VICTORY OUTREACH MANCHESTER ICHARIT ABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31ST MAY 2022 CHAIUTY REGISTRATION No: 1167670 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI COIYTENTS Page 3 t£gal & Administrative Inforniation Page4to 11 Trusiees. Annual Rer Page 12 Indenden1 Examinerfs Report on the Accounts Page 13 Siaien*nt of Fina1#1 Activities Page 14 Balance S] Pages 15 to 24 Notes to the Finala1 Stdtements. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI LEGAL & ADMINISTRATIVE INFORMATION CHARITY NUMBER 1167670 DA TE OF REGISTRA TION 16th June 2016 START OF FINANCIAL YEAR I si June ?021 END OF FINANCIAL YK4R 31st May ?0?? TRUSTEES A T 31sr MA Y 2021 Mandlenkosi Walter Moyo Rev. Ro(Ter lan Sulton Rev. David King Iresignt7125106120211 Mrs Claudia Mason (appointed IOA)91?020) LEGAL STATUS Charitable Inclwrdied (kwisaiion GOVERNING INSTRUMENT CIO Fowidaiion Registered I June 2016 CORRESP0Tr4DENCE ADDRFSS 19 LiverwKTrI Street Salford M5 4LY PRIMARY BANKERS NdiWe51 Bank PIC 18? tkansgate manc1er M.I.ILY INDEPENDENf EXAI¥IINER Daniel MtGuren ACMA CGMA FMAAT 3 ChatKd wo] Rise Sheffjeld S87 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI TRUSTELS ANNU,IL REPORTS FOR THF. YFAR F.YDF.D 31s¢ Ilay 2022 The TrStee8 pre%eni their report together with the financial s¢eiS of ihe chariiy the y&gr ended 31 May 2022. The financidi 5tatetnents ha'e been prepared in corda[e with the accounting tx)licies set out on page 17 nd comply Hith the Cknatity's Trust Iked appkn"cabl¢ law. The%e financial %iaiemenis comply wilh Chariiies ALI 2011. the Anicles of ASlatIOn. and Accouniing and Rew)ning by Charities.. Siaiemeni of Recommended Praciice applicable io Chari¢ie% preparing their accoun¢$ in dccorddnce with the FInla[ RetK)rting Stdddy iwplicable in the UK and Republic of Ireland (FRS1021 (Charities SORP {FRS102) aThl the Charities Act 2011). OBJECTIVES AND ACTIVITIES l. The advanCennt of the Chrisiian Faith in accordance wilh the SMen1S of lief set out in the hedUle apng dt the end of the Constitution and the worshipof God in the county dnd el&ewhe]f dnd by means whats(ver including I1 not by way of limitatlonl the pre&hing and prtxlamation of the Christian G(7 and the leaching of Chn"Slian d(ktrine aThJ principles and the rAsioral care of Chrisiian 0p]e and the printing and diqribuiion of the Bible aNI Chri%iian liieraiure including vitkn and audio cOrdIng or CD'S and by any other rnedia which is or may becotne available. 2. The rtlief of petsons wlK> t ID conditions of ed han15hip aTMI consequently are in distSS or who sick. 3. The advancement of educaiion on basis of the ave Chrisiian prilpleS and wiihout prejudice to (he generaliiy of the foregoing provi%ion% of such educaiion in any edwaiional e%tablishmeni and if the tru8tee% decide the proi'ision of one or more charithble education establishments the general education of children or ddults on the bdSiS of such ChrIstn principles. 4. Meetings and events for eWul[S into the Chtistian faith. Viciory Outa¢h is an Inrnaiional Christian Miniqry lents1ed church called to the i&sk of evangelising aThJ discipling Ihe hurting people of ihe world wilh the %ge of ho and the plan of Jesus Chrisi. Thiscall involve committnent to pldnt and develop churches, rehabiliiaiion and training cent5 in strdtegic cities of the world. ViLtory Out#Ch inspite5 and iD%tils within ople desire to fulfil their tentIalS in life with a sense of dignity. lOngiftg and destiny. ORGANISATIONAL STRucfuRE & DECISION MAKING There is a Board of Trus who rreeLS gularlY io make strgic decisiotLS &$ well &$ a Busiress Execuuve Mdndgetnent Te, tndde up of Senior Ptoral Teatn key Senior Staff of the chllh charity which holds regsular weekly busine55 meetings for the day-t041ay 01105 of the church clmity. As ehu]¢h gmws. capacity is Ing built experts in finance and administTation alongside ideniif)Trng Y(ng ta]ents forthe fututy direciion of the chaTiry. PUBLIC BENEFIT The Chdrity acknowledges its requirement to (kmonstrdte cleaTI)' that it must have chatitrdble PUTpKTrse5 or 'aims' that are lor the publie nefIt. tktails of how the chariiy has &hieved this are wovided in the Trustees, pOrt. The Trnsiees conflm that they have paid due reganl to ihe Charity Commission guidance public benefii before deciding whw aciiviiies the ¢harity slK)uld utKierke. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI TRUSTELS ANNU,IL REPORTS FOR THF. YFAR F.YDF.D 31s¢ Ilay 2022 REVIEW OF ACTIVITIES DURING THE YEAR 2021-22 Viciory Outreach ManCheSr church charity. like many (Mher similar organisaiioTrs, has conunued io re- establish its in-F¢f50n mem1 base after a unique after the unlocking of Co]d restrictions. The church's demo&Tdphic hd5 expanikd. allong to reh of the Iocdl coffttnunity through the work done online during the Pte)c. This has allowed us to gIrt to train a new cny of volunteer lea(krs to meet the neells of the member base. We have a150 ien able to adopt a hybrid llKthI. which gives us the Sto to attr&t and retain (K]r online and ift-pe0n memtrer base for weekly Surylay %en'ices. rnid-week prayer. leadership trainins life groups. various prayer meetings and regional engagemeni wilh fil'e otherchurch we have launched out over muliiple years IVO Glasgow, VO Liverw)ol, VO Birn)ingham. VO London City Church and VO Frankfurt}. Our community'% growing inte1 in family life atMI parenting. saw young people enCraged to engage with p)siiive role models, including Bible siudy grou. prayer meeungs-. music and drama. The chari¢y remain% the acon of hope within the community li serves to the Unique of what we do. This year. the charity owed lis continLdexisiewe througl¥)ut theyeariothe untlirKhing (kdicion suppon of our 0p]e and volunteers to the mission. We are imwoving faith and wellbeing among our members and the community through ieaclll.ng and outreach aciii'ities in the flrst half of the year. including wttkly (eachings and eveni% reJching oui to pro%titutes, drug addicis. alcoholics. the homele%% and ihe hurting people a]1 over the city of Salford. Manche%ter and lis envirorLS. KEY ACHIEVEMENTS IN 2021-22 Organid the UK and Gernwiy RegioD, onlire Run4Hope furnlrdiser in Sepmtrer 2021. The amouni raised was £33.292.9n due io the Covid-19 patKlemic. Code Red- Saw many wotnen in tKJsiels suffering from dotnesiic violence and strew workers reiVIng r4onal encouragement and personal gifts. This w&5 all hieVed wÉthin Government restrictions and was a tretnendous succes5 Christtnds NatiTr ity Play for the Kids GANG (G(Ml Anointed Now Generdtionl ministy and Christmag Harnr g1Vea.aYS in the Sallotd area. Our flagship New Y&,$ Eve celebrdtion a1 thanksgiving service and pn)vi&d Christmas Day meal for all those within the church and Iwai communiiy who nix have family or anywhere else io go on Chriqmas Day. VO Glasgow and VO Birniingham ¢onunued io grow and susin lis operional courtesy of our United We Can fund (LTrVCI. Participated in ihe annual SeniiK Pastors Strntegic and vision casting meeting in Mexico. Pdrticipated in the Mdnche5ter City Prayer &thering series dtKI was a vital eIr of the chureh leaders, Con]U1(V witbiD the city. helping shape the future of our comrnunities. Well represented at the World Confe[e and United Women in Ministry Conference. which all happened in America. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI TRUSTELS ANNU,IL REPORTS FOR THF. YFAR F.YDF.D 31s¢ Ilay 2022 Succe%%fully continued io supp)n young lU11 WIN) is a siaff member the Mission Training Centre in America. Continued the Weekly church-wide Onlinin-Ts0n Yer nngS and monthly nn and wofften prayer tneetings as we see growth in fftany of our rnernlErs' prnver and spiriiuai lives. OrganId and hosted a church-wide series of nk1lage 5efftillar5 With s&qsoned couples sharing their wealth of knowledge and expelience in marriage to 1p our membets. Began a search (Ix a Ven f an uan Training Centre io establisd in t1 UKIGerniany region. Continued with the010Cal ieachings through VEII a]Ml e]Kourdged Up-al<0mln8 leaders loc(lIne their growih track iowants 5)raI licensing. Conducted veral in-perq)n rnemr gatherings strenghen community. conlI0n and relaiionshitb within the church aThJ allraci Memly. Baprid several new ¢ongregaiion m¢MrS aryl dedicated many new babies io CML Pasiornl staff conducted severa] weddings over ihe course of the year. Built a new ¢hurch ¢afe. which is wn by Voluner and h&s sthrted to bring in a small weekly profjt UK & Gernjany regional conference. which look ple in Manchesier. We saw many members from the rebiion come together for the r]rst4ime post col'id. which allowed them to build new relationships and receive direction wIe G<x1 is leading regi(Mh. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI TRUSTELS ANNU,IL REPORTS FOR THF. YFAR F.YDF.D 31s¢ Ilay 2022 FINANCIAL REVIEW The trnstees have prepared the accounting policies for the Victory <treaCh Mancheer in ¢onlae with (he requiiemenis of ihe SORP and of $1 accounting pl¢e. Review ofthe period During the year the base11] Lncome decrtised to £41X).26212021.. £414234) The costs weni down 10 £358.773 12021: £394.4091. they were coniained due io styong financial management and g(Kbd cost control. Income and Expenditure Viciory Outreach Manchesier relies on vo1wary income as its rffincipai source of fijnding. T(xal donaiion amounted 10 £288.75112021.. £327.107) Income from Charitable aetivities amounted io £I¢Y)J89 {2(Y21.. £11kn.140}. I)me fn)m activities for generating funds amounied io £1.8?$121P1= £518 InVestent incorne received ID the year £31 {2021= £24) Other Income te1Ved amounted to £266 {2021.. £445) The c&sis of fund generaung acuviue% were £1,9841202 1- £1,802}. Governan£e The £9J? 12021..£3.IXK)I 'governance' Cls iT]clude the costs a$slated with indyndent examination of the accounts and other professional %ervices in the year for financial and legal ad&ice. Surplus Tothl ol the incoming resOLe$ exceeded reree5 exnded in ihe by £41.489 {2021.. £.19.8251. aThJ this is eld a% unre%tri¢ied and reqricted funds. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI TRUSTELS ANNU,IL REPORTS FOR THF. YFAR F.YDF.D 31s¢ Ilay 2022 RESERVLS POLICY The Trustees have constdered the level of reserves they wish to apwopriate to the chartty's needs. This is based on the chariiy'g si£e and the level of financial commiiments held. The Trustees aim to ensure Ihe charity will be able io coniinue io fulfil it_s chariiable objeciives even if ire is a temporary shonfall in income or unexCled expendiiure. The Trusiees will endeai'our n(x io S aside funds unnecessarily. RISK AESSMENr The Trusrees a¢iively review the major risks which ihe charity fxes on a regular basis and believe that mdintainingy the free reserves stated. combined with the ttW of controls over key findncial systems carried out on an annual basis will provide sufficient resources in the event of advetse conditions. T1 Trustees have also examId other operational and business risks which they face and confirni ihai ihey have e%tablished sy%tems io miiigaie ihe significani risks. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI TRUSTELS ANNU,IL REPORTS FOR THF. YFAR F.YDF.D 31s¢ Ilay 2022 PLANS FOR THE YEAR AHEAD 2022-23 Plans for 2022 - 2(r23 are w cominue the core thlivery of services in-hou aTKI online while esthblishing an enhanced leadership qruciure for the church's coniinued gr0h. As we have received a high level of new member%hip. we feel it is essenual io provide a varieiy ol irJining life groups io esiobli%h their Chrisuan journey. We will alsoeontinue toexploTeow(wtunities toexpand theministry acmssthe regi(K), including Iltland, Wales and ]Kitentially Euro. Esseniial ims on ageThJa for next year are as follows- The upgrade of our technological capqcity. with new equipment needing to purchased to facilitate the growing environtnent. Ikveli)p new Strategies to meet the way of doing church as (Khline services saw an ]neage in people accessing our services. To flnd new ways to grow our income. to close any gap in income level (trop we exrie]ed last year due io the posi covid envin)nmeni. To continue suwjort the Victory Outreach Mancheqercommuniiy Grocery and provide pastoral care services io meei ihe of our congreganL% and ihe wider communiiy. Code Red - will strengtlyn our effons w ClIne rehIThg Qui w many women in ho4els wffering from domesti¢ violen¢e. io rettive wnal eUrage¢n[ and gifts. Next year, we (*ganise Run for HO IR4HI in-petson. which will allow u5 to¢(HJneet with the community onee again through this eN'ent and to support pIe willing to take part - as an ongoing fundraising initiative for ministry development which has mobilised hu1{bof pIe toraise money forr&%hing vulnerable people across the UK. We will ¢onunue in-tersi>n and online ieachings as part of our gular a¢iiviiie%. in¢luding'. ma]age teachings Relationship teachings Parenting training Bible teachings Life Gr(wps VETI - Theological iraining Prayer Times {Wednesdayl Fridaytsaiurday) Regional Conferences for men. women and children Continue ro mainiain ¢ontaci with COngreglon rnethrs via inV)n servi¢erJmewings. whaLsApprzn telephonelemail. and visits when necessary. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI To suppon three of our churches courtesy Uni*d We Can fuThJ in Birniingham. LoThJon and Glasgow with sthff deiached from Viciory Outreach Manche%ier. New Trn%tees are iEing recrnited to join the Ix)ard as the tenure of the existing tnistees ends. New %tructures iEing developed in terms of grow¢h planning atKi policies PfDcedures continudlly being updated. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI TRUSTELS ANNU,IL REPORTS FOR THF. YFAR F.YDF.D 31s¢ Ilay 2022 TRUSTF.F.S' RFSPONISIBII.ITtES The Charities Aci 2011 require ihe iTusiees (o prepare fInala] stsiemenis for each financial year which give a Irue and fair view of the siaie of affairs of the CIO and of the surplus of the CIO forihai ttriod. In preparing those financial statements the tw4teffi are required to: Select suitable accouniing policies and apply them c¢)nsisiendy. Make judgements and eiMateS that reasonable and prudeni. Prep ficlaI siatemenis on the going coern basis unless it Is inapwopriate topresume that the trust will continue in existence. The trustees are SponsIble for keeping tff(yer accwniing records. which disclose with reasonable uraCY ai any iinr the financial posiiion of the CIO. They are also rewsible for safeguarding asseLS of ihe CIO and hence for iaking reasi>nable Sle for ity preveniion and deal of fraud and (tYr Irregulariiies. RELA TED PARTIES A summary of irnnsa¢iion% wilh rejaied tfjnies is Sei oui in n(Me 16 of fLnwia] SmenL. The trustees declare that they hqve apprDved the trustees. ert alxTrve. The Trnstees declare that they have approved the trustees. JYp)rt above Signed on kn2[f of the chatity's Trttt5 Signed by Name . Mandla Moyo Date . 