2022-12-31-accounts - Victoria Park Fellowship Trust

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Charity number: 506576

VICTORIA PARK FELLOWSHIP

Trustees' report and financial statements

Year Ended 31 December 2022

Accounts Prepared & Examined by:-

David R S Welch FCA, DChA Chartered Accountant & Independent Examiner

3 Alvington Grove Hazel Grove, Stockport Cheshire, SK7 5LS

VICTORIA PARK FELLOWSHIP

Trustees' report and financial statements

Year Ended 31 December 2022

Contents
	Page
Legal and administrative information	1
Trustees report	2-3
Statement of financial activities	4
Income and expenditure account	5
Balance sheet	6
Notes to the financial statements	7 - 10
Independent Accountants Report	11

VICTORIA PARK FELLOWSHIP

Trustees' report and financial statements

Year Ended 31 December 2022

LEGAL AND ADMINISTRATIVE INFORMATION

Status of VPF & Incorporated by: Trust Deed dated 14th December 1973. Trustees Malcolm Peter Brook Andrew Peter March Omotayo Otokiti Matthew Armstrong Administrators Annie Clarke/Andrew Peter March from July 2022 Charity number 506576

Registered office & The Chapel, Business Address 31A, Daisy Bank Road Victoria Park Manchester M14 5QP

Chartered Accountant & David R S Welch FCA, DChA Independent Examiner 3 Alvington Grove Hazel Grove Stockport Cheshire SK7 5LS

Bankers Barclays Bank

Victoria Park Fellowship Trustees Report Year Ended 31 December 2022

Legal Status

• Victoria Park Fellowship is constituted by Deed of Trust and is a registered Charity No 506576

Charitable Objects:-

The object of the charity is the advancement of the Christian Faith or the relief of poverty including : A) evangelism and teaching Christian doctrine;
B) assisting missionaries;
E) providing equipment and other means for these activities.
This report, and the accompanying statement of financial activities, represents only a part of the work
which is actually accomplished by the Victoria Park Fellowship. Much is done at the expense of the time, energies and financial resources of individuals which is unrecorded and unsung. The following is submitted in order to give account to the authorities which require it. The true worth of all our efforts will only be told when account is given to God. It is therefore with humility that the past year is reviewed. The future is anticipated trusting God for guidance and the ability to perform His will. Thanks are given for every man and woman who has participated in the work.
The Chapel, 31A Daisy Bank Road, Victoria Park , Manchester M14 5GP.
The Trustees are Dr M P Brook, Mr A P March, Mr Omotayo Otokiti., and Matthew Armstrong

Administrative structure:

The Charity operates from the Chapel at 31A, Daisy Bank Road Victoria Park M14 5GP, and is staffed by volunteers from the Victoria Park Fellowship.
The Structure of the Trust is very simple: The Trustees retain overall management of all Trust affairs but delegate day to day administration to volunteer workers, but Trustees remain responsible for the particular areas of property management and financial administration.
Volunteer workers are responsible for organization and running the various ministries and relate to the elders of the congregation, and they in turn to the Trustees.

Regular Activities of the Church:

• Sunday Morning Worship Meetings.

We were able to meet in person in the chapel for these meetings. those who could not attend personally were able to join the meetings on Zoom.

Children’s and Youth Sunday morning meetings took place in the chapel but were completely separate from the main meetings . In the early part of the year the children’s and Youth meetings were held in the renovated basement area and games were done outside in the car park.
Sunday evening meeting took place on Zoom and were usually Bible Studies , although sometimes they were prayer meetings.
On Thursday evenings the church met to pray i n person and on Zoom.
A special UK prayer meeting was started on alternate Friday evenings . This meeting was conducted on Zoom.
A 2 monthly Saturday morning men’s meeting was held during the year in the chapel.

