2024-09-30-accounts - Rccg Victory Centre For All Nations, Lincoln

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Charity no 1147692

RCCG Victory Centre For All Nations, Lincoln

Annual Reports and Accounts

1st October 2023 to 30th September 2024

Prepared by DTT Consultancy Ltd

RCCG Victory Centre For All Nations, Lincoln

Administrative Information

Financial Statement for the year ended 30 Sept 2024

Registered Charity Number: 1147692

Pastor in Charge Pastor Vera Icheke Board of Trustees Pastor Samuel Okerenta Pastor Toyin Taiwo Dr Olufemi Akande Dr Akinjide Ashaye Pastor Noel Icheke

Registered Office: 13 Orchid Road Lincoln LN5 9XD

Independent Examiner: DTT Consultancy Ltd 36 Daffodil Close Hatfield Herts AL10 9FF

RCCG Victory Centre For All Nations, Lincoln

TRUSTEES' REPORTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

The Trustees present their annual report together with the financial statements of The RCCG Victory Centre For All Nations, The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under a Trust Deed dated 27th November 2020

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the parish pastor and volunteers.

e. RELATED PARTY RELATIONSHIPS

Victory Centre For All Nations, Lincoln is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

g. GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes.

The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

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RCCG Victory Centre For All Nations, Lincoln

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

The advancement of the Christian faith worldwide in accordance ith the doctines set out in the statement of contained in the schedule.
The relief of poverty.

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission’s general guidance on public

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

organisation of seminars and events to address issues of relevance to the relief of poverty and provision of care and support for the needy as appropriate;
planting of churches; and
support for other charities and events with similar objectives.
social action initiatives in the community

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

Sunday service
Sunday school for all ages of children
Weekly night Bible Studies and house fellowships at various centres

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office

e. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in bank. Any change in such banking should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will be conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted verbally or in writing, and can be formal or informal.

Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made.

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RCCG Victory Centre For All Nations, Lincoln

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

The church undertook the following activities:

Feeding those in need in the community.
Planting a new church
Ministering to children and keeping them busy with activities for one week of their holidays
Providing Personal hygiene items to the community through our Hygeine bank programme.
Ongoing weekly food share to the community
Provision of transportation to and from place of worship for disadvantaged members of the community.
Jointly organising seminars with other charities on effective parenting strategies and
techniques for members of the community.
Engaging faith community members in sporting activities eg football matches.
Setting up of housing committee to assist members of the community who are stranded to source living spaces.

FINANCIAL REVIEW

Members of the church have been generous this year. The statement of the financial activities shows net asset stand at £ 146,625 against the last year amount of £125,864.

RESERVES POLICY

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the

PRINCIPAL FUNDING

This is provided mainly through voluntary tithes and offerings by the church members.

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RCCG Victory Centre For All Nations, Lincoln TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30TH SEPTEMBER 2024

PLANS FOR THE FUTURE

FUTURE DEVELOPMENTS

Sort accommodation where we teach teens the morals of the society to ensure they do no go into anything negative
Continue with our hygiene bank and food supply to the needy.
Continue support for accommodation.
More trainings on Parenting in the UK for people from overseas.
Managing stress for adults, Coping with peer pressure for youths.
Skills training for the unemployed.
Employability skills training for the unemployed.
We’re looking at acquiring Portakabins to start soup kitchen to assist the disadvantaged in the community.
We’re looking at setting up musical instruments training classes to help interested members of the community develop their innate skills.
We are setting out plans to start up faith centres in nearby towns of Gainsborough and Newark.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgments and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and

explained in the financial statements.

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 20th June 2025 and signed on their behalf, by:

…………………………………………………..

Pastor Samuel Okerenta

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RCCG Victory Centre For All Nations, Lincoln

INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2024

I report on the financial statements of RCCG Victory Centre For All nations for the year ended 30 September

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(i) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting of the Act have not been met; or
(ii) to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.

........................................................... Tunji Ogedengbe 20th June 2025 36 Daffodil Close Hatfield AL10 9FF

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RCCG	RCCG Victory Centre For All Nations, Lincoln	RCCG Victory Centre For All Nations, Lincoln	RCCG Victory Centre For All Nations, Lincoln	RCCG Victory Centre For All Nations, Lincoln	RCCG Victory Centre For All Nations, Lincoln
	Annual Accountsforthe period
	Period start date	1st Oct 2023	To	Period end date	30th Sept 2024

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Gift received/ receivable S03 Incoming resources from S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total incoming resources* *Total resources expended* Total funds brought forward *Total funds carried forward* *Net incoming/(outgoing) resources before* *transfers* Gross transfers between funds *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Other recognised gains/(losses) Prior Year Adjustment Gains and losses on investment assets *Net movement in funds*		Unrestricted funds Restricted income funds Endowment funds 2024 2023 £ £ £ £ £ F01 F02 F03 F04 F04
		-	-	-	-	-
		166,650	-	-	166,650	145,285
		-	-	-	-	-
		18,000	-	-	18,000	15,000
		-	-	-	-	-
		-	-	-	-	-
		184,650	-	-	184,650	160,285

		-	-	-	-	-
		124,335	-	-	124,335	125,065
		-	-	-	-	-
		-	-	-	-	-
		36,303	-	-	36,303	18,270
		-	-	-	-	-
		-	-	-	-	-
		160,639	-	-	160,639	143,335
		24,012	-	-	24,012	16,951
		-	-	-	-	-
		24,012	-	-	24,012	16,951

		3,251 -	-	-	3,251 -	-
		-	-	-	-	-
		20,760	-	-	20,760	16,951
		125,864	-	-	125,864	108,914
		146,625	-	-	146,625	125,864

