Charity registration number.. 1167670 Victory Outreach Manchester (Cl]aritable InGorporated Organisation) Allnual Report and Financial Statements for the Year Ended 31 May 2025 McKellens Limited I l Riverview The Embanl(meiit Business Park Vale Road Heaton Mersey Stockport SK4 3GN
Victory Outreach Mallche5ter Contents Reference and Administrative Details Trustees, Report 2to8 Independent Exaininer's Report St&ternent of Financial Activitie Iotoll Balance Sheet 12 Notes to th¢ Finw)cial Statsments 13to27
Victory Outreach Ilqanchester Reference and Administrative Details Trustees Mwmoyo N Tetteh Eojo 1167670 Charity RegistrAtAon Number Principal Offiee 19 Liverpool Street Salford M5 4LY Independent Examiner McKellens Limited I l Riverview The EMb1kment Business Park Vale Road Heaton Mersey Stockport SK4 3GN Banliers Natwest Banlc PIC 182 Deansgate Manchester M3 3LY Page I
Victory Outreach Manchester Trustees, Report The trustees. who are dil'ecto for the pui'poses of CDmpany law, pi'esent the annual report togethd with the financial statements of the charitable company for the year ended 31 May 2025. Objeet1v *lld 4ctivitles Objects and aznis l. The advAn¢ein¢M of the Christian F&ith in a¢¢ordAnce wilh the statem¢nts of belief s¢t out xii th¢ s¢h¢dule app¢aring at ih¢ end of die Collstitution and th¢ worship of God ill the said country ld elsewhere and by any means wh&tsoevei' including (but not by way of limitation) the preaching and proclamation of the Christian Gospel and the teaGhing of Chri5tiaii doctrine and prlliGiples and the pastoral Gare of Christian people ]d tlie printing and distribution of the Bible and Christian litei'ature iiiGluding video and audio recordings OT CDS and by ally Other rnedia whicli is or may become available. 2. The rellef of persons who in conditions of need or Iwdship and consequently are in distress or who sid<. 3. The advanceinent of education on the basis of th¢ abov¢ Ckllistian prinGipl¢8 ld without prejudi¢¢ to th¢ geiierality of the thregoing provisions of such education itt any edii¢ational establishmentand if the trustees so decide the provisioE] of one or rnore charitable eduG&tion establi5hment5 for the general education of Ghildren or adiilts on the basis of such ChrEStiE principles. 4. Meetings and events for ]quirerS into the Christian faitli. Victory Outreacb is an Illtsrnationai Christian Mrnisty orientated churcb called to the task of evangelisillg and discipling the hurting people of the world with the message of hope and the plan of Jesus Christ. This call involves a ¢OnnIt¢t to plant and develop ohurches, rehabilitation homes and traijtug cellttEs in strategic cities of tbe world. Victory Oiitrea¢h inspires and ingtils witbill people the desire to fidfil their potentials in life with a gense o'Fdignity, belonging and destiny. Page 2
Victory Outreach Manchester Trustees, Report Objectlves, strategles and actlvltles Victory Outreach Manchester experienced a transformative year for the period eliding 31 May 2025. The charity PTlOlltised TestLVCturing its administrative striictiwes and staffing to better reflect the evolving needs of tli¢ orgallisation. In addition to these stru¢Nral changes, w¢ wntillued oui. outreach programmes and community engagements. W¢¢kly É¢achings, prayer meetings, and outreach events reinained Gentral to oui. activities, providing vital support to thos¢ in need across Ml¢heSt¢r and Salford. Our dedication to upliftirLg individuals facing hardship through faith-based initiatives has been uiiwaveriiig. This year also saw tl)e enhattcement of leadership stLMctures within the chiii'ch. We focused on building capacity by integrating experts in fLiiance and adrninistration }d nurturing young talent to secure the organisation's future. These efforts Unde¢Dre our coinmitment to ensuring tIt Victory Outreach ml¢h¢ster remains & beacon of hope and SPll'Étual guidance in the community. The charity continues doing fruitful work in assisting men and women whose lives have been elldallged by substallre and ai¢ohol misus¢ to b¢¢om¢ sober alld clean with tL]e added benefit of reducing re-offending. Further, our ¢ommunity's growing intsrest in famtly life ]d parentiiig S young people eiicoiwaged to engage with po8ltive role models, inoluding Bible study givups, prayer meetings, music and dran. Tlie charity remains the beacon of hope withlll the cominunity it serves due to the uniqueness of what we do. This year, the charity owed its continued existence thTougl)out tlie year to the ut]fjinching dedication and support of our people and volunteers to the mission. We are improving faith ]d wellbeing among our members and the community througb teaching and outreach activit£es, including weekly t¢a¢bitLgs and events &Chillg oul to prostitutes, di'ug addicts. alcoholic8. the homeless and the hitIllg people all over the ¢ity of Salford. Manchester and its surrouiidings. Page 3
