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|Trustees||Pastor A White|Pastor A White||||||
|---|---|---|---|---|---|---|---|---|
|||M Abbott|||||||
|||J Ryder|||||||
|||K Konatham|||||||
|||A Ogbuh|||||||
|||L Ogbuh|||||||
|||LTaylor|||||||
|||S Niudamu|||||(appointed|13October 2022)|
|||LWood|||||(appointed|13October 2022)|
|Company|secretary|Mrs A White|||||(resigned|1 April 2022)|
|||Mrs J White|||||(appointed|1 April 2022)|
|Charity number||1141558|||||||
|Company|number|7494182|||||||
|Principal|address|The Victory|Centre||||||
|||154-156Portswood||||Road|||
|||Southampton|||||||
|||60172NH|||||||
|Accountants||Knight Goodhead|||Limited||||
|||7 Bournemouth||Road|||||
|||Chandleys|Ford||||||
|||Eastleigh|||||||
|||Hampshire|||||||
|||60533DA|||||||
|Bankers||HSBC|||||||
|||55 Above BarStreet|||||||
|||Southampton|||||||
|||60147DZ|||||||
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||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|
||||funds|funds|2022|2021|
|||Note|||||
|INCOME|||||||
|Voluntary
income|||298,644|4,111|302,755|257,903|
|Charitable
activities|||5,493||5,493|9,449|
|Government
CJRS grant|||27,815||27,815|68,157|
|Investment
income|||6,935||6,935||
|Other income|||13,457||13,457||
|TOTAL INCOME|||352,344|4,111|356,455|335,515|
|EXPENDITURE|||||||
|Charitable
activities|||304,847|3,003|307,850|276,263|
|TOTAL EXPENDITURE|||304,847|3,003|307,850|276,263|
|NET INCOME/EXPENDITURE|FOR YEAR||47,497|1,108|48,605|59,252|
|FUND BALANCES
AT 31 MARCH 2021|||702,849|15,540|718,389|659,137|
|FUND BALANCES
AT 31 MARCH 2022|||750,346|16,648|766,994|718,389|
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|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|2021|
||Note||||
|INCOME|||||
|Voluntary
income||253,464|4,439|257,903|
|Charitable
activities||9,449||9,449|
|Government
CJRS grant||68,157||68,157|
|Investment
income|||||
|TOTAL INCOME||331,076|4,439|335,515|
|EXPENDITURE|||||
|Charitable
activities||267,786|8,477|276,263|
|TOTAL EXPENDITURE||267,786|8,477|276,263|
|NET EXPENDITURE FOR YEAR||63,290|(4,038)|59,252|
|FUND BALANCES
AT 31 MARCH 2020||639,559|19,578|659,137|
|FUND BALANCES
AT 31 MARCH 2021||702,849|15,540|718,389|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||Notes||
||NET CASH FLOW PROVIDED BYOPERATING ACTIVITIES|||73,014|69,624|
||CASH FLOWS FROM INVESTING ACTIVITIES|||||
||Interest received|||6,935||
||CASH FLOWS FROM FINANCING|ACTIVITIES||||
||Fixed asset additions|||(28,188)|(16,084)|
||NET CASH FLOW FOR THE YEAR|||51,761|53,546|
||NOTES TO THE CASHFLOW|STATEMENT FOR THE YEAR ENDED 31 MARCH 2022||||
|||||2022|2021|
|1|NET CASH FLOW FOR THE YEAR|||f|6|
||Change
in cash and cash equivalents||in the year|51,761|53,546|
||Cash and cash equivalent
at start ofthe year|||143,028|89,482|
||Cash and cash equivalents
at the end||ofthe year|194,789|143,028|
|||||2022|2021|
|2|NET CASH FLOW PROVIDED BYOPERATING ACTIVITIES|||||
||Net movement
in funds for the year|||48,605|59,252|
||Interest received|||(6,935)|(6)|
||Depreciation|||21,451|19,487|
||Decrease/(increase)
in debtors|||8,117|(7,460)|
||Increase/(decrease)
in creditors|||1,776|(1,649)|
||Net cash flow from operating
activities|||73,014|69,624|
|3|ANALYSIS OF CASH AND CASH EQUIVALENTS|||2022|2021|
||Cash at bank and
in hand|||194,789|143,028|
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|3|EXPENDITURE||||||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|||
||||||funds|funds|2022|2021|
||||||8|||8|
||Costs directly allocated||toacttvlas||||||
||Pastoral||||||||
||-Staff costs||||115,652||115,652|136,446|
||- Guest speakers||||9,375||9,375||
||- Travel costs||||1,524||1,524|52|
||- Hospitality
and ministry||training||12,378|164|12,542|3,443|
||Stafftraining||||15||15|24|
||Donations
and pastoral care||||5,358|480|5,838|2,827|
||Support for missionaries||||17,618|288|17,906|19,155|
||Church
premises|expenses|||||||
||- Depreciation||||18,868||18,868|18,149|
||- Utilities and insurance||||23,602||23,602|17,480|
||- Repairs||||23,095|857|23,952|11,925|
||Food hub||||5,460||5,460|50|
||Outreach
work||||344||344|710|
||Youth||||4,043||4,043||
||Victory Asian Fellowship||||1,684||1,684|3,980|
||||||239,016|1,789|240,805|214,241|
||Support costs allocated||to activities||||||
||Salaries||||30,997||30,997|34,059|
||Telephone,
postage and stationery||||10,769|33|10,802|8,896|
||Office equipment|and IT|||10,640|1,181|11,821|12,760|
||Advertising||||2,121||2,121|226|
||Bank charges and|interest|||1,465||1,465|1,563|
||Depreciation||||2,583||2,583|1,338|
