REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] VICTORY CENTRE Charity REG.No:1140310 TRUSTEES. REPORT AND ACCO THE YEAR ENDED 31ST DECEMB NTS FOR R 2024 MOSES-BOLE&CO CHARTERED CERTIFIED FORENSIC ACCOUNTA CERTIFIED PUBLIC ACCOUNTANTS I TAX ADVIS & BUSINESS CHARTERED MANAGEMENT CONS TS RS LTANTS
THE REDEEMED CHRISTIAN CHURCH OF GOD [RCCG] VICTORY CENTRE CONTENT Legal and Admlnlstrative Infom)ation Trustse8' Report 24 Independent Examlner's Report to tho Trust Slatemènt of Flnanclal Actlvlltes Balan¢• sht Nots8 forn)Ing part of the Flnanclal Statement 8t017
REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] VICTORY CENTRE LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E. ADEBOYE Trustees: Mr Tony Gunn Mr Emmanuel Ehibatiomhan Ms Winnie Magambo4asana 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 MoSESOLE &CO CHARTERED CERTIFIED FORENSIC ACCOI CERTIFIED PUBLIC ACCOUNTANTS l Tx ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS) 39 SAINTS BRELADES COURT BALMES ROAD LONDON M1 STW Accountants
TRUSTEES YEAR END REPORT 2023 REDEEMED CHRISTIAN CHURCH OF GOD- VICTORY CENTRE PARISH OXFORD Victory Centre, Oxford. is a famity church and open to all members of the communty. Mission Statsment The Mission of Wictory Centre, Oxford, is to reach out to the mmunty to share and demonstrate Ws love for all humanity. Charity status Vlctory Centre. Oxford Is a tharity organisation conslrtuted under a Trust Deed dated 14 December 2006 Charity number: 1140310 and is on the ntral register of the Charity Commission of England and Wales. ObJeetiv• The principal objective oflhls Charity is to advan the Chrislian failh worldwide and to reach out to the pcor and needy. Acthiltlos overthe year 2023 The year 2023 brought with it good progress. The Church has fully embraced a hybrid approach to fellowship by hoslÈng events onsite and broadcasting ti via s¢xJal medla. Thmugh its teams of volunteeT5, the Charity organised actiwties. events, and meetings to promote its owtives. The Charlty mainlairied Fts weekly worshlp activrtles to engage its members. The Charity runs iwo Sunday Moming worship services to meet the needs of its part5hioners. The Church Sunday service membership, on average, has been belween 100-150 members wtth a hh perntage of youth and thildren. • Weekly Sunday Children's Chur¢h has been hdd throUght the year in the evenings, with growing numbers of children attending. Weekly midweek bible study and prayer meetFngs have been held throughout the year. with an average attendance of 25 pety. The Charity reached out to of its parishioners. who needed financial help. due to b loss and health concems by providing them with a monthly stipend. The Charity reached out to the Community Emergency FcKMYbank (CEF) and, followng an Snitial donatvjn of fj items, o)nlinued to support thé Chartty bi- monthly. The Charity supported other charities in fvndraising efforts. Othèr outrear*J activities in the o)mmunty induded= • Pastoral outr6ach to the sick In hospital Pastoral outreach to those in need within the thurch community Evangelism Outreath and support to the student c#Jmmunty within Oxftjrd
Risk Managomonl The Trustees hav8 conducted a review of the Sign[Fnt risks to the Charity. The ri%k regisler identifies the nature of these risks. their likelihocKI and the measure$ taken lo manage them. The Trustees revlew the risk register at their meetings and are satisfied that there a safe systems in place to manwJe the risks that have been idenllfied. The finances of th9 Charity are a150 kept under review. and has grown in the tast year giving the thurch Ihe ability trj plan for capital projects. Procedures have been put in place lo ensu cornpliance with the health and safety of members of stsff. volunteern. and visitors to the Charity. Plans for the Futuro The Charity continu8S to explore ways of fijrthering its charitable objectives effectively by ensuring awareness of its services. The Charity seeks to provhle services and actIveS that meet the needs of peopl8 in the community. These adivtties provide a posltive change in the moral and spirttual climate of the MMunIty, which reflects the Charity's Christian ethos and beliefs. Governance Victory Centre. Oxford has a B08nJ of Trustees comprising four {4) church members that Oversee the running of the Chartty. The