Charfty Registralion No. 1185147
Company Reglslrallon 12138281
REDEEMED CHRISTIAN CHURCH OF GOD C'RCCG
THE CHAPEL OF COURAGE
Report & Hnanclal Statement lor
FOR THE YEAR ENDED 31 AUGUST 2024

THE REDEEMED CHRisllAN CHURCH OF GOD fRCCG? THE CHAPEL OF COURAGE
FOR 7HE YEAR ENDED 31 AUGUST2024
REPORT AND HNANCIAL STATEMENTS
NTENT
REPORT OF THE bOARD & STA7EMENT OF BOAItD'S RESPONSI8UTIES
INDEPENDEPn EXAMINERS REPORT
STATEMeNT OF FINANCIAL Ac7ivmES
BALANCE SfrIEEr
NOTES TO THE FINANCIAL STATEMENT
13

REDEEMED CHIISIIAN CHURCH OF GOD TME CHAPa OF COURAGE
GV4EIAL INFORMATION
BOARD MEMBERS, OFRCERS. ADVISERS A14D OANK
Postof E A Adeboye
New Chtsity Corrrri￿on Regslfati
Chotity NEJmb8r.' 1185147
CcKrwiy Regislralion
NLKnber. 12138281
D¢ns h4oke Ao
Mr Rosheed Abayoryy hmurh*c
Pastot Jtsr￿ Olodirr£ii
MT aLwoseun Okjshonu
Senlor Pa5b)r
P051or Olojide Joseph Omolayo
Reglslwed Address
RCCG The C￿pe1 of CoJroge
164 ￿n9Jon Avenue
Harold Hil
Romfud
RM3 8JT
Banke
Uoyd5 Bonk Hc
Station P<xade
IGI 1 8ED

THe IÉDEEMED CHRisllAN CHURCH OF GOD fRCCGJHE CHAPEL OF COUIAGE
THE YEAR ENDED 31 AUGUST 2024
Report of the Tnjslees
The trustees present the arinuol report and finonciol statement of The Redeemed Christian
Church ol God IRCCGI ttie Chapel of Courage lor Ihe year ended 31 ￿ August 2024
Oblecllves
The principal activities of th￿ charity ￿ the odvancement of the Christian foith in the United
Kingdom ond the relief of poverty. especially those wthin the orea of operotion.
STIUCTURE GOVERNANCE AND MANAGEMENT
The Redeemed Christion Church of God IRCCGI the Chapel of Couroge regi￿ered chority Inumb
11851471 and Company Limited by guarontee1121382811 ond il is govemed by its Article ol A5$0ciotion.
Organlsallon and Stwctwe
The monogemenf of this Chorify is the resF)on%bilty of the Board of Trvstee5. Who have been c(Fopted f(x
their ski115 and experience and are requwed to attend induclion ond troining in order to keep vp lo dote.
The dey to doy running of the Ch{￿ty is the responsibility of the Senior Postor. He is assisted by a Council ol
ministers. whom he delegate5 responsibli ities to regulorfy. They discuss regularty, to review Ihe oclivities of
the chLFrch ond lo moke deci%ons on cruciol mottw5.
Svmmory of the year under fevlew.
In the year under revitiw. oll Ihe actiw￿es of Ihe Chwch were corried out ph￿c￿lY on Svndoy5
ot the Ghsea Park Method151 ch￿ch, 398 ￿entwOOd Rood. RM2 6DH
In March 2tr23 Ihi5 year, RCCG rhe Chopel of CoLKoge celeiyoted her X)Ih ann￿e￿ryWItti a three d¢Jy5
celebration. which conclvded wth o Sundoy Thanksgiving Church service at Gidea Park
In May 2023 the church joined the enlire counlry in celebrating the knngs coronotion in the local communi
of Gidea Potk.
In addition to the treehold chwch bLilding at Wdverhamlon, the Church in September 2022 completed
the purchase ol Ball Green Method￿* Church. Wilding Rood, Stoke on Trent ST6 8BQ. these two church
properties afe being used by our 515ter pari5h.' The Redeemed Christian Church ol God The Soughlout
A%sembly. on incorporated chority in England ond is betng used solely for charitable purposes.

THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG?THE CHAPEL OF COURAGE
THE YEAR ENDED 31 AUGUST2024
Report of the Trvslee$
Flnanclal revlew
The Charivs finonciol stotemenl for Ihe yeor ended 31 AvgL$5t 2024 shows a net Increose in fvnds of
£12.13912023: £13.262 decreosel-. Total unrestrbcted fund i% £17408312023.. £162.7441
Related paty relali¢)nsl
RCCG the Chapel ol Courage is a membef of the Redeemed Christian Church ol God wortthide.
agreed under'lhe agreement of common purposes. withlhe RCCG UK.
R15k management
The trustees hove assessed the major risks to which Ihe ch￿ty is expjsed to, in particular Ihose
relating lo Ihe operation5 ond finances of the chority and ore sotisfied Ihot Systems are in ploce
to mitigate eyposure ta any major risks.
In order Io sofeguord Ihe welfare of Chldren and young people Ihe Church operotes o Child
protection policy. Al Childrenlyouth wothets are careftjlly screened arid have an enhanced
Disclosure and 8orring Service IDBSI check.
Reserve P¢ky
RCCG the Chopel of Couroge ens￿e5 that o reseNe *0 cover Ihe fLxed operotlonal costs are
maintained at oll time5, to protect unfcM5een contigencies.
Granl Maklng Polcy
RCCG the Chopel of CoLffOge rnake conlibutions to the RCCG WEM, RCCG Centro71 offfce.
Festival ol life in fvifilment of it's obligations. The Ch<Jity olso make donotions to other Chorities in
the UK from thme lo time.

THE REDEEMED CHRISIIAN CHURCH OF GOD fRCCGI THE CHAPa OF COUIAGE
THE YEAR ENDED 31 AUGUST2024
Report ol the Trustees (ContFnued)
Volvrdews
We are very grtsteful to oll Ihe volvnteer5 for Ihew commitm￿1 and supFx¥l tlYoughttyJtlhe
tt)e year. Moy the Lud continue lo ble55 ond vpfvjd owVi￿Vnleer5 fcy Ihe¥ labow ofloye.
Publlc Benefft
In establishSrvJ the progrommes and ac￿V￿e$ ol RCCG Ihe Chopet ol Cotffoge. the Iwslees
con&der its benefit to the gen￿01 pvwic vthn the communityond in kne with ifs charity
objects of advancing christ￿￿ faith United KirydC￿ ond the reSef of poverfy.
The tru5tee5 ensure Ihot Ihe Chortky Commwons gL•ideknes on pU￿1C benefft (ze followed
in oll Iheir operotions. rAonning and decNon making.
Law appliC(s￿e to charilie5 In Enyand ond Woleg requres Ihe knjstees to ryepore fmncol statements for
eoch year wtuch gives o I￿e ond law VEW of the stcte ofoffars of the chartty and of the
chority ond ol Ihe sijrplus u deficit of the ch*th lor that wod. In prerxsrino Ih05e finonci(S stalefflents
thè tnJstè•s hov•:
• Selecled 5UStable accounting pdicies ond OPKthd Ihem cony5tenMy,
' hlode judgements and estimoles Ihat cKe rea$￿able ond rxudenf..
' stote whelher oppScoble occovnling Stondor¢* hove t)een folowed. subject lo any
maleriol depar1v￿5 Of￿¢10$eLl and ey¥A¢ined in tt)e firnnool stotements.. ond
' PFewred the fin0￿1(4 ￿a￿ements on o going concwn b(395 lun￿$ it 15 rK]pprow(rte lo
presume thol Ihe TfU51 ¥vill continve in operollonl.
' The trustees hcsve oveToII [￿Pons￿l￿ty fty Ihol the c￿r[￿Y hos (m Op￿(￿li0*e
sss*em of contrrt. finonciol and otFwwise. Trey cffe obo re￿￿t￿e Fly keer%ng ryoper
accounting rec￿d$ wh¢h disclose wilh reosonable occurocy at any lime the financial
po%tion ol the chority ond enoble them to erfjure 1hat the f￿ancial 5taternents com
wilh the Chorities Act Xll l. They rye okn respon￿￿@ fcx so18guording the assets ol the chority and hence
futabng reosonoue Steps forlhe detection and prevention of troud
ond olher irre9ubrities.
Thi5 repi)rtwos opproved by the board ol Injstees on Ihe ......... .
ij
.. 2)24
ns Omdude Bose Sorwsl
Fw. The 8otsrd ol Twsle

