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2022-06-30-accounts

Registered number: 3018774 Charity number: 1044369

TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

TRENT VINEYARD TRENT VINEYARD
(a company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the company, its trustees and advisers 1
Trustees' report 2 - 18
Trustees' responsibilities statement 19
Independent auditor's report on the financial statements 20 - 23
Consolidated statement of financial activities 24
Consolidated balance sheet 25
Company balance sheet 26
Consolidated statement of cash flows 27
Notes to the financial statements 28 - 52
The following page does not form part of the statutory financial statements:
Consolidated detailed income and expenditure account 53 - 54

TRENT VINEYARD (a company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2022

Trustees John Wright, also employed as senior pastor
Paul Bryce
Clive Sillito
Paul Tomkins
Samuel Dunlop
Michael Yanney
Jessica Woodliffe (appointed 7 February 2022)
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
Statutory Auditor
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

Page 1

TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2022

The trustees present their annual report together with the audited financial statements of the company for the year from 1 July 2021 to 30 June 2022. 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 through Trent Compassion Trust. Our broad aims continue to be the following:

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

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 recover from the pandemic, 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, as in 2020-21 our trading activities have been reduced throughout the year, when compared to pre-pandemic levels. Despite these challenges, we have continued to see a full and active year.

We have continued to broadcast church online alongside in-person church services on Sundays and returning to three services in February 2022.

Having transitioned to church online earlier in the pandemic we saw numbers attending services online and later online and in-person increase overall attendance significantly. This year 2021-22 has seen the average attendance figure return to 2,255 attending online and in-person from 2,879 in the prior year. The majority of the change comes from a reduction in numbers of on-line attendees. When in-person attendees are compared with 2019-20 average attendance is returning to a ‘normalised’ level.

We were delighted to celebrate the church’s 25[th] birthday in September 2021 sharing stories from church members and hearing about the amazing things Jesus has been doing in the life of the church over that time.

Over 2,100 people attended one of our five in person Carol Services in December 2021 with a further 1,250 plus joining online. We also held a family service where adults, children and youth join together for the service at Easter. Through the summer of 2021 online content for our children and youth was created and accessible via a number of platforms and from September in-person meetings for Trent Kids and Trent Youth re-started.

At the Carol services we invited people to give financially to support the Love Christmas initiative which allowed the team at Trent Compassion Trust to prepare 3,500 of gift boxes for members of the wider community who would otherwise not have had a gift to give or receive at Christmas. We raised over £8,600 which we match funded so were able to gift over £17,000 towards the project.

We hosted a number of alpha courses in-person, where people are invited to explore Christianity and what it means to follow Jesus. We saw over 75 people attend sessions from these courses.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

As in 2021, 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 county and nation. This year Bow Down went ahead in Market Square in Nottingham and across the nation inperson and online with an open invitation to other churches to participate.

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 who have had little or no previous interaction with church.

As COVID restrictions lifted we were overjoyed to celebrate 3 baptism services baptising a total of 59 people across these services. We were also able to continue with our outreach to the wider Nottingham community via our Street ministry, through which we shared the Gospel with just under 500 people with 41 people praying with us to invite Jesus into their lives. We were also able to connect with over 150 people at our Newcomers meals where people thinking of joining the church are able to hear about the story of Trent Vineyard and what God is doing through the church.

Through our Small Groups which meet during the mid-week online and in-person, we have been able to support

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

and bless local people in numerous ways, including helping clear and make good a garden which was in need of restoration. Small groups have continued to support neighbours by getting shopping and essential items, including prescriptions, for those who were shielding or self-isolating.

Small Groups have joined in the church-wide initiatives such as Love Key workers (February 2022) and Love Christmas (December 2021) where items were collected to make gift packages or presents for families for Christmas and Key workers to communicate our thanks and God’s love for Key workers for all their work through the pandemic. One small group member reflected “Being able to collaborate with other small groups on a community outreach project was such a blessing as it not only meant our contribution could stretch further, but we were able to build new friendships and worship God together”.

