VICTORY GOSPEL CHURCH
(REGISTERED NUMBER.. 07494182)
REPORT AND UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

VICTORY GOSPEL CHURCH
(Company limited by guarantee and mt having a share ¢2pitall
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Pastor A While
M Abtott
J Ryder
K Konalham
A Ogbuh
L Ogtxjh
L Tayk
S Niudamu
L Wc*JJ
Company $ecretary
MrsJ Whrte
¢haT￿Y numbor
1141558
Company number
7494182
Prlnclpal address
The Viclory Centre
I￿156 POrt$￿￿d R¢)ad
ulh8mpton
S017 2NH
Accountants
Knight tknjhead ￿r[￿ted
7 BoumerTh)uth Road
Chandlerfs Ford
Eastleigh
Hampshire
S053 3DA
Bankern
HSBC
55 Ab)ve Bar Streel
Julhampt
S014 7DZ

VICTORY GOSPEL CHURCH
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors for the purrM)ses of ¢xJnwany law. wesenl their rewrt aThJ the accounts for the
year ended 31 Marth 2024.
Dlre¢tors
The directors served during the periol *we'.
Pastor A While
M Abbott
J Ryder
L Wood
S Niudamu
K Konalham
A Ogbuh
L 09￿h
L Tayh)r
al ststus
Victory Gospel Church was in¢orFKJraled on 17 January 2011 and is wnsts'luted under ils Memorandum and Artides of
Association, It wa5 registered as a c*arity ￿ 20 April 2011 aThJ its Chanty registrat￿n numter is1141558.
Ob'ective
To adVa￿e Christian religion ITh Soulhamplon aThJ elsevthere ITh the Unit&J Kiwrn aThJ in such other pla￿S as shall
be decided uwn by proclaimiNJ furtheriNJ the go$￿1 of g)d ¢0￿MIng h￿ son Jesus Christ our Lord and the
preachirrfJ and lethir@ ol uncompromised *Drd of ¢￿#j I'The Gos￿1.1,. aThJ
To provide rninislry lo the homekss in S￿haMptOn and else%there ty the provisk)n ol food, clothing and CJ)unselling.
anisation of thi ¢haii
The charity is managed by the InJslees delegate day lo day resF#)nsibilty lo the department he&$ of each rninislry.
Ministries are overseen by Pastor A White.
Review of aclivitles
11 is my honour lo write and infom you of how this past year has seen Victory GosFtI Churth prog￿$$. We continue lo
grow our media FAatfomi enabling us lo re￿ WFAe in many parts ol the ujunlry and the wot1d bringing a place of
cJ)nlacl and easing bneliness for peoF4e tho are is¢*ted or th ￿Te unat4e lo attend tecause ol health issues both
physical and emotional. Our engagement has risen steality as tMiThJ a messJJe of ho￿, virtually through our
Inslagrarn, Fxebook, and YouTute Channel's.
We continue lo air our daily online Se￿￿ 'Ho￿, Help and Healing.. a live SI￿aM featuring worship, biblical
encouragernenl, and wayer slrearned Monday lo Friday. This has ojnlinued lo help peoFle feel connected lo their lailh
and lo each other. Pwple that would have olhemse disu)nnected and kjnely have thrived and ￿Orne part of
our online congregat'on. Being at4e lo requesl [KaY￿ and te Fk8rt of a ojrnmunity that have regularty checked up on one
another alerted us as a church of rwls and issues of irKIMduals. Peopk have Idd us that this daily broalcasl has
become a lifeline al times lo them.
Children's Churth has grown enonrKJusty with extra dass tvrvJ pul in Fkne as the earfy teen5 hydnl lo gather and
make contact lo supwrt one another throughoul the %%eek. ￿aler of Child￿n'S church has a passion for the issues
children are lacing and supporbng the parents lo help them SUFfK)rt their chikjren. She has develoFed a sale Spa￿ where
they all can approach and find guidan￿ help and suptK)rt ￿en need￿￿.

