REDEEMED CHRISTIAN CHURCH OF GOD VICTORY CENTRE FOR ALL NATIONS
ANNUAL ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Charity Registration No: 1097800
REDEEMDE CHRISTIAN CHURCH OF GOD
VICTORY CENTRE FOR ALL NATIONS
YEAR ENDED 31 DECEMBER 2022
CONTENT
| Pages | |
|---|---|
| Trustees | 1 |
| Trustees Annual Report | 2-3 |
| Independent Examiner's Report | 4 |
| Statement of Receipts and Expenditure | 5 |
| Statement of Assets and Liabilities | 6 |
| Notes to the Accounts | 7-8 |
REDEEMED CHRISTIAN CHURCH OF GOD VICTORY CENTRE FOR ALL NATIONS
TRUSTEES
AS AT 31 DECEMBER 2022
Pastor Vera Icheke
Prince Olugbenga Kingsley Faborode
Mr Kehinde Igbekele
Mr Adeyemi Adedeji
Church Address
31 Mayne Avenue Luton Bedfordshire LU4 9LR
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REDEEMED CHRISTIAN CHURCH OF GOD
VICTORY CENTRE
TRUSTEES ANNUAL REPORT
The activities of the church, appointment of the trustees and its powers are defined by the trust deed and the church constitution. The main activity is to provide a place of worship for the members and people working and living around the church location.
The trustees are responsible for the administrative activities of the church, they meet at least twice a year to discuss financial reports and other issues pertaining to the smooth running of the church. Special meetings are called when there is need to discuss special issues that require urgent attention.
ACTIVITIES AND ACHIEVEMENTS
The church continued to enjoy the leashehold property at Phoenix House, making use of room facilities available; to its full capacity for its activities and also allowing other churches to make use of the facilities
Following on the termination of the church lease at Phoenix House, LU1 2NA, the church moved to a temporary place of worship at Chaul End Lane, Luton LU4 8EZ from 1st of March to 31 August 2021. The church now occupies 2 Gloucester Road, Luton LU1 3HZ with potential for renewal.
Apart from Sunday and mid-week service, the church also holds training, seminars and care service
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1 In line with the vision of the church, the church continues to provide financial support to sister parishes within the family of Redeemed Christian Church of God who are need Members are provided with Interest free loan within the church's limited resources
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2 In the area of training, the church continued to provide funding for conferences and seminars for members in the area of biblical teaching, administration and regulatory compliance.
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3 The church has started monthly programme theme "Feed the community" where the church distributes food to less privileged families within and outside the church and Christmas gifts to all church members and the community. Essential materials and financial support were provided for homeless in the community. Various sporting events and community outreach activities took place during the year which culminated in attending national sports programmes organised by Redeemed Christian Church of God (UK) and worlwide.
Future Projects
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The following projects are being considered for execution in the near future
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Child day care centre
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New Parishes at various locations within Bedfordshire and United Kingdom as a whole
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Resource training centre
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TRUSTEES ANNUAL REPORT CONTINUES
Statement of Trustees' responsibilities
The Trustees are responsible for the preparation of the financial statements for the church, giving accurate report of its financial activities. In preparing the financial statements, the trustees are to ensure the following:
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Proper accounting records were maintained during the year which discloses reasonable and accurate financial position of the church
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Suitable accounting policies were applied consistently.
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Judgements and estimates applied are reasonable and prudent in the preparation of the account
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The fianncial activities of the church were carried out smoothly without irregularities that may hinder its activities.
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The trustees hereby declared that they have carried out their responsibilities effectively in accordance with the requirement of the church constitution and the trust deed.
Signed on behalf of the trustees
Adedeji A
Adeyemi Adedeji Chairman
Date: 31.10.2023
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REDEEMED CHRISTIAN CHURCH OF GOD
VICTORY CENTRE FOR ALL NATIONS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD VICTORY CENTRE FOR ALL NATIONS
The trustees are responsible for the preparation of the financial statement and for being satisfied with the information presented in the accounts The charity's trustees consider that an audit is not require under section 144 (2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to examine the accounts together with information and explanations made available to me under section 145 of Charities Act 2011 In accordance with the charities act. I have reviewed the accounting records kept by the church and have had access to all information and received all necessary explanations from the trustees in carrying out the examination.
