Charity Tegistration number: 1167670 Victory Outreach Manchester (clrible Incorporated OrglISatiOn) Anniial Repoi'l and Financial Stat¢m¢nts for the Year Bnd¢d 31 May 2024 McI<ellens Limited I l Riverview The Emballkmait Busilless Park Vale Road Heatoii Mersey Sto¢kporl SK4 3GN
Victory Outreach Manchester Contents Referen¢e &id AdAlStrat1v¢ Details Tru5tees' Report 2to8 Ind¢p¢ndent Exj1n¢r'S Keport Statement of Financial Activities Iotoll Balance Sheet 12 Notes to the Fill101I Statemeiits 13to27
Victory Outreach Manchester Reference and Administrative Details Trustees Mwmoyo N Tett¢ ChAi4ty Reglstration Number 1167670 Principfvl Office 19 Liverpool Street Salford M5 4LY Ind¢p¢ndent Examlner Mcl£ellens Limited I l Riverview The EmbankmerLt Business Park Vale Road Heaton Mersey Stockport SK4 3GN BAnkers Natwest Bank Pl¢ 182 Deansgate Matt¢h¢st¢r M3 3LY Page I
Victory Outreach Ilqanchester Trustees, Report The trustees, who are directors for the pu0$eS of company law, pirgent tbe annual report together with the fitwi¢ial statsments of the Chitable company for the Ye ¢nded 31 May 2024. Objectlves and oCtlYfitfi&q Objects and alhLS l. The advanceinent 0£ the Christiall f4aitli An aGGoi'danGe with the statements of belief set OLIt in the s¢hediile appearing at the end of tlie Constitution alld the worship of God in the said county and els¢wh¢r¢ and by any means whatsoever inclLiding {but not by way of limitation) the preaching and proclatnation of the Chi'istiwj Gospel and tkn¢ t¢aGliing of Christian doctrine ]d principles and the pastoral care of Christian peDple and the printing and disLribiTrtion of the Biblo and Christian literatLire including video and audio r¢cording8 or CDS and by tlliy other media which is or may beeoine available. 2. The relief of persons wbo are in conditions of lle¢d or hardthip alld ¢onsequently &re ill distress or who are sick. 3. T&e advancement of ¢duration on the basis of the above Christian priiiciples arLd without prejudice to th¢ gellerality of the thregoiiig provisions of such education in any educational establithm¢nÉand if th¢ ttustees so decide thg provi5i0n of one or more chai'itable educatioii establishtnents for the general education of ¢hildrtn or adiilts oil th¢ basis of such Christiall prtticiples. 4, Meetings and evlt8 for eiiouirers into the Christian faith. Victory Oiitreach is an International Clll'istiall Ministsy ori¢ntated chiirch called to the task of ev)g<ll$lllg aud discipling the hurting people of the world with the message of hope and the plan of Jesiis Christ. Thi8 call involves a Lornmitm¢nt to plant and dClOP churGhes, rehabilitalion homes aiid trainiiig centres in strategic cities of the world, Victory Oiitrea¢h iJspir¢s and iiistils within people the desire to fulfil tlieir potentials u) life with a sense of dignity, belongiiig aiid destiny. Pag¢ 2
Victory Outreach Manchester Trustees, Report Objectlves, strategles and actrivities Victory Outreach Mallch¢ster exp¢rienced a tr$forni&tiVC year for the period ending 31 May 2024. The charity prioi'itised restrLl¢tLwing its administrative structures ld staffing to better reflect the evolviiig needs of the organisation. Several staff m¢mb¢rs tr&nsitioned to roles outside the or£anisation, creating an opportunity to eiigage an experienced bool<l<eeping finn. Tliis partnership streamlilled our fll)an¢ial pro¢¢ss¢s, ellabling tnore efficient operatioi)s aiid improved a¢counÉability. In addition to these structural clianges, we ¢ontinued our outreach progratnme5 and cornmiinity engagejnents. Weekly teachings, pYer meetings, and oiitreach events r¢maiiied central to our activities, providing vital suppoit to those ill need across Manchester ai)d Salford. Our dedicatioii to iiplifting individuals facing hardship 11]rough.faitb-based initiative8 has been Lmwav¢ring. This year al80 saw the ellhancemeiit of leadeIlIp sknictures within the church. We fociised on buildii)g capacity by integrating experts in finance and admiiiistration and nurturing yovug talent to secure the organisatioii, ture. Tliese efforts imderscoit our conUnitot to ellsurillg that Victory OLitreacb Manchest. reniains a beacon of hope and spiritual guidance in the cotnmunity. The charity continues doittg fLUitful work in as8iSting men and womeii whose lives have be¢rt )dangered by substance alld alcohol misuse to become sober and cleaii with the added benefit ot rediioing re-offending. Fiirther, oui conynunity's growing intercst in family life and pareTrting saw young people encouraged to engage with positive role models, including Bible study groups, prayer rrLeetings, music and drama. Th¢ ¢harity renillS the beacon of hope witbin the coinmunity it serves due to the uniqueness of what. we do. This year, the charity owed its ¢ontinu¢d existenr¢ throughout th¢ yeew to the unflillching dedication and support of our people and volullteers to the tnission. W¢ are improving faith and w¢llb¢ing among QLW m¢mb¢r3 and the ComllnIty through teaching and outs'each activities in the first half of the year, including weekLy tbIngS and events reaching oiit to PTOStitutes, drug addicts, &lcoknolics, the homeless aiid the hiirtiiig people all over the city of S&lford, Manchester Ind its environs. Page 3
