REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] VICTORY CENTRE Charity REG.No:1140310 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 MOSES-BOLE&CO CHARTERED CERTIFIED FORENSIC ACCOUNTANTS PROFESSIONAL ACCOUNTANTsrrAX ADVISER & BUSINESS CHARTERED MANAGEMENT CONSULTANTS 39 SAINT BRELADES COURT BALMES ROAD HACKNEYIISLINC. N1 STW Tel: 075 8407 557 THE REDEEMED CHRISTIAN CHURCH OF GOD CCG VICTORY CENTRE CONTENT Legal and Admlnl$trativè Informatlon Trustees. Report 24 Ind8pandent Examingr's Raport to thg Tru$to•8 Statement of Financial Activities Balance shggt Notes fomiing part ol the Flnancial Statgment 8to21J REDEEMED CHRISTIAN CHURCH OF GOD- RCCG] VICTORY CENTRE LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A. ADEBOYE Trustees: Mr Tony Gunn Mr Emmanuel Ehibatiomhan Ms Winnie magambO￿aSana Dr Olusola Akinrolabu Registered Office 238 Burwell Meadow WITNEY OXFORDSHIRE OX28 5JJ Minister In Charge: Pastor Emmanuel Oyedoh Charity No 1140310 Bankers Barclays Bank Witney 30 Market Square Witney OX28 6BJ Accountants: OSES-BOLE&CO Chartered Certified Forenslc Aeeountants Certified Professional Accountantsrrax adviser BUSINESS CHARTERED MANAGEMENT CONSULTANTS 39 saints Brelades CourL Balmes Road London N15TW TRUSTEES YEAR END REPORT 2022 REDEEMED CHRISTIAN CHURCH OF GOD- VICTORY CENTRE PARISH OXFORD Victory Centre, Oxford. is a fami￿ church and orEn to all members of the communty. Misslon Ststement The Mission of Victory Centre, Oxford, is to reach out to the communty to share and demonstrate G￿1.$ love for all humanty. Charlty Status Viclory Centre, Oxford is a charity organisatK)n constrtuted under a Trust Deed dated 14th December 2006 Chartty number. 1140310 and is on the central register of the Charity CommissKsn of England and Wales. Objective The principal objective of this Charity is to advan￿ the Christian farth woddwwje and to reach out to the poor and needy. Activlties over the year 2022 The year 2022 brought with il good pro3ress. consmkring the effect the 2020 global pandemic had on Ihe church. The Church has fully embr&ed a hybrid approach to fellowship by hosting events onsile and broadcasting it via social media. Through its teams of volunteers. the Charity organised activities. events, and meetings to promote its objectNes. The Charty maintained its weekly worship actNities to engage its members. The Charity runs Iwo Sunday Moming W￿r$hip services to meel Ihe needs of its parishioners. The Church Sunday seNice membership. on avernge, has been be￿een lo￿150 members wilh a high percentage of youth and children Weekly Sunday Children's Church has been held throughout the year in the evenings, with growing numbers of children attending. Weekly midweek bible study and prayer meetings have been held throughout the year, with an avernge attendan￿ of 25 people. The Charity reached out lo of its pariSh￿nerS. who needed financial help, due to job loss by providing them with a monthly stipend. The Charity reached out to the C(¥nmunity Emergency Foodbank (CEF) and. following an initial dOnat￿n of food items, continued to Sup￿ the Charity bi* monlhty The CharTty SUPPOrted other charitses in furKlraising efforts. other outreach a¢tivrties in the cc*mmunity included.. Pasloral outreach lo the sick in hosytsl Pasloral outreach to those in need wtlhin the church wmmunty Evangelism Outreach and supwrt to the student communty within Oxford C2 Vodafoneziggo InteTnaJ Risk Managemerrt The Tnjstees have Gonducted a review