Charity registration number 291611
VICTORY OUTREACH U.K.
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

VICTORY OUTREACH U.K.
CONTENTS
Page
Chaimian's statement
Trustees, report
Stslemenl of trustees, responsibilities
Independent examiner's report
Statement of financial activities
Balance sheet
10
Notes to the financial statements

VICTORY OUTREACH U.K.
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
Chair's Report
It gives me great pleasure to bring this report on the work of Victory Outreach UK for the last financial year ending
31 March 2024.
Every year has ils challenges lo achieve the objectives of the charity as laid out in its constitution, and this year has
been no different. However, rt is with optirnism that we face another year.
We are grateful for the support we receive from our donors who support the work which is being done and of each
generous gift we re¢&ive. 11 is only with the faithfulness and generosity of so m8ny that th& work continues.
Financially the year has been very challenging, bul il has been a joy lo ￿port the valuable work that is being done.
Staffing levels have been maintsined and because of this, we have retsined the aims and objectivos of Ihg charity,
following the decision to accommodate families from ethnic backgrounds who were desperate for accommodation.
Keeping abreast with regulations and legislation is important in any business but none more so than when, as we
do, deal with vulnerable people. The importance of following the Charity Commission guidance is a paramoLJnt
feature. Obtaining and maintaining the required legal certification is equally important and sometimes costly. The
year conlinued to see maintenance following stomi damage and refurbishment of the buildings, both inside and out
and to meet ever changing regulalions and standards and invest in the same for the future. The cost of the storm
damage has been recovered from our building's insurance.
We are also grateful for volunteers who comply with the charity's policies.
The trustees are grateful lo Pastor Andrew Parsons, as Director of VOUK, for continuing to lead the charity forward
towards increasing success in the charity's objective of rehabilitating the vulnerable and disadvantaged men and
women.
This report is submitted on behalf of the trustees of Victory Outreach UK.
Robert J Hart
Chairman of the board of trustees of Victory Outreach UK

VICTORY OUTREACH U.K.
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The truslees present their annual report and financial statements for the year ended 31 March 2024.
The fin8ncial slalements have been prepared in 8ccord8nce with the accounting policies sel out in note 1 to the
financial ststemenls and comply with the ¢harity's governing do¢umenl, the Charities Act 2011 and "Ac¢ounling
and Reporting by Charities". Slalemenl of Recommended Practice applicable to charities preparing their accounts
in a￿ordance with the Financial Roporting Standard applicable in the UK and Republic of Iroland IFRS 1021
(effective 1 January 20191..
Objectives and activities
The objects of the charity as contsined in the Constitution are=
To provide a secure Christian home for ex-offenders and those excluded by social disadvantage.
To offer rehabilitation.
To offer holistic treatment through both practical and spiritual programs,
To help prepare clients back into society,
To alleviate poverty.
The main activities undertaken in relation to those purposes are detailed throughout this report.
The aims of the charity are to equip clients with their latent skills for introduction lo the workplace and lo enhan
their opportunities to be free of their addictions. To achieve this clients are given regular routine tasks, learning
from each other and attending college.
To achieve the above clients receive regular mentoring, leaching and training through holistic disciplines.
Success can only be measured by noting the changes in the lives of those who seek help and VOUK have been
able lo measure its success in seeing both men and women re-establishing themselves back into their families
from which they had previously become oulcasls, and back into a society of worth where they have secured
employment and their own living accommodation.
Public Benefit
We have referred lo the guidance contained in the Charty Commission's general guidance on public benefits
when reviewing our aims and objectives and in the planning of our future activities in particular the trustees
onsider how planned activities will contribute to the aims and objectives of the charity.
The main a¢livilies undertaken to further the charity's purposes for public benefit 8re detailed through the report.
Achievements and performance
Home updates
The support for legal migrants from Africa is continuing and providing much needed housing for a number of
families within the Bush Hotel and the home in Cwmbran.
The following ¢hanges have been actioned to help redu¢e the expected energy bill increases due in October and
Ljtilises homes in a more efficient way.
Thè Bush Hotel
One family has moved over from Cwmbran to Tho Bush Hotel, we will eventually move the remaining family
over when we need to use the home or have a single person living Ihere to reduce energy bills and provide
security at the home.
Additional rooms at the Bush will now be renovated helping to increase the homes rental potential and help meet
our current monthly deficits. The addition of a boiler booster re￿ntlY fitted now allows all the first landing rooms
to be heated up.
Ob
ectives
We will continue lo increase the residency levels at the Bush with sirllilar tenants, providing safe and secure
housing.