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RCCG Victory Centre Lincoln	RCCG Victory Centre Lincoln	RCCG Victory Centre Lincoln	RCCG Victory Centre Lincoln	RCCG Victory Centre Lincoln	RCCG Victory Centre Lincoln	RCCG Victory Centre Lincoln
Section B Balance sheet		as at 30th september 2024
Fixed assets Tangible assets (Note 9) Investments (Note 10) *Total fixed assets* Current assets Stock and work in progress Debtors (Note 11) (Short term) investments Cash at bank and in hand *Total current assets* Creditors: amounts falling due within one year (Note 12) *Net current assets/(liabilities)* *Total assets less current liabilities* Creditors: amounts falling due after one year (Note 13) Provisions for liabilities and charges *Net assets* Funds of the Charity Unrestricted funds Restricted income funds (Note 14) Endowment funds(Note 15) *Total funds* Signed by	No B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20	Unrestricted Restricted Endowment 2024 2023 £ £ £ £ £ F01 F02 F03 F04 F04
		217,783	-	-	217,783	213,217
		-	-	-	-	-
		-	-	-	-	-
		217,783	-	-	217,783	213,217

		-	-	-	-	-
		33,000	-	-	33,000	15,000
			-	-	-	-
		40,830	-	-	40,830	41,958
		73,830	-	-	73,830	56,958

		400	-	-	400	300

		73,430	-	-	73,430	56,658

		291,213	-	-	291,213	269,875

		144,587	-	-	144,587	144,011
		-	-	-	-	-

		146,625	-	-	146,625	125,864

		146,625			146,625	125,864
					-	-
			-		-	-
				-	-	-

		146,625	-	-	146,625	125,864
		Date of Signature Print Name
				Pastor Samuel Okerenta		20-Jun-25

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RCCG Victory Centre Lincoln

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with* a Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

Not applicable

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RCCG Victory Centre Lincoln

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when: resources · the charity becomes entitled to the resources; · the trustees are virtually certain they will receive the resources; and · the monetary value can be measured with sufficient reliability. Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income) related expenditure the incoming resources and related expenditure are reported gross in the SoFA. Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to and gifts which they relate. Contractual income and This is only included in the SoFA once the related goods or services have been delivered. performance related grants Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the Gifts in kind amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. Donated services and These are only included in incoming resources (with an equivalent amount in resources facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and material . The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help trustees’ annual report. Investment income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without These are only recognised in the accounts when a commitment has been made and there are performance conditions no conditions to be met relating to the grant which remain in the control of the charity. Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

ASSETS

ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

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Section C Notes to the accounts (cont)

RCCG Victory Centre Lincoln

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	2024 2023 £ £	2024 2023 £ £
Tithes	166,650	145,285
Gift aid	-	-
Gift aid receivable	18,000	15,000
Total	184,650	160,285

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

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RCCG Victory Centre Lincoln

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

	Analysis	2024	2023
		£	£
Costs of generating voluntary income	Motor Vehicle	15,023	9,947
	Printing & stationary	3,173	5,086
	Choir	2,779	72
	Repairs &Maintainance	926	12,986
	Building	8,480	8,688
	Travel	4,528	6,398
	Administration	6,327	2,910
	Pastors allowance	11,010	6,644
	Honourarium	2,400	4,880
	Rent (Portakabin)	288	641
	Telephone/Internet	1,266	1,125
	Hospitality	8,566	13,352
	Thanksgiving	6,008	-
	Volunteer	950	-
	IndependentExamination	400	300
	Training	355	2,531
	Children&Youth	450	850
	Publicity/multimedia	60	392
	Office equipment	7,596	9,805
	Utility	8,888	8,706
	Insurance	6,039	6,352
	Legal&Professional Fees	550	450
	Website	518	280
	Coviditems	-	3,572
	WasteDisposal& Cleaning	3,532	1,555
	Other	-	1,300
	Depreciation	9,434	5,934
	MortgageInterest	13,783	9,200
	Bankcharges	1,008	1,112
	Total	124,335	125,065
Investment management costs Charitable activities Governance costs Fundraising trading costs

		-	-
		-	-
		-	-
		-	-
	Total	-	-



		-	-
	Total	-	-

	Charitable Donations	957	1,570
	WEM	17,793	6,911
	New Chruch Support	230	-
	Central Office	600	1,090
	Conference/Outreach	1,703	2,804
	Welfare	8,644	5,145
	Foodbank	4,674	-
	RCCG Area contribution	200	-
	Evangelism	1,502	750
	Total	36,303	18,270

		-	-
		-	-
		-	-
	Total	-	-

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RCCG Victory Centre Lincoln

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses

Nature of the expenses

Total amount paid

This year	Last year


£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

*appropriate box(es).*
Independent examiner’s or auditors' fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor	This year £	Last year £
	300	300

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RCCG Victory Centre Lincoln

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Freehold land & buildings £	Other land & buildings ( Portakabin) £	Plant, machinery and motor vehicles £	Musical Equipment £	Equipment £	Total £
200,000	9,684	8,650	5,400	-	223,734
-	10,500	3,500		-	14,000
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
200,000	20,184	12,150	5,400	-	237,734
-	4,842	4,326	1,350	-	10,518
-	5,046	3,038	1,350	-	9,434
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	9,888	7,364	2,700	-	19,952

200,000	4,842	4,324	4,050	-	213,216
200,000	10,296	4,787	2,700	-	217,783

9.4 Revaluation If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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RCCG Victory Centre Lincoln

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
33,000	15,000	-	-
33,000	15,000	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Mortgage Accruals and deferred income Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	-	-	-	-
			144,587	144,011
	400	300
	400	300	144,587	144,011

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

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