONTINUED)

Other Other information information

The The other other information information comprises comprises the the information information included included in in the the Annual Annual report report other other than than the the financial financial statements statements and and our our Auditors' Auditors' report report thereon. thereon. The The Trustees Trustees are are responsible[responsible] for[for] the[the] other[other] information[information] contained[contained] within within the the Annual Annual report. report. Our Our opinion[opinion] on on the[the] financial[financial] statements[statements] does[does] not[not] cover cover the[the] other[other] information[information] and,[and,] except except to to the the extent extent otherwise otherwise explicitly explicitly stated stated in in our our report, report, we we do[do] not[not] express express any any form[form] of of assurance assurance conclusion conclusion thereon. thereon. Our Our[responsibility] responsibility is is to[to] read read the the other other information information and, and, in[in] doing doing so, so, consider consider whether whether the the other other information information is is materially materially inconsistent inconsistent with[with] the the financial[financial] statements statements or or our our knowledge knowledge obtained[obtained] in[in] the[the] course course ofapparent ofapparentthe the audit, audit, material material or or otherwise otherwise misstatements, misstatements, appears appears to to we we be be are are materially materially required required misstated. misstated. to to determine determine If If we we identify identify whether whether such such this this material material gives gives rise rise inconsistencies inconsistencies to to a a material material or or misstatement misstatement in in the the financial financial statements statements themselves. themselves. If,[If,] based based on on the the work work we we have have performed, performed, we we conclude conclude that that there there is is a a material material misstatement misstatement of of this this other other information, information, we we are are required required to[to] report report that[that] fact. fact.

We We[have] have nothing[nothing] to[to] report[report] in[in] this[this] regard.[regard.]

Opinion Opinion on on other other matters matters prescribed prescribed by by the the Companies Companies Act Act 2006[2006]

In In our our opinion, opinion, based based on on the the work work undertaken undertaken in[in] the the course course of[of] the[the] audit: audit:

° the the information information given given in in the the Trustees' Trustees' report report for for the the financial[financial] year year for for which which the the financial[financial] statements statements are are prepared prepared is is consistent consistent with with the the financial[financial] statements. statements.

° the the Trustees' Trustees’ report report has has been been prepared prepared in in accordance accordance with with applicable applicable legal legal requirements. requirements.

Matters Matters on on which which we we are are required required to[to] report[report] by by exception exception

In In the the light light[of] of our our knowledge knowledge and and understanding understanding of of the the charitable charitable company company and and its its environment environment obtained obtained in in the the course course of[of][ the] the audit,[audit,] we[we] have[have] not[not] identified[identified] material[material] misstatements[misstatements] in[in] the[the] Trustees'[Trustees'] report.[report.]

We We have[have] nothing[nothing] to[to] report[report] in[in][respect] respect of[of] the[the] following[following] matters[matters] in[in] relation[relation] to[to] which[which] Companies Companies Act[Act] 2006[2006] requires[requires] us us to[to] report report to[to] you you if,[if,][in] in our our opinion:[opinion:]

° adequate adequate accounting accounting records[records] have have not not been been kept, kept, or or returns returns adequate adequate for for our our audit audit have have not not been been received received from from branches branches not not visited visited by by us; us; or or
° the the financial[financial] statements statements are are not not in[in] agreement agreement with[with] the the accounting[accounting] records[records] and[and] returns; returns; or[or] ° certain certain disclosures disclosures of[of] Trustees' Trustees' remuneration remuneration specified specified by by law[law] are are not not made; made; or or ° we we have[have] not[not][received] received all[all] the[the] information[information] and[and] explanations[explanations] we we require[require] for[for] our[our] audit;[audit;] or[or] ° the the Trustees Trustees were were not not entitled entitled to to prepare prepare the the financial financial statements statements in in accordance accordance with with the the small small companies companies regime[regime] and[and] take[take] advantage[advantage] of[of] the[the] small[small] companies' companies' exemptions[exemptions] in[in] preparing[preparing] the[the] Trustees'[Trustees'] report report and and from from the the requirement requirement to[to] prepare prepare a a Strategic Strategic report. report.

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG')[('RCCG') ] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

cl INDEPENDENT INDEPENDENT AUDITORS' AUDITORS' REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF REDEEMED[REDEEMED] CHRISTIAN[CHRISTIAN] CHURCH[CHURCH] OF[OF] GOD GOD ('RCCG’') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (CONTINUED) (CONTINUED)

Responsibilities Responsibilities of trustees of trustees

As As explained[explained] more more fully[fully] in[in] the[the] Trustees' Trustees' responsibilities[responsibilities] statement,[statement,] the[the] Trustees Trustees (who[(who] are[are] also[also] the[the] directors[directors] of of

the the charitable charitable company company[for] for the the purposes purposes of[of] company company law)[law)] are are responsible[responsible] for[for] the[the] preparation[preparation] of[of] the[the] financial[financial] statements statements and and for for being being satisfied satisfied that that they they give give a a true[true] and and fair fair view,[view,] and[and] for[for] such[such] internal[internal] control[control] as as the[the] Trustees Trustees determine[determine] is[is] necessary necessary to[to] enable enable[the] the preparation[preparation] of[of] financial[financial] statements[statements] that[that] are[are] free[free] from[from] material[material]

misstatement, misstatement, whether whether due due to[to] fraud fraud or or error. error.

In In preparing preparing the the financial[financial] statements, statements, the the Trustees Trustees are are[responsible] responsible for[for] assessing[assessing] the the charitable charitable company's company's ability ability to[to] continue[continue] as as a a going[going] concern, concern, disclosing, disclosing, as as applicable,[applicable,] matters[matters] related[related] to[to] going[going] concern concern and[and] using[using] the[the] going going concern concern basis basis[of] of accounting accounting unless unless the the Trustees Trustees either either intend intend to[to] liquidate liquidate the the charitable charitable company company or[or] to[to] cease cease[operations,] operations, or[or][have] have[no] no realistic[realistic][alternative] alternative but[but] to[to] do[do] so.[so.]

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) Ge a ES SS INDEPENDENT INDEPENDENT AUDITORS' AUDITORS' REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH[CHURCH] OF[OF] GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (CONTINUED) (CONTINUED)

Auditors' Auditors’ responsibilities responsibilities for for the the audit audit of of the the financial financial statements statements

Our Our objectives[objectives] are are to[to] obtain[obtain] reasonable reasonable assurance assurance about[about] whether[whether] the[the][financial] financial statements[statements] as as a[a] whole[whole] are[are] free[free]

from from material material misstatement, misstatement, whether whether due due to[to] fraud fraud or or error, error, and[and] to[to] issue[issue] an an Auditors'[Auditors'] report[report] that[that] includes[includes] our our

opinion. opinion. Reasonable Reasonable assurance assurance is is a a high high level level of[of] assurance, assurance, but but is is not not a a guarantee guarantee that[that] an an audit[audit] conducted conducted in[in]

accordance accordance with[with] ISAs ISAs (UK)[(I-JK)] will will always always detect detect a a material material misstatement misstatement when when it[it] exists.[exists.] Misstatements[Misstatements] can can arise[arise]

from from fraud fraud or or error error and and are are considered considered material material if,[if,] individually[individually] or or in[in] the the aggregate,[aggregate,] they[they] could[could] reasonably reasonably be[be] expected expected to to influence influence the the economic economic decisions decisions of of users users taken taken on on the the basis basis of of these these financial financial statements. statements.

