The Redeemed Christian Church of God (RCCG) Victory Assembly
(Registered Charity Number- 1085107)
Trustees, Annual Report and Financial Statements
for the year ended 31 January 2025.

The Redterned Christian Church of God IRCCGI Wictory AssemtAy
Contents
Referen￿ and Administrative Details
Trustees, Annual Report
Independent Examiner's Report
ststement of Financial Activities
Balan￿ Sheet
Notes to the Financial Ststements

Thè Redeemed Christian Church of Gcxl IRCCGI Victory Assembly
Rreference administrative detall s of the charity, its trustees and advisers
For the year ended 31 January 2025.
Trustees
Professor Adewale Adebajo FRCP. MBE- Chaimian
Mrs Stella Oviasu
Pastor Isaac Ale5hinloye
Charlty Re8iStration No
1085107
HMRC Charlty Tax R•hrnnce No
XR53622
Pthdp&l Address
Unit 14, ￿￿ewOod'S Mill
Nursery Street, Sheffield
S3 8GG
Bankers
National Westminster Bank
Sheffield City Centre
42 High Street
Sheffield
512GE
Indepond•nt Examln•r
Resour￿ Accountancy Practi￿ Limited
46 Hollywood Way
Erith
Kent
DA82

The Redeemed Christtan Church of God IRCCGI Virtory Assembly
Trustees. Annual ReFQrt
For the year ended 31 January 2025.
The trustees submit their rewrt and the financial statements of The Redeemed Christian Chruch of God IRCCGI
Victory Assembly for the year ended 31 January 2025. The trustees confirmed that the annual rel￿rt and
financial of the charity comply with the current statutory requirements of the charity goveming documents
and the provislons of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charitie5'
issued In March 2(K15.
Status
The charity was constltuted under a Trust deed dated 17 January 2C(11 arKf Is registered In England and Wales wlth
charity number 1085107 on 21 February 21J)l.
Appointèment or Election of Trustees
Trustees are elected and ct>opted undèr the terms of the trust deed.
Organisational Structure and Declslon Maki
The charity is organised in such manner that permits the trustees to meet and manage its affalrs. The pald staff and
volunteers manage the day to day administration of the church.
Rtlated Party Relationships
The charTty is a parish ofThe Redeemed Chrlstian Churth of God IRCCGI whith has parishes all over thè worfd.
The charity's relationship Mth other RCCG parishes is governed by an Agreement for Common Purposes,.
Prinupal Funding
Funding has been prowded rnain￿ through tithes and offerir£s by churth members.
Reserve Poli
The trustees have a8reed that the level of unrestricted reserve should be a mlnimum of one month's outgoings,
which should include the monthly pa￿ent for the church PrO￿tty'S lease.
Obejrts and Activities
The prindpal alms & objectives of the charity are:
The advancement of Christian faith
Employing diverse ways of teaching arml educating members on the knowledge of God
To glve Chrisitian care and welfare to all members of the community as necessary
To organlse children and youth actlvitles. to promote unlty Sn the course of developin8
deepèr spiritual growth
To prowde hospttality to visitin8 ministers ol the 8ospel
Working in Cfroperation with other Christian Churthes and organisations and support
events with similar Christian aims and objertives.

The Redeemed Christian Church of God IRCCGI Wittory Assembly
Trustees. Annual Report (Continued)
For the year ended 31 January 2025.
The principal activities of the charity include-
The advancement of the Christian faith in accordance the dortrine5 set out in the statement of faith
companies in the schedule. The relief of poverty. CommTtted to building people and changing lives for good.
The spiritual and social activwties engaged in (luring the period indude-.
Walkin8 in Victory Conference in November and the Achievers conference in Maywhich were aimed at revtvinB members for
greater impact in their daily living. Others are Couples Retreat in February 2024. Quartely Breakfast Meetings with Victory
Assembly Levites IVA'S Men Group) with an hourly prayer meetin& every first Sunday of each month. The Athievers Group
(the women group of Wictory Assembly) Meets everyday online via zoom for prnyers.
Durlng the period under review, the charity sponsored Child￿n through the work of compassion UK with our monthly donation.
We also reach out to nursing homes at Easter and Christmas Season: we held carol service for them and occasionally make
donations to the Children's Hospttal through our CITY CONNECT ministry every year. During the year we distributed hundreds
of love Christfnas turkey hampers for struggling families. We hope to continue gp4ing out love Christmas hampers for the
foreseable future.
In April 2023, we held Ps8lm's Alive for the first time in many years.Psalm's Alive is a free annual musical event that hosts
nights of praise, worship and prayerfor the city of Sheffield and United Kingdom.
Statement of Trustees, Responsibiltties
The charity trustees are responsible for preparing thefinancial statements for each financial pericd 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 consistentty:
Make judgement and estimates that are reasortable and prudenL
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charity and enable the trUStee5 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 tjeclared th3t they have approved the trustees ￿pOrt above.
Signed on behalf of the tnJstees=
Name:
Position..
Signature=
Date..
Lg /&/zo2f

