THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE ANNUAL ACCOUNTS For the year ended 31 December 2024 CHARITY NO 1157177 KAYAJ&CO LTD Chartered Accountants 34 Padbury Way Bolton Manchester BL2 5DQ THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE CONTENTS Admlnstratlve detalls of the charlty Trustees. Report 24 Independent Examlners Report Statement of Flnanclal Activities Balance Sheet Notes to the Flnanclal Statements THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE ADMINISTRATIVE DETAILS OF THE CHARir(, rrs TRUSTESS AND ADVISER8 FOR THE YEAR ENDED 310ECEM8ER 2024 Gonernl Ovor888r Pa8lor E A Adeboy• TnMtee• Mi Kolawole Abayoml Oy8d819 Dr Alexander Adeolo OILMasakln Mr8 Adebl81 Onyeoll Mr Abldeml Kazeem Aladl Minister In Charge P08tOf Ad8yeml Alayl Charlty registratk)n no 1157177 Pfhclp81 Offlce 2 Lord Moths Drfve Manchester M23 OGX Independent EyAminer Kayode Idowu KAYAJ&CO LTD Chartered Accountant$ 34 Padbury Way Bolton Manchester BL2 SOQ Bankgr Natlonal We8lmlnster Bank Pag• 1 THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE TRUSTEES. REPORT FOR THE REAR ENDED 31 DECEMBER 2024 Trustees present Ihelr annu81 report logelher wllh the financlal stalemenl8 ol the Redeemed Chfisllan Churth of G(>J, Christ for LLle (tho charity) for Ihe year ended 31 December 2024. The Trug1o09 corfirm Ilk3t annu81 report and financial statement of the charfly comply wllh Ihe current slalutory requir8m8nt, th8 r8qulr8m8nt of the charitys governing document and the provlslons of the Stalemonl ol tho Recommervjed Practi￿ (SORP) 'Accounting arKI Reportlng by Charitles. pr8P8rfng Ihelr 8ccoun18 In accordance with Ihe Fln8nc181 ReportlTrJ StaFKlard applicable In the UK and Republlc of IrelarKI (FRS 102) Issued 16 July 2014. STRUCTURE, GOVERNANCE AND MANAGEMENT CONSTtniTION The Church Is con$t￿uted urKler a TnBt Deed dated 17 Marth 2014 . METhOD OF APPOINTMENT OR ELECTION OF TRUSTEES The mangement of the Charity Is the responsSbllity of the Trustess vtho are appolnted and ctropted urKler the Trust deed. C. POUCIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES The IrKJuction process for any newly appointed member ol Ihe Tnjstees comprises an Initlal rneelk￿ with Chairman and ottr￿r Trustees. follow by a series of short meetings with th8 Minister in Charge on tho power aThJ rasponsibilths of the Trusiees. D. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Church 1$ organised so that the trustee$ meet regurfary to manage Its affaits. Tho day-l￿daY administrdlion of the Church is managed by the parish Pastor and volunteers. E. RELATED PARTY RELATIONSHIPS Chrlsl for Life parlsh Is a member of the R8deem8d Christian Church ol God IRCCG) whlch has parfshes all over the wortd. The parSsh's relauonshlp wlih RCCG ar￿ 01t￿r parlshes Is govemed by an 'Agreement lor Common Purposes.. F. RISK MANAGEMENT The Trustees have assessed Ihe major rlsks to which the charity Is eyposed. In partlcular those related to the operatwjns and finances of th8 charity. and are satisfied that systems and procedures are in place lo mttigate our exposure to malor flsks. G. GRANT MAKING POLICY The Church supports visitiThJ ministers ol the gospel bolh wilhin and outside the United Kirodom. Support Is aiso given lo RCCG Central Office. World EvarKJelism Mlsskjn (WEM) Festival of Lrfe and other RCCG programme& The Church supports other charities and missionary Ihat shares ils objects in advancement of Christian faith and relief of povety. The Church gNes occaslonal he￿ In fomi of finance to congregatlonal members who are in need. Pag• 2 RUSTEE EPO FOR THE REAR ENDED 31 DECEMBER 2024 OBJECTfvES AND AcTwinE8 POUCIES AND OBJECTNES The oblectlves ol tho churth arn.. The 8dv8ncemenl of the Chr19118n18lth worfdwlde The relief of povety. Each ye8T our trusleès revlew our obl8ctlv85 arHI acllM118s lo ensure th8y conllnu8 Io rèflect our alms. In catyr out this review the Iru5tees have considered