2023-03-31-accounts

		Page
Chairman's statement
Trustees' report		2-6
Statement oftrustees'	responsibilities
Independent examiner's report
Statement offinancial	activities
Balance sheet		10
Notes to the financial	statements	11-21

Reference and administrative	Reference and administrative	Reference and administrative	details
Name			Victory Outreach	U.K
Charity mgistration		number	291611
Principal oNce			The Bush Hotel
			High Street
			Abertillery
			NP13 1DD
Trustees			Mr Robert Hart (Chair)
			Mr John VNlliams
			MrAndrew Parsons
Key management		personnel	Mr Andrew Parsons - Director
			Mrs Susan Parsons —Finance Manager
Bankers			HSBC pic
			38Gwent Square
			Cwmbran
			Torfaen
			NP44 1XL
Independent	Examiner		Azets Audit Services
			Ty Derw
			Lime Tree Court
			Cardiff Gate Business Park
			Cardiff
			CF23 BAB

				Unrestricted	Unrestricted	Restdicted	Total
				funds	funds	funds
				2023	2022	2022	2022
			Notes	2	6	6	6
Donations and	legacies		3	250,173	51,738		51,738
Charitable activities			4	43,940	116,540	35,333	151,873
Investments			5	523	411		411
Other income			6		10,838		10,838
Total income				294,636	179,527	35,333	214,860
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Charitable activities			7	248,006	222,263	35,333	257,596
Net income/(expenditure)		for the year/
Net movement	in funds			46,630	(42,736)		(42,736)
Fund balances	at 1 April	2022		1,231,025	1,273,761		1,273,761
Fund balances	at 31March 2023			1,277,655	1,231,025		1,231,025

				2023		2022
			Notes	E		6	2
Fixed assets
Tangible assets			13		1,058,986		1,104,216
Investments			14		100		100
					1,059,086		1,104,316
Cunent assets
Debtors				1,155		10,400
Cash at bank and in		hand		228,238		127,959
				229,393		138,359
Creditors:	amounts	falling due within	16
one year				(10,824)		(11,650)
Net current	assets				218,569		126,709
Total assets less cunent liabilities					1,277,655		1,231,025
Income funds
tLnnrglggtgd	Igggg
Designated	funds		18	1,058,986		1,104,216
General unrestricted		funds		218,669		128,809
					1,277,655		1,231,025
					1,277,655		1,231,025

		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		8	8
Donations	and gifts	250,173	51,738
Donations	and gifbr
Donations		248,581	48,199
Gift aid		1,592	3,539
		250,173	51,738

							2023	2022
							8	8
	Housing	benefit and			rental income		43,940	116,540
	Grants							35,333
							43,940	151,873
	Analysis	by		fund
	Unrestricted			funds			43,940	115,540
	Restricted		funds					35,333
	Grants
	HMRC	Coronavirus			Job Retention	Scheme		35,333
								35,333
5	Investments
							Unrestricted	Unrestricted
							funds	funds
							2023	2022
							5	5
	Interest	receivable					523	411
8	Other income
							Total	Unrestricted
								funds
							2023	2022
							5	8
	Other income							10,838

				2023	2022
				5	6
Staff costs				80,368	77,843
Depreciation		and impairment		55,952	54,198
Rehabilitation		costs		52,015	91,039
				188,335	223,080
Share of	support costs (see note 8)			55,463	30,911
Share of	governance		costs (see note 8)	4,208	3,605
				248,006	257,596
Analysis	by	fund
Unrestricted		funds		248,006	222,263
Restricted	funds				35,333

Support co	sts
		Support	Governance	2023	2022	Basis ofallocation
		costs	costs
		6	6
Staffcosts		20,092		20,092	19,461	Time spent
Office expenses		32,067		32,067	10,256	Direct apportionment
Professional	fees	3,304		3,304	1,194	Direct apportionment
Accountancy	fees		4,208	4,208	3,605	Governance
		55,463	4,208	59,671	34,516
Analysed between
Charitable activities		55,463	4,208	59,671	34,516

The average monthly number ofemployees during th	e year was:
	2023	2022
	Number	Number
Number ofstaff
Employment costs	2023	2022f
Wages and salaries	90,118	89,939
Social secuffity costs	9,016	6,998
Other pension costs	1,326	367
	100,460	97,304

13	Tangible fixed assets	Tangible fixed assets
				Freehold	Orace Motor vehicles		Total
				property and	equipment
				land
				6
	Cost
	At 1 April 2022			1,504,103	134,223	44,144	1,682,470
	Additions				10,722		10,722
	At 31 March	2023		1,504,103	144,945	44,144	1,693,192
	Depreciation	and impairment
	At 1 April 2022			451,837	92,321	34,096	578,254
	Depreciation	charged	in the year	30,082	17,341	8,529	55,952
	At 31 March	2023		481,919	109,662	42,625	634,206
	Carrying amount
	At 31 March	2023		1,022,184	35,283	1,519	1,058,986
	At 31 March	2022		1,052,266	41,903	10,047	1,104,216

			2023	2022
Other investments	comprise:	Notes	5	6
Investments in subsidiaries		21	100	100
Debtors
			2023	2022
Amounts falling	due within one year:		6	8
Trade debtors				1,879
Amount owed by	parent undertaking		495	495
Other debtors			660	8,026
			1,155	10,400

Creditors: amounts falling due within one year
	2023	2022
	5	6
Other taxation and social security	1,869	1,124
Trade creditors		2,258
Other creditors	4,252	91
Accruals and deferred income	4,703	8,177
	10,824	11,650

					Movement	in funds	in funds		Movement
									in funds
			Balance at IApril 2021		Incoming resources		Resources expended	Balance at 1April 2022	Incoming resources	Balance at 31March 2023
				6	6		6	6	6
HMRC Coronavirus		Job
Retention	Scheme				35,333		(35,333)
HMRC Coronavirus		Job Retention		Scheme
Amounts	received regarding		furlough	submissions to fund			wage and salary costs.

		Balance at	Resources	lteosrers	Balance st	Resources	Transfers	science at
		1April 2021	expended		1April 2022	expended		31March 2023
		6	5	5	5		8	6
Fixed	asset
fund		1,155,635	(54,198)	2,779	1,104,216	(55,952)	10,722	1,058,986
		1,155,635	(54,198)	2,779	1,104,216	(55,952)	10,722	1,058,986

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