The Student and Young Adults continued to engage with the wider student community at Nottingham and Nottingham Trent Universities with home-made give-aways also blessing the city of Nottingham by doing a litter pick. They also ran numerous events for students and young adults through the year, to which there is always an encouragement to invite people making their first steps with faith.

Other exciting stuff we have been up to includes:

"Healing on the streets; starting conversations about faith; giving refreshments 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."

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

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

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 2022

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 and our hybrid model of Church online and in person, we started the year with two services and were able to reintroduce three services in spring 2022 (two morning and one evening service), due to overall demand, especially for Trent Kids groups.

For the first part of the year, in-line with COVID regulations, 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. Whilst there were some in-person meetings from July-August, meetings resumed in a more ‘normal’ form from September 2021. We were able to host a party for Trent Youth in December 2021 with over 190 youth attending the event. In February we were able to host the Dreaming The Impossible road trip event at Trent, to which hundreds of youth from churches in the region attended including over 120 from Trent Youth.

Trent Kids saw numbers attending on Sunday mornings grow through the autumn term from over 160 to in excess of 220 on average per week. Once two morning services resumed in February 2022 attendance jumped again to near 300 across the two services on average. We were also able to host more mid-week in person events for Kids including the Shine party in October with 210 attendees, a Digital Easter-egg hunt and a family carol service in December 2021.

We were delighted to 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, which was able to continue having re-started in the spring of 2021. The team were able to organise prayer walks and outreach events such as ‘Jesus at the door’, along with gatherings such as the Pizza evening, Student Alpha and Graduation Celebration, alongside leaders’ events and in-person prayer and worship events and the student weekend away in February 2022.

People invited to join one of our many small groups that meet mid-week, usually in people’s homes with a few held at our site. We currently have around 102 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 were able to take place in-person allowing for relational connection and encouraging each other in faith.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

Leaders meetings were able to return to in-person gatherings and we were delighted to gather three times over the year, including for a leaders day in May 2022. These meetings are designed to equip and support volunteers who help us to carry the pastoral and leadership responsibilities within the church.

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 Leaders Gathering, aimed at those leading churches and ministries in the Vineyard and Dreaming the Impossible aimed at teenagers, which were again hosted 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

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

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 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.

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 1,520 people from over 54 nationalities providing furniture, food and clothing and care for in community groups. Around 15% of these people were refugees.

Having launched the ‘Step Forward’ programme in 2021, the team continued to support clients via Step Forward Money Advice, Step Forward Employability (supporting over 100 clients this year) 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.

Having pivoted during Covid-19 becoming a distribution centre for the food banks within the city handling consumables and donations, the demand for food in the city has continued, so we have continued to dedicate a portion of the warehouse to food storage and distribution, while returning to pre-pandemic in person activities.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

Over the year, we were able to prepare around 5000 gifts to all prisoners at two HMP prisons in the Nottingham area, also serving over 1,000 hot drinks and snack bags through the year.

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 do not 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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3
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2
1
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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

Statistics

Financial statistics

Voluntary Income (General Funds):

Voluntary income decreased by 10% in the financial year 2021-22 compared to 2020-21. This was driven by a decrease in large one-off gifts and consequently a lower gift aid claim. However, encouragingly, regular Giving grew by 2% in 2021-22 compared to 2020-21 with many church members continuing to join us in giving online.

Trading Surplus (General Funds):

We were pleased to find that Trading had a faster than expected recovery from the loss experienced during the challenging COVID period, generating a modest profit. This year the profit will be held within TV Conferencing accounts, in order to build a level of reserves, which we believe is prudent in light of the COVID period.

