THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND tFL4RTr NO.. 1198072 TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE PEIUOD Ef4DE0 31ST DECENBeR 2024
TH¢ AEDeEMED CHAlSnAN CNiIRCH QV IIIX+ REVIVALASSEMBLY SVNOERIAND CONTENTS OF THE FINANCLdL sfATEMEN15 FOR THE YEAR ENDED 31ST DECEMBER 2024 PAGE Rrferen(e and adminf*raty¥e ItyJw¢ent Examlws str1entDf Rnandal AcUvltt¢s statent of Wnandttl Posltt¢n Notes to the KCOuAts 10- 12 p4¢1
ThE RED*EMED CHiiimAII CHURCH OF QOD REVIVAL ASSEMBLY $UNDERiAP4D ORGANISATION'S INFORMATION FOR ThE YEAR ENDED 31ST DECEMBER 2024 Dr Olalekan Aladwnml Pastor Ayodde Aladejarba Pastor Emmanu8105agbakhoe Charlty 140 1198072 Mlnlstst I Cth•ry• Pastor Jame$ Onaoluwa Pr4ndl Offlc• 2 eandTr Court Chestsr Oval Sunderfand SR2 7AF Xnd•p•nd•rt Ex•mln•r Aklntsyo Ojo FCCA Resource Accountancy Pracu 46 Hollywood Way Erfth DA8 2QE rdays Bar¢k PLC p•ge 2
THE RIDEEMED CHIUSllAM CHiIRCH OF fjOD REVIVAL ASSEMBLY SUNDeRLAND TRLISTEE'S REPORT FOR ThE YEAR ENDED 31ST DECEMBER 2024 The twstee5 submlt thelr report Jnd flnanelal statement for The Redeemed Chrlstlan Churth of ot God - Revlval Assembly Sunderfand (The Chadtyl for the year ended 31 December 2024. The trustees tonflrm that the annual report and flnanelal statements of the thatlty have been In 4ccOrdan wlth the pollcles set out In nots I to the accounts and comply wlth the chortV5 trust deed, the Chadtles Att 2011 and Atcountlng and Reportlng by Charftles: Statement of Recommended Prnrtlce ISORP} appllcable In UK and Republ1¢ of Ireland publlshed On 16 July 2014 WORKING NAMES The Redeemed Chflstlan Churth of God - Revlval Assembly Sundedand also trnde under the name RCCG Revlval Assembly Sunderland. OBJECTIVES AND AcrxvfTIES The prlndpal oblect of the charfty Is the a($¥anrnent of Christlan falth In accordantr wlth the sthtements of bellets of the evangellcal folth, and the rellef of poverty. To a¢hleve Its oblettives, the chadty adopted the fr)Ilowlng stratsgles: Runnln9 Chrf$8n rellglous aVItIeS COmpS19 of Sunday SeNlce$ and mldweeK blble stvdy. Organlslng cornmunlty developmeAts progr3rnmes, Welfare, helps, tralnlng and development programme$ for Indlvlduals. Supporting other charfties and Chrlsilan events, and Convenin9 gatherfjng of Chklstlarb tagged Inter-Denominatlonal Chrfstlan Gotherfng. SnlucruR 60VER14AII¢E AIID MANAfjEMEMT RCCG Revival Assembly Sunderfand Is constituted under a TTUSt Deed dated l January 2020. A board of tfusiee$ cornpdslng of 3 member5 provlde5 Strateglc leadershlp forthe tharlty, whlle the Mlnlster In Charye manages the day to day actlvlues of the chadty. POLXCIES AlPTED FOR THf INDucfIoii AND TRAINING OF NEW TRuEE$ The Indktcuon pro55 for a newly appolnted trustees comprfses of an Inltlal meetlng wlth the thalr and other injstees, followed by short meetlngs wlth the Mlnl$ter In Charge on the pow5 and respon$lbllltle5 of the trustees. OR(W4XSAT1014AL STRUCTURE AND DECISION MAKING The trustees meet regulady to Manage the affalrs of the or9anlsatlon. The MlTh15ter In rge oversee the splrttual ocuvltles of the church. RISK MAMAfjEMEKr The Trustees have osse55ed the major rtsks to whlch the charfty15 exposed, In partlcular those related to operation5 and flnances of the chorlty, and are sausfied that systems are In place to mltlgate our exposures to major rtsks. pe3