Victory Outreach Manchester Trustees, Report Key Achievements in 2024-25 Oiganis¢d the UIC and GeiTnany Region onliiie Ruti4Hope fundraiser Én September 2024. The amouut raised was £35,201.20. Cod¢ R¢d - Saw many women in hostels siiffering from domestic violence and street WOTk¢rs receiving personal encourageinent and personal gifis. . Christ]nas Production for the Third W&ve GANG (God AJ]Oillted Now Generatiot)) mitlistry. Provided Cliristmas Day meals for all those within the chiwch and local cotnmunity who did not have fnIlY or allywhere else to go oil christm Day and our flagship Year's Eve ¢elebrdtion and tbffjnksgiving servi¢e. • VO Glasgow. VO Franlcfirt & VO Birmingham conÉiniied to grow and sustain its operational model courtesy of our United We Can fund (UWC). . Participated in the annual Senior Pastors Strategic and vision casting meeting in Mexico. Well represented at th¢ Nfiglity M¢n of Valor alld the United Women in Ministy Conf'erence, which all happerLed in America. . Successfidly supported yoiing adults to attend Eh¢ Urban Traitiijg Centre ill Am¢ri¢a. Continued tlie weekly church-wide onlineliii-person prayer meetings la monthly m¢n and wom¢ll prayer m¢¢tings as we s¢¢ growth in n]any of oui. members, pl'ayer and Spll'itual lives. Organised a couple's retreat derived froin our monthly married life group which includes series of activities and t¢4rhing for wupl¢s with Seasoned couples sbaring their wealth of knowledge and experience in marriage to l1¢lp our m¢mbers. Contiiiuing with the legal e5tablisbiuellt of starting a llew clwity in Dublin, Ireland with a lOng-ter view to open a ttew church. Continued with theological teachings through VETI and ¢n¢oiirag¢d i1p-and01ng l¢ad¢rs to wntinue their growth ttRck towards pastoral licensing. Conducted several An-person member gatherings to strengtheii the community, connection, and relationships within the church and altra¢t new m¢mbers. . Baptised severaj new con£regatiDn members and dedicated mY new babies to God. . Pastoral staff conducted several weddings over the course of the year. . UK & Germany regional conference, which toolc place in Manchester. We saw many members from the region ome together, whi¢h allow¢d them to build new relationships and receive direction on where God is leading the r¢gion. Publlc benéJ71 The Charity ackniowledges its requirement to detnonstrate clearly that it miist have cliaritable purposes or'aims, that are for the public benefit. Detai15 of liow tlie ¢harity has a¢heived this are provided in the Trustees, report. The Trustees confirin that diey have patd du¢ regard to the Charity Commission's giiidanrk on public beiiefit before deciding what aGtivtti¢s the Gharity should undertalce. Page 4
Victory Outreach Manchester Trusteesl Report The tiustees confirm th&t they ht¥ve complied with the requirements of sectioi) 17 of the Charities Act 2011 to have due regard to die public benefit guidance piiblished by the Charity Commission foi. En8lalld and Wales. FinxnciAI revie Total income in the year was £411,435 (2024: £428,468) and total expenditure £401,566 (2024: £415,924). This has generated a surplus of £9,869 (2024: £12,526). Principulfund¥ng sources The charity relies Oll voluntwy income as its Plillcipal source of fijndityg, Tot donations amounted 10 £290,539 (2024.. £318.869). Income from charithble activities amounted to £111,256 (2024., £102,236), Income fiDm activities for generating funds amounted to £6,047 (2024". £4,606). Pollcy on reservas Th¢ Triistees havc Gonsidered the level of reserves they wish to retain appropriat'e to the charity's needs. Tliis is based on the charity's size and the level of financial coiThnitments held. The Trustees aitn to ensure the charity can to continue to fulfil its oharitable objectives even if there is & temporary shortfall in income or unexpected expenditure, The Trustees will endeavour not to set aside funds iinThec¢ssarily. Page 5
Victory Outreach Manchester Trusteesl Report PIAns for the year aheAd 2025-26 Plans for 2025-26 are to continue the core delivery of Bervices In-house alld online while establishing an enhanced le84dership structtire for the church's continued growtb. As we have received a high level of new Jnembership, we feel it is es5entiaJ to provide a Vety of trainiug lif¢ groiips to establish their Cl]ristian journey. We will also continue to explor¢ opporlunities to exp&iid th¢ ininistry aGross the regio in¢luding IT¢la, Wales and Europe. E88ential items on the agenda for next year are a8 follows., Rennovation of tlie new men's home purchased to expand our 8UPPOrt for mell in need, which is in addition to the oiie we now own mortgage free. PromotiThg the Vision Partners" pyogratnme, to engage ciirrent donors and encourage more individuals and busiiiesses from outside the Ghurrh to paTtll witli ow. Chlty finanGially and tlu'ough volunteering. Providing fmance workshop events to ¢xplor¢ simple, faith-groiinded principles for inanaging money wisely including biidgeting, saving, spending intention and planning for the future. Continuiiig the "Pipeline" biblical education system, providing professional and tailored classes for members of our church. . Lvlunching 10 n¢w City Groups across Manchester to connect witb metnbers of the congregation in those areas and to r¢aEb each town in Manchester. Continuitig cor¢ s¢rYi¢¢s botb ill-persoll and onlille. illcluding prayer Meetings. Bible teachings, and life groups. . Upgrading technological capabxliti¢s to aG¢ommodate our growing membership. ty Intensifying efforts to secure ftiThdiLig through innovative strategies and comrnuiiity-driven initiatives like th Run4Hope ¢vent. • Expanding ministry rea¢h into Ireland and other regions, ¢stablishii]g Thew centres whetE needed, . Supporting the new Victory OuttYa¢b ChiCh plant in Sweden. • Maintaining and enhance parlnerships with prO£s1onal5 and volunt¢ers, ensuring th¢ ¢harity'S groM¢h and resilien¢¢. • Run for Hope (R4H) which will allow us to ¢onnect witb the ¢ommunity once ag&in througb tbis event and to support people willing to tske part - as an ongoing fundraising initiative for ministy development which has mobilised hundreds of people to raise money for reaching vulnerable people rosS the UK. We will continue the in-persou and onlin¢ t¢a¢hings as part of our r¢gular a¢tiNitie8, including nwriage teachings, relationship teachings, leadership teaching, pareThtiThg training, Bible teachings, life groups, VETI - theological training> pray times (WedneSdayridaY1saturdaY), regional conferences for men, women and Idren, dan¢e and performing arts classe8 for Next Gen. Page 6
