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 Inde￿nden1 Examinerfs Report on the Accounts Page 13 Siaien*nt of Fina￿1#1 Activities Page 14 Balance S] Pages 15 to 24 Notes to the Fina￿la1 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 manc￿￿1er 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 Tr￿Stee8 pre%eni their report together with the financial s￿¢￿e￿iS 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 A*S￿latIOn. and Accouniing and Rew)ning by Charities.. Siaiemeni of Recommended Praciice applicable io Chari¢ie% preparing their accoun¢$ in dccorddnce with the FIn￿la[ RetK)rting Std￿d￿dy iwplicable in the UK and Republic of Ireland (FRS1021 (Charities SORP {FRS102) aThl the Charities Act 2011). OBJECTIVES AND ACTIVITIES l. The advanCen￿nt of the Chrisiian Faith in accordance wilh the S￿￿Men1S of ￿lief set out in the ￿hedUle ap￿￿ng dt the end of the Constitution and the worshipof God in the county dnd el&ewhe]f dnd by means whats(*ver including I￿1 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 dist￿SS or who sick. 3. The advancement of educaiion on basis of the a￿ve Chrisiian pri￿lpleS 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 ChrIst￿n principles. 4. Meetings and events for eWul￿[S into the Chtistian faith. Viciory Out￿a¢h is an In*rnaiional 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 cent￿5 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 str*gic decisiotLS &$ well &$ a Busiress Execuuve Mdndgetnent Te￿, tndde up of Senior P￿toral Teatn key Senior Staff of the chll￿h charity which holds regsular weekly busine55 meetings for the day-t041ay 0￿￿110￿5 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 utKier￿ke. 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 ManCheS￿r church charity. like many (Mher similar organisaiioTrs, has conunued io re- establish its in-F¢f50n mem￿1 base after a unique after the unlocking of Co￿]d restrictions. The church's demo&Tdphic hd5 expanikd. allo￿ng to re￿h of the Iocdl coffttnunity through the work done online during the P￿t￿e￿)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 i*en able to adopt a hybrid llKthI. which gives us the Sto￿ to attr&t and retain (K]r online and ift-pe￿0n 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 inte￿1 in family life atMI parenting. saw young people enC￿raged 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 continL*dexisiewe througl¥)ut theyeariothe untlirKhing (kdic*ion ￿ 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 Organi*d the UK and Gernwiy RegioD, onlire Run4Hope furnlrdiser in Sep*mtrer 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 re￿iVIng 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 Harn￿r g1Vea￿.aYS in the Sallotd area. Our flagship New Y&￿,$ Eve celebrdtion a￿1 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 sus￿in lis oper*ional 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 ￿e￿I￿r of the chureh leaders, Con]￿U￿1(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 Onlin￿in-￿Ts0n ￿￿Yer n￿￿ngS and monthly n￿n and wofften prayer tneetings as we see growth in fftany of our rnernlErs' prnver and spiriiuai lives. OrganI￿d and hosted a church-wide series of nk1￿lage 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 u￿an Training Centre io ￿ establis￿d in t1￿ UKIGerniany region. Continued with the010￿Cal ieachings through VEII a]Ml e]Kourdged Up-a￿l<0mln8 leaders loc(￿lIn￿e their growih track iowants ￿5￿)raI licensing. Conducted *veral in-perq)n rnem￿r gatherings ￿ strenghen community. con￿lI0n and relaiionshitb within the church aThJ allraci Memly￿. Bapri*d several new ¢ongregaiion m¢M￿rS aryl dedicated many new babies io C*ML Pasiornl staff conducted severa] weddings over ihe course of the year. Built a new ¢hurch ¢afe. which is wn by Volun￿er￿ and h&s sthrted to bring in a small weekly profjt UK & Gernjany regional conference. which look pl￿e 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 wI￿e Gn 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 COngreg￿lon rnethrs via inV￿)n servi¢erJmewings. whaLsApprz￿n 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 fIna￿la] 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 e￿iMateS that reasonable and prudeni. Prep￿ fi￿claI siatemenis on the going co￿ern 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 de*al￿ 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] S￿￿menL￿. The trustees declare that they hqve apprDved the trustees. ￿e￿rt alxTrve. The Trnstees declare that they have approved the trustees. JYp)rt above Signed on ￿kn2[f of the chatity's Tr￿ttt5 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 reci￿d5. or the accounts do not cotnply with the applicable requiretnents co￿eming the forni and conteni of ccounts set out in the ch￿tte5 (Accounts dnd Report51 Regulations ?IX)8 ot￿r thdn any ￿quIrement that the accounts give a'tNe and fair view. which is TK>t a ￿atter CO￿ldered as part of an inde￿ndent examination. I hdve no concerns and have come xross ￿ ￿her matters in connection with the eL￿n]nation to which attention should be drawn in this rewrt to enable a pr(yrr un(￿￿ta￿ling of the accounts to be re￿hed. 