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2025-03-31-accounts

Friends of Victoria Park Stretford 2024 2025 Annua Report l ictoria p Qr* Or our park siD¢ Period Covered: 01.04.2024- 31.03.2025 oc ID.. 6e81e02fa9c8d1dab9fb63b8728485430f5baf3a

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 Asiya Yaqub Elizabeth Tresnan Dan Adamson Carol Hodgson Anne Clayson Stephen Adshead Jane McKie Appointed 25 April 2024 Christine Barry Eunice Ayodeji Appointed 05 May 2025 Ita Kirrane Passed Away August 2025 Suzy Woods Retired 12 September 2024 Nicola Bray Office Vacated 28 April 2025

Key management personnel

General Manager – Daniel Good (July 2024 - May 2025)

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 2025

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 CIO in preparation for running The Tearoom and The Community Building. Our constitution can be found on our website.

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 To ensure Victoria Park remains as one of the best community hubs and visitor
[What we do] attractions in Stretford / Trafford.
OUR VISION To be a welcoming, vibrant park; the vital green heart of our urban community;
[What we want to be] offering modern facilities, and yet maintaining elements of its Victorian heritage.
OUR GOALS ●A well-maintained park for all;
[What we must ●A broad, diverse and socially inclusive set of volunteers;
achieve] ●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
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

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 CIO Foundation model constitution [http://fovps.org.uk/governance/]

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Friends of Victoria Park, Stretford Trustees’ annual report for the year ended 31 March 2025

Our Year in review – Chairperson’s Report

Another really challenging time for us as a charity. We are still learning how to run a community building and cafe, whilst trying to build a team, and contend with the after effects of Covid and the cost of living crisis – 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 have spent some time looking at what we can offer going forwards and how we need to be structured to operate effectively.

Our main achievements this year are as follows:

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

The Board of Trustees 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 remuneration for their services, and are local people voted onto the board due to their skills or interest in the group.

Our Trustees are able to serve for 3 consecutive terms of office before taking at least a year off from the board.

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Friends of Victoria Park, Stretford Trustees’ annual report for the year ended 31 March 2025

FOVPS Trustees - Terms of Office - as at 17.10.25

Trustee Date of
Appointment
to the board		 Term of
Office		 Term Date of office up for
renewal
Stephen Adshead 24.07.2018 3years 2 14.05.2026
Anne Clayson 05.08.2021 3years 2 05.08.2026
Elizabeth Tresnan 28.08.2023 3years 1 28.08.2026
Asiya Yaqub 28.08.2023 3years 1 28.08.2026
Dan Adamson 28.08.2023 3years 1 28.08.2026
Jane McKie 25.04.2024 3years 1 25.04.2027
Christine Barry 24.07.2018 3years 3 24.07.2027
Eunice Ayodeji 01.05.2025 3years 1 01.05.2028
Shelly Quinton-Hulme 24.07.2018 3 Years 3 24.07.2028
Carol Hodgson 20.08.2022 3years 2 19.08.2028
Ita Kirrane 24.07.2018 3years 3 Died Aug2025
SuzyWoods 08.04.2020 3years 2 Retired 12.9.2024
NickyBray 09.01.2023 3years 1 Office Vacated 28.04.25
Simon Bramall 05.08.2021 3years 1 Retired 29.01.2024
Jean Napier 24.07.2018 3years 2 Retired 29.08.2023
Julie Bramall 20.08.2022 3years 1 Retired 21.08.2023
Tom Ross 24.07.2018 3 years 2 Retired 28.01.2023– Emeritus
Trustee title conferred upon him
Habeeba Bhayat 03.09.2020 3years 1 Retired 13.12.2022
Margaret Longworth 24.07.2018 3years 2 Retired 19.07.2022
Karin Saenz-Miller 11.06.2020 3years 1 Retired 12.07.2022
Charlotte Evans 08.04.2020 3years 1 Retired 05.10.2021
Claudia De Carlo 08.04.2020 3years 1 Retired 05.07.2021
Heather Jones 24.07.2018 2years 1 Retired 05.08.2020
Rick Mullan-Louw 24.09.2018 3years 1 Retired May2020
Fiona McDonald-Naughton 24.07.2018 2years 1 Office Vacated April 2020
Elizabeth Powell 24.07.2018 2years 1 Office Vacated April 2020
Cath Johnston 24.07.2018 4years 1 Retired April 2020

