REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] VICTORY CENTRE Charity REG.No:1140310 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 MOSES-BOLE &CO CERTIFIED PROFESSIONAL ACCOUNTANTSI TAX ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTAIs 39 SAINTS BRELADES COURT BALMES ROAD LONDON N1 5TW 075 8407 SS72 020 7923 4660
THE REDEEMED CHRISTIAN CHURCH OF GOD RCCG VICTORY CENTRE CONTENT Legal and Adrninistrallve Irrfornlatlon Trustees. Report 24 Indapgndgnt Examlner"s Report to the Tntea5 Statement of Financial Activities Balance sheet Notes forn)Ing part of the Flnanclal Statsment 8t019
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 magambOaSana Dr Olusola Akinrolabu Registered Office 238 Burwell Meadow WITNEY OXFORDSHIRE OX28 5JJ Minister In Charge: Pastor Emmanuel Oyedoh Charlty No 1140310 Bankers Barclays Bank Witney 30 Market Square Witney OX28 6BJ Accountants PJIOSES-BOLE & CO Unit 4L Leroy House Business Centre 436 Essex Road London N13QP
TRUSTEES YEAR END REPORT 2023 REDEEMED CHRISTIAN CHURCH OF GOD- VICTORY CENTRE PARISH OXFORD Vlctory Centre, Oxford. is a famity thurch arKI op8n to all members of the communty. Ml88lon Statèment The Mission of Victory Centre, Oxford, is to reach out to the communty to sh8re and demonstrate God's love for all humanty. Charlty Status Vlctory Centre. Oxford Is a charlty organlsatkm consllttrted under a Trust Deed d8t8d 14" December 2006 Charity number: 1140310 and Is on the central r8gistsr of the Charity Commlssion of England and Wales. ObJo¢tlv• The principal objective of this Charlty is to advance the Christian fafth worfdwlde and to reach out to the poor and needy. Actlvltles over tho year 2023 The year 2023 brought with it good Pr388. The Churth has fijlly embCed a hybrid approach to fellowshlp by ho8llrKJ avents onslte and broadtIng It vla scthl media. • Through Its teams of volunt88rs, the Charity organl*J acuvltw. events. 8nd meetings to promote its oblectivgs. The Charity malnlalned tls weekly worshlp advltles to engage Its members. The Charity runs Iwo Sunday Momlng w¢)rship services to meet the needs of its Partshioners. The Church Sunday service membership, on average, has been beleen 100-150 m8mber6 wlth a high perc•ntag8 of youth and children. Weekty Sunday Children's Churth has b88n hèld throughout thé year in the evenings, with growing numbers of children attending. Weekly mldweek blble study and prayer rneetsngs have been held throughout the year, with an average attend8nce of 25 people. The Charity reached out to Iwo of its parishioners. who needed financial help. du8 to job loss and h8alth concems by providing them wllh a monthly stipend. The Charity reached out to the Communlty Emer9enGy Foodbank (CEF) and, following an Inlli81 donation of food itèms. OtinUed to support the Charity bl- monthly. Thè Charity 8UPPOrted 0th8r tharEt6es In fundraising efforts. Other outreach activitie8 in the (x)mmunlty Inddj. Pastoral ¢)utreach to tho sick In hospltal Pastor81 outreath to those in need within the thurch community Evangelism OLrtreach and support to the Student communty wtlhin Oxford
Rlsk Management The Trustses have cx)nduiXed a review of the signtficant risks to the Charity. The risk register Identrfies the nature of these risks, thelr Ilkelihood and the measures taken to manage them. The Trustees review the risk register at their meetings and are satisfied that there are safe systems In place to manag8 the risks that have been identified. The finances of the Charity are also kepl under revlew, and has gro In the last year gNing the c*urch the ablllty lo plan for capital projects. Proc8dures have been put In place to ensure compliance with the health and safety of members of staff, voluntoers. and visttors to the Charity. Plans for the Futur• The Charfty conllnueg to explore way8 of fijrthering Its chaTltabl8 objecvaS 8ff8cliv8ly by ensur(ng awareness of its services. The Charlty seeks to provldo servlces and actNlties that mget the needs of people in thg MMunIty. These actlvrtlgs provFdg a po$itlve than98 In the moral and 8plrllu81 cllmate of the communlty. whl¢h reflects lh8 Charft(s Chdstian ethos and beliets. Govarnanco Vlclory Cenlre. Oxford has 8 Board of Trustees comwsing ft)ur (4> church members that overséé the runnlng of the Chartty. The