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2021-12-31-accounts

SW London Vineyard

Report and Accounts Year ended 31 December 2021

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

SW LONDON VINEYARD

FOR THE YEAR ENDED 31 DECEMBER 2021

CONTENTS

CONTENTS
SW LONDON VINEYARD
FOR THE YEAR ENDED 31 DECEMBER 2021
Page
Company Information 1
Message from the Chair 2
Annual Report of the Trustees and Directors
Introdution 3
Ministry review 5
Financial gifts 17
Administrative review 18
Financial review 23
Future plans 26
Independent Examiner's Report 28
Statement of Financial Activities 29
Balance Sheet 30
Cashflow Statement 31
Notes to the Accounts 32-40
Detailed Statement of Financial Activities with Comparatives 41

SW LONDON VINEYARD

FOR THE YEAR ENDED 31 DECEMBER 2021

COMPANY INFORMATION

Key staff Neil Woodward (senior leader) Catherine Woodward (senior leader) Governing Document Memorandum and Articles of Association dated February 1995 Company Registration Number 03020873 Charity Registration Number 1045257 Company Secretary Helen Kite Registered Office and Heston Court Principal Address 19 Camp Road Wimbledon London SW19 4UW Independent Examiner Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Bank of Scotland Old Broad Street London EC2N 1HZ Solicitors Pothecary Witham Weld 70 St Georges Square London SW1V 3RD Investment advisers Mazars Tower Bridge House St Katharine's Way London E1W 1DD Insurers Ansvar Insurance Co. Limited Ansvar House St. Leonards Road Eastbourne East Sussex BN21 3UR

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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MESSAGE FROM THE CHAIR

On behalf of the Board of Trustees, I am pleased to introduce the 2021 Trustees’ Annual Report for the independently examined accounts of South West London Vineyard.

The year presented us all with a number of significant challenges in the face of a global pandemic, however, South West London Vineyard found ways to quickly adapt to these changes to demonstrate God’s love in a range of creative new ways.

The impact of COVID-19 required a number of changes and adjustments be made as we adapted and continued to meet some of the need in our communities and helped church members stay connected.

Our vision has continued to be turned into action in a range of diverse ways despite the pandemic; these are outlined in the Ministry review & Administrative review below. Thanks to the on-going sacrificial giving from within our church family and beyond through the giving of time, energy and money of committed members of the church, including a significant volunteer workforce, the church has continued to serve both public benefit and kingdom impact in the lives of those across SW London.

As always, I would like to thank all those volunteers, church members, leaders, Trustees and staff whose commitment and passion for the Gospel of Jesus has impacted our local communities in realising our vision for the church over what has proved to be another most challenging year.

As ever

Neil Woodward Senior Leader & Chair of Board of Trustees/ Director

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INTRODUCTION

The Trustees of South West London Vineyard, who also act as Directors for the purposes of company law, present their report and independently examined financial statements for the year ending 31 December 2021 in accordance with the Charities Act 2011 and the Companies Act 2006.

The Trustees are satisfied, to the best of their knowledge, that these statements comply with the current statutory requirements, the church’s governing documents and are in accordance with the Charity Commission’s Statement of Recommended Practice (‘SORP’).

Objectives & Activities

The main object of South West London Vineyard is the advancement of the Christian faith.

This has been achieved primarily, although not exclusively, through:

The Trustees recognise the significant impact of the global pandemic on the life of the church over the course of the year.

The Trustees also recognise, even in the face of the pandemic, that the church is wellestablished and continues to successfully remain faithful to its calling and mandate as a local church communicating the Gospel with compassion and mercy to many individuals and families, both inside and outside the church.

The Trustees note that even in yet another difficult year, considerable volunteer time, energy & money has been given by lay-leaders and church members in achieving the on-going aims and objectives of the church.

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Public Benefit

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have regard to the Charity Commission’s general guidance on Public Benefit.

The charitable purposes of South West London Vineyard are set out in its constitution and are fulfilled by a range of projects & initiatives run through:

There are a number of projects run throughout the year for the benefit of our local communities and the alleviation of poverty. Whilst many of these have continued to be disrupted due to the on-going impact of COVID, we have endeavoured to maintain our presence and impact in the local community. These have all been made possible through the commitment of a significant number of regular volunteers both from the church and from the local community.