Victory Outreach Manchester Trustees, Report Continue to n]f4intain wntaGt with Gon'¢gatio11 fll¢mb¢rs via In-p¢0 serviG¢s/m¢¢tings, WlialsApplZoom/ tel¢phon¢lemaAI, and visits wh¢n nec¢ssary. New Trustees are being recruited to join the board. New Structures are being developed in term5 of growtb plallning and policieB and procedures are continu&lly being updated. Trustees and officen The ttllstees and officers serving during the ye. ]d since the year end were as follows., Trustees.. Mwmoyo C Mason (resigned 25 MCh 2025) N Tetteh E Ojo (appointed 16 April 2025) Structure* governaiite and management Nalure ofgoverning document The governing document is a CIO Foundation Registered 16th June 2016. OrgunisatioHal strHcture Ther¢ 18 a Board of Triist¢¢s who m¢¢ls regularly to make strategic decisions a8 well as a Business Executive Management Team. made up of Senior Pastoral Team and key Seiiior Staff of the chiirch charity whick holds i'egular weekly busin¢ss m¢eting8 for the day to day operatiolls of the chur¢h charity. As the chUh 0W5, apa¢ity is b¢illg built with exp¢rtS ill finallce and admiiiistration alongside identifying young talents for the fLiÉure direction of the charity. Mojor r£skn rtnd mAnagghtÉAt of thosÈ rlsks RiskA&sessMe17t The Trustees actively review the significant rislc5 the charity faces regularly and believe that maintaining the free reseryes stst¢d, combined with the ieview of controls over ci'itical fancIaL syst¢ms carried out on all at)nual basis. WAII provide sufficient resources iii the event of aifverse conditions. The Tnistees have also examined otlier operational and business risl(s that they face and confirm that they have estsblished systems to niitigate tlie significant risks. Statement of trustÈes' rÉgponsibilfities Th¢ tKust¢¢s (who ar¢ also th¢ directors of Victory Outreach Manchester for the purposes of compony law) are responsible foi. preparing the Érustees, i'¢port and the financial ststements in ac¢ordan¢e with appli¢able l&w and United Kingdom AGGounting Standards (United Kingdom Generally A¢¢ept¢d A¢rounting Pra¢ti¢e), including FRS 102 "The Financial Reportiiig Standard applicable in the UK and Repiibli¢ of Ireland Cotnpany law requires the tru5te¢s to prepare financial statements for each fjnan¢ial year. Under ¢onTrpany law the trustees must not appi'ove the filncial statements unless they are satisfied that tliey give a ti'ue a]id fair view of the state of affaii's of the charitable Company and of the incorning iEsources and application of resource5, in¢ludirng its in¢om¢ and exp¢nditure, of the clwitable company for that period. In preparing these fInanGial stat¢m¢nts, the trustees are required to: select Suitable a¢Gounting policies and apply them consistendy, observ¢ the method8 alld principles in tile Charities SORP. Page 7
Victory Outr¢ach Manchester Trusteesl Report make judgemellts and ¢stimates that are i'easonable and prudent. state whether appli¢able a¢¢ountillg standards, ¢oinprising FRS 102 have been followed, subject to ally material d¢partur¢s disclos¢d and explained in the fin1claI st&tements' and prepare the finallcial statsm¢nts on the going Concei basis ullless it is inappropi'iate to pre8uine that the Ch'Itable company will continiie in business. The trusÉees are responsible for Iceeping proper accounting records that can disclose with reasollable acwrncy P6t any tinie the fInancial position of the charitabl¢ rnpanY &nd ¢nablc them to ¢nsur¢ that the fmancial Statements comply with the Compallie5 Art 2006. They are also responsible for safeguarding the agsels of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other IesUlarltteS. The trnstees are responsible for the maintenance and integrity of the coi'porp¢te And fInl¢la1 iiifortM&tioll included oil the ¢haritabl¢ ¢ompany's website. Legislation governing the preparation and di8semiiiation of financial stat¢m¢nts may differ from legislatloll in other JilS1QtiOns. The atmual report was approved by the tru8tees of the charity on 31 March 2026 and Signed on its behalf by.. Mwmoyo Trustee Pag¢ 8
Victory Outreach Manchester Independent Examiner's Report to the trllstees of Victory Outreach Manchester (Ithe Company,) I report to the charity tsustees on my examination of the accounts of the Cotnpany for the year ended 31 May 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of ¢otnpally law) you ar¢ re5pon8ible for the prop8ration of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited Ulld. PaTL 16 of the 2006 Act and are eligible for independent examination, I roport in re8pect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'}, In canying out Jny exan]ination I have followed the Directions given by tho Charity Con)tnission wider section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a n]ember of a body listed in section 145 of the 2011 Act. I conthm that l atn qualified to undertake the examination because I am a Member of , which is one of the listed bodies. I have completed my exanination. I confirnl that no matters have come to my attention in coDnection wittL the exami]tIOn giving me cau8e to believe,. accounting records were not kept in respect of Victory Outreach Mmchester a8 r¢quired by section 3 86 of Ihe 2006 ACL. or 2. the accouits do not 8Gcord wittL those recoi'ds. