Charfty number: 506576 VICTORIA PARK FELLOWSHIP Trustees, report and financial statements Year Ended 31 December 2024 Accounts Prepared & Examined by:_ David R S Welch FCA, DChA Chartered Accountant & Independent Examiner 3 Alvington Grove Hazel Grove, Stockport Cheshire, SK7 5LS ICAEW
VICTORIA PARK FELLOWSHIP Trustees. report and financial statements Year Ended 31 December 2024 Contents Page Legal and administrative information Trustees report Statement of financial activities Income and expenditure account Balance sheet Notes to the financial statements 7-10 Independent Accountants Report li
VICTORIA PARK FELLOWSHIP Trustees, report and financial ststements Year Ended 31 December 2024 LEGAL AND ADMINisfRATIVE INFORMATION Status of VPF & Incorporated by: Trust Deed dated 14th December 1973. Trustees Malcolm Peter Brook Andrew Peter March Omotayo Otokltl Matthew Armstrong Administrators Andrew Peter March Charity number 506576 Reglstered office & Business Address The Chapel. 31A, Daisy Bank Road Victoria Park Manchester M145QP Chartered Accountant & Independent Examlner David R S Welth FCA, DChA 3 Alvington Grove Hazel Grove Stockport Cheshire SK7 5LS Bankers Barclays Bank
Vlctorla Park Fellowshlp Trustees Report Year Ended 31 December 2024 Legal status Victoria Park Fellowship is constituted by Deed of Trust and is a registered Charity No 506576 Charltable Objects: The ob ect of the charl is the advancement of the Christian Faith or the relief of poverty including . IA) evangelism and teaching Christian doctrine,. IBI assisting missionaries. IC) helping itinerant preachers who give much time to the study and exposition of the bible; {Dl printing and distribution of the bible and Christian literature; IE) providing equipment and other means for these activitie5. Thls report, and the accompanylng statement of financlal actlvftles, represents only a part of the work whlch is actually accompllshed by the Vlrtorla Park Fellowshlp. Much is done at the expense of the time. energies and financial resources of individuals which is unrecorded and unsung. The following 15 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 f uture 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 re8lStered address of Victoria Park Fellowship is The Chapel, 31A Daisy Bank Road, Victorla Park , Manchester M14 5GP. The Trustees are Dr M P Brook, Mr A P March, Mr Omotayo Otokiti., and Matthew Armstrong Admlnlstratlve 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 slmple: 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 mana8ement and financial administration. Volunteer workers are responsible for organization and running the various mlnistries and relate to the elders of the congregation, and they in turn to the Trustees. Regular Artlvltles of the Church: Sunday mornlng Worshlp Meetln8S. Although the morning services continue to be accesslble on zoom, these meetings have been in person at the Chapel. Chlldren and Youth attended the main meetlng untll 11.20 when they left the to go to their own meetings in the church basement rooms. Fellowship 8lble Studles:. The church used the Bible Society DVDS to study the book of Romans. A further course using DVDS was done on Phlllpplans. The studies were done as 3 different groups running simultaneously. One ofthe groups met on a Sunday evening, one on a Tuesday evening and one on Thursday mornin8. A 'Freedom in Chrlst ' course was also undertaken by a group of young believers. The church continued to meet to pray on Thursday evenings. These meetings were on Zoom as well which allowed people to contribute to the prayer while at hoffle. A UK prayer meetin8 continued to meet on Zoom on alternate Friday evenings. A men's meeting was held at the chapel on Saturday mornings at 6 - 8 intervals. On Wednesday mornings the Church ran a Bible and English bible study on Zoom and in person at the chapel for English language learners and for local church members. The church supported the work of Friends International by arranging walks in the Peak District and contributed to the prayer and financial support of Friends International. Church members helped in the café meetings and Bible studies. The Church continued in partnership with two local churches in the work of providing and running a foodbank which is hosted at a Church three minutes, walk away in Richmond Grove and staffed primarily by VPF members. The overall management was taken over by Hayforth which allowed Sylvia to reduce her hours and continue in her other commitments
Victoria Park Fellowshlp Trustees Report Icontlnued) Year Ended 31 December 2024 Other events: The Church enjoyed a weekend away at Quinta in Shropshire in October. The church put on two 5-day prayer sessions which were well attended. During the Christmas period the Fellowship hosted a Christmas afternoon. Although some Carols were sung this was an informal time with Christmas food and craft for the children. The church did a bible reading meeting 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 this included , discussion groups, Other artivities 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. Protection plans for vulnerable adults have been reviewed and a person has been appointed as the protection officer. The buildin5 third party and insurance has been reviewed and renewed. The gas appliances have been checked and serviced. Firefighting equipment has been maintained and renewed. The basement fire protertion system has been checked. This report was prepared on behalf of the Trustees by Malcolm P Brook, Dated:. 15 July 2025.
