Regis¢ered Charity No- 1176302 VICTORY OUTREACH LONDON CITY CHURCH Trustees, Report and Accounts th For the Year Ended 5 April 2025
CONTENTS PAGE Legal and Adminislralive Delails Trustees, Report Independent Examiners Report Stalemenl of Financial Aclivities Balance Sheet io Notes to thc Accounts
REFERENCE AND ADMINISTRATIVF. DF.TAILS OF THF. CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5° APRIL 2025 Trllstees Wailon Weeks Vicioria Lloyd Phyllisha Johnson-Brown PJB Charity reRisttred Number 1176302 Date of Charitable Registration 15 1)ecember ?017 Prlneipal offl¢¢ Victory 0reaCh London City Church 61 Brid&ye Sirttt Kingion HR5 3DJ Independent ¢x*rnin¢rs A¢¢ounting Assist Lid Clo Good to Give Ltd Bankers Natwest Bank PIC
TRUSTEES, REPORT FOR THE YEAR ENDED 5" APRIL 2025 The Board of TrLLStees. who are ihe [rseS for chariu. law PUT]x)ses. submit their annual report and the financial statements of Victot). Outreach London Ciry Church for the }'ear ended 5 April 2025. Th¢ Board of Triistees conf1rn15 that the annual retx)rt and financial statements of th¢ Charit), comply wilh current statutory requirements, Ihe requirements of ihc Charit) s govcrning document and the provisions of ihe Sthiemeni of Recommended Prathice {SORP)'Accouniing and ReFrf)rting by Chariiies {revised 20051. Structureg go.erance and maD4gem¢nt The 3 Trustees are: Wailon Weeks Victoria Lloyd Phyllisha Johnson-Brown PJB The Trustees who have served during the year aff sei out on page i and meet on a regyular basis. The Trustee5 play a primary role in ensuring good governance and functioning of the charity. The Board's rol¢. liin¢iions and r¢sponsibililies are quite ¢learly defind. The ¢rusiees have uliimaie Lonirol over all the affairs of(he charii>'. The Charity LUTTenily has a stron&J team of Advisor). Brd Inemkrs in ¢h¢ UK u,ho have heltd to secure financial support and contribute (o ihe fulure planning of ihe organisation. Governini Doeument: Victory Oiiir¥dch LondL)n Cit}. Church is charitable incorFN)rated orgyanisalion. reg>istered on 15 DeLember ?017. The Lharil) s gFovernin&y document was ainended on •8 OL'tokr •O19. R¢¢rllltment and appointment of Trusiee's Th¢ m¢Mr5 of th¢ G¢n¢rnl T51¢¢ Board are irust¢¢s for the purr)ses of ¢harity law. N¢w irustees ma}, be appointed b}. resoluiion of a meetinbj of Ihe trustees. Mu¢h of the charity's work fo¢uses up)n ihe promotion of the Christian faiih. the prevention or relief of poverty.. edlieaiion and training. Th¢ Board of Tru5tffs s¢¢ks lo ¢n5U ihal th¢ n¢5 ofthi5 group are appropriat¢ly fleCt¢d through the diversit> of the trnstee bodv. The chariiy Soubhi io ideniif) Ihose who would be willinbi io Il.0Me trustee5 of the Charity and use their own experience io assist the charity. Risk Managernent: We are committed to a policy of identifying, monitoring and managing the risks that might adverselv affect the activities in which M'e ar¢ involved. In thL5 CQllt¢xt. risk is defined as the potential to fail to achieve charity objectives and for loss. financial and reputaiional. inhereni in ihe environmeni in which we operate in the nature of the trdllsaaions underraken. The principle risk of the chariiy has been its dependence on voluntary, income. Trustees have initiated various processes to miiigate such risk. so thai the charity has sufficient reserve in the event of advetse Lndition(s}. The Tru5tee5 have also examined other 0rdI10naI and busine55 risks which they face and confim) that they have iaken sieps lo miligaie significani risks ihai nia> arise (where applicable).
