Charity Registration No. 1185147 Company Registration 12138281 REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG' THE CHAPEL OF COURAGE Report & Financial Statement for FOR THE YEAR ENDED 31 AUGUST 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD {"RCCG") THE CHAPEL OF COURAGE FOR THE YEAR ENDED 31 AUGUST 2025 REPORT AND FINANCIAL STATEMENTS CONTENTS REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEEr NOTES TO THE FINANCIAL STATEMENT 9-13
REDEEMED CHftISIIAN CHURCH OF GOD THE CHAPEL OF COURAGE GENERAL INFORMATION BOARD MEMBERS, OFFICERS, ADVISERS AND BANKERS General Overseer statutory Registration Pastor E A Adeboye New Chority Commission Registrotion Charity Number.. 1185147 Compony Reoislrolion Number.. 12138281 Director5/Tru5tees= The Irustees who served dTJring the perrod were 05 follow.- Fostor Ajoke Age Mr Rasheed Abayomi Amunikoro Postor James Oladimeji Poslor Oluyemisi Alaba Omolayo Mr Oluwa5eun OIu5hanu Deoconess Omolode Bose Sonusi Senlor Pastor Postor Olajide Joseph Omoloyo Règistèrèd Addrèss RCCG The Chapel of Courage 164 Foringdon Avenue Horold Hill Romlord RM3 8JT Bankèrs Lloyds Bonk PIC Slotion Porode Barking Essex IGII 8ED
THE REDEEMED CHRISTIAN CHURCH OF GOD {"RCCG")THE CHAPEL OF COURAGE THE YEAR ENDED 31 AUGUST2025 Report of the Trv$tee$ The Iruslees present the annual report and financial statemenl of The Redeemed Christian Church of God IRCCGI the Chapel of Courage for the year ended 31 st Augusl 2025 Objectives The principal activities of this charily is the advancement of the Chrislion failh in the United Kingdom and Ihe relief of poverly, especially those within the area of operalion. STRUCTURE GOVERNANCE AND MANAGEMENT The Redeemed Christion Church of God IRCCGI the Chapel of Courage registered charity (number 11851471 and Company Limited by guaronlee 1121382811 and it is governed by ils Article of Association. Organlsallon ond Structure The management of this Charity is Ihe responsibility of the Board of Truslees. Who have been co- opted for their skills and experience and ore required to allend induction and training in order lo keep up to dote. The doy to day running of the Charity is the responsibility of the Senior Postor. He is ossisled by o Council of minislers, whom he delegates responsibililies to regularly. They discuss regularly, to review the activilies of the church and to make decisions on crucial malters. Summary ol the year under revlew. In the year under review. the main aclivities of the Church are carried out physically on Sundays at the Gideo Park Methodist Church, 398 Brentwood Road, RM2 6DH In the year under review, the church organised a youth conference, which wos well attended by young people from our community and parishes around London. The Church continue lo be a Sunday school hub for distribution of Sunday Manual and a Festival of Life Workers rally hub. This year over ten ordained minigters from Ihe churc attended the annual RCCG ordained ministers conference. held at the Redemption Camp, Farnham, Guildford.
THE REDEEMED CHRISTIAN CHURCH OF GOD {"RCCG")THE CHAPEL OF COURAGE THE YEAR ENDED 31 AUGUST 2025 Report of the Trustees Financial review The Charitys financial statement for the year ended 31 August 2025 shows a nel increase in funds of £ I o.(x)7 12024.. £12.1391: Tolol unrestricted fund is £184.89012024: £174.8831 Related party relatlonshlp RCCG the Chapel of Couroge is a member of the Redeemed Christian Church of God worldwide, agreed under'the agreement of common purposes, withlhe RCCG UK. Rlsk management The trustees have assessed Ihe major risks to which the charity is exposed to, in particular those relating to Ihe operations and finances of the charity and are satisfied that syslems are in place to mitigate exposure to any major risks. In order to safeguard the welfare of Children and young people the Church operales a Child protection policy. All Childrenlyouth workers ore corefully screened ond have an enhanced Disclosure and Barring Service IDBSI check. Reserve Pollcy RCCG the Chapel of Courage ensures Ihal a reserve to cover the fixed operational costs are maintained at all limes, to protect unforseen contigencies. Grant Maklng Pollcy RCCG the Chapel of Courage make conlibutions to the RCCG WEM, RCCG Central office, Festival of life in fuifilment of il's obligations. The Charity also moke donations lo other Charities in the UK from time to time.