of the signffjcant risks to the Charity. The risk register identifies the nature of these risks, their likelih¢x)d and the rneasures taken to marw them. The Trustees revtew the risk ￿l$ler at their meetings and are satisfied that there are safe systems in pthe to manage the risks thal have been identffied. The finances of the Charty are also kept under review, and has grown in the last year gmng the church the ability to plan for capital projects. Pr(￿edu￿$ have been put in place to ensure compliance with the health and safety of members of staff. volunteers, and vistiors to the Chanty. Plans for the Future The Charity o)ntinue5 to explore ways of frjrthering its charitable objectNes effectively by ensuring awareness of its Serv￿$. The Chanty seeks to provide seN￿S and activities that meel the needs of people in the communty. These activities provide a positrve change in the moral and spiritual dimale of the communtty. which reflects the Chantys Christian ethos and beliefs. Govemance Victory Centre, Oxford has a Board of Trustees o)mprising four (4) church members that oversee the running of the Charity. The Trust*s meet bi-annualty wrth the Pastor and the Head of the volunteer5 to address any govemanct issues and revi8w the Charity's ffinancial status and commitments. Leadership Structure Each department within the Church has a head of department. All heads of departments are overseen by the Head of Volunteers. who reports to the Pastor. The Pastor is the overall leader of the Church. Monthly meetings were held throughout the year for the heads of department, Head of volunteers and the Pastor to plan and discuss the operation act￿rt￿$ of the Church and any special programmes. Departments within the Church are.. Children's Church Youth Ministry Men's Ministry Ladies Ministry Choir & Worship Team Hosprtalty Team Technical Team Evangelism Ministy Follow-up Team Pastor of Vlctory Centre, Oxford: Pastor Emmanuel Oyedoh CZ VodafOtteZ￿g0 Internal Charity Trustees: Trustee Signature Mr Tony Gunn Mrs Wnnie Nanteza Magamb¢FGasana Secretary Dr Olusola Akinrolabu Mr Emmanuel Ehibhaliomhan C2 Vodaft)neZlw Internil MOSES-BOLE & CO P..c&rS5ional M(coufrt3nlE 4frd Bu5ifSe5S INDEPENDENT EXAMINEWS REPORTTO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GODknvicfoRY CENTRE I report on the accounts of the chartty for the year ended 31 December 2022. which are set out below and notes to the financial 5tstements on pages 7 to 18. Respertlve responsibilitles of Trustees and Examiners As the Charitws Twstees, you are responsible for the preparation of the accounts; you consider that an audit is not required for this year (under section 144121 of the Charity Att 2011lthe 2011 act) and that an independent examination is needed. It is my responsibility to Examine the account lunder section 145 of the Act); follow the procedure5 laid down in the General Directions given by the Charlty; Commission lunder section 145{5) Ibl of the 2011 Act and State whether particular matters have come to my attention. Basis of Independent Examlnerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examlnation includes review of the accounting ￿ordS kept by the Charity and a comparison of the accounts presented wlth those records. It also indudes consideration of any unusual item5 or disclosures in the accounts. and seeking explanations from you as the Trustees conceming any such matters. The prO￿dureS undertaken do not provide all the evidence thatwould be required in an audit nd consequently no opinion is given as to Vh￿ther the accounts present a "true and fair view" and the report is limited to tIK)se matters set out in the statement below. Independent Examinerfs Statements In connection with the examination. no matter has come to my attention:. 