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2022-03-31-accounts

2021/2022 Annual Report

Registered charity no: 1179731 Annual Report and Financial Statements 1 April 2021 to 31 March 2022

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Friends of Victoria Park, Stretford Reference and administration information

Charity number 1179731 Registered office and operational address Victoria Park Community Building Victoria Park Stretford Manchester M32 0AD

Trustees

Trustees who served during the year and up to the date of this report were as follows: Shelly Quinton-Hulme Ita Kirrane Simon Bramhall Appointed 5th August 2021 Christine Barry Tom Ross Stephen Adshead Charlotte Evans Resigned 5th October 2021 Suzy Woods Jean Napier Margaret Longworth Resigned 19th July 2022 Claudia De Carlo Resigned 5th July 2021 Karin Miller Resigned 12th July 2022 Habeeba Bharat Julie Bramall Appointed 20th August 2022 Carol Hodgson Appointed 20th August 2022 Anne Clayson Appointed 5th August 2021

Key management personnel

Office manager / CEO – Jane Kilworth Café Manager – Gillian Clare Booth / Kayleigh Flaherty Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing

Independent examiner

Patrick Morrello, Third Sector Accountancy Limited, Holyoake House, Hanover Street, Manchester M60 0AS.

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Friends of Victoria Park Stretford

Trustees’ annual report for the year ended 31 March 2022

The trustees present their report and the unaudited financial statements for the year ended 31 March 2022.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

The Friends of Victoria Park, Stretford formed and constituted in March 2002 as a community group. During 2018 we gained registered charity status as a charitable incorporated organisation in preparation for running The Tearoom and The Community Building. Our constitution can be found on our website.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Our charitable aim is as follows: For the benefits of the inhabitants of Stretford, to provide or assist in the provision of facilities for recreation and other leisure time occupation in the interests of social welfare with the object of improving their conditions of life for the inhabitants of the area in particular but not exclusively by the preservation, promotion, support, assistance and improvement of Victoria Park

We formed to save and restore our local park which had become a no-go zone due to it being so neglected by Trafford Council. Over the past 20 years we have worked really hard to make improvements and stage wonderful events that bring our community together and raise funds for the park improvements. We review our mission / Vision / goal / aims and behaviours each year.

OUR MISSION
[What we do]
OUR VISION
[What we want to be]
OUR GOALS
[What we must
achieve]		 To ensure Victoria Park remains as one of the best community hubs and visitor
attractions in Stretford / Trafford.
To be a welcoming, vibrant park; the vital green heart of our urban community;
offeringmodern facilities,andyet maintainingelements of its Victorian heritage.
OUR GOALS
[What we must
achieve]		 ●
A well-maintained park for all;
●
A broad, diverse and socially inclusive set of volunteers;
●
An exciting events calendar throughout the year;
●
Partnership working with other groups in Stretford / Trafford and
Trafford Council;
●
A well run and accessible community building / café;
●
Harnessing local talent / expertise;
●
An educational resource and signposting facility
●
Reduce inequality in Stretford

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Friends of Victoria Park Stretford

Trustees’ annual report for the year ended 31 March 2022

----- Start of picture text -----
OUR BEHAVIOURS & ● Integrity;
PRINCIPLES ● Opportunities and Respect for All;
[How we will work] ● Families and Friendships
● Inclusivity;
● Responsive to community needs;
● Caring & Supportive;
● Ethical; & Sustainable
----- End of picture text -----

Registered Office: Victoria Park Community Building, Victoria Road, Stretford, Manchester, M32 0AD

Our constitution can be found on our website and is dated 24.07.2018. It uses the template for a charitable incorporated organisation Foundation model constitution [http://fovps.org.uk/governance/]

Our Year in review – Chairperson’s Report

I’m not going to lie – this has continued to be a really challenging time for us as a charity. We were learning how to run a community building, whilst trying to build a team, and contend with the effects of Covid – we definitely didn’t get everything right!

We have struggled with staffing and capacity issues throughout the year which meant that we have not started to deliver some of the things we had hoped to be up and running by now. This has had a knock on effect to our income generation and as such we are not where we hoped we would be at this stage.

We are looking forward to delivering our health and social wellbeing plan using the Community Building as the hub to deliver this programme and will produce an impact report during 2022/23

Achievements and performance

The charity's main activities and who it tries to help are described below are undertaken to further Friends of Victoria Park Stretford’s charitable purposes for the public benefit

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Friends of Victoria Park Stretford Trustees’ annual report for the year ended 31 March 2022

FOVPS - Social Wellbeing Programme

Our park attracts at least 10,000 local residents each year to events and activities but we want to use the community hub and the wider green space of the park to support at least 1500 people each year who are on the edges, or not included at all, in Stretford life to engage with the community thereby improving their circumstances and strengthening our neighbourhood.