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE CHAPEL OF COURAGE THE YEAR ENDED 31 AUGUST2025 Report of the Trustees (Contlnued) Volunteers We are very grateful to all the volunteers for their commitment and support throughtout the the year. May the Lord continue to bless and uphold our volunteers for their labour of love. Public Benefit In establishing the programmes and activities of RCCG the Chapel of Courage, the trustees consider its benefit to the general public within the community and in line with it's charity objects of advancing christian faith in United Kingdom and the relief of poverty. The trustees ensure that the Charity Commission's guidelines on public benefit are followed in all their operations, planning and decision making. Trustees, responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity and of the charity and of the surplus or deficit of the charity for that period. In preparino those financial statements the trustees have: Selected suitable accounting policies and applied them consistently; Made judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will continue in operation). The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for takina reasonable steDS for the detection and Drevention of fraud and other irregularities. This r port was approved by the board of trustees on the 07112- . 2025 Mrs Omolade Bose Sanusi For: The Board of Trustees
Independent Examiner'5 Report lo the Trv51ees of THE REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'J THE CHAPEL OF COURAGE We report on Ihe accounts ol the Redeemed Chriglian Church ol God l RCCG"I- The Chopel of Covroge l(y the yeor en(Je(J 31st August 2025. which ore set out on pages 6 to 13. Respect? iespon$lbllltles oltiustee$ ond examlner The Iruslees Iwho ore also the direclors of the compcjny for the purposes ol company lawl ore responsible l(y the preporolion of the occounts. The trustees consider thol on oudit is not requirecl for this year under section 144121 ol the Charitie5 Act 2011 Ithe 2011 Acll and that an independent eyamin¢Jlion is T)eeded. Having 5ali51ied myself that the charity is not subject lo audit under company law and is eligilbe lor iT)dependeT)l examinolion,11 is my responsibilily10.. exomine the occovnt under (section 145 of the 2011 Act.. lo Following the procedure5 laid down in the general Direction5 given by the Charity Commission vnder section 14515llbl ol Ihe 2)1 l Act., ancj 10 51ote whether porticulor motlers hove come lo my ortenlion tyasls ol Indepondent exomlners roport My examiT)olion w¢Js corried oul in tsccordance wilh the GenerL)l Directions given by the Chorilv Commission. An exominolion inclvdes o review of the occovnling records kept by the Chority and a comparison ol the accounts presented with those records. It also include5 consideration ol cjny vnusuol items or disclosures in the occounls, ond seeking explanations from the Iruslees concerning ony such motter5. The procedures un(Jertoken do not provide oll the evidence thot would be required in an audit and consequently no opinion is given as to whether the accounts present a true cjnd fair view tsnd Ihereport is limiled lo Ihose mollers sel oul in Ihe slcjlemenl below. Independenl exomlnerfs statrement In connection with my examination. no matter ha5 Come lo my atlenlion.. 11 I which gives me reasonable couse lo believe Ihol. in any molerial respect the requirements.. lo keep occounling records in occordonce with section 386 01 the Componies Act 2W6', and lo prepare accounts which accord with the accounting record5. comply with the accounting requiremeT)Is of the section 386 01 the Comp¢Jnies Act 2rJ)6 on¢J with the methods ond principles ol the Stolement of Recornmemded Proclice.. Accounting and Repoting by Charitie5 121 lo which, in my opinion, allenlion should be drawn in trder lo encjble o proper vnderslonding of the accounts to be reochecl. Mrs Elleen Dth.51 ts FCCA DLISilva and As50Ciale5 Ltd 14 Farm Close Dggenhgm Essex RMIO 9TX 18th December - 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE CHAPEL OF COURAGE STATEMENT OF FINANCIAL ACTIVITIES For the Year ended 31 August 2025 Unrestricted Fund 2025 Unrestricted Fund 2024 Notes Income from donolion ond legocie$: Donations 116,399 103,864 Income from choriloble oclivilies: Renl and facility hire 25.529 40,147 Totol Income 141,928 144,011 EXPENDITURE Charitable expendilure: Grants and donation Costs of activities for charitable objective Support costs Management and administration 19.510 11,622 61,073 39,716 22,783 9,392 61,273 38,424 Total Expendlture 131,921 131,872 Net incomellexpenditurel 10,007 12,139 Opening balance 174,883 162,744 Fund balance ot 31 August 184,890 174,883
