REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] VICTORY CENTRE Charity REG.No:1140310 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020 MOSES-BOLE&CO CERTIFIED PROFESSIONAL ACCOUNTANTSI TAX ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS Unlt 4L, Leroy House Business Centre 436 Essox Road 1811ngton London N13QP Tel: 0207 812 9333 Fax.. 0207 812 9444
THE REDEEMED CHRISTIAN CHURCH OF GOD [RCCG] VICTORY CENTRE CONTENT Pa Trustees and Advisers Trustees. Report 24 Independent Examlner"s Report to the Tntee$ 44 Statement of Flnanclal Actlvltles Balanco sheet Notes fonnlng part of th• Flnanclal Ststsmont 7t021
REDEEMED CHRISTIAN CHURCH OF GOD- RCCG] VICTORY CENTRE LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A. ADEBOYE Trustees: Mr Tony Gunn Mr Emmanuel Ehlbatlomhan Ms Winnle Magambo4asana Mr Shola Akinrolabu Registered Office 238 Bukwell Meadow WITNEY OXFORDSHIRE OX28 5JJ Minist8r In Charge: Pastor Emmanuel Oyedoh Charity No 1140310 Bankers Barclays Bank Witney 30 Market Square Witney OX28 6BJ Accountants MOSES-BOLE&CO Unit 4L Leroy House Business Centre 436 Essex Road London N13QP
TRUSTEES YEAR END REPORT 2020 REDEEMED CHRISTIAN CHURCH OF GOD- VICTORY CENTRE PARISH OXFORD Victory Centre, Oxford, is a famity church and orEn to all members of the mrnunty. Misslon Statement The Mission of Victory Centre. Oxford, is to reach out to the Communty to Share and demonstrate God's love for all humanity. Charlty Status Victory Centre, Oxford is a charity organisation constttuted under a Trust Deed dated 14. D8mber 2006 Charity number. 1140310 and is on the central register of the Charity Commission of England and Wales. Objecllve The principal objective of this Charrty 1$ to advance the Christian faith worldwide and to rea¢h out to the poor and needy. Acllvitios over the year 2020 The year 2020 was like no other in the Church's history yth the emergence of a global pandemic. It was a Challenging time for most people, including parishioners, yel the Charity found new innovative ways of discharging rts objectives. services and hosting events. Through its teams of volunteers, the Charrty organised activrties, events. and meetings to promot8 its objectives. Weekly activrties were conducted virtually using tool8 like Zoom meeting8 due to the national lockdown. The Charity organised additional worship activities to engage its members and to keep hope alive through the lockdown. Weekly Sunday Moming worship has been trekl throughout the year. The Church membership, on average, has been between lo150 members with a hrgh perntage of youth and children. Weekly Sunday Children's Church has been held throughout the year in the evenings, with growing numbers of children attending. Weekly midweek bible study and prayer meetings have b8en held throughout the year, with an average attendance of 25 peopl8. Other annual activities such as the men and ladies, treat were also held successfully, albert virtually. The Chanty set up a food bank during the initial UK national lockdown to reach out to those in need within its localty. The Charity was able to reach out and support lo¢al people that required the service. The Chanly reached out to its kx4nshioners, who needed financial help. induding monthly stipend and rent payment on special occasions. The Charity reached OLrt to the Community Emergency Foodbank (CEF) and, following an initial donation of food items. continues to support the Oxford Food Bank Charity bi-monthly. The Charity donated Blankets to the homeless as part of the Christmas gift box inrtiative to the communty. Other OutaCh activities in the communty included.. Pastoral outreach to the sick in hosthi Pastoral outreach to those in need wtthin the church communty Pastoral outreach to married couples
Th Chaity toniirtues Mt¥hYtwaysèffvtr•l¥rtsrrtabl1 •ctivststhAI fflfft r••d501 r th tht COWThJAiry. ¥tw4iespru4hl a Politeth tel&eVs G0MoThE• ¢wsèe lh Chwty TM Truth•Smw W th fv POW v4J IP• LMd•f•Np SINK¢w• of th• Chwth swryr•mrn•s ¢*$ Mihtstry & WorthlpTt• sp¢tthfy T••m Te4m Teachtrs T•arn Charl Tru•tfjM.' Tony Gu
