Restered awlty No- 1176302 VICTORY OUTREACH LONDON CITY CHURCH Trusfres, Report and Accounts For the pcriod 5 April 2022 to 6 April 2023
CONTENTS PAGE Legal and Administrative Details Trustees, Report Independent Examiners, Report Receipts and Payments Accounts Balance Sheet Notes to the Accounts 10-13 IIPage
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEARENDED 5th APRIL 2023 TnteeS l. Kelly Buckley 2. Elaine Patricia Curtis 3. Milton Charles Matthews Charlty reglstered Number 1176302 Date of charAtable regtstratlon 15 December 2017 Victory Outreach West IA)ndon 61 Bridge Street Kington HR5 3DI Prlndpal office IndependenteW1nerS Accusafe Ltd- C/0 Good to Give Ltd Bankers Natwest Bank PIC 21Page
TRUSTEES. REPORT FOR THE YEAR ENDED 5TH APRIL 2023 The Board of Trustees, who are the trustees for charity law purposes. submit their annual report and the finanaal statements of Vlctory Outreach London City Church for the year ended 5 April 2023. The Board of Trustees confirm that theannu31 report 3nd financial st3tements of the Charity comply with alrrent statutory requirements the requlrements ofthe Charity's governingdocument and the provisions of the Ststementof Recommended Practlce (SORP} 'Accounting and Reporting by Charities (revised 2005).. Structurei governance and management The Trustees who haveserved during the year areset outon page 2 and meet on a regular basts. The Trustees play a primary role in ensuring good governance and funrtioning of the charity. The Board's role. functions and responsibilities are quite clearly defined. The tnteeS have ultimate control over all the affalrs ofthe charity. The Charlty currendy has a strong team ofAdvlsory Board members in the UK who have helped to secure financial sUPPOrt and contribute to the future planning of the oalsatiOn. Governlng documenL. Virtory Outreach London City Church is charitable Incorporated organisatioTh registered on 15 December 2017. The charitys governing document was amended on 28 Ortober 2019. Recruitwejjtand appolntment of trustee The members ofthe General Trustee Board are trustees for the purpose5 of tharity w. New trustees may be appointed by resolution ofa meeting of the trustee5. Much of the charltrfs work focu5es upon the promotion olthe Christian faith the preventlon or relief of poverty. education and trainin& The Board ofTrustee5 seeks to ensure that the needs of thls group are appropriately refierted through the diversity of the trustee body.The charlty sought to identify those who would be willing to become trustees of the charity 3nd use theirown experience to 3SSiSt the charity. Rtsk ManageDJen We are committed to a policy of identifyin& monitoringand managAngthe risks that might adverselyaffect the 3Ctlvities ID which we are involved. In this contex¢ rfskls defined as the potential to fail to athieve charity objectives and for loss, financial and reputational. inherent in the environment in whichwe operate in the nature of the transactions undertaken. The princlple risk of the charity has been its dependence on voluntary income. Trustees have initiated variou5 processes trj mltlgate such risk so that the charity has sufficient reserve in the event of adverse coJJdltlon(s). 31Page
TRUSTEES. REPORT FOR THE YEAR ENDED 5thAPRIL 2023 (Continued) The Trustees have also examined other operational and business risks whlch they face and confirm that they have taken steps to mitigate significant risks that may arise {where applible]. Publlc BenefiL. The Trustees have complied with the duty in Section 4 of the Charities Art 2006 andhave pald due regard to public benefit when preparing thi5 reporL The benefit provided to the public is consistent with the aims of the charity in UK Oble¢tives and artivitles: The prlnclpal purpose of the Church Is the adwdncernent ofthe Christlan faith In accordance with the statement of beliefs. Other oblects of the Church are: l. the relief ofsitkness and the preservation and protection ofgood health forthe public benefiL by the provTrsion of health related workshops offering advire and guidance in respect ora number of medical conditions. 2. the rellefof flnandal hardshlp among the general publlc by provldlnganysuch persons with goods which they could not othenvise afford through lack of mean& In reviewing the objectives and planning the activities, theTrustee5 have given careful consideration to the Charity Commlsslon'sgeneral guldanceon public benefit and. in particular. to its supplementary publlc benefit guidance on advancing the objertives as set out above.The Trustees consider the currentactivities as detailed in this report deliver public benefiL Grant Making Policies: The church provkde5 SUPPOrt to members of the COngatiOn (atthe dlscretiort ofthe leadershlp team] who are In need. Achlevejnents and perfomance: Victory Homes tA)ndon: Transfonnlng Lives through Compasslonate Supportand Christian Values Victory Homes London is proud to announce the commencement of Its Inaugural supported accommodation home in Gravesend in October 2022. welcoming individuals who have laced the cha]lenges of drugand alcohol addiction. Our organization is committed to providing a nurturing and residential Christian environmentfor men. induding those dealing with issues related to homelessness and addictio Our fundamentsj ethos nvolves around thebelief that 41Page