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Friends of Victoria Park, Stretford Trustees’ annual report for the year ended 31 March 2025

Financial review and 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 2025 were in deficit by £14,350 (2024: £19,226 deficit).

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 and community events. 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 continues to be an issue for us and the cost of the 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.

Going Concern

The trustees do not consider that there is any material uncertainty about the ability of the charity to continue as a going concern. There is always the uncertainty of the café and it’s seasonality and how this affects the charity.

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:

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Friends of Victoria Park, Stretford Trustees’ annual report for the year ended 31 March 2025

presume that the charity will continue in operation

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.

The trustees’ annual report has been approved by the trustees on 27/10/25 and signed on their behalf by

Shelly Quinton-Hulme Chair

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Friends of Victoria Park Stretford

Independent examiner’s report to the trustees for the period ended 31 March 2025

I report on the accounts of the charity for the year ended 31 March 2024 set out on pages 8 to 22.

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.

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

  4. 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

28 / 10 / 2025

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Friends of Victoria Park, Stretford Statement of Financial Activities for the year ended 31 March 2025

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
8,790
Charitable activities
4
177,440
Investments
5
37
Total income
186,267
Expenditure on:
Charitable activities
6
222,483
Total expenditure
222,483
7
(36,216)
Transfer between funds
12,267
Net movement in funds for the year
(23,949)
Reconciliation of funds
Total funds brought forward
462,558
Total funds carried forward
438,609
Net income/(expenditure) for the year		 Restricted
funds
£
101,382
-
-
101,382
83,687
83,687
17,695
(12,267)
5,428
16,326
21,754		 Total funds
2025
£
110,172
177,440
37
287,649
306,170
306,170
(18,521)
-
(18,521)
478,884
460,363		 Unrestricted
funds
£
13,717
160,461
59
174,237
199,600
199,600
(25,363)
(373)
(25,736)
488,294
462,558		 Restricted
funds
£
63,187
-
-
63,187
85,837
85,837
(22,650)
373
(22,277)
38,603
16,326		 Total funds
2024
£
76,904
160,461
59
237,424
285,437
285,437
(48,013)
-
(48,013)
526,897
478,884

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 2025

Note
£
£
Fixed assets
Tangible assets
12
466,611
Total fixed assets
466,611
Current assets
Stock
2,928
Debtors
13
3,681
Cash at bank and in hand
23,287
Total current assets
29,896
Liabilities
Creditors: amounts falling
due in less than one year
14
(27,996)
Net current assets
1,900
Total assets less current liabilities
468,511
Creditors: amounts falling
due after more than one year
15
(8,148)
Net assets
460,363
The funds of the charity:
Restricted income funds
16
21,754
Unrestricted income funds
17
438,609
Total charity funds
460,363
2025		 £
£
479,761
479,761
2,588
7,394
31,928
41,910
(26,491)
15,419
495,180
(16,296)
478,884
16,326
462,558
478,884
2024		 £
£
479,761
479,761
2,588
7,394
31,928
41,910
(26,491)
15,419
495,180
(16,296)
478,884
16,326
462,558
478,884
2024
479,761
15,419
495,180
(16,296)
478,884
16,326
462,558
478,884

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 10 to 22 form part of these accounts.

28 / 10 / 2025

Approved by the trustees on ................................. and signed on their behalf by:

Shelly Quinton-Hulme (Trustee)

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025

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 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) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

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’. This departure has involved following 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 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

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.

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

d 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 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.

f 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.

g 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.

