## **Victory** Victory **Church** Church **Charity Number 1052541**
## Trustees Report 2025
2025 saw our main source of income ( free will offerings ) increase by around 21% on the previous year. However other income fell by 22% compared with 2024. So total income was reduced by £16600 mainly because of less in grants. We have also seen a substanHal rise in the expense of day to day running due to the cost of electricity, gas, insurance etc.
Nevertheless we were sHll able to conHnue as normal. The congregaHon has conHnued to grow, with our main service being almost full every week. Indeed if everyone turned up at once we couldn’t fit them all in !
Another local charity have begun to hire our premises at Hmes throughout the week now. While this will provide extra income it will also incur extra running costs.
We have been able to provide essenHal help to relieve poverty to local folk in need ( due to previous years loRery grant ) and put on music events and refreshments with the same grant. We bought 120 new chairs with another grant provided. We conHnue to give financial sponsorship to two missionaries and one chaplain/lecturer. We also gave financial aid to several other bodies carrying out missional and relief work.
C Charlton ( treasurer)
Sunderland Road, Horden, Peterlee, SR8 4PF Tel: 0191 5868024 Email. contact@victorychurchhorden.com
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## **Victory** Victory **Church** Church **Charity Number 1052541**
Sunderland Road, Horden, Peterlee, SR8 4PF Tel: 0191 5868024 Email. contact@victorychurchhorden.com
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Victory Church Expenses 2025 s
|||||||
|---|---|---|---|---|---|
|**Ministry**|||5550|||
|**Missions**|||14009.14|||
|**Utilities**|||5229.95|||
|**Repairs&maintenance**|||4770.81|||
|**Insurance**|||2008.04|||
|**Website,media,stationary,copyright**|||1433.41|||
|**Professional services, training**|||2428.74|||
|**New Equipment**|||4703.35|||
|**Sundries,refreshments**|||2185.9|||
|**AOG/ conference**|||1647.99|||
|**Events**|||1623.9|||
|||||||
|**Total**|||45591.23|||
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1
**Ministry Missions Utilities Repairs&maintenance Insurance Website,media,stationary,copyright Professional services, training New Equipment Sundries,refreshments AOG/ conference Events Total**
2
Victory church budget 2026
||||||
|---|---|---|---|---|
||||||
|**Projected income**|||||
||||||
|**Oferings**||35,000.00|||
|**Gift aid**||3575.00|||
|**Small donations**||2000.00|||
|**Manse rent**||6600.00|||
|**Missions fund**||1350.00|||
|**Room hire**||6500.00|||
|**Interest**||1300.00|||
||||||
||||||
|**Total**||56,325.00|||
||||||
|**Projected**
**expenses**|||||
||||||
|**Visiting ministry**||5500.00|||
|**Direct support**||5400.00|||
|**General running**||11,000.00|||
|**New Equipment**||3000.00|||
|**Maintenance/**
**repair**||2000.00|||
|**Missions**||7000.00|||
|**AOG**||1600.00|||
|**Hardship relief**||6,000.00|||
|**Events**||4,000.00|||
||||||
||||||
|**Total**||45,400.00|||
||||||
|**Projected surplus**||10,925.00|||
1
Victory church income 2025
||||||
|---|---|---|---|---|
|**Tithes and**
**oferings**||35332.20|||
|**Missions fund**||1334.33|||
|**Gift aid/ small**
**donations returns**||5496.14|||
|**Rainbow promise**||1500.00|||
|**Manse rental**||6600.00|||
|**Hire of Ark**||1605.00|||
|**Interest**||1385.50|||
|**Grants ( chairs )**||3500.00|||
|**MacMillan**||300.00|||
|**Other**
**contributions**||302.80|||
|**Christmas meals**||792.00|||
|**Refunds**||20.54|||
||||||
|**Total**||58168.51|||
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## Victory Church Financial Summary 2025
||||||
|---|---|---|---|---|
|**Opened Year**||||103,375.80|
|**Income**||||58168.51|
|**Total**||||161,544.31|
||||||
|**Expenses**||||45591.23|
||||||
|**Closed Year**||||115,953.08|
||||||
|**Funds Made up of**|||||
|**Current Account**||||15872.44|
|**Savings Account**||||100,073.48|
|**Cash in Hand**||||7.16|
|**Total**||||115,953.08|
||||||
|**Toddlers Account**|||||
|**Opened Year**||||2794.72|
|**Collections**||||1796.81|
|**Sub Total**||||4591.53|
|**Expenses**||||889.85|
|**Closed Year**||||3701.68|
||||||
|**Estimate of**
**Church Assets**|||||
|**Manse, Ark, and**
**Contents**||||260,000.00|
|**Church and**
**Contents**||||100,000|
|**Total**||||360,000.00|
1
## AccuTax Accountng
## **Annual account for the year ended 31st December 2025**
This is a report in the respect of an examination carried out under Section 43 of the Charities Act and in accordance with any directions give by the Charity Commissioners under subsection (7)(b) of that section which are applicable.
There are no matters coming to my attention which gives me reasonable cause to believe that in any material respect: -
- a) Accounting records have not been kept in respect of the charity in accordance with Section 41 of the 1993 Act: or
- b) The accounts do not accord with those records; or
- c) The statement of accounts does not comply with any of the requirements of regulation 3 of The Charities (Accounts and Reports) regulations 1995.
There are no matters coming to my attention in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the account to be reached.
Yours Sincerely
Wes Hepburn
External Auditor
Wes Hepburn ACCA, AATQB AccuTax Accounting 07528113601
## **AccuTax Accountng**
## **External Audit Report for Year Ended 31st December 2025 16/02/2026**
## **GENERAL ACCOUNTS**
Accounts audited and found to be correct.
## **MISSION 3:16**
Audited and found to be correct
## **THE ARK TODDLER**
Accounts audited and found to be correct
## **FINANCIAL SUMMARY 2025**
Accounts audited and found to be correct. All transactions are recorded and an excellent level of bookkeeping evident.
Signed:
Wes Hepburn
External Auditor
Wes Hepburn ACCA, AATQB AccuTax Accounting 07528113601
## AccuTax Accountng
Independent Examiners Report on behalf of Horden Victory Church, Mission and The Ark.
## **Independent Examiners Report**
Wesley Hepburn from AccuTax Accounting reports the year-end financial accounts for Horden Victory Church, Horden Mission and The Ark for the period of 1[s ] January 2025 – 31[st] December 2025.
## **Respectve Responsibilites of Trustees and Examiner**
The Trustees of Horden Victory (registered Charity) are responsible for the preparation of the accounts; they consider that the audit requirement under section 144 of the Charities Act 2011 does not apply. I have been appointed under the Charities Act 211 and report in accordance with the regulations made under section 145. It is my responsibility to examine the accounts and statement, with no audit required, and to report information and findings to the Trustees.
## **Basis of Examiners Statement**
This report is in respect of an examination carried out in accordance with the directions given by the Charity Commissioners under the Act. An examination includes a review of the accounting records kept by the charity Trustees and a comparison of the accounts presented with those records. It also includes a review of the accounts and making such enquires as are necessary for the purpose of this report. The procedures undertake do not constitute an Audit
## **Examiner’s Statement**
Based on my examination, at no point has any matter come to my attention which gives reasonable cause to believe that in any material respect, accounting records have not been in accordance with section 130 of the Charities Act 2011. I am satisfied that the accounts presented are in accordance with section 130 of the Charities Act and comply with the accounting requirements of the Charities Act 2011. No material has given me doubt of incompliance with the required accounting procedural requirements.
Wes Hepburn ACCA, AATQB AccuTax Accounting 07528113601