Tht REDEÉMED CHRISTIAN CMURCH OF QOD REVIVAL ASSEMBLY SVNDERLAND TRUSTEE'S REPORT FOR THE YEAR Et4DED 31 DECEMBeR 2024 PUBLIC DÈNEFITS The Church's Sunday and mld-week servl¢es ère open to the genernl publlc to bulld on thelr Chdstljn falth. Apart Irorn Its Churth athvltles, the thaty wa5 Involved In the followlng publlc benefit efforts In the year under rvvlew: Oryan151ng semlnars, tralnlng ptvgramrnes and events that encouraged capadty and self developrnent of members of the cornrnunkty Holélng Outreaches In areas of Interest to our comrnunlty. In the ytar we shared the loy of chstMaS wlth our communlty by oryon151ng a Carol 5ervlce, we also celebrnted the Mothers, welfa support to members of the communlty through Food Bank vouthers and food parcds dlsts1butlon. Households In our communlty benefitted from hot rneal$ food parcel$ glven oway by the charfty. Our efforts are 9eared towards 5UPPOrtlThg the programmes of our local cornmunlty. promotlng cohe51on In our communlty, and Impa¢Urt5 the Ilve$ of rhe young people and the elderly. GRANT DIAK114G POLICY The charfty-supports other chadtles and m1551onary that shares its objects the a(fvontement of Chdstlan tslth and lIef of poverty. The thurth glves occaslonal welfare grnnts to members who are In need. VOLUNTEERS The churth is gratefijl for the unsuntlng efforts of Its volunteets who are Involved in provldlng services for the charity- It Is estimated that over 1200 hour5 was provided by volunteer5 durlng the year. If thls Is cOnservaVe1Y valued at £8.50 per hour, the volunteers effort wlll amount to over £10,200. REVIEW OF AcrivmEs The charfty continues to enjoy trernendous growth In Its phy4cal and spldtual Ilfe durlng the year, and In the advancemert of Chrtstlan falth In accordance wlth the doctrines set ¢xJt In the statement of falth contalned In our eonstltutyon. P2SERVES POUCY The trustee's pollcy Is to have unrestrfcted and uncommltted fvnds (free reseryesl to o)ver 3 to 6 rnonths of resources expended. They feel that thls would enable the current att1v1&S to contlnue If there15 any slgnlficant drop In funding. It would obvlou5Jy be necessary then to conslder how the fvndlng would be replaced or actlvltyes changed. Page 4
ThE REDeEMtD CHRIsfxAN CHURCH OF iaoD REVIVAL ASSEMBLY SUIIDERLAND TRUSTEE'S REPORT FOR THE PERIOD ENDED 31ST DECEMBER Z024 PIUNCIPAL RINDING Fundlng h)s been provlded rnalnly through the$ and offerfngs by (hurch mernbe and through donaOn5. edge$ are also takers lor spedfic projecrs. FUTURÈ DEVELOPME14TS The chadty conttnues to explore v•rtous ways of spreadlng the gospel of Chrf5t In •n effecilve manner. The charfty Is ?150 looTrg to orow In Mernbershlpnd conunue to develop its mernbe to rn4ke Ilfe-thanglno Impact In the tommunlty. Page S