VICTORY OUTREACH U.K.
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Woodsldè Lodge
Renovation continues with three additional interiors planned for renovation this October, Ihis will indude the main
bathroom, the small single shower room, the Kitchen tiled and the en suite bathroom replaced.
Further decorating, renovations indoor and outside will then be quoted.
Ob
ectives
We will continue to prepare the horne for private individuals looking to invest in their recovery and health and
wellbeing.
Rohilla House
One family remains in the home and will continue to until we have suitsble staff to then populate the home for
rehabilitation I housing support servI￿s.
Overall property maintenance
All certification on all homes are completed and we are complaint with hmo licen
VOUK finances
We continue lo drop each month due to low resident occupation and non-housing benefit user. This should be
balanced once we have additional room ready at the Bush along with woodside lodge ¢ompleted.
We are also responding with a legal consultsnt lo Caerphilly council who unlawfully closed our housing benefit
a¢¢ess for Woodside Lodge who also owe us £6k. A rent review will now bo tsken al the beginning of O¢lobor for
all the homes with migrant use.
Elwood Hou$0
The buyer has signalled that he wants to continue with the purchase, however, no practical steps have materials
and I will be placing the property on the market again.
Financial review
At the year end the charity had unrestricted resetves of £1,034,781, consisting of., cash at bank and in hand
£155,412, debtors of £495, investmenis in subsidiaries of £100, fixed assets of £1,019,487 and creditors of
£140,713. The free resetves of the charity totalled £15,294. The charity made an unrestricted deficit of £242,874.
Reserves Policy
Unrestricted funds not committed or invested in tangible fixed assets l.the free reserves'l held by the charity
should be between three and six months of the resources expended, which equates to approximately £47,848 to
£95,696 in general funds. At this level, the board of trustees feel that it would be able to continue the current
activities of the charity in the event of a significant drop in funding, It would obviously be necessary to consider
how the funding would be replaced or activities changed accordingly. At the balance sheet date the free reserves
were £15,294. This is currently below the largel level.
Investment powers and policy
The Conslilulion allows the trustees lo invest in any stocks, funds, shares, securities or other investments of
whatsoever nature as the trustees in their absolute discretion see fil. As income is utilised within a short lime
after receipt, the trustees consider that the most appropriate policy for investing funds is lo place them on short-
term deposit.
Risk Review
A strategic review is in the process of being carried out which will identrfy the risks lo which the charity is
potentially exposed lo.11 is anticipated that the review will result in furthers systems being pul in place lo manage
those possible risks. Intemal risks a￿ minimised by the implementslion of effective inltrrnal Control procedures
which ensure both appropriate safeguarding prO￿dureS and ¢onsislenl delivery of operations and aspects of the
Charity. These pro¢oduros are periodically reviewed for their continuing effectiveness.

VICTORY OUTREACH U.K.
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The risks lo the charity which have been identified are'.-
Levels of siaffing. Reliable, honest and trusiworthy staff are important to the charity and the commitment is
always considered on appointment
Fabric of Homes. If homes are neglected in their upkeep, they can quickly become dilapidated to a point of
being beyond repair and will not meet the necessary legal requirements for habitation. The assets are
maintained on a daily basis.
Cutbacks in benefits as a source of income. The charity is dependent on the benefits the residents receive
and any change in government or local authority policies could be detrimental.
Litigation. Objectors to the work of the charity can involve litigation from a nurllber of sources and can impact
the charity's work and finance. To mitigate this, early mediation is important.
Plans for futuro pèriods
A complete intemal renovalion will be planned over the nexl three years upgrading and further developing our
services. Additional rooms will also be built at our mens home along with the development of our preparation for
work programmes with national agencies. Our overall plans will also include a new financial slrategy to help
provide and generate income to sustain and grow our services.

