2021-06-30-accounts

Toent Vineyaod Annual Report and Consolidated Financial Statements 30 June 2021

TRENT VINEYARD (a company limited by guarantee)

CONTENTS
	Page
Reference and administrative details of the company, its trustees and advisers	1
Trustees' report	2 - 15
Trustees' responsibilities statement	16
Independent auditor's report on the financial statements	17 - 20
Consolidated statement of financial activities	21
Consolidated balance sheet	22
Company balance sheet	23
Consolidated statement of cash flows	24
Notes to the financial statements	25 - 49
The following page does not form part of the statutory financial statements:
Consolidated detailed income and expenditure account	50 - 51

TRENT VINEYARD (a company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2021

Trustees	John Wright
	Paul Bryce
	Clive Sillito
	Paul Tomkins
	Samuel Dunlop
	Michael Yanney
Company registered number 3018774 Charity registered number 1044369 Registered office Unit 1 Easter Park Lenton Lane Nottingham NG7 2PX Company secretary Paul Bevan Independent auditor Barnett & Turner Accountants Ltd Chartered Accountants Cromwell House 68 West Gate Mansfield Nottinghamshire NG18 1RR Bankers Barclays Bank plc Leicester LE87 2BB Charities Aid Foundation Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4LQ Stewardship Services (UKET) Ltd 1 Lambs Passage London EC1Y 8AB Solicitors Geldards LLP 1 Pride Place Pride Park Derby DE24 8QR

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2021

The trustees present their annual report together with the audited financial statements of the company for the year from 1 July 2020 to 30 June 2021. The annual report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Objectives and activities

a. Policies and objectives

We believe that we comply with The Charity Commission guidance on public benefit and specifically the advancement of religion as well as complying with company law.

In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

Introduction

Our Vision Statement:

“God has called us to build a growing, regional, biblically based church in Nottingham, which will, in a creative and contemporary way, in the power of the Holy Spirit, worship God and communicate the gospel with compassion and generosity.

We aim to make, train and equip disciples to be effective in the extending of God's Kingdom, to develop leaders, to plant new churches, and to contribute to the blessing of the whole Body of Christ.”

Trent Vineyard was started in 1996 by 10 people led by John & Debby Wright. From humble beginnings, meeting in people’s homes and then rented venues, we raised the funds to buy a plot of land and construct our own facility which we have called home since 2003.

We aim to be a light across our city, serving and blessing those who live here. As we have grown in size we have been able to set up numerous ministries that reach out to many different groups of people. We have had the privilege of seeing lives transformed as we share the compassion and love of God with those we meet. Having our own building allows us to facilitate all our church activities as well as make rooms available for commercial and public sector organisations during the week. This trading activity generates an income stream that supports our charitable activities, but we are also delighted when people with no church background are able to make use of our facilities. Alongside this we have a great coffee shop which is used by those who are part of the church, and, like conferencing, provides us with another great opportunity to open up our facility to the public. The commercial activity is delivered through our subsidiary company TV Conferencing Limited.

We also deliver a number of our social action activities though Trent Compassion Trust. Our broad aims continue to be the following:

• furthering the gospel of Jesus Christ and advancing the Kingdom of God

• building up the faith of Christian believers

• showing compassion for the vulnerable

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

We are always looking for ways to develop our ministries and serve people we meet throughout the year whether they see themselves as members of the church or not. The following pages detail the strategy we have used to meet our primary objectives.

This year has been challenging in light of the continued impact of Covid-19 and has required several changes and adjustments as we adapt and look to meet some of the need in our community and to help our church members stay connected.

While the church has continued to serve, adapt and meet the need, our trading activities have been severely impacted throughout the year. Despite these challenges, we have continued to see a full and active year.

Earlier in the pandemic when we transitioned to church online we saw engagement grow substantially, noting it is harder to fully compare in-person attendance and online viewers like for like. Once in-person gatherings were permitted again we piloted with small numbers from October 2020 and continued with both online Church broadcasts and in-person meetings through the year (apart from when in local lock-down). We have seen attendance grow through this year with the rolling average attendance showing double digit growth compared to the previous year.

Just under 1,300 people attended one of our four ‘Car park’ Carol Services in December 2020 with a further 4,000 plus joining online. We also held a family service where adults, children and youth join together for the service at Easter. Throughout the year online content for our children and youth was created and accessible via a number of platforms.

At the Carol services we invited people to give financially to support a charity called Home For Good and we raised over £6,000 which we planned to at least match fund so were able to send them a gift of £15,000 to support the amazing work they do which is dedicated to finding a home for every child who needs one, working with churches across the UK to inspire and explore fostering and adoption within those communities.

We hosted a number of alpha courses online, where people are invited to explore Christianity and what it means to follow Jesus. We saw over 60 people attend these courses.

As in 2020, we organised Bow Down event, a prayer gathering which started in Market Square in Nottingham, which was attended by hundreds of Christians from various churches across Nottingham to pray for our city, the country and nation. However, this year Bow Down was a fully online initiative with an open invitation to other churches to participate, who did so in greater numbers than last year.

We have held multiple events for students, families, married people, single people, kids and youth across the year to provide peer support, have loads of fun and grow as disciples of Jesus.

Through Trent Compassion Trust we continued to partner with ‘Hope into Action’ who provide accommodation for vulnerable women and their babies and are now supporting a number of properties alongside them.

We have been busy following the Lord’s leading to love Jesus, love each other and love Nottingham.

Objective 1:

Furthering the Gospel & Advancing the Kingdom

We welcome those of all beliefs from every background who wish to visit, and we continue to see people join us

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

who have had little or no previous interaction with church.

Due to the Covid-19 restrictions we held one online baptism service and 3 ‘live stream’ baptism services this year, with 20 people choosing to follow Jesus by being baptised at one of the two services. We also had 42 people ‘raising hands’ online when invited to make a commitment to following Jesus over the course of the year, some of who were able to be baptised during the year.

Through our small groups which meet during the mid-week online and in-person, when permitted, we have been able to support and bless local people in numerous ways, including planting hundreds of bulbs in a local park which was in need of maintenance, cooking meals to share with neighbours in the community and providing a primary school in an impoverished area with basic items, such as underwear, socks, toothbrushes and toiletries to give to pupils in need.

As in 2019-20, during lockdown, small groups have supported neighbours by getting shopping and essential items, including prescriptions, for those who were shielding or self-isolating. The Student community prepared and distributed care packages for students at Nottingham University’s Broadgate halls of residence and other student houses across the city.