Public Benefit Projects have included:

Benefits Advice (in partnership with Citizen’s Advice Bureau); Christmas Presents (for women & children escaping domestic violence and those who have been trafficked); Christmas Services & Events; Community Kitchen; Financial Support (for those in immediate financial need in partnership with Acts 435); Foodbank (in partnership with Wandsworth Foodbank); Growbaby; Little Fish (a parent/carer and toddler group for pre-school aged children); Local Community Projects across the Ashburton & Alton estates; Love Christmas; Parenting courses; Refugees & Asylum Seeker Support (in partnership with Welcome Churches); and Sunday Services

Vision

We remain fully committed to the vision we believe the Lord gave us in 2011. We believe that God has called us to:

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MINISTRY REVIEW

Over the course of 2021 we have implemented the above vision in the following ways and these activities and initiatives serve and benefit both our local communities and the wider congregation.

In response to the on-going global pandemic, we have continued to adapt the ways in which we continue to serve those around us to ensure their well-being & safety. These measures have included: complying with Government Guidance; implementing working from home for staff team members; cancelling in-person services and in-person gatherings; moving services, small groups and other activities on-line; conducting appropriate risk assessments and following H&S advice and protocols from Ellis Whittam, our Health & Safety advisors.

As always, we remain committed to serving all those around us regardless of ethnicity, disability, gender, age, sexual orientation, or beliefs (including lack of religion or beliefs) in such ways that they can benefit from being part of the wider ministry of South West London Vineyard.

Acts 435

Over the course of the year, we have assisted individuals who have come to us through services at The Yard and who are in need of basic equipment or services, by utilising Acts 435. The charity operates through a website platform by matching up those who want to give, to those in need, enabling the needs to be met, whether it is a microwave so that an individual can cook the food given to them via the Foodbank or furniture for an unfurnished council flat.

Ark Putney Academy

One of the very many challenges faced by those in need during this time has been around the provision of basic essentials. To assist vulnerable families from the Ark Putney Academy, South West London Vineyard provided a range of items of furniture, including beds etc, to be given to those in need. These initiatives through the local school have been wonderful demonstrations of the impact of the local church to meet the practical needs of those from the local community.

Benefits Advice (in partnership with Citizen’s Advice Bureau)

From September, once in-person services resumed at The Yard, we continued to partner with the local Citizen’s Advice Bureau by providing space and appointments for those visiting The Yard to meet with a CAB advisor. This service has continued to prove invaluable to the local community with a number of support initiatives being offered to the most vulnerable.

Christmas Services

Once again, our Christmas services & events were disrupted & impacted by a spike in COVID cases locally in the run-up to Christmas. However, whilst we were still able to we ran an Advent series on Sundays looking at Jesus & Justice, Carols in the Courtyard outdoors for

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those who wished to gather, an online family Nativity, an online Christmas Eve midnight reflective service and an online Christmas Day service. These were all well attended and wellreceived and enabled us to run a range of services and points of contact especially for those who found themselves feeling isolated again at Christmas.

Church Planting

There is only so much South West London Vineyard can do from our single location in London and so from the outset we have been passionate about extending God’s kingdom by starting or ‘planting’ new congregations of followers of Jesus across the country.

This church planting aspect of the life of South West London Vineyard has long served our vision of planting churches by training and equipping potential church planters and by sending and nurturing those called by God.

Alongside church planting, South West London Vineyard has a long history of training and equipping leaders by creating opportunities for people to step into leadership through preaching, leading small groups, leading worship etc.

Vineyard churches that we have sent out since 1987 (many of which have subsequently planted other churches that have planted churches):

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Community Kitchen

Using the grant provided by the London Community Response Fund, a team from South West London Vineyard continued to prepare a range of home-cooked, frozen, ready-made meals to be given out to meet the practical needs of those from our local community especially those most in need and the vulnerable. Meals were given out to families, the elderly, lone parents, the homeless and others.

Easter & Lent

Whilst still operating under COVID restrictions, during Lent we ran a series of daily Lenten podcasts with a wide range of contributions being made by members of the congregation and staff team. On Good Friday we ran a reflective online communion service and online Easter Sunday service. In addition to these we curated a Good Friday Stations of the Cross Audio Walk, again with a number of contributions from members of the congregation to provide people with a reflective narrative of the events of Holy Week leading up to the Crucifixion & Resurrection of Christ.