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 Restr￿C￿ Fund5 Toial 2022 COMLYG R￿0[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￿]L￿r. Rt50LRCF5 41M) R&SOLIiLTrS kXPLND 2P_581 357848 925 358.773 Covcrnancc cnqi TOTAL RLSOlR￿ -Tr735( 394.4( NEf(ol￿w￿yGYl¥Co￿￿NG B TrFUREIIIANSFTrXS 15J 20.163 41A89 39.¥15 TRANSF￿ls Tran%lcr beiwLrn Funds 17201 I I.￿5 43J04 41A89 39.815 RECONCtiL41K)N OF FiD4t Toial FundN P￿}u￿h1 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¢ Ss￿5 Tangribk. fiKd dSSCts 126,725 126.725 IW371 CLRRfrNTLSSEts Ikbiot sh aftd Cahh ￿￿lva￿ntS 12974 169995 J8?.969 3551 151.393 io CREDrroRS.. AllMx￿ts falli￿ <1* 1th1n0￿ yegr 23ffj27 31&58 NEfcuRRTrNfASSF15 J59J42 286J167 2Xif67 CRFDrrO￿.. Amints falling < after 1￿C )e#r 12 (345791 NEfA$s￿5 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 TE￿IE￿r OF CASHFLOWS FOR THE YEAR EINDLD 31st May 2022 2022 J)21 C*h IloRs fr￿n0￿raIn8 %tiiities Net eash rtceivtd Ispettii 41.458 39.{￿1 Affjustn*nts tor4sb Iltn IkptLLs11iu 14._¥ 47,1114 54.167 W￿king w•tal •￿￿tments tkcr¢&s¢JlincTe&8¢1 li dcbioTr InctEasc1ldec￿asel ctcdtto 19.423 1&115 119.6561 Nct eash lTr)ws fn)mopcr*tiJg aeiivitts 29566 C*h IloKs fr￿￿ InEsti￿ *tiiities Ini¢r¢st trc¢i¥cd ftDmgavu]gs Dbposajs of tangible F]Tcd Assets P￿reh￿se 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 ￿K￿l eash fkjws from[ma￿ffig 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 & A￿e￿ment of G￿ll8 C￿￿ern Basis of P￿paratIon The financial sth*menLS 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 State￿entS hdve been prepd]rd in aeLorddnce with the Statement uf RecOrnrne￿kd Practice." Accounting Re￿rtIng by Chdrities prepdting their aecounts in accordance wTrth the Fina￿La1 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 co￿ern Preparation of the accounL% is on a going concern basis. The tr￿$[e¢s ¢onsi(kr th* there ore no Ma￿ri01 Uncert￿n￿e￿ about the Charity's ability io continue as a going cO￿ern. 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 re￿UrCe5- Ihe tru%iees are virtually cenain they will receive ihe resources; and the moneiary value can be measu￿1 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 rel￿ed 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 qUantif￿b1t. 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 invesin*nis 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 conslru￿lve 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 tr￿S￿e5 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 provid￿1 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 fl￿r 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 ge￿ra1 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 don￿lOn made. These r￿(n￿lOn5 often arise &$ a result of the regular apteals for 8tecial offerings and specific don*ions. 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 I￿￿d & 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 calcul￿ed 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 i￿￿s￿lEted Funds Total P£5trfted Funds Toia] TOTAL 21122 TOT AL 2aIknati￿s 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 from￿tillbe$ for ￿e￿r&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 Res￿ree5 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 LA￿d 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￿ ActiVit￿S 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 un￿Sts￿-ted Funds TOTAL TOT AL Toiai 21122 2(F21 Indtpendtnt fee hcT G)vL'manLc Lob15 925 6. NET INcO￿lING RESOURCES This IS stated al.tei ehdt¥ing'. TOTAL TOT AL 21122 2021 Independente￿[tH￿els 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 A￿Tage 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 a￿1 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 lo￿00 at 31 May 2022 i(XklKX) 15359 180360 tkpteciation at l June J)•1 ￿la￿e 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 P￿pa￿Tr￿n(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 cU￿enT 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 & ￿erd￿ft5 mortgi￿L, Tradc crediors OthCTc￿d1t0r Accn]d& and defe￿ed 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 RC5t￿ted 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 pr￿illUtIOn. 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 cOn￿￿ni1V 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 01￿lIdeS One Ytgr IDTAL RestricledFknn 185 185ffj03 185.(Q threstrltltdFun I￿￿6]} 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 TRANsA￿KONs 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