MOSES-BOLE & CO artragement Consuants INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD- vicfoRY CENTRE I report on the accounts ofthe charity fortheyearended 31 December2020. which are set out below and notes to the financial statements on pages 7 to 21 Respectlve responsibilities of Trustees and Examlners As the Charity's Trustees. you are responsible for the preparation of the accounts; you consider that an audlt is not required for thls year (under settion 144{2} of the Charity Act 2011lthe 2011 act) and that an independent examination is needed. It is my responsibility to Examlne the account (under settion 145 of the Act),. follow the procedures lald down in the General Directions glven by the Charity; Commission (under sertion 145ISI Ib} of the 2011 Act and State whether partlcular matters have come to my attention. Basls of Independent Examlnerfs report My examination was carried out in accordance with the 8eneral direttions 8iven by the Charity Commisslon. An examination Include5 review of the accounting record5 kept by the Charity and a comparison of the accounts presented with those records. It also includes consideratlon of any unusual items or dlsclosures in the accounts. and seekln8 explanations from you as the Trustees concernln8 any such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt and consequently no oplnlon is 8iven as to whether the accounts present a "true and falr vleW' and the report Is limlted to those matters set out in the statement below. Independent Examlnerfs Statement5 In connection with the examination, no matter has come to my attention:. 11 Which 8ive me reasonable cause to believe that in any material respect the requirements To keep accounting records in accordance with settion 130 of the 2011 Act; To prepare accounts which accord with the accountin8 records and to comply with the accountin8 requirements of the 2011 Act have not been met or 21 To which, in my opinion. attention shoul understanding of the accounts to be reached rawn in order to enable a proper Moses O E Igunnubole. BA (HO MOSES-BOLE&CO CPF4 FIPA Ff4 FIC.. Chartered Certified ForensicAccountunts Certified ProfessionolAccountants/foxAdvise And 8usine55 Cht7rtered Management Consultonts DA TE.. .2021.•
REDEEMEO CHRISTIAN CHURCH OF G0DccG1.VfCTORYcEKrRE STATEMENT OF FINANCIAL ACTrimES FOR THE YEAR ENDED 31ST DECEMBER 2020 Restricted Nots Unrestrt incCe EndcAwnt Tclal FuFth Fund8 FU13 Prior Funds R•comm•nd•d Cat•gorI by *cllvlty Incomlng resourc Income and endOwnnts from: Donations and legacies Total R•¥our¢•• •xp•nd•d Exp•ndltur• oni Direct Cost Support Cost Governance Co81 e6,1%9 18 eé,c69.18 e6,C69.18 66.069.18 57.975 57,975 16,853 CO 32.364.92 2.240.00 16.853.00 32,364.92 2,240.00 17,464 37.976 2,240 T•tal 51457.92 61.457.92 Other gainslllossesl N•t mOV•nt In fund• 14,611.26 14611.28 R•oonclll•tlon •f fi•nd&" Total fund¥ brought forrd Total funds carrf•d foThvard 21.147.34 21.147.34 20,852 35,758.60 35.758.60 21,147
LAf•cE SIIEET AI AY JI*T LE¢WE112th Fwth Fw l1•J ly 33.2S7 LII 3,1•1.17 33 257 Ca 11 20,311 1.557.frfl 1.$57JO 4.510 ZO.4 X758t 21.147 F¥nd• •1 th• Clway 35.738
5.7 21.147 21,147 2111. (Z•U
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020 Not• l Bas1• ol pr•parntioD 1.1 B$ls ol aecouTrtlng The$e ac¢ounls 17ave been prepar under the historicai cost CAJnvention th items rwnised at c1 or transaction value unless otherwise slat&l in the rvant notelsl to these &counts. The accounts have teen prepared in accordance th8 Financial Reporting Standard applicable in the UK and Republic of Inland {FRS102) rssued on 16 Juty 2014 and with the Chantr"es Act 2011 and tho Charty con$lrtut8s a publi¢ benefft 8$ defid by FRS102. 1.2 Oolng cone•rn Consklerlng the ste•dlgv•l ollncomthg resourns andmwnbernhlp numberthe Charftyls a golng concern wlth no anyknown unIoreM clrcumstanc• 1.3 Ch•ng• Ol •ccountlng pollcy The accounts present a true and fair and the accwntiryd Wicie8 adopt•J are those outlined in the note with no changè in polKy 1.4 Chang•J to •cco4ntlng tIM•t• No changes lo aCcntIng e8ts.matu have ¢XCUfred in the reping per (3.46 FRS 102 SORP}. 1.6 Mat•rfl prl•r y•ar •rrorn No material prior year •rror have boen hjerrtified in the reIng pwA)d13.47 FRS 102 SORPI.
