VICTORY IN CHRIST MINISTRIES
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £90,948.55 at the end of the financial year, which the trustees consider sufficient to cover approximately 12 months of expenditure. The charity reported a favorable net movement of funds of £21,065.22, resulting in a positive cash balance with no liabilities or equipment assets recorded. The independent examiner confirmed that no matters came to their attention requiring further disclosure, indicating compliant accounting records.
What the accounts disclose
“One employee is also a trustee of the charity and the total salary received was £28,200.00.”
“The charity’s policy is to retain reserves, in the form of unrestricted funds, to a level where they equate in value approximately 12 months expenditure.”
“One employee is also a trustee of the charity and the total salary received was £28,200.00.”
“One employee is also a trustee of the charity and the total salary received was £28,200.00.”
Year-over-year changes
- Top pay band moved from £30,001 - £40,000 (FY2023) to £20,001 - £30,000 (FY2024).
Trustees
- MARIA YIANGOU
- PASTOR ANDY YIANGOU
- VANESSA BENNETT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £130k | £156k |
| 31/03/2024 | £164k | £143k |
| 31/03/2023 | £133k | £132k |
| 31/03/2022 | £136k | £126k |
| 31/03/2021 | £121k | £90k |
Common questions
Is VICTORY IN CHRIST MINISTRIES financially healthy?
The accounts state that the charity held unrestricted reserves of £90,948.55 at the end of the financial year, which the trustees consider sufficient to cover approximately 12 months of expenditure. The charity reported a favorable net movement of funds of £21,065.22, resulting in a positive cash balance with no liabilities or equipment assets recorded. The independent examiner confirmed that no matters came to their attention requiring further disclosure, indicating compliant accounting records. Its FY2024 accounts were independently examined.
What does the highest-paid employee of VICTORY IN CHRIST MINISTRIES earn?
Per its FY2024 accounts, the highest-paid employee was in the £20,001 - £30,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| CHARITIES ADMINISTERED IN CONNECTION WITH THE UNAFFILIATED CONGREGATIONAL CHURCHES | 1 | £3k |
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