11 Which give me ￿asonable cause to believe that in any material respert the requirements To keep accounting records in accordance with section 130 of the 2011 Art; To prepare accounts which accord with the accounting r@cords and to comply with the accountin8 requirements of the 2011 Act have not been met or 21 To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached Moses O E 19unnubole. BA (IIONSJ FAI4 FCP4 FF4 FCPFA FIP MOSES-BOLE&CO FIC.. Chartered Certlfied ForensKAccorJntonts Certified ProfrssionolAccountGTnts/foxAdvise And 8usiness Cht7rtered Mortugement Consutto DATE." > ts_ I￿025 Tell +44(0) Z07704J25 Emalll mo5e5bw￿c4￿Th LuCyHr¥JseBu￿r*5sCentr*,UhIt Fax/*441￿ IQ73542035 436EsSExRoa¢k￿1￿lt￿rtd0n.￿I 3QP REDEEMED CHRISTIAII CHURCH OF GODIRCCG]-VICTORYCENTIIE sfATEIIEprr OF NNANCIAL ACTIVITIES FOR THE YEAR EtIDEO 31ST DE¢EIIBER 2022 Resthcted Note Unresth'cted irKome ErKlowme Funds Funds FuThJ$ Prior Total Funds Funds Recommend•d cat•90rf•s by a￿1¥}fy Incomlng resour¢èii Ineorne and endowments fyom: DDn8tMs and legacies Total 102.779.07 101779.07 102.779.07 102,779.07 91,713 91,713 Expendlthr• on: Direct Cost Support Cost Governance Cost 46.4￿.83 22,642.54 2,240.IXJ 46.4CM).83 22,642.54 2.240. 35.949 17 157 2240 Total 71.283.37 71.283.37 5S,345 Other gainsll1058esl N•t mov•m•nt In funds 31.495.70 31rt95.70 36J68 R•con¢lliation of fund Total funds brought forw8rd 72.126.81 72,126.81 35,758 Total funds earned for¥rdrd 103.622.51 103,622.51 72,126 REDEEMED CHRISTIA14 GHURCH OF GOD[R¢CGF￿trfoRy CENTRE BALANCE SHEET AS AT 31ST DECEMBER 2022 Total Last Year Nots# unrestricted iThxxne Endowrnent FLmds Funds Fut¥Js Totsl Funds Fixed assets Tangible assets Total fLxed assets 1.820.05 1.820.05 1,820.05 1,820.05 390 Current as8•ts Oebtors Cash at bank aThJ in h8nd Total current assets 11 104,882.46 104.882.46 104.882.46 73,977 73,9TT Creditors". amounts falling due wfchin one ye8r 3.rJ&).( 3.¢MO. 2.240 Net current asselsllliabiifa'esl 101,802.46 101,802.46 71.737 Totsl assets less ojrrent Ilabil￿.es 103.622 51 103,622.51 72.127 Creditors". amounts falling due after one year ProMsion8 for liabilit￿S Total net assets or liatll￿.eS 103,622.51 103,622.51 72,127 Fund5 of the Charfty Unrestncted tjnds Revaluation reseN8 Total fund¥ 103.Q2.51 103.622.51 72,127 103,62151 103 622.51 72.127 Signed by one or trustees ￿ behaw of 811 the bustees.. Dat8 ofapproval.. Signature.. Print Na￿￿". iANCE 5trEEf ASA T JIST DECEU￿R 20YI R•tri(•d No1*5 Urn•str#•d LrLom E￿n￿rt T<￿1 Furds Fundb fu Toll Ft¥•J•yM15 ¥ksets 1.820 05 I.8￿09 C•h b￿0 11 104.88240 8BZ46 104.882.40 88iA6 TJ3TT i($0.00 224J Nrt affgrt 101.WZ46 101.8(K2A6 10&fQZ51 1oieR251 72.1r Trt*lrnl4sJ•ts 10 251 6XS1 F¥nds*fth* Chartty *. Uf*OtiÉgW 101152251 T4.127 10 QZ51 10 T2.1ZI i41olXI23 REDEEMED CHRISTIAN CHURCH OF GODtRCCG]_VICTORY CENTRE NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022 Not• 1 Basi• of prnparallon 1.1 8a$ls of acwintlng Th8s8 ac￿nts have been prepar&1 underthe hiskncal cost conv¢nlKrfJ wth rtems rec£)gnised at ￿$1 or transaction value unless 0th8rwse stated in the rdevant notelsl to these acrxjwtts. The accounts have been prepared In accordance wrth the Financial Remng Standard