Other exciting stuff we have been up to includes:

"Healing on the streets; starting many conversations about faith - giving out coffee & doughnuts on Sunday; part of welcoming everyone; alpha courses; for those with questions about life and faith - small group blessing the community - women’s events; great places to invite friends - student graduation celebration party - carol services; a beautiful creative event to share the gospel with friends and neighbours."

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

Church Planting

There is only so much Trent Vineyard can do from our single location in Nottingham so from the start we have been passionate about extending God’s kingdom by starting or “planting” new churches across the country, these are autonomous charities who relate through relationship and the wider Vineyard organisation.

Churches that have been started (“planted”) by members of Trent Vineyard that we have sent out since we started as a church in 1996:

1. North Thames Vineyard (High Wycombe)*

2. Melton Vineyard (Melton Mowbray)

3. Tyneside Vineyard (Newcastle)

4. Cardiff Vineyard

5. Severn Vineyard (Bristol)

6. Vineyard Bath

7. Vineyard 53 (Chester & West)

8. Mansfield Vineyard

9. Manchester Vineyard

10. Hope Vineyard Oxford

11. Derwent Valley Vineyard (Derby) *

12. Leicester Vineyard

13. Church plant has now been closed.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

Objective 2:

Building up Believers’ Faith

Each Sunday we run a morning and evening service with practical teaching and worship in an informal, relaxed atmosphere. This year, in-light of Covid-19 and our hybrid model of Church online and in person, we reverted to two services from the three services which had been introduced in 2019-20.

Young people have met online in their own age groups in Trent Kids and Trent Youth on Sunday mornings and during the week with some in-person mid-week meetings for Youth as permitted under guidance for that agegroup. We would normally run other events for kids and youth through the year such as weekends away, sleepovers and parties but due to Covid-19 had to put these on hold this year, opting for outdoor meet-ups and activities in local parks.

In a normal year we see a large number of students from the two local universities, mainly at our evening service, which is followed by After Hours, a social gathering around our bar, with live music, games and snacks, however this had to be put on hold due to Covid-19 until the last few months of the year. The team were able to organise prayer walks and outreach events such as ‘Jesus at the door’, along with online gatherings and leaders’ events and some smaller in-person prayer and worship events took place where restrictions permitted.

People are also invited to join one of our many small groups that meet mid-week, usually in people’s homes, when Covid-19 restrictions allow and a few held at our site. During the pandemic, while in person gatherings were prohibited, small groups continued to support each other through online platforms, such as zoom. We currently have around 117 small groups meeting mid-week, with an average of around 9 people gathering per group.

Every year volunteers come and complete our discipleship courses, ZOÉ and DY+, receiving teaching alongside volunteering practically in the church for up to two full days a week. This year these discipleship courses had to take place almost exclusively online, however volunteers were able to participate in essential activities within The Arches.

Around 300 people attended online leaders’ meetings held three times per year. These are designed to equip and support volunteers who help us to carry the pastoral and leadership responsibilities within the church.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

We run Inspire, a training day for those who would like to explore leading in the church to help us lead and care for the growing membership of the church.

We partner closely with Vineyard Churches UK & Ireland to help host and organise a series of national events aimed at teaching and equipping believers across the country. This includes the Cause To Live For conference aimed at young adults, the Vineyard National Gathering, aimed at those leading churches and ministries in the Vineyard and Dreaming the Impossible aimed at teenagers, which were hosted online from Trent this year.

Other courses that ran throughout the year include:

"Marriage & pre-marriage; investing in the lives of our married members; prophecy, healing & spiritual gifts; recovery groups; worship training; equipping those with a desire to worship with the tools they need to lead others."

Objective 3:

Compassion for the Vulnerable

We continue to seek ways to creatively and practically serve all sectors of the community. The range of compassion ministries we support are diverse and during the year included:

"The soup run; giving out sandwiches and hot drinks in the city centre - prison ministry; leading services and offering support - Hope into Action; providing a home and support network for vulnerable people - hosting the Nottingham Citizens Accountability Assembly."

In addition to this our subsidiary charity Trent Compassion Trust provides support and practical provision to those in our city who find themselves in need. This is done on a referral basis but once they are connect with us, several people stay connected to us and we seek to provide a community where they are supported and helped.

Trent Vineyard started this charity trust back in 2001 under the charity The Vineyard Arches Trust, providing furniture, clothing, children and baby equipment, emergency food and household goods.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

As this project grew we moved from the rented premises we renovated a space on our site to enable to expand and grow as we found we were rapidly out growing the space we were in.

This year, we have seen over 1,080 people from over 44 nationalities providing furniture, food and clothing and care for in community groups. Around 15% of these people were refugees.

Over the course of 2020-21 Trent Compassion Trust launched the ‘Step Forward’ programme which includes Step Forward Money Advice, Step Forward Employability and Step Forward Community helping those in need of support in various circumstances to break the cycle of Debt, receiving training towards gaining employment and finding community and growing personally.

During Covid-19 we were unable to do some of things we normally did and so continued with the pivot of becoming a distribution centre for the food banks within the city handling in excess of a hundred tonnes of consumables and donations over the last year. We’ve stored these supplies so they can be distributed to the food banks we have partnered with, providing emergency care to those in need. At Christmas we received donations to fill over 2,500 ‘Love Christmas’ boxes to distribute to those in need across the city.

For more details TCT (Charity 1091918) produce their own set of accounts where you can see more details for what happened over the last year.

Overseas

During the year we provided support to overseas projects. This ranged from running monthly prayer groups, to members of the church visiting and providing support to the projects.

While we don’t have an annual programme of visiting these projects members of our church do visit from time to time.

Charities and individuals across the world that Trent or Trent members support in some way:

1. India (through the charity Love the One set up by doctors Catherine Morris and Mary Cusack)

2. Zimbabwe (through Family Impact, a charity set up and run by Lynne Knight)

3. Japan (through Dave and Heidi Skipper former members of Trent now living there)

4. Romania (through Little John’s House, an orphanage for neglected and abandoned disabled children)

5. Mexico (through the Vineyard church in Mexico, part of the national Vineyard movement)

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

Statistics

Financial statistics

Voluntary Income (General Funds):

----- Start of picture text -----
3,000
2,500
2,000
1,500
1,000
500
-
2018-19 2019-20 2020-21
£'000
----- End of picture text -----

Voluntary income increased by 6% in 2021, this is a more modest growth than in 2020 but was better than had been foreseen given the Covid-19 pandemic.

The majority of giving has continued to be online and as more people have connected with us, we have seen an uplift of new people giving as was the case in 2020.