VICTORY GOSPEL CHURCH
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)
Review of activities
corrtinued
We continue ￿1th our Tuesday night seNce whith ts a O￿tK)Urse￿e ￿1th vrt)rship, BiNe study and a ￿tI¢0me char￿e
for Feople lo m*1 and sctiaise. We have seen growth in this area as re0￿e meet and encour4e one another in person
as well as online.
Sludenl sessKJns IA service esKwally deswjned for Cdlege atKI UnNersity st￿ents) grows al s￿h a pa￿ we ￿￿11 need
lo find a larger roorn in the corning rnonlhs lo a￿rnnI)JaIe Ihern all. We are continuing lo provide a warm sale spxe for
students lo socialise and (x)nne¢t wrth one another. We VOVKle a free (xy)ked nutritious wl that they can eat t￿ether
and lo lake away lor the next day. Many young FeoF4e tho may otheThMse leei isolated and vulnerable are able lo
nnecl every wk and receive support as ￿￿11 as spiritual help aThJ guidan￿.
Our Friday night youth group continues its gro￿ and have seen young %th) do not attend church come lo this
group. Some of the students frorn sludenl sesshms have volunleered as yOLrth helters coming lo help wrth the young
people paying forward the care given lo them on lo those younger. We are providing these young peopk with 8 Safe
environrnenl lo socialise, as V+EII as teing laughl lrfe affiming Irulhs that wll hold them in gcth slea on Iheirjoumey into
adLJllhood. They are given a f￿e n￿al, and many drfferenl &tivilies a￿ laKJ on for Iheffl by our staff and volunteers lo
make their eveniro enjoyat4e.
Our Pastoral team ￿re busy, they have distributed fcoj parcels to FeoF4e in need atvj they have given out baby clothing
and equipment lo some young ladies tho had a need. The ¢hufth ￿maInS always available for wple who need a wami
sale space. The opFrf)rtunity lor prayer and encA)uragen*nl on a Friday rmrning give Feople a pla￿ lo come and share
worries and have a pastor they can talk to lace lo l&e. We are finding that this is a %*114ttended rninislry, thich has
continued lo grow wlh many Feople attendirrfJ and FthnirrfJ in lo have th￿r ne8Js mel.
We have started 8 new ministry Calkd Legw eswially l(tused on the ekjetly,. this has been such a SUC￿$, This
group has come together lo suptrf)rt e&h other in a way never Im￿lned. So. alongside aftern￿n leas and pub
lunches they have an extremely busy WhalsApp group kee￿￿j in daily ¢ont&l with e&h other. The leam have been
visiting and supporb'rrfJ the care of sorne l>JYdS vh) currentty are wuiriro extra help, as they are going through some
health issues.
Of course, Victory Gostel Church is lar rnue Ihan a bJildirrfJ in Southarnpton and a group of teD￿e that meet there. We
are an intemalional family wlh particulaty str￿9 (x)nn￿tIOnS in the PhiliFyr*s, Zamtx'a, P8k￿tan, and India
We sent regular donalk)ns lo our partners in The Philip￿neS payirvJ the vrèje of a hxal pastor in the mountsin regions of
Mindanao, which allowth him lo suppyjrt kxal familE5 serve a very irnwiverished a￿a in their most critical lirne of
need. We sent two pastors lo (he PhiliFpnes last year to erthurè3e the aThJ they alongside the pastors lo
rninisler lo people.
The school in Zambia had closed due lo an issue wth water aThY dwJgir¥J a ￿Ell. We ￿re able lo pay for thi5 to be
resolved so Ihe children can continue their ed￿t￿)n.
We have iten able lo setKI yel rrn)re fvnds lo (xjr mI&s¥)nar￿ in lThlia and the buikling of the churd) is ￿ntinuI￿. We
are excited about the impact this wll make on the community they serve tr￿th spirilually aThJ pr&tically.
We We￿ able lo gather rwlical SuKw￿$ in the fomi of barthges and dressiNJs. which v*re lo ￿ diswsed of, and send
them to South Africa lo help those in Treed lo te atle to have safe and hygienic med￿1 supplvès.