TRUSTEES. REPORT FOR THE YEAR ENDED 5" APRIL 2025 Public Benefit: The Trustees have complied with ihe duty, in Section 4 of rhe Charities Aci ?006 and have paid due regard to public benefii ivhen preparing this retK>rt. The b¢n¢fit provided ro the public is consistent with th¢ aitns of thc charity in UK. Objectii'es and activities: The principal purw)se of the Church is the advancement of the Christian faith in accordance with the statement of beliefs. Oiher objects of the Church are- the relief of sickness and ihe presert'alion and proieciion of goLxI healih for ihe publie benefit. by the provision of healih relaied kShopS offering advice and guidance in reset of a numbeT of medical condilions. the relief of financial hardship among the general public by providing an>, such persons with Joods which they could not tsiherwise afford through lack of means. In reviewing ihe objectives and planning the aciivilies. the Trnstees have given ¢areful consideration to thL Charii>' Con)mission's &?LllLfdl guidance on public iner11 and. in particular. io ils supplenientary public benefil guidance on advancin&y ihe Objecti¢5 as sel ou¢ atrive. The Trustees ¢onsid¥r th¢ ¢urren¢ a¢tivilies as dciailed in this r¢rrt deliver publi¢ bei)¢fil. Grant MAkin% Policies: The church provides supwrt to members of ihe congregation (at ihe discretion ofthe leadership leaml who are in need. Achievements And performance: Victory Homes London.. Transforniing Lives through Compassionate SupFx)rt and Christian Values. Victory Home5 London is proud to announce ihe comm¢nc¢m¢nl of its inaugural 5UPPOrted accommodation hom¢ in Grai'esend in OctDb¢r ?022. w¢looming individuals whg hav¢ fac¢d th¢ Lhallenbwes of drug and alcohol addiclion. Our organizaiion is commiiied io providinb? a nuriuring and residential Christian environment for men. including ihose dealing with issues related to hornelessness and addiction. Our fundamental ethos reTr"olves around the belief that e&er)' individual. regardles5 of their past siruggles. deserves an opwnuniiy for resioration within iheir families and communities, recogni7.ing a grcater purtK)se for thcir lives. Supported Accommodation with PurrK)se Our newlv established home in Gravesend. operaiional since SepiemEr 2072. currently oJTers 5 bed spaces. This communitv residence serves as a hai'en where men can receive comprehensive supp)rt and engage in tailored progrdm5 designed to prepare them for more inde[ndent living. Our holistic support plan, a cortdition of their license agreement. encompasses a range of crucial Components:
TRUSTEES. REPORT FOR THE YEAK ENDED i. APRIL 202) l. Relationship Building Skills-. Residents aciiNelJ engage in activities aimed at enhancing iheir ability to build and maintain posill.¢ lationshipS. 2. Life Skills Training.. Praciical life skills are imparted to emwwer individuals to face the challenges of daily living with confidence. 3. Budgeiing Skills: Financial literdcy is promoted io instil resp)nsible budgeting habits and financial manag¢m¢nt. 4. Menial Healih Support.. Our team is dedicaied to providing the necessary assistance for Tcsidcnts to improvc their nicntal hcalih and wcll-being. 5. F.mployment Prepardiion- We assisi residents in acquiring the skills required for eniering or Te-enteringj th¢ workforce. promoting seif-5uffici¢n¢y and ind¢p¢nd¢n¢e. 6. Team building: The men in the home Christian Ethos with In¢lu$iviiy Victory I IDme5 is a Christian or&Tanization. and our M'ork is &yuided bj Chrisliai) principles. However, it is iniKX)rtani to note thai while the influence of our C hrisiian eihos is L¥'ideni in ihe way we operni¢. there is no requirement for residenis to share the same faiih. Our d)r$ are open to individuals from all walks of life. and our ¢ommitsneni io iheir well-being remains unwavering. As long as they are willinbl to follow. Progress and Success Siories We are pleased to share that the men at Victory Homes actively participate in coun5ellingF sessions. and ps)'chotherapy. and adhere to the guidelines of our programs. The progress ii)ade b}. our Tesident5 is evident. and we remain optimistic aboui their coniinued improven)en( throubhoui ihe duration of their stay. We are especially proud io highlight ihe success of one individual M,ho has graduated from our program and 15 now thriving in his journey loward a healthier aiid iiior¢ fulfilling life. At Victorj. Homes London. we hal'e every expectation that our residents will noi only manabtre a healthy lifestyle but ill also be well on their way lo reaching their full polential. We look forward to continuing our mission of transforniing liv¢s and making a posilive itnpact on th¢ comn)unity. Financial reviem.: Incom¢ and F.xpcndi¢ur¢ during lh¢ y¢ar aniountcd io £ l iO.00? & £95.582 S¢tivC1J (2024.. £ 94,533 & £ 95,582). Th¢ attaohd finanoial statrm¢nls show th¢ CUrnt Stat¢ of th¢ Charity's finan¢¢s. Plans for Future Developments: The Charity plans to develop various fundraising strategy to include mass marketing. Besides ma5S marketing and eN'ents. the charity is aiming io achieve lis targets ihrough securing donations from willing indii'iduals. A deielopmeni trt)ard ma), credied io help include oiher avenues of fundraising to be included in the yearly programme.