Trading Surplus (General Funds):

As expected, trading did not generate profits and sustained a loss due to the impact of Covid-19 and restrictions placed on the hospitality sector. We are thankful for Covid-19 grants which were accessed to minimise the losses, along with limited commercial activity and utilising reserves to navigate this season.

We have seen signs that the conferencing and coffee shop will return to a healthy business as we have started to emerge out of the pandemic.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

Charitable Expenditure (General Funds)

----- Start of picture text -----
2021 TOTAL
£2,219k
2020 TOTAL 2019 TOTAL
£2,256k £2,108k
----- End of picture text -----

Further details of this expenditure is given in the consolidated income and expenditure account.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objectives and activities (continued)

Church statistics

Sunday Attendance (Yearly Average):

Average adult attendance has continued to grow this year. However, statistics for moving online are not fully comparable, our stats show that even more people are engaging with us now and saw our engagement grow by 26% with Adults growing by 39% compared with the previous year.

Our kids & young people attendance has decreased over this last year, partly due to having much reduced capacity due to Covid-19 restrictions. We anticipate a return to pre-pandemic attendance in 2021-22.

d. Volunteers

We actively encourage people to volunteer their time and get involved serving the church. We could not operate and do everything we do without their generosity and dedication of those who diligently serve each year.

Throughout the year this was reduced significantly due to Covid-19 however as restrictions reduced there were greater opportunities for voluntary hours both in support of Sunday, mid-week activities and in our compassion projects. We have encouraged to see existing and new members getting back involved to help meet the need within our community and while we are not back to pre Covid-19 levels we are seeing this grow more and more.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Strategic report

Achievements and performance

a. Main achievements of the company

To summarise what has been said above, Trent Vineyard is in a strong position both financially and in terms of Sunday attendance we have clearly grown but we fully know we face challenging times as we begin to emerge from the pandemic.

Our major source of general income (donations from individuals) is really healthy and has helped cover the decrease in expected profits from trading activities.

For details of our main charitable objectives and our continued performance against them see the pages above.

b. Fundraising activities and income generation

Trent Vineyard is very careful and sensitive in how we raise funds. We do not employ or work with professional fundraisers, nor do we solicit donations on the street, via phone calls or letters. We invite those who are part of our church to support the work and where a person is not able to financially support the work we respect this.

Generosity is an important part of our understanding of God’s character and his will for us is to flourish in this area. This is taught with care at various points in the year during a Sunday service. It is very important to us that an individual never feels compelled to give to Trent Vineyard and we are always clear that whatever they may decide to give is between them and God.

c. Investment policy and performance

Our Articles authorise us to invest our funds.

Cash balances are currently held with Barclays Bank, Charities Aid Foundation Bank and Stewardship Services Limited.

We have operated a policy of keeping available funds within interest-bearing deposit accounts while balancing this with our liquidity requirements.

Financial review

a. Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

Rationale:

We maintain a level of free reserves to mitigate against the risk that the charity experiences an unexpected event which would put us in financial difficulty.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

This might include an event which would bring Trent Vineyard into disrepute, the premises being forced to close for a long period of time or a serious decline in the economic environment we operate in.

The current Covid-19 pandemic is one of these situations we therefore have prepared for financially and has enabled us to make wise decisions for the long-term future of Trent Vineyard as a group.

Target Level:

We believe that the appropriate level of unrestricted reserves should be based on a proportion of our regular costs as follows:

• Four months of long-term commitments, such as mortgage and utilities payments and also the cost of running our Sunday services which would be a vital activity to maintain;

• Two months of medium-term commitments such as permanent staff costs and the monthly financial support we provide to partner charities;

• One month of short-term costs, including the day to day ministry activity of the church.

Our review has estimated this target level is £600,000 for the group which represents around 20% of our annual expenditure.

The reserves held as at 30 June 2021 are above target levels.

Maintenance:

We review, on a quarterly basis, the level of reserves held.

Review of Policy:

During the year the trustees aim to carry out a full review of our reserves policy to ensure it remains up to date and relevant.

c. Principal risks and uncertainties

The trustees have assessed the major risks to which the group and the company are exposed, in particular those related to the operations and finances of the group and the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

We have systems of internal control which are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

They include:

• Annual income forecasting and budget setting approved by the trustees;

• Regular consideration by the trustees of financial reports;

• Delegation of authority and segregation of duties;

• Identification and management of risks.

We aim to review on a regular basis the main risks that the church faces. The trustees consider the key risks to a church like ours to be finances, safeguarding, health & safety, reputation and human resources. We employ specialist staff to assist with managing the risk in each of these areas. We also engage third party experts for advice.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

We believe that the internal financial controls conform to guidelines issued by The Charity Commission and Company Law.

Structure, governance and management

a. Constitution

Trent Vineyard is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association and operating as a church.

b. Methods of appointment or election of trustees

The management of the group and the company is the responsibility of the trustees who are elected and coopted under the terms of the Memorandum of Association.

c. Organisational structure and decision-making policies

The day to day running of the church is delegated to the employed pastoral and operational staff. The staff are led by the Senior Pastors, John & Debby Wright, and their Senior Leadership Team which is as follows:

John Wright Senior Pastor Debby Wright Senior Pastor Nigel Briggs Executive Pastor John Bodily Senior Associate Pastor Susie Aldridge Associate Pastor Paul Bevan Business Director Dave Miller Senior Ministry Pastor Ben Hyett Senior Ministry Pastor Sam McDermid Manager and Researcher

d. Policies adopted for the induction and training of trustees

New trustees are appointed when appropriate. Suitable candidates, who are generally selected from within the church membership, are considered on the basis of their skills, experience and sympathy with the aims of the church. New trustees have the opportunity of reviewing appropriate documents, including the management accounts, as part of their induction process.

e. Pay policy for key management personnel

A remuneration committee makes recommendations to the trustees for the salary scales for all staff and for specific salaries on those scales for senior staff. The trustees consider the recommendations for any individuals in their absence.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Structure, governance and management (continued)

f. Related party relationships

The charity holds 1 share worth £1 in its wholly owned trading subsidiary TV Conferencing Limited (company number: 10076796, registered office: Trent Vineyard, Unit 1 Easter Park, Lenton Lane, NG7 2PX) which is incorporated in the UK. This is the only share allotted, called up and fully paid.

The charity holds the wholly owned charitable subsidiary Trent Compassion Trust (company number: 04339357, registered office: Trent Vineyard, Unit 1 Easter Park, Lenton Lane, NG7 2PX) which is incorporated in the UK.

Plans for future periods

This next year is going to be about re building as we navigate through the pandemic and emerging to continue to reach and engage with all those we come into contact with.