Irregularities, Irregularities, including including fraud, fraud, are are instances instances of of non-compliance non-compliance with with laws laws and and regulations. regulations. We We design design procedures procedures in in line line with with our our responsibilities, responsibilities, outlined outlined above, above, to to detect detect material material misstatements misstatements in in respect respect of of irregularities, irregularities, including including fraud. fraud. The The extent extent to to which which our our procedures procedures are are capable capable of of detecting detecting irregularities, irregularities,

including including fraud fraud is[is] detailed detailed below: below: ° We We identified[identified] areas areas of[of] laws[laws] and[and] regulations[regulations] that[that] could[could] reasonably reasonably be[be] expected[expected] to[to] have[have] a[a] material[material] effect[effect] on on the the financial[financial] statements[statements] from[from] our our sector[sector] experience experience through[through] discussion[discussion] with[with] the[the] Trustees Trustees and[and] other[other]

management management (as[(as][required] required by[by] auditing[auditing] standards). standards). ° We We had had regard[regard] to[to] laws[laws] and and regulations[regulations] in[in] areas areas that[that] directly[directly] affect[affect] the[the] financial[financial] statements[statements] including[including] financial financial reporting reporting and and taxation taxation legislation. legislation. ° We We considered[considered][the] the extent extent of[of] compliance compliance with[with] those[those] laws[laws] and[and] regulations[regulations] as as part[part] of[of] our[our] procedure[procedure] on[on] the[the] related related financial[financial] statement statement items. items. . With With the the exception exception of[of] any any known known or or possible[possible] non non compliance, compliance, and and as as required[required] by[by] auditing[auditing] standards,[standards,] our our work work in[in] respect respect of[of] these these was was limited limited to[to] enquiry[enquiry] of[of] the the Trustees.[Trustees.] . We We communicated communicated identified[identified] laws[laws] and[and] regulations[regulations] throughout[throughout] our our team[team] and[and] remained[remained] alert[alert] to[to] any any indications indications of[of] non non compliance compliance throughout throughout the the audit. audit. . We We addressed addressed the[the] risk[risk] of[of] fraud[fraud] through[through] management[management] override[override] of[of] controls,[controls,] by[by] testing[testing] the[the] appropriateness[appropriateness] of of journal journal entries entries and and other other adjustments; adjustments; assessing assessing whether whether the the judgements judgements made made in in making making accounting accounting estimates estimates are are indicative[indicative] of[of] a a potential[potential] bias; bias; and and evaluating evaluating the the business business rationale[rationale] of[of] any any significant[significant] transactions transactions that[that] are are unusual unusual or or outside outside the the normal normal course course of[of] business. business. Our Our audit audit procedures procedures were were designed designed[to] to respond respond to[to] risks risks of[of] material material misstatement misstatement in[in] the[the] financial[financial] statements,[statements,]

recognising recognising[that] that the the risk risk of[of] not not detecting detecting a a material material misstatement misstatement due due to[to] fraud fraud is is higher higher than than the the risk risk of[of] not not detecting detecting one one resulting resulting from from error, error, as as fraud fraud may may involve involve deliberate deliberate concealment concealment by, by, for for example, example, forgery, forgery,

misrepresentations misrepresentations or or through through collusion.[collusion.] There There are are inherent inherent limitations limitations in in the the audit audit procedures procedures performed performed and and the the further further removed removed non non compliance compliance with with laws laws and[and] regulations[regulations] is[is] from from the the events events and[and] transactions[transactions] reflected reflected in in the the financial[financial] statements, statements, the the less[less] likely likely we we are are to[to] become become aware aware of[of] it.[it.] A A[further] further description[description] of[of] our our responsibilities[responsibilities] for[for] the[the] audit[audit] of[of] the[the] financial[financial] statements[statements] is[is] located[located] on[on] the[the] Financial[Financial] Reporting Reporting Council's Council's website website at: at: www.frc.org.uk/auditorsresponsibilities. www.frc.org.uk/auditorsresponsibilities. This This description description forms forms part part of of our our Auditors’ Auditors' report. report.

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] ('RCCG’)[CRCCG')] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) | EE SE INDEPENDENT INDEPENDENT AUDITORS' AUDITORS' REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH[CHURCH] OF[OF] GOD GOD ('RCCG’') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (CONTINUED) (CONTINUED)

Use Use of[of] our our report report

This This report report is is made made solely solely to to the the charitable charitable company's company's members, members, as as a a body, body, in[in] accordance accordance with with Chapter Chapter 3[3] of[of] Part Part 16 16 of of the the Companies Companies Act Act 2006. 2006. Our Our audit audit work work has has been been undertaken undertaken so so that that we we might might state state to to the the charitable charitable company's company's members members[those] those matters matters we we are are required required to[to] state[state][to] to them them in[in] an an Auditors'[Auditors'] report report and[and] for[for] no no other other purpose. purpose. To To the the fullest fullest extent extent permitted permitted by by law,[law,] we we do do not not accept accept or or assume assume responsibility[responsibility] to[to] anyone anyone other[other] than than the the charitable charitable company company and and its its members, members, as as a a body, body, for for our our audit audit work, work, for for this this report, report, or or for for the the opinions[opinions] we we have[have] formed.[formed.]

Sbdeley=

Mr Mr Stephen Stephen Oladapo Oladapo Odeleye Odeleye (Senior (Senior statutory statutory auditor)[auditor)]

for for and and on on behalf behalf of[of] Stephen Stephen Michael Michael Associates[Associates] Chartered Chartered Certified Certified Accountants Accountants Statutory Statutory Auditors Auditors 201 201 Borough[Borough] High[High][Street] Street

London London SE1 SEI 1JA IJA

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Date: 26 2-00-5 a
Date: 2b Sepfeubea 20o2->
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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] (‘RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

| a er STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTIVITIES ACTIVITIES FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

ES

		Restricted funds Restricted funds	Unrestricted funds Unrestricted funds	Total funds Total funds	Total funds Total funds
		2024 2024	2024 2024	2024 2024	2023 2023
	Note Note	£	ie:	,	£
Income from: Income from:
Donations and legacies Donations and legacies	3 3	28,980 28,980	803,560 803,560	832,540 832,540	1,117,326 1,117,326
Charitable activities Charitable activities	4 4	-	64,022 64,022	64,022 64,022	70,713 70,713
Investments Investments	5 5	-	1 ,340 1,340	1 ,340 1,340	923 923
Total income Total income		28,980 28,980	868,922 868,922	897,902 897,902	1,188,962 1,188,962
Expenditure on: Expenditure on:
Charitable activities Charitable activities	6 6	33,630 33,630	969,282 969,282	1,002,912 1,002,912	1,106,697 1,106,697
Total expenditure Total expenditure		33,630 33,630	969,282 969,282	1,002,912 1,002,912	1, 106,697 1,106,697
Net movement in funds Netmovement in funds		(4,650) (4,650)	(100,360) (100,360)	(105,010) (105,010)	82,265 82,265
Reconciliation of funds: Reconciliation offunds:
Totalfunds brought forward Total funds brought forward		703,120 703,120	641 ,302 641,302	1,344,422 1,344,422	1,262,157 1,262,157
Net movement in funds Net movement in funds		(4,650) (4,650)	(100,360) (100,360)	(105,010) (105,010)	82,265 82,265
Total funds carried forward Totalfundscarriedforward		698,470 698,470	540,942 540,942	1,239,412 1,239,412	1,344,422 1,344,422

The The Statement Statement of[of] financial[financial] activities activities includes includes all[all] gains[gains] and and losses[losses] recognised recognised in in the the year. year.

The The notes notes on on pages pages 18[18] to[to] 36 36 form form part[part] of[of] these[these] financial[financial] statements.[statements.]

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

SS EE RR I ES SS eS SUMMARY SUMMARY INCOME INCOME AND AND EXPENDITURE EXPENDITURE ACCOUNT ACCOUNT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

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||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Total|Total|funds|funds|Total|Total|funds|[funds]| |2024|2024|2023|2023| |Note|Note|£|£| |Gross|Gross|income|income|in|[in]|the|the|reporting|reporting|period|period|897,902|897,902|1,188,962|1,188,962| |Less:|Less:|Total|Total|expenditure|expenditure|(1,002,912)|(1,106,697)|(1,106,697)| |Net|Net|expenditure/(income)|expenditure/(income)|for|for the|the|reporting|reporting|period|period|(105,010)|(105,010)|82,265|82,265|

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The The notes[notes] on on pages pages 18[18] to[to] 36[36] form[form] part[part] of[of] these these financial[financial] statements.[statements.]

