2025-06-30-accounts - The Redeemed Christian Church Of God Pentecost Arena Birmingham

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The Redeemed Christian Church of God Pentecost Arena Birmingham

THE REDEEMED CHRISTIAN CHURCH OF GOD PENTECOST ARENA BIRMINGHAM

FINANCIAL STATEMENT FOR THE YEAR ENDED 30[TH] JUNE 2025

The Redeemed Christian Church of God Pentecost Arena Birmingham

THE REDEEMED CHRISTIAN CHURCH OF GOD

PENTECOST ARENA BIRMINGHAM

FINANCIAL STATEMENT FOR THE YEAR ENDED 30[TH] JUNE 2025

CONTENT	PAGE
Corporate Information	2
Accounting Policies	3
Independent Examiner’s Report	4
Board of Trustee’s Report	5-6
Financial Statements	7-11

The Redeemed Christian Church of God Pentecost Arena Birmingham

CORPORATE INFORMATION

Charity Registered Number: 1169547 Company Limited by Guarantee Number: 09657944 Board of Trustees

Mrs Aramide Omowunmi Fatosin Member
Dr Oladipo Babalola Member
Mrs Adenike Amoshe Member
Dr Gabriel Oyeniyi Oludare Chairman .

Pastor/Minister in Charge

Pastor Simeon Oluwasanmi

Registered Office

33 ST. MARKS STREET

BIRMINGHAM.

B1 2UH

Bankers:

BARCLAYS BANK BIRMINGHAM

Accountants:

Heritage Accounting Services

27, Cleveland Street Wolverhampton WV1 3HT

The Redeemed Christian Church of God Pentecost Arena Birmingham

FINANCIAL STATEMENT FOR THE YEAR ENDED 30[th] JUNE 2025

ACCOUNTING POLICIES

Scope and Basis of the financial statements

The accounts 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” published in March 2007.

The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £49,215 and had a surplus of £6,371 during the year.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises.

Majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets are stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and Fittings 25%

Cash Flow statement

The financial statements do not include a cash flow statement as charity has taken advantage of the exemption from preparing such a statement that are available to smaller entities.

Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

The Redeemed Christian Church of God Pentecost Arena Birmingham

Independent Examiner's report to the Board of Trustees- The Redeemed Christian Church of God Pentecost Arena Birmingham on the preparation of the unaudited statutory accounts for the year ended 30 June 2025

To assist you to fulfil your duties under the Companies Act 2006 and Charities Commission, we have prepared for your approval the accounts of The Redeemed Christian Church of God, Pentecost Arena Birmingham for the year ended 30 June 2025 as set out on pages 10-13 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Trustee of The Redeem Christian Church of God Pentecost Arena Birmingham as a body, in accordance with the terms of our engagement.

Our work has been undertaken solely to prepare for your approval the accounts of The Redeemed Christian Church of God Pentecost Arena Birmingham and state those matters that we have agreed to state to them, as a body, in this report.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Redeemed Christian Church of God Pentecost Arena Birmingham and its Board of Trustee as a body for our work or for this report.

It is your duty to ensure that Redeemed Christian Church of God Pentecost Arena Birmingham has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position of Redeemed Christian Church of God.

HERITAGE ACCOUNTING SERVICES 27 CLEVELAND STREET WOLVERHAMPTON WEST MIDLANDS WV1 3HT

15 November 2025

The Redeemed Christian Church of God Pentecost Arena Birmingham

Board of Trustee’s Report

The Trustees and Directors confirm that the annual report and financial statements of the Charity comply with the Charities Act 1993, as amended by the Charities Act 2006, and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005. The Management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust. The organisation of the charity is controlled by the Trustees.

Constitution Policies

The objective of the charity is the advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule 2.2.2 and the relief of poverty 2.3. The trustees use the income and the capital of the trust in promoting the objectives.

Objectives of the Charity, Principal Activities and Organisation of our Work

The Redeemed Christian Church of God Pentecostal Arena Birmingham is a community-based Christian charity involved in holding Christian worship services and activities, preaching the gospel of Jesus Christ, and reaching out to the community on Christian faith related matters as well as other programmes that are beneficial to the public. We are also involved in providing counselling to our members and helping those having financial challenges aimed at relief of poverty.

The principal activities of the Church are Christian worship, Christian outreach programme to increase Christian awareness and spread of the gospel of our Lord Jesus Christ and development of the whole man, spiritually, mentally, and physically.