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Eco Church

As part of our on-going commitment to justice, in September 2021 we were delighted to be awarded a Bronze certificate Eco Church Award. This award, supported by the work of A Rocha UK, is designed to help measure SWLV’s care for God’s world through our worship and teaching; in how we look after our buildings and land; in how we engage with our local community and in global campaigns, and in the personal lifestyles of our congregation.

Moving forwards, we plan to work with a group of leaders from SWLV as we begin to work towards our Silver Award.

Families & Relationships

As part of our commitment to make, train and equip disciples who love and serve Jesus, who love and serve one another and who love and serve their neighbours, throughout 2021 we continued to do our best to support family & relationship ministries in spite of the on-going restrictions.

In addition to our VKids, Youth and other family & relationship ministries, we have been in regular contact with families through weekly emails and personal contact, providing them with an extensive range of resources and details of courses and events.

To support families as they discuss faith and prayer in an everyday context with their children the team published a set of Prayer Activities for each season.

Alongside our series on Climate Change & the Environment we provided resources for families to help parents engage with these issues with their children at home, reinforcing the teaching given to adults and children on a Sunday morning and encouraging conversations, prayer activities and follow up actions.

In May we encouraged families to join a Care for the Family online event on children’s mental health followed by an online discussion and opportunity to pray with each other. We also ran online small groups covering relevant topics relating to parenting and additionally parenting children with sensory needs.

In October, we encouraged families to join one of three Care for the Family online parenting events covering parenting of toddlers, children and teenagers.

In November, once we had resumed in-person meetings on a Sunday we held a family service bringing adults, youth and children together for worship, teaching, fellowship & ministry.

Foodbank

As we seek to meet the practical needs of those from the local community, we continued to operate Foodbank. This continued in the form of a delivery service until mid-September, after which we resumed face-to-face sessions at The Yard on Wednesdays only, along with all of the other Foodbank Centres in Wandsworth.

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Growbaby

The aim of Growbaby (pioneered by the Senior Leaders of Kingston Vineyard) is to provide good quality, new and second-hand, baby clothes and equipment, completely free of charge, to anyone who needs it, regardless of their income, background, or faith. Over the course of 2021 and, again in response to the growing need we are seeing across our local communities as a result of the pandemic, we have begun to put in the framework for a South West London Vineyard Growbaby (advertised as 'Growbaby Wandsworth').

Clothes and equipment have been kindly donated by individuals both within and outside of the church, and a large quantity of high-end new clothes were kindly donated by Finest for Baby.

Growbaby held a launch event in December, inviting local social workers, school staff working with vulnerable families, MPs and key community contacts. Angela Large, the founder of the Ivy Street Family Centre in Hoxton, which also runs a Growbaby, spoke at the event about the impact that this community project has had on people in her community. The event was key in building relationships with those already working with families who are likely to be in need of clothes and equipment for their children, and who will likely be referring clients to us. Growbaby officially opened on Thursday 13th January 2022.

International Mission

Over the course of 2021 we have done our best to keep in contact with our International Mission partners (Myanmar, Nepal, Kenya, Spain), to support & encourage them as best we can in the wake of the pandemic.

In addition to prayer, we sent a financial gift of £1,694 to the church in Yangon to help them through this crisis and we awarded a grant of £8,763 to Mercy Outreach for its work with mercy projects and churches in Myanmar (including Yangon Vineyard).

Job Club

Sadly, Job Club remained closed during 2021 and potential clients were referred to other providers who were offering online coaching.

We look forward to welcoming our guests back to Job Club at the earliest possible opportunity.

Local Areas

In response to growing requests from church members in the aftermath of the pandemic for more local points of connection, we piloted a local community initiative across the geographical areas represented by those in the church. Ten local areas we set up (Clapham, Wandsworth, Battersea; East Sheen, Barnes, Richmond; Kingston, Surbiton, Thames Ditton; Morden; New Malden; Putney; Raynes Park, Merton, Motspur Park; Southfields, Earlsfield; Wimbledon and Worcester Park, Cheam, Chessington). A series of online meetings were held

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to cast the vision and to encourage local groups to explore ways in which they could meet together, support one another and develop a sense of local community following the fragmentation so many experienced during COVID. We set up a series of Area Facebook Groups and online Area Small Groups through the SWLV and encouraged individuals to take the initiative to get their groups together. Given the limited capacity & resources of the staff team at the time we were unable to give this much leadership staff time and attention and, sadly, these groups do not seem to have taken. It may be that the timing was premature, and that people were still reeling from the effects of the pandemic, but our hope would be to revisit this at some point in the coming year as and when staffing levels permit.

