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← Redeemed Christian Chuch Of God Victorious Family Parish

2024-12-31-accounts

Company Registration number 08488900 (England & Wales)

Charity Registration number 1151893

Report of the Trustees and

Unaudited Financial Statements for the

Year Ended 31 December 2024

Redeemed Christian Church of God

Victorious Family Parish

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Contents of the Financial Statements

Contents of the Financial Statements
for the Year Ended 31 December 2024
Page
Legal and Administrative information 3
Report of the trustees 4 - 7
Report of the independent examiner 8
Statement of Financial Activities 9
Balance Sheets 10
Cashflow Statement 11
Notes to the Financial Statements 12 - 16
Detailed statement of Financial Activities.
(Do not form part of notes to Financial statement). 17 & 18

2

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Legal and administrative information

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charitable company is constituted under a Memorandum of Association dated 15th April 2013 and is a registered charity with charity number 1151893.

REFERENCE AND ADMINISTRATIVE DETAILS

Company number

08488900

Charity number

1151893

Principal location

Rehoboth House 2 Bootham Close Rochester Kent ME2 2PG

Trustees

Mr. Oluwale Oguntoyinbo Mrs Olajumoke Dokun Kade Mondeh Mr Francis Jatto Mr Sheriff Eletu

Independent Examiner

Patricia Balogun (FCCA) Chrisdol Consulting Ltd Studio 22, Action House 53 Sandgate Street, London SE15 1LE

Bankers

NatWest Bank Plc 56 High Street Strood Rochester Kent ME2 4AG

3

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Report of the Trustees

for the year ended 31st December 2024

The board of trustees (who are also directors of the charity for the purposes of the Companies Act) submit their annual report and financial statements of Redeemed Christian Church of God (Victorious Family Parish) (the charitable company or RCCG VFP) for the year ended 31 December 2024. The board of trustees confirm that the annual report and financial statements of the charitable company comply with the provision and requirements of the Companies' Act 2006, Charities Act 2011, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005, and other current statutory requirement.

Structure, governance and management

a. CONSTITUTION

The charitable company is constituted under a Memorandum of Association dated 15th April 2013 and is a registered charity with charity number 1151893

BOARD OF TRUSTEES' RESPONSIBILITIES STATEMENT

The board of trustees (who are also directors of Redeemed Christian Church of God (Victorious Family Parish) for the purposes of company law) are responsible for preparing the board of trustees report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the board of trustees to prepare financial statements for each financial year. Under company law, the board of trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the board of trustees are required to :

the financial statements;

b. METHOD OF APPOINTMENT OR ELECTION OF BOARD OF TRUSTEES

The management of the charitable company is the responsibility of the board of trustees who are elected and co-opted under the terms of the Articles of Association.

AIMS AND PURPOSES

The Redeemed Christian Church of God Victorious Family Parish is a Christian church which seeks to fulfil our purpose and calling as followers of Jesus Christ. Our main objective is to promote the gospel of our Lord Jesus Christ according to the doctrines and practices of the Redeemed Christian church of God and the alleviation of poverty. This we do in many ways as outlined in the report below. It is our belief that as we witness the love and blessings of God in our Christian community, we in turn are able to extend this to the larger society and draw others unto Jesus.

Objectives of the charity, principal activities and organisation of our work

The main objectives of the charity are:

  1. The furtherance of Christianity and the Christian education.

  2. Provision of a suitable atmosphere where Christian principles can be taught and developed within our community

  3. Establishment of a church open to all nations and nationalities where the practical Christian principles will be taught and experienced.

  4. Work to make RCCG Victorious Family Parish a relevant local church in the community through social action and engagement which seeks to show the love of God in our community through supporting those who are vulnerable to food poverty.

4

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Report of the Trustees

for the year ended 31st December 2024

Since the end of the Covid-19 pandemic, its effects have continued to shape the direction the organisation pursues. The church has adapted to post-pandemic realities and continues to move forward. We give thanks for ongoing progress in the church and present some highlights from the past year.

