THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS ASSEMBLY Charity REG.No .1150700 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 OSES-BOLE&CO CERTIFIED PROFESSIONAL ACCOUNTANTsrrAX ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS 39 Saints brelades Court Balmes Road Hackney l islington London N15TW Tel: 075 8407 5572 THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS ASSEMBLY CONTENT Trustees and Advisers Truste88' Report 2&3 Independent Examiner-s Report to the Trustees ststement of Flnanclal Activitie¥ Balance sheot Notes fomilng part of tho Financial Statement 7*oJ7 THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS ASSEMBLY LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A.Adeboye Trustses: Pastor Oladele Bakare Pastor Roseline Wanogho Pastor Yinka Odogwu Registered Office: 63 Efrida Crescent Bellingham London SE6 3EN Minister In Charge: Pastor Festus Wanogho Charlty No 1150700 Bankers HSBC Lewsham High Street Lewsham London NATWEST Lewsham High Street Lewsham London Accountants MOSESSOLE & CO certIfi￿ Professional A￿Ountants l Tax Advisgrs and Business Charttered Management Consultants 39 Saints Brelades Court Balmes Road Hackney I Isllngton, LONDON N15TW The Redeemed Christian Church of God Winners Assembly Trustees Report 2023 The Trustee havethe pleasure of submittingtheir report and account5 forthe year ended 31" December 2023. which financial statement have been prepared in accordance with the accounting policies set out on pages to and comply with the statement of recommended practice { SORP2015), and the applicable law. OBJEcfivES The Objectives of RCCG WINNERS ASSEMBLY as a clarity as stated in our trust deed is the advancement of the Christian faith, and the alleviation of poverty. To achieve this goal we held regular Sunday services, bible studies and seminars that cover all aspert of human existence for the benefrt of our members. To alleviate poverty in our community we have established and registered six projects that benefit our community. The Aydee project- l Helping people with addiction problems} Food and Shade projett- {Reaching out to the homeless) Christ Saturday school - l Helping year 7 students with their studies) The senior companion - l Reachin8 Out to the elderly) Christ Foodbank- {Helping stru88lin8 families) The young people forum- ( Reaching out to the youth I ACTIVITIES The year 2023 was fairly stable for us as a charity. The church grew exponentially than any other year before now. With this level of Increase in membership. It will be a big problem for us to accommodate all our members if all cometo worship on a Sunday. For our bible studies arFd prayer meetings we have continued to meet onsite and online via zoom cloud meeting. This has boosted our attendance to some extent but still far behind compared to our ratio of membership. Our food and Shade project and the Aydee projects are still on hold at the moment because we are yet to secure a property to operate from. Thi5 year we have continued to do delivery of food to the elderly four times a week. We are 150 able to run our foodbank Successfully throughout the year. We were also able to hold our usual Christmas carol this year with over 250 hamper boxes given out at the event free of charge. Achievements Throughout this year our foodbank served over 20 families every week. We also delivered assorted food items to an elderly home a minimum of three times everyweek. Our Christmas carol cheered up members of ourcommunity with over 250 hampers given awayto members of our community free of charge. Financial Review The principal fvnding is provided mainlythrough voluntarytrthes and offerings bythe church