Outputs Outcomes
Supporting Stretford –
Partners/Specialist Support Groups		 ●
A minimum of 400 women in crisis, 50 People
experiencing substance and alcohol abuse, 100
elderly, 50 people with poor mental health - we
will agree a data-sharing protocol with the partner
provider which provides us with evidence of
impact.
Recovery Groups, Mindfulness Groups,
Women’s Groups, Wellness Groups		 NHS top 10 stress busters:
●
Be more active
●
Better control of own lives
●
Improved connection with people
●
Have more ‘me time’
●
Experience greater challenge of self
●
Reduction in unhealthy habits
●
More involved in helping other people
●
Beginning to work smarter, not harder
●
Experience morepositive thoughts
Social Stretford – Social Wellbeing ●
10,000 people in Stretford will attend our free park
events - we will record attendance and do short video
clips of people and their thoughts. Comment box,
survey, feedback on social media
●
At least 100 people with disabilities will be more
included - we will carry out interviews with disabled
users of the park, carers and support agencies to
record the difference access has made to their lives
●
At least 400 people who are isolated - data will be
gathered through registration forms and records of
attendance at formal activities and signing in sheets
for informal activities such as the Park events we will
carryout surveys andgather case studies
Friends Groups e.g.: arts and crafts
groups, after school stay and play; Make
Do and Mend, Stretford Shedders,
friendly food groups, bike repairs, lunch
clubs, summer bbqs		 People of all ages and backgrounds:
●
Feel less lonely and more positive about life
●
Experience an increased sense of wellbeing
●
Feel safe, valued and respected
●
Have more confidence to make choices and do the
things that matter to them
●
Have someone who will listen and who understands
their situation
●
Gain new skills which helps improve confidence

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Friends of Victoria Park Stretford

Trustees’ annual report for the year ended 31 March 2022

----- Start of picture text -----
Events e.g.: ● Experience a feeling of joy
Picnic in the Park ● Experience an increased sense of wellbeing
Festive Treasure Hunt ● Feel positive about their community
Love Your Park - Parktask Master ● Want to come again
Santa Comes to Stretford ● Feel connected with other people
Celebrations of festivals across cultures
● Feel more motivated to join other activity
Active Health - Physical Wellbeing ● A minimum of 250 children and adults will participate
in physical activity - we will use registration forms
and carry out questionnaires and surveys to gather
data on impact,
● At least 200 local children will be introduced to
environmental activity – we will gather data through
registration forms and surveys of changes in attitude.
Fitness Classes e.g: ● Greater confidence, ability, strength and mental
Thai Chi, HiiT, Kettlebells, Bootcamp, resilience to exercise regularly
Couch 2 5k, Yoga/Pilates, adapted/social ● Improved feelings about self
walking groups, Mums Buggy Fitness ● Feel more relaxed and able to enjoy being out and
Sports Groups e.g.: about
community sports sessions; ● More motivated to address other barriers to good
Petanque trial
health
● More positive about other people
● More able to face the world
Green Health – Mental Wellbeing ● At least 150 people - data will be gathered through
registration forms and records of attendance at
formal activities and signing in sheets for informal
activities such as the Park events we will carry out
surveys and gather case studies
Gardening for Health, Eco-gardening, ● Feeling more optimistic about the future
family gardening, Incredible Edibles, ● Improved feelings of usefulness
Nature Explorers ● Feeling more relaxed
● Dealing with problems better
● Thinking more clearly
● Feeling close to other people
● More able to make up own mind about things
Young Lives – Empowering the Next ● 10 Youth Councillors, 80 Youth Club members and 20
Generation young people - we will keep records of attendance,
share the minutes of the Youth Council meetings, run
focus groups with young people and ask young
volunteers to complete a volunteer agreement / we
will carry out an annual neighbourhood survey.
Junior Park Run ● Experience feelings of fun and enjoyment
● Feel a sense of achievement
● Motivated to connect with others
Young Friends (8-11 and 12-16), Youth ● Feelings of being valued and valuing others
Forum ● Improved sense of agency
● More confident to take the lead
● More positive about their community and others
● Feel able to achieve change in their lives and the lives
of others
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Friends of Victoria Park Stretford

