The Redeemed Christian Church of God (RCCG) Vlctory Assembly
(Registered Charity Number - 1085107)
Trustees, Annual Report and Financial Statements
for the year ended 31 January 2024.

The Redeemed Christian Church of God {RCCGI Victory Assembly
Contents
Reference and Administrative Details
Trustees. Annual Report
Independent Examiner's Report
ststement of Financial Activities
Balance Sheet
Notes to the Financial Statements

The Redeemed Christian Church of God IRCCG) Victory Assembly
Rreference and administrative details of the tharity. its twstees and advisers
For the year ended 31 January 2024.
Trustees
ProfessorAdewale Adebajo FRCP, MBE- Chairman
Mrs Stella Oviasu
Pastor Isaac Aleshinloye
Charity Reglstratlon No
1085107
HMRC Charlty Tax Reference No
XR53622
Prlnclpal Address
Unit 14, Aizlewood's Mill
Nursery Street, Sheffield
53 8GG
Bankers
National Westminster Bank
Sheffield City Centre
42 Hi8h Street
Sheffield
SI 2GE
Independent Examlner
Resource Accountancy Practice Limited
46 Hollywood Way
Erlth
Kent
DA8 2QE

The Redeemed Christian Church of God IRCCG) Wittory Assembly
Trustees, Annual Report
Forthe year ended 31January 2024.
The trustee5 submlt their report and the financial statements of The Redeemed Christian Chruch of God (RCCGI
Virtory Assembly for the year ended 31January 2024. The trustees confirmed that the annual report and
financial of the charity comply with the current ststutory requirements of the charity governing documents
and the provisions of the Statement of Recommended Practice ISORP) 'Accountin8 and Reporting by Charities,
issued in March 21J)5.
ststus
The charity was constituted under a Trust deed dated 17January 2001 and is registered in England and Wales with
charity number 1085107 on 21 February 21Y)I.
Appointement or Election of Trustees
Trustees are elected and C￿opted under the tenns of the trust deed.
Organisational Strurture and Decision Making
The charity is organised in such manner that permits the trustees to meet and manage its affairs. The paid staff and
volunteers manage the day to day administration of the church.
Related Party Relatlonships
The charity is a parish ofThe Redeemed Chrlstian Church of God {RCCG) which has parishes all over the world.
The charity's relationship with other RCCG parishes is governed by an Agreement for Common Purposes,.
Principal Funding
Funding has been provided mainlythrough tithes and offerings by church members.
Reserve Policy
The trustees have agreed that the level of unrestricted reser4e should be a minimum of one month's outgoings,
which should include the monthly payment for the church property's lease.
Obejcts and Activities
The principal aims & objectives of the charity are:
The advancement of Christian faith
Employing diverse ways of teaching and educating members on the knowledge of God
To give Chrisitian care and welfare to all members of the community as necessary
To organise children and youth activities, to promote unity in the course of developing
deeper spiritual growth
To provide hospitality to visiting ministers of the gospel
Working in co-operation with other Christian Churche5 and organisation5 and support
events with similar Christian aims and objectives.

The Redeemed Christian Church of God IRCCG) Victory Assembly
Trustees, Annual Report {Continued)
For the year ended 31January 2024.
The principal activities of the charity include..
The advancement of the Christian faith in accordance with the doctrines set out in the statement of faith
companies in the schedule. The relief of poverty. Committed to buildin8 people and changing lives forgood.
The spiritual and social artivities engaged in during the period include:
Walking in Victory Conference in November and the Achieve[5 conference in May which were aimed at reviving member5 for
greater impact in their daily living. Others are Couples Retreat in February 2023. Quartely Breakfast Meetings with Victory
Assembly Levites IVA'S Men Group) with an hourly prayer meeting; every first Sunday of each month. The Achievers Group
Ithe women group of Victory Assembly) Meets everyday online via zoom for prayers.
During the period under review, the charity sponsored Children through the work of compassion UK with our monthly donation.
We also reach out to nursing home5 at Easter and Christmas Season,. we held carol service for them and occasionally make
donations to the Children's Hospital through our crty CONNECT ministry every year. During the yearwe distributed hundreds
of love Christmas turkey hampers for strugglin8 families. We hope to continue givlng out love Christmas hampers for the
foreseable future.
In April 2023, we held Psalm's Alive for the first time in many years.Psalm's Allve Is a free annual musical event that hosts
nights of praise, worship and prayer for the city of Sheffield and Unlted Kingdom.
Statement of Trustees, Responsibilities
The charity trustees are responsible for preparing the financial statements for each financial perlod which
should gives a clear view of the state of affairs of the charity and of the surplus or deficit of the charity for that
period. In preparing those financial statements. the trustees are required to:
Select suitable accounting policies and then apply them consistently;
Make judgement and estimates that are reasonable and prudent.
The trustees are responsible for keepin8 proper accountin8 records which disclose with reasonable accuracy
at any time the financial position of the charity and enable the trustees to prepare financial statements.
The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps
for the prevention of fraud and irregularities.
The trustees have declared that they have approved the tnjstees report above.
Signed on behalf of the trustees..
Name:
A-b tr7S/t f?
Position=
Signature..
Date:
- £e/La Z¢L(È-

