## Annual Report 2023-2024 ## Aim and purpose Victory Church Blaenavon is a small non denomination church which operates solely through volunteers. The mission of the church is to reach the community of Blaenavon and surrounding areas through pastoral, evangelical, social, and ecumenical means. The church is pastored by Nick and Suzanne Walters who were appointed when the church was planted in 2013. The organisation is a registered charity and is run by the trustees, church elders and the church deacons. ## Objectives and Activities The leadership is committed to ensure that as many people as possible are offered the opportunity to come and worship in a friendly cheerful environment. A place where people can come and share their problems and receive prayers and hope. The church meets weekly for a single church service which includes, lively modern worship, preaching from scripture, prayer, and communion. The leadership are regularly reviewing ways in which we can help our local community and improve public benefit. The church has a passion for the lost and the broken which has led to the establishment of our Foodbank. Through the volunteer scheme, many roles within the church are carried out by ordinary people of faith. ## Achievements and Performance ## Worship and Prayer In person services were carried out during this period with attendance weekly increasing by 20% during this period. Baptisms were carried out during this period and a weekly prayer meeting was started to pray for the work of the church. ## Pastoral Care Pastoral care was carried out via telephone, messages and in person visits. Most of the pastoral care was provided by Mr Phil and Mrs Nick Paine and Mrs Suzanne Walters. ## _Kid’s church_ Kids church has returned to in person weekly meetings during the main Sunday service on Sunday mornings. The kids church numbers have steadily increased due to the increase in families attending the church during this period. ## Mission and Evangelism ## _Foodbank_ During this period foodbank was moved to the main church premises and opened weekly for those is needing emergency food parcels in the north of Torfaen. The trustees would like to thank Mrs Suzanne Walters and the rest of the group volunteers for their commitment to providing food parcels and prayer for those that were in need. ## Financial Review Total receipts on unrestricted funds were £31,235, most of which was generated by those attending the church regularly. The total payments made was £28,800. The net result for the year was an excess of receipts over payments of £2,355 on all funds. ## Volunteers All of the church activities are carried out by volunteers. The leadership would like to thank all those that have given up their time to help run our church as a loving community. ## Structure and governance ## Trustees The church as a registered charity has trustees. These are: Mr Phil Paine Mr Nick Walters Mr Bryan Hopkins The trustees are responsible for all legal, ethical, and financial matters. The trustees met 3 times during the year. ## Church Elders The church elders are responsible for day-to-day decisions and the spiritual direction of the church. The church elders are: Mr Phil Paine Mr Nick Walters Mr Andrew Jones Mr Roger Elver Victory Church Blaenavon Financial Statement for the year ending 31 January 2024 Unrestrlcted Restricted Endowment Total 2024 Totsi 2023 Funds Funds Funds RECEIPTS AND PAYMENTS ACCOUNT Receipts Regular Giving Donations Rent Other Foodbank 29,571 1,175 29,571 1,175 26,690 2,140 21 1,600 30,451 488 488 31,235 31,235 Payrrients Ministry/Events Gifts/Donations Rent/Hire of Rooms Renovation / Repairs Large Purchases Consumables Foodbank 10,529 3,370 2,984 1,699 9,455 682 161 10,529 3,370 2,984 1,699 9,455 682 161 9,522 6,180 2,777 2,432 3,212 399 1,740 28,880 28,880 26,262 Excess of Receipts over Payments 4,188 Bank account 01 Feb 2021. Bank account 31 Jan 2022 22,992 25,347 22,992 25,347 18,804 22,992 srATEMENT OF ASSEfs AND UABIUTES Cash Funds Bank Current Account 25,347 22,992 Other Monetary Assets Investment Assets Assets retained for Church use i Liabilities The attached notes form part of these financial statements. Approved by the trustees and signed by Pastor Nick Walters and Trustee Phil Paine. ## NOTES 1. The financial statements of the trustees have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipts & Payments basis. 2. The accounts were prepared by trustee Nick Walters. 