VICTORY BIBLE CHURCH INTERNATIONAL
ORGANISING CHURCH SERVICES, ORGANISING EDUCATIVE SEMINARS FOR MARRIED COUPLES & SINGLES.RUNNING SATURDAY SCHOOL TO HELP LOCAL PEOPLE AND YOUTH IN THE CHURCH.WORKING IN PARTNERSHIP WITH LOCAL AGENCIES TO DEAL WITH SOCIAL ISSUES.
Objects
(A) THE ADVANCEMENT OF THE CHRISTIAN FAITH IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME THINK FIT(B) TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, GOODS OR SERVICES OF ANY KIND, INCLUDING THROUGH THE PROVISION OF COUNSELLING AND SUPPORT IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES SHALL FROM TIME TO TIME THINK FIT (C) TO ADVANCE EDUCATION IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME THINK FIT
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £251,227 for the year ended 31 December 2024, with total incoming resources of £2,609,155 against total resources expended of £2,357,928. Per the trustees' report, the charity is financially stable, holding unrestricted reserves of £3,041,317 and net current assets of £676,496. The trustees maintain a reserves policy target of three months' running costs and confirmed adequate resources for the foreseeable future.
What the accounts disclose
“The number of employees received emoluments in excess of £60,000 are as follows: £60,001 - £70,000: 1 (2023: nil)” — page 22
“The number of employees received emoluments in excess of £60,000 are as follows: £60,001 - £70,000: 1 (2023: nil)” — page 22
“We intend to hold cash reserves equivalent to three months running costs of the organisation and build up the reserves as the finances of the charity improves.” — page 9
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Leadership, per the charity’s website
- Nii Apiakai Tackie-Yarboi — Presiding Bishop
- Bishop N.A. Tackie-Yarboi — Presiding Bishop
- Bishop Clement Asihene — Regional Overseer
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Rev CLEMENT AMANKWA ASIHENEchair
- JENNIFER ADOFO
- OBAA YAA BUAHIN
- Rev Oyewole Abioye
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.6m | £2.3m |
| 31/12/2023 | £2.4m | £2.1m |
| 31/12/2022 | £1.9m | £1.6m |
| 31/12/2021 | £1.6m | £1.2m |
| 31/12/2020 | £1.5m | £895k |
Common questions
Is VICTORY BIBLE CHURCH INTERNATIONAL financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £251,227 for the year ended 31 December 2024, with total incoming resources of £2,609,155 against total resources expended of £2,357,928. Per the trustees' report, the charity is financially stable, holding unrestricted reserves of £3,041,317 and net current assets of £676,496. The trustees maintain a reserves policy target of three months' running costs and confirmed adequate resources for the foreseeable future. Its FY2024 accounts were audited by Ashford Louis.
What does the highest-paid employee of VICTORY BIBLE CHURCH INTERNATIONAL earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Charities like this
- VICTORY CHRISTIAN CENTRE (THE CHURCH) IN FELLOWSHIP WITH ASSEMBLIES OF GOD
- VICTORY REVIVAL CHRISTIAN CENTRE
- VINE BAPTIST CHURCH
- LONDON CHURCH INTERNATIONAL
- GENERAL ASSEMBLY OF OUR LORD JESUS CHRIST APOSTOLIC INC
- VICTORY OUTREACH CHURCH LIVERPOOL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| VICTORY BIBLE CHURCH INTERNATIONAL | £2.6m | £60,001 - £70,000 | 1 | above | — | no doubt |
| VICTORY CHRISTIAN CENTRE (THE CHURCH) IN FELLOWSHIP WITH ASSEMBLIES OF GOD | £174k | — | 0 | within | — | no doubt |
| VICTORY REVIVAL CHRISTIAN CENTRE | £269k | — | 0 | unclear | — | no doubt |
| VINE BAPTIST CHURCH | £103k | — | 0 | unclear | — | no doubt |
| LONDON CHURCH INTERNATIONAL | £497k | — | 0 | no_policy | — | no doubt |
| GENERAL ASSEMBLY OF OUR LORD JESUS CHRIST APOSTOLIC INC | £137k | — | 0 | unclear | — | no doubt |