2024-12-31-accounts - Victory Christian Centre Assemblies Of God - Bracknell

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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

VICTORY CHRISTIAN CENTRE - ASSEMBLIES OF GOD, BRACKNELL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2024

The trustees of the charity present their report with the financial statements of the charity for the year ended 31[st ] December, 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS:

Registered Charity Number: 1170120

Registered Office: 21 Clayton Grove Bracknell Berkshire RG12 2PT

Trustees: Rev Samuel Boateng Trustee (Chairman) Mr William Opoku Agyeman Trustee Mr Gabriel Akom Ankobrey Trustee

Independent Examiners:

Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH

Bankers: Lloyds Bank 25 Gresham Street, London EC2V 7HN

STRUCTURE, GOVERNANCE AND MANAGEMENT:

Governance

The church is governed by a Constitution and the Church Council, as defined by the Charities Act 2011.

Membership of trustee board:

The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board.

Induction and training of trustees

All trustees are familiar with the practical work of the church and have undertaken training to support their role.

Organizational structure

The Trustee Board meets quarterly and a quarterly branch feedback report is given at each meeting. The Branch Pastor has the responsibility for the day-to-day operational management of the church supported by the Assistant Pastor elected by the branch.

Risk management

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Internal control risks are minimized by the implementation of procedures for authorization of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church

OBJECTIVES AND ACTIVITIES:

Objectives - For the Benefit of the public

a) To advance the Christian faith in accordance with the statement in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit.
b) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counseling and support in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit
c) To advance education in such ways in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit.

ACHIEVEMENTS AND PERFORMANCE:

Achievements :

a) The church maintained its multi-cultural status. Congregants are made of multi-racial people.
b) The worship team has grown in evangelizing through music.
c) Children Ministry is one core focus of the church to help raise future generations of power within the local community.
d) End-of-year service was held for the Church and people from community.
e) The Church continues to support people's spiritual and physical needs within the community and elsewhere.
f) The church continuously engaged in training and education of members through conferences.
g) The church supports education of youth and children by organizing English and Twi tuition classes regularly.

FINANCIAL REVIEW:

Church Finances:

The church finance committee was responsible for the financial planning during the year. The church was able to raise £44,813 and incurred a total cost of £39,234 during the year. This gave a surplus of £5,579 for the financial year. The church council invested the surplus cash in a fixed deposit. Members are encouraged to donate generously to support the church activities.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP).

Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to

Select suitable accounting policies and then apply them consistently;
Make judgments and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far 45 the are awdrffj theTe 18 no relevant iDfonn*ion of which the dwity's iDd¢p¢ndent exami are unawar4 and eacb tsh&S laken all th¢sty thatthey ought to havetsken a8 atr in orderto makethan awatr of any examIOn itrfonnation and the foTthrA)ming Annual lkneral Me&in& On Behalf of the B(w&. Mr Gabriel Aknm Ankobrey 29th Oc¢obcr. 2025.

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, 2024 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.

Independenl Examiner's statement In coniiLLlion wilh my examination, no matter has coine to my attenlion: l. Which gJjiies nic reasonable cause to believe that in any material respect the requirements ll l iio kL'CP (ILLouiilingT fL'Lords in accordanLe wilh Section 130 of thc Charities Act ;and ljto prL.pc accounts which accord with the accounting records and comply with the accountiiigT requircments of the Charilies Act liave iiol been MLI; ur 2. 10 which. in my opinion, aiiention should be drawn to cnable a proper undL'r%landingy of the uccounts lo be reached. EMMANUEL ASHILEY. MSC. ACCA KAXTON AI)VISORY LTD SIIITF. 6 'rFir. c:b.NFRATOR BUSINESS CENTRE SIIRRI,:Y CR4.IFH Kaxton Advlsory Signed:.

VICTORY CHRISTIAN CENTRE ASSEMBLIES OF GOD- BRACKNELL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024

Note INCOMING RESOURCES Voluntary Income 2 Total RESOURCES EXPENDED Charitable Expenditure: Administration & Management 3 Total Net Incoming Resources Movement in Funds Net Incoming Resources Balance brought forward Transfers Balance Carried Forward	General Funds £ 44,813 44,813 39,234 39,234 5,579 5,579 71,126 76,705	2024 Restricted Funds £ - - - - - - - -	2024	2023 Total £ 57,426 57,426 42,360 42,360 15,066 15,066 56,060 - 71,126	2023

VICTORYCHRISTIAN CENTrE &iSSEMBUESOFGOD4RACKNELL BALANCE sHEAsAT3IsT DECEMBER 2024 Note Non-CurrentAssets Fixed Assets 8.521 521 4.666 cuentA$Sèts Bank ILloydsTSB> Investment 14.021 70,000 21.181 70,000 TotslAssots 85,847 Creditors: Amount falllngdue Wlthin l year 1.198 Net CwrentAssets 89.983 Credltors: Amount fatilng dueAfter lyear 14038 23,523 Not Assets n,ts6 Funds General funds and reseNes 76,705 71,126 76.705 n.128 Approved tyth8 brArdCtyJncllL . .... .--. - .....- -.-And so{ Its bghaif ty 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.

VICTORY CHRISTIAN CENTRE - BRACKNELL NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024

2. INCOMING RESOURCES

Voluntary Income General Fund General Offering Tithes Thanks Giving Donations Harvest Total 3. RESOURCES EXPENDED:	General Funds £ 27,392 14,122 854 1,825 620 44,813 44,813	Restricted Funds £ - - - - - -	2024 Total Funds 27,392 14,122 854 1,825 620 44,813 44,813	2023 Total Funds £ 32,762 15,309 3,758 3,448 2,150 57,426 57,426

Management & Admin £ Rent/ Rates 6,224 Donations 5,454 Welfare 4,920 Pastoral Care 6,400 Repairs & Maintenance 820 Travel & Transport / Fuel 2,680 Insurance 1,334 Accountancy 599 Stationery/postage 1,745 Instrumentalist 3,150 Administration Cost 1,525 Telephone / Fax 147 Evangelism 655 Youth and Children Programme 1,709 Depreciation 1,870 39,234	Restricted Funds £ - - - - - - - - - - - - - - - -	2024 Total £ 6,224 5,454 4,920 6,400 820 2,680 1,334 599 1,745 3,150 1,525 147 655 1,709 1,870 39,234	2023 Total 10,192 4,150 3,708 9,110 517 1,626 1,112 599 2,873 3,011 2,380 218 992 668 1,204 42,360

VICTORY CHRISTIAN CENTRE - BRACKNELL NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024

4: FIXED ASSETS

As at 1st January 2024 Additions Disposal Balance as at 31st Deecmber 2024 Depreciation/Rate As at 1st January 2024 Charge for the year Balance as at 31st December 2024 Net Book Value As at 1st January 2024 As at 31st December 2024		Musical 9,539 5,724 - 15,263 5,610 1,738 7,347 3,930 7,916	Computer 1,709 - - 1,709 973 133 1,105 737 604	Mini Van 8,444 1 - 8,445 8,444 - 8,444 1 1	Total 19,692 5,725 - 25,417 15,026 1,870 16,896 4,667 8,521

5. CURRENT LIABILITIES

Accountancy Fee 898 Independent Examination 900 1,798