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG')[CRCCG')] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) REGISTERED REGISTERED NUMBER: NUMBER: 08434543 08434543

	BALANCE BALANCE	SHEET SHEET
	AS AT 31 DECEMBER 2024 AS AT 31 DECEMBER 2024
			2024 2024		2023 2023
	Note Note		£		£
Fixed assets Fixed assets
Tangible assets Tangible assets	11 11		960,697 960,697		1,048,559 1,048,559
			960,697 960,697		1,048,559 1,048,559
Current assets Current assets
Debtors Debtors	12 12	211,681 211,681		218,073 218,073
Cash at bank and in hand Cash at bank and in hand		99,372 99,372		127,487 127,487
		311,053 311,053		345,560 345,560
Current liabilities Current liabilities
Creditors: amounts falling due within one Creditors: amounts falling due within one
year year	13 13	(32,338) (32,338)		(49, 697) (49,697)
Net current assets Net current assets			278,715 278,715		295,863 295,863
Total assets less current liabilities Total assets less current liabilities			1,239,412 1,239,412		1,344,422 1,344,422
Net assets excluding pension asset Net assets excluding pension asset			1,239,412 1,239,412		1,344,422 1,344,422
Total net assets Total net assets			1,239,412 1,239,412		1,344,422 1,344,422
Charity funds Charityfunds
Restricted funds Restricted funds	15 15		698,470 698,470		703, 120 703,120
Unrestricted funds Unrestricted funds	15 15		540,942 540,942		641,302 641,302
Total funds Totalfunds			1,239,412 1,239,412		1,344,422 1,344,422

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) REGISTERED REGISTERED NUMBER: NUMBER: 08434543[08434543]

BALANCE BALANCE SHEET[SHEET] (CONTINUED)[(CONTINUED)] AS AS AT AT 31[31] DECEMBER DECEMBER 2024[2024]

The The Trustees Trustees acknowledge acknowledge their their responsibilities[responsibilities] for[for] complying[complying] with[with] the the requirements[requirements] of of the the Act Act with with respect respect to[to] accounting accounting records records and and preparation preparation of[of] financial[financial] statements. statements.

The The financial[financial] statements statements have have been been prepared prepared in[in] accordance accordance with[with] the the provisions[provisions] applicable applicable to[to] entities[entities] subject[subject] to[to] the the small small companies companies regime. regime.

The The financial[financial] statements statements were were approved approved and and authorised[authorised] for for issue issue by by the the Trustees Trustees and[and] signed signed on on their their behalf[behalf] by:[by:]

Mr Mr Olabowale Olabowale Odusote Odusote Trustee Trustee Date: Date: {& 1 | oY[0] | 1 ye The The notes notes on on pages pages 18[18] to[to] 36 36 form form part[part] of[of] these these financial[financial] statements. statements.

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

| ne a

STATEMENT STATEMENT OF OF CASH CASH FLOWS FLOWS FOR FOR THE THE YEAR[YEAR] ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

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2024 2024 2023 2023
£ £
Cash Cash flows flows from from operating operating activities activities
Net Net cash cash used used in [in] operating operating activities activities (57,008) (57,008) 109,330 109,330
Cash Cash flows flows from from investing investing activities activities
Dividends, Dividends, interests [interests] and and rents [rents] from from investments investments 35,090 35,090 15,223 15,223
Purchase Purchase [of] of tangible tangible fixed fixed assets [assets] (6,197) (6,197) (528,762) (528, 762)
Net Net cash cash provided provided by/(used by/(used in) in) investing investing activities activities 28,893 28,893 (513,539) (513,539)
Cash Cash flows flows from from financing financing activities activities
Net Net cash cash provided provided by by financing financing activities activities - -
Change Change [in] in cash cash and and cash cash equivalents equivalents in [in] the the year year (28,115) (28,115) (404,209) (404,209)
Cash Cash and and cash cash equivalents equivalents at at the the beginning beginning of of the the year year 127,487 127,487 531,696 531,696
Cash Cash and and cash cash equivalents equivalents at [at] the the end end of [of] the the year year 99,372 99,372 127,487 127,487
The The notes notes on on pages pages [18] 18 to [to] 36 [36] form form part [part] of [of] these these financial [financial] statements [statements]
----- End of picture text -----

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL : (A (A company company limited limited by by guarantee) guarantee)

SIRI EE SES ES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

General General information information

The The charitable[charitable] company company is[is] a a private[private] company company limited[limited] by[by] guarantee,[guarantee,] incorporated incorporated in in England England on on 18 18 February February[2013.] 2013.

The The address address of[of] its[its] registered[registered] office[office] is:[is:] The The Brook Brook Abbey Abbey Road[Road] Stratford Stratford E15 E15 2QT. 2QT.

Accounting Accounting[policies] policies

2.1 2.1 Basis Basis of[of] preparation preparation of[of] financial financial statements statements

The The financial[financial] statements statements have have been been prepared prepared in in accordance accordance with with the the Charities Charities SORP SORP (FRS (FRS 102) 102) - - Accounting Accounting[and] and Reporting[Reporting] by[by] Charities:[Charities:] Statement[Statement] of[of] Recommended Recommended Practice Practice applicable applicable to[to] charities[charities] preparing preparing their their accounts accounts in in accordance accordance with[with] the the Financial Financial Reporting Reporting Standard Standard applicable applicable in in the the UK UK

and and Republic Republic of[of] Ireland Ireland (FRS (FRS 102)[102)] (effective (effective 1 1 January January 2019), 2019), the the Financial Financial Reporting Reporting Standard Standard applicable applicable[in] in the[the] UK[UK] and[and] Republic Republic of[of] Ireland[Ireland] (FRS[(FRS] 102)[102)] and[and] the[the] Companies Companies Act Act 2006.[2006.]

Redeemed Redeemed Christian[Christian][Church] Church[of] of[God] God ('RCCG')[('RCCG')] Trinity[Trinity] Chapel[Chapel] meets[meets] the[the] definition[definition] of[of] a a public[public] benefit[benefit] entity entity under under FRS FRS 102.[102.] Assets Assets and and liabilities[liabilities] are are initially[initially] recognised[recognised] at at historical historical cost cost or or transaction transaction value value unless unless otherwise otherwise stated stated in in the the relevant relevant accounting accounting policy. policy.

2.2 2.2 Going Going concern concern

The The financial[financial] statements statements have have been been prepared prepared on on a a going[going] concern concern basis basis as as the the trustees trustees believe[believe] that[that] no no material[material] uncertainties uncertainties exist. exist. The The trustees trustees have have considered considered the the cashflow cashflow forecast forecast and and the the

projected projected income income and and expenditure expenditure for for 12[12] months months from from authorising authorising these[these] financial[financial] statements. statements. The The level level of[of] free[free] reserves reserves and and funds funds held held is is sufficient sufficient for for the the charity charity to[to] be[be] able[able] to[to] continue[continue] as as a a going[going] concern. concern.

2.3 2.3 Income Income

All All income income is is recognised recognised once once the the Charitable Charitable Company Company has has entitlement entitlement to[to] the the income, income, it[it] is is probable[probable] that that the the income income will will be be received received and and the the amount amount of of income income receivable receivable can can be be measured measured reliably. reliably.

Grants Grants are are included[included][in] in the[the] Statement[Statement] of[of] financial[financial] activities[activities] on on a[a] receivable receivable basis.[basis.] The[The] balance balance of[of] income income received[received] for for specific specific purposes purposes but but not not expended expended during during the the period period is is shown shown in[in] the the relevant[relevant] funds funds on on[the] the Balance Balance sheet.[sheet.] Where Where income[income] is[is] received[received] in[in] advance[advance] of of entitlement entitlement of of receipt, receipt, its its recognition recognition is is deferred deferred and and included included in in creditors creditors as as deferred[deferred] income.[income.] Where Where entitlement[entitlement] occurs occurs before before income income is is received, received, the the income income is is accrued. accrued. Income Income tax tax recoverable recoverable in in relation relation to to donations donations received received under under Gift Gift Aid Aid or or deeds deeds of[of] covenant covenant is is recognised recognised at at the the time time of of the the donation. donation. Income Income tax tax recoverable recoverable in[in] relation relation to[to] investment investment income income is is recognised recognised at[at] the the time[time] the the investment investment income income is is receivable. receivable.

