Compan). Tegi%lixlioii Nuinbei.: 12012176
Redeemed Christian Church of God (RCCG) Icings Court
Chapel
IA comp&ny liniited by ouaiartteel
Annual Reportand Finlncial Slalemenls
for the Yeai. Endcd 31 Dec¢tnbei' 2024
Michael J En)&y & Co Liiniied
Chdriercd Accouiiianls
22 8t. Jolift Sli'ccl
Ne%vpoil Pagnell
Buckitisliamsliire
MK168HJ

Redeeiiied Clii'i.8tiaiJ Chiii'cli of c?ad IRCCC) lciiigs Coiii'l Cli%i)cl
CoJiteJils
Refeitnce and Adiiiin15117live Devdiis
TNstees' Repori
2104
Jndeijendeiii ExatiiineiJs Repts-l
6107
Balaiice Sheel
Notu to Ilie Fiiiancial Sitttciiients
IOto21
Delail¢d StA(emenl of Financigl Aeiiviiie8
22to24

ecleeiiicd C'lii'isliaRJ Cliui cli ol. Cod {IIC'CCI Ilin%s C.'oiii-t C.lixi)el
Refei'eijec Adii)iiii.81i'alivc Dctail.8
Ti'ustCQ5
Mi- Adegbeniig41 Oluwalundeiiiilpde Adeivumi
Mi. Akinola Salaini
Mi. Sola Eivedenii
Mi3 Tiimis¢ Lwtde1ni
ljriiicipal Offict
Auix)I'a House
DeliiL Avenuc
Rool(51ey
Milion Keynes
MK13 8LW
I'IIE cliai'ily is incoiyoi-aied in England aiid Wale&
12012176
Coiiii)Riiy Rtgisti'Hlioii Nujnbei.
ChAI'lly Regisli'atioti Nujiibei.
1184375
B%nl(et
B8rGlllys D&iik
737 Bal'king Road
L()NDON
E13 9PL
Miclillel J Emery & Co Limited
Cliai'iei'ed Accounlants
22 %1. John Sli'cet
Neivpoi't Pagnell
MIC IC) %HJ
P&ge I

Ile(leei)Tre(I C'lii'isliaii Cliui cli of Go(1 (RC.CG) ICiiig$ Coiii't Cli%pol
Ti'u8teo$' Reijoi't
Tlie Iruslce5, who aiy directoi'g for Iht piii'pose% of coiiipaiiy law, i)Ir.%cnl IhB annual I'epoi'l togelhcv ivith Ilie
liiiaiicial slftleiiients of Ilit chai'iloble conii)aiiy for Ilic ycar rndeij 31 Decemb¢r 2024.
ObjeclLVtS Aiid Activitle$
Tljc advgnttmenl ofiiic Chi'islidn faiill ivoi'ldivide in accoiylance witli Ilie objects sel out iii clause5 6.12rtd 6.2 iii t
ai'li¢les ot- associaiion. The tru%lccs iiiust use Ilie inc(>me attd iiiay use Iht eapiial of the Ii'usl in Pi￿111011ng I
objects.
Pilblic be.iiefiÉ
Tlie ¢liai'ily'.s aclivilies 21'c aimed at 111eeling ihe plysical attd spii'ilual needs ofiiie local coiiiiiiunily and
due IEgard to the public benefil guidante publislic(I b), Ilie clial'￿tY Coiiiini55ion foi- Englan<l and Wales.
Kings Coui't Cl￿pe1 iiiakes It4ular donation5 10 Ilie World Evangclisiii Mi48ion via RCCG IUK). IM additioii, the
Tlie eliurch also provided siii)i?ort lo Inenibei's ol. Ilie congregalion who expei'ienced finaiicial liardship dul'li￿ Ihe
year.-fiiosc' membLIE bcnefiied fix)ni gi'aiils Io SLipporl Ilieiii.
Usc oji1￿11111leers
I'lie chai'iils volunteers providc an invalueble conii'ibution in vayious ai'eas of seyvice provision, d¢velopTnenl and
illipleinentaiion of Ilie thuich's visioo. Willi ovei. 100 voliint¢ei'5 assisting iviili the effective opei'otlDllS Ot. Ihe
cliai'ily.. Ilic Imonelaiy Cqkiivaltnt of tlicir coniribulion is iminen5¢ aiid ￿l1-appl.¢c]8Ied by Ilie trustee8. We piDvide 2
volunteei'.q' Ilminiiig piD£i'aiiime IIEat caters foi. Iheii, Iveifai¢, si)irilual and socio-ecan0￿iC d￿￿tIep￿enI.
Tlit cliai'ity generated a suiplu,8 of £98,568 foi. Ilie yeai.. Ai Ilie balance sheel dali ioial jul￿S sland at £973,576. Tlie
vholc of Iliis llttiotint ￿p1'¢st￿ls iini'estricled fiinds, alihoiigh £586,010 lias been specifically dtsignaied foi. Ilic
purchase of a fi'eeliold propei'ty lo be used as Ilie ¢h4rity'3 main PlEiiiises Iivhere COiE activiÉie5 Ivill b¥ uiidei'iakenl.
ie inajority of Iliese f￿ndS are ljeld in hiBlily liqvid ciii'i'ent and deposit aecounis. Total tunds include £44.799 of
12ngible fixed asse15 which arc used to f&ciliiale the cliai'ity's aclivilies
Pollcy ONI p'tsÉive
l-lit Ti'u5tce.s tti'e aivare of Ilie reqlliremenl to have a re5e]ves policy in place and ivill develo1) a policy Iliat mcels Ilie.
peculiai. cii'ciimsiaiices of Ihe rharity.
Pripielpttlfiiiirfiiig soEti'ees
Cui'r¢Dily, Ihc prinGipg1 fujiding soiiir¢5 of tlie chai'iiy are fi'oiii dortalions Inade by ity volunleciE and Incinbei'&
Page 2