To the best of my judgement as an independent examiner, no matter has come to my attention during the examination to give cause for concern that proper books of accounts were not kept, or accounting requirements were not complied with in the preparation of the accounts.
…………………………………..
M.Merali (FCCA) 31 October 2023
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REDEEMED CHRISTIAN CHURCH OF GOD VICTORY CENTRE FOR ALL NATIONS RECEIPTS AND PAYMENT ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
| Notes Receipts (1) Offerings Tithe Thanksgiving Building Fund Bereavement Total Receipts Payments Rent and Rates RCCG Central Office Contribution Health and Safety Vehicle expenses Honorarium Outreach Administration cost Hospitality Insurance Training Utility Welfare Telephone Bank Charges Professional Fees Repairs and Maintenance Ministry - Support for other church Total Payments Net Receipts/(Payments) |
2022 £ Unrestricted Funds 24,748 30,384 3,831 - 13,833 72,797 22,149 3,200 - 691 - 750 - - 941 - 4,020 12,026 468 49 25,910 - - 70,203 2,594 |
2022 £ Restricted Funds - - - 7,852 - 7,852 7,852 - - - - - - - - - - - - - - - - 7,852 0 |
2022 £ Total Funds 24,748 30,384 3,831 7,852 13,833 80,648 30,000 3,200 - 691 - 750 - - 941 - 4,020 - 468 49 25,910 - - 78,054 2,594 |
2021 £ Total Funds 20,616 19,691 3,739 7,099 - |
|---|---|---|---|---|
| 51,144 | ||||
| 21,600 2,400 - 142 200 - - 689 1,053 - 3,822 - 231 - 22,700 - - |
||||
| 53,336 | ||||
| (2,193) |
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REDEEMED CHRISTIAN CHURCH OF GOD
VICTORY CENTRE FOR ALL NATIONS
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 DECEMBER 2022
| Notes Fund's Excess receipts over (payment) for the year General fund brought forward Funds carried forward Represented by the following assets Church Bus (2) Bank Account and Cash (3) Prepayments (4) Debtors (5) Creditor (6) |
2022 Unrestricted £ - - - - - - - - - |
2022 Restricted £ - - - - - - - - - |
2022 Total £ 2,594 5,609 8,203 1 4,182 2,500 1,800 (280) 8,203 |
2021 Total £ (2,193) 7,801 |
|---|---|---|---|---|
| 5,609 | ||||
| 1 4,088 - - (280) |
||||
| 5,609 |
31/10/2023
The accounts was approved by Church Trustees on ______ and signed on their behalf by
ADEDEJI A
……………………………………………. Adeyemi Adedeji Chairman
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REDEEMED CHRISTIAN CHURCH OF GOD
VICTORY CENTRE FOR ALL NATIONS
NOTES TO THE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting Policies
1. Basis of Accounting
The accounts have been prepared under the historical cost convention
(b) Income
Receipts represent collections at Sundays and midweek worship service and to meet adhoc expenses as required
(c) Donation in Kind
The Trustees are not aware of any material donations in kind having been received during the year and which should be reflected in these accounts
(2) Church Bus
The church purchased a minibus in 2011 for transporting church members to church programmes, now fully depreciated. The bus is still in full use
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REDEEMED CHRISTIAN CHURCH OF GOD
VICTORY CENTRE FOR ALL NATIONS
YEAR ENDED 31 DECEMBER 2022
| NOTES CONTINUE: (3) Bank and Cash Bank Current Account (4) Rent Paid in Advance (Prepayment) Rent paid in advance (5) Debtors Rent Deposit (6) Creditors Amount owed to Women Fellowship Loan from Members |
2022 2021 £ £ 4,182 4,088 4,182 4,088 2,500 - 1,800 1,800 280 280 - - |
|---|---|
| 280 280 |
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