THE AIDIEMQD CMAISW CHURCH OF aOD REVIVAL ASSEI4•LY SVNDERLAMD TrUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 srATEMENT OF TRUStEES' RESIIONSIBILrriES Th• Trustees ar* respDnslble for prepjrfng the annual report ènd flThanclal statèments In accordan wlth appllcable laws and regulatlons. Chat1ty law rÈoulres the trustees to prepare flnandal statements for each financlal year. Under that law, the trustees have elected to prepore the flnantlal statements In accorylance wlth the Unlted Klngdom Generally Acceptable Attountlng pract1 (Unlted Klnqdom Accounttng Standards and appllcable law). The flnantlèl statements are requId to glve a true and falr vlew of the state (rf affalrs of the charlty and of the surplus or defidt of the chartty for that pert(¥J. In preparfng the Itnanclal statements, the trustees are requlred to: Selert sultable accountlng polltles and apply them conslstenuy; Make Judgement and estlmate5 that are reosonable and prudent: Prepare the fftnanclal statements on a 9olng concern bals unless It Is Inapproprfate to pwume that the company wlll contlnue In operatlon. . The trustees recognlse thelr responslblllUes to keep proper accountlng rerdS that dlsdose wlth reasonable accuracy at any rne the finandal posltlon of the chartty aniy enable them to ensure that the financlal statements comply wlth the Ctharftle$ Act 2011. They are also'responslble for safeguardlng the assets of the company and henceforth taklng steps for the preventlon and detettlon of frdud and other Irregularftles. The appended flnanclal statements have been prepared on the ac(tuals basls and have been examlned by an Irsdependent examlner. whose report is also appended. Approved by trustees on Xaortober 2025 and $lgned on thelr behalf by: Pastor Ayodde adeJana Trustee Dr Olalekan Ajatlesanml Trustee Page6 ?"'
THE REDEEMED CMRisfiAN CMURCN OF GOD REVIVAL ASSE148LY SUNDERLAND INDEPENDENT EXAMINERS REPORT FOR ThE YEAR ENDED 31ST DECEMBER 2024 TO THE TrUSTEES OF THE REDEEMED CHRISTLAN CMURCH OF GOD- REVIVAL ASSEMeiY SUNDERLAND I report on the acCntS of the tharfty for the pEriod énded 31 Dern 2024 whlch Is •58-12 RESPECTJVE RESPONS181LmES OF THe TRUSTEES AND ThE EXAMINER The thatity trustees are responble for the preparntion el the accounts. The ch8 tnot¢es con51d•r than an autht Is not requlrnd for the perlod un¢Jer sertlon 142121 of the ChatIts * 2011 and that an Independent eXafnlnOn Is needqd. It Is my responslblllty to: •Mrnine the accounts under s•ctlOn145 of Cttarttlej Act 2011.. 101low the prc<edures18id down In the 9enernl Dirtetlens oiven by th• tharlty comm1sOnerS (under sectlon 145lSllbl ol the 2011 Art.. and state whether rtICul•f h•ve Com• to my attsntknn. SIS OF MY EXAMINATtor4 My examlnation was ¢arrted out In •ccordance wlth the Genernl Dlrethons 9lven by the Chanty Comm1551on. An examinatlon Indudes a revlew of the atc¢yJntsng records k¢pt by the ehartty ènd a compartson of the accounts pre5Wt•d Y41th those rtcoros. It also Inclul con•lderJtlon of •ny unusual Iterns or dlstlosura In the attount. and M•klng ¢xplon•tlon from you as trustee5 cencernlThJ any such matters. The prLKedures undertaken do rwx wo¢ all the evidence thii would be required In an audlt. and cmsequwtly Tho opinion 1$ glvM Js to wh•thir the •cwunt5 pr•$ent o.true lalr. vlew and th• rqwt Is Ilrrt4d to those nwtt•rn set out the 5t•terr•nts b•low. EXAMINER'S STATEMENT In connertlon with ry exarnin•tlon, no matter has ctyne to ffry •t¢•rtioN'. 