THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD Charlty reg. no.. 1153113 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CONTENTS PAGE Reference and admlnlstratlve detalls Trustees report Independent Examlner's report Statement of Flnanclal Activlties Balance sheet Notes to the accounts 10-12 Page I
THE REDEEMED CHRISTXAN CHURCH OF GOD LIVING WORD REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees Mrs Adeblsi Ogidan Dr Adedayo Adetoye Mr Olusegu n Egungbohun Charity regist•red number 1153113 Principal Office 17 Fawley Close Maidenhead Berkshlre SL6 7UP Parish Pastor Pastor Rotlml Ogldan Independent Examiner Aklntayo Ojo FCCA Resource Management Consultants Ltd 46 Hollywood Way ErSth DA8 2QE Bankers HSBC 26 Broad Street Reading Berkshire RGI 28U Page 2
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD TRUSTEES, REPORT FOR YEAR ENDING 31 DECEMBER 2025 The trustees submlt their report and flnanclal statement for The Redeemed Christlan Church of God - Llvlng Word (The Charity) for the year ended 31 December 2025. The trustees confirm that the trustees. report and financlal statements of the charlty comply wlth cu rrent statutory requlrements of the charlty's governSng document and the provisions of Charlties Act 2011. STRUCTURE, GOVERNANCE AND MANAGEMENT The Redeemed Chrlstban Church of God - Llvlng Word a reglstered charbty. It Is reglstered wbth the Charity Commission as a charlty In England and Wales and the registration number 1$ 1153 113. APPOINTMENT OR ELECTION OF TRUSTEES Trustees are appolnted and or co-opted under the terms of the trust deed. POLICIES ADOPTED FOR THE INDUCTION AND TRAINIt4G OF NEW TRUSTEES The Inductlon process for a newly appolnted trustees comprlse5 of an Inltlal meetlng wbth the the chalr and other trustees, followed by short meetlngs wlth the parlsh pastor on the powers and responslbllltles of the trustees. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charlty Is organised so that the trustees meet regularly to mange Its affalrs. The parish pastor manages the day to day administratlon of the church, RELATED PARTY TRANSACTZON RCCG Llvlng Word is a parlsh of The Redeemed Chrlstlan Church of God whlch has parlshes all over the world. The parish'5 relationshlp wlth other parlshes Is governed by an 'Agreement for Common purposes.. RISK MANAGEMENT The trustees have assessed the major rlsks to whlch the charlty Is exposed, In partlcular those related to operallons and finances of the charltyi and are satlsfied that systems are in place to mltlgate our exposures to major rlsks. OBJECTIVES AND ACTIVITIES The prlncipal object is the advancement of Chrlstlan falth In accordance with the ststement of bellets of The Redeemed Chrlstlan Church of God, and the rellef of poverty. To achleve its oblectlves, the church adopted the followlng strategles., Runnlng Sunday worshlp servlces and mldY4eek bible study, Supportlng other charltles and Chrlstian events, Page 3
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD TRUSTEES, REPORT FOR YEAR ENDING 31 DECEM8ER 2025 PUBLIC BENEFXTS The Chu rch's Sunday and mld-week servlces are open to the general publlc to bulld on their Chrlstlan faith. Apart from Its Church actlvltles, the charlty was Involved In the followlng publlc beneflt efforts: Hostlng food banks for the less prlvlleged in our communlty and glvlng Out food stuffs In the local market monthly. Holdlng outreaches In areas of Interest to our communlty* such as the care homes. In the year we held semlnars for marrled men and women on bulldlno homes that wlll Impact rhe commu nlty posltlvely. We held Sunday servlces and mld week blble studles amongst others. Our efforts are geared towards supportlng the programmes of our local communbty, promotlng coheslon In our communlty, and Impactlng the Ilves of the young people and the elderly. GRAIIT MAKING POLICY The chu rch supports vlsltlng mlnlsters of the gospel both wlthln and outslde the Unlted klngdom. Support Is also glven to RCCG Central Offlce, World Evangellsm Mlsslon, Festlval of Llfe and other RCCG programmes. The Church su pports other charltles and mlsslonary that shares Its objects In the advancement of Chrlstlan falth and rellef of poverty. The church glves occaslonal welfare grants to congregatlonal members who are In need. VOLUNTEERS The church Is gratefu I for the unstinting efforts of Its volunteers who are Involved In provld Ing servlces for the charlty. It Is estlmated that over 1200 hour5 are provlded by volunteers durlng the year. Lf thls Is conservatlvely valued at £8.50 per hour, the volunteer5 effort ¥ylll amount to over £10,200. REVIEW OF ACTIVITIES The church conllnues to enjoy tremendous growth In Its physlcal and splrltual Ilfe durlno the year, and In the advancement of Chrlstlan falth In accordance wlth the doctrlnes set out In the Statement of falth contalned In our constitutlon. RESERVES POLICY The trustees, pollcy Is to have unrestrlcted and uncommltted funds (fe reserves) to cover 3 to 6 months of resource5 expended. They feel that thls would enable the current actlvltles to contlnue If there Is any slgnlflcant drop in fundino. It would obviously be necessary then to con51der how the fundlng would be replaced or actlvlties changed. The present Free serve 55 wlthln the pollcy range but the trustees are continulng to seek addltlonal funds for the reserves. Page 4
