Registered Office Victory Outreach UK Bush Hotel, High Street, Abertillery, Gwent, NP13 1DD Tel: 01495 212516 Fax: 01495 212571 Web: www.victoryoutreachuk.com Email: office@vouk.org.uk ## TRUSTEES REPORT FOR THE YEAR ENDING 31[ST] MARCH 2025 The Trustees present their annual report and financial statements for the year ending 31[st] March 2025. The objectives of the Charity as contained 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. ## 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 Rohilla `house in Cwmbran. ## The Bush Hotel We have two families occupying the Bush Hotel totaling 8 occupants. Without both our supporters and the charities help, both these families and several other families would have been facing homelessness and be unable to complete their studies to become established in the UK, many of whom are now employed with visa sponsorships. ## Woodside Lodge Extensive internal renovations continue leaving about half of the property close to completion, a new larger boiler is now needed to accommodate the additional ensuites, along with complete interior furnishings are now planned. ## Rohilla House One family of five and a single tenant remain in the home and will continue to until we have suitable staff to then populate the home back for rehabilitation / housing support services. ## Overall property maintenance All certification on all homes is completed, and we are compliant with hmo license. The Bush Hotel is now in need of a roof repair that is undergoing an inspection and quotation. ## VOUK fnances We continue to drop each month due to low resident occupation and non-housing benefit users. Our legal consultant was successful in overturning the unlawful decision by Caerphilly Council to stop our housing benefit access for Woodside Lodge. We are still attempting to claim back £6k in back rent from this period. CHARITY NUMBER 291611 Making a Difference, One Life At a Time Registered Office Victory Outreach UK Bush Hotel, High Street, Abertillery, Gwent, NP13 1DD Tel: 01495 212516 Fax: 01495 212571 Web: www.victoryoutreachuk.com Email: office@vouk.org.uk ## CHAIRMANS OF THE TRUSTEES REPORT 2024-25 Chairmans report for the work of Victory Outreach UK for the last financial year ending 31[st] March 2025. 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 receive. It is only with the faithfulness and generosity of so many that the work continues, it has been a joy to report the continued valuable work the charity is involved in. The importance of following the Charity Commission guidance is a paramount feature. Obtaining and maintaining the required legal certification is equally important and sometimes costly. Extensive internal renovations are continuing at Woodside Lodge, and we are believing for additional increased donations to assist in the completion. We were sad to hear that Pastor Robert Hart decided to retire from being Chairman and Trustee, his tireless efforts over many years have been a great blessing and his service will be greatly missed. This report is submitted on behalf of the Trustees of Victory Outreach UK. Andrew Parsons Chairman of the board of Trustees of Victory Outreach UK CHARITY NUMBER 291611 Making a Difference, One Life At a Time Registered Office Victory Outreach UK Bush Hotel, High Street, Abertillery, Gwent, NP13 1DD Tel: 01495 212516 Fax: 01495 212571 Web: www.victoryoutreachuk.com Email: office@vouk.org.uk ## CHARITY GOVERNENCE, The Charity is overseen by a committee of trustees who are elected by the appointment of the existing trustees. The committee shall consist of no less than three and no more than seven trustees. A trustee may be a paid employee, and trustees hold office for a one-year period after which reappointment must be sought. The trustees must meet a minimum of twice per year The trustees act as caretakers of the charity and with the Director verify that its goals and objectives are carried out. They also have the power to appoint a Director to whom is delegated the day to day running of the charity , the raising of funds and the obtaining of grants and donations and to hold the Director responsible to work within the established policies and procedures , and to apply such funds as is necessary to carry out the work of the Charity . ## STRUCTURE AND MANAGEMENT The managers shall exercise a general supervision over the property and the residents for the purpose of seeing that the rooms are kept clean and in proper order. The managers shall keep records of all residents within each home and provide all housing benefit support and basic administration. All