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter ¢onsidered as part of an independent eXaInatiOn. or 4. the accounts have nol been Prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing tbeir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Treland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be itrawn in this report in order to enable a proper understanding of the accounts to be reached. Paul Roper McKellens Limited Chartered Accountants I l Riverview The Embankment Business Park Vale Road Heaton Mersey Stoclwort SK4 3GN Date., 311)(I Page 9
Victory Outreach Manchester Statement of Finallcial Activities for the Year Ended 31 Ivlay 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted fllnds Restrlcted funds Total 2025 Note Income *nd Endowments from: Donations and legacies Charitable activities Other trading activities Investtn¢nt jnGom¢ Other income 267,721 21,140 5,722 132 159 22,818 90,116 325 2,802 500 290,539 111,256 6,Q47 2,934 659 Total income 294,874 116,561 4L1,435 Expendlture on: Raising funds Charitabl¢ activities Other expenditure Total expenditiire Net lncotnel{expenditii) Transfei'8 between ftmds (2,670) (138,289) (140,580) (1,490) (72,079) (46,458) (4,160) {210,368) (187,038) li (281,539) (120,027) (401,566) 13,335 22,013 (3,466) 22,013 9,869 Net movement in fiEnds (8,678) 18.547 9,869 ReeoncilAation of funds Total fuiids brought forward 107,095 218,698 325,793 Total funds caled fonvatd 23 98,417 237.245 335,662 The notes on pages 13 to 27 forni all integral part of these financial Statements. Page 10
Victory Outreach Manchester Statement of Financial Activities for the Year Ended 31 May 2025 (Includillg Income and Expenditure Account and Statement of Total Recognised Galns and Losses) Yefir ended 31 LlQiy 2024 Restricted TotAI funds 2024 Unrestricted funds ote Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income Other incom¢ 301,270 22.120 17,599 80,116 2,541 2,513 318,869 102,236 4,606 2,516 241 241 Total income 325.699 102,769 428,468 I xpenditure on: Rvdising funds Charitable activities Other expenditur (8,356) (162,007) 159,848 (6,734) (43,837) 35,160 {15,090) (205,844) 195,008 li Total expenditure 330,211) (85,731 (415,942 N¢t (exp¢nditure)/ill¢ome Transfers between fiinds (4.512) 13,747 17,038 (13,747) 12,526 Net movement in thnds 9,235 3,291 12,526 Reconciliation of funds Total funds brougbt forward Total funds GTi¢d fonvard 97,860 215.407 313,267 23 107,095 218,698 325,793 All of tbe cbarity's activities d¢rive frotn Continuing operations during tbe above two periods. The funds breakdown for 2024 is shown in note 23. Th¢ not¢s on pag¢s 13 10 27 form an integral part of th¢s¢ fjndncial statements. Pagell
Victory Outreach Manchester (Registration number: 1167670) Balance Sheet as at 31 May 2025 2025 2024 Note Fixed assets Tangible assets 17 159,708 169,205 Current &ssets Debtors Cash at bank la in hand Is (1,773) 223,375 221,602 27,970 214,672 242,642 19 Creditors: Amount5 falling due within one year 20 69,439 Net current assets 185,120 173,203 Total assets Icss ¢urre]]t liabilities 344.828 342,408 Creditors: Amoullts falling due after mor¢ than oll¢ year 21 (9,166) 335,662 16,615 Net assets 325,793 rlunds of tbe th#rity: Restricted ineom¢ funds Restri¢t¢d funds 237,245 218,698 Unrestricted income funds Unrestricted funds 98,417 107,095 Totsl funds 23 335,662 325,793 For th¢ fillanGial year ending 31 May 2025 the charity was entitled to exemption from al1t undei section 477 of the Compan1 Ath 2006 r¢lating to small cotnpanies. Dir6th1's' r¢5ponsibilitl¢S', The m¢mb¢rs bave not required the chlty to obtain an audit of its accoimts for the year in question in accoi'dance witli sectioii 476,. alld The directoi's acknowledge ttL¢ir responsibilities for complying with the requiretnents of the Act with respect to accounting re¢oYd8 and the preparation ofarGoiint5. The fmanGial statements on pages 10 ÉO 27 were approved by the trustees, and authorised for issue on 31 March 2026 and signed on their behalf by: Mwmoyo TTUSte¢ The notes oi) pages 13 to 27 fortn all integral part of these financial 8tstements. Page 12
Victory Outreach Manchester Notes to the fiinancial Statements for the Year Ended 31 May 2025 I Charity status The prin¢ipaL pla¢¢ of busin¢ss is,. 19 Liverpool Street Salford M5 4LY These fll)aJcial statem¢nts were authorised for issu¢ by th& trnst¢¢s on 31 NlarGh 2026. 