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|Trustees|||Pastor A White|Pastor A White|||||
|---|---|---|---|---|---|---|---|---|
||||M Abbott||||||
||||J Ryder||||||
||||K Konatham||||||
||||A Ogbuh||||||
||||L Ogbuh||||||
||||LTaylor||||||
||||SNiudamu||||(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||||||
||||S0172NH||||||
|Accountants|||Knight Goodhead|||Limited|||
||||7 Boumemouth||Road||||
||||Chandler's|Ford|||||
||||Eastleigh||||||
||||Hampshire||||||
||||5053 3DA||||||
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|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
||Nots|||||
|INCOME||||||
|Voluntary
income||355,915|4,050|359,965|302,755|
|Charitable
activities||8,000||8,000|5,493|
|Government
CJRSgrant|||||27,815|
|Investment
income||66||66|6,935|
|Other income|||||13,457|
|TOTAL INCOME||363,981|4,050|368,031|356,455|
|EXPENDITURE||||||
|Charitable
activities||383,386|2,434|385,820|307,850|
|TOTAL EXPENDITURE||383,386|2,434|385,820|307,850|
|NET (EXPENDITURE) I INCOME FOR YEAR||(19,405)|1,616|(17,789)|48,605|
|FUND BALANCES
AT 31 MARCH 2022||750,346|16,648|766,994|718,389|
|FUND BALANCES
AT 31 MARCH 2023||730,941|18,264|749,205|766,994|
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|||Unrestricted|Restricted||
|---|---|---|---|---|
|||funds|funds|2022|
||Note||||
|INCOME|||||
|Voluntary
income||298,644|4,111|302,755|
|Charitable
activities||5,493||5,493|
|Government
CJRSgrant||27,815||27,815|
|Investment
income||6,935||6,935|
|Other income||13,457||13,457|
|TOTAL INCOME||352,344|4,111|356,455|
|EXPENDITURE|||||
|Charitable
activities||304,847|3,003|307,850|
|TOTAL EXPENDITURE||304,847|3,003|307,850|
|NET INCOME FOR YEAR||47,497|1,108|48,605|
|FUND BALANCES
AT 31 MARCH 2021||702,849|15,540|718,389|
|FUND BALANCES
AT 31 MARCH 2022||750,346|16,648|766,994|
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|BALANCE SHEET AS AT 31 MARCH 2023|BALANCE SHEET AS AT 31 MARCH 2023|||||
|---|---|---|---|---|---|
||Note||2023||2022|
||||f|||
|FIXEDASSETS||||||
|Tangible assets|||558,744||570,712|
|CURRENT ASSETS||||||
|Debtors||16,903||9,268||
|Cash at bank and in hand||191,405||194,789||
|||208,308||204,057||
|CREDITORS: amounts|falling|||||
|due within one year||(17,847)||(7,775)||
|NET CURRENT ASSETS|||190,461||196,282|
|NET ASSETS|||749,205||466.994|
|FUNDS||||||
|Restricted funds|9||18,264||16,648|
|Designated
funds|10||624,251||619,071|
|Unrestricted
funds|10||106,690||131,275|
|TOTAL FUNDS|||749,205||766,994|
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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|6|f|
||NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES|||7,600|73,014|
||CASH FLOWS FROM INVESTING ACTIVITIES|||||
||Interest received|||66|6,935|
||CASH FLOWS FROM FINANCING|ACTIVITIES||||
||Fixed asset additions|||(11,050)|(28,188)|
||NET CASH FLOW FOR THE YEAR|||(3,384)|51,761|
||NOTES TO THE CASHFLOW|STATEMENT FOR THE YEAR ENDED 31 MARCH 2023||||
|||||2023|2022|
|1|NET CASH FLOW FOR THE YEAR|||f|f|
||Change
in cash and cash equivalents||in the year|(3,384)|51,761|
||Cash and cash equivalent
at start ofthe year|||194,789|143,028|
||Cash and cash equivalents
at the end||ofthe year|191,405|194,789|
|||||2023|2022|
|2|NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES||||f|
||Net movement
in funds for the year|||(17,789)|48,605|
||Interest received|||(66)|(6,935)|
||Depreciation|||23,018|21,451|
||(Increase)/decrease
in debtors|||(7,635)|8,117|
||Increase/(decrease)
in creditors|||10,072|1,776|
||Net cash flow from operating
activities|||7,600|73,014|
|3|ANALYSIS OF CASH AND CASH EQUIVALENTS|||2023|2022|
|||||f||
||Cash at bank and in hand|||191,405|194,789|
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|EXPENDITURE||||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|2023|2022|
||||||6|8||
|Costs directly allocated|||to activities|||||
