Registered number 08608576 The RCCG House of Prayer for all Nations Accounts 31 December 2024
The RCCG House of Prayer for all Nations Report and accounts Contents Page Truslees Report Independent examiners report statement of Financial Activities Balance sheet Notes to the accounts Income and expenditure account
The RCCG House of Prayer for all Nations RegiSted number: 08608576 Report ofthe trustees forthe year ended 31 De¢omber 2024 Openlng slatément The Iru518es who are atso directOFS for Ihe purposes of company law. have the pleasu In presenting Ihelr reptsrt and ihe finanual slalements lor Ilw charitable company 'The RedMed Christian Church of God House of Prayer lor all Naltons. for tlje year )ded 31si December 2024. The year under review shows a 51ighl dedine in the incoming re$tyJrces froni the comparative year flguFes. However. the resulls sllll show a reasonable swplus for the year. Wè are Ihankful lor Ihe unwav&ring commitment of the p8slorate and team ol volunte6rs whlch enabled Ihg charfty lo contlnua in strength and keep up with fulfilling h¢rvi8lons. ObJe¢tlv•s and adlvltlgs The ovarall purpose of Ihè charlty t0 achleve Rs chaiitab16 obiecmves whlch hclude the fomowlng.. the advan¢ernenl olchr0sli failh Ihe assistanc¢ ol persons whg are in condition of need. suff6Ting hafdship or dlstre85, or who ar& aged or 51ck or in condllion that requiTO help. advanceinenl oleducallon of chiklren and adulis. charllable activliles for the benofrt oflhe ioGo1 ¢ornmuntty. Th8 charity malntalngd a vbrdnL InchJsSv6 and dVe placè of worship where pgople of 811 nattons are welcomèd whlle we continu¢ lo welcome local and Immediale communilies. Whllsl most ol our usu81 proarammes aThl act1v1e5 have relumed to w&p8ndomle level& we continue io operate 'hybrTd' services. whith comblne vlrtu81 and pliy31cal worshlp elemenls. Hence we contlnuo io Invosl a lol more sn financi81 ond hL¥nan re50ur¢es lo enabl& us MaIn1n an Smpactful prgsence onllne. We conlinue Io engage thg s8rvi¢es of a profession81 camera lechnkian and rn¢dia C¢)nsubianl lo help u5 wilh onllne $eNi¢e issues and enabla us achieve ¢oniinuous smoolh rrIng. We have dod5caled channets for You Tubfr. Facebook Zoom. We have expended timg arKI money lo ensurè Ihal our onllne programmes and activities are effective h) order lo relaln memborship and also add The follo1n9 PVOQTamnw alld acttwlies operational Ihroughoul Ihe ye8r under revlow. uslng vadous le¢hnology4J88ed equlpmgntand rescwcgs: Sunday school d8ss&s end worship services. Monday momng Arisè & Shine Prayer meèting Wednesday mid-week services. Moming of Joy Breakfast meeifftg Monlhty Nlghl Prayer Vigll New mnth ctoss ¢)ver prop?{ and cfMnrTwnlon servlces We intend to introduce MO Itfe eNiching programs in a proa¢tlve rn8nnerand as Ihe need anse5.