REDEEMED CHRISTIAN CHURCH OF GoDCcGj-v1cToRy CENTRE NOTES TO
THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST DECEMBER 2020
A¢countlng Wkl••
Nole 2
2.1 RECOMCILIATION WITh PREVIOUS GENERALLY ACCEPTED
AccouKfiNG PRACTICE
Ther• 13 no ch8rwe in aCcting w.cy in thiB Wk>J
2.2 INCOME
This standard list ofKcouth"ro pol188 t•en aKWi8d by th8 thanty except for thosa D'(1 No or
'Nla" Whgre 8 diffw•nl or addth.onal wliey has been adopba than thjs is detj in the box btrlow.
R•coynlllon Incom•
arè included in tha Statsrnent ol Finar¥)al A¢b'vrb88 ISOFAI ln.'
Ihe charity becomes antY to the r•souK8.
. (( is morn likoly than rK)t that th trusteos will re¢fve lh8 rty,. aThl
. the rn0ry value can with $ufkwt brfrty.
oit••ttlng
Tre hos ba no off9etUTrJ of 88sets and h"oth•5. ( arn1 eyporo88.
Gr•nl• nd donatlon•
Grants •nd donatyons are onfy it7¢1utyJ in SOFA w&hen th8 inc>no rncc•Jnition ar•
m•t15. 10 to 5 12 FRS 102 SORPI
In Ihe c8se ofperfonnance r•lat8d gr•nts, irwm rnt onty bo r¢wJn18•a to tl ext•nt that th•
charity ha8 FYovid8d the w8cifJ&J gwJ$ or •3 8$ to Iho grnnt onty th
rfom)anc r81gted eondthns are met15 16 FRS 102 SORPI.
L•gacl••
Thero 1$ no Lq8cy r•cived dudno ¢d.