Both the conferencing and coffee shop saw a recovery ahead of forecast for the period and we see signs of continued growth, despite the cost of living crisis.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

Charitable Expenditure (General Funds)

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

----- Start of picture text -----
Admin
13%
Facility costs
7%
Pastoral staff
Donations to 37% 2022 TOTAL
charities
£2,193k
8%
Ministry Cost
13%
Operational staff
22%
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10%
10%
6% 2020 TOTAL 2021 TOTAL
7%
8% 40% £2,256k 39% £2,219k
8%
14%
14%
22% 22%
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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objectives and activities (continued)

Church statistics

Sunday Attendance (Yearly Average):

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2750
2500
2250
2000
1750
1500
1250
1000
750
500
250
0
2018-19 2019-20 2020-21 2021-22
AM Adults PM Adults Young people
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Average adult attendance has levelled off this year as the numbers joining online slowed from the high levels seen during the pandemic, when in-person services were either not possible or heavily reduced with social distancing requirements. We have seen a significant growth in our evening service as those who joined online in the morning earlier in the pandemic were able to meet in-person again. Encouragingly, overall main church attendance has increased significantly when compared to pre-pandemic levels.

Our kids & young people attendance has increased by 4% over this last year, mostly due to returning to inperson meetings and increasing morning services from one to two again to meet the demand for Trent Kids attendance.

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 recovered significantly following the lifting of COVID restrictions with greater opportunities for voluntary hours both in support of Sunday, mid-week activities and in our compassion projects. We have been encouraged to see existing and new members getting back involved to help meet the need within our community.

Active volunteers - 1,050

Total volunteer hours - 110,000

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

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 face the postpandemic and cost-of-living realities.

Our major source of general income (donations from individuals) is really healthy but unfortunately this has not covered the rise in costs we have faced over the year.

For details of our main charitable objectives and our continued performance against them see pages 2 to 10 above.

Our trading activities, conferencing and the coffee shop, have performed well, considering the scenarios faced, returning a level of profitability to the business.

b. Fundraising activities and income generation

Trent Vineyard is very careful and sensitive in how we raise funds. We do not solicit donations on the street or via phone calls. 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.

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

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.

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:

Our review has estimated this target level is £500,000 for the group, we hold enough in our general funds to cover this.

The reserves held as at 30 June 2022 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:

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

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.

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 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 2022

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 continuing re building as we navigate through the post-pandemic and cost of living crisis, 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 staff time to achieve this.

With the recovery in in-person attendance continuing we will carry-on with the third service on a Sunday so we provide space for those who want to start coming to church as well as those already part of the church.

We anticipate that our trading activities will return towards the pre-pandemic level, but again with the cost of living crisis cannot be sure the level to which demand could be impacted.

Our compassion ministries will be one area where we do foresee high demand as we look to meet the need now especially with the impact of the cost of living crisis on personal finances. As ever, this will be not just a practical assistance but also spiritually as we see disciples grow and mature.

Members' liability

The Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up.

Disclosure of information to auditor

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

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TRENT VINEYARD (a company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

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 13 March 2023 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 2022

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 . 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:

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 2022 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:

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

Page 20

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:

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:

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 21

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:

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

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 22

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 Statutory Auditor Chartered Accountants

20 March 2023

Page 23

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2022

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
2022
£
2,278,717
152,944
564,573
596
-
2,996,830
410,961
2,472,208
2,883,169
113,661
21,992
135,653
1,574,193
135,653
1,709,846		 Restricted
funds
2022
£
266,119
-
-
-
-
266,119
-
585,850
585,850
(319,731)
(21,992)
(341,723)
6,457,414
(341,723)
6,115,691		 Total
funds
2022
£
2,544,836
152,944
564,573
596
-
3,262,949
410,961
3,058,058
3,469,019
(206,070)
-
(206,070)
8,031,607
(206,070)
7,825,537		 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

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

The notes on pages 28 to 52 form part of these financial statements.

Page 24

TRENT VINEYARD

(a company limited by guarantee) REGISTERED NUMBER: 3018774

CONSOLIDATED BALANCE SHEET AS AT 30 JUNE 2022

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		 2022
£
6,117
273,246
1,628,836
1,908,199
(444,540)		 2022
£
7,525,769
1,463,659
8,989,428
(1,163,891)
7,825,537
6,115,691
1,709,846
7,825,537		 2021
£
5,346
115,121
1,680,151
1,800,618
(209,139)		 2021
£
7,744,898
1,591,479
9,336,377
(1,304,770)
8,031,607
6,457,414
1,574,193
8,031,607

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 13 March 2023 and signed on their behalf by:

Samuel Dunlop (Trustee)

Clive Sillito

(Trustee)

The notes on pages 28 to 52 form part of these financial statements.

