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2021-09-30-accounts

Birmingham Victory Unity Centre

Charity No. 1094336

Company No. 04426679

Trustees' Report and Unaudited Accounts

30 September 2021

Birmingham Victory Unity Centre CONTENTS

Pages
Trustees' Annual Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Summary Income and Expenditure Account 6
Balance Sheet 7
Statement of Cash flows 8
Notes to the Accounts 9 to 15
Detailed Statement of Financial Activities 17 to 17

Page 1

Birmingham Victory Unity Centre TRUSTEES ANNUAL REPORT

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 04426679

Charity No. 1094336

Registered Office

BIRMINGHAM VICTORY UNITY CTR

James Memorial Homes Stuart Birmingham West Midlands B7 5NW

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

J.K. Haughton

D. McKenzie

V. Taylor

Accountants

R & J Accountants 12 Lilafield Court 638 Kingstanding Road Birmingham B44 9SL

OBJECTIVES AND ACTIVITIES

OBJECTIVES AND AIMS

The advancement of the Christian Faith in accordance with the doctrines set out in the schedule and the worship of god in Birmingham and elsewhere by any means whatsoever including but not by limitation the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of Christian people and the printing and distribution of the bible and Christian literature SIGNIFICANT ACTIVITIES

ACHIEVEMENTS AND PERFORMANCE

This year has been a challenge due to covid-19, We were not able to continue to provide special events, as conferences, Training, Worship seminars, prayer vigil and fellowship meals with friends and families. However, we continue with our regular services on line via zoom.

FINANCIAL REVIEW

Page 2

Birmingham Victory Unity Centre TRUSTEES ANNUAL REPORT

PRINCIPAL FUNDING SOURCES

The financial year 2020-21, We continue to be optimistic and creative with much of our activities. The faithfulness of our members and partners has been exceptional throughout this pandemic.

Their sacrificial giving and commitment to the organisation and has sustained us through this very challenging times. We are grateful to God for their financial support and love for the organisation and its vision so see our community and its members, getting the help and support it needs.

We are now to look at new ways how we can generate added sustainable income and support through fund raising activities, events, and marketing material.

So that individuals and members can receive help from our organisations services that we aim to provide, by helping those who, feel disenfranchised, marginalised, labelled, and disadvantaged within our community because they have been affected by the Covid-19 pandemic.

RESERVES POLICY

Our aim is to continue to build up reserves to keep a contingency fund in the bank to cover the ongoing costs and emergencies of the charity. We would also like to hold some funds so that we can act on a prompt basis to a higher level of excellence and reach any given need effectively.

This is not possible due pandemic; however, we continue to work towards this with our members and partners. We believe our responsibility is to promote a high level of community care and address the social needs of humanity and lovingly support and serve our local community especially in and during these difficult times, so we can live in a safe and cohort community.

PLANS FOR FUTURE PERIODS

Our aim is still the same that is to continue to work with are partners and help, to strengthen our

relationship with the community and local agencies that are addressing the social and economic needs of our local community, despite it being one of the most challenging years. The Future plans are to grow the Church membership by reaching out to the local community. Our aim is still the same to increase our evangelistic outreach to families, friends, and the local community, to widen our food bank programme even further due to the current need.

And to buy our own church building. In addition to this grow the organisation, by empowering and training the volunteers with the various Departments with the skill need to supply an excellent service. We have received help from the partnership and relationship within our umbral organisation during this pandemic. Jabula New life, which supplies practical support and facilitates training and resources to help the organisations grow.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

D. McKenzie

Trustee

19 January 2022

Page 3

Birmingham Victory Unity Centre INDEPENDENT EXAMINERS REPORT

Independent Examiner's Report to the trustees of Birmingham Victory Unity Centre

I report on the accounts of Birmingham Victory Unity Centre for the year ended 30 September 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Respective responsibilities of trustees and examiner

The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

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

examine the accounts under s.145 of the 2011 Act;

to follow procedures laid down in the general Directions given by the Charity Commission under s.145(5)(b) of the 2011 Act; and

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 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 statement below.

