THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS HOUSE Charity REG.No:1133141 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 MOSES-BOLE&CO CERTIFIED PROFESSIONAL ACCOUNTANTS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS Unit 4L. Leroy House Business Centre 436 Essex Road Islington London N1 3QP Tel: 020 7923 4660 Tel: 075 8407 5572
THE REDEEMED CHRISTIAN CHURCH OF GOD- RCCG WINNERS HOUSE CONTENT Trustees and Advlwrs Ttse$. Report 24 Indoppndent Examrner s R¢wt to the Trusteès Stat•mgnt of Flnanclal Athitlos Balancè sh••t Notes fomiing part of th• Flnanclal Statgm¢nt 7-18
THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS HOUSE LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A.Adeboye Trustees= Pastor Philip Bamgbose Pastor Dele Bakare Pastor T. Adesina Registered Office: Unit 4 Sherwood Court Thurston Road Lewisham London SE13 7SD Minister In Charge: Pastor Oladipo Eniola Charity No 1133141 Bankers Barclays Bank Lewsham High Street Lewsham London Accountants OSES-BOLE&CO Professlonal Accountants l Tax Advi8er and Business Charterod Management Consuftants 39 Saints Brelades Court Balmes Road LONDON N15TW
RCCG Winners House Trustees Report YEAR 2022: The Trustees have pleasure in submitting their report and accounts for the year ended 31 December 2022. The financial statements have been prepared in accordan with the accounting policies set out on pages 7 to 18 and Comp with the statement of Recommended Practi (FRS 102), AND THE Charity Act 2011 applicable laws. OBJECTIVE AND ACTIVITIES: The purpose of the Charity: The Principal objective of the charity is advancement of the Christian faith in the UK and abroad through evangelism and Praye in accordance wrth the teachings of the Holy Bible. The Charity is committed in caring and loving people who are in need or in hardship condition such as the sick. old people and disables. It is also devoted to the promotion of other charitable purposes beneficial to the community. Main Activities: We thank almighty God for enable the church to return to physical mode of worship on Sunday. 21st of November 2021. Since then the church has been Meeting together physically every Sunday for church services throughout year 2022 till date. Also, we have started Holy cornmunion service and prayer meetings physically in October 2022 at every third Friday of the month till date. RCCG Winners house charity still continue running other church programmes such as (Bible studies every Wednesday evening and vigil services every last Friday of the month. Hymns night on last Wednesday whenever there is five Wednesday in a month and Praise night on fourth Friday whenever there is five Fridays in a rnonth virtually through on- line zoorn service. However. the charity still provides services such as: counselling for Married couple and individua] that needs help in their challenges. The church also provides teaching materials for the new converts or believers, Workers in training and Sunday schools every Sunday morning. There is also house fellowship teaching rnaterial for use for members wherever they meet together in their various boroughs that they may learn more of God's word and pray together.
We were also blessed with the workers Conference organised through our Province and regional Sunday schools conference. These two programmes actually has encouraged us to continue to have faith in God. The charity WayS celebrate Motherfs Day in March 2nd Fatherfs Day in June every year. Thank God we were able to meetphysically this time. These programmes has also continue to play a big role to encourage and increase the hope of members in focusing on ChrisL These programmes has been helping to strengthen marriages and individual faith in the church. We had a get together on Sunday the 18th of September 2022 at Falconwood where we worship, to celebrate HRM the Queen burial ceremony that took place on Monday, 19 September 2022. We gave out to everyone who came a 'BOOK' about HRM the Queen's life. As usual, the charity organised 21 days Prayer and fasting to prepare us ahead of the newyear 2023. Achievements & Perforniances: The church attendance was really enCourang at the start of the year with a