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|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|
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|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||
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|||||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|
|KXttggd(tt(083)0;||||||||
|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|
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|||||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|
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|||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|
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||||||||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|
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|||||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|
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|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||
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|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|
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|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|
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||||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|
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|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.||||
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|||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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