Charity registrnion number.. 1046586
CHRIST VICTORY CENTRE INTERNATIONAL
Ant)ual Report and FIna￿tal Stat¢ments
forthe Year Ended 31 December 2020

CHRIST vicfoRY CENTRE INTERNATIONAL
Contents
Referenfje atKI Administtaiiv¢ Details
Trustees, Re￿rt
2to4
Statemeni of TrU￿ees, Responsibiliiies
Independent Examiner's R¢p)rt
Stat¢m¢nr of Financial Activities
B8]an¢¢ She
Notrs io the Financia] s￿ements
91018

CHRtST VICTORY CEIITRE I￿TERNATIONAL
Reference attd Administrative Details
Chaimart
Ola Oshodi
Trusiees
Jenrola Makinde
Ola Oshodi
Ms Selina Ola Ade)'anju
Joseph AglxK)la
Ch#rii)' RegistrAtion Number
1046586
Principal Office
30 Hook Cl95¢
C0s5all ES￿e
Peckhatn
London
SE15 ?TP
Ind¢p¢fjdent EAarniner
Kalomart & Co Accountants
First Floor
? Market Place
Bernionds¢
Lx)Jdo
SE163UQ
Page I

CHRIST VICTORY CEI%TRE I￿TERNATIONAL
Tru5tees' Report
The mistees preseni The annual rerrf)rr ￿gether with ￿ financia] 5taternents of the chariry for tht ytAr tnded 31
LkcembeT 20?0.
Obje¢tives and #divilies
Objects 4nd4ims
By way of interprdin8 our fjnanciai accounts in )O?O. our Balan¢¢ Sh¢¢¢ shrank Margi[￿11￿. which tneans lesser
incotnc from lower tithes pal'meni and lesser tunds raising as ￿ell as lo￿tr collections. Obviously. the
¢￿noMiC downrnrn also added an impact io ihai decline generall)..
While some of us remain highl} ¢omrnilled to push ihis Church fOrn4￿d in tems of progress. others need io be
encourdged in a m(Kie of moiiiaiion to e.Kplor¢ mor¢ exploits for th¢ Lord in tht ll¢￿. Near
Members of the Board are responsible io members and other interested parti¢5 for the overdll governance of the
Church. As the Chureh is a registered charii%. members of the Ixwd are ChaTit) Tru51ees. Thej 8eek ￿ ensu
that the Church operdtes so as io ￿lfIl the obj¢¢iikes seT oui in the TTUSt Deeds and ihai due atteniion is paid to
¢harii>' law and oih¢r relei'anr leoislation.
The rol¢ of the Board is TO esthlish the sirdteqic direction ofthe Church. io provide leadership. and to ensure
that charitable fund5 are properl) utilised and safeguarded. The da> io da). opeE2lional manag¢ment of the
Church is delegatrd to ihe Resideni P&sior.'Reverend and throuoh her to th¢ Church members. The Board.
however. retain5 fortnal resw)nsibility' for ail ￿liCie& d￿lS1on$ and a¢iions of the Churrh.
Objettives, strniegies 4wd4¢1iviiies
All Church affliviiies remain the sam¢. Mid-meek meetings 8ThJ monthly spe¢ial prayer programs are all well
attended.
We would like io draw attention to on¢ arra of our affliviiies and th& is Mondav -Pray¢r Warriors" progra
which focuses on praver of intercession for our Kaiion. Grvdi Britsin and oihtr Naiions around the world for
peace and change5 in the economic situ￿10￿ arowid th¢ ￿tsrId.
On Wednesda)s thtre are ￿.0 praNer sessioThs. Thes¢ are online starting %￿lIh Prdyer of Au￿rnali¢ Answers at
9am. This is dedicated to prd%ing for l¢xal businesses for success. In ihe ei'etking w¢ condua PrayerLine: an
tntersessional pra%eT for anyone in ih¢ co¥nmunii% needin8 prd%er and spirii¢Jal adiic¢.
W¢ also have online presen¢¢ liv¢ 00 F4rgbook for Sunda). Ser%'ic¢s. seminars etc. The >¢w 15 atmchcd..

