**Charity number: 1193620**
# **The Redeemed Christian Church of God Holy Ghost Zone Holbrooks. Coventry**
## **TRUSTEES REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2025**
RCCG HGZ 2025 ACCOUNTS
## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE HOLBROOKS. COVENTRY**
## **Reports and Accounts**
|**CONTENTS**||
|---|---|
|Charity Information|3|
|Trustees Annual Report|4-6|
|Accountant's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to Accounts|10-12|
Page 2 of 12
RCCG HGZ 2025 ACCOUNTS
## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE HOLBROOKS. COVENTRY Charity Information**
## **General Overseer**
Pastor E. A. Adeboye
## **Trustees**
Mr. David Olatunji Olanrewaju (Chair) Mrs. Juliana Olayinka Olubi-Idowu Mrs. Florence Olubunmi Adegunna
## **Minister In Charge**
Dr. Pastor Tosin Lawrence Adegaye
## **Charity Registration No:**
1210492
## **Contact Address:**
Jubilee Cresent Community Centre Jubilee Cresent Coventry CV6 3EX
## **Bankers:**
Natwest Bank Lloyds Bank Plc
## **Accountants:**
Sapphire Consult 19 York Road Northfleet Kent DA11 9PU
Page 3 of 12
RCCG HGZ 2025 ACCOUNTS
## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE HOLBROOKS. COVENTRY TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
The Trustees submit their annual report and the financial statements of The Redeemed Christian Church of GodHoly Ghost Zone Holbrooks Coventry (the church) for the year ended 31 August 2025. The Trustees confirm that the annual report and financial statements of the church comply with current statutory requirements, the requirements of the church's governing documents and the provisions of the Statement of Recommended Practise (SORP) "Accounting and Reporting by Charities" issued in March 2005.
## **Structure, governance and management**
## **a. CONSTITUTION**
The church is constituted under a Trust deed and has a registered charity number 1210492
## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES**
The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES**
The induction process for a newly appointed member of the Trustees comprises an initial meeting with other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.
## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the trustees.
## **e. RELATED PARTY RELATIONSHIPS**
RCCG Holy Ghost Zone Holbrooks Coventry is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an 'Agreement for Common Purposes'.
## **f. RISK MANAGEMENT**
The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.
## **Objectives and Activities**
## **a. POLICIES AND OBJECTIVES**
The objects of the Charity are:
- The advancement of the Christian faith worldwide;
- The prevention or relief of poverty; and
- General charitable purposes
## **b. STRATEGIES FOR ACHIEVING OBJECTIVES**
The church has adopted the following strategies for achieving the above objectives:
* organising seminars and conferences in the church with proven speakers and ministers of the faith to guide members in the various aspects of the christian faith; and
*support for other charities and Christian events.
Page 4 of 12
RCCG HGZ 2025 ACCOUNTS
## **C. ACTIVITIES FOR ACHIEVING OBJECTIVES**
*Community Outreach Events
- *Confrences and events
*Welfare support to members and general public, and
*Various missionary activities
## **The Charity was involved in the following public benefit efforts:**
* Organising Sunday and midweek teaching of Christian principles for community members who wish to improve on Christian faith,
- Organised Christmas party for the community
- Organise confrences and seminars, which is open to all members of public free of charge
## **d. GRANT MAKING POLICIES**
Under the Common Purposes Agreement (see above), RCCG-Holy Ghost Zone Holbrooks Coventry has agreed to make contributions to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation who are in need. This is done at the discretion of the trustees.
Due to the influx of sponsored healthcare workers who were left without employment, the church responded by providing food and accommodation. The church also distributed clothing and school supplies to help meet the needs of affected individuals and their families.
## **e. VOLUNTEERS**
The church is grateful for the efforts of its volunteers who are involved in service provision, it is estimated that over 1,560 volunteer hours were provided during the year. If this is conservatively valued at £13.00 an hour the volunteers' efforts amounts to over £20,200.
## **Achievements and performance**
## **a. REVIEW OF ACTIVITIES**
We have had tremendous growth in the physical and spiritual life of the church during the year and in the advancement of the Christian Faith in accordance with the doctrines set out in the Statement of Faith as contained in the article.
## **b. INVESTMENT POLICY AND PERFORMANCE**
The Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.
## **Financial review**
## **a. RESERVES POLICY**
## **Reserves Policy**
The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
## **b. PRINCIPAL FUNDING**
This is provided mainly through voluntary giving of tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
## **Plans for the future**
## **a. FUTURE DEVELOPMENTS**
The church continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in society.