The RCCG House of Prayer for all Nations Reglstered number: 08608576 DLsring the period under review. we conlinued lo rnaintsin connection and latIOnShIp with our membgr5 and community in many Wdys. Al rnanners ol hLtman. material. moral and finanual support were made av8llable lo peop16 %¥ho fell Into difficult situation as commilted ourselve5 to demonslialing Ihe tove of our Savlour. Jesus Christ. Our Charitable acts antJ adivit*s are vsualty dong Ihrough giwng. in kind and In cash. Our act1w9$ were inilrally focused al Ihe Peop in our immediate surroundings. which hav6 now axiendod Inlo the widw workl. We supported wldows, widowefs, distssed fwnilies and those lost thelr loved ones with foodstuff and cash. We also distributed tresh food itsms. Christmas boxes and hampers during our annual 'Lun¢h wilh Jesus, program al Christmas ptiriod.lo vulnerable adulls, rough gleepets on the street and in train I lubè $14iion$ wiihln ¢offlmunity. We visil¢d rare homes to déliver liainpors and food Bluff lo staff in appre¢SaUon ol Ihe gat work they do. We also off8red biblical counselling and support lo ber¢aved famifi¢s and Ihose negaiively impacied during th¢ year. In all. Ihe yoar prosenled an opporlunily io virtualty share Ihe g05P81 ol Jesus Chri$l io a wider cofflmunily, lo Ilay fears created by Ihe difflcull 5ilv8tion of the pasl expgrience. and replacing them hope 8nd peace of the gospel ol our Lord Jesus Christ,. Flntsn¢i?I revitht In tho year under revlew. Ihe lolal income was £2367S4 12023 £2704781 and lotal ¢xpendllure was £226153 {2023 £2345336). The nel results for the years were £12601 12023 £251421, and ¢anted foard rev¢nue raserves of £58504712023 £572446)- ravaluation reserve £229766. Tho Chur¢h hgs robust budget8ry conlrois aThJ contsnue to moniior ¢osis In an olfort lo maint8in finand)I stabllily. Tho dlrKlors WIN always place emph451s on sound financlal managemenl to ensure funds èr8 properfy managed. Flnally, the dirgctors are 8811sfied th81 the financiol health of the Church 11 8Ugt81n the future 80111105 of the chaflly. Dlrectors The follovlng per80ns ¥erved a$ tryslees I directors during Ihe year Pastor A. Adesanya Pastor O. Oluwanl Pastor O. Onilade. Pastor Oyekunle Onifade This report was approved by Ihe board on 24 September 2025 and signed on its b&halF. Paslof Oyekunle Onrfade Director
The RCCG House of Prayer for all Nations Independent Examiner's Report to the Trustees of RCCG House of Prayer fo all Nations For the year ended 31 December 2024 This report on the financial slatements of the RCCG House of Prayer for all Nations for the year ended 31 December 2024. which are set out on pages 1 10 5. is in respect of an examination carried out in accordan¢e wilh the Church Accounting Regulations 2006 ('the Regulalions,) and s.145 of Ihe Charities Act 2011 I'lhe 2011 Acl'l. Respective responsibilities of the Trustees and examiner As the ¢harity Trustees of the RCCG House of Prayer for all Nations who are also directors for the purposes of company law, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act). Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitvs accounts carried out under section 145 of Ihe Charities Act 2011 I'the 2011 Act,). In carrying out my examination. I have followed the Directions given by the Charily Commission under section 145(5)Ib) of the 2011 Act. That examination includes a review of Ihe accounting records kept by the Trustees and a comparison of the accounts presenled wilh those records. It also includes consideration of any unusual items or disclosures in the financial slalements. and seeking explanations from you as trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examinerfs statement I have completed my examlnallon. I confinn in connection with my examination. no material mallers have come lo my allenlion which gives me reasonabl& cause lo believe.. 1. ae¢ounlin9 records were not kept in respect of the company as reguld by S 396 of the 2006 Act; or 2. the accounts do not accord wilh those records.. or 3. the accounts do not comply with the iequirements of s 396 of Ihe 2006 Act other than any requirement that the accounts give a 'lrug and fair view which is nol a malter considered as part of an independent examination." of 4. the a¢unt$ have not been prepared in accordance with the Charities SORP {FRS 102). I have no concerns and have come across no other mallers in connection with the examination lo which allenlion should be drawn in Ihis report in order lo enable a proper understanding of Ihe a¢¢ounts lo be reach80. J.S. Vincent 24 September 2025