Page Page 18[18]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

|p er a

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

1. Accounting Accounting policies[policies] (continued) (continued)

2.4 2.4 Expenditure Expenditure

Expenditure Expenditure is is recognised recognised once once there there is is a a legal legal or or constructive constructive obligation obligation to to transfer transfer economic economic benefit benefit to to a a third[third] party, party, it it is is probable probable that that a a transfer[transfer] of of economic economic benefits benefits will will be[be] required required in in settlement settlement and and the the amount amount of[of] the the obligation obligation can can be be measured measured reliably. reliably. Expenditure[Expenditure] is is classified[classified] by by activity. activity. The The costs costs of of each each activity activity are are made made up up of of the the total total of of direct direct costs costs and and shared shared costs, costs, including including support support costs costs involved involved in in undertaking undertaking each each activity. activity. Direct Direct costs costs attributable attributable to to a a single single activity activity are are allocated allocated directly directly to[to] that[that] activity. activity. Shared Shared costs costs which which contribute[contribute] to[to] more more than[than] one one activity[activity] and and support[support] costs costs which which are are not not attributable[attributable] to to a a single single activity activity are are apportioned apportioned between between those those activities activities on on a a basis basis consistent[consistent] with[with] the the use use of[of] resources. resources. Central Central staff[staff] costs costs are are allocated[allocated] on on the[the] basis basis[of] of time[time] spent, spent, and and depreciation depreciation charges charges allocated allocated on on the the portion portion of[of] the[the] asset's asset's use. use. Expenditure Expenditure on on charitable[charitable] activities[activities] is[is] incurred[incurred] on[on] directly[directly] undertaking[undertaking] the[the] activities[activities] which[which] further[further] the[the] Charitable Charitable Company's Company's objectives,[objectives,] as as well[well] as as any any associated[associated] support[support] costs.[costs.]

All All expenditure expenditure is is[inclusive] inclusive of[of] irrecoverable irrecoverable VAT. VAT.

2.5 2.5 Government Government grants grants

Government Government grants[grants][relating] relating to[to][tangible] tangible fixed[fixed] assets[assets] are are treated[treated] as as deferred[deferred] income[income] and[and] released[released] to[to] the the Statement Statement of of financial financial activities activities upon upon the[the] completion completion of of the the relevant relevant performance-related performance-related conditions. conditions. Other Other grants grants[that] that are are not not subject subject to to performance-related performance-related conditions conditions are are credited credited to to the the Statement Statement of of financial financial activities activities as as the the grant grant proceeds proceeds are are received. received. Grants Grants received received prior prior to to the the revenue revenue recognition[recognition] criteria[criteria] being[being] satisfied[satisfied] are[are] recognised[recognised] as as a[a] liability.[liability.]

2.6 2.6 Interest Interest receivable receivable

Interest Interest on on funds funds held held on on deposit deposit is is included included when when receivable receivable and and the the amount amount can can be be measured measured reliably reliably by by the the Charitable Charitable Company; Company; this this is is normally[normally] upon upon notification notification of[of] the the interest[interest] paid paid or or payable[payable] by by the the institution institution with[with] whom whom the the funds[funds] are are deposited.[deposited.]

2.7 2.7 Foreign Foreign currencies currencies

Monetary Monetary assets[assets] and and liabilities liabilities denominated denominated in[in] foreign foreign currencies[currencies] are are translated[translated] into[into] sterling[sterling] at[at] rates[rates] of of exchange exchange ruling ruling at[at] the the reporting reporting date. date.

Transactions Transactions in in foreign foreign currencies currencies are are translated translated into into sterling sterling at at the the rate rate ruling ruling on on the the date date of[of] the the transaction. transaction.

Exchange Exchange gains[gains] and[and] losses[losses] are are recognised[recognised] in[in] the[the] Statement[Statement] of[of] financial[financial] activities.[activities.]

2.8 2.8 Tangible Tangible fixed fixed assets assets and and depreciation depreciation

Tangible Tangible[fixed] fixed[assets] assets costing[costing][E500] £500 or or more more are are capitalised[capitalised] and[and] recognised[recognised] when[when] future[future] economic[economic] benefits benefits are are probable[probable] and and the the cost cost or or value[value] of[of] the the asset[asset] can can be[be] measured measured reliably. reliably.

Tangible Tangible fixed fixed assets assets are are[initially] initially recognised[recognised] at at cost. cost. After After recognition, recognition, under under the the cost cost model, model, tangible tangible fixed fixed assets assets are are measured measured at at cost cost less less accumulated accumulated depreciation depreciation and and any any accumulated accumulated impairment impairment losses. losses. All All costs costs incurred incurred to to bring bring a a tangible tangible fixed fixed asset asset into into its its intended intended working working condition condition should should be be included included[in] in the the measurement measurement of[of] cost. cost.

Page Page 19[19]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

aT

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Accounting Accounting policies[policies] (continued) (continued)

2.8 2.8 Tangible Tangible fixed fixed assets assets and and depreciation depreciation (continued) (continued) Depreciation Depreciation is is charged charged so so as as to[to] allocate allocate the the cost cost of[of] tangible tangible fixed[fixed] assets assets less[less] their their residual residual value value over over their[their] estimated[estimated] useful[useful] lives,[lives,] using[using] the[the] straight-line[straight-line] method.[method.]

Depreciation Depreciation is is provided provided on on the the following following basis: basis:

Short-term Short-term leasehold leasehold property property - 4% 4% straight straight line line Music Music Equip Equip & & Church Church Furniture Furniture - - 33% 33% straight straight line line Fixtures Fixtures and and fittings fittings - 13% 13% straight straight line line Media Media equipment equipment - 33% 33% straight straight line line Computer Computer equipment[equipment] - 33% 33% straight straight line line

2.9 2.9 Debtors Debtors

Trade Trade and and other other debtors[debtors] are are recognised recognised at[at] the[the] settlement[settlement] amount amount after after any any trade[trade] discount[discount] offered.[offered.] Prepayments Prepayments are are valued valued at[at] the the amount amount prepaid prepaid net net of[of] any any trade[trade] discounts[discounts] due.[due.]

2.10 2.10 Cash Cash at[at] bank bank and and in in hand hand

Cash Cash at at bank bank and and in in hand hand includes includes cash cash and and short-term short-term highly highly liquid liquid investments investments with with a a short short maturity maturity of[of] three three months months or or less[less] from from the the date[date] of[of] acquisition acquisition or or opening opening of of the the deposit deposit or or similar similar account. account.

2.11 2.11[Liabilities] Liabilities and and provisions provisions

Liabilities Liabilities are are recognised recognised when when there there is[is] an an obligation obligation at[at] the the Balance Balance sheet[sheet] date date as as a a result[result] of[of] a a past[past] event, event, it it is is probable probable that that a a transfer transfer of of economic economic benefit benefit will[will] be be required required in in settlement, settlement, and and the the amount amount of[of] the the settlement[settlement] can can be[be] estimated[estimated] reliably. reliably. Liabilities Liabilities are are recognised recognised at[at] the the amount amount that[that] the the Charitable Charitable Company Company anticipates anticipates it[it] will will pay pay to[to] settle settle the the debt[debt] or or the the amount amount it it has has received received as as advanced advanced payments payments for for the the goods goods or or services services it it must must provide. provide. Provisions Provisions are are measured[measured] at[at] the[the] best[best] estimate[estimate] of[of] the[the] amounts[amounts] required[required] to[to] settle[settle] the[the] obligation.[obligation.] Where[Where] the the effect[effect] of[of] the the time time value value of[of] money money is is material,[material,] the the provision provision is is based based on on the the present[present] value[value] of[of] those[those] amounts, amounts, discounted[discounted] at at the the pre-tax pre-tax discount discount rate rate that that reflects reflects the the risks risks specific specific to to the the liability. liability. The The unwinding unwinding of[of] the the discount discount is is recognised recognised in[in] the the Statement Statement of[of] financial[financial] activities activities as as a a finance[finance] cost.[cost.]

