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← The Redeemed Christian Church Of God Jesus Assembly

2025-04-30-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY

(Company Limited By Guarantee)

Company Reg. No: 10135680

Charity Reg. No: 1168212

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY Reports and Accounts for the period ended 30 April 2025

COMPANY REGISTRATION NUMBER IN ENGLAND AND WALES 10135680

CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1168212

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY

Reports and Accounts

CONTENTS
Charity Information 1
Trustees annual report 2-4
Accountant's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to Accounts 8-10

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY Charity Information

General Overseer

Pastor E. A. Adeboye

Directors/Trustees

Pastor Stephen Olufemi Adekoya Pastor Olatade Amos (Formerly: Sunday Ogunlowo) Pastor Funmilola Gbadeyan Pastor Olatodun Osadugba

Minister In Charge

Pastor Akintayo Aiyegbusi

Company Registration No: 10135680

Charity Registration No: 1168212

Registered Address

454A High Road Tottenham London N17 9JD

Place Of Worship 454A High Road Tottenham London N17 9JD

Bankers

Lloyds Bank 25 Gresham Street London EC2V 7HN

Accountants

Gabriel Christopher & co Suite 13, Forest House 8 Gainsborough Road London E11 1HT

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY

TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2025

The Trustees submit their annual report and the financial statements of The Redeemed Christian Church of GodJesus Assembly (the church) for the year ended 30 April 2025. The Trustees confirm that the annual report and financial statements of the church comply with current statutory requirements, the requirements of the church's governing documents and the provisions of the Statement of Recommended Practise (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Structure, governance and management

a. CONSTITUTION

The church was constituted under a company limited by guarantee under a memorandum and article of association incorporated 20 April 2016, and was registered on 14 July 2016 as a charity in England and Wales with charity number 1168212

b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS/TRUSTEES

Directors/ Trustees are elected and co-opted under the terms of the Articles of Association

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for a newly appointed member of the Trustees comprises an initial meeting with other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the directors/ trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the trustees.

e. RELATED PARTY RELATIONSHIPS

RCCG Jesus Assembly 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 church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.

Objectives and Activities

a. POLICIES AND OBJECTIVES

The objects of the Charity are:

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

*support for other charities and Christian events.

Page 2

C. ACTIVITIES FOR ACHIEVING OBJECTIVES

*Community Outreach Events

*Confrences and events

*Welfare support to members and general public, and

*Various missionary activities

The Charity was involved in the following public benefit efforts:

d. GRANT MAKING POLICIES

Under the Common Purposes Agreement (see above), RCCG Jesus Assembly has agreed to make contributions to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation who are in need. This is done at the discretion of the trustees.

e. VOLUNTEERS

The church is grateful for the efforts of its volunteers who are involved in service provision, it is estimated that over 700 volunteer hours were provided during the year. If this is conservatively valued at £15.00 an hour the volunteers' efforts amounts to over £10,500.00

Achievements and performance

a. REVIEW OF ACTIVITIES

We have had tremendous growth in the physical and spiritual life of the church during the year and in the advancement of the Christian Faith in accordance with the doctrines set out in the Statement of Faith as contained in the article.

b. INVESTMENT POLICY AND PERFORMANCE

The Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

FINANCIAL REVIEW

The charity's financial statement for the year ended 30 April 2025 shows a net increase in fund of £5,901 (2024: £9,924 increase).

The value of the charity's net assets at 30 April 2025 was a surplus of £11,629 (2024:a surplus of £5,728)

a. RESERVES POLICY

Reserves Policy

The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.

b. PRINCIPAL FUNDING

This is provided mainly through voluntary giving of tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.

Page 3

PLANS FOR FUTURE

a. FUTURE DEVELOPMENTS

The church continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life- changing impact in society.

Trustees' Responsibilities in Relation to the Financial Statements

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations.

The Charities Act 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 surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:

c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.

d) 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, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the Board of Trustees and signed on their behalf by:

Signature: OlatadeAmos

Name: Olatade Amos

Date: 18-Jan-26

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY

I report on the accounts of the Trust for the period ended 30 April 2025, which are set out on pages 6 to 10.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 Accounts, 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 I do not express an audit opinion on the view given by the Accounts.

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 any material respect the requirements:

  2. to keep accounting records in accordance with section 41 of the Act, and

  3. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.

