The trustees (who are also directors of the Charity for the purposes of the Compnaies Act) present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".
The aims and objectives of the Victory Family Centre London are:
• To provide care, help, and relief to any person in need — regardless of age, denomination, or creed — suffering
from poverty, unemployment, or sickness.
• To offer community support and help enhance the social and spiritual life of individuals who may require such
assistance.
Since its establishment in 2001, the Victory Family Centre London has continued to provide support and services to Londoners and beyond.
Our core mission is to promote spiritual, emotional, and psychological development among our members and the wider community.
These goals are achieved through a range of activities, including:
• Talks, seminars, and conferences
• Classes and counselling
• Church meetings and community outreach
• Financial and practical assistance for those in need
• Educational and youth-focused programmes, including movie nights and social events
Management Committee Report
Watch Night Service
The annual Watch Night Service was held on 31 December 2024 at The International Gospel Church, Burnt Oak, to welcome the New Year 2025.
It was a joyful celebration attended by approximately 150 people, featuring prayers of thanksgiving, praise, and worship through singing and dancing.
Rev. Dorjey Tamang delivered an inspiring message that prepared the congregation for the year ahead.
Theme of the Year – “Year of Surrender”
Throughout the year, Rev. Tamang continued to inspire and equip the congregation with teachings focused on spiritual empowerment.
The year began with a 21-Day Solemn Assembly, engaging the entire church in prayer and fasting as families sought God's guidance for the new year.
Food Bank Initiative
In January 2025, Rev. Dorjey Tamang encouraged the congregation to bring non-perishable food items quarterly to be displayed in church on Sundays.
These items were made available to those in need, and the initiative has been a great success, reflecting the church’s heart for compassion and generosity.
Couples' Ministry Programme
In February 2025, the church held a one-day Valentine day’s programme focused on strengthening marriages through biblical teaching and practical guidance. Sessions encouraged couples to build Christ-centred relationships. The programme was well-received and supported the church’s commitment to nurturing strong Christian families.
Classes / Discipleship
Growth Track
The Growth Track Programme, consisting of four discipleship modules, was conducted twice in 2025. Modules 1 and 2 were held in March, followed by Modules 3 and 4 in September. The sessions covered biblical foundations, church values, spiritual gifts, and pathways for serving. Many participants also shared testimonies of how the programme helped clarify their next steps and strengthened their commitment to spiritual growth.
Next Step Encounter
The church conducted two Next Step Encounter sessions in July and October 2025. These sessions focused on helping members experience a deeper encounter with God through teaching, prayer, and personal ministry. Many participants received spiritual breakthroughs, including the gift of speaking in tongues, and shared testimonies of renewed faith and strengthened commitment.
Missionary Visits
In 2025, the church welcomed visiting missionaries from Singapore and Hawaii. Their time with us included teaching, ministry, and encouragement for the congregation, strengthening our connection with the wider Victory Family Centre global missions' network.
Ministry Activities
In 2025, Victory Family Centre London continued to build on the momentum of the previous year, strengthening the church through meaningful gatherings, outreach, and family-centered ministry. The year was marked by significant spiritual and numerical growth across all ministries.
Easter Weekend Celebrations
The Easter season was marked by a series of coordinated events focused on remembrance, outreach, and celebration:
• Good Friday Service (18th April 2025): A solemn and reflective service was held at the International Gospel Church to commemorate the crucifixion of Christ.
• Street Evangelism (19th April 2025): The outreach teams conducted street evangelism across St George’s Mall and St Ann’s Mall, sharing the gospel message with the local community.
• Resurrection Sunday Celebration (20th April 2025): A special Easter service was held at Vue Cinema, Harrow, where the congregation gathered to honour the victory of Christ and welcome many newcomers. The service was marked by joyful worship, unity, and a renewed commitment to community outreach.
• Easter Monday Family Funday (21st April 2025): The church hosted a vibrant Family Funday at Ruislip Cricket Club (Kings College Road). Families enjoyed a day of fellowship, games, food, and connection, creating a warm environment for members and guests alike. The event strengthened relationships and provided a meaningful opportunity for outreach.
