Birmingham Victory Unity Centre
Charity No. 1094336
Company No. 04426679
Trustees' Report and Unaudited Accounts
30 September 2024
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 2024.
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
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 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
PRINCIPAL FUNDING SOURCES
The financial year 2023-24, We continue to be optimistic although and creative with much of our activities. The faithfulness of our members and partners continues to be relentless it's a real source of great strength and support to the Charity and the work that we continue to do.
Their sacrificial giving and commitment to the work we do continues to see us through challenging times. We remain grateful to God for their financial support and love for the organisation and the vision we carry for the community and its members, we continue to believe and work hard towards our own multipurpose church/Community building that can facilitate all that we offer to our community and outreach programs designed to meet the current pressing needs in our community.
RESERVES POLICY
Our objective is to continue building our financial reserves to maintain a contingency fund that ensures we can cover the charity’s ongoing costs and respond effectively to emergencies. Additionally, we aim to hold sufficient funds to act promptly and deliver a higher standard of support to meet urgent needs as they arise.The impact of the recent pandemic has posed financial challenges, resulting in a shortfall for the charity. However, despite these difficulties, we remain committed to our mission. Through dedicated efforts alongside our members and partners, we continue to work towards achieving our charitable goals. We believe it is our responsibility to foster a strong sense of community care, address pressing social needs, and provide compassionate support to those in need. Especially during these challenging times, our focus remains on creating a safe, connected, and supportive community for all.
PLANS FOR FUTURE PERIODS
Our ongoing plans include growing the Church membership and regaining the momentum lost during the COVID-19 pandemic. Many in our community are still struggling with its lasting impact on their health and well-being, and we aim to reach out to provide support. Our focus remains on expanding our evangelistic outreach to families, friends, and the wider community while further developing our food bank programme to meet the increasing needs of those facing hardship. A key long-term goal is to secure our own Church building, which will provide a stable foundation for our work. Additionally, we are committed to strengthening the organisation by empowering and training our volunteers across various departments, equipping them with the necessary skills to deliver excellent services. We continue to work closely with our umbrella organisation, Jabula New Life, which provides practical support, training, and resources to aid our growth and effectiveness.
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 02 April 2025
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 2024 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:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements: 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
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr R D Patel FFA/FIPA FFTA ATT (Fellow) by Institute of Financial Accountants
R & J Accountants
12 Lilafield Court
638 Kingstanding Road Birmingham B44 9SL
02 April 2025
Page 4
Birmingham Victory Unity Centre STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 30 September 2024
| 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 income/(expenditure) 8 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 2024 £ 39,013 47 |
Total funds 2024 £ 39,013 47 |
Total funds 2023 £ 37,108 1 |
|---|---|---|---|
| 39,060 26,919 8,957 |
39,060 26,919 8,957 |
37,109 25,823 21,454 |
|
| 35,876 - |
35,876 - |
47,277 - |
|
| 3,184 | 3,184 | (10,168) | |
| 3,184 | 3,184 | (10,168) | |
| 3,184 (6,292) |
3,184 (6,292) |
(10,168) 3,876 |
|
| (3,108) | (3,108) | (6,292) |
Page 5
Birmingham Victory Unity Centre SUMMARY INCOME AND EXPENDITURE ACCOUNT
for the year ended 30 September 2024
| 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 income/(expenditure) before tax for the year Net income /(expenditure )for the year |
2024 £ 39,013 47 39,060 35,738 - 138 35,876 3,184 3,184 |
2023 £ 37,108 1 |
|---|---|---|
| 37,109 | ||
| 47,039 54 184 |
||
| 47,277 | ||
| (10,168) | ||
| (10,168) |
Page 6
Birmingham Victory Unity Centre BALANCE SHEET
at 30 September 2024
| Company No. 04426679 Notes 2024 £ Fixed assets Tangible assets 10 415 415 Current assets Cash at bank and in hand 9,682 9,682 Creditors:Amount falling due within one year 11 (13,205) Net current liabilities (3,523) Total assets less current liabilities (3,108) Net liabilities excluding pension asset or liability (3,108) Total net liabilities (3,108) The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds (3,108) (3,108) Reserves 12 Total funds (3,108) |
2023 £ 553 |
|---|---|
| 553 6,634 |
|
| 6,634 (13,479) |
|
| (6,845) (6,292) |