resident applications will ultimately be signed off by the Director with assistance from the managers. The director shall provide leadership and vision to the charity and establish and change the governance and administration of the charity as and when required. CHARITY NUMBER 291611 Making a Difference, One Life At a Time Registered Office Victory Outreach UK Bush Hotel, High Street, Abertillery, Gwent, NP13 1DD Tel: 01495 212516 Fax: 01495 212571 Web: www.victoryoutreachuk.com Email: office@vouk.org.uk ## BUDGET 2025-2026 PROJECTED INCOME ## THE BUSH HOTEL |THE BUSH HOTEL|| |---|---| |Average 12 month|| |Occupancy rate £500.00 per month total 2 rooms|= £12,000.00| |WOODSIDE LODGE|| |Average 12 month|| |Occupancy rate £1,100.00 per month total expected 8 residents|= £105,600.00| |ROHILLA HOUSE|| |Average 12 month|| |Occupancy rate expected £500.00 per month total expected 5 rooms|= £30,000.00| |TOTAL YEARLY INCOME|= £147600.00| |CHARITABLE DONATIONS PUBLIC|= £ 25,000.00| |TOTAL COMBINED 12 MONTH|= £172,600.00| |EXPENDITURE|| |Salaries 12 month|| |Rebekah Parsons – accounts assistant|=£7800.00| |Susan Parsons – accounts manager|= £244.44| |Andrew Parsons – Director|= £345.84| |Total salaries 12 month|=£8,390.28| |Expenses 12 months|| |Utlites|= £25890.80| |Telephone|= £4830.00| |Vehicle & transport|= £4212.97| |Food bill|= £2625.00| |Administraton|= £6889.41| |Repairs and maintenance|= £13125.00| |Insurance|= £13652.97| |Council payments|= £14257.04| |Taxes|= £12082.43| |Total expenditure 12 month|= 97,565.62| CHARITY NUMBER 291611 Making a Difference, One Life At a Time Registered Office Victory Outreach UK Bush Hotel, High Street, Abertillery, Gwent, NP13 1DD Tel: 01495 212516 Fax: 01495 212571 Web: www.victoryoutreachuk.com Email: office@vouk.org.uk CHARITY NUMBER 291611 Making a Difference, One Life At a Time CHARITY REGISTRATION NUMBER.. 291611 Victory Outreach UK Unaudited Financial Statements 31 March 2025 WALTER HUNTER & CO LIMITED Chartered accountants 24 Bridge Street Newport South Wales NP20 4SF Victory Outreach UK Financial Statements Year ended 31 March 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements Victory Outreach UK Trustees. Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Chair's report Chairmans ￿ port for the work of victory outreach UK for the last finaneial year ending on 31st March 2025 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 receive. 11 is only with the faithfulness and generosity of so many that the work continues, it has been a joy lo report the continued valuable work the charity is involved in. The Importan￿ of following the Charity Commission guidance is a paramount feature. Obtaining and maintaining the required legal ￿rtIfiCation is equally important and sometimes costly. Extensive internal renovations are continuing at Woodside Lodge, and we are believing for additional increased donations to assist in the completion. We were sad to hear that Pastor Robert Hart decided to retire from being Chairman and Trustee, his tireless efforts over the many years have been a great blessing and his service will be greatly missed. This report is submitted on behalf of the Trustees of Victory Outreach UK. Reference and administrative details Registered charity name Victory Outreach UK Charity registration number 291611 Principal office The Bush Hotel High Street Abertillery NP13 1DD The trustees Apostle J Acanda MrRHart MrA Parsons Mr J Williams {Appointed 15 January 20251 IResigned 7 April 20251 Independent examiner Mr Jonathan Rhodes Bsc BFP FCA 24 Bridge Street Newport South Wales NP20 4SF Victory Outreach UK Trustees. Annual Report (continued) Year ended 31 March 2025 Structure J governance and management The Charity is overseen by a committee of trustees who are elected by the appointment of the existing trustees. The committee shall consist of no less than three and no more than seven trustees. A trustee may be a paid employee, and Iruslees hold office for a one-year period after which reappointment must be sought. The trustees must meet a minimum of twice per year. The trustees act as caretskers of the charity and with the Director verify that its goals and objectives are carried out. They also have the power lo appoint a Director to whom is delegated the day lo day running of the charity, the raising of funds and the obtaining of grants and donations and lo hold the Director responsible to work within the established policies and procedures, and lo apply such funds as is necessary to carry out the work of the Charity. The managers shall exercise a general supervision