Page 25

(a company limited by guarantee) REGISTERED NUMBER: 3018774

TRENT VINEYARD

COMPANY BALANCE SHEET AS AT 30 JUNE 2022

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		 592,021
1,036,160
1,628,181
(329,763)		 2022
£
7,472,326
1
7,472,327
1,298,418
8,770,745
(1,163,891)
7,606,854
6,025,316
1,581,538
7,606,854		 260,106
1,422,660
1,682,766
(193,515)		 2021
£
7,711,836
1
7,711,837
1,489,251
9,201,088
(1,304,770)
7,896,318
6,382,622
1,513,696
7,896,318

The company's net movement in funds for the year was £(289,464) (2021 - £175,879).

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 13 March 2023 and signed on their behalf by:

Samuel Dunlop

(Trustee)

Clive Sillito (Trustee)

The notes on pages 28 to 52 form part of these financial statements.

Page 26

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2022

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
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		 2022
£
246,294
596
(124,340)
(30,061)
(153,805)
(143,804)
(143,804)
(51,315)
1,680,151
1,628,836		 2021
£
623,950
355
(227,738)
(31,665)
(259,048)
(104,572)
(104,572)
260,330
1,419,821
1,680,151

The notes on pages 28 to 52 form part of these financial statements

Page 27

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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.

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 28

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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 29

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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% on a straight line basis
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 30

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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 31

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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 32

(a company limited by guarantee)

TRENT VINEYARD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

4. Income from donations and legacies

Unrestricted
funds
2022
Restricted
funds
2022
£
£
Donations
2,278,717
266,119
Total 2021
2,526,538
319,792
5.
Income from charitable activities
Unrestricted
funds
2022
£
Other charitable activities
152,944
Total 2021
184,157
6.
Income from other trading activities
Income from non charitable trading activities
Unrestricted
funds
2022
£
Trading income - TV Conferencing Limited
564,573
Total 2021
184,643		 Total
funds
2022
£
2,544,836
2,846,330
Total
funds
2022
£
152,944
184,157
Total
funds
2022
£
564,573
184,643		 Total
funds
2021
£
2,846,330
Total
funds
2021
£
184,157
Total
funds
2021
£
184,643

Page 33

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

7. Investment income

Bank interest
Total 2021
Other incoming resources

Profit on sale of fixed assets
Total 2021		 Unrestricted
funds
2022
£
596
355
Unrestricted
funds
2022
£
-
628		 Total
funds
2022
£
596
355
Total
funds
2022
£
-
628		 Total
funds
2021
£
355
Total
funds
2021
£
628

8. Other incoming resources

Page 34

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

9. Expenditure on raising funds

Other trading expenses

Unrestricted
funds
2022
£
Other costs
210,234
Wages and salaries
191,960
Depreciation
8,767
410,961
Total 2021
187,703		 Total
funds
2022
£
210,234
191,960
8,767
410,961
187,703		 Total
funds
2021
£
8,608
174,786
4,309
187,703

10. Analysis of expenditure on charitable activities

Summary by expense type

Unrestricted
funds
2022
£
Other costs
922,265
Wages and salaries
1,422,298
Depreciation
127,645
2,472,208
Total 2021
2,357,595		 Restricted
funds
2022
£
180,164
198,629
207,057
585,850
556,914		 Total
2022
£
1,102,429
1,620,927
334,702
3,058,058
2,914,509		 Total
2021
£
924,890
1,583,429
406,190
2,914,509

Page 35

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

11. Auditor's remuneration

Auditor's remuneration
2022 2021
£ £
Fees payable to the company's auditor for the audit of the company's
annual accounts 14,589 14,589
Fees payable to the company's auditor in respect of:
All non-audit services not included above 8,318 4,731

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		 2022
£
113,124
455,461
10,358
3,202
(51,655)
(191,960)
(95,199)
(47,136)
(98,300)
(16,808)
(12,751)
-
68,336		 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)