Little Fish

Our stay-and-play baby and toddler group, Little Fish, aims to provide a safe space for parents/ carers of children from the church and local community to find support, prayer and friendship at this life stage, as well as providing fun activities, songs and a story for the children and babies who attend.

In the Spring term we continued to offer a weekly 30-minute Zoom session of songs, stories and prayer, which was well received and provided another connection point especially for some of the families in the church with new babies.

Then in the Summer term, once we could meet outside in groups of 30, we ran ‘Little Fish in the Park’, a 90-minute session, which followed the usual format and also allowed for an extended time for families to socialise with each other.

London Community Response Fund Grant

In November 2020 a £5,000 grant from the London Community Response Fund (administered by City Bridge Trust, the funding arm of Bridge House Estates) was made to South West London Vineyard to provide essential food items for the vulnerable and needy in response to the COVID-19 crisis.

This grant continued to be used in 2021 and proved to be a helpful resource in providing ongoing and emergency relief to those in most need from our local community primarily through our Community Kitchen initiative.

We are grateful to the London Community Response Fund and the City Bridge Trust for this provision of financial support for the general benefit of the inhabitants of Greater London.

Love Christmas

Over the Christmas period, we again joined with the national Love Your Neighbour Initiative, Love Christmas, as part of our commitment to meet the practical & spiritual needs of those in the local community especially those most in need and the vulnerable.

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Love Christmas was intended to help spread the power of practical love, hope and kindness to people struggling during the winter due to COVID-19.

The aim was to provide a range of bags with different contents to accommodate as many people as possible, including individuals, couples, small and large families, students, homeless and the elderly.

Each bag included some of the following items, many of which were donated or paid for by South West London Vineyard members: mince pies, chocolate, festive treats, candles, Christmas crackers, biscuits, warm socks, children’s toys and games.

Over the past number of years, we have also provided a wide range of Christmas Presents for women & children escaping domestic violence and those who have been trafficked. This year, we were asked not to provide gifts, but Gift Vouchers. As a result, we gave £2,050 of ASDA vouchers to Hestia to be passed on to women escaping domestic violence and those who have been trafficked.

We also supplied a range of Christmas Gifts to 169 children through 3 local schools (St Joseph's, Putney; Sacred Heart, Roehampton; and Oasis Academy, Putney). These gifts were well-received by the children as well as the schools who have been doing their best to support these vulnerable families.

Working in partnership with Doxa Deo church in Kingston, City Changers and Christmas Lunch on Jesus, we were delighted to distribute 22 full Christmas Lunch hampers to families in need referred to us by local schools. A further 5 hampers were given to Regenerate to pass onto families known by them

Pastoral Care

A core element of making, training and equipping disciples who love and serve one another is pastoral care.

Throughout 2021 staff, volunteers and church members have continued to provide extensive pastoral care support to a wide range of church members, local residents and other contacts through difficult times, both on an individual basis and through a range of church ministries and initiatives.

Much of our pastoral care work is unseen, but we are grateful for the many hours spent by so many in providing practical support, prayer and encouragement to those in need.

Many of the Small Groups have again provided significant pastoral support for a number of individuals facing a sometimes challenging and difficult life stage. A significant proportion of pastoral care takes place in and through our small groups, in particular our House Groups. The very many hours of on-going pastoral care provided by so many of our leaders is almost

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impossible to quantify and is a wonderful demonstration of the church loving and serving one another and those around them. We remain incredibly grateful to our gifted and generous leaders who tirelessly devote themselves to ministering to, supporting and encouraging individuals in their care.

As we began to slowly emerge from the pandemic the need for pastoral care has remained high as many people continue to find themselves in difficult circumstances; with COVIDrelated health concerns; facing financial difficulties; furlough; loss of loved ones; mental health concerns & fears due to the pandemic, along with a range of other challenges.

The staff team continued to devote a significant amount of time to reach out to both church members and those connected to the church through various ministries to try to ensure that everyone connected to the church in whatever way was taken care of when needed. Of course, it wasn’t always possible to reach everyone and not everyone wanted to be reached, however, a significant amount of time and love went into following up with those from across our communities.

In addition to the above, House Groups and other small groups also continued to provide pastoral care and support to those in their groups.

Prayer

Once again, one of the highlights of the past year has been the way in which the church has responded to the call to prayer.