applicable in the UK and ReputAic of Inland IFRS1021 Iss¢Jed on 16 July 2014 and wilh the Chant'es Act 2011 and the Charty Co￿t￿ut¥S a public benefft as defjned ty FRS10Z 12 Golng concorn Considerlng th• steadl¢vel of Ineomlng r&sourc8s andMeMbe￿iP numbtrthe Charty Is a golng concern wlth fto anyknown unlorns•en ¢Arcumstance 1.3 Change ol accountlng pollcy The accounts present a truè and lair view and the ao))unling polKiès adopted are Ihose oullined in thè note wrth no change in policy 1.4 Chan9•8 to ae¢ountlng •stlmate• No change5 to ￿COUnting esbmates have (K¢xJrred in the rep(Nb"ro periTrY {3.46 FRS 102 SORPI. 1.3 Mat•rfal prlor y•ar •rrors No material prior year orror have been id￿tifi&l in the repo￿"n9 p￿1￿￿ {3.47 FRS 1(r2 SORPI. REDEEMED CHRISTIAN CHURCH OF GODtRCCG]_VICTORY CENTrE NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 2 Accounting poIIci•s 2.1 RECONCILIATION ￿TH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE The￿ i8 no thang8 in 8trountity in Ihi& 2.2 INCOME Thi5 St¥n¢Jard list of accounting has appl￿￿ by the chanty except forlhose ticked No or "Fua.. Where a dffierent or addty"on81 poI￿Y has *lopted Ihan 15 detsded in the box be￿aT. These a￿ inGluded in Iht Slatemenl ofFJn#rKial Athitss ISOFAI W￿.. . the ¢hanty tÉcomes en￿￿j 10 the resourc*s, . it is more liketythan not that the Irusteeswill re￿I¥*the v850urw." aThJ . the ftK>netary va]u8 can be r￿sur￿j wNh suffK*nt ￿l￿￿ty. Oflsettlno There ha$ ￿en no offsettiThJ of assets aTrJ li*bb8s. or arwJ 8Jpen5VS. Grants aJMI donatlts Grant$ and donations are onty Indud8*J ￿ the SoFA*then ts g8wal recc*3ndtsJn c¥theiia a m$t15.1010 5.12 FRS 102 SORPI. In the case of perfOMan￿ related grants, In(￿Me M￿10Th￿ be recogn￿•1 to tho extent Ihat Ihe ¢harfty has provided the $pecffied gooys or Servi￿ entilkment io Ihe grant onty when the FerfotrnanGe re￿ted COndrtw￿ are rt15.16 FRS 102 SORPI. Leyaclos Thefft is no *gacy receNed duriryd Ihts FWKWJ. No gov&mment grant was rer*N8d duwww t￿5 pwtsj. Gift receivab￿ is included in inccport eosts Support Ms15 have been albcgled 90¥8rnance o)sts othersuworL Govemance ccéts compri58 all COS1$ Invo￿1ng publiG accountabiltyofthe charty afvj its ￿rdn￿ regula¢*)n arkl good practi￿. Support ¢OSts indL>Je t%nttal functions aThl have t￿ft aknated to athityoJst cat•3orEs on a bas¢& ry>nsistenl wth the use of reS￿r￿. eg aUwatir*J prwerty Costs byknor areas. or per caprta. slaff costs by the brne spent and thr o)sts bytlw usa9e. Grants wlth perfornwnce condltlons The Chanty 18 not awarding gRnt lo any organwknn Where there arè no cA)nditKns att￿hIry to the grantthai en8b￿S￿dE￿rthè1tytO reali8trxl avoid the wmmrfment. a li*)iltyforthe ￿ fvndirvJ rnusl be rec￿n￿. R¢dundancy eo>t The charty ma¢Se no paym8nls duriNJ the woth"rvJ Per￿￿. No Mate￿￿ item ofdeler￿1 income has been ￿dUtsJ in Ihe *oJunts. Credltorn The charty has fftditor¥ a￿ measured at seiuern￿ amounts trade di8￿Unts Pvovi*iyTrs fvr IlaWIIII*¥ A liabilty is Measu￿ on reccgnrtK)n * rf5 h￿riCal rx)st ar￿ subwuenlty measur&1 at best esbrnate of Ihe amount rBquired to the ￿￿atr"on attt* ￿pOrhT￿j date The d)arfty accounts forbasi¢financJal InstruftEnts on inrtk81 recwix)n as per paragraph 10.7 FRS 102 SORP. Subsequent MeasUren￿nI ￿ as Fwparagraph$ 11.17 to 11.19, FRS 102 SORP 2.4 A&SETS Tan9lblo Ilx•d ass9ts for use by chablty These are trApitalised if they can b8 US8d for more than one y88r, and cost at18a8¢ They are valued at Cost. The depreciation ral8& and methods used 8re