2024-12-31-accounts - Victory Revival Christian Centre

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REGISTERED CHARITY NUMBER: 1067815

VICTORY REVIVAL CHRISTIAN CENTRE

REPORT AND FINANCIAL STATEMENT FOR THE

YEAR ENDED 31[ST] DECEMBER 2024

J &T LEXINGTON SERVICES LIMITED 8 HOLME CLOSE, REDHILL GRANGE WELLINGBOROUGH NN9 5YF

VICTORY REVIVAL CHRISTIAN CENTRE

	Page
CONTENTS	2
Charity information	3
Trustees’ Report	4
Independent Examiner’s report	5
Income and Expenditure Account	6
Balance Sheet	7
Notes to the Accounts	8 – 11

VICTORY REVIVAL CHRISTIAN CENTRE

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1067815

Registered office 7 Croft Avenue Tamworth B79 8AY

Trustees

Pastor Simon Ihianacho Rev. Julius Kariuki Muiruri Rev Virginia Spencer

Accountants

J & T Lexington Services Limited 8 Holme Close Redhill Grange Wellingborough NN9 5YF

VICTORY REVIVAL CHRISTIAN CENTRE

Trustees’ Report

The Trustees have pleasure in submitting their report, and accounts for the year ended 31[st] December 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 7, and comply with the statement of recommended practice.

Constitution, objective of the charity, principal activity and organisation of our work

The charity is constituted under a declaration of trust dated 20[th] January 1998 with UK registered charity no. 1067815.

The objectives of the charity as set out in the Declaration of trust are:

The advancement of Christian faith.
The relief of poverty

The ministry was involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ. Some of the events that took place during the year were:

New year’s celebrations.
Easter gathering in our Oxford branch,
Annual conference took place in Heston.

Development activities and achievement in the year

The trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.

Many Christian and non-Christians attended our services and many re-dedicated their lives to our Lord and Saviour, Jesus Christ.

Review of the financial position

The charity made a surplus for the year amounting to £63,370. (2022 surplus: £5,774).

Approval

The report was approved by the board of trustees on …………… 2025 and signed on their behalf by:

________ Julius Muiruri TRUSTEE

VICTORY REVIVAL CHRISTIAN CENTRE

Independent Examiner’s Report

To the Trustees of VICTORY REVIVAL CHRISTIAN CENTRE

I report on the accounts of the church for the year ended 31[st] December 2024 set out on pages six to eleven

Respective responsibilities of trustees and examiner

The trustees of the charity are responsible for the preparation of the accounts. The charity’s trustee consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act), and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

1) Examine the accounts under section 145 of the 2011 Act.
2) Follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act) and
3) To state whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statements below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006;
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice and Reporting by Charities have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Joseph Kinuthia C.P.A, DMS, MBA J & T Lexington Services Ltd 8 Holme Close, Redhill Grange Wellingborough NN9 5YF

VICTORY REVIVAL CHRISTIAN CENTRE

Statement of financial activities for the year ended 31[st] December 2024 Incorporating the Income and Expenditure Account

Note Incoming Resources Incoming resources from generated funds Voluntary income 2 Gift Aid Interest income Total Incoming Resources Resources expended Charitable activities Administrative expenses Rent & Rates Conferences & Hospitality Gift & donations Printing & Stationery Church Supply Subsistence allowance Travelling & Accommodation Repairs & renewals Mission Bank charges & interest Advertising Telephone & postage Professional & legal charges Water, gas & electricity Training Depreciation Governance costs 3 Total resources expended Net incoming/ (outgoing) resources Balances carried forward at 31st December 2024	2023 £ 218,737 50,254 507 269,498 - 51,522 25,559 37,654 9,592 1,140 35,865 4,331 18,552 2,449 2,257 339 973 3,891 4,852 - 6,752 205,728 400 206,128 63,370 63,370	2022 £
		151,693 37,413 210
		189,316
		1,535 65,739 20,159 12,616 2,951 1,518 16,250 2,694 37,712 480 4,214 - 2,557 3,566 3,905 1,333 5,913
		183,142 400
		183,542
		5,774 5,774

There were no recognised gains or losses in the year. All activities derive from continuing operations.