VICTORY OUTREACH U.K.
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structurè, governance and managemont
Victory Outreach UK is constituted as a registered charity under a Deed of Trust dated 21 October 1998. The
Charity's registration number is 291611. The charity is an unincorporated entity.
Recruitment of trustees
Trustees are duly appointed by recommendation as sel out in the Trust Deed. The nuwber of Iruslees consists of
no less than three and no more than seven. If the number of trustees falls below three, a Iruslee musl be
appointed immediately. New Trustees may be appointed by a resolution of the trustees and recorded in minutes.
A Iruslee can retire at any point by putting hislher resignation in writing. this is also recorded in the minutes. The
trustees may, in their absolute discretion, remove any trustee by a resolution proposed al a meeting of the
trustees , as long as this is approved by the majority. The trustees from tirne to lime may wish to appoint an
honor8ry secretary or Ire8surer, this person does not have lo be a trustee. The Iruslees also select a chairman
and determine the period for which helshe is lo serve.
Those within our organisation that are dedicated lo the charity's aims and development are considored for future
trusteeship.
TrustO0s Indudlon
New trLJStees will receive an induction pack, a handbDok with all the policies and procedures adopted by the
board and an induction.
Related parties
The charity works with a number of local agencies such as Probations serVi￿S, Prison Services, Carat workers
and many other agencies. We also have close relationships with referring agenaes such as The Lighthouse
Project, Gateway Foundation and a number of hostels in the UK.
Decisions relating to the charity are made at two levels. The trustees make the decision on the appointment of
the director and also on the purchase of assets over £40,000. Decisions relating to the appointment of staff, their
remuneration and the day to day running and affairs of the charity are delegated to the director.
Trustees are appointed in accordan￿ with the constitution of the charity and their induction and any training is in
accordance with the relative policy.

VICTORY OUTREACH U.K.
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
R8fèr•nco and admlnlstratlva detalls
Nama
Victory Outreach U.K
Charity registration number
291611
Principal office
The Bush Hotel
High Street
Abertillery
NP13 1DD
Trustees
Mr Robert Hart (Chairl
Mr John Williams
Mr Andrew Parsons
Key management personnel
Mr Andrew Parsons- Director
Mrs Susan Parsons- Finance Manager
Bankers
HSBC plc
38 Gwenl Square
Cwmbran
Torfaen
NP44 1XL
Independent Examlner
Azèts ALJdit Services
Ty Derw
Lime Tree CoLJrt
Cardiff Gate Business Park
Cardiff
CF23 8AB
The truslees. report was approved by the Board of Trustees.
Mr Robert Hart. Trustee
Dated.. . 31 la¢ju￿¥ 2045

VICTORY OUTREACH U.K.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUr￿S and
application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently,.
observe the rnelhods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subjed lo any material departure5 disclosed
and explained in the financial ststemenls., and
prepare the financial slalemenls on the going con¢&rn basis unless il is inappropriate lo presume that the charity
will Continue in operation.
The trustees are responsible for keeping sufficient a￿O￿ntIng records that dis¢lose with reasonable a￿Ur8¢Y at any
time the financial position of the charity and enable them to ensure that the financial statements ¢omply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulation$ 2008 and the provisions of the trust deed. They
are also responsible for safèguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregLJlarities.
The trustees are responsible for the Maintenan￿ and integrity of the charity and financial inforrnalion included on
the charity's website. Legislation in the United Kingdom goveming the preparation and dissemination of financial
statements may differ from legislakn'on in other jurisdictions.

VICTORY OUTREACH U.K.
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF VICTORY OUTREACH U.K.
I report on the financial statements of the charity for the year ended 31 March 2024, which are set out on pages 9
to 20.
Respe¢tive responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees
consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act)
and that an independent examination is needed.
It is my responsibility lo..
examine the financial statements under section 145 of the 2011 Act.,
lill to follow the procedures laid down in the general Directions given by the Charity Commission under section
14515llbl of the 2011 Act., and
liiil to slate whether particular matters have come lo my attention.
Basis of independent exarninerfs report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a ￿VIeW of the 8¢¢ounling ￿cOrdS kept by the charity and a comparison of the financial
slalemenls presented with those records. It also includes consideration of any unusual items or disclosu￿$ in the
financial ststements, and seeking explanations from you as trustees ¢on¢erning any such matters. The
procedures undertaken do not provide all the evidence that would be required in an audit and ¢onsequendy no
opinion is given as to whether the financial statements present a 'true and fair view, and the report is limited to
those matters set out in the next statement.
Independent examiner's Statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordan￿ with
Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting
by Charilies.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant
regulations but has now been withdrawn.
l understand that this has been done in order for the financial statements to provide a true and fair view in
accordan￿ with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1
January 2015.
In ¢onne¢tion with my examination, no other matter ex￿pt that referred to in the previous paragraph has ¢ome to
my attention..
lal which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting records in accordance with section 130 of the 2011 Act., and
lill to prepare financial slalements which accord with the accounting records and Comply with the
accounting requirements of the 2011 A¢l',
have not been mel or
Ibl to which, in rlly opinion, attention should be drawn in order lo enable a proper understsnding of the
financial statements lo be reached.
Craig Yearsley FCCA
Azets Audit Services
Ty Denm, Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
United Kingdom
3 FebfU8ry 2025
Dated..

