2025-03-31-accounts

VICTORIA PARK BAPTIST CHURCH

CHARITY NUMBER 1146557

REPORT AND ACCOUNTS

for the year ended 31 March 202 5

Shruti Soni Limited Chartered Certified Accountants 117A St Johns Road Sevenoaks TN13 3PE

Contents

Page

Reference and administrative Trustees' annual report

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VICTORIA PARK BAPTIST CHURCH

ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2025

Trustees/Leadership Team

Olatokunbo Atanda Wuraola Atanda (elected 30 November 2025) Adilson Braz (term ended 24 November 2024) Anne Broad (resigned 30 November 2025) Pauline Facey Becky Gbande Elisabeth Morris (term ended 24 November 2024) John Morris Neville Reid Bolaji Yoloye Wonu Yoloye (elected 24 November 2024)

Minister

Archie Catchpole (appointed 6 October 2025)

Property Trustees The London Baptist Property Board Ltd 235 Shaftesbury Ave, London WC2H 8EP

Governing Documents

Deed of Trust dated 23 July 1869 Victoria Park Baptist Church Constitution adopted by the Church Members’ Meeting on 25 May 2011

Charity status Registered Charity no. 1146557

Registered Office Victoria Park Baptist Church 186 Grove Road Bow, London E3 5TG

Bankers

Barclays Bank PLC Mile End and Bow Group 240 Whitechapel Road London E1 1BS

Independent Examiner

Shruti Soni Limited 117A St. Johns Hill Sevenoaks, TN1 3PE

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TRUSTEES’ ANNUAL REPORT

The Trustees have pleasure in submitting their Report and Accounts for the year to 31 March 2025.

How Victoria Park Baptist Church is Constituted and its charitable Objectives

The 1869 Trust document states the Chapel is to be used as a place of public religious worship by the society of Protestant Dissenters called the Particular Baptists. The objective stated in the Trust is regular Sunday worship along with the running of a Sunday or other school or schools. The Church in 1999 adopted the Mission Statement “ Victoria Park Baptist Church aims to tell and be Good News in the community.” The charity's values are linked to the five core values for a gospel people of the Baptist Union of Great Britain . These values are: following Jesus as a community which is sacrificial, worshipping, inclusive, prophetic and missionary.

The Victoria Park Baptist Church Constitution of 2011 states “ the principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advance education and carry out other charitable purposes in the United Kingdom and/or other parts of the world.”

Organisational Structure and Decision-making processes

The church is a registered charity under the provisions of the Charities Act 2011 and is an unincorporated association. Therefore, its premises and any investments are held by other legal bodies acting as our trustees which in our case are the London Baptist Property Board who hold in trust the church building and the manse. Our reserves are also held with the London Baptist Property Board.

I n t�is c�urc� it is t�e �inister�s� if an� and t�e �eaders�ip Team t�at form t�e �oard of Trustees� (There is a historic use of the term “Deacon” for those on the Leadership Team who are not Ministers.) This comprises the Church Secretary, Church Treasurer and other appointed Leaders who act as the Trustees chosen from among those who have been Church Members for at least six months. The maximum number of Leaders/Trustees is agreed from time to time by the Church Members’ Meeting. The Trustees receive appropriate documentation and are made aware of the legal responsibilities that they are accepting on appointment.

The Church may have a Minister or more than one Minister or no Minister. Where a Minister is appointed it is expected that they will become a Member of the Church.

A Minister of this Church is expected to accept the Baptist Union’s Declaration of Principle and to be in relationship with the Baptist Union and the Association. This is normally expressed by being on the Baptist Union’s Register of Covenanted Persons Accredited for Ministry . The Minister, whether or not they are on the Register, will be supportive of the Church’s relationships with other Baptist Churches, the Association and the Baptist Union. The Church recognises that the Minister and the Church are in a covenant relationship based on Christian love and trust and mutual accountability. A Minister is appointed or removed by a resolution of the Church Members at a Special Church Members’ Meeting at any time.

The Trustees/ Leaders are responsible for the governance of the Church and the fulfilment of the purpose through its activities acting according to the will of God as discerned by the Church Members’ Meeting and subject to any specific or general direction s of that Meeting. Worship including prayer and the reading of Scripture shall be key features of any meeting of the

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Charity Trustees whose leadership and administration of the church is to be through mutual accountability, service, and pastoral care, along with strategic thinking and effective management.

The Trustees have specific power but are subject to any general or specific directions of the Church Members’ Meeting to apply for and accept grants and to provide security in respect of obligations under grant agreements. They act in accordance with the specific directions of the Church Members’ Meeting in relation to matters relating to church property including any purchase, sale, lease, mortgage or redevelopment of church property. The Charity Trustees have the power to borrow money, receive grants, give guarantees and or security for loans, and to make grants or loans of money. In the event of a charge over land and/or buildings being required this is under the provisions in the trusts for the land and with statute law. The Trustees also have the power to make grants to other charities working elsewhere in the United Kingdom and/or other parts of the world.

The Trustees determine a quorum for their full meetings that is not less than two persons or half of their number whichever is the greater number. They determine when and how frequently they shall meet provided that they shall convene meetings of the whole group not less than once every two months. In addition to regular meetings of the whole group they may meet in such sub-groups as are necessary and convenient. Reports of such subgroup meetings are made to the next full Trustees Meeting. Each Trustee has one vote. Every issue can be determined by a simple majority of votes cast at a meeting of the Trustees but if there is an equality of votes on any matter the resolution will be considered rejected and the matter shall be referred back to the submitter for review and if appropriate resubmission to a subsequent meeting for consideration.