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

h 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%

i 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.

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.

n 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 2025 (continued)

3 Income from donations and legacies

3
Income from donations and legacies
Donations
Donated goods and services
Grants
Total
4
Income from charitable activities
Rent
Café sales
Catering Sales
Event income
Other income
Total
5
Investment income
Interest on bank deposits		 Unrestricted
£
3,174
5,616
-
8,790
Unrestricted
£
13,606
149,241
10,193
4,400
-
177,440
Unrestricted
£
37		 Restricted
£
-
-
101,382
101,382
Restricted
£
-
-
-
-
-
-
`
Restricted
£
-		 Total 2025
£
3,174
5,616
101,382
110,172
Total 2025
£
13,606
149,241
10,193
4,400
-
177,440
Total 2025
£
37		 Unrestricted
£
5,141
5,616
2,960
13,717
Unrestricted
£
12,162
128,487
11,250
6,174
2,388
160,461
Unrestricted
£
59		 Restricted
£
-
-
63,187
63,187
Restricted
£
-
-
-
-
-
-
Restricted
£
-		 Total 2024
£
5,141
5,616
66,147
76,904
Total 2024
£
12,162
128,487
11,250
6,174
2,388
160,461
Total 2024
£
59

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

6 Analysis of expenditure on charitable activities

Café
Café staff costs
Café consumables
Café general expenses
Catering
Catering consumables food
Catering general expenses
Other staff costs
Premises
Office and administration
Project costs
IT and communications
Marketing and publicity
Legal and professional
Accountancy
Depreciation
Restricted expenditure
Unrestricted expenditure
7
Net income/(expenditure) for the year
This is stated after charging/(crediting):
Depreciation
Interest payable
Independent examiner's fee
Finance costs		 2025
£
86,669
66,797
6,862
2,462
587
62,567
16,919
9,988
14,951
3,576
1,734
3,201
2,640
1,800
25,417
306,170
83,687
222,483
306,170
2025
£
25,417
2,640
1,800		 2024
£
79,605
65,420
12,464
-
-
56,476
17,747
5,820
15,222
3,113
991
4,628
(3,405)
1,610
25,746
285,437
85,837
199,600
285,437
2024
£
25,746
(3,405)
1,610

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

8 Staff costs

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries
Social security
Pension costs		 2025
£
123,159
4,427
2,002
129,588		 2024
£
126,655
5,970
1,936
134,561

No employee has employee benefits in excess of £60,000 (2024: nil).

The average number of staff employed during the period was 12 (2024: 17).

The key management personnel of the charity comprise the trustees, the CEO, the operations manager and the café manager. The total employee benefits of the key management personnel of the charity were £21,720 (2024: £33.692).

9 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 (2024: nil).

No members of the management committee received travel and subsistence expenses (2024: nil).

Aggregate donations from related parties were £120 (2024: £120).

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.

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

10 Government grants

The government grants recognised in the accounts were as follows:

Trafford Metropolitan Borough Council
The National Lottery		 2025
£
12,500
59,935
72,435		 2024
£
-
39,935
39,935

There were no unfulfilled conditions and contingencies attaching to the grants at 31 March 2025.

11 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.

12 Fixed assets: tangible assets

Cost
Additions
Depreciation
Charge for the year
Net book value
At 1 April 2024
At 31 March 2024
At 31 March 2025
At 1 April 2024
At 31 March 2025
At 31 March 2025		 Building
£
539,184
-
539,184
64,658
21,567
86,225
452,959
474,526		 Equipment
£
18,847
12,267
31,114
13,612
3,850
17,462
13,652
5,235		 £
558,031
12,267
Total
570,298
78,270
25,417
103,687
466,611
479,761

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Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