VICTORY GOSPEL CHURCH
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)
Revlew of actlvltles
eontlnued
We continue our hub. It has teoJn* a great sUc￿S and wè c4)nb'nualty seNe up lo 5(Y60 meals every Monday
evening. We have given out sleeping bags and a wde rarYJe of dolhing for tK>lh rTEn and KDmen. We have ￿lebrated
with our clients throughout the year giwng easter eggs out al Easter and Chrislmas gifts lo give our dients a sense of
w)rth as they fa￿ the stress and strains of daity lrfe. There are ￿anS lo extend this ministry by providing winter and
summer clothirKJ ￿kS lo each Ferg)n lo sel Ihem up for the coming season. We have also adeed more fcN)J lo the meal
in the way of snacks $0 ￿UkI eaten on anotherday-
YA has continued to grow this year has a hub for young Feople to ￿￿et and chat a￿ul the stresses 01 lrfe.
This ministry has successfully hel￿ lo create a sense of community amongst this age range bmlh the okier more
eX￿rIenCed giving a helping hand to the younger one5, all being ztjle lo have the OPF#)rtunity lo have discussions
around issues bul also a lo relax, ￿aY games, listen lo a vrt)rd ol encoura3emenl.
The Surgery is a ministry al￿Ed lor wornen %Mth nEnlal heahh issues.11 is a lime when they can come together and do
crafts and have discussions on issues they may be l%ing. They are gr￿￿ng this year ￿ they are developing in the way
they connect by listening lo the ladies and fiThYing way510 ￿1p I￿rn.
We again worked with Soulhem Heatth NHS Trust and have hosted the Mental Heahh Awareness Day which was a big
success reachiro many carers in &)ulhamplon gmng the Feople tho supp)rt peoFle in ￿ed much needed
information.
Football Fellokv6hip is a ministy primarity aiNEd at hjl rtt)t exdusive lo nEn, uealing a pla￿ where they can find
friendship, conversation, supFrf)rt, and exeruse. We rewJnise that rnen can find rt hard lo express emotions and cOn￿rnS
and this ministry has provided a communty they a￿ able to oren and feel supwrted as they ￿rk on their
ernolional and physical wellteing. This rninislry has expanded, and we now regularfy hire two pitches so we can train with
some ol our young Feople. The men lake lums in training wlh them lo encourage and mtryel swrtsman like Èehaviour lo
them.
We have a small business meeting lo help inspire and ￿nnect teoF4e in Ihe churth wth small businesses. We have a
sFtaker lo give valuable Info￿alB)n lo these FtoF4e and we also shO%￿aSe these businesses al a Christmas fair in the
women's ministry. We find that this ministry gives a sense of FxJrrx)se and a support netwo1* w that they can
succeed. There are plans this year lo extend this small into a sch))I with lexhing lo help Feople lo reach their
goals.
We have an Asian lelbvship which meels al Ihe thurth every SuThJay afterrKxJn. T￿Y run a meeting which is held in
Malayalam, the offiaal laThJuage of Ihe s(ale of Keraa, and they can provide for peO￿e th wsh lo attend a Servi￿ in
their nalive13nguage. This 15 a ￿al benefit for IIK)5e Ihal attend as they atternpt to settle in the UK. This seNce helps lo
banish the isolation they can feel and gives them a sense of community-
Victory GoskEI Churth remains committed lo helFXNJ rr* the n*ls of the most vulneraNe tEople in our community,
city, nation, and the world via tnjsled and repulatle I￿al partners on the ground. Whilst this year has Leen very
challenging, l am thased lo say the staff and n￿Mi￿r$ of V￿Ory 13)spel Churth have risen lo the challenges and been
a￿e lo adapt and lo find new ways lo seNe our IcThl cornmunity.
In summary ￿ a￿ continuing lo thrive and expand into rEw realrns live Streaming kthal we do at Victory all around
the worfd and Ir￿reasIng our Servi￿ lo the Ictal community through our many community-based ministries. I know we
shall go from strength lo strength a5 we seek lo find new and innovatwe bvdys of touching tEople hearts and lives. We
remain committed lo reaching ￿F4e IMth our cl HoFe, Help and Healiry.