We began the year with our, by now, well-established Week of Prayer, and continued to see online Daily Prayer meetings running for the first several months. Once in-person meetings resumed these online meetings moved to twice a week and continued to be well-attended and hugely important to the life of the church.

A highlight of our commitment to prayer has been World Prayer: a creatively & imaginativelyled prayer group praying for the specific and current challenges being faced by those known to us from all over the world.

In addition, a range of prayer and worship resources were made available to the church through a web-based 24-7 online prayer space.

Refugees & Asylum Seeker Support

Throughout 2021 we continued to work in partnership with Welcome Churches to develop our ministry to refugees & asylum seekers, and again, once in-person services resumed, we have been encouraged to welcome several refugees into the life of the church. To help support those coming towards us we launched a weekly Bible Study at the Yard to help disciple them as they grow in their faith.

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Small Groups

A wide range of small groups designed to serve both those from the church and our local communities continued to run across SW London in 2021.

Many groups continued to meet online and ranged from the highly spiritual to the highly social. Groups included those focussed on the Bible, relationship, community and connection, as well as those designed to tackle more specific topics. Examples include the STEPS course (which uses biblical principles and is designed for both Christians and those open minded about the Christian faith to work on issues such as anxiety, anger, pride, low self-esteem, lack of trust, fear of rejection, or anything else that is holding them back in life); Connection Events; Curry Nights; Afternoon Walks; Sunday Lunch; Women’s Gatherings; Quizzes and more. As and when restrictions permitted some small groups began to meet inperson.

These small groups remain one of the primary points of contact whereby we can make, train and equip disciples who love and serve Jesus, who love and serve one another and who love and serve their neighbours.

Small groups included: House Groups, Growth Groups (Bible study groups or structured courses), Life Stage Groups (Parenting Courses) and Connection & Activity groups (including sports and social groups). 29 Small Groups ran in Spring, 34 over Summer and 12 in Autumn.

One of the things we noticed over the Autumn of 2021 was a reduction in both a desire to attend small groups and a willingness for people to lead them. Given that so many of our leaders had led their groups without a break since March 2020 (and in many cases before that), we fully respect their decision to safeguard their own well-being by taking a welldeserved break.

The Trustees would like to thank all those leaders who have led and run small groups over the past year, in spite of a number of personal challenges and the difficulties of leading through the pandemic. The faithfulness and servant-hearted nature of the leaders has been a huge blessing and encouragement to so many and has played a significant and central role in ensuring the health and well-being of the church throughout what has been yet another difficult year.

Sunday Services

Having had in-person Sunday services disrupted due to COVID, we were delighted to resume in-person services at the Ark Putney Academy on Sundays from 25 July 2021, for the first time in 16 months.

Following a series of Risk Assessments, Health & Safety reviews and extensive discussion with the Trustees, Leadership Staff & Leaders we agreed that a ‘zoned’ approach would best serve the majority of the church and wider community.

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Benefitting from the significant size, multiple entries & exits, balcony and ventilation options available in the main hall at Ark Putney Academy we felt this zoned approach would provide options for most, if not all, those who wanted to re-join services.

A sign-in system was operated for Track & Trace purposes along with face masks, hand sanitiser and a red/ amber/ green colour-coded sticker system to demonstrate appetite for risk.

For the first several Sundays, in order to minimise in-person contacts, service times were kept to 45 minutes and were followed by outdoor social connection events (food vans/ EzeeSport etc.).

In accordance with our Future Plans from the 2020 Annual Report we began our series on Justice & the Kingdom of God. Talks included: A Vision of Justice: Micah 6:8 & Isaiah 61; Justice & the Kingdom of God: Luke 4 & Isaiah 61; Justice: What do we see?: Jeremiah 1:1-11; Justice, Prayer & Action: I Kings 18; a Community of Justice: James 2:1-17 & Acts 6.

In addition, an outstanding series looking at Climate Change & the Environment was undertaken by a series of guest speakers reflecting on Genesis 1:1-31; Luke 10:25-37; Proverbs 31:8-9 and 2 Chronicles 7:14.

During Advent speakers were asked to reflect on the life of Jesus & Justice drawing from Genesis 1, Revelation 21, Mark 9:1, John 14:12-14 and Isaiah 42:1-4.

In November a Family Service was held.

As in many previous years we have seen people move on and others join - this is typical for our location but something we will monitor for any new trends. We have noticed a shift in attendance pattern post COVID and again will monitor for how this impacts other areas of ministry.

