Company Reglstered Number 05988995 CharSty ReB15tratlon Number 1124080 VICTORY INTERNATIONAL CHURCH UK EVERLASTING KINDNESS PARISH SOUTH EAST LONDON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENT5 FOR THE YEAR ENDED 30 NOVEMBER 2024
VICTORY INTERNATIONAL CHURCH UK FOR THE YEAR ENDED 30 NOVEMBER 2024 Contents Page Legal and aéministrative infoTmation Trustee's Report Statement of Financial Activities Balance sheet Notes to the Accounts bfjyn inor'_S i4ftvb
VICTORY INTERNATIONAL CHURCH UK FOR THE YEAR ENDED 30 NOVEMBER 2024 Legal and Administrative Information Key Management Personnel General Overseer Bishop T V Adelakun Mlnister In Charge Pastor Plus Bello Trustees Pastor Esther Bello Pastor Plus Bello Ms Roseline Soremi Company registered number 5988995 Charlty registered number 1124080 Prlncipal Address 68 Betsham Road Erith London DA8 2BG Bankers HSBC Bank Croydon Surrev HSBC Bank Ba5ildon Essex Company Secretary Pastor Plus 8ello
VICTORY INTERNATIONAL CHURCH UK FOR THE YEAR ENDED 30 NOVEMBER 2024 TRUSTEE'S ANNUAL REPORT The Trustee5, for the purpose of the ChaTlties Att 2011 as amended and staternent of Recommended Practice ISORPI 2005, submit their Annual Report and Group Financial Statpment forthe Year Ended 30 November 2024. The Trustee have adopted the provlslon of SORP"Accounting and ReportlTrg by charlties Issued In March 21J05 in preparing the annual report and flnancial statement of the Charity. ACTIVITIE5 The principal activities of the charity in the year of review were Christian worshlp IRunning Sunday Services. prayers and Bible studies rreetin851. Christian outreach seminars to increase Christian awareness and spread the gospel of our Lord Jesu5 Chrlst and development of the whole man spiritually. mentally and physically. Providlng support for other Charitie5 and Christian event5. Also contributed to the development of the Bexley communlty through the partnership with the Transform Bexley Programme initlètives. EXECUTIVE SUMMARY The TrusteÈ5 are pleased to report that the Church ha5 continued to minister to tnany people, winnin8 souls with the expansion of the outrea¢hes on Social media platforrns. The finance5 during the year have been stable with the eKpenditurÈs now only reflecting the èttivities of the Parent Assembly. This year the annual London Power Surnmit was held Successful in the South East London Area. The annual Women Programme Seminar did not hold this year, however, an outreach event was successfully held in the community church ORGANISATION STRucfuRE AND DECISK)N MAKING. The Church is organised 50 that the fru5tees meet regularly to mana8e its affairs. The is a part-time Minsiter in charge and volunteers who manage the day today administration of the Charity. RELATEO PARTY RELATIONSHIP Victory International Church Uk South East London. is a member ol Assembly of Victory International Churth Rehoboth Catherdral with her He3dqu3rters in Ibadan, Oyo State. Nigeria. RESERVE POLICY The Trustees have established a policy wherby the UnstrICted funds not commited or invested In tangible fi¥ed assest held by the charity should be three months of annual expendf(ure. RISKS The Tru5tee5 have assessed the major rlsk whlch the trust is exposed to, and are satisfied that there are system5 in place to fftitigate emposure to major risks. The Charity will continue to focus its activitie5 to meet Tts objectives. ThÈ Trustees are looking for new appropriate ventse to use foi physical Church services. to increase our outreathes, this is a major risk that if not Ioc3ted ctsuld limit the Scope of the outreach oppurtunite5. ExfERNAL EXAMINER APPOINTMENT In line with the provlsion exomption in the Charitle5 Act 2011 as amended the Trustees appointed an examinar Blue stone Accountancy Limited to review the accounts for the year ended 30th November 2024.