Trust8e8 meet bi-annually with the Pastor and the Hèad of th8 volunteers to address any governance Issues and revlew the Charfty's flnanclal status and commitments. Lgad?r•hlp Struthre Eacth d8partment within the Church has a head of department. All h8ads of d8p8rtm8nts aro oversaen by the Head of Volunteers. who reports to the Pastor. The Pastor is the overall leader of the Church. Quartedy meetings were held throughout the year for the heads of departrnent. Head of volunt8ers and Ihe Pastor to plan and dISSS the operallon actfvltl8s of the Churd) and any speclal programm89. Departments wttnln Ihe Ghurch are: Children's Chur Youth Ministry Men's Minlsty Ladl88 Mlnistry Choir & Worship Team Hospitality Team Technical Team Evangelism Ministy Follow-up Team Pastor of Vlctory Contro. Oxford: Pastor Emmanuel Oyedoh
Charity Trustso$: Trustee Signature MrTony Gunn Mrs Winnie Nant8za Gasana se¢tary Dr Olusola Akinrolabu Mr Emmanud Ehibhatiomhan
MOSES-BOLE & CO INDEPENDENT EXAMINEWS REPORTTO THETRUSTEES RED ED STIA CHURCH OF G vi RY I report on the accounts of the charty for the year ended 311sf Dember 2023, which are set out below and notes to the financial statements on pages 7 to 19 Respective responsibilities of Trustees and Examiners As the CharitWs Trustees, you are responsible for the preparation of the accounts,. you consider that an audtt is not required for this year lunder section 144121 of the Charity Act 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 procedures laid down in the General Dirertion5 given by the Chority," Commission (under Section 145151 Ibl of the 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 direttions given by the Charity Commission. An examination include5 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 COnrning any such matters. The procedures undertaken do not provide all the evidence that would be qUired in an audit and consequently no opinion is gtven as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connection with the examination, no matter hascome to myattention-_ 11 Which give me reasonable cause to believe that in any material respert the requirement5 To keep accounting records in accordance with section 130 of the 2011 Act,. To prepare accounts whlth accord with the accounting record5 and to comply with the accounting requirements ofthe 2011 Act have not been met or 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 Igunnubole. BA (HONS) FAI4 FCP4 FF4 FIP4 Fri RG CPFI ACA T... Monuging Portner MOSES-BOLE&CO Churtered CertIfd ForensKAccountonts Certified Profession(71AccorJntonts/foxAdvisers And Business Chortered m0rjogennt Consultonts Tdi +441012077042S2i Er0., LwtyHtsV*&Jfft55crnr.UnTrL Fa14U<012073541035 ..
REDEEMED CHRISTW CHURCH OF GODIRCCGI-VICTORY CENTRE STATEMEP OF FINAJ4CIAL ACTIvlEs FOR THE YEAR ENDED 31ST DECEM8ER 2023 Restricted )t6 Unr88tricknY ino)me Endowm8nt Funds FuThts Funds Prior year Funds Tot81 FutKIs Income and endowments from: Donations and legaci8s T•t*l Resourc•s •xp•nd•d Expendlture on: Direct Cost Support Cost Govam8ncè Cost 114.307.50 114.307> 114,307.50 114.307.50 102,779 102.779 55,343 44 34.323.13 2.240.IXI S5,343.44 34.323.13 2240.00 46,401 22.643 2.240 Total 91.gY1&57 91,906.57 71.283 Oth8r gansllLoss8s1 N•t movement kn fund 22AOO.93 22.400.93 31,496 Totsl ftjnds t%ought fCard 103.822.$1 103.622.51 72.127 Total funds carrlod fonvard 126.023.44 126,023.44 103.623
REDEEMED CHR18TIAN CHURCH OF OODiRCCG].VI¢TORY CENTrE BALANCE 8HEET AS AT 318T DECEMBER 2023 Restricted Not•s Unreslricw Ir End+M1ent Totsl Fur¥Js Funds Funds Fund$ Total Last Year FIX *ss•ts Tanglble asset8 Totsl fixed as8ets 943.12 943.12 943.12 943.12 Curr•nt Ass•ts Cash al bank and in hand Total current as8ets 10 127 225.32 127 6.32 127 225.32 127 226.32 Creditors.. amounts fdling due wlthin one year 1145.(X) 2,145.1)0 Net Gurrent as8et81lllabilitieB} 126 080.32 126 1)80.32 Total a869ts le86 cUrrt IlatAlttk88 126 023.44 126 023.44 103622 Credltor8'. amounts falllng due after one y&ar Prov18ionJ for liabillt Total net a8set8 or liabilille8 128 023A4 126 023.44 Funds of th• Ch•rlty Unre81ricted fund8 Total funds 126,023.44 128 023A4 126,023.44 126 023.44 103622 103622 Signed by one or two tru8tee8 on beha of all the trlee•.. Slgnature,. Prfnt Name.. Wi hJiF£frO PJAhireLA .