Victory Outreach Manchester Trustees, Report Key achievementy in 2023-34 Organised the UK and GerrntY Region oiiline Ruii4Hope fundraiser in September 2023. The amount rais¢d was £45,853.81. Code Red - Saw many womeii in hostels suffering frorn domestic violeiice and str¢et workers receiving personal eiicouragement ]d personal gifts. TIiis was all achieved within Government restrictions &iid Wds a tr¢mendous siiccess. . Christmas Nativity Play foi the Kids GANG (God Anointed Now Generation) ministy. Our flagship New Year's Eve ¢¢l¢bratioii and Ilwiksgiiing service provided Christinas Day meals for all those withiii the Ghurch and local coinmiinity who did iiot have family or anywbere else tr) go on Christsa$ Day. • VO Glasgow, VO Frankfurt & VO Birmingham continued to grow alld sustaiii it3 operational model courtesy of our United We Can tuiid (UWC). . Participated in the annual Senior Pastors Stratsgic and visiou Gasting meeting in Mexico. Well repre5¢nted at the Mighty Men of Valor and the United Women in MillLStry Conference, wliieh all happened in America. Su¢¢e5sfully supported two young adults to attend tlie Urban Ti'aiiiing Ceiitt'e in Atnerica. Continued the weel<ly church-wide onlinelin-person prayer rne&ings and montlily men I{1 women prayer meetings as we see growth IJ many of our rnembers, prayer spiritual lives. Organised and hosted a churcli-wide series of nlage semioars with season¢d Gouples sl)Ewing tbeir wealtb of l(nowledge and expeiience in marriage to help oiir members. Continuing with the legal establishnlent of gtarting a new tharkty in DLiblin, Ireland with a lollg-t¢rm view to open a new cliurLh. Continued with theoLogi¢al te&chings throiigh VETI and encoiiraged llp-alld-comillg leadoL% to Gontinue tligir growth track towards pastoral licensillg. Conducted several iii-persoll member gatheritw to strengtlien the conimunty, connection, and rclationships within t'he church and attract new members. . Baptised several new ¢ot)greg&tioii members wid dedicated m&ny iiew babies to God. Pastoral staff oondiicted several weddings over the coiirse of the year. . UK & Germany regional conference, which took pla¢e in Manchester, We saw many members froin the region come together. which allowed them to build new relatiorjships and r¢¢¢ive direction on where God 18 leading the region. Public benefit The Charity ackiiowledges its requirenient to denioll5trate clearly that it iniist have charitable purpoges or 'aims' that we for the public benefit. Det&ils of how the cliarity lias acheived this are provided ill the Trustees, Teport, Tlie Trust¢¢s Gonftrm that they have paid due regard to the Charity Commissioti's guid&)¢¢ on public b¢ii¢fLt before deciding what activities the cliarity should undertake. Page 4
Victory Outreach Manchester Trusteesl Report Tli¢ trustees confirm that they have complied with tlie requirements of section 17 of the Charili¢s Act 2011 to lJav¢ due r¢gai'd to the public benofit guidance published by tbe Charity Cotnmission foi England and Wales. Flnancial revlew Total incoine in th¢ y¢& was £428,468 {2023: £424,140) and total ¢xpendittire £415,942 (2023.. £391,361). This t1 genernted a surplus of £l2,526 (2023.. £2,975). Principolfmnding sources The charity relies oli voluntary income as its principa] source of funding. Total donations amounted to £318,869 (2023,. £310,076). Incorne from charitable acttvities amounted to £102,236 (2023.. £108.843). Income f1M activities for g¢n¢rating fluids amolinted to £4,606 (2023.. £3,317), Pollcy on raserves Th¢ Truste¢s have Gonsidered the level of serveS they wish to retain appropriate to the charity's needs. This is based on th¢ ¢harity's siz¢ and the level of financial comrnitmeftts held. The Trustees aim to ensure the ch'Ity can to continue to fulfil its charitable objeKtiv¢s even if there ig a temporary shortfatl ii) income or unexpected exp¢nditure. The TTUStees will endeavour not to set aside fiinds unnecessarily. Page 5
Victory Outreach Manchester Trustees, Report PIAns for the yeAr ahelld lo225 Plans for 2024-25 are to Colltinue the ¢or¢ delivery of s¢rvir¢5 in-house and online while establishing an enhanced leadership structure for the chiirch's continiied growth. As we have i'eceived a higli level of new In¢mberst]AP, we feel it is esseiitial to provide a variety of traiLiiiig ]d life groups to establish tbeir Cbristian journey. We will a180 Continue to explore opportunities to expand the niinisty rosS the regioo including Ireland, Wales and potenti&lly Europo. Essential items on the agenda for next year are as follows: . Plirchastng a new men's home, in addition to the one w¢ ¢urrently to expand our support for men in need. Laun¢l)ii)g the "Vision Parlners" progr&mtne, which will engage witli current donors and encourdge more individuals to partner with our ¢harity fiiian¢ially and tbrougb volunteeriiig. Introduce the Pipeline" bibliGal education system, providing professional and tailored classes for membei's of oitr church. . Launching 10 new Pl'ayer Connect Groups across Manchester to coiiiiect with meMbS of the congregation iii those weas alld begtn to rea¢h each town in Mallchester. Continuing core services both in-persoll and online, includiiig pl'ayer m¢¢tiiigs, Bibl¢ teachiiigs, aijd life groups. . Upgrading technologicaI capabilities to accommodate our growing membership. Int¢llsifying ¢ffi)rts to sewe fiuJdAiig througil innovative strategies and commiinity-driven initiatives like tli¢ Run4Hope eveiit. . Expalldtng InÉni8try reach into Ireld and other regions, establishing new Geiitres where needed. Maintaining and enhance partnerships with piofessionals and voliinteers, ettsui'ing the cliarity's growtb and resilien¢e, Next year, we will organise Ruli for Hope (R4H) with a different approach, which will allow us to connect with thc community once agaiii through this event and to support people willing to t&ke part - as an ongoing fiindraising initiative for ininisty development which l)as mobilised knuJdw15 of people to raise money for reaching vulnerable people across tlie UK. We will continiw the in-person and onlirLe t¢a¢l)iugs as paAt of our r¢gli1 activities, inclLiding . mal&se teachings Relatioiisbip t¢a¢liiDgs . Parellttng training Bible teachings Life Groiips VETI- theological trainiiig Page 6
