THE REDEEMED CHRISTIAN CHURCH OF GOD
(RCCG) KING'S TOWER ASSEMBLY
Company reg. no-. 13746020
Charity rcg. no.. l 197654
DIRECTORS. REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2024

THE REDEEMED CHRisfiAN CHURCH OF GOD
{RCCGI KING'S TOWER ASSEMBLY
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDEO 30 NOVEMBER 2024
CONTENTS
PAGE
Reference and administrative detsils
Dirertors report
Independent Examinerfs report
Statement of financial activities
statement of financial position
io.
Note5 to the accounts
Page I

THE REDEEMED CHRISTtAN CHURCH OF GOD
{RCCG) KING'S TOWER ASSEMBLY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS DIRECTORS AND
ADVISERS FOR ThE PERIOD ENDED 30 NOVEMBER 2024
Directors
Ibikunle Adewunmi Oduyemi
Peter Bamikole Oladipo
Fatima Musa
Secretary
Israel David Oluwatobi
Company registered
number
13746020
Charity registered
number
1197654
Principal Office
57 Colesmead Road
Redhill
RHI 2EN
Parish Pastor
Pastor Israel David Olvwatobi
Independent Examiner
Akintayo Oio FCCA
Resource Management Consultants Ltd
46 Hollywood Way
Erith
DA8 2QE
Bankers
Barclays Bank PLC
Market Square
Aylesbury
HP20
Page 2

THE REDEEMED CHRISTtAN CHURCH OF GOD
(RCCG) KING'S TOWER ASSEMBLY
TRUSTEES REPORT
FOR PERIOD ENDED 30 NOVEMBER 2024
The Directors submit their report and financial statement for The Redeemed Christian Church of
God (RCCG) King's Tower Assembly (The Charity) for the period ended 30 November 2024. The
Directors confirrn that the Directors. report and financial statements of the charity comply with
current statutory requirements of the charity's governing document ènd the provisions of the
statement of Recommended PraLtice (SORP) "Accounting and Reporting by Charities" Issued in
March 2005.
STATUS
The Redeemed Christian Church of God (RCCG) King's Tower Assembly 15 a Charitable company.
It was incorporated as a private lirnited company by guarantee without share capital on 16th
November 2021. It replaced a previous (Trust) The Redeemed Christian Church of Gotj King's
Tower Assembly with registration number 1146548.
APPOINTMENT OR ELECTION OF TRUSTEES
Directors are appointed and or co-opted under the terms of the articles of association.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The induction process for a newly appointed Trustee comprises of 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.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the Directors meet regularly to mange its affairs. The parish pastor
manages the day to day administration of the church.
RELATED PARTY TRANSACTION
RCCG King's Tower Assembly 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,.
RISK MANAGEMENT
The Directors have assessed the major risks to which the charity is exposed. in particular those
related to operations and finances of the charity, and are satisfied that systems are in place to
mitigate our exposures to major risks.
OBJECTIVES AND ACTivmES
The principal object is the advancement of Christian faith in accordance with the statement of
beliefs of The Redeemed Christian Church of God. and the relief of poverty. To achieve its
objectives, the church adopted the following strategies:
Running Sunday worship services and midweek bible study.
Supporting other charities and Christian events,
Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD
(RCCG) KING'S TOWER ASSEMBLY
TRUSTEES. REPORT
FOR PERIOD ENDED 30 NOVEMBER 2024
The activities for achieving Tts objectives include-.
Community outrcaih evcnts.
Conferenccs and events.
Welfare support to members and gcneral public, and
Various missionary activilies
PUBLIC BENEFITS
The Church's Sunday and mid-week services a￿ open to the general public to build on their
Christian faith. Apart from Its Church acb"vities, the charity was involved In the following
publ.,c bep,efit efforts..
The ch.arity conducted seminars on marriage, immi9ration and financial empowermeit for
merybers of the community. Professionals in the community were employed for the sem'.nar.
Tr,e =harity organised multicultural event in the community to foster better relationshi p
-￿￿een members, and also to discuss topics bothering on community development.
arity supported notable charities. and also contributed to disaster relief efforts around
th,e wcrtd through Disaster Relief Agencies in UK.
Our efftsts are geared tov¥ards SUPPOrting the prograrnmes of our local community, prornoling
co-.es',
"n In our community, and impatting the lives of the young people and the elderly.
GIiANT MAKING POLICY
The church 5UPPOrts visiting ministers of the gospel both within and outside the United ki ngaom.
.rt is also given to RCCG Central Office, World Evangelism Mission. Festival of Life and
other RCCG programmes. The Church supports other charities and missionary that sha-. es Its
objects In the advancement of Christian faith and relief of poverty.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers v4ho are involved In providing
services for the charity. It is estimated that over 3000 hours are provided by volunteers durin9
the year. If this Is conservatively valued at £8.00 per hour. the volunteers effort will amount to
over £24,000.
Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD
{RCCG) KING'S TOWER ASSEMBLY
TRUSTEES, REPORT
FOR PERIOD ENDED 30 NOVEMBER 2024
REVIEW OF ACTIVITIES
The church continues to enj.oy tremendous growth in its physical and spiritual life during the
vear, and in the advancement of Christian faith In accordance with the doctrines set out in the
Statement of faith contained in our constitution.
RESERVES POLICY
The Company's policy is to have unrestrirted and uncommitted funds (free reserves) to cover
3 to 6 months of resources expended. They feel that this would enable the currenl activities to
continue if there is any significant drop in funding. It would obviously be necessary then to
consider how the funding would be replaced or activities changed. The present free reserve is
below the policy range but the trustees are continuing to seek additional funds for the ￿serVes.
PRINCIPAL FUNDZNG
Funding has been provided mainly through tithes and offerings by church members and
through donations. Pledge5 are also taken for specific projects.
FUTURE DEVELOPMENTS
The charity continues to explore various ways of spreading the gospel of Christ in an effecfive
rnanner. The charity is also looking to grow in membership and continue to develop its mernbers
to make life-changing impact in the community.
The charity has launched the initiative to purchase its property by 2028 for the effective running of
the charity.
Page 5