|
| (6,292) | |
| (6,292) | |
| (6,292) | |
| (6,292) | |
| (6,292) |
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 2024 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 02 April 2025
And signed on its behalf by:
D. McKenzie Trustee
02 April 2025
Page 7
Birmingham Victory Unity Centre STATEMENT OF CASH FLOWS for the year ended 30 September 2024
| Cash flows from operating activities Net income/(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 (Decrease)/Increase in trade and other payables Net cash provided by/(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 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 |
2024 £ 3,184 138 (47) - (224) 3,051 47 47 - 3,098 (6,619) (3,521) 9,682 (13,203) (3,521) |
2023 £ (10,168) 184 (1) 4,780 226 |
|---|---|---|
| (4,979) 1 |
||
| 1 | ||
| - | ||
| (4,978) | ||
| (1,641) | ||
| (6,619) | ||
| 6,634 | ||
| (13,253) | ||
| (6,619) |
Page 8
Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS
for the year ended 30 September 2024
- 1 Accounting policies
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
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
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.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
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 Investments 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 2023 £ 37,108 1 37,109 25,823 21,454 47,277 (10,168) (10,168) (10,168) 3,876 (6,292) |
2023 £ - - - - - - - - - - - |
2023 £ - - - - - - - - - - - |
Total funds 2023 £ 37,108 1 |
|---|---|---|---|---|
| 37,109 25,823 21,454 |
||||
| 47,277 | ||||
| (10,168) | ||||
| (10,168) | ||||
| (10,168) 3,876 |
||||
| (6,292) |
Page 12
Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS
4 Income from donations and legacies
| Tithes Gifts & Offering Building Funds Gift Aid 5 Income from investments Bank interest received 6 Expenditure on charitable activities Expenditure on charitable activities Activities and Events Charitable donations and offerings Governance costs Ministers' Fees Accountancy |
Unrestricted £ 28,876 3,592 6,545 39,013 Unrestricted £ 47 47 Unrestricted £ 636 5,958 17,600 2,725 26,919 |
Total 2024 £ 28,876 3,592 6,545 39,013 Total 2024 £ 47 47 Total 2024 £ 636 5,958 17,600 2,725 26,919 |
Total 2023 £ 26,221 5,260 5,627 |
|---|---|---|---|
| 37,108 | |||
| Total 2023 £ 1 |
|||
| 1 | |||
| Total 2023 £ 484 1,675 20,964 2,700 |
|||
| 25,823 |
Page 13
Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS
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 income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs No employee received emoluments in excess of £60,000. 10 Tangible fixed assets Cost or revaluation At 1 October 2023 At 30 September 2024 Depreciation and impairment At 1 October 2023 Depreciation charge for the year At 30 September 2024 Net book values At 30 September 2024 At 30 September 2023 |
Unrestricted £ - - 382 5,457 138 2,980 8,957 2024 £ 138 Motor Vehicles £ 3,513 3,513 3,513 - 3,513 - - |
Total 2024 £ - - 382 5,457 138 2,980 8,957 Fixtures & Fittings £ 15,408 15,408 14,855 138 14,993 415 553 |
Total 2023 £ 54 1,000 2,052 8,054 184 10,110 |
|---|---|---|---|
| 21,454 | |||
| 2023 £ 184 Total £ 18,921 |
|||
| 18,921 | |||
| 18,368 138 |
|||
| 18,506 | |||
| 415 | |||
| 553 |
Page 14
Birmingham Victory Unity Centre NOTES TO THE ACCOUNTS
11 Creditors: amounts falling due within one year
| Bank loans and overdrafts Accruals and deferred income 12 Movement in funds Restricted funds: Unrestricted funds: General funds Revaluation Reserves: Total funds 13 Analysis of net assets between funds Fixed assets Net current assets |
At 1 October 2023 (6,292) (6,292) |
2024 £ 13,203 2 13,205 Incoming resources (including other gains/losses ) £ 39,060 39,060 |
Resources expended £ (35,876) (35,876) Unrestricted funds £ 415 (3,523) (3,108) |
2023 £ 13,253 226 |
|---|---|---|---|---|
| 13,479 | ||||
| At 30 September 2024 £ (3,108) |
||||
| (3,108) | ||||
| Total £ 415 (3,523) |
||||
| (3,108) |
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 2024
| Income and endowments from: Donations and legacies Tithes Gifts & Offering Building Funds Gift Aid Investments Bank interest received 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 Staff training Motor and travel costs Travel and subsistence Premises costs Rent Rates Premises insurances Premises repairs and maintenance |
Unrestricted funds 2024 £ 28,876 3,592 6,545 39,013 47 47 39,060 636 5,958 6,594 17,600 2,725 20,325 26,919 - - - - 382 382 5,037 - 260 160 5,457 |
Total funds 2024 £ 28,876 3,592 6,545 39,013 47 47 39,060 636 5,958 6,594 17,600 2,725 20,325 26,919 - - - - 382 382 5,037 - 260 160 5,457 |
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 |
Page 16
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 income/(expenditure) Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds |
- 138 45 - - 200 513 500 393 1,329 3,118 8,957 35,876 - 3,184 3,184 - 3,184 |
- 138 45 - - 200 513 500 393 1,329 3,118 8,957 35,876 - 3,184 3,184 - 3,184 |
- 184 2,440 72 576 560 - 1,240 2,334 2,888 |
|---|---|---|---|
| 10,294 | |||
| 21,454 | |||
| 47,277 - |
|||
| (10,168) | |||
| (10,168) - |
|||
| (10,168) |
Page 17