Trustees’ annual report for the year ended 31 March 2022

----- Start of picture text -----
Friends Family Club: cinema, craft, ● Increased enjoyment in family time
cooking, cards (trading/playing) ● Increased feelings of family connectedness
● Have others to share challenges and joys with
● Improved feelings of wellbeing
● Feeling more relaxed
Stretford Skills – Employability and 8 young people and 30 adults – we will record data
Training through application forms, attendance records, individual
case notes
Formal/accredited Training e.g.: ● Feeling more motivated to try new things
Staff, Volunteer (social wellbeing ● Improved confidence in helping in the park and
programme, tearoom, barista), helping others
Employability, Horticulture, ● Improved confidence to look for work
Apprentices ● Feeling improved attitude to self and others
● Feeling more optimistic about the future
● Experiencing a sense of enjoyment in learning
Friendly Food – Poverty Relief ● 50 children experiencing food poverty, 30 young
people not in employment, education and training
(NEET), 60 poor families - this is a sensitive area
and we will take great care when seeking
feedback not to stigmatise anybody / we will
record the numbers of children and families
experiencing food poverty who come to the hub
for drinks and food through a discrete voucher
scheme / vouchers supplied to other agencies
such as schools, housing providers, Stretford
Foodbank, Jobcentres will be counted out and in /
we will meet with these agencies for feedback on
the difference this is making / children and
families who become more involved with other
activities may talk to volunteers about their
situations and this will be an opportunity to gather
case studies.
Suspended Coffees ● Reduced feelings of desperation
Holiday Helpers ● Feeling more connected to helpful services
The Family Dinner Club Lunch Clubs ● Experiencing a sense of community
Stretford Foodbank donations ● Feeling positive towards other people
● improved enjoyment in social eating
● more able to accept help and friendship
----- End of picture text -----

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Friends of Victoria Park Stretford Trustees’ annual report for the year ended 31 March 2022

Reserves policy

The aim of the reserves policy is to ensure that the charity’s ongoing and future activities are reasonably protected from unexpected fluctuations in its income and expenditure. The board reviewed the reserves policy and agreed that a minimum level of unrestricted general funds, also known as free reserves, of £85,000 is appropriate given the risks faced by the charity and the sustainability of its different income streams. This equates to approximately three months of expenses. Free reserves at 31 March 2022 were in deficit by £23,656.

Unrestricted funds £506,331
Designated funds £529,988
Restricted funds £38,841
Total funds £545,173
Total free reserves surplus / (deficit) (£23,656)
Total unrestricted income in year £238,822
Total unrestricted expenditure in year (£267,020)
Unrestricted surplus / (deficit) in year (£28,198)
Total restricted income received in year £110,847
Total restricted expenditure in year (£100,674)
Restricted surplus / (deficit) in year (£10,172)

The current reserves policy is 3 months expenses and we are working to restore this over the next 2 years by increasing the profit made in the Tea Room and Community Building. We have established a plan for working parties to share the workload with volunteers and this should mean that we are more efficient and effective. We are evaluating staff levels and also working with a café mentor to ensure that we are maximising café income.

Staffing issues continue to be a issue for us and the cost of level crisis is not helping. We are currently liaising with our funders/investors to ensure they are abreast with our situation and know what we are doing to amend our current financial situation. We are looking at all options to ensure the stability of the Community Building and our work within the park.

The Friends of Victoria Park, Stretford have not had any reportable accidents or incidents during this period.

Going Concern

At the time of signing the accounts, there were material uncertainties surrounding the operation of the cafe which cast doubt on the ability of the charity to continue in its current form. The trustees are investigating all options available to them and have made progress towards finding a satisfactory solution.

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Friends of Victoria Park Stretford Trustees’ annual report for the year ended 31 March 2022

Structure, governance and management

The Board of Trustees [shown in green boxes on the organogram below] are responsible for setting the long-term direction of the group and ensuring good governance for the charity is always adhered to. They are also there to further the charity’s objects as set out in the governing document. They will also ensure financial probity and be the accountable body for the group. They will report to our community via an annual report and annual accounts and an Annual General Meeting to which the public are invited. All trustees are volunteers, none receive any renumeration for their services, and are local people voted onto the board due to their skills or interest in the group.