2.12 2.12 Financial Financial instruments instruments

The The Charitable Charitable Company Company only only has has financial[financial] assets assets and and financial[financial] liabilities liabilities of[of] a a kind kind that[that] qualify[qualify] as as basic basic financial[financial] instruments. instruments. Basic[Basic] financial[financial] instruments[instruments] are are initially initially recognised recognised at at transaction transaction value value and and subsequently subsequently measured measured at at their their settlement settlement value value with with the the exception exception of of bank bank loans loans which which are are subsequently measured subsequently measured at[at] amortised[amortised] cost[cost] using[using] the[the] effective[effective] interest[interest] method.[method.]

2.13 2.13 Operating Operating leases leases

Rentals Rentals paid paid under under operating operating leases[leases] are are charged[charged] to to the the Statement Statement of of financial financial activities activities on on a a straight-line straight-line basis basis over over the the lease[lease] term. term.

Page Page 20[20]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

(SR BS RS ELE EE ES ES LE ESS Ee SEES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

2: 2. Accounting Accounting policies[policies] (continued) (continued)

2.14 2.14 Pensions Pensions

The The Charitable Charitable Company Company operates operates a a defined[defined] contribution contribution pension pension scheme scheme and and the the pension pension charge charge represents represents the the amounts amounts payable payable by by the the Charitable Charitable Company Company to[to] the the fund[fund] in[in] respect respect of[of] the the year. year.

2.15 2.15 Fund Fund accounting accounting

General General funds funds are are unrestricted unrestricted funds funds which which are are available available for[for] use use at[at] the the discretion[discretion] of[of] the the Trustees Trustees in[in] furtherance furtherance of of the the general general objectives objectives of of the the Charitable Charitable Company Company and and which which have have not not been been designated designated for for other other purposes. purposes.

Restricted Restricted funds[funds] are are funds[funds] which which are are to[to] be[be] used used in[in] accordance accordance with with specific specific restrictions restrictions imposed imposed by[by]

donors donors or or which which have have been been raised raised by by the the Charitable Charitable Company Company for for particular[particular] purposes. purposes. The The costs costs of[of]

raising raising and and administering administering such such funds funds are are charged charged against against the the specific specific fund. fund. The The aim aim and and use use of[of] each each restricted restricted fund fund is is set set out out in[in] the the notes notes to[to] the the financial[financial] statements. statements.

Investment Investment income, income, gains gains and and losses losses are are allocated allocated[to] to the the appropriate[appropriate] fund. fund.

Page Page 21[21]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) SSI8 NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Incomefrom donations and legacies Income from donations and legacies
	Restricted Restricted	Unrestricted Unrestricted	Total Total
	funds funds	funds funds	funds funds
	2024 2024	2024 2024	2024 2024
	£	£	£
Donations Donations	28,980 28,980	803,560 803,560	832,540 832,540
	Restricted Restricted	Unrestricted Unrestricted	Total Total
	funds funds	funds funds	funds funds
	2023 2023	2023 2023	2023 2023
	£	£	£
Donations Donations	142,020 142,020	896,587 896,587	1,038,607 1,038,607
Government grants Government grants	78,719 78,719	-	78,719 78,719
	220,739 220,739	896,587 896,587	1,117,326 1,117,326

The The Government Government grant grant is is the the refund[refund] of[of] VAT VAT on on renovation renovation and and refit refit on on the the leasehold[leasehold] property property through[through] the the Listed Listed Place Place of[of] Worship Worship scheme. scheme.

1. Income Income from from charitable charitable activities activities

		Unrestricted Unrestricted	Total Total
		funds funds	funds funds
		2024 2024	2024 2024
		£	£
Events and conference fees Events and conference fees		16,464 16,464	16,464 16,464
Sale Sale	- cafe & misc - cafe & misc	8,408 8,408	8,408 8,408
Hall Hall	hire hire	39,150 39,150	39,150 39,150
		64,022 64,022	64,022 64,022

Page Page 22 22

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

4, Income Income from from charitable charitable activities activities (continued) (continued)

==> picture [445 x 113] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted|Total|Total| |funds|funds|funds|funds| |2023|2023|2023|2023| |£|£| |Events|Events|and|and|conference|conference|fees|[fees]|§1,613|51,613|51,613|51,613| |Hall|Hall|hire|hire|19,100|19,100|19,100|19,100| |70,713|70,713|70;|70,713|713|

----- End of picture text -----

Investment Investment income income

==> picture [472 x 246] intentionally omitted <==

----- Start of picture text -----
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Unrestricted|Unrestricted|Total|Total| |funds|funds|funds|funds| |2024|2024|2024|2024| |£|£| |Local|Local|cash|cash|1,340|1|,340|1,340|1,340| |Unrestricted|Unrestricted|Total|Total| |funds|funds|funds|funds| |2023|2023|2023|2023| |ra|£| |Local|Local|cash|cash|923|923|923|923| |6.|6.|Analysis|Analysis|of|[of]|expenditure|expenditure|on|on|charitable|charitable|activities|activities| |Summary|Summary|by|[by]|fund|[fund]|type|type|

----- End of picture text -----

==> picture [444 x 68] intentionally omitted <==

----- Start of picture text -----
|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Restricted|Restricted|Unrestricted|Unrestricted| |funds|funds|funds|funds|Total|Total| |2024|2024|2024|2024|2024|2024| |£|£|£| |Advancement|Advancement|of|[of]|[Christian]|Christian|Faith|[Faith]|Worldwide|[Worldwide]|33,630|33,630|969,282|969,282|1,002,912|

----- End of picture text -----

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD (‘'RCCG') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

| a

RE SS NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

1. Analysis Analysis of[of] expenditure expenditure on on charitable[charitable] activities activities (continued) (continued) Summary Summary by by fund fund type type (continued) (continued)

					Restricted Restricted	Unrestricted Unrestricted
					funds funds	funds funds	Total Total
					2023 2023	2023 2023	2023 2023
					£	£	£
Advancement Advancement	of of	Christian Christian	Faith Faith	Worldwide Worldwide	115,343 115,343	991,354 991,354	1,106,697 1,106,697

y 7. Analysis Analysis of[of] expenditure expenditure by[by] activities activities

					Activities Activities
					undertaken undertaken	Support Support	Total Total
					directly directly	costs costs	funds funds
					2024 2024	2024 2024	2024 2024
					E	£	£
Advancement Advancement	of of	Christian Christian	Faith Faith	Worldwide Worldwide	291,112 291,112	711,800 711,800	1,002,912

					Activities Activities
					undettaken directly 2023 undertaken directly 2023	Support costs 2023 Support costs 2023	Total funds 2023 Total funds 2023
					£	£	£
Advancement Advancement	of of	Christian Christian	Faith Faith	Worldwide Worldwide	275,179 275,179	831,518 831,518	1, 106,697 1,106,697

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR[YEAR] ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

7. Ts Analysis Analysis of of expenditure expenditure by by activities activities (continued) (continued) Analysis Analysis of of direct direct costs costs

		Advanceme Advanceme
		nt of nt of
		Christian Christian
		Faith Faith	Total Total
		Worldwide Worldwide	funds funds
		2024 2024	2024 2024
		£	£
Staff costs Staff costs		150,672 150,672	150,672 150,672
Missionary& Charitable Donations Missionary & Charitable Donations	- UK - UK	22,597 22,597	22,597 22,597
Visiting speakers expenses Visiting speakers expenses		15,462 15,462	15,462 15,462
Conferences and Events Conferences and Events		97,325 97,325	97,325 97,325
Welfare Welfare		5,056 5,056	5,056 5,056
		291,112 291,112	291,112 291,112
		Advancemen Advancemen
		t ofChristian t ofChristian
		Faith Worldwide Faith Worldwide	Total funds Total funds
		2023 2023	2023 2023
		£	£
Staff costs Staff costs		138,651 138,651	138,651 138,651
Missionary& Charitable Donations Missionary & Charitable Donations	- UK - UK	20,600 20,600	20,600 20,600
Visiting speakers expenses Visiting speakers expenses		4,958 4,958	4,958 4,958
Conferences and Events Conferences and Events		102,920 102,920	102,920 102,920
Welfare Welfare		8,050 8,050	8,050 8,050
		275,179 275,179	275,179 275,179

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] (‘'RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

ens—0—r Ty! =.