2 Accounting policies Sllmmary of glgnlflcant IlCCOlllltlng polic1 And key Accounting estimAtes The prin¢ipal aocoullting policies applied in the preparation of these fillancial statements are set out below. These policies have been consistently applied to all the Yea presented, unless otheVise stated. Statement of copIlne¢ The financial stateinents bave been prepared in accordance with Accounting and Reporting by Clwities: Statement of Re¢omin¢nd¢d Pra¢ti¢e (applicable to charities preparing their aocounts in aordan¢¢ with tbe FAllan¢ial R¢portlllg Standard applicable in the UK and Republic of Irekalld (FRS 102)) {Éssued in October 2019) (Charities SORP (FRS 102)), tlie Financial Reporting Standard applicable in the UK and Repiiblic of Ii'eland (rRS 102} wid the Coinpaniey Act 2006. BasRs of prepar4tAon Vi¢tory Outreach Mancbester me¢ts tbe definition of a public benefit enl'ity under FRS 102. Assets and liabilities are initially recogllised at historical cost or transaction valiie unless otherwise stated in the relevant accounting policy notes, Going eoncern The trustees consider that there are no materi&l uncertainties about the Gharity's ability to continue a5 & going con¢ern nor any Si8llificant areas of unceitainty that affect the ¢arrying value of assets held by the charity. Exemption from preparing a cAsh flow statenient The charity opted to adopt Bulletin I published on 2 Febi'LWy 2016 and have therefoi'e not iiicluded a Gash flow statement in these financial statements. Income And endowmentB All income is recognised once the ch9Jity has entitlement to the income, it is prob&ble that the inconie will be received and the amoullt of tbe income receivable can be measured reliably. Donrttions and legociay Donp4tions are recognised when the charity has been notified in writing of both tbe amount and settlement date. In th¢ ¢V¢llt that a donation is subject to conditions that require a level of perforrnallce by the charity before tbo ¢harity is entitled to the funds, the income is defertrd and not recognised until either those conditions are fully mel or the fulfilment of those Gonditions is wliolly within the routrol of the Gliarity aiid it 15 PTobable that these onditions will be fulfilled in the roporting p¢riod. Page 13
Victory Outreach Manchester Notes to the FinancAal Statements for the Year Ended 31 May 2025 GTanls receivable GLznts are recogiiised when the Charity ha8 an Biititlgtn¢nt to th¢ fimds la any ¢onditions linked to the grants have been met. Where performance conditions are atta¢hed to the sraiit alld ar¢ yet to be met, the incorne Ts recognised as a liability ]d included oil the b&lance slieet as deferred income to be released, InvlMent ineome This is incliided in tbe accounts when receivable. Othér Iptcome Gifts in kind are accounted foT at a reasonable estitnate of tlieii. value to the charity or the ainount actually realised. Gifts iii kind for s8le or disti'ibution are included in the accouiits as gifts only when sold or distributed by the Glllwity. Gifts it) killd for iise by tbe clwity are included in tlie SOFA as incoming r¢soLw¢es when receivable. Donated services alld faciliti6s only in¢lud¢d ITh incoming resources (with an equivalent amoiwt in resoiiTC¢S expended) where tlie benefit to tlie ch'lty is reasonably quantifiable, m¢¥surable and material. The value placed on these resources is the estiinated value to the charity of the service or facility received, Expeiiditure All expenditure is recognised oiiGe there is a l¢gal or ¢oiistructiv¢ obligation to tbat expei)diture, it is probable settlement is required aid the llouLt oan be meaguiyd ieliably. All costs e allocated to the applicable expenditiire headillg that #ggregate sirniler costs to that. category. Where costs cannot be directly attTibiited to particular heading5 they have been allooated on a basis ronsist¢nt with the i¢ of $OueS, with central staff costs allocated on the basis of time spent, deprgGiatioll Gharg¢s allocat¢d on tbe portion of tbe asset's use. Other support costs are allocated based on the spread of staff costs. Raislngfvnd Thes¢ are costs incurred in attTa¢ting voluntary income, the management of investments and those incutyed ITh trading activities that raise funds. Churitnble activities Charitable expenditure Comprises those costs incutTed by the charity in the delivery of it5 activities &nd serYi¢¢s for its beiieficiaries. It includ¢s both Costs that can be allocated dire¢tly to such activities and thos¢ ¢osts of an indirect nature necessary to support them. Gr¢ml pendItUre Where the charity gives a grant with ¢onditions for its paynent being a specific level of service or oiitput to be provided, such grants are only recognised in the SOFA oiice the recipient of the grant has provided the specified, Grattts payable without performance conditiolls are recogllised in the accounts when a commmilment has been made and there are no conditions to be met relating to a grant which ren1 ill control of the Gharity. Support costs Siipport costs include ¢entszl nCtiOns and have been allocated to activity cost Gat¢gories oil a basis wnglstent with the use of resour¢e8, for example. allocating property costs by floor areas, or per capiA gtaff costs by the time spent and other co¢cs by tlieir usage. Page 14
Victory Olltreach Manchester Notes to the Financia] Statements for tELe Year Ended 31 May 2025 Governance costs These include tb¢ costs attributable to the Charity's ¢omplian¢e with ¢onstittitional and slatutory reqiiirernents, incliiding the prepatation and independent exnInatIon of the statutory accounts, strafrgic management trustees meetings and cost of any legal advice to trustees on governance or oonstithtional matters, TRX%tion The charity is considered to pass tlie tests set out in Par48raph I Scljedule 6 of the Fin)¢¢ Act 2010 and therefore it meets the defthition of a Charitable ¢ompwy foi, ¢orpor&tioii t&Y purposes. Accordingly, the charity is potentially exempt fi'om taxation in respect of income oi. CP¢Pital gains received within c8tsgoi.ies covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the TatIOn of Chargeable Qains Act 1992, to the ekrtent that