3. The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012 that at year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on assets of the CIO. ## Victory Church Blaenavon ## ACCOUNTS for the ended 31 2024 year January ## Victory Church Blaenavon ## Accounts ## Year ended 31 January 2024 |CONTENTS|PAGE| |---|---| |Trustees and Professional Advisers|1| |Trustees’ Approval Statement|2| |Accountant’s Report|3| |Profit and Loss Account|4| |Balance Sheet|5| |Notes to the Accounts|6 - 8| ## Victory Church Blaenavon Proprietor and Professional Advisers Year ended 31 January 2024 The Trustees Business name Business address Victory Church Blaenavon MORIAH CHAPEL BROAD STREET BLAENAVON TORFAEN NP4 9NE United Kingdom Accountant N & R ACCOUNTANCY LTD Office Suite A Limekiln Business Centre Pontnewynydd Pontypool Torfaen NP4 6TF United Kingdom 1 Victory Church BLaenavon Trustees, Approval Statement Year ended 31 January 2024 l approve the accounts which comprise the profit and loss account, balance sheet and related notes. I acknowledge my responsibility for the accounts, including the approprlateness of the applicable financial reporting framework as set out in note 1, and for providing N & R ACCOUNTANCY LTD with all the information and explanations necessary for their compilation. On behalf of The Trustees Date: 13 September 2024 ## Victory Church Blaenavon Report to the trustees on the preparation of the unaudited accounts of Victory Church Blaenavon Year ended 31 January 2024 In accordance with your instructions, we have compiled the accounts on the following pages from the accounting records and from information and explanations supplied to us. We have not carried out an audit or any other review, and consequently we do not, therefore, express any opinion on the accounts. ## N & R ACCOUNTANCY LTD Office Suite A Limekiln Business Centre Pontnewynydd Pontypool Torfaen NP4 6TF United Kingdom Date: 13 September 2024 3 ## Victory Church Blaenavon ## Profit and Loss Account ## Year ended 31 January 2024 |Note
**Turnover**
2
Cost of sales
2
**Gross profit**
**Expenditure**
Premises costs
2
Repairs and maintenance
Depreciation
General expenses
**Profit for the year**|2024
£
31,234
10,690
20,544
3,666
1,699
1,890
3,370
10,625
9,919| |---|---| 4 ## Victory Church Blaenavon ## Balance Sheet ## 31 January 2024 |**Fixed assets**
Note
Tangible assets
3
**Current assets**
Cash at bank and in hand
**Net current assets**
**Net assets**
**Financed by:**
Capital account
4|2024
£
7,564
25,347
25,347
32,911
32,911| |---|---| 5 ## Victory Church Blaenavon ## Notes to the Accounts ## Year ended 31 January 2024 ## **1 Accounting policies** BASIS OF PREPARATION The accounts have been prepared under the historical cost basis and on a basis which enables the profits to be calculated in accordance with United Kingdom Generally Accepted Accounting Practice. ## TURNOVER The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. ## TANGIBLE ASSETS Tangible assets are measured at cost less accumulated depreciation. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Fixtures, fittings and equipment 20% straight line ## **2 Profit and loss account analysis** TURNOVER |Regular Giving
Other income|2024
£
29,571
1,663
31,234| |---|---| COST OF SALES |Ministry/Events
Other direct costs|2024
£
10,529
161| |---|---| ||10,690| 6 ## Victory Church Blaenavon ## Notes to the Accounts (continued) ## Year ended 31 January 2024 |EXPENDITURE
**Premises costs**
Rent
Light, heating and power
**Repairs and maintenance**
Repairs and maintenance
**Depreciation**
Depreciation
**General expenses**
Donations|2024
£
2,984
682| |---|---| ||3,666
2024
£
1,699
2024
£
1,890
2024
£
3,370| 7 ## Victory Church Blaenavon ## Notes to the Accounts (continued) ## Year ended 31 January 2024 ## **3 Tangible assets** |**Cost**
Additions
At 31 January 2024
**Depreciation**
Charge
At 31 January 2024
**Net book value**
At 31 January 2024
**4Capital account**
At 1 February 2023
Net profit for the year
At 31 January 2024|Fixtures and
fittings
£
9,455
9,455
1,891
1,891
7,564
2024
£
22,992
9,919
32,911| |---|---| 8 **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** |**Report to the trustees**
**On accounts for the year**
**ended**
**Set out on pages**|VICTORY CHURCH BLAENAVON|VICTORY CHURCH BLAENAVON|VICTORY CHURCH BLAENAVON| |---|---|---|---| ||||| ||31 JANUARY 2024|**Charity no**
**(if any)**|1165688| ||||| ||4 and 5 of the attached report||| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31/01/2024** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. **Signed:** RAHolland **Date:** 13/09/2024 **Name:** RICHARD HOLLAND **Relevant professional qualification(s) or body** CPA **(if any): Address:** OFFICE A LIMEKILN BUSINESS CENTRE PONTNEWYNYDD PONTYPOOL 1 ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2