Youth Ministry
The Youth Ministry continued its monthly youth services at The Camden Shed, providing consistent discipleship, mentoring, and community for young people. In addition to regular services, the ministry organised outreach activities, fellowship gatherings, and creative programmes designed to strengthen faith, build confidence, and encourage positive peer relationships. Several new youths joined throughout the year, reflecting the ministry’s growing impact and engagement.
Church Spiritual and Numerical Growth
From 1st to 10th July 2025, the church entered a dedicated 10-day period of fasting and prayer, focusing intentionally on the spiritual strengthening and numerical growth of the congregation. Members participated in personal and family prayer times, seeking God’s guidance and renewal. This period contributed to deeper discipleship, increased commitment, and strengthened engagement across the church.
Water Baptisms
A major spiritual highlight of the summer was the Family Baptism Beach Day held at West Wittering Beach in July. The church celebrated a powerful move of God as 6 individuals came forward to make a beautiful, public declaration of their faith through water baptism, surrounded by the joy and support of the entire church family.
August Fellowship Month
During the month of August, the church dedicated four consecutive Sundays to creative, fellowship, and community-building activities during the holiday season. Practical evangelism and worship workshops were carried out alongside themed Sundays, which included:
• Movie Sunday
• Family Fun Games
• Evangelism Sunday
• Continental Breakfast
These events brought great excitement to the congregation and successfully led to several new members joining the church.
Children’s Ministry (Sunday School Ministry)
The Children’s Ministry continued to grow in 2025, offering weekly age-appropriate teaching, worship, and interactive activities in its dedicated cinema hall. A refreshed curriculum and creative learning session helped maintain strong attendance and enthusiasm. Holiday-themed Sundays and fellowship activities further strengthened engagement and supported the spiritual development of the children.
Prophetic Ministry Services
In June 2025, the church hosted two prophetic ministry services on 21st and 22nd June. These sessions provided spiritual encouragement and personal ministry to members. Many individuals received personal prophetic words that brought clarity, guidance, and renewed faith. The services contributed positively to the spiritual strengthening of the congregation during the year.
Seminars, Conferences, and Guest Speakers
Throughout 2025, the church hosted a variety of guest speakers, seminars, and conferences aimed at strengthening faith and community life.
Victory in Europe Conference
From 11th to 14th September 2025, Victory Family Centre London hosted the Victory in Europe Conference, themed “IGNITE” for four days of teaching, worship, workshops, and ministry. The programme focused on revival, leadership development, ministry vision, and practical equipping, with sessions led by Pastor Jeremy Seaward and other regional leaders.
Workshops emphasized raising lay leaders for cell groups and strengthening financial stewardship. The conference concluded on Sunday, 14 September, with a joint celebration service held at VFC London, marking a powerful end to the corporate gathering.
VFC London Silver Jubilee Celebration
On September 14, 2025, the church hosted its historic Silver Jubilee Celebration. This landmark service marked 25 years of ministry, faithfulness, and impactful community presence in London, bringing together current members, alumni, and partner ministries to celebrate the church's rich legacy.
Language Fellowship Services
VFC London has transitioned to Nepali‑only Language Fellowship services held on the first Sunday of each month. VFC London is also a part of NCCUK (Nepali Christian Churches UK), a non‑denominational Christian body that brings together Nepali fellowships and churches across the UK and continues to engage in combined and regional Nepali fellowship with churches nationwide.
Christmas Family Celebration
The year concluded with a joyful Christmas Family Celebration on 21 December 2025. Over 280 people attended the event, which featured carols, delicious meals, and a warm fellowship. It was a fitting conclusion to a blessed and fruitful year for the entire VFC family.
The Victory Family Centre continues to manage its finances prudently and transparently.
Income during the year was primarily derived from member donations, offerings, and fundraising activities, while expenditure was focused on venue hire, ministry activities, outreach programmes, and charitable support.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Management Committee extends sincere appreciation to all members and partners who contributed faithfully throughout the year.
A full statement of accounts for the year ended 31 December 2025 has been prepared and will be submitted to the relevant authorities in accordance with the Charity Commission guidelines.