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Friends of Victoria Park Stretford Trustees’ annual report for the year ended 31 March 2022

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

09/01/2023

The trustees’ annual report has been approved by the trustees on ……………………………………….. and signed on their behalf by

Shelly Quinton-Hulme

Trustee

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Friends of Victoria Park Stretford

Independent examiner’s report to the trustees for the period ended 31 March 2022

I report on the accounts of the charity for the year ended 31 March 2022 set out on pages 12 to 29.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of The Institute of Chartered Accountants in England and Wales.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Other matters

Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

At the time of signing the accounts we draw attention to note 1b of the notes which indicates there are material uncertainties surrounding ability of the charity to continue as a going concern. The trustees are exploring all available options surrounding the operation of the café and believe the have made progress towards finding a satisfactory solution to the current situation.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

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Friends of Victoria Park Stretford

Independent examiner’s report to the trustees for the period ended 31 March 2022

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester, M60 0AS

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Friends of Victoria Park, Stretford

Statement of Financial Activities

for the year ended 31 March 2022

----- Start of picture text -----
Unrestricted Restricted Total funds Unrestricted Restricted Total funds
funds funds 2022 funds funds 2021
Note £ £ £ £ £ £
Income from:
Donations and legacies 3 59,500 110,848 170,348 96,322 17,401 113,723
Charitable activities 4 15,632 - 15,632 3,698 108,420 112,118
Other trading activities 5 163,690 - 163,690 13,740 - 13,740
Total income 75,132 110,848 349,670 113,760 125,821 239,581
Expenditure on:
Raising funds 6 204,566 - 204,566 8,804 - 8,804
Charitable activities 7 83,977 100,675 184,652 73,846 30,331 104,177
Total expenditure 83,977 100,675 389,218 82,650 30,331 112,981
Net income/(expenditure) for the year 8 (8,845) 10,173 (39,548) 31,110 95,490 126,600
Transfer between funds 20,975 (20,975) - 236,869 (236,869) -
Net movement in funds for the year 12,130 (10,802) (39,548) 267,979 (141,379) 126,600
Reconciliation of funds
Total funds brought forward 535,077 49,644 584,721 267,098 191,023 458,121
Total funds carried forward 547,207 38,842 545,173 535,077 49,644 584,721
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Friends of Victoria Park, Stretford Charity number 1179731

Balance sheet as at 31 March 2022

----- Start of picture text -----
Note 2022 2021
£ £ £ £
Fixed assets
Tangible assets 13 529,988 531,597
Total fixed assets 529,988 531,597
Current assets
Stock 6,377 -
Debtors 14 10,407 9,797
Cash at bank and in hand 62,163 104,516
Total current assets 78,947 114,313
Liabilities
Creditors: amounts falling
due in less than one year 15 (31,291) (26,506)
Net current assets 47,656 87,807
Total assets less current liabilities 577,644 619,404
Creditors: amounts falling
due after more than one year 16 (32,471) (34,683)
Net assets 545,173 584,721
The funds of the charity:
Restricted income funds 17 38,842 49,644
Unrestricted income funds 18 506,331 535,077
Total charity funds 545,173 584,721
----- End of picture text -----

For the year in question, the charity was entitled to exemption from an audit under section 144 of the Charities Act 2011. The Charity Commission has not ordered an audit to be carried out under Section 146 of Charities Act 2011.

The notes on pages 14 to 29 form part of these accounts.

09/01/2023 Approved by the trustees on ................................. and signed on their behalf by:

Shelly Quinton-Hulme (Trustee)

Simon Bramall (Trustee)

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Friends of Victoria Park, Stretford meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling.

b Going concern

At the time of signing the accounts, there were material uncertainties surrounding the operation of the cafe which cast doubt on the ability of the charity to continue in its current form as a going concern. The trustees are investigating all options available to them and have made progress towards finding a satisfactory solution.

c Judgments and estimates

The trustees have made no key judgments which have a significant effect on the accounts.

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 adjustment to the carrying amount of assets and liabilities within the next reporting period.

d Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern.

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

e Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and 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.

e Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item 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), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f 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.

g Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

h 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:

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

i Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Freehold building 4% Office fixtures and other equipment 33%

j Stock

Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

j 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.

k 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.

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

l 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.

m 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.

o Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 10. There were no outstanding contributions at the year end.

2 Legal status of the charity

The charity is a charitable incorporated organisation registered with the Charity Commisssion in the United Kingdom (England and Wales) and has no share capital. In the event of the charity being wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

3 Income from donations and legacies

Donations
Donated assets
Grants
T
o
t
a
l
4
I
n
c
o
m
e
f
r
o
m
c
h
a
r
i
t
a
b
l
e
a
c
t
i
v
i
t
i
e
s
Rent
Event income
Activities
Other income
Grants
T
o
t
a
l		 Unrestricted
£
4,374
-
55,126
59,500
Unrestricted
£
9,010
6,622
-
-
-
15,632		 Restricted
£
1,052
-
109,796
110,848
Restricted
£
-
-
-
-
-
-		 Total 2022
£
5,426
-
164,922
170,348
Total 2022
£
9,010
6,622
-
-
-
15,632		 Unrestricted
£
10,094
36,362
49,866
96,322
Unrestricted
£
2,250
794
435
219
-
3,698		 Restricted
£
-
-
17,401
17,401
Restricted
£
-
-
-
-
108,420
108,420		 Total 2021
£
10,094
36,362
67,267
113,723
Total 2021
£
2,250
794
435
219
108,420
112,118