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

iP 7. Analysis Analysis of of expenditure expenditure by[by] activities activities (continued) (continued) Analysis Analysis of[of] support support costs costs

	Advanceme Advanceme
	nt of nt of
	Christian Christian
	Faith Worldwide Faith Worldwide	Total funds Total funds
	2024 2024	2024 2024
	£	£
Staff costs Staff costs	135,711 135,711	135,711 135,711
Depreciation Depreciation	94,058 94,058	94,058 94,058
Ventures - Cafe Ventures - Cafe	9,131 9,131	9,131 9,131
Premises costs Premises costs	350,399 350,399	350,399 350,399
Communication costs Communication costs	8,705 8,705	8,705 8,705
Multimedia & IT expenses Multimedia & IT expenses	40,536 40,536	40,536 40,536
Gifts to parishioners and others Gifts to parishioners and others	1,709 1,709	1,709 1,709
Sundry church expenses Sundry church expenses	16,679 16,679	16,679 16,679
Consultancy Consultancy	21 ,867 21,867	21,867 21,867
Refreshments Refreshments	4,405 4,405	4,405 4,405
Travelling expenses Travelling expenses	7,327 F327	7,327 7,327
Printing, postage and stationery Printing, postage and stationery	833 833	833 833
Insurance Insurance	1 ,954 1,954	1,954 1,954
Bank charges Bank charges	10,544 10,544	10,544 10,544
Forex (gain) / loss Forex (gain) / loss	341 341	341 341
Staff training resources Staff training resources	117 WA	117 117
Governance costs Governance costs	7,484 7,484	7,484 7,484
	711,800 711,800	711,800 711,800

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REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD (‘RCCG') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

if 7. Analysis Analysis of[of] expenditure expenditure by[by] activities activities (continued) (continued)

Analysis Analysis of of support support costs costs (continued) (continued)

	Analysis ofsupport costs (continued) Analysis ofsupport costs (continued)
		Advancemen Advancemen
		t ofChristian t ofChristian
		Faith Worldwide 2023 Faith Worldwide 2023	Total funds 2023 Total funds 2023
		£	£
	Staff costs Staff costs	131,181 131,181	131,181 131,181
	Depreciation Depreciation	84,234 84,234	84,234 84,234
	Premises costs Premises costs	302,430 302,430	302,430 302,430
	Communication costs Communication costs	4,275 4,275	4,275 4,275
	Multimedia & IT expenses Multimedia & IT expenses	82,711 82,711	82,711 82,711
	Gifts to parishioners and others Gifts to parishioners and others	1,970 1,970	1,970 1,970
	Sundry church expenses Sundry church expenses	42,330 42,330	42,330 42,330
	Consultancy Consultancy	53,425 53,425	53,425 53,425
	Refreshments Refreshments	11,540 11,540	11,540 11,540
	Travelling expenses Travelling expenses	9,517 9,517	9,517 9,517
	Hire of vehicles and equipment Hire of vehicles and equipment	885 885	885 885
	Printing, postage and stationery Printing, postage and stationery	4,589 4,589	4,589 4,589
	Advertising and publications Advertising and publications	3,952 3,952	3,952 3,952
	Insurance Insurance	1,563 1,563	1,563 1,563
	Bank charges Bank charges	8,877 8,877	8,877 8,877
	Forex (gain) / loss Forex (gain) / loss	(4) (4)	(4) (4)
	Staff training resources Staff training resources	20 20	20 20
	VATon construction VAT on construction	81,019 81,019	81,019 81,019
	Governance costs Governance costs	7,004 7,004	7,004 7,004
		831,518 831,518	831,518 831,518
8. 8.	Auditors' remuneration Auditors’ remuneration
		2024 2024	2023 2023
		£	3
	Fees payable to the Charitable Company's auditor for the audit of the Fees payable to the Charitable Company's auditor for the audit of the
	Charitable Company's annual accounts Charitable Company's annual accounts	5,280 5,280	4,800 4,800
	Fees payable to the Charitable Company's auditor in respect of: Fees payable to the Charitable Company's auditor in respect of:
	All non-audit services not included above Allnon-auditservicesnotincludedabove	2,204 2,204	2,204 2,204

Page Page 27[27]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] (‘'RCCG') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

QERD

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

9. 9. Staff Staff costs costs

	2024 2024	2023 2023
	£	i
Wages and salaries Wages and salaries	262,735 262,735	247,490 247,490
Social security costs Social security costs	18,432 18,432	18,799 18,799
Contribution to defined contribution pension schemes Contribution to defined contribution pension schemes	5,216 5,216	3,543 3,543
	286,383 286,383	269,832 269,832

The The average average number number of[of] persons persons employed employed by by the the Charitable Charitable Company Company during during the the year year was was as as follows:[follows:]

		2024 2024	2023 2023
		No. No.	No. No.
Pastors Pastors		2 2	2 2
Church Church	Administration Administration	4 4	4 4
		6 6	6 6

The The number number of[of] employees employees whose whose employee employee benefits benefits (excluding (excluding employer employer pension pension costs) costs) exceeded exceeded £60,000 €60,000 was: was:

In In the the band band 80,001 £80,001 - - £90,000 E90,OOO

2024 2024	2023 2023
No. No.	No, No.
1 1	1 if

1. Trustees’ Trustees' remuneration remuneration and and expenses expenses

During During the the year, year, no no Trustees Trustees received[received] any any remuneration remuneration or or other other benefits benefits (2023 (2023 - - £NIL). ENIL). During During the the year year ended ended 31[31] December December 2024, 2024, no no Trustee Trustee expenses expenses have have been been incurred incurred (2023 (2023 - - £NIL). ENIL).

Page Page 28[28]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

|ESEE NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

11. 11. Tangible Tangible fixed fixed assets assets

		Short-term Short-term
		leasehold leasehold	Otherfixed Other fixed
		property property	assets assets	Total Total
		£	£	£
	Cost or valuation Cost or valuation
	At 1 January 2024 At 1 January 2024	957,140 957,140	615,212 615,212	1,572,352 1,572,352
	Additions Additions	-	6,197 6,197	6,197 6,197
	At 31 December 2024 At 31 December 2024	957,140 957,140	621 ,409 621,409	1,578,549 1,578,549
	Depreciation Depreciation
	At 1 January 2024 At 1 January 2024	31 ,904 31,904	491,889 491,889	523,793 523,793
	Charge for the year Charge forthe year	38,286 38,286	55,773 55,773	94,059 94,059
	At 31 December 2024 At 31 December 2024	70,190 70,190	547,662 547,662	617,852 617,852
	Net book value Net book value
	At 31 December 2024 At 31 December 2024	886,950 886,950	73,747 73,747	960,697 960,697
	At 31 December 2023 At31 December 2023	925,236 925,236	123,323 123,323	1,048,559 1,048,559
12. 12.	Debtors Debtors
			2024 2024	2023 2023
			£	z
	Due after more than one year Due after more than one year
	Other debtors Other debtors		130,000 130,000	130,ooo 130,000
			130,000 130,000	130,000 130,000
	Due within one year Due within one year
	Trade debtors Trade debtors		-	16,651 16,651
	Other debtors Other debtors		-	1,000 1,000
	Prepayments and accrued income Prepayments and accrued income		70,089 70,089	55,574 55,574
	Tax recoverable Tax recoverable		11,592 11,592	14,848 14,848
			211,681 211,681	218,073 218,073

Page Page 29[29]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG')[('RCCG')] TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

(eSEE ES SS

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Creditors: Creditors: Amounts Amounts falling falling due due within within one one year year

	2024 2024	2023 2023
	e	£
Trade creditors Trade creditors	10,503 10,503	20,179 20,179
Other taxation and social security Othertaxation and social security	11,369 11,369	10,925 10,925
Pension fund loan payable Pension fund loan payable	2,462 2,462	2,452 2,452
Other creditors Other creditors	-	500 500
Accruals and deferred income Accruals and deferred income	8,004 8,004	15,641 15,641
	32,338 32,338	49,697 49,697

14. 14. Financial Financial instruments instruments

		2024 2024	2023 2023
		£	£
Financial Financial	assets assets
Financial Financial	assets measured at fair value through income and expenditure assetsmeasuredatfairvaluethroughincomeandexpenditure	99,372 99,372	127,487 127,487

Financial Financial assets assets measured measured at at fair fair value value through through income income and and expenditure expenditure comprise comprise Cash Cash at at bank bank and and in in hand. hand.

