REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF MERCY COVENTRY
REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF MERCY COVENTRY
TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2025
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REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF MERCY COVENTRY
| Page | |
|---|---|
| Corporate Information | 3 |
| Board of Trustee’s Report | 4 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Accounting Policies | 11 |
| Notes | 12 |
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Corporate Information
Registered Charity Number: 1192302 Registered Office: Bedlam Lane Longford, Coventry CV6 6AR Parish Pastor: Pastor Tunde Emmanuel Madariola Board of Trustees: Mr Olakunle Ikuomola Mr Olaniyi Adegunna Mr Evans Robert Bankers: Barclays Bank PLC 1 Churchill Place, London, England E14 5HP
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Board of Trustee’s Report
1.0 Introduction
The Board of Trustees present their report and accounts for the period ended 31st August 2025. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.
1.1 Public Benefit Statement
The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".
1.2 Structure, Governance and Management
1.2.1 Governing Document
The charity is constituted as a “Trust” and Governed by ‘Trust Deed’ dated 10 November 2020.
1.2.2 Trustee Appointments
Trustees are appointed under the terms of the trust deed.
1.2.3 Induction and Training Policies
The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Parish pastor on the powers and responsibilities of the Trustees.
1.2.4 Organisational Structure
The Redeemed Christian Church of God, House of Mercy, Coventry is a charity registered in 2020. It is governed by a Memorandum of Articles of Association and is controlled by a board of trustees whose members are appointed as set out in the Memorandum of Association and Constitution of the charity. Membership of the Board of Trustees consists of 3 individuals appointed by the charity who are of high spiritual and moral standing.
1.2.5 Related Party Relationships
The charity is a parish of The Redeemed Christian Church of God which has parishes all over the world.
The parish’s relationship with other parishes is governed by an ‘Agreement for Common Purposes’.
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Board of Trustee’s Report
1.2.6 Risk Management
The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.
2.0 Objectives and Global Outreach
2.1 Objectives and Activities
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To advance the Christian Faith in Coventry and in such other parts of the United Kingdom or the World as the Trustees may from time to time think fit.
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To relieve people who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in Coventry and in such other parts of the United Kingdom or the world as the Trustees may from to time think fit.
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To advance education in accordance with Christian principles in Coventry and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
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To promote and fulfil such other charitable purposes beneficial to the community in Coventry and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
2.2 Grant Making Policies
Under the ‘’Agreement for common purpose’’, the charity has agreed to make regular contribution to the World Evangelism Mission (WEM) through RCCG Central Office UK to support church planting and missionary objectives, such as Festival of Life, Good Women Fellowship, Annual Convention held at RCCG National Headquarter.
2.3 Contributions Made by Volunteers
The charity enjoys the services of various volunteers, who contribute enormously in various areas of service provision, development and implementation of the Church’s vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations.
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Board of Trustee’s Report
2.4 Achievement and Performance
The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed.
3.0 Financial Reviews
During the period, the total of sum £86,129 was received in voluntary income. Total resources expended was £54,764 thus resulting in operating surplus of £31,365. Cash at the end of the period was £2,980.
3.1 Principal Funding Sources
The charity’s main source of fund this year has been through voluntary donations from members.
4.0 Future Development
The Charity plans to continue with its various activities relevant to its local community. In the coming year, the Charity plans to organise more developmental seminar/conference and workshops for its members and local community,
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Board of Trustee’s Report
Trustees’ Responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that 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 taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accrual’s basis and
have been examined by an independent examiner, whose report is also appended.