Development, Activities Outreach Ministry and Achievements in the year

The charity’s main activities are tailored towards developing both the physical and spiritual needs of members and the public in the local community. The public also have opportunity to benefit through our internet and social media platforms. During the year, the charity organised various workshops, outreaches and interactive sessions open to members and the public such as:

The Trustees are pleased to report that the church continues to be successful by ministering to many people in prayers and welfare. The church also continues to grow in membership strength so much so that the currently rented place of worship it’s been using at The Sanctuary, Tangmere Drive, Castle Vale B35 7PX, since its inception is becoming too small to accommodate parishioners, especially on Sundays. As a result, the church is actively looking for a bigger and more suitable building/premises of its own.

The Redeemed Christian Church of God Pentecost Arena Birmingham

The church is also more able to reach out to the community as well as carry out many of its community-based activities which were seriously curtailed during the covid-19 pandemic.

This report was approved by the Board of Trustee on 25 November 2025

Dr Gabriel Oludare

Chairman, BOT

The Redeemed Christian Church of God Pentecost Arena Birmingham

*REDEEMED CHRISTIAN CHURCH OF GOD* *PENTECOST ARENA BIRMINGHAM* ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 *FINANCIAL STATEMENTS-INCOME AND EXPENDITURE ACCOUNT.* 2025 INCOMING RESOURCES NOTES Unrestricte d Restricte d GENERAL RESOURCES Funds Fund £ £ Donations 1 51,901 Other Receipts 1,635 2,050 Total Income 53,536 2,050 EXPENSES Administrative and Charitable Activities 2 Total Expenses Net Income**	Total £ 51,901 3,685	Total £ 51,901 3,685



				2024
			Unrestricte d
			Funds
					£
					44,649
					27,016
53,536 2,050	55,586				71,665
	49,215 49,215

					50,271
					50,271
		6,371
					21,394

The Redeemed Christian Church of God Pentecost Arena Birmingham

*REDEEMED CHRISTIAN CHURCH OF GOD*
*PENTECOST ARENA BIRMINGHAM*
ACCOUNTS FOR THE YEAR ENDED 30 JUNE
2025
*FINANCIAL STATEMENTS-BALANCE SHEET***			2025	2024
	NOTES		£	£
FIXED ASSETS		5	3,863,	5,113
			3,863	5,113
CURRENT ASSETS
Cash at Bank / Hand		7	141,751	134,130
CREDITORS
Sundry Creditor		8	425	425
Amount due within one year			425	425
NET CURRENT ASSETS			141,326	133,705

ASSETS			145,189	138,818
LONG TERM LIABILITIES (CREDITORS)
Amount due after more than one year
RESERVES
Unrestricted Funds			138,818	117,425
Net income for the year			6,371	21,393
ACCUMULATED FUND			145,189	138,818

The Redeemed Christian Church of God Pentecost Arena Birmingham

REDEEMED CHRISTIAN CHURCH OF GOD

*PENTECOST ARENA BIRMINGHAM* ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2025 *FINANCIAL STATEMENTS-NOTES TO THE ACCOUNTS* NOTES DONATIONS 1 Tithe Offering Thanksgiving TOTAL OTHER RECIEPTS Interest on Savings Gift Aid Receipts Building Fund-Restricted Total Income Generated DIRECT EXPENSES 2 Rent and Rates Sundry Payments Travel and Subsistence Resources-Books and Manuals Training Multimedia Printing & Stationery Repairs and Maintenance Honorarium Pastorate Music and Media**		2025 £ 37,837 11,865 2,199 51,901 1,635 - 2,050 55,586 £ 14,956 1,255 2,466 - 3,100 1,064 175 2793 800 1,376 1,790	£



					2024
					£

					30,216
					12,505
					1,928
					44,649

					1,557 16,834
					8,625
					71,665



			10,823 505 1,885 720 718 1,534 914 3,514 2,000 1,566 1,481

The Redeemed Christian Church of God Pentecost Arena Birmingham

TOTAL DIRECT EXPENSES EXPENSES- CHARITABLE ACTIVITIES Donations - World Evangelistic Mission 9,051 Central office Fund 600 Volunteers 2,500 Mission and Outreach 100 Depreciation 1,250 Welfare 5,516 TOTAL CHARITABLE EXPENSES OTHER EXPENSES Professional Fees- Accounting 425 TOTAL OPERATING EXPENSES	29,773 4,000 8,861 600 2,000 3,706 4,519 19,017 425 49,215	25,660








		23,686


		925

		50,271

The Redeemed Christian Church of God Pentecost Arena Birmingham

Taxation 4 RCCG Pentecost Arena Birmingham is a registered charity and is eligible for the exemptions from taxation available to Charities on their charitable activities. No charge to taxation therefore arises.

Fixtures & Fittings £ 5,625	Motor Vehicle £ £ 9,200	Total
		£
		9,200

5,625	- 9,200	14,825
2,812 250	6,900 1,000
		9,712
		1,250
3,062	- 7,900	10,962

2,563	- 1,300	3,863
131,112 3,018

134,130
425
425
117,425 21,393
138,818