Illctory Church ReLeY Charity Nurnber 1183524 VICTORY CHURCH VIC.TORY VICTORY LIIIJXLII TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Victory Church Rugeley Charity Number 1183524 CONTENTS CHARITYIPIFOMRA TX)N............_............................................................................................. TRUSTEES REPORT........... Ol¥•ctlv•s Actlvllks ............ . Achlev•m•nls and PerfomMnM...-.--.-.-.-.....-...-..-......-...-........-.......-..........................-........ Slxudure Gov¢rnanu and Ilanagem¢nl....................................,..........,.................................-......... Other Delals..... . INDEPENDENT EXAIAIIIER'S REPORT.-.-..................... ..~.... . ..... FINANCIAL ACCOUNTS (SoFW...........................................................................-............ PIOTES TO THEACCOUPITS.... . Annual Report Page 1
VictrAy Church Ryky Charity Number 1183524 CHARITh INFOMRATION Tru51ee5 Samuel Smith~ Chair Matthew Kingsman-Treasurer Dorolhy Edwards- Propety Trustee Robert Mason- Secretary Michael Parkes - Trustee Governing Document CIO Association- Constitution Charfty Reglstration Number 1183524 Company Reglstration Number CE017573 Reglstered Address Wthrychurch Rugeley 11 Anson Street Rugeley WS15 28G Independenl Examlner MrPhilip Bather(A.C.MA) Bank Bardays Bank Annual Reporl Page 2
Victory Church Rugeley Charity Number 1183524 TRUSTEES REPORT Objectives and ActivÉtses The adwanceThntoflhe c1ri51ifth n a(xXjnlan setcKrt in the arlide offaith and the VK¥5hip of (>xl in the c(xJnty of Staffryd5hre arnl elsff•the by any mear6 V4tthever durfing (Lwjt not byvray oflimitation) Ihe FYeathKvJ ¥#J proda)th ofthe Gospel aThJ th8 teaching of Christian d(thne and prwKyles (rf pth w of Chiistian Peq arnl the pri and distrbutiM of the Bible. The relefof persons are in of wl or h¥dslMp by reascw) offvir youlh. ag< il heallh, disability, finanaal orolher disathantage to releve the thstress c2used thereby 1] the C4Juntyof staffShIr8 arKI elseth as Ihe tsustees may from tkrft tolwne see fiL faith as the trustees may from time to tirne see fiL Falth and ChuTGh Pa5tordl PrDyfdms Regular Sunday corporate worshi> Teachrg series Men'5 and Wofflen's Home groups Onvline SeNIcsut groL4JS Cornmnlty Projects: Hub Café Sensory Room rny Tols gro Uniforn Bank The Chwlty Crynmissicffl yanCe ljenefrt been cons1derakn( by the Irustees l¥j the perfomiance ofthe thrties. Achievements and Performance faral tkniry over Ihe hwe In R•. ( 2023 wil rnwk Ihe armiTrary of It h&s suth ay¥ in theseFASt 12 k) see so p•¥40 aTrJ rns ar Ik)urislNng in the dwrtk To s88 suuxss of the tinytots gw and lThv thai ha5 own Sin its establislrnt li 2021. In July of 2022 we blessed to have a visit from the stok fowwjers of Vthy lrternab'onal. tks Ge and Hazd Hil. During this tlme we were able to (ruS5 the appintrnert ofSanxI as Assistsnl Pastor ai Victory Church Rugeley. arKI so ltsjk forward lo his remonY when Drs Gefxge and Hazel Jdn us In August 2023, V**we will aso celebratKTh. Annual Report
Vlciory Church Rugeley Charity Number 1183524 In December of 2022 we also able to extend the of our church admlnislratorfor 12 months. Thi$ was made in Iwye pal thwh Ihe gu$ dona110 ofpe wilhin th8 d)U SUFwic•n vcthe5 d bJcpe. ar itlInUeS to be a yrfUl success forlhe churth. VCR had £4.095 of unrestrithdfvnds atlhe erKI oftr acaxJntirvJ peri(yJ' it also had £22.845 of restrcted funds. VCR makes a yontary bthe110% of In¢YNKlual Regular GNingl to Vthry Churthes Inlemational (Va) Europe. VCR also OTS the prrwty from Nthich it cyerdtes wtich has a vatue of arca £999,rKA). The Trustees have set a reserve hol(kng pofry of £5.000 of TE51cted ftmds. The59 funds are set aside lor any uneyctpA 'non4isc¥etionarY expendibjre {e.g. bLilding rnpairs or legal obligations) or11 planned Incom8 ts slgrifKanty ICIr than bete0. The trustees have ackntyNledg8d that the end of year balance of restrKted funds 15 bdow the reserye by arourKI £1.IAXI and 15 wimarity due to donations being much lowtt than forecast for the Structure Govemance and Management VCR is a Charity IncorForaled (Jgaris81ioft (CIO) gobEmed by a constr1. Tre trustees are Serior Pastor reports to the Tntstees. Other Delails Victory Church Rugeley is a5socialed Yth Victory Churches Inlemational (VCII. VCI colleGls and IK4ds fvndsforthe use (rfVCI urtheS witrun the UK and Ewcye fry use n Ihcfje h(Th Lijunknes arKI for ntemalil mi&sKJns. The VCI B(Hd has rÉed that Amds be hekl a1 rnHged by vthry (>wJrth Rug th bahalar#J li a(xord¥£* th81rlnslrlllstr the use ofth8 fijnds: trosefunds are irKAuded in the CPrcI aTrJ Sted underthe relevant Restricted Funds. Annual Report Page 4