VICTORY OUTREACH U.K.
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Unrestricted
funds
funds
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
28,489
41,953
3,117
9,971
250,173
43,940
523
Total income
83,530
294,636
enditure on=
Charitable activities
326,404
248,006
Nat l•xp8ndltur8)Ilncome for the yèarl
Net movement in funds
1242,8741
46,630
Fund balances at 1 April 2023
1,277,655
1,231,025
Fund balances at 31 March 2024
1,034,781
1,277,655
The state￿ent of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.

VICTORY OUTREACH U.K.
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Flxed assèts
Tangible assets
Investments
13
14
1,019,487
100
1,058,986
100
1,019,587
1,059,086
Current assets
Debtors
Cash at bank and in hand
15
495
155,412
1,155
228,238
155,907
229,393
Crèdltors: amounts falllng du8 wlthln
on• yèar
16
{140,7131
110,8241
Nel ¢urrenl assets
15,194
218,569
Total assets less current liabilities
1,034,781
1,277,65S
Income funds
Unreslricled funds
Designated funds
General unrestricted funds
17
1,019,487
15,294
1,058,986
218,669
1,034,781
1,277,655
1,034,781
1,277,655
The financial stslemenls were approved by the Trustees on .
31 Jar￿&1Y 20n
Trustee Il•trwt I lim
10-

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcle$
Charity information
Victory Outreach U.K. is a unincorporated charity, whose principal office is The Bush Hotel, High Street,
Abertillery, NP13 1 DD.
1.1 A¢¢ounting convention
The financial siatements have been prepared in accordance with the charity's governing document, the
Charities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update
Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than Ihe version of the Statement of
Recommended Practice which is referred to in Ihe Regulab'ons but which has since been withdrawn.
The financial s18lemenls are prepared in sltrrling, which is the functional Currency of the charity. Monetsry
amounts in these financial slalemenls are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are sel out below.
1.2 Going concern
At the lime of approving the accounts, the Iruslees have a reasonable expectslion that the charity has
adequate resources lo continue in operational existence for the foreseeable future. Thus the Iruslees continue
to adopt the going concem basis of accounting in preparing the accounts.
1.3 Charitsble funds
Unrestricled funds are available for use at the discretion of the trLJStees in furtherance of their charitsble
objectives.
Designated funds comprise funds which have been set aside al the discretion of the trustees for specific
purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Reslricled funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the reslricled funds are sel out in the notes to the financial statements.
1.4 Incoming resources
In¢ome is recognised when the charity is legally entitled to it after any performan¢e ¢onditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donats'ons are recognised on re￿ipt. Other donations are recognised On￿ 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 GiftAid or deeds of covenant is recognised at the time of the donation.

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinuedl
The value of any voluntary help received is not included in the accounts but is described in the trustees,
annual report.
Income from grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has
entitlement lo the funds, any performance conditions attached to the grants have been mel, it is probable that
the income will be received and the amount can be measured reliably and is not deferred, Capital grants are
released to the Statement of Financial Activities in the year of receipt. Fixed assets relating lo capital grants
are capilalised, and depreciation charged is offset against grant income, in a reslricled fund.
Income from interest is included in the accounts when re￿Ipl is probable and the amount receivable can be
measured reliably.
Income from housing benefit and rent is recognised in the period to which the service is provided.
1.5 Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure is classified under the following aclivity headings..
Expenditure on charitable activities includes all costs relating to the furtherance of the charity's objectives as
stated in the trustees report and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support costs have been allocated between governance costs and other support. Govemance costs
comprise all costs involving public accounlabilily of the charity and its compliance with regulation and good
practice.
Support costs include central functions and have been allocated to activity cost categories on a basis
consislenl with the use of resources.
There has been no offsetting of assols and liabilities, or income and expenses, unless required or permitted
by the FRS 102 SORP or FRS 102.
1.6 Tangible fixed assats
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of
depreciation and any impairment losses.
Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold property and land
Buildings
Fixtures and fillings
Motor vehicles
No dep￿CIall0n applied lo land
2.10 per annum
20.10 per annum
200A per annum
12-