Twstees meet bi-annually with the Pastor and the Head of the vdunleer5 to address any g)vemance issues and review the Charitys financial status and MMitments. Leadershlp Stru¢lure Each department within the Church has a head of dePartrnt. All heads of departsnents ar8 overseen by the Head of Volunteers. vhK) reports to the Pastor. The Pastor is th8 overall leader of the Church. Quarterly meetlngs were held throughout th8 year for the heads of department. Head of volunteers and tho Pastorto plan and discuss the operation athtli88 of the Churth and any $P8cial programmes. Departmenls within the Church are: Children's Church Youth Ministy Men's Ministy Ladles Ministy Choir & Worship Team Hospitaltty Team Te(*nical Team Evangelism Ministy Follt)w-up Team Pastor of Vlctory Centr4 Oxford: Pastor Emrnanuel Oyedoh
Charfty Trustees: Trustee Signature Mr Tony Gunn Mrs Winnie Nant8za Gasana Secretsry Dr Olusola AkinroLqbu Mr Emmanuel Ehibhatiomhan
MOSES BOLE&CO INDEPENDENT EXAMINER'S REPORTTO THETRUSTEES REDEEMED ISTIAN CHURCH OF GOD- CTORY RE I report on the accounts of the charity for the year ended 311W December 2024. which are Set out below and notes to the financial statements on pages 7 to 17 Respective Responslbilities of Trustees and Examiners As the Charit¢s Trustees. you are responsible for the preparation of the accounts; you consider that an audrc is not required for this year (under section 144(21 of the Charity Art 2011lthe 2011 Act) and that an independent examination is needed. It is my responsibility to Examine the account {under sertion 145 of the Attl. follow the procedures laid down in the General Dirertions given by the Charity: Commission (under sertion 145{51 {b) of the 2011 Act and State whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was conducted in accordance with the general directions provided by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideratlon of any unusual items or disclosures in the accounts and seeking explanations from you as the Trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. Consequently. no opinion is given as to whether the accounts present a "true and falr 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 has come to my attention:_ l) Which Bives me reasonable cause to believe that, in any material respect, the requirements To keep accounting records in accordance with section 130 of the 2011 Act; To prepare accounts which accord with the accounting records and to comply with the accounting 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 Igunnubole, BA (HONSJ FAI4 FCPA FF4 FIP4 FfA FIC CPFA.. Managing Partner MOSES-BOLE&CO DATE.. 2025 +44 7584D7 5572. T: +44 020 7
REDEEMED CHRISTIAN ¢HUR¢H OF G¢)DtR¢CGI.VICTORY CENTRE STATEMEP OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEAIBER 2024 Prior year Funds Note Unrestncted inccrfne ErKlcNrnent Funds Funds Funds Total Funds In¢omlng I•Ure•¥ Income and endowments from: Donations and legleS Tolal 110.629.18 110.629.18 110,629.18 110,629.18 114,308 114,308 RMourc•s •xp•nd•d xp•ndltur• oni Direct Cost Support Cost Governance Cost 49.147.22 34,568.24 2.335. 49,147.22 34,568.24 2,33S.00 55.343 34.323 2.240 Total 88,050.48 86.050.46 91.907 Other gainsl{1088esl N•t mov•m•nt In fund• 24.578.72 24,578.72 22.401 R•conclllatlon ol fund•1 Totsl fvnds brought forward 126,Iy23 44 126,023.44 103,623 Total funds carrled fobwavd 150,602.16 150.602.16 126,023
REDEEMED CHRISTIAN CHURCH OF GOD(RcCQFVRYcETrÉ BALANCE 8HEET ASAT 318T DE¢EhlBER 2023 Restrithd Not•$ Unrestricted Endovnnonl Funds Fur Funds Tolal Last Totsl Funds Flx•d 4ss•tS Tangible assets Totsl fixed a88ets 943.12 943.12 943.12 943.12 1.820 1,820 Current ass•ts Cash at bank and in hd Totsl current a88ets 10 127,225.32 127,22S.32 127,225.32 127 225.32 CreditDr3'. amourts falling d wlthin one year 2.145.1 2.145.00 Net current assetsllltajilfties) 125 080.32 12 080.32 Totsl assets less ¢UTTent liablltties 126.023.44 126 023.44 Creditors.. amounts falllng due after one year Provisions for liabilit* Total nel assets ¢X li&ilitie8 126.023.44 126 023.44 103622 Fund$ ofth• Charlty Unrestricted funds Total funds 126.023.44 126 023.44 126.023.44 126 023A4 103,622 103.622 Signed by one or t1 trustees on behalfof all the trust Dale of appn)vd.. Slgnature.. Print Name.. tsJifiJiF¢frO NAfrJTtLA 4ASftpuPf .