18

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

Café sales
6
C
o
s
t
o
f
r
a
i
s
i
n
g
f
u
n
d
s
Café staff costs
Café consumables
Café general expenses		 Unrestricted
£
163,690
163,690
Unrestricted
£
137,701
53,557
13,308
204,566		 Restricted
£
-
-
Restricted
£
-
-
-
-		 Total 2022
£
163,690
163,690
2022
£
137,701
53,557
13,308
204,566		 Unrestricted
£
13,740
13,740
Unrestricted
£
-
-
8,804
8,804		 Restricted
£
-
-
Restricted
£
-
-
-
-		 Total 2021
£
13,740
13,740
2021
£
-
-
8,804
8,804

19

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

7 Analysis of expenditure on charitable activities

Staff costs
Premises
Office and administration
Project costs
IT and communications
Legal and professional
Accountancy
Depreciation
Restricted expenditure
Unrestricted expenditure
8
N
e
t
i
n
c
o
m
e
/
(
e
x
p
e
n
d
i
t
u
r
e
)
f
o
r
t
h
e
y
e
a
r
This is stated after charging/(crediting):
Depreciation
Interest payable
Independent examiner's fee
Marketing and
publicity
Finance costs		 Total 2022
£
92,200
8,453
9,526
28,845
3,001
-
9,172
2,400
25,958
5,099
184,654
100,675
83,977
184,652
2022
£
25,958
5,099
1,200		 Total 2021
£
54,480
5,916
5,458
1,266
1,283
2,317
31,549
620
491
797
104,177
30,331
73,846
104,177
2021
£
491
797
620

20

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

9 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Pension costs		 2022
£
230,564
3,134
233,698		 2021
£
52,890
1,587
54,477

No employee has employee benefits in excess of £60,000 (2021: nil).

The average number of staff employed during the period was 21.25 (2021: 5.3).

The key management personnel of the charity comprise the trustees, the office manager and the café manager. The total employee benefits of the key management personnel of the charity were £66,229 (2021: £27,466).

10 Trustee remuneration and expenses, and related party transactions

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2021: nil).

No members of the management committee received travel and subsistence expenses (2021: nil).

Aggregate donations from related parties were £nil (2021: £2,522).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee of the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2020: Karin Miller received a payment of £1,000 for HR consultancy services as permitted by the constitution and sections 185 to 188 of The Charities Act 2011 for contracted HR services).

21

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

11 Government grants

The government grants recognised in the accounts were as follows:

Trafford Metropolitan Borough Council
The National Lottery
The National Lottery - Awards for All
HMRC furlough scheme		 2022
£
6,590
10,000
10,000
1,671
28,261		 2021
£
32,000
-
-
-
32,000

There were no unfulfilled conditions and contingencies attaching to the grants at 31 March 2022 2021

12 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

13 Fixed assets: tangible assets

s
t
ditions

p
r
e
c
i
a
t
i
o
n
arge for the year

t
b
o
o
k
v
a
l
u
e
31 March 2022
31 March 2022
31 March 2021
31 March 2022
1 April 2022
1 April 2022		 Building
£
519,759
18,331
538,090
-
21,524
21,524
516,566
519,759		 Equipment
£
12,329
6,018
18,347
491
4,434
4,925
13,422
11,838		 £
532,088
24,349
556,437
491
25,958
26,449
529,988
531,597
Total

22

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

----- Start of picture text -----
14 Debtors
2022 2021
£ £
Trade debtors 7,484 2,254
Tax and social security 433 5,674
Other debtors 531 -
Prepayments and accrued income 1,959 1,869
10,407 9,797
15 Creditors: amounts falling due within one year
2022 2021
£ £
Access to growth loan 7,162 5,454
Tax and social security 12,965 -
Pensions payable 1,109 -
Wages payable 1,758 -
Trade creditors 4,352 918
Other creditors and accruals 3,945 134
Payment received in error - 20,000
31,291 26,506
16 Creditors: amounts falling after more than one year
2022 2021
£ £
Access to growth loan 32,471 34,683
32,471 34,683
----- End of picture text -----