CHRIST VICTORY CENTRE INL TERI%ATIONAL
Trustees. Report
Pwbllc benefii
Chur¢h leadership training
As an essential part of the %'ision of rhurch. atteTriton has bttn focused recenilv on trdining of church lead¢rs
during ?O?O. Sunda) s¢h(x)I teachers, Hous¢ group and small group leadeT5. such 8$ Bible 51ud) lead¢rs. and
discipleship leadeTS. Mosi leader5 recenil! attended an iniensiKe one-week leadership Irdinins externally.
L¢aders and meTnbers are encourdge to tsk"e part in Preveni training a[￿ certification. Prevent training is meani
to alen leaders and eweri other member to the t￿)SsibilI11es Of-￿￿-*i01en1 extrefftism-.
Youih Progratn5
Our youth and young ￿ople are alloMtd w participate in th¢ actiiTrties of the ehurch. They are encouraged 10
condua series of activities under ihorough sup¢r*ision.
Ordination
There an Ordin￿lon of thrtt pasiors. one deacons and evangelists during the year, and we planned to
ordain and apwini some tnore In￿ ihe laership P05jTiOI).
Donaiion and Pledges
Members continued to give support noi onl>. morally but also financhall). b) th¢ church despite the ewnomic
situation.
Public benefit
The church aciivilies and weekly programs ar¢ still ihe same Mith ￿dillon of online broad￿￿ts. Attendan¢e on
Sundaj Services and wttk5}'
activities have been ver)" en¢ouragin8.
Youth Bible Stud) group is progre￿Iftg ver). well with dedicawl PaS￿r In charge aThJ ste￿1]Y they are 8rowing
Our Yoyihs church services aod activiiics were ver). encoLraging. Il'e do this ever)" yetr to encourag¢ and grow
their confidence.
l. Th¢ir involvement in¢lud¢s Bible STLHIY evetv Sunday morning and online on SatLwday aftern(x)n. This Bible
stsjd! 15 design to help our l'outh to groth in the k[m)￿ledge of G(Ml w lovt God and their neighlK)ur and to
undeTSi8nd their r(>l¢ in ¢be socith or communilj.
2. Ytsuth choir and children Choir able lead¢rs leading the group. This is ￿ foc￿8 ihe attertiion on wh
tslent they have.
3. Personal Evangelism is sharing of the gospel with other )'ouths.
These activiiie5 are grO￿ang sieadil!"
All ihe weekl>. actLViILes io encourag¢ ail the members are progressing arml the att¢ndance is very encouraging.
DuritLS Eh¢ yrar wr had bapiisIJial clas5C5 wple ihe bllpiismal whiGh wll tske place in the followiiJ8
year.
Overseas Missions
The foreign mL55ion has been slowed down du¢ kn finaneial constrained and have TK>i been able io do mu¢h.
We ¢wreThLly send aids io our NigeriaTh brdllch Mith donated i*ms from members in Lk.
Trustees and offrttrs
The trwstres and officeTS servirtg dLErin8 the year and sinc¢ ihe year end were as follows:
T￿￿tees.
Jenrola Makind¢
Ola 05hthJi
Ms Selina Ola Ade)'anju
Joseph A8boola
Page 3

¢wb flo￿.
Dr Ola 08IKMli- ￿1r of Board of Th￿tee5

li<ébk l&w r¢8u]a
8ive a true and fAir view of th¢ •tst¢ of AffAiT8 of th¢ ¢barity •NI of in¢ow thd •ppli¢thon of
tir Oia (i8both- Cbair of Board of Trustees
Pag¢ S

CHRIST VICTORY cE￿TRE I.NTERNATIOL%AL
Independent Examiner's Report lo the trnsteos of CHRIST VICTORY CENTRE
INTEILP*ATIO)AL
I repon io the irustees on m) examin&ion of the accoun￿ of CHRIST VICTORY CEN.TRE INTERNATIONAL
for the year ended i l December ?O?O.
Responsibilities and basis of report
As the charit>. trustees of CHRIST VICTORY CEX'TRE IXTEIiNATIOXAL you ore responsible for the
prwrarion of the accounts in xo)rdance with the requirements of the Chariii¢s Art 2011 1.the Act'l.
I report in respect L)f my examination of the CHRIST VICTORY CEXTRE INTERNATIONAL'S accounts
carried Qlrt under section 145 of the ?01 l Act and in oming oui MN" eAa¥ninaiion I hai"e followed all the
applicable Direaions oiv¢Th by the Chariiy Commission under section 14515Xbl of rhe Aci.
Independent tX¥4Thiner'$ statement
I have completed my examination. I ¢onfinn th￿ no material rnatters have come ￿ my attention in ¢onne¢tion
th the examination givin8 me caw ￿ believe th• in an). Materi￿ Fespeth..
l. accouniing record5 were noi kept in resr*a of CHRIST VICTORY CENTRE INTERNATIONAL &%
quired by section l JO of the.4a= or
2. the accounts do not accord with those records: or
3. the a¢¢ounts do noi Comply ￿1th the accounting requiremenLS concerning ihe forni and wnient of accounts
set out in the Charities (Accounis and Rewrtsl Regulation5 )008 other than any requiremeni ihat the
ac￿u￿t5 sive a -true and fair ￿le￿. which is Th)1 a matter cort5idered ￿ part of an indep¢ndeni
examinatLOn.
I have no concern5 and ha%'e come acr()ss no other mauers in connection kniih the examination io ￿'hiCh a￿en110n
$l*)uld be drawn ill ihis feFQrt in order tsi enable a proper und¢rstsnding of th¢ a¢¢ounts ui be reached.
Marrin Nsiah BA FCCA
Exiernal Examin¢r
Kalomart & Co Aceounthnt5
Firsi Floor
2 Mark'et Place
Bemiondsev
London
SE163UQ
8 Sepiember ?0?2
Page 6