The RCCG House of Prayer for all Nations Statement of financial activities for the year ended 31 December 2024 Unrestricted funds Unrestricted funds 2024 2023 Incoming rèsources 237,276 269,741 Direct charitable expenditure 1143.376 {153,207) 93.900 116,534 Fundraising and publicity Governan costs Other operating income (82.797) (92,129) Operating surplus 11,103 24,405 Profit on the disposal of tangible fixed assets Profit on the disposal of investments Gain on revalualion of investments Income from investments Interest receivable Inleresi payable 1,478 737 Surplus for the year 12,581 25,142
The RCCG House of Prdyer for all Nations RegEstered number: 08608576 Balance Sheet as at 31 Docember 2024 Notos 2024 2023 Fixed as6et5 Tangible assets 682.927 682,927 683.716 683.716 Current assets Doblors Cash at bank and in hand 24.664 134.184 158,848 28.362 144,345 172,707 Credltors: amounts lalllng due wllhln one year {4247) (18,1181 Net current as$el$ 1x601 Total asstts less current Ilabllitles 837.528 840,305 Credltors: amounts fallin9 due after more than one year (32,715) (38,093) Net assets 804,813 802.212 Capltsl and reseTves Revaluallon reserve ReBefV8S 229.766 575,027 229.766 572.446 Shareholders funds 804,793 802,212 Tha Iru5t8as are salisfied Ihal Ihg drity is enlStled lo axemptlon from Ihe requiremont lo obtain an 8udit under Ihe Charllies A¢1 2006. The member has not required Ihe company lo obtsin an audit in aGrdance wilh se¢lion 476 of Ihe Acl. The ITusle8s aCknOedge their responslbllilies for complying with the requirements of the Charslles Ad 2006 with respect to accounling recor(Is and th8 preparation of accounts. The ac¢ounts hove been propared and delivered wi ac¢Ndanc? with the speclal provlslons applicable to sn)all charities. Pastor Oyakunle Onlfade Director Approved by the board on 24 September 2025
The RCCG House of Prayer for all Nations Notes to the Accounts for the year ended 31 December 2024 1 Accounting policies Basls of preparation The accounts have been prepared under the historical cost convention and in accordance with the provisions of the Charities Act 2006, and the Charities {Accounts and Reports) Regulations promulgated thereunder. and the Statement5 of Recommended Practice issued by the Charity Commission. Unrestricted funds represent funds which are expendable at Ihe discretion of the trustees in furtherance of Ihe objects of the church and are held in the general fund. Restrlcted funds represent grants and donations receNed and tax refunds arising Ihereon, which were allocated by the donor lor specific purposes. Dlrect charttable expenditure Direct charitable expenditure includes all expenditure which is directly related to the obie¢ls of Ihe charity and compfises grants paid and costs whch are directly attributable to charitable aclivities including charitable support costs. Managoment and administration costs Management and adminislration costs represent expenditure incurred in the management of the assets of the charity, organisational administration and compliance with constitutional and other statutory requiiements. None of Ihe Trustees received any remuneration, nor were paid expenses in the year ended 3111212022. Grants and donations There were no accruals for these items at the year end Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all langible fixed assets. other than freehold land, at rates calculated to write off the cost, less estimated residual value. of each asset evenly over its expected useful life, as follows.. Equipment and motor vehicles Fixtures, fittings. tools and equipment 20% reducing balance basls 20% reducing balance basis 2 Incoming resources 2024 2023 Unrestricted donations and gift aid tax re¢laimable 237276 237276 269741 269741