111 which glves me rtas¢n•ble uuse to bdleve that In any motenol rnspert the tru#ees have not rnet the reQuIret$ to ensure that.. - wop•r •ccountln9 r•C1 ore not In acec*d•nc• wlth the Chorftbts Art: •rnl . #¢¢ounts art prepared whi¢h •gree v41th the QUtINg r•¢tyds •Yl comply wllh th¢ •ttounting reouirements of the Charitle5 Act 2011,. or 121 to whlch, In my oplnlon. attentlon shtytsld be drawn In ordw to •noble • kyoper undw- stsndlng of th• •cwunts to be reached. Aklntayo Olo FCCA 46 Hollyv400d Way. Erith. DA8 2QE Ottober 202S Paye 7
ThE REDEEMeD CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDtRLAIID STATEMENT OF FINANCIAL AcThmES FQR ThE YEAR ENDEO 31 DECEMBER 2024 Vund• Vund• Pund• Pun¢f• Notss 2014 2024 2024 2023 Ineomlng rertaI Incomlng resources from generated funds Donatlons & voluntary Income Grants & other Income Total Incomlng resources 77.592 92 77.684 77,S92 92 46,569 Grants payable - Instibjtlonal Cost of actlvltle5 In furtherance of chadty'5 obj Suppbrt Costs Management and governance cost 11,052 22.086 2,792 11.052 22,086 2,792 8,677 20.718 2,993 1,225 33,613 30805 38.405 Net(outgolng)Ilncomlng resour for the year 39,279 39.W 12.956 Totsl fvnds at the start of the year 30,258 30,258 17,302 Balan at the end of the year 69,537 30,258 Poge 8
r•iE RIOEEMtO CHIIZSIIAN CHVR¢N OF IJOD REVIVAL ASStMBLY SUNDERLAND ¥rAfEMEtIT OF FtNANCIAL POSITION S AT 31 DECEMBER 2024 Notes ThTrglblè fixed •& cash at bank and In hond 68.182 28,906 68,182 28,906 L•MI ewr•nt u•bIl. Credltors.. Amount fallln9 due thln One year 950 d•.S37 30.258 FInanC BY: Ubarny fund• General- Fe5trfcted General- unrestrfcted 69,537 69,537 30,258 30,258 •xoWshovEbeth ptOvWn ofStsfftent 0fReMErded tY4tttts.. b¥awrths{SORP) Mirth 21NI8 MudedIarw1Cr Approv& by the TrusteÈson d OLtober2025 ènd &gned on thelr bEhaif by.. Pwr Ayodele NJadeJana Tee Dr Thalekan Mjadesanml Paqe 9
THE REDEEMED CHIUThAII CHURCH OF lD REVIVAL ASSEMBLY SUNDERLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 I. ACCOUNTING poucIes (1.11 Basls of preparaUon of flnanclal statements These a¢Unts have been ppared under the hl$tot1cal c05t ConveThon and In accordance wlth the Mnandal ReportSng Standard for Srnaller Entltles leffecvve Aprfl 20081 .The flnanclal statements have been prepared wlth Statement of Recommended Prartice ISORPI, 'Accountlng and Reportlng by Charftles publlshed In Mah 2005 and appllcable aecounung srand4rds. (1.21 Incomlng resources All Incomlng resource5 are Induded In the statement of flnandal actIvIe$ when the charfty Is legally entitled to the Income and the amount con be reasohably quantlfled wlth reasonable accurnry. {1.31 Resources expended AJI