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2025-03-31-accounts

Charity registration number 1193748

VICTORY HOMES LIVERPOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

VICTORY HOMES LIVERPOOL

LEGAL AND ADMNISTRATIVE INFORMATION

Trustees Nathan Peoples Sam Wright Avril Hendrickson Registered office 122 Sheil Road Liverpool L6 7UA Charity number 1193748 Independent examiner Erdingsworth Business & Tax Advisors Ltd Unit 3 Cuckoo Wharf Lichfield Road Birmingham B6 7SS

VICTORY HOMES LIVERPOOL

CONTENTS

Page
Independent examiner’s report 1
Trustees Report 2 - 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12-16

VICTORY HOMES LIVERPOOL

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF VICTORY HOMES LIVERPOOL

I report to the trustees on my examination of the financial statements of Victory Homes Liverpool (the Charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the Charity (and its directors for the purposes of Company Law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the act 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity’s financial statements conducted under section 145 of the Charities Act 2011 (the 2011 Act). In conducting my examination, I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £35,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians (AAT), which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act: or

  2. the financial statements do not accord with these records; or

  3. the financial statements do not comply with the accounting requirements of section 396 of the Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the financial statements to be reached.

Erdingsworth Business & Tax Advisors Ltd

Unit 3 Cuckoo Wharf Lichfield Road Birmingham B6 7SS

Dated: 13[th] January 2026

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT FOR THE YEAR ENDED 31[st] MARCH 2025

The trustees present their annual report and financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011, and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

The board of trustees are satisfied with the performance of the charity during the year and the position on 31 March 2025 and consider that the charity is in a strong position to continue its activities during the coming year, and the charity’s assets are adequate to fulfil its obligations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure, governance, and management

a. Constitution

Victory Homes Liverpool is a Charitable Incorporated Organisation (CIO) registered with the with the Charity Commission in England and Wales and governed by the board of Trustees. The maximum number of Trustees shall be fifteen and the minimum shall be three, being either; - elected at the annual general meeting (there being no more than ten such elected Trustees in total) and who shall hold office from the conclusion of that meeting or - co-opted by the Trustee Board provided that on appointment the total number of co-opted Trustees does not exceed one third of the total number of Trustees.

The trustees who have served during the year can be seen above. None of the trustees has any beneficial interest in the company.

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

b. Recruitment and appointment of trustees

Individuals over the age of 18 years, who are interested in furthering the work of the charity and are not paid or volunteer workers (currently or in the past) of the charity can apply to be a Trustee / Director (Trustee) of the company.

The process starts with receipt of their expression of interest. Our Chair contacts the candidate to give details about the role and explain the next steps. A panel made up of two Trustees and the Company Secretary oversee an interview process. Should the panel feel, the candidate should be recommended to the Board, references are sought. When references are received the panel makes a proposal to the Board. The Board votes to accept the new Trustee, it must be unanimous.

Trustees recruited following this process are automatically given company membership. The Board shall elect from its number a Chair and Treasurer and may elect one of its number to Vice Chair.

New trustees are briefed on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan, and the recent financial performance of the charity. They also meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the understanding of their role.

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

c. Organisational structure and decision-making policies

Victory Homes Liverpool is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission in England and Wales and governed by the Board of Trustees and the main aim is the advancement of the Christian faith in accordance with the doctrines set out in the underwritten fourth schedule and the worship of God in the said county and elsewhere and by any means whatsoever including ( but not by way of limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of the Christian people and the printing and the distribution of the Bible and Christian literature including video and audio recordings or CDs and by any other media, which or may become available.

Pay and Remuneration of Key Management Personnel

The trustees consider that the board of trustees and the senior management team (SMT) comprise the key management personnel of the charity. The charity’s senior management team are all paid in accordance with a published scale of grades used in the voluntary sector. Any increases to these published grades are approved by the trustee board. The chief executive's salary is reviewed and approved by the trustee board separately but in line with the policy set out above.