01/1012022 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Rew)rt to Ihe Trustees of VÉciory Outreach Manchester on tly ac¢ounis for the wiod en(kd 31" May 2022 s out on pages 13 to 24. Responsibilities and basis of report As ihe Chariiy TnLsiees of the CIO you are restK)nsible for wepardiion of the accoun1% in accordance with the requirements of the Charities Act 2011 ('the Aci'l. I report in ie5pect of tDy exalninatioll ofthe CIO'S aecouDts eatried outuDders.145 of tbe ?01 l Act and in CaLryi]]g out my examination I have followed all applicable Directi(M)s by the Ctmrity Commission under s.145 15llbl of the Act Independenl examlner's statement L have completed tny examination. confirtn that no material tnaiiers have Con to tny attention in connection with the exdn]ination giving cause to believe thdt in terIal respect: accouniing records were noi in resptyi (rf the CIO as required by seciion 130 of the Act: or the accounts do not acc(Kd with those recid5. or the accounts do not cotnply with the applicable requiretnents coeming the forni and conteni of ccounts set out in the chtte5 (Accounts dnd Report51 Regulations ?IX)8 otr thdn any quIrement that the accounts give a'tNe and fair view. which is TK>t a atter COldered as part of an indendent examination. I hdve no concerns and have come xross her matters in connection with the eLn]nation to which attention should be drawn in this rewrt to enable a pr(yrr un(taling of the accounts to be rehed. Signed.. Name . Daniel McGuren ACMA CGMA FNIAAT AddtE&s'. 3 Chancel Wo(Nl Rise, Sheffield S8 7 Dated.. 3 October 2022 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI CONSOLIDATED STATEMENf OF FINANCIAL ACTIVITIES OR THE YEAR EIYDLD 31st May 2022 Noi¢% Unrcstrried Fund5 RestrC Fund5 Toial 2022 COMLYG R0[Rc Inconmng re%ourc¢% fTrimgeneMing funds: and Jcgacies (IhciTrcollr fmttJa]aTitabk activitr5 (Xhcr Tradng Dicon Inv¢%tllrnt lljcottr (XhciIncottllng Rc%ouTces 12226 288,751 1119J89 1*25 31 266 62 327.107 1(kn140 518 2b 31 43 445 434.2M IUTAL MYC0]Lr. Rt50LRCF5 41M) R&SOLIiLTrS kXPLND 2P_581 357848 925 358.773 Covcrnancc cnqi TOTAL RLSOlR -Tr735( 394.4( NEf(olwyGYl¥CoNG B TrFUREIIIANSFTrXS 15J 20.163 41A89 39.¥15 TRANSFls Tran%lcr beiwLrn Funds 17201 I I.5 43J04 41A89 39.815 RECONCtiL41K)N OF FiD4t Toial FundN P}uh1 Fnn4'ard 67.7f() 209.999 251.488 170.174 185.tA)3 The chariry has no recognised gains or losses other than the resulis for the year as sei oui aEM)ve. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI STATENIEYT OF FINANCIAL POSITION FOR THE YEAR ENDED 31st May 2022 2022 Noi¢ Ss5 Tangribk. fiKd dSSCts 126,725 126.725 IW371 CLRRfrNTLSSEts Ikbiot sh aftd Cahh lvantS 12974 169995 J8?.969 3551 151.393 io CREDrroRS.. AllMxts falli <1* 1th1n0 yegr 23ffj27 31&58 NEfcuRRTrNfASSF15 J59J42 286J167 2Xif67 CRFDrrO.. Amints falling < after 1C )e#r 12 (345791 NEfA$s5 2>lA88 FUNDS OFIHF.CIIARtTY Rc%tticted Inconr Funds UntEstsiclcd Incottr Futd 13a 13 185thO3 65J85 141239 67.7fA) 251A88 These financial $1 enrnis were approved by the twsiees on 1(kwE¢r 2022 and signed OD their Eehalf by.. Print Name.. Mandla Moyo Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI CONSOLIDATED STA TEIEr OF CASHFLOWS FOR THE YEAR EINDLD 31st May 2022 2022 J)21 Ch IloRs frn0raIn8 %tiiities Net eash rtceivtd Ispettii 41.458 39.{1 Affjustnnts tor4sb Iltn IkptLLs11iu 14._¥ 47,1114 54.167 Wking w•tal •tments tkcr¢&s¢JlincTe&8¢1 li dcbioTr InctEasc1ldecasel ctcdtto 19.423 1&115 119.6561 Nct eash lTr)ws fn)mopcrtiJg aeiivitts 29566 Ch IloKs fr InEsti tiiities Ini¢r¢st trc¢i¥cd ftDmgavu]gs Dbposajs of tangible F]Tcd Assets Prehse of iangbit Fiytd Asseis Net eash tl)ws fJY)minvesiing ii¥itrS 31 24 18.4fl) 14.9461 L45h flou5 fr(wflwKi xtiiities IP£paynrntyAdditionof tDan duting the Kl eash fkjws from[maffig xiThii li) I1) IIW.51 Net Idec]r&styMJcJu5c in cash and Cash tquivakE)ts Cas"h and cash equis'aknts at l Ja]]uary Cash drtd cash c4ui%'akrt15 ai 31 Ikccnknr i&(a 151.393 10? 115 IfA).