TRL.STEES' REPORT FOR THE I.4R ETr*DF.D S".4PRIL 2025 Indepcndent Esimincr- 'I'ht (.'hdriiy'.4 indepeiithni ¢%aminer,.4num 11a.8n. Ff.i.'A (if Accountin8 AS%1 Lid Clu G(K)d to (iivc l.Id. have iiidicaicd l-ir Nilliiigiicsi 10 oljcr iTr.cmscli'es fDr appoiniTheiir Thi) re)rt was approved b). Ihe TnJsTee> on and signed on thcir belwlf by.. Name . -2f
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR Ef4DED 5" APRIL 2025 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VICTORY OUTREACH LONDON CITY CHURCH. TH I r¢port on the financial statements of the charit!. for th¢ vw ended 5 April 2025 whi¢h compris¢ Ihe Statemeni of Financial Aeiivities and Balance Sheei wilh asSlaie nores. This report is made Solely to the Lharity's Trlee5. as a I)dy. in accordance wilh seetion 145 ofthe Chariiies Aci ?01 l and regulations made under seciion 154 of thai Aa. M!, i%'ork has been undertaken so that I might state io ihc charit} s Trustccs thos¢ mattcrs l ani rcquircd to statc to thcni in an independeni examinews report and for no oiher purpose. To ihe fullest exient mIllied b> law. I do noi accept or assume responsibilit). io an>'one oiher ihan the chariry, and ihe eharits s l-rusrees as a body. for my examinalion WOTk. RESPECTIVE RESPONSIBILITIESOF TRUSTEES AND EXAMINER The eharity's Trust¢¢s a responsible for the pr¢pAraiion of ihe finan¢ihl statements. and ihey consider that an audit is noi required for ihis vear under seaion 1441?) of rhe Chariiies Acr 2011 {the Act) and that an independent examinalion is needed. It is my responsibility to.. F.xamine the accounis lundcr Section 145 of ihe Chariiies Aa}: To follow thc procedures laid down in ihc GenLfdl DirL'Ctions given by the Charity Conimissioners (under Section 14515Mbl of the Charilies Act): and To stale wheiher particular mailers have come to my atierttion. Basis of Independent Examiner's repDrt My examination was carried out in accordance wilh the General Direciions given by the Charity Commissioners. An examination includes a review ofihe aLcouniingp records kem bj the GrollplDistri¢i and a ¢omparison orth¢ a¢¢ounis presented wilh thos¢ re¢ords. It also in¢lud¢s considerdiion of any unusual iien)s or disclosures in the accounts and seekinbT explanaiion% from you as trustee5 conceming> an). such matlers. The procedures undertaken do not provide all the evidence that would be reqLiired in an audit. and conseqtsentlv no opinion is given as to w.hether the aceoui)ts present a 'irue and fair. view. dnd the rewbrt is limited to ihose matters se( out in the 51dieinent below. Ind¢pertdent Ex4rniner'$ stst¢m¢m¢ In connection with my examination. no maller has come to my altenlion.. l ) which gives me reasonable cause lo klieve Ihat in any maierial respecl the requirements: to keep accounlinbp reLords in accordance wilh seeiion 130 ofihe Ael; and to prepare financial Statements which accord wilh the accounting records and comply with thc accounting requirements of ihe A have not been met; or 2) lo which. in my opinion. att¢nlion should be drawn in order to enabl¢ a prOr understanding of the financial statements 10 be reached. Sign¢d.. Dat¢d: 0511112025 Anum Hassan, FCCA On bchdlt-ot-Aicounling AsSi5t Ltd