The Red￿rned Christian Church of God (RCCG) Victory Assembly
INDEPENDENT EXAMINER'S REPORT
FOR YEAR ENDED 31 JANUARY 2025
Independent examiner's report to the Trustees of the Redeemed Christian Church
of God (RCCG) Victory Assembly.
I report to the charity TrUSt￿S on my examination of the accounts of the charty for the year
ended 31 January 2025 which is set out on pages 7 to 13.
RESPONSIBILrfIES AND BASIS OF REPORT
A5 the Trustees of the Charity, you are resFonsible for the preparation of the accounts In
accordance with the requirements of the Charities Act 201 Ivthe 2011 Act.).
I report in respect of my examination of the Charity's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed the applicable directions
given by the Charity Commission under settion 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 respett:
l. Accounting records were not kept in respect of the Charity as required by section 130
of the 2011 Att; or
2. The accounts do not accord with those records; 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 rewrt in order to enable a proper
understanding of the accounts to be reached.
This report is made solely for the Charity's Trust￿, as a IM)dy, 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 Charty's Trustee those matters l am reqUI￿d 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: 41 August 2025

The Redeemed Christian Church of God IRCCGI Victory Assembly
ststement of Flnanclal Actlvlties
the year eThJed 31 January 2025.
Unrestrlrted Restrtrted
Funds
Funds
Notes
Total
Total
2025
2025
2025
2024
Income from-
Donations
384.162
8,178
392,341
424,261
2,395
Bank Interest
91
3.613
Total IncomlrE Resources
384.253
11.791
396,044
426,656
Expenditure on:
Charitabl• activttie5
328.298
328,298
353.770
Total expendtture
328,298
328,298
353.770
Net income1lexpendl￿reI
55.955
11.791
67.746
72,886
Transfèrs ￿tween funds
io
Net movement in funds
55,955
11,791
67,746
72.886
Total funds brought forward
29.618
I35￿97
165,515
165,515
Total funds carrled forward
85.573
147,688
233.261
238,401

The Redeemed Christian Church of God IRCCGI Victory Assembly
Balance Sheet
As at 31 January 2025.
Notes
2025
2024
Fixed Assets
6,763
4,035
Tanglble Assets
Current Assets
14,113
292.220
4,988
246,767
251.755
Debtor and Prepayments
Cash and bank balances
306.333
Total current assets
750
750
Creditors.. amount falling due within a year
305,583
251.CrfJ5
Net Current Assets
Total a55ets less current liabilities
Creditor5- 3mount falling due after more than one year
Total Net Assets
312,347
255,040
Funds of the Charity
117.146
68,018
General funds
io
195.200
187,022
Restricted incomè funds
li
312,347
25S,040
Total funds
The accounts have been prepared in accordance with the special provtsion of Statement Of Recommended Practice;
Accounting and Rep¢yting by Charities ISORPI i&sued March 2(K15 35 modified for smaller charities.
The trustees declared that they have approved the accounts above.
signed on behaw of the charity trustees-.
Name:
P051tion:
•I/L
Signature..
Date..