members and through gift aid scheme. Pled8es are also taken for specific projects. The net incoming resources forthe year amounted to £25,936.4312022 was £14.255). All these have been unrestricted reserves and no fund is allotted to restricted projects. The trustees have assessed the major risks to which the charity is exposed, particularly those relating to the operations and finance and are satisfied wtth the risk management SVStems in place to mitigate any risk exposure. Strurture. Governance and Management Constitution The charity is constituted under a trust deed and is registered with the charity commission of England and Wales. RCCG WINNERS ASSEMBLY is a member of Redeemed Christian Church of God (RCCGI which has parishes all over the world. The relationship is governed by an agreement of common purposes between the parishes and RCCG. The management of the chartty is the responsibility of the trustees who are elected and co- opted under the terms of the trust deed. The church is organized so that the trustees meet re8ularly to manage its affairs. There Is a minister and volunteers, who manage the day-to day administration of the church. Future development We are still in search of a propertyof ourown sothatthe shade and Aydee project can resume operations once more. Our dream of a night shelter is still very much alive and so is our desire to run an orphanage in Africa. We believe that all this will be achieved one day. Trustees that served during the year The members of the board of trustees who served during the year were: Pastor Oladele Bakare Roseline Wanogho Pastor Yinka Odogwu Approval This report was approved by the board of trustees on the signed on it5 behalf by IG pI2czy- and Secretary to the board of trustees. MOSES-BOLE & CO INDEPENDENT EXAMINER'5 REPORTTO THE TRUSTEES EDEEMED CHRISTI N CHURCH OF GOD- INNERS EM LY I report on the accounts of the charity forthe year ended 311ST December 2023. which are set out below and notes to the financial statements on pages 7 to 17 Respective responsibilities of Trustees and Examiners As the Charitls Trustees, you are responsible for the preparation of the accounts: you consider that an audtt is not required for this year (under 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 sertion 145 of the Act): follow the procedures laid down in the General Directions given by the Chartty; Commission (under section 145(51 (b) of the 2011 Att 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 directions glven by the Charity Commission. An examination includes 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 dlsclosures in the accounts and seeking explanations from you as the Trustees concerning any such matters. The procedures undertaken do not provide allthe evidencethatwould be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair vie￿, and the report 15 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:_ 11 Which give me reasonable 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 records and to complywtth theaccounting requirements of the 2011Acthave not been met or To which, in my opinion. attention should be d accounts to be reached to enable a pro erstanding of the M05es O E Igunnubole, BA (HONSJ FAIA F Managing Partner FIP4 FTA FIC CPFA ACA T_. MOSES-BOLE&CO Chortered Certified ForensicAccountonts Certified ProfessionolAccountonts/ToxAdvisers And Business Chartered MGnogement Con5ultonts Td l 444r012Q 77042j25 Emid Fa¥i+44101207354 2035 W2b., d36EsSExRoadl￿1￿gtOn LthNI 3¢y THE REDEEMED CHRISTIAN CFIURCH OF GODERCCGI.VIINNERS ASSEMBLY STATEMENT OF FINANCIALACTWITtES FOR THE YEAR ENDeo 31ST DECEMBER 2023 Restricted NoteE Unreslrfctsd incorne Endowment Funds