high Hope of beginning a new year. However. around Middle of the year, there was changes in the economy of the nation, interest rates started increasing and this have effert on church attendance, because of this many people started working on Sundays when they are to be in service. God has also added some people to the church, so therefore a new responsibility has been given to some of our workers to help the Pastor improve the spiritual growth of the church. However, God has been gracious to the church through generous donations of members and some none members that still hold on to their faith.The charity has also continued to increase her pastoral care for all members and their families to meet their ernotional needs through ViSLtation and counselling. The charity has a committed project called LOVE OUTREACH, program. The church feeds up to 50 people every second SATURDAY ofthe month. Also, the charity has been supporting other charities like Compassion by constant donations every month. Some members in the church are also supporting Compassion Charity. Also. RCCG, Winners house Church has been participating in a program called ('LOVES CHRISTMASJ with other churches in UK It was a special program created to feed one million people, to relief people from
lack and povety during Christmas periods. We also do the same during Easter period. Finally, we still have our Sunday church service at Falconwood but still praying and believing God, that He will provide our own church building for us. Review of Financial Position The net incoming for the year amounted to £14,643.24 (year 2021 was £30,571). All these have been unrestncted reserve and no fund is allotted to restricted projects. Principal Funding: The charity has been mainty funded through voluntary tithes and offerings by church members and through Gift Aid Scheme. Risk Policy The Trustees have assessed the main risks to which the Charity is exposed, predominantly those relating to financial operations and are satisfied with the risk management systems in place to mitigate any risk exposure. STRUCTURE, GOVERNANCE & MANAGEMENT The Charty objectives, principal activities and organisation are constituted under a Trust Deed 19° July 2009. The Charity's name is registered as 'The Redeemed Christian Church of God- Winners House. (RCCG Winners House) with a registration number of 1133141 on the central register of the Charity Commission of England and Wales Method of Appointment or election or Election of Trustees: The management of the charity is the responsibility of the TrUStS who are elected and co-opted under the terms of the Trust Deed. Organlsational Structure and Decision Making: The church is organised so that the trustees meet regularly to manage its affairs. There is a full time Minister and Volunteers who manage the day today administration of the church. Related party Relationships: RCCG - Winners House is a member of Redeemed Christian Church of God (RCCG) which has Parishes all over the world. The relationship is governed by an Agreement for common purposes befvrfeen the Parishes and RCCG.
REFERENCE AND ADMINISTRATIVE DETAILS The Charity's registered office or address of the principal office is 2 Trona Court, Sittingboume, ME 5LD. Due to building challenges, we have new place of worship address called Harris Academy, Falconwood, The Green. Welling. DA16 2PE The following are the names of all the people who acted as Charty's Trustees in the reFM)rting period to the date the report was approved.. Pastor Oladele Bakare Pastor Philip Bamgbose Pastor Theophilus Adesina Signed..................... Name........14thFI5 ..A*.lYI ...glrt
