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2023-09-30-accounts

Birmingham Victory Unity Centre

Charity No. 1094336

Company No. 04426679

Trustees' Report and Unaudited Accounts

30 September 2023

Birmingham Victory Unity Centre CONTENTS

Pages 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 1 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 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 04426679

Charity No. 1094336

Registered Office

Ebenezer Mission Hall Cook Street Nechells Birmingham B7 5LP

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

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 year of planning and reorganising our future goals, we have not been continue carried out any special events, such as conferences, Training, Worship seminars, prayer vigil and however we have had some fellowship meals members and families within out church community as a way of building unity and relationships. We are now back to having our live Sunday services , having secured a suitable venue in which we can meet.

Page 2

Birmingham Victory Unity Centre TRUSTEES ANNUAL REPORT

FINANCIAL REVIEW

The financial year 20 -2 , 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.

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

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 08 June 2024

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 2023 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:

to keep accounting records in accordance with the Companies Act 2006, s.386 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice: Accounting and Reporting by Charities,

have not been met: or

Mr R D Patel FFA/FIPA FFTA ATT

Accountants

R & J Accountants 12 Lilafield Court

638 Kingstanding Road

Page 4

Birmingham Victory Unity Centre STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 30 September 2023

Notes
Income and endowments
from:
Donations and legacies
4
Investments
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net expenditure
8
Net 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
2023
£
37,108
1		 Total funds
2023
£
37,108
1		 Total funds
2022
£
44,652
-
37,109
25,823
21,454		 37,109
25,823
21,454		 44,652
30,382
22,705
47,277
-		 47,277
-		 53,087
-
(10,168) (10,168) (8,435)
(10,168) (10,168) (8,435)
(10,168)
3,876		 (10,168)
3,876		 (8,435)
12,311
(6,292) (6,292) 3,876

Page

Birmingham Victory Unity Centre SUMMARY INCOME AND EXPENDITURE ACCOUNT

for the year ended 30 September 2023

Income
Interest and investment income
Gross income for the year
Expenditure
Interest payable
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net expenditure before tax for the year
Net expenditure for the year		 2023
£
37,108
1
37,109
47,039
54
184
47,277
(10,168)
(10,168)		 2022
£
44,652
-
44,652
52,796
45
246
53,087
(8,435)
(8,435)

Page

Birmingham Victory Unity Centre BALANCE SHEET

at 30 September 2023

Company No.
04426679
Notes
2023
£
Fixed assets
Tangible assets
10
553
553
Current assets
Debtors
11
-
Cash at bank and in hand
6,634
6,634
Creditors:Amount falling due within one year
12
(13,479)
Net current (liabilities)/assets
(6,845)
Total assets less current liabilities
(6,292)
Net (liabilities)/assets excluding pension asset or liability
(6,292)
Total net (liabilities)/assets
(6,292)
The funds of the charity
Restricted funds
13
Unrestricted funds
13
General funds
(6,292)
(6,292)
Reserves
13
Total funds
(6,292)		 2022
£
737
737
4,780
8,463
13,243
(10,104)
3,139
3,876
3,876
3,876
3,876
3,876
3,876

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 2023 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 08 June 2024

And signed on its behalf by:

D. McKenzie

Trustee

08 June 2024

Page

Birmingham Victory Unity Centre STATEMENT OF CASH FLOWS

for the year ended 30 September 2023

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease in trade and other receivables
Increase in trade and other payables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net 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		 2023
£
(10,168)
184
(1)
4,780
226
(4,979)
1
1
-
(4,978)
(1,641)
(6,619)
6,634
(13,253)
(6,619)		 2022
£
(8,435)
246
-
-
-
(8,189)
-
-
-
(8,189)
6,548
(1,641)
8,463
(10,104)
(1,641)

Page

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

for the year ended 30 September 2023

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

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

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

Expenditure

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:

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 1

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 1

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		 Unrestricted
funds
2022
£
44,652
44,652
30,382
22,705
53,087
(8,435)
(8,435)
(8,435)
12,311
3,876		 2022
£
-
-
-
-
-
-
-
-
-
-		 2022
£
-
-
-
-
-
-
-
-
-
-		 Total funds
2022
£
44,652
44,652
30,382
22,705
53,087
(8,435)
(8,435)
(8,435)
12,311
3,876

4 Income from donations and legacies

Tithes Gifts & Offering
Building Funds
Gift Aid		 Unrestricted
£
26,221
5,260
5,627
37,108		 Total
2023
£
26,221
5,260
5,627
37,108		 Total
2022
£
29,489
3,672
11,491
44,652