Have not been met: or

  1. To which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.

A G Oyewole FCCA

Gabriel Christopher & co Chartered Certified Accountants Suite 13, Forest House 8 Gainsborough Road London E11 1HT

Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY Statement of Financial Activities for the year ended 30 April 2025

2025 2024
Notes Unrestricted Restricted Total Total
£ £ £ £
Incoming Resources
Incoming resources from generated funds:
Voluntary income:donations 2 249,069 - 249,069 262,265
Activities in furtherance of the charity - - - -
objects - - - -
Total Incoming Resources 249,069 - 249,069 262,265
Resources Expended
Charitable activities 4 234,036 - 234,036 245,595
Governance costs: 3 9,133 - 9,133 6,746
Total Resources expended 243,169 - 243,169 252,341
Net Incoming/(Outgoing) Resources for the year 5,901 - 5,901 9,924
Total funds at 1 May 2024 5,728 - 5,728 (4,196)
Transfer between funds - - - -
Total funds at at 30 April 2025 6 11,629 - 11,629 5,728

All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY Balance sheet as at 30 April 2025

Notes
FIXED ASSETS
Tangible Fixed Assets
7
CURRENT ASSETS
Debtors
8
Cash in Hand/ Bank
CREDITORS:
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS:
Amount falling due more than a year
10
NET ASSETS
ACCUMULATED FUNDS
Restricted
11
Unrestricted
11.1
TOTAL FUNDS
Amount falling due within a year		 £
8,401
8,565		 2025
£
24,024
24,024
(25,038)
(8,072)
15,952
(4,324)
11,629
-
11,629
11,629		 2024
£
22,519
22,519
12,701
6,350
16,966 19,051
(27,537)
(8,486)
14,033
(8,305)
5,728
-
5,728
5,728

a) For the year ending 30 April 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

b) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

c) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved by the Trustees and Signed on their behalf:

Signature: OlatadeAmos Name: Olatade Amos Date: 18-Jan-26

Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY Notes to the financial statements for the period ended 30 April 2025

ACCOUNTING POLICIES

1.1 Basis of preparation of accounts

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2007).The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Church for particular purposes. The cost of raising and administring such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.

1.3 Incoming resources

These are recognised in full in the Statement of Financial Activities in the period in which they are received Included are income from tithes, offerings, gift aid and interest received during the year from investments and accounted for as restricted or unrestricted-funds.

2. Voluntary Income: Donations
Tithes & Offerings
Other Donations
Gift Aid
3. GOVERNANCE COSTS
Legal & professional fees
Depreciation		 2025
£
219,672
6,049
23,348
249,069
2025
£
3,859
5,274
9,133		 2024
£
155,112
68,826
38,326
262,265
2024
£
1,803
4,943
6,746

Page 8

4.CHARITABLE ACTIVITIES- (Direct charitable expenditure Unrestricted)

This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.

World Evangelical Mission
Central Office
Camp ground contribution
Conferences, Retreat & Travelling Expenses
Regional and provincial dues
Insurance
Food Hub and welfare expenses
Visiting speakers expenses
Children/Youth Outreach
Religious books and items
Choir Expenses
Staff Costs
Employer's NIC
Pension cost
Rent & Rates
Software, Copyright Licence
Telephone & fax & internet
Printing, Postage & Stationeries
Motor Expenses
Subscription
Cleaning, health and safety
Repairs and maintenance
Bank charges & interest
4.1 NET MOVEMENT IN FUNDS FOR THE YEAR
The net movement in funds for the year is stated
after charging
Depreciation of tangible fixed assets
Legal & Professional fees		 2025
£
2,400
600
1,225
4,767
-
1,182
46,864
1,850
799
1,822
1,800
89,193
6,743
745
57,374
1,083
1,103
3,920
4,022
163
-
4,874
1,507
234,036
2025
£
5,274
3,859
9,133		 2024
£
2,600
650
2,000
12,366
800
4,855
42,985
1,200
2,971
1,525
4,851
92,321
6,566
1,504
47,792
1,600
2,255
1,588
10,754
1,448
84
1,588
1,293
245,595
2024
£
4,943
1,803
6,746

5.DEPRECIATION

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Church & office equipment 18% reducing balance

6. FUNDS
At 1 May
Surplus/(Deficit) for the year
At 30 April		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
£
5,728
-
5,728
4,196
-
5,901
-
5,901
9,924
11,629
-
11,629
5,728

Page 9

7. FIXED ASSETS

Musical
Equipments
Furniture,
Fixtures &
Fittings
Total
£
£
£
Cost
At 1 May 2024
37,627
5,008
42,635
Additions
6,779
-
6,779
At 30 April 2025
44,406
5,008
49,414
Depreciation
At 1 May 2024
18,180
1,936
20,116
Charge for the year
4,721
553
5,274
At 30 April 2025
22,900
2,489
25,389
Net Book Value
At 30 April 2025
21,505
2,519
24,024
At 30 April 2024
19,447
3,072
22,519
8. DEBTORS
2025
£
Members Loan
8,401
Others
-
8,401
9.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
£
Accruals
990
Other creditors
24,048
25,038
10.CREDITORS:AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
£
Bank Loan
4,324
-
4,324		 2024
£
12,701
-
12,701
2024
£
990
26,547
27,537
2024
£
8,305
-
8,305

11. UNRESTRICTED FUNDS

These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.

11.1 RESTRICTED FUNDS

Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.

Page 10