The access to growth loan is unsecured

23

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

17 Analysis of movements in restricted funds

----- Start of picture text -----
Balance at 1 Balance at 31
April 2022 Income Expenditure Transfers March 2022
£ £ £ £ £
A4A Together for Our
Planet - 10,000 (2,317) (696) 6,987
Access to Growth 3,620 - (3,620) - -
Arnold Clarke
Breakfast - 2,000 - (2,000) -
Awards for all 847 - (847) - -
Bright Ideas 25 - (25) - -
Charity Service - Game
Cafe - 396 (396) - -
Charles Hayward 3,000 - (2,632) (368) -
Clothworkers - 8,610 (8,610) - -
Comic
Relief/Groundwork 3,600 - (2,674) (926) -
Crowdfunder 1 69 - (180) 111 -
Crowdfunder 3 15,489 1,052 - (16,541) -
GMCVO - Freshair 4,915 - (4,924) 9 -
GMCVO - Mental Well
being 8,097 - (8,097) - -
GMCVO walking grant 200 - (200) - -
Kew Gardens - 500 (421) (79) -
National Lottery
Polytunnel - 10,000 (3,450) - 6,550
O2 Together - 1,000 (1,140) 140 -
Postcode Lottery - 17,505 (17,505) - -
School of Social
Enterprise - 6,000 (6,000) - -
Semble action fund - 1,000 (1,000) - -
SSE - Finance systems - 850 (549) - 301
The Hideaway - 8,571 (8,571) - -
Thriving Communities - 5,400 (5,400) - -
THT CEO and core - 25,000 - - 25,000
THT - Digital Cafe - 4,992 (4,992) - -
THT - Holiday Helpers 3,714 - (3,714) - -
THT Easter - 500 (500) - -
Total carried forward 43,576 103,376 (87,764) (20,350) 38,838
----- End of picture text -----

24

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

Restricted funds b/f
TMBC - Baby Friends
TMBC - HAF Easter
Winter Resilience
Yorkshire Bank
Total
C
o
m
p
a
r
a
t
i
v
e
p
e
r
i
o
d
TMBC building fund
Access reach fund
Access to growth
Awards for All
Bernard Sunley
Bright Ideas
Charles Hayward
Comic Relief
Co-op Foundation
Crowdfunder 1
Crowdfunder 2
Crowdfunder 3
Garfield Weston
Restricted funds c/f
Funds allocated to
restricted funds in
error 2020
GMCVO walking grant
GMCVO - Fresh air
Friday
TMBC Standing
Together
Trafford Building
TMBC - Inclusive
Neighbourhood -
GMCVO - mental
wellbeing		 43,576
2,000
-
-
-
4,064
-
4
49,644
Balance at 1
April 2021
£
87,184
-
494
-
-
10,000
-
-
-
-
-
27,600
12,845
-
3,000
-
-
141,123		 103,376
-
-
500
1,098
-
5,874
-
110,848
Income
£
-
30,000
-
11,250
10,000
-
15,000
15,000
3,000
4,000
1,906
-
-
15,489
-
4,915
8,547
119,107		 (87,764)
(1,407)
(1,196)
(222)
(1,098)
(4,064)
(4,924)
-
(100,675)
Expenditure
£
-
-
(294)
(11,250)
(3,282)
-
-
(14,655)
-
(400)
-
-
-
-
-
-
(450)
(30,331)		 (20,350)
(593)
1,196
(278)
-
-
(950)
-
(20,975)
Transfers
£
(87,184)
(25,936)
-
-
(3,099)
(9,153)
(15,000)
(320)
-
-
(1,906)
(27,530)
(12,845)
-
(3,000)
-
(185,973)		 38,838
-
-
-
-
-
-
4
38,842
Balance at
31 March
2021
£
-
4,064
200
-
3,619
847
-
25
3,000
3,600
-
70
-
15,489
-
4,915
8,097
43,926

25

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

Comparative period
Restricted funds c/f
THT - Holiday helpers
TMBC building fund
Yorkshire Bank
Total
THT - social
nvestment fund		 141,123
-
49,900
-
-
191,023		 119,107
3,714
-
2,000
1,000
125,821		 (30,331)
-
-
-
-
(30,331)		 (185,973)
-
(49,900)
-
(996)
(236,869)		 43,926
3,714
-
2,000
4
49,644

Funds transfers from restricted to unrestricted funds occurred where internal café expenses and room hire were charged to restricted funds or restricted fund were used to purchase fixed assets for the charity.