The Red￿rned Christian Church of God (RCCG) Victory Assembly
INDEPENDENT EXAMINER'S REPORT
FOR YEAR ENDED 31 JANUARY 2024
Independent examinerfs report to the Trustees of the Redeemed Chrlstlan Church
of God (RCCG) Victory Assembly.
I report to the charity Trustees on my examination of the accounts of the charity for the year
ended 31 January 2024 which is set out on pages 7 to 13.
RESPONSIBILMES AND BASIS OF REPORT
As the Trustees of the Charity, you are ￿$[1)nSIble for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011("the 2011 Act").
I report in respect of my examination of the Charity's accounts carried out under section 145
of the 20 1 l Act and in carrying out my examination I have followed the applicable directions
given by the Charity Commission under section 145(5)(b) of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examination. I confirm that no matters have come to my attention in
accordance the examination giving me cause to believe that in any material respect:
l. Accounting records We￿ not kept in respect of the Charity as requlred by section 130
of the 2011 Art; or
2. The accounts do not accord with those ￿cOrdS. or
3. The accounts do not comply with the requirements concerning the form and content
of accounts set out in the Charities (Account 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 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.
This report is made solely for the Charity's Trustees, as a lJ)dyrt in accordance with Part 4 of
the Charities (Accounts and Reports) Regulation 2008. My work has been undertaken so that
I might state to the Charity's Trustee those matters I am required to state to them in an
independent examiner's report and for no other purpose. To the fullest extent permitted by
law, I do not accept or assume responsibility to anyone other than the Charity and the
Charity's Trustees as a body, for my work or for this report.
Akintayo Ojo FCCA
Chartered Certified Accountant
46 Hollywood Way
Erith
Kent
DA8 2QE
Date:
eptember 2024

The Redeemed Christian Church of God (RCCG) Virtory Assembly
ststement of Financial Activities
For the year ended 31January 2024
Unrestricted Restricted
Furtds
Funds
Notes
Total
Total
2024
2024
2024
2023
Income from..
Donations
370.659
53,602
424,261
2.395
324,691
Bank interest
28
2.367
422
Total Incoming Resources
370.687
55.969
426,656
325,113
Expenditure on:
Charitable activities
353.771
353,771
353,771
328.775
Total expenditure
353,771
328,775
Net income/lexpenditurel
16,916
55.969
72.885
-3,662
Transfers between funds
io
Net movement in funds
16.916
55,969
72,885
-3,662
Total funds brought forward
29,618
135,897
165,515
165,515
Total funds carried foThvard
46,534
191,866
238,400
161,853

The Redeemed Christian Church of God {RCCGI Ifictory Assembly
Balance Sheet
As at 31 January 2024.
Notes
2024
2023
Fixed Assets
Tangible Assets
4.035
4.249
Current Assets
Debtor and Prepayments
Cash and bank balances
4.988
8,720
246,767
173,224
Total current assets
251.755
181,944
Credltors: amount fallin8 due within a year
750
650
Net Current Assets
251,005
181,294
Total assets less current liabilities
Creditors.. amount falling due after rn0￿ than one year
Total Net Assets
255.040
185,543
Funds of the Charity
General funds
68,018
36,048
Restricted income funds
io
187,022
149,495
Total funds
li
255,040
185,543
The account5 have been prepared in accordance with the special provision of Ststement Of Recommended Practice;
Accounting and Reporting by Charities ISORP) issued March 2005 as modified for smaller charities.
The trustees declared that they have approved the accounts above.
Signed on behalf of the charity trustees=
Name..
Position..
cthrt//L
Signature:
Date..
If Sè4S Z@LLkJ