This report was approved by the Board of Trustees on 14 December 2025 and signed on their behalf
by:
On behalf of the charity:
Mr Olakunle Ikuomola
Chairman, Board of Trustees
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Independent Examiner’s Report
Report to the trustees/members of: The Redeemed Christian Church of God, House of Mercy, Coventry. On accounts for the year ended: 31st August 2025, set out on pages 9 - 13 Charity No: 1192302
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 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention low:
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(1) which give me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act;
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 14 December 2025
Name: Tobi Labeodan FCCA, for and on behalf of Chedders Ltd
Relevant professional qualification(s) or body (if any): ACCA
Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden, B95 5FY
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Statement of Financial Activities: Period Ending 31st August 2025
| Notes Income: Donations and legacies 1 Other income (Grants) 1 Total Income Total Income Expenditures on: Charitable Activities 2 Other Charitable Activities 2 Other Costs 2 Total Expenditures Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Gains/(losses) on investment assets Net movement in funds Reconciliation of funds: Total funds brought forward at 1 March 2024 Total funds carried forward at 28 February 2025 |
2025 2025 2025 Unrestricted Funds Restricted Funds Total Funds £ £ £ 69,035 69,035 17,094 - 17,094 86,129 - 86,129 86,129 - 86,129 42,700 - 42,700 10,474 - 10,474 1,590 - 1,590 54,764 - 54,764 31,365 - 31,365 - - 31,365 - 31,365 25,052 - 25,052 56,418 - 56,418 |
2024 2024 2024 |
|---|---|---|
| Unrestricted Funds Restricted Funds Total Funds |
||
| £ £ £ |
||
| 42,778 - 42,778 |
||
| 8,689 - 8,689 |
||
| 51,467 - 51,467 |
||
| 51,467 - 51,467 |
||
| 27,484 - 27,484 |
||
| 7,804 - 7,804 |
||
| 620 - 620 |
||
| 35,908 - 35,908 |
||
| 15,559 - 15,559 |
||
| - | ||
| - | ||
| 15,559 - 15,559 |
||
| 9,493 - 9,493 |
||
| 25,052 - 25,052 |
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Statement of Financial Position: Period Ending 31st August 2025
| Notes Fixed Asset Tangible assets 3 Total Fixed Asset Current Assets Loans & Advances Accrued Income Cash at bank and in hand Other Debtors Total Current Assets Creditors: amounts falling due within one year Other Creditors Other Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year Bank loans and other finance (long term) Other Non-Current Liabilities Total Creditors: amounts falling due after more than one year Total net assets (liabilities) The funds of the charity: Restricted Reserve General reserves Surplus/(Deficit) for the year Total charity funds |
2025 £ 40,906 40,906 2,000 12,912 2,980 15,714 33,606 1,128 1,128 32,478 73,384 16,966 16,966 56,418 25,052 31,366 56,418 |
2024 |
|---|---|---|
| £ | ||
| 528 | ||
| 528 | ||
| 8,689 | ||
| 16,959 | ||
| 25,648 | ||
| 1,124 | ||
| 1,124 | ||
| 24,524 | ||
| 25,052 | ||
| - | ||
| 25,052 | ||
| 9,493 | ||
| 15,559 | ||
| 25,052 |
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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 2005.
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. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets with an individual purchase of £500 or more are capitalised and 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% |
|---|---|
| Equipment | 25% |
| Vehicles | 25% |
| Building | 2% |
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Notes
1 Donations and Legacies
| Income Donations and legacies Restricted Income Total donations & legacies Other income Gift Aid Receipts Other income Total other income Total Income 2 Expenditures Charitable Activities Premises Utilities Travel Motoring & Transportation Insurance Administration Advertising Operations Finance Charges Depreciation Honorarium Total Charitable Activities Other Charitable Activities Outreach Central Office Welfare & Benevolence Charitable Donations Total Other Charitable Activities Other Costs Professional fees and services Legal fees Total Other Costs |
2025 £ 69,035 - 69,035 14,094 3,000 17,094 |
2024 |
|---|---|---|
| £ | ||
| 42,778 | ||
| - | ||
| 42,778 | ||
| 8,689 | ||
| 8,689 | ||
| 86,129 2025 £ 14,461 2,685 6,789 1,738 4,060 1,622 798 5,036 - 1,005 4,505 42,700 1,900 4,962 3,261 350 |
||
| 51,467 | ||
| 2024 | ||
| £ | ||
| 6,189 | ||
| 1,946 | ||
| 4,523 | ||
| 1,738 | ||
| 254 | ||
| 2,249 | ||
| 183 | ||
| 5,214 | ||
| 4 | ||
| 122 | ||
| 5,062 | ||
| 27,484 | ||
| - | ||
| 2,175 | ||
| 3,016 | ||
| 2,613 | ||
| 10,474 670 920 1,590 |
7,804 | |
| 620 | ||
| - | ||
| 620 |
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Notes
3. Related Party Transactions
During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.
4. Trustee Remuneration & Expenses
During the year, there were not payments or reimbursement of expenses to trustee members.
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