Rc(leeiiic(I Clii'istijii L'liiij'cli of Gud (RCCG) IliiiEs C'ovi't Cliai)el
I'i'LlStee81 Repoi't
Plai￿ foi. futui'e Iici-iods
Aliiis iiiid keji 4pbJÉelliiovfoi'fiiliiFÉPÈI.loils
cliuvch.
Empowcrmeiit and tducalioii I'eniaiii inipoi'laiil ￿1¢#11$ of Irlieving povc1.ty and ID Ilial ciid, w¢ Ivill conlinue to
ovganise confei'eiices And scininar5 to tquip IncnibErs of Ihe local ¢orniiiunily.
Ntsliire olg<Jvciiiliig dociiiiieiil
Tli¢ iiicoii)017i¢d Chai'ity 1% conirollcd by it5 governing docuiiienis, Ihc gl'licles of association and iiiernor&nduni.
Ivliich were ciE£ied 01122 May 2019.
ecJiiiCiiieitl Miifl fiPPOiFiiiiieiil of Iriislees
Tiwlecs are elected #lid co-opted undei. Ilie iei'ins of Ilie EOVtI'ning docuiiienls.
Any Reiv Iruslee Ivill be given ali understanding of tlie eliai'it) s objeclives and Ilie 1tquirtiiie.nls of ihe Cliai'ity
Comiiiission. They al'e dlso ¢ncoui'aEed lu allend spiii'opi'iaie cxlernal ti'aining events Ivliere these will faciliiaie Ilie
uiidertakine Ot'iliei¢' vole.
Tlie Ti'ustee.s delei'iiTrint Ilic i)ay of ktj, i11￿￿agen1enI pei'sonnel by revteiving the perfoi'niance of Ihe previous
tinancial ycar. The ￿0WIll in in¢oiiie 2nd aiiendanee al't soiiie ol-llie criiei'ia con5idei.ed Tn s¢tting tlie 5&1ary level.
choi'iiy. T1118tcrs meet foiinally twice a year, or as requiiid 10 I'cview the operaiions ot Ihc charity.

Ilcileeiiitd Clii'istiAii Cliui'cli of God IRCC'GI l<iiigs Coiii't C.li%i)el
'I'i'ustees' Ileptsi't
Ttedcciiied Chi'isiian Cjiiiirh uf God IRCCGI
IICCO Kiiig& Couii Cliapel Lliai'ity iio, 1111874
01)jecitileS flFI(Ipollclés
In Ilie 01?inion of Ilie Ii'ustec5, Ihe cliariils ttctiviiies do iioi creaie any siwiifieant exposui'e 10 finaTKial risks.
Hoivtvti., tl?e Ii'iistee.% ai'c llliiidtul Iliat cii'cuiiisiances cali change and seek 10 idciilifjr ally ¢in￿'gillg finoiicial visks
alld decide upon llppi'opixate risk iiiaiiageineiil policies.
Crtslifloiv risk
Ci'eilil risk
Tli¢ cligi'ity's pi'incipal financial assets are bank baltiiees aiid ca.%h.
Tlie ¢redit risk on liquid ttiiids is limited be£ause Ilie counlerparlies air batik5 iviili liigli ci'cdil-l'alings #&8igiied by
Yeserve5 al'e held as liqui¢l funijs ithich can bc accc%.%ed iiiiiiicdTBtely 10 Ine¢t the oiigoin8 casli Ilow Irquii'emtiifs of
Ihe chwity.
The anniiol reporl applY>ir￿ by tlie Ii'Lislees of Ilit cliill'it), on
nd signed on ils behalf by..
Mi's Oiiiobolanle Sllrhh William%
Ti'ustee
PaBC 4

Redeeiiieil Clii'istiaii Cliiii'cli of Cyod (RCC.G) l<iiigy& Coui'l Cliaijel
Slatciiiciil of Ti'ustccs, Ile81)oiisibililies
Tlie Iiiislees Iwho ale also Ilitt dii'ccloi'.% of Redeenied Chi'isiian Cliui'cji of God IRCCGI Kings Coui'l Cliapel foi. Ilie
accoiQante iviili Ilie Uiiiled Kitigdniii Atcoutilillg Slaiid&i'ds Iuiiiied Kingdoiii Geneiilly Accepted Aecuuiitiiig
Pi'aclice) and ai)plicablc law and Ilgiilations.
%clcct suiiable accounliiig policies and apply Iliem toiisisienily.,
Inake jud¥¥nieiiis eslilliales Ihal al'e I'ea%oiiablc aiid p1'udent'
stale wliether applicabl¢ UK AtcouiilinB Sldndails liaip¢ been folloived, subject to 8tty malei'ial depailures
Tlie Ii'iistetE air resi)onsible foi. keeping fjdtquclle accounting lEcoi￿S Ilial arc sitfricienl to slioiv and Liplain Ilie
cli?I'ilable coinpany5 Iransaciions aiid disclose iv&lli Itasonable accuracy at #ny iiitte Ilic fingncial posiiion of Ilie
charilable coinpasiy and enablc Iliein lo ensuit Ihal Ihc financial siaieiiicnls cuinply M'illi tlie Coiiiptsniex Acl 2006.
Tlie). ale tlso Ycsponsible foy safegiiwding Ihe ttssels of the cliai'iiable company hcnce foi. iJking I'ea8oiiable
AppiDved by thc Ii'ustees of Ihc charily oil
and signed on ils belialf by..
Mi's Oinobolaiile Sai'ah Williallis
Tiwlee
Page 5