such income or gaills 'e applied exclusively to charitable purposes. Tangible fixed assets tlldividual fixed a8sets costing £500.00 or mole initially recorded at Cost, less any sub&equent accutnulated depreciation and subsequent accumulated impainnent losses. Depreciation and amortisAtion Depreciation is provided on tangible fixed assets so a5 to wrik off the G05t or valiiatiotL less any estimated residual value, over their expected i¢fill ¢¢onomi¢ Jif¢ as follows.. Asset cliss Gener&1 eqiiipm¢iit Fixtures and fittings Motor vehi¢les Depreeiatlon method and rate 250/1 straigbt line IOQ/u Straight line 25 % reducittg balance No amorÈisatiOll is Gliarged to fr¢¢hold property as the property is maintained to sucli a Stdard that the estimated residual value is not less than cost Fr¢ehold property Trade debtors Trade debtsirs are ainounts due from customer8 for rnerGhandise sold or services performed in the ordiiiary colle of busine88. Trade debtors are recognised iiiitially at tlie transaction pri¢e, They are subsequently Mured at amortised cost using the effective interest inethod, less provision for impaArm¢llt. A provision for the impairment of trade debtors i5 established wbeii there is objective ¢vidence that tb¢ ¢lwity will twt b¢ able to collect aLI amounts due according to the original ternis of the receivables. Cash and cash equivAlents Cash and cash equivalents comprise Cash on h&nd and call deposits, and other short-teiin highly liquid investtnents that are readily convertible to a known amoiint 0£ cash and are subject to an ii)sigftifi¢ant risk of change in value, Page 15
VKctory Outreach Manchester Notes to the Finallcial Statements for the Year Ended 31 May 2025 TrAde creditDrs Trade creditors ar¢ obligationy to pay ft>r goods or services that have been acqull'ed in the ordinary courJ¢ of business from suppliers. Ac¢outtts payable al'e classified as CUiTent liabilities if the charity does not have an unconditional rigl)t, at the emd of the reporting perio( to defer settlen]ent of tbe edItor for at least twelve onths aftei the reporting d&te. If there is an iinconditional right to d¢f¢r settlement for at least tsvelve inoiitlis aft¢r th¢ reporting date, they are presented as non-CUlTent Liabilities. Trade Creditors are recognised initially at the tranStiOn price and subsequently measured at amortlBed Gost using the effective interest metbod. Borrowlngs Interest-be&ing borrowings are initially iecorded at fair valu¢, net of transaction costs. Iiitei'est.bearing borrowings are subseqiielltly carried at amoitised cost, witli the difference between the proceeds, net of transaction costs, and tlie amount diie on redeniptioTh being r¢¢ogni8ed as a charge to tb¢ Stat¢m¢nt of Financial Activlties over the period of the relevant borrowing. Interest expense is recognised on the basis of tlie ¢f£tIve interest method and is included in inter¢st payable and similar Gharges. Borrowings are classified as current liabilities unle55 tli¢ Charity has an imconditional right to defer s¢ttletn¢nt of the liability for at least twelv¢ months aft¢r the r¢portin8 date. Fund structure Unr¢strt¢ted fullds ¢an be used for the general Dbjeotives of ttL¢ charity as set out in the trustees, report. The movemeiits of the wirestricted funds hre given in the Sl'atement of Financial Activities. Designated funds are funds set aside by the trustees out of iinrestricted general funds ring fenced for particular purposes or Projects. Restiicted income funds are tbose donated for use in a particulaT area or for 5p¢Gifi¢ PLirposes, the use of which is restricted to that area or purpose. These restrictiorjs often gxis¢ a8 a result of the regiilar appeals for special offerings and specific donations. Pensions and other post retirement obligations The charity operates a detined ¢ontiiblltion pengioll scheme which is a pension plan under wliich fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay thrther ontributions ev¢n if tb¢ fund does not hold sutYEcient assets to pay all ¢p10Ye tbe benefits relating to employee service in the oiin'ent and prior periods. c0ntribiitio to defined contribiition plang are iecognised in the Statement of Financial Artiviti¢s when they aye due. If Contribution payments ¢x¢¢¢d the Contribution diie for seLwice, the excess is recognised as a prepayment, Page 16
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2025 3 Income fronl donitlons glld legAele8 Unrestricted funds General Restricted funds Totsl 2025 Total 2024 Donatioiis and legacies. Donations from ¢ompani¢s, trusts and siinilar proceeds Donations from inilividuals Gift aid rerlaimed Grants, including capital grat]ts' Grants fiY)m other charities 17,921 519 4,378 17,921 222,219 35,899 221,700 31,521 272,417 34,952 14,500 14,500 11,50Q 267,721 22,818 290,539 318,869 4 Income from charitsblc a¢tivities Unrestricted fund5 General Restricted funds Total 2025 Total 2024 Run4Hope Rent receivable Unitsd We Can 39,651 39,651 21,140 50,465 7,536 22.120 72.580 21,140 50,465 21,140 9D.116 111,256 102,236 Page 17
Victory Outreach Manchester Notes to the Financial Statemellts for the Year Ended 31 May 2025 5 Income froin other tr2dfing a¢tlvlties Unrestrictsd funds Gelle1 Restricted funds Total funds Totsl 2024 Trading income. Saleg of goods )d services Otber trading income Events iThcome; Other events income Local fundraising and street eolle¢tioii income 260 260 782 490 3,089 782 4,914 65 4,979 104 26 26 923 5,722 325 6,047 4,606 6 Investment income Unrestricted funds GenerAI R¢stric¢ed fwids Total 1025 Total 2024 Interest receivable and similar iiicome, Illt¢st receivable on bank deposits 132 2,802 2,934 2,516 7 Oth¢r inco¢ Unrestrlcted funds General Restricted funds Total 2025 Total 2024 Fees and siipplies 159 500 659 241 Page 18