Our mid-week and Sunday gatherings remain hybrid across social media; this is in line with our vision of supporting congregational growth globally. To accommodate the physical increase of membership, a second service began on 21st May 2023, this continues today. The church runs two buses: to meet local transportation needs of the congregation.

Developments, Activities and Achievements in the year from January 2024 - December 2024

The Love Your Neighbour scheme continues to expand, with ongoing fundraising efforts and a recent grant supporting its operations in our community. The program provides food parcels and limited grants to local families facing food poverty due to low income, fulfilling the charity’s aim to alleviate poverty.

Throughout the year, baptism classes for candidates from the community were conducted utilizing Zoom technology. In 2024, two sets of cohorts passed through the training and were baptised to the glory of God.

The church has maintained partnerships with various organisations and churches that share similar goals. It engages in prayer for local, regional, and national matters affecting the country. During this financial year, the church has also provided regular donations and assistance to local charitable organisations.

Church Joint Mission Partnerships - Online

Saints Alive interdenominational evening of joint worship of churches across Medway Towns on 31st October featured a live service at the iconic Rochester Cathedral, it was great to be able to meet up with other believers in joint worship on a night dedicated to the celebration of Halloween.

Joint interdenominational prayers by churches in Medway Towns for missions across Medway in November during the week of united prayers to pray towards joint mission events in the towns.

Christmas Connect joint carol service by churches across Medway on the 8th of December at the KICC Prayer city, Buckmore. Park. The guest speaker was Sarah Webber who is one of the local leaders from across Kent. This was a service that was streamed across various social media platforms.

As part of our drive to be a blessing to all members of the public under our public benefit agenda, the year saw the church partner with ‘Compassion organisation’ to sponsor children and take them out of poverty.

We have continued our ongoing support for the following charities: Christ the Redeemer (Bible) College (CRC), African Missions , with whom the charity actively encourages groups and members in the church to similarly sponsor children as a way of taking them out of the poverty line in various parts of the world irrespective of creed, gender, colour or religion.

Special Programmes the Church Held

This year marked the church's 20th anniversary, celebrated with a thanksgiving concert on May 18 and a special service on May 19. Pastor Leke Sanusi, our Europe Continental Overseer, delivered the keynote address.

We hosted a community BBQ in August to unite people of all backgrounds for a day of fun and fellowship. The church continued to hold meetings at Dock Road Chatham and improve the facilities for community use. Services were also streamed via Zoom and Facebook to maintain engagement.

Collaboration with other Christian organisations in Medway remained strong, including full affiliation with Churches Together In Medway (CITM). The church upheld its national and international commitments to RCCG Worldwide and UK leadership. Donations were made to fellow churches’ appeals as circumstances allowed. We also actively participated in online RCCG events such as Festival of Life (FOL), Bible College weekend, Annual Sunday school Conference, Elders’ weekend, among others.

Future Developments

The charity will continue working to fulfil our core objectives. We aim to expand our activities to serve all age groups in the community, in line with our vision of being an inclusive church for all nations. Additionally, we plan to keep developing media resources at our permanent venue and explore community projects such as a food bank and advice centre, subject to available funding and volunteers.

Public Benefit Statement

In determining how best to pursue the charity's objects the trustees have had regards to the Charity Commission's guidance on public benefit and are involved in Christian Outreach Programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus.

5

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Report of the Trustees

for the year ended 31st December 2024

FINANCIAL REVIEW

Review of Financial Position

Please refer to the annexed accounts for the details of the financial statements for the year ended 31st December 2024.

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held by the church should be six months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the charitable company in the event of a significant drop in funding. Consequestly, the basis at which the chartity's going concern is reviewed is considered appropriate and there are no material uncertainties.

