2026-01-11-accounts - The Redeemed Christian Church of God, Covenant Restoration Assembly, Dunfermline. Fife

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Charity no SC050792

The Redeemed Christian Church of God, Covenant Restoration Assembly Dunfermline. Fife

Annual Reports and Accounts

For the year ended 11th January 2026

Prepared by DTT Consultancy Ltd

The Redeemed Christian Church of God, Covenant Restoration Assembly Dunfermline. Fife

Administrative Information

Financial Statement for the year ended 11th January 2026

Registered Charity Number:	SC050792
Pastor:	Dr Oluseye A. Ogunbayo
Trustees:	Dr Kassim Adebambo
	Mrs Ruth Ogunbayo
	Mr Adegbenga Odusanya
Registered Office:	137 McDonald Street
	Duloch
	Dunfermline
	KY11 8ZW
Independent Examiner:	Tunji Ogedengbe
	36 Daffodil Close
	Hatfield
	Herts
	AL10 9FF

RCCG	The Redeemed Christian Church of God, Covenant Restoration Assembly, Dunfermline	The Redeemed Christian Church of God, Covenant Restoration Assembly, Dunfermline	The Redeemed Christian Church of God, Covenant Restoration Assembly, Dunfermline	The Redeemed Christian Church of God, Covenant Restoration Assembly, Dunfermline	The Redeemed Christian Church of God, Covenant Restoration Assembly, Dunfermline	SC050792
	Annualaccountsforthe period
	Period start date	12/01/2025	To	Period end date	11/01/2026

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Gift aid income S01 Grants S02 VAT reimbursement S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total resources expended* *Total incoming resources* *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Prior Year Adjustment Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04
		128,707	-	-	128,707	115,506
		12,977	-	-	12,977	36,688
		-	130,000	-	130,000	10,400
		34,885	-	-	34,885	-
		-	-	-	-	-
		8,118	-	-	8,118	-
		184,686	130,000	-	314,686	162,594

		-	-	-	-	-
		96,018	-	-	96,018	56,169
			-	-	-	-
			-	-	-	-
		7,200	-	-	7,200	14,293
		350	-	-	350	250
			-	-	-	-
		103,568	-	-	103,568	70,712
		81,118	130,000	-	211,118	91,882
		-	-	-	-	-
		81,118	130,000	-	211,118	91,882

		-	-	-	-	-
		-	-	-	-	-
		81,118	130,000	-	211,118	91,882
		114,712	-	-	114,712	22,829
		195,830	130,000	-	325,830	114,712

Page 1

Section B Balance sheet as at 11th January 2026

Note B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04
	423,023	-	-	423,023	161,028
	-	-	-	-	-
	-	-	-	-	-
	423,023	-	-	423,023	161,028

	-	-	-	-	-
	4,100	-	-	4,100	4,100
		-	-	-	-
	49,266	-	-	49,266	29,109
	53,366	-	-	53,366	33,209

	600	-	-	600	250

	52,766	-	-	52,766	32,959

	475,789	-	-	475,789	193,987

	149,959	-	-	149,959	79,275
	-	-	-	-	-

	325,830	-	-	325,830	114,712

	195,830	130,000	-	325,830	114,712
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

	195,830	130,000	-	325,830	114,712

	Date of approval Print Name Signature
Dr Kassim Adebambo			Dr Kassim Adebambo		24/04/2026

Page 2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards;

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies

Page 3

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and
	material_._The value placed on these resources is the estimated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 4

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Tithes & Offering	128,707	115,507
Gift Aid	12,977	36,688
	-	-
Total	141,683	152,194

National Chruch Trust	10,000	6,150
Benefact Trust	-	4,250
Energy grant	20,000	-
RCCG Grant	100,000	-
Total	130,000	10,400

VAT Reimbursement	34,885	-
	-	-
Total	34,885	-

Insurance claim	8,118	-
	-	-
Total	8,118	-

Page 5

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Insurance	5,686	2,661
Rent	14,117	17,686
Office/Admin Expenses	961	1,461
Travel & Subsistence	1,961	1,192
Bank charges	367	260
Honorarium	2,750	1,883
Loan interest	10,500	-
Domestics	1,000	-
Conference	2,103	361
Printing& Stationery	7,418	767
Choir	241	-
Training	492	-
Motorvan Expense	1,357	1,151
Cleaning	3,355	1,753
Telephone Expenses	726	817
Consumables	1,076	3,300
Website/Zoom /subscription	431	262
Professional fees	907	12,386
Depreciation	30,596	4,892
Multimedia	96	80
Utility	4,390	3,727
Church equipment	3,347	1,016
Children	2,141	-
Other	-	515
Total	96,018	56,169

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
Total	-	-

Donations & Gifts	1,529	3,151
Donation to Charity	1,500	1,444
COF	-	200
Outreach	2,141	499
Area	100	-
WEM	-	1,104
Welfare	1,600	5,670
Hospitality	330	2,225
Total	7,200	14,293

Independent Examination	350	250
	-	-
Total	350	250

Page 6

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses

Total amount paid

This year	Last year


£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	350	250

Page 7

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

9.1 Cost or valuation
Freehold land & buildings Other land & buildings Music equipment Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ Balance brought forward 165,920 - - - 165,920 Additions - 265,520 27,071 - - 292,591 Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - 431,440 27,071 - - 458,511 Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought forward - 4,892 - - - 4,892 Depreciation charge for year - 21,572 9,024 - - 30,596 Impairment provisions - - - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - 26,464 9,024 - - 35,488 Brought forward - 161,028 - - - 161,028 Carried forward - 404,976 18,047 - - 423,023 9.2 Accumulated depreciation and impairment provisions 9.3 Net book value*	Freehold land & buildings £	Other land & buildings £	Music equipment £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
		165,920	-	-	-	165,920
	-	265,520	27,071	-	-	292,591
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	431,440	27,071	-	-	458,511
	-	4,892	-	-	-	4,892
	-	21,572	9,024	-	-	30,596
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	26,464	9,024	-	-	35,488

	-	161,028	-	-	-	161,028
	-	404,976	18,047	-	-	423,023

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Page 8

The Redeemed Christian Church of God, Covenant Restoration Assembly

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
3,000	3,000	-	-
-	-	-	-
1,100	1,100	-	-
-	-	-	-
4,100	4,100	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
5,656	37,289	-	-
144,303	41,987	-	-
-	-	-	-
-	-	-	-
600	250	-	-
150,559	79,525	-	-

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

This is to confirm that I Independently Examined the accounts.

Tunji Ogedengbe FCCA

Relevant Professional qualification/professional body: ACCA

Address: 36 Daffodil Close

Hatfield Herts AL10 9FF

24th April 2026

Page 9