Victory Outreach Manchester Notes to the Financivdl Statements for the Year Ended 31 May 2025 8 Expenditure on rnlslng funds a) Cost5 of generating donations and legacies Unrestri¢ted funds General Restricted funds Total 2025 Total 2024 Note Donatlons 1,588 490 2,078 12,885 b) Costs of trading xetivities Unrestriftsd funds Gelleral Restricted funds TotAI 2025 Tot#1 2024 Note Costs of goods sold I,Q82 1,000 2,082 2,205 l.a82 1,000 2,082 2,205 9 xpendltllre on charitable aetivltftes Unrestricted funds General RtrACted fllnds Total 2025 Total 2024 Note Services, teaching, hospitality and pastoral Events Support for other Victory OutreaGh chllT¢hes Staff cosls Governance costs 12.861 15,368 12,201 17,304 25,062 32,672 22,361 6,678 536 103,516 6,008 33,637 5,102 3,835 34,173 108,618 9,843 24,115 135,942 16,748 io 138,289 72,079 210.368 205,844 In addition to the expenditure lalySed above. there ar¢ also govertLance costs of £9,843 (2024 - £16,748) which relate directly to charitable activities. See note 10 for further details. Page 19
Victory Outreach Manchester Notes to the FAnancial Statements for the Year Ended 31 May 2025 10 Analysts of governance and support costs Governanco costs Unrestricted funds General R&8trleted funds Total 2025 TotAI 2024 Independeiit examiner fees Examination of the financial statements Other fees paid to examiners Other governance costs 656 591 285 264 3,286 941 855 8,047 1,385 14,355 1,008 6,008 3,835 9,843 16,748 11 Other expenditure Unrostricted funds Ceneral Restricted funds Totsl 2025 Total 2024 Note L¢gal & piDfessional fee5 Rent & rates Depreciatioffj amortisation and other sitnilar costs Utiliti¢s Travel & subsistellce rr costs Equipment & maint¢llan¢¢ Geueral cxpeiJse5 Insui'ance Bank charges & interest 4,549 49,285 14,402 950 18,951 50235 10,117 50.002 12,619 22,934 8,368 2,744 20.433 8,959 4,996 5,693 140,580 134 12,753 22.934 38,512 2,744 20.433 9.559 4,996 5,921 10,660 22,781 33,145 4,158 18,852 34,929 4,508 5,856 30,144 600 228 46,458 187,038 195,008 Page 20
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2025 12 Net Incon)lllgloutgoing resoure Nct outgoing for th¢ ycar include: 2025 2024 Depitciation of fixed assets 12,753 10,660 13 Trustees remuneration and expenses During the year th¢ Charity inadc th¢ following transactions with tte¢s. S lcowalezyk S Kowalczyk was a triist¢¢ of th¢ Ch'Lty d'itig 2023124. During that Ye slie p&id expenses behalf of the clwity totalling £7,403 and wlls reimbui'sed for tliis expenditure. No tstee5, nor ally persons connected with them, have received any remuneration from the clwity during the year. No tnte¢S have re¢eiv¢d any oth¢i' b¢nefit8 froill tlie charity diiring the ye, 14 StaftT costs The aggregate payroll costs were as follows.. 2025 2024 Staff e05ts during the year were: Wages alld salarie5 Social security costs Pension costs OtEL¢r staff rosts 99,287 3,146 2,676 3,509 122,768 4,359 3,245 5,570 108,618 135,942 The ittontbly average numbei, of persons (incliiding senior management I leadership tsam} ¢mployed by the charity dLiring the year expressed as full time equivalents was as follows.. 2025 2024 Raising hnd5 aiid ¢haTitable a¢tivities Others - SUPPOrt 4 (2024 - 5) of the above employees participated in the Defined Contributioii Pension Scliemes. Contributions to the employee pension schemes for the year totalled £2,676 (2024- £3,245). No employee r¢¢¢iv¢d emoluments of mor¢ than £60,000 during th¢ y¢ar. Page 21
Victory Outreach Manchester Notes to the Flnallcial Statements for the Year Ended 31 May 2025 15 Indep¢ndent examiner's remuneyation 2025 2024 Exarninalion of the fman¢ial statsments 941 1,385 Other fees to exAminers All other services 855 14,355 16 Taxation The charity i& a registsred charity and is therefoir exempt from taxation. 17 Tangible fixed assets Land and building5 Furnl¢ure and equipment Geneyal Equipment Motor vehicles Total Cost At l June 2024 Additions 129,000 18,375 2,377 12,300 81,846 879 241,521 3,256 At 31 May 2025 129,000 20,752 12,300 82,725 244,777 Depreei8tion At l June 2024 Charge for the year 9,292 1,820 3,844 2,114 59,180 8.819 72,316 12,753 At 31 May 2025 11,112 5,958 67,999 85,069 Net booli value At 31 May 2025 129,000 9,640 6,342 14,726 159.708 At 31 May 2024 129,000 9,083 8.456 22,666 169,205 18 Debtors 2025 2024 Trade debtors Prepayments Other debtors 1,276 878 3,927) (1,773) 550 28,698 (1,278 27,970 PaBe 22
Victory Outreach Mallchester Notes to the Financial Statenients for the Year Ended 31 May 2025 19 Cash And cash equivalents 2025 2024 Cash on hand Casb at bank 75 223,300 75 214,597 214,672 223,375 20 Credltorg: amounts falllng due wltbln one year 2025 2024 Banlc loans Trade creditors Other oreditors Pension scheme ¢rEditor Accruals 9,231 7,330 9,136 1,970 8.815 8,892 43,781 11,731 689 4.346 36.482 69,439 Page 23