THE REDEENED CHRISTtAN CHURCH OF GOD
(RCCG) KING'S TOWER ASSEMBLY
TRUSTEES. REPORT
FOR PERIOD ENDED 30 NOVEMBER 2024
STATEMENT OF DIRECTORS, RESPONSIBILITIES
The Directors are responsible for preparing the annual report and financial statements in accordance
with applicable laws and regulations.
Charity law requires the trustees to prepare financial statements for each financial year. Under
that law, the Dirertors have elected to prepare the financial statements in accordance with the
United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards
and applicable law). The financial statements are required to give a true and fair view of the state
of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing the finanaal statements, the Directors are required to:
Select suitable accounting polioes and apply them consistently;
Make judgement and estimates that are reasonable and prudent-
Prepare the finanaal statements on a going concern basis unles5 it is inappropriate to
presume that the company will continue in operation.
The Directors recognise their responsibilities to keep proper accounting records that disclose with
reasonable accuracy at any time the finanaal position of the tharity and enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the company and henceforth taking steps for the prevention and
detertion of fraud and other irregularities.
The appended financial statements have been prepared on the accnjals basis and have been
examined by an independent examiner, whose report is alx) appended.
Approved by the Directors on
2g'f4 June 2025 and si9ned on their behalf bv..
Fatima Musa
Director
Page 6

THE REDEEMED CHRISTtAN CHURCH OF GOD
(RCCG) KING'S TOWER ASSEMBLY
INDEPENDENT EXAMINERS REPORT
FOR PERIOD ENDED 30 NOVEMBER 2024
TO THE DIRECTORS OF ThE REDEEMED CHRISTIAN CHURCH OF GOD {RCCG) KING'S TOWER ASSEMBLY
I report on the accounts of the charity for the period ended 30 November 2024 which Is set out on
pages 9 - 13
REsPE￿1VE RESPONSIBILrrtES OF THE DIRECTORS AND THE EXAMINER
The charity Directors are responsible for the preparation of the accounts. The Charity's DI￿ ctors
consider that an audit is not ￿ quired for the year under settion 142(2) of the Charities Act 2011
and that an independent examination is needed.
Et is my ￿spOnsIbl11ty to-
exomine the accounts under section145 of Charities Act 2011;
follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5)(b) of the 2011 Act. and
State whether particular matters have come to my attention.
BASIS OF MY EXAMINATtON
My examination was carried out in accordance with the 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 account, and seeking explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all evidence that would
be required in an audit, and consequently no opinion is given as to whether the accounts present
a "true and fair" vlew and the report is limited to those matters set out in the statements below
EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
{ l) which gives me reasonable cause to believe that in any material respect the trustees
have not met the requirements to ensure that:
proper accounting records are not kept in accordance with the companies Act- and
accounts are prepared which agree with the accounting records and comply with the
accounting requirernents of the Companies Act 2006- or
(2) to which, in my opinion, attention should be drawn tn order to enable a proper under-
standing of the accounts to be reached.
Akintayo Ojo FCCA g) June 2025
46 Hollywood Way
Erith. DA8 2QE
Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOO IRCCGI KING'S TOWER ASSEMBLY
STATEMENT OF FINANCIAL ACtIVlTIES
FOR PERIOD ENDED 30 NOVEM8ER 2024
2024
2024
2024
2023
Total
Unre51ricted
Itestricted
T¢tal
Funds
Funds
Fun(Js
Funds
INCOMING RESOURCES
Notes
Donations, legacies & similar incoming resoLFrces
Activities in furtherance of charily's object
Investment income
Total incoming resources
58,902
9,494
3.241
62,143
9,494
89,190
1,946
68.396
3.241
71,637
91,135
RESOURCES EXPENDED
Grants payable - individual
Grants payable - institutional
Costs of activities in furtherance of
charities objects
Management and governance costs
Total resources expended
6.680
6.680
9,685
62,232
2.160
71.072
2,225
64,457
2.160
73,297
77,533
2,975
90,193
2.225
Net {outgoing)lincoming resources for year
2,677
1,016
1,661
942
Total funds at the start of the year
1.079
5.005
6,084
5.142
BALANCE AT END OF YEAR
1.598
6,021
4,423
6.084
Movements in reseryes and all recognised and losses are shown above
The charity's incoming ￿sOurceS and resources expended all relate to continuing activities.
Page 8

