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2024-12-31-accounts

VICTORY CHRISTIAN CENTRE

(ASSEMBLIES OF GOD)

SLOUGH

TRUSTEES REPORT AND ACCOUNTS 2024

Prepared by: Kaxton Advisory

Apostles Continuation Church Int. UK

2 VICTORY CHRISTIAN CENTRE

22 SOVEREIGN HEIGHTS SLOUGH BERKSHIRE SL3 8PY HarrowMiddlesexHA1 1

VICTORY CHRISTIAN CENTRE - ASSEMBLIES OF GOD, SLOUGH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER, 2024.

The trustees of the charity present their report with the financial statements of the charity for the year ended 31[st ] December, 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS:

Registered Charity Number: 1147428

Registered Office:

22 Sovereign Heights Slough Berkshire SL3 8PY

Trustees: Stephen Baffour Trustee (Chairman) Miss Helina Donkor Trustee Shiela Tolbert Trustee

Independent Examiners: Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH

Bankers: Lloyds TSB Bank 123 High Street, Slough Berkshire SL1 1DN

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STRUCTURE, GOVERNANCE AND MANAGEMENT:

Governance

The church is governed by a Constitution and the Church Council, as defined by the Charities Act 2011.

Membership of trustee board:

The trustees of the charity are also voluntary trustees for charity law and under the charity's Constitution are known as members of the Trustees Board.

Induction and training of trustees

All trustees are familiar with the practical work of the church and have undertaken training to support their role.

Organizational structure

The Trustee Board meets quarterly, and a quarterly branch feedback report is given at each meeting. The Branch Pastor has the responsibility for the day-to-day operational management of the church supported by the Assistant Pastor elected by the branch.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Internal control risks are minimized by the implementation of procedures for authorization of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church

OBJECTIVES AND ACTIVITIES:

Objectives - For the Benefit of the public

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ACHIEVEMENTS AND PERFORMANCE:

Achievements :

FINANCIAL REVIEW:

Church Finances:

The church finance committee was responsible for the financial planning during the year. The church was able to raise £27,862 as against expenses of £20,796 resulting in a surplus of £7,066 within the year.

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STA TEIIENT ()F TRII.%TTr.Tr-.S RF'•bV()NSIIIII.11 Ifr-. Thc Iru%lLY.s #Tt r¢4￿)nsIble (Lir picpaiing ilic fin?IKliil qlxlcincnli ii? arciirdiince with appliiable laii. iThl ITnilkxI Kiii¥?diii11 (iciicialli, A¢Lepicd ArciiiinlinB Prarlicc (IIK GAIIPI. Chariii. l.iii' reqiiirL'S ihe Ini£tccs li) prcraic fiii.1iicr#l %taicinerils f(IT cacll fin.TrllCioil year. Llndlr ihai la14- IhL Illl%tCLS111IL cIlLIL￿ tii iirip.'ITe tlie fiiii?IICl411 s111eimenls in acci)rdAnce i'iih ihL Llnitcd KinLdi)ii) (Icniralli. 2liiepiLd ALLiiuiilinB Pr2clic¢ Iuniled Kingdom tli1l)unling Sianil.qnl& aEid.IpiiliL:Ihli lttii-l. Tli¢ fiiiHiiLiAI £l1llLliienl$ lire rcquired hy13w in giic i Iruc.?nd r.iir i Icii. lil-tlii &lillL of alT.iirs of IhL Lliariiablc cvmp.'Iny dnd (If thc sijrplus or dLfiiil ofihe charilablc ci)IMpin!. for ihai p¢ri1￿. In preparing th(Tr4e financial giatcmcnis. IhL Inistces are miu1n￿ io l. Select 5uilable accounting tK)Ii¢ic5 and ihcn apply thcm c(Nbsislently' 2. hqake judgmcnts and t&timal¢s ihat arc rca50nable and pwdent: 3. Pwrc thc financial slatcnicnts on the goinb? con¢cm basis un1¢55 it IS inappropriate to presum¢ tlia( Ihc charitable company will continue in busine55. The tNsiees ar¢ rcsponsible for Kcepinr proper accounting rccords w'hich disclos¢ with re&£onable 0ccufdC!' at an!, liine die finanrial ￿%1110n of the c]uriiable company and io cnablc iheni io ensure iha( the finaiicial slalcnicnls comply with thc Chariiies A¢i 2011. The!, are also responsible for safcgwarding ihe assets of the ¢h8Tity and h¢n¢e for takin¢ asonable Meps for the PTeveniion and dciection of fraud and other iTrcgulariiies. STATENIENT AS TO DISCLOSURE OF INFORi4IATION TO INDEPE)DE)T E.¥￿}11￿1,ERs So far as the trustees are aware. there is no relevant inforn)ation of which the chpritv s independent examiners are unaware. and edch trusleehas taken all the steps ihai ihey ou.hi to ha￿¢ taken as a tri￿¢¢ in order io make them aware of any examination infomiaiion and establish thai the charity's indcpendeni examinets are aware of that infonnaiion. IliDEPEliDENT EXA￿lINERs The itidependent eXaMille￿ KaxtOD Advisory Ltd. will beprofv)sed for reapp)inim¢nl ai the fonbcoming Annual General Mttting. On Behalf of ihe Board: Siephtn our 30th October. 2025. Scanned wlth cs '.15 Camscannerf,.