The Yard

The Yard is our ministry space on the Ashburton estate in Putney and has been our base throughout 2021 for a range of community-focused initiatives including: Foodbank, Community Kitchen, Little Fish, Growbaby, Bible Study at the Yard, Small Groups, Housing Advice, Financial Advice, Benefits Advice, Citizen’s Advice Bureau Support, etc.

These initiatives are led by staff members, lay leaders, external agencies and a significant number of volunteers.

Although the Yard effectively closed its doors in mid-March 2020, the Staff Team has continued to find ways to ensure we have maintained our presence on the local estate by making ourselves available to those in need at specific times during the week. We have followed government guidance and COVID-safe protocols to ensure the safety and well-being

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of those involved and, given the limitations of the space, have had to significantly reduce the number of people at any given time.

That said, we have been able to keep in regular contact with those people we have built relationship with over the years by maintaining that presence and as restrictions lifted and government guidance changed, we were delighted to resume a degree of in-person ministries again, once relevant Risk Assessments and Health & Safety reviews had been carried out.

The Yard remains a central part of our calling and mission as a church and we love the opportunity all these ministries bring to build relationship with those in our local community and, wherever possible, to invite them along to church and point them towards Jesus.

VKids

Our amazing VKids leaders and teams have continued to work tirelessly to provide an outstanding level of support and resourcing to parents and families both on-line during the first half of the year and then again in-person, once services resumed in July.

From January 2021 the team ran the very popular Imaginative Prayer Course online, along with a wide range of guidance, resources, activities and material to help support families with their faith.

As restrictions began to lift, a range of in-person activities including EzeeSport and worship were organised. Over the summer EzeeSport ran a series of activity-based workshops during our Six Weeks of Summer programme alongside the Imaginative Prayer Course (for schoolaged children and the Stories Jesus Told (for those in the Studio).

The Autumn term saw a return to the usual format for VKids once Risk Assessments and Health & Safety guidelines were put in place (i.e. children bring their own snacks & water, hand sanitiser available, optional face masks etc.). During the autumn the VKids curriculum focussed on ‘Doin’ the Stuff’, which included content on Climate Change, to tie in with the adult services.

Given the reduction of people available to serve on teams the VKids leaders organised a series of ‘team-building’ events for volunteers including Fish & Chips and Rounders.

Worship

We believe that worship is our highest priority in the Vineyard and central to our commitment to make, train and equip disciples who love and serve Jesus. Despite the global pandemic and our inability to meet in person prior to July, we have continued to go deeper in our worship this year and with Kate & Neil Woodward continuing to invest in developing worship teams.

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Worship continued to be delivered from January – July 2021 almost exclusively online. From July to the end of the year, once in-person worship services had resumed, our worship teams helped lead worship across the church in various small groups.

When permissible worship teams gathered in groups of 6 (Worship 6s), according to the rule of 6 and then, in May, June & July, Worship 30s (worship evenings open to whole church were held outside at the SWLV offices on a fortnightly basis).

Throughout, worship has continued to play a central part across all our small groups, whether online or in-person.

Worship has continued to look different given the impact of the pandemic and corporate worship in particular has had its challenges. As a result, there was a distinct call to personal worship where we encouraged people to worship in their own homes as they explored new and personal ways to worship without the congregation around them.

Youth

On Sunday mornings throughout 2021 we continued to run weekly online gatherings for our 11–18 year-olds covering a range of Biblically-based topics. Clearly the impact of COVID on this age-group, with school & exam disruptions etc, has been significant and we have done what we can to provide support and encouragement in the face of very difficult circumstances.

From July, we resumed in-person gatherings on both Sundays and at other times to provide additional points of connection through things like Sundays on the Common, GoApe, DTI (Vineyard Churches annual youth conference) and Youth BBQs.

In the Autumn term we launched a monthly Friday Night Youth Club, held at the Ashburton Youth Club. This purely social gathering was intended to create a space for our youth to meet together, play games, eat pizza, watch movies and have fun as they once again reconnected with one another. These evenings have proved very popular and we are very grateful to Regenerate for enabling us to use their facilities.

In the lead up to COP26, speakers from the main service visited youth to share their thoughts on Climate Change & the Environment and encouraged a dialogue between adults & youth so that both could learn from the other.