CHR15T VICTORY cE￿TRE INTEILNATIONAL
State￿¢llt of Financial Activities for the Year EDded 31 Deeember 2020
Total
2020
Totsl
2019
Lnrestrirted
Restrirted
Intome and EndowmeDts from-
tknnations and legacies
h¢r trading actil'ities
Investment inwme
Other income
•4.545
1.0?5
25.570
32.045
6.758
25
6.393
6.393
7,930
Total inc4)me
30.96i
1.0?5
31,988
46,784
Expendit￿re on:
Charitable activiiies
her expenditure
128.680}
11.9iOI
(S.9￿)
137.5801
.930
123.9721
4.317
Total expenditure
30.610
39.510
128.289
Nei movement in funds
17.8751
17.5?2
18.495
Reconeiliation of funds
Totsl furHls bwughl forward
160.933
51.661
212.594
194.099
Toral funds carried forward
18
161 ?86
4i.786
05.07?
?12,594
All of the ch8rit>'s aaivities d¢tive from coniiThuing opernions during th¢ a￿0ve periods.
The funds break.dow￿ foi 2019 is showm in wt¢ 18.
The noies on pages 9 to 18 fonn an Integr￿ part of these fitWKia] 5tatemenrs.
Pase 7

CHRIST VI￿oRy CEwfRE ThTERNATIOP4AL
(Regtstratlon Dumber: 11146586)
Balance Sbeet u at 31 De¢enther 2020
2•20
2019
N•)ts
T8D8ible 888ets
13
437.058
445,821
Cllrrent 8Mets
14
15
OJ93
7.930
65
53
73.183
Cash at botsk aDa iti
74
Credlton: Atyounts fAlllng dll¢ wlthts ome yur
16
750
5(Kl
Total *sMts leu enrrent Mabllld
498.6
518504
Credltors: f•]Uni dry¢ After than ••* ye•r
17
293 610
Net asscts
212
Funds of the eharlty:
Restrl¢t¢d Ineome faj
43.786
51.661
Unre•trleted Ine4me fllDd#
161
Total fujds
18
21
September 2022 and gi8￿￿ on their behalf ty.
Dr Ola Oshodi- Cbair of B0￿d of Tn
The notrs on paw 9 to 18 form an int¢￿￿ pth of tlme fina￿1￿ ststements.
Pa8e 8