disc￿se￿ In note 14. I￿t￿n￿l￿18 flxod a88ets The ¢harrty has no intangible fix8d wsets. that k¥. non-monetsry assets th81 do not have physi¢g1 substanee bul are Idenbf1ab￿ and are cOntrol￿d by the charity through oJ5tcdy or18gal rfghts The smort￿￿tIOn rates aTr1 methods used are disdosed In note 15 are valued at ¢08t. The charity has no haritage assot5. that is. rnrpmon8tary assets with fvi5toric. artistic. scvantrfic, tschnobgl¢al. geophysical or environmÈnlal qualities that are held and malntained prinGipallyfor their contribution lo knowledge and ¢uftur&. The d8pr8dation rat¥s and methLhJs used as d18dosed ￿n note 16 i8 not applicable during thi% period but if available they are valued at cost Invostmehts Fixed a8sel Inve5trnent5 in quoted $hare5. tr8ded bonds and simllar Investrrents are valued at Inrtialty at cost and Subsequent￿ ai fairvalue Ilh8ir markgtvaluel at Iheyear end. The same Ireatrnenl is applied lo unlisted investments Un￿$$ fgirvalue cannot be measured re￿￿b￿ in which case il i8 measured al co$1 l&ss impai￿ent. Investrnent5 heNI for resole or pending their Sa￿ and rA5h and 135h eqUiVa￿nIS wlh a maturiiydate of lessthon 1 year are treated a8 curront $$$01 investments Debtors Debtor5 linduding trade tJebt¢T5 and loans reCe￿ble) are measured on initial r8tognthon 41 settlemènt amount 8fter any trade discount5 or amount advantÉd by the charity. Subs8quenly, they are measured at the cash or other consdoratlon expethed lo be received. Curr•nt assel Inves*ments The Charity has ha3 In¥estmonts whKh rt hok18 for resak or pending their sale and cash arnl cash equivalen15 wlh a malurty dale le$$ Ihan one year. Thesa in¢lude Cash on deposit and cash eqUIva￿nI8 with a maturitydate of kss than one year held for Investment putpose5 rather than to tneet short term cash commiimenls as they fall due. They are valued gt f•ir value excaptwhere they qualfy as basicfinanclal in$trumenls. POLI¢IES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE TrtrÈ is no any other polic￿$ adopted. li REDEEMED CHRISTIAN CHURCTrf OF GODtRCCGJ-MCTORY CENTRE NOTES TO THE ACCOUP4TS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Nottr 3 Analys1* ot lTrJ¢•rAo RÈ¥trictsd Unre¥trlct•d incom• Fund8 Funds Analygls Prior year Funds Endo Fund* Total Funds Donatlons and legacSe%" Donab'ons and grfts- Tthes and Offering Interest Income Total 102,685.75 93.32 102,779 07 102.e85 75 93.32 102,779.07 91,709 91.713 Other In¢omo TOTAL INCOME 102.779.07 102,779.07 91.713 Other Inlormatloni All In¢om• In the prfor y•ar was unY•strlctod. Ther• was no any gndowment fund conv•rted Into Incom• In th• r•portlng P•rtod. Includlng th• prk¥r y•ar.th•re was no mat•rlal In¢om• It•m• wlthln th• abov• that raqulr• dls¢losure of It8 nature and amount. 12 REDEEMED CHRISTIAN CHURCH OF GODtRCCG]_VICTORY ce￿E NOTES TO THE ACCOUNTS COPrnNUEDI FOR THE YEAR ENDED 31ST DECEMBER 2022 Noto 4 Analy515 of •xp•ndltur• Piior year Funds Tolal Funds Funds Funds Fynd• DIRECT COST Worfd Evangeli5rn Missbjn Fesb'val of L5fe RCCG£entral Office Honcufarium Welfare $ern￿a￿l conferen￿ & Retsats Sunday scho￿ Expenses Pastors Salaries Minister Hou85ng A¢¢unc￿81[on 2.4(￿.00 2.400.00 2,400 250 1,200 900 4.566 1.071 712 11.050 13.800 35.949 12CK).LK) 3.400.00 13,389.83 1250.Th) 761.IK) 10200.C(J 13800C(I 46AOOA3 1,200.00 3,400 00 13.389.83 1,250.00 761.00 10,200.00 13.8DO.00 46,400.83 SUPPORT COST Pr￿tse$ CosVRenl Choir. Key trnard and m￿1¢ Expen588 Gifts & tkinatK)ns Children teen89e department PAYE & NI Repairs and mainteronce Printing. Pgstage and Sta Insurance Travfyl Expens88 Fuel & Car Padt E¥p8nses Refi￿￿ment and Entetsmrnenl TrainiThJ & Seojrity 11.319. 