TRUSTEES, REPORT FOR THE YEAR ENDED 5th APRIL 2023 (Contlnued) everylndlvidual, regardless of theirp&st strnggles. desee5 an opportunity for restordtlon wlthln thelr families and communitles. recognlzinga greater purpose for their Uve& SupptsrtedAccommodatlon wlth Purpose Our newly estsblished home in Gravesend. operational since September 2022, currentlyoffers 5 bed space& This community residence serves as a haven where men can receive cotnprehenslve support and engage in tailored programs designed th prepare them for more independent livin& Our holisticsupport p13n, a condition of theirllcense agreemenL encompasses a range of cruaal components: l. RelationshÉp Building SkilL8: Residents actively engage in activities aimed at enhancing thelr ablllty to bulld and maintaln poslttve relatlonshlps. 2. Llfe Skills Training: Prdctical life skills are imparted to empower individuals to fa the challenges of daily living wlth confiden. 3. Budgeting Skills: Financlal literary is promoted to Instil responsible budgeting hablts and financial management 4. Mental Health Support Ourteam is dedted to providing the neCessaryassistan for resldeThts to improve thelr mental health and well-belng. 5. Employment Preparation: We asslst resldents in acquiring the skills required for entering or rentering the workforce, promoting self-suffieiency and independenc& & Team buildinw. The men in the home Christian Ethos with Indusivity Victory Homes ts a Christian organi7ation.and ourwork is guided by Chrlstlan prinaples. However. it is importantto note thatwhile the influeTh ofour Christian ethos is evident in the way we opcrate. there is no requirement for residents to share the same faith. Ourdoors are open to individuals from all w31ks of life. 3nd our commitmentto theirwell-being remains unwavering. As long as they are willing to follow. Progress and Suecess Stories We are pleased to share that the men at Virtory Homes actlvely participate in counselling sessions. and psythotherapy. and adhere to the guidellnes of our program& The progress made by our resldents 15 ovlden¢ and we remaln Optirnistic abot their continvcd ImprovemeJ>t throughout the duration of their stay. We are especially proud to hlghllghtthe success of one Individual who has graduated from our program and is now thriving In hls journey toward a healthier and more fulfilling lif& SIPage
TRUSTEES. REPORT FOR THE YEAR ENDED 5thAPRIL 2023 (Continued) Atvirtory Homes London. we have everyexpertauon that our resldents wlll notonlymanage a healthy lifestylebut wlll aL¥o bewell on theirway to reaching thelr full potentlal. We l(Kbk forward to continuing our mlssion of transfornilngllves and maklnga posltive Impact on the communlty. Financial revlew: Income and Expendlture durlng theywamounted to E 61,657 & £ 68,948 respectively (2022: £ 35,328 & £ 30,670). The attached f)nandal statements show the CenIate of the charitys finan5, Plans forFuture Developments: The Charityplans to develop various fimdrdlsing5trdte8y to indude nws marketin& Besffides mass rnarketSng and events, the charlty Is almSng to achieve Its targets through securing donatlons from wllllng IndlvEduals.A developmentboard may be created to help Indude other avenues offundraising to be induded In theyearlyprogrdmm& Independent Examlner: The Charitys independent examiner, Accusafe Ltd C/0 Good to Give Ltd has indiated their wllllngness to offer themselves forappolntmenL Thts report was approved bYtheThIeeS on andsyed on thdrbehallby: Date 61Page
ReIpts and PaymentsAccounts For the Period from 06 Aprll 2022 to 5 Aprll 2023 Unre8tr1cled Restrktod Funds Funds Tolal 2023 Total 2022 Notes Income and Expendlturn Incomlng Resource5 Incoming resou$ from vdunlary Income Other income resourcgs 49,210 12.447 49.210 12.447 29.538 5.790 61.657 61.657 35.328 R•sour¢o5 Exp•nd•d Cost of generating funds.. Costs of generating vduntsry lADe charits8 activities: Outreach Ministy Govemanc8 ¢a)sts Asset Purchases 51108 52,108 29.650 6.951 1.627 8.261 6.951 1.627 8,261 1.020 Total Restwrc•s ExpKled Net Ioutgoingy Incomlng Resources (7.291) (7.291} Trwtsfers belvRen funds Net Mov•m•nt in Funds 17.291} fl.291) 4,658 Fund balan¢es broUghtf0Thrd at 06 Apr 10.622 10.822 5.964 Fund balarKs carried forward at 05 Apr 10.622 Notes to Awjunls The accounts were Pfepared on income resources and resources expended basis only, therefore. no acc¢)unt was taken of acttuais and1orWymenlS. 81Pa8e
