Charity Registration No. 1151877 Company Incorporation No. 08470482 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH Report & Financial Statements For the Year Ended 31 March 2025
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGE REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 8-12
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH REFERENCE AND ADMINISTRATIVE INFORMATION General Overseer Pastor E A Adeboye Trustees The trustees who served during the period were as follow.. Mrs Wosilat M. Alade Mr Idowu S. Daniels Mr Segun Isaiah Palmer Mrs Folake O Odugbile Senior Pastor Oladayo Odugbile Registered Address 301 Long Riding Basildon Essex SS14 IQR Accountants Da-silva and Associates Ltd 14 Farm Close Dagenham Essex RMI 0 9TX Worship Address RCCG Temple of Faith 301 Long Riding Baildon Essex SS14 IQR Bankers Lloyds Bank PIC Commercial Banking P. O. Box 1000 Andover BXI ILT statutory Registration Charity Commission Registration Charily Number- l 151877 Company Registration Number: 08470482
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH YEAR ENDED 31 MARCH 2025 Report of the Trustees The Irustees present the annual report and financial statement of The Redeemed Christian Church of God l RCCG l Temple of Failh for the year ended 31 March 2025 Prlnclpol Actlvltles The principal activities of this Charity is the advancement of the Christian faith woddwide and the relief of poverty. Orgonisation structure. governance and managemenl This organisotion is an incorporated charity in England and Wales since the 2nd Moy 2013 The overall conlrol of Ihe orgonisalion is Ihe responsibility of Ihe board of trustees who are also the directors for compony purposes. These responsibilties hove been delegated and vested in Ihe Senior Pastor and Chief Executive Offficer. The Senior Pastor: who is the set man of the organisotion cany out the day to day management of the Charity. He is assisted by the Charity's adminstrotor ond o teom of voluntory workers to whom responsibilities are delegoled. The Senior Postor liase regulorly with the charily's board. Financial review The Charity's financial statement for the year ended 31 March 2025 shows o net surplus of £39.543 12024 £34.6921. Total unrestricted fund as at 31 March 2025 is £190.661 12024.. £151,118). ReseNes are required in the event of possible emergencies. unexpected evenls and to ensure contigency plans are adequately funded. Related party relallonshlp RCCG Temple of Faith 15 a member of the Redeemed Chrislian Church of God woddwide. This relationship is govemed by an 'agreement of common purposes. between our parish and RCCG UK. Risk management In order to sofeguord the welfare of children ond young people the church operates a child prolection policy. All Church coordinators and children and youth workers are carefully screened and have an enhonced disclosure barring service IDBSI check. They are trained in safe work praclice and work under approved guidelines. The Irustees have assessed the major risks lo which Ihe charity is exposed to, in particular those relaling to the ODeralions and finances of Ihe charifv and are satisfied thal svslems are in Dlace to miligate exposure to any major risks. Grant making policies The Church assist poor members in the community focing hordship caused by sudden emergency i.e loss ofjob elc. In accordance to the organisolion's gront moking policy.
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH YEAR ENDED 31 MARCH 2025 R•port ol th• Trusl••s (Conllnv•d) Volunteers The Chvrch is grateful to our wondwful volvnleers. who put in considerable numbers of ho each wk in sUpptring the actiwlies ond the opwotions of the charfty. Pubk 8en•fil lil e54cblish'_,g fs prograrnmes and acltvitie5 01 RCCG Templo of FaHh. the Irustees considw Its berit lo the general public within Ihe community and in line with it's charity obiects of advancing ctrKi5tion faith in Untted Kingdom ond the relief of povwty In the tives of Ihe pubfjc. The trustees enswe Ihal the Chority Commission's guidefines on publc benefil are folowed in au thesr operations. pkJnnirKJ ond decwn moking. Trust••s' r•sponslblllll•s Low applicable to Charl in EngkJrKI ond Wales requres Ihe Iruslee5 to prepare firn¢la1 statements t each financial yeor which gives a true ond fair view of the state of affaY5 of the chority of tp charily and of the surpkns (x deficsl of the charity for that period. In ryeparinq those financial statemenls the Irvstees have: . Sekc•ed suilable occtsuntiro pofjcies and appled tt)em consislenltr. . Mode judgernents and eslimale5 Ihot are reasonable and wudentr. ' stated Wther appcOble accounting standards have been folk>wed. subject to any material deDartures disck)sed and exokjined