RESVRREcnoN VICTORY MINISTRY LTD Chwity 1206974 Company No. 14532344 Tntstes. Report and Unawlited Accounts .￿z￿B*30• 01N)412025 COKIPANIES H(MJSE RESURRECtION VICTORY MINISTrY LTD Contents Pages Trustee5' Annual Rep(xt Statement of FTrnanciJl Artiwties 2to3 Stsmmary Income and Expend[￿re AC￿ftt Balance Sheet Statement of Cash flows Notes to the Accounts 8t013 Detailed Ststement of Financial Activitres 14to15 Page I RESURRECTION vicfoRY MINISTRY LTD . Trustees Annual Report The trustees. who are also directors of the charity for the purposes of the Companiès Art 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024. REFERENCE AND ADMINlSnlAThIE DETAILS Company Ilo. 14532344 Charlty No. 1206974 Piindpal Office Flat 30 Monkton House Pernbury Road London E5 8LY ReWstered Offi¢e Flat 30 Monkton House Pembury Road London E5 8LY Dirertors and Tnstees The Dirertors of the charitable cr)mpany are its Trustees forthe purposes of chartty law. The followin8 Direclor5 and Trustees seNed during the ye•r." F. FrimponB K. FRIMPONG K. Kyefe Attountants Import Finanoals Regus. 15th Floor Brunel House Cardiff CF240EB OBJEcfivES AND AcnviTIES The objert of the charity is to further the Christian religion. FINA14CIAL REVIEW The income for the period was £36,560. The charity endevours to keep current assets at a level equivalent to 3 months average expenditure. Page 2 RESURRECTION VICTORY MINISTrY ITD Twstees Annual Report The Trustee5 are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at any tlme the financial position of the tharity and to enable them to ensure that the financial statements comply with the Companies Act 2(I)6. The Tnjstees are also responsible for safe8uarding the assets of the tharity and hence taking reasonable steps forthe prthtntion and detection of fraud and other irregularities. The above ieport has been prepared in ac¢ordance wilh the provi￿n5 applicable to companie5 subject to the Small companies regime as set oul in Part 15 ¢f the Companles Act 2CA)6 and in accordance with the Charlt¢es SORP IFRS 1021. ned on behalf oithe board K. FRIMPONG Trustee 31 Marth 2025 P4e3 cs Camscanner RESURREcfioN VICTORY MINISTRY LTD Ststement of Financial Actlvities for the year ended 31 D*rembef 2024 Unrestrlrted f￿￿S Total lunds Total funds 2024 20 2023 Note5 Income and endowments Irom: Donation5 and legacies her 23.320 23,320 30,560 116.357 Totsl 29.320 29.320 146.917 E¥pendltur• on- Other 30.761 30.761 62.657 T<)tsl 30.761 30,761 62,657 Net gains on investments Net lèxpenditurelfintome Transfers between funds 11.4411 11.4411 84.260 Net {exprnliturelfwKom before other ylnsl{losses) 11.4411 11,4411 84,260 Other Èains and losses Net mo¥ement In l￿d5 11,4411 11.4411 84.260 Recon(iliatOon of fvnds: Totsl funds broughtfoThv4rd 84.260 84.260 Totrl funds carrt•d forward 82,819 82.819 84.260 Page 4 RESURREclloN vicfoRY MINISTRY LTD 5￿mMary Income and Expendi￿re Accowrt lor the year ended 31 December2024 Income 29.320 146.917 Gross income for the year Expenditure 29.320 146.917 29.556 61,046 Depreciation and charges fsx impairment of fixed assets 1.611 Total expendlture for the year Net lexpenditureifincome before tax for the yèar 30.761 62,657 IL4411 84.260 Net lexpendlture l/lnton￿ for the year 11,4411 84.260 Pase 5 RESURREclloN vicfofty MINISTRY LTD 8alan¢e Sheet •t 31 Deiefflber 2024 Cofflpany 14S32344 2023 Flxed assets TaTraible assets 35.370 35370 36.575 36.575 Current •sets Debto Cash ai bank and in hand io io.o)o 39.020 49.020 IL3351 47.685 44.174 48.174 17251 Qeditors: Amount falling due within one year Net ¢urrent assets li 47.449 Totsl assets less turnevrt Ilabili 82.819 82,819 84.260 Net assets exdwlinl penslon a￿et or Ilability 84.260 Total Mt assets 82.819 84.260 The fvnds ofthe dmrlty Re5￿Cted funds Unrestrirted lund5 General funds 12 82.819 84,260 82A19 84.260 Reser¥es 12 81819 84,260 These accounts have been prepared in accordan￿WIthIhe 5peual provislons of Part IS of the Companies Act 2LNJ6 relating to small companies. For the yearended 31 December 2024 the companywas entitled to exemplim under section 477 of the Companie5 Act 2Iy)6 relatin8 10 small companie5. The members hove not requlied the fornpanyto 0￿¥1￿ an ￿dit in accordance with sert*￿ 476 of the Cornpante5 Art 21116. The directon acknowledge their responslbllitSes lor¢omptyin8 With the requirements of the Companies Act 2006wlth respert to accountlng records and the preparatknn of accounts. Appro4ed by the board on 31 Marth 2025 And slBned on its behalf by: K. FRIMPONG Trustee 31 March 2025 Paee 6 cs Camscanner RESURRECTION vicfoRY MINISTrY LTD Statement of Cash b lor the yearended 31 December 2024 2024 2023 Cash flows from operallng actS¥ities 14et lexpendlQur•llincome per Statement ￿ F￿￿nClaI Activities {1.4411 84,260 Adlustments for. Depreciation of property. plant and equipment Dlvldends. Interest and rents from investments Decreasellincreasel in trade and other receivables IOetrea5elllncrease in trade and other payables 1.205 16.rxKIl 1.611 1116.3571 iio,0001 1,335 16101 Net ash used In operatlng artl¥Stles 18461 139,1511 Cash ftows fvom Investi￿ attl¥ltle5 Dividends. interest and rents from investments 116,357 Net cash from investine artiviknes . 