over the property and the residents for the purpose of seeing that the rooms are kept clean and in proper order. The managers shall keep records of all residents within each home and provide all housing benefit support and basic administration. All resident applications will ultimately be signed off by the Director with assistance from the managers. The director shall provide leadership and vision lo the charity and establish and change the governance and administration of the charity as and when required. Objectives and activities The objects of the charity as contained 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 detsiled throughout this report. Public Benefit We have ￿ferred to the guidance contained in the Charity Commission's general guidance on public benefits when reviewing our aims and objectives and in the planning of our future activities in particular the Iruslees consider how planned activities will contribute to the aims and objectives of the charity. The main activities undertaken to further the charity's purposes for public benefit are detailed through the report. Victory Outreach UK Trustees. Annual Report (continued) Year ended 31 March 2025 Achievements and perft>rmance 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 Rohilla house in Cwmbran. The Bush Hotel We have two families occupying the Bush Hotel totslling 8 occupants. Wilhoul both our supporters and the charities help, both these families and several other families would have been facing homelessness and be unable lo complete their studies lo become established in the UK, many of whom are now employed with visa sponsorships. Woodslde Lodge Extensive internal renovations continue leaving about half of the property close to completion, a new larger boiler is now needed to accommodate the additional ensuiles, along with complete interior furnishings are now planned. Rohilla House One family of five and a single tenant remain in the home and will continue lo until we have suitable staff lo then populate the home back for rehabililalion I housing support servI￿s. Overall property maintenance All certification on all homes is completed, and we are compliant with HMO license. The Bush Hotel is now in need of a roof repair that is undergoing an inspection and quotation. VOUK Finances Our legal consultant was successful in overturning the unlawful decision by Caerphilly Council lo stop our housing benefit access for Woodside Lodge. We are still attempting to claim back £6k in back rent from this period. Flnanclal revlew Al the year end the charity had unreslricled reserves of £855,704 12024.. £1,034,781), consisting of., cash at bank and in hand £25,629 12024'.£155,4121, debtors of £3,052 12024.. £4951, investments in subsidiaries of £Nil 12024.. £1001, fixed assets of £999,005 12024.. £1,019,487) and creditors of £171,982 12024.. £140,713). The free reserves of the charity tolalled £21,795 12024.. £15,294). The charity made an unreslricled deficit of £179,07712024'. £242,874). Events after the end of the reportlng perlod Particulars of events after the reporting date are detailed in note 23 to the financial statements. The Iruslees, annual report was approved on 4 March 2026 and signed on behalf of the board of trustees by.. Mr A Parsons Trustee Victory Outreach UK Independent Examinerfs Report to the Trustees of Victory Outreach UK Year ended 31 March 2025 report lo the trustees on my examination of the financial statements of Victory Outreach UK I'the charity'l for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of the charity you are responsible for the p￿paration of the financial statements in accordance with the requirements of the Charities Act 2011 I'lhe Acl'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act., or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fairf view which Is not a maller considered as part of an Independent examination. I have no concerns and have corre across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Jonathan Rhodes Bsc BFP FCA Independent Examiner 24 Bridge Street Newport South Wales NP20 4SF 4 March 2026 Victory Outreach UK ststement of Financial Activities Year ended 31 March 2025 2025 Unrestricted funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Charitable activities Investment income Other income 54,401 48,064 2,078 54,401 48,064 2,078 28,489 41,953 3,117 9,971 Total income 104,543 104,543 83,530 Expenditure Expenditure on charitable activities Total expenditure 283,620 283,620 326,404 283.620 283,620 326,404 Net expenditure and net movement in funds 1179,0771 1179,077} 1242,8741 