MOSES-BOLE & CO idIgemen[ Consuirants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF Go[wINNERs HOUSE I report on the accounts of the chartty for the year ended 31 December 2022, which are set out below and note5 to the financial statements on pages 7 to 18. Respective responsibilities of Trustees and Examiners As the Charity's Trustee5, you are responsible for the preparation of the accounts; you consider that an audit is not required for this year (under settion 144121 of the Charity Act 2011{the 2011 act) and that an independent examination is needed. It is my responsibility to Examine the account lundef section 145 of the Act); follow the procedures laid down in the General Direttions given bythe Charity,- Commission (under section 145{51 (b) ofthe 2011 Act and State whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the Trustees concerning any such rnatters. The procedures undertaken do not provide all the evidence thatwould be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair vie. and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connection with the examination, no matter has come to my attention:_ l) Which give me reasonable cause to believe that In any material respect the requirements To keep accounting records in accordance with settion 130 of the 2011 Att,. To prepare accounts which accord with the accounting records and to complywith the accounting requirements ofthe 2011 Act have not been met or 21 To which, in my opinion, attention should be drawn in o understanding of the accounts to be reached der to enable a proper Moses O E Igunnubole, BA (HONSJ FAI4 FCP4 FFA CPF4 FIPA. FTA FIC... MOSES-BOLE&CO Chartered Certified ForensicAccountonts Certified ProftssionolAccountonts/ToxAdvisers And Busine55 Chortered Mon(Jgement Consuftants DA TE.. j 023 T¥ -A410'. 2077(. 2525 Ewwl m05esbDle:aol- Fax 44 IC.. 2y 7354203> 14b Lercr?'Hw:: Busine55 Centre.b'git YJh95e5DIprn 436tsF SEA Bo?c Isii*-ton.Lortdcn
THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-WINNERS HOUSE STATEMENT OF FINANCIAL ACTivrnES FOR THE YEIR ENOED 31ST DECEM8ER 2022 FuFKts Funds l#Gome and end4)wrnent8 frum: Don8tsom aThJ leb7rJes Y•tl t49.353.$2 149353.52 149.353.5? 149.353.S2 115.2 114902 Expendlthr• offt: DirertC45St Support C05t GoverrHnc ¢c6t T4)tal T2.¥25 71925.01 59,36527 2.420.fY) 134.71028 fl.477 1420.fy) Net gainglb¥5esl on InNe6trn Nei InGornellexpendityx81 Extraordirbaryitoms Tr8n$fer5 fund$ other r•etynls•d 1461324 1464124 OlThergansllb&£e81 1464324 1464324 30,5TI Tal fvnds bwhl ftwd 447.74a.47 447.748.47 417.17T Total funtts &ryrrfod fr*rward 461391.7t 461391.71 447.748
THE REDEEMED CHRISTIAN CHURCH OF G0D[RCCG]-NNERs HOUSE BALANCE SHEET AS AT 31ST DECEMBER 2022 R&stricted Notss Unreskncted income Funds Funds Total Last Year Totsl Funds FSxed assets Tangibl8 assets Totsl fixed assets 5.382.86 5.382 86 5,382.86 5,382.86 5.988 5,988 Current assets Debtors Cash at bank and in hand Total current assets 10.tw.00 449.428.85 11 10,000.00 449,428.85 459.428.85 444,201 444,201 Creditors.. arrI0rts f811ing due within on8 year 2,420.Crt) 2,420.00 Nel current assetsl1lbll1besI 457.008.85 457.INJ8.85 441.781 Total assets less olffent liaknliti8s 462.391.71 462.391.71 447.748 CTedilors.' amounts falling due after e ygar Provisions for li8bililie8 Total assets or liabilibes Funds of the Charity Unrestricted fur Total funds 462.391.71 462,391.71 447,748 462.391.71 462,391.71 462,391.71 462,391.71 447,748 447,748 Signeil by ce or tsvo l stees on behaifof all the tnjsteos.. Signature.. Print Name: Dale of approval.. C>S-
THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-WINNERS HOUSE NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Noto 1 Basls of preparatlon 1.1 Basls of aceountlng These aCunts have been prepared uThJer the historical cttst eAJnvent¥Jn wth itenB recognised al cost or tranStIOn value unless olhenvi5e stated in the r81evant notelsl to these ac(x>Jnts. The a¢counts have been prepared in aCrdan with the Financial R8kx>rtin9 stalar{s applicable in thg United lfjngdom ReputrAic of Inland (FRS1021 Issued on 16 Juty 2074 and wrth the Charitie8 Acts 2017 and the Chanty nStItuteS a public benefit as defin8d by FRS 102 12 Golng eonc•m Considering the levelof steadlovel of Increase in incomlng rnsources oAthe Chaiity and stead number of members, the a¢¢ounting preparedbased on goln9 concern. 1.3 Change of accounting pollcy The accounts present a true and fair view and the account1 poliiies ath)pted are tw cRJYined in th& note with no change in Wicy 1.4 Chang•s lo accountlng •stirnatos No changes to accounting eStiteS ha 0¢[1j in reptybng period {3.46 FRS 102 SORPI. IAaterlal prlor y•ar •mKs No Materi prior year error have been identifi&J in the rwrling w(3.47 FRS 102 SORPI.