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinuedl
1.7 Fixed asset investments
Fixed asset investments are initially measured al transaction price excluding transaction costs, and are
subsequently rneasured at fair value al each reporting date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transath'on costs are expensed as incurred.
A subsidiary is an entity controlled by the charity. Control is th& power to govern the financial and operating
policies of the entity so as lo obtsin benefits from its activities.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al c411 with banks, other short-lerm liquid
investments With original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in ¢urr&nl liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Olher Finan¢ial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the
¢ontra¢tual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amoLJnts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement conslilules 8 financing tonsaction, where the transaction is
measured at the present value of the future receipts discounted al a market rale of interest. Financial 8ssels
Classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are dere¢ognised only when the ¢onlra¢lual rights lo the cash flows from the asset expire or
are settled. or when the charity transfers the financial asset and substantially all the risks and rewards of
ownership to anothèr entity, or if some significant risks and rewards of ownership are retsined but control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third paty.
Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless
the arrangement conslilules a financing Iransaclion, where the debt instrument Is measured al the present
value of the future payments discounted at a market rate of interest. Financial liabilities Classified as payable
within one year are not amortised.
Trade Creditors are obligations to pay for goods or services that have been a¢qui￿d in the ordinary Course of
operations 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-¢urrent liabilities. Trade ¢reditors are re¢ognised initially at
transa¢tion price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the ¢harily's ¢onlra¢tLJal obligations expire or are discharged or
¢an¢elled.

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Icontinuedl
1.10 Employee benefits
The cost of any unused holiday enlillemenl is recognised in the period in which the employee's services are
received.
Termination benefits are re￿gnised immediately as an expense when the charity is demonstrably committed
to lerminale the ernployrnenl of an employee or lo provide lerminalion benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are reqLJired lo make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumpb'ons are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underfying 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
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Donatlons and lega¢le$
Unrestricted Unrestricted
funds
funds
2024
2023
Donations and gtfts
28,489
250,173
Donations and gifts
Donations
Gift aid
28,097
392
248,581
1,592
28,489
250,173
Included in donations in 2023 was £194,235 received from Victory Bream Church.
Charitable activities
2024
2023
Housing benefit and rental income
41,953
43,940
14-

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Inltrrest receivable
3,117
523
Other income
Unrestricted
funds
Total
2024
2023
Nel gain on disposal of tangible fixed assets
Other income
3,245
6,726
9,971
Charitable activities
2024
2023
Staff ¢osts
Depreciation and impairment
Rehabilitstion costs
119,418
49,368
86,586
80,368
55,952
52,015
255,372
188,335
Share of support costs Isee note 81
Share of governance costs Isee note 81
66,573
4,459
55,463
4,208
326,404
248,006
Included in staff cosis are addilional costs relating to accrued remuneralion. Please refer to note 16.

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
costs
2024
2023 Basis of allocation
Staff costs
Office expenses
Professional fees
29,855
32,197
4,521
29,855
32,197
4,521
20,092 Time spent
32,067 Direct apportionment
3,304 Direct apportionment
Accountancy fees
4,459
4,459
4,208 Governance
66,573
4,459
71,032
59,671
Analysed between
Charitable activities
66,573
4,459
71,032
59,671
Governance costs includes payments to the independent examiners of £3,600
12023.. £3,498).
Trustees
No trustees were reimbursed for expenses12023'. no trustees were reimbursed for expenses)
1 trustee was remunerated £84,785 12023= 1 trustee lotslling £39,975) for paid employment which includes
accrued remuneration in relation lo 2023 lotaling £24,835. Trustees were not remunerated for their role as a
trustee.
No Iruslee received remuneration for their role as a trustee during the current or previous year.
16-