Victory Outreach Mallchester Notes to the Financial Statements for the Year Ended 31 Ilqay 2025 Bank borrowings The l(illgdom Ban1( Mortgage is denominated in steiling with a nominal interest rate of 6.50/0 (2024 . 7.5 %), and the final instalinent is diie Oll 9 August 2027. The catTying amounl at year end is £18,064 (2024- £25,571). The mortgage with Kingdoin Bank was used to purchase a sober livi1 home for men. The original amount of the loan was £IOO,000 repayable over 20 yeats. The home is iised by related charity Project 67 with rent payable as disclosed in the related p&ties note. 21 Credltors: amounts falllng due after one year 2025 2024 Bank loans 9,166 16,615 22 Obligotions under leases and hire purchas¢ eontrncts OperntirAg lease commitments Total ftiture minirnum lease paymellts under non-oancellable operating leases are as follows.. 2025 2024 LAnd and buildings Within one y¢ar Bettveen one and five years 49,000 73,500 49,000 122,500 122,500 171,500 Other Within one year Between one and five Ye.9 7,658 3,478 11,136 7.658 11,136 18,794 Page 24
Victory Outreach Mydnchester Notes to the Financial Statements for the Year Ended 31 May 2025 23 Fund8 B#lan¢e at 31 MAY 2025 BalHnee at I June 2024 llleoming resources Resources expeiided Transfers Unrestriet¢d funds GeneraI 107,095 294,874 281539) 22,013 98,417 Restricted Funds United We Can Building Fimd Other Rests'iGt¢d Donations Community Wrdparound ServÉces 172,258 40.827 44 115,085 (116,948) (1,983) (962) 22,013 192,408 39,256 146 1,064 5,569 (134) 5,435 Total Restricted funds 218,698 116,561 120,027) 22.013 237.245 Total lullds 325,793 411,435 401,566 335,662 B814n¢e At 31 May 2025 BAlance at I June 2024 Ineoming resourees R¢sources expended Transfers Unrestri¢t¢d funds Gell¢rai 97,860 325,699 330,211) 13,747 107,095 Restricted Funds United We Can Building Fund Other Restricted Donatioi)s Commiinity Wraparound ServiG¢s L65,847 40,604 395 86,130 223 l6,416 {79,719} 172,258 40,827 44 {3,020) (13,747) 8,561 (2,992} 5,569 Total Re8trficted Iullds 215,407 102,769 (85,731) (13,747) 218,698 Total funds 313,267 428,468 (415,942) 325,793 Page 25
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 May 2025 The specific purposes for wliich the funds are to be applied are as follows,, The Unitsd We C} fimd is to be used for plallting new churches in the UIC Europe and siipporting thern in their early years. It is also used for paying the knvel costs of Victory Outre&ch Manchester's pastors serving tlie worldwide Victory Oiitreach Church and funding a sn]all proportion of certaiii charity overl)eads, The Building Fund is for the purchase of a new building to be used as a sober living facility. The ComLniuuty Wraparound SerYi¢es fLilld is used to provide help and support for th¢ local community. Other Restricted Donations includes: donations given through th¢ Thyee Peaks Challenge to raise money funding attettdance at an internatiotul coiiferenee - don&tAons giv¢ll to support yotmg adults to attend the training at Urban Training Centre in Ameiica - donations given as an anniv¢rsaiy gift to olle of the founding Jnembers of Victory Outreach - donations to purchase new sound and lighting equipment. The trallsfer fmm unrestricted funds to United We Can represents the regul. tithe from Victory Outreach Mancliester to the United We Can fund. 24 AnAlysis of net assets between funds Unrestrlcted funds General Total funds at 31 May 2025 RestricL¢d fid$ Tangible fixed a55ets Curpent assets Current liabilities Creditors over l year 159,708 (15,643) (36,482) (9 166) 159,708 221,602 (36,482) 9,166 237,245 Total net assets 98,417 237.245 335,662 Unrestricted funds General Total funds At 31 MAY 2024 Rwtrieted funds Tangible fed assets Current assets Ciirrent liabilities Creditors over l year 169,205 23.944 (69,439} 16,615 169,205 242,642 (69,439) 16,615 218.698 Total net ass¢ts 107,095 218,698 325,793 Page 26
Victory Outreach Manchester Notes to the Financial Statements for the Year Ended 31 Mydy 2025 25 Related party transaetions During the year the charity made the following Telated party transtiOns. Project 67 In Novembei. 2020 a new Charitable Incorporated Oiganisation (CIO) was regist¢r¢d as Proj¢¢t 67 (Chw'ity number 1192263) which took Oll the responsibilities of the Homes (sober living facilities) tliat had been part of Victory Outreach Manchester, T&¢ ¢harity pi'ovides a house to be used by Project 67 as a sober living farility for men. Rent paid by Projert 67 to the charity during the year was £11,700 (2024,. £9,990). Victory Outreaoh Manchester gave & dollation of £llil (£2024.. £4,088) to Project 67. E Curtis is employed by Victory Oiilreacli Manchester and is a thiBtee of Project 67. At the balance sheet date the amoui)t due to Project 67 was £8,958 (2024- £10,128). Community Chonge Programme P Ll(yyl an ¢mployee of th¢ chatity, is & trustee of the Community Chtmge Programine, & Charitable Incorporat¢d Orglistion supporting p¢ople afEectsd by alGoliol attd substance addiction. During the year, the charity made donations of £681 (2024: £191) to Community Change Programme At the balance sheet date tbe aniount due Éolfroin Comn]unity Change Pi'ogramme was Wil (2024 . £Nil}. Chur¢h¢s planted by the ¢harity Victory OLitreach Manchester planted a nuniber of other Victory Outreach churches. The charity gave £34,173 (2024: £24,115) to churches planted by the charity At the balance sheet date the amount du¢ lfr01ll ChurGh¢s planted by th¢ Gliarity was £KIl (2024 - £Nil), L Lloyd Close relative of P Lloyd and V Lloyd, pastors of Victory Outreach Manchester One of the young adults being supported to atteiid the Urban Training Centre is L Lloyd. This support lias been provided at the same level as foi otber itidividuals At the balance sheet date the amount due tolfrom L Lloyd was £Nil (2024- £Nil). Page 27