VICTORY INTERNATIONAL CHURCH UK Stalement of Flnaclal AcElvltie5 for the Yeaf Ended 30 Novemb4r 2024 Statemntof FlnanctalArtlvltles {Inelydln8the income and¢xvendrtyre Attourtforthe yeatetyded 30 November1023 as required bythe CLwnpanl4s Art 20061 CuirÈnlar Unrostrkiefj Funds 20 Curr¢rtt Plloryoar 50RP Totzl Funds 2024 Funds ZD Incomt& EndowthtAI Frorn.. Oonitians &tegac Al 7.108 324 7.10& 156 256 pQhd¢ure('. B2 13.065 11065 13,L65 13,0$5 11,710 Net in¢tyMeIeypp1tUr+jIorth¢¥e -5.633 18.359 N1came bfter Er?nsfws A.&-C -5.633 $9 NEtMovernentiDfund5 TotalFundsbrou8htlorward 22.467 4.lQ8 Totalfun¢sc41[jfoird 16.834 10.834 ZIA67 TheSORP ReFndtedab0ve iSthec1&551ficatl¢)of IrLtoMesÈcoulinthpfofmalSOAPdoruments. Asioquiltd bv paragr&ph4.60 ofthe SORP. Ihp broughl forward1nocèrrdfoFwa1dfSèye h•bOn agrttdtts ihp gilinrpShoèt A5eparatpst41ernent oftOTalGain5and Lossps14not rEqureda5thissatemént InrWp5 IllrecognisedgainSandlo55es Allthe piloiyear uniÈstritted Itern5.4nd nofuFth¢rahèW515 requ11Èd. Jl4ctlYitlÈsde¢voeItOm¢Tr7lngpÈr3tjrts.
VICTORY INTERNATIONAL CHURCH UK Ststement of Flnantlal Actlvlties forihe Year Endod 30 Novembtr 20Z4 PrknY4at Unrq5trké ds Prkniyear SORPRf Toi4 Fuftth 2021 Kom•lkEndwimenfFrom.. VallonS& LE8aC lThvQSZrnent Al 29A13 2$6 io, 30.069 ExpendFtureon-. 82 rrrta1p1ndl¢Ure 11,71 Net hi¢tsffiEl•XpothturQll1tt1Yar 15.3S9 NetlnctsME 18.359 NÈt nonieIn5 Total Fundsbiou8ht forward 4.11 4.108 Tota1fundstarfgdfor 23,467 VMRY INTERNATIONAI CHURCH UK .AesouftesipplieO In theyèarended 3QNovèmbEr2024tth4rdK hx¢at forltySe'.- 2014 20 FundsgenefareJ Inthg yèarI5déiailEdinthEStrA RE5owceapp1donfUCln3lt1xedast5 RsDWTrapIedDn int*Tr870asS 18.359 120481 16581 4291 7hef•sour(e5appk54Jnflxedabs•tiloithathYus•r•presentsthe¢ostof 1ddftkn5sWOa$ol
vicroRY INTERNATIONAL CHURCH UK Movements in revenue and capltal funds for the year ended 30 November 2024 OJrreMy•4r Unrestrictt unds CuTYear Res¢rkt Funds Styeai Total FyTr&s 2024 Funds 2023 2024 AcrurnUtfndtsroUIhtfOrard 21467 AerrertsÈdgalnSa ID558S bef4retransltts 21467 4.108 -5.633 CIDth8 le•qnuelLsNJ5 -5.633 18.359 16,831 16A34 22,467 Surnmaryoffvnd5 Unmtskted nrf De5i¥n•ted lund5 202 LastY•ar Total Funds 2023 R•5trkied TDtal FuDds 2014 2024 RevEnueattumulJiedftss 16.834 16,8Y 22,467 VICTORY INTERNATIONAL CHURCH UK lrtt+)me £xp4ttrliture Ae¢ount fotthe yoar ended 30 No¥emr 2024 •$ requlrod bytht Companlo$ Art ir 1023 Incoro IncorM opÈraiiOTh& 7,108 29.813 Investrn¢nt Iheurne 324 Gro55 intomeln the y¢arbqtor¢ext#ptlonaliteTr5 7.432 30,069 6r01n InthwrirdydlrEXQPtloThallt• 7.432 30.069 ApendUr CharirableeApeTrditure. ex¢hJdinideyeclètion arwj imortysat Depreclarion ènd?morri5?tn Governance costs Reaii5od Iossè50n diSP05al 0sOtial Investmertwhh pro8ramm 12.445 520 11,096 614 13,055 NBtlncom bèfore tax lTrtbeflMnclalyEar -5,633 18,359 TaN on SUrpS¢tlnry NetiniomeaftÈrfax In th+flnJndal fvr -5.633 tg.359 -5.633 18.359 AllactkiltlesderNed fromwnralnlniopeFaQkn Inatcardan¢¢ Withf pravI51rS vlthe COMnI$A 20.the hwdlrandyUbheidiyed 1nth•lnconandwqnd6tureCVy0t have b••n adoptedto refie£tthespAchlnawrnolth¢Charitles actiles