VICTORY GOSPEL CHURCH
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 (continued)
Investment
w¢rs
The Iruslees may invest funds as they see frt.
Flnancial revlew
The charity has seen a increase ITh inoyne of £57,833 10 £425,864. A deficrt of £23,98712023. £17,789) has teen
incurred this year. FurKls al 31 March 2024 decreased to £725.21812023'. £749,205). Total lunds are shown in notes 9
and 1010 the accounts.
sepies
ollc
The charity Seeks to rnaintain general funds equating to three lo six ￿￿TrIh$ of un￿striCted exFendilure. General funds of
£63,404 as shown in Th)te 10 represent kss 2 rrKJnlhs exFeThJilufe. Reserves are o)nlinually monitored by the
Trustee5.
Risk assessment
The Iruslees regularfy review Ihe risks lo thich charity is exp)sgJ in order io ensure they a￿ managed.
¢m¢nt ol r¢$
n8lbllitie$ of th¢ members oltht ¢ommittee
The Iruslees, who are also the direclors ol Victory Gospel Church for t￿£ purrM)se of company law, are resp)nslble for
preparing the Trustees, ReKK)rt and the accnunls in ￿￿rdar￿ vilh apF1iCa￿e law and United Kingdom Accounting
Standards (United ￿ngdorn Generalty Accepted Acts)unb'rKJ Practice).
Company law requi￿$ the IrLL8lees lo p￿pa￿ &￿Unts for eath fin￿181 year give a true and fair view of the slate
ol affairs ol the charity and of the incoming resources and aFF4KatKJn of resources, i[￿Uding the incorne and exFendilure,
ol the charitable company lor that year.
In preparing these acLounts, the irusiees are requirgj to..
select suilaL4e accounting policie5 and then apply Ihern con%slenlly',
observe the methods and wnciFles in Ihe Chanties SORP..
make judgements and eslimales Ihal reasonat4e and Fwjent. Jwj
slate whether ap￿￿a￿de accounts'ng standards have teen folhJ*vJ, subject lo any Material departures disclosed and
eX￿ained in the financial statements., and
prepare the accounts on the going concem basis unless il is inappropnale lo presun* that the charity bMII
continue in operats'on.
The Iruslees are reswnsiNe for keeping ￿equate aco)unliNJ w)rds that discbse with reasonab￿ ￿uracY al any lime
the financial position ol the chanty and enaNe Ihern lo er￿Ure that the aXJJJnls comF4y wilh the Companies Act 2006.
They are also ￿$￿nSIb￿ lor safeguarding the assets of the charity aThJ hen￿ for taking reasonable steps lor the
prevention and detection of fraud and other irregularities.
Approved by the trustees on 12 Decernter 2024
and signed on their behaw by
White
A While
Trustee

VICTORY GOSPEL CHURCH
YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
I report lo the charity Iruslees ￿ my examinat#)n of the ￿)Unts of the company lor Ike year ended 31 March 2024,
which are sel out ￿ pages 810 17.
Res
onsibilities and basi8 of rg
As the charity's Iruslees land also its directOf5 for the purtoses ol ￿rnpanY lawl you are restonsible for the preparation
ol the accounts in accordance the requirements of the C(Knpanies Act 2(K)6 lthe'2006 Act'l.
Having salisfied myseK that Ihe accounls ol the company are not r8]uired lo te audiled under Part 16 01 the 2006 Act
and are eligitAe for independent examination, I rewrt in resFect ol my exarnination of your charity's ￿Unts as carried
out under section 145 of Ihe Charities Act 2011 (the .2011 Acl'l. In C￿ng out my examination I have followed the
Directions given by the Charity Commisshm under section 14515llbl of the 2011 Ad.
Inde
endent examlnerfs re
sin￿ the company's gros5 inco￿￿ exceeded £250,(x￿ your exarniner mu51 tse a memter ol a trthjy listed in section 145
ol the 2011 Act. I conlim that l am qUaIrf￿ lo undertake the examinatKin I￿aUSe l am a nEmber of the A$s￿l8110n of
Chartered Certified Ac￿untant5, which is one of the listed tc¥Jies.
I have ￿m[Aeted my examinat￿]n. I confirm that rK) matters have conE lo my attent￿)n in ￿nneCtiOn wrth the
examinalk)n giving me cause lo telvdve..
111 accounting records were not kept in ￿s[ec1 ol the company as rg]uired ty ￿tIOn 386 01 the 20(A Ad., or
121 the accounts do not accord wlh Ihose xLounling records,. ci
131 the accounts do not CoM￿Y with the ￿)untIng requirernents ol s￿￿)n 396 of the 20￿ Act other than any
requiffmenl that the attounls give a 'lnJe and fairf VEW %thich is nol a matter considered as part of an indeFtndenl
examinats'on., or
141 the accounts have not teen pyepared in ￿)r￿an￿ ￿1h It￿ methojs aThJ principles ol the Statement ol
Recommended practice for a￿ountIng aThJ rekK)rting by charities ap￿1¢able lo charities preparing their 8¢counts in
accordance bmth the Financral RepJrti'r¥J Standard apF4icatde in the UK aThJ Republ￿ of Ireland IFRS1021.
I have no COn￿rnS and have ￿)me ￿TOsS no other matters ITr cOnn￿li0n with the examinat￿)n lo whth attention should
be drawn in thi5 rewrt in order lo ena￿e a proFtr uTrJerstanding ol the ￿CoUnts lo te reached.
J E Harris FCCA
12 December 2024
Knight Gocwjhead ￿MIted, 7 Boumemulh Ro&J. Chandlerfs Ford, Easlkigh, Hampshire S053 3DA