||Payroll processing|and furlough||support|2,940||2,940||
||Independent
examination||and accountancy||4,316||4,316|3,180|
||||||65,831|1,214|67,045|62,022|
||TOTAL EXPENDITURE||||304,847|3,003|307,850|276,263|
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|||2022|2021|
|---|---|---|---|
|||8|8|
||Heart for India Foundation|3,000|6,300|
||Kings School Trust|2,267||
|5|STAFF COSTS|2022|2021|
|||6|6|
||Wages and salaries|138,314|159,708|
||Social security|4,688|6,413|
||Pension|3,647|4,384|
|||146,649|170,505|
|Number|Number|
|---|---|
|9|10|
##
||||2022|2021|
|---|---|---|---|---|
||||6|8|
|Rev|A|White|44,014|44,022|
##
|6|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|Freehold|Equipment|Fixtures 8||
|---|---|---|---|---|---|---|
||||Property|PA &admin|fittings|Total|
||||8|8|E|8|
||COST||||||
||At beginning
ofperiod||634,634|61,836|28,652|725,122|
||Additions||12,424|10,929|4,835|28,188|
||At end of period||647,058|72,765|33,487|753,310|
||DEPRECIATION||||||
||At beginning
of period||88,266|44,306|28,575|161,147|
||Charge for the period||12,941|7,481|1,029|21,451|
||At end of period||101,207|51,787|29,604|182,598|
||NET BOOK VALUE||||||
||At end of period||545,851|20,978|3,883|570,712|
||At beginning
ofperiod||546,368|17,530|77|563,975|
|7|DEBTORS|||2022||2021|
|||||8||8|
||Income tax recoverable|||7,963||9,049|
||Other debtors|||1,305||8,336|
|||||9,268||17,385|
|8|CREDITORS: amounts|falling due within one year||2022||2021|
|||||8||8|
||Trade creditors|||||1,065|
||Accruals and deferred|income||3,804||3,934|
||Other creditors|||3,971||1,000|
|||||7,775||5,999|
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||||||||||||Transfers||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||At beginning|Income|Expenditure||between|At end|
||||||||ofperiod||||funds|ofperiod|
||||||||g|g|||8|8|
|Building|fund||||||9,365|2,301||(800)||10,866|
|Faithworks|||||||4,176|1,650||(1,723)||4,103|
|Specific|donations||||||1,999|160||(480)||1,679|
||||||||15,540|4,111||(3,003)||16,648|
|The building||fund|represents|monies|||donated
specifically|for the upkeep||of the Victory|Centre
and|towards
new|
|premises|for the Victory Asian|||Fellowship.|||||||||
|Donations
made to the Faithworks|||||fund are used to run VGC Faithworks||||Bible College.||||
|Specific|donations||relate to amounts|||given for specific small||projects and missionary
work.|||||
|UNRESTRICTED|||FUNDS||||||||||
||||||||||||Transfers||
||||||||At beginning|Income|Expenditure||between|At end|
||||||||of period||||funds|ofperiod|
|||||||||||6|6|8|
|Designated
funds:|||||||||||||
|Capital fund|||||||563,975|||(21,451)|28,188|570,712|
|Victory Asian||Fellowship|||||13,211|5,004||(3,174)|-|15,041|
|Missions|fund||||||15,846|15,631||(16,774)||14,703|
|The Food Hub|||||||18,984|4,760||(5,129)||18,615|
||||||||612,016|25,395||(46,528)|28,188|619,071|
|General|funds||||||90,833|326,949||(258,319)|(28,188)|131,275|
||||||||702,849|352,344||(304,847)||750,346|
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|ANALYSIS OF NET ASSETS BYFUND|ANALYSIS OF NET ASSETS BYFUND||||
|---|---|---|---|---|
|||Restricted|Unrestricted|2022|
|At 31 March 2022||funds|funds|Total|
|||6||2|
|Tangible|assets||570,712|570,712|
|Current|assets|16,648|187,409|204,057|
|Current|liabilities||(7,775)|(7,775)|
|||16,648|750,346|766,994|
|||Restricted|Unrestricted|2021|
|At 31 March 2021||funds|funds|Total|
|||6|f|6|
|Tangible|assets||563,975|563,975|
|Current|assets|15,540|144,873|160,413|
|Current|liabilities||(5,999)|(5,999)|
|||15,540|702,849|718,389|
||2022|2021|
|---|---|---|
||g|f.|
|Within one year|1,523|2,661|
|Between 2 and 5years|314|1,255|
||1,837|3,916|
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|RESTRI|CTED FUNDS||||||
|---|---|---|---|---|---|---|
||||||Transfers||
|||At beginning|Income|Expenditure|between|At end|
|||ofperiod|||funds|ofperiod|
|||8|||8|E|
|Building|fund|7,065|2,300|||9,365|
|Faiihworks||4,176||||4,176|
|Specific|donations|4,334|2,139|(4,474)||1,999|
|Highway|Ministries|4,003||(4,003)|||
|||19,578|4,439|(8,477)||15,540|
|UNRESTRICTED FUNDS|||||||
||||||Transfers||
|||At beginning|Income|Expenditure|between|At end|
|||ofperiod|||funds|ofpenod|
|||8|||8|8|
|Designated
funds:|||||||
|Capital fund||567,377||(19,487)|16,085|563,975|
|Victory Asian Fellowship||8,777|8,414|(3,980)|-|13,211|
|Missions|fund|13,930|21,028|(19,112)||15,846|
|The Food Hub||18,631|2,529|(2,176)||18,984|
|||608,715|31,971|(44,755)|16,085|612,016|
|General|funds|30,844|299,105|(223,031)|(16,085)|90,833|
|||639,559|331,076|(267,786)||702,849|