FundB Funds Pnor year Fvnds Totsl Funds Re¢ommended categ•rlo8 by athlty Incomlng rn50ur¢e8 Income and •ndowm•nts from.. Donations and legacdes Yot 122.372.45 122.372.45 122.372.45 122.372.46 t05,486 Resources oxpended exp•ndl*uve othi Direct Cost Support Cost Goveman¢e cost Total 42,037.23 52,458.79 1,940.00 96.436.02 42.037.23 52 458.79 1,940.00 96,436.02 41.168 48,103 1.940 91.211 Ilat movgm¢nt lkn funds 25.936.43 25,936A3 14265 Re￿ncIlIatIOn of funds: Total fundts brought forwar(I Totsl fund¥ carried fon¥ard 45 172.76 71109.15 45 172.76 71 109.19 30.918 45.173 THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCGJ-WINNERS ASSEMBLY BALANCE SHEer AS AT 31ST DECEMBER 2023 Restricted E￿0W- Notes Umresbfjctal income ment Funds Funds Funds Totsl Totsl Year Fixed a$5ets Tangible assets Total fl¥￿ as8ets 9.TT3.88 9.772.88 9,773 88 9.773.88 9.259 Current as$ets Cash at bank and In hand Totsi current assets 64,115.31 64,116.31 &1115.31 04 115.31 38.993 Creditrjts.. amounts f8lJny du8 h￿thin one year Net current asietsllliabllitie81 Tot81 assets ¢urr8nt liabillb 2.780 00 2.780.00 3.080 61335.31 61 335.31 35.913 71.109.19 71.109 19 45,173 Totsl neta58ets or liabilities 7t 109.19 71,109.19 45,173 Fund$ ofthe Charfty Unrestricted funds Total fvnds 71 109.19 71.109.19 71.109 19 71.109.19 45.173 Slgned by one tsr￿0 trustse8 ￿ beh8W of all the Irustses.. Signature. Prfnt Name nt*S THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-WINNERS ASSEMBLY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Noto 1 Basls d prep•ratlon 1.1 Baslg ol accountln9 Those accounts have been prèpared under the historical cost convention wth items recognlse(I al cost ottransaction value unless otherwise stated in the relevant notels) lo these awunts. The accounts hav& been prèpared in accordan¢e the Financial Reporting Standard applicable in the UK and Rgpublic of Inland IFRS1021 issued on 16 July 2014 and wrth the Charflies Act 2011 ond the Charlty oon8tittJle3 a public benefit a$ defined by FRS102 1.2 Golng concorn Considering the steadlevel of incoming resources 8nd membgrship numberth8 Charftyls a going con¢em wlth no any known unforesgen clr¢umstan¢e 1.3 Ch8ng• of a¢countlng poII¢y The accounts present a true and fair vigw and thè accounting poliaes adopted are those outlined in the t)ote wth no change in policy 1.4 ChangOS to a¢¢ountlng •8tlmat•s No changes to accounting estimates have occurred In the reportlng perfod (3.46 FRS 102 SORP). 1.5 Materlal prlor y•ar •rrors No material prior year errw have been identified in the reptirbng period13.47 FRS 102 SORPI THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCGJ-WINNERS ASSEM8LY NOTES TO THE ACCOUNTS CONfD FOR THE YEAR ENDED 31ST DEC. 2023 Mote 2 Ac¢ountlng pollGI 2.1 RECONCILIATION VIITH PRRVIOUS GEMeRALLY ACCEPThD ACCOUNTING PRACTICE Ther81s no ¢harGe In ￿￿Ounting policy in Ihis p•iod THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCGI.WINNERS ASSEMBLY NOTES TO THE ACCOUNTS ICONfD FOR THE YEAR ENOED 31ST DEC. 2023 Note 2 2.2 INcoMe This standard Ilsl of 8cwunting polio8s has bsen applied byt￿ charity excèpt lor th058 ty¢J(ed No or 'Nla'. Where a drffergntor addkn'onal policy has beon adoptedth&n this 18 detailed In th8 box ￿low. R•eounltlon of Incom• These ara Induded in the Ststement ol Finanaal A¢tivtb88 ISOFAI %%theTr." . the charity b&come8 entiled to the ￿SOur rt ts more Ilkely than not thatthe trnstees will receive the resources. snd . lh8 monetary value ¢an ￿ mèasu￿￿ suffic*nt reliability Olfsottlng There has b*n no off86ltirvJ of assets and li8biliU¢s. orlnci>rne and exDer>sès AccoutytJn9 pollcl•8 Grnnts #nd flonatlons Grants and donatbns a￿ Dnly induded in the SOFA wh6n th8 