Oov•rnm•nt grnnts
No grnMnt gMnt was thls pBrk
Incom• from Int•r••t• royaltlm and dMd•nds Not aptAicable durirvJ this wk)d. nthes and offeriffj receNed frorn the wnters arn in th8 nabxe ofa gfft rwJni¥ed as Donationg. and Legacies 8•ttl•m•nt Inwrart• clalm• Irfféur8n daims &r8 onty indutd in th8 SOFA tho gen8rn1 inc£¥n8 Io¢c¥nfb urteria are mèl {5.10 to 5.12 FR$ 102 SORP) 8rvJ ar& indthged as an tsm ofotsr in thè SOFA. InVtm•Th 9•lnB and This Incli9$ any reall8ed or unreald galns or k)5ses on thè 6th of inv88knnts any gain or 1088 rosultiffj from rev8luiThJ investments to mark•t Val atthè eTrJ oftha yoar. 2.3 EXPENDITURE AND LIABILITIES Ll•bOllty r•¢ognltlon Liabilit9 ar& recoJnis&¥ it i• mor• likdy than nottrt ttwr¥ is a knjal or construth obligatr.on ¢ornmitting the chanty lo pay out rosources and thtr wmnt of th& cknlty3ation fAn be mtras(rrnd VAih rgasonable c•rtainty. Support costs have been allocated beOn govern costs aTra thr suppcfft. Govomanc• Costs ¢ompriJe all cos¢8 invthing public acLxwnWility ol the thanty and ts ¢))mpJkqn regulabon and good praebce. Support co$ts inc4ud8 c•ntral fiJn¢tic¥w ¥nd ha twi all4j to Arv L¥tOgleS on a basis con¥istonl b%Yth th8 LBe of resourcu, •J 8lloca.ng pr¢pety ¢))sts by fv)or area8, or per ¢aprt8, 8taff ¢tsBts by th& lime nI and othar costs by Ilir Grant• wlth p•rf•)nnan¢• eondltl•)n• Th8 Charity Is not awar(lirvJ grant to any orgarri88tron Orant• payabl• wItht p•rtomwK• ndItIOnS Where there are no condition$ att8thing to IJ grant that enabfes the ¢Jonor charity to reall1cl Avoid the eommibnent, a liabilty for t full ftjnding oblvjalth Ml be recc#3nised R•dund•n¢y co•t The Chanty made no redundarw p8yThts durirvJ reporlfro Fth¢XI. No mat•ril it•m ol dof•rr•d in¢>Jrne h• b•8n IrKasJJ8d In Cr•dltor# Th8 charty hag c¥8ditors vknKh are mu1 at 5otUent lUnts less ony tr>do discnts Pr•vlslonB for Il•bllltl•s A Il&bility is measur1 on rec4)gndTon at ts historical aThJ Ihen mèasurnd at the best 68tr"m8te of the arnounl required to s8tt1& ts rt14ation at Wtin9 dat¢ Ba•le fl11 Instnmm The charity accounts lor basic finaRdal on initi.al rects)n as rer paragrnph 10.7 FRS 102 SORP. Subsequent nEasUrent 1$ a9 W P8ragr* 11.17 to 11.19, FRS 102 SORP.
2.4 ASSETS Tn9lbl• flx•d as8•ts for by ¢hrlty Th88e are caplSd ifthay (an te for rn0 than one Jw. aryj c4JSt at knt They a valued at ecèL The depra¢iats"on rates us•d are ddld in ncrte 14. Intnolbl• fix•d asMt• The charity ha5 Th) intsroible fixed assets, that is, fi0netsry assets that do not have thysitsl substance but ar& KIertfiab aThS are cc¥)trotW by charty thrwh al nglts. amortL88tyon ratss and mgth¢>Js used are di5cloJ in Th)te 15 Th&y we valued at cost H•rita90 • The charity has no hantage 0956ts, that is. nrTh)tsry assets histori¢, artsbc. $tific, t•chnological, gaophie8I or environm8ntsl qu81itss that are heJ aThJ maintained prinpallY for thglr ntnbubtsn to ked96 8nd cuthrn. Th8 (prèrython rates and nthc#ts Sj as t1isc4oJ in note 16 is not applicabl& dunrKJ this nlKI if availab Ihry ar• valwj at CJJSt InvMtm•nt• Fixed ass8t inwstrngnts In quow share8. trYed aTrJ $kni18r In are valued #t inrfially 81 cost an¢Y SubSuenty at tsir VA1 (their market value) at ts re1. The sarne troatment i8 applied lo unlis18d investments unltss fair nft0t b• rSUr1d in c48e it rnoasure¢Y at co$1 less irnpaimwnt. Investment$ h81d for or p8nding their cash and ch wthvafents 8 nwtunty dale ofjoss than 1 year aro treated as ent awl 1ntrn8nts D•btor• Debtots lindudlng trad• debtcffs lo•rk8 Tg(¥fvth} are rnwur8d on Intsl rwnitN)n At 8ettlem&nl amoitnt after Any trade d¢sc¥)unts or arnount adv8ncd by th• charity. Stsbwnty. they are maasured at the oroth8r ¢onsKknrabM 0xp to b• rec•j¥pd. ¢urr•nt *•••t Inv••tm•nt• The tharity has has Investrnents rt Mkls for r8saJ8 FeTrJirg $810 cash and cath equivalgnts with a rnaturity date thaft ong wr. Th8se indude cash on d8po$rt aThJ cash uivalents wrth a matunty data of less than year hekj for inv8strW purFQ868 rath8r than to moot short tefrn c8$h commthnts as Itw fall du8. Thoy are valued 4t f8lr wal exwt tsy qu81fy as LwklInal inSbur. POLICIES ADopfED ADDITIONAL TO OR DIFPQRtKr FROM YHOSE AOOV Thore is no 8ny other wIKies adcpted.