We know that online will continue to be part of methods to achieve our vision so we need to be capable to hold church services in person as well as online so over the next year we are continuing to invest in infrastructure to achieve this.

Our in-person attendance is growing, so we plan to re instate the third service on a Sunday so we provide greater space for those who want to start coming to church or come back to church in-person.

We anticipate that our trading activities will continue to be impacted but believe we will be able to adapt and ride through this season and be placed to meet the needs and opportunities that begin to emerge.

Our compassion ministries will be one area that we do see will be a high demand as we look to meet the need now but also those needs that will come on the back of coming out the other side of the pandemic. This will be not just a practical assistance but also spiritually as we see disciples grow and mature.

Disclosure of information to auditor

Each of the persons who are trustees at the time when this trustees' report is approved has confirmed that:

• so far as that trustee is aware, there is no relevant audit information of which the charitable group's auditor is unaware, and

• that trustee has taken all the steps that ought to have been taken as a trustee in order to be aware of any relevant audit information and to establish that the charitable group's auditor is aware of that information.

Auditor

Barnett & Turner Accountants Ltd are deemed to be reappointed in accordance with Section 487(2) of the Companies Act 2006.

Approved by order of the members of the board of trustees on 7 February 2022 and signed on their behalf by:

Samuel Dunlop (Trustee)

Clive Sillito (Trustee)

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TRENT VINEYARD (a company limited by guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2021

The trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the trustees' report including the strategic report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgements and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the group will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the group and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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TRENT VINEYARD (a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TRENT VINEYARD

Opinion

We have audited the financial statements of Trent Vineyard (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 30 June 2021 which comprise the consolidated statement of financial activities, the consolidated balance sheet, the company balance sheet, the consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• give a true and fair view of the state of the group's and of the parent charitable company's affairs as at 30 June 2021 and of the group's incoming resources and application of resources, including its income and expenditure for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material

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TRENT VINEYARD (a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TRENT VINEYARD (CONTINUED)

misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Trustees' report including the Strategic report for the financial year for which the financial statements are prepared is consistent with the financial statements.

• the Trustees' report and the Strategic report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report including the Strategic report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

• the parent charitable company has not kept adequate and sufficient accounting records, or returns adequate for our audit have not been received from branches not visited by us; or

• the parent charitable company financial statements are not in agreement with the accounting records and returns; or

• certain disclosures of trustees' remuneration specified by law are not made; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be

Page 18

TRENT VINEYARD (a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TRENT VINEYARD (CONTINUED)

expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our planning process:

• We enquired of management the systems and controls the company has in place, the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud. The company did not inform us of any known, suspected or alleged fraud.

• We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant: FRS 102, Companies Act 2006.

• We considered the incentives and opportunities that exist in the company, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.

• Using our knowledge of the company, together with the discussions held with the company at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:

• Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.

• Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.

• Obtaining third-party confirmation of material bank and loan balances.

• Documenting and verifying all significant related party and consolidated balances and transactions.

• Reviewing documentation such as the company board minutes, for discussions of irregularities including fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the those charged with governance of the entity.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Page 19

TRENT VINEYARD (a company limited by guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF TRENT VINEYARD (CONTINUED)

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Wilson FCA CTA (Senior Statutory Auditor) For and on behalf of

Barnett & Turner Accountants Ltd Chartered Accountants

1 March 2022

Page 20

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021

Note Income from: Donations and legacies 4 Charitable activities 5 Other trading activities 6 Investments 7 Other income 8 Total income Expenditure on: Raising funds 9 Charitable activities 10 Total expenditure Net income/(expenditure) Transfers between funds 25 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2021 £ 2,526,538 184,157 184,643 355 628 2,896,321 187,703 2,357,595 2,545,298 351,023 (87,509) 263,514 1,310,679 263,514 1,574,193	Restricted funds 2021 £ 319,792 - - - - 319,792 - 556,914 556,914 (237,122) 87,509 (149,613) 6,607,027 (149,613) 6,457,414	Total funds 2021 £ 2,846,330 184,157 184,643 355 628 3,216,113 187,703 2,914,509 3,102,212 113,901 - 113,901 7,917,706 113,901 8,031,607	Total funds 2020 £ 2,624,648 102,395 641,188 1,414 -
				3,369,645
				460,413 2,759,943
				3,220,356
				149,289 -
				149,289
				7,768,417 149,289
				7,917,706

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 25 to 49 form part of these financial statements.

Page 21

(a company limited by guarantee) REGISTERED NUMBER: 3018774

TRENT VINEYARD

CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2021

Note Fixed assets Tangible assets 18 Current assets Stocks 20 Debtors 21 Cash at bank and in hand Creditors: amounts falling due within one year 22 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 23 Total net assets Charity funds Restricted funds 25 Unrestricted funds 25 Total funds	2021 £ 5,345 115,149 1,680,151 1,800,645 (209,167)	2021 £ 7,744,899 1,591,478 9,336,377 (1,304,770) 8,031,607 6,457,414 1,574,193 8,031,607	2020 £ 5,599 233,452 1,419,821 1,658,872 (278,344)	2020 £ 7,927,031 1,380,528 9,307,559 (1,389,853) 7,917,706 6,607,027 1,310,679 7,917,706

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the trustees on 07 February 2022 and signed on their behalf by:

Samuel Dunlop

(Trustee)

Clive Sillito

(Trustee)

The notes on pages 25 to 49 form part of these financial statements.

Page 22

(a company limited by guarantee) REGISTERED NUMBER: 3018774

TRENT VINEYARD

COMPANY BALANCE SHEET AS AT 30 JUNE 2021

Note Fixed assets Tangible assets 18 Investments 19 Current assets Debtors 21 Cash at bank and in hand Creditors: amounts falling due within one year 22 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 23 Total net assets Charity funds Restricted funds 25 Unrestricted funds 25 Total funds	2021 £ 260,133 1,422,660 1,682,793 (193,543)	2021 £ 7,711,836 1 7,711,837 1,489,250 9,201,087 (1,304,770) 7,896,317 6,382,621 1,513,696 7,896,317	2020 £ 766,496 702,734 1,469,230 (256,264)	2020 £ 7,897,324 1 7,897,325 1,212,966 9,110,291 (1,389,853) 7,720,438 6,533,896 1,186,542 7,720,438

The company's net movement in funds for the year was £175,879 (2020 - £300,856).

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements were approved and authorised for issue by the trustees on 07 February 2022 and signed on their behalf by:

Samuel Dunlop

(Trustee)

Clive Sillito (Trustee)

The notes on pages 25 to 49 form part of these financial statements.