ggrwral inrxme r8¢ognith?n criteria are mat15.10 to 5.12 FRS 102 SOFiPI. In the esse ol perf0rnan￿ rÈlated grants, inco￿￿ must only be recognised to the 8xtent thatthe arity has prov* th¢ specified goods or58￿1¢6$ a8 entillam8ntl¢ the grant onty ￿cUrS when the peiTorman¢e fftlated conditions ar8 met15 16 FRS 102 SORPI. Ltya¢t Thèro is no legacy receiv8d during thi$ perltsd Gov•rnmettl grants The tharity ha6 r￿￿ed g0￿rnment9rants ifi ts repo￿n9 periou Tax r•¢lalms donatlon* And 91fts Glft Aid rec¢iv8bl8 ts induded in incorn8whgn there is a valid d8daration from the donor. Any amount recDveJpd on a donation is considered tg be part ofthat gift and Is tre8ted as an additior. to the same fvnd a$ lh8 initial donation unl&88 the donoror the temis of th8 appèal have 5pedfied othethige. Contractual Income p•rfonnanc& r•latad 9r#n*> This ￿ not applicab Otynated goods Therg Is no donatsd oooct Dtshated 59rvi￿ and faeilltles Donated service$ and facilities are indudèd In the SOFA wlen rec8ved atthe value of grftto charity provid&d the value of gift can be measured reliably Donated services and facili￿ that ar8 consumed immediawy are recogn15ed as Income with an equlvslent amount recognised a5 8n &4)ens8 und8r the gppropriate heading in the SOFA. Stspport ¢0St8 The ch&rty has in￿￿$d eXp9￿rture On support costs. Voluht8er hol Th& value of any voluntsry help r¥eeived 15 not indud8d in the aecgunts but d?$Gribed in Éh8 tru5tses' anNual report. Income from Int•rost¥ royaltl•s abMI dlvld¢nd• Not apJicable during this peri￿. T￿￿￿$ arvj offenw fr(*n the aro ofa ffj8re mttgnised as Donatiorts. and Legaoes Settlement of Insurnnce clalm$ Insurance are onty Ind￿ in the SOFA the g￿￿1 rewgnrtron ¢yilwt8 are met15.10to 5.12 FRS 102 SORPI and are Ind￿ as an ofother inccrn8 ￿ Ihe SOFA IAvestm•nt galm arnl 108*•* This include5 any real￿￿ w unr8ali*S orfosses on lh& sak of in￿strI￿￿ and anygain loss resuthng frorn revaluirKJ inveS￿nts tr) market *lhe end oflne y 2.3 EXPENDITURE AND LIABILITies Ll#blllty roco9nltf(bn LTrat¥lities arn r¥cognoed wherE it ￿ rnore1fi￿& Fnvolvmg pubSc a￿1n￿￿Tr ofthg c*arity8r*J ts with wulation and prad* Support GOSts indude central fun¢*ons and ha¥e Ixen albcated to *ryity rthtl*ories on a basi8 (x)ns15tentwith the use of ￿Our¢￿ eg allo(èlirs ptopwty ¢>)Sts by fiTh)r a¥eas. orpgr c*. staff costs by th& Umè spent and olher rxists by tsir usage Orants wlth p•rform*nc• eondltlons The Charity Lg not awarding grant to any organrsab Wh8re therg *re no C4)ndItK)￿ attsthing b) the grantthat the ¢loJKsr c*arrty ID avod th8 CCKIYnttrnent, a babiltty for ts full Ob￿ must be raccrfJnwJ. X*dund•ty¢y co8t The Gharity mad8 no redundancy pa￿ ¢Jurir*J rwbThJ perk>J. NO matsrial rtem ofdef8rred inc&nè ha5 teen in th8 acc(￿£. Credll•Ys The chanty has C￿l￿r8 whith are ￿￿51*re￿ at distr￿n1& Provlslons for Ilabllitl8S A liabilty is messured on fe0)gnit￿n at rts hist0￿Cal ctst and then gJtEequenty Mea8W￿ beste8timate ofthe arnount rwuire(I to settle the obtigalK￿ 8t thè rewti￿ (¥ts Ba81¢ Ilnanclal Instnffti•Trts The ¢harty accounts for basi¢ fjnanrJal instruments on inibal rec£9nilk)n as rw paragraph 10.7 FRS 102 SORP. SubSeqU￿t measur8rr￿nt * as per pawrapts f1 17 to 11.19. FRS 102 SORP. The above is not applicthe to RCCG WiNNERS ASSEMBLY 2.4 ASSETS T4n9lbl¢ fixed as*•ts for by charlty Thos8 aye ¢apitali*l rftrey can be us8d fvr wMJr• than and cost 81 b8St They ar& valu& at cosL The ¢Jtpreoation rates and rfNx15 L*8d am di8dfmJ in nots 14. Vntanglbl• flJ(erf Thè charity has intangible fLYed assats. that Is. non4nongtsry as¥ets that do not have phy8i¢al substsnee but are Identifiab￿ and are controlled by the ¢haritythrough ¢ustcYJy or leg21 right5. The