The Church Members meet together in a Church Members’ Meeting under the guidance of the Holy Spirit and under the Lordship of Christ to discern the mind of God in the affairs of the Church. The Church Members’ Meeting has reserved authority in the appointm ent and removal of a Minister, the appointment and removal of Charity Trustees, the appointment and removal of staff, and other decisions related to church property including any purchase, sale, lease, mortgage, or redevelopment of property, the administration of the membership list, and the closure of the Church.

The Church Members’ Meeting appoints Leaders/Trustees to be responsible for the governance of the Church and where there is a Minister(s) that person is a Charity Trustee because of their role and responsibilities.

The Church Members’ Meeting arranges for the appointment of a Church Secretary and Church Treasurer (or equivalents). Charity Trustees shall serve so long as they have the support of the Church Members’ Meeting and (except for those in ministerial office) are actively appointed and reappointed at least once every three years. Voting is by secret ballot at an Ordinary Church Members’ Meeting.

There are two types of formal Church Members’ Meetings: Ordinary and Special Church Members Meetings.

Ordinary Church Members’ Meetings are held at regular intervals on not less than four occasions in any calendar year and are an opportunity to consider and review routine matters associated with the life of the Church including issues related to church membership, the appointment and dismissal of the Charity Trustees, the approval of the budget, with opportunities for considering proposals from the Charity Trustees or other Church Members for the development of the Church and the advancement of its purpose through its activities.

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One Ordinary Church Members’ Meeting each year includes the Annual Church Members’ Meeting for the Church Members to receive annual accounts and reports, to appoint Auditors or Independent Examiners, and to consider proposals for the strategy and vision of the church in the coming year, with other appropriate matters.

A Special Church Members’ Meeting is convened when necessary to consider the appointment or dismissal of a minister, matters relating to the purchase, sale, lease, mortgage or redevelopment of church property, the closure of the church, or matters considered by the Charity Trustees to be of sufficient importance to require the calling of a Special Members’ Meeting.

Joining and becoming a church member is normally through baptism by immersion upon personal profession of faith. The church also operates an open membership so that persons seeking membership who have not been baptised in the manner described in the Union’s Declaration of Principle may at the discretion of the Church Members Meeting be accepted for full membership based on their own public profession of repentance towards God and faith in and obedience to Our Lord Jesus Christ. In January 2024 two members were accepted into membership.

Church Membership is open to those who:

• accept the Beliefs of the Church;

• meet the Church’s qualification on Baptism;

• commit themselves to serving Christ within the Church and beyond;

• abide by the decisions of the Church Members’ Meeting;

• acknowledge their responsibilities as Church Members; and

• have their membership application accepted by the Church Members’ Meeting.

A person wishing to become a Church Member applies to the Church Members’ Meeting. The Church Members’ Meeting will consider and vote on the application for membership and if accepted the new member will normally be welcomed publicly.

In order to keep the membership list up to date, this is reviewed at least once every three years when the Church Members’ Meeting resolves to make any appropriate deletions. At any time, however, in exceptional circumstances where the conduct of a Member is considered to be contrary to the Purpose and Beliefs of the Church and/or disruptive to the relationships between Members then the Leaders/Charity Trustees may recommend to a Church Members’ Meeting that the membership of that person be reviewed. The Church Members may, after considering the facts, terminate the membership of that person. The Church Member is allowed to hear what is said at the Church Members’ Meeting, to correct any errors of fact and offer any explanation of the circumstances or reasons for their actions, before withdrawing from the meeting so that the Church Members’ Meeting may prayerfully and carefully consider whether they should resolve to remove that person’s name from the list of Members.

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Beliefs and Activities

The Church is a member of the Baptist Union of Great Britain (Baptist Union) and the London Baptist Association (the Association) .

As a Member of the Baptist Union the Church subscribes to the Union’s Declaration of Principle:

That our Lord and Saviour Jesus Christ, God manifest in the flesh, is the sole and absolute authority in all matters pertaining to faith and practice, as revealed in the Holy Scriptures, and that each church has liberty, under the guidance of the Holy Spirit, to interpret and administer His laws.

That Christian Baptism is the immersion in water into the name of the Father, the Son and Holy Spirit, of those who have professed repentance towards God and faith in our Lord Jesus Christ who died for our sins according to the Scriptures; was buried, and rose again on the third day.

That it is the duty of every disciple to bear personal witness to the gospel of Jesus Christ, and to take part in the evangelisation of the world.

In fulfilling its purpose the Church engages in a range of activities either on its own or with others that varies from time to time with activities being initiated, expanded, or closed, as appropriate both to its membership and to the community generally. The aim is to tell and be Good News in the community. We will seek do this by being a living community of faith, love and service.

The Activities may include but are not restricted to:

• regular public worship, prayer, Bible study, preaching and teaching;

• baptism, as defined in the Union’s Declaration of Principle;

• the Communion of the Lord’s Supper which shall normally be observed at least once a month;

• evangelism and mission, locally, regionally, nationally and internationally;

• the teaching, encouragement, welcome and inclusion of young people;

• nurture and growth of Christian disciples;

• education and training for Christian and community service;

• giving and encouraging pastoral care;

• supporting and encouraging charitable social action in the United Kingdom and abroad;

• encouraging relationships with and supporting Baptists and other Christians.

The church also promotes and supports the work of the Baptist Union, the Association and BMS World Mission through prayer, and through financial contributions. When it is able the Church also supports local Baptist and ecumenical gatherings.