Liquidity

It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to approximately four months unrestricted expenditure. This provides sufficient funds to cover management, administration, support costs and emergency expenditure that might arise from time to time. The unrestricted funds are maintained at this level as a result of significant reserves entrusted to the RCCG ‘Victorious Family Parish’.

Risk Management

The trustees actively review the major risks which the charitable company faces on a regular basis and ensure measures and policies are put in place to safeguard charity funds and assets. The trustees also ensure that legal advice is sought when necessary on crucial issues concerning the charity and ministry.

The Church liability insurance is reviewed on a regular basis.

The cash handling procedures set up a few years ago is felt to be adequate in collecting, recording and banking voluntary income. Cheques are signed by at least two signatories in accordance to the mandate at any one time.

Any potential hazards or issues which come to the attention of the leadership team of the RCCG Victorious Family Parish’ ‘are dealt with immediately.

An updated child protection policy is in place to safeguard all children attending meetings.

Reserves Policy

The commission requires charities to determine and explain their policy for reserves. The trustees have reviewed its free reserves policy and have turned its entire free unrestricted fund into an emergency fund to enable the charitable company meet its obligation in event of a shortfall in income or sudden upturn in expenditure.

The charity has enough in its reserve to cover one year's operating expenditure. The charity is accumulating its reserve in order to provide for any future capital expenditure as the charity plans to fully refurbish its own place of worship in the future months ahead. The charity principal funding sources continues to be individuals who attend services and make contributions in form of freewill offerings, tithes and other donations. The charity also obtain funds through aggressive fund raising for the new project at hand.

Furthermore, the trustees meet quarterly to review the reserve level. If the value of the reserve falls below a level unacceptable to the trustees, the appropriate action will be taken immediately to rectify the situation.

MEMBERS' LIABILITY

The board of trustees of the charitable company guarantees to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

The board of trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the Board of Trustees and signed on their behalf by:

Mr Oluwale Oguntoyinbo

Approved by the Trustees on 26th September 2025

6

REDEEMED CHRISTIAN CHURCH OF VICTORIOUS FAMILY PARISH

Independent Examiner's Report

For the year ended 31 December 2024

Independent examiners's report to the trustees of REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH.

I report on the accounts of the charity for the year ended 31 December 2024 which is set out on pages 9 to 16.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER

The charity's trustees who are also directors of the company are responsible for the preparation of the accounts accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

BASIS OF EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act. 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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

EXAMINER'S STATEMENT

In connection with my examination, I confirm that no material matters have come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:

  2. proper accounting records are kept (in accordance with section 41 of the Act); and

  3. accounts are prepared which agree with the accounting records and comply with the accounting requirements of Act; or

  4. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent Examiner

Patricia Balogun (FCCA) Chrisdol Consulting Ltd Studio 22, Action House, 53, Sandgate Street,

London SE15 1LE

Date: 26th September 2025

7

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH Statement of Financial Activities for the year ended 31 December 2024

Notes
INCOME & ENDOWMENT FROM
Donations and legacies
3
Investment Income
Total Income
Expenditure
Cost of raising funds
Raising funds
Charitable activities
General funds
Total
NET INCOME / (EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
301,925
3,181		 Restricted
Funds
£
4,750
-		 Total Funds
December
2024
£
306,675
3,181		 Total Funds
December
2023
£
264,216
2,332
305,106
56,580
198,781		 4,750
4,750
-		 309,856
61,330
198,781		 266,548
52,208
162,595
255,360
49,746
223,338		 4,750
-
11,070		 260,110
49,746
234,409		 214,804
51,744
182,665
273,084 11,070 284,154 234,409

CONTINUING OPERATIONS

All incoming resources and resources expended arise from continuing activities.