dependenl Exomlws Rewl lo lh• TNslees ot
ThE ItEOE&MW CHIISTIAN CHURCH OF GOD fRCCGI THE CHAP& OF COURAGE
The CbaFd ofC(Lw fu tr£￿TerKI8d 3151 WZY24. ** oul ¢Jnpa9e5 6fr1 1&
iÈsponubie l(x he prep(Yob¢Jn ol orCO￿￿1he fryj51ee5corthlertt￿ aJ(51 ￿ rKs1 fetyrfred
Yecy vrkyer *ckJn 144121 ol CtK•ttieS 3)1 ￿ ¢th6 3)1 l an Indep￿￿ty
Having 50h5figd myself the ch￿lty ￿ not S4Jt4ed to QLwJtvthcLyry(wiykn¥¢￿ tsdlOtyef
8p8ndeniexamMolion. my f¥rK￿￿t￿tyto".
exlYrri￿ the occoun* undor (section 14501 20T l
to fdloving the ryOcedL￿eS geneFoI bylhe CPK
Comnwon undBr seclion 14515llbl of Die Xll l ACt.and
lo state rwllw5 hove come lo rryutten*x)
exarr¥mlbn WJS tsL>lin ocCud￿ce *llh the GenBral pv$n by tre C*arfty
Comyiswn. kn exgFTHtstshtsi o re￿i￿￿Of I￿acccAm￿[vjTEcry￿5 kepl by the Ch<yity
and o COFnp¢thn of *he (JcC￿JD15 ￿e￿nted ¥%i*h those ree(*dL It dso ir￿deS Con*detrOi￿ d
any utW5uoI items or dtsdOsl￿es vi o¢¢¢￿1S.arx1 5eekng 0xKknnctv￿ fTom Ihe tru51
cont￿￿r￿J any such TtK]Mw¥ Tre twoceeu￿5 LThthrttsken do rK>t wo¥MJe OH trE e¥Mlence that
VKJuld be rFqwed In ¢VKJ con*yntly rK) givèn ts to wthe.,h￿ Me x¢wnts
o*ue f0rv1vwor￿ io tt¥xe n¥J¢kn*l (xjt wtrt1￿ Slate[r￿., b6b)w.
In ¢orwÈ*hon *ittTr my extyYinolKm. Th) r￿j￿erha5 c(Krrto ollenkn..
111 gwe5 rne reo¥onoble c(RW￿ to beSwe MI*￿￿￿e¥)ect he
ro keep octt￿nhng re¢cA£YS In occordance 50¢￿0￿ 386 of me Crylon￿5 Act YJ]6.'
ond to Fxepye occThJnlsffth acc<rt acco￿tir￿a rec<Jrth. c(mply %Mth the
accounbng leg￿ements ol 386 oflh& Corypjri2S￿I I￿60f￿￿￿11h the
rn¢MOdS of ts SlotemÈnl ol RecL¥Tynom(*È(l ￿hce.. kcowliTV
Rewtiry by
P) to ¥￿ICkL in my ¢p￿￿on. attentiLY4uddbe inudcrto ￿(￿je a rmperLvthsi¢¥XlifvJ
ol Ihe ¢Jcc(wts lo be reoched.
DTrSUvc and AW￿l¢SlId
74FINmCtse
E￿%￿709

THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCGJ THE CHAPEL OF COURAGE
STATEMENT OF FINANCIAL ACTIVMES
For th• Y•ar ended 37 August 2024
Umestiicled
Fund
2024
Unreslricted
Fund
2023
Notes
Incom• from donollon ond l•gocles:
Donations
103.864
85.494
Income from charftable aelfvllles:
Rent ond focility hire
).147
13,581
Total Income
144,011
99.075
EXPENDITURE
Ch¢wttobl• expèndllurè:
Grants ond donation
Costs ol activities tor Ch￿itable objective
Support costs
Management and odministration
22,783
9,392
61.273
38,424
9,466
12.071
59,437
31,363
Total Expendllure
131,872
112,337
Net incomellexpenditurel
12.139
113.2621
Opening balance
162.744
I76,￿6
Fund bolance at 31 August
174,883
162,744

REDEEMED CHRisnAN CHURCH OF GOD fRCCG'? THE CHAPEL OF COURAGE
BALANCE SHEET
AS AT31 AUGUST 2024
2023
Flxed assets
Tangible rued assets
381,253
397.657
Currenl assets
Debtor
Cash at bank
40.307
40.847
81.154
14.776
51,636
66.412
Credllors: amount fawng due wllhln one ye
10
76,923
66.771
Nel current a￿e*S
4.231
13591
Total assets less cuThent Iloblllles
397.298
Cre(knr$: amount lalung du• aller m(Ye lIK￿ one ye
210,601
234.554
174.883
162.744
Income Fvnds
Unreslricted Fund5- General Funds
12
174.883
162,744