THE REDEEMED CHRISTIAN CH OTES TO THE ACCOUNTS RCH OF GOD-NNER CONTINUED FOR THE YEAR ENDED 31ST DECE BER 20 Not• 2 HOUSE Please complete this te when first rwbng under FRS211f2. Sth &5 of FRS102. requires 3 conciliations to be presentgJ, if all are app1k¥b. 2.1 RECONCILIATION wrrm PREVIOUS GENERALLY ACCEPTED ACCOUIrnNG PRACTICE Thèr8 is no change in aco)unling policy in thi5 Kx1 2.2 INCOME This st8nrJard list of accounting poliryes has been awied by the chanty 8XCePt for those ticked No or "Nla". Where a derent or altInal policy has been adopted Ihen thk% is delailed in the bek)w. R•cogThlllon of incom These are Inclvded in tre Statemgnt of FinaThial AC11eS ISOFAI ¥ttn.' . th6 charity ¢0M&S enbued to the resLxJrces", ' it is more likely than not that the tntstees %trill rBceNe the res. arhy . the monètary value can measured sufficent relvabilty. Offsettlng There is no legacy receNed during Ihfjs period. Grants and donatlons Grants and donations 8re onty induded in th8 SOFA th) Ihe general Ilme niOn criteria are met15.10 to 5.12 FRS 102 SORPI. In the case of performanc r81ated grants. incotne must onty t renI1 to the extent that the ¢harity has provided the sp8cified goots or seM(w as enbUom8nt tr ths grdnt only ocLJJrs when the performancè related conditions ar8 met {5.16 FRS Ttr2 SORPI. Ltyacl•s There is no legacy reeèived during Ihis pericKI. Governm•nt grants No oovemment aranl was re1 durin9 Ihi$ period. Tax reclalms on dottatknn• and gifts Gift r8ceJvable is included in income when there is 8 valid dedatab.on from th8 dorK)r. Any Gift Aid amount recovered on a donats.on considered to part of that gfft and is treated as an ada"0n to the same fund as the inthl donali¢M un18ss thè don or the terms ofthe appeal have specified otherwise. Contractual Incom$ and perfonnance related 9r•nt8 This Is not applicable Donated goods There 1$ no donated g¢x¥J.
Donat•d S•¢• and laclHtI•¥ Donat8d services aThl facilibes are tndudgd in Ihe SOFA hthen ffjceived at the valLre of the 9rft to th8 carity promded the value of Ihe gift can reliabty. Dor7at6d sèrvi¢es and faeilitses that are 0)nsum imrnediatèly arè reeognised as ints)m8 wlh an equivalent anrrt rEcogntsed as an ejpensé underthe appropriate heading in the SOF Support ¢osts The chanty has Inc#JrrwJ ewenditikn on SUPFhJrt LXJst& Provl8lons for Ilabllltl•¥ A liability is m&asur8d on terx)9nibon at rts h15t01 Ix6t an¢J then subsEqu8ftty measured at the bost gstimat8 of Iha amryjnt rEquired to Sgtue th& oblHJiot7 at the r8tMXbng dats 2.3 ASSETS Tangibl• fixed assets for use by charlty Thesg are trapitalised if they can be used for rn0 than ygar. and cost at teast Th8y are valued at cost. The depreciation rates and methods used ar& digknJ in nots 14. Intan9lblo fixed assets Th8 charity has intangible ffued assets. that is, rItary assets Ihat do not have physical substance but a idents"fiable an¢J ère controll&J bylhe charity through olstoty orlegal nghts. arnortisation ratès and molhiwjs used arg disdctsj in te 15 They are valued at CY)St. Debtors Debtor5 lincludiro trade d8btcYs antj &)ans r8cewat4el are measured on inilial renon at setNement amount 8ft8r any trad6 discxjunts or anvwnt 8¢fvane8d by thg ch8rity. Subseou8nUy. they 8re measLtred 8t the cash or ollr c4)nsideration eypected to b& reLEi¥ed. Current ass•t Inv•stmgnts The charity has has investments It hokls tr res3 or pending thgir sal8 and cash aThJ cash 8quivalents with a maturity dète1è8s than oRe y8ar. These incJud& (xsh on deFM)Stl and (%sh equivalents with a rnatunty (Jate of less than one ygar hefvj for inVesent rdth8r th8n to mset short lerrn Gash commitrnents as they fall due. Th6y are valuad at fair value except vknere they qualify as ba finan0 instruments.