Central to the work and witness of the Church is the provision of regular public services of Christian worship. These services take place each Sunday currently at 10.30 am. There are also occasional services at other times which are advertised on the churc h’s internal notice boards and website at www.vpbc.org.uk. The church seeks to be a friendly and welcoming community and anyone is free to attend any of these services.

The Church runs a series of small groups for the growth of faith and details of these can be obtained from the Trustees on request, or at the Sunday services of worship, the web page or the monthly diary sheet.

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The church has read the Charity Commission guidance on public benefit and is satisfied that the activities outlined above and later in this report clearly demonstrate that the charity is providing a benefit to the public. All our activities are open to all members of the public and are not unreasonably restricted by geographical boundaries.

Achievement and Performance Evaluation

1. As a church our purpose is to proclaim the good news of Jesus, and that has been a priority.

2. Prayer in many forms both individual and corporate was encouraged, we held a Week of Prayer in the New Year of 2025. This was done online and face to face at the church building, including a prayer walk, and participation was very encouraging.

3. As a church, we are active 52 weeks of every year and growing a responsive faith community. The pandemic and the need to use online methods to reach out to our fellowship meant we had to increase our use of social media. The website and other social media have become a 24/7 tool for communication and advertisement of events and programmes. We maintain paper communication for the decreasing number who do not use a smartphone or PC. The challenge of 2025 and beyond has been to further improve access to belonging and participation.

4. In line with our Core Values, we encourage the Centre and other parts of the building to be hired by groups which benefit the health and wellbeing of the local community. They use the premises at reasonable rates, we benefit from the rent, and sharing/caring communities are built.

Continuity and plans for the future: April 2025 and beyond

With a brand new roof on our building, the trustees have reflected on how we can best continue to ensure we tell and be Good News in our community.

• a. Partnerships. We are hosting Box Up Crime, a Dagenham-based charity working to prevent gang membership. It is run by the leader of East End Church on a Friday evening with volunteers from other churches. We aim to continue to nurture existing stakeholder partnerships including Chisenhale Ladder (Street Party), Crossroads Counselling, Street Pastors and Bow Food bank. From October 2024 to January 2025, we ran a Night Shelter for the homeless in partnership with GrowTH for the second year running, and East End Church and others continued this in our Centre until April. Another local congregation called Victoria Park Community Church has been holding its main weekly service in our building on Sunday afternoons since April 2024. We will be open to explore new potential partnerships which advance the purpose of the church in the community.

• b. Transitioning . We need to be “always reforming” to be relevant in our purpose as a charity for public benefit. In the light of the increase in rental and residential purchasing prices locally we recognise that there is a consistent movement out of East London by some and a movement in by others. We therefore of necessity target to recruit and train new volunteers as Trustees for the future and also volunteers in every area of the church’s life and outreach. London Baptists have negotiated with Paul Unsworth of Kahaila Café Church who is working with VPBC towards this and other goals.

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• c. Giving. We will achieve our mission by being a living community of faith, love and service. Giving is therefore not just about giving money but a willingness to share time, gifts and skills, friendship and resources. Giving is a choice and costly. We will teach and encourage one another to be generous and to each share the resources we have. Many members give by regular bank transfers, while others along with visitors are now contributing using phone banking. We also encourage giving through our annual Thank Offering.

• d. Worship. We encourage each other to understand that worship is a way of living life to the full for the glory of God. Worship includes the sharing of time and gifts for the benefit of others in our Church family and our communities. We will work and pray to see all our Church activities constantly refreshed with new participants and leaders. Our hope and prayer is that our Sunday worship will continue to be EPIC: experiential, participatory, image-rich and connective. We encourage the regular use of percussion instruments including African drums and other personal expression in worship. We will provide opportunities for the sharing of silence to develop reflective and contemplative worship as well as offering loud praises!

• e. Social Media. In addition to the web page, we have active YourTube, Facebook and Instagram channels. We will continue to review the social media tools we have in place and improve upon them where necessary.

• f. Access. We have continued to address the need to improve access to the church building for those with disabilities, the elderly and young families. City Bridge Trust (CBT) funded a feasibility study for access throughout the building, and the Trustees are seeking to implement suggestions raised by the report. This will involve us to develop a strategy for how we can fundraise to improve the access to building for many in the community.

• The redevelopment of the building has been a long-time desire for the church. Now more than at any time before, progress is being made towards making this happen. We have appointed an architect to put our ideas into a plan for development. These plans are now being prepared to be sent for planning permission.

Financial review

The church, where possible, seeks to ensure all major community projects and events are fully funded without recourse to limited general funds. This is by a mixture of donations, rental fees and grants as appropriate. Our core funding is from regular and dedicated givers in both small and larger amounts. New donors have been added as others have left but economic austerity has left some with little spare to give.

Income for 2025 was £118,685 (2024: £111,906) while expenditure totalled £99,314 (2024: £70,063) The net surplus amounted to £19,371 (2024: £41,843).

General Reserves at 31 March 2025 comprised £17,456, down from £26,166 in 2024.

Expenditure for the repairs on the Church roof was fully recorded in the 2024 accounts, including the final retention of about £10,000 which was paid in 2024-25. The principal new cost incurred on the buildings was £38,370 on surveys, plans and project management for new design work.

Loans from the London Baptist Property Board and the London Baptist Association as at 31 March 2025 stood at £247,500, down from £276,500, with £13,442 interest levied in the year.

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Regular freewill offerings via direct credits were significantly higher than the previous year, while cash offerings were lower, giving a net increase of about £3,000. Other donations were also about £1,000 higher.