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Note 1 Basls of preparation 1.1 Bag15 of accounth These aco)unts hava baan proparwj under the hLStorical cost convantion with &m$ rg¢ogni1 al cost or transaction value unless othwse ststed in lh8 re18vant n($) to these ac(OLmts. The accounts have b88n pr9pared in cordancè wth the Fin8naal RerKKbThJ Standar(l atw1 in the UK 8nd Republic ol InlaTrJ IFRS1021 issued on 16 July 2014 with ChlieS Act 2011 and ihe Charty constitutes 8 public benefit as defined by FRs12. 1.2 Golng conc•rn Conslderlng the stead lovolof Ineomlng r•soureg$ 4ndnwmlJetshlp nufflbgrthe Charftyls a golng concern with no onyknown unftireseen clrcumstanc• 1.3 Change of pollcy The aco)unts present 8 trua arK f8ir vi8W 8ThY the aco)untwig Fdicies adopted are th)se (Mjuined in th9 note Mth no change in pd 1.4 Changè• to •eeounting egtimateg No chang&s to accounb.ng èstimat8s have mrr&Y in the reivbng WKKI13.46 FRS 102 SORP). 1.5 Mat•rfal wlor y•ar •rrors No tnatetial priorygar 9fTor have be8n KIents"f in the r8F4ybThJ FK*J (3.47 FRS 102 SORP}.
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 Note 2 ACCIntIng poll¢l•s 2.1 REGQMCILIATION PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Tre k no kn antiry In thls )j 2.2 INCOME This starard list ofa¢cntIng a[Wj by the tharity except trthose No 'Nla". WhetÈ a drffÈrsrrt or has blen Ihts b&d8tsS&J in th8 LX L. R•eogrtitloN of Ineome These are Induded in the Stat8m8Trtof Fina1 ArthltiEs ISoFAl71w". . the charity to tho rwJrc85: . r( i8 mor8 likely than not thalthe IJu5tee5wII rEwe ttE rExKJf(Ys." arKI . thè rN)notsry valup Ln be 8uffic48nl rehabw. Grnnts and donatlons Grants and dcn8trons ar8 onty hdud8d in sOFAw WKXX) fwMIK)n trilwia ¥ mÈi15.10 to 5.12 FRS 102 SORPI In the se of [ErfOnance reLgted grants. Inowne rwst onty be reCowl to the extentthat the charity has prowded Ihe specrfi&d grKKls or sÉrvicts as entiiemént 10 the gTrt ocojts ¥then tr retj are met15.16 FRS 1tr2 SORPI. Legacl There is rn Wcy recew thring Ihi8 pwN>J. ND government grant wa$ tru5 WKXI. Tax rp¢l•lrn on dw•llow and s11ts Glft Aid receivable is included in inccfne there 15 8 V8hd dedarw frLxn fv (k)rw. Any Grft d smount recovered on 8 donaton is frns1el to ba vt of thatgrft 8TrJ is treaknj as an &Ydf& to thè same fund a8 Inal dOnan unless th)mrorthe Lemis the ap81 have otheise. This is rol a01cae There is ro donatgJ 9. Dorted swwres and faulrtw are Ie in SOFA althEvaluE oflhe yift lo the canty prOved th8 vaJe of Ihe grn c8n te measurwj DotTated see5 and rttylitS that a cOnsUrr as irKome %bith an uivalent amount reLy)gnised as an ey4)ense under the approwiate tadirwJ in Ihe SOF Support co•ts Thé charity has InfJJrTJ c£¢ts. Volunteer help The value ofany vduntsry heb receNgJ rnt wded in ttE xrAwnts txrt i%dÈscribed in the trusts&s' annu reL