8

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Balance Sheet

as at 31 December 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
29,633
CURRENT ASSETS
Debtors
8
101,400
Cash at bank and in hand
9
176,048
277,448
CREDITORS
Amounts falling due within one year
10
(33,997)
Net current assets
243,451
TOTAL ASSESTS LESS CURRENT
LIABILITIES
273,084
NETS ASSETS
273,084
FUNDS
Unrestricted funds
11
Restricted funds		 Restricted
funds
-		 2024
Total
funds
£
29,633		 2023
Total
funds
£
30,125
11,070 101,400
187,118		 16,594
241,689
11,070
-		 288,518
(33,997)		 258,283
(53,999)
11,070 254,521 204,284
11,070 284,154 234,409
11,070 284,154 234,409
273,084
11,070		 223,339
11,070
284,154 234,409

For the year ending 31 December 2023 the charitable company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

(a) ensuring that the charitable company keeps accounting records that comply with Section 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 which otherwise comply with the requirements of the Companies Act 2006 relating to financial statement, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees

on 26th September 2025 and were signed on its behalf by:

.............................................

Mr Oluwale Oguntoyinbo -Trustee

9

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Statement of Cash Flows

for the year ended 31 December 2024

Notes 2024 2023
Cash generated from operating activties:
Net Cash provided by (used in) operating activities 1 (46,483) 66,921
Cash flows from investing activities:
Interest from investments 3,110 2,823
Purchase of tangible fixed assets (11,197) (16,822)
Net Increase/(decrease) in cash in the year (54,571) 52,922
Cash in bank and in hand less overdrafts at the beginning of the year 241,689 188,767
Total Cash in bank and in hand less overdrafts at the end of the year 187,118 241,689
Notes
1
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM		 OPERATING ACTIVTIES
NET Income per Statement of Financial activities 49,746 51,744
Adjustmenst for:
Depreciation Charges 11,689 9,449
Deduct Interest from invetsments (3,110) (2,823)
Increase (Decrease) in Creditors (20,002) 7,159
Decrease (Increase) in Debtors (84,806) 1,392
Net Cash provided by (use in) operating activties (46,483) 66,921

10

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2024

2. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of

Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

b) Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by

FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No restatements were required.

c) Preparation of the accounts on a going concern basis

There are no material uncertainties related to events or conditions that may cast significant doubt about the Charity's ability to continue as a gong concern have been identified by the directors.

Income

All incoming resources are mostly in financial form which the charity is entitled to and can be quantified with reasonable

accuracy. Collections are recognised when received by or on behalf of the church. Planned giving received under Gift Aid is

recognised only when received .

Income tax recoverable concerning donations received under Gift Aid or deeds of covenants is recognised at the time of the donation.

Fund accounting

General funding is unrestricted fund which is available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purpose.

Restricted fund is fund which is to be used in accordance with specific restrictions imposed by donors which have been raised

by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

The aim and use of each restricted fund is set out in the notes to the charged financial statement.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably

Expenditure is classified under the following activity headings:

educational activities undertaken to further the purposes of the charity and their associated support costs.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trust programmes and actvities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in teh cost of those items to which it relates.

11

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2024

f) Tangible fixed assets and depreciation.

Fixed assets are capitalised at cost. Depreciation is provided at rates to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Asset category annual rate

Land and Building 2% straight line Premises 20% straight line Plant and machinery 20% straight line Motor vehicles 25% straight line Office Equipment 20% straight line

g) Going concern basis of accounting

The ongoing global Covid-19 pandemic impact on the charity’s strategy for service deliver. The Trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £273,084. The Trustees consider that the charity has sufficient unrestricted reserves and cash flow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. The Trustees are closely monitoring the impact of the Covid-19 pandemic on the level of its funding available for future years following the crisis and have put in measures to to protect the charity.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Leasing and hire purchase commitments

There were no leases and Hire Purchases during the year under review.

Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Financial Performance of the charity

Operating profit
This is stated after charging:
Depreciation of owned fixed assets
Investment income
Deposit account interest received		 2024
2023
£
£
11,690
9,129
3,181
2,332

3. Investment income

  1. Comparative for the Statement Of Financial Activites

Income and Endowments from

Donations and legacies
Investment income
Total
Expenditure on
Raising funds
Charitable activities
General funds
Total
Net Income / (Expenditure)
Reconciliation of Funds
Total funds brought forward
Total funds carried forward		 Unrestricited
Restricted
Total
Funds
Funds
Funds
£
£
£
264,216
-
264,216
2,332
-
2,332
266,548
-
266,548
52,208
-
52,208
162,595
-
162,595
214,804
-
214,804
51,744
-
51,744
171,595
11,070
182,665
223,339
11,070
234,409

12

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2024

5. Trustees remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2024.

Trustees' Expenses

There were no trustees' expenses paid for the year 31 December 2024.

6. Staff costs

Staff costs
Wages and Salaries
The average number of employees
No employees earned between £60,000 during the year (2023: 2024)		 2024
2023
£
£
55,095
33,198
1
1

7. Tangible fixed assets

Premises
Fixtures &
Fittings
Computer
Equipment
Motor
Vehicle
Plant & machinery
Total
£
£
£
£
£
£
Cost
At 01 January 2024
118,600
7,437
3,969
36,733
61,185
227,924
Disposals
-
-
-
-
-
-
Additions
-
1,100
-
-
10,097
11,197
At 31 December 2024
118,600
8,537
3,969
36,733
71,283
239,121
Depreciation
At 01 January 2024
118,600
7,437
2,321
11,905
57,537
197,800
Charge for the year
-
220
570
7,347
3,552
11,689
Disposal
-
-
-
-
-
At 31 December 2024
118,600
7,657
2,891
19,252
61,089
209,489
Net book value
At 31 December 2024
-
880
1,078
17,481
10,194
29,633
At 31 December 2023
-
-
1,648
24,828
3,649
30,125
8. Debtors: amount falling due within one year
2024
2023
£
£
Loan to staff and sister parish
-
603
Debtor - other
101,400
6,290
Net Wages
-
2,205
Prepayments
-
-
Credit Card (Tithe and Offering)
-
7,496
101,400
16,594
9. Cash balance
Bank Current Account (NATWEST Current)
31,329
16,376
Bank Current Account (NATWEST Current Others)
17,536
9,662
Bank Deposit Account (NATWEST Bonus Saver)
138,247
208,559
Cash in Hand
6
7,093
187,118
241,689
10. Creditors: amounts falling due within one year
Creditors
2,196
3,040
Accrued Expenses
27,573
50,960
Net Wages
4,228
-
33,997
53,999
13		 Premises
Fixtures &
Fittings
Computer
Equipment
Motor
Vehicle
Plant & machinery
Total
£
£
£
£
£
£
118,600
7,437
3,969
36,733
61,185
227,924
-
-
-
-
-
-
-
1,100
-
-
10,097
11,197		 Premises
Fixtures &
Fittings
Computer
Equipment
Motor
Vehicle
Plant & machinery
Total
£
£
£
£
£
£
118,600
7,437
3,969
36,733
61,185
227,924
-
-
-
-
-
-
-
1,100
-
-
10,097
11,197
118,600
8,537
3,969
36,733
71,283
239,121
118,600
7,437
2,321
11,905
57,537
197,800
-
220
570
7,347
3,552
11,689
-
-
-
-
-
118,600
7,657
2,891
19,252
61,089
209,489
-
880
1,078
17,481		 10,194
29,633
-
-
1,648
24,828		 3,649
30,125
2024
2023
£
£
-
603
101,400
6,290
-
2,205
-
-
-
7,496
101,400
16,594
31,329
16,376
17,536
9,662
138,247
208,559
6
7,093
187,118
241,689
2,196
3,040
27,573
50,960
4,228
-
33,997
53,999