Page 5 of 12
RCCG HGZ 2025 ACCOUNTS
## **Trustees' Responsibilities in Relation to the Financial Statements**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations.
The Charities Act 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 surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) Make judgements and estimates that are reasonable and prudent;
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the Board of Trustees and signed on their behalf by:
Signature: Pst. David Olanrewaju (Jun 29, 2026 13:05:16 GMT+1) Pst. David Olanrewaju
Name:
## DAVID OLANREWAJU
Date: 29-Jun-2026
Page 6 of 12
RCCG HGZ 2025 ACCOUNTS
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE HOLBROOKS. COVENTRY**
I report on the accounts of the Trust for the period ended 31 August 2025, which are set out on pages 6 to 10.
## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER**
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the Accounts.
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
1. Which gives me reasonable cause to believe that any material respect the requirements:
- to keep accounting records in accordance with section 41 of the Act, and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
Have not been met: or
2. To which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
## Olubusola Paul-Taiwo
## **26 June 2026**
Sapphire Consult 19 York Road Northfleet Kent DA11 9PU
Page 7 of 12
RCCG HGZ 2025 ACCOUNTS
## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE HOLBROOKS. COVENTRY**
## **Statement of Financial Activities for the year ended 31 August 2025**
|Notes
**Incoming Resources**
_Incoming resources from generated funds:_
Voluntary income: donations
2
Community Project grant
3
**_Total Incoming Resources_**
**Resources Expended**
_Charitable expenditure_
Church expenses - missions/ institutions
4
Community and project expenses
5
Costs of activities in furtherance of project activities
6
Management and governance costs
7
**_Total Resources expended_**
**Net Incoming/(Outgoing) Resources for the year**
**Total funds at 15 October 2024**
**Transfer between funds**
**Total funds at 31 August 2025**
8|**2025**
**2025**
**2025**
Unrestricted
Restricted
Total
£
£
£
49,438
-
49,438
-
17,250
17,250
**49,438**
**17,250**
**66,688**
6,625
-
6,625
7,330
8,625
15,955
22,862
-
22,862
3,547
-
3,547
**40,364**
**8,625**
**48,989**
9,073
8,625
17,698
6,807
-
6,807
**-**
**-**
-
**15,880**
**8,625**
**24,505**|
|---|---|
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
Page 8 of 12
RCCG HGZ 2025 ACCOUNTS
## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE HOLBROOKS. COVENTRY Balance sheet as at 31 August 2025**
|Notes
**FIXED ASSETS**
Tangible Fixed Assets
10
**CURRENT ASSETS**
Debtors
11
Cash in Hand/ Bank
**CREDITORS:**
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS:**
Amount falling due more than a year
13
**NET ASSETS**
**ACCUMULATED FUNDS**
Restricted
15
Unrestricted
14
**TOTAL FUNDS**
Amount falling due within a year|£
4,400
12,716
17,116
800
-|**2025**
£
8,189
**8,189**
16,316
24,505
-
**24,505**
8,625
15,880
**24,505**|
|---|---|---|
The accounts have been prepared in accordance with the special provision of Statement of Recommended practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities.
Approved by the Trustees and Signed on their behalf:
**Name: Mr David Olanrewaju**
> **Signature:** Pst. David Olanrewaju Pst. David Olanrewaju (Jun 29, 2026 13:05:16 GMT+1)
> **Date:** 29-Jun-2026
Page 9 of 12
RCCG HGZ 2025 ACCOUNTS
## **THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE HOLBROOKS. COVENTRY Notes to the financial statements for the period ended 31 August 2025**
## **ACCOUNTING POLICIES**
## **1.1 Basis of preparation of accounts**
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards. They follow best practice as set out in the statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities.
## **1.2 Income and Expenditure**
Income and expenditure are accounted for on accrual basis
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.
Unrestricted funds are incoming resources received for the objects of the charity without further specific purpose and are available as general funds.