in the financ.ial slalpments: and ' Prepared the financial statements on a going concem basis (unless it ts inapFopriate to wesume that the Trust will continup in ODerationJ ' The trustees have overall responsikyfity fly ersuring that the charity has an apryopTrJte system of controls. financial and otherwise. They are otso responsible fcK keeping prop¥ accounting reccKds whichdiscbse with reasonable accwocy at any time the financial pxition of the charity and enable them to ensvre that the financial slalements comply with the Charilies Acl 1993. They are obo responsible fcx sofeguarding the assets of the charity and hence for toking reasonable steps f the delection and wevention of fraud and olhw egularil1es. This report was approved by the txxjrd of Irusiees on the .. 25 Mrs Foloke O OdLvJbile For. The Board of Ttvstee5
Independent Examiner's Report to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH We report on the accounts of the Redeemed Christian Church of God {"RCCG")_ Temple of Faith for the year ended 31 March 2025. which are set out on pages 5 to 12. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law} are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligilbe for independent examination, It is my responsibility to.. examine the account under (section 145 of the 2011 Act- to following the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.. and to state whether particular matters have come to my attention Basis of independent examinerfs report My examination was carried out in accordance wth the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequendy no opinion is given as to whether the accounts present a true and fair view and thereport is limited to those matters set out in the statement below. Independent examiners statement In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that. in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006,. and to prepare accounts which accord wth the accounting records, comply with the accounting requirements of the section 386 of the Companies Act 2006 and with the methods and principles of the Statement of Recommemded Practice.. Accounting and Repoting by Charities (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ,2v Mrs Eileen Da-silva FCCA Da-silva and Associates Ltd 14 Farm Close Dagenham Essex RMIO 9TX 22nd December . 2025
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025 2025 2024 Notes Unrestricted Fund Unrestricted Fund INCOME Donations 210,039 204,693 210,039 204,693 EXPENDITURE Charitable expenditure: Grants and donation Costs of activities for charitable objective Support costs Management and administration 9,987 111,284 23.320 25,905 13,790 86,805 38,114 31,292 Total Expenditure 170,496 170,001 Net Incoming Resources 39,543 34,692 Total Funds brought foNard 151,118 116,426 190.661 151 118
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Noles Flxed assets Tangible fixed assets 3,442 3,122 Current assets Debtor Cash at bank 48.797 140.056 46,416 103,154 188.853 149,570 Creditors: amount falling due within one year 1,634 1,574 Net current assets 187.219 147,996 Total assets less current liabilities 190.661 151 118 Income Funds Unrestricted Funds- General Funds 10 190,661 151,118
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH BALANCE SHEET (CONTD) AS AT 31 MARCH 2025 In yeparing thls financial statement: l . The directors are of the opinion thot the company Is entitled to exemptlon from audit under section 477121 of the Companles Act 2(X)6 relatlng lo small companies. 2. No notice has been deposited Und sectlon 476 of the Companies Act 26 and 3. The directors acknowledge their responsibilities fcr. . Ensuring thal the compan¥ keep accounting records whlch compty vdth section 386 of the Componies Act XK)6 and - Preparing accounts which give true and fair view of the state of affairs of ttr comF)any as at the end of the firK]ncial year and of it's surplus and deficit in occordance with the requirements of section 396, and which otherwÈse comply wlth the requirement5 of this Act relating to accounts. so far a5 applicable to the company. This financial statement have been prepared in acccydance with the provisions apICable to companies subject to the srrK)11 companies regi me. Approved on behall ol Ihe board ol trustees on the z/ - b£ 2025 Mr Segun Isalah Palmer Trustee Folake O Truslee dugblle