The Annual Thank Offering returned to its historical pattern, namely a seven-week internal appeal period running from Easter to Pentecost when people are encouraged to mark their own thanks to God, in addition to their normal regular giving. The 2024/25 Thank Offering raised £6,910, not including tax relief. This compares to £17,180 in 2023/24, when the offering remained open all year.

The Gift Aid scheme continues to be an important part of the voluntary income, raising a significant amount of money.

The Leaders have let the Manse since the former minister’s retirement, raising additional income exceeding £40,000 in the year. This is paid into general funds and has therefore helped with repayments of the building loan for the church roof refurbishment.

The church has a lettings policy for external groups which seeks to encourage local community use and a sliding scale of charges dependent on whether it is a community-based project, funded voluntary group, statutory service or commercially run organisation. After a few years with much lower rental income, this source of revenue only regained its pre-pandemic level in 2024-25.

The church has been without a minister since 2019. VPBC gives a gift of £85 (formerly £75) to visiting speakers preaching at Sunday services, although some have declined this gift.

Various gifts and bursaries were made from our Communion Fund, mainly to individuals known to the church but also including a contribution to the cost of meals served in the night shelter. We also made outward donations to our core charity Crossroads Counselling of £438, collected on a special gift day.

Reserves policy

The Trustees reviewed the reserves policy for the charity last year, noting the Charity Commission’s guidance on charity reserves and building in resilience. A lower level of reserves is considered sufficient while the Church does not employ a minister, and holding high cash balances would result in paying unnecessary loan interest. The target level of cash reserves is £16,000, after allowing for payment of creditors when they fall due. This is intended to provide a buffer for three months’ operating costs in addition to the balance on restricted funds. The largest operating expenses are the running costs of the church building.

The main form of income for this is voluntary giving and more specifically the core of supporters who give on a regular basis. The general reserve on the balance sheet dropped in 2025 to £17,456, from £26,166 in 2024. The Trustees consider that the overall position is sufficient as (i) cash flow is more important than the net balance reported under accruals accounting; (ii) the year-end cash balances of £12,193 were sufficient to pay the creditors as they fall due, and only temporarily low (compared to £23,500 in 2024) due to a delayed Gift Aid claim; (iii) monthly income regularly exceeds running costs, so reserves are being replenished at a viable rate.

Risk Statement

We have drafted a formal Financial Risk Assessment Policy, which has been reviewed in the year, and the Leaders pay attention to the risks noted.

Through the monthly Leaders meetings, the Leaders/Trustees review and recognise risks where they might occur and are exposed to in the activities of a small charity operating with

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few few employees. employees. Each activity, particularly where it is new/ outdoors, is given regular Each activity, particularly where it is new/ outdoors, is given regular risk risk assessments. assessments. The The work with children has detailed risk assessments linked to Child work with children has detailed risk assessments linked to Child Protection Protection and and Safeguarding. Safeguarding. DBS checks, Ofsted voluntary registration and adherence to the DBS checks, Ofsted voluntary registration and adherence to the Baptist Baptist Union Union safeguarding safeguarding are in place. Other areas of risk include health and safety are in place. Other areas of risk include health and safety procedures procedures particularly particularly around around food preparation, lone worker policy, buildings, PAT testing and fire food preparation, lone worker policy, buildings, PAT testing and fire safety, safety, and and procedures procedures are in place to address these. We have adopted the Baptist are in place to address these. We have adopted the Baptist Union’s Union's documents documents on on the General Data Protection Regulations from May 2018 until we create the General Data Protection Regulations from May 2018 until we create our our own. own. Related Related party transactions are disclosed in the Notes to the Accounts and did party transactions are disclosed in the Notes to the Accounts and did not not introduce introduce any any significant significant risks. risks.

Statement Statement of of Trustees' Trustees' Responsibilities Responsibilities

_ The Diaconate who are also the Charity Trustees are responsible for preparing financial statements statements in accordance with applicable law and United Kingdom Accounting in accordance with applicable law and United Kingdom Accounting Standards Standards (United (United Kingdom Generally Accepted Accounting Kingdom Generally Accepted Accounting Practice). Practice). The Diaconate who are also the Charity Trustees are responsible for preparing financial

. .

The The law law applicable to charities in England & Wales requires the trustees to prepare applicable to charities in England & Wales requires the trustees to prepare financial financial statements statements for for each financial year which give a true and fair view of the state of affairs each financial year which give a true and fair view of the state of affairs of of the the charity charity and of the incoming resources and application of resources of the charity for and of the incoming resources and application of resources of the charity for that that period. period. In In preparing these financial statements, the trustees are required preparing these financial statements, the trustees are required to: to:

a) a) select select suitable accounting policies and apply them suitable accounting policies and apply them consistently; consistently;

b) b) observe observe the methods and principles in the Charities the methods and principles in the Charities SORP; SORP;

c) c) make make judgments and estimates that are reasonable and judgments and estimates that are reasonable and prudent; prudent; d) d) state state whether applicable accounting standards have been followed, subject to whether applicable accounting standards have been followed, subject to any any material material departures departures disclosed and explained in the financial disclosed and explained in the financial statements; statements; e) e) prepare prepare the financial statements on the going concern basis unless it the financial statements on the going concern basis unless it is is inappropriate inappropriate to to presume that the charity wi presume that the charity will l continue in continue in operation. operation.

