VICTORIA PARK BAPTIST CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £41,843 for the year ended 31 March 2024, recovering from a deficit in the previous year. General reserves increased to £26,166, and the trustees consider this sufficient to meet future operating costs and creditor payments. The charity holds significant fixed assets, primarily the Manse valued at approximately £1.41 million, which are held as endowment property to match long-term loans.
What the accounts disclose
“The target level of cash reserves is £16,000, after allowing for payment of creditors when they fall due. This is intended to provide a buffer for three months’ operating costs” — page 10
Trustees
- Archie Catchpole
- Becky Gbande
- JOHN WALTER MORRIS BA HONS
- Mobolaji Yoloye
- Mrs Olatokunbo Atanda
- Neville Reid
- Pauline Facey
- Wonu Yoloye
- Wuraola Atanda
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £119k | £99k |
| 31/03/2024 | £112k | £70k |
| 31/03/2023 | £103k | £342k |
| 31/03/2022 | £109k | £243k |
| 31/03/2021 | £79k | £30k |
Common questions
Is VICTORIA PARK BAPTIST CHURCH financially healthy?
The accounts state that the charity reported a net surplus of £41,843 for the year ended 31 March 2024, recovering from a deficit in the previous year. General reserves increased to £26,166, and the trustees consider this sufficient to meet future operating costs and creditor payments. The charity holds significant fixed assets, primarily the Manse valued at approximately £1.41 million, which are held as endowment property to match long-term loans. Its FY2024 accounts were independently examined.
Who funds VICTORIA PARK BAPTIST CHURCH?
Funders whose own accounts filings name VICTORIA PARK BAPTIST CHURCH as a grant recipient include WOODLANDS GROUP OF CHURCHES.
Known funders
| Funder | Year | Amount |
|---|---|---|
| WOODLANDS GROUP OF CHURCHES | FY2026 | £3k |