|**2. Voluntary Income: Donations**
Tithes & Offerings
Thanksgiving donations
Donations received for projects
Gift aid
Interest
**3. Grants received**
Project Grants
**4. Church expenses - missions/ institutions**
Word Evangelical Mission (WEM)
RCCG Central office
RCCG Camp Ground
Other RCCG donations
Others mission activities
**5. Community and Project Expenses**
Project volunteers expenses
Skills empowerment and training expenses
Welfare expenses
Other project expenses|Unrestricted Fund
Restricted
Fund
Total Fund
**2025**
**2025**
**2025**
£
£
£
42,869
-
42,869
796
-
796
5,773
-
5,773
-
-
-
-
-
**49,438**
**-**
**49,438**
£
£
£
-
17,250
17,250
**-**
**17,250**
**17,250**
£
£
£
3,300
-
3,300
550
-
550
-
-
-
2,775
-
2,775
-
-
-
**6,625**
**-**
**6,625**
£
£
£
-
-
-
6,507
-
6,507
823
5,865
6,688
-
2,760
2,760
**7,330**
**8,625**
**15,955**|
|---|---|
Page 10 of 12
RCCG HGZ 2025 ACCOUNTS
## **6. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS**
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
|Church running expenses
Music expenses
Sunday School
Rent & Rates
Premises repairs and maintenance
Subscription
Publicity and Media
Vehicle Expenses
Printing, Postage & Stationery
Insurance|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2025**
**2025**
**2025**
£
£
£
2,208
-
2,208
1,068
-
1,068
-
-
-
6,840
-
6,840
3,957
-
3,957
175
-
175
378
-
378
6,728
-
6,728
1,016
-
1,016
492
-
492
**22,862**
**-**
**22,862**|
|---|---|
|**7. GOVERNANCE COSTS**
7.1
Legal & Professional Fees
Depreciation
**7.1 NET MOVEMENT IN FUNDS FOR THE YEAR**
The net movement in funds for the year is stated
after charging:
Professional Fees - Accountancy
Other Legal & Professional Fees
Bank Charges & Interest|**Restricted**
**Fund**
**Total Fund**
**2025**
**2025**
**2025**
£
£
£
1,750
-
1,750
1,797
-
1,797
**3,547**
**-**
**3,547**
**2025**
**£**
800
350
600
**1,750**|
|---|---|
## **7.1 NET MOVEMENT IN FUNDS FOR THE YEAR**
## **8. DEPRECIATION**
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Van & office (church & music) equipment 18% - reducing balance
## **9. MOVEMENT IN FUNDS**
|**9. MOVEMENT IN FUNDS**
At 15 Octobr 2024
Surplus/(Deficit) for the year
At 31 August 2025|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**£**
**£**
**£**
6,807
-
6,807
9,073
8,625
17,698
**15,880**
**8,625**
**24,505**|
|---|---|
Page 11 of 12
RCCG HGZ 2025 ACCOUNTS
## **10. FIXED ASSETS**
|**Cost**
At 15 October 2024
Additions
At 31 August 2025
**Depreciation**
At 15 October 2024
Charge for the year
At 31 August 2025
**Net Book Value**
At 31 August 2025
**11. DEBTORS**
Loan to Charity
Loan to member
**12. CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accruals
Others
**13. CREDITORS:AMOUNTS FALLING DUE AFTER ONE YEAR**
Loan|**Church**
**Equipment**
£
-
6,520
6,520
-
1,174
1,174
**5,346**|**Music**
**Equipment**
**Motor**
**Vehicles**
**Total**
£
£
£
-
-
-
3,466
-
9,986
3,466
-
9,986
-
-
-
624
-
1,797
624
-
1,797
**2,842**
**-**
**8,189**
**2025**
**£**
-
4,400
4,400
**2025**
**£**
800
-
800
**2025**
**£**
-
-|
|---|---|---|
## **14. UNRESTRICTED FUNDS**
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
## **15. RESTRICTED FUNDS**
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria are identified to the fund.
Page 12 of 12
## RCCG HGZ Holbrooks - 2025 Final Accounts
Final Audit Report 2026-06-29
Created: 2026-06-29 By: Busola Paul-Taiwo (enquiries@sapphire-consult.com) Status: Signed Transaction ID: CBJCHBCAABAAevmFpUgXysMp74N81wXe9hrs9qCYSb8N
## "RCCG HGZ Holbrooks - 2025 Final Accounts" History
Document created by Busola Paul-Taiwo (enquiries@sapphire-consult.com)
2026-06-29 - 12:02:09 PM GMT- IP address: 90.215.73.180
Document emailed to Pst. David Olanrewaju (davidsolanrewaju@yahoo.com) for signature
2026-06-29 - 12:02:37 PM GMT
Email viewed by Pst. David Olanrewaju (davidsolanrewaju@yahoo.com)
2026-06-29 - 12:03:05 PM GMT- IP address: 87.248.114.212
## Document e-signed by Pst. David Olanrewaju (davidsolanrewaju@yahoo.com)
Signature Date: 2026-06-29 - 12:05:16 PM GMT - Time Source: server- IP address: 77.98.131.40 - Signature Appearance Selected: TYPE
## Agreement completed.
2026-06-29 - 12:05:16 PM GMT