The The trustees trustees are responsible for keeping adequate accounting records that disclose are responsible for keeping adequate accounting records that disclose with with reasonable reasonable accuracy accuracy at any time the financial position of the charity and enable them at any time the financial position of the charity and enable them to to ensure ensure that that the financial statements comply with the Charities Act 2011, the the financial statements comply with the Charities Act 2011, the Charity Charity (Accounts (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are and Reports) Regulations 2008 and the provisions of the trust deed. They are also also responsible responsible for safeguarding the assets of the charity and hence for taking for safeguarding the assets of the charity and hence for taking reasonable reasonable steps steps for for the prevention and detection of fraud and other the prevention and detection of fraud and other irregularities. irregularities.

This This report report was approved by the Diaconate on 10 January 2026 and signed on its was approved by the Diaconate on 10 January 2026 and signed on its behalf behalf by: by: Bitbande Trustee: Trustee: Becky Becky Gbande Gbande

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Independent Examiner’s Report to the Trustees of Victoria Park Baptist Church

I report to the trustees on my examination of the financial statements of Victoria Park Baptist Church (‘the charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) 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 to 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 set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come 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 financial statements to be reached.

Shruti Soni FCCA FCIE Date: 12 January 2026

Shruti Soni Ltd Chartered Certified Accountants 117A St Johns Road Sevenoaks TN13 3PE

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VICTORIA PARK BAPTIST CHURCH

STATEMENT OF FINANCIAL ACTIVITIES AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

		Unrestricted	Restricted	Endowment		Unrestricted	Restricted	Endowment
	Note	funds	funds	funds	2025	funds	funds	funds	2024
		£	£	£	£			£
Income from:
Donations and legacies	2	51,069	2,244	-	53,313	57,218	5,510	-	62,728
Charitable Activities	3
Rental income and fees		63,815	-	-	63,815	48,198	-	-	48,198
Other trading activities		562	-	-	562	706	-	-	706
Investment income	4	995	-	-	995	274	-	-	274
Other
Total income		116,441	2,244	-	118,685	106,396	5,510	-	111,906
Expenditure on:
Charitable activities	5	96,424	2,890	-	99,314	65,132	4,931	-	70,063
Total expenditure		96,424	2,890	-	99,314	65,132	4,931	-	70,063
Net income/(expenditure)
before transfers		20,017	(646)	-	19,371	41,264	579	-	41,843
Transfers between funds	15	(29,000)	-	29,000	-	(11,953)	453	11,500	-
Net movement in funds		(8,983)	(646)	29,000	19,371	29,311	1,032	11,500	41,843
Reconciliation of funds:
Total funds brought forward		1,446,488	2,411	(276,500)	1,172,399	1,417,177	1,379	(288,000)	1,130,556
Total funds carried forward		1,437,505	1,765	(247,500)	1,191,770	1,446,488	2,411	(276,500)	1,172,399

All of the above are derived from continuing activities. There were no other recognised gains or losses other than those stated above.

The notes on the following pages form part of these accounts.

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VICTORIA VICTORIA PARK PARK BAPTIST BAPTIST CHURCH CHURCH

				BALANCE SHEET BALANCE SHEET	BALANCE SHEET BALANCE SHEET
				AS AT MARCH 2025 AS AT MARCH 2025
				Note Note	2025 2025		2024 2024
					£ £	£ £	£	£
				Fixed assets Fixed assets
					Tangible assets Total fixed assets Tangible assets Totalfixedassets	8		1,419,824 1,419,824 1,419,824 1,419,824
			Current assets Current assets
			Debtors Cashat bank and inhand Total current assets Debtors Cash at bank and in hand Totalcurrentassets	2 0 9 10	20,649 12,193 32,842 20,649 12,193 32,842		13,136 23,500 36,636 13,136 23,500 36,636
		,	Creditors:amounts alingdue withinoneyear Creditors: amounts fallingdue within oneyear	11 11	(41,896) (41,896)		(36,834) (36,834)
	_.		Netcurrent assets/(liabilities) Netcurrentassets/(liabilities)			(9,054) (9,054)		(198) (198)
			Totalassets less currentliabilities Total assets less current liabilities			1,410,770 1,410,770		1,419,899 1,419,899
			Creditors:amounts falingdue aftermore than oneyear Creditors: amounts falling due after morethan one year	12 12		(219,000) (219,000)		(247,500) (247,500)
			Netassets excluding pension asset/(liability) Net assetsexcluding pension asset/(liability)			1,191,770 1,191,770		1,172,399 1,172,399
			Totalnetassets/(liabilities) Totalnetassets/(liabilities)	15 15		1,191,770 1,191,770		1,172,399 1,172,399
			The funds of the charity: Endowment fund Restricted funds Thefunds ofthe charity: Endowment fund Restricted funds			(247,500) 1,765 (247,500) 1,765		(276,500) 2,411 (276,500) 2,411
			Unrestricted funds: Unrestricted funds:
			Designated Revaluation reserve General fund Total unrestricted funds Designated Revaluation reserve General fund Total unrestricted funds		10,049 1,410,000 17,456 10,049 1,410,000 17,456	1,437,505 1,437,505	10,322 1,410,000 26,166 10,322 1,410,000 26,166	1,446,488 1,446,488
			Total charity funds Totalcharityfunds	14 14		1,191,770 1,191,770		1,172,399 1,172,399
			Thesefinancial statements were approved by the Diaconate (Leadership Team) on 10 January 2026 and signed on behalf by: SMbaude These financial statements were approved bythe Diaconate (Leadership behalfby:			financial statements were approved by the Diaconate (Leadership Team) on 10 January 2026 and signed on NeitheChes Team) on 10January	financial statements were approved by the Diaconate (Leadership Team) on 10 January 2026 and signed onits NeitheChes 2026 and signed on its

| NeitheChes Treasurer: Treasurer: Neville Nevi l e Reid Reid

Secretary: Secretary: Becky Becky Gbande Gbande

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VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

(i) Basis of accounting

The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) , (Charities SORP FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice. The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. The functional currency of the Church is sterling.