The Redeemed Christian Church of God IRCCGI Vlctory Assembly
Notes to the Accounts
For the ytar ended 31 January 2025.
l. Accounting Policies
(al General
The finandal ststements have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in ac£ordan￿ with
the Financial Reporting Standard ap￿ICable in the UK and RepU￿1C of Ireland IFRS 1021 leffertive I
january 20151. Charity SORP. the Financial Reportlng Standard aP￿itabl& in the UK and Rèptjblic of Irèland
IFRS 1021 and the Companies Act 20%. The finanual statements have also adopted Charities SORP IFRS
1021 Bulletin l and have taken the exemption not to prepare a cash flcw statement.
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 going concern basis as the Trustees believe that no material
urKertainties 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 Ès sufficient with th•
level of reserves forthe charity to ￿ able to mnttnue as a goin8 concern.
Icl Income
Income is recognised in the SOFA when the tharity has enti￿ementt0 the funds, any performance
Conditions attathed to the monies have been met. the receipt of the income is probable and its amount
Can k relSably measured.
Income from govemmtnt and other grants, whether'capital. grant or'revenue. grants, is reco8ni5ed when the
Charity has entidement to the funds. any performarKe conditions attathed to the grants have been met. it is
probable that thè irt¢ome will be received and the amount can be measured reliably and 15 not deferred.
Idl Expenditure and liabiifcies
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is
probable that setdement will be ￿QuIred and the amount of the obligation can be measured reliably.
lrrecovera￿e VAT is charged as a cost agalnst the activity for which the expenditure was incu￿ed.
(el Tangible fixed assets
All assets Costing mcfe than £4CQ are (apltalised and valued at historical c05t
Depreciation has beèn ¢aFculated to write down the cost or valuation. less estimated residual value. of all
tangible fixed assets over their expected useful lives on a straight line basis.

The Redeemed Christian Church of IRCCGI Vittory Assembly
Notes to the Accounts {Continuedl
For the year ended 31 January 2025.
The applicable rates are:
Multi-media equipment
Musical equipment
Fumiture & rr equipment
Vehlde
25%
12.5%
lfj Cash and cash equivalents
Cash and cash equvalents comprise cash on hand and call deposlt4 and other sl)ort-term highly liquld
investments that are readity concertible to a kn￿rtn amount of cash and are suty'ect to an insi8nifKant risk of
change in value.
Igl Trade debtors
Trade debtor5 are amounts due from customers for Servi￿ performed in the ordinary course of business.
TradÈ debtors are recognised Initialty at the transaction price. Tly are subsequently measured at amortised
using the effective interest method, less pr¢)vlsion for impairment. A provtsion for the impairment of trade
debtor5 is established when thère 15 objective evidence that the company will not be able to collect all amounts
due accordin8 to the ori8nal terms of the receivable&
Ihl Trade creditors
Trade creditors are oblgations to pay for goods or services that have been acquired in the ordinary course of
buslness from supplier& Accounts payaile are classified as current liabilrties rf the tharty does not have an
unconditional rlght at the end of reporting perto¢ to defer settlement of the ceditor for at least twefve months
after the reporting date. If there is an uncondltional rlght to defer settlement for at least twelve after the
reporting date. they are presènted as norpcurrent lalbtiitles.
Trade creditors are reco8nisoJ initially at the transxtTron Pri￿ and subsequently measured at amortised cost
using the effertive interest method.
lil Fund accounting
un￿Stricted fvnds are donations and other Income receivable or8eneTrted for the objects of the organisation
wlthout further speclfled purpose and are avallalJe as general furKIs.
Restricted funds are don*ions whith the donor has S￿tified are to be solely used for partSoJlar areas of the
charivs work or for 5pecifr artistic projects being uTrJertakine by the tharfty.
til Pensions
The organsation has defined contributions pensron scheme. Contributions a￿ charged in the accounts as they
become payable in accordance wtth the rules of the schème.