Redeenied Chi'isliaii Cliui'cli of God (IICC.C:) Icings Coiii'l Cliai)el
liidepeTideiit Li xamiiici s Elepoi'l to Ilie ti'iislec.% of Redooii)ed Clii'i8tfftxii Cliui'cli of God
(RCCG) ICiIiES Coiii't ClIAI)cl
2024 whieh aye set oul on Iidges 8 10 21.
As Ilie cliai'ity's Ii'ii%lees of Redeeiiied C.hYisli8n Cliur¢h of God IRCCGI Kings Covit Chapel {aiid alsu ils directors
Irquiirmettis ot'llie Coillpanies Acl 2006 {-'tlit 2otJ(i Aol'l.
Flaving saii%fied Iny5clf Iliai Ilie accoiiD15 of Redeeiiied Clii-islian Cliiii'cli of c.i(￿(1{(:(.GI ICinES Court Cliai)¢l aic
noi I'equii'td 10 be audited undc1' 1)ai'l 56 of the 2006 Act llnd aye eligible foi- indepeiideiil ex8llllllation, I I'eporl in
res1)ect of MJ, cxaniinalinii of youi. Ghai-ily's accounls as cai-l'itd uil undei. 5ccliuii 145 of IhB ehai'ilic% Acl 2011 I'tlie
2011 Ael'l. In eai'ryin2 oul niy ekainiiiation I IIAiie lolloivtd DiiEclions Eivcn by the Cliar.&ly Coiiimi55ion undei.
Since Redeenied Clii'islian Cliuirli of God IRCCGI Kiiigs Coui'l Chai)el's Ei*$s iiicoille exceeded £250,000 your
iinderlake Ihc exomination bctaiise l ain a meniber of ICAEW, iviiich is one gf Ili£ lisled Iiodits.
1 118v¢ cojnpleled my eAaminalion. l ¢ohfiiTh that no iii&iiers liave ¢onie 10 Miy attenlion irt coiinectioii willi the
exaiiiin8tion giving me tause lo believe,,
l. accounting recoi'ds ivei'e nol kept in Irspeci of Rcdcenied Cli¥islian Cliuitli of God IRCCGI King5 Court
Cliapel Imuiied by seciion 386 ot ilie 2006 Act., or
2. tli¢ aecounl% do pol aGc01￿ wilh those records. oi.
3, Ilie accounis do not coiiii)ly il'iih the 8ccounting reqoiiEinenls of seciioii 396 of the 2006 Acl otlier Iliaii 8rty
reqvirctneni that Ihe accounts give a liiie and fait. vie%¢ whiGII 15 ntsl a M￿tte1. ¢oDsidered as pwi of
indtrLndetit ex&ininalion' or
Il. the accoun15 have iiot been preparcd in accoilanct ivirt) the illciliods and pi'inciples of Ilie SIEtteiiielll of
Reconiniended Pi%ciicc rot. a¢¢ouniing and reporlinE by cliariiies lapplicéble lo chai'iiie% prEPttI'in8 their
aecounts in aCLOTdance willi Ilie Fiiiancial Reporliiig Standard Applicable in Ilie UK and IlepubliL ol. Irelaiid
IFRS 102)].
I liave iio con¢erii% liavc conie a¢i'oss nr> oihei. lliaiiei's in conneciion iviili Ihe Lyaiiiinttion io )Iliich Attention
shoiild be draivn in Èli15 rew)it in older to eiiable a piopw iiudti'siandlng of thi accoiinls its be i'eaciied.
Pttge 6

Reilecn)ed Clii'isliaii Cliiii'eli of Go(1 (RCCG'I ICiiig4 Coiii'l CIIApcI
Iridei)CTideii( Ei XainiTleR s Reiioi't lo Ilie It'llstecs of Rc(leeiiieil Clii'isliaii Cl)ui'LlJ Goil
(RCCG) Kiiigs Coul't Cliai)el
Mic119cI
ACA
22 Si. Joliii Siitti
Nci¥poit PaEntll
MK16 111.IJ
D81e'.
Iq-..Q.1.-,.2oiS
Pagt 7

Rtdecincd Clii'isliaii Cliiii'eli of Goil (RCCC) Iliiig.s Caiii'l C.IIApel
Stateineiil of ieiiiAiicial Activities foR' tlie Yeg41' fiiiidc(131 DeceinbLI' 2024
(Iii¢luilinR Iiicoine aiid Ei xi)eiiditui'e Accuutil diid StateiJiLnt Df Tatxl Recognise(l Gaiiis ¢lll(I
Los5cs)
Total
2024
TolHI
2023
ryiids
Not¢
an&lion% ai)d Icgacies
543,770
812
543,770
812
627,461
3,803
Total income
544,582
544,582
631.264
ExptiiditTii'e on:
{446,014)
1446,014)
1446,014)
(434,775)
Tolal <¥i]endiluYc
(¢146,014
1434,775)
98,568
98,568
196,489
98.568
98.568
196,489
'otal funds b1￿U817[ foivJiYl
875,008
875,008
678.519
TOILI fvnds caii'icd foimmrd
16
973,576
973.576
X75,008
The fiinds biyakdown for 2023 is $Sioivn in Joie 16.
Page 8