Victoria Park Fellowship Trustees Report Year Ended 31 December 2022

Regular Activities of the Church (continued):-

On Wednesday mornings the Church ran a Bible and English bible study which was in person in the chapel but was also on Zoom for English language learners and for local church members.
The church hosted and supported the work of Friends International . The church contributed to the prayer and financial support of Friends International. Church members helped in the Zoom virtual café meetings and Bible studies.
The church was very involved in continuing the work of running a foodbank. This task was shared with 2 other local churches. The foodbank itself was hosted in a church 3 minutes’ walk away in Richmond Grove and staffed primarily by VPF members.
The work continued to change and adapt to the lifting of lockdown and the increased demand due to the rise in the cost of living. Although some clients did attend the foodbank most of the food was distributed by volunteers who used their own cars to transport the food parcels to clients

Other events

The Church enjoyed a weekend away in Quinta conference centre in Shropshire in November .
The church put on two 5-day prayer sessions which were well attended. These meetings were both in person and on Zoom.
During the Christmas period the Fellowship partnered with the Nazarene Church and the Prayer Command Church to put on a nativity play and Carol Service. This was done in stages and moved from one church to the next. .
The church did a special bible reading service on Good Friday.
The church has supported and continued taking a lead role, along with several local churches and Mosques, the Longsight Faith , Community Association .

Other activities – Supporting Missionaries and Related Activities Overseas

The church has continued to support in prayer and finance Christian workers in Tanzania, Ghana, Asia, Bolivia and Northern Canada.

Risk Assessment:

Child Protection procedures have been reviewed and updated.
Church insurance policy has been reviewed and updated
Protection of vulnerable adults policy has been reviewed and updated.
The gas appliances have been serviced and checked
Fire protection appliances have been serviced and checked.

This report was prepared on behalf of the Trustees by

Malcolm Brook

28/06/2023

VICTORIA PARK FELLOWSHIP Trustees' report and financial statements Year Ended 31 December 2022

STATEMENT OF FINANCIAL ACTIVITIES

STATEMENT OF FINANCIAL ACTIVITIES
* includes designated funds	Unrestricted*	Restricted	2022	2021
	funds	funds	Total	Total
	£	£	£	£
Incoming resources
Donations (Note 2)	27,134	14,625	41,759	38,578
*Activities in furtherance*
*of the charity's objects (Note 3)*	2,813	1,861	4,674	6,530
Income from 33 Daisybank Rd.	8,772	40	8,812	8,811
Bank Interest Received	12	0	12	3
Other Income	0	0	0	0
Revaluation of the Chapel	0	0	0	0
Total incoming resources	£38,731	£16,526	£55,257	£53,922
Charitable expenditure	Unrestricted*	Restricted	2022	2022
	funds	funds	Total	Total
*Cost of activities in furtherance of*	£	£	£	£
*the charity's objects:*
Mission, Ministry and Relief	9,023	16,828	25,851	30,952
Chapel Costs	3,380	0	3,380	6,487
Running Costs - 33 Daisybank Rd.	5,493	0	5,493	5,677
Other Charitable Activities	0	0	0	0
Total Costs of Activities	17,896	16,828	34,724	43,116
Support and Admin costs (Note 4)	2,306	0	2,306	2,026
Governance (Note 5)	1,250	0	1,250	1,250
Depreciation of Assets (Note 6)	10,959	0	10,959	11,011
Total charitable expenditure	£32,411	£16,828	£49,239	£57,403
Net movement in funds before transfers	£6,320	-£302	£6,018	- £3,481
Transfers between funds	0	0	0	0
Net movement in funds after transfers	£6,320	-£302	£6,018	- £3,481
Surplus on Revaluation of Fixed Assets	0	0	0	0
Total Surplus (Deficit) for the year	£6,320	-£302	£6,018	- £3,481
Total funds brought forward	£490,393	£3,805	£494,198	497,679
Total funds carried forward	£496,713	£3,503	£500,216	£494,198

VICTORIA PARK FELLOWSHIP Trustees' report and financial statements Year Ended 31 December 2022

INCOME AND EXPENDITURE ACCOUNT

Operating Surplus on Main Objectives of
Church Ministry & Activities
Income{See Notes 2 & 3}
Total expenditure{See Notes 4 & 5}
Depreciation of Assets{See Note 6}
Operating surplus / (deficit)
Net Income from Residents
Income for 33 Daisybank Rd
Expenditure for 33 Daisybank Rd.
Net Income (Deficit) from Residents
Investment Income
Bank Interest Received
Other Income
Net retained surplus(deficit) for the financial year