VICTORY REVIVAL CHRISTIAN CENTRE

Balance Sheet as at 31[st] December 2024

Note Fixed assets Tangible fixed assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors- amounts falling due within one year 6 Net current assets Net assets Represented by: Creditors- amounts falling due 7 after one year Funds of the charity Reserves Net incoming resources	50,254 185,437		2024 £ 161,800 235,291 397,091 10,402 323,319 63,370 397,091		2023 £ 157,957 37,413 145,687
	235,691 (400)				183,100 (400)
					182,700
					340,657
					17,338 317,545 5,774
					340,657

The financial statements were approved by the Trustees on ……………2025 and signed on their behalf by:

Bishop Julius Muiruri ___________

Trustee

VICTORY REVIVAL CHRISTIAN CENTRE Notes to the financial statements for the year ended 31[st] December 2024

1. Accounting policies

a) Accounting basis

These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Act 1993 and the Statement of Recommended Practice on Accounting by Charities published in March 2008. The adoption of the revised SORP has resulted in reclassification of some items.

b) Incoming resources

i) Voluntary income Voluntary income is received by way of Tithes offerings, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

ii) Bank interest

Bank interest is included in the income and expenditure account on receipt.

c) Resources expended

All expenditure is accounted for on an accruals basis.

d) Fixed assets and depreciation

Fixed assets are included at cost. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life using the reducing balance method. Assets are depreciated as follows: Land & Building at 2% Instruments & Equipments at 12.5%. Fixtures & fittings at 6.5%

e) Restricted and unrestricted funds

Income received for restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated. Restricted funds are those funds which represent grants and donations for a specific purpose. Upon full performance of the purpose of the grant, any surplus is then retrievable by the donor. Income generated for the objects of the charity without further specified purpose is allocated to unrestricted funds. Accumulated surpluses may be retained by the church and are expendable at the discretion of the trustees in furtherance of the church’s objects. There were no restricted funds during the year.

VICTORY REVIVAL CHRISTIAN CENTRE

Notes to the financial statements for the year ended 31[st] December 2024

1. Accounting policies (continued)

f) Designated funds

Designated funds are allocated out of unrestricted funds by the trustees for specific purposes. The use of such funds is at the trustees’ discretion. There were no designated funds during the year.

g) Irrecoverable VAT

The church is unable to recover VAT since it does not make taxable supplies. The cost of irrecoverable VAT is not separately analysed in the financial statements.

h) Cash Flow

The church has taken advantage of the exemptions in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small church.

2. Incoming resources from generated funds

Voluntary income Tithes and offerings	Unrestricted £ 218,737 218,737	Restricted £ 0.00 0.00	Total funds 2024 £
			218,737
			218,737

VICTORY REVIVAL CHRISTIAN CENTRE

Notes to the financial statements for the year ended 31[st] December 2024

3. Governance costs

Accountancy fees	£ 400
	400

4. Tangible fixed assets

Cost At 1st January 2024 Additions At 31st December 2024 Depreciation At 1st January 2024 Charge At 31st December 2024 Net book value 2024 Net book value 2023	Land & Building 175,000 - 175,000 40,418 2,692 43,110 131,890 134,582	Fixtures & Fittings £ 800 - 800 499 20 519 281 301	Church Equipment & Instruments £ 78,253 10,595 88,848 55,179 4,040 59,219 29,629 23,074	Total £
				254,053 10,595
				264,648
				96,096 6,752
				102,848
				161,800
				157,957

VICTORY REVIVAL CHRISTIAN CENTRE

Notes to the financial statements for the year ended 31[st] December 2024

5. Debtors

Sundry debtors HMRC – Gift Aid		2024 £ 50,254 50,254		2023 £ 37,413
				37,413

6. Creditors – amounts falling due within one year

Other creditors and accruals	2024 £ 400	2023
		£ 400

7. Creditors – amounts falling due more than one year

Long term liability-Mortgage		2024 £ 10,402		2023 £ 17,338

8. Financial commitments

Capital Commitments

The church had a capital commitment in form of a mortgage as at 31[st] December 2024.

Operating lease commitments

The church had an operating lease in Oxford as at 31[st] December 2024.