REDEEMED CHRISTIAN CHURCH OF GOOIRCCG].VICTORY CEPMIE STATEMEpir OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 Prior year Funds Note Unrestri¢Xed incc¥r* Endchvme Funds Fur Total Funds R•Gomrn•nd•d ¢•t•gorfw by actlvlty Incomlng I•Ure•l Income and endowments from: Donations and legac Total 110,S29 18 110,629 18 110.829 18 110,629.18 114,308 114,308 Ixp•ndltur• on: Direct Cost Support Cost Govemance C08t 49,147 22 34,568.24 2,335.(Kl 49,147.22 34,568.24 2,335.(M) 55,343 34.323 2,240 Total 88.050.46 86.050.46 91,907 Other gains11105) N•t mov•m•nt In lund• 24.678.72 24.678.72 22,401 R•¢onlIatIOn of fi•nd•i Totsl furbjs brought fonvard 128,023.44 126,023.44 103,623 Total fund8 carrlod lorw8rd 150.602.16 150,802.16 126.023
REDEEIAED CHRISTIAN CHURCH OF GODtRCCGJ.VICTORY cElRE BALANCE SHEET AS AT 31ST DECEMBER 2024 N¢)ts8 Unrestricted income ErKk>My Tcrtal Funds Funds Funds Funds Last Year Flxed assets Tangible assets Total fixed as8ets 2.235 41 2235.41 2.235 41 2,235.41 CurrMt ag8ets Cash at bank and in haTh Total CLFrrent asse1¥ 150.6[ 75 150.606.75 150.608.75 150,606.75 127.225 127,225 Creditors.. amunts f811ing duo within one year 2.240.00 2.240.00 2.145 Net Gurrenl a8$etsllli8brlit¥) 148,366.75 148.366.75 125,080 Tot81 assets le88 Current liabilbti88 150,602.16 150,602.16 126,023 Total net assets or li•bilÈUe8 160.602.16 180,602.16 126,023 Fund• of th• Charlty Unresln¢led funds Total funds 150,602.16 160.602.16 150,602 16 180,602.16 126,023 128,023 Signgd by one or tsvo trustees on bthatl rrf all the tru8teg6.' Signature.. Date of approval.. PrSnl Name..
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Not• l Basls of prnparatlon 1.1 Basls ol accountlng These accounts have been prepared under the historiel e05t convent]on vthh itwns recJnI$ed at cost or transion Vall unless otheThMse ststed in the relevant notets) to these accounts. The acccwnls have been prepared in accordance wrth the Financial Reporb"ng Standard applicable in the UK and Republic of Inland IFRS102} issued on 16 July 2014 and wth the Charities Act 2011 and the Chanty constrtutes a publK as definèj by FRS102. 1.2 Golng concorn Considerlng the stead of Incomlng rnsotsrces andMWnb* number the Charlty Is a golng concem wlth no any known unforeseen c1M$t8nee 1.3 Chang• of OtIng policy The a¢counls psent a true and fair view and the &counting pclicies adcyted are those oudined in the note bwth no change in p)li 1.4 Changos to a¢countlng •stlmatOS No changes to XLounting estimates have ¢xturred in the rwbng peric%1 {3.46 FRS 1(r2 SORP}. 1.5 Matèrial prlor y•8r •vrorn No material prior year error hav8 been identrfied in Ihe rerx)rbr¥J peri (3.47 FRS 102 SORP}.