Surplus on Revaluation of Fixed Assets

Total retained Surplus for the financial year

2022
2021
£
£
46,433
45,107
(32,787)
(40,714)
(10,959)
(11,011)
_
_
£2,687
-£6,618
_
_
8,812
8,811
(5,493)
(5,677)
_
_
£3,319
£3,134
_
_
£12
£3
_
_
£ 0
£ 0
_
_
£6,018
- £3,481
=======
========
£
0
£ 0
_
_
£6,018
- £3,481
=======
========

All activities relate to continuing operations .

VICTORIA PARK FELLOWSHIP

Trustees' report and financial statements Year Ended 31 December 2022

Balance Sheet

As at 31 December 2022

Notes Fixed assets Tangible assets 6 Current assets Stocks Debtors 7 Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Net assets Represented by:- Trustee Funds Unrestricted funds 9 Restricted funds 10 Movement in Trustee Funds Total Trustee Funds brought forward Surplus / (Deficit) for year Total Trustee Funds carried forward	2022 £ £ 436,790 0 5,179 60,003 _ 65,182 ( 1,808) _ 63,374 _ £500,216 _ 496,713 3,503 _ £500,216 _ 494,198 £6,018 _ £500,216 _	2021 £ £ 447,749 0 3,707 44,327 _ 48,034 ( 1,585) _ 46,449 _ £ 494,198 _ 490,393 3,805 _ £ 494,198 _ 497,679 -3,481 _ £494,198 _

The financial statements were approved by the Trustees on 24th July 2023 and signed on its behalf by

..................................... Dr. Malcolm Peter Brook

VICTORIA PARK FELLOWSHIP Trustees' report and financial statements Year Ended 31 December 2022

Notes to the financial statements

1. Accounting policies

1.1. Accounting convention

The financial statements are prepared under the historical cost convention and follow the recommendations in 'Accounting and Reporting by Charities: Statement of Recommended Practice issued in 2005, and the Charities Act 2006.

The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cash flow statement because it is a small charity.

1.2. Incoming resources

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.

Income from investments is included in the year in which it is receivable.

1.3. Resources expended

Resources expended are recognized in the year in which they are incurred.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.

Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

1.4. Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Freehold Land & Buildings	-	2 % on Revaluation of Chapel & Cost of
		Residential Property @ 33 Daisybank Road.
		Both properties will be depreciated on a straight line basis.
Plant and machinery	-	25% reducing balance
Fixtures, fittings
and equipment	-	25% reducing balance

Items below £1,000 are written off with Repairs and Maintenance expenditure. Only items above this amount are capitalized.

1.5. Stock

Stock is valued at the lower of cost and net realizable value.

VICTORIA PARK FELLOWSHIP Trustees' report and financial statements Year Ended 31 December 2022

Notes to the financial statements {continued}

2.	Donations
		Unrestricted	Restricted
		funds	funds	2022	2021
		£	£	£	£
	Gift Aided Offerings and Donations	7,323	11,075	18,398	26,117
	Non- Gift Aided Offerings and Donations	19,811	3,550	23,361	12,461
	Total Offerings & Donations Received	£ 27,134	£ 14,625	£41,759	£ 38,578
3.	Activities in furtherance of
	the charity's objects
		Unrestricted	Restricted
		funds	funds	2022	2021
		£	£	£	£
	Gift Aid	2,813	1,861	4,674	6,529
	GASDS –re 2021	0	0	0	0
	Income from Use of Chapel	0	0	0	0
	Total Gift Aid Received	£ 2,813	£1,861	£ 4,674	£6,529
4.	Support and Administration costs
	{_Unrestricted_Funds}
				2022	2021
				£	£
	Repairs and maintenance			0	0
	Printing, postage and stationery			1,235	980
	Telephone & Website			533	538
	Other fees			0	0
	General & Office Expenses			140	161
	Subscription & Licenses			339	322
	Bank Interest and charges			59	25
				£2,306	£ 2,026
5.	Governance
	{_Unrestricted_Funds}			2022	2021
				£	£
	Accountancy & Independent Examination			£ 1,250	£ 1,250