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD TRUSTEES, REPORT FOR YEAR ENDING 31 DECEMBER 2025 PRINCIPAL FUNDING Fundlng has been provided malnly through tlthes and offerings by church members and through donatlons. FUTURE DEVELOPMENTS The charlty contlnues to explore various ways of spreadlng the gospel of Chrlst In an effective manner. The charlty Is also looklng to grow In membershlp and contlnue to develop Its members to makelsfe-changlng Impact In the communlty. Page 5
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparlng the annual report and flnanclal statements In accor- dance wlth applicable laws and regulatlons. Charlty law requlres the trustees to prepare flnanclal statements for each flnanclal year, Under that law, the trustees have elected to prepare the fbnanclal statements In accordance wlth the Unlted Klngdom Generally Acceptable Accountlng Prattbce (Unbted Klngdom Accountlng Standards and applicable law). The flnanclal statements are requ Sred to glve a true and falr vlew of the state of affalrs of the charlty and of the su rplus or deflclt of the charlty for that perlod. In preparlng the financlal statements, the trustees a requ ld to: Select sultable accountlng pollcles and the apply them conslstently,, Make judgement and estlmates that are reasonable and prudent; Prepare the flnanclal statements on the golng concern basls unless It Is Inapproprbate to presume that the company wlll contlnue In operatlon. The trustees recognlse their responslbllities to keep proper accountlng records that dlsclose wlth reasonable accuracy at any time the financial position of the charlty and enable them to ensure that the flnancial statements comply with the Charlties Act 2011. They are also responsible for safeguardlng the assets of the company and hence taklng steps for the prevention and detectlon of fraud and other Irregularities. The appended flnancial statements have been prepared on the accruals basls and have been examined by an Independent examlner, whose report is also appended. Approved by the trustees on 27- 07- 2026 and slg ned on thelr behalf by.. Mrs Adebisi Ooidan Trustee Dr Adedayo Adetoye Trustee Page 6
THE REDEEMED CHRisfiAN CHURCH OF GOD LIVING WORD INDEPENDENT EXAMINERS REPORT FOR YEAR ENDED 31 DECEMBER 2025 TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD I report on the accounts of the charity for the year ended 31 December 2025 which is set on pages 8- 12 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER The charity trustees are responsible for the preparation of the accounts. The Charity's trustees consider than an audit is not required for the period under settion 14212) of the Charities Act 2011 and that an independent examination is needed. It is my responslbility to: examine the accounts under section 145 of Charities Act 20 11. follow the procedures laid down in the general Directions given by the Charity Commissioners lunder settion 145(5){b} of the 20 1 l Act; and state whether particular matters have come to my attention. BASIS OF MY EXAMINATION My examination was carried out in accordance with 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 account, and seeking explanations from you as trustees concerning any such matters, The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" vlew and the report is limited to those matters set out in the statements below. EXAMINER'S STATEMENT In connection with my examination. no matter has come to my attention.. { l ) which glves me reasonable cause to believe that In any material respett the trustees have not met the requirements to ensure that: proper accounting records are not kept in accordance with the Charities Att. and accounts are prepared which agree with the accounting records and comply with the accounting requlrements of the Charities Act 20 1 I. or 12) to which, in my opinion, attention should be drawn in order to enable a proper under- standing of the accounts to be reached. Akintayo Ojo FCCA 2026 Page 7
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 OECEMBER 2025 Unregtrlrted Re•trl¢t¢d Total Unre•trl¢t•l •unds Vunds Punds Fundg Notes 2025 2025 2025 2024 Incoming resources Donatbons & Incomlng resou rces Glft ald clalm 66,994 145 67,139 50,923 31,119 2,719 84,761 Investment Income Total Incomlng resources 2,838 69,833 2,838 69,978 145 Resources expended Grants payable - Institutional Cost of activitles in ftjrtherance of charlty's objects Management and governance cost Total re#ources exp•nded 14,107 39,892 750 54,749 14,107 40,367 750 11,069 27,144 3,183 41,397 475 475 55,224 Net(outgoing)/incomlng resources for the year 15,083 330 14,753 43,365 Total funds at the start of the year 172,656 330 172,986 129,621 Balance at the end of the year 187,739 187,739 172,986 Page 8