Vietory Outreach Manchester Trusteesl Report . Prayer Times (Wedne5daylFridaylSaturday) • Regional Conferences for men, women and children • DanrR attd performing arts ¢lass¢s for I(idz G.A.N,G. Continiie to niaintsin contact with Gongregkttion m¢mb¢rs via in-person servicemeetIngs, Wh&t$ApplZooml telephonelemail. and visits when necessary. New Trustees are being recruited to join the board. New strwtures are being developed in tenns of growdi plai1ng and policies and procedures are continually being updated. Trustees and officers Tlie tt'LiSt¢es and officers serving duriJJg the year and since tlie year elld were as follows.. Trustees: Mwmoyo C Mason (resiglled 25 Mardi 2025) S lCowaJGzyk (r¢signed 31 May 2024) N Tett¢h (appointed 6 F¢bruary 2024) Stru¢tur¢p governance and mallagem¢nt Nuture ofguverning document The governiiig document is a CIO Foimdation Registered 16th June 2016. Oryanijalionul structure There is a Board of Trustees who meets regLilarly to malce slrategic d¢¢isiolls as well as a Business Executive Munag¢m¢nt Team, made up of SeLiior Pastoral Team and key Seiiior Staff of the chiirch charity which holds regular weekly business meetiiigs for tbe day to day operations of the church oharity. As the chLiwh grows, capacity is beiiig built with experts in finance administration ajongside identifying young I'alents for the future direution of the chtwity. Major rlsks and management of those rislov Ri31(AtsseJsmenl The Trustee5 a¢tively review the significallt risks th¢ ¢h8rity kres regularly and believe that maintaining the free resetves stsfrd, Combin with the Teview of controls ovgr ri'itiGal fmancial systems CEwried out on an annual basis. will provide sufficient resources in the event of adverse coiiditions. The Trustees have also examiiied other operalional and business rislcs that tliey 'face and confirm that they have established systeins lo mitigat¢ the significant rislis. Statement of trustees, responsibilitie5 The ti'le¢S (who are also the directors of VictOTy Oiitreach Manchestei. for the piirposes of ¢ompany law) are responsible for preparing the trustees, report. and the financial stateniellts in a¢cordallce with applicable law and United Kingdom Accoiinting Standards (United Kingdom Generally A¢¢¢pted Ac¢oiinting Practice), including FRS 102 "The Financial Repoiliiig Standard applicable in the UK aiid R¢publio of Ireland" Page 7
Victory Outreach Mallchester Trustees, Report Company law requires the tNstees to prepw'e financial statements foi. each fJnanGial year. Under company law the triistees miist not approve tl)e fiJ)ancial statements unless they are satisfied that they give a trlie ld fair view of th¢ state of affairs of the ¢haritabl¢ compaiiy and of tlie iiici)ming resoiirces and applicrAtion of resources, incliiding its incoine and expenditure, of the charitabl¢ company for that period. In prepai'iug thes¢ fxnan¢ial statemellts, tbe trustees are required to: select suitable accounting poli¢ies and apply tliem consistently. observe the methods and principles in the Charities SORP, make judgements aiid estimates that are reasonable and prudent. state whether applicable aocoiinting standards, comprising FRS 102 hav¢ been followed, subject to any Inat¢rial departures disclosed and explailled ill the finallcial statemeiits. and prepare the finaiicial statements on tlie going concern basis unless it is iiiappropriate to presume that tiie charitable company will continue in busiD¢ss. The trustees are responsible for k¢¢piug proper aGcoilliting records that oan disolose with reasonable acciiracy at ally titne the fInancial position of th¢ charitable company aiid enable them to ensuir that the tLnanGial statem¢nts ¢omply with the Coinpaiiies Act 2006. They are also responsible for safeguarding the assets of the charitable ¢ompally and henGe for taking reasonable steps for tlie prevention and d¢tsction of.fraud aiid other irregulatitie5. The ts'ustses are responsible for th¢ maintenance and integrity of the corporate and financial information in¢luded on the charitable company's websits. Legislation governing the preparatioii and dissemination of fIn]cIal statements may differ frojn legislation in other jurisdictions. The annual report was approv¢d by the trustees of the charity oil 28 Marcli 2025 and signed on ils behalf by.. Twstre Page 8
Victory Outreach Manchester Independent Examiller's Report to the trustees of Victory Outreach Manchester {Ithe Company,) I report to tl)e ¢knArity truste on my examination of tbe aL'¢OUiIt8 Ot the Comp8ny for the Ye ended 31 May 2024. Responslbllltles And bASiS of report As tlie charity's ttwstees of tlie Company (and also it8 dir¢¢tors for the purposes of company law) you are responsible foi. th¢ pptIOn of the accounls in &ccoi'dance with tbe requirements of the Companies A¢t 2006 ('the 2006 Act,). Havit)g satisfied myself that tlie attoiints ot the Compally are not required to b¢ dudited under Part 16 of the 2006 Act and are eligible for indepetident ex]I1n&t10n, I report iii respect of my examination of your cliarity's accounts as ¢arii¢d out uodei. s¢¢tion 145 of the Charities A¢t 2011 ('the 2011 Act,). In canying out my examination I have followed tlie Directions given by tlie Charity Coinrnission linder sectton 145(5)(b) of the 2011 Act. Independent examiner's statement Since th¢ Compally's gn)ss inci)me exceeded £250,000 your exaininer must be a inember of & body listsd in sectioii 145 of *h¢ 2011 Act. I ¢oiifimL that I am qualifi¢d to undertake the exarniiiatioJ] because l arn a inember of ICAEW, which is oiie of the listed bodies. I bave ¢ompleted