Iledeeitieil Clii'istiaii Clliii'cli of C7011 (ACCG) l<iiigs Coiii'l CII4pLI
lftegi.sti.alioii iiuinbei.: 12012176)
B2lqiice Slieet qs At 31 Dcceitiber 2024
2024
2023
Notc
12
44,-199
44595
Cut'i'eiit Assets
Debioi's
C.&sh #l bank and iii liand
13
152,709
810,731
94,500
773,818
8C)R,318
9(13,440
Ci'editoi's.. Amoiints fftlltng dlle Jvilliill oiic year
134,663)
137.905)
Nc* cui'i'tiit a55¢t5
928,777
830,413
Net %s8¢ts
973,576
875,008
IUTids of the tlifii'ity..
UniEStricled funds
973,576
973 576
875,008
875 008
Totpl fuiids
Foi. ttie finaiitial yeai. eftding 31 Deceiiibti. 2024 Ilie cliariiy ivas entitled 10 cxtirplioii froin audit undei. 5eclion 477
of ihe Companies Aci 2006 I'elatiiig io siiiall colli1￿nies.
D1￿clor3, i'esponsibiliiies..
I'he Imtmbei's liave iequiicd Ilie ch&iity to ubiain ali avdii of ils accounts foi. Ilie yeai. iii oueslion in
awoidaiice ¥viili 5edioii 476,. and
The dii'ecioi3 acknvivlEdBe Ilieii. I'esponsibiliiies foy coJnplyiii8 Il'iili Ilie Itqiiireittcnls of the Aci wilh IEspetl 10
accoiinting I'ecoi'ds and the pi'ei)ai7tion of accounts.
The8e accouiils11ove been pt'epared irt accordanee willi Ilie piDvisions applicable lo ￿m￿anIeS subject to tlie Small
'l-he finaiicial sieleincnls on pages 8 to 21 were app¥oved by the li￿sEe¢S, and aullioj'iscd for i53ue on
aiid signed on Ilieii. behalf by..
ti.l.q l LS
Mis Oinoli(>lanle Sarah Williani8
Tiiislee
Page 9

Redceiiieil Cl)Tr'igtixn Cliiii'c.Ii uf Go(1 (RCCGI l<iiigg Coiit't CIIApel
N()les tn Ilie FiiiclllLial Slaleiiieiils foi. Ilie YeaTr' Li nded 3 A DeLeiiibei' 2024
I Chai'ity stAtus
Tlie clia1.ily 15 liiiiiltd by Euaizntee, inc()Iyo¥aI￿ iii Eii&lsnd Jiid Wales, and coilgequeiiily doe5 liot liave shal'e
capital. Each of ilie Iruslees is liable to colili'ib￿le ali liiioiiiil not exceeding £5 towaixls Ihc a8sels of Ihe cliai'ily iii
Tlie add1'e5S Ot ils I'eEisl¢red office is..
Deliic Avcnu¢
Rooksley
Milloii Kcyne5
Buckin2liainshii'e
MK13 8LW
2 Accounting pDIi¢ics
Tlie fjnaiicial siateiiieii15 1111 ve been Ixrpllird in aectsiYlane,e i¥iih Accoiinting and Repoi'ting by Cliayilies., Stsiemefit
Repoi'ling Standard applicable in the UK and Rci)Iiblic of Ir¢land IE.'RS 1021 leffcctive l Janiiary 20151- Icbai'ities
SORP IFRS 10211, Ilie I".iiiaii¢ial Rp.poitinE 8iandai'd gpplicllble iii Ilie UIC and Republic ofiiEland IfRS 102). They
81so ¢ODlI)ly wilh Ihe Coiiipanies Act 2006 attd Cliaiiiie5 Aci 2011.
Ba515 of pJ'eiixYatlo)I
Redeeiiied Chi'isliaTI Cliurcli of God (IICCGI Kiiigs Coui'l Cliapel Inet15 the definiiion of a public bciiefit enlity
siaied in Ili¢ relevani accounting policy nol&%.
Tlie Ii'u4tets con5idei' thai Il*re air no maiei'ial uDcei'iainlies alioul Ilit cliai'ity's ability to continue 1$ a goiiig
concei'n noi. any significant al￿￿ ot unGer12inty that &ffe¢t ilic carrying value of assets lield by Ihc cliai'ily.
i'¢ceived and Ilie ainuuni ol'15ie incorne reLeivftble call be nieasiircd i￿liablY.
Donatioiis and legacie8 air J'ecognisud un a r¢c¢ivable basis wlien irceipl is i)l￿babIe aiid the amolliii can be IEliably
onditions i¥ill be tullilled Ihe IEporling De1￿0d.
Page 10