Page 1

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

5 Income from investments

5
Income from investments
6
Expenditure on charitable activities
Expenditure on charitable
activities
Activities and Events
Charitable donations and
offerings
Governance costs
Ministers' Fees
Accountancy
7
Other expenditure
Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
8
Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets
9
Staff costs		 Unrestricted
£
1
1
Unrestricted
£
484
1,675
20,964
2,700
25,823
Unrestricted
£
54
1,000
2,052
8,054
184
10,110
21,454
2023
£
184		 Total
2023
£
1
1
Total
2023
£
484
1,675
20,964
2,700
25,823
Total
2023
£
54
1,000
2,052
8,054
184
10,110
21,454		 Total
2022
£
-
-
Total
2022
£
343
700
26,639
2,700
30,382
Total
2022
£
45
4,023
5,018
6,336
246
7,037
22,705
2022
£
246

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

Page 1

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

10 Tangible fixed assets

Cost or revaluation
At 1 October 2022
At 30 September 2023
Depreciation and
impairment
At 1 October 2022
Depreciation charge for the
year
At 30 September 2023
Net book values
At 30 September 2023
At 30 September 2022
11 Debtors
Other debtors
12 Creditors:
amounts falling due within one year
Bank loans and overdrafts
Accruals and deferred income
13 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Revaluation Reserves:
Total funds		 At 1 October
2022
3,876
3,876		 Motor
Vehicles
£
3,513
3,513
3,513
-
3,513
-
-
2023
£
-
-
2023
£
13,253
226
13,479
Incoming
resources
(including
other
gains/losses
)
£
37,109
37,109		 Fixtures &
Fittings
£
15,408
15,408
14,671
184
14,855
553
737
Resources
expended
£
(47,277)
(47,277)		 Total
£
18,921
18,921
18,184
184
18,368
553
737
2022
£
4,780
4,780
2022
£
10,104
-
10,104
At 30
September
2023
£
(6,292)
(6,292)

Page 1

Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS

14 Analysis of net assets between funds

Analysis of net assets between funds
Fixed assets
Net current assets		 Unrestricted
funds
£
553
(6,845)
(6,292)		 Total
£
553
(6,845)
(6,292)

15 Related party disclosures

Controlling party

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

Page 1

Birmingham Victory Unity Centre DETAILED STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 30 September 2023

Income and endowments from:
Donations and legacies
Tithes Gifts & Offering
Building Funds
Gift Aid
Investments
Total income and endowments
Expenditure on:
Charitable activities
Activities and Events
Charitable donations and offerings
Governance costs
Ministers' Fees
Accountancy
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest
payable
Employee costs
Staff training
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Rates
Light, heat and power
Premises insurances
Premises repairs and
maintenance		 Unrestricted
funds
2023
£
26,221
5,260
5,627
37,108
1
1
37,109
484
1,675
2,159
20,964
2,700
23,664
25,823
54
54
1,000
1,000
2,052
2,052
6,708
1,346
-
-
-
8,054		 Total funds
2023
£
26,221
5,260
5,627
37,108
1
1
37,109
484
1,675
2,159
20,964
2,700
23,664
25,823
54
54
1,000
1,000
2,052
2,052
6,708
1,346
-
-
-
8,054		 Total funds
2022
£
29,489
3,672
11,491
44,652
-
-
44,652
343
700
1,043
26,639
2,700
29,339
30,382
45
45
4,023
4,023
5,018
5,018
3,918
1,509
(636)
1,395
150
6,336

Page

Birmingham Victory Unity Centre DETAILED STATEMENT OF FINANCIAL ACTIVITIES

General administrative costs,

including depreciation and
amortisation
Depreciation of Motor Vehicles
Depreciation of Fixtures &
Fittings
Bank charges
General insurances
Information and publications
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 expenditure
Net expenditure before other
gains/(losses)
Other Gains
Net movement in funds		 -
184
2,440
72
576
560
-
1,240
2,334
2,888
10,294
21,454
47,277
-
(10,168)
(10,168)
-
(10,168)		 -
184
2,440
72
576
560
-
1,240
2,334
2,888
10,294
21,454
47,277
-
(10,168)
(10,168)
-
(10,168)		 -
246
1,292
201
16
213
2
1,320
1,097
2,896
7,283
22,705
53,087
-
(8,435)
(8,435)
-
(8,435)

Page 1