The Redeemed Chrtsttan thur¢h of GOKI (RCCGI Victory Assembly
Notes to the Accounts {Continuedl
For the year ended 31 January 2025.
Unrestrirted Re5trirted
Funds
Funds
Total
Total
2025
2025
2025
2024
2. Income from grants and donation5
rithe and offerin8S
Thanksgiving
315.018
4178
323,197
366,261
9.270
9,270
332.467
26.391
324.288
8.178
392,652
Seed donations
Grants
Gift Aid claimable
59,874
59,874
31.609
384.162
8.178
Unrestricted Restrlrtèd
FuTras
Fund
392.341
424,261
3. Expenditure on charitable activfties
Total
Total
2025
2(f25
2025
2024
Staff cost
159,8C6
Is9,￿6
174,067
Payroll fees
750
79)
750
Honorarium & expenses- guest ministers
25.677
25,677
30,123
Charitable gifts & offeri
13.4%
13,496
13,104
Depreaation charge
2.324
2,324
4.306
Church rentsl costs
45.097
45.097
40,194
Repairs and maintenance
1.360
Hotel and accommodatlon
16.278
16,278
12,3CX)
Events
129
129
11,594
Insurance, licenses and legal fees
5,675
Statlonery, printing and publicity
452
452
1,9tE
Telephone, intemet and postage
6,529
6.529
5,623
Welfare
9,1
9,150
6.101
Bank and card receipt faollty tharges and interest
Travel
3,219
3.219
15,407
3,470
8,334
8,476
2,955
8,916
20,327
15,407
Psalm's ￿1ve
3,470
8.334
Professional Fees
Refreshments & Hospitality
&476
7,015
Training and stsff development
5.391
5.391
6.704
Independent examination
750
7X)
750
Total Resources Expended
328,298
328,298
353,770

The Redeemed Christian Church of God IRCCGI Victory Assembly
Notes to the Accounts (Continued)
Forthe year eThJed 31 January 2025.
4. Staff Costs and numbers
2025
2024
Unrestricted Restricted
Totsl
Total
Salaries
124,197
24.326
14,C((i)
5,383
124,197
24.326
14,Cn)I
5.383
134,161
25,374
14,(KK)I
6,731
10.8CK)
Employerfs National Insurance
Employer's Allowance
Pension Cost
Pastoral Scheme
159,8C
159,806
173.1%6
No employee re￿iVed emoluments of more than £fA).CKX). Tr average number of staff durrA8 the year was 8
12023.. 81
5. Fees paid to the independent examiner's organIsa￿n
2025
2024
Independent examlner's fee
793
6. Trustees remuneration, bènefits & expenses
Trustees reaved no remuneration, bènefits or expense5 in this peric#l.
Multi-media
Furniture &
MusÉeal
Equipment IT Equipment Equipment
7. Tangible Fixed Assets
Cost of ¥aluatlon
Vehlde
Total
as at l February 2￿4.
Addltlon
38,322
44,053
150.660
5.052
5,052
Disposals
asat31 January2025.
71.737
38,322
44,053
155,712
i￿Pr•Clo110n
as at l February 2024.
Charged for the period
1,013
66.684
38,321
40,FA)7
146,625
1.263
2.324
Disposals
as at 31 January 2025.
1,213
67,947
38,321
41.468
148,949
Net Book Valuè
as at 31 January 2025.
387
3.7
2,585
6,763
asat31January 2024.
587
3,446
4,035

The Redeemed Christian Church of IRCCGI Victory AsSem￿Y
Notes to the Accounts Icontinuedl
For the year ended 31 January 2025.
8. Debtors
2￿5
2024
Other debtors
14,113
4,988
9. Credltors= amount falllng due withln one year
2025
2024
Trade Credltors
Othertaxes & social securlty
Accruals
79)
750
750
Balan￿ Fei> Incoming
2￿24.
resources
Resources
expended
Balance Jan
2025.
10. Rèstrided funds
Transfers
Building fund
187.022
8.178
195,2CX)
I87,￿22
8.178
195,200
Balan
Incomin8
resources
Resources
expended
Balance
cl￿d
Prior year comparathe
b/fv
Transfers
Building fLFfKI
131,C63
187,022
131,053
55.969
187,022
Bullding Fund
The tharity is looking to wrchase her property. SpecifK donations are belng raised for this.
Unrestricted Restricted
Funds
Funds
11. Net Assets by fund
Total 2￿5
Fixed assets
6.763
110,383
6,763
Net current 4S5ets
195,2(J)
305.583
117,146
195,2
312,347
Unrestricted Restrirted
Funds
Funds
Prior year comparative
Totsl 2024
Fixed assets
4.035
63,983
4.035
Net C3Jrrent assets
187,022
251,C(15
255.040
68,018
187,022