Key risks and Uncertainties

The trustees having had consideration to and mindful of the risk factors for the charity identify the following:

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Factors that are likely to affect the financial performance or position in 2024/25 and further years:

Objects

The charity’s purposes, as set out in the objects contained in the Company’s Memorandum of Association, are to promote the advancement of the Christian faith in accordance with the doctrines set out in the underwritten fourth schedule and the worship of God in the said county and elsewhere and by any means whatsoever including ( but not by way of limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of the Christian people and the printing and the distribution of the Bible and Christian literature including video and audio recordings or CDs and by any other media, which or may become available.

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

Our main objectives for the year have been developing our service so that it really meets the needs of the clients we are trying to support. Key activities have included:

The advancement of the Christian faith in accordance with the doctrines set out in the underwritten fourth schedule and the worship of God in the said county and elsewhere and by any means whatsoever including ( but not by way of limitation) the preaching and proclamation of the Christian Gospel and the teaching of Christian doctrine and principles and the pastoral care of the Christian people and the printing and the distribution of the Bible and Christian literature including video and audio recordings or CDs and by any other media, which or may become available.

HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT

Our main activities and who we try to help are described below. All our charitable activities focus on providing the advice people need for the problems they face and are undertaken specifically to provide public benefit. The board of trustees have had due regard to the Charity Commission guidance on public benefit and have complied with the duty in section 4 of the Charities Act 2011.

  1. The relief of persons who are in conditions of need or hardship and consequently are in distress or who are sick.

  2. The advancement of education on the basis of the above Christian principles and without prejudice to the generality of the foregoing provisions of such education in any educational establishment and if the trustees so decide the provision of one or more charitable education establishments for the general education of children or adults on the basis of such Christian principles.

ACHIEVEMENTS AND PERFORMANCE

For the period 2024-2025 we have had the following outcomes:

  1. 76 men came to our ‘Victory Home Programme’’ in the year ending March 2025. This number includes those that have joined us for a short time for what was sufficient for their needs. Others were assisted by signposting to more appropriate settings with other housing options and assisted in their transition.

  2. 7 men graduated from the programme in that period.

  3. During this period, several men attended regional events including Victory Outreach Church Manchester and the Urban Training Centre in Amsterdam, and some attended international training in leadership events in America.

  4. Risley Prison-26 May 2024

  5. Sunday Service

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

Our achievement in the relief of persons who are in need or hardship, distress or sick has continually been met. This has been achieved by reaching some of the most hard to reach people through daily outreach and partnering with other organisations.

These partnerships have enabled us to sign-post our beneficiaries to other agencies and organisations that meet needs that we do not provide.

Work with such groups as the Liverpool Homeless Football Club has created a wider network group for many, especially when they move on from Victory Homes, through relationship building, access to additional services and ability to have an holistic approach with dealing with mental health and isolation through football. Some graduates have moved on to become volunteers and workers for the LHF.

Contribution of Volunteers and Paid Staff

Volunteers play a huge part in the facilitating of the Victory Homes Programme.

Peer-mentoring takes place on a daily basis, while volunteers from those that have completed or participated in the programme are also a significant contribution to all we do. With the continued help and support of volunteers we are able to continue to deliver a quality service.

Other volunteers also include members of the local church we partner with Victory Outreach, where volunteers provide time and resources in pastoral care, accompanying residents to appointments, administrative duties, cooking and donations. In 2024-2025, the vision and goal for Victory Homes is to see another

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

The availability of funding in the charity sector remains difficult in a period of austerity. The charity is focused on providing added value to its funders from a base of sound monetary management and ensuring that our services remain relevant to the strategic objectives of stakeholders at local and national level.

The charity is working hard to deliver a cost-effective service that genuinely meets the needs of our clients. It remains a challenging prospect to meet the increasing demand with significantly reduced funding resources.

In the reporting period, the charity had a total income of £34,360 (2023/24: £32,093) and expenditure of £26,710 (2023/24: £11.810). At the year end the charity’s total funds stand at £56,296 (2023/24: £37,970).

Principal Funding Sources

The total income for the year of £34,360 represents a net increase of £2,267 compared to 2023/24.

We are especially grateful to the members of the public who have generously donated money to our service over the year.

Investment Policy

As required in its Memorandum, paragraph 4.17, in furtherance of its objects, and for no other purposes, the Company has the power to invest or deposit funds in any lawful manner (but to invest only after obtaining professional advice and having regard to the suitability of investments and the need for diversification).