VICTORY GOSPEL CHURCH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
Ilncluding Income and Expenditure Accoun1}
Unrestrlcted Restrlcted
fund$
fund$
2024
2023
Note
INCOME
Voluntary income
Charitable xtivilEs
408,149
9,038
416,492
9,038
334
359,965
8,000
Investment income
TOTAL INCOME
417,521
8,343
425,864
368,031
EXPENDITURE
Charitable xtivit￿$
448,946
449,￿1
385,820
TOTAL EXPENDITURE
448,946
449,851
385,820
NET IEXPENDITUREI I INCOME FOR YEAR
BEFORE TRANSFERS
131,425}
7,438
123,98n
117,7891
TRANSFERS BETWEEN FUNDS
14,8801
NET IEXPENDITUREI I INCOME FOR YEAR
126,545}
2,558
123,987)
117,7891
FUND BALANCES AT 31 MARCH 2023
7JJ,941
18,264
749,205
766,994
FUND BALANCES AT 31 MARCH 2024
704,396
20,822
725,218
749,205
This stslemenl of finanoal activrties indudes all gains and k)5ses rectfjnised in the yew.
All in￿ming reSoU￿S and ￿$[￿r￿S ex￿nded derive from continuirvJ activrties.

VICTORY GOSPEL CHURCH
PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
Ilncluding Income and Expenditure Account)
Unrestrleted Restrlcted
fvnd$
funds
2023
Note
INCOME
Voluntary income
Charitable xtivit￿S
355,915
4,050
359,965
8,000
66
Investment income
TOTAL INCOME
363,981
4,050
368,031
EXPENDITURE
Charitable activilEs
393,386
2,434
385,820
TOTAL EXPENDITURE
383,386
2,434
385,820
NET INCOMEIEXPENDITURE FOR YEAR
119,4051
1,616
117,7891
FUND BALANCES AT 31 MARCH 2022
750,346
16,648
766,994
FUND BALANCES AT 31 MARCH 2023
730,941
18,264
749,205
This statement of finantsal activrties indudes all gains and kxses r&x•Jnised in the ye&.
All in￿ming ￿SOurceS and ex￿nded derive from ￿ntinU1￿j activrties.

VICTORY GOSPEL CHURCH
Company number.. 7494182
BALANCE SHEET AS AT 31 MARCH 2024
Note
2024
2023
FIXED ASSETS
Tangible assets
7,3
558,744
CURRENT ASSETS
Debtors
Cash at bank and in hand
16,436
148,372
164,808
16,903
191,405
208,308
CREDITORS.. arnounls fallirrfJ
due wilhin one year
16,9801
117,8471
NET CURRENT ASSETS
157,828
190,461
NET ASSETS
11
725,218
749,205
FUNDS
Restricted funds
Designated funds
Unrestrict￿1 funds
20,822
640,992
63,404
18,264
624,251
106,690
10
10
TOTAL FUNDS
725,218
749,205
The company is ent'lled lo the eXemFI￿n from Ihe audrt requirement o)ntsined in secknn 477 01 the Companies Act
2006, lor the year ended 31 March 2024. No memter ol the CJ)mpany has des>)sited a noti￿, putsuanl to section 476,
requinng an audit ol Ihese accounts.
The directors ￿knO￿edge their respjnsikn'lil'es for eTrsuriTrJ that the company keeps arxounling records which comply
with section 386 01 the Act and lor p￿paring ￿oUnt$. give a Irue and lair view ol the slate of affaits ol the
company as at the end ol the fina[￿la1 year and ol its incomiry resources and application ol resources, including rts
incorne and expenditure, lor the finarKial year in &cordance wlh the require￿EntS ol sections 394 and 395 and which
olhemse CoM￿Y bmlh the requirernents of the Companies Act 2CQ6 relats'rrfJ lo ￿)unts, so far as applicable lo the
)mpany.
These financial State￿EntS have teen prepared in ￿Q￿rda￿e ￿￿th the prowsions appliCa￿e lo companies suts'ect lo the
small companies regime bmthin Part 15 of Ihe Companies Act 2[￿.
Approved by the trustees on 12 Decernter 2024
and signed on their tehaff by
L Ogbuh
Trustee

