VICTORY FAMILY CENTRE LONDON
To seek the advancement of the christian religion;to provide care,help & relief to any person wherever suffering, irrespective of age generally, denomination or creed, from poverty, unemployment or sickness.
Objects
TO SEEK THE ADVANCEMENT OF THE CHRISTIAN RELIGION AND TO PROVIDE CARE, HELP AND RELIEF TO ANY PERSON WHEREVER SUFFERING, IRRESPECTIVE OF AGE GENERALLY, DENOMINATION OR CREED, FROM POVERTY, UNEMPLOYMENT OR SICKNESS.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased significantly to £1,078,785, driven largely by a £500,000 revaluation of tangible fixed assets rather than operational surplus. The charity reported a net operational deficit of £10,582 but maintains adequate resources for the foreseeable future with £96,681 in cash at bank.
What the accounts disclose
“During the year, the Trustees received remuneration of £24,880 (2023: £21,570).” — page 15
“VFC Singapore is the head church of the charity. During the year, the charity received a donation of £56,575 from VFC Singapore. The amount will be utilised towards charitable expenditure as and when required.” — page 18
“This year, £13,517 was reimbursed to Pastor Roy Varghese for Easter campus expenses that he initially paid on behalf of the charity.” — page 18
“VFC Singapore is the head church of the charity. During the year, the charity received a donation of £56,575 from VFC Singapore. The amount will be utilised towards charitable expenditure as and when required.” — page 18
“This year, £13,517 was reimbursed to Pastor Roy Varghese for Easter campus expenses that he initially paid on behalf of the charity.” — page 18
Policies the charity declares
- Complaints handling
- Conflicting interests
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
- Volunteer management
Trustees
- DORJEY TAMANGchair
- Roy Kurian Varghese
- Sow Wee Kiat
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £197k | £208k |
| 31/12/2023 | £131k | £103k |
| 31/12/2022 | £161k | £204k |
| 31/12/2021 | £176k | £149k |
| 31/12/2020 | £133k | £163k |
Common questions
Is VICTORY FAMILY CENTRE LONDON financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased significantly to £1,078,785, driven largely by a £500,000 revaluation of tangible fixed assets rather than operational surplus. The charity reported a net operational deficit of £10,582 but maintains adequate resources for the foreseeable future with £96,681 in cash at bank. Its FY2024 accounts were independently examined.