Name of restricted fund

Description, nature and purposes of the fund

Funds allocated to restricted funds in error 2020 TMBC building fund

Unrestricted funds were incorrectly listed as restricted funds. At the year end, the charity identified the correct restricted funds listed below and the remaining balance was transferred to unrestricted funds For the community building

GMCVO walking grant To fund the park's walking sessions A4A Together for our For getting investment ready planet Access to growth For getting investment ready Arnold Clarke Breakfast Funding for breakfast club Awards for All For the community building Bright Ideas To fund CEO salary Charles Hayward Tai Chi Sessions Clothworkers To build sheltered outdoors space Comic Relief Mental health sessions Co-op Foundation For the community building Crowdfunder 1 For the community building Crowdfunder 3 For the community building GMCVO - Fresh air Friday To fund the park's walking sessions GMCVO - mental To fund the green roof project wellbeing

26

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

Name of restricted fund cont'd. Description, nature and purposes of the fund

Kew Gardens The 'Grow Wild' gardening project National Lottery To build a polytunnel in the park Polytunnel O2 Together Project activities to reduce loneliness and isolation School of social entrepreneurs To improve finance systems and cover core costs Semble action fund To cover core costs THT - Holiday helpers To provide food for children during holidays THT - social investment fund To provide food for children during holidays The Hideaway To cover play related salary To deliver arts, cultural, sports and educational project to those communities Thriving communities most affected by COVID 19 THT - CEO and core To cover CEO salary and core costs THT digital café To fund teaching of digital skills in the cafe THT holiday helpers To fund school holiday activities THT Easter To fund activities over the Easter holiday period TMBC Baby Friends To fund the baby group in the café TMBC inclusive neighbourhoods For the Christmas community building celebration TMBC Standing Together To provide equipment to improve the safety of people using the park Trafford Building For the community building Grant Project aimed to tackle fuel poverty and keep local people warm over the Winter Resilience winter months

27

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

18 Analysis of movement in unrestricted funds

m
p
a
r
a
t
i
v
e
p
e
r
i
o
d
neral fund
neral fund
signated property
sets fund - The
mmunity Building
signated property
sets fund - The
mmunity Building		 Balance at 1
April 2022
£
15,318
519,759
535,077
Balance at
1 April 2021
£
5,200
261,898
267,098		 Income
£
238,822
-
238,822
Income
£
113,759
-
113,759		 Expenditure
£
(267,020)
(21,523)
(288,543)
Expenditure
£
(82,650)
-
(82,650)		 Transfers
£
(10,777)
31,752
20,975
Transfers
£
(20,991)
257,861
236,870		 As at 31
March 2022
£
(23,657)
529,988
506,331
As at 31
March 2021
£
15,318
519,759
535,077

Name of unrestricted fund Description, nature and purposes of the fund

General fund

The free reserves after allowing for all designated funds

Designated property assets fund - the Community Building

The fixed assets are essential for the future operation of the charity and so are excluded from free reserves.

28

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2022 (continued)

19 Analysis of net assets between funds

----- Start of picture text -----
General Designated Restricted
fund funds funds Total 2022
£ £ £ £
Tangible fixed assets 529,988 - - 529,988
Net current assets/(liabilities) (521,174) 529,988 38,842 47,656
Creditors of more than one year (32,471) - - (32,471)
Total (23,657) 529,988 38,842 545,173
Comparative period
General Designated Restricted
fund funds funds Total 2021
£ £ £ £
Tangible fixed assets 531,597 - 531,597
Fixed asset investments - -
Net current assets/(liabilities) (481,596) 519,759 49,644 87,807
Creditors of more than one year (34,683) - - (34,683)
Total 15,318 519,759 49,644 584,721
----- End of picture text -----

20 Financial instruments

Financial instruments measured at amortised cost comprise the loan financing provided by Access to Growth to the charity.

an payable falling due within one year
an payable falling due in more than one year but in
s than five years		 2022
£
7,162
32,470
39,632		 2021
£
5,454
34,683
40,137

The loan is an unsecured fixed interest rate loan.

29

Doc ID: 81b2fde800cee448f29a177b9062dd143be79570

Patrick Morrello Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 OAS Dear Patrick This representation letter Is provided in connection wlth your preparation and independent examination of the financial statements of Friends of Victoria Park. Stretford for the year ending 31 March 2022. Audit exemption We confirm that the charity accounts do not need to be audited under Section 144 of Charities Act 2011, that no Independent Examination is required under Section 145 of Charities Act 2011, and that the Charity Commission has not ordered an audit to be carried out under Section 146 of Charities Act 2011. Financlal statements We have fulfilled our responsibilities as trustees. as set out in the terms of your engagement dated 5 October 2020 for preparing financial statements in accordance with the Charities Act 2011 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel. You have drafted these financial statements on our behalf. The financial statements give a true and fair view of the financial position of Friends of Victoria Park. Stretford as of 31 March 2022 and of the results of its operations land its cash flowsl for the year then ended. We have fulfilled our responsibilities for making accurate representations to you. Significant assumptions used by us in making accounting estimates. including those measured ot fair value, are reasonable. We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the financial statements. We have dlsclosed all known actual or possible litigation and claims whose effects shoLJld be consldered when preparlng the flnanclal statements and these have been disclosed in accordance with the requirements of accounting standards. Related paty relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of accounting standards. All events since the balance sheet date which require disclosure or which would materially affect the amounts in the financial statements have been adjusted or disclosed in the financial statements. Doc ID.. 81b2Fd8800c8e448f29a177b9062dd143be79570

