Charity Registration No. 1154805 Company Incorporation No. 08777951 THE REDEEMED CHRISTIAN CHURCH OF GOD THE KINGS SANCTUARY Report & Financial Statement for the year ended 31 December 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD - THE KINGS SANCTUARY Year ended 31 December 2025 REPORT AND FINANCIAL STATEMENTS PAGE CONTENTS REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 9-11
THE REDEEMED CHRISTIAN CHURCH OF GOD . THE KINGS SANCTUARY Yeor ended 31 December 2025 Reference and Admlnlstratlve Detalls Rèport of Ihe Trustees The trustee5 have the pleasure ol presenting their annual report and financial statement of Redeemed Christian ChLJrch ol God- The Kings Sancluory lor the year ended 31 December 2025. The Irustees confirm thot Ihe onnuol report complies with the statvlory reqvirement5 of the Charities Acl 201 l and , the church's governing document and FRE 102 ISORPI lor Charities. BOARD MEMBERS. OFFICERS. ADVISER5 AND BANKERS General Overseer Board ol Trustees Poslor E A Adeboye Ms Trocy Gilbert Mrs Oluwakemi O. Awosika Pastor Fe51u5 Azoka Pa$lor In Charge Paslor Helen Ronke Azoka Principal Address Accounlonls Flol 21, Bordeaux House l Luxembourg Mews London E15 ISD Da-silvo and Associates Limited Chartered Cerlified Accounton15 14 Farm Close Dagenham RMIO 9TX Bankers staluFory Regislralion Charity Number: 1151877 CompanyNumber: 08470482 Lloyds Bank PIC Borclays Bank PIC Nalwesl
THE REDEEMED CHRISTIAN CHURCH OF GOD - THE KINGS SANCTUARY Yèar èndèd 31 Dècèmbèr 2025 Rèport ot thè TruslÈès (Contd) Prlnclpol octlvllles The chorivs principol octivify during the yeor continued to be the odvancement of the Christion foith worfdwide in occordonce with the doctrine sel out in the Slalemenl ol loilh ol our trust deed and the relief of poverty to those at risk in the generol pvblic. Orgun15Qtlon structure, governonce ond monogement RCCG The Kings SonctVQry 15 a Compony in Englond ond Woles since 15th Novembei 2013 and olso o iegistered chaiity in United Kingdom since 29th November 2013. The overoll control of the chorify is the iesponsibility of the boord of trustees weie adopted by o Memorandum of A5SQClQtion doted 15th Nov-13 The pastor in charge is responsible lor the day lo day activities ol the charity. The pastor lioses with the board ol Iruslees. when they meet lo review the oclivilies ol the organisalion. Rèlotèd party rèlatlonshlp RCCG The Kings Sonctvory is o member ol the Redeemed Christian Chuich ol God IRCCGI, which hos porishes in the UK ond Worldwide. This relotionship is governed by on orticle of common purposes. RCCG The Kings Sonctvary make regular contributions lor RCCG UK for it's onnual octivities. Rlsk managèmènt The trustees hove o55essed the major iisk5 to which the church is exposed to. in porticular those relating to il's irnternol control. it's operolions ond linonces ol the church ond are solislied Ihal systems are in ploce lo mitigote exposure to ony mojor risks.Bvt these are constantly being reviewed for improvement. Res•vv• Pollcy RCCG The Kings Sonctvory ensures thot o reservation of ot leost one month of the fixed operotionol ost5 ale maintained ot all time5. to safeguord agoin5t unfor5een contigencies. Grant Maklng Pollcy RCCG The Kings Sanctuary make regular contibution5 to the RCCG Wodd evengelical. RCCG Centiol ollice fund. Festival ol life arnong5t others.. in lullilment ol it's obligations. The Charity a150 make donations to othei Chaiities within the UK. in line with it objects. Flnanclal revlew The Charity'5 linonciol 5taternent lor the year ended 31 December 2025 5how5 0 net Sviplvs in Ivnds of £3.24912024 NetSurplu5.' £6.6081
THÉ REOEEMED CHRISTIAN CHURCH OF GOD- THE KINGSSANcfuARY Year ended 31 December 2025 Report of the Trustees {Contdl Volunteers fiCCG The Kings 5anttuary Is grateful for the immence effort of all it's dedicated volunteer5 who ensure that all our activities are well or8anised and professionally conducted. Trustees, responslbllities Law applicable to charities and companies in Englant1 and Wales requires the trustees to prepare tinancial statement for each financial year which giwes a true and fair view of the st¥te of affairs of the charity and of surplu5 or deficit for thè period. In preparing the financial statements the trustees