CHRIST VICTORY CENTRE INTER￿ATIONAL
r4otes to the Financial St4¢ement$ for the Year EDded 31 December 2020
l Accounting wblicies
Statetnenl ofeornplianet
The financial statements haw¢ been prepared in accordance ￿"Ith the Second edition of the Chari¢i¢s St*¢meni of
Recommended Practice issued in (kiob¢r ?019. the Firwicial Re￿)rting Swidard applicabl¢ in th¢ bniied
kingdom and Republi¢ of I￿land IFRS Ioty) and the Chariiies .4ci ?0 I l.
B9515 of preparation
CHRIST VICTORI. CENTRE tNTERN.4TIONAL meets the definition of a public benefit entitv under FRS
10? The ￿COUnts IfJTwi¢iJ siatemenisi ha%'e been prepared under the hI￿or1¢al cosi convention with it¢ms
recognised at cost or transaction value Wlless otherwise $￿ed in the relevant tKFidsl LO th¢se accounts.
Exemption frorn preparing a rasb llow $t*ieme*i
The chariiy opted 10 earl} adopr BulletiD I published ort ? Febnjary ?Ol6 and have therefore not ancluded a cash
flow ststement in these financial statrmens.
Going eoneern
The irustees wnsider thai ih¢r¢ ar¢ rm) ma*rial unccrtainiies alx)ui the charity's ability io Continue as a going
concern.
Income and endowments
Voluotary in¢om¢ Includino don*ions. gifi& leqacies and grdnt5 Ihat pro￿lJe Core funding or are of a general
nature 15 recosnised the rharit). has entitlement io the Income. it is probable thai the income will be
received and the a￿K)Unt can be measured with sufficieni rtliabilit)..
Donalions I￿arIa
t)onations and legacie5 are recogni5ed on a receivable basi5 ￿hen receipi is probable and the amount can be
reliabl)" measured.
Grnnts receivable
Grnnis are recognised ￿hen the Charity has an eniiilemeni io th¢ funds and anv ￿NIlLiOnS link¢d to th¢ grants
have been mei. 11 here performance conditions are attached to ihe £rdnl and are to be rnet. the incotne is
recognised &$ a liabiliry and includcd on ihe balance 5hcet as deferred iTKome to be releastyj.
JU￿St￿ent income
Dividetids are rttogni%d once the dividend h&s been declared and rK)tification has been received of the dividend
due.
Exppnditure
All expendiiure is recognised once iheTe is a lega] or ¢OnSTni¢tive obligation to that expendilure. li is probable
settlement 15 TeqUIT￿ and Ihe arnounT can b¢ m¢asur¢d t¢liabl!. .411 eosts ar¢ allo¢aied to the appli¢abl¢
expenditure heading that aggreJre similar costs io ihai ¢ategor)_ Il'here costs Cannot be directly attribuied to
particular headings rh¢! have been alliKat¢d on a b&si5 consi5reni wilh ihe use of resources. WEh eentsal staff
costs allocai¢d on ihe basis of lime spenT. and d¢pr¢¢i•ion ¢h8rges all(￿￿ed on the w)nion of the as￿'S use.
(hher support costs are allo¢*ed bwd the spread of costs.
Pag¢ 9

CHRIST VICTORY CF.NTRE Ef*TERNATIOYAL
Noles to the Financial Statements for tbe Year Ended 31 Deeember 2020
Ciwitable expenditure compri5¢5 tIK>S¢ co￿ in¢uTr¢d bs" the charity in the deliver). of its acTlVlties and seJvic¢s
for its beneficiaries. It includes tK)th eosts can ￿ ailoLZted directly to such a¢tiviti￿ ond those cosis of aTh
indirect nature necessary to supp)rt them.
Support eosts
Suppx)rt ¢osis include centrdl function5 and have been all￿ated ￿ aaivity. cost Categories on a basis Consi￿en1
with the use of resour¢¢s. for example. all[K￿Ing properiy costs b) floor are&s. or per capit4 staff costs by the
time spent and other c￿5 by iheir usage.
The charity is considered to pass ih¢ iesis ￿ out in Pardgraph I S¢hedul¢ 6 of the Finance Acl ?01 O and
therefor¢ it meets the definition of a charitsble wmpani for LK COTwraiion t&x purposes. A¢wrdinglN', the
charit). is px)tentiall>' e¥emw fTOrn taNaiion in res￿1 of income or capi￿] gains re¢¢i&¢d ￿lth1n categories
covered by Chaprer i Part I l of the CO[￿)ration T&x A¢t ?010 or Seciion ?56 of the Taxation of Chargeabl¢
Gains Aci 1991 io the extent that such income or gains are applied exelllsi¥el> io charitsble purposes.
Tlngiblt fixed assrfs
Individual fixed &%sets costing £O.(K> or more are inttÉallN' Tttordoj * COSL less any subsequent xcutnulthd
depreciation and subsequent accumulaied impainneni losses.
Depreciatitsn and amonisation
tkpreciaiion ss proN'idtd on tangibl¢ fix¢d assets so Ls W WTitc off the Cosi or valuation. less any estimated
residual value. over their expe¢t¢d useful ecO[￿mie life as follovis..
Trade debtors
Trade debtors are amounts due from customers for muchandise ￿ld or seryices perfornied in the ordinary
course of business.
Trade debtorg are recognised initially al the ttransartioTh priee. They are subsequently measured at amortised Cost
using the effective iniere5T m¢thtyJ. less pro%'ision for impairniem. A provision for ihe impairment of trade
debtors is esthblished w'hen there is obje¢ti&e ei'id¢rt¢¢ thai the charity. M'ill noi be able ro eolleet all amourtts due
accordin8 to the original iernis of ihe receivables.
Cash #nd c4$h equivaknts
Cash and cash eqUi￿al£At$ comprise cash on hand atKI call dewsits. and other short-i¢m highly liquid
invesiments ihat ar¢ readily ¢ortvertible io a krM)wn amount of cash and are subj¢¢i to an insignifJ¢ant risk of
chanse in value.
Pagelo