my ¢xamination. I confirrn tbat no matters hav¢ ¢ome to my attei)tion in co]]llectlOll with tbe exarnination giving me cause to believe.. accounting records were it kept in r¢sp¢¢t of Victory OutreactL Mall¢h¢ster as req]Jired by seclioii 386 of the 2006 Act; or 2. I'he accounts do not accord with those r¢cord$' or 3. the accounts do not comply with the accouttting tequirements of s¢Gtion 396 of the 2006 Act other th any requirenient tliF¢t the accounts give a 'true and fair view, which ig not a niatter considered as part of an ind¢pendei)t mInatiOn- or 4. the accounts have not been prepwed iii accord]Ge with the methods ]d pi'inciples of the Statement of Recommended Practice for aCCOLinting and r¢portiiig by charities [applic&ble to charities preparing th¢ir &ccounts in accordl¢e with the Financial Reporting Standard applicable in th¢ Utl aiid Republi¢ of Irelalld (FRS 102)]. I hav¢ no con¢crns and have come across llo other matt¢rs in Connection with the examination to which attention should be drawn ill this report in order to enable a proper lderStanding of 'the accounts to be reached, Paul Roper ICAEW M¢Kelleiis Limited I l Riverview The Embarikment Business Park Vale Road Heatoll Mersey Stockport SK4 3GN Dat'e,. 3ililiC Page 9
Victory Outreach Manchester Statement of Financial Activities for the Year Ellded 31 May 2024 (Including Income and Expellditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrlcted fullds Totol 2024 Note Income and Endowments from: Donations and lega¢ies Charitable aGtivittes Other trading tIvitieS InveStent illcome Oth¢r in¢oin¢ 301,270 22.120 2,065 17,599 80,II6 2,541 2,513 318,869 102,236 4,606 2,516 241 241 Total inGome 325,699 102,769 428,468 Expellditure on; Raising 1]d8 Charitable activities Other expenditure (8,356) (184.509) (137,346) (6,734) (43,837) (35,160) {15,090) (228,346) (172,506) li Total expcnditure (330,211 85,731) (415,942) Net (gxp¢nditure)liiicome Transfei's b¢tween thnds (4,512) 13,747 17,038 13,747) 12,526 N¢t movemcnt in fiind5 9,235 12,526 Reconciliation of funds Total funds brougbt fonvard 97,860 215.407 313,267 Total funds carried forward 23 107,095 218,698 325,793 The notes on pages 13 to 27 form an integTal part of these finall¢ial stalements. Page 10
Victory Outreach Ivlanchester Statement of Financial Activities for the Year Ended 31 May 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) YeAr ended 31 May 2022 Restrleted Total funds 2023 Unrestricted funds Note Income and Endowments from: Donation8 and l¢gaci¢s Charitable activities Other trading activities li)v¢siment income Other income 286,239 3,330 2,580 23,837 105,513 737 899 310,076 108,843 3,317 902 1,00? 997 Total ill¢ome 293,149 130,991 424,140 Expenditure on: Raising funds Chw'itable activities Other expeiiditure (4,224) (171,972) 119,478 (5,571) (51,643) 38.473) (9,795) {223,615) {157,951 li Total expeiiditiire 295,674 95,687) (391,361) Net (expenditure)/income Transfers betweell fLlnds (2,525) 5,500 35,304 5,500) 32,779 Net inovew¢nt in funds 2,975 29,804 32,779 Reconciliation of fullds Total fuiids brought forward Total funds carried fOn¥,d 94,885 185,603 280,488 23 97,860 215.407 3 K3,267 All of the ch-ty,3 activities derive from continuing operations during the above two periods. 'rhe fvnds breakdowJ] for 2023 is shown iii note 23, The notes oli pages l3 10 27 forn] an intsgral part of these fmwi¢ial stat¢m¢nts. Pagell
Victory Outreach Manchester Olegistration number: 1167670) Balance Sheet as at 31 May 2024 2024 2023 Not¢ Fixed assets Tl1b1¢ assets 17 169205 16 I,844 Current llssets Debtors Ch at bank and in h)d 18 27,970 214,672 7,S37 188,598 19 242,642 196,435 Crediton: Amounts flllling due within one year Net curront assets 20 (69 439) 21,285 173,203 175,150 Total assets less ¢urr¢nt Ilabilities 342.408 336,994 Credito. knounts fAlJing due After more than one year 21 {16,615) (23,727) 313,267 Net assets 325,793 Funds of the charity: Restricted income funds Restricted funds 218,698 215,407 Unrestrieted Income funds Unrostricted funds 107,095 97,860 Total fuud5 23 325,793 313,267 For t]Je flliancial y. endxng 31 May 2024 the charity was entitled to exernption fffTriD audit w]der section 477 of the C¢)mpanies Act 2006 relating to small complIeS. Directors, respoiisibiliti¢s'. The members have not Teqiiired the oharity to obtain an audit of its accounts for th¢ y¢ar in qiiestion in accordance with section 476. and The directors knOwledge their responsibilities for complying with th¢ requirements of the Act with respect to a¢rounting records and the pr¢parntion of GOUntS. The financial statsments on p&ges 10 to 27 were approved by the trustees. and autboTised for i.ssii¢ 01128 March 2025 and signed on their behalf by., Mwmoyo Trustee The notes on pag¢s 13 to 27 fomi an integral part of these financial stat¢ments. Page l2
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 I Charity status The PLincipal place of business is: 19 Liverpool Street Salford M5 4LY These financial statements were authoris¢d for issue by tlie tnistees on 28 Mar¢h 2025. 