REDEEMED CHRISTIAN CHURCH OF GOD fRCCGI THE CHAPEI OF COURAGE
BALANCE SHEET (CONTINUED)
AS AT31 AUGusf2024
In preporing tt)is financial stotemenf.
I l The directors are of the opinion that company is entilled to exemption from
audit under section 477121 of the Companie5 Act 2(X16 relating to small componie5.
21 No notice has been deposiled under section 476 of the Companies Act 2CM)6 ond
31 The directors acknO￿edge their responsibilities for..
. Ensuring that the compony keep accounting records vthich comply Mlh
section 386 of the Componies Act and
. Preporing occounts which give true ond fow view of the stole of offoirs of the
company a5 at the end of Ihe financial year and of tt's surplus ar)d deficit in
accordance wth the requirements of section 396, ond which olhewse comp
with the requffements of Ihis Act relating lo accounts, 50 far as opplicoije to the
ompony.
Tris fmanciol statement hove been prepored in occordonce wtti the provisions
opplicoble to componies 5E3biect to the 5moll componies regime.
Approved on behall of Ihe board oflrvstees on Ihe
Dcn5 Oluyemisi A. Omoloyo
Tffustee
Dcn5 Omolode B. Sanu

%EtsEEAIED CHRisllAN CHUICH OFGOD IYCV)THEaiAp& OFCOUIAGE
FOR IHE YEAR ￿l￿D 31 AUGIIS12024
l. Accouhffirwj poky
The Pri￿1p0S c*ctsJntiThJ wJioe5. dl ofwfich Ip2V8 been opttsl Cor￿￿tt￿o￿h￿rt
the year. (Te 5ettrJt belovr.
Thtr ￿￿)ntial 51oternents been Fyewed Und￿￿¢ ￿r￿Cal costconvention in
occorctarlce wtlh opDfC0L￿e occixitTrling 5t£￿￿d%0r￿￿ TrE51iJlemenl of Recommtsn￿d
Proctice.. *£countw￿ ond Rer)crftiro by Ct*trritie51SORP iswed in Mcych XX)5.
Ib} r•¢¢wnkni
GenÈrol lund5 ore urweslricted lurKls wlyc* lye ovcaolye foruse ok the distrelionof the ItLP5tees
in lutlher(Y￿e ol ts general ot¥eC￿Ve5 01 ar￿j whch hove rK)t been de>grKJted ICY
Icl lttcon* Tes¢>w¢es
Income is recogThsed in ts p￿(￿1 Cknty h05 enltlletnenl 10 recepts ond the
amolinl caTI b* meo$L￿d I￿1h rea￿￿￿1￿C￿lo1nty. Thwelor& filt￿5. OMaing& Dcwli¢)rLS
4JKJ *M￿￿[￿o￿n9 res<)uce5ap Ir￿L￿84 in Ihe very in which Ilw(*e iec•v8d.
Idl RESOWCeS ewded
coleg￿e5 thol awegtsre costs Ic*allc>colion lo ocffvitie5. costs corwt oe (kncfy
ot*tbuled lo ￿lCUl￿o¢11¥illeS l+w FKNebeen c*)coted on o tKXS consistentwth Ihe use of
The cFKEStyi5 Ml re9slwed forVAI antl gi)550f NrecovatrA&
VAI.
(•} Cash lkn¥
Thts fin(sn¢iol slalements (Jo not inchJd8 o c05h l10wslatementbeeL￿ Iheclvch. 0$ c SIT￿ll
rÈwrhng entity. is exempt from the retyHremenl lo 510lemenF(h)J￿1he firKrri
￿e￿ing stor￿Ord l¢ySmrJler Enhie5 le118etive Ju*ie 3))2).
(l) TunglLl• fiyed (bmels de1￿]￿r￿n
Sets cosliw more Ihts) £dW rye cgtxldi5ed.
TangtAe fiKed 05setsue stoted atC051aFxI dweootr￿j ￿ a Ski￿11￿* txzisov￿1tMuSeflA
ewnoTnic liv*as foHcths:
Fteehdd 8LMldin
ChJrcb EWip￿￿t
Fixlwe5 & ￿lti
•) O•l•n•d kncorn•
Where urtonL*lio￿l ￿tr1erT￿l ID irtomer8CWVOtJe is dep￿xIent￿0n ftthment of
¢ondiftor6witrin Ibe Ch￿l￿S contrd. Ihe irtome ts recogrise(I wlEn there is wfficienl
evidence knal conditions te met.Where Ihere ts uncerttynly os Io %*tslher Ihe
con wch ccrylltiL¥s Ihe cbglwred.