With personnel changes affecting the Youth Team, we are extremely grateful for the way in which lay leaders have stepped up and taken on this important area of ministry and developed it in a new & exciting way.

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Volunteer Workforce and Leaders

2021 has been another very challenging year in the life of the church and it has not been easy to keep going with the many and varied areas of ministry the church is heavily invested and involved in.

We are grateful to all the very many leaders and volunteers, both within and without the church who, in spite of their own personal circumstances, have given so generously of their time, energy and money.

Over the course of 2021, feedback and input was sought from our volunteer workforce and leaders in the form of online questionnaires and feedback forms and our church-wide, interactive feedback meetings, ‘Where Do We Go From Here?’, continued to create an opportunity for dialogue between the Leadership Team and the church to ensure people were kept up to date with developments and to create a space for every voice to be heard.

We have been incredibly blessed by God and remain deeply indebted to the Lord for the very many wonderful servants committed to Christ, His Church and His Cause through the ministry of South West London Vineyard, even when faced with the longer-lasting impacts of a global pandemic.

Whether working from home or, when permissible, in-person, servant-hearted, kingdomfocussed passionate and gifted individuals have set about to

‘equip his people for works of service, so that the body of Christ may be built up until we all reach unity in the faith and in the knowledge of the Son of God and become mature, attaining to the whole measure of the fullness of Christ.’ Ephesians 4:11-12

Without each one of these doing their part, quite simply, there would be no South West London Vineyard and we are very grateful to each and every one.

FINANCIAL GIFTS

Financial Gifts from Appeals

In all we received restricted donations (including gift aid and items donated to the Growbaby ministry) totalling £16,592. Apart from the donations to Growbaby (which wasn't formally launched until January 2022), during the year we spent nearly all of the restricted income we had received. This comprised gifts totalling £5,456 to Yangon Vineyard and Mercy Outreach and we spent £3,912 to support projects we ran ourselves to help the local community.

Other Financial Gifts

In addition to the above, during the year financial gifts were made (or awarded to) the following organisations:

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

In addition to the above, financial gifts were given via the Acts 435 initiative.

ADMINISTRATIVE REVIEW

COVID-19

The global pandemic continued to have a significant impact on the lives or everyone and has undoubtedly impacted the activities and normal operation of the church. In spite of the many personal challenges many have faced, the church has responded incredibly well. A number of familiar services including: Sunday services; ministries at The Yard; a range of in-person gatherings and small groups remained curtailed for the first half of 2021. However, we were greatly relieved to begin the journey back to some degree of normality from the end of July.

Throughout 2021 the Leadership Staff team & Trustees continued to meet regularly to review the on-going situation and determine what action steps needed to be taken.

Our priority continued to be the health & well-being of our employees, volunteers, congregation and members of the public coming towards the church. Our commitment was to continue to follow Government Guidance to ensure we played our part to control and minimise the spread of the virus. As a result, we did not resume in-person Sunday services until 25 July 2021.

Staffing

Neil & Kate Woodward continued to lead South West London Vineyard throughout 2021, with a focus on setting the vision and direction of the overall ministry of the church and steering the church through the on-going uncertainty of the pandemic.

Alongside the Leadership Staff Team & Trustees, they were also responsible for overseeing an ever-changing approach to ministry in response to the impact of COVID and the emerging needs of those both in the church and from the local community.

Neil also acted as a trustee and as chair for the Board of Trustees/Directors.

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

The Leadership Staff Team were directly impacted by the effects of the virus as different members of staff tested positive at different times throughout the year. For two of our staff team members, these resulted in Long-COVID symptoms and diagnoses which have significantly impacted their capacity and ability to work their full contracted hours. As a result of on-going ill-health, one of these staff team members started a 7-month period of unpaid leave in January 2022.

In August 2021, two Assistant Pastors (the Youth, Students & Young Adults pastor and the Worship pastor) resigned their positions and left the staff team, to pursue careers and study in different industries.

In September 2021, a part-time Worship Administrator joined the team for 1 day per week.

Premises

Due to COVID, no Sunday gatherings took place at Ark Putney Academy until 25 July 2021.

During the course of the pandemic School Lettings Solutions went into administration and in July 2021 a new contract was entered into with the new lettings management company, Schools Plus.

In accordance with Government guidance, the staff team adopted a hybrid approach to working – between the church office at Heston Court, Camp Road, Wimbledon and at home. Staff were encouraged to work flexible hours from home to minimise the number of staff in the offices at any given time and only the Bookkeeper opted to work from the office.