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
al AccounlirKJ U)nvenlK)n
The financial slalernenls have teen prepared in ￿)rdan￿ Accounts'rrfj and Retorting by Charities.. Sialemenl
of Re(Dmmended Practice applicable to charitss preparing their ￿UnIS in a￿[dan￿ with the Financial RepK)rting
Standard applicable in the UK and Repjtlic of Ireland IFRS 1021 (effective January 20191- Icharilies SORP IFRS
10211, the FinatKial Rekyjrting StsrKlard in UK and Republic of IrelatKI IFRS 1021 ar￿ the Companies
Act 20(E.
The charity rrEels the deffinitKJn of the wtlic teneffil entrty under FRS 102. Assets and liabilrties are initially
r￿Qgnised al historical cost or tranwtion Val￿ unkss othervAse slated in the rebvanl acrounling pjicy note.
The accounts have tsen prepargj on the g)ing basis. There a￿ Th) matenal Un￿rtaInlieS about the
charity's ability lo continue.
bl Fund accounlir@
Unrestricted funds art funds that are availab￿ for use al the disffttion of the tnjslees in furtherance ol the general
objectives ol the tharty.
Designated funds a￿ unrestricted funds eamwrked by trustees ts partNxJlar kxjrwses.
Restricted funds are luNls which are lo te used in ￿tor￿a￿ %Mlh skwfic festricts)ns imposed by donors or which
have teen raised by the charily lor particular wrFoses.
The aim and use of each reslrictwj fvnd is set Lwt in noles to financial slatenEnts.
cl Income
All inconk is included in the Statement ol Finanual Activrties thn the ¢harity is legally entr'lled lo the incorne and the
amount can te quanithed with reasonatle &cuw. The follow￿ ￿1C￿S are apFAied lo particular
categories ol income.,
Investment income is included then re¢eNable.
Charitable activilEs incorne is ￿CoUnted lor eamed.
Donated goods and assets are ￿COUnted lor rureiv&l. are recconised as stock until they a
dislribuled.
dl Expendilu
All expenditure is ￿lln1ed for on an axruals basis aThJ has teen dassffi&l under headirys that aggwate all costs
related lo the category. ExFendilure is ￿11 nett￿ off &Jainsl related income and ￿ shown inclusive of VAT which
eannol be reclaimd.
Charitable exK*nditure comprises ol those costs irRJJrred by the charity in the delivery of rts acb'vilies and setmces for
its beneficiaries. It includes t#)th costs Ihat ￿ te alkrated directy lo s￿h xtivrties and those costs of an indirect
nature necessary to SUp￿rt them.
All costs are allO￿ted ktween the exFenditure categories of the S(atemenl of Financial Activities on a basis
desigt*d lo reflect the use of the reswrce. Costs relatitYJ lo a parti￿18[ &tiwty ale alknated direcdy.
10

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
ACCOUNTING POLICIES Icontinuedl
el TangitAe fixed assets and depr￿iaknn
Fixed assets are capitslised for on￿ing use ￿1h1n Ihe charity, vthere the individual cost ol the asset ex￿dS £200.
Depreciats'on is provided on all other langiUe fixed assets at rates cakulated lo wllte off the cost on a slraighl line
basis over their exrkcted useful ec0Th)M￿ lives as lollovts..
Land and buiklings
Equipfflenl- Admin & PA system
Fixtures and fittings
Plant and machinery
2% slraKJht line
20% slrJighl line
20% slraighi line
20% slraighl line
LEGAL STATUS
The charity is a Company limited by guarantee and has no share caplal. The charTtaNe ￿fflpanY was incorwraled
on 17 January 2011 in England and was wislered on 20 April 2011 wilh Ihe Charity Commission in England and
Wales. The charity is a publK tenefil entity.
The ￿giste￿d offKe of the charitat4e company is The Centr8, 154-156 POrts%%f￿ Road, Portswood,
Soulhamplon, Hampshire, S017 2NH.
11