STATEMENT OF FINANCIAL ACTIVITIES {Incorm)raiing Income and eipendirure account) FOR THE YEAR ENDED 5" APRIL 2025 Unrestriettd Restrieted Total Funds Total Funds 2025 2025 2025 2024 Notes Incoming resources Voluntary Incom¢ Other Income resources 77,150 77.150 70.842 52,852 52.852 Total Incoming resourees 130.002 IJD.002 Resources expended Cost of Generating Funds 108.6J9 108.639 79.291 Charitable Actii'ities: Ministry Governance costs 10.845 1.045 10.845 1.045 i.143 3.148 Total Resources eipended 120.529 120529 Movement in tothl fund for ihe year- Net income / lexpendiiure) For ihe ear 9.473 9.473 -i.oso Fund balance brought forward IOA53 3J32 Fund balance carried forward 20.016 20.016 2J82
HAI.4YCF. SIIF.b.1" A.$ ..IT i".IPRIL 211?5 2025 2024 2024 6.609 ri,•61 CI'.RKF.NI ASSETS r)L'biLbrs ( a%1) ai bank 5.Y5¥ 12.461 IX.419 4.4116 CIIF.DITI)R%'. aini)uni% lullin¥ duc wiibin oni y¥ar Tr.T LI.'RRLP41" ASSTr'.'I'S 1.1.4117 2.2N2 20Jb16 1Th,54.1 C'II IK11"1' F'llfv4D Unrc%lrii'.cd lunds 2D.IJIO 10.541 -I'Ol'AI Tr'I,'%I) Th¢ financial )14liYnLllis w¢T¢ apprgvid bv IhL- Trusl¢CS vn ¥iid bi¥ncd Ixi Iheir bchAII', by: PRINT N.4KfF Diie.. 26-/O-z Th¢ Norcs oll pag¢ I I to I S lumi pdn ofth¥5e accounts.
NOTES TO THE FINANCIAL STATEME]4T FOR THF. YEAR F.NDF.D S. APRIL 2025 I. ACCOUNTING POLICIES 1.1 Basis of preparation of financial Statements The financial siaiemenis have been prepared in accordance with the Statemeni of Recommended Practicc18ORP). 'Accounting and Rcw)rting by Charitics, published in Dcccinbcr 2005 and applLLable accouniing standards. 1.2 FuDd accounting General funds are unrestricted funds which are available for use at ihe discreiion of ihe Trustees in furth¢rdnc¢ of ¢he genera] objectives ofthe charity and which have not been designated for other purpos¢s. Restricted funds are funds which are lo be used in accordance wilh Specific restrictions imposed b> donors or which have been raised bi, Ihe charil), for particular purtx)ses. Th¢ costs of raising and administeringy such funds are charged againsi ihe specific fund. The aim and use of each restricted fund is set out in the notes lo the financial statements. 1.3 Incoming resourees All incoming resources are included in Ihe Siaiemeni of financial aciiviiies when ihe charity has LntitlLn)Lnt io the funds. cenainiy of receipt and ihe amount can be me&sured with sutricient Donated services or facilities. which comprise donaied services. are included in income at a valualion which is an estiinale of ihe financial cosi borne b), Ihe donor where such a cosl is qiianiifiable and measurable. No income is rttobTnised where ihere is no financial Cost borne by third party. Income tax recoverable in relation io donatio4 received under Gift Aid or deeds of covenant is recog>nised ai the time of ihe donation. 1.4 Resources expended ExndItUre is accounted for in the period in which it wcur5 and has been included under expense categiories that 8bgrebTate all c05t5 for allocation to activitie5. Where cost5 cannot be directl). attributed to particular activities. they have been allocad on a basis consistent with the use of the rcsourccs. Fundraising costs are those incurred in seeking voluntarv contributions and do not include the Costs of di5s¢minating infomiation in suptKTrn of the charitable aclivilies. Support costs are those Losts incurred directly in support of expeIllure on the objects of Ihe chariiv and include project managemeni carried out at Headquarters. Govcrnancc costs ar¢ tho inCUrd in conneclion with administrntion of the charity and compliance w'ith consiiiuiional and slaiuloTh requirements. Grants pavable are charged in the >'edr when Ihe olTer is made excepi in those cases where the offer is conditional. such graft being recognised as expendiiure when ihe condilions aitaching
