## **VICTORY CHRISTIAN CENTRE** (ASSEMBLIES OF GOD) ## **BRACKNELL** ## **TRUSTEES REPORT AND ACCOUNTS** Prepared by: Kaxton Advisory Apostles Continuation Church Int. UK 2 **VICTORY CHRISTIAN CENTRE** **21 CLAYTON GROVE BRACKNELL BERKSHIRE RG12 2PT** HarrowMiddlesexHA1 1 rlel Akom Allkobrey ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VICTORY CHRISTIAN CENTRE - ASSEMBLIES OF GOD, BRACKNELL** I report on the accounts of the Church for the year ended 31[st] December, 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 8 to12 This report is made solely to the Trustees Board in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church’s trustees for my examination work. ## **Respective responsibilities of Trustees and Examiner** The Church’s trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed. It is my responsibility to: - Examine the accounts (under Section 145 of the Charities Act); - To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act); and - To state whether particular matters have come to my attention. ## **Basis of Independent Examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. 6 Independent F.xaminer's st41emeDt In ¢onneetion with my examination, no maller has come to my alleiilion.. l. Which gTives iiie reasonabl¢ Lause to bclicvc that in any maierial respect thc requircments ',to keep aLI()Ilnting records in ac¢ordance with Scction 130 of the Charities Alt ;and to prepare account% which accord with the accouiitinb) records and comply with thc acccjuntinby TCqUiTements of the Charities Act have not been m¢l' or 2. 10 u,hich, in my opinioii. atieniion sh(>uld be drawn in order to enable a proper undcrslandinL ofihe accounis to be reached. EMMANUEL ASHJLEY. MSC. ACCA KAXTON AI)VISORY LTD SUITF. 6 THE GF.NERATOR IJUSINESS CENTRE SIIRRfi,Y CR43PH Kaxton Advisory Signed ## **VICTORY CHRISTIAN CENTRE ASSEMBLIES OF GOD- BRACKNELL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023** **----- Start of picture text -----**
2023 2022
General Restricted
Total Total
Funds Funds
£ £ £ £
Note
INCOMING RESOURCES
Voluntary Income 2 57,426 - 57,426 49,698
Total 57,426 - 57,426 49,698
RESOURCES EXPENDED
Charitable Expenditure:
Administration & Management 3 42,360 - 42,360 33,758
Total 42,360 - 42,360 33,758
-
Net Incoming Resources 15,066 15,066 15,940
Movement in Funds
-
Net Incoming Resources 15,066 15,066 15,940
-
Balance brought forward 56,060 56,060 40,120
Transfers - - - -
Balance Carried Forward 71,126 - 71,126 56,060
**----- End of picture text -----**
**8** VICTORY CHRISTIAN CENTRE ASSEMBLIES OF GOD-BRACKNELL BALANCE SHEET AS AT 31ST DECEMBER 2023 2023 2022 N0n-CUr￿nt Assets Fixed Assets 5,871 5,871 Current Assèts Bank (UoydsTSB) I￿estment 4666 21.181 70,000 85.094 95,847 90,965 Creditors= Amount falling due Wrthin 1 year 1,198 Net Current Assets 89.983 844 Creditors: Amount falling due After 1 year 23.523 34,305 Net Assets 71,126 56,061 Funds Generdl funds and reserves 71.126 56,&30 71,126 56.060 Approved bythe board Counu1 on ...I￿o￿a024 .. And signed on its behalf by Trust Trustee ## **NOTES TO THE FINANCIAL STATEMENTS:** ## **1. ACCOUNTING POLICIES** The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP. ## **Basis of Accounting:** The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are show at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. ## **Incoming Resources:** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary Income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognized when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold. Income from investment is included in the year in which it is receivable. ## **Resources Expended:** Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes including the charity’s shop. Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Support costs are those costs incurred in support of expenditure on the objects of the charity and include project management. 10 ## **VICTORY CHRISTIAN CENTRE - BRACKNELL NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2023** ## **2. INCOMING RESOURCES** |**Voluntary Income**
**General Fund**
General Offering
Tithes
Thanks Giving
Donations
Harvest
**Total**|**2023**
**2022**
**General**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
32,762
-
32,762
26,267
15,309
-
15,309
9,580
3,758
-
3,758
4,865
3,448
-
3,448
6,065
2,150
-
2,150
2,921
**57,426**
**-**
**57,426**
**49,698**
**57,426**
**-**
**57,426**
**49,698**| |---|---| ## **3. RESOURCES EXPENDED:** |Rent/ Rates
Donations
Welfare
Pastoral Care
Repairs & Maintenance
Travel & Transport / Fuel
Insurance
Accountancy
Stationery/postage
Instrumentalist
Administration Cost
Telephone / Fax
Evangelism
Youth and Children Programme
Depreciation|**2023**
**2022**
**Management**
**& Admin**
**Restricted**
**Funds**
**Total**
**Total**
**£**
**£**
**£**
**£**
10,192
-
10,192
11,187
4,150
-
4,150
2,190
3,708
-
3,708
3,001
9,110
-
9,110
5,500
517
-
517
316
1,626
-
1,626
633
1,112
1,112
616
599
-
599
599
2,873
-
2,873
3,125
3,011
-
3,011
3,000
2,380
-
2,380
843
218
-
218
326
992
-
992
628
668
-
668
400
1,204
-
1,204
1,394
42,360
-
42,360
33,758| |---|---| **11** ## **VICTORY CHRISTIAN CENTRE - BRACKNELL NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2023** ## **4: FIXED ASSETS** |As at 1st January 2023
Additions
Disposal
Balance as at 31st Deecmber 2023
##
**Depreciation/Rate**
###
As at 1st January 2023
Charge for the year
Balance as at 31st December 2023
**Net Book Value**
As at 1st January 2023
As at 31st December 2023|**Musical**
**Instrument**
**Computer**
**Mini Van**
**Total**
**£**
**£**
**£**
**£**
9,539
1,709
8,444
19,692
-
-
-
-
-
-
**9,539**
**1,709**
**8,444**
**19,692**
4,747
631
8,444
**13,822**
863
342
-
**1,204**
**5,610**
**973**
**8,444**
**15,026**
4,792
1,078
-
**5,870**
**3,929**
**736**
**-**
**4,666**| |---|---| |**5. CURRENT LIABILITIES**
Accountancy Fee
Independent Examination|598
600
**1,198**| |---|---| **12**