VICTORY INTERNATIONAL CHURCH UK 6ALAPdCE SHEST A5AT30NOVEMB£82024 tlotes SORP R 1024 2023 FrAedAJsets Al Intan8ibleAssets Tan8lbleA$5etS 15 3.520 Total 3.482 Q5h ai hankandin 15.746 20.67B 16.745 TheTtttsl N•¢A5setsQfthECrffy 20.67B 21166 Th•T¢ltsl NetAssRtolifvotharltywe lurldbythOhjThd1oftheth1dtyaS1Qll1 24,160 Re5trtpd funds nrètrirtÈdfuThds 19 ts3 2Q266 Unrestrlctedftevenup Fd5 24.160 Dested Fund5 IOJ66 The SOEP Relin¥ateaOOve1Srh ckssllicatiOTroTEalan(8Shset Iterns ijset outlll IhelotmalSORPducumellts. As rqIrd bYpara8raph4.W¢ftheSORPthÈ brw8htforwardand c3r1d F¢Twa<d lund5above have boèna8feedtoSOFA TheDirectorsaresatisfiwdlh3t the c0rnwhylseotrtledtoexempin fromthe reotsirementtoobiain an audit undersectlon 477ofthectrrnp?t)iesAÈt 2006 The mpmbprshavÈ nut requpfpd ihe companyto0bt?aThaudi1 Ina¢cordanttwiEh Sttrion476 DftheAci The Dirertorsa(knowAedge thdrrespon51bFlitiesforcOrnping wifhthprequifflQffttSQf the Cfynpanie5Att2W6withre5pect tQa(CQurttln8 andthe preparalkn of aicouDt5 ThecharitYk¥notSubie¢i to indtpendent Emindn underthEChantyle8isJAiiDn. Th&in¢1 JF¥temenls h1vebeonpT•dYn¢CVrttDcO with th&pruvisiOn&in PartJ5 oftho ComnsA¢t20O$apPJjbJ¢ttsrQrnTr SubJ¢(t ttstht5mall COmP4h1 re8une Trusteè Appr4Yed byiht 8oardof TtU51ee oThthe "Ill ol IJ iS-
VICTORY INTERNATIONAL CHURCH UK Statement of Financial Activities for the Year Ended 30 November 2024 Net surplus before tax In the flnaclal year 2024 2023 The net surplus before tax in the finacial year is stated after charging Depreciation of owned assets 620 614 12 Staff costs and emolvments Salary Costs 2024 2023 Gros5 &larie5 excluding trustees and key management personnel Total salaries, wages and related costs Numbers ot full tlme employees orfull tlme equrvelant5 2024 2023 The average number of total staff employed in the year was
VICTORY INTERNATIONAL CHURCH UK Statement of Finan¢ial ArtFvities for the Year Ended 30 November 2024 13 Penumeration Jnd pawneMstOTru5ree>Trd wrsons<DlltlQcied wlththern No Trustee orPèrsons Connected withthem re¢eIved4nyrenM¢r•tThfrom rhethèrityorany relaled•nrity rntanwieFIxEdA55et 24 2023 Goodwlll Cost at l Decèmber 2023 Additlon5 A$4l30PIw•mr1021 AmortkwioTr A5 1 Dscember2023 Provided dJrin¥theyear At 30 Novemter 2024 N•t tyook va1 Is r1rylbtere&5s•ts land •nd BLYJdlnss nt& Ma¢Sn•ry Fumure& Ftttln85 Mu¢•1 JTrstruments Cost At l DecÈmber20Z3 2.324 1.578 65E 8?5 4.777 658 At30Novernber2024 2,324 2,236 S75 S,435 Deprttiatlon As i DeCembr2023 Chèr¥efor the year 338 296 244 1295 620 t30 Novemhei zou 853 418 1915 N•tbookvalue At 30 NovembEr2023 1.976 %9 5a7 At30 November Z024 3.482 1.383 4157 16 h¢oMoand ExpendltlJreatewrts5urntMry 2024 2023 srlusI(poSsI aftErtax torthe ar -5,633 At 30No¥ember 2024 18,359 -s,633 17 Post balèn¢eshet¢events There is no postba$heet@ve¢ iober•ported 18,359 18 Norolat•dpartytransxtloTrs