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 5" APRIL 2025 (Lvntinued) are fulfilled. Grants offered subject to conditions which have not ien met at the yearend are noted as a commilment but not accrued as expendilure. 2. INCOME RESOURCES VOLUNTARY INCOME Unrtttritted Restricted Funds Funds 202.5 Total Toial 202) 21124 Tithcs Offerings Gift Aid 3?.544 34.163 10.44) 15.871 34,163 10.443 8..i68 70,842 3. TOTAL RESOURCES EXPENDED SifTCosts Oiher Tol*l Tot81 21125 2025 2024 Cost of generating funds: Admin Costs 7,895 94,871 102.766 76.844 Royalty Fee 5.874 5.874 2.447 Charitable Aetivities: Ministry Governance Costs 10.845 1.045 10.845 1.045 13.143 3,148 7095 112.635 120 529 95,582
NOTES TO THE FINANCIAL STATEME]YT FOR THE YEAR ENDED 5" APRIL 2025 (COMIlMued) BREAKDOWN OF COSTS Staff Costs Other Total Total 2025 2025 2025 2024 Admin Costs Markeiing Rent & Ra¢es Hire of Venue for Church Services Insurance Mailing Address Payroll DBS Service DVLA Storable Cquipnieni Zooiii Subscription Phone & Intemet Website L harge D¢pr¢¢iation Hotel Travel Repair & Maintenance Office C.05t5 Viclory Home5 Costs 13? i6.740 132 423 22.529 22.529 19.724 2,607 227 2.607 ?27 7.71MI 195 325 2.899 156 870 159 1.65? 1.456 147 8.085 3?6 331 3.201 144 779 205 7.7(K) 195 325 2.899 156 870 159 1.65? 1,060 6.518 780 7,008 559 7.021 20,956 6.518 780 7.008 10.702 76,844 7.895 94.871 102,766 Starr Oiher Total Total 2025 2025 2025 2024 Royalty Fee Tithe to Head Church 5874 5.874 ).447 2,447 5.874 5.874
NOTES TO THF. FINANCIAL STATF.MENT FOR THE YEAR ENDED 5" APRIL 2025 (rontinued) Charitable A¢tivities: Stgf(Costs Other Tot*1 Toial 2025 2025 2024 Ministry Chur¢h Ev¢nis Honorarium Hogpitality Musiclworship Pulpi¢ Charitable Donaiions 451 451 1,190 1.136 4,714 681 1.136 4,714 67) 3,869 10,845 10,845 13,143 StAff Costs Other Totsl Tot81 2025 2025 2025 2024 Governance Costs Trusiee Trainin GovernanLe Costs 25 1.020 1.045 25 1.020 .045 3.148 3.148 141 Page
- Tangible Fixed Assets Tangibl¢ fixed asscts ar¢ 5tst¢d at cost Icss accumulat¢d dcpr¢ciation. DepTeciation is provided io write ofy the c05t of th¢ ass¢ts over their cstimatrd u5¢ful liv¢s on a straighi-line basis at the following annual raie of 20.0 annum on cosi. Compuler Equipment Church Van Total Cost 105,'0412024 Additions AI 051041?025 7,750 7,750 8261 DepTe¢iation AI 05104i?0?4 Charge for th¢ year Ai 05,.'04i?025 10? 409 621K 6,609 Nei Bo(Trk Value at 051041?025 Nei Book Value at 051041?024 409 6.200 6.609 7.750 8.261
- Trustees, Remunerntion and Expenses No trustee received any remunerntion or reimbursement of exp¢ns¢s during the y¢ar.
- Prior Year Pre5enl4lion Adjuslmeni In the compardtive figures. the fund balances for 2024 were lower ihan the ioial net assets due to (he full c05t of tangible fixed assets being treated as expenditure in 20?). From 20?5 onH'ards. the fund balances halc beert aligned w'ith the total net a55els by including the net IKK)k value of tai)bTihle fixed assets within unrestricted funds. This adjusimeni arreas preseniaiion only and has no inipaci on Ihe overall net assets of the charity.