Page Page 30[30]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

| er 2 a nr

ER RS NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR[YEAR] ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Statement Statement of[of] funds funds

Statement Statement of[of] funds funds - current current year year

==> picture [442 x 242] intentionally omitted <==

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Balance|Balance|at|[at]| |Balance|Balance|at|[at]|1|[1]|31|31| |January|January|December|December| |2024|2024|Income|Income|Expenditure|Expenditure|2024|2024| |£|£|£|£| |Unrestricted|Unrestricted|funds|funds| |General|General|Funds|Funds|641,302|641|[,302]|868,922|868,922|(969,282)|(969,282)|540,942|540,942| |Restricted|Restricted|funds|funds| |Brook|Brook|Building|Building|Leasehold|Leasehold|685,780|685,780|-|(28,574)|(28,574)|657,206|657,206| |Welfare|Welfare|17,340|17,340|6,305|6,305|(5,056)|(5,056)|18,589|18,589| |Building|Building|Fund|Fund|-|22,675|22,675|-|22,675|22,675| |703,120|703,120|28,980|28,980|(33,630)|(33,630)|698,470|698,470| |Total|Total|of|of|funds|funds|1,344,422|1,344,422|897,902|897,902|(1,002,912)|1,239,412|

----- End of picture text -----

The The Brook Brook Building Building Leasehold Leasehold fund[fund] was was used[used] as as part-payment part-payment for[for] the the renovation[renovation] of[of] the[the] new new church church premises premises purchased[purchased] as as a[a] short[short] leasehold[leasehold] and[and] represents[represents] future[future] depreciation[depreciation] (£28,574[(E28,574] per[per] year[year] - - 4% 4% of of original original cost cost covered covered by by the the fund). fund).

Welfare Welfare fund[fund] relates[relates] to[to] donations[donations] received[received] towards[towards] supporting[supporting] general[general] welfare[welfare] needs. needs.

Building Building fund fund relates relates to[to] donations[donations] received[received] towards towards supporting[supporting] general[general] maintainance maintainance of[of] the the church.[church.] The The charitable charitable company company has has enough enough funds[funds] in[in] the the bank bank to[to] support[support] the the Welfare Welfare fund. fund.

Page Page 31[31]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

(ohee eo oe

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Statement Statement of[of] funds funds (continued) (continued) - Statement Statement of[of] funds funds - prior prior year year

==> picture [441 x 268] intentionally omitted <==

----- Start of picture text -----
|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Balance|Balance|at|[at]| |Balance|Balance|at|[at]|31|31| |7|1|January|January|December|December| |2023|2023|Income|Income|Expenditure|Expenditure|2023|2023| |FS|E|£|£| |Unrestricted|Unrestricted|funds|funds| |General|General|Funds|Funds|664,433|664,433|963,423|963,423|(986,554)|(986,554)|641,302|641,302| |Restricted|Restricted|funds|funds| |Brook|Brook|Building|Building|Leasehold|Leasehold|586,026|586,026|128,328|128,328|(28,574)|(28,574)|685,780|685, 780| |Welfare|Welfare|11,698|11,698|13,692|13,692|(8,050)|(8,050)|17,340|17,340| |VAT|VAT|on|on|construction|[construction]|-|78,719|78,719|(78,719)|(78,719)|-| |597,724|597, 724|220,739|220, 739|(115,343)|(115,343)|703,120|703, 120| |Total|Total|of|of|funds|funds|1,262,|1,262,157|157|1,184,162|1,184,162|(1,101,897)|(1, 101,897)|1,344,422|1,344,422|

----- End of picture text -----

Page Page 32[32]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

AS SR RL ES RE SE ET ES EE EE NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Summary Summary of[of] funds funds - Summary Summary of[of] funds funds - current current year year

				Balance at Balance at
	Balance at 1 Balance at 1			31 31
	January 2024 January 2024	Income Income	Expenditure Expenditure	December 2024 December 2024
	£	£	£	£
General funds General funds	641,302 641,302	868,922 868,922	(969,282) (969,282)	540,942 540,942
Restricted funds Restricted funds	703,120 703,120	28,980 28,980	(33,630) (33,630)	698,470 698,470
	1,344,422	897,902 897,902	(1,002,912)	1,239,412 1,239,412
Summary of funds - prior year Summary offunds- prior year
				Balance at Balance at
	Balance at Balance at			31 31
	1 January 1 January			December December
	2023 2023	Income Income	Expenditure Expenditure	2023 2023
	£	£	£	£
General funds General funds	664,433 664,433	963,423 963,423	(986,554) (986,554)	641,302 641,302
Restricted funds Restricted funds	597,724 597,724	220,739 220,739	(115,343) (115,343)	703,120 703,120
	1,262,157 1,262,157	1,184,162 1,184,162	(1,101,897) (1,101,897)	1,344,422 1,344,422

Page Page 33[33]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD (‘RCCG’) ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

RR ES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Analysis Analysis of of net net assets assets between between funds funds

Analysis Analysis of of net net assets assets between between funds funds - - current current period period

	Restricted Restricted	Unrestricted Unrestricted	Total Total
	funds funds	funds funds	funds funds
	2024 2024	2024 2024	2024 2024
	E	£	£
Tangible fixed assets Tangible fixed assets	679,881 679,881	280,816 280,816	960,697 960,697
Debtors due after more than one year Debtors due after more than one year	-	130,000 130,000	130,000 130,000
Current assets Current assets	18,589 18,589	162,464 162,464	181,053 181,053
Creditors due within one year Creditors due within one year	-	(32,338) (32,338)	(32,338) (32,338)
Total Total	698,470 698,470	540,942 540,942	1,239,412 1,239,412
Analysis of net assets between funds - prior period Analysis of netassets between funds- prior period
	Restricted Restricted	Unrestricted Unrestricted	Total Total
	funds funds	funds funds	funds funds
	2023 2023	2023 2023	2023 2023
	£	>a	£
Tangible fixed assets Tangible fixed assets	685,780 685,780	362,779 362,779	1,048,559 1,048,559
Debtors due after more than one year Debtors due after more than one year	-	130,000 130,000	130,ooo 130,000
Current assets Current assets	17,340 17,340	198,220 198,220	215,560 215,560
Creditors due within one year Creditors due within one year	-	(49,697) (49,697)	(49,697) (49,697)
Total Total	703, 120 703,120	641,302 641,302	1,344,422 1,344,422

Page Page 34[34]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Reconciliation Reconciliation of of net[net] movement movement in[in] funds funds to[to] net[net] cash cash flow flow from from operating operating activities activities

==> picture [448 x 170] intentionally omitted <==

----- Start of picture text -----
||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2024|2024|2023|2023| |.|£|£| |Net|Net|income/expenditure|income/expenditure|for|for|the|the|period|period|(as|(as|per|per|Statement|Statement|of|of|Financial|Financial| |Activities)|Activities)|(105,010)|(105,010)|82,265|82,265| |Adjustments|Adjustments|for:|[for:]| |Depreciation|Depreciation|charges|charges|94,059|94,059|84,234|84,234| |Dividends,|Dividends,|interests|[interests]|and|and|rents|rents|from|from|investments|investments|(35,090)|(35,090)|(15,223)|(15,223)| |Decrease/(increase)|Decrease/(increase)|in|in|debtors|debtors|6,392|6,392|(49,063)|(49,|063)| |Increase/(decrease)|Increase/(decrease)|in|in|creditors|creditors|(17,359)|(17,359)|7,117|7,117| |Net|Net|cash|cash|provided|provided|by/(used|by/(used|in)|in)|operating|operating|activities|activities|(57,008)|(57,008)|109,330|109,330|