Looking ahead, Victory Family Centre London aims to build upon the strong foundation established in 2025. Our goals for 2026 include:
• Teen’s Ministry: Developing structured programmes to disciple and mentor teenagers.
• Women’s Ministry: Strengthening fellowship, teaching, and support for women across the church.
• Men’s Ministry: Establishing regular gatherings focused on biblical leadership and personal growth.
• Sports Ministry: Expanding sports-based outreach and community engagement activities.
• Victory Camp (Youth): Launching a dedicated youth camp to build spiritual foundations, leadership skills, and stronger peer fellowship.
• Deepening Discipleship: Expanding the Christian Development Programme (CDP) and small group fellowships.
• Community Engagement: Strengthening outreach through food distribution, counselling, and support networks.
• Youth and Children’s Growth: Developing leadership and creative arts programmes for young people.
• Facility Development: Exploring opportunities for a permanent worship and community centre.
• Leadership Training: Equipping ministry leaders for greater impact and effective service.
• Prayer and Revival Focus: Continuing with corporate fasting, prayer, and revival services throughout the year.
The Management Committee remains committed to fulfilling the mission of VFC London - to serve, uplift, and empower individuals and families through the love of Christ.
Looking ahead, the London Family Centre aims to build upon the strong foundation established in 2024.
Our goals for 2025 include:
• Deepening Discipleship: Expanding the Christian Development Programme (CDP) and small group fellowships.
• Community Engagement: Strengthening outreach in local communities through food distribution, counselling, and
support networks.
• Youth and Children’s Growth: Developing leadership and creative arts programmes for young people.
• Facility Development: Exploring opportunities for a permanent worship and community centre.
• Leadership Training: Equipping ministry leaders for greater impact and effective service.
• Prayer and Revival Focus: Continuing with corporate fasting, prayer, and revival services throughout the year.
The Management Committee remains committed to fulfilling the mission of LFC — to serve, uplift, and empower individuals and families through the love of Christ.
Governing Document
The charity is a company limited by guarantee , incorporated on 10 November 2000 and registered as a charity on 14 March 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under the Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
The Committee expresses heartfelt thanks to Rev. Dorjey Tamang, the pastoral team, ministry leaders, volunteers, and all members for their faithfulness and tireless dedication.
We also extend our appreciation to our partners, donors, and the wider community for their ongoing support.
Together, we celebrate a fruitful year and look forward to even greater impact in 2025.
The trustees' report was approved by the Board of Trustees.
I report to the trustees on my examination of the financial statements of Victory Family Centre London (the charity) for the year ended 31 December 2025.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Victory Family Centre London is a private company limited by guarantee incorporated in England and Wales. The registered office is 234 Royal College Street, London, NW1 9NJ.
This charity is established for charitable purposes only and operates for the public benefit in accordance with the law. All activities, services, and projects undertaken by the charity are designed to further its stated charitable purposes and to benefit the public or a sufficient section of the public.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives and which have not been designated for other purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Support costs are those costs incurred directly in support of expenditure on the objects of the company.
- Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of
trading for fundraising purposes.
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
- Governance costs include those costs associated with meeting the constitutional and statutory requirements
of the charity and include the audit fees and costs linked to the strategic management of the charity.
- All resources expended are inclusive of irrecoverable VAT.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
During the year, the Trustees received remuneration of £30,000 (2024: £24,880). None of the trustees (or any persons connected with them) received any benefits from the charity during the year but one trustee was reimbursed a total of £3,668 in relation to love offerings and charity travel and subsistence costs.
The average monthly number of employees during the year was:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The valuation of the leasehold property was carried out as at 31 December 2024 by Alex Crown Lettings & Estate Agents on an open market value basis, with reference to market evidence of similar properties. The figures presented in the financial statements are consistent with the valuation report issued by this independent firm of valuers.
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
VFC Singapore is the head church of the charity. During the year, the charity received a donation of £61,350 (2024: £56.575) from VFC Singapore. The amount will be utilised towards charitable expenditure as and when required.