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE CHAPEL OF COURAGE BALANCE SHEET AS AT31 AUGUST2025 2025 2024 Notes Fixed assets Tangible fixed assets 363.857 381,253 Current os$ets Deblor Cash at bank 35,337 69.222 104.559 40,307 40,847 81,154 Credllors: amount falllng due wllhln one year 67.260 76,923 Net current assets 37.299 4,231 Tolal ossets les$ current liobililies 401,156 385,484 Creditors: amount falling due after more than one year 216.266 210,601 184.890 174,883 Income Funds Unrestricled Funds- General Funds 184,890 174,8
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE CHAPEL OF COURAGE BALANCE SHEET (CONTINUED) AS AT31 AUGUST2025 In preparing this financial statement: l ) The directors are of the opinion that the company is entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies. 2) No notice has been deposited under section 476 of the Companies Act 2006 and 3) The directors acknowledge their responsibilities for; . Ensuring that the company keep accounting records which comply with section 386 of the Companies Act 2006 and . Preparing accounts which give true and fair view of the state of affairs of the company as at the end of the financial year and of it's surplus and deficit in accordance with the requirements of section 396, and which otherwise comply with the requirements of this Act relating to accounts, so far as applicable to the company. This financial statement have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved on behalf of the board of trustees on the 2025 j! Mrs Oluye Trustee isi A. Omotayo Mrs Omolade B. Sanusi Trustee
REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'I THE CHAPEI OF COURAGE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGU5T2025 l. Accountln9 policy The principol occounting policies, oll of which hove been opplied consistently throvghovt the yeai. are Set out below". lol Scope ond busis of Ihe linanciol st•temenls The finonciol slolements hove been prepored under the historicol cost convention ond in accordance with applicable accounting standard5 and The Statemènt ol Recomrnended Piactice.. Accounling and Reporting by Charities ISORP 20051 issued in March 2005. Ibl Fund accountlng General funds are unrestricted funds which ale available for use at the discretion of the tnJstees in Ivrtheionce of the generol objectives of the porish ond which hove not been designated lor other purposes. Icl Incoming re50urce5 Income is iecognised in the period the Charity hos entillernent to the receipts ond the amount can be measured with reasonable certainty. Therefore Tithes. Offerings. Donations ond similor incoming resources ore inclvded in the yeor in which they ore received. Idl Resourees expended All expenditure 15 accounted for on accrual basis and ha5 been included under expense cotegories thot oggregote oll costs for ollocotion lo o¢tivities. Where costs Connot be directly ottributèd to ptsrticular oclivi11è5 thèy hove been ollocated on a basis con5i5tent wilh the use ol The charity 15 not registered for VAT and accoidingly expenditure 15 shown gloss of irrecovable VAT. lel Ca$h flow The financial 5tatemen15 do not include a cash flow slalement because the church. as a small reporting entity. is exempt from the requirement to prepare such a stotement under the financial Reporting Standard lor Smollei Entities lelleclive June 20021. 11) Tonglble flxed os$et$ und depreclotlon All ossets costing more thon £400 ore ¢opitolised. Tangible fixed asset5 ale stated at cost and depieciated on a straight line basis over their useful economic lives as follows.. Freehold Building Church Equipment Fixtures & Fittings 25 years 4 years 4 yeois g) Defeffed Income Where uncondilionol entitlement lo income receivoble is dependent upon lullilment of condition5 Wlthin the charity 5 control. the income 15 iecogni5ed when there is sumicient vidence thot conditions will be met.Wh&re ther& is uncertainty 05 to wh&lher th8 chority con meet such conditions the income is deferred.