amortisatyon rates m&lhods used are disdoserl in note 15 They are valued at co Herftag• ass•ts The charity has no heritage assets, that i%. non-monetsry assets historic, 8rtFstio 5cAonlific, technological, geophy￿¢￿1 or environrnental Quar￿8$ thetar& held and maintsined prinGipallylorthei contrlbution to knowledgo and curtute. The depreciation rates and methods u58d as di8closed in not• 16 is notappllc8bb ¢Juring ths F•riod but if 8vallabkry they 8T8valued at ￿$t Investments Fsxed asset inves￿ents in quoted $har8s, traded bor￿$ and simlfar investments are valued at inisally at cost and subsequenyy at fair valu• lthelr markel valu81 at the year ond The same trtatment 18 applied to unlisted Investmènts un18ss lair valu6 ￿nn01 be measured reliably in whith case it is rn?asured at cost lesB imD8irmgnÉ. Investrnents held for ￿sale or Fending their sale and cAsh 8n4 cash 6qyivalents Mrilh a mats*rty d of le88 than 1 vear are treated as current asset investmenlg sto¢k¥ and work In prOgTe8S Stttks hekl for8ak Es Dart of noTr¢haritable tr8de ara nwasured at the lower orco8t or net Yeali5able v*lu8. Goods orservices provid8d as partof a tharitable aetivty ar6 rn8a$ured at net reall￿ble valu based on the service potential provicled by iterns of stoc&. Work in progress is velued at cost18ss 8Try fo[$8e&ab￿ loss that i¥ Ikoly to Ofxuron th& contracL Debtoys D8btors Ilnduding trade debtors and loans rsc8iva&el are measured on inty.al recrYJn￿0n at settl8rnent amount afteranytrade dIs￿U￿ts or arwunt advanced bythe ¢harty. Subwuenuy, tsy re mèasured atthe ra8h or othew consideration expe¢igd to be received Curr•nt a•••t Investm•nts Th8 Cha￿ty has has inveslments whlch it hokY$ forresale or pending their sale and cash and ¢ath equivalents with 8 tnaturity date18s8 than ong year. These in¢lude cash on d8p05it and cash equIv3￿Dts with a maturity dste of less than ons y8ar held for investmant purposes rathar than meet 8hort term ¢8sh ￿Mm￿)￿nts as they fall O They 8r8 voluEIl at fair value ex￿pt Whe￿ they qua1fft1 as basicfinancial instnJm8nTS POLICIES ADOPTID ADDITIONAL TO OR DIFFE￿NT FROM THOSE A8OVII TharÈ 15 no any otherpoiioes adopw. THE REDEEMED CHRISTJAN CHURCH OF GOD[RCCGI_WJNNERS &8SEMgLY NOTES TO THE ACGOUNTS CONT'D Not• 3 FOR THE YEAR ENDED $18T DEC. 2023 Amlytsls ol Income A88trictad Endow. UnrBttAthd In¢om• Funds Fynd$ Prlor Totsi Fun(ts Donatlons #nd l•wac1￿. LIJn3t￿n5￿no g1ft$ Gift ffjd Yolal Funtls Funds 103,487. 18,BM47 122,372.&5 103,487.90 18,884.47 122,372.46 91.352 14,114 Olh•r t￿0￿* TOTAL INCOME 122.J72.45 143n.46 106,466 othor Ixforthatltyhi All Incom¥ In th• prl•rw•rwas umrnstrf¢tod. Tknwe no •tyy •ndowmomt futhd c¢wv•rtod Imto In¢•we In the rèp•rtlng pot1￿. cludlng tho prfory•ar,th•r¢ VJas fflate•l41 fllcom• It•m8 wlthtn the t r•4ulr• dl*los&Y• of Its Matur• lind amrAwtt. 12 THE REDEEMED CHRISTIAN CHURCH OF GODIRCCG].WINNERS ASSEMBLY NOTES TO THE ACCOUNTS CONT'D Note 4 Analysls of expendlture FOR THE YEAR ENDED 31ST DEC. 2023 Analy¥is ol •X￿nd11￿r• R8strl¢tod Enflow- Unre$trtcted i#com• ment Fund$ Funds Fund$ Prlor Totsl Funds year Fund8 IRecT COST Glft Admin Charges Central Offiee autreach IEvarueli8ml World Evangelism Mission Honour8riuin Wdfar6 & t)onations Sti￿nd￿mI0Wan¢￿& S818Aes Medial Key Boardl Music Expertse# Trainingl Conferencel Congr688 PAYE & NIC Smart Penslon Welfare Expènses to Hcthelg&8 2,077.29 600.00 120.00 600 00 1.300.00 680.00 21,946.42 12500 5.558 70 6,743.83 2,285.99 2.077.29 6￿.