(W5 151.193 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER {CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINANCIAL STATEMEN]S FOR THE YEAR ENDED 31ST MAY 2022 I. ACCOUNfiNG POLICIES Bgsls of Preparation & Aement of Gll8 Cern Basis of PparatIon The financial sthmenLS have been prepared un(kr the hisioricaj cosi ¢Vention with iiems recognised ai cosi or trdn%dCtion Vdiue unless otherwise staled in relei'ant n(rtes. The financial StateentS hdve been prepd]rd in aeLorddnce with the Statement uf RecOrnrnekd Practice." Accounting RertIng by Chdrities prepdting their aecounts in accordance wTrth the FinaLa1 Rep)rting StaTMlard applicable in the UK and Republic of Ireland IFRS1021 {effeaive l January 20151- Ichariiies SORP- FRS102) and the Charities Aci 2011. The Charity meeL% the deflniuon of a public benefii entity under FRS102. Assets and liabiliues are initially reeognised at historical cost unle&s otherwise stated in relevant counting po]i¢y notes. A&sessment of Going coern Preparation of the accounL% is on a going concern basis. The tr$[e¢s ¢onsi(kr th* there ore no Mari01 Uncertne about the Charity's ability io continue as a going cOern. Incoming Resources Re('cp%iiilicJFI (Jf IFlC'I)Ining Re50Mrces These are included in ¢he Siaiemeni of Financial Aciiviiie% ISOFAI when- Ihe charity becomes eniiiled io ihe reUrCe5- Ihe tru%iees are virtually cenain they will receive ihe resources; and the moneiary value can be measu1 with sufficient teliability liic(Iniiiig Resozirces '¥Ih Relaled ErpeRditiire Where incoming resource% have relaied expenditure (as wilh fundraising or comrdffl income} Ihe incoming re%ource and related expenditure are reported gross in ihe SOFA. Grant5 and DonatlOn5 Grants and Donations are fflly included in the SOFA when the charity has unconditiona] eniitlement to the resources. Reclaims on Donthions Gifts Incoming resources from lax reclaims are included in the SOFA the same time as the gift to which they relate. Coniraciiial Income L7nd Performance Relaied This is only included in the SOFA once the reled gix)ds or services has Iren delivered. Gift.f in Kind Gifts in kind are accounied for ai a reawnable eslima of their value io ihe chariiy or ihe amount aaually rcdiiscd. Gifts in kind for Sdle or distribution are included in the dccounts ds gifts only when sold or distributed by the chdrity. Gifts in kind for use by the charity included in the SOFA ds incorningT resources when receivable. Dfjnaied Sen'ic-es and Foc'iliiies The%e are only included in incoming resource8 Iwiih an equivaleni amouni in resources expended} where the benefit to the charity is re&gonably qUantifb1t. measurable and te[la1. The value placed on these resources is the estlmated value to the chatiiy of the service or f&ility received. Vi)lunieer Help The value of any voluntary help received is not included in the accounts. Investment Incon This is included in ihe accounts when ttceivable. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued) FOR THE YEAR ENDED 31ST MAY 2022 I. ACCOUNTING POLICIES (continued) liii'v.flinent Gain.5 L055es This included any gain or loss on ihe sale of invesinnis and any gain or loss sU]i1ng from revaiuing investments to ket value at the end of the year. Expenditure and Liabilities Liahilili. R¥i-(Igiiilicp Liabiliiie% are recognised as soon as ihere is a legal or conslrulve obligwion commitiing the Chartiy io pay out rewurces. Governancv Cost5 Include cosis of the preparation and examinaiion of stsiuiory cOun1 the cosis of the trustees, meetings and ¢ost of any legal advice to trSe5 on governance or ¢onsiiiutional matters. Grants iviih Perforniance Conknrions Where the charity gives a grant with condittons for lis paymeni being a specific level of service or ouiput to be provided. such grants are only recognised in ihe SOFA once recipieni of the grani has provid1 Ihe swxified. Grant5 PaJL7ble iviihoui Perforniance Condiiions These