VICTORIA PARK FELLOWSHIP

Trustees' report and financial statements Year Ended 31 December 2022

Notes to the financial statements {continued}

6. TANGIBLE FIXED ASSETS COST Balance at 1st January 2022 Additions in Year Revaluation of Fixed Assets Disposals in Year Balance at 31st December 2022 DEPRECIATION Balance at 1stJanuary 2022 Charge for Year Charge on Revaluation of Fixed Assets Eliminated on Disposals in Year Balance at 31st December 2022 NET BOOK VALUES At 31st December 2022 At 31st December 2021 Valuation of Land & Buildings is split as follows:- Land & Buildings – 33 Daisy Bank Road (Cost £283,700) – December 2022 Land & Buildings –Chapel (Cost £128,010) Chapel Revaluation £215,000 {In 2021} Chapel Additions in 2022/ 2021 £110,000 Per Assets summary.	Land & Plant & Fixtures, Worship Total Buildings Machinery Fittings & & Library Freehold Equipment Books
	£ £ £ £ £ 564,293 23,259 33,429 2,974 623,955 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
	564,293 23,259 33,429 2,974 623,955
	123,107 22,255 27,900 2,944 176,206 9,974 151 829 5 10,959 0 0 0 0 0 0 0 0 0 0
	133,081 22,406 28,729 2,949 187,165
	£431,212 £853 £4,700 £25 £436,790
	£441,186 £1,004 £5,529 £30 £447,749
	NBV’s NBV’s NBV’s NBV’s 31.12.22 31.12.21 31.12.20 31.12.19 £ £ £ £ 233,412 239,086 244,760 250,434 197,800 202,100 206,400 210,700 0 0 0 0 0 0 0 0 £431,212 £441,186 £451,160 £461,134

Depreciation on Land & Buildings has been charged at 2% on Cost for 33 Daisy Bank Road = £5,674, and 2% on the	Depreciation on Land & Buildings has been charged at 2% on Cost for 33 Daisy Bank Road = £5,674, and 2% on the	Depreciation on Land & Buildings has been charged at 2% on Cost for 33 Daisy Bank Road = £5,674, and 2% on the
Revaluation of the Chapel = £4,300, so £9,974. Depreciation of all other fixed assets is at 25% on NBV, totaling £985.
7.	Debtors 2022	2021
	£	£
	Gift Aid 2,170	1,167
	Prepayments and accrued income 3,009	2,540
	Other Debtor 0	0
	_	_
	5,179	3,707
	_	_
8.	Creditors: amounts falling due
	within one year 2022	2021
	£	£
	Accruals and deferred income 1,808	1,585
	_	_
	1,808 _	1,585 _

VICTORIA PARK FELLOWSHIP Trustees' report and financial statements Year Ended 31 December 2022

Notes to the financial statements {continued}

9. Unrestricted Funds General Fund Designated £ 10. Restricted fund Chapel C2C/OtherUK & InternationalMinistries	2022 £ 496,713 0 496,713 2022 £ 0 3,503 £ 3,503 _	2021 £ 490,393 0 £ 490,393 2021 £ 0 3,805 £ 3,805 ___

Chapel funds

Are set aside to meet costs to re-develop the chapel which is now the normal place of worship for Victoria Park Fellowship.

C2C & Other UK & International Ministries

A r e monies set aside for children’s’ work, which encourages children from VCF to work with other children abroad, or within the community.

VICTORIA PARK FELLOWSHIP Year Ended 31 December 2022

INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF VICTORIA PARK FELLOWSHIP .

I report on the accounts of the Church Fellowship for the Year Ended 31st December 2022, which are set out on pages 2 to 10.

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. It is my responsibility to:-

examine the accounts under section145 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 report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 give 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.

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.

DAVID R S WELCH FCA, DChA

CHARTERED ACCOUNTANT & INDEPENDENT EXAMINER

3 Alvington Grove, Hazel Grove Stockport, Cheshire SK7 5LS Date:- 24th July 2023