_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 0 _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| 1 _The Redeemed Christian Church of God Pentecost Arena Birmingham_ ## **CORPORATE INFORMATION** Charity Registered Number: 1169547 Company Limited by Guarantee Number: 09657944 **Board of Trustees** 1. Mrs Aramide Omowunmi Fatosin Member 2. Dr Oladipo Babalola Member 3. Mrs Adenike Amoshe Member 4. 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 2 _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. 3 _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 4 _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. 5 _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 6 _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**|**_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**| 7 _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**| 8 _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**||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||| 9 _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**| 10 _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.** |**Fixed Assets**
**5**
**COST**
**At 1st July 2024**
**At 30 June 2025**
**DEPRECIATION**
**At 1st July 2024**
**Charge for the Year**
**At 30th June 2025**
**NET BOOK VALUE**
**At 310th June 2024**
**Bank and Cash Balances**
**7**
**Savings Account**
**Current Account**
**Creditors- amounts failing due within one**
**year.**
**8**
**Sundry Creditor- Accounting Fee**
**RESERVES ACCUMULATIVE FUND**
**9**
**BAL BROUGHT FORWARD**
**NET INCOME FOR THE YEAR**
**TOTALS**|**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**|||| 11