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employoes
Number ofemployees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Number of staff
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension ¢osls
129,853
15,952
3,468
90,118
9,016
1,326
149,273
100,460
Key management personnel
The lolal amount paid lo the charity's key rmanagement personnel for their ServI￿S to the charity tolalled
£135,59912023.. £75,112). This includes accrued remuneration in relation lo 2023 of £29,008.
There were no employees whose annual remuneration was £60,000 or more.
11 Deflned contrlbutlon s¢h¢m•
The company operate5 a defined contribution pension scheme. During the year employer'5 contributions
charged for these schemes amounted lo £nil12023.. £1,326). The amount outstanding al the year end was £nil
12023.. £4,252).
12 Taxation
The charily is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the exlent that these are applied to its charitable objects.
17-

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Tanglble flxed assèts
Freehold
property and
land
¢)ffice Motor vehlclès
equlpment
Total
Cost
At 1 April 2023
Additions
Disposals
1,504,103
144,944
10,024
44,144
1,693,191
10,024
13,0941
13,0941
At 31 March 2024
1,504,103
154,968
41,050
1,700,121
Depreciation and impairment
Al 1 April 2023
Depreciation charged in the year
Eliminated in respect of disposals
481,919
30,082
109,662
17,921
42,624
1,365
12,9391
634,205
49,368
12.9391
At 31 March 2024
512,001
127,583
41,050
680,634
Carrylng amount
At 31 March 2024
992,102
27,385
1,019,487
At 31 March 2023
1,022,184
35,283
1,519
1,058,986
14 Flxed asset Investments
2024
2023
Other investmenis comprise..
Notas
Investments in subsidiaries
20
100
100
15 Debtors
2024
2023
Amounts falling due within one year:
Amount owed by parent undertaking
Other dtrblors
495
495
660
495
1,155
18-

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Credltors: amounts falllng duè wlthln ono yoar
2024
2023
other taxation and social security
Other creditors
A¢cruals and deferred in¢ome
1,869
4,252
4,703
135,012
5.701
140,713
10,824
Within other creditors is £135,012 of costs relating lo wages owed for 22123 and 23124. These have been
recognised during the year. 11 was noted that £29,008 of these costs related lo 22123 bul the charity were
unaware of these costs al the point of preparing the 22123 financial slalemenls.
17 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific PLJrposes'.
Balance at
1 April 2022
Resources
expended
Trdnsfers
Balance at
1 April 2023
Resources
expended
Trdnsfers
Balance at
31 March 2024
Fixed asset
fund
1,104,216
155,9521
10,722 1,058,985
146,4291
6,931
1,019,487
1,104,216
155,9521
10,722 1,058,985
146,4291
6,931
1,019,487
The fixed asset fund represents thè functional fixed assets used to further the charills aims.
Transfers from the designated fund relate to additions and depreciation movement in the year.
19-

VICTORY OUTREACH U.K.
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Analysls of not assèts betw&on funds
Unrestricted Designated
funds
funds
2024
2024
Total Unrestricted Designated
funds
nds
2023
2023
Total
2024
2023
Fund balances at
31 March 2024
are represented
by..
Tangible assets
Investments
Current assetsllliabilitiesl
1,019,487
1,019,487
100
15,194
1,058,986
1,058,986
100
218,569
100
15,194
100
218,569
15,294
1,019,487
1,034,781
218,669
1,058,986
1,277,655
19 Related party transactions
No trLJStees were remunerated for consultancy work during the current or previous year. They were not
remunerated for their role as a trLJStee.
No trustee received remuneration for their role as a trustee during the current or previous year.
20 Subsidiaries
These financial statements are separate charity financial statements for Victory Outreach U.K.
The financial statements of the subsidiary ¢an be found on Companies House. The ¢ompany number is
10043967, a company registered in England and Wales whose registered office is The BLJsh Hotel, High
Street, Abertillery, Wales, NP13 1 DD.
As the gross income of the parent charity and its subsidiaries do not exceed the threshold limits consolidated
accounts have not been prepared.
Detsils of the charity's subsidiaries al 31 March 2024 are as follows..
Name of undertaking
Registered
office
Nature of business
Class of
Yo Held
shares held Dire¢t Indirect
Work Force Rehab Limited United Kingdom Buildingllrade related
Ordinary
Shares
100.00
The aggregate capital and reserves and the result for the year of subsidiaries exduded from consolidation
was as follows..
Name of undertaklng
ProfitllLossl Capltsl and
Reserves
Work Force Rehab Limited
14951
The investments in subsidiaries are all slated at cost.
20-