THE REDEEAIED CHRISTIAN CHURCH OF GWINNERs HOUSE NOTES TO ThE ACCOUNTS CONTINUED Not• 3 FIJR THE YEAR ENDED 31ST DECEIIBER 2022 Pwlor Dottatlons and legac. Oonalions arKJ grfts GIftd Thanksgir Buildltyj Total Funds Fund5 Funds 107,221.93 26.048.87 7,399. 14 6&3.72 149,353.52 107,221.93 26.048.87 1.399.(h) 14.883.72 149,353.52 107.729 71f f15.902 TOTAL INCOME 149J53.52 1435152 115,902 10
THE REDEEMEO CMRISnAN CHURCH OF GOD-WINNERS HOLfsE NOTES TO THÈ ACCOUNTS CONTINUED FOR fHE YEAR ENDED 31ST DECEMBER 2022 Lknr•¥trf¢t•d Into End¥M•1 Fun Fund Ftsn Prfor Fvndts Fwnd¥ Wortd MWL 22,71134 1.704.00 4,OJl95 21.01914 22,712.34 1.704.fy) 4,(W. 21.9¢ w14[0 18,1 3.883 61CDWT4ws ev9M 3.900 4.034. 2.&) 4,034. 764.63 3.618.74 462 7.432.32 72 9251 3,81&74 4S2.50 7,432.32 PAYE& NIC & Pom aUPPORf¢ooT Gins, DoNDr & WpiE81J Pnnhw, PoJi8Dtsand Tpth& I{w8gILlc8rfj Trsvd EwnBes Comwarcosv rr Bank Char9¢5 Y.OS4 6.465 7 1.481.YJ 5.485.17 1.461.22 681 2.356. 2.3¥.DD .77 306.77 1.425.37 2.65385 7$,&.60 2T 4r rUrth R8nl 1.425ts7 Gli Ctyt R•. kiar Vphth EAPWfq 11CW.&) 2,&5.38 18.&5 79 2.712.S6 16,86&79 11.481 774 77 59,J6&27 TOTAL EXPENoftURE 132,240.28 181280.2B
THE REDEEMED CHRISTIAN CHURCH OF GODJIIINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Note 5 FOR THE YEAR ENDED 31ST DECEMBER 2022 Dotalls of certaln Jtems Of expenrfiknre 5.1 Fees forexaNHTratsn oflhe aLuMJnts P18aso provide detai15 of th8 amount lorty 4tLrtoryextel suulwry ofaccthJnLs and other 5eMces provhY&y by yourindependent eIner. W nothir@ was Pwd pjease entw , in th8 apprcyriate box(8$1. GOVERNANCE COST Thls Y•ar Last Y•ar Ind8pendentexamYrfs fees L6gal Fess Assurance seNKes otherlh8n aLhlrttyIndele}*lats 510. 510.00 Tax edvisoryfe$5 Otherfees (for oX8mpl8.' finarK>al thce. (YY. afxxwrntsncys¥5 paid to the independent examifter 1.910.00 1.910.00 2A20.QO 2,420.00 1Z
THE REDEEMED CHRISTIAN CHURCH OF GOD-MNNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Note 6 Paid employees Please complete this note rf the charity has anY)p10. 6.1 Staff Costs FOR THE YEAR ENDED 31ST DECEMBER 2022 This Year Last Year Salaries and wages Social s8wThty costs Pension costs (défin other employee ben8fits Total Staff c¢)sts 21.019.54 20.935 21,019.$4 20.935 Please provide detai15 of expenditure on staff wixkiry for the tharity whose ctra(S are wrth and are paKI by a ral paty Please give delails of the numb8T of ernplts whose total emF4w nafftS {exduding ernOYer psK)n c08ts) feu wrthin each band of£l0,000 from £60,000 pwards. If there are no such transactions. please enlgr'true. in the L¥)x providwj. No employees receNed employE8 beneffts (eX¢1j err0 pension cthl for the reporting period of more than £60.C4JO Band £60,000 to £69.999 £70,000 to £79,999 £BO,000 to £89,999 £90,000 to £99.999 £Ioo,I)00 to Number of •mployees Pleas6 provide the total amount paid tr) key management Pers(n lindudes InEbeS and s8nior management) for their servi1 to thB cknanty 6.2 Av8rag• head count in the #r This Year Number Last Year Numb8r The parts of the d)arity in lch the ernttyees w Fundraising Charitable Acb'vth"es Governance Other TOTAL 13