Page 23

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021

Note Cash flows from operating activities Net cash used in operating activities 27 Cash flows from investing activities Dividends, interests and rents from investments Purchase of tangible fixed assets Bank interest Other net assets in subsidiary Net cash used in investing activities Cash flows from financing activities Repayments of borrowing Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year 28	2021 £ 623,950 355 (227,738) (31,665) - (259,048) (104,572) (104,572) 260,330 1,419,821 1,680,151	2020 £ 704,686 1,414 (207,500) (36,500) 107,200 (135,386) (97,735) (97,735) 471,565 948,256 1,419,821

The notes on pages 25 to 49 form part of these financial statements

Page 24

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Trent Vineyard meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the company and its subsidiary undertakings. The results of the subsidiaries are consolidated on a line by line basis.

The company has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements.

1.2 Going concern

The trustees have determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern. The board expects that COVID-19 might have some ongoing impact, though not significant, for example, in relation to expected future financial performance, the activities we run or future asset valuations.

1.3 Income

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 25

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. Accounting policies (continued)

1.4 Expenditure

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 allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the group's objectives, as well as any associated support costs.

Trent Vineyard is part of a group registered for VAT. VAT is not recoverable in respect of the charitable part of the group's activities. VAT is recoverable in respect of the portion of the group's activities which are defined as business activities for VAT purposes.

Where applicable the group claims a portion of the VAT on expenditure based on the proportion of trading to charitable activities that we undertake as agreed with HMRC.

Expenditure classified as charitable in nature is therefore shown in these financial statements inclusive of the VAT that we are unable to reclaim.

1.5 Donated services

In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised; refer to the trustees' report for more information about their contribution.

1.6 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the consolidated statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the consolidated statement of financial activities as the related expenditure is incurred.

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

1.8 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 26

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. Accounting policies (continued)

1.9 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold and leasehold land	-		nil
Long-term leasehold property	-	3%	on a straight line basis
Short-term leasehold property	-	10%	on a straight line basis
Motor vehicles	-	25%
Office equipment	-	25%	on a straight line basis
Computer equipment	-	25%	on a straight line basis
Other fixed assets	-	25%	on a straight line basis

1.10 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

1.11 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.12 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.13 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 27

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. Accounting policies (continued)

1.14 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the consolidated statement of financial activities as a finance cost.

1.15 Financial instruments

The group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.16 Operating leases

Rentals paid under operating leases are charged to the consolidated statement of financial activities on a straight line basis over the lease term.

1.17 Pensions

The group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the group to the fund in respect of the year.

1.18 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the group and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

22% of our voluntary income is set apart to be given away, or spent on activities which benefit those outside our church. There is no legal obligation to set apart these funds; this is simply a long term policy agreed by the trustees.

Page 28

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. Accounting policies (continued)

1.19 Concessionary loans

Consessionary loans are loans which are made or received at below the prevailing market rate of interest, that are not repayable on demand and are for the purposes of furthering the objectives of Trent Vineyard.

Loans are recorded in the financial statements at the amount received or paid.

2. General information

Trent Vineyard is a charitable company limited by guarantee and registered in England, company registered number 3018774, and charity registered number 1044369.

3. Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Critical areas of judgement:

Depreciation of tangible fixed assets:

Determining the appropriate rate of depreciation of tangible fixed assets requires an estimate of the useful economic life and ultimate net realisable value. The useful economic life is determined to be the period during which each asset will be usable.

Stock valuation:

Stock is valued at the lower of cost and net realisable value on a FIFO basis.

Page 29

(a company limited by guarantee)

TRENT VINEYARD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

4. Income from donations and legacies

Unrestricted funds 2021 Restricted funds 2021 £ £ Donations 2,526,538 319,792 Total 2020 2,382,003 242,645 5. Income from charitable activities Unrestricted funds 2021 Restricted funds 2021 £ £ Other charitable activities 184,157 - Total 2020 99,540 2,855 6. Income from other trading activities Income from non charitable trading activities Unrestricted funds 2021 £ Trading income - TV Conferencing Limited 184,643 Total 2020 641,188	Total funds 2021 £ 2,846,330 2,624,648 Total funds 2021 £ 184,157 102,395 Total funds 2021 £ 184,643 641,188	Total funds 2020 £ 2,624,648
		Total funds 2020 £ 102,395
		Total funds 2020 £ 641,188

Page 30

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

7. Investment income

Bank interest Total 2020 Other incoming resources Profit on sale of fixed assets Total 2020	Unrestricted funds 2021 £ 355 1,414 Unrestricted funds 2021 £ 628 -	Total funds 2021 £ 355 1,414 Total funds 2021 £ 628 -	Total funds 2020 £ 1,414
			Total funds 2020 £ -

8. Other incoming resources

Page 31

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

9. Expenditure on raising funds

Other trading expenses

Unrestricted funds 2021 £ Other costs 8,608 Wages and salaries 174,786 Depreciation 4,309 187,703 Total 2020 460,413	Total funds 2021 £ 8,608 174,786 4,309 187,703 460,413	Total funds 2020 £ 237,218 220,741 2,454
		460,413

10. Analysis of expenditure on charitable activities

Summary by expense type

Unrestricted funds 2021 £ Other costs 695,591 Wages and salaries 1,522,594 Depreciation 139,410 2,357,595 Total 2020 2,378,107	Restricted funds 2021 £ 229,299 60,835 266,780 556,914 381,836	Total funds 2021 £ 924,890 1,583,429 406,190 2,914,509 2,759,943	Total funds 2020 £ 930,458 1,429,056 400,429
			2,759,943

Page 32

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

11. Auditor's remuneration

	2021	2020
	£	£
Fees payable to the company's auditor for the audit of the company's
annual accounts	14,589	14,800
Fees payable to the company's auditor in respect of:
All non-audit services not included above	4,731	4,600

12. Trading subsidiary activity

The trading activities are carried out in a separate 100% owned trading subsidiary TV Conferencing Limited. A summary of the trading subsidiary's activity for the year is shown below.

Coffee shop income Conference centre income Other activity income Government grants Purchases Wages and salaries Consumables Other costs of sale Service charge from charity Other admin expenses Corporation tax Profits gift aided to charity paid in year Retained earnings	2021 £ 24,501 19,579 3,466 141,646 (11,463) (174,786) (3,609) (6,327) (62,100) (7,991) 16,006 - (61,078)	2020 £ 85,929 514,080 21,839 28,737 (46,965) (220,741) (112,130) (52,842) (123,235) (11,693) (16,006) (212,079)
		(145,106)

The assets and liabilities of the company were:

Fixed assets - £9,239 (2020 - £1,866) Current assets - £129,353 (2020 - £635,625) Current liabilities - £129,552 (2020 - £567,373) Net assets - £9,040 (2020 - £70,118)

Page 33

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

13. Charitable subsidiary activity

The charitiable activities include activites within our subsidiary charity Trent Compassion Trust. A summary of the activity for the year is shown below.