The financial statements have been prepared under the historical cost convention, except for the valuation of investment assets, which are shown at market value.

(ii) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

(iii) Going concern

The trustees consider that there are no material doubts about the charity's ability to continue as a going concern. Large projects are only undertaken when the funding is certain.

The trustees consider the general reserve of £17456 at the year end to be sufficient, along with estimated income in the following year, to continue operating.

The building loan is being repaid over 10 years as a long-term loan. Other options for repaying it include selling the church’s large manse, and purchasing a smaller property with the remaining proceeds of sale.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material to the carrying amounts of assets and liabilities within the next reporting period.

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VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

Accounting policies - continued

• (iv) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Tax reclaims on donations and gifts:

Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be unrestricted income unless the donor or the terms of the appeal have specified otherwise.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

(v) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

Other income and income from trading activities

Rental income from the letting of church premises and the church Manse property is recognised when the rental is due.

(vi) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

(vii) Fund accounting

Unrestricted Funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

14

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

Accounting policies - continued

The financial statements include all transactions, assets and liabilities for which the Church is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

(viii) Expenditure and irrecoverable VAT

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 activity headings:

• Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary

• contributions to it, as well as the cost of any activities with a fundraising purpose.

• Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs.

• Grants payable are accounted for when due.

• Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

(ix) Allocation of support and governance costs

Support and governance costs are allocated to unrestricted funds.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity's activities.

(x) Fixed assets and depreciation:

Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life to their estimated residual value, unless they cost less than £1,000 when they are written off on purchase.

Depreciation periods are as follows:

Freehold land Not depreciated but valued at NIL since originally purchased in the 19th century. Freehold buildings Over 50 years, and hence the church property is fully depreciated since it is over 50 years old. The Manse has previously been depreciated at 2% on estimated cost over its estimated useful life of 50 years and is fully depreciated on that original basis at Mar 2017. Since 2016 the Trustees have had a policy of revaluing the property every 5 years. The Trustees feel that an online search of like local properties is sufficient for revaluation purposes. The current valuation was carried out in 2022. The property valuation cannot be realised by the Church, only by the London Baptist Property Board. No depreciation is provided as the estimated residual value is not materially different from the carrying value and its estimated useful life is so long to result in depreciation being immaterial. Refurbishment The 2012 kitchen ceiling refurbishment is depreciated at 2% on cost over its estimated useful life of 50 years. Equipment Between 3 and 7 years for items costing over £1000

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VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

Accounting policies - continued

(xi) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(xii) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

(xiii) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

(xiv) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(xv) Pension costs:

The charity is part of the Baptist Union Pension Scheme for certain of its employees. Pension premiums are paid to this defined contribution scheme to fulfil the local church's responsibilities and charged to expenditure as they fall due.

2 Income from donations and legacies Unrestricted Restricted 2025 2024 £ £ £ £ General donations and grants 34,861 - 34,861 30,639 Tax recoverable 9,198 - 9,198 8,547 Thank offerings 6,910 - 6,910 17,180 Other donations and grants 100 2,244 2,344 6,362 51,069 2,244 53,313 62,728 Income from donations and legacies - prior year comparative 2024 General donations and grants 30,639 - 30,639 Tax recoverable 8,547 - 8,547 Thank offerings 17,180 - 17,180 Other donations and grants 852 5,510 6,362 57,218 5,510 62,728	Unrestricted Restricted 2025 2024	Unrestricted Restricted 2025 2024
	£ £ £ £ 34,861 - 34,861 30,639 9,198 - 9,198 8,547 6,910 - 6,910 17,180 100 2,244 2,344 6,362
	51,069 2,244 53,313 62,728
		2024 30,639 8,547 17,180 6,362 62,728
	57,218 5,510

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VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

3 Charitable activities Advancement of religion and education Rental income and fees Church Rental income Manse Other trading activities Charitable activities - prior year comparative Rental income and fees Church Rental income Manse Other trading activities 4 Investment income Bank interest Investment income - prior year comparative Bank interest 5(a) Direct Charitable Costs Employee costs 7 Church activity Church property Church design project Church roof Manse property Depreciation 8 Grants payable 5 c	Unrestricted Restricted	2025 2024
	£ £ 23,315 - 40,500 - 562 -	£ £ 23,315 12,799 40,500 35,399 562 706
	64,377 -	64,377 48,904
	12,799 - 35,399 - 706 -	2024 12,799 35,399 706 48,904 2025 2024
	48,904 -
	Unrestricted Restricted
	£ £ 995 -	£ £ 995 274
	274 -
	£ £ £ £ 3,456 - 3,456 2,728 6,243 1,307 7,550 3,878 32,291 - 32,291 49,749 38,370 - 38,370 - 9,709 - 9,709 - 1,053 - 1,053 7,693 273 - 273 273 - 1,583 1,583 850
	91,395 2,890 94,285 65,171

The refurbishment of the Church roof is written off in the year as it replaces the existing roof.