Reserves Policy

Victory Homes Liverpool is required to ensure that free monies are available in each fiscal year to meet any foreseeable contingency. The trustees consider that it would be prudent to set aside an amount equivalent to 3-6 months' operating expenditure . The value of this will be calculated using an average of 3-6 months running costs based on the current annual budget. This is reviewed on a quarterly basis.

Going Concern

After making further appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the near future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

VICTORY HOMES LIVERPOOL

TRUSTEES REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2025

FUTURE PLANS

Developing a sustainable service that meets the needs of our clients remains a priority of the trustee board for 2024/25. The charity will build on the work completed in the previous fiscal year to develop diversified funding streams to increase our sustainability and enable us to build a diverse service that is responsive to client needs.

The charity will continue to work to ensure that it delivers a cost-effective service, meaning that we are not only offering value for money to our existing funders but that we have a viable offer, whilst never compromising on the high-quality service that our clients expect and deserve.

During the year 2024/25 we will improve our internal monitoring mechanisms ensuring that we have a clear understanding of each element of the service, the benefits of that are many - we can ensure that we are achieving as much as we can possibly achieve and delivering an excellent service to our clients and our funders, and we can also understand our business offer and can market our service accordingly.

The annual report was approved by the trustees of the charity on 13[th] January 2026 and signed on its behalf by

………………..

Nathan Peoples Chair of Trustees

VICTORY HOMES LIVERPOOL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income from
Income from charitable
activities
3
Total Income
Expenditure on:
Charitable activites
4
Net income for the year/
Net movement in funds
Fund balances at 1 April 2023
Fund balances at 31 March
2024		 Unrestricted
funds
2025
£
34,360
34,360
26,710
7,650
48,646
56,296		 Total
2025
£
34,360
34,360
26,710
7,650
48,646
56,296		 Unrestricted
funds
2024
£
32,093
32,093
11,810
20,283
28,363
48,646		 Total
2024
£
32,093
32,093
11,810
20,283
28,363
48,646

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

VICTORY HOMES LIVERPOOL

BALANCE SHEET AS AT 31 MARCH 2025

Notes
Current assets
Cash on hand
Debtors
5
Creditors: amounts falling due within
one year
6
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
General unrestricted funds		 £
£
£
£
9,362
4,096
47,366
34,306
56,728
38,402
432
432
56,296
37,970
56,296
37,970
56,296
37,970
56,296
37,970
56,296
37,970
2025
2024
56,728
432
56,296

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the trustees on 13[th] January 2026

………………………….. Nathan Peoples Trustee

VICTORY HOMES LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting Policies

Charity Information

Victory Homes Liverpool is a Charity registered in England and Wales. The registered office is 122 Sheil Road, Liverpool, L6 7UA

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charity’s (governing document), the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (FRS 102) and the Charities SORP “Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity is a Public Benefit Entity as defined by FRS 102.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the near future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

VICTORY HOMES LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting Policies (continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated based on time spent, and depreciation charges are allocated on the portion of the assets use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operation from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

VICTORY HOMES LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the trustees are required to make judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that, or in the period of the revision and future periods where the revision affects both current and future periods.

VICTORY HOMES LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Donations and legacies

Donations and gifts
Leagacies receivable
Donations and gifts
Donations and gifts
Donated accountancy		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
34,360
32,093
-
-
34,360
32,093
(Continued)
34,360
32,093
-
-
34,360
32,093

4 Charitable activities

Office premises and
other costs
Governance costs
Staff and training
Analysis by fund
Unrestricted funds		 Projects
Total
Projects
Total
2025
2025
2024
2024
£
£
£
£
26,278
26,278
11,378
11,378
432
432
432
432
-
-
-
-
26,710
26,710
11,810
11,810
26,710
26,710
11,810
11,810
26,710
26,710
11,810
11,810

VICTORY HOMES LIVERPOOL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5
Debtors
6
Creditors: amounts falling due within one year
Victory Outreach Church Liverpool
Accruals and deffered income		 2025
2024
£
£
47,366
34,306
47,366
34,306
2025
2024
£
£
432
432
432
432

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Related party transactions

There were no disclosable related party transactions during the year (2024: £nil).

10 Independent examination

The remuneration paid to the independent examiner was £432 (2024: £432).