[Mj 120.00 120 800 00 600 1,300 00 1,000 680.00 2.741 21.948.42 19.892 125 00 759 5.558 70 554 6,743.83 1.473 2.285.99 10,027 42,037.23 41,168 42.037.23 SUPPORT COST Repairs. maintenance aThS Renewa18 Pdnting, and S￿on9ry Telephone In$urance1Li￿nCe$ BLtsiness R8tes Legal Expenses Travel Expense Postages & Courier Swvtces Books. CDS. E Bank Chargeg Refreshment and Entertainment Oepreaation Electntsty. Gas .Fuel and Oil Rent Cleani 523 82 1,005.50 1.318.50 604.55 3.￿1.75 300.00 8.817.80 105 00 130.00 523.82 1.005.50 1.31650 604 55 3,351.79 300.00 8,617 80 105.00 130. 60.00 2,701 1.262 552 5,$94 1,326 60 2.443.47 432.12 31.750.00 1.81824 S2,4S8.79 2.443 47 2,315 432.12 1.320 31,750.00 30,350 1.818.24 1.409 51468.79 4B,103 TOTAL EXPENDITURE 94,496.02 94.496.02 89.271 13 THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-WINNERS ASSEMBLY NOTES TO THE ACCOUNTS CONT'D Nots5 FOR THE YEAR ENDED 31ST DEC. 2023 Detall$ of ¢•rtalh Items of expottdltur¥ 5.1 Fees for examination of the accounts Please provide details of the amount pajd for any ststulory axtemal scrutiny Of accounts and othef ServI￿S provided by your independent examiner. If nothing was paiLI please enl&r'O' in the appropriate boxlesl. GOVERt4AN¢E COST Thts Year La8t Year Ind8p8nd8nt oxamineys fees 350 00 350 Bookkeeplng ar￿ Accountancy 700.00 700 Payroll Services and Pension Regulab"on 765.00 765 Statutory Filing 125.00 125 1,940.00 1.940 14 THE REDEEMED CHRISTIAN CHURCH OF GOD{RCCGJ.WINNERS ASSEMBLY NOTES TO THE ACCOUNTS CONT'D Nole 6 Tangible Ilxed a￿t8 FOR THE YEAR ENDED 31ST DEC. 2023 F￿hOld land & buildlng¥ ma¢hln•ry Computsr & rnotor vehrcles Ftxttirns. ffttings 4 e9uipmgrrt Totsl Atthe beoinniffj of tho year 20,774.95 20.TT4.95 Additlons 2.957.97 2.967.97 Revaluations Disposals Trnnsfers. (Add or Dedurt) At end of the y?ar 23,732.è2 23,732.92 6.2 DèpreciAtion and impairmènts "Ba8lS LDng Term Leasehold Property Moloi V8hide Fixtures & Fittings Church Equipment . Rat8 Cornputei Equipment 26% Redu￿ng Balan R8ductsng Balancè Roduong Balanr Reducin9 8alenc8 20% At t)8ginnirg of the year Disposals Oepre¢iation Imp8irmenl Transfers" (Add or Dedudl Atend of the year 11.51S.57 11.515.57 2,443.47 2,443 47 13,959.04 13,959 04 6.3 Net book valtJ• Net book value 8t the b•ginnlng ol tha I Net book value atthe end of the year 9.259 38 9.773.88 9,259.38 9.773.08 6A Impalrniertt Nonè Ple8s8 provide a descnption of the and circumstances trat led to the reco9nib.on or ¥ev8rsal oran impairment Ios8. 6.$ R•valuatlon An aewuntiThJ pollty of revaluation is not adoptad durifyj thi8 al*￿nting Deriott.. Ih• •ffoclv• dats of lh¢ revolua￿￿= NIA Ihe name of Inde￿IK*entva1lPr, if aptylcable R NIA the methods appf18d ond signrf1￿￿t aswmptfons- NIA 8 earryiro 4rnouftt thatwould have been rwnised hail tha assats b8en carriO und8rth¥ st mcdd. 6.6 0th8r di*olo¥ures lil p￿S0 stats the amountofbDrrowng ¢o$ts, ifany. capitslised in the construthon oftsng*•k fixed assets and the ¢apitall$atlon rate used- WA lill Please provide th8 amount of eontra¢bJal COMM￿￿￿nts for the 8¢qUiSitEon of tangib￿ fLXett 8SStts= NIA INII Dotails oythe ￿stsnCe and carrying ornounts of propèrty. plantand equiprnent towhl¢h the tharily has i&stri¢tsd orthat &re tyaged as ss¢urity for liabilthe$= NIA 15 THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG].WINNERS ASSEMBLY NOTES TO THE ACCOUNTS (CONT'D FOR THE YEAR ENDED 31ST DEC. 2023 Not• 8 Credltors and a¢crual$ Please ¢ornplele this note ￿ the charty ha8 any creditors or accnjals. 8.1 Analysls of creditors Amounts falling due after more ihan one year Amounts falling due wrthin one vear Accruals and deferred income Totsl 2.780.00 2.780.00 3,080 3.080 THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WINNERS ASSEMBLI NOTES TO THE ACCOUNTS CONfD FOR THE YEAR ENDED 31ST DEC. 2( NOTE 11: CASH AT BANKAND IN HAND Thi¥ Year Last Year Bank Balartces Cash in hand Total 64.115.31 38.993 64.115.31 38,993 17