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2025-08-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD "RCCG" LIVING PRAISE PARISH

Report and Financial Statements

For the Year ended 31 August 2025

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH

PROJECTED REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 August 2025

Contents Page
Officers and professional advisers 2
Independent auditors’ report 8
Notes to the accounts 11

1

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 August 2025

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

VINCENT OPEOLUWA DINA Michael OLAWEPO GRACE MODUPE OLAWEPO CHUKWUMA ANSELM OKOJIE

REGISTERED OFFICE

25 Elm Drive Leeds England LS14 6FQ

BANKERS

LLOYDS/TSB BANK

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

CHARITY COMMISSION REGISTERED NUMBER 1182943

2

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 August 2025

The Trustees, for the purposes of the Charities Act 1993 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 31 August 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the Charity. The Charity is governed by a Memorandum and Articles of Association.

PRINCIPAL ACTIVITIES, AIMS AND ORGANISATION OF THE CHARITY

The principal activities of the charity continue to be the provision of religious activities, church services, counselling, seminars and other community-based services. The objects of the trust ("the objects") are:

1) The advancement of Christian faith in United Kingdom and worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule.

2) The relief of poverty.

THE MAIN ACHIEVEMENTS OF THE ORGANISATION DURING THE PERIOD WERE:

  1. Quarterly family services to discuss family issues to help families understand their responsibilities in the community.

  2. Annual variety services where we encourage talents shows ranging from acting, dancing and singing in the community.

  3. Back to school fun day for the children in the community to help them have funs before going back to school.

  4. Annual picnic to encourage family and youth gatherings to improve social interaction.

  5. Christmas love box to help with local welfare with provisions of basic foods for the local community.

  6. Annual financial support for homeless people in the local area.

3

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 August 2025

PLANS FOR THE FUTURE

We plan to continue carrying out various youth programmes for our youth in the community. Already we have received reports from parents that our youths are behaving well at school and home.

INCOME GENERATION

The Charity has generated £189,975 in donations during the year. This includes both direct transfers into charity’s account and cash donations.

RISKS

The factors that may affect the Charity’s delivery of its objectives include:

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH has developed a strategy, which specifies how it will deliver the key programmes of work. The strategy also identifies targets and performance indicators.

RESERVES POLICY

The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds is held to meet the above policy of the Charity going forward.

4

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 August 2025

GOVERNANCE AND INTERNAL CONTROL

A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 31 August 2025, the Board had a membership of Three people.

The Board meets three times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day-to-day activities of the charity. None of the committee members is being remunerated.

All Trustees receive the handbook for Trustees provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.

Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 1993 as amended

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

They include:

5

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

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

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

6

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 August 2025

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 31 August 2025. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

GRACE MODUPE OLAWEPO on behalf of the trust. Trustee 14 November, 2025

7

Independent Examiner’s Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH

We report on the projected accounts of the Trust for the year ended 31 August 2025, which are set out on pages 9 to 13.

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 year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is our responsibility to:

Basis of independent examiner’s report

Our 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 we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

(1) Which gives us reasonable cause to believe that in any material respect the requirements,

Have not been met; or

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

14 November, 2025

8

RCCG LIVING PRAISE PARISH STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) for the year ended 31 August 2025

Notes
INCOMING RESOURCES
Donations, Legacies and similar incoming resources
TOTAL INCOMING RESOURCES
2
RESOURCES EXPENDED
Cost of generating funds:
Cost of generating voluntary Income
Charitable Activities:
Community Projects /Other Resources Expended
3
Governance
4
TOTAL RESOURCES EXPENDED
3
Net income/(expenditure)
Funds brought forward
Net movement in funds and funds balance carried
forward as at 31 August 2023		 Un-restricted
funds
2025
£
150,243		 Restricted
Funds
2025
£
-
-
-
-
-
-		 Total Funds
2025
150,243		 Total Funds
2024
£
169,477
150,243
(78,310)
(450)		 150,243
(78,310)
(450)		 169,477
(81,623)
(1,500)
(78,760) (78,760) (83,123)
86,353
105,443
71,484
191,796		 71,484
191,796
263,280 263,280 191,796