Reconciliation of funds Total funds brought forward Total funds carried fop•vard 1,034,781 1,034,781 1,277,655 855,704 855,704 1,034,781 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activitie$. The notes on pages 7 to 15 fomi part of these financlal statements. Victory Outreach UK ststement of Financial Position 31 March 2025 2025 2024 Note Fixed assets Tangible fixed assets Investments 15 16 999,005 1,019,487 100 999,005 1,019,587 Current assets Debtors Cash at bank and in hand 17 3,052 25,629 495 155,412 28,681 155,907 Creditors: amounts falling due within one yoar Net current assets 18 6,886 140,713 21,795 1,020,800 15,194 Total assets less current liabilities 1,034,781 CredIto￿. amounts falllng due after more than one year Net assets 19 165,096 855,704 1,034,781 Funds of the charity Unreslricled funds 855,704 1,034,781 Total charlty funds 21 855,704 1,034,781 These financial statements were approved by the board of trustees and aulhorised for issue on 4 March 2026, and are signed on behalf of the board by.. Mr A Parsons Trustee The notes on pages 7 to 15 fomi part of these financlal statements. Victory Outreach UK Notes to the Financial Statements Year ended 31 March 2025 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Bush Hotel, High Street, Abertillery, NP13 1DD. Statement of compllanee These financial statements have been prepared in Complian￿ with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in steding, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key Sources of estimation uncertainty The preparation of the financial statements requires management lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and jLJdgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Income tax The charity is exempt from lax on its charitable activities. Fund accountlng Unreslricled funds are available for use at the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through the lemis of an appeal, and fall into one of two sub-classes.. reslricled income funds or endowment funds. Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (continued) Incoming resources All ineoming resourees are included in the statement of financial activities when entillement has passed to the charity., it is probable that the economie benefits associated with the transaction will flow lo the charity and the amount can be reliably measured. The following specifi'c policies are applied to particular categories of income.. income from donations or grants is recognised when there is evidence of entillemenl to the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted servi￿. This is classified as unreslricled funds unless there is a conlraclual requirement for Il lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expendrture includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which il relates.. expenditure on raising funds Includes the costs of all fundraising aclivilies, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditu￿ on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs allribulable to a single activity are allocated directly lo that activity. Shared costs are apportioned be￿een the activities they contribute to on a reasonable, justifiable and consislenl basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 Accounting policies (continued) Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Freehold propety Motor vehicles Office equipment 20/0 p.a. straight line no depreciation applied to land 200/0 p.a. straight line 200/0 p.a. straight line Investments Unlisted equity investments are initially recorded al cost, and subsequently measured al fair value. If fair value cannot be reliably measured, assets are measured al cost less impairment. Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure. Impairment of fixed assets A review for indicators of impairment Is Ca￿led out al each reporting date, with the recoverable amount being estimated where SLJch indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting dale. Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing Iransaclion, where it is recognised at the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related setvice is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in future payments or a cash refund. Vvhen contributions are not expected lo be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which Il arises. Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 Donations and legacies Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Donations Donations Gift aid 39,953 14,448 39,953 14,448 28,097 392 28,097 392 54,401 54,401 28,489 28,489 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Housing benefit and rental income 48,064 48,064 41,953 41,953 Investment income Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 2,078 2,078 3,117 3,117 Other Income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gain on disposal of tangible fixed assets held for charity's own use Other income 3,245 6,726 3,245 6,726 9,971 9,971 Expenditure on Charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Staff costs Rehabilitation costs Depreciation Support costs 11,988 93,697 44,641 133,280 11,988 93.697 44.641 133.280 119,418 86,586 49,368 71,032 119,418 86,586 49,368 71,032 283,606 283,6 326,404 326,404 10 Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Staff costs Rehabilitation costs Depreciation 11,988 93,697 44,641 91,690 41,590 103,678 135,287 44,641 190,450 86,586 49,368 150,326 133,280 282,766 326,404 10. Analysis of support costs Rehabilitation costs Total 2025 Total 2024 Staff costs Stsff costs Geneol office Governance costs Professional fees Accountancy fees 91,690 91,690 32,566 595 2,919 4,670 29,855 32,197 32,566 595 2,919 5,510 4,521 4,459 91,690 41,590 133,280 71,032 11. Net expenditure Nel expenditure is stated after chargingllcreditingl". 2025 2024 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 44,641 49,368 13,2451 12. Independent examination fees 2025 2024 Fees payable to the independent examiner for.. Independent examination of the financial statements 4,320 3,600 11 Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 97,955 129,853 15,952 3,468 379 98,334 149,273 The average head count of employees during the year was 312024.. 31. No Èmployee received employee benefits of more than £60,000 during the year12024.. Nill. Key Management Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £91,69012024." £135,599). 14. Trustee remuneration and expenses No trustees were reimbursed for expenses12024.' no trustees were reimbursed for expenses). 1 trustee was remunerated £60,23812024.' £84,785) for paid employment as an employee of the charity. 15. Tangible fixed assets Freehold propety Motor vehicles Office equipment Total Cost At 1 April 2024 Additions 1,504,103 41,050 20,500 1 $4,968 3,659 158,627 1,700,121 24,159 At 31 March 2025 1,504,103 61,550 1,724,280 Depreciation Al 1 April 2024 Charge for the year At 31 March 2025 512,001 30,082 41,050 342 127,583 14,217 680,634 44,641 542,083 41.392 141,800 725,275 Carrying amount At 31 March 2025 962,020 20,158 16,827 999,005 At 31 March 2024 992,102 27,385 1,019,487 12 Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 16. Investments Shares in group undertakings Cost or valuation At 1 April 2024 Additions Disposals At 31 March 2025 100 11001 Impairment At 1 April 2024 and 31 March 2025 Carrying amount At 31 March 2025 At 31 March 2024 100 All investments shown above are held at valuation. Shares in group undertakings represents 100 ordinary shares in the subsidiary Work Fo￿e Rehab Limited, company nLJmber 10043967. The company dissolved on 30th July 2024. 17. Debtors 2025 2024 Amounts owed by group undertakings Other debtors 495 3,052 3,052 495 13 Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 18. Creditors.. amounts falling due within one year 2025 2024 Accruals and deferred income Other creditors 6,886 5,701 135,012 6,886 140,713 Other creditors of £NIL12024.. £135,012) relate lo accrued employee remuneration owed for the current year and previous years. 19. Creditors.. amounts falling due after more than one year 2025 2024 Other creditors 165,096 Other creditors of £165,096 12024.. £NILI relate lo accrued employee remuneration owed for the current year and previous years. 20. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £37912024.. £3,468). 21. Analysis of charitable funds Unrestrlcted funds At 31 March 2025 Al 1 April 2024 Income Expenditure Transfers General funds Fixed Asset Fund 15,294 1,019,487 104,543 1238,9791 144,6411 1283,6201 124,1591 1143,3011 24,159 999,005 1,034,781 104,543 855,704 At 31 March 2024 At 1 April 2023 Income Expenditu Transfers Geneol funds Fixed Asset Fund 218,670 1,058,985 83,530 1279,9751 146,4291 1326,4041 16,9311 6,931 15,294 1,019,487 1,277,655 83,530 1,034,781 14 Victory Outreach UK Notes to the Financial Statements (continued) Year ended 31 March 2025 22. Analysis of net assets between funds Unrestricted Totsl Funds Funds 2025 Tangible fixed assets Investments Current assets Creditors greater than 1 year Net assets 999,005 999,005 21,795 21,795 1165,0961 1165,0961 855,704 855,704 Unrestricted Total Funds Funds 2024 Tangible fixed