Not applicable during Ih(s penfMI. and Legaoes 8ottl•ffl•nt of Imurance cllm Insurartè daims a only induded in the SOFA gwwal iThxTh rnitK rteria are met15.10 to 5.12 FRS 102 SORPI qnd afe iK4ud8d a5 8n item of ctsr inL£thg irs Ihe SOF Inv8tment gains and lo¥¥ Indudes any rpalifed or unrealised gal ork6ses on the s [Ves1M arKI 5 rgsumng frorn revahjing Inv8Stm8nts to ttthtvÉkJo erKJ oflhe 13 EXPENDITURE AMD LIABILITIES Uabljlty T¢1 Li8bilities are r8cognis8d Wr It18 rrrxe Iyth8n not ttwe is a ltyJg1 orcLWtsinth Ltyfy)n L¥)mrnitting the charity to pay out resourc8sand the anvxntoflhe can b& measurtsj TrAqth reasonable cartainty. Gov8rnAnce and PpOrt costs tnprtse all o)5ts invofvlng Pub aC£¥tty0fthe tharfty arKI $rKI pJod practice. Support costs Indje cèntsal hJn¢bw5 8TxS have been alIC to lty¢05t cslw8s on a basv& (X)n5iStentiwth the use cf resryjrces. eg alknc8tirKJ rKoperty c¥xts byffl(xx¥eas. or w ta. #a costs by b.rno SFenl Olher by Ihèiru•. Th8 Charfty 48 rM)t grant toanyL¥yan15ati Where there are no COn(SLs attachiw to want that enlIeS0Xts t•itylo rEali5ts( avcid ts cl)MrThtrf. a &ability forlhe full lundiry cl)11)n must be recrYjn. R•dundancy ¢t Deferred Ineott No material itèm ofdefwred inc¥Th has been Ind the acnI Cr•dltors Prtyvl•knns fw Il•blllll•s A Irability is measured on re(x)gnitm 8t ts hidorkl (xK%t ar1 Ihen sutwgrty nw$u1 Bas1¢ Ilmafv¢l•l l•stThmgnts Tho Crtorlty atr£nts forba5 financkgl th81rWn cn InMI81 reco3nfkn as FW 10.7 FRS 102 SORP. &Jts&]uent é& as p6r rJapS 11.17 to 11.19, FRS 102 SORP.
L4 ASSETS T¥nglble flxed assets for uge by charfty Th9$0 ato (apilised fan b¢ uw1 fr ar. amj c(st at lst They 8r8 ¥aluJ 81 ccL Intanglbl• Ilx•d Th8 chaiity h8s no intsngible fLKed 8S88ts. Ihat Mn)netsryas$s thatth) wt have phy&K21 substanc8 but are itlEntifb and aFe (ntr(Al by the charity IhrryJth a31 rights. Thg Th)sats rates and methots u8wJ 8r8dkthed n rK)tè 15 They are valued al cc6L The charity has no hitsg6 as88ts, that B. nOrtary assets hithric, astIC. SCi8Trtik. technolcgKal. geophyEKal or enwronnntal qualfts Ihat are Md aThY mlftiainl fftApdty for their (Jnthbutton to knowledg8 and cuthjre. ¢epwation rates mel$ ed as in note 16 is not during ts per¥NJ rfav8d4etlwwe vawl at (xt Investrnents Fyxed a5sel inves1n5 in quot8d share5. Ir&Je4J ixN¥J5 arwj 1rNeStme are 81 Inlwty at Cost and subswuenlly at falrvalu8 mark8t value) at the ygaretml. The san Ireatment rs applied tr) unlisied investrnts unles5 faVahjeIw)l be fivred reliaLty o$8 it i8 m8asured at cost kn iTrpalrrtEnL Inves1rTnts hej for T8sal8 or pendiryJ thew 5Jle osh Lwa iih a nthrtydat8 ofless 1 orre treaiod as tlaSSetnVeslrTts D•btorn D8btors (Irding tra(J8 ¥ebtOTS are rrw5urwl inibal rwnllon ai setllernent amunt after any trade discoun15 or adVad by Il chority. Sub5wuenty. I are mea5urod at the rA8h othar consration 8xperfwi 10 b8 receJ. The thanty has h&5 Invesnts fly resa or lhos01e and rAsh and L3sh equpialents with a matunty date than w. The tash cffj deKw)5itand osh equpialEnts with a maturty date of 4)ne >tar I10 PWfM)$0s r81h8r than ID et sh(Yttw tssh ttjmmrtmenis as Iheyf811 due. They are valu1 at fairv81u8 they wabfy as h7strwts. POUCIES ADOPTED ADDITIQIIAL TO OR DIFFEIIEIIT FROII THOSE ABOVE There 18 rKs any other OKie5 &yoed.