vicroRY INTERNATIONAL CHURCH UK Statementof Financial Arti¥itle$ for the YearEnded 30 November 2024 JJ P4rtlrutsisrhv•partku&rfvnds¥re MPWOtsdb¥oss5andllèblUts asJt30 J0MbTIfft Asat30fvowMber2024 tJnréth¢tEd Fu5 2024 Tot4iFws IntanwblèAss8ts ranÈle FIWAsset 3,520 20.265 UttrostrfctAd AtIDEternber2O 2024 Yot4tFL¥Ws FiA¢dAsset 4.108 4.108 l156 20 cht¢I1d$vthèY•3rIssho1+Trl Fot l9anotrfftdbvinthdualfl by¢ueht TransfqrG behtrpen fuffld51n 2024 knds cairfed Om2023 Unrwtrtthd Fndd•sNtsdhJnd5'.- fundsin 2024 2025 UnreMrt¢tedftnue Fund5 22.467 -5h33 -1.789 15.04$ Totstunr•strtttoWMdde4indfunrt fotalChaittyFund5 22.467 -5.633 -J.789 21 A¥SrMqrrtPniS11UdS DWlhÈy•4r•sshowTrln not• Gn5ts1 Losms 2024 2024 ZOa4 2024 UnrèsiiiccEdRevèouÈÈuThd5 13. 324 Totsi Unrqstrfrte&ind dEnatÈOlurtds 7.108 324 -5.633
VICTORY INTERNATIONAL CHURCH UK Statement of Financlal Artivities lor the Year Ended 30 November 2024 Detledan4Iy5ls of Incl¥ 4nd expondS¢¥reforthe year ded 3014ov4mbEr2024as requlred bytheSORP2015 Thls analysls Is classIfl by ¢Dnveniional Tromln•l dexrlptionsamd not byartlvlty Currant ¥ear Uhiestrtcted Fund5 2024 SORP Ref Curfeni yeJr Total Fund$ 2014 Prloryear Total FTrds 2023 Donatlons 4nd8lltsfrom indlvlduals Grants rithÈs Offerings and Pled8e5 7,108 7,108 29,813 Other Receipts lotal donattons and wfts lTrllvlduals 7,lQ8 7.108 29A13 Grant Red Total Grènt Received Total tlonations and Legacies Al 7.108 7.1 29.813 Inw¢m•t Incom A2 a24 ISG Ependitvre of charitable attiwtie5- DirECt spefjdin8 Current yeai Cuxthnty•gr lDt Funds 2014 Funds 2024 PrIOrar Total hlnds 2023 Grossw2y and sèlBriEs-Chafitsble ?cti¥itie5 Travel and SubslStence- Charitable ActlvitiEs Marketingand advertL%ing of tharitable seNl¢es Gifting London Power Summit Wtsmen Attnual Conferertee Conference tKpe5nes and Venue Hire Otstreach Hottborarium SundaySchDoI MateriaLs/Communion materials Music Storage (Safe storel Insuran¢e 120 281 200 3254 120 281 200 3,254 3180 3SDO 510 3672 630 3,672 630 70D 140 140 400 2,358 loo 123 2.358 loo 2.744 403 Total Dlrttt Spending B2a IL855 IL855 10,460