13
Debtors
Trade debtors
Provision for doubtful debts
Other debtors
Prepayments
14
Creditors: amounts falling due within one year
Access to growth loan
Trade creditors
Tax and social security
Other creditors and accruals
15
Creditors: amounts falling after more than one year
Access to growth loan		 2025
£
738
(69)
335
2,677
3,681
2025
£
8,889
6,438
6,821
5,848
27,996
2025
£
8,148
8,148		 2024
£
3,544
(200)
1,687
2,363
7,394
2024
£
8,889
6,897
6,289
4,416
26,491
2024
£
16,296
16,296

The access to growth loan is unsecured

17

Doc ID: 6e81e02fa9c8d1dab9fb63b872a4e5430f5baf3a

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

16 Analysis of movements in restricted funds

Balance at 1
April 2024
£
1,713
Airport Community Trust
-
Arnold Clarke - Bonus
-
-
2,434
-
-
1,000
2,367
6,752
-
RHS Dye Garden
2,060
Sainsburys Neighbourly
-
-
Trafford council
-
Total
16,326
National Lottery -Events
24/25
Greater Manchester
Combined Authority Tree
Trail
National Lottery -
Community CEO
John Lewis - Stretford
Shedders
Mcr Green Grant (dye
garden)
A4A Together for Our
Planet
GMCVO - Social Enterprise
Day
Spring Stretfest (public hall)
Co-op Local Community
Fund
GMCVO - Cost Of Living
2024		 Income
£
-
2,100
1,000
500
10,120
13,667
300
-
290
39,935
20,000
-
750
220
12,500
101,382		 Expenditure
£
(1,713)
(2,100)
(1,000)
(500)
(12,554)
(13,667)
(300)
(990)
(2,657)
(37,071)
(7,872)
(2,060)
(750)
(220)
(233)
(83,687)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(12,267)
(12,267)		 Balance at 31
March 2025
£
-
-
-
-
-
-
-
10
-
9,616
12,128
-
-
-
-
21,754

18

Doc ID: 6e81e02fa9c8d1dab9fb63b872a4e5430f5baf3a

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

Note 16 (continued)

Comparative period

Comparative period
Forrester Fund
New Bricks
RHS Dye Garden
THT CEO and core funding
THT Cooking Class Jan 23
TMBC - HAF Easter 23
TMBC - HAF Winter 23
Yorkshire Bank
Total
A4A Together for Our
Planet
Mcr Green Grant (dye
garden)
National Lottery -Events 23
Greater Manchester
Combined Authority Tree
Trail
Nisa - Coronation
Together Energy Fund -
Forever Manchester
John Lewis - Stretford
Shedders
National Lottery -
Community CEO		 Balance at 1
April 2023
£
1,713
3,963
-
-
-
2,285
10,000
-
-
14,153
109
6,380
-
-
-
38,603		 Income
£
-
-
10,000
1,000
2,367
39,935
-
-
500
5,000
-
-
-
1,385
2,500
500
63,187		 Expenditure
£
-
(3,963)
(7,566)
-
-
(35,468)
(10,000)
(373)
(500)
(2,940)
(14,153)
(109)
(6,380)
(1,385)
(2,500)
(500)
(85,837)		 Transfers
£
-
-
-
-
-
-
-
373
-
-
-
-
-
-
-
373		 Balance at
31 March
2024
£
1,713
-
2,434
1,000
2,367
6,752
-
-
-
2,060
-
-
-
-
-
-
16,326

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.

19

Doc ID: 6e81e02fa9c8d1dab9fb63b872a4e5430f5baf3a

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

Note 16 (continued)

Name of restricted fund

A4A Together for our planet

Airport Community Trust Arnold Clarke - Bonus

Co-op Local Community Fund Forrester Fund Greater Manchester Combined Authority Tree Trail

GMCVO - Cost Of Living GMCVO - Social Enterprise Day

John Lewis - Stretford Shedders

Mcr Green Grant (dye garden)

Description, nature and purposes of the fund

For getting investment ready.

To fund a replacement mural in the U5’s play area.

To fund changes to the café.

Working with the youth council to tackle climate change from within the park. A trust fund money towards staffing our community room.