REDEEMED CHRISTIAN CHURCH OF GODIRCCGI-VICTORY CENTrE NOTES TO THE ACCOUNTS CONnNUED FOR THE YEAR ENDED 31ST DECEMBER 2020 Anatyl• Prlor Unr•strl¢t•d incom• Funds Fund8 Endo Fund8 Total Fund# Donatlons and l•ga¢l•&' Donations and gifts - Trthes and Offering Thanksgiving Building African Mission Funds Interest Income Funds 66.W.58 66,056.58 57.946 12.60 12.60 29 Tot1 66.069. 18 66,069.18 57,975 Oth•r Incom• TOTAL IMCOME 66,C69 18 68,C69.18 57.975 Oth•r Inforniatlon: All Incom• In th• prfor y•ar wa• unr••trl¢t•d. Th•r• wa• no any •ndowm•nt lund ¢onv•rt•d Into Incom• In th• r•portlTrg p•rlod. Includlng th• pA*v y•ar.th•r• v•ag no mat•rfal Incom• It•ffls wlthln th• abov• that r•qulr• dl•clo•ur• of Its natur• and anmbunt. 13
REDEEMED CHRLSTTAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS {CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2020 Note 4 Anatysls ¢)t •xpondltsrn Analys1• of •xp•ndMum Prlor Unr•¥trlci•d In¢om m•nt Funds Fund$ FundB Totsl Funds DIRECT COST Wortd Evar¢118M Mission Fesfjval of Life RCCG-Centi81 Otfice Trath and books for evwwelO8m Honourarium Welfare Seminarnl cent% & Retreats Sunday School Expense Ministry Advaneemenv Oulr¢ath Wo Pastors Salariés Minister Housing ACcnI3•t10n Fund$ 1.2. 150.CK) 1,2CKI. 1.2CX).CKJ iso.00 1,2CQ. 25.C(J 1.6CQ.LY) 1.848.lJ) 1,350.CQ 2,400 l(XJ 1,200 105 1,350 1,155 1,ei().tYJ 1.848 1.350.rJ) 155.00 8.910 115.00 16.853.1)0 155.00 8.910.Cx) 115.00 16,853.00 9thJ 8,719 135 17,464 SUPPORT COST Premi8es Co8tfft&nt Choir, Key board and Musl¢ Eyw)8es Subscriplion & Li¢ences Grfts & Oonalions Children and teenage depathierrt PAYE & NI Repairs 8nd maintanc• Printing, P081age and Ststionary T8phOne In8uran¢e Travel Expon Computèr Cosv IT Fuel & Car Park Expens Bank Charges Refreshment and Entertalnment Electncity & Gas Training & Secuiity Media Expen$e8 Depwiatr"on Covid-19 Expen888 Sm8rt P•n8fon 23,874.48 23,874.48 205.OJ 95.00 1.867.86 805 15 295.S) 27.309 165 132 200 1,352 4,192 100 525 1.592 748 398 25 170 1.867.88 e4)5.15 295 215. 1.199.80 38188 155.lxi 215,C 1,199.80 381 88 155.C 35.00 75.00 11.00 87.30 182 CK) 129.00 143.88 395.81 893.45 1.403.03 32,364.92 75.CQ 11. 87.30 182 (J) 129.CQ 143.88 395 81 893.45 1,483 03 32.364.92 125 262 568 37,976 TOTAL EXPENDITURE 49.217.92 49.217.92 55,440 14
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG].VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED Not• S FOR THE YEAR ENDED 31ST DECEMBER 2020 D•talls of certaln It•ms of expondjtur• 5.1 Fees for examination ofthe accounts Please provide details of the amount paid for any statutory extemal suutiny of accounts and other setvices provided by YOUT indendent examiner. If nothing vras paid please enter'o, in the appropriate box(es). GOVERNANCE COST Th18 Year Last Year Independent examinerfs fees 450.00 450 Assurance $ervi¢8s other than audit or independent examinats'on 890.00 other fees (for example". financial advi¢8, consultancy. accountancy services, et¢.) paid to the independent examiner 900.00 900 2,240.00 2,240