JlbJ4
Jiii i
FIXED ASSETS
Tangible Fixed assols
CURRENT ASSETS
Cash and bank balancL
LIABILITIES
Amount falling due within one year
12
ASSETS
4.411
CHARrrY FUNDS
General
unrestricted
General
restricted
TOTAL FUNDS
Id
le
4,42J
(al For the year er)ding 30 November 2023 the company was ￿tItle0 to exempmon Irom ludll under Ilibn
477121 of the Companies Act 2006 relarjng to the sm)11 ccmpanies reqime.
Ibl The members have not required the company to obtsin an audit of Its account In a(<.￿'da￿LP wilh
section 476 of the Companies Act 2006.
Icl The directors acknovlledge their responsibillty for.,
i. ensuring the company keeps accounting recor¢s whKh compty with Sedlon J116', and
ii. Preparing accounts whith 9ive a trve and lèir vlew of the state of aflairs ol Lhe coinpoiiy at the eiid
of the financial year. and of its proht and loss lor th¢ ftnanclal yiiar, In arroi'dai)IL" wilh the r(xiyiiviiieiit•
of secuon 39?
and which otherwlse comply Wlih the rL¥JulrLrymL4nis ol Lh¢ Ctyi)paniL*% Atl i&,lJllii¥ 10
accounts. so as far Is appI￿able to the company.
Idl Thar the accounts have been prepared In aCcorda￿t Wih tht pi'(¥vl*loth apl￿1(0￿1e to flYnl)•nie4 %111)Ifit
to the smèll compan*es regime.
Approved by the Directors on
2.(rfj
June 2025 and signc.(l on Ilii'lf l)¢iliiill Iiv..
Fatima Musa
Director
Pagf: 9