The assets and liabilities of the company were:

Fixed assets - £22,704 (2021 - £9,239) Current assets - £460,430 (2021 - £129,353) Current liabilities - £405,758 (2021 - £129,552) Net assets - £77,376 (2021 - £9,040)

Page 36

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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
Surplus/deficit for the year		 2022
£
423,588
(408,530)
15,058		 2021
£
304,416
(305,316)
(900)

The assets and liabilities of the charity were:

Fixed assets - £30,739 (2021 - £23,825) Current assets - £285,801 (2021 - £149,527) Current liabilities - £175,232 (2021 - £47,102) Net assets - £141,308 (2021 - £126,250)

Page 37

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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
Little John's House - company or charity registration number - 1156332
222 Ministries - company or charity registration number - 1147791
Other small donations to charities and organisations
Trent Compassion Trust - company or charity registration number -
1091918
Open homes - company or charity registration number - 1110176
Children's Book Scheme - NCC *
Homes for Good - company or charity registration number - 1158707
Citizens UK - company or charity registration number - 1107264		 2022
£
137,600
9,600
10,000
9,200
50,000
2,500
4,000
5,000
5,000
3,300
46,200
300
-
-
2,400
285,100		 2021
£
146,900
24,900
32,500
10,900
35,000
2,300
-
-
-
9,700
-
500
5,000
15,000
400
283,100

Notes:

The number of individuals we provided grants and small gifts to in the year was 9 (2021 - 3).

The number of other small gifts to charities and organisations we supported in the year was 12 (2021 - 23).

Page 38

TRENT VINEYARD

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

15. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension
schemes		 Group
2022
£
1,623,042
120,084
69,761
1,812,887		 Group
2021
£
1,587,651
107,103
63,461
1,758,215		 Company
2022
£
1,369,734
120,084
69,761
1,559,579		 Company
2021
£
1,348,972
107,103
63,461
1,519,536

A total of £13,984 (2021 - £nil) was paid in respect of redundancy costs during the year.

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

Pastoral
Operational		 Group
2022
No.
32
67
99		 Group
2021
No.
35
75
110		 Company
2022
No.
32
43
75		 Company
2021
No.
35
48
83

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.

16. Key management (group and charity)

Gross remuneration
Employer's national insurance
Employer's pension contributions		 2022
£
117,865
12,872
6,756
137,493		 2021
£
113,789
12,057
6,659
132,505

There are currently 3 members of staff (2021 - 3), the trustees consider to be key management; John & Debby Wright and Paul Bevan.

Page 39

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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:

2022 2021
£ £
John Wright Remuneration 35,937 33,704
Pension contributions paid 1,895 1,868

Trustee and related party remuneration amounted to £113,129 (2021 - 107,417) and employer's pension contributions of £5,625 (2021 - £5,086).

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 2022 and 2021 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 (2021 - 3). Expenses reimbursed to trustees or related family members amounted to £7,209 (2021 - £2,147).

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, retirement benefits were accruing to 1 trustees (2021 - 1) in respect of defined contribution pension schemes.

During the year ended 30 June 2022, expenses totalling £6,657 were reimbursed or paid directly to 4 trustees (2021 - £1,466 to 3 trustees). Trustees were reimbursed for expenses incurred during the year in pursuit of various activities of the church.

Page 40

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

18. Tangible fixed assets

Group

Cost or valuation
At 1 July 2021
Additions
Disposals
At 30 June 2022
Depreciation
At 1 July 2021
Charge for the year
On disposals
At 30 June 2022
Net book value
At 30 June 2022
At 30 June 2021		 Freehold
property
£
5,447,920
12,794
-
5,460,714
685,640
95,907
-
781,547
4,679,167
4,762,280		 Long-term
leasehold
property
£
4,340,601
-
-
4,340,601
1,613,204
108,618
-
1,721,822
2,618,779
2,727,397		 Office
equipment
£
132,061
19,699
(44,625)
107,135
109,986
12,242
(44,625)
77,603
29,532
22,075		 Other fixed
assets
£
1,110,791
91,847
(67,359)
1,135,279
877,645
126,702
(67,359)
936,988
198,291
233,146		 Total
£
11,031,373
124,340
(111,984)
11,043,729
3,286,475
343,469
(111,984)
3,517,960
7,525,769
7,744,898

Included within freehold property is freehold land at a cost of £3,122,000 (2021: £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.