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VICTORY CHRISTIAN CENTRE - ASSEMBLIES OF GOD, SLOUGH

I report on the accounts of the Church for the year ended 31[st] December, 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 9 to12

This report is made solely to the Trustees Board in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church’s trustees for my examination work.

Respective responsibilities of Trustees and Examiner

The Church’s trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioner.

An examination includes a review of the accounting records kept by the Church 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 undertaken 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.

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Independent E.¥aminer's statement In connection with my examination, no mattcr has come io my attention.. l. Which givcs mc reasonable cause io believe thai in any matcrial rcspcct thc requircmenis -to keep 4ic¢ounting records in accordance M'iih S¢¢iion 130 of ihc ChariiiLs Act ,'and lu piepclre EiCCOUI)l% which accord wilh ihe accounting records and comply with the accouiiliiig rcquir¢iii¢i)ts ol. thc Charitics Act Iiavc Iiol bLei) MLI; or 2. t() wliich. in my opini()n, atlLnlion should be drawn in order to enabl¢ a proper Iinderslandinby of lh¢ iicc()unt8 to be reached. KAXTON ADVISORY LTD SUl'l'E O THE GENERATOR BUSINESS CENTRE SURRTr:Y CR4 3fH Kaxton Advisory Sl¥ned:.

VICTORY CHRISTIAN CENTRE ASSEMBLIES OF GOD-SLOUGH STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2024

----- Start of picture text -----
2024 2023
General Restricted
Funds Funds Total Total
£ £ £ £
Note
INCOMING RESOURCES
General Income 2 27,862 - 27,862 16,448
-
-
Total 27,862 - 27,862 16,448
RESOURCES EXPENDED
Charitable Expenditure:
Administration & Management 3 20,796 - 20,796 16,706
Total 20,796 - 20,796 16,706
NET INCOMING RESOURCES 7,066 - 7,066 - 258
Movement in Funds
Net Incoming Resources 7,066 0 7,066 (258)
Balance brought forward (3,917) 0 (3,917) (3,659)
Transfers 0 0 0 0
Balance Carried Forward 3,149 3,149 (3,917)
----- End of picture text -----

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VICTORY CHRISIIAN CENIREASSEM8LIES OF GOD-SLOUGH BALANCE SHEET AS AT 31ST OECEMBER2024 2024 2023 Note Non-CurrenlAssds Filed Assei 3021 3.776 3021 3.776 CuNeni Assets Bank ILlo>YlsTSBI 7859 1,819 7159 Credrf(ois-Amounifallingduewllhin l yeai 498 Net CurrentAssels 7J61 1,321 Credltors:Amountlallingdue In more ihaD lyeai 9.014 NelAsset5 13.917 Funds General 3149 1&9171 3149 119171 Approird by tbeboard Council on And si8nedon ils behalf by Siephen BIff0￿r (Chainnan) ( TreJ5urerl Scer¥)ed wlth C4mScanner '. C5

NOTES TO THE FINANCIAL STATEMENTS:

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP.

Basis of Accounting:

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are show at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Incoming Resources:

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

Voluntary Income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognized when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.

Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold.

Income from investment is included in the year in which it is receivable.

Resources Expended:

Expenditure is recognized on an accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes, including the charity’s shop.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are those costs incurred in support of expenditure on the objects of the charity and include project management.

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VICTORY CHRISTIAN CENTRE - SLOUGH

NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024

2. INCOMING RESOURCES

2. INCOMING RESOURCES
Voluntary Income
General Fund
General Offering
Tithes
Thanks Giving
Donations
Gift Aid received
Harvest
Other
Total		 General
Funds
9,049
12,266
805
916
4,456
370
-
27,862
27,862		 Restricted
Funds
-
-
-
-
-
-
-
-
-		 2024
Total Funds
9,049
12,266
805
916
4,456
370
-
27,862
27,862		 2023
Total Funds
3,830
9,570
1,156
527
1,365
-
-
16,448
16,448

3. RESOURCES EXPENDED:

3. RESOURCES EXPENDED:
Rent/ Rates
Donations
Repairs & Renewals
Travel & Transport/Fuel
Accountancy
Insurance
Stationery/postage
Pastoral
Administration Cost
Evangelism
Telephone/Fax
Social Activites
Training & Conference
Depreciation		 6,453
-
1,090
-
214
-
1,272
-
498
-
1,525
-
1,355
-
2,834
-
3,755
-
400
-
646
-
-
-
-
755
-
20,796		 2024
Management &		 2023

Management
& Admin
£
3,663
730
500
1,151
498
898
379
6,175
1,708
70
-
-
107
829
16,706

Admin
6,453
1,090
214
1,272
498
1,525
1,355
2,834
3,755
400
646
-
-
755
-
20,796

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VICTORY CHRISTIAN CENTRE - SLOUGH NOTES TO THE ACCOUNTS - 31ST DECEMBER 2024

6: FIXED ASSETS

Cost
Additions
Disposal
Balance as at 31st Deecmber 2024
Depreciation/Rate
As at 1st January 2024
Charge for the year
Balance as at 31st December 2024
Net Book Value
As at 1st January 2024
As at 31st December 2024		 Equipment
9,593
-
-
9,593
5,819
755
6,574
3,774
3,019		 Mini Van
Car
3,500
11,113
1
1
-
-
3,501
11,114
3,500
11,113
-
-
3,500
11,113
1
1
1
1		 Total
24,206
2
-
24,208
20,432
755
21,187
3,776
3,021

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