(b) Administration and governance Administrative costs Independent examination fee Combined charitable activity cost	Unrestricted Restricted 2025 2024
	£ £ £ £ 3,289 - 3,289 3,152 1,740 - 1,740 1,740
	5,029 - 5,029 4,892
	96,424 2,890 99,314 70,063

17

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

(c) Grants Missionary support Relief of poverty Other grants	Institutions Individuals 2025 2024 £ £ £ £ - - - - - 1,145 1,145 150 - 438 438 700
	- 1,583 1,583 850

The church supports missionaries in the UK and internationally. Where a particular missionary has been supported by the church for a number of years, strict compliance with the Charities' Statement of Recommended Practice (SORP) may regard some arrangements as constituting constructive obligations such that future years' support is accounted for in these accounts as a liability. Whilst the support has no final end date in some cases, the church officers assess missionary funding on an annual basis and are confident that the missionaries would not view their support as open ended obligations by the Church.

The main features of the grants made were to:

The main features of the grants made were to: Baptist Home Mission Baptist World Mission Crossroads CCS 5(a) Direct Charitable Costs - prior year comparative Employee costs 7 Church activity Church property Church roof Manse property Depreciation 8 Grants payable 5 c (b) Administration and governance Administrative costs Independent examination fee Combined charitable activity cost (c) Grants Missionary support Relief of poverty Other grants

2025 2024 £0 £0 £0 £0 £438 £700 Unrestricted Restricted 2024 £ £ £ 2,728 - 2,728 2,965 913 3,878 46,581 3,168 49,749 - - 7,693 - 7,693 273 - 273 - 850 850 60,240 4,931 65,171 Unrestricted Restricted 2024 £ £ £ 3,152 - 3,152 1,740 - 1,740 4,892 - 4,892 65,132 4,931 70,063 Institutions Individuals 2024 £ £ £ - - - - 150 150 700 - 700 700 150 850

18

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

6 Net income/(expenditure) for the year This is stated after charging/(crediting) Depreciation Interest payable Independent examiners' fee 7 Staff and trustees Staff costs were as follows: Salaries and wages (includes casual workers) Other employment costs Employer deficiency contributions to defined benefit scheme Employer contributions to defined contribution pension scheme Total	2025 2024 £ £ 273 273 13,442 14,814 1,740 1,740 2025 2024 £ £ 3,449 2,716 - - 7 12 - -
	3,456 2,728

The charity has no full time equivalent employed staff at the year end (2024: nil employed staff in the first financial quarter of the year.

No staff received salaries at a rate of more than £60,000 per annum (2024: nil)

The Minister retired during 2020 and a minister in training was in post until June 2022 , no stipend was paid in 2025 (2024: nil) and deficiency contributions were paid to the pension scheme of £7, no other pension contributions were made (2024: £12).

The Trustees are the Key Management Personnel.

No remuneration or reimbursement of expenses were paid to any trustee during the year nor to any person connected to them (2024: nil).

19

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

8 Tangible fixed assets Cost At 1 April 2024 Additions At 31 March 2025 Accumulated Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024	Building Equipment Total refurbishment & fittings Manse 2025 £ £ £ £ 13,647 24,178 1,414,000 1,451,825 - - - -
	13,647 24,178 1,414,000 1,451,825
	3,550 24,178 4,000 31,728 273 - - 273
	3,823 24,178 4,000 32,001
	9,824 - 1,410,000 1,419,824
	10,097 - 1,410,000 1,420,097

Freehold land - church Valued at NIL since originally purchased in the 19th century.

Freehold buildings - church The church property is fully depreciated since it is over 50 years old.

Freehold buildings - Manse The Manse was valued at estimated original cost in 1967 of £4,000.

In 2022 the building was revalued using average value from an online valuation tool, valuing the property at c£1,410,000. The Manse cannot be sold without the purchase of equivalent accommodation.

The properties are believed to be held as endowment property (see notes 14&15). The endowment fund matches to loans raised against the properties to carry out refurbishment works.

9 Debtors and prepayments Sundry debtors Tax recoverable Accrued income Prepayments 10 Cash at bank and in hand Bank operating accounts Bank deposits	2025 2024 £ £ 50 960 17,498 8,300 - 3,168 3,101 708
	20,649 13,136
	2025 2024 £ £ 7,293 11,051 4,900 12,449
	12,193 23,500

20

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

11 Creditors: liabilities falling due within one year

11 Creditors: liabilities falling due within one year Sundry creditors Payroll taxes Interest on loan London Baptists long term loans Accruals 12 Creditors: liabilities falling due after one year London Baptists long term loans Due after one year Total balance due	2025 2024 £ £ 7,547 719 - - 2,999 3,744 28,500 29,000 2,850 3,371
	41,896 36,834
	2025 2024 £ £ 219,000 247,500
	219,000 247,500

The Church took out a loan of £60,000 for the purpose of replacing the Church roof. This loan is interest free & repayable over 10 years in monthly instalments.

The Church took out a further drawdown loan of up to £500,000 also for the purpose of replacing the Church roof. The drawdown was completed in 2023 (£201,000) with a total of £231,000 of the potential £500,000 loan being borrowed. The loan will carry interest at the LBPB's variable rate as shown on the LBA website https://www.londonbaptist.org.uk/property-board. The interest is payable quarterly. The loan is now treated as £225,000, repayable in quarterly instalments over 10 years. The LBPB, as Church trustee, is authorised to sell, mortgage or charge all or any part of the Church's properties in order to raise or secure such principal sum and interest as may be outstanding.

13 Pension schemes

The Church is an employer participating in a pension scheme known as the Baptist Pension Scheme ("the Scheme"). The Scheme is now a DC Plan.