Independent examiner's statement

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

have not been met: or

Mr R D Patel FFA/FIPA FFTA FAIA ATT

Association of International Accountants

R & J Accountants

12 Lilafield Court

638 Kingstanding Road

Birmingham B44 9SL

19 January 2022

Page 4

Birmingham Victory Unity Centre STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 30 September 2021

Notes
Income and endowments
from:
Donations and legacies
4
Total
Expenditure on:
Charitable activities
5
Other
6
Total
Net gains on investments
Net income/(expenditure)
7
Net income/(expenditure)
before other gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2021
£
49,150		 Total funds
2021
£
49,150		 Total funds
2020
£
41,845
41,845
36,532
16,428
52,960
-
(11,115)
(11,115)
(11,115)
19,477
8,362
49,150
32,479
12,722		 49,150
32,479
12,722
45,201
-		 45,201
-
3,949 3,949
3,949 3,949
3,949
8,361		 3,949
8,361

12,310		 12,310

Page 5

Birmingham Victory Unity Centre SUMMARY INCOME AND EXPENDITURE ACCOUNT

for the year ended 30 September 2021

Income
Gross income for the year
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2021
£
49,150
49,150
44,872
1
328
45,201
3,949

3,949		 2020
£
41,845
41,845
52,452
-
508
52,960
(11,115)

(11,115)

Page 6

Birmingham Victory Unity Centre BALANCE SHEET

at 30 September 2021

Company No.
04426679
Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors:Amount falling due within one year
11
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
12
Unrestricted funds
General funds
12
Reserves
12
Total funds		 2021
£
983
983
4,780
12,516
17,296
(5,969)
11,327
12,310
12,310

12,310
12,310
12,310

12,310		 2020
£
1,310
1,310
10,580
5,311
15,891
(8,840)
7,051
8,361
8,361

8,361

8,361
8,361

8,361

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 19 January 2022

And signed on its behalf by:

D. McKenzie Trustee 19 January 2022

Page 7

Birmingham Victory Unity Centre STATEMENT OF CASH FLOWS for the year ended 30 September 2021

Cash flows from operating activities
Net income/(expenditure) per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Decrease in trade and other receivables
Increase/(Decrease) in trade and other payables
Net cash provided by/(used in) operating activities
Net cash from investing activities
Net cash from financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances
Bank overdrafts		 2021
£
3,949
328
5,800
1
10,078
-
-
10,078
(3,530)
6,548
12,516
(5,969)
6,547		 2020
£
(11,115)
508
8,000
(1)
(2,608)
-
-
(2,608)
(922)
(3,530)
5,311
(8,841)
(3,530)

Page 8

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

for the year ended 30 September 2021

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 if Ireland (FRS 102) - Charities SORP (FRS 102) (effective 1 January 2015) - the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

Expenditure

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor Vehicles 25% Reducing basis Fixtures & Fittings 25% Reducing basis

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with throug the Statement of Financial Activities. No depreciation is provided in respect of investment properties.

This treatment conflicts with the requirements of the Companies Act 2006 that all properties should be depreciated. The directors consider that, because these properties are not held for consumption, but for their investment potential it is necessary to adopt the requirements of the FRSSE in order to give a true and fair view.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 10

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies 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 income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Page 11

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Tithes Gifts & Offering
Building Funds
Gift Aid
8,362
Unrestricted
funds
2020
£
41,845
41,845
36,532
16,428
52,960
(11,115)
(11,115)
(11,115)
19,477		 -
Unrestricted
£
32,722
6,863
9,565
49,150
2020
£
-
-
-
-
-
-
-
-
-
-
Total
2021
£
32,722
6,863
9,565
49,150
2020
£
-
-
-
-
-
-
-
-
-
8,362
Total
2020
£
35,001
1,500
5,344
Total funds
2020
£
41,845
41,845
36,532
16,428
52,960
(11,115)
(11,115)
(11,115)
19,477
8,362
Total
2020
£
35,001
1,500
5,344
Total funds
2020
£
41,845
41,845
36,532
16,428
52,960
(11,115)
(11,115)
(11,115)
19,477
41,845