REDEEIAED CHRISTIAN CHURCH OF GODIRCCGI-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 Prlor y•ar Funds AMIys• Total Funds Funds Funds Fund8 Donatlons and l•ga¢lo$: Donath?ns and grfts- Tithes and Offering Interest IwJm8 Total 114.307. 114.307.50 102,686 93 102,779 114.307. 114.307.50 TOTAL INCQIAE 114.307.&) 114,307.50 102,779 Other inforniatlon: All In¢om• In the prfor year was unr•strfct• lTrcludlng the prlor y•ar,th•rt wa• no material Inv)me Item vAthln the ale that r•qylre dl¥closur• of Its natsr• 12
REDEEMED CHRISTLIN CHURCH OF GODtRCCGI_VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 Prior UnFBstrlcl8d Incorne ment Fund5 Funds Fund¥ Funds Funds Wodd Evangeli8m Wssion Fesuval of Life RCC&Central Office Honourarium Vvetfare Seminar51 CcrfererK8 & R8tr Sunday School Expenses Thanksgiving Pastor5 Salaries Minister Housir¥J A0MljafyC 2.4(K).¢x) 2.4(N).cii 250 00 1200.LK) 4,600.00 15.474.59 2.700.85 668.(YJ 2.400 00 10,2Th).00 15,450.00 55,343.44 2.400 1.21)0.00 4,fth.00 15.474.59 2.7.85 1,200 3.400 13,390 1.250 781 2.400.00 10.3)0.00 15.4S).00 $5,343.44 10,200 13,800 46,401 Prernises c05t1R Gifts & Donations ChAdreTr and 188nage d8rtment Repairs and maintenan Printing, Postagè and StalK¥ Insurdn Travel Expw58s Refreshrnenl and Entsrtainment Training & Security Adv8rt & M8dia EyFerths Depreciation Smart Pts1 15.882.) 4.450.00 3.255.00 1.710.89 15.882.00 4.450.00 3255.(XJ 1.710.89 294.TrJ 11,319 4.556 41 147 702 336 129 572 477 895 22.843 5.237_00 3)425 144.78 2.225.93 819.28 34.323.13 5,237.CKI 304.25 144.78 2,225.93 819.28 34.323.13 89,666.57 89,666.57 69.043 13
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED Note 5 Dotalls of ¢ortaAn Itèms ot expendlture 5.1 F8es for examination of the accounls Pl&ase provide ¢Jetails of the amount paid lor any statLrtory external s¢rutlny of accfjunts and otl)8r semces provided by your independent examiner. Ir nothing was paid ase gntw'(Y in the 8ppropriate boxlesl. GOVERMANCE COST FOR THE YEAR ENDED 31ST DECEMBER 2023 Th1$ Y•ar Last Y•ar Ind8pgnd6nt examin¥ fees 49).1)O 450 Assurance sthices other than audit or indernt exanlnation 890 Olhar fees Ifor ex8mpl&." finanual lvice. wnsuilancy. &)XI1 5eNeg5, etc.) paid lo the independart examiner 2.240.00 2.240 14
REDEEMED CHRISTIAN CHURGH OF GOOtriccGFVICTORY CENTRE NOTESTO THE ACCOUNTS CONTIUED FOR TNE VEAR ENDED 31ST DECEIIBER 2023 Note 6 TATholbl• flx•d a•ts Total I•1& ¢¢>mwrt•r &motor st bld oqulwrwrt vehidg5 Tot ryB7r At thB Wnn¥J Lrfts Jar 1.(XJ5.76 2.eix). 14.97th49 la..25 16.700 Add[ 1.349. At orth8 r •)0.00 15 819A• 18.6 D•pr•C1tb and IMpolrnMnt '6asis Lcfig Term Lease Motor Veh Fiur88 & F798 Offic• Equipment Com 25% Stra3ht L 25% ststyht Li 25% hlknn At Wh1vj crfthe ar 845A5 2,eD).fy) 13.340.75 1.841.99 15.182.74 16.788.11 2225.93 19.012.13 16,31Q 477 16.786 AtOrthr 1.229.39 2.#).(¥) sa N•t book1 Net tM)ok at tho t•glnnlng of IM Yr. Not book at thfr of tho I.31 37 1.629.74 636.75 1.820.05 943.12 8A Imp4rnwrt w MOPIE No de8cnpln oflhe evenl¥ cTrJrrot•K•Bth81 th• r reversal of an Impwnwt S R•v8luatlon An 8ccounling poky of rrAl•d iN• raxwrIE•. •if•¢l¥• dg1•rftr m•lu•kn E NIA th• Mm• ol Ind•ffi•Yv•kw, W•pFrt4•= WA tr• m•1 •pFW r WA e Oth•rdl•cloiuroB fj) PIB8 $tsitr th8 STrnt 01trtyd c£i. tha rltsry4• frA a880ts 8nd tho ¢81c rats WA •8s•IB= NIA 011 D8tsws ofthe and corNrvJ ofweFffj. pkntAThl tho ¢h*ltyh86 T8sIrL c¢lMt arn F4edg8d a8 rty1¢ lot4kn& 2 MIA