REDEEMED CHRISTIAN CHURCH OF GODtRCCGJ-VICTORY CENTrE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 Note 2 A¢¢ountlng pollcles 2.1 RECONCILIATION MTH PREVIOUS GENERALLY ACCEPTED ACCOUPfflNG PRACTICE There is no change in aixounting poliy in this Feric1 2.2 INCOME This standard Iisl of auntyj has L8n typJ by ts tharity excetrtforthose lthd No or 'Nl4" Where a drfferent or additional has been ajopted than thK% is (tsibJ in the box beknv. Rocognltl•)n of In¢om• are included in the Statement of Financaal A(vTtEs ISOFAI vknen". . the tharrty b8cornes to the soUr{w", . f(15 more likely tt)an notlhatlhe tru51ees 11 I thè réswros." and . thè Mo4ry valt can bè moasuréd Tmth sufficaent relk"lty. Offsalllng Therè has been no off5etbr4J of assets lthiliw or irc aThJ expense5. Grants gnd donatlob Grants and donab.ons are only induded in tha SOFA the gerwal inc rnon critwia are met15.10 to S.12 FRS 102 SORPI. In the case of perfom)ano relat&Y grants, inccnè mJ5t be rniSed to ts extent thatthe charity h85 prod tre goots or 5ervkXS as enti11 lo thè gtsnt onty ccojrs the perf0rnan lated ¢ondib"cms are met15.18 FRS 102 SORP}. There is no legacy duriNJ thts No govemmant grantw88 r1Ve1 duriTrJ this Tax r8clalm• on donatlons and •llts Gift Aid reNab is Indu in incryre wten the is a valwj ¢J8daTrtion from Ihe donrx. Any Grft d amount récovered on a donatwjn E (t¥Wje tr> be part of that grft and is treated as an addition to the same fund as the inthal donation unkn the donOr Il tèrms of the ap81 have spwfied Othe$. This is not appli(¥b l)onaled goods ThpAe is no donated gor>d. DOmt $•Y¥iG•S and facilitles Donated servi$ and farilib.es a includ8d in ts SOFA wlEn atthe Val ofthe "ttl0 thè chanty provwjed the value of tre gfft w be rrSUred rèlAbty. Donated se and faolms that are (X)rUrned tmm&Yiatety a rwnised as Inco wth an equivalent amoullt recognised a3 an undertr* appropriate heajiro in the SOF Support ¢osts The charity has Inr[l eybyiture on yjpwrt costs. Voluntaer holp The value of any voluntary help re¢dv&l is not in the 3nts tyjt 1$ in the tru8tee5' annual reFhYt.
Not appb.thle during this peric¥J. from m•mber•hlp ub•¢rlpU•Th• Tithes and oiferiryJ frcffl the nRrtrs are in thè naknp rfa gfft are rwniwj as Dort8tions. aTrY Legaaes S•ttlom•nt of In•wanee clain Insuran daims are only included in tha SOFA the gera1 incryne reciNJnfoon ¢JrtèTia are mèt15.10 to 5.12 FRS 102 SORP) arKI a ind4J as an item ofothw in the SOFA Inv•$tmont 9alns loss Thls indudes any wltsed or unrealised gairts or k)8se5 on Ihe Sa of in¥estrnents and any gain k)ss resulting from revaluing invesknents tt) market value atthe end of the yèar. 2.3 EXPENDfTURE AND LIABILITIES Liablllty recognlllon abile$ ara regnised where it is [re Iikety than not that ther8 a 1gJaJ l)StrUth c4)FvJation cA)mmittsng the charty to pay out resr aThJ the aryKJurrt ofthe Obligati ran te nasU wrth reasonable certainty. Govornan¢• and upport costs Support (X)5ts have been alloG3bJ be go¥nan costs and othergJpFyL Govenance Lyjsts comprise all (x)3ts involving wblic ac0)unI' ty Oft charity arKJ ts 0xnpl1a wuLqtKXL and pracb Support costs Ind16 ¢%ntral fiJn¢XK)ns and have been allrKabJ to a¢vity cct ¢8tegws on a basis consistent thè use ol r¢e5, eg allctab"rKJ proFerty ojsts ty fioorareas, or pwwrta, gtaff eosts by thtr time spent and other wsts by thèir wge. The Charty 1$ rt a%%8rding grant to any otgani5abon Orants payabJ• wlthout perforni•nc• condlllo Whère there are no coThJi1sons attachirrtJ to the grant that enabks thè dr chanty lo realisticalty vohl thè c£mmrtm•nL a Irdbilrty for full ftJThJirYJ (llthn mustbe Ined. Redundgn¢y cost The tharity made no r8duTrJancy ptyyrwts duriTrJ the repytirYJ Defernd Incom• No matsiial item ofdeferred irvJyrE has teen in a¢y)xyts. Creditors Prov1814)n$ for 11obilities A liability Is measured on recognit at 6ts hi%ton"cal rA>St aTrJ then subwLnty at th& best estimate ofthe amount requir&J to setde the 1g"On at the rbr9 dale Basic Ilnanclal Instrumebrts The charity accounts for bas finanoal in8trunnts on inbti.al rwnilion as w paragraph 10.7 FRS 102 SORP. measurrnt i8 as per paragrath 11.17 to 11.19, FRS 102 SORP.