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2024

11. Movement in funds

**11. ** Movement in funds
At Net Movement in At
01/01/23 Funds 31/12/24
£ £ £
Unrestricted funds
Charitable 223,338 49,746 273,084
Restricted Funds
Charitable 11,070 - 11,070
234,409 49,746 284,154
Net movements in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
£ £ £
Unrestricted funds
General Fund 305,106 (255,360) 49,746
Restricted funds
Restricted fund 4,750 (4,750) -
Total funds 309,856 (260,110) 49,746
Comparative for movement in funds
At Net Movement in At
**12. ** Movement in funds 01/01/23 Funds 31/12/24
£ £ £
Unrestricted funds
Charitable 171,595 51,744 223,339
Restricted Funds
Charitable 11,070 - 11,070
182,665 51,744 234,409
Net movements in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
£ £ £
Unrestricted funds
Charitable Fund 266,548 (214,804) 51,744
Restricted funds
Charitable fund - - -
Total funds 266,548 (214,804) 51,744
**13. ** A current year 12 months and prior year 12 months combined position is as follows:
At Net Movement in At
01/01/23 Funds 31/12/24
£ £ £
Unrestricted funds
Charitable 171,595 101,490 273,085
Restricted Funds
Charitable 11,070 - 11,070
182,665 101,490 284,155
Related party disclosures

There were no related party transactions for the year ended 31 December 2024.

14. Contingent liabilities

There was no contingent liabilities reported at balance sheet date nor was there an indication that there was any legal claim against the charity or its trustees.

14

REDEEMED CHRISTIAN CHURCH OF GOD (VICTORIOUS FAMILY PARISH) Detailed Statement of Financial Activities For the year ended 31 December 2024

INCOMING RESOURCES
Voluntary income
Tithes & offerings
Thanksgiving
Gift aid claimed
Sundry donations
Building fund
Surplus on Disposal of Assets
Investment Income
Deposit account interest
Total incoming resource
RESOURCES EXPENDED
Cost of generating voluntary income
World Evangelical Mission
Central office charges
Donation to FOL
Donations - Other RCCG Parishes
Charitable activities
Purchase of tapes and books
Honorarium
Children's service expenses
Elders Expenses
Conferences, conventions and retreat
Outreach
Welfare support
Hospitality
Audio visual expenses
Publicity
Legal and professional fees
Audit and accountancy fees
Professional Fees, Licences & Permits		 December
2024
£
255,234
5,575
24,359
21,407
100
-
306,675
3,181
309,856
51,022
3,077
1,200
6,031
61,330
357
7,650
330
1,071
5,266
13,239
8,027
12,589
-
938
5,663
2,000
1,945
59,073		 December
2023
£
204,893
7,235
38,635
13,353
100
-
264,216
2,332
266,548
40,016
900
1,200
10,092
52,208
2,155
7,510
-
-
6,290
13,405
8,218
-
-
938
3,033
2,000
2,076
45,623

The notes do not form part of these financial statements

15

REDEEMED CHRISTIAN CHURCH OF GOD (VICTORIOUS FAMILY PARISH) Detailed Statement of Financial Activities For the year ended 31 December 2024

Support Costs
Management
Wages
Volunteer Expense
Rent and rates
Utilities
Telephone
Printing, postage & stationery
Insurance
Transportation
Repairs & renewals & Equipment Hire
Premises Expenses
General expenses
Depreciation Vehicle
Depreciation of office equipment
Depreciation of church equipment
Depreciation of church premises
Finance
Bank charges
Loan interest
Total resources expended
Net income		 December
2024
£
55,095
320
14,250
4,535
1,485
3,748
3,698
10,637
4,235
15,851
11,057
7,347
570
3,552
220
136,598
3,110
-
3,110
260,110
49,746		 December
2023
£
33,198
200
12,750
3,917
1,600
2,592
4,470
8,593
12,902
14,679
9,797
7,347
570
1,532
-
114,148
2,823
-
2,823
214,804
51,744

The notes do not form part of these financial statements

16