Reileeiiieil ClIR'isli%ii Cliiii'cli of Co(1 (RC.CG} J<iiig.8 Coiii'l Cliai)el
Nnles to tlie ]fiii%iieifil SIRtÈmeIils foi. tlie Yeui. Elided 31 DecetllbL&l' 2024
naluii neccssllry lo suppoi-t tlieni.
SuppDI't cosls
Sui)porl c()%lS Illtlude ccnli'al ftinciions and Iwve been ttll()cattd to activity COA eategoi'ie5 on a basis consi51eDI iviili
Ilie us¢ of I'esourtes.
Govej'iiatiee ¢0515
T11¢5e include tlie costs È111'ibuiable lo Ilie diai'ily's coiiipliance with conslilulion#l and Stalutoiy reqtsii'eineiiis,
inGludittE aiidii, slratcgic Initlla8etticni and Iivgtees, meetings aiid ieiinbui'sed expenseg.
Covoi'iiiueiit gJA)Its
Govei'iiinent FJ'ants aiE I.eco￿lSed whcn Ili¢ clipi'ity bccoines cnlillcd to Il* incoinc, il is prob&ble thal rhe cli81.lty
I'cc¢iYe tlie iiicome, and thc inconie can be Ineasured Yeliably.
If receipl of a Ei*nL is ¢ondilional oil Ilic chai'ity Imeeting specified petfonnance G1'tIe￿i8, Iheti the granl is not
reeogniscd us intoine unlil that perfoixnance Ll'iieia lias bttii luifilled.
T%iigible fixed *ssels
Indiiridutl Iixed wets air iniiially recorded ai cost, Ic5s 8ny subsequeni accuinulated dtpEcialitsn and subscqueiil
ccumulaltd iinpaii'lli¢nl losses.
Depieciation is pitividcd 011 langiblt lixcd as8et% 50 as 10 write off Ihe tosi oi. valu&tioJ, less any estiiiialed I'esidual
As%e( cla5.
ruYnilUIE and equii)nient
At IOOA, 20% aiid 330h on cost {dep￿IdenL
on the assell
At 20% on ¢ost
Moloi'veliicles
P*ge 11

Rcdeeiiied CIIT'i%liAii Cliiii'cli of G'o(1 (RCCC.) Jciiigs Coiii'l Cliiipel
Notes to tlie fi jiiaijtial S'IAteineTils foi. tlie YeAI' Ei Iided 31 De¢eiiibLI' 2024
Debloi
Debiuis al'e Iiiollies tswing lo the cliai'ity at Ilie balance 51teel dale, includinE gifi aid in irspcct of dohaiioiis rcteived
J)ebiors are I'c¢o8ni.4ed iiiilially xi Ilie tsynsaciioii pi'i¢e. Tliey al't tsuljrqiitr.ntly iiie8SUltd at aniorlised cost using the
CAsli aiid tAsli equivaleIits
Cash and ca511 equiv&leiil% toiiipi'ise oti hand and call dep05ils, and other shorl-lei'm liislily liqiiid invesiinenls
thai aye readily converlible to a kni01￿7 aiiiounl ol'cash and air %ubject ID a11 insigDiticanl I'isk of cliange in vallle.
TIMdc ej'editoi's
Ti'ade ci'ediiors at'e obliEalTOJiS lo pay f01. goods 01. 8ei'vices ihai liave beeii acqiiii'ed in Ilic OKdinaiy t4)ui'sc of
attei. Ilie reporting date. If Ihci'c is att unconditional light to delci. seltleineiii f￿. al Icasi (welvc i)ionilis after Ilie
repot1ing dale, the>, are pir8ented as non-curi'ent liabilities.
Trade vEditors are Yetogniscd iniiially at Ilie ¢i'ziistclioM prict find subsequentl), iiieosured at ainoitised cosi usiii
the effeciive inlei'esi iiicihod.
Unrestr'icted intoine funds ￿'e genei'al funds that air avoilable for usc at Ilie Iiusiees'% dis¢i'ttion in furlherunce ofihe
objeclives of Ilie cliai'ity.
Tlie chai'ily Inake5 conii'ibulions inio a defiiied Lonii'ibulion pcnsion 5eheiiic for the bcncfit of IL8 tlllployees.
Contributiolls payablt lo the pe115ion s¢li¢nie are rccooni.£td in Ihc slalement of fiiiancidl activilies in the pei'iod Iliai
the bEnefil eained by the emi)loyet. Any pension benefits eai'iied biii not i)aid inio Ilie scheme at Ilie balance
sheel dote ale rewgnised as a liabiliiy iii tlie balance %lie¢l.
P£Ee 12

Redeeiiied Clii-istiAii Cliui'cli of God (RC.Ce) Kiikgs Coiifft't Cliapel
Notes to Ilie FiiiaiiciAI Stateiiieiils foi. tlie Ye#t' Ei Iided 31 Deceinbei. 2024
I'otal
2024
2023
DoiiRtiODS IcEaoies',
498,119
45.651
505,528
Gitl aid IEclaiiiied
543,770
543.770
627,461
Uni'e$ti'iited
TotAI
2023
Gtn¢i'AI
20Z4
MisSiOIIS
'.venl%, scininaiE gnd confei'ences
368
812
$12
812
812
3,&03
Activity
undertAIIEtI
TotRI
2024
Totfjl
2013
5uppoI'I Cost5
Physical and spii'illldl needs
280,É121
165,593
446,014
1134,775
£446,014 1202)
i'tstl'icied fuTrJs.
£434,755) of IliE a￿ve expcndilure ivas atlribuiablc 10 unresiricted funds and £Nil12023- £Nill lo
Page 13