CHRIST VICTORY CENTRE IwfEILNATIONAL
Nol¢s to the Financial Statetnents for the Year Ended 31 December 2020
Borrowings
Int¢r¢si-beaTing borrowings are iniiiajly recorded at frdir value. nei of transaction c4Jsts. Ini¢￿st-bedrInS
borrowings are subsequentlv carried at amonis¢d ¢OSL i¥iih the differenee beNeen the procttd5. nei of
transa¢¢ion costs. and the amount du¢ on redemption bein8 recognised as a ¢harge to The Statement of Financial
Activitie5 ovcr the period of the relevant kntrowing.
Interesi expens¢ is recognised on the b&sis of the effective irttere￿ mdhod and is included in inlerest payable
and similar ¢harges.
Borrowings are cla8sifi¢d as Curreni liabiliiies unless the ¢haritw has an uncondiiional right to d¢fer settlement of
th¢ liability for at le&si iwelv¢ monihs after th¢ reportin8 d*e.
Fund structure
i)rt￿strIcted Income funds are ¥Teneral funds ihat are a￿lIable for use * the trusttts's discwion in furtherance
of the objectives of the chariti.
tksig]Vdted funds are unresrricied ￿ndS sd aside for srttific purp)ses at the discretion of the irusie¢s.
Resiriffled income funds are Tho% don￿ed for use in a parti¢ular area or for specifjc purposes. the use of which
is r¢stri¢ted to th￿ area or purpose.
Financial in$truments
C14ssific￿loft
Financial assets and financiaj liabilities are recognised when the charity becomes a pany ￿ the contractLE
provisions of ihe instrument.
Financia] liabiliiies and equiN are clwified a¢¢ording io the substance of the ¢ontractuaJ
arran8emenis entered inio. An equii) instrument is an) lh￿ eviden¢¢s a r¢sidual initrest in the assets of
the charity afier deducting all of its liabilities.
Recognition ￿e￿￿re￿oi¢
All fitw¢ial a55ets and liabilities are iniliall). Measured ￿ tr2lls2a¥on price lincludtng tr2nsaction costs). excepi
for thos¢ financial a55ets classified as al fair ￿aluC through profil w loss. Mhich are lniliall￿ measured ￿ fair
value Iwhi¢h is T)0m￿lI￿ the trdnwiion price e.xcludino transafflion co$￿). unless the arrangement constitutes a
rjnancing transaction. If an arrdngem¢nr consi11￿e5 a fjnaneing uartsaaion. the financial a55et or financial
liabilitv is measur¢d at th¢ present value of the futur¢ payments diseounied w a markei r* of interesi for
similar debi instrument.
Finartcial a5set5 and liabilities are offset in ihe sraiemenT of financial tM)Sition ￿h¢￿. and onlj when iher¢
exists a l¢gallY enforceable rioht to s¢t off ihe recognised a]Th)unts arml the chariry intends either to Settle on o
basis or to rtali5e the &sset and s¢ttle the liability skmultsneously.
Financial asseis are dere¢ognised when and onl)" ￿hen al the ￿ntracTUal rights ￿ ihe cash flows from the
fia)an¢ial assd ¢¥pl￿ or are settled. bl th¢ chariTh irdnsfers to attoTher parry 5ubsthntially all of the risks and
rewards of o￿nerShip of lh¢ fLnaThcial &SS¢L or ¢1 The charity. despite having rethined ￿rne, bui Mt all.
significant risks and reward5 of ow1￿1P. has transferred control of th¢ asset ts) another party.
Financial liabiliiies are derecogni5ed onl) when ihe obligation specifi¢d in the ¢ontr&i is discharged cancelled
or expires.
Pagell