have,. Selected suitable 3c¢ounting policies and applied them consistently. M3de judgements and estimates that are reasonable and prudent. Stated whether applicable accounting st?ridards have been followed. Piepdred Llie firiariLldl 5Ldl¢iiEvritb Ul? <* 8viri¥ iuiiieivi bilblS. The trustees havè overall responsibility of ensuring that th¢ church has an appropriate system of controls. financial or otherwise. They are responsible for keepin% proper accountinE records which disclose with reasonable accuracy at anytime the financial position of the church, and to enable them to ensure that the financial statements comply with FRS 102 SORP for Charities and the Charities A£t 2011. They are responslble for safeguarding the assets of the Charlry and hence take reasonable steps for the detection and prevention of fraud and other irreEularstie5. Thi5 report W85 approved for the board of tru5tee5 on the Ms Tracy Gilbert Trustee Festus Azaka Trustee
Ind•pendenl Examinerfs Report lo Ihe Trust••g of THE REDEEMED CHRISTIAN CHURCH OF GOD C'RCCG") THE KINGS SANCTUARY We report on account5 of the Redeem8d Chri51ion Church ol God I'RCCG'I _ The Kings 5oncluary lor the year enc*ed 31st December 2025. which ore set out on poge$ 6 to 12. Re5ppcHv• r•spon%lblli11•5 vf Irv51ees and exumln•r The Iruslees (who are olso the directors ol the company lor the purpose5 of company lawl ore re5pofi4iblo lor tho preparation of tho accounts. The Iivslees consider that ar) audit is nol r6quir&d lor this yeor under section 144121 ol the Charities Act 2011 Ithe 2011 Acll and Ihot an ind@ptrDdent exominotion li needed. Hoving solisflecl my5sII Ihol the charity 15 not Subject lo oudil under company law ond is eligilbe lor exaniine ths occounl under (section 145 01 the 2011 Act., lo following the procedures loid down in the geF)erol Direclions givgn by the Charity Comniission under section 145151 Ibl of the 2011 Act.. and lo slate whether porticular mallers have come lo my allenlion Bosls of Indep•nd•nt •xomlner'$ report My exominolion was carried out in accordance with the Gen¢rol Directions giv(3n by the Charity Commission. An exominolion includes a review ol the accounting records kept by the Charify nd o comparison of the tJccounts presented with thosè rèeords. 11 also inclvdès eonsid&r(JtiorT of ony unusual items or disclosLJres in the occounls. and s8eking explonolions from the Iruslees concernino ony such mottsrs. Ihe procedures vndertoken do not provide all the evidence that wniilfl hp. rpqiiir•.rl in ¢yn niirlit rnn%p.oii?.ntly nn rJpinir)n is oivpn a.E In whp.thg.r thp. nr_r.c)iJnts pie5ent o true and loii view ond the report Is Ilmiled lo those mollers sel out in the slolemenl below. Ind•p•nd•nl •xamlnw's stal•m•nt In connection with my examination. no maller has come lo my altenlion.. I I I which give5 me reo50nable couse lo believe Ihal. in any moleriol respect Ihe requirement5'. ta kpg.p (Jr.p.niintino rpr.oYd% in nr.r.nrdanc_p with ser.lion fjf thg. C.nmpanig% Acl 2006.. and to prepare accounts which accord wilh the occounling records. comply with Ih ULLVUI-Ilii iy Ivwuii¥ii i¥1 115 uf 51 I >VLlivii 3&6 uf 11 i¥ Con-lyui-iivs Ail 2006 oi-ld witrli tli methods and principles ol the Slolement ol Recommemded Practice.. Accounting and Repoling by Chorilie5 121 lo which. in my opinion. allenlion should be drcwn order lo enable o proper unclerslanding ol the accounts lo be reached. Mr5 Eileèn Da-sllvu fCCA Da-Silva and A5socl¢Jtes Ltd 14 Foiiii CI05 Dautrnhom Essex RMIO 9rA . 2024
THE REDEEMED CHRISTIAN CHURCH OF GOD- THE KINGS SANcfuARY STATEMENT OF FINANCIAL AcfiviTIES FOR YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Unrestrirted Fund Unrestricted Fund INCOME Donations and Legacies Income from Activities for Generating Funds 29,925 195 34,185 119 Total Income 30,120 34,304 EXPENDITURE Expenditure on Charitable Activities 26,871 27,696 Total Expenditure 26,871 27,696 Net Income/(Expenditure) 3,249 6,608 Total Funds brought forward 33,011 26,403 36,260 33,011
BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Notes Fixed assets Tangible fixed assets 3,044 3,627 Current assets Accounts receivable Cash at bank and in hand 10,040 23,726 9,990 19,896 33,766 29,886 Creditors: amount falling due within one year {550) 15001 Net current asset5lcurrent liabilitie51 33,216 29,386 Total assets less current liabilities 36,260 33,013 Creditors: amount falllng due after more than one year TOTAL NET ASSETS 36,260 33,013 RESERVES Unrestrirted Funds io 36,260 33,013