----- End of picture text -----

1. Analysis Analysis of of cash cash and and cash cash equivalents equivalents

==> picture [472 x 106] intentionally omitted <==

----- Start of picture text -----
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2024|2024|2023|2023| |£|£| |Cash|Cash|[in]|in|hand|hand|99,372|99,372|127,487|127,487| |Total|Total|cash|cash|and|and|cash|cash|equivalents|equivalents|99,372|99,372|127,487|127,487| |20.|20.|Analysis|Analysis|of|[of]|changes|changes|in|[in]|net|[net]|debt|debt|

----- End of picture text -----

==> picture [442 x 106] intentionally omitted <==

----- Start of picture text -----
||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |At|At|1|[1]|At|At|31|[31]| |January|January|December|December| |2024|2024|Cash|Cash|flows|[flows]|2024|2024| |£|£|£| |Cash|Cash|at|[at]|bank|bank|and|and|in|[in]|hand|hand|127,487|127,487|(28,115)|(28,115)|99,372|99,372| |Debt|Debt|due|due|within|within|1|[1]|year|year|(2,452)|(2,452)|(10)|(10)|(2,462)|(2,462)| |125,035|125,035|(28,125)|(28,125)|96,910|96,910|

----- End of picture text -----

21. 21. Pension Pension commitments commitments

The The Charity Charity operates operates a a defined[defined] contributions contributions pension pension scheme. scheme. The The assets[assets] of of the the scheme scheme are are held held separately separately from from those those of of the the Charity Charity in in an an independently independently administered administered fund. fund. The The pension pension cost cost charge charge represents represents contributions contributions payable payable by by the the Charity Charity to to the the fund fund and and amounted amounted to to £5,216 E5,216 (2023 (2023 - - £3,543). E3,543).

Page Page 35[35]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

(SSmRSR I NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

22. 22. Operating Operating lease[lease] commitments commitments

At At[31] 31 December December 2024[2024][the] the Charitable Charitable Company Company had had commitments commitments to to make make future future minimum minimum lease lease payments payments under under non-cancellable[non-cancellable] operating operating leases[leases] as as follows:[follows:]

	2024 2024	2023 2023
	£	£
Not laterthan 1 year Not later than 1 year	260,000 260,000	260,ooo 260,000
Later than I year and not later than 5 years Laterthan 1 year and not later than 5 years	1,040,000	1,040,000
Later than 5 years Later than 5 years	4,680,000	4,940,000 4,940,000
	5,980,000	6,240,000 6,240,000

23. 23. Related Related party[party] transactions transactions

The The Charitable Charitable Company Company has has not not entered[entered] into into any any related[related] party party transaction[transaction] during during the[the] year,[year,] nor nor are are there[there]

any any outstanding[outstanding] balances balances owing[owing] between[between] related[related] parties[parties] and[and] the[the] Charitable Charitable Company[Company] at[at] 31[31] December[December] 2024. 2024.

Page Page 36[36]

2024-12-31-accounts

SS CONTENTS CONTENTS

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

TRUSTEES' TRUSTEES' REPORT REPORT FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

Objectives Objectives and and activities activities

a. a.[Policies] Policies and and objectives objectives

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’)[CRCCG')] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

ETE TRUSTEES' TRUSTEES'REPORT REPORT (CONTINUED)[(CONTINUED)] FOR FOR THE[THE] YEAR YEAR ENDED[ENDED] 31[31] DECEMBER[DECEMBER] 2024[2024]

Objectives Objectives and and activities activities (continued) (continued)

b. b. Strategies Strategies for for achieving achieving objectives objectives

c. c. Activities Activities undertaken[undertaken] to[to] achieve[achieve] objectives[objectives]

d. d. Volunteers Volunteers

Achievements Achievements and and performance performance

b. b. Factors Factors relevant relevant to to achieve achieve objectives objectives

c. c. Investment[Investment] policy[policy] and and performance[performance]

Financial Financial review review

a. a. Going Going concern concern

a. a. Going Going concern concern

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

|SS

c. c. Financial Financial risk[risk] management management[objectives] objectives and and policies[policies]

d. d. Principal Principal funding funding

a. a. Constitution Constitution

b. b. Methods Methods of of appointment appointment or or election election of of Trustees Trustees

c. c. Organisational Organisational structure[structure] and and decision-making[decision-making] policies[policies]

d. d. Policies Policies adopted adopted for for the the induction induction and and training training of of Trustees Trustees

d. d. Policies Policies adopted adopted for for the the induction induction and and training training of of Trustees Trustees

e. e. Pay Pay policy policy for for key key management management personnel personnel

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG’) ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

f. f. Financial[Financial] risk[risk] management management

Plans Plans for for future[future] periods periods

Trustees' Trustees’ liability liability

Statement Statement of[of] Trustees’ Trustees' responsibilities[responsibilities]

Disclosure Disclosure of of information information to[to] auditors auditors

Auditors Auditors

Opinion Opinion

Basis Basis for for opinion opinion

Conclusions Conclusions relating relating to to going going concern concern

Other Other information information

Opinion Opinion on on other other matters matters prescribed prescribed by by the the Companies Companies Act Act 2006[2006]

Matters Matters on on which which we we are are required required to[to] report[report] by by exception exception

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG')[('RCCG') ] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

cl INDEPENDENT INDEPENDENT AUDITORS' AUDITORS' REPORT REPORT TO TO THE THE MEMBERS MEMBERS OF OF REDEEMED[REDEEMED] CHRISTIAN[CHRISTIAN] CHURCH[CHURCH] OF[OF] GOD GOD ('RCCG’') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (CONTINUED) (CONTINUED)

Responsibilities Responsibilities of trustees of trustees

Sbdeley=

Mr Mr Stephen Stephen Oladapo Oladapo Odeleye Odeleye (Senior (Senior statutory statutory auditor)[auditor)]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD[GOD] (‘RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

| a er STATEMENT STATEMENT OF OF FINANCIAL FINANCIAL ACTIVITIES ACTIVITIES FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

ES

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG')[CRCCG')] TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee) REGISTERED REGISTERED NUMBER: NUMBER: 08434543 08434543

STATEMENT STATEMENT OF OF CASH CASH FLOWS FLOWS FOR FOR THE THE YEAR[YEAR] ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL : (A (A company company limited limited by by guarantee) guarantee)

SIRI EE SES ES NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

2.2 2.2 Going Going concern concern

2.3 2.3 Income Income

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

2.4 2.4 Expenditure Expenditure

2.5 2.5 Government Government grants grants

2.6 2.6 Interest Interest receivable receivable

2.7 2.7 Foreign Foreign currencies currencies

2.8 2.8 Tangible Tangible fixed fixed assets assets and and depreciation depreciation

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD ('RCCG') ('RCCG') TRINITY TRINITY CHAPEL CHAPEL (A (A company company limited limited by by guarantee) guarantee)

aT

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

2.9 2.9 Debtors Debtors

2.10 2.10 Cash Cash at[at] bank bank and and in in hand hand

2.11 2.11[Liabilities] Liabilities and and provisions provisions

2.12 2.12 Financial Financial instruments instruments

2.13 2.13 Operating Operating leases leases

2: 2. Accounting Accounting policies[policies] (continued) (continued)

2.14 2.14 Pensions Pensions

2.15 2.15 Fund Fund accounting accounting

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD (‘'RCCG') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)

RE SS NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR[YEAR] ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

7. Ts Analysis Analysis of of expenditure expenditure by by activities activities (continued) (continued) Analysis Analysis of of direct direct costs costs

NOTES NOTES TO TO THE THE FINANCIAL FINANCIAL STATEMENTS STATEMENTS FOR FOR THE THE YEAR YEAR ENDED ENDED 31[31] DECEMBER DECEMBER 2024[2024]

REDEEMED REDEEMED CHRISTIAN CHRISTIAN CHURCH CHURCH OF OF GOD GOD (‘RCCG') ('RCCG') TRINITY TRINITY CHAPEL[CHAPEL] (A (A company company limited limited by by guarantee) guarantee)