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
EXPENDITURE
Unrestricted Restricted
funds
funds
2024
2023
Costs dlreety allocated to %tl¥llles
Pastoral
- Staff costs
- Guest speakers
- Travel costs
- Overseas travel
Hospitality and ministry training
Staff training
Donations and pastoral Care
Suptort lor missionaries
Gifts in Kind donats.ons
133,911
8,120
3,477
10,064
27,012
133,911
8,120
3,477
10,064
27,528
532
7,215
40,743
137,179
10,492
3,184
8,341
27,304
1,032
8,869
28,318
516
7,215
40,743
Church prernises expenses
Depreciats'on
Ulililies and insuran
- Repairs
28,516
42,045
41,534
28,516
42,045
41,534
21,188
26,133
19,683
Food hub
Outreach wrjrk
Youth
Victory Asian Fellowship
5,423
4,420
3,578
8,361
372,951
5,423
4,647
3,578
8,361
373,694
5,814
3,867
3,739
6,713
311,856
227
743
Support costs •lloc8ted to •ctlvllles
Salaries
Telephone, FM)slage and ststKinery
Office equiFNllenl and IT
Advertising
Bank charges and interest
Depreciats'on
Independent examination and accountar
50,708
9,024
8,678
67
2,587
1,g)1
3,030
75,995
448,946
50,708
41,341
8,837
11,230
603
2,386
1,830
7,737
73,964
385,820
8,768
67
2,587
1,901
3,030
76,157
449,851
162
TOTAL EXPENDITURE
Induded hmihin indeFendenl examination and a￿OuntancY 15 £2,76012023'. £2,760) for indeFendenl examination and
£27012023.. £4,737) paYa￿￿e tr> the IThIe￿ndenI examinets forother se￿￿.
12

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
ANALYSIS OF GRANTS
Grant payrren15 01 £1,(KK) or W￿re to thwttable insbtutK)n5 V￿re as fOlkn￿..
2024
2023
Heart for India Foundalh)n
Kings Schix)l Trust
Oasis of Life RCCG
walki￿ Like Jesus
Failhwdlk Ministry
Christian Mi&$1￿ Intemal￿naI
18,200
8,800
2,000
1,000
7,140
3,000
4,025
1,5(K)
STAFF COSTS
2024
2023
Wages and salarvds
Sccial securrty
Pension
170,515
8,886
5,218
184,619
166,098
7,636
4,786
178,520
No ern￿Oyee received erndUW￿nts grealer than £60.C(Q ￿ the ojrrenl or ￿or year.
Key rnan4ernenl ￿re paid a ￿1￿ of £72,63012023'. £69.03n lF%gya￿e to ernFloyees12023.' two em￿oYeeS1l.
The aVer￿e numterof empbyees durirKJ ItE finanaal year ¥￿e..
Number
Numbor
Pa51oral
Administration
Pgymenls to trnstees
A pastor of the church xled as a trustee throughout the yw aThJ receNied emoluments for his Servi￿ as a pastor.
The emoluments are delemiined by the trustees not lo him.
2024
2023
Rev A Wh(te
46,755
45,569
No other trustee received remuneration during this orlhe prK)ryear.
No expenses ￿tre reimbursed lo the Intstees during this orthe PTior year.
13

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
TANGIBLE FIXED ASSETS
Freehold
Equipment
Propety PA & admin
Fixtures &
fittings
Totsl
COST
Al beginning of peri(KJ
Additions
Disposals
Al end of period
647,058
83,516
5,527
33,786
33,536
12301
67,092
764,360
39,063
12301
803,193
647,058
89,043
DEPRECIATION
Al beginning of peric*
Charge for the wrK)d
Disposal
Al end of period
114,148
12,941
60,837
9,742
30,631
7,734
12301
38,135
205,616
30,417
12301
235,803
127,089
70,579
NET BOOK VALUE
Al end of period
Al beginning of perichj
519,969
18,464
28,957
567,390
532,910
22,679
3,155
558,744
DEBTIJRS
2024
2023
Inco￿￿ lax recoverab
Other debtors
14,487
2,416
16,903
7,393
16,436
CREDITORS.. arnounls falling due *ithin one y
2024
2023
Trade creditors
Accruals and deferred incotr
Other credilors
7,917
4,475
5,455
17,847
4,826
2,154
14