assets Investments Current assets 1,019,487 100 15,194 1,034,781 1,019,487 100 15,194 Net assets 1,034,781 23. Post balance sheet events On 7th April 2025, one of the properties owned by the Charity sold. This will be accounted for in the next financial year. 15 Registered Office Victory Outreach UK Bush Hotel, High Street, Abertillery, Gwent, NP13 1DD Tel: 01495 212516 Fax: 01495 212571 Web: www.victoryoutreachuk.com Email: office@vouk.org.uk Mr Jonathan Rhodes BSc (Hons) FCA Walter Hunter & Co Limited Chartered Accountants 24 Bridge Street Newport NP20 4SF ## 4 March 2026 Dear Sir, During the course of your independent examination of the financial statements of the charity for the year ended 31 March 2025, the following representations were made to you by management and trustees. 1. We have fulfilled your responsibilities as trustees under the Charities Act 2011 for preparing financial statements, in accordance with the applicable financial reporting framework, that give a true and fair view and for making accurate representations to us and for the financial statements which we have prepared on your behalf for the charity. 2. We confirm that all accounting records have been made available to you for the purpose of the accounts preparation, in accordance with our terms of engagement, and that all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management, trustees’ and members’ meetings, have been made available to you. 3. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. 4. We confirm that all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements have been disclosed to you and accounted for and disclosed in accordance with the applicable financial reporting framework. 5. We confirm that there had been no events since the balance sheet date which require disclosure or which would materially affect the amounts in the financial statements, other than those already disclosed or included in the financial statements. 6. We confirm that we are aware that a related party of the charity is a person or organisation which either (directly or indirectly) controls, has joint control of, or significantly influences the charity or vice versa and as a result will include: trustees/directors, other key management, close family and other business interests of the previous. 7. We confirm that all related party relationships and transactions have been accounted for and disclosed in accordance with the applicable financial reporting framework. - 8 We confirm that the charity has had at no time during the year, any arrangement, transaction or agreement to provide credit facilities (including loans, quasi-loans or credit transactions) for trustees, nor to guarantee nor provide security for such matters. 9. We confirm that the charity has not contracted for any capital expenditure other than as disclosed in the financial statements. CHARITY NUMBER 291611 _Making a Difference, One Life At a Time_ Registered Office Victory Outreach UK Bush Hotel, High Street, Abertillery, Gwent, NP13 1DD Tel: 01495 212516 Fax: 01495 212571 Web: www.victoryoutreachuk.com Email: office@vouk.org.uk 10. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its activities and which are central to the charity’s ability to conduct its activities except as explained to you and as disclosed in the financial statements. 11. We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect fraud. We confirm that we have disclosed to you the results of our own risk assessment that the financial statements may be misstated as a result of fraud. 12. We confirm that there have been no actual or suspected instances of fraud involving trustees, management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by former trustees, employees, regulators or others. 13. We confirm that, having considered our expectations and intentions for the next 12 months and the availability of unrestricted reserves, the charity is a going concern. 14. We confirm that all grants, donations and other income, including those subject to special terms or conditions or received for restricted purposes, have been notified to you. There have been no breaches of terms or conditions during the period regarding the application of such income. 15. We confirm that we are not aware of any matters of material significance that should be reported to the Charity Commission. 