Total income Total expenses Deficit for the year	2021 £ 304,416 (305,316) (900)	2020 £ 165,922 (172,345) (6,423)

The assets and liabilities of the charity were:

Fixed assets - £23,825 (2020 - £27,841) Current assets - £149,527 (2020 - £136,921) Current liabilities - £47,102 (2020 - £37,612) Net assets - £126,250 (2020 - £127,150)

Page 34

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

14. Group and charity charitable expenditure

Charitable expenditure is split between our three primary objectives as shown below.

Objective 1 - Furthering of the Gospel of Jesus Christ and Advancing the Kingdom of God Objective 2 - Building up the Faith of Christian Believers Objective 3 - Showing Compassion for the Vulnerable

The split of this expenditure is detailed in the consolidated income and expenditure account.

Included in "donations to charities" within both general and restricted charitable expenditure are amounts donated to the following charities:

Vineyard Churches UK and Ireland - company or charity registration number - 1099748 Individuals Love the One - company or charity registration number - 1131615 Operation Mobilisation - company or charity registration number - 1008196 Tearfund - company or charity registration number - 265464 Fusion UK - company or charity registration number - 1073572 The Family Impact - company or charity registration number - 1092759 Jericho Road Project - company or charity registration number - 1145740 Carpenters Arms - company or charity registration number - 1147791 Other small donations to charities and organisations Alpha International - company or charity registration number - 1086179 Open homes - company or charity registration number - 1110176 Hope Nottingham - company or charity registration number - 1161248 Children's Book Scheme - NCC* Homes for Good - company or charity registration number - 1158707 Citizens UK - company or charity registration number - 1107264	2021 £ 146,900 24,900 32,500 10,900 35,000 2,300 - - - 9,700 - 500 - 5,000 15,000 400 283,100	2020 £ 123,200 12,500 22,500 10,000 - 4,500 4,000 1,900 15,000 8,000 5,000 1,300 13,000 - - -
		220,900

Notes:

The number of individuals we provided grants and small gifts to in the year was 3 (2020 - 15).

The number of other small gifts to charities and organisations we supported in the year was 23 (2020 - 9).

• Gifts were given to support various projects through NCC (Nottingham City Council).

Page 35

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

15. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	group 2021 £ 1,587,651 107,103 63,461 1,758,215	group 2020 £ 1,479,587 109,129 61,080 1,649,796	company 2021 £ 1,348,972 107,103 63,461 1,519,536	company 2020 £ 1,238,597 109,129 61,080
				1,408,806

The average number of persons employed by the company during the year was as follows:

Pastoral Operational	group 2021 No. 35 75 110	group 2020 No. 51 72 123	company 2021 No. 35 49 84	company 2020 No. 51 37
				88

The average headcount expressed as full-time equivalents was:

Pastoral Operational	group 2021 No. 26 34 60	group 2020 No. 23 40 63	company 2021 No. 26 26 52	company 2020 No. 23 30
				53

No employee received remuneration amounting to more than £60,000 in either year.

This analysis includes staff from our trading activities and other charities we support such as Trent Compassion Trust.

Page 36

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

16. Key management (group and charity)

Gross remuneration Employer's national insurance Employer's pension contributions	2021 £ 113,789 12,057 6,659 132,505	2020 £ 116,300 12,500 6,600
		135,400

There are currently 3 members of staff (2020 - 3), the trustees consider to be key management; John & Debby Wright and Paul Bevan

17. Trustees' remuneration and expenses (group and charity)

During the year, one or more trustees has been paid remuneration or has received other benefits from an employment with the company. The remuneration paid is made in pursuant to an order made by the Charity Commissioners under section 105 of the Charities Act 2011. The value of trustees' remuneration and other benefits was as follows:

		2021	2020
		£	£
John Wright	Remuneration	33,704	34,800
	Pension contributions paid	1,868	1,862

Trustee and related party remuneration amounted to £107,417 (2020 - £87,700) and employer's pension contributions of £5,086 (2020 - £4,600).

Included in the above remuneration are amounts paid to John Wright, the sole trustee to receive a salary and contributions towards a pension scheme from the charity.

The balance of the remuneration in 2021 and 2020 was paid to family members of the trustees John Wright, Sam Dunlop and Paul Bryce who were employed in their own right.

Trustees or their family members were reimbursed for expenses incurred during the year in pursuit of various activities of the church. 5 trustees or related family members received expense reimbursements in the year (2020 - 5). Expenses reimbursed to trustees or related family members amounted to £2,147 (2020 - £3,200).

A remuneration committee makes recommendations to the trustees for the salary scales for all staff, and for specific salaries on those scales for senior staff. The trustees consider the recommendations for any individuals in their absence.

During the year ended 30 June 2021, no trustee expenses have been incurred (2020 - £3,200).

Page 37

TRENT VINEYARD

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

18. Tangible fixed assets

group

Cost or valuation At 1 July 2020 Additions Disposals At 30 June 2021 Depreciation At 1 July 2020 Charge for the year On disposals Transfers between classes At 30 June 2021 Net book value At 30 June 2021 At 30 June 2020	Freehold property £ 5,447,920 - - 5,447,920 591,471 94,169 - - 685,640 4,762,280 4,856,449	Long-term leasehold property £ 4,340,601 - - 4,340,601 1,503,545 110,288 - (629) 1,613,204 2,727,397 2,837,056	Office equipment £ 178,302 16,996 (65,293) 130,005 154,055 21,264 (65,293) - 110,026 19,979 24,247	Other fixed assets £ 1,062,625 210,742 (160,520) 1,112,847 853,346 184,778 (160,520) - 877,604 235,243 209,279	Total £ 11,029,448 227,738 (225,813) 11,031,373 3,102,417 410,499 (225,813) (629) 3,286,474 7,744,899 7,927,031

Included within freehold property is freehold land at a cost of £3,122,000 (2020: £3,122,000), which is not depreciated.

The long leasehold property above is held on a 999-year lease. Within both the long leasehold and the freehold property only the building element is depreciated.

