**REGISTERED CHARITY NUMBER: 1210742** ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** **Trustees' Report and** **Unaudited Financial Statements for the Period 31 October 2024 to 31 July 2025** Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** **Contents of the Financial Statements for the Period 31 October 2024 to 31 July 2025** ||**Page**| |---|---| |**Trustees' Report**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 9| |**Detailed Statement of Financial Activities**|10| Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Trustees' Report for the Period 31 October 2024 to 31 July 2025** The trustees present their report with the financial statements of the charity for the period 31 October 2024 to 31 July 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Objectives and activities** ## **Objectives and aims** The objectives of the Church are to advance the christian faith worldwide for the benefit of the public and in accordance with the statement of faith and to relieve poverty worldwide. ## **Public benefit** The trustees confirm that they have complied with the Charity Commission's guidance on public benefit. ## **Volunteers** The charity is run by volunteers who assist in achieving its objectives. ## **Achievements and performance** ## **Charitable activities** During its first period of operation, the charity focused on establishing its governance structure, operational procedures and charitable activities. The charity successfully: established its operational and financial systems; developed governance and oversight procedures; commenced delivery of charitable activities aligned with its objects; and continued engagement with beneficiaries, supporters and the wider community. The trustees are satisfied with the progress made during the charity’s initial period and intend to continue developing the charity’s activities and long-term sustainability. ## **Internal and external factors** During the transition to incorporation, the trustees identified that loans had previously been advanced from funds intended for charitable purposes to certain members and parties connected with management prior to the formal appointment of the charity’s trustees. Following incorporation, the trustees reviewed these arrangements and concluded that such lending was not consistent with the charity’s intended governance framework or charitable purposes. The trustees therefore took immediate action to request repayment of all outstanding balances. A substantial proportion of the balances had been recovered, with the remaining amounts continuing to be actively pursued. The trustees have since implemented strengthened financial controls and governance procedures to prevent similar matters arising in future. 1 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Trustees' Report for the Period 31 October 2024 to 31 July 2025** ## **Financial review** ## **Financial position** In the period under review, net results for the year were £31,054 as the charity existed before its incorporation, it carries forward funds of £98,034. ## **Reserves policy** The trustees aim to maintain reserves at a level sufficient to support the charity’s ongoing activities and commitments. The trustees will continue to review the reserves policy as the charity develops. ## **Going concern** At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. ## **Future plans** The charity intends to continue developing its charitable activities and strengthening its operational capacity. Future plans include: expanding charitable outreach and services; progressing plans towards the acquisition and establishment of a permanent place of worship and community facility to support the charity’s long-term charitable activities and outreach; strengthening partnerships and community engagement; developing sustainable funding streams; and continuing to improve governance and operational systems. ## **Structure, governance and management Governing document** The charity is a Charitable Incorporated Organisation (CIO) controlled by its governing document, being the CIO foundation model constitution. The charity was incorporated on 31 October 2024. ## **Recruitment and appointment of new trustees** Trustees are elected by the existing trustees in accordance with the CIO foundation model constitution. A retiring trustee may be re-elected. ## **Reference and administrative details Registered Charity number** 1210742 ## **Principal address** 29 Six Acres Quinton Birmingham B32 1SJ ## **Trustees** Kehinde Fatosin (appointed 31/10/24) Ejikeme Kanu (appointed 31/10/24) Olugbenga Osofisan (appointed 31/10/24) 2 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Trustees' Report for the Period 31 October 2024 to 31 July 2025** **Reference and administrative details Independent Examiner** Tolu Obisesan (MAAT) ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk IP28 7DE Approved by order of the board of trustees on 29 May 2026 and signed on its behalf by: Olugbenga Osofisan - Trustee 3 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 **Independent Examiner's Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Independent examiner's report to the trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** I report to the charity trustees on my examination of the accounts of THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY (the Trust) for the period 31 October 2024 to 31 July 2025. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tolu Obisesan (MAAT) The Association of Accounting Technicians ANS Accounts Ltd 82A James Carter Road Mildenhall IP28 7DE 29 May 2026 4 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Statement of Financial Activities for the Period 31 October 2024 to 31 July 2025** **----- Start of picture text -----**
Unrestricted Restricted Total
fund fund funds
Notes £ £ £
Income and endowments from
Donations and legacies 56,898 3,275 60,173
Other income - 7,559 7,559
Total 56,898 10,834 67,732
Expenditure on
Charitable activities
Activities in furtherance of the charity's
objectives 29,628 7,050 36,678
NET INCOME 27,270 3,784 31,054
Reconciliation of funds
-
Total funds brought forward 66,980 66,980
Total funds carried forward 94,250 3,784 98,034
**----- End of picture text -----**
The notes form part of these financial statements 5 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Balance Sheet 31 July 2025** **----- Start of picture text -----**
Unrestricted Restricted Total
fund fund funds
Notes £ £ £
Fixed assets
Tangible assets 3 2,794 - 2,794
Current assets
Debtors 4 68,780 - 68,780
Cash at bank 24,626 3,784 28,410
93,406 3,784 97,190
Creditors
Amounts falling due within one year 5 (1,950) - (1,950)
Net current assets 91,456 3,784 95,240
Total assets less current liabilities 94,250 3,784 98,034
NET ASSETS 94,250 3,784 98,034
Funds 6
Unrestricted funds 94,250
Restricted funds 3,784
Total funds 98,034
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 29 May 2026 and were signed on its behalf by: Olugbenga Osofisan - Trustee The notes form part of these financial statements 6 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** **Notes to the Financial Statements for the Period 31 October 2024 to 31 July 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Charitable activities** Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 20% on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 7 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Notes to the Financial Statements - continued for the Period 31 October 2024 to 31 July 2025** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 July 2025. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 July 2025. ## **3. TANGIBLE FIXED ASSETS** |**3.**
**TANGIBLE FIXED ASSETS**|| |---|---| |**Cost**
Additions|Fixtures
and
fittings
£
3,962| |**Depreciation**
Charge for year|1,168| |**Net book value**
At 31 July 2025|2,794| |**4.**
**DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Other debtors|£
68,780| Included within other debtors is £68,780 relating to amounts advanced prior to incorporation. The trustees are actively recovering these balances. As at the date of approval of the accounts, the outstanding balance had reduced to £27,200. 8 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) HALLELUYAH ASSEMBLY** ## **Notes to the Financial Statements - continued for the Period 31 October 2024 to 31 July 2025** ## **5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Other creditors||£
1,950| |---|---|---| |**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted|Net
At
movement
31/10/24
in funds
£
£
66,980
27,270
-
3,784|At
31/7/25
£
94,250
3,784| |**TOTAL FUNDS**|66,980
31,054|98,034| |Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
56,898
(29,628)
**Restricted funds**
Restricted
10,834
(7,050)||Movement
in funds
£
27,270
3,784| |**TOTAL FUNDS**|67,732
(36,678)|31,054| ## **6. MOVEMENT IN FUNDS** ## **7. RELATED PARTY DISCLOSURES** At the balance sheet date, £19,900 had been advanced to parties connected with the management of the organisation. As at the date of approval of the accounts, the outstanding balance had reduced to £9,000. 9 Document ID: 299f440f-8cd1-428b-8817-c4b778b43387