Page 41

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

18. Tangible fixed assets (continued)

Company

Cost or valuation
At 1 July 2021
Additions
Disposals
At 30 June 2022
Depreciation
At 1 July 2021
Charge for the year
On disposals
At 30 June 2022
Net book value
At 30 June 2022
At 30 June 2021		 Freehold
property
£
5,402,645
-
-
5,402,645
659,506
90,019
-
749,525
4,653,120
4,743,139		 Long-term
leasehold
property
£
4,340,601
-
-
4,340,601
1,613,204
108,618
-
1,721,822
2,618,779
2,727,397		 Office
equipment
£
106,864
19,699
(44,625)
81,938
89,292
12,139
(44,625)
56,806
25,132
17,572		 Other fixed
assets
£
1,058,353
66,038
(67,359)
1,057,032
834,625
114,471
(67,359)
881,737
175,295
223,728		 Total
£
10,908,463
85,737
(111,984)
10,882,216
3,196,627
325,247
(111,984)
3,409,890
7,472,326
7,711,836

Included within freehold property is freehold land at a cost of £3,122,000 (2021: £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 £2,618,779 at 30 June 2022 (2021 - £2,727,397).

Page 42

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

19. Fixed asset investments

company
Cost or valuation
At 1 July 2021
At 30 June 2022
Net book value
At 30 June 2022
At 30 June 2021		 Investments
in
subsidiary
companies
£
1
1
1
1

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.

20. Stocks

Group Group
2022 2021
£ £
Finished goods and goods for resale 6,117 5,346

Page 43

TRENT VINEYARD

(a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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
2022
£
161,369
-
287
3,795
13,795
94,000
273,246		 Group
2021
£
14,106
-
653
5,300
5,212
89,850
115,121		 Company
2022
£
18,736
466,096
287
2,250
10,652
94,000
592,021		 Company
2021
£
830
161,028
653
2,533
5,212
89,850
260,106

22.

Creditors: Amounts falling due within one year

Bank overdrafts
Bank loans
Other loans
Trade creditors
Amounts owed to other participating interests
Corporation tax
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 July 2021
Resources deferred during the year
Amounts released from previous periods		 Group
2022
£
-
90,225
25,000
51,229
3,742
12,753
78,334
13,474
169,783
444,540		 Group
2021
£
3,578
89,572
25,000
21,119
41
-
25,336
13,524
30,969
209,139		 Company
2022
£
-
90,225
25,000
35,563
3,742
-
78,451
13,474
83,308
329,763
Group
2022
£
4,904
84,375
(4,904)
84,375		 Company
2021
£
-
89,572
25,000
14,277
41
-
25,336
13,524
25,765
193,515
Group
2021
£
-
4,904
-
4,904

Page 44

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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

Bank loans
Concessionary loans		 Group
2022
£
1,163,891
-
1,163,891		 Group
2021
£
1,254,770
50,000
1,304,770		 Company
2022
£
1,163,891
-
1,163,891		 Company
2021
£
1,254,770
50,000
1,304,770

Interest on bank loans during the year amounted to £30,061 (2021 - £31,665).

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
2022
£
-
289,951
873,940		 Group
2021
£
50,000
311,934
942,836		 Company
2022
£
-
289,951
873,940		 Company
2021
£
50,000
311,934
942,836

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
2022 2021 2022 2021
£ £ £ £
Payable or repayable by instalments 873,915 942,836 873,915 942,836

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 17% (2021 - 17%) 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 (1.25% at year end), repayable by 2033.