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

18. Tangible fixed assets (continued)

company

Cost or valuation At 1 July 2020 Additions Disposals At 30 June 2021 Depreciation At 1 July 2020 Charge for the year On disposals Transfers between classes At 30 June 2021 Net book value At 30 June 2021 At 30 June 2020	Freehold property £ 5,402,645 - - 5,402,645 569,864 89,642 - - 659,506 4,743,139 4,832,781	Long-term leasehold property £ 4,340,601 - - 4,340,601 1,503,545 110,288 - (629) 1,613,204 2,727,397 2,837,056	Office equipment £ 147,624 12,555 (53,316) 106,863 123,864 21,264 (53,316) - 91,812 15,051 23,760	Other fixed assets £ 1,011,422 199,061 (152,130) 1,058,353 807,695 176,539 (152,130) - 832,104 226,249 203,727	Total £ 10,902,292 211,616 (205,446) 10,908,462 3,004,968 397,733 (205,446) (629) 3,196,626 7,711,836 7,897,324

Included within freehold property is freehold land at a cost of £3,122,000 (2020: £3,122,000), which is not depreciated.

The long leasehold property above is held on a 999-year lease. Within both the long leasehold and the freehold property only the building element is depreciated.

The mortgage and treasury loan are secured with a fixed and floating charge on the long leasehold church property which has a net book value of £2,822,823 at 30 June 2021 (2020 - £2,837,056).

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

19. Fixed asset investments

company Cost or valuation At 30 June 2021 Net book value At 30 June 2021 At 30 June 2020 TV Conferencing Limited:	Subsidiary company £
	1
	1
	1

The charity holds 1 share worth £1 in its wholly owned trading subsidiary TV Conferencing Limited (company number: 10076796, registered office: Trent Vineyard, Unit 1 Easter Park, Lenton Lane, NG7 2PX) which is incorporated in the UK. This is the only share allotted, called up and fully paid. The activites and results of this company are summarised in note 12.

Trent Compassion Trust:

The charity holds the wholly owned charitable subsidiary Trent Compassion Trust (company number: 04339357, registered office: Trent Vineyard, Unit 1 Easter Park, Lenton Lane, NG7 2PX) which is incorporated in the UK. The activites and results of this company are summarised in note 13.

20. Stocks

	group	group
	2021	2020
	£	£
Finished goods and goods for resale	5,345	5,599

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

21. Debtors

Due within one year Trade debtors Amounts owed by group undertakings - concessionary loans Amounts owed by participating interests Other debtors Prepayments and accrued income Tax recoverable	group 2021 £ 14,106 - 612 5,369 5,212 89,850 115,149	group 2020 £ 55,474 - 1,637 4,718 3,275 168,348 233,452	company 2021 £ 830 161,028 612 2,602 5,212 89,850 260,133	company 2020 £ 5,883 582,903 1,637 4,450 3,275 168,348
				766,496

22.

Creditors: Amounts falling due within one year

Bank overdrafts Bank loans Concessionary loans Trade creditors Corporation tax Other taxation and social security Other creditors Accruals and deferred income	group 2021 £ 3,578 89,572 25,000 16,967 - 25,405 17,676 30,969 209,167	group 2020 £ - 109,061 25,000 30,980 16,006 27,991 24,145 45,161 278,344	company 2021 £ - 89,572 25,000 14,277 - 25,405 13,524 25,765 193,543	company 2020 £ - 109,061 25,000 29,182 - 27,991 22,859 42,171
				256,264

Details of the security given on the bank loans is detailed in note 23.

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

23. Creditors: Amounts falling due after more than one year

Bank loans Concessionary loans	group 2021 £ 1,254,770 50,000 1,304,770	group 2020 £ 1,324,853 65,000 1,389,853	company 2021 £ 1,254,770 50,000 1,304,770	company 2020 £ 1,324,853 65,000
				1,389,853

Interest on bank loans during the year amounted to £31,665 (2020 - £36,500).

Included within the above are amounts falling due as follows:

Between one and two years Concessionary loans Between two and five years Bank loans Over five years Bank loans		group 2021 £ 50,000 311,934 942,836		group 2020 £ 65,000 321,153 1,003,700	company 2021 £ 50,000 311,934 942,836	company 2020 £ 65,000
						321,153
						1,003,700

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

	group	group	company	company
	2021	2020	2021	2020
	£	£	£	£
Payable or repayable by instalments	942,836	1,003,700	942,836	1,003,700

The borrowings are in the form of bank mortgages, bank treasury loans and consessionary loans.

The loans below represents the aggregate amount of secured liabilities; there is no security provided against the consessionary loan. Secured loans represent 18% (2020: 19%) of the net book value of the properties owned at the year end. The amount secured is on all monies due to or to become due from the charity to the bank on any account whatsoever.

The mortgage and treasury loan are secured with a fixed and floating charge on the long leasehold church property and by a cross guarantee with TV Conferencing Limited, the wholly owned trading subsidiary.

The individual loans have the following terms:

Mortgage 1 at 1.312% over Bank of England base rate (0.75% at year end), repayable by 2033.

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

23. Creditors: Amounts falling due after more than one year (continued)

Mortgage 2 at 2.193% over Bank of England base rate (0.75% at year end), repayable by 2039.

Mortgage 2 fixed at 2.193% for 10 years, to be renegotiated by 2029.

Consessionary loan; no interest charged.

24. Financial instruments

Financial assets Financial assets measured at fair value through income and expenditure Financial assets measured at amortised cost Financial liabilities Financial liabilities measured at amortised cost	group 2021 £ 1,680,151 14,106 1,694,257 group 2021 £ 1,390,952	group 2020 £ 1,419,821 55,474 1,475,295 group 2020 £ 1,507,015	company 2021 £ 1,422,660 830 1,423,490 company 2021 £ 1,384,384	company 2020 £ 702,734 5,883
				708,617
				company 2020 £ 1,505,667

Financial assets measured at fair value through income and expenditure comprise bank and cash balances.

Financial assets measured at amortised cost comprise trade debtors.

Financial liabilities measured at amortised cost comprise trade creditors accruals, bank loans and overdrafts .