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 Notg 7 Credltors and accruals Please coMet this note rf the charity has any crthyltots or accwals. Amounts falling due Within More Than l Year 1 Ye8r Prior Year Amounts falling due Within More Than 1 Year 1 Year 7.1 Analysls of ¢r•dltorn Acwals and d8ferred income TBx81ion and 8OCAal security PAYEINIC Total 2.145.fx) 3,080 1145.00 3.080 7.2 D•l•rred Incom• Please compl818 this note if the Charty has deferred ino)me. Plea86 8xplaln thg reasons why inm• bs d8fèrrod. Movement In deferred Income a¢o)unt Th18 Year La•t Y•ar Bal8ncs al the Start ol tho reporung w*)d Amounts 8dded in current peric¥J Amounts released to incomg from prevlous perlc41$ 8al8nce 01 the end of the reports'ng pedc¥J THERE IS NO DEFERRED INCOME DURING ThIS PERIOD 16
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONnNUED FOR THE YEAR ENDED 31ST DECEMBER 2023 Notè 8 Pn>vlsions for IlabUltl•s and char9 Plè880 Q)fflptetg th15 riote rf you have induded in charity eXpIllure any provnh)n$. A provision is made vthèn the tharity has a liabilty of Urertain twiwrMJ or alTnt. 8.1 Plèg$0 provld•: - a brlef descption of any otAhJalKns on Ihe balanc sheet a1 the expected anN)unl and mlng of results.ro paymènts" - an kndkatkjn of the uncertalnttgs 8iKJUt tho amLwnt or tknirKJ ol those ¢xrtlhThs' and - an Indtallon of the Uncertain88 about th8 arIKnI or Urning of those ¢>jffi and - th8 amount of any expectod reimburseThnL stst1 tho annI of any asset that has b88n roc(yJnis•d for that $xk¢to(l 1mbUr$8nl. 8.2 Mov•m•nts In rncognl•d provl•lon• ar fundlng cammltm•nt durlnq th• p•rfod Th Y•ar La¥t Y•ar 8818na8 81 the start of the reportiTr3 rrfod Amount8 ¥ddèd In Current p8ri0(1 Amounts charg8(J agAln$t thg prowtsl kn th• ¢uffen¢ p8rl(J Unused artnIS reversed durfro the period Balance at the end of the reForts'ng perlcJ 8.3 For any funding c*)mmitmenl that Is not reo)gnised as a liabilty or pro8)n, provKlè dètsOIs of comnwlment made. the lim8 lrnm8 of that commitm8nt. any pwloml8net-rd&l ts)rKlllions and details of how the comrTknn8nl wll be fund•J (th contraca¥ for c4)Ital eypondtturo separately 8.4 w[8 unr88trld8d fund8 hava been d8stqn8tad to 8 fund COltMen( ple8se d18eJo8è th nalijre of any anY)unts desbgnaled and the kelY tlnlng of that expondWura. THE ABOVE NOTES 8.1 TO 8.4 ARE NOT APPUCABLE 17
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2023 Ilotè 10 Cash at bank and In hand Thi5 Y Last Yoar Savings ACLnt Cash at bank and on hand Total 123.781.08 3.444.24 127.225.32 101.197 3.686 104,882 19