The Redeemed Christian Church of God (RCCG) Wictory Assembly
Notes to the Accounts
For the year ended 31January2024.
l. Accounting Policies
(al General
The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charities=
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (effective I
January 2015). Charity SORP. the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2006. The financial statements have also adopted Charities SORP IFRS
1021 Bulletin l and have taken the exemption not to prepare a cash flow statement.
Redeemed Christian Church of God IRCCGI Victory Assembly meets the definttion of a public benefit
entity under FRS 102.
{bl Going concern
The accounts have been prepared on a going concern basis as the Trustees believe that no material
uncertainties exist. The Trustees have considered the level of fund5 held and the expected level of
Income and expenditure until January 2023. The budgeted income and expenditure is sufficient with the
level of reserves for the charity to be able to continue as a going concern.
Icl Income
Income is reco8nised in the SOFA when the charity has entitlement to the funds. any perfonnance
Conditions attached to the monies have been met. the receipt of the income is probable and its amount
Can be reliably measured.
Income from government and other grants. whether'capital, grant or'revenue, grants. is recognised when the
Charity has entitlement to the funds, any performance conditions attached to the grants have been met. it is
probable that the income will be received and the amount can be measured reliably and is not deferred.
Idl Expenditure and liabilities
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it 15
probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the artivity for which the expenditure was incurred.
lel Tangible fixed assets
All assets costing more than £400 are capitalised and valued at historical cost
Depreciation has been calculated to write down the cost or valuation. le55 estimated residual value, of all
tsngible fixed assets over their expetted useful lives on a straight line basi5.

The Redeemed Christian Church of God IRCCG} Victory Assembly
Notes to the Accounts
For the year ended 31 January 2024.
l. Accounting Policies
{al General
The financial Statements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with
the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 {effective I
January 20151. Charity SORP, the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 and the Companies Act 2006. The financial statements have also adopted Charities SORP IFRS
1021 Bulletin l and have tsken the exemption not to prepare a cash flow ststernent.
Redeemed Christian Church of God IRCCG} Wictory Assembly meets the definition of a public benefit
entity under FRS 102.
Ibl Going concern
The accounts have been prepared on a 8oin8 concern basis as the Trustees believe that no material
uncertainties exist. The Trustees have considered the level of funds held and the expected level of
income and expenditure until January 2023. The budgeted income and expenditure is sufficient with the
level of reserves for the charity to be able to continue as a 8oin8 concern.
Icl Income
Income is recognised in the SOFA when the charity has entitlement to the funds, any perforniance
Conditions attached to the monies have been met, the receipt of the income is probable and its amount
Can be reliably measured.
Income from government and other grants, whether 'capital' grant or 'revenue' grants, is recognised when the
Charlty has entltlement to the funds, any performance conditions attached to the grants have been met, it is
probable that the income will be received and the amount can be measured reliably and is not deferred.
Idl Expenditure and liabilities
Expenditure is recognised once there is a legal or construrtive obligation to make a payment to a thlrd party, It Is
probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost a8ainst the attNity for which the expenditure was incurred.
lel Tangible fixed a55ets
All assets costing more than £400 are capitslised and valued at historical c05t
Depreciation has been calculated to write down the cost or valuation, less estimated residual value, of all
tangible fixed assets over their expected useful Ir4es on a straight line basis.