Page 12

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

5
Expenditure on charitable activities
Expenditure on charitable
activities
Activities and Events
Charitable donations and
offerings
Governance costs
Ministers' Fees
Accountancy
Clerical fees
6
Other expenditure
Bank loan and overdraft
interest payable
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
7
Net income/(expenditure) before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Staff costs		 Unrestricted
£
319
8,250
21,010
2,700
200
32,479
Unrestricted
£
1
991
3,603
328
7,799
12,722
2021
£
328		 Total
2021
£
319
8,250
21,010
2,700
200
32,479
Total
2021
£
1
991
3,603
328
7,799
12,722		 Total
2020
£
723
14,079
19,430
2,300
-
36,532
Total
2020
£
-
1,828
4,514
508
9,578
16,428
2020
£
508

No employee received emoluments in excess of £60,000.

Page 13

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

9 Tangible fixed assets

At 30 September 2021
Net book values
At 30 September 2021
At 30 September 2020
10 Debtors
Other debtors
11 Creditors:
amounts falling due within one year
Bank loans and overdrafts
Accruals and deferred income
12 Movement in funds
Restricted funds:
Unrestricted funds:
Cost or revaluation
At 1 October 2020
At 30 September 2021
Depreciation and
impairment
At 1 October 2020
Depreciation charge for the
year
General funds
Revaluation Reserves:
Total funds		 At 1 October
2020
8,361
8,361		 Motor
3,513
Vehicles
£
3,513
3,513
3,513
-		 Fixtures &
14,425
Fittings
£
15,408
15,408
14,097
328

-
983
- 1,311
2021
£
4,780

4,780


Resources
expended
£
(45,201)

(45,201)

2021
£
5,969
-

5,969

Incoming
resources
(including
other
gains/losses
)
£
49,150

49,150

Page 14

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

13 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Net current assets		 Unrestricted
funds
£
983
11,327

12,310		 Total
£
983
11,327

12,310

14 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 15

Birmingham Victory Unity Centre DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 30 September 2021

Income and endowments from:
Donations and legacies
Tithes Gifts & Offering
Building Funds
Gift Aid
Total income and endowments
Expenditure on:
Charitable activities
Activities and Events
Charitable donations and offerings
Governance costs
Ministers' Fees
Accountancy
Clerical fees
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest
payable
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Light, heat and power
Premises cleaning
General administrative costs,
including depreciation and
amortisation
Depreciation of Motor Vehicles
Depreciation of Fixtures &
Fittings
Bank charges
General insurances
Information and publications		 Unrestricted
funds
2021
£
32,722
6,863
9,565
49,150
49,150
319
8,250
8,569
21,010
2,700
200
23,910
32,479
1
1
991
991
1,750
1,757
96
3,603
-
328
1,386
(20)
137		 Total funds
2021
£
32,722
6,863
9,565
49,150
49,150
319
8,250
8,569
21,010
2,700
200
23,910
32,479
1
1
991
991
1,750
1,757
96
3,603
-
328
1,386
(20)
137		 Total funds
2020
£
35,001
1,500
5,344
41,845
41,845
723
14,079
14,802
19,430
2,300
-
21,730
36,532
-
-
1,828
1,828
3,000
1,290
224
4,514
71
437
1,827
98
135

Page 16

Birmingham Victory Unity Centre DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Birmingham Victory Unity Centre
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds		 14
732
-
1,600
480
3,470
8,127
12,722
45,201
-
3,949
3,949
3,949
-		 14
732
-
1,600
480
3,470
8,127
12,722
45,201
-
3,949
3,949
3,949
-		 80
94
270
2,750
1,101
3,223
10,086
16,428
52,960
-
(11,115)
(11,115)
-
(11,115)

Page 17