2 Accountlng poll¢Res Summary of significant accounting polleies and Iiey aceounting estimates The principal accounting policies applied ii) the preparation of these fthancial statements are set out below. Tliese policies have been consistently applied to a]1 tbe years presented, iillless otberwi8e stated. Statement of compliance The financial statements have beeii prepared in accordance with Accounting and Reporting by Cliarities,. Statement of Recommended Practice (applicable to ch'ltieS preparing their accoiints in accordance with the Fin4iicial Reporting Standard applicable in the UIC alld Repiiblic of treland (FRS 102)) (issued in O¢tober 2D19) (Charities SORP IFRS 102)), the Financial Repoiting Standard appliGable in the UK alld Republic of Irelaiid (FRS 102) And the Companies Act 2006. Basis of prepAratlon Victory Outreach fvlanchester meets the defiijition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The tmstee5 coiisidei. that tligre are no inat¢rial un¢erlainti¢5 8About tli¢ ChIty'S ability to continue as a going oncern nor any 8ignifLcant areu of uncertainty th8t affect the Garrying valiie of assets held by the charity. Exemption frorn PTepariDg a cash fAoiv statement The charity opted to Etdopt Bull¢till I published on 2 F¢bruary 2016 and have therefore not. included a Cash flow stateirent in these financial statemaits. Prior period errors Cost ofL&nd and Buildings In 20D7 a property was purchased as a sober living liome for men. Tliis was included in th¢ financiAI statements at the value of the loan taken out to purC1e the building of £IOO,000. The biiilding has now been restated to the original cost of £l29,000. Income And endowmellts All incoine is recognis¢d once the charity has entitlement to the income, it is probable that the incoine will be received alld the amoullt of the inconie receivabl¢ can be MelIred reliably. Page 13
Victory Outreach Manchester Notes to the FinanciAI Statements for the Year Ended 31 Ilfyy 2024 Donations aNd legacles Donations are iecogiiised wbcn the charity has been notified in Writi1 of both tbe amoullt and settlement date. In the event tliat a donation is subje¢t to wiiditions that require a level of performaiice by the charity before the ¢h4rtty is éntitled tD the funds, the income is deferred and not recognised itil eitlier those conditions P¢re fully e¢ or the fulfilment of those conditions is wliolly within the Golltrol of the cliarity and it is probabl¢ that thes¢ COLiditions will be fLilfilled in the iyporting period. Grants receivable Grants are recognised when the charity lias an eiititlement to the thnds wid any wnditions linked to the grants have been m¢t. Wl)ero p¢rforrnanGe conditions are attached to tlie grant and are yet to be mel the incotne is re¢ognised ag a liability and included on the balance sheet as deffflY¢d inco¢ I'o be released. Gifts In klitd Gifts in kind are reoognised ii) different Way8 dependent on how they are us¢d by the charity.. (i) Tbose donated for resale produce iii¢ome when they are sold. They are valued at the arnount actually realised. (li) Those donated for onward tIsl$s1on to b¢iJefi¢iaries are included in th¢ Stst¢m¢llt of Fillall¢ial A¢tivitLes as in¢oll)ing r¢souK¢s and r¢sourc¢s expended when they are distribiited. They are valued at the amount the charily would have had to p&y to a¢qvire th¢m. (iii} TIiDse donated .for 118e by the cli2rity itself are included wl)en receivable. They ar¢ vdu¢d at tlje amount the harity would have had Éo Pfly to acquii'e them. Inveslmenl incon Tijis is in¢luded in the aGGounts when receivable. C¥her income Gifts in l(iiid are accouiited for at a reasonable estirnate of their vallie to the charity or the amounl. actually realis¢d. Gifts in kind for sale or distribution ar¢ included in the accounts as gift3 only when sold or distributed by the charity. Gifts in kind for use by th¢ charity ar¢ in¢lud¢d in the SOFA as incomillg resour¢¢s wli¢n ieceivable. Donated services and facilities are only included in incorning resoiwces (with an eqiiival¢nt n01t in resources expended) where the benefit to the charity is reasonably qiialltiflable, m¢asiirabl¢ and matsrial. The value placed on these i'esoiix'¢e5 IS the estimated valiie to tlie charity of the service or facility received. I xpenditure All ¢xp¢nditure is recognised onGe there is a legal or Collstriictive Cpbligation to that expenditiire, it is probable settlem¢nt is r¢quiied and tlie ainoimt can be measured reliably, All wsts are alloGated to the applicable expenditure heading that aggregate similar costs to that category. Wh¢r¢ costs Cannot be directly attributed to particul. heing3 th¢y liave been allo¢ated on a basis coiisistent with the use of resoiirces, with central staff costs allocatsd on the basis of tIe speiit, ]d depr¢ciation ¢liarges allocated on the portioii ol. the asset's use. Other support costs are allocated based on the spreRd of gtaff costs. RalsingJuRdY These are costs inclied in altracting Volunt incom¢, the management. of investtnents and thos¢ in¢urr¢d in tRding activities that raise fund8, Page 14
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 Cliarllable aetlvltles Charitable expellditure Gompi'ises those costs incurr¢d by the charity ill the delivery of its a¢tiviti¢s and s¢rvi¢¢s foi. its beneficiaries. It inclLides botli costs Éhat can be allocated directly to such activities and thos¢ costs of ali indirect natlwe necessary trj support tliem. Gronf PendItUre Whei'e the Charity gives a grant with conditions for its payment being a specific level of service or outpiit to be provided, suoh grants are only re¢ogt)ised in the SOFA once the recipient of tlie grallt has provided the specified. Grants payable witbout perforrn&nce Collditions are recognised in the accounts whei) a coinmmitsnent has been made and there are no conditious to be met r¢lattng to a grant which remain in control of the charity, Gruntprovlslotty Provisioiis foi. grants are inaile when the intelltion to malle a grant has b¢erL communi¢ated io the re¢ipieJt biit there is uncertainty about either the timing of the gnt or the ainount of gi'ant payabl¢. Siipport eosts Support COSts iiiclude central fuiictions and have been alloGated to activity cost categories on a basis consistlll witli the use of resources, for example, allocatlllg property cos15 by floor areas, or per ¢apita, staff ¢ost5 by th¢ time speiit and other costs by their usage, Governance costs These incliide the costs atlribiitable to the charity's conipliance with constitutional and statutory requirements, including the preparation and independent examiiiation of the statutory accounts, strategic managemeLIt and trustees meetings and cost of any legal advi¢e to trustses on goVern]Ce or Constitution matters. T#xatlon Th¢ charity is Gonsid¢i'¢d to pass the t¢sts set out in Paragraph I Schedule 6 of tbe Finance Act 2010 and therefore it meets the definition of a charitable company for UIC ¢orporatioll tax piirposes. Accordingly, the Iiarity is potentially eKempt froin Iaxation in respeth of income oy capital gains tEceived witliii) categories ov¢red by Chapier 3 Parl I l of the Corporation Tax Ath 2010 or Sectioii 256 of the Tax&tion of Cbkwgeable Gaiiis Act 1992, to the extent that such iiicome or gains &e applied exclusively to cb8Xitabl¢ purposes. Tangible red assets Individual fixed assets costing £500.00 or niore are Initially recorded at cost less any subsequ¢nt a¢cumulated depreciation and subsequent accuiiiillated impairnient losses. Depreei%tioll and amortisation D¢pre¢ialToii is provided oil lgible fixed assets so as to write off the cost or valiiation, less any estitnated r¢sidua] valiie, over their exp¢ctsd useful e¢onoini¢ life as ft>llows.' Asset class G¢neral equipment Fixtiires and fitting8 Motor vdiicles DepreelAtion method and r4te 25Q/o Straight line IOO/i Straiglit line 250/0 sÉraight line Page 15
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 No amortisation 15 charged to freehold propety as tli¢ PTQP¢rty is niailltailled to such a staiidard th&t the estimated residual valu¢ is not less than cost Freehold property Tr#d¢ debtors Trade debtors are amoun18 diie from ¢ustoineis for merchandise sold or sei'vices perfonned in the ordinary ¢ours¢ of busilless. Trade d¢btoi's are recognised initially at the ti'ansaction price. They are subsequently ihea8ured at amortise(I cost iising the effective interest metho4 less provision for irnpairtneiit. A pi'ovision for the impairtnellt of t&7de debtors 18 established wb¢n there is objective evidence that the clwity will not be able to Qollect ail amounts due according to the original terms of the CeIvables. Cash and cllsh equivalents Cash and Gash equivaleiits comprise cash on hand &nd call deposits, aiid other sliort.temi highly liquid iiivestments that. are ieadily convertible tv a known amount of cash and are subject to an insignifL¢ant rislc of change in value. Trade ei'editors Trade creditors are obligations to pay for goods or services that hav¢ been a¢quired in the ordinary course of business froin 511ppliers. Accounts payable are classified as ciirrent liabilities if the charity doe8 Ilot have an uiiconditional rigbt, at tlie ¢¢ of th¢ r¢portAng period, to d¢for settl¢n]¢nt of the creditor for at least twelv¢ months &ftei' the reporting date. If tli¢r¢ is an unconditional right to defer settlement for at least twelve months after the i'eporting date, they are presented as non-CULTent liabilities. Trade creditors are recognised initially at the transaction price and subsequ¢ndy measured at amortis¢d cost using the effective interest method. Borrowings 1iiteiESt-beIng boiirtrwings are initially recorded at fair value, iiet of trallsaction costs. Iiiterestknbearing borrowings al'e subs¢qiiently carried at amortised cost, witb tlie difference betw¢¢n the preeds, n¢t of transaction costs, and the amoimt due on redeinption being r¢cognised as a ¢harge to tbe Statsm¢nt of Financial Activities Dver the period o'f the relevaiit borrowing. Interest expens¢ is re¢ognised on tb¢ basis of tl)e effectiv¢ interest melhod and is in¢lud¢d iti interest payable id Simil cliarges. Borrowings are classified as current liabilities unless the charity ha5 an unconditlollal light to defer settlem¢llt of the liability for at least ttvelve months after the reporting d&te. Fund structure Unrestricted fuiids can be used for the general objectives of the charity as set out in the trnstees, report. The movements of the iinrestricted fLU)ds are giveD in the Statenient of Financial Activities. D¢signat¢d fimds ale fid$ set aside by the trustees oiit of unrestricted genei'al funds iing fenced for particular purpos¢s or projects, Restri¢t¢d iiicome funds are tlios¢ donat¢d for lis¢ in a parti¢iilar drea or for spg¢ific purposes, the use of which is restricled to that area or piirpos¢. These Testrictions often arise as a result of the regular appeals for sp¢¢ial offerings ld specific donations. Page 16
Victory Outreach Manchester Not to the Financial Statements for the Year Ended 31 May 2024 Penstolls and other post re¢irement obligations The charity op¢rat¢s a d¢fined rontribiition pension scheme which is a pension plan under which fixed contribiitions are paid itho a pension fund <1nd the chai'ity has no legal or con$tru¢tive obligation to pay furthei. contribiitioiis even if the fund does not hold Slifficient assets to pay all employees tbe benefits relating to employee service in the Gurrent and prior periods. Contributions to defined colltributioii plans are recognised in the Stat¢m¢nt of Fittancial Activities when they are due. If contribiition payinents exceed the coiitribution due for service, tlie excess is recognised as a prepayrnent. 3 Incoine from donations and legaeie8 Unrestricted funds CellerRI Restricted funds TotAI 2024 Total 2023 Donatlolls and legacies. Donations from individuals Gift aid iYclaiJn¢d Grants, in¢ludillg capital grlts. Gts from other charities Gifts in kind 257,093 32,677 15,324 2,275 272.417 34.952 256,509 35,367 11,500 11,500 17,700 500 301,270 17,599 318,869 310,076 4 tncome from charit#bl¢ 4rtiviti¢s Unrestrlcted funits Gener41 Restricted funds Total 2024 TotRI 2023 Ri4HOp¢ Rent receivable United We Can 7,536 7,536 22,120 72,580 18,055 3,330 87,458 22,120 72,580 22,120 80,116 102,236 108,843 Page 17