Ile(leoi)ied Clii'istiaii Cliiii'cli of C7nd (RC.eci I(iiiEs Coui.t Cliapel
Notes lo Ilie fiiiiAiicial state1￿C]its foi. tlie YeAI' Ei iide(13J Deceinbei. 2024
Tolal
2024
TotHI
2023
oiliei. ￿niS to RCCCI
Wage% and 5alaYies
social sccurily
Pensions
'ri*ittiiiga bDoks, eonfeirnces and seininai
Welfaiy rxpen%es
Honoixriuiii
Teclinical dcpai'lineni expcnses
Junioi. chuY¢h cNI)titses
Music aiid Clwir expe115es
WoiNI and Sound
Teen cliuirh exi)ellses
RCCG wurld ¢v&ngelis¢ii Imission
9,314
96,695
9,314
96,695
3,475
95.094
5,199
1,929
1,942
9,272
2,407
2,400
284
5,548
14,347
1,942
9,272
2.407
2,400
3,214
11,382
192
2,850
16,718
681
7,849
95,751
-878
28,092
7,496
5.548
14,J47
11,677
83,959
11,677
Tiivel aiid oiliei. cxpcnses
Moioi. expenses
24,261
7.221
24,261
7,221
280,421
280.421
293,421
Govej'naiice
Costs
I'olal
2024
rot*1
2023
Costs
lttdependent
2,064
2,064
2,216
Oihf.I' gov¢i'nartcc
relllied oosls
Rookkecping serviees
Waxe
Social securily
1,825
5,000
1,825
5,000
21,500
1,743
1,583
1,000
18,620
21,500
1,743
451
1,306
371
T#l¢plioii¢
1,306
PaEt 14

It(leeiiicil Clii'istiaii CIIui'LlI of God (IICCG) l<iiigs C.oiii't C.11gpol
Not&% to Ilic fi jnuiieial SIHleiiie])ts foi. tlie YeAI' fi iiileil 3J DeLcinbei' 2024
Pt'¢tnise5
costs
Cuvci'iia2i£e
eosts
'fotAI
2024
TolAI
2023
Costs
Costs
PthstL￿C and Ylttlioiieiy
Gcneral eipenst%
Bank ¢hai'Ees
Rent
2,673
6,983
2,673
6,983
3,?.01
94,676
4,973
4,832
1,120
9,580
2.733
85,933
515
2,597
3,201
94.676
4,973
4,832
Insurance
l)tpirciation offixed
ssels
12,795
12,795
10,587
34
Int¢re51 payable
Pi'otivloss on dispts$81
of fixed assets
8,889
4,772
34,656
117,276
165,593
141,354
7 Nct ineojiiiiigloulgoiiig i'esoui'cc3
2024
2tJ23
Op#i'atin8 leases- oilier asscls
DCp￿Illio11 ot'fixed ￿se18
94,676
2,795
H5,933
10,587
8 Trustec5 veii)unei'Rtlon and expenses
No Ii'uslees, nor ans, persons Conneclcd iviih tliem, h*ve i'eceiv¢d arty remiineratioii fiom Ilie charity diii'ing the Ye￿..
No Ii'ustee8 have I'eceived anj, relinb￿lsCd eAp¢iists or any oihei. benefils froiii Ilie rjiai'iiy during Ilie yeai.,
Donalioiis ni&de by the Iruslees witlioul any CDnditions attached totolled £2,516 foi. tlie year12023 £3,11 $1.
Page 15

Redetiiieil Clii'i.stiaii Cljiii'cli of God (RCC'G) IIiii&FS Coiii'l ClIApel
Nato8 tn tlie fi jllaiicial Slxteitieiits loi. tlie YeAI' fiJiide(131 Deceinbei. 2024
9 Starre115ts
Tlie aEgiEg&te payroll cos15 Iveit as follows..
2024
2023
Stxff tosts dui'liig tltt yeai. Ivei'e:
W¥Ees and salai'ie5
So¢i&l secui'ily tosls
Peiision costs
12,757
2,392
173.344
6,513
2,100
122,527
The iiionihly Dvcrage numbti. of IKisons liii¢ludlng 8¢nior iiiaiiageiiienl leaiiil employ¢d by Iht cli81.ity du¥ing the
yeai. cxpiE&%cd as Iiill litDe eqiiivalthis ivas 4s follows..
2024
2023
Pasloi'jl
312013- 3) of the Jbovc ¢inplo}'ces partlGipaied in the Defined Contiib￿loiI Pcnsion Scheine
The nuniber of eiiiployces whost ¢nioliiinenlS fell within the foll(Jwing b&llds ivas..
2024
No
1023
£60,001 £70,000
'lie total employee benefits of the key Inanageiii¢nt peiEonnel or the tharity ivert £98,637 foi 2024 (2023
£94,024).
2024
2023
2,064
2,216
Page 16