11,319.00 6.737 313 3,050 3.163 176 4.￿.09 3.668.lJ) 4,556.09 3,668. 40.95 147.36 702.16 147.38 702.16 361 3LX) 129 C#J 572.C6 476.$8 695.04 22,$42.54 129.00 S72.L 476.58 895 04 22.642 S4 IZ9 144 1.353 D8pwatson Smart P£nsK)n TOTAL EXPENDITURE 69,043.37 69,1)43.37 53.105 13 REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]_VICTORY CENTRE NOTES TO THE ACCOUNTS (CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 5 Dotalls of c•rt8ln Items of expenditure 5.1 Fees for examinatlon of the accounts Please provide details of the amount pavj for 8ny statutory extemal scrutiny of accounts and other services provlded by your Independent examiner. If nothing was paid please fjnler'￿ in the apprOPr￿te boxlesl. GOVERNANCE COS7 Thls Y•ar Last Year Inde￿ndent examinerfs fees 450.00 450 Assuran￿ servi(%s other than audit or independent examination 890.00 890 Other fees (for exarnple". flnancial advice, consuttancy, account8ncy SetvKes. etc.) paid to the independent examiner 900.00 2,240.00 2,240 14 REDEEMED CIIRISTIA14 CHURCH OF GO0IR¢CGI-M￿oRy CEIITrE IIOTES TO THE ACCOUtr4TS CONTIP4UEDI FOR THE YEAR ENDED 31ST DE¢EIIBER 2022 m￿hln•ry Fithres. & fflotor 11tt1ry8 a Mldi]V •qYiWT*rt vehlBle¥ •qulpn*rt Totsl Year Yot•l At IhÈ be￿nnIng of the year 1.0&5.76 2.￿.￿ 13.Cfj¢.17 16.699.93 15.817 Addllon& 1.Kk8.32 1.gJ6.32 8&3 Al end ofthvyeir I.OJ&76 800.ty) 14.97￿49 11,808.26 16,7LY) 6.2 D•prncMlon and Impalrnw¢• '8aÉ16 Motor ve￿￿8 Fixtu￿ & Fitty Offic8 Equiprnenl Comwtei Equlw*rrt 25% 25% SlraKJht str¥vJht ￿r￿? 25% Str8¥M At beglnrtThJ ofthe yo•r DepWiaI￿n fry Ihe year At 8TrJ ollh• >*•r 845.45 2.￿￿.￿ 12.864.17 476.58 845 46 2.￿th.￿ 13.340.75 18.309.02 476.58 16.786.20 14.957 1.353 16,310 1.3 N•t book vilu• Nel book ¥alL* al thè t•glMln9 of ¢lk• Yr. Nel book ¥alu8 81 thè end of th• >wr 1WJ.31 190.31 2Cfj.C 1.m.74 390 31 1,820.05 390 8.4 Imylrm•Dt ￿ NONE No de8crfpiion of Iho o¥•nli drraJMtancu Ihot l•d to r•wer881 of an Impalrm8nt ￿%. 8.6 R•v•lu•tlo Am •¢¢ounUr4 pclcy of reV￿u81￿ •JW tr1• •ec4yJrf*vJ perknj.. the èffa¢iN• d•1• Oft￿ rDvalu•lkffj * WA thé Mm• ol Ind•p¢fid•Nt ¥•luBr. ff wK4kabl*- WA melhode &p￿led and s*rtll¢w* •MumKOTh • MIA the *mowt Ih•t*tyJhJ hiv• been r•co9￿1 h•d IN• •i••ii b••> whJwth• cosl model. lil Ple8se slate ltr* arnount of b)rrawkno ¢Mts. K *ty. ¢apkn1￿ knth• rrftsW• fixed 45sels and Ihe caW*th"on rah u••d ¥ NIA 1111 Pk4$8 provkJ• th& wnouTht ofc(rta¢l￿I ojmrrithwts kvtt* of1•ryb￿ f￿d •880ts R NIA 11111 D•¢•ll• oflho •tht•n¢e •nd •mtyJnts thii •TrJ equ*mwrt lo*t*h th• ¢hodty T*•trkt•d or IhDt ar• F4*19•d 86 WA REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY cETr￿RE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022 Noto 7 Debtors and prepaymonts Please complete this note if the charty ha$ ary debtors (w prepayments. 7.1 Analysls of d8bto Thts Year Last Year Trade debtor5 Prepaymerts ar￿ accrued income Other debtors Total Pleasg complete 7.2 where a rnat￿l debtor 1$ rncoverable morg thon a year after the re￿￿ng date 7.2 Analysis of debtors T￿0V¢rable in moré than 1 year (inclLKled in debtors atthel Thls Year Last Year Trade debt¢XS Prgpayments and aGcrued IT￿OMe Other debtors Total 16 REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]_VICTORY CENTRE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 8 Credltors and accruals