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Accounting policy The principol occounting policies, oll of which hove been opplied conslstently throughout Ihe year, are set out below= (o) Scope and basis of the financial statements The financial statements have been prepared in occordance with Slalement of Recommended Proclice opplicoble lo chorities pieparing their occounls in occordonce wilh the Finonciol Reporting Stondord opplicable in the in the UK ond Republic of Irelond IFRS 1021 leffeclive l January 20191. Charilies SORP IFRS 1021, Ihe Financial Reporitng Slandard applicable in the UK and Republic of Ireland IFRS 1021. (b) Preparatlon of accounts on a going concern basis The trustees consider there are no maleriol uncertainties about he Charity's abilily to continue as o going concern. The review of our finonciol position. reserves levels ond future plans gives Trustees confidence the chority Temains o going concem for the foieseeable future. (c) Fund accovntlng General funds are unreslricted funds which ore ovoilable for use ot the discretion of the Tluslees in furtheronce of the geneToI objeclives of the parish ond which have not been designated for olher purposes. (d) Incoming resources All income is accounted lorwhen the Charity h05 enlillement to the funds. the amount con be quontified and there is certainty of receipl. (e) Resources expended All expenditure 15 occounted for on QCCTUOI bo515 and h05 been included under expense categories Ihat aggregate all cosls for allocalion lo activities. Where costs connot be directly otlribuled lo particular activities they have beenallocated on a basis consistent with Ihe use of the resources. Grant poyoble ore charged in the year when the offer is mode except in Ih05e co5e5 where the offer 15 conditionol, such grants being recognised as expenditure when the conditions attached ore fulfilled. Gronls offered subject to conditions which have not been met at the yeor end are noted as a commitment. but not accrued os expendilure (f) Cash flow The financial statements do not include a cash flow stotemenl because the church. as a small reporting entity. is exempl from Ihe requiremenl to prepore such o stotement vnder the finonciol Reporting Stondord for Smoller Entities (effective June 2(K>21- (g) Tanglble ftxed assets and depreclaNon All assets costing more than £500 are capilalised. Tangible fixed assets are slaled al cost and deprecialed on a straight line basis over their Useful economic lives as follows- Equipment Furnilure & FitFings 25% 25%
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2025 2025 Unrestricted Fund 2024 Unrestricted Fund 2. Income from Activities in furtherance of Charitable Objects Tithes & Offering other Donations Gift Aid 156,741 21,533 31,765 210.039 155,754 17,979 30,960 204,693 3 Grants and Donations RCCG - World Evangelical Mission other Grants & Donations 9,237 750 9,987 9,890 3,900 13,790 4. Cost of Activities for Charitable Objective Rent and Rates Welfare Worship Ministry Outreach and Events 79,724 7,763 13,813 9,983 111.284 64,429 3,440 15,080 3,857 86.805 5. Support Cost utilities Books & CDS Stationery & Printing Refreshments & Subsistences Communication & Internet Transportation Bank Charges and deductions Repairs & Renewal Depreciation Sundry expenses Insurance 7,033 1,877 628 1,844 724 362 6,025 710 5.076 3,500 318 310 332 16,714 943 3,701 485 38,114 4,462 1,946 3,987 458 23,320
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAL STATEMENTS (Continued) YEAR ENDED 31 MARCH 2025 2025 2024 6. Management and Administration Accountancy fees staff costs Legal and Professional fees Training and Consultancy 1,600 17,223 4.251 2,831 25,905 1,540 19,966 6,435 3.350 31.292 Fixed Assets Cost At 01 /04124 Additions At 31 /03/25 Accumulated Depreciation At 01 /04/24 Depreciation for the year At 31103/25 Net Book value At 31 /03/25 10,614 2,265 12.879 7,492 1,946 9,438 3.442 At 31103/24 3.122 2025 2024 8. Debtors Accrued Income Rent -prepaid other Debtors 31,000 17,500 297 30,166 16,250 48,797 46,416 10
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAL STATEMENTS {Continued) YEAR ENDED 31 MARCH 2025 2025 2024 9. Creditors Accruals 1.634 1,574 10. Movement in funds Opening Balance 110412024 Closing Balance 3110312025 Incomlng Resources Outgolng Resources Current year Unreslricted funds 151 118 210,039 1170,4961 190,661 Total funds 151.118 210,039 170,496 190,661 Opening Balance 110412023 Closing Balance 3110312024 Incoming Resources Outgoing Resources Previous year Unrestricted funds 116.426 204,693 1170,0011 151 118 Total funds 116,426 204.693 (170,001) 151,118 I l. Taxation RCCG Temple of Faith is o registered charity and is eligible for Ihe exemplions from loxalion available to charilies on Iheir chariloble aclivities. No charge lo laxation Iherefore arises. 12. Trustee Remuneration and Relaled Party information No trustee received any remuneration or reimbursement of expenses in connection wilh work carried out in performance of Iheir duties. 2025 2024 Payment received by a relaled party. Pastor Foladayo Odugbile 17,223 19,966