THE REDEEMED CHRISTIAN CHURCH OF GoD-NNERs HOUSE NOTES TO THE ACCOUNTS CONTINUED Note 7 FOR THE YEAR ENDED 31ST DECEMBER 2022 Tanglble flxed assets Freehold land & buildSn9S machingry Fixturns. Comwrt•r & motor fittings & hicl•s equipment Total At the 1nrr) of the year Additions 4.5fX).00 42.981.36 47,481.36 2.059.12 2,059.12 Rev8lualions Disposals Transfers- (Add or Deduct) At end of the year 4,500.00 45.040.48 7.2 Depreelatlon and Impaimients Basis Freehold Propety Motor Vehicje Fixtures & Fittings Church Equipment Computer Equipment 49,540.48 25% Reducing Balan 25% Reduang Balanco 25% R&wng Balance 20% Reducing BaLance Rale At beginning of the yèar DiSpoSS Depreciation Impairment Transfers. (Add Deduct) At ènd of the year 4.173.71 37.320.( 41.493.77 2.663.85 2.663.85 4.173.71 39.983.91 44.157.62 7.3 N•t book value Net tMx>k value al the beginniro ofthe Yr. Net book value at thg end of year 7A Impairnient Please provide a description of the everrts and ¢rrrXrmSlan that led to the reC0Jntln or reversal of an impaimierrt loss. 326.29 326.29 5,66130 5.056.57 5,987.59 5,382.86 7.5 Revaluatlon An accounting policy of revaluation is rt adopted dunr*J this accwnting peric.. the 8ffecllve dale ol the revaluati = NIA narne of independent valuer. rfappli(zblo= WA the math¢Jds applied and signffKant assumpbons= NIA the carrying amount that have been rwised had the assets twi carried under the cost mcKlel. 14
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Note 8 FOR THE YEAR ENDED 31ST DECEMBER 2022 Oabtors and prepayments Please complete this note if the charfty has any debtors or prepayments. 8.1 Analysls of debtors Thls Year rrado debtors Prèpayments and a¢¢rued ino)mo Other dabtors Total Last Year 10,000.00 10,000.00 Please Complete 8.2 where a material debtor is recoverable more than a year after thè raporting dste. 8.2 Analysis of debtors re¢overabl& in more than 1 r (included in debtors above} Thls Year Trade debtors Prepayments and accrued income Other debtOTS Total Last Y•ar 10,000.00 10,000.OQ 15
THE REDEEMED CHRISTIAN CHURCH OF GoD-NNERs HOUSE NOTES TO THE ACCOUNTS CONTINUED Moto 9 FOR THE YEAR ENDED 31ST DECEMBER 2022 Creditorn and accruals Ploa88 ¢omplÈte thls rrtjle Ifth8 clty h&5 or8¢X% 9.1 An4tysi8 of creditor8 ATThJunts fdlfng due Prkn Jtar ihty) ore SEaT Amcthts falling L*Je after more than on8 year A¢cwas deferred irKon Total 2,420.00 0.00 16
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 10 Provlslon$ for IlalJllltl•s and cl¥arge$ Please cornr1e Ihis not8 if you tsve iTrrJuded in Larityexpen¢SbJre any pmwg¢n8. A provision is rnade wh8n the chartty ha5 a li9lityutsln tirj 0rarnnL 10.1 Pkas• Wo¥e. . a briefdesrFiptN)n ofanyobligab8 the balarTh thè amount and timing of resulting paY[r' . an Indlc8tlon ofthe certaIntieS aJf Jhe grIn 0ftyx - an indicalK)n ofthe urKtsrfvas aLYMJt trarrJnI(¥ llmirKJ ofthw ttl.. aThJ . the amountof any expected rBimbur58m8nL ststin9 IhÈ am(KJnt of arryasset th has been 10.2 Movemonts in recogn18ed YO510$ and fvnding commltrn¢nt during tho pBrlod Thls Y Last Year Balance atth$ stsrtofthe rerA)rUr¥ Amounts aoklfyl in current peri¢xl AFnounts ¢harged against the prom th8 oJrrentparic¥J Unuwj amounts rwersed duriTh) the Balan atthe end of the ¢8rA)rbrKJ pj 10.3 Foranylun(Jing wrrunitmentthat is J)t WLWJ a8 a frdtiiltycf kY0viOn. prowde d9taLg of cornmitmenl Ihe Dme frame i)f Ihat fY)mrntrtw(8ny Perf0m1atWj 0)nOn5 aThJ detsils of h(sw tt)e comrnitmenl will lUnded I (x)ntractsfor(aprfaJ syratety id8ntifi8dl. 70.4 Wherè unrts5trfct fvnds have b08n I1na to a furKJ L¥YTThiknwL p188se Ihe natsj of any amounts designated lh8 likety"nwry clllwteypwxlittrr&. THE ABOVE NOTES 10.1 TO 1Q4 ARE NOT APPUCABLE 17
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Note 11 FOR THE YEAR ENDED 31ST DECEMBER 2022 Cash at bank in hand This Year Last Year Building Fund Account Main Current ACUnt Total 227.382.65 449,428.85 205,963 238,237 444,201 18