REDEEMED CHRISTIAN CHiIRCH OF GODtRCCG].VtCTORY ¢ENTrE NOTES TO ThE AcCOuP I¢ONnNUED FOR THE YEAR ENDED 31ST DECEMBER 2020 Fmhokl mKhinery Ftthr•8, land& COmpur amotor fiding8& buildingB equlwmnt ¥•hicle• •4uipm•ni 2.8.() Totsi last Ytar T•lal At Ihe beginTring of the >wr 11181.17 15.217.93 14.487 86 Addthons 599.(J) 599.C¥) 729.97 At•nd of the year 1.03&70 I.( 11181.17 15,816.93 15,217.93 .2 D•pr•¢tiOn and lryolrThnts -Basi$ Long Term Leaseho ProF•rty IAotorVehiG FiKtur8s & Fitti orri¢e Equwnent Com uter E 2S% Str84ht Li 25% Straight Stra&ht Lm• Strai ht tsne Rat6 25% At èeginnn9 01 Ihe y•ar DepI&ll0n for tho year At end of thg y8ar 327.57 258.94 586.51 2.. 11.&83.70 136 87 11770.57 14,$61.27 14,269.S8 395.81 291.69 14,957.08 14,$61.27 6.3 N•t book valu• Net boc value al thè beginning of thè Yr. Net book at the •nd ol the year 6A knp•lnnont NONE No de5cripthon of the ev•nt• •TrJ orvJm8tsrx that to th writrJn or revgrsal of an paI[ment 109 19 449.25 547 47 410.eo 218.38 65fj.68 869.86 6.1 Rov4luatlon An aecountin9 poliw ol R¥alualon not &Jcstsd durfrKJ th acc• peiicQ.. Ihg eff8cth'v• dat• of th• r•v4lu•tbn • NIA th• of indopentht v•luw, rf 9M¢#b= NIA m•thod8 appld aThJ 8VdnrfKant aSSlrytim= NIA the earrying ¥mount thatld ha¥e bggn rpccwtyod ha ts •s8•ts kn c•rrnd urJ•r th• coal m¢>Jel. 6.6 Oth•r dlvlo8urn8 Ill Pleasg State the amount of borrrrVJ costs. Many. pital8•d ln f>)n4tryetion t•nobte l)x•d a6se16 and the capts1aOn r4t• U8ed= NIA lill Pleas• provkle tht amouTrt 0fntral ctsnmltrnents fof the •cw(kn oltan9b asBgt6 = NIA liiil Details of th8 exkryten¢& carryiry of prcwty. pLqntarnl wJuvHment to whhth tt ch8nty ha$ r881nthd lid8 orthat are plJ9&I a8 8wrty WA 16
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS Not• 7 CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020 Dèbtors and pr•paym•nts Please complete this note if the charty has any debtors or prepayments. 7.1 Analysls of debtors This Year Trade debtors Prepayments and ac(xued income Other debtors Total Last Year 3.199.17 4,490 3,199.17 4,490 Please complete 7.2 where a material debtor is relVerable rnore than a year after the reporting date. 7.2 Analysis of debtors reo)verab19 in MO than 1 year (induded in debtors above) Thls Year Last Year Trade debtors Prepayments arKI accrued income Other debtors Total 17
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED Nota 8 FOR THE YEAR ENDED 31ST DECEMBER 2020 Creditors and aceruals Please complete this note if the chartty has any Creditors or accruals. Amounts falling due Within More Than 1 Year 1 Year Prior Year Amounts falling due Wrthin More Than 1 Year 1 Year 8.1 Analysls of creditofs Accruals and deferred income Taxation and social security PA YEINIC Totsl 1.557.50 4,310 1.557.60 4,310 8.2 D•f•rr•d Incom• Please complete this note rf the tharity has deferred incA)rne. Plgasa explain the reasons why income is deferred. Movement in defeTr8d income aco)unt Th18 Year Last Year Balants at the start of the reporting perrod Amounts added in current period Amounts released to income from previous peri(yJs Balance at the end of the reporting period THERE IS NO DEFERRED INCOME DURING THIS PERIOD
