THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE ANNUAL ACCOUNTS For the year ended 31 December 2025 ## 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 |**Adminstrative details of the charity**|**1**| |---|---| |**Trustees' Report**|**2-5**| |**Independent Examiners Report**|**6**| |**Statement of Financial Activities**|**7**| |**Balance Sheet**|**8**| |**Notes to the Financial Statements**|**9-11**| ## THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025 |General Overseer|Pastor E A Adeboye| |---|---| |Trustees|Mr Kolawole Abayomi Oyedele| ||Dr Alexander Adeojo Oluwasakin| ||Mrs Adebisi Onyeoji| ||Mr Abidemi Kazeem Ajadi| |Minister In Charge|Pastor Adeyemi Ajayi| |Charity registration no|1157177| |Principal Office|2 Lord Morris Drive| ||Manchester| ||M23 0GX| |Independent Examiner|Kayode Idowu| ||KAYAJ&CO LTD| ||Chartered Accountants| ||34 Padbury Way| ||Bolton| ||Manchester| ||BL2 5DQ| |Banker|National Westminster Bank| **Page 1** # THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE ## **TRUSTEES' REPORT** ## **FOR THE REAR ENDED 31 DECEMBER 2025** The Trustees present their annual report together with the financial statements of the Redeemed Christian Church of God, Christ for Life (the charity) for the year ended 31 December 2025. The Trustees confirm that the annual report and financial statement of the charity comply with the current statutory requirement, the requirement of the charity's governing document and the provisions of the Statement of the Recommended Practice (SORP) "Accounting and Reporting by Charities" preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued 16 July 2014. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **A. CONSTITUTION** The Church is constituted under a Trust Deed dated 17 March 2014 ## **B. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES** The mangement of the Charity is the responsibility of the Trustess who are appointed and co-opted under the Trust deed. ## **C. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES** The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chairman and other Trustees, follow by a series of short meetings with the Minister in Charge on the power and responsibilities of the Trustees. ## **D. ORGANISATIONAL STRUCTURE AND DECISION MAKING** The Church is organised so that the trustees meet regurlary to manage its affairs. The day-to-day administration of the Church is managed by the parish Pastor and volunteers. ## **E. RELATED PARTY RELATIONSHIPS** Christ for Life parish is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes". ## **F. RISK MANAGEMENT** The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. ## **G. GRANT MAKING POLICY** The Church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission (WEM) Festival of Life and other RCCG programmes. The Church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The Church gives occasional help in form of finance to congregational members who are in need. ## **Page 2** ## **TRUSTEES' REPORT FOR THE REAR ENDED 31 DECEMBER 2025** ## **OBJECTIVES AND ACTIVITIES** ## **A. POLICIES AND OBJECTIVES** The objectives of the church are: The advancement of the Christian faith worldwide The relief of poverty. Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commision's general guaidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit. ## **B.STRATEGIES FOR ACHIEVING OBJECTIVES** The Church has adopted the following strategies for achieving the above objectives: - Organisation of seminars and events to address issues of relevance to the relief of poverty and provision of care and support for the needy as appropriate. - Planting of churches and - Support for other charities and events with similar objectives. - Social action initiatives in the community ## **C. ACTIVITIES FOR ACHIEVING OBJECTIVES** The main activities of the church are as follows: - Sunday service - Sunday school for all ages of children - Weekly night Bible Studies and house fellowship at various centres ## **D. VOLUNTEER MANAGEMENT** The Church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration. ## **E. INVESTMENT POLICY AND PERFORMANCE** The trustees have decided that at present, fund should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts. ## **F. VULNERABLE BENEFICIARIES** The Church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers, employees and trustees have the right checks and assessments before they can work with a church. Safeguards are in place to protect vulnerable people from abuse, and prevent abuse happening in the first place. ## **G. CONFLICT OF INTERESTS** No trustee is in a position where their duty as a trustee will conflict with any personal interest they may have. ## **H. COMPLAINTS HANDLING** We are committed to ensuring that people have all necessary support required to make a complaint. Compalints are accepted verbally or in writing, and can be formal or informal. Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made. **Page 3** ## **TRUSTEES' REPORT FOR THE REAR ENDED 31 DECEMBER 2025** ## **ACHIEVEMENTS AND PERFORMANCE** ## **A. REVIEW OF ACTIVITIES** The Church undertook the following activities: 1. Prayer Conference 2. Monthly Evangelism 3. Community Activities 4. Charitable Activities 5. Poverty Alleviation Activities Page 4 ## **TRUSTEES' REPORT FOR THE REAR ENDED 31 DECEMBER 2025** ## **FINANCIAL REVIEW** ## **A. RESERVE POLICY** The church continue to experience a significant growth in 2025 financial year and members continue to generous. The church is reporting a defict for the year of **(£29, 292)** which is a decrease from 2024 position. The church successfully purchase a permanent place of worship in July 2025 and engange in massive repairs exercise to make the property attractive to worshipers. The net assest for the year stand at £126,339. The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ("the free reserves") held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding. ## **B. PRINCIPAL FUNDING** This is provided mainly through voluntary donations, tithes and offerings by the church members. ## **PLANS FOR THE FUTURE** ## **A. FUTURE DEVELOPMENTS** The church successfully purchase a permanent place of worship and massive repair work is underway to make the building attaractive to worshippers. There is also plan to open other centre of the church as the year progresses. ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: - Select suitable accounting policies and apply them consistently. - Observe the methods and principles in the Charities SORP. - Make judgements and estimates that are reasonable and prudent. - State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accruacy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for lacking reasonable steps for the prevention and detection of fraud and other irregularities. The report was approved by the Trustees on the ------ of ------ 2026 and signed on their behalf by: Mr Kolawole Abayomi Oyedele ## **Page 5** ## **INDEPENDENT EXAMINER'S REPORT FOR THE REAR ENDED 31 DECEMBER 2025** I report on the accounts for the year ended 31 December 2025 set out on pages 7 to 11 ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. It is my responsibility to: - Examine the accounts under Section 145 of the 2011 Act - To follow the procedures laid down in the General Direction given by the Charity Commission (under Section 145(5)(b) of the 2011 Act) and - to state whether particular matters matters have come to my attention. ## **Basis of the Independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commision. An examination include 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 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 view" and the report is limited to those matters set out in the statements below. ## **Independent examiner's 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 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion,attention should be drawn in order to enable a proper understanding of the accounts to be reached. Kayode Idowu KAYAJ&CO Ltd Chartered Accountants 34 Padbury Way Bolton BL2 5DQ ## **Page 6** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 12 2025** |Notes
INCOME RESOURCES
Incoming resources from generated funds
Voluntary Income
2
Total Incoming resources
RESOURCES EXPENDED
Charitable activities
Resources expended on charitable activities
3
Governance costs
4
Surplus/(deficit) for the year|2025
Unrestricted
Funds
£
142,568
142,568
27,886
143,975
171,860
-29,292|2024
Unrestricted
Funds
£
151,015| |---|---|---| |||151,015| |||33,088
77,841| |||110,929| |||| |||40,087| ## **Page 7** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 12 2025** ## **BALANCE SHEET AS AT 31 DECEMBER 2025** |Notes
**FIXED ASSETS**
Tangible assets
**CURRENT ASSETS**
Cash at bank
Debtors
6
**CREDITORS**
Amounts falling due within one year
7
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
**CREDITORS**
Amounts falling due after more than one year
**NETS ASSETS**
**FUNDS**
Unrestricted funds:
General fund|2,024
Unrestricted
Funds
£
302,291
6,995
25,877
32,871
-7,442
25,429
327,720
-201,381
126,339
126,339|2,024
Unrestricted
Funds
£
13,074| |---|---|---| |||139,843
28,675| |||168,517
-606| |||167,911| |||180,986
-25,355| |||| |||155,631| |||155,631| TOTAL FUNDS 126,339 155,631 The financial statements were approved by the Board of Trustees on the ------ of ----- 2026 and were signed on its behalf by: ON BEHALF OF THE BOARD: ------------------------------------------------- Mr Kolawole Abayomi Oyedele Chairman **Page 8** ## **REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE** ## **Notes to the Financial Statements 31-Dec-25** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention and in accordance with the statement of recommended practice: Accounting and Reporting by charities preparing their accounts in accordance with the Financial Reporting applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with Charities Act 2011 ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quatified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for an accruals basis and has been classified under the headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discrection of the trustees. Restricted funds can only be used for particular restricted purpose within the object of the charity Restriction arises when specified by the donor or when funds are raised for particular restricted purpose. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. **VOLUNTARY INCOME** **2** **2025** **4** **£** |Total Doanation received (Tithe, offering and Thanksgiving)
Gift aid relaim on donation
Bank Interest received
Other donation outside above|106,893
26,000
787
8,889| |---|---| ||142,568| **Page 9** ## **REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE** ## **Notes to the Financial Statements 31-Dec-25** ## **3** ## **CHARITABLE ACTIVITIES COSTS** Direct Costs |Donations
Honorarium
Welfare
WEM
Resources expended on charitable activities
GOVERNANCE COSTS
Rent & Rates
Postage & stationery
Insurance
Repairs and maintenance
Accountancy fees
Travel & accomodation expenses
Mortgage expenses
Light & heat
Subscription
Advertising & Marketing
Training
Telephone & Internet
Paypal Charges|2025
£
-
4,000
14,781
9,105| |---|---| ||27,886| ||2025
£
24,634
1,017
467
46,795
1,115
4,268
-
3,005
1,078
220
1,526
4,000
26| |Church running expenses
Software
Instruments/equipment
Finance charges
Depreciation
Pastoral expenses
Books & Journals|-
5,391
19,275
7,193
20,019
2,400
1,547| |---|---| ||143,975| **5 .** ## **TRUSTEE'S REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2025. There were no trustees expenses paid in the year ended 31 December 2025. ## **Page 10** ## **REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE** ## **Notes to the Financial Statements 31-Dec-25** **6 .** **7 .** **8 .** ## **DEBTORS** |Gift aid recalim
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued Accountancy fee 2024
WEM
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Loan: Lendable Ltd
Stewardiship- Mortagage
Grenkee- Air conditional
**TANGIBLE ASSETS**
Equipment
Furniture
Building
Total
£
£
£
£
**COST**
At 1 January 2025
44,581
758
276,970
322,309
Additions
-
-
-
At 31 Dec 2025
44,581
758
276,970
322,309|2025
£
25,877| |---|---| ||25,877| ||2025
£
605
6,837| ||7,442| ||2025
£
19,837
152,999
28544.72| ||201,381| ||| ## **DEPRECIATION** |At 1 January 2025
For the year
At 31 Dec 2025
At 31 Dec 2025|-
0
-
11,457
253
8,309
20,019| |---|---| ||11,457
253
8,309
20,019| ||| ||33,124
505
268,661
302,290| ## **MOVEMENT IN FUNDS** |**MOVEMENT IN FUNDS**|||| |---|---|---|---| |||Surplus/(deficit|Closing| ||As at:|) in year|Balance| ||31.12.24||31.12.25| |Unrestricted funds|£|£|£| |General fund|155,631|29,292
-|126,339| **Page 11**