CHRIST VICTORY CENTRE I.NTEILNATIONAL
Iyotes to the Financial Statements for the Year Ended 31 December 2020
De￿ in51rnn*nts
Debt instTu¥nents which mttt the ftsllo*ing ¢0[￿ltionS art subsequ¢nily measured * amonised cosi using th¢
effedive ini¢r¢si method:
(al The contractual return io the holder is lil a flxed atnouni: lill a p)siiive fixed ￿1¢ or a p)siiive variable tate:
or liiil a combination of a p)siiive or a negativ¢ fixed rdte and a wsi¢iie I'ariable Me.
Ibl The contract mas. proNide for repas'Tnenis of the principal or ihe remrn to the holder Ibui not bothl to be
linked to a 5ingl¢ relevant obseTvabl¢ index of 8eneral pn¢¢ Inflation of the Cu￿¢￿¢>. ITh wthich the debi
instsvmeTrt is denomina*d. providtd 5u¢h links ar¢ tmm leveraged.
Icl The conirdci maj provide for a deiemlinable vari￿10n of the reiurn io the holder durino the life of the
instrument. pro%."ided th￿ lil Ihe new rate saiisfles Cot￿llion lal ar￿ the variation is noi conlingent on future
event5 Other than I I l a change of a ¢ontractual variable rate: i_l to proieci ihe holder against Credit deierioration
of the issuer; 131 changes in levies applied bv a ceniFaJ bonk or arising from ¢hang¢s in relevant wtion or law;
or lill th¢ new rate is a markei rate of inieresi and saiisfi¢s condition lal.
Idl There is no conirdctual PTOi'ision th￿ wul(L bv its tern)s. resuli in the holder losing ihe principa] amouni or
any inieresi attribu￿ble TO the current peri(KJ ot prior periods.
lel Contraciual provisions that pennit th¢ issuer to prtpaj a d¢bi instrument or pernlii the knlder to put it back to
the issuer before matyrity are noi contingeni on future elents. oiher than Lo proiect the holder against the CTedil
deteritsTation of the issuer or a ¢hang¢ in control of th¢ issuer. or io proiect ibe holder or issuer agwnst Changes
in levie5 applied b> a eentrdl bank or arising from chan?e5 in relevani ttxaiion or law.
(fi Contrafflua] provisions may pennii the emension of ihe ierrn of ihe debi it)strumenL providtyj that the
to the holder and any other contra¢n￿l provisions applicabl¢ during the extended ierni satisfy the conditions of
paragraphs lal to {¢1.
Debt tnsmjmenis tha( ate classified as pa!abl¢ OT re¢ei%'able within one Jear on initial recognition and wh¥¢h
m¢et ihe above conditions are measured ai the u1￿15¢0￿￿1ed anxTrunt of ihe cash 01 other consideration expected
to be paid or received. net of iMpairn￿n1.
With the exception of some hedging Instrumen￿ oth¢r debt instruments rH>t tn¢¢titb8 these Conditions are
measured at fair value through profit or105S.
Commitments to make and receive loans Ithich ihe Conditions mentiot￿d atrf>ve are Me&s￿ed at cost
{whieh ma). be nil) less impaiment.
Jnveslmenls
Investment5 in non4onvenible preference shares and non-punable ordinarv or preference share5 Iwhere shares
are publicly traded or Ih¢ir fair value is reliabl% measurable) are measured 3¢ fair ialue ihrou8h profit or ltsss.
Where fair value ¢ant)ot be measured reliably. Inw¢sthienis are measured at Cosi l¢ss impairn]ent.
Investments in subsidharies and asso¢i¥es are measured ai cosi less impainnent. For inNestm¢nis in subsidiaries
acquircd for considerdtion including the issue of shares qualiAing for merger relief. Cost is m¢asured by
reference io ihe nominal va]ue of the shares issu¢d plus fair ￿lUe of oiher consideration. Any premium is
igDored.
Pa8e l?

CHRIST VICTORY CENTRE INTEILNATIO.NAL
Notes to the FinaneiAI St&tements for the Year Ended 31 1)eeember 2020
Derivrtiivefinallciul itt51rnments
The ¢harit) uses d¢T)vaiivt financial instrum¢nts io reduce exw)SUTe to foreign exchange risk and iniefesi rate
nh)v¢ments. The charity does not knld or issue d¢rii'aii¥e financia] iTtswuments for speculative pllrws¢s.
Derii'atives are initially recosnised at fair i'alu¢ al the d￿¢ a deriN7tiie coniraci is entered into and are
subsequenTly remeasured io their fair i'alue at each reporting date. The r¢sulting gain or 1055 15 recognised in
stat¢ment of financial activities immediaiel) unless the deriNaiiNe Is designated and effective &s a hedging
Instrument. in which event ihe timing of the reeo8Thiiion $￿emen[ of fJnaJKial afflivities depends on the
nature of ihe hed8e relationship.
Falr vtttheme&sureffieftt
The besi evidence of fair wajue is a quoted PTi¢¢ for an ideniical assd in an xiive marko. When quoted prices
ar¢ unavailable. the price of a recent transaction for an idethtical a55¢t provid¢5 ￿'idence of fair value &s long &$
Ihere has not been a 51gnLfLcani chan4e in economi¢ ¢ir¢umsunres or a significant lapse of tim¢ since the
trdnsaetion look plaee. If ihe mark'ei is not athive and receni transactions of an identi¢al asset on their are
not a good ¢siima* of fair salue. the fair walue is t￿l￿aled by using a valuwion iechnique.
2 Income frorn donxlions #nd Iycies
UDre5trirttd
ruNd5
General
Re5trieted
funds
To￿1
funds
tknnatiorts and legaci¢5,'
Legacits
Regular giving and capitsi donaiions
ilo
ilo
24235
Total for 21b20
?4,545
Total for 21119
jl.7?0
325
32.045
3 Intome from other Irading *etibitits
L"nrestricted
funds
General
Restricted
funds
Toi41
funds
Total for 2020
Totgl for 21119
6.480
?78
6.758
4 Investment ioeome
Page li