are only recognised in ihe accounis when a commiimeni has been made and there are no conditions io be met relaiing to a grani which remain in conirol of the chariiy. Siippon Cost Support cosis include centrnl functions and have been allocated to activity cost categories on a basis con%istent with the use of the resources. for example allocating property costs by flr areas. or rer capiti siaff cosis by the spent and oiher costs by their u.sage. Inve.Iimenis Investments quot&l on a recognised stock exchange are valued at market value at the year end. Other investment assds are included ai trustees, besi esiimaie of markei value. Pensions Pension contiibutions charged to the Statement of Financial Activities as they beco payable. Unreslricledfund5 These funds can be used for ihe gera1 objeciive% of ihe chariiy as sei out in ihe trustees, report. The movcments of the unrcstricted funds are given in the Statcment of Financidl Activitics. RestrECtedfiind5 These funds are where the donor has Specifi a purpose for ihe donlOn made. These r(nlOn5 often arise &$ a result of the regular apteals for 8tecial offerings and specific donions. Designatedfund5 These tunds are funds set &side by the irustees out of unrestricted general funds rind fenced for a particular purEM)ses or projects. Fi.¥*dA.¥sets Fixed Assets eapitalised if they can be used for rnre thaD one year and cost at kast £5(X>. They are valued at cost or. if gifted. ai the va]ue io ihe charity on receipt. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued} FOR THE YEAR ENDED 31ST MAY 2022 ApncpTfi.falit7n Id & Biiildiiig.s No Jmorti%aiion i% Charged io freehold propeny as ihe propeny is mainth1n to such a standard thai the e%timated re%idual value is noi less than cost. Depreriation E¥pen5e Depreciation is calculed ai a rate io write off the cosi of iangible fjxed as%eis on a reducing balance basis over their e%iimaied useful lives. The rates applied per annum are as follows.. Generd] EquÉpment 25% Fixtures & Fittings io% Motor Vehicles 5% Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued} FOR THE YEAR ENDED 31ST MAY 2022 2. INCOMING R&SOURCES islEted Funds Total P£5trfted Funds Toia] TOTAL 21122 TOT AL 2aIknatis andlegxles (Sfts ]ndivKlu3L% T&x Refund anis tEceived 244.395 244.475 39.026 5250 288.751 263,763 4&217 17.121 3?7.107 &8 Resojrtts from aMritaNt Aeti%itie5 Rent Received Events- Run4Hot United We 11399 24,3 73.437 109J89 17,9)3 13.367 74.Th) l(b.14) 24.6)3 73.4.17 98.(A) 2c fromtillbe$ for er&In Fundrai%ing FNenis Cafe Inco Event kncott 4)8 102 .623 1.825 763 8(1) 861) 518 2dImtstn*nt k InieTe5t Receiyed 31 31 31 2e Other Resree5 Sundry ]ncon 43 43 206 266 445 445 IK)TAL INLI)MIN(: R•()llE 41MI262 Many volunteers give freely of iheir in the service of our LAd for ihe charity. the value of which is unquantitiable. Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued} FOR THE YEAR ENDED 31ST MAY 2022 3.COSTS OF CHAIUTABLE ACTIVITIES BY FUND TYPE Resiweo Funds Total Fund5 Tota] TOTAL 21122 TOT AL 2021 Costs of Drect a]aIithbJE Activitie5 Supp)rt Costs 2725&) 85267 357J47 925 358.772 2735(5 391.4(K) 4.COSTS OF CHAIUTABLE ACTIVITIES BY AcfivITY TYPE Aciivitts nden*n Total Support cosis Toial TOTAL 21122 TOT AL 2tnl Costs of &ncrniitig Voluniary lrtcort Cos15 of Fund Cencrair¢g Aaivirs Costs of 0]Jitab ActiVitS vernancc costs 181>12 2.147 328A 18.OA2 2.147 328th88 925 .382 i.t4)? 