The Redeemed Christian Church of God {RCCGI Victory Assembly
Notes to the Accounts (Continued)
Forthe yearended 31January 2024.
Unrestrirted Restrirted
Funds
Funds
Totsl
Totsl
2024
2024
2024
2023
2. Income from grants and donations
Tithe and offerings
Thanks8ivin8
312,659
53,602
366.261
272.915
26.391
26.391
15,101
339,050
53.602
392.652
288,016
Seed donations
Grants
Gift Aid claimable
31.609
31,609
36,675
370,659
53.602
Unrestricted Restricted
Funds
Fund
424.261
324,691
3. Expenditure on Charitsble artivities
Total
Total
2024
2023
Staff cost
174,067
174.067
170.569
Payroll fees
750
750
750
Honorarium & Èxpenses- guest mlnisters
30,123
30,123
19,000
Charitable 8ifts & offerin8
13,104
13,104
17,204
Depreciation char8e
4,306
4.306
9,066
Church rental costs
40.194
40,194
60,852
Repairs and maintenance
1.360
1,360
525
Hotel and accommodation
12.300
12,300
6,158
Events
11,594
11.594
5,785
Insurance, Ilcenses and legal fees
5,675
5,675
3,380
ststionery, printing and publicity
1.906
1,906
581
Telephone, internet and postsge
Welfare
5,623
5,623
3.641
6.101
6,101
5,877
8ank and card retript facility charges and interest
Travel
2,955
2,955
2,3S3
8,916
8,916
7,953
Psalm's Alive
20.327
20,327
Refreshments & Hospitality
Training and stsff development
7.015
7,015
6,633
6.704
6.704
7,148
Independent examination
Total Resources Expended
750
750
1,300
353.771
353,771
328,775

The Redeemed Christian Church of God (RCCG) Victory Assemblv
Notes to the Accounts {Continuedl
Forthe year ended 31 January 2024.
4. Staff Costs and numbers
2024
2023
Unrestricted Restricted
Total
Totsl
Salaries
134,161
134.161
138,527
Employer's National Insurance
Employer's Allowance
Pension Cost
26,374
{4,000)
6,731
10.8iXI
26,374
19,952
14,000}
5,289
(4.0001
6,731
Pastoral Scheme
10,800
10.800
174.067
174,067
170,568
No employee received emoluments of more than £60.(￿0. The average number ofstaff durin8 the yearwas 8
12023.. 81
5. Fees paid to the independent examinerfs organisation
2024
2023
Independent examinees fee
650
650
6. Trustees remuneration, benefits & expenses
Trustees recived no remuneration. benefits or expenses in this perlod.
Multi-media Fumiture &
Musical
Equipment IT Equipment Equipment
7. Tan8ible Fixed Assets
C05t of valuatlon
Vehicle
Total
as at l February 2023.
66.685
38,322
39,747
146,354
Addition
4.306
4,306
Disposals
as at 31 January 2024.
66,685
38,322
44.053
150,660
Depreclatlon
as at l February 2023.
Char8ed for the period
813
64,083
37,463
858
39.746
142.105
200
2,601
861
4,520
Di5P05als
as at 31 January 2024.
1,013
66,684
38,321
40.607
146,625
Net Book Value
as at 31 January 2024.
587
3,446
4,035
as at 31 January 2023.
787
2,602
859
4,249

The Redeemed Christian Church of God {RCCGI Wictory Assembly
Notes to the Accounts (Continued)
For the year ended 31 January 2024.
8. Debtors
2024
2023
Other debtors
4.988
8,720
9. Creditors: amount falling due within one year
2024
2023
Trade Creditors
Other taxes & social security
Accruals
750
650
750
650
Balance Feb- Incoming
2023.
resources
Resources
expended
Balance Jan
2024.
10. Restricted funds
Transfers
Buildin8 fund
131,053
55.969
187,022
131,053
55.969
187,022
Balance
blfwd
Incoming
resources
Resources
expended
Balance
clfwd
Prior year comparative
Transfers
Building fund
131.053
18,442
18,442
131,053
131,053
131,053
Building Fund
The charity 15 looking to purchase her property. Specific donations are being raised for this.
Unrestricted Restricted
Funds
Funds
11. NetAssets by fund
Total 2023
Fixed assets
4.035
4,035
Net current assets
63.983
187,022
251,005
255,040
68,018
187,022
Unrestricted Restrirted
Funds
Funds
Prior year comparative
Total 2023
Fixed assets
4.249
4,249
Net current assets
31.799
149.495
181,294
36,048
149,495
185,543