Reileeiiied Clii'istlAri Cliuj'eli uf God (RCCC.) ICiiiLJ.% C.oiii't Cl)ai)el
Notes to Ilie fiiiiaiieifLI Slateineiits foi. Ilie Y¢ai' ii(lei] 31 DLcciiibei' 2024
Tlie clJai'ily is a r¢Eisleitd cliariiy aiid is tlierefoiE exemipi froni laxgtion.
12 TaTigil)Ic fixtd absols
otoi.
Tulal
Cost
Ai l Januai J, 2024
Additions
Dispasfils
Al 31 Decembei. 2024
58,604
12,519
14,628
14,619
114,6281
73,232
27,138
114,6281
71,123
14,619
85,742
Dtpi'eciatluii
At l JÈnua1'y 2024
Cliai-Ec fai. tlie ycai.
Elittiinaied on disposals
28,149
12,063
488
731
1488
28.637
12,794
1488)
At 31 Decembcr 2024
40,212
731
40,943
Net bDoI( vRlue
At 31 Deceinbei. 202
30,911
13,888
44,799
Al 31 Deccmbei. 2023
30,455
14,140
44,-fj95
13 Dcbt015
2024
2023
Prepayii)enLS
tiift aid receivsbl¢
Otliei. dtblors
28,238
124,403
68
78,752
67
152,709
94,51N)
PaÈe 17

Rc(lectiie(i Clii'istiaii Cliuj-cli of God {RCCC) Kiiigs C.oui't ClIApel
Noles to Ilie fi iiiaiiti%l StAteineiils foi. tlie Yeai. Ei Iided 31 De¢eiiibei' 2024
2024
2023
Ti'ade crediloi's
oihei. iaxation and social 8ecurily
729
3.272
18,759
11,903
4,078
19,477
14.350
ACci￿al￿
34,663
Page 18

Redeeiiied ClIR'istiHii C.'Iiiii'eli of CT(J(I (RCCG) l<iiigs CoiLI't Cliaiitl
Notes lo Ilie IfinxiiciHI 8t2teiMeiiti foi. Ilic Yeai- Ei iided 31 Deeeinbei. 2024
2024
2023
Within untt ytai.
Beiween one and five yeays
87,320
87,320
206,835
206,835
294,155
16 Vuiids
Rlalaijee Ht 31
Doceinb¢t'
2024
IIAlallce xt i
J*iiii%i'y 2024
Rtsoiii'ct5
expeiiiled
rt50UJ'C¢5
UnJ'c51J'lcttd luiids
Geiieilll
Gene￿￿1
288.998
544,582
1446,014}
387,566
J)eslgJiuled
Designated
586,010
586,010
TotAI fullds
875.008
544.582
1446,0141
973,576
P8laii£e At 31
DcL'eiiibe
BAlaiict At I
J%iiiiAI'y 2023
R¢soui'tt8
i'esoui'ces
2023
Ulli'esli'i£tcd fuiids
Géiierrtl
Gc￿l*l
92,509
631,264
{434,775}
288,998
DesigNirtie
D&%igiialed
586,010
586010
Total flind5
678,519
631,2()4
{434,7751
875,008
Page 19

Reileeiiied Cl)i'istiHiJ Cliui'eh of Gud (RCCG) ICi112s C'oiii'l Cliaijel
N(Jte% lo tlic fiiiiaiicial Slaleiiieiils foi. tlie YeRI' Li iidei] 31 Deceillbel, 21)24
The specifsc piiiiioses for ivliicli Ilie funds al't to be ai)pliBd ait as follows,.
CTeiicral fund..
This is art illEI'eslricled fund Iliat has been desiBnaled for Ihc i)Iii'i)()se of acquii'ing a fiEehold properly as & pei'iiiaiienl
premi%￿ for Ihtt cli41'ity.
17 Allaly81s of net Assets belweeii funcls
2024
Dosigiiated
Tangible fixtd assets
Ciii'rent £vseis
44,799
377,430
{34,6631
44,799
963,440
{34,6631
586,010
Tulal net a55ets
387,566
586,010
973,576
2023
Uni'e5trltttd thiids
Geiiej'al
Desigiiale
'rotfil fllllds
Tangible fjxed a55eis
Cvri'enl assets
44,59)
282.308
137,9051
44,595
868,318
{37,9051
586,010
Tolal nel tsseis
288,998
586,010
875,008
Page 20

RcdoLnied clii'lsli￿iI Cliui'clj of Go(1 (RCCG) KiiiLts Coui't CliapLI
Notes lo Ilie rtiiiaiici21 Statciiieiils foi. Ilie Yexi. iided 31 Deccinboi. 2024
2024
2023
67
18,660
67
18,314
19 IltlAtcd paj'ty ti'll1￿#t(lo1is
Duiing Ilie yeai. the cliaiity iiiadc Ihe folloivin¥ relaled pai'ty ti'an5a¢lions.'
Ile(lee)iied CliJ'istiHii C.liiii'tli of Cod IRCCCI
Du1'1ng Ili¢ yeai. the charity niade coiili'ibulielis lolallinB £113,96012023.. £95.7511 to Ilie RCLCI World fi.v&i)gtlism
Mission. At Ilie balaiice shtet dale Ilie ai)iouiit due to Redeeiiied Clirisliaii Chu¥¢li of God IRCCGI wgs £16,000
12023. £16,000).
RCCG Icliigs Coiji't ClIAyel e.IiAt'ity iio. 1111874
On l Jaiiuai), 2020, 411 assets aiid liabililies of ilie ¢lia1'ilable Irusi RCCG Icings Coul% Chapel Icharily no. I 111874)
Yeffj Iiansfeiitd to Iliis in¢oi'pDi2led chdrity by way of a Eifi. Fi'oni Ilial Ilalt oiiwaids, Ihe Main opei'alioiis of Ilic
cl)urcli weir condiicted Ilirough the intoi'poi?ted cliaiily.'fiie aini% ttnd objetlives ot the char￿(Y Irinain uiiclianged.
Tlie lease on the piriiii3cs u%ed by th¢ chai'ily for mfiin chai'ilable activitie% expii'¢d in MJY 2022 and ivas 5ield iii
Ili¢ Iiame of Ilie chai'ivdble ti'J$l UP to Iliis date. -I'hc neiv lease commeticed on 31 May 2022 aiid is litld in Ilic name
of Ilie incoi'poiated cliaiily. To facililai¢ thc conlinued payiiienl ol- IIIL relit on Ilir. old Icase, a single bank accourtl
liad beeti kept 0￿￿ in Ilie cliariiable Iiusl's iiainc. l.'und5 Iransfciird into Iliis accoiint Iix>ni Ilie incoi'poi'aied
cliarity to covci. Ihc quariei'ly l'ent and seTVlCC ¢liai'ge pgyiiienis up 10 fv13y 2022. Apai't from holding Ihe prelljists
lesse and faciliialing I'cni payinenls, Ibv cliai'itable I1'iisI lia$ irinlliiied dormant ihi'vughoui 2023 and 2022.. At Ilie
bal&ncc slieet dale ilie ainount du¢ Iiuiii IICC(i Kings Courl Cliap¢l Chai'ily no. I 111874 £6712023- £671.