2.4 ASSETS Tangible Ilx•d ass•ts for use by ¢harity Thes& arè talISed ifthèy can te Vsed for rrbNe than artl ¢))st at They are valued at cost The depreoation fdtes aNJ rnethc¥J3 uwj are drscacÉ8d in Th)te 14. Intsngibl• fixed assets The chanty has no intang.ble fixed assets, Ihat i8, ntyHnonetsry assets that do not have phy%cal substsnTr but are Kjerbtifiable and a control by ts charity through ¢xistcty or Wl rights. Ttr arnortisation ratas and methcds us&g are disclosed in note 15 Thèy are valued at cl H•rftago assets The charity has no heritage assets, that rs. rwJFrnonetary assets hLStoric. artistrc, swty.fi technological. geophysical or environmentsl qU[be$ that a hekj aTrJ rnaintsineij prinopally their eontn'bution to n0edge culturè. The depreciab.on rates aTrJ rTEth¢yJs used as disclc6al in note 16 is not applicable during this period but if avaiW)le tY are valLd at ¢))st Investments Fix¢d asset invesknnts in quoted shar8s. IrJed boTrJs arnl swnilw inv&thents alp valuwj at in1blY at cost and SubSUentY * fair value (their market value) at thè year end. The same trEatht is appld to unlisted invèstsnents frdir value cannot be ryvsured In whth case rt measurèd at cost $5 A7)pairrrwt. Invesbnents heid for rèsale or pending IhÈir Sa and cash arnl cash equlvants wrth a malurity date of less tran 1 year are tred as tsjrrent &sei invesbnetts Debtors Debtors {indudiNJ trade dèbtors aThl bans receabl are rneasu on inibal rwnthon at Settrnent amount aftèr any trade di8c(xJnts or amount advanrAY by th2 ¢arity. Subsequenty, they are measured at the cash or other consthrnb.on e¥¥ected to t reCeNl. Currert asset inv•5tmonts The charity has has Investsnents %thid) rt hotds resale or rHYiwJ Ih*r sale cash and cash equivalents witt) a maturty date less than one year. These sndude cash on depw"t and cash equivalents wth a n[ty dat& of less than one JEar hebj for mvestrmrt wrposes ratherthan trj rneet short temi cash Commitrnents as they fall due. They are vald at fair vaue except %ther• Ilw qualty as "C financial inthments. POLICIES ADOPTED ADDITIONAL TO OR DIFFEIIENT FROIIJ THOSE ABOVE TheTe is no any other policaes adoptey li
REDEEMELI CHRISTIAN CHURCH OF GODtRCCG].VICTORY CEiifRE PIOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 Not• 3 Prior Analysis Unrnstrl¢ income Funds Funds Endo Funds Totsl Funds year Funds Donations and legac1. Donations and gffts- Tthes and Offering Interest Income Total 108.627 32 2,001 86 110.629.18 108,627.32 2,CQ1.86 110,629.18 114,308 114,308 TOTAL INCOME 110,629.18 110.629.18 114.308 Oth•r inforniation: 11 Ineom• in th• prlof y•ar was unr•strkted. Thor• was no any ondowmont fund c•nv•rt•d Into Incom• In th• r•portlng p•rl¢xl. Inelydinq th• prlor y•ar,th•r• was no mat•rlal Income items wllhln the abovo that r•qulr• disclosuro of its natur• and amount. 12
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]_VICTORY CENTRE NOTES TO THE ACCOUNTS Icofr¥fiNUEDI FOR THE YEAR ENDEO 31ST DECEMBER 2024 Note 4 Analysis of •xp•nditsr• Re5cted end<) UnrnstrlC Income ment Funds Fund Funds prtor Analysls of •xpendliur• Total Funds Funds DIRECT COST World Ev8n9elism Missknn Fèstival of Lrfe RCCG-Central Offi HorTarIUM Welfare Seminarsl Conference & Retreats Sunday sthl Expenses Music Expenses Thanksgiving Pastors Salaries Minister Housing AmOdatiOn 2,41Y) (KI 2,4. 2,400 250 1,200 4.600 15,475 2,701 12lXJ IX) 2.050. 6.867. 3.758.( 403.rKI 1,219.22 2.4CQ. 11.0}.1) 17,81X).00 49.147.22 1.200.C 1050. 6,867.tKI 3,758. 