We confirm the financial statements are free of material misstatements. including omissions. We confirm that, having consldered our expectations and intentions for the next twelve months, and the availabllity of worklng capital, the charity is a golng concern. We confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on è going concern basis. Information provided All accounting records and relevant information have been made available to you for the purpose of your preparation and independent examination of the financial statements. We have provided to you all other informatlon requested and given unrestricted access to persons within the charity from whom you have deemed it necessary to request information. All other records and related information including minutes of all management and shareholders meetings have been made available to you. We confirm that we have disclosed all bank accounts and cash holdings in our control to you, and that 811 trans8Ctions through those account5 and balances on thern 8t the balance sheet date are adequately reflected in the accounting records and the financial statements. All transactions undertaken by the charity have been properly reflected in the accounting records and are reflected in the financial statements. We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud. We have disclosed to you tho results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. We have disclosed to you 811 information in relation to allegations of fraud, or suspected fraud affecting the charity's financi81 statements communicated by employees, former employees, analysts, regulators or others. 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 business and which could affect the financial statements. The charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance. We confirm that we have disclosed to you the identity of the charity's related parties and all related party relationships and transactions relevant to the charity that we are aware of. The charity has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements. Doc ID.. 81b2Fd8800c8e448f29a177b9062dd143be79570

Charlty speclflc representatlons All income to which the charity is entitled has been recorded in the accounting records and is reflected in the accounts. including donations collected by supporters and other third parties. Restricted funds have been applied to the purpose for which they were intended by the funder or donor. Where an intended recipient of a grant has been made aware that a grant will be paid to them, any resulting constructive obligation has been recognised in the accounts. All correspondence wlth the regulators has been mado available to you including any serious incident reports. Appropriate controls are in place to ensure overseas payments are applied for charitable purposes. We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you. Yours sincerely Signed on behalf of the trustees by.. .Shelly Quinton-Hulme. trustee, Friends of Victoria Park, Strefford 1110112023 Doc ID.. 81b2Fd8800c8e448f29a177b9062dd143be79570

Appendix- Immaterial unadjusted Items This is a summary of the uncorrected misstatements identified during the course of your oudit. We confirm thot we do not consider it necessary to adjust them os they are immoterial. individually and in aggregate. Deblt Credlt Doc ID.. 81b2Fd8800c8e448f29a177b9062dd143be79570

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F26 accounts and reps letter for signature Title F26 final accounts 2022.pdf and 1 other File name Document ID 81b2fde800cee448f29a177b9062dd143be79570 Audit trail date format DD / MM / YYYY Status Signed

11 / 01 / 2023 Sent for signature to Shelly Quinton-Hulme 11:21:18 UTC (shelly.quinton-hulme@networkrail.co.uk), Simon Bramall (simontbramall63@protonmail.com) and Patrick Morrello (patrick@thirdsectoraccountancy.coop) from info@manchesteraccountancy.org IP: 89.238.183.237 11 / 01 / 2023 Viewed by Shelly Quinton-Hulme 12:20:44 UTC (shelly.quinton-hulme@networkrail.co.uk) IP: 147.161.237.70 11 / 01 / 2023 Signed by Shelly Quinton-Hulme 12:23:02 UTC (shelly.quinton-hulme@networkrail.co.uk) IP: 147.161.237.70 11 / 01 / 2023 Viewed by Simon Bramall (simontbramall63@protonmail.com) 13:19:18 UTC IP: 86.177.154.114

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11 / 01 / 2023 Signed by Simon Bramall (simontbramall63@protonmail.com) 13:21:52 UTC IP: 86.177.154.114 11 / 01 / 2023 Viewed by Patrick Morrello 13:41:48 UTC (patrick@thirdsectoraccountancy.coop) IP: 62.8.103.162 11 / 01 / 2023 Signed by Patrick Morrello 13:42:34 UTC (patrick@thirdsectoraccountancy.coop) IP: 62.8.103.162 11 / 01 / 2023 The document has been completed. 13:42:34 UTC

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