Redc¢nied Cliristiaii Cliurcli of God (RC'C'G) Kings Coiiyt Cliapel
Detailed Stale)neTIt of FinaiiciAI Activities for tbe Yeai. Li nded 31 Decembei. 2024
2(k24
Unresti'itttd
2024
I'otAI
2023
Total
Iijttsnie Ajid EndOw￿l¢ll*S froiii:
r)nnations and lega¢ies lanalysed beloiv)
Cliai'ilable activities lartalysed below)
543,770
812
54J,770
812
627,461
3,803
Total incoime
544,582
544,582
631.264
Exp¢Dditure on:
Chai-ithble activiiies {analys¢d below)
1446,0141
1446,014}
1434,7751
'I'otal e%pendtiure
1446,014)
1446,014)
434,7751
Net income
98.568
98.568
196,489
Nei moveniet]t in lunds.
98,568
98,568
196,489
Reconciliatiort of fuiids
Total lunds broughi toiiiaiyl
Total fijnds carried foiward
875,008
875,008
678,519
973,576
973,576
875,008
Page 22

Redeeiiied Christian Cliui'cli of God (RCCG) Kings Court Chapel
Detailed Statement of FÈnaiicixl Activities for tlie Yeai. Ended 31 Deeeinber 2024
2024
Uni'estritt¢d
funds
2024
Total
2023
General
Total
Don8tions
Gift Aid tax I'eclaimed
498,119
45,651
498,119
45.651
505,528
121,933
543,770
543,770
627,461
2024
Unre.%tvltted
funds
2024
Total
2013
GtntYAI
Total
Cljni'il¢ible rtcfivilies
Events. seminar8 and conf¢ren¢es
Missions
812
1112
3,435
368
812
812
3.803
2024
2024
Unro5ti'icte(I
TotAI
2023
Genti'al
Total
Cliuril￿blt rtclivilEes
{ProfIty1055 on disposal ofiangible fixed assels
Oiliei. gi'aiits to RLCG
Wages and salaries
SialTNIC IF.mployei3)
SwtTpension5 ID¥fin¢d ¢oniribulionl
Ti'aitllTig, book¥, contcreiiccs aiid 5eininais
Welfare expenses
Ti?vel and otlier cos
Honoi?rium
1,570
9,315
1,570
9,315
3,475
12,757
2,392
9,270
2.408
24,261
2,400
12,757
2,392
9,270
2,408
24,261
6,513
2,300
13,120
3,214
28.092
11,382
PaEe 23

Redeeiiied Cliristiaii Cliurch of God (RC.CC.) Kings Coul't Chapel
Detaileil S'talemeiil of l<iiiaiieial Activities foi. the Yeai. li ndcd 31 Deceinbei. 2024
2024
2024
fuiJd5
Tolal
2023
Gelle￿1
Total
Rent
l.ight, hcat and w)iver
Insui?iice
.1 el¢phorte aiid tax
Teclinical depaitment expenE¢s
Pi'intin& poqtagc and btationery
JuDlOI' cliuirli expeiists
Music and ¢hoir expenses
Wold and sound
CJtneral cxpehses
Teen LIIuTc11 expenses
RI:CCi ivnrld cvangelism mi&8ion
Motor expenses
Advei'lisin£
Bank ehai'gJe5
Othei. iiiter¢si i)ayable
Dewetiaiion ot plarti and niachinery
Depi'eciaiion of fixturcs and filtings
Dcpi¢ciJiiort of molor veli&cles
C)Iher govcrnance i'elatcd costs
Bookkeeping services
Independent exan)inei's tee
94,676
4,973
4,833
1.305
284
2,673
5,549
14,346
82
94,670
8),932
515
2,598
4,833
1,.305
284
2,67.3
5,549
14,346
82
6,983
11.677
83,959
7,221
192
2,851
681
9,579
7,850
95,750
7,497
378
2,733
34
5,821
4,278
488
1,584
I,O(M)
2.216
6,983
1,677
83,959
7,221
3,201
3,201
7.549
4,515
731
1,825
5,000
2,064
446.014
7,549
4,515
731
1,825
5,1>00
2,064
446,014
4i4,775
Page 24