Victory Outreach Manchester Notes to the Fillancial Statements for the Year Ended 31 May 2024 5 Ineome from other ti'adlng aetlvities Unr¢stri¢ted funds General Restricted funds Totgl funds Totfil 2023 Tiading incoine. Sales of goods }d Bervices Other trading incom¢ Events iThwine' Other events iiicome Local fulldraisiiig and street collectioii income 490 1,206 490 3,089 1.883 2,847 104 104 150 78 845 923 320 2,065 2,541 4,606 3,317 6 Investment In¢om¢ Unre$tri¢ted funds General Restrieted funds Total 2024 Total 2023 Intsr¢st receivable and similar iiicome. Interest receivable on banlc deposits 2,513 2,516 902 7 Other income Unrestricted fund5 General Tothl 2024 Total 2023 Fees and siipplies 241 241 1,002 Page 18
Victory OutreaL'h Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 8 Expenditure on raising fundg A) Costs of generatlng dontAoiis And legaeies Unrestrlcted funds General Restricted funds Total 21124 Total 2023 Note Donations 8,248 4,637 12,885 8,791 b) Costs of tradlng activities Unrestricted funds General Restricted funds T(btl 2024 Total 2023 Note Costs of goods sold I08 2,097 2.205 1,004 108 2,097 2,205 1,004 9 Expenditure on charitable activities UnTestricted funds General Restricted Total 2024 Total 2023 Note Services, teachin& hospitality alld pastOTal Events Grant funding of activities St&ff costs Governance costs 13,614 5,954 8,747 724 22,361 6,678 14,402 2.284 23,510 130,285 11,146 24,115 5,657 4,594 47.625 135,942 15,740 128,341 10,530 io 184,509 228,346 223,615 In addition to th¢ expenditui'e analysed above, there are also governance costs of £15,740 (2023 £10,530) which relate directly to ¢haritsble activities. See iiots 10 tor fiirther details. Page 19
Victory Outreach Manchester Notes to the Fillancial Statements for the Year Ended 31 May 2024 10 Analy518 of governance and SUPPDrt costs Governance costs Unrestrlcted funds General Restrleted funds Total 2023 2024 Independent examiner fees Examillation of tlie fjiiancial stateinentB 970 10,176 415 4,179 4,594 1.385 900 9.630 Othei. fees paid to exglminers 11,146 15,740 10,530 11 Other expenditure Unrestricted funds GenerAI Restricted funds TOÉAI 2024 Total 2023 Note Legal & professional fees Rent & rntes Depreciatioll, aniortisatxon and other sirnilar costs Utilities Travel & subsisten IT costs EqLiipment & untsnance General expenses In3Li1ce B]k charges & Inte$t 3.632 50.002 7,493 11,125 50.002 20,571 42,114 10.526 22,781 5,930 4,157 18,660 11,294 4,508 5,856 134 10,660 22,781 33,145 4,157 18,852 11,420 4,508 5,856 7,521 21,679 29,751 3,556 14,581 8,233 3,760 6,185 27,215 192 126 137.346 35,160 172,506 157,951 Page 20
Victory Outreach Manchester Notes to the Finanetal Statements for the Year Ended 31 May 2024 12 Iyet incomingloutgoing i'¢sources Net outgotng resourc¢s foi. the year include,. 2024 2023 Depieciation of fixed assets 1.0,660 7,521 13 Trnstees remuneration and expenses During the Ye the charity made the following transactions with trustees: S Kow8lczyli During the Ye.. S Kowal¢zyk paid ¢xpenses on behalf of the charity totalling £7,403 (2023.. £1,409) and was i'eimbursed for this expenditui'e. During the prÉor a¢¢oiuJtiiig periol S Kowalczylc was also given £50 for servin8 at an eTht at the church, Separately, during the prior accoiinting period S Kowalczyk purcliased goods to be resold in the charity's Café valued at approximately £500 and gift¢d t¢se to the charity. No tstee$, nor any persoijs connected with tbctll, Ive received any rernullerdtion from the charity during tlie year, No trnStees have received any other benefits from thv charity dur(ng the year. 14 Staff costs The aggregate payroll costs as follows.. 2024 2023 Stsff e05ts during the yea Y were: Wages and salaries Socia.1 security costs P¢llsion costs Other statf costs 122,768 4,359 3,245 5,570 117,475 3,581 3,025 4,260 135,942 128,341 The moiithly average nurnber of persons (incliiding senior management I leadership t¢am) employed by the charity duriiig the year expr¢ss¢d'as full time equivalait5 was as follows: 2024 2023 Raisiiig funds and ¢]Jaritable artivities Others - support 5 (2023 - 5) of the above employees paiticipated in the Defined Contribution Pension Schemes. Contributions to te employee pell8ion sehtmes for the year totalled £3,245 (2023 - £3,025). Page21
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 No einployee received emoluments of more than £60,000 during th¢ yoar. 15 Independent examln¢r'8 remuner&tion 2024 2023 Exall)ina¢ion of the financial gtatenients 1.385 900 Other fees to exan)Iners All other servi¢¢s 14,355 9,630 16 Taxation The Charity is a registered clwity and is therefore exempt fi'ou] tati0ll. 17 Tangible fixed assets Land and buildings Furnlture and equipment General Equipment Motor vehlcles Cost At l. June 2023 129,000 18,375 12,300 81,846 241,521 At 31 May 2024 129,OOQ 18,375 12,300 81,846 241,521 Depreciation At I JEe 2023 9,292 3,844 59,180 72,316 At 31 May 2024 9,292 3,844 59,180 72,316 Net book value At 31 May 2024 129,000 9,083 8,456 22,666 169,205 At 31 May 2023 129,000 9,083 8,456 22.666 169,205 18 Debton 2024 2023 Trade debtors Prepayments Olher debtors 550 28,698 (1,278 27,970 1,323 5.062 1,452 7,837 Page 22
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 19 Cash #nd cash equivAlents 2024 2023 Casli on liand Cash at bank 75 214.597 430 188,168 188,598 214,672 20 Creditors: amounts falling due within one year 2024 2023 Bank loans Trade creditors Other creditors Pension scheme creditor AcerLmls 8,892 43.781 11,731 689 4.346 8,886 3,455 3,431 606 4,907 69,439 21,285 Page 23