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020 Note 9 Provlslons for Ilabilities and charyes Please complete this note rf you have induded in charity expendire any provisions. A provision is made when the Charity has a liats.lity of uncertain b.ming or amount 9.1 Pl•a8e provide: - a brief description of any obligats.ons on the balance sheet and the exFectgJ amount and timing of results.ng payments., - an indication of the unrtaInbe$ about the amount or timing of those 0uffl0,. and - an indication of the uncertaintiés about the amount or b'ming of those ouffiow3,' and - the amount of any expected reiMtrrsernent. stating the amount ofany asset that has been recognised for that expecw reimbur8ement. 9.2 Movements In re¢ognl••d provl•lon• and lundlng commhmont durlng the perfod Th18 Yoar La81 Year Balance al the start of the reporting period Amounts added in cunent period Amounts charged against the proViOn in tho current pefh Unused amounts reversed during the perbcml Balance at the end of the reportrng period 9.3 For any funding commitment that is not rec>)gnised as a liability or provision. provide details of commitment made. Ihe lime frame of that ¢omrnitrnen( any perfOrman-re1ated conditions and details of how the commitment will be fvnded (with )ntra¢ts for capiiai expenditure separately Identified). 9.4 Where unrestncted fvnds have teen designated to a fund commitrnen( please disciose the nature of any amounts designated and the likely timing of that expendrture. THE ABOVE 9.1 TO 9.4 IS NOT APPLICABLE 19
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2020 Note 10 Contlngent liabilltlos and contlngent assets 10.1 Contlngent liabllitle8 Where the charity has conts'ngent lia'1111tIes, Pr cOMte the folkming section unless the possibility of their existence is remote.. De8¢rfptlon of hem includlng Its legal nature. Please dgscribe any 8ecurity provldod In conne¢tlon lo the liability. Estlmats of financlal effoct 10.2 Contlngent a88ets Where the chanty has conts"ngenl assets, please ctsnplete the following seclon when their existence is probable., D08crlpllon of ltsm E•tlmate of flnanclol effoet 10.3 Othèr dl•clo8urn8 lor contlng•nt aM•ts andlor Ilabilitle8 Please provide the following infomiab.on where prath"cat4e'. Explain any uncertainties relats.ng to the amount or timing of setuement., and the po8sibilty of- any reimbursement whe it is not practical to make one or more of these dis¢losures. please Stste this fact NONE OF THE ABOVE IS APPLICABLE 20
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED Note 11 FOR THE YEAR ENDED 31ST DECEMBER 2020 Cash at bank and In hand Th18 Year Last Year Savings Account Cash at bank and on hand Total 30,003.69 3,253.39 33,2S7.08 15,330 4,981 20,311 21