the Chafity Commision's general guaidanc8 on public benefrt aTrJ in partic￿ar Its supplementary public guldance on th8 8dvanc8m8nl of rellglon for the public b8r*fit. B.STRATEGIES FOR ACHIEVING OBJECTIVE3 The Church has adopted the following strategies for achlellry tho 8bove oblaclrves.. Organisation of semlnars and events to address Issues of relevance to the rellef ol poverty and provlsion of care 8rKI support for tho needy as approprfate. • Planting of churches and • Support for other charities and events wlth slmllar oblectlves. • Social action inltiatives in the communlty C. ACTMnES FOR ACHIEVING OBJECTIVES The rn8in actNltles of the church are as follows.. Sunday seryice • Sunday school for all a8es of children • Weekly night Bible Studies and house fellowshlp at varlous centres D. VOLUNTEER MANAGEMENT The Church Is gratef￿ for the unstintlng efforts of Its volunteers who are Involved In serrflce provSslon. office work and administration. E. INVESTMENT POUCY AND PERFORMANCE The tnjstees have decided that at present, fund should be retalned In bank. Any change In such banklr arran98m8nts ShO￿d be agreed by the board. As far as possible. funds will be retained in interest beariry F. VULNERABLE BENEFICIARIE8 The Church works with vulnerable group6 Including thildren and make sure users are sale arKI protected from hann. Volunteers. employees arml Iruslees have the rfght checks and assessmenls before they can work with a church. Safgguards are in place to protect vulnerable peoplo Irom abuse, and prevent abuse happenlrKJ In tho firnt place. G. CONFUCT OF INTEREST8 No tru8t80 Is In a posftlon where ihelr duty a$ a tru81ee will conlllcl wlth any P6T6onal Inleresl Ihey may havo. H. COMPLAINT6 HANDUNG We 8fe committed lo en6urfrvJ that people have 811 necessary 8UPPOrt requlr8d lo make a complalnl. Compamnls 8re arxepted verbally or In wrlung. and can be lormal or Inlomal. Anyone wlshlng lo make a complalnt will be provthd with 8 Complaint8 HarKlllng Stalement, whlch 8ummarlse8 how a complalnt about our servlce can bg made. Pag• 3 IEI•UH FOR THF REAR FNI)ED 310F.CEMHER 2024 ACHIEVEMENT8 AND PERFORMANCE REVIEW OF ACTIVITIE8 The Ctwrch und•rtook the followlng •¢llvlllo1', 1. Prftyor Conl•r•nc• 2. Monlhly Evangell$m 3. Communlly A¢llvlll•s 4. ChArllAble Acllvllle8 5. Poverty AllèvlatK)n Acll¥llle8 PaG• 4 TRU TEE ' REPOR FOR THE REAR ENDED 31 DECEMBEII 2024 FINANCIAL REVEW RESERVE POLICY The c￿￿th conllnu8 Io evirlence a slgnlflc8nl grO¥￿h In 2024 fin8nc181 y88r 8rrfJ m8mber8 cOntIn￿ lo gernrou• The cmffch reportin8 a surplu5 for the year of £40,087 whleh l• b d•cr•••• Irom Z023 poglllon (du• to oTrgolng PfoJ•ct work) and nel 8S88b 01 £155,631. The Tw5t80s hav8 ost8bllshed a pollcy wh8rnby unr88trfcl8d fufK18 not committ8d Of Inv8St8d In larolblo IIx8d a3￿t$ rthe free reser¥es') held by tho church shoLld b8 3 monlh8 of onnu81 expend11￿8. Al th18 f8vol, tho truslees fo81 Ihat it would be oblo to contlnuo the currènl act1￿1488 01 th8 church In lh8 evonl ol 0 8KJnfflcant dfop kn IwKIIry. B. PRINCIPAL FUNDING This15 pro¥rfded m8lnly tlwough voluntary tithes and off8ty8 by the chufch rn8mb8f8. PLANS FOR THE FUTURE FUTURE DEVELOPMENTS process od acurlng a pern)anent buidllrvJ for the Church h In progress and 01 an advance *• ar¥J we are alw prayl that God will help us establish 8Mlher parish. w¢th its own place of worship. We would alw like to establish a well*qulped chldren'8 church w6thffl the parlsh so that11 ¢IMldren c4n be in a comfortable enviromenl. train the volunteers arKI rninislers through various courses and sefflinars. STATEMENT OF TRUSTEES, RESPONSIBILMES The Trustees are responsible for prepariro the Trustees, report arwj the financial statements in accordat￿l with applicable law and Uniied KirvJdom Accounts'ng Stsndard$ (United Kingdom Generally Accepted Accounting Practice). The law appllcable to charlties In ErKJland & Wales requlres the Truste8S to prepare linancial statements for each finarKial year which gN8 a true and fair vlew of the state of affalrs of the charty and of the incomirKJ resources and application of ffjsources ol the ch81ity lor that pe￿0d. In prepariThJ these financial statements. the Trustees are requirod lo: Select suitable accountin8 policies and apply them conslstently. ObseNe the methods and principles in the Charitles SORP. Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accountlng Standards have been followed, Subject to any materlal departures disclosed and eyplained In the fIr￿rK￿l ststemerts. Prepare the financial statements on the golng concern ba515 unless it15 5napproprlate to presume that the charity will ccxrtir￿ In operatlon. Trustee8 are responsible for keeplrYJ proper accountltva record8 that dlsclose wlth reasonable accruacy 81 any time fK*rKial posrtlon of the charity and enable them to ensure thal the financlal 8lalemenl$ compty with the Charrties Act 2011. Try are also responsible for Baleguardlng Ihe a88918 ol the ¢harlty and hence lor lackky reasonable steps for the preventK>n and deleC￿n of fra￿j and other Irregularitie8. rewt wa8 appfoved by ts TnJstee8 on the -. of- 2025 and 81gned on Ih8lr b6hall by.. Mr KdaW0￿ Abayoml Oyedele chuirrnan. Pag• 6 FOR THE REAR ENDED 31 DECEMBER 2024 I r•port on lh• 8Cc(￿nIS for Iho year ond￿ 31 D•c8mb8r 2024 801 oul on p8981 710 11 R••yctlv• r••pon•lblllll•• ol tru•t••• •nd •i•mln•r Th• charftyi t1￿81088 arn rn8ponslbl8 for the prepor8llcM) ol Iha 8ccounl8. The charlllb Iru91888 con8klér Ih8t on oudlt18 r￿1 req￿r8d for th18 perbod {und8r Sectlon 144(21 of ChArflle• Acl 2011 (Ih8 2011 Acl) and that an Indep•nd•nl •y8mln•tlon Is r•qulrnd. 11 Is my rosponslbllrty to,. Examlne the accounts under Sectlon 145 01 the 2011 Act • To follow the procedures laid down In the General Dlrectlon 8lven by the Charlty CommSsslon lundef Sectlon 14515llbl of the 2011 Acl) and • to state whether partlcular matters matters have come to my attenllon. 8••1• of th• Ind•p•nd•nt •x•mln•e• r•port IAY ex3mination wai carried ¢wl In accordance wllh the General DlrectkJn8 glven by Ihe Charity Commlslon. An examinotk)n Indude a review of the 8ccountlThJ records kept by the charlty and a comparlson of the account8 presented wllh thoa• fecords. tt 8180 includes consKJ6rallon of any unusugl Item8 or dlsclosures In Ihe accoun18, and 80eklng eWanatM)ns from the trustees concemlry any sLKh matters. The procedures undertaken do not provlde all the evldence that would b8 requlred In an 8udlt. and consequonty no ¢)pinN)n Is gr4wn as to whother tho accounts ￿sent a 'true and falr vlew. and Ihg f8porl18 Ilmlted lo those mattern 8el wt ¥1 sletemonls below. Ind•p•nd•nt •xamln•rf• •tat•m•nt In COfThcilon wlth my •yamlnoUon. no mottor he8 eom• lo my attenllon,. (1) whlth glve• me roa8onable cau6• to bellevo Ihat, In 8ny mat8rLql respect, the requlremenl8 • to keep accountln8 records In accordance wlth Sectlon 130 of the 2011 Act; and • to prepare accounts whlch accord wlth the accountlD8 records and to comply wlth the accountln8 requiremonts of 2011 Act have been mel,. or <2) Io bthlch, In my oplnion.attenllon Should bo drown In order10 8n8bla a proper und8rnlaThllng oi it• accouni8 lo b• reached, Kayode Idowu KAYAJ&CO Ltd Charterod Accounlanli 34 Padbury Way Bolton BL2 5DQ Pag• O STATEMENT OF FINANCIAL ACTivmE8 FOR THE YEAR ENDED 31 12 2024 Nol88 2024 2023 Unreslrlclèd Funds Unfestricle d Fund9 INCOME RESOURCES Incomlr¥J resources from gener81ed lurKIs VcAuntary Income 151,015 134.284 Tot81 IneA)ming resources 151015 134,284 RESOURCES EXPENDED Charitable activitses Rèsourr*s expended on charitable aclmtles 33,088 29,147 Cthtmance costs 77,841 46,496 110.929 75,643 Surp1￿{def￿1) for year 40,087 58,641 Pago 7 STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 3112 2024 8ALANCE SHEET A8 AT 31 DECEMBER 2024 Noleg 2024 2023 Unreslflcled Fundy Unreslflcte d Fund$ FIXED ASSETS T8rKJible