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 Bank borrowfings The l(ingdom Bank Mortgag¢ is denomiThat¢d in sterliiig with a nominaI interest l'ate of 6.15ty/0 (2023 . 7.50/0). and the final instalinent is diie on 9 Aiigust 2027. The ¢arrying amount at yew end is £25,571 (2023 - £32,613), The illortgage with Kingdom Bank was iised to pur¢hase a sobei. living Iwm¢ for rnen. The origtnal wnount of th¢ loan was £100,000 repayable over 20 years. The home is iised by related Charity Project 67 with rent payable as disclosed Én the r¢lat¢d parties note, 21 Creditors: amounts fAlling due after one year 2024 2023 Bank loans 16,615 23.727 22 Obligations under leases and hire purchase contracts Operating lease eommltments Total futhr¢ miniinum lease payments iillder non-canrellable operating lease8 are as follows: 2024 2023 Land And buildings Within one year Between one and five years 49,000 122,500 12,249 171,500 l2,249 Other Within one y¢aT Between one ]d five years 7,658 1,584 18,794 1,584 Page 24
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 23 fiunds Bal&n¢¢ at 3] Mfiy 2024 Balanc¢ at I June 2023 Incoming r&sour¢es Resources expended Tr4n$fers Unrestrieted funds General 97,860 325,699 (330,211) 13,747 107,095 Restricted Funds Ulllted W¢ Call Building Fund Othei. Restricted Don&tioi)s Commuaity Wraparound Services 165,847 40,604 395 86,130 223 16,416 (79,719) 172,258 40,827 (3,020) (13,747) 8,561 2,992 5,569 Total Restricted funds 215,407 102,769 (85,731) (13,747) 218,698 Toknl funds 313,267 428,468 (415,942) 325,793 Balance at 31 May 2024 BfilAnee at I June 2023 Ineoming resources Resour¢¢$ expended Transfers Unrestricted General 94,885 293,149 295,674 5,500 97,860 Restricted Funds United We Can Building Fund Other Restricted DonatioLIS Commiinity Wraparoulld Services 139,630 45.973 112,837 49 395 (81.120) (5,418) (5,500) 165,847 40,604 395 17,710 9.149 8,561 Total Restricted funds 185,603 130,99I 95,687) 5,500 215,407 Totjl fund8 280,488 424,140 (391,361) 313,267 Page 25
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2024 The speGifio purposes for which the fwid8 are to be opplied are as follows.. The United We Can fiind is to be uBed for plauting n¢w Ghurclles ill th¢ UK and Eump¢ and supportii)g th¢m in tlieir early years. It is also used for paying the travel costs of Victory Outreach Mancliest¢i s pastors servittg tlie worldwid¢ Victory Oiitr¢ach Cl)urch ld fiinding a small proportion of Certaiti cliarity overlieads. The Building Fund is for the Plirchase of a new building to be used as a sobor living facility. The Cominiinity Wlaparound Services fund is us¢d to provide help attd SLlPPOrt for the local cominunity. Other Restri¢ted Donations includes,, donations given througli the Three Peaks chall¢nge to rais¢ money fiindillg attendallc¢ at Efft intgmatxonaj confereii¢¢ Cod¢ Red dotsatÉons funding gifts and encouragement for women livin£ in hostels escapiiig doillestic violence - doiutions to purclwe new soilnd and lighting equipment. The sound alld lighting equipment piirchased tbrough 'other restricted donations, has beeii Capitised. A transfer of the value of the equipment has been included to recogtiise tb¢ purchase of the eqiupment out of restricted funds. 24 Analysis of net assets between funds Unrestricted funds GenerAI Tot41 funds #t 31 May 2024 Ilestricted funds Tangible red assets Currenl assets Current liabilitÈes Creditors ov¢r l year 169,205 23,944 (69.439) (16,615 169,205 242,642 (69,439) (16,615) 325,793 218,698 Total net assets 107,095 218,698 Unrestricled funds Genell'41 Total funds at 31 May 2023 Restrieted funds Tallgible fixed assets Current assets Ciur¢iit liabilities credito over l year Total net assets 160,548 (17,676) (21,285) 23,727 1.296 214,Ill 161,844 196,435 (21,285) (23,727) 97,860 215,407 313,267 Page 26
Vlctory Outreach Manchester Notes to the Financial Statements t'or the Yerfir Ended 31 May 2024 15 Related party trnnsactlolls Diiring the yw the Gbarity made th¢ following relat¢d pwty transactions: Project 67 (Iii Novetnber 2020 a new Charitable Incorporated Organisation (CIO) was registered as Project 67 (Cliarity nuLnber I l92263) whicli took oo the responsibilities of tlie Hon]es (sober living facilities) that had been part of Victory Oiitreach Mallcliester. ) The charity provides a house to be used by Project 67 as a sob¢r living fa¢ility for men. Rent paid by Project 67 to the charity during the year was £9,990 (2023: £3,330). Victory Outreach Man¢h¢ster gav¢ a donatithi of £4,088 (2023.. £3,530) to Proj¢Gt 67. E Curtis is employed by tbe Victory Outreach Man¢bester and 15 a trustee of Project 67, tncluded in other crediloTS at the year end is an amount of fiinding received by Project. 67 which is held by Victory 1(reach Manrh¢st¢r on behalf of Pi'oject 67. At th¢ balance sheet date the arnoiint due lo Project 67 was £10,128 {2023- £Nil). Community Change Programme (P Lloyd, an employee of t1 thwity, is a trustee of tb¢ CommiTnity Cliange Programme, a Charitable 'I'nGorporated Organisgitloll 8UPPOrting people affgcted by alcohol ]d substanLe addiction.) During the year, th¢ charity made donations of £191 (2023.. £851) to c0munity Chang¢ ProgNllm¢. At the balance s&¢et date tho 8mount diie to/from Con]miinity Change PrOamme was £Nil (202) - £Nil}. Churches plAnted by the charlty (Victory Outreach Manchester has planted a iiimiber of otlier Victory Outreacli chiirches,) The cbaiity gave £24,Il5 (2023.. £35,810) to Ghurcb¢s planted by the charity, At tlic balaiice sheet dale the &moLt due tolTrom chur¢1 plkmted by the charity was £Nil (2023 - £Nil}. Page 27