78,171 Nel osh from flnandng athitles Net Increase In cash and (ash equirdlènts 39.020 Cash and cash equlvalents * the beynniryof the year 39.020 Cash and ¢ash equivalents at the end of the year 44,174 39,020 Components of and cash equi¥altnts Cash and bank balances 44.174 39,020 44,174 39.020 Page 7 RESURRECTION vicfoRY MINisfRY ITD Notes to the Accounts for the year ended 31 December 2024 l Accounting policie5 Basis of preparation The financial statements have been wepared in acc(￿thn￿ with Ac£(NJnting and Reporting by Charities.. ststement of Recommended Pra¢ti¢e applicable to ¢haritie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irèland IFRS 1021 leffertive I January 20151- (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companie5 Att 2(I)6. Chan8e In ba5Fs of accountlng or to previous accounts There has been no change to the aCcL￿nting polic￿ (Valuati￿ rules and method of ac¢ountlng) since last year and no thange5 have been made to accounts fcff previous years. Fund accounti Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charrty. These are unrestrirted fvnds Èarmarked by the trustees for particular purposes. These are unrestricted funds whtth indude a revaluation resetve representing the reststement of investment assets at their market value5. These are available for use subject to restrictions imposed by the donor or through term5 of an appeal. Designated fuftds Revaluation funds Restricted funds Income Recognition ot incomè Income is induded in the Statement of Financial ActNities ISOFAI when the tharity becomes entided to. and virtually rertsin to receive. the income and the amount of the income can be measured wrth sufficiÈnt reliability. Income with related Where income has related expenditure the income and ￿lated eX￿ndIt($re is expenditure reported gross in the SOF Donations and legacies Voluntsry tncorne received by way of grants. donations and gifts is included in the the SOFA when receivable and only when the Chartty ha5 unconditional entitlement to the income. Tax reclaims on Income from tax reclaims 15 induded in the SOFA at the same time as the donations and gifts giftldonation to whTrch it relates. Donated 5erwces These are only induded in Fncome (with an equivalent amcwjnt rn expènditurel and facilities where the benefit to the Charity is rea50nably quantrfiable, measurable and material. Volunteer help The value of any Volunteer help received is not induded in the accounts. Investment income This is included in the accounts when receivable. Gainslllossesl on This indudes any gain or loss resulting from revaluing investments to market value revaluation offixed atthe end of the year. assets Gainslllossesl on investment assets Thrs indudes any gain or loss C￿ the sale of investments. Page 8 RESURRECTION vicfoRY MINisfRY LTD Note5 to the Ac¢ounts Expenthtu¥e Recognition of expenditure ExperKliture 15 re¢ognised on an a¢¢ru•ls basis. Expenditure indudes any VAT which cannot be fully ￿0vered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attratting voluntary income. fvndrai5ing ra15ing fund5 tiading costs and invesknent management costs. Expenditure on These comprise the costs incurred by the Charity in the delNery of its activities and charitable activities Se￿iCe5 in the fvrthtran¢e of tts obje¢ts. induding the making of grants and governance costs. All grant expenditure 15 accounted for on an artual paid bas￿ plus an accrual for grants that have been approved by the trustees at the end of the year but notyet paid. Thesè include those costs associated with meetin8 thè constrtutional and statutory requirements of the Charity. induding any auditlindependent examination fees. ¢osts linked to the strate8ic management of the tharity. together with a share of other administration costs. Grants payable GovÈmance costs Other expendity￿ Thesè are suppryt costs not allocated to a particular activity. Taxatlon The charity Is exempt from corporation tax on tts d￿ritable activities. Freèhold in¥estsThÈnt propÈrtv Investment properties are measured initially at cort and subsequentty at fair value at each balance sheet date and are not dep￿lated. gains or losses a￿ taken to the Statement of Financial Actwities as they arise. Trade and other debtors Trade and other debtors arÈ rÈcugnis￿ * the settlement amount due after any trade discount offered. Prepayments a￿ valued at the amount prepaid net of any trade di5c<)unts due. Cash and cash equivalents Cash and Cash eouwalents ¢¢rfnprise cash at bank and ffi hand. demand deposits with banks and other 5hort-term hi8hly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position. bank overdrafts are shown within bormwings or currènt liabilities. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are rèpayable on demand and form an integral part of the company's cash management. Trade and other Cfeditors Short term crÈditors arè measured at the transattion price. Other creditors and wovisions are Tecognised where the charity has a present obligation ￿su￿1n£frOM a past event that will probably result in the transfer of funds to a thtrd party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and prowsions are nomally reco8nised at their settlement amount after allowing for any trade discounts due. Expenditure on research and developrnent is written ¢>ff in the year in whith it is incurred. Page 9 RESVRREcfioN VICTORY MINISTRY LID Notes to the AccO￿ts Forel8n currendes Monetary assets and liabilities denominated in cuffe￿1¢$ otherthan the functional currency of the charity are translated at the rates of exchan8e prevailing atthe end of the reporting period. Tran5attions in currències other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net incomelexpenditure. Pension costs The charity operates a defined contribution plan for its employee5. A defirbed contribution plan is pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company ha5 no fvrther payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accnJals in the balance sheeL The assets oFthe plan are held Separate￿ from the wmpany in independently administered funds. RKeipt of donated good& tacllltle5 and seryi All donated goods. facilities and seryices received are recognised within incoming resources and expenditure at an estimate of the value to the charity- 2 Company statu5 The company is a private company limited by guarantee and ¢onsequently does not have share capital. 3 Statement of Flnandal Artiviti¢S- wlor year Unfestrirted lund5 Total fvnds 2023 2023 In¢ome and endowm¢nts Irom: Donations and legacies Other 30.560 116.357 30.560 116,357 Tolal 146,917 146.917 Expenditure on: Other 62.657 62,657 Totsl 62.657 62.657 Net into 84.260 84,260 Net income before other Éainslllossesl Othergains and1055e5: 84,260 84,260 Net movement in funds 84,260 84.260 Reconciliatlon of funds". Total funds carried forward 84.260 84,260 Page 10 RESURRECTION vicfoRY MINISTRY LTD 14otes lo the Attounts 4 Income from don•tions and legaoes Unrestrirted Totsl Total 2024 23.320 23.320 23.320 23.320 30.560 30.S60 S Other Income Unrestrlcted Total Total 2024 2023 110.357 116.357 6 Othèr exptnditwe Total Totsl 2024 Employee costs Motor and travel tasts 12601 12601 2.769 53.574 Premise5 costs 22.624 Z1624 Amortisation, depreaation. impairment, profivloss on disposal of fixed assets General administrative costs 1.205 1.205 1.611 6,163 1,020 30,761 6,163 1,020 30,761 2,674 2.029 62.657 Legal and professional costs 7 Net {expenditure)fincome belore tran5fws 2023 This is ststed after char8in8'. Oepreciation of owned fixed assets 8 Staff costs 1.205 1,611 2023 Salaries and wages 12601 12601 No employee received emoluments in excess of £60.(LX). Pa8e 11 IIESURREcnoN vicfoRY MINITh LTD Notes to the Actounts 9 Tan8Tble fixed assets Cost or rev•lu*i•n At l January 2024 At 310ecember 2024 Depreclatlon and Impalrmertt At l January 2024 Depreciation charge fw the vear At 31 December 2024 31,762 31.762 6,424 6.424 38,186 38.186 1,611 1.611 1,205 1.205 2,816 2,816 Net book values At 31 De￿mber 2024 At 31 December 2023 10 Debtors 31.762 31.762 3.608 4,813 35.370 36.575 2024 2023 Other debtors 10,000 iO.LN)O 11 Crtditi)Ys: amounts falling due within one year 2024 2023 Trade credttors 725 1.335 1.335 725 12 Mo¥ement Sn hnds Incoming Atai December 2024 (iMludtng other At l January pinsllo 2024 Rèsources expended Restrkted funds: Unre#rlrt¢d funds- General lunds 84.260 29.320 130.7611 82.819 Totsl funds 13 Analy51s of net assets between fuo 84.260 29,320 130,7611 82￿19 Unrestr5rted fund5 Total Fixed assets Net current assets 35,370 47.449 82.819 35.370 47,449 82,819 Page 12 RESURREcfioN vicfoRY MINISTrY LYD Notes to the Accounts 14 Re¢oncili*ion of net debt At31 December 2024 At l January 2024 Cash Ilows Cash and cash equNalents 39,020 39.020 5.154 5.154 44,174 44.174 Nèt debt 39.020 5,154 44.174 15 Related party dlsdoswes Controlliftg porty The cornpany is limited by guarantee and has no share capitsl- thus no single party controls the company. Pa8e 13