vicroRIA PARK FELLOWSHIP Trustees, report and financlal statements Year Ended 31 December 2024 STATEMENT OF FINANCIAL AcfiviTIES includes designotedfunds Unwtrlcted• Re$trlctsd 2024 2023 fvnds fvnd5 Total Totsl Incomlng resources Donations INote 21 Artivitie5 in fvrtheronee of the charity's objert5 (Note 3) Income from 33 Daisybank Rd. Bank Interest Received Other Income Revaluation of the Chapel Total incomlng resources 11,400 18,415 29,815 31,779 2,757 8,631 193 2,039 230 4,796 8,861 193 4,882 8,846 193 22,981 20,684 43,665 45,700 Charltable expenditure Unrestrkted• Restrlcted 2024 2024 fvnd$ funds Total Total Cost of artivitle5 infvrtheronce OA the chorlty'5 objects.. Mission, Ministry and Relief Chapel Costs Running Costs - 33 Daisy Bank Rd. Other Charitable Activities -Pastoral Training Total Costs of Artivitles 9,541 5,208 6,259 3,375 24,383 17,379 26,920 5.208 6,284 3,375 41,787 25,414 6,177 6,495 2,000 40,086 25 17,404 Support and Admin costs (Note 41 Governance (Note 51 Depreciation of Assets (Note 61 3,261 1.250 11.208 3,261 1.250 11,208 2,969 1,250 11,090 Total charitable expenditure £40,102 £ 17.404 £57.506 £53.583 Net movement In funds before transfers Transfers between funds Net movement in funds after transfers Surplus on Revaluation of Fixed Assets Total Surplus (Deficit) for the year £ 17,121 £3,280 £-13,841 £-7,883 £ 17,121 £3.280 £-13,841 £-7.883 Total funds brought forward £ 483,531 £8,802 £492,333 £51)0,216 Total fund5 carrled forward £466,410 £12,082 £478,492 £492,333
VICTORIA PARK FELLOWSHIP Trustees, report and financial statements Year Ended 31 December 2024 INCOME AND EXPENDITURE ACCOUNT 2024 2023 Operatin8 Surplus on Maln Objertlves of Church Ministry & Activities Income {See Notes 2 & 3} 34,611 36.661 Total expenditure {See Notes 4 & 5} Depreciation of Assets {See Note 6} 140,0141 111,2081 135,9981 111,0901 Operating surplus I Ideficit) £-16,611 £-IOA27 Net Income from Residents Income for 33 Daisybank Rd 8,861 8,846 Expenditure for 33 Daisybank Rd. 16,2841 16,495} Net Income (Deflcitl from Residents £2,577 £2,351 Investment Income Bank Interest Received £193 193 Other Income Net retalned surplus Ideflclt) for the financial year £-13,841 £-7.883 Surplus on Revaluation of Fixed Assets Total retained Surplu5 Ideficitl for the flnanclal year £-13,841 É-783 All activities relote to continuAng operotions.
vicroRIA PARK FELLOWSHIP Tru5tÈes' report and flnanclal statements Year Ended 31 December 2024 Balance Sheet A5 at 31 December 2024 2024 2023 Notes Flxed assets Tangible assets Current asset5 418,255 427,564 Stocks Debtors Cash at bank and in hand 5,449 56,725 4,930 61,968 62,174 66,898 cdItOrs. amount5 lalllng due wlthln oneyear {1,9371 12,129) Net current assets 60,237 64,769 Net assets £478,492 £ 492,333 Represented by:. Trustee Funds Unrestricted funds Restricted funds 466,410 12,082 483,531 8,802 io £478,492 £492,333 Movement In Trustee Funds Total Tru5tÈe Funds brought forward Surplus I (Deficit) for year £ 492,333 E-13,841 £500,216 £-7,883 Total Trustee Funds carrled forward £478,492 £ 492,333 The financial statements were approved by the Trustees on 10th October 2025 and signed on its behalf by Dr. Malcolm Peter Brook
VICTORIA PARK FELLOWSHIP Trustees, report and flnanclal statements Year Ended 31 December 2024 Notes to the flnanclal statements Accountln8 pollcles Accountlng conventlon The financial statement5 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 advanta8e of the exemption in FRSI from the requirement to produce a cash flow statement because it is a small charity. Incomln8 resources Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gift5 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. Resources expended Resources expended are recognized in the year In which they are incurred. Support costs are those costs incurred dlrectly 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. Tanglble flxed assets and depreclatlon 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 stral8ht line basis. Plant and machinery Fixtures, flttin8S and equipment 25% reducing balance 25% reducing balance Items below £l,O(K) are written off with Repairs and Maintenance expenditure. Only items obove this omount are copitolized. Stock Stock is valued at the lower of cost and net realizable value.