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE CHAPEL OF COURAGE NOTES TO THE FINANCIAL STATEMENTS (Conld) For the year ended 31 August 2025 Unrestricted Fund Unre51ricted Fund 2025 2024 2 Income Irom donatlon and legacles rilhe & Offering Gill Aid other Incomes 93,243 19,429 3,727 116,399 82,591 20.752 521 103.864 3 Income from charitable activities: Rent ond facilily 25.529 25.529 13,581 13,581 4 Grants and Donallons RCCG- World Evangelical Mission RCCG- Central Office Fund other Gronls & Donotions 16,799 600 7,116 1,680 670 9,466 19,510 5 Cost of A¢livilies for Choriloble Objective Welfare/hordship Grant Outreach, Conferences & Events 10,312 11.622 12,071 12,071 6. Support Cost Rent & Rate Slalionery. Printing, Books& Journals Telephone, Internel & IT Costs Tron5porlalion & LogistlC5 C051s In5uronce Bank Inlerest & Charges Repairs. Renewals & Maintenonce cost Depreciation Sundry Expenses 15,654 14.472 490 1,826 2,439 320 18,201 3,940 17.396 353 59.437 1,090 2.547 352 19.451 17,396 1,445 61,073 10
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG")THE CHAPEL OF COURAGE NOTES TO THE FINANCIAL STATEMENTS {Contd) For the year ended 31 August 2025 2025 2024 7. Management and Administration Accountancy & Payroll fees Staff/Volunteer Costs Legal, Consultancy & Professional fees Training & Seminar cost 4.065 30,000 3.759 1,892 39,716 1 ,955 30,000 3,401 3,068 38,424 8. Tanglble flxed assets Freehold Propertles Church Eqvlpment Fixtures & Flttlngs 38 Total Cosl AI 01109124 Additions Disposal AI 31108125 414.470 40.618 6,201 461,289 414,470 40,618 6,201 461,289 Accumulated Depreciation AI 01109/24 Depreciation for the year Disposal At 31108125 Net Book value At 31108125 48,151 13.263 25,684 4.133 6,201 80,036 17,396 61,414 29,817 6,201 97,432 353,056 10,801 363,857 AI 31108124 366,319 14,934 381,253
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE CHAPEL OF COURAGE NOTES TO THE FINANCIAL STATEMENTS (Conffnued) For Ihe year ended 31 August 2025 2025 2024 9. Debtor$ Accrued Income- Gift Aid other Debtor5 18,874 16,463 17,682 22,625 35.337 40,307 10. Creditors: amount falling due within one year Bank Loan Deferred Income Accrua15 other Creditor5 10,338 54.586 2,235 101 20.326 54,586 1,955 56 67.260 76,923 1 l. Creditors: amounl falling due after one year Bank Loan 216,266 210.601 216,266 210.601 12. Movement In funds Opening balance Surplus for the year Balance as at 31 August 2025 174,883 162.744 10,007 184.890 12,139 174.883 12
REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE CHAPEL OF COURAGE NOTES TO THE FINANCIAL STATEMENTS {Contlnued) For the year ended 31 August 2025 13. Taxatlon RCCG The Chapel of Courage is now an incorporaled charity and is elig- ible lo the exemptions from taxation available to charities on their charil- able activities. No charge to taxation therefore arises. 14. Trustee remuneration and related party information No trustee has received any remuneration or reimbursement of expenses in connection with work carried out in performance of his/her dulles. 2025 2024 Salary paid to related party. Pastor Olajide Joseph Omotayo 30,000 30,000