|Pastoral||||||||
|-Staff costs||||137,179||137,179|115,652|
|-Guest speakers||||10,492||10,492|9,375|
|-Travel costs||||2,742||3,184|1,524|
|-Overseas
travel||||8,341||8,341||
|- Hospitality
and|ministry||training|25,855|1,449|27,304|12,542|
|Staff training||||1,032||1,032|15|
|Donations
and pastoral||care||8,869||8,869|5,838|
|Support for missionaries||||28,318||28,318|17,906|
|Church premises|expenses|||||||
|- Depreciation||||21,188||21,188|18,868|
|- Utilities and insurance||||26,133||26,133|23,602|
|- Repairs||||19,683||19,683|23,952|
|Food hub||||5,814||5,814|5,460|
|Outreach
work||||3,867||3,867|344|
|Youth||||3,739||3,739|4,043|
|Victory Asian Fellowship||||6,713||6,713|1,684|
|||||309,965|1,891|311,856|240,805|
|Support costs allocated|||to activities|||||
|Salaries||||41,341||41,341|30,997|
|Telephone,
postage and stationery||||8,837||8,837|10,802|
|Office equipment|and IT|||10,687|543|11,230|11,821|
|Advertising||||603||603|2,121|
|Bank charges and interest||||2,386||2,386|1.465|
|Depreciation||||1,830||1,830|2,583|
|Independent
examination|||and accountancy|7,737||7,737|7,256|
|Legal and professional||fees||||||
|||||73,421|543|73,964|67,045|
|TOTAL EXPENDITURE||||383,386|2,434|385,820|307,850|
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||||2023|2022|
|---|---|---|---|---|
||||E|E|
||Heart for|India Foundation|8,800|3,000|
||Kings School Trust||2,000|2,267|
||Oasis of|Life RCCG|1,000||
||Walking|Like Jesus|7,140||
||Faithwalk|Ministry|3,000||
|5|STAFF COSTS||2023|2022|
||||E|6|
||Wages and salaries||166,098|138,314|
||Social security||7,636|4,688|
||Pension||4,786|3,647|
||||178,520|146,649|
|Number|Number|
|---|---|
|9|9|
||||2023|2022|
|---|---|---|---|---|
||||E.|E|
|Rev|A|White|45,569|44,014|
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|6|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|Freehold|Equipment|Fixtures &||
|---|---|---|---|---|---|---|
||||Property|PA &admin|fittings|Total|
||||6|6|6|6|
||COST||||||
||At beginning
ofperiod||647,058|72,765|33,487|753,310|
||Additions|||10,751|299|11,050|
||At end ofperiod||647,058|83,516|33,786|764,360|
||DEPRECIATION||||||
||At beginning
of period||101,207|51,787|29,604|182,598|
||Charge for the period||12,941|9,050|1,027|23,018|
||At end ofperiod||114,148|60,837|30,631|205,616|
||NET BOOK VALUE||||||
||At end ofperiod||532,910|22,679|3,155|558,744|
||At beginning
of period||545,851|20,978|3,883|570,712|
|7|DEBTORS|||2023||2022|
|||||||6|
||Income tax recoverable|||14,487||7,963|
||Other debtors|||2,416||1,305|
|||||16,903||9,268|
|8|CREDITORS; amounts|falling due within one year||2023f||2022|
||Trade creditors|||7,917|||
||Accruals and deferred|income||4,475||3,804|
||Other creditors|||5,455||3,971|
|||||17,847||7,775|
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|||||||||||Transfers||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||At beginning|Income|Expenditure||between|At end|
|||||||ofperiod||||funds|ofperiod|
|||||||6|6||||6|
|Building
fund||||||10,866|1,250||||12,116|
|Faithworks||||||4,103|2,300||(2,434)||3,969|
|Spedfic donations||||||1,679|500||||2,179|
|||||||16,648|4,050||(2,434)||18,264|
|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 spedfic small||projects and missionary
work,|||||
|UNRESTRICTED||FUNDS||||||||||
|||||||||||Transfers||
|||||||At beginning|Income|Expenditure||between|At end|
|||||||of period||||funds|of period|
|||||||6|6||6|6|6|
|Designaled
funds:||||||||||||
|Capital fund||||||570,712|||(23,018)|11,050|558,744|
|Victory Asian|Fellowship|||||15,041|14,620||(6,713)|-|22,948|
|Missions fund||||||14,703|29,510||(16,431)||27,782|
|The Food Hub||||||18,615|2,045||(5,883)||14,777|
|||||||619,071|46,175||(52,045)|11,050|624,251|
|Generalfunds||||||131,275|317,806||(331,341)|(11,050)|106,690|
|||||||750,346|363,981||(383,386)||730,941|
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