359.398 925 Tithe io P£k)Icd (hariiy 925 358.773 391.409 5. GOVERNANCE COSTS unSts-ted Funds TOTAL TOT AL Toiai 21122 2(F21 Indtpendtnt fee hcT G)vL'manLc Lob15 925 6. NET INcOlING RESOURCES This IS stated al.tei ehdt¥ing'. TOTAL TOT AL 21122 2021 Independente[tHels fee IkptcciatK)n of owncd asscts 20 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued} FOR THE YEAR ENDED 31ST MAY 2022 7. INFORMA TION REGARDING TRUSTEES AND EMPLOYELS TOT AL 21122 TOT AL 2U21 Trlryloyee casts the Wage5 ttnd s[1¢5 Social %e£uriy c0%15 Pcn4ion cosis 118J46 1?8.0 6.148 2.739 124.444 ATage rfstsff enTI( Rai%ing fund% and Charyabk AaiviiKs OtheTS- Support li Payments were made to the Senior Minisier of Relioion towards lii.ing and vehicle cosis a1 treated as a Beneflt In Kind and all relevani iaxes ld- Ihe iotal ol£Nil (N121= £17.3881. No cmployee received remuneration including IKncfits of morc than £60,IKK) during the year (2021: Nil). Amount paid or reimbursed io Trusiees. in capaciiy as Tmsiees £Nil (?0? I: £Nil). 8. FIXED ASSETS tand & BuMu]g l(XkUJ) C¢neral Fquipnrnt 55XII i(L(tKI FDJur¢% & FiltitigS Cost at l June J)21 AddiiK)ns I5J) 170360 lo00 at 31 May 2022 i(XklKX) 15359 180360 tkpteciation at l June J)•1 lae foTyeat tAsposab. ai31 May20 44.070 4.110 4.419 15 48A89 5ffj46 4&1XO 54.135 Net Value at31 W 2022 iooJ J7J2 J 126.725 l JUD¢ 21 i(llim lQ.Y4(1 121371 21 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued} FOR THE YEAR ENDED 31ST MAY 2022 9. DEBTORS AND PREPAYhlENrs U]xte&titted Funds Res"iitted Funds 2022 J21 Trade debtors PpaTrn(S and xcNed ineonr OthcT tkbto 337 1,1122 &919 3.1133 12974 5.374 3.033 &915 3.551 10. CASHAT BANK AND IN HAND UnresrTrieil Funds Resirici Fund 2022 )21 cUenT Accounis 167) 169,920 75 169995 151.393 75 167.110 151.393 11. CREDrroiLS . AMOLTrITS FALLING DUE WITHIN ONE YEAR Unrestitttd Funds Rcsiitied Funds 21122 J)21 k & othet ]oans, CJEdit catds & erdft5 mortgiL, Tradc crediors OthCTcd1t0r Accn]d& and defeed incont 1.021 J)1 7.3 1,021 5201 11259 691 5,455 2J)16 5202 503 7.056 i.(p)? 4.9(Jl I&(LM) 12. CREDrroiLS . AMOLTrITS FALLING DUE AFTER ONE YEAR Unre%[ted Funds RC5tted Funds 2022 21 Murtgage 34579 34579 40.658 40.658 34.5?) The mortgage with Kingdom Bank was used to purcha* 8.1 LA)wer Seedley Road. Salfthl. M6.SWPon 9th August 2(K)7, a% a home for men %uffering from suhtance miwse aThJ prillUtIOn. Tr original amount of the loan was £IIK>.O(M), io be paid back overa 20-yearperitKI wilh mawrity on the 9th Augusi 2027. The interest rate applicable 7.50%12021.. 7.5(th). 22 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued} FOR THE YEAR ENDED 31ST MAY 2022 13. RECONCILIATION OF MOVEMENfs IN FUNDS (knt8OitLg Futhds 31-W.22 13& RtstrlcttdFw 142239 111.4J) 111.4J) 185.267 l&f.267 17.J)I 17.311 185th03 185ffj03 iknre5tricted FUTr nerdl Pund 67.7fl) ll1332 1273.kn 1172011 65885 251 J3& Restricted Fun Covid1g- Hardshq) Fund ilding Fund UnitLd WL cOnni1V Wraparound Scrvres 14D49 I&1.8> 45973 139ffj30 971 Ilb_V8 17.J)I 14? ?J9 111.4J) IXS.?671 17.J)I 18S*03 14. ANALYSIS> OF NET SET5 BY FUND T•yiNe et (knrrent Creolors sstts 01lIdeS One Ytgr IDTAL RestricledFknn 185 185ffj03 185.(Q threstrltltdFun I6]} 34.579 251 15. OPERA TING LEASE COMMITMENrs Buil(IDB5 Lea5c whrh cwttC5 Within (kne yeat After(A)e Year 9252 3.168 23 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest
VICTORY OUTREACH MANCHESTER (CHARITABLE tNCORI4)iL4TED ORGANISATIONI NOTES TO THE FINAN'CIAL STATENIENTS (continued} FOR THE YEAR ENDED 31ST MAY 2022 16. PAYMEKfs TO TRUSTEES AND RELATED PARTY TRANsAKONs During the period the related party transactions were as stated below: No payments were tnade to trusiees. or any persons connecied wilh ihem during this financial period. No other material transaction took place between the organisation and a trnstee. or any person connected with them Toial donations made by the irusiees io ihe chariiy during ihe period were £4.021 (20?].. £2.940} Victory Outreach Mdnchester gave a donation of £9.IKX> I?021: £5.9?7) to related charity Project67. Viciw Outreach MancheAer gave £27.9)512(Y21: £32.1681 io churckn plaffled by the Church 24 Imported. Siyned and Shared by OP.Si Last update.. 03 Ort 2022, by Guest