expendltures are accounted for on gn acuual basls. Management and governan costs are c05t incurred In connecilon with admlnlstratlon and cornpllants wlth statutory requlrement (1.41 Flxed assets cornprises of rnu$lcal equlprnent and projectots cost. DepdatIon Is L*Jrged at rates Ilsted below to write off the c05t of the assets over thelr usefvl Ilves. Muilcal Equlpment 25% reducSng balance Computers & proJettor5 25% dUang balan Funds Funds FurA$ Fund5 2024 zo 2. D014AT10145 AND SEMIL4R INCOMING RESOURCE5 Collethons & Donatlons Glft ald daims 56.248 21,345 77,592 56,248 21,345 77,592 46,569 46,569 3. GPANTS RIV & OThER 114COME Grant Inctsme 5aie5 of manuals 92 92 92 92 4. Grarhts payable- Institutlonal Unrestylcted Re51rfrt•d Funds Funds 2014 2024 Totsl nds 2024 Totsl Fur 2023 Charltable glvlng -UK 11,052 11,052 8.677 Ust of InstIonal grants pald RCCG WEM RCCG Central Offic RCCG Camp ground RCCG Re9lon's Contrlbuuons Totsl grant payable - Instytutfjonal 8,852 600 8,852 600 6.036 800 I,ooo 83B 8,677 1,600 11,052 Page 10
ThE REDEEMED CHAISTZAN CHURCH OF aOD RevIvAL ASSEMBLY SUNDERIAIID NOTES TO THE ACCOUNTS FOR ThE YEAR ENDED 31ST DECEMBER 2024 4. cosr OF CHARABLE ACTLVrnES Unre#fiL*d Funds Fun Funds 2024 2024 2024 2023 Conference & Honourarlum Hall Rent ChaAty & Mlsslons Postage & 5tatlonery Worshlp & Church Gmup Publlcatlons Evangellsm Comrnunlty Project & Food bank Music trainlng & Uturyy Transportstlon epreclatlon 600 2.918 3,102 106 207 750 938 3.948 1,386 6,074 2,056 500 2.233 1,419 20 312 50S 2,009 5,786 485 5,814 1,634 2,918 3,102 106 207 750 938 3,948 1,386 6,074 2,056 5. SUPP(iRT C Funds Funds Fur 2024 2024 Z024 Church Expenses Good Women Subscrtptlon IT Consumables Zoom Ucence Welfare & Hospltallty Other 462 462 935 loo 740 686 156 1,175 314 2,792 686 156 1,175 314 966 252 6. GOVERNANCE COSTS Tatsl Funds Funds Fu 2024 950 1,525 2.475 X+24 2024 950 1.525 2,475 aozj Accountancy fees Professlonal fee5 850 375 7. CASH BALANCES 31-Dec 2024 31-De¢ 2023 Cash at bank 68,182 68,182 28,906 28,906 Poge 11
THE REDEIMED cHRisfiAN CHUKH QP ¢OD REVIVAL ASSEMBLY SUNDtRLAND NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 315r DECEMbER 2024 8. TANGIBLE FIXED ASSErs Muslt•l Computers & egulprnent Prolectors Total 31-Dec 2024 Totsl 31-0 2023 Co At l january 2024 AddlOnS At 31 Dember 2024 DEPr1¢10Tr At L January 2024 Charye At 31 Dember 2024 4.805 1,928 400 2,328 6,733 5,958 775 6,733 8,892 2,960 1,599 1,571 457 2.028 4.531 2,056 2,897 1,634 14•t Ix>olE ¥alu• At 31 December 2024 2,005 300 2.305 2,202 At 31 1)ecember 2023 1.845 357 2,202 9. DEBTORS 31-Dec 2024 31-Dp 2023 Lo3n to member 10. CREDTfoRS 31-Dec 2024 31-De 2023 Are 4ccount¥ncy fees 950 850 11. INCOMING RESOURCES/IRESOURCES EXPENDED) Thls Is stated after charglng 31-Dec 31-Det 2024 2023 Depreclatton of tanglble assets owned by the tharfty Accountant's fees 2,056 950 1,634 850 13. TRUfftE5 RENUMER4TION 31-Dec 2024 NIL NIL 3t-Det 2023 NIL NIL Durtng the year, no trustee recelved any rernueraort Durtng the year, no trustee rerylved any benents In klnd Page 12