THE REDEEMED CHRISTIAN CHURCH OF GOD- THE KINGS SANcfuAY BALANCE SHEET {CONTINUED) ASAT 31 DECEMBER 2025 In preparing this financial statement.. l. The directors are of the opinion that the company is entitled to exemption from audit tsnder 5èeLion 477121 of the Companiès Act 2006 relating to small companies. 2. No noti¢e has bèen deposited under settion 476 of the Companies Act 2006 and 3. The directors acknowledge their responsibilities for,. Injuring that the ¢ompany k'eep accountins recordJ which comply with section 386 of the Companies Act 2006 and Preparing accounts which give true and fair view of the state of affairs of the compan¥ as at the end of the financial year and of it's surplus and deficit in 8tcordance with the requirements of section 396, end which otherwise Comply with the requirements of this Act relating to accounts, so far as applicable to the company. ThFs financial statement have been preparcd in accordance with the provisions applicable to companies subject to the small companie5 regiTne. Approved on behalf of the board of trStee$ on the 20 racy Gilbert Trustee Pastor Festus Azak Trustee
THE REDEEMED CHRISTIAN CHURCH OF GOD-THE KINGS SANCTUARY NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 l. Accounting Policy The principal accounting policies, all of which have been applied consistently throughout the year, are set out below.. lal Scope and basis of the financial statements The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice. 'Accounting and Reporting by Charities" ISORP 20051 issued in March 2005 Ibl Incoming Resources All income is accounted for when the Charity has entitlement to the funds, the amount can be quantified and there is certainty of receipt. Icl Resources expended All expenditure is accounted for on accrual basis Management and administration costs include management of the charity's assets. Idl Tangible fixed assets and depreciation Tangible fixed a5set5 are stated at cost and depreciated on a straight line basis over their useful economic lives. The depreciation rates applied, are as follows- Church Equipment Motor Vehicle 25% 50%
THE REDEEMED CHRISTIAN CHURCH OF GOD-THE KINGS SANcfuARY NOTES TO THE FINANCIAL STATEMENT5 Icontdl Year ended 31 December 2025 2025 Unrestricted Fund 2024 Unrestricted Fund 2. INCOME Donations and Legacie5 Donation5 Gift Aid Reclaimed 24,075 5,655 28,396 5,789 29,730 34,185 3. Income from Actlvltles for Generatlng Funds Other donations 195 119 195 119 4. Donation to others RCCG WEM & COF Festival of Life RCCG Campground Others 1,800 480 1,800 480 800 995 1,039 3,319 4,075 5. Support Cost Rent Conferences and Development costs Church programmes and events Publicity & Advertising Welfare and Charitable support Tran5POrt,1o815ti & Storage Telephone & media Book5, Printing and Stationeries Bank charges & fees Repairs, Renewals & Replacements Depreciation cost Misc Expenses 8,566 1,657 988 560 2,782 3,340 683 304 65 818 1,041 900 6,206 1,682 2,031 599 2,880 3,365 623 749 692 422 2,230 21,703 21,478 10
THE REDEEMED CHRISTIAN CHURCH OF GOD- THE KING5 SANCTLIARY NOTES TO THE FINANCIALSTATEMENTS Icontdl Year ended 31 December 2025 2025 2024 6. Governance & Management Independent Examination OtherAccountan¢y5ervice Le831 & Professional cost5 Honorarium 550 565 34 700 13 850 1.849 2,14a 7. Tan8lble Flxed Assets Church Equipmenr Total Assets Costs At 01101125 Addition5 Dlsposal At 31112125 4.049 458 4,049 458 4,507 4.507 Accumulbted Depreciation At 01101125 Depreciation forthe year Disposal At 31112125 422 1,041 422 1,041 1.463 1,463 Net Book Value At 31IIZ125 3.044 3,044 At 31112124 a,627 3.627 2024 Unrestricted Funds 2024 Unrestriued Funds Attount ReteNable Loan to Member5 10,040 9,990 9. Credltors.. amount falling due wlthln oneyear Accountancy accurals 550 sso S) 10. Movement in fund5 Opening Balance Incoming Resources Outgoing Resources 33,011 30.120 126.8711 26,403 34,304 127,6961 36.260 33,011 11. Taxation RCCG The Kin85 Sanctuary 15 now an incorporated ch3rity and 15 elisible tothe exemption therefore arises.