16. We confirm the following specific representations made to you during the course of your independent examination relating to: - a) Other creditors are fairly and accurately stated at £165,096 as at 31 March 2025, representing accrued salaries for all months within the year where full salaries had not been processed and the remaining balance from previous years of £89,465. - b) In particular we confirm that the salary is paid for services rendered to the charity and not for acting as a Trustee. The salary is appropriate to the role undertaken and is calculated as the market rate for the services undertaken. The Trustees are confident that the services could not be undertaken to the same level of efficiency or expertise by a third party. We confirm that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience (and, where appropriate of supporting documentation) sufficient to satisfy us that we can properly make each of the above representations to you and that to the best of our knowledge and belief they accurately reflect the representations made to you by the trustees during the course of your independent examination. Yours faithfully, ............................................................... Signed on behalf of the board of trustees, Victory Outreach UK Date 4 March 2026 CHARITY NUMBER 291611 _Making a Difference, One Life At a Time_ **Issuer** Walter Hunter **Document generated** Wed, 4th Mar 2026 12:36:17 GMT **Document fingerprint** e213cd944cc8d90320bb609ffac83329 ## **Parties involved with this document** **Document processed Party + Fingerprint** Wed, 4th Mar 2026 16:13:56 GMT Mr Andrew Peter Parsons - Signer (e0f7d14f2c26235a6791b08ddc85a15c) Fri, 6th Mar 2026 12:29:15 GMT Jonathan Rhodes - Signer (0c961f8098635d7e8620d2f792c53994) Fri, 6th Mar 2026 12:29:15 GMT Sarah Butler - Copied In (68af9eea47263c897885a48d27a1a8db) **Audit history log Date Action** Wed, 4th Mar 2026 12:36:17 GMT Envelope generated with fingerprint 7bf7843d7493558559109adc852e3c00 (18.133.63.166) Wed, 4th Mar 2026 12:36:17 GMT Document generated with fingerprint befe6bd3f578da41257542b651679a10. (18.133.63.166) Wed, 4th Mar 2026 12:36:17 GMT Document generated with fingerprint e6b60349bc916d8bf621a6675670865a. (18.133.63.166) Wed, 4th Mar 2026 12:36:17 GMT Document generated with fingerprint e213cd944cc8d90320bb609ffac83329. (18.133.63.166) Wed, 4th Mar 2026 12:36:17 GMT Document generated with fingerprint 6528764720e77854310954046aa06a56. (18.133.63.166) Wed, 4th Mar 2026 12:36:17 GMT Mr Andrew Peter Parsons has been assigned to this envelope. (18.133.63.166) Wed, 4th Mar 2026 12:36:17 GMT Jonathan Rhodes has been assigned to this envelope. (18.133.63.166) Wed, 4th Mar 2026 12:36:17 GMT Sarah Butler has been assigned to this envelope. (18.133.63.166) Wed, 4th Mar 2026 12:36:30 GMT Envelope generated Wed, 4th Mar 2026 12:36:30 GMT Sent the envelope to Mr Andrew Peter Parsons for signing Wed, 4th Mar 2026 12:36:30 GMT Document emailed to party email Wed, 4th Mar 2026 15:51:25 GMT Sent Mr Andrew Peter Parsons a reminder to sign the document. (35.176.231.177) Wed, 4th Mar 2026 16:11:44 GMT One-time code has been generated and sent to Mr Andrew Peter Parsons via SMS (mobile number) (81.156.107.114) Wed, 4th Mar 2026 16:11:55 GMT Wed, 4th Mar 2026 16:11:55 GMT Wed, 4th Mar 2026 16:13:56 GMT Wed, 4th Mar 2026 16:13:56 GMT Wed, 4th Mar 2026 16:13:57 GMT Fri, 6th Mar 2026 12:27:29 GMT Fri, 6th Mar 2026 12:28:38 GMT Fri, 6th Mar 2026 12:28:39 GMT Fri, 6th Mar 2026 12:29:15 GMT Fri, 6th Mar 2026 12:29:15 GMT Fri, 6th Mar 2026 12:29:15 GMT Fri, 6th Mar 2026 12:29:16 GMT Fri, 6th Mar 2026 12:29:16 GMT Fri, 6th Mar 2026 12:29:16 GMT Fri, 6th Mar 2026 12:29:16 GMT Mr Andrew Peter Parsons has been verified via SMS One-time code (81.156.107.114) Mr Andrew Peter Parsons viewed the envelope (81.156.107.114) Mr Andrew Peter Parsons signed the envelope (81.156.107.114) Sent the envelope to Jonathan Rhodes for signing (81.156.107.114) Document emailed to party email One-time code has been generated and sent to Jonathan Rhodes via SMS (mobile number) (81.150.186.46) Jonathan Rhodes has been verified via SMS One-time code (81.150.186.46) Jonathan Rhodes viewed the envelope (81.150.186.46) Jonathan Rhodes signed the envelope (81.150.186.46) Sent the envelope to Sarah Butler for signing (81.150.186.46) This envelope has been signed by all parties (81.150.186.46) Signed document confirmation emailed to party email (81.150.186.46) Signed document confirmation emailed to party email (81.150.186.46) Signed document confirmation emailed to party email (81.150.186.46) Signed document confirmation emails have been sent to all parties. Document URL: https://api.signable.app/shareable/envelope?t=6cb05975-ea1f-4173-8810-e 0e548ffc015 (81.150.186.46) Fri, 6th Mar 2026 12:29:16 GMT Document emailed to party email