Page 45

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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

Mortgage 2 at 2.193% over Bank of England base rate (1.25% 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
2022
£
1,628,836
161,369
1,790,205
Group
2022
£
1,390,753		 Group
2021
£
1,680,151
14,106
1,694,257
Group
2021
£
1,395,104		 Company
2022
£
1,036,161
18,736
1,054,897
Company
2022
£
1,372,987		 Company
2021
£
1,422,661
830
1,423,491
Company
2021
£
1,384,384

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 overdraft.

Page 46

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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 2021
£
1,513,696
51,457
9,040
1,574,193
6,309,751
55,038
17,833
74,792
6,457,414
8,031,607		 Income
£
2,301,274
113,409
582,147
2,996,830
22,735
6,412
76,636
160,336
266,119
3,262,949		 Expenditure
£
(2,255,425)
(113,933)
(513,811)
(2,883,169)
(199,318)
(30,000)
(61,936)
(294,596)
(585,850)
(3,469,019)		 Transfers
in/out
£
21,992
-
-
21,992
(171,835)
-
-
149,843
(21,992)
-		 Balance at
30 June
2022
£
1,581,537
50,933
77,376
1,709,846
5,961,333
31,450
32,533
90,375
6,115,691
7,825,537

Page 47

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

25. Statement of funds (continued)

Statement of funds - prior 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

Page 48

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

26. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
253,870
Current assets
1,785,291
Creditors due within one year
(329,315)
Creditors due in more than one year
-
Total
1,709,846		 Restricted
funds
2022
£
7,271,899
122,908
(115,225)
(1,163,891)
6,115,691		 Total
funds
2022
£
7,525,769
1,908,199
(444,540)
(1,163,891)
7,825,537

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
2021
£
304,351
1,614,409
(94,567)
(250,000)
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
1,800,618
(209,139)
(1,304,770)
8,031,607

Page 49

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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

Net income/expenditure 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
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(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
2022
£
(206,070)
343,469
(596)
-
(771)
(158,125)
225,573
30,061
12,753
246,294
Group
2022
£
1,628,836
1,628,836		 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

Page 50

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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
2021
£
1,680,151
(3,578)
(114,572)
(1,304,770)
257,231		 Cash flows
£
(51,315)
3,578
(653)
140,879
92,489		 At 30 June
2022
£
1,628,836
-
(115,225)
(1,163,891)
349,720

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 £69,761 (2021: £63,461). Contributions totalling £12,898 (2021: £12,878) were payable to the fund at the balance sheet date and are included in creditors.

31. Operating lease commitments

At 30 June 2022 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
2022
£
10,994
-
10,994		 Group
2021
£
11,111
10,994
22,105		 Company
2022
£
10,994
-
10,994		 Company
2021
£
11,111
10,994
22,105

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.

Page 51

TRENT VINEYARD (a company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

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		 2022
£
3,455
137,600
382
141,437		 2021
£
612
146,900
262
147,774

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 ordinary share of £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. Its charity registration number is 1091918.

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. A transfer of £171,835 (2021 - £(77,509)) was made out of restricted reserves into the general reserves in order to reflect these costs. The other transfer in the year of £149,843 (2021 - £10,000) is a transfer between Trent Vineyard and Trent Compassion Trust.

Page 52

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2022

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		 2022
2022
£
£
2,544,836
152,944
564,573
596
-
3,262,949
368,345
177,505
42,742
61,562
54,259
102,097
23,060
829,570
368,345
177,505
119,073
49,802
54,259
102,097
45,154
916,235		 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

Page 53

TRENT VINEYARD (a company limited by guarantee)

CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2022

Objective 3 - Showing Compassion
Pastoral and ministry salaries
Operational salaries
Ministry costs
Charitable donations
Buildings
Administration
Other costs
Other costs
Total expenditure
Net (expenditure)/income for the reporting period
(Deficit)/Surplus for the reporting period
Surplus brought forward at 1 July 2021
Surplus carried forward at 30 June 2022		 2022
£
85,059
124,734
131,797
63,857
38,128
71,743
255,876		 2022
£
771,194
952,020
3,469,019
(206,070)
(206,070)
8,031,607
7,825,537		 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

Page 54