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VICTORY BIBLE CHURCH INTERNATIONAL

Registered charity 1032224 · accounts filings on the Charity Commission register

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Latest income
£2.6m
Latest spending
£2.3m
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £251,227 for the year ended 31 December 2024, with total incoming resources of £2,609,155 against total resources expended of £2,357,928. Per the trustees' report, the charity is financially stable, holding unrestricted reserves of £3,041,317 and net current assets of £676,496. The trustees maintain a reserves policy target of three months' running costs and confirmed adequate resources for the foreseeable future.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“The number of employees received emoluments in excess of £60,000 are as follows: £60,001 - £70,000: 1 (2023: nil)” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The number of employees received emoluments in excess of £60,000 are as follows: £60,001 - £70,000: 1 (2023: nil)” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months running costs (held: £3.0m)
“We intend to hold cash reserves equivalent to three months running costs of the organisation and build up the reserves as the finances of the charity improves.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Ashford Louis. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.6m
Total spending
£2.3m
Reserves (reported)
£3.0m
Employees
27

Reported reserves equal ~16.0 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£2.6m£2.3m
31/12/2023£2.4m£2.1m
31/12/2022£1.9m£1.6m
31/12/2021£1.6m£1.2m
31/12/2020£1.5m£895k

Common questions

Is VICTORY BIBLE CHURCH INTERNATIONAL financially healthy?

The accounts state that the charity reported a net surplus of £251,227 for the year ended 31 December 2024, with total incoming resources of £2,609,155 against total resources expended of £2,357,928. Per the trustees' report, the charity is financially stable, holding unrestricted reserves of £3,041,317 and net current assets of £676,496. The trustees maintain a reserves policy target of three months' running costs and confirmed adequate resources for the foreseeable future. Its FY2024 accounts were audited by Ashford Louis.

What does the highest-paid employee of VICTORY BIBLE CHURCH INTERNATIONAL earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.