BALANCE SHEEr AS AT Sth APRIL 2023 Charlty 2023 2022 Flxed Assets Tanlllble fixed as8ets 8.261 Current Assets Stock ond woth In progress Deblo Cash 8t bank and in hand 386 10,622 11,008 Credltoys: kniountsfelling due ilhin one year Net Curr•nl As8•ts Net Assets Funds Unrestrscled Restrided 11,593 11.IN)8 11.593 11,C rovwj 8 aUtIrised forlsgje by the Board dTnk8tees c and Wb The noteson pagos 10 to 13 foftyb partdlh8se 91Page
NOTES TO THE FINANCL4L STATEMENT FOR THE YEAR ENDED 5TH APRIL 2023 I. ACCOUNTING POLICIES BasL¥ of preparatloD of fiDanclal statements The financial statements have been prepared in accordance with the Statement ofRecommended Practlce (SORP).'Aeeounting and Reporting by Charities. published In December 2005 and applicable accounting stsndard& Fund accountlng General fund5 are unrestrirted funds which are awailable lor use at the discretion of the Trustees in furtherance of the general ¢bjectives of the charity and which have not been deslgnated for otherpurpose& Restrirted funds are funds which are to be used in accordance with speclfic restrictions imposed by donors or which have been raised by the Chlty for particular purposes. The costs of raisingand adJTJinistering such funds are charged againstthe specific fund. The aim and use of each restricted fund Is set out In the notes to the finCial statement& Incomtng resources All incomingTesources are induded in the Ststement of finandal activlties when the charity entitlement to the funds, certaintyofreceipt and the amount can be measured with sufficlent rellabl]ity. Donated services or factlities. whlch comprise donated services. are included in Income at a valuation which Is an estlmate of the financial cost borne by the donorwheTe such a cost is quantifiable and measurable. No Income is recognised where there is no financial costborne by a third paty. Income tsx retoverable in relation to donatlott% received underGIft Ald ordeeds ofcovenant is recognlsed at the tlme of the donation. 1.4 Resources expended Expendlture Is accounted for In the perlod in whlch It occurs and has been included underexpense categories that aEate all costs for alloatlon to artivities. Where costs cannotbe directly attributed to particular actlvltles. they have been allocated on a basls conslstent wlth the use of the resource& Fundrdlslng costs are those incurred seekingvoluntary contsibutions and do not include the costs of dissemlnatlng 5nfoTmation in support of the charitable actlvltles. IOIPage
NOTES TO THE FINANCIAL ATEMENT FOR THE YEAR ENDED 31&r MARCH 2023 (Continued) Note l {CODtlnued) Support costs are those costs incurred dirertly in support ofexpendlthre on the objerts of the charity and include projert management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recoLmised as expenditure when the conditions attaching aTe fidfilled. Grants offered subjert to condits.ons which have not been met 3t the yearend are noted a commitment. but not aCcnd as eXpendire. In¢omlng Resour& from Voluntary 2 Int¢)m# Unrestrlct•d Restricted Totsl Fundts Funds 2023 Totsl 2022 Tithes OffeiTrvJs Gift Aid 28,941 20.269 4.697 7.79) 28,941 20.269 4,697 7.750 29,538 5,790 61,657 61,657 35.328 111 Pcige
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5th APIUL 2023 (Continued) 3 Totsl R•sour¢es Expended Total Total 2022 Cost of ggngrating furKI& Admin Costs Royalty Fee Charitable acuvllles: Ministy Govemance L 8.429 36.462 7.218 19,247 5.869 7,218 6.951 1.627 6.951 4,534 1,020 60.519 68.948 Totsl 2023 Totsl 2022 Breakdown of Cogts Costs Cost of generating furKts: Admln Costs Emalling seivi¢e Hire of venue for Church Servtce Insurance MallltYJ address Postage Payro D8S s8rvt DVLA Storage equipnent Pastor li¢*nces Zoc#n subscriptson Phone Web&te charge Worship Song 9)liva Hotel Tmel 1.188 17,191 1,188 17.191 1,100 7.371 105 105 &429 8.429 3,500 150 207 207 3.048 695 173 1,524 595 144 1,824 200 450 173 234 234 2,405 1.183 5,752 2,405 1.183 5.752 1.728 Widory Homes Costs 8.429 36.462 19,247 121PaBe
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5thAPIUL2023 (Continued) 3 Totsl Resources Expended (contlnued) Total 21123 Totsl 2022 Breakdown of Costs IlI1nued) Costs Royalty F rithe to Head Church 7218 7.218 5,869 7.218 7.218 5.869 Charitable activitie Mlnlstry Church Events Honorarium Hospitality MuslcJWorshlp Pulpit Charitabl8 Donation 882 611 652 933 1.181 1,431 1,811 1.431 1.811 1.773 1,156 6.951 6,951 4,534 Govemance costs TTUSte traiThng Govemance Cosls 522 1.105 1.105 1,095 1,627 1.627 1,095 Ass8t Pur¢hase5 Laptop Church Van 511 7.750 511 7.750 8,261 8.261 131Page