CHRIST VICTORY CENTRE I￿,TERI￿AT1ONAL
Notes to the Finan¢ial Statements for the Year Ended 31 Deeember 2020
I'nrtstrided fund5
Designated
Gett¢r*l
funds
lThteresi receiwable and similar ineome-
Ini¢r¢sr ￿e1vable on bank deposits
25
25
Total for 2020
25
Totsl for 2019
51
5 Other ineome
Total
6 Expenditllre ott r*R5ing funds
Tot41
7 Expenditure on charitable artil'ities
L Thresirided
fund5
GenerAI
Restrided
fund5
Total
funds
Allo¢at¢d support Costs
?8.680
8,9)0
37,580
Totsl for 2019
14.455
9.517
?3.972
Totsl
expenditure
8 (hher expenditu
Inrestricted
funds
GeneTal
Total
funds
Allo¢a¢¢d sUp￿￿rt ￿￿Sts
1.930
1.930
TotAI for 2020
1.930
1.930
Total for 2019
4.317
4,317
Page 14

CHRIST VICTORY CENTRE INTERNATlOJtAL
Notes to tkne Finallrial Stat¢menls for ihe Year Ended 31 Dec¢mber 2020
9 Y¢¢ ID¢ominWoutgoiDg re50urce5
Nei loutgoingyin¢omiog r¢sour¢es for ihe )'ear include..
2020
10 Trustees rernuDer*tion and experts¢s
11 Stsff eosts
No employee received emolurnents of nMTrre than £(rt).lK￿j during the )ear
Page 15

CHRIST VICTORY CE,NTRE I.NTERNATIONAL
Notes to the Financial Statements for the Year Ended 31 December 2020
12 Taxation
Th¢ Charity is a ￿￿Stered charity aTwJ is iherefore exemw from taxation.
13 Txttgibk fixed assets
IADd
buildings
Furniture 8nd
equlpThent
Toigl
Cost
At l January )O?O
61?581
16.174
6)8,755
At 31 December ?O?O
61?581
16.174
628.755
Deprttiation
Ai l January ?O?O
Charge for the year
167.?76
15.358
163
182.634
9.063
Ai 31 tk¢ernber ?020
176.176
191.697
Net Frtbok value
Ai 31 tkcember ?O?O
4i6.405
65i
437.058
Ai 31 D￿ernber ?019
445.i05
816
14 Debtors
2020
2019
(hher debiors
6.i9i
7,930
15 and ¢xsh equivalents
20211
2019
C&sh ai bank
55.981
65.?53
16 Creditors: 4mounts falling due within ODe vur
2020
2019
Accruals
750
500
17 Creditors: 4thounts falling due after one )'e*r
2020
21119
her loans
?93.610
305.910
Page 16

CHRIST VICTORY CE.NTRE INTERNATIONAL
Notes to the Financial Statements for the Year Ended 31 December 2020
18 Funds
Balance xt I
J%nuar%" 2020
Incoming
resourte5
Balance st 31
tkcember 2020
expended
Lnrestricted funds
G¢n¢rdl
160.933
30.9i8
{30,6101
161,261
Designated
25
Total ufiresirided fund$
160.933
30.963
130.610
161.286
Restricl¢d fuDds
51.661
1.0?5
8.WX)I
43,786
Total fuDds
il.988
li9.£101
Resourfes
expended
?05.07?
Balance xt 31
December 2019
IAnce Ai I
J*nu%Th" 2019
Incomin%
resources
Lnrestrieted funds
Generdl
133.5?4
46.181
118.772
160.933
Resiricted fund$
60.575
603
19.5171
51,661
Toi*l funds
194.¢
46.784
1?8.2891
212,594
19 Analysi5 of Det assets betwttn funds
iinrestrirted Tot41 funds 8t Jl
funds
December
General
21120
Tangible fixed assets
Current assets
Current liabilities
Crediiors over l year
437.058
62.374
1750
1?93.610
437.058
62,374
17501
293,6101
Totsl assets
105.07?
205.072
Pa8¢ 17