THE REDEEMEO CHRISTIAN CHURCH OF GOD IRCCGI KING'S TOWER ASSEMBLY
NOTES TO THE ACCOUNTS
FOR PERIOD ENDED 30 NOVEMBER 2024
I. ACCOUNTING POLICIES
{a) The accounts are prepa￿d uThler ihe historical cost £￿ven￿On and In acCorda￿e with applicable accounting
standards. They follow best practict as set out in the Statement of Recomrnended Prattite.. Accounting and
Reporting by Charities IS08PI issued March 2005 as modifitd for smal￿￿ tharit*s.
Ibl Income and expeneiture Is accounted for on an accruals basls.
Icl Fixe(J assets comprise furntture equiwnent and musltal equipment antl have been costlng More than É30D.
Tangible fixed assets are st3ted at cost less depreciation. Oepreciation is provided at rates catculaied ro write off
the cost of assets. less their estimated residual vèlue. over their expecled useful lives on the following bases".
Musical equiprnent
25% reduciThJ balance
Furniture and rthngs
25Yo reducing balance
25% reducing bèlance
25% reducing balance
Computer equipment
Motor Vehides
Idl Unrestncted fijnds ore Incoming ￿sourceS received for the objects of the tharity without further specified pur)ose
and a￿ available as general funds.
lel Restricted fvnds are subject to restrictjons on their expeThJibJre Imp￿ed by their dorK)rs.
Unre5frirted
Restrirted
Total
Totèl
Fund5
Funds
Funds
Funds
2024
2024
2024
2023
2. DONATIONS. LEGACIES AND SIMILAR INCOMING RESQVRCES
Collertion and other donations
Planned giving
Gift aid receivable
Sundry donations
Building offering
49,842
9,060
49,842
9,060
30
62,731
21,297
4,862
300
89, 190
30
3,211
3,241
3,211
58.902
3. AcfiviTIES IN FURTHERANCE OF CHARITY'S OWECT
Sales of Study manual
Donation to New Parish
HMRC Employer NIC Grant
79
7,358
2,057
9.494
79
7,358
2,057
9,494
1,946
1,946
4. INVESTME NT INCOME
Bank Interest
Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI KING'S TOWER ASSEMBLY
NOTES TO THE ACCOLIHrs
FOR PERIOD ENDED 30 NOVEMBER 2024
2024
2024
2024
2023
vnrestrirted
Restricred
Total
Total
Funds
Fund5
Funds
Funds
5. Grants payable - individual
Individual welfare
6. Grants payable - institutional
Charitable giving -UK
Charitable giving -over5eas
Total
6.680
6,680
9,685
6,680
6.680
9,685
List of institutional grants payable
RCCG WEM
Wodd Evangelism
RCCG Central Office
Central Office Suppo
Festival of ￿fe
Mission support
Camp Ground
Mission support
Compassion
Donation to Charity
Total grant payable institutional
4,200
600
600
4.200
600
600
4,485
600
600
4,000
1.280
6.680
1,280
6.680
9.685
7. COST OF AcrIvtrIES IN FURTHERANCE OF CHARITVS OBJECTS
Visiting speakers expenses
Seminar, conferences and subscriptions
Travel and subsistence
850
439
1,741
19,708
761
3,725
220
836
1,797
21,875
836
1,797
24,100
Hall hire. rent & rates
Music, liturgy & church group
Mission. evangelism & projects
Welfare & hospitality
Telephone & internet
Pri nting, postage, IT consumables and stationery
Motor expenses
Worship cost & church occasion
Training mission
utilities
Depreciation
Insurance
Repair & maintenance
Staff cost
Office expenses
Admin & finance costs
2,225
1,033
591
1,033
591
952
1,272
952
1,272
55
338
390
1,394
3.965
285
6.359
1,240
2,642
128
338
390
1,394
3,965
285
112
26.S90
695
2,062
4,533
1,014
155
31,004
256
112
26.590
742
62.232
742
64,457
2,225
77,533
Page 11

THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCG) KING'S TOWER ASSEMBLY
NOTES TO THE ACCOUNTS
FOR PERIOO ENDED 30 NOVEMBER 2024
2024
2024
2024
2023
UThresthcted
Restritted
Total
Total
Fun¢ts
Funds
Funds
Funds
8. MANAGEMENT AND GOVERNANCE COSTS
Professional fees -Legal & lease
Professional fees -other
Examiner's fees - accountancy
760
1.400
2.160
760
1,400
2,160
1,525
1,450
2,975
9. TANGIBLE FIXED ASSETS
Motor
vehicles
Musical Computers Furniture &
equipment & projectors
rittings
Total
30-Nov
2024
Cost
At l December 2023
Additions
At 30 November 2024
3.995
7,93S
3.226
11.161
6,142
711
6,853
2,747
20,819
3,937
24,756
3.995
2,747
Depreclatlon
At l December 2023
Charge for the year
At 30 November 2024
3.619
376
3,995
4.464
2.335
6,799
5,066
1,254
6,320
2,747
15,896
3,965
19,861
2,747
Net book value
At 30 November 2024
4,362
3,471
533
4.895
4,923
At 30 November 2023
376
1,076
10. CASH BALANCES
Peri011 ended Period ended
30-Nov
2024
2,979
2,979
30-Nov
2023
2.611
2.611
Cash in Bank at year end
11. CREDITORS
Trade creditorf5 due within 12 months
Accrual.. Staff cost
30-Nov
2024
2,000
1,450
3,450
30-Nov
2023
Accrual.. accountancy fees
1,450
1,450
12. RELATED PARTY TRANSACTIONS
During the year, the church paid institutional grants to other RCCG organisations such as the
World Evangelism Mission as stated in note 7.
Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCG) KING'S TOWER ASSEM8LY
NOTES TO THE ACCOUNTS
FOR PERIOD ENDED 30 NOVEMBER 2024
13. STAFF COST AND NUMBERS
Staff costs were as follows
Pertod ended Period ended
30-Nov
30-Nov
2024
2023
Wages and salaries
Social security costs
WPS - Employer
28,500
1.946
559
31,004
28,500
1,946
559
31,004
Period ended Period ended
30-Nov
30-Nov
2024
2023
No.
The average number of employee during the year was as follows
Pastoral
Charity administration
Total
No employee received remuneration amounting to more than £50,000 in the year.
14. INCOMING RESOURCESI{RESOURCES EXPENDED)
Period ended Period ended
30-Nov
30-Nov
This is stated after charging
2024
2023
Depreciation of tangible assets owned by the charity
Accountant's fees
1,394
1,450
2,062
1,450
Page 13