vicroRIA PARK FELLOWSHIP Trustees, report and flnancial statements Year Ended 31 December 2024 Notes to the flnancbal statements {continued} Donatlons Unrestricted funds Restricted funds 2024 2023 Gift Aided Offerings and Donations 6,793 12,392 19,185 19.524 Non- Gift Aided Offerings and Donations 12,255 4.607 6.023 10,630 10,630 Total Offerfngs & Donations Received £ 11.400 £18.415 £29,815 £ 31,779 Artivitie5 in furtherance of the charity's objects Unrestrlrted Restricted funds funds 2024 2023 Gift Aid 1,698 3,098 4,796 4,881 Income from Use of Chapel Total Gift Aid Received £ 1.698 £ 3.098 £ 4.796 £4,881 Support and Administration costs {Unrestricted Funds} 2024 2023 Repairs and maintenance Printing. post, photocopier lease and stationery Telephone & Website Other fees General & Office Expenses Subscription & Licenses Bank Interest and charges 1,835 1.095 1.649 565 694 224 107 £ 3.261 61 £2,969 Governance {Unre5tricted Funds} 2024 2023 Accountancy & Independent Examination £ 1,250 £ 1,250
VICTORIA PARK FELLOWSHIP Trustees, report and financial statements Year Ended 31 December 2024 Notes to the financlal statements {¢ontlnued} 6. TANGIBLE FIXED ASSErs Land & Plant & 8uildings Machinery Freehold Fixtures, Worship Fittings & & Library Equipment Book5 Total cosr Balance at 1st January 2024 Additions in Year Revaluation of Fixed Assets Disposals in Year Balance at 31 December 2024 564,293 24,323 1,899 34.117 3,086 62519 1.899 564.293 26222 34.117 3,086 627.718 DEPRECIATION Balance at I"January 2024 Charge for Year Charge on Revaluation of Fixed Assets Eliminated on Disposals in Year Balance at 31 December 2024 143.055 9,974 22.694 529 29,537 2,969 18 198255 11.Z08 153.029 23.223 30,224 2.987 £ 209,463 BOOK VALUES At 31 December 2024 £ 411,264 £ 2,999 £ 3,893 £4,580 £ 99 £ 418,255 £117 £427,564 At 31" December 2023 £421,238 £1,629 Valuation of land & Bulldings is split as follow5:. NBVS 31.12.24 NBVS 31.12.23 NBWS 31.12.22 NBWS 31.12.21 Land & 8uildings-33 Daiyi Bank Road {Cost £283.700)- December 2024 Land & Buildings- Chapel (Cost £128,010) Chapel Revaluation £215,000 {In 2023} Chapel Additions in 202412023 £110.000 Per Assets summary. 222,064 189.200 227,738 193,5 233,412 197,800 239,086 202,100 £411,264 £421.238 £431,212 £441,186 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, totallng £1.234. Debtor5 2024 2023 GiftAid Prepayments and accrued income Other Debtor 2,113 3,336 2,235 2.695 5A49 4,930 Credltors: amounts falling due wlthin one year 2024 2023 Accruals and deferred income 1.937 2,129 1,937 2.129
vicroRIA PARK FELLOWSHIP Trustees, report and financlal statements Year Ended 31 December 2024 Notes to the finan¢lal statements {continued} Unrestrlcted Funds 2024 2023 General & Designated Fund 466NIO 483,531 £ 466,410 £ 483.531 io. Restrlrted funds 2024 2023 C2C & Other UK & International Mlnistries £ 12,082 £ 8.80Z Monies set aside for children'5, work, which encourages children from VCF to work with other children abroad, or within the community.
VICtORIA PARK FELLOWSHIP Year Ended 31 December 2024 INDEPENDETrrr EXAMINERS REPORT TO THE TRUSTEES OF vicfoRIA PARK FELLOWSHIP. I report on the accounts of the Church Fellowship for the Year Ended 31st December 2024. which are set out on pages 2 to 10. Respertlve responslbllltles of trustees and examlner 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 Ithe 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 lunder section 14515llbl of the Charities Act), and to state whether particular matters have come to my attention 8asis of Independent examlnerfs report My examination was carried out in accordance with the General Dirertions 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 disclosure5 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 fairf view and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with my examination, no matter ha5 come to my attention.. 111 which gives me reasonable cause to believe that in any material respert 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 121 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 FC& DChA CHARTERED AccouNfANf & INDEPENDENf EXAMINER 3 Alvington Grove, Hazel Grove Stockport, Cheshire SK7 5LS Date:_ 10th October 2025