9

RCCG LIVING PRAISE PARISH Balance Sheet as at 31 August 2025

Notes
FIXED ASSETS
Equipment at cost
Accumulated depreciation
TOTAL FIXED ASSETS
5
CURRENT ASSETS
Debtors and accrued income
6
Cash at bank and in hand
7
CREDITORS: amount falling due within one year
8
Net Current assets/(Liabilities)
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS: amount falling due more than one year
9
Net assets
FINANCED BY:
Unrestricted funds
Restricted Funds
TOTAL FUNDS		 2025
Total
£
420,217
(16,830)
403,387
4,996
4,015
9,011
(1,164)
411,234
411,234
(147,953)
263,280
263,280
263,280		 2024
Total
£
374,584
(12,961)
361,623
200
1,434
1,634
(2,244)
361,013
361,013
169,217
-
191,796
191,796
191,796

For the year ending 31 August 2025, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

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

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

GRACE MODUPE OLAWEPO on behalf of the trust. Trustee 14 November, 2025

10

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 August 2025

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.

Cash flow statement

Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity 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 or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in Note 2.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under 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. Premises overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.

Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for support costs and governance costs has been explained in Note 3.

11

RCCG LIVING PRAISE PARISH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 August 2024

Note 2. Incoming Resources - General Donations

Note 2.
Incoming Resources - General Donations
Un-restricted:
Donations, Legacies and similar incoming resources
HMRC Gift Aids
Restricted:
Other direct Collections
Note 3.
Resources Expended - Activities
Other Resources Expended
Depreciation
Interest on Mortgage
Other Loan interest
Priniting & Stationery
Remmitance to head Office
Bank Charges
Insurance
Mobile and Internet
Hotel
Professional fee
Welfare
Repairs
Church Expenses
Utilities
Travels
Cost of generating income
Other Interest
Note 4.
Resources Expended – Governance
Accountancy
Other professional fees		 Unrestricted
Funds
£
100,916
36,727
-
137,643
Direct
Costs
£
11,085
3,868
7,851
1,887
25
2,306
88
306
541
1,247
2,559
10,560
2,870
11,542
1,266
1,592
16,283
2,434
78,310
Direct
Costs
£
420
30
450		 2025
Restricted
Total
Funds
Funds
£
£
12,600
113,516
-
36,727
-
12,600
150,243
2025
Support
Total
Costs
£
£
-
11,085
-
3,868
-
7,851
-
1,887
-
25
-
2,306
-
88
-
306
-
541
-
1,247
-
2,559
-
10,560
-
2,870
-
11,542
-
1,266
-
1,592
-
16,283
-
2,434
-
78,310
2025
Support
Total
Costs
Funds
£
£
-
420
-
30
-
450		 2024
Total
Funds
£
147,777
21,700
169,477
2024
Total
£
3,252
3,868
7,903
472
1,086
2,201
260
306
497
362
3,749
12,099
6,322
32,419
434
1,148
4,434
811
81,623
2024
Total
Funds
£
1,500
-
1,500

The trust allocates all costs as shown in the table above. Costs are allocated between direct costs and support costs based on the actual expenditure and nature of transactions.

Note 5. Tangible fixed assets

Note 5.
Tangible fixed assets
Land and
buildings
Equipment		 Total
Cost
At 1 September 2024
Additions
Surplus on revaluation
Disposals
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 £
£
353,094
21,490
45,632
-
-
-
-
-
398,727
21,490
-
12,961
-
3,868
-
16,830
398,727
4,660
353,094
8,529		 £
374,584
45,632
-
-
420,217
9,093
3,868
12
12,961
403,387
361,623

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 August 2025

----- Start of picture text -----
Note 6. Debtors: amounts falling due within one year
2025 2024
This is made up as follows: £ £
Loan to members 4,996 200
4,996 200
Note 7. Cash at bank and in hand 2025 2024
£ £
Cash at bank 4,015 1,434
Cash at hand -
4,015 1,434
Note 8. Creditors: amounts falling due within one year
2025 2024
This is made up as follows: £ £
Accountancy Fees 420 1,500
Other creditors - falling due within one year 744 744
- -
Other creditors - falling due after one year (Mortgage)
1,164 2,244
Note 9. CREDITORS: amount falling due more than one year
2025 2024
This is made up as follows: £ £
Mortgage Loan 115,780 119,047
Bank Loan 32,173 38,170
Members Loan 5,000
Members Loan 7,000
147,953 169,217
----- End of picture text -----

Note 10. TAXATION

THE REDEEMED CHRISTIAN CHURCH OF GOD “RCCG” LIVING PRAISE PARISH is a registered charity and is thus exempt from taxation of its income and gains falling within Section 505 of the Income and Corporation Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.

13