CHRIST VICTORY CENTRE INTERNATIONAL
Notes to the FiDan¢ial Statements for the Year Ended 31 Deeember 2020
LDre5tricted Tvlxl funds at 31
fund5
Decernber
Genernl
2019
Tangible fixed assds
Current assets
cu￿en1 liabiliti¢s
CreditOTS over l )'ear
445.821
73.183
15001
305.9101
445.821
73.183
15001
305,9101
Total net
?1?594
20 An*ly5i5 of fynds
At l Jaouar). Ai 31 DecernI￿r
2020
2020
C&%h at bank and in hand
65.253
Net d¢bt
65253
65.253
Ai l January At 31 Deeember
2019
2019
C&sh at bank and in hand
??.963
?2.963
Net debi
7.963
Page 18

CHRIST VICTORY CENTRE INTERNATIONAL
Statement of Financial Aetii'ities b!. fund for the Y￿r Ended 31 Deeember 2020
Toial
Total
UDresirided Unrestricted
Funds
Funds
2020
2019
Income and Endowments from:
tk)nations and lega¢ies
her trading afflivities
Inv¢stmeni income
Other income
24.445
31.720
6.480
25
6.393
7.930
Totsl income
30,963
46.181
Expenditure on:
Charitsbl¢ a¢tivitie5
Oth¢r expenditure
128.6801
11,9iOI
114.4551
4.317
Totsl expenditure
130.6101
118.772
Net income
353
?7.409
Net movement in funds
353
?7,409
Retoneili*tion of funds
Total funds br(>ughi forward
160.933
133.524
Totsl funds carried forward
160,933
This page do￿ not fi)rm part of the st￿U￿r). fEnancial ststemcnts.
Page 19

CHRIST VICTORY CENTRE INTERNATIONAL
Stat¢ment of Financial Aetii'ities b). fund for the Year Ended 31 December 2020
Total
Re5trided
Funds
21121b
Total
Restricted
Funds
21119
Ineome and Endowments from:
tk)naiions and legacies
Other tradinsi activities
325
278
Total income
1.025
603
Expendiiurt on:
Charitsble activiiies
19.517
Totsl expenditure
18.WOI
19.5171
Net expe[￿ilUre
7.875
18.914
Net movement in funds
7.8751
18.9141
Reconciligtion of fllnds
Totsl funds brought forward
51.661
60,575
Totsl funds carried forwwd
43.786
51.661
This pdge does noi fomi part of the financial statements.
Page ?0

CHRIST VECTORY CENTRE IL%TERNATIONAL
Detailed Statement of Fingncial Activities for the Year Ended 31 December 2020
Ttstal
2020
Total
2019
lrteorne and Eodowments from:
tknnations and legacies lanal)"sed below)
(hher trading ac(iN'iiies lanal)sed btlow
Invesimeni incorne lanalysed belo￿)
Other In￿Me lanaly%d below)
25.570
32.045
6.758
25
6.393
7.930
Totsl income
31,988
46.784
Exptnditure on:
Char2table actiiiiies lanalysed below)
(hher expenditure lanal)sed b¢luul
137.5801
11,9301
1?3.9721
14.317
Total expenditur¢
39.5101
128.?891
Net lexpenditurevineome
17.5?21
18.495
Ner movemeni in funds
175221
18.495
R¢¢orteiliation offuDds
Total funds brought forward
194.099
Total funds carried forward
105,072
212.594
This pag¢ does not form pan ofthe StsTu￿ry financial 5wements.
Pa8e?I

CHIUST VICTORY CENTRE II%TERNATIONAL
Detailed Statement of Financi41 Activities for the Ye#r Ended 31 December 2020
I'otAI
2020
Toigl
2019
leguci
Tithes
Offerin8S
Building Furtds
29.319
2.401
3?5
j?,045
1.025
?5.570
thher irttding 4rtivitses
tA)naiions
Yourh Contrib￿l0￿S
6.480
6.758
Investn￿￿t income
InieTest on cash dew)si1s
Inierest on c&sh d¢FX)Sits
25
51
51
Otherincome
Other income
6.393
6.393
7,930
7.930
Chariiable oclivili
Wages and salaries
Smortgage pa>able
Charitable donations
Depreciation of freehold pro￿rtY
12 ?501
12.0251
11801
19.517
?j,9721
{28.6801
18.900
37.5801
her e¥pendi¢ure
'ages and salarits
Telephone and fax
Accountanc) ftts
The audit of the charir)'s annual accounts
Depreciation of office equipmeni
1? ?501
11,3631
15001
{1.0171
17501
11631
1,930
12041
4.317
This page does tKFt forni part of the financial swements.
Pagc 22