REDEEMED CHItISIIAN CNURCM OF GOD fRCCGJ IHE CHAPEL OF COURAGE
IK)TES TO IHE HNANCIAL STATEMENTS (Contd)
For Ihe ye<Y endvd 31 AvgvJ12024
Unrestricted
Fund
Fvnd
)23
2 Income from dontilion 4md l•gaci•s
rithe & Offer*rg
Gift Aid
other Incomes
82.591
20.752
521
103.864
72.￿1
12.942
251
85,494
3 I￿oM* Irom chaltable actrAlle&
Rent and facli ity
40.147
13,581
40.147
13.581
4 Grants and DonaHons
RCCG- Worfd Evongelical Mi$5K)n
RCCG- Centrol Office Fund
Other Grants & DOn0t￿n$
17.631
550
7.116
670
9,466
22.783
S Cost d AthINe$ l¢r Ch<rfdM• ObJéclfv•
Wellor8/h(Tdship Gtant
Ovtreoch. Conferences & Events
8.192
12.071
9.392
12.071
6. Svpport Cost
Rent & Rate
Stationery. Printing. Books& Joumds
Telephone. Inlemet & IT C05ts
Tron$p￿￿OI10n & Logistics Costs
Insuronce
Premise5 Expenses
Bonk Interest & Charges
Repoirs. Renewals & Maintenance cost
Depreciation
Svncty Expenses
14.076
1573
1.592
7.354
333
14,472
490
3.826
2.439
320
21.321
2238
17.170
$26
61.273
18.201
3.940
17.396
353
59,437
10

THE REDEEMED CHRISTIAN CHUICH OF GOD fRCCGJTHE CHAPEL OF COURAGE
NOTES TO THE FINANCIAL STATEMENTS (Contd)
F<Jr th• Y•￿ •nd•d 31 Augu￿ 2024
2(J23
7. Management and Admini51ralion
Accounloncy & Poyroll fees
Stoff/Volunteer Cosls
Legal, Consultancy & Profe55ionol fees
Troining & Semirnr cost
1.955
1.890
28.(XX)
1,473
3.407
3.068
31.363
8. Tonglble ffxed <usets
Freehold
Church
operfles Equlprnent
Flxtures &
Fllllngs
Tolol
Cosl
At 01109123
Addittons
Disposd
AI 31108124
414,470
39.852
766
460.523
766
414A70
40.618
6.201
461.289
A¢cvmulated Depreclallon
At 01109/23
Depreciakn"on for Ihe year
Disposal
At 31108124
35.114
13.037
21.551
4.133
6.201
62,866
17,170
48.151
25.
4201
Net Book value
At 31108124
366.319
14.934
381,253
At 31108123
379.356
18,301
397,657
11

REDEEMED CH%isnAN CHUIECH OF GOD fRCCG'J THE CHAPEL OF COURAGE
NOTES TO THE FINANCIAL STATEMENTS (cont[nL￿d)
Por Ihe y•or •nd•d 31 August 2024
2024
2023
9. Debtors
Accrued Incom& Gtft AÉd
other Debtors
17.682
22,625
12.051
2.725
40,307
14.776
10. Credllors: amount falllng due wlthln one year
Bank Loan
Deferred Income
Accwals
other Creditors
20.326
10.238
54586
1.890
55
T.955
56
76,923
66,769
I l. Credllors: amount fallng due after one year
Bank Loan
210,601
234.554
210.601
234.554
12. Movement In fvnds
Opening bdance
162,744
176.006
5urplu5 for the year
Balance as al 31 Avgu512024
12.139
113,2621
174.883
162.744
12

REDEEMED CHRISTIAN CHURCH OF GOD fRCCGJ THE CHAPEI OF COURAGE
NOTES TO THE FINANCIAL STATEMENTS (Conllnued)
For the yecw end•d 37 Avgu3t 2024
lJ. T¢Jxatlon
RCCG The Chapel of Courage is now an incorporated charity and is elig-
ible to the exemptions from taxalion ovoiloble to chorities on their charit-
oble activities. No charge to taxation therefore arises.
14. Tluslee remvnerallon and related party htsmall¢
No trustee has received any remunerotion or reimbursement of expenses
In connection with work cotyied out in performance of hislher dulles.
2024
2023
Salary pokl lo Telaled party.
Postor Olajide Joseph Omotayo
28.000
13