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

25. Statement of funds

Statement of funds - current year

Unrestricted funds General Funds Trent Compassion Trust TV Conferencing Limited Restricted funds Build Project Fund Build SAF Fund Other restricted funds Trent Compassion Trust Total of funds	Balance at 1 July 2020 £ 1,186,542 54,019 70,118 1,310,679 6,392,978 108,980 31,938 73,131 6,607,027 7,917,706	Income £ 2,692,921 14,209 189,191 2,896,321 98,432 27,763 26,876 166,721 319,792 3,216,113	Expenditure £ (2,278,258) (16,771) (250,269) (2,545,298) (259,168) (81,705) (40,982) (175,059) (556,914) (3,102,212)	Transfers in/out £ (87,509) - - (87,509) 77,509 - - 10,000 87,509 -	Balance at 30 June 2021 £ 1,513,696 51,457 9,040
					1,574,193
					6,309,751 55,038 17,832 74,793
					6,457,414
					8,031,607

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

25. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds General Funds Trent Compassion Trust TV Conferencing Limited Restricted funds Building Project Fund Build SAF Fund Other restricted funds Trent Compassion Trust Total of funds	Balance at 1 July 2019 £ 827,391 58,684 215,224 1,101,299 6,481,769 95,843 14,579 74,889 6,667,080 7,768,379	Income £ 2,675,220 19,815 650,583 3,345,618 138,245 38,992 31,768 36,495 245,500 3,591,118	Expenditure £ (2,239,787) (24,480) (795,689) (3,059,956) (303,318) (25,855) (14,409) (38,253) (381,835) (3,441,791)	Transfers in/out £ (76,282) - - (76,282) 76,282 - - - 76,282 -	Balance at 30 June 2020 £ 1,186,542 54,019 70,118
					1,310,679
					6,392,978 108,980 31,938 73,131
					6,607,027
					7,917,706

Page 45

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

26. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2021 £ Tangible fixed assets 304,351 Current assets 1,614,437 Creditors due within one year (94,595) Creditors due in more than one year (250,000) Total 1,574,193	Restricted funds 2021 £ 7,440,547 186,209 (114,572) (1,054,770) 6,457,414	Total funds 2021 £ 7,744,898 1,800,646 (209,167) (1,304,770) 8,031,607

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Unrestricted funds 2020 £ 151,111 1,303,851 (144,283) - 1,310,679	Restricted funds 2020 £ 7,775,920 355,021 (134,061) (1,389,853) 6,607,027	Total funds 2020 £ 7,927,031 1,658,872 (278,344) (1,389,853) 7,917,706

Page 46

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

27. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Dividends, interests and rents from investments Loss/(profit) on the sale of fixed assets Decrease in stocks Decrease in debtors Decrease in creditors Bank interest Corporation tax Net cash provided by operating activities 28. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents	group 2021 £ 113,901 410,499 (355) (629) 254 118,303 (33,682) 31,665 (16,006) 623,950 group 2021 £ 1,680,151 1,680,151	group 2020 £ 149,289 485,800 (1,414) - - 26,239 (7,734) 36,500 16,006 704,686 group 2020 £ 1,419,821 1,419,821

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

29. Analysis of changes in net debt

Cash at bank and in hand Bank overdrafts repayable on demand Debt due within 1 year Debt due after 1 year	At 1 July 2020 £ 1,419,821 - (134,061) (1,389,853) (104,093)	Cash flows £ 260,330 (3,578) 19,489 85,083 361,324	At 30 June 2021 £ 1,680,151 (3,578) (114,572) (1,304,770)
			257,231

30. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £63,461 (2020: £61,080). Contributions totalling £12,900 (2020: £19,400) were payable to the fund at the balance sheet date and are included in creditors.

31. Operating lease commitments

At 30 June 2021 the group and the company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:

Not later than 1 year Later than 1 year and not later than 5 years	group 2021 £ 11,111 10,994 22,105	group 2020 £ 11,903 22,105 34,008	company 2021 £ 11,111 10,994 22,105	company 2020 £ 11,903 22,105
				34,008

32. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

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TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

33. Related party transactions

Vineyard Churches UK and Ireland - charity number 1099748 - their board shares two trustees with Trent Vineyard - amount owing Vineyard Churches UK and Ireland - charity number 1099748 - their board shares two trustees with Trent Vineyard - amount paid John and Debbie Wright - amount paid	2021 £ 612 - - 612	2021 £ - 146,900 300 147,200	2020 £ 1,636 123,200 700
			125,536

There are no further related party transactions to disclose.

34. Controlling party

There is no ultimate controlling party.

35. Subsidiaries

TV Conferencing Limited:

The charity holds 1 share worth £1 in its wholly owned trading subsidiary TV Conferencing Limited (company number: 10076796, registered office: Trent Vineyard, Unit 1 Easter Park, Lenton Lane, NG7 2PX) which is incorporated in the UK. This is the only share allotted, called up and fully paid. The activites and results of this company are summarised in note 12,

Trent Compassion Trust

The charity holds the wholly owned charitable subsidiary Trent Compassion Trust (company number: 04339357, registered office: Trent Vineyard, Unit 1 Easter Park, Lenton Lane, NG7 2PX) which is incorporated in the UK. The activites and results of this company are summarised in note 13.

36. Funds transfers

Our mortgage was taken out to fund part of our building, the cost and depreciation of which are classified as part of our restricted reserves. We pay down our mortgage each year with cash from our general reserves so at the end of each year we transfer the value of the down payment out of general reserves and into our restricted reserves, £77,509 (2020 - £76,282). The other transfer in the year of £10,000 (2020 - £nil) is a transfer between Trent Vineyard and Trent Compassion Trust.

Page 49

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2021

Income Donations Charitable activities Other trading activities Investment income Other income Less: Objective 1 - Furthering the Gospel Pastoral and ministry salaries Operational salaries Ministry costs Charitable donations Buildings Administration Other costs Objective 2 - Building up the Faith Pastoral and ministry salaries Operational salaries Ministry costs Charitable donations Buildings Administration Other costs	2021 2021 £ £ 2,846,330 184,157 184,643 355 628 3,216,113 383,197 187,375 33,227 66,831 183,161 85,797 62,244 1,001,832 383,197 187,375 71,037 54,439 183,161 85,797 28,552 993,558	2020 2020 £ £ 2,624,648 102,395 641,188 1,414 - 3,369,645 362,473 186,095 45,179 67,041 167,785 83,786 - 912,359 362,473 186,095 133,562 54,464 167,785 83,785 5,738 993,902

Page 50

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2021

Objective 3 - Showing Compassion Pastoral and ministry salaries Operational salaries Ministry costs Charitable donations Buildings Administration Other costs Other costs Total expenditure Net income for the reporting period Surplus for the reporting period Surplus brought forward at 1 July 2020 Surplus carried forward at 30 June 2021	2021 £ 184,214 131,669 119,420 90,091 110,282 60,289 161,792	2021 £ 857,757 249,065 3,102,212 113,901 113,901 7,917,706 8,031,607	2020 £ 178,011 130,770 138,470 73,901 117,903 58,876 32,516	2020 £
				730,447
				583,648
				3,220,356
				149,289
				149,289 7,768,417
				7,917,706

Page 51