Victory Church Rugeley Charity Number 1183524 INDEPENDENT EXAMINERS REPORT I report to the trustees on my eXanatiOn of the acccwjnts of Church Rugeley fthè Trusl.) for the year ended 31 Marth 23 as set out [ pages 6 to 8 of tt¥5 d0cunnt. Responslbllltles and bas1$ of reporL As the charivs trustees. you are responsible for the Fry>watlon of Ihe aCunts in accordance with the requirements of the Charitles Act 2Q11 (Ihe Acr). I report in respect of my examlnation of the Trusfs accounts carried oul under sectlon 145 of the 2011 Act and in CaIng out my exaffunation. I have folltrwed au the applicaue Directions glven by Ihe Charity Commission under sectbJn 14515){b) of the Act. Indondent exarnlnevs Statem1. I have completed my exarnination. I confwm Ihat no rnaterial matters have come to rny attentlon in connection with the examination which gives me cause to believe that in. any material respect the accounting records were not kept in accordance with section 13Q of the Charities ACL or the accounts did not accord N•ith the accounting recoth. or the accounts did not cornply with the applicable reqiirements conceming the frffii and cont of accounts set out in the Charities (Accounts WKI Reports) Regulations 2008 other than any reqLNrement that the accounts give a 'bue and fairf wew which is not a matter considered as part of an Independent exarn#Htion. I have rKJ concems and have come across no other matters in Connecti with examination to which att8ntion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I do h(Mever recornrnend to the IteeS that the valuation of the freehcld property owned by the Church is re-assessed pri io the next sel of annual accounts. Dlsclosure. I have recommended to the Injstees that the valuation of Ihe freehold pwty by the cr[Ch Is revassessed prior to next set of amual accnts. Name.. Philip Barker Date ( L* Professional Body." Charted Instilute of Managrnt Pa(xmlants (C.l.M.A) Addrnss.. g Valey Ifiew. Fulwood. Preston. PR2 8HA Annual Report Page 5
Victory Church Rug Charity Number 1183524 VICTORY CHURCH RUGELELY FOR YEAR ENDED 31 MARCH 2023 Statement of Financial knbvilies Funds 2023 Fund5 2023 Funds 2023 Funds 2Q22 InGom• Charftsble Acuvtlles D¢Jn8tions and Legaues (inc. Gift Aid) othgr Trading Activiligs Inlere5l Total Incom• 29.018 16.572 18 50,001 17,615 46.633 16,572 n.136 8,199 17.615 67.616 Expense• Chartty Management & Admkn Church Running Costs Employee Costs Grants Church Prcgrpanmes Training Travel Costs of Hub Cafe Total E$ 871 20,550 27.699 12 878 21,050 36.440 1,122 12.436 495 1.361 19.470 24,744 8.741 1.110 8.032 10.889 176 233 495 63 7.211 61J03 126 14517 79,820 60,259 Oth•r RgGognlublg G•ln¥l(Los¥es} -221 -221 -740 Net Resowc• Mov•nent -11.302 -12,204 23,340 Fund Tfansfefs Net M¢Mrnent In Funds -13.911 -1ZA25 22.600 Total Fwids Brought Forward 18,1)06 39J66 16.765 Totsl Funds Carrffjd Forward 22045 26,941 39,366 Annual Reporl Page 6
VFiory Church Rugeley Charty Number 1183524 Balance Sheet Cum?nt Assots Debtors Cash At eank And In HaNI Creditors 374 27.332 -738 Funds & R•s•rv•s R8tain8d Fun Accumulated F Funds Provldèd 39 366 -12865 26.94 other Assots Retalned for the Charflles O¥m Use (Not Snclud•d on Balanc8 Shgel) Currnn tvak Fwd Freehold Property- 11 Anson Stree( R@ey.WS15 2BG Generdl Fuj (unrestricted) General FurKI (wwestsidedl vaKd May 2019 Fixtur• and Fluings ofALKNe Prap8rty. WA Fumilure. Catering Equipment. CompLrter Equipme Sound and Media Equiprnenl held al above property. General Fu1 (unrestricted) NIA The note5 on page 8 of this document form part of thèse actnI Approved by the Trustees of Vthy Churth Rugeley Name Michael Parkes 12 Feb 2024 Position Trustee Afflual Report Page 7
Victory Church Rugeby Charity Number 1183524 NOTES TO THE ACCOUNTS Restrlctsd Fund Incorn•rrransfers Fund Administrator Community Support Easter Outreath Pakistan Flood Aid Sensory Room Staffs County Cwncl ITllpToven Ukrdlne Vcl Chlklren's Vcl Europ¢ 6.288 225 9,050 -247 247 1,OlJ) 124 -3.612 The Church makes a vtary tith {10% of Giviry) fr(xn tro General Fund lo Vcl Europe. The Tru51ees apwoved a transfer of £247 the Comnxww Support FuThl to c(wer a dgfidt in the Easter OIrt8¢h Fd to allow il's ckwjre. Vcl Ewwe ¥woved a transfer of£6,000 to Ihg FLfftd to assist in the fundlng of Ihls posltlon for a further 12 MI1hS fixed ccmlTacL Glft Ald Indudes the falowThJ da¥ns: Unrestrictad FdS Restrithd Fund5 3.066 The Church Admlnistralor was extended for an additional 12-month contract follng speafi pW8S to support the role. Payroll Costs are lherefO altribu to the Restricted Admlnlstralor Fund. R•strkl•d Fund Balanc•s Fur Admnislrnk CommuThty Swp)rt Easter OLrtreach Pakistan Flood PJd Serw RODM Stafford5hire County CwrKil Inyovemw Ukraine Vcl Children'5 Vcl Eurcpe 4.878 4.492 438 422 2.500 622 440 Annual Report Page 8