assets 13,074 18,332 CURRENT ASSETS Cash al bank Debtors 139,843 28,675 168,517 71,090 26,799 97,889 CREDITORS Amomts falling due w6thln one year NET CURRENT ASSETS 6(M) 97,289 167,911 TOTAL ASSETS LESS CURRENT LIABILITIES 180,986 115.621 CREDITORS Amosjits fallirvJ due after more than one year 25,355 NETS ASSETS 155,631 115,544 FUNDS Unrestricted funds: General furKI 155,631 115,544 TOTAL FUNDS 155,631 115,544 The fmanctal statements were approvod by the Board of Trustees on the- of- 2025 and were slgned on tts behalf by. ON 8EHALF OF THE BOARD: Mr Kdawole Abayoml Oyedele Chairman Pogo 8 REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE Not•8 lo th• Fln•ncl818t84t•m•nt• 31￿0¢.24 ACCIXINTING POLICIES A¢countlng conventlon The financial s181ements have been prep8red urKler Ihe hlstorlcal cost convenllon and In accordanc8 wlth the st81emenl of recommended pr8cllce'. Accounllng and Reporting by charities preparlng Ih81r 8ccounts In Bccordance wllh Financial Reporting applicable In the UK 8nd Republic ol Ireland (FRS 102) Issued on 16 July 2014 and vAlh Charities Act 2011 Incomlng re8ource• All Incomlng resources ar8 Induded on the Statement of Flnanci81 ACt￿lieS when the charlty is legally entitled lo the Income and the amount can be quatified wilh reasonable accuracy. R•sourc•s •ynd•d E>p8ndilure is accounted for 8n 8ccruals basls and has been classified under Iha headiNJs that 89gregate all costs relaled to category. Where costs cannot be direclly allributed to particular headings they have been allocated to act1￿118$ on a basls conslstent wllh the use of resources. Tax￿lon The charlty is exempt from tax on Its charltable actlvlties. Fund accountlng Unrestricted fvnds Can bè used In accordance wllh the charitabl& objectlves at the dlscreclion ol the Irustees. Restricted funds can only be used for particular restrlcted purpose wilhln the object of the charity Restriction arises vthen specified by the donor or when funds are ralsed for partlcular restrlcted purpose. Further explanation of the nature and purposa of each fund is Included in the notes to the financial 6tstements, VOLUNTARY INCOME 2024 Total Doanation recelved (Tlthe, offetlng arKI Thanksglvlng) Gift aid relaim on donation Bank Interest received Other donation outside above 99,150 28,675 1,401 21,789 151.015 Pago g REDEEMED CHR19TIAN CHURCH OF GOD CHRIST FOR LIFE Nol•• lo th• Flnanclml gtit•m•nt• 31￿&¢.14 CHARITABLE AcnviTIES COST8 Dlr8cl Co818 2024 DonatK)ns Honorarlum Welf8ro WEM 10,933 3,123 8,182 10,850 Resources eynded on charitable activttie8 GOVERNANCE COSTS 2024 Rent & Rates Postage & stationery Insurance Repairs 8rKI mainlenanco Accountsrw fees Traval & ac¢om¢xlation oypenses Mortgage e>pense$ Llght & heat Subscription Advertisirg & Mark8tiNJ Train Telephon6 & Intem81 Paypal Charges Church runnlrwj expens88 Software 1nstnJment￿ Computer equlpment Interest on loan Depreciation Pasloral expenses Books & Joumal8 20,400 198 498 1,140 5,393 654 1,411 667 19 2,195 23 9,344 5,034 5,668 410 5,257 14,127 402 TRU8TEE'8 REMUNERATK>N AND BENEFIT8 There were no tru8leefj' remuneratlon or olher beneflt8 lor the year ended 31 Decembor 2024. There wefe rK) trustees ewen6e8 pald kn the year ended 31 December 2024, Pag• 10 REDEEMED CHRISTIAN CHURCH OF OOD CHRI8T FOR LIFE Not•• to lh• FlnAnclal 8tat•monl• 314l•c.24 DEBTORS 2024 Gfft ald reullm 28,675 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 AccnKd Accountancy fee 2024 WEM 2,627 CREDrroRS: AMOUNTS FAWNG DUE AFTER MORE THAN ONE YEAR 2024 Loan.. L•nd8ble Ltd 23,333 23,333 TANGIBLE ASSETS Equlpment Fumiture Tolal COST At 1 January 2024 Addltlor 17,321 18,332 At 31 D•c 2024 17,321 I,oii 18,332 DEPRECIATION Al 1 January 2024 For the year 253 5,257 At 310ec 2024 5.004 253 5,257 At 31 Dec 2024 12.317 758 13,075 MOVEMENT IN FUND8 Surplu&lldeficit> Closjng In year Balance 31.12.24 As at.. 31,12.23 Unrestricted fund8 Gewal fLnJ 115,544 40,087 155,631 Pag• 11