VICTORY INTERNATIONAL CHURCH UK Statement of Financial Activitles for the Year Ended 30 November 2024 Support cost for charltable artivities CufTent year Unrestrkt Fund5 1024 Current yea Total Funds ZOZ4 r year Jotsl Fufid5 2023 Premises Expense5 Rent payable underoperatlng leases Servi¢È charges payable Rates ahd water char8es, Council fax Ll8ht heat and power Prernises repairs, renewal and maintenèn¢È 480 Admlnlstl•ll¥eowrhèad5 Tphone, lai and internet. Zoom Postage 5tstiortary and printing 144 59 )ftwère licen¢e5and expEn5es 179 179 175 Sundry expense5 Company House Equiprnent. repaSrs eXnseS arbd maintenance 13 Proleyslonal lees paidto advlsors othertharthe aurfhororwminer Accouhtancy lees otherthan examlnation orauditfee Otherlelal and professional finan¢ial <05tS Bank charge DEpreciation & Amortisation In total forthe year 54 620 620 614 Support Costs fore reallocation 853 1.250 Total support costs 853 1,063 1.250 OtherExpendlr- Governar•tem5ts trrthtytar ilnrestrktod Fund5 ZOZ4 Current Tot1 Funds 1024 Prfor year Total F¥nds 2023 Independent Examiner's Fe 357 357 Total so1¢e cosi$ 357 357 Curr4rtt year Unrestrirted Fund5 Z024 CuTrent year Tvtal Funds 24 pr7r¥ear Total Funds zozj TE7t•l charftable emndu Total Oirect SpeTrdin8 Total 5upp)rt Costs Totsi GO{nanCe Cosis B2a 82d 82e 11055 8S3 357 11.855 853 357 I369 10,460 1.250 13. 11.710
Independent Examiner's report to the Trustees of Victory International Church Uk Registered Charity Number- 1124( Blue Stone A¢countan¢y I report on the accounts of the Trust for the year ended 30 November 2024, which are set out on the attsched pages. The Charitys trustee5 are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under Section 144 OF the Charities Act 2011 (the Charities Art) and that al) Independent Examination is needed. It is my responsibility to.. Examine the accounts under Section 145 of the Charities ACL To follow the procedures laid down in the general Directions glven by the Charity Commissioft {under Section 145 {5)[b) of the Charities Act), and To state whether particular matters have come to tny attention. My examination was carried out in accordance with 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 the trustees conterning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion 15 given as to whether the accounts present a.twe and fair" view, and the report is limited to those matters set out in the statement below. In connection with my examination, no matter ha5 come to my attention. l. Which gives me reasonable cause to believe that in. any material respect, the requirements- To keep accounting records in accordance with Section 130 of the Charities Act.. and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 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. Mrs Tamarlne Robinson Executive Accounts Direttor HMRC Ref.. XMML00000208602 Dated 28th August 2025 Blue Stone Accountancy Ltd Resistered OFfitr.' Penventon Mill, Treviskev, Lanner Cornwall, TR16 6AS. TÈl/Fax'. 01209 7(i4869 Email.. infJ@bluestoneaccountancy.co.uk Cgmpany Number.. 15W99i4