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
RESTRICTED FUNDS
Transfers
between
funds
At beginning
of period
Incorne Expenditure
At end
of period
Building fund
Failhworks
Swilic donations
12,116
3,969
2,179
18,264
13,679
5,464
1,679
20,822
2,41X)
(s￿5)
14,8801
14,8801
8,343
I￿5)
The building fuNI represents n￿nIeS donated SFeofically for upkeep of the Victory Centre and towards new
premises for the Victory Asian Fell)￿hIp.
Donations made lo Ihe Faith￿￿[kS fund are used lo run VGC Farth￿rkS Bille College.
sFrfiI￿ donations relate lo arTr)unts given for small projects aThJ missionary ￿rk.
10
UNRESTRICTED FUNDS
Transfern
betrween
funds
At beginning
of period
Income Expendbture
At end
of perlod
Designated fvnds..
Capital fund
Victory Asian Fellowship
Missions fund
The Food Hub
558.744
22.948
27,782
14,777
624,251
130,41n
18,3611
129,21n
15,4231
(73,4181
39,063
567,390
30,906
31,419
11,277
640,992
16,319
32,854
1,923
51.096
39,063
Genergl fvnds
106,6St)
730,941
366,425
417,521
1375,5281
1448,9461
134,1831
63,404
704,396
The Capital fund represents the Tret b￿k value cl the Victory Cenlre aThl other fixed assets
The Victory Asian Felk)wship fu￿1 rewesenls I￿nieS ts 0)ng￿al￿ has raised.
The Missions fu￿ represents sel asth by the I￿￿eeS lo suppurt its hvr1dl￿de missions.
The Fooj Hub Ifoffnerfy Highway ninislryl is sup￿rted by offerings used lo fijnd the weekly soup run project
that the thurch is involved in.
15

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
ANALYSIS OF NET ASSETS BY FUND
Restricted Unrestricted
funds
funds
2024
Totsl
At 31 March 2024
TangiL4e assets
Current assets
Current lia￿.111Vds
567,3
143,986
16,9801
704,396
567,390
164,808
16,9801
725,218
20,822
20,822
Restricted Unrestricted
funds
funds
2023
Totsl
At 31 March 2023
Tangitle assets
CUr￿n1 assets
Current liabilit￿S
558,744
190,044
117,8471
730,941
558,744
208,308
117,8471
749,205
18,264
18,264
12 RELATED PARTY TRANSACTICWS
There were no related paty trans&tic￿S durir¥J this orthe ptv)ryear.
13 OPERATING LEASE COMMITMENTS
Ai 31 March 2024, the charily haj totsl commitments under r￿n￿n￿lI￿le OFeraling leases, due as follows..
2024
2023
Within one year
436
1,255
16

VICTORY GOSPEL CHURCH
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
14
DONATED GOOD AND SERVICES
During the year, the charity received ¢knnaled grfis in kind a total value of £8,000 which has been induded in
income and exFEnditure. The trustees wsh lo extend tt*iTthanks forts￿$e ￿nerouS (knnab'ons.
15
PRIOR YEAR FUND MOVEMENTS
RESTRICTED FUNDS
Transfers
befvmn
funds
At beginning
of period
Incorne Expenditure
At end
of period
Building fund
Failhworks
Swilic donations
10,866
4,103
1,679
16,648
1,250
12,116
3,969
2,179
18,264
12,4341
4.050
12,4341
UNRESTRICTED FUNDS
Tran8fern
belween
funds
At beglnnlng
of period
Incorne Expendlture
At end
ol period
Designated fvnds..
Capital fund
Vitory Asian Fellowship
Missions fund
The Food Hub
570,712
15.041
14.703
18,615
619,071
123,0181
16,7131
116,4311
15,8831
152,0451
11,050
558,744
22,948
27,782
14,777
624,251
14,620
29.510
2,045
46,175
11,050
Gener81 fvnds
131,275
750,346
317,8(
363,981
1331,3411
1383,3861
111,0501
106,690
730,941
17