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD BALANCE SHEET AS AT 31 DECEMBER 2025 TthI Total Funds Notes 2025 2024 Flx•d Assets Tanglble flxed assets 3,952 1,500 Current a•set• Cash at bank and In ttand Debtors 184,137 400 184, 537 170,186 2,000 172,186 L•••: Curr•nt Ll•bllltle•: Credltors.. Amount falllng due wlthln One year Net assets 750 187,739 700 172,986 Flnanced BY: Charity fund• General - $trIcted General - unrestrlcted 187,739 187,739 172,986 172,986 Th¢ 4¢counts have b••n pr•pared in accordance wlth the 5peclJl provl$lon of Statement of Récomménd•d Prartl¢•: Accounting and Reportlng by Charitl•s ISORPI Issued March 2005 as modlfléd for smaller charlties Approved by the Trustees on Q7- )?- 2026 and slgned on thelr behalf by,. Mrffj Adebi•i Ogidan Tru•t•• Page 9
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2025 I. ACCOUNTING POLICIES (l. l) Basls of preparatlon of flnanclal statements These account5 have been prepared u nder the hlstorlcal cost conventlon and In accordance with the Flnancial Reportlng Standard for Smaller Entitles leffectlve Aprll 2008) .The financlal statements have been prepared wlth Statement of Recommended Practlce (SORP>, 'Accou ntlng and Reportlng by Charltbes publlshed In March 2005 and appllcable accountlng standard5. { 1.21 Incomlng resources All Incomlng resou rces are Included In the statement of flnanclal attivltles when the charlty Is legally entltled to the Income and the amount can be reasonably quantlfled wlth reasonable accuracy. 11.3) Resources expended All expendltures are accounted for on an 3ccrual basls. Managemenl and governance costs are c05t Incurred In connectlon wlth admlnlstratlon and compllance wlth statutory requlrement Unr•itdtt• A•strlct•d To1 Toti Funds Funds Funds Funkls 2025 202J 2025 7014 2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES Collectlon and other donatlons Glft ald recovered Investment Income 66,994 145 67,139 50,923 31,119 2,719 84,761 2,838 69,833 2,838 69,978 145 3. Grants payable - Institutlonal Charltable glvlng -UK Charltable glvlng -overseas Total 14,107 14.107 11,069 14,107 14,107 11,069 Llst of Charltable glvlng - UK RCCG WEM World Evangellsm RCCG Central Offlce COF Support Festlval of Llfe Charlty Support RCCG Camp Ground Charlty Support Other Charltles Charlty Support RCCG Fountaln of Grace Charlty Support Total grant payable - Institutlonal 12,367 600 240 350 550 12,367 600 240 350 550 9,229 600 240 1,000 11,069 14,107 14,107 Page 10
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2025 Year ended Year ended Total Unrestritted F<eStcted Total Funds Funds Fund5 Funds 202$ 2025 2025 2024 4. COST OF AcrIvrriES IN FURTHERANCE OF CHAR Hall hlre, rent & rates Printlng, stationery & IT Consumables Vlsiting mlnisters. expenses Conference & tralnlng Communlty projects Insurance Misslon & evangellsm Offlee & telephone expenses Charlty expenses Depreciation Wor5hlp, tralnlng & church gro¥Jp Welfare & support Church Support Worker 10,347 405 3,100 1,306 9.025 1,282 2,000 1,209 352 2,048 850 780 7,188 39,892 10,347 405 3,100 1,306 9,500 1,282 2,000 1,209 352 2,048 850 780 7,188 40,367 8,570 600 1,000 2,500 1,282 3,000 1,209 60 923 1,000 200 6,800 27,144 475 475 5. MANAGEMENT AND GOVERNANCE COSTS Year ended 31-De 2025 Year ended 31-Dec 2024 unrestrlrted Restricted Funds Funds Professlonal fees Examlner's fees - accountancy 2,483 700 750 750 750 750 3,183 6. CASH BALANCES Year ended 31-Dec 2025 Year ended 31-Dec 2024 Bank balance 184,137 184,137 170,186 170,186 7. DEBTORS Year ended 31-Dec 2025 Yèar ended 31-Dec 2024 Loan to member 400 400 2,000 2,000 Page 11
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WORD NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2025 8. CREDITORS Year ended Year ended 31-Dec 31-Dec 2025 2024 Accrued accountancy fees 750 750 700 700 9. RELATED PARTY TRANSACTIONS During the year, the church pald instltutlonal grants to other RCCG organlsatlons such as the World Evangellsm M1551on as stated in note 4. 10. NET INCOMING RESOURCES/(RESOURCES EXPENDED) Year ended Year ended 31-Dec 31-Dec 2025 2024 This Is stated after charglng Accountant's fees 750 700 11. TRUSTEES RENUMEFIATION Year ended Year ended 31-Dec 31-Dec 2025 2024 NIL NIL NIL NIL Durlng the year, no trustee recelved any remuneratlon Durlng the year, no trustee recelved any benefits in kind 12. TANGIBLE FEXED ASSETS Musical equlpment Total 31-Dec 2025 Cost At I lanuary 2025 Additlons At 31 December 2025 Depreciation At l January 2025 Charge for the year At 31 December 2025 8,015 4,500 12,515 8,015 4,500 12,515 6,515 2,048 8,563 6,515 2,048 8,563 Net book value At 31 December 2025 At 31 December 2024 3,952 3,952 Page 12