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:
- We are still operating after a really challenging time
- The building is operating and the community room booking process is working well
- We have helped numerous families in Stretford attend low cost activities
- We have operated our Pay it Forward wall helping people access free food and drink since we opened
- We have partnered with the foodbank, and are able to refer onwards.
- We have successfully partnered with Friends of Stretford Public Hall on a number of projects
- We are working with other local organisations to make sure we are doing the best for our community.
- We have delivered low cost events throughout the year
- We have maintained the new building and finished off further building works
- We continue to make park improvements
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:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles in the Charities SORP
- Make judgements and estimates that are reasonable and prudent
- State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
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Friends of Victoria Park, Stretford Trustees’ annual report for the year ended 31 March 2025
- Prepare the financial statements on the going concern basis unless it is inappropriate to
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:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **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:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
2. 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:
- Expenditure on charitable activities includes the costs of maintenance of the park facilities and building, activities and ancilliary café activity undertaken to further the purposes of the charity.
- 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.
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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_|
14
Doc ID: 6e81e02fa9c8d1dab9fb63b872a4e5430f5baf3a
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.
15
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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_|
16
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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
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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
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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.
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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.
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## 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_|
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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
- 18 Analysis of net assets between funds
|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
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