The RCCG House of Prayer for all Nations Notes to the Accounts for the year ended 31 December 2024 3 Tangible fixed assets Land and buildings Motor vehicles Equipment Total Cost At 1 January 2024 Addition5 At 31 Oecember 2024 676.000 16,934 1,600 18.534 2,507 695,441 1,600 21,041 676.000 2.507 Depreciation At 1 January 2024 Charge for the year At 310ecember 2024 9,218 1,863 11.081 2,507 526 3,033 11,725 2.389 14,114 Net book value At 310ecember 2024 676.000 7.453 {526 682.927 At 31 De¢ember 2023 676.000 7.716 683,716 Freehold land and buildings: 2024 2023 Hlstorical cost 676.000 676.000 676,000 676.000 146-148 Albert Road, Widnes. WA8 6LG and 212 Warrington Road, Widnes, WA8 OAX were valued by BA Commercial, Chartered SuNeyors. 2 Friarsgate, Chester, CH1 1XG - report dated 0310212020 using RICS market valuation bases. 151-155 Garioch Road. Scotland. G20 8RH and 22 St. James Street. Paisley, PA3 2JR were valued by DM Hall LLP, Chartered Surveyors. 17 Cortstorphine Road, Edinburgh, EH12 6DD - report dated 0410212020. The inspection, report and valuation were in accordance with the current practice statements, guidance notes and appendices of the latest edition of the RICS Valualion Standards (the "Red Book"). 4 Debtors 2024 2023 Sky-Garden deposit Gift aid tax recoverable 4,153 20,511 24,664 4,753 23.609 28,362 Amounts due after more than one year included above
The RCCG House of Prayer for all Nations Notes to the Accounts for the year ended 31 December 2024 S Creditors: amounts falling due within one year 2024 2023 Provision for pension costs Trade credilors Other taxes and social security costs Other creditors 10,000 2.740 483 2,895 16,118 3.684 563 4,247 6 Creditors: amounts falling due after one year 2024 2023 Bank108ns 32.715 32,715 38,093 38,093 7 Revaluation reserve 2024 2023 At 1 January 2024 229,766 229,766 At 31 December 2024 229,766 229,766 2024 2023 8 Unrestricted funds General funds Surplus for the year Provision for pension costs 572.446 12,581 {10.000) 575,027 547,304 25,142 572,446 10 Olher information The RCCG House of Prayer for all Nations is a private company limited by guarantee and incorporated in England.
The RCCG House of Prayer for all Nations Income and expenditure account for the year ended 31 December 2024 This schedule does not form part of the statutory accounls 2024 2023 Incoming resources Unrestricted funds Donations eligible for gift aid Income tax recoverable Other donations and grants Other operating income 82.044 20,511 67,176 67,545 94,436 23,609 86.892 64,804 237,276 269.741 Direct charilable expenditure Honoraria Service and Sunday school expenses HW management and volunteer expenses Church renl Shuttle bus and Iravel costs Welfare & CSR utiililies Repalrs and renewals Training. retreat and conference costs Charitable giving and support RCCG WEM 350 10,916 1.230 7,429 1.010 34,983 2,963 855 7,225 9,192 3,526 21,379 8,213 2,449 21,000 31,753 153,207 35,000 4,308 1.300 6,627 3,739 4,639 11,413 5,343 3,233 21,120 35,388 143 376 Insurance costs Salaries Man$8 Other employee costs Admin staff salaries and ¢osts Penslons 18,861 2.159 21.020 15,507 14,207 29.714 Premises costs Rent and rates Cleaning and refuse disposal 25,000 1.970 2,464 8,273 3,000 40,707 23.394 1,481 2,958 12.075 4,540 44,448 Repairs and renewals Centre insurance GOv&M8n costs Telephone and web costs Printing, postage and other office supplies Bank and finance charges Asset insurance Employers liability insurance Accountancy fees Adve$1ng and PR other legal and professional Depreciation 2,525 191 877 2,870 495 3,728 366 7,629 2,389 21,070 2.076 88 1,344 1,804 1.264 1,681 287 6,g68 2,455 17,967 82.797 other operating income Other income
The RCCG House of Prayer for all Nations Corporation tax computation Tax reference Period beginning Period ending Accounts period beginning Accounts period ending 1101124 31112124 1101124 31112124 Adjustment of tradlng profits Profit before tax per the accounts Add back disallowable expenses Donations Depreciation and (profit)Iloss on sale of assets Other Capital allowances Add back dividends payable on non-equity shares included in interest payable Deduct non-trading income Interest receivable Property income Other income not taxable 12,581 2,389 (1,478) Other adjustments Finance lease adjustments Leased cars Other operating lease adjustments Adjusted trading profit 13,492 Taxable profits Trading prof it Charity relief Losses utilised 13,492 (13,492) Interest receivable Charity relief 1,478 1,478 Rental income Net chargeable gains Less: qualifying donations to UK Charities Taxable profit Days in accountlng perlod falling in each tax year Days falling in tax year Days in year 90 275 365 Tax year 2023 2024 365 Corporation tax payable Taxable profit Tax year 2023 2024 Tax rato 19Yo 19Yo Corp Tax Corporation tax payable