The Trustee of the Scheme entered into an agreement with the insurance company Just Retirement Limited ("Just") in 2022 to secure DB Plan members' benefits. The DB Plan closed with effect from 31st October 2024. The Trustee ceased the collection of the £1/month Deficit Recovery Contributions at the end of October 2024. DB Plan employers no longer have any further responsibilty towards the DB Plan.

21

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

14 Movements in funds

Endowment fund Restricted funds Other restricted funds Communion Fund Total restricted funds Unrestricted funds Designated funds Long term funds Capital values fund Short term funds Church events Total designated funds Revaluation reserve General reserves Total unrestricted funds Total funds		At 1 April 2024 £ (276,500) 703 1,708	Incoming resources £ - 1,198 1,046	Outgoing resources £ - (1,745) (1,145)	At 31 March Transfers 2025 £ £ 29,000 (247,500) 856 1,012 (856) 753
		2,411	2,244	(2,890)	- 1,765
		10,097 225	-	(273) -	9,824 - 225
		10,322	- -	273	- 10,049
	1,410,000 26,166		- 116,441	- (96,151)	- 1,410,000 (29,000) 17,456
	1,446,488		116,441	(96,424)	(29,000) 1,437,505
	1,172,399		118,685	(99,314)	- 1,191,770

Purpose of endowment funds

When the Church borrows money from London Baptists to carry out essential repairs and refurbishment to the church, an amount equivalent to the loan is transferred to an endowment fund which is reduced each year by an amount equivalent to the amount of loan repaid.

Under the terms of the original endowment, it is believed that the proceeds of sale of the assets, should this occur, could only be used for equivalent capital purchases such as the repayment of property loans or the purchase of new buildings.

Endowment Funds are required to match the Church's loans, therefore a transfer from General Funds to Endowment Funds is necessary.

22

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

14 Movements in funds - continued

Purpose of designated funds

Capital Values Fund represents the accounting value of refurbishment works for the endowment property (the Church building and Manse).

The revaluation reserve reflects the average market value of the Manse property in July 2022.

Purpose of restricted funds

The restricted funds represent amounts received for specific purposes.

Transfers represent amounts moved to and from general reserve to fund specific activities per the terms of the funds.

Movements in funds - prior year

Movements in funds - prior year
Endowment fund Restricted funds Other restricted funds Communion Fund Total restricted funds Unrestricted funds Designated funds Long term funds Capital values fund Short term funds Church events Total designated funds Revaluation reserve General reserves Total unrestricted funds Total funds		At 1 April 2023 £ (288,000)	Incoming resources £ -	Outgoing resources £ -	At 31 March Transfers 2024 £ £ 11,500 (276,500)
		734 645	4,298 1,212	(4,781) (150)	452 703 1 1,708
		1,379	5,510	(4,931)	453 2,411
		10,370	-	(273)	- 10,097
		225	-	-	- 225
		10,595	-	(273)	- 10,322
	1,410,000 (3,418)		- 106,396	- (64,859)	- 1,410,000 (11,953) 26,166
	1,417,177		106,396	(65,132)	(11,953) 1,446,488
	1,130,556		111,906	(70,063)	- 1,172,399

23

VICTORIA PARK BAPTIST CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

15 Analysis of net assets between funds at 31 March 2025

The assets and liabilities represented by the various funds are as follows:

Restricted funds Church funds Endowment funds Unrestricted funds Designated funds Revaluation reserve General funds Total funds	Fixed Bank and Other net Long-term Total assets cash assets liabilities £ £ £ £ £ - 1,765 - - 1,765
	- 1,765 - - 1,765
	- - - (247,500) (247,500) 9,824 225 - - 10,049 1,410,000 - - - 1,410,000 - 10,203 (21,247) 28,500 17,456
	1,419,824 10,428 (21,247) (219,000) 1,190,005
	1,419,824 12,193 (21,247) (219,000) 1,191,770

Analysis of net assets between funds - prior year 31 March 2024

The assets and liabilities represented by the various funds are as follows:

Restricted funds Church funds Endowment funds Unrestricted funds Designated funds Revaluation reserve General funds Total funds	Fixed Bank and Other net Long-term Total assets cash assets liabilities £ £ £ £ £ - 2,411 - - 2,411
	- 2,411 - - 2,411
	- - - (276,500) (276,500) 10,097 225 - - 10,322 1,410,000 - - - 1,410,000 - 20,864 (23,698) 29,000 26,166
	1,420,097 21,089 (23,698) (247,500) 1,169,988
	1,420,097 23,500 (23,698) (247,500) 1,172,399

16 Related party transactions

Rev Paul Unsworth of Kahaila Church is a de-facto trustee, attending Leadership Team and other Meetings. He is a Director of Three Cords Coffee from which VPBC purchases coffee at a discounted rate; £213 in the year (2024: £36). He is also a Director of Emerald Oak Catering, formerly Burning Tree Tea Ltd, from which VPBC purchases night shelter dinners £673 in 2025 (2024: £660 ) . There were no other payments to related parties during the year.

In the year an aggregate of £24,080 was donated to the Church by Trustees, (2024 £25,043)

17 Taxation

The charity is exempt from corporation tax as all of its income is charitable and is applied for charitable purposes.

18 Contingent Asset

Helen Cammish left a legacy to VPBC to be fulfilled when the property she jointly owned is sold.

This is noted as a contingent asset in VPBC accounts, but as the legacy will not be received until an undetermined time in the future, it cannot be quantified.

24