For improving Stretford green spaces and creating a tree trail.

An additional fund to cover increased costs in 2024.

To fund an event to celebrate social enterprise day.

Part of the Men in Sheds Association, aimed at improving wellbeing and reducing loneliness, whilst learning new skills such as woodwork in an informal setting.

To create a permanent community dye garden within Victoria Park. The project will increase local people’s access to quality green

space and provide an opportunity to learn about growing and using plants to dye fabric and more.

National Lottery - CEO role and some core costs. Community CEO National Lottery - Events Funding a calendar of community events in the park.

National Lottery Polytunnel To build a polytunnel in the park.

New Bricks Core costs – Fundraising from crowdfunder. Nisa - Coronation Towards the Coronation event

RHS Dye Garden

Sainsburys Neighbourly Spring Stretfest (public hall)

Trafford council

THT - CEO and core THT cooking class

TMBC - HAF Easter 23

TMBC - HAF Winter 23 Together Energy Fund - Forever Manchester Yorkshire Bank

To build a local network to gain knowledge of growing and using natural dye plants, and ultimately to produce an accessible community Resource.

Towards planting projects and free school meals in the holidays

For Victoria Park's event as part of the first Spring Stretfest.

To purchase a cargo E-bike which can be used for deliveries for the park's catering and sleigh. To cover CEO salary and core costs. Provide and deliver a cooking class.

Funding from Trafford council/central government to provide free school meal children with free meals and activity during school holidays

Towards electricity bills.

To install benches within the park.

20

Doc ID: 6e81e02fa9c8d1dab9fb63b872a4e5430f5baf3a

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

17 Analysis of movement in unrestricted funds

Comparative period
Designated property assets
fund - The Community
Building
Other small designated
funds
General fund
Designated fund - Youth
Council
Designated fund - In
Memorium planting
Designated fund - Shelly
General fund
Designated property assets
fund - The Community
Building		 Balance at 1
April 2024
£
(19,227)
478,760
1,000
2,000
25
462,558
Balance at
1 April 2023
£
(16,212)
504,506
-
488,294
 Income
£
186,267
-
-
-
-
186,267
Income
£
171,212
-
3,025
174,237		 Expenditure
£
(219,458)
-
(1,000)
(2,000)
(25)
(222,483)
Expenditure
£
(199,973)
-
-
(199,973)		 Transfers
£
38,068
(25,801)
-
-
-
12,267
Transfers
£
25,746
(25,746)
-
-		 As at 31
March 2025
£
(14,350)
452,959
-
-
-
438,609
As at 31
March 2024
£
(19,227)
478,760
3,025
462,558

21

Doc ID: 6e81e02fa9c8d1dab9fb63b872a4e5430f5baf3a

Friends of Victoria Park, Stretford

Notes to the accounts for the year ended 31 March 2025 (continued)

Note 17 (continued) 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 The fixed assets are essential for the future operation of the charity and so are fund - the Community excluded from free reserves. Building In Memorium planting For plants from a park user Shelly Designated for Café alterations Youth Council For spending by the youth council

Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total
Comparative period
Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total		 General
fund
£
466,611
(472,813)
(8,148)
(14,350)
General
fund
£
479,761
(482,692)
(16,296)
(19,227)		 Designated
funds
£
-
452,959
-
452,959
Designated
funds
£
-
481,785
-
481,785		 Restricted
funds
£
-
21,754
-
21,754
Restricted
funds
£
-
16,326
-
16,326		 Total 2025
£
466,611
1,900
(8,148)
460,363
Total 2024
£
479,761
15,419
(16,296)
478,884

19 Financial instruments

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

Loan payable falling due within one year
Loan payable falling due in more than one year but in less
than five years		 2025
£
8,889
8,148
17,037		 2024
£
8,889
16,296
25,185

The loan is an unsecured fixed interest rate loan.

22

Doc ID: 6e81e02fa9c8d1dab9fb63b872a4e5430f5baf3a