403.00 1.219.22 2,400 Tr) 11,050.C 17.800.00 49.147.22 2,41X) 10.2CM) 15.450 55,343 SUPPORT COST Premises costent Gifts & Donations Children and teenage departmerrt Rgp8irs and maintenance Printing. Postage and Stsb"onary Electriaty & Gas Insurancè Tr8vel ExpereS Refreshment Entertainment Training & Seojrity Advert & Media Expenses Depreciatic¥) Smart Pension 17,433. 1,410. 3,668.17 545.76 311. 118.IKI 359 02 421.08 8.20.00 215.40 155.88 942 69 8.24 34,8.24 17.433 Th) 1.410.( 3,668.17 15,882 4,450 3,255 1,711 294 311.00 118.00 359.02 421.08 8.020.00 215.40 155.88 942 69 .24 34,568.24 5.237 304 145 2.226 819 34,323 TOTAL EXPEMDITURE 83,715.46 83.71S.46 89,667 13
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 Noto S D•tall$ ol certaln It•mg of exp•ndituY• 5.1 Fees for examinatk)n of the Unts Please provide details of the amount paKI for any statutory extemal scrLrtiny of accounts and other services provided by yOLtr inderendent examtner. If nothing was paid please enter'o, in the appropriatè boxles). GOVERNANCE COST This Y•ar Last Year Independent examinerfs fees 450.00 450 Assuran $ervices other than audit or independent examination 985.00 Other fees (for example". financial advts. consultancy. acojuntsncy services. elc.). 2,335.00 2.240
REDEEMED CHRISTIAN CHURCH OF GODtRCCG].vfcTORY CENTRE NOTES TO THE AG¢OUNTS I¢ONTINUEDI FOR THE YEAR ENDED 31ST DECEMBER 2024 Note 6 Tanglble Ilxed assets Fehold mhlery Fixture6. nd& CffjuiÈr &motor fidI"nl bulldlng• ¥ohi¢18• oquipment Totol Lasi Year Tolal At the beginniTrJ of the year 1.$35.76 2,fl)O.(Kl 15.819.49 19,955.25 18, itv)ns 2.234 98 2.234 98 1.349 At end of the year 3.TIO.74 1000.00 15m9.49 2Z,190.23 19.955 6.2 Depwtion and impairn%nts "Basis Long Temi Lea$ehokl ProF¢rty Molorvehi Fixtijres & Fithngs Offic8 Equitfflenl Computer Equipment 2% 25% Stra3ht Line Stravjht Str?hl tine ht ne ' Raie 25% Al inning of the year Dapreckqtion for the year At and of th• y8ar 1.229.39 942.69 2.172.08 2.E.co 15,182.74 19,012.13 942.69 19,954.82 16,788 2,226 19,012 2.6(XJ.00 15.182.74 6J Net book valu? Net book value at the beginning of the Yr. Net book value at the Ènd ol the year 3.37 1,598.66 636.75 636.75 943.12 2335A1 1,820 943 6A NOME No d95CnPtron of lh8 8V8nts and arcwnslarKss that tpjj lo tr* rec¢gntlbw or reversal of an ryawn10$S 6.5 Rovsluation An accounting OiLry of rèvaluatp)n 15 adopt&J thJfftJ Ihrs acojuthd p8ric#J.. the effedive date of the rev8ly8ty.on 4 NIA the name of indeFendent valuer, rf oppIKable- WA the appl and wn"fftant awMpts0= WA the ¢arying 8mount thatwoukl have teen rery)gnwJ had thE as8ets bEen ¢xrt¢d undErthe cost model. 6.6 Other diselosurns lil Hease state the amount of b¢wrwn9 costs. rfany. r•alEed in th¢ ca)n¥trythn of tsThJible xeo assets Ihe ¢3MalEatK)11 r8t8 US8d= NIA lill Pse wov>ae the arwjrrt ofCOrth8l ccfflrtrn8ntsfor the ac4W5thn of langible 8s8ets- WA lili) Detsrfs of the ex3sten and can9 arrounts of property. pL7nt and to Ihe cknarty has restrtcted tst or that a as Snty for 1k1"1$= NIA 15
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 Note 7 Cr•dltors and accruals Please complete this note rf the charity has any credil(Ks or accruals. Amounts falling due Within More Than 1 Year 1 Year Prior Year Amounts falling due Within More Than 1 Year 1 Year 7.1 Analysls of creditors Accruals Total 2.240.00 2,240.00 2,145 2,145 THERE IS NO DEFERRED INCOME DURING THIS PERIOD 16
REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-VICTORY CENTRE NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024 Note 8 Cash at bank and In hand Th18 Year Last Year Savings Account Cash at bank and ¢Jn hand Totsl 147.201 94 3,404.81 150.606.75 123.781 127,225 17