Please Complete this note if the charity has any creditors or accruals. Amounts falling due Within More Than 1 Year 1 Year Prior Year Amounts falling due Within More Than 1 Year 1 Year 8.1 Analy$l8 of creditors Accruals and deferred income Taxation and social security PA YEINIC Total 3,080.00 2,240 3.080.00 8.2 Deferred Ineome Please complete this note if the charity has deferred income. Ploase explain the ￿asOnS why income is deferred. Movement in deferred income account Thi$ Year Last Year Balance at the start of the reportr'ng period Amounts added in current period Amounts released lo income from previous periods Balance al the end of the reporting period THERE IS NO DEFERRED INCOME DURING THIS PERIOD 17 REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2022 Not• 9 Provlslon$ lor Ilabilitios and ¢harges Please complete this note rfyou have induded in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount. 9.1 Please provid•'. - a brief description of any ¢)bligations on the balance sheet and the expected amount and timing of resuhing paym•nts', - an irKli¢8lion of the uncertaintEs about the amount ortiming of those ouffiows", and an indication of the uneertainties about the amount or timing of those ouffiows.. and - the amount ol any exr>ected reErnbur8ement, stating the amount of any asset that has been recognised for that expected reimbursernent. 9.2 MoY•m¢nts in recognised provlslons and funding commitment during the period This Year Last Year Balance at the start of the reportlng period Amounts added in current period Amounts charged against the provision in the current period Unused amounts reversed during the period Balance at the end of the reporting period 9 3 For any funding commitment that is not recognised as a liability or promsion. provhlg detsils of commitment made, th8 timè frame oflhat commitment, any performance-related Conditions and details of how the commitment will be funded (with contracts for ¢atilal expenditure sepafately identifie0. 9.4 Where unrest¥ited fun¢Js have been designated to a fvnd commitmenL please dls¢the the nature of any amounts desKJnated and the likèly timing of that expenditure. THE ABOVE NOTES 9.1 TO 9.4 ARE NOT APPLICABLE 18 REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS (CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 10 Contln9ent liabllitlos and contlngont assots 10.1 Contlngent liabilities Where the charity has contingent li8bililities, ple88e COM￿le the followng section unless the FKJssibility of their existence is remote.. D•scription of itom including its legal nature. Please describg any securlty provldod In connection to the liability- E8￿mate of flnanclal effect 10.2 Contingent assets Where the charity has contingent assets, please complete the follovmng secb'on when their existence is prc*ba￿e'. Description of item Estimatè of finan¢ial th¢t 10.3 Oth¢r dlscl¢¥ures for contingent a$sets andlor liabilities Please provide the following infomiation where practicable". Explain any Un￿rtaIntieS relating to the amount or timing of settlemènt-, 8nd the possibitty of- any reimbursemenl Where it is not practical to make one or more of the8e di8d08ure3. please 8lale this fact NONE OF THE ABOVE IS APPLICABLE 19 REDEEMED CHRISTIAN CHURCH OF GODtRCCG]_VICTORY cETr￿RE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2022 Note 11 Cash at bank and In ThiB Y Year Savings Account Cash al bank and on hand Total 101.196.80 3,685.66 104.882.46 70,408 3.588 73,977 20