The Yard, South West London Vineyard’s community centre on the Ashburton Estate in Putney, continued to be used as a focal point for our outreach activities on the estate and as a centre for many of our ministries, focussing on those in need. Operation levels fluctuated throughout the year depending on the impact of the virus in the local area and Government guidance at the time.

GDPR, Database and Communications Tools

Over the course of 2021 we continued to use ChurchSuite as our primary database and communication tool, remaining compliant with recent changes in legislation.

Safeguarding

We continued to take Safeguarding matters extremely seriously and work hard to ensure the safety & well-being of all members of the congregation attending SWLV events and services.

The annual Safeguarding Policy review was carried out and the Online Safety Policy was reviewed.

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

Structure, Governance & Management

South West London Vineyard (incorporated on 13 February 1995) is a charitable company (limited by guarantee) and is governed by the Memorandum and Articles of Association which were adopted on 13 February 1995 and amended by special resolution on 3 August 2008. As a charity, the church acts entirely as a non-profit making organisation. The church has also been granted exemption from using the word “Limited” in its title.

New trustees are recruited and appointed by the existing trustees. The trustees are also the directors of the charitable company for the purposes of company law. New trustees are provided with information relevant to their duties and are given the opportunity to undertake training to help them with their responsibilities.

The church is also affiliated to Vineyard Churches UK & Ireland, a wider network of some 100 or so churches across the country. South West London Vineyard regularly grants a proportion of its income to the work of Vineyard Churches UK & Ireland in the establishing of new churches and missions work abroad.

Trustees/ Directors

The trustees set out below have held office during the whole of the period from 1 January 2021 to the date of this report:

No trustees resigned during 2021.

The trustees met formally on 9 occasions throughout 2021 (8 online and 1 in-person):

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

Statement of Responsibilities

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity and company law requires the trustees/ directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.

In preparing these financial statements, the trustees/directors are required to:

The trustees/ directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Internal Controls

As part of their continuing responsibility, the trustees have endeavoured to ensure that reasonable internal control procedures are in place as appropriate for the development of the church.

These include:

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

Risk Management and Compliance

Throughout 2021, the Trustees continued to maintain a centralised Risk Register to identify and mitigate major strategic, operational and financial risks to the charity. The full risk register was reviewed periodically by the trustees and made available for all to review on a regular basis via GoogleDocs.

The risks listed in the risk log include those which focus on governance, leadership, financial, operational and external risks. In addition to the ongoing risks that are on the register from year to year such as those relating to safeguarding and the risk of a decline in donations, specific risks managed during 2021 included:

On-going monitoring was carried out during 2021 with regard to the compliance requirements of the church in the areas of Child Protection, Disability Discrimination, Employment Law, Health & Safety, etc.

RSM UK Ltd. continued to act as the church’s HR consultants and worked closely with the Senior Leaders and Operations Manager ensuring compliance in employment matters and enabling the church to keep fully up to date with changes in Employment Law.

The contract with RSM UK Ltd is due to terminate at the end of March 2022 and WorkNest were contracted in October 2021 to take over the role. This change of contract has taken place following 16 years with RSM (and other companies contracted during that period that eventually merged with RSM), after the Trustees felt that a review from another firm, and one with a greater HR focus, would be beneficial.

The 2021 accounts were independently examined by an employee of Stewardship Services (UKET) Ltd.

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

FINANCIAL REVIEW

The charity continues to rely on the generous donations of its members as its principal source of income.

Overall income fell by £40,152 to £634,030 largely because we did not claim any grants from the government's Job Retention Scheme during the year (in 2020 we claimed £38,000).

Expenditure decreased by £22,579 to £619,249. Staff costs fell by £57,687 due to changes in the staff team and due to insurance claims made to help support staff suffering from Long Covid. This was offset by an increase of £23,062 in the cost of our Sunday Services as we began to meet again in person. And we did not benefit this year from any rent discounts for the other premises we use (we received some temporary discounts in 2020 to help us through the pandemic) and so our expenditure on premises increased by £12,340 in 2021.

As result the charity has reported a surplus of £14,781 (2020: £32,353) from its operating activities. Changes in the market value of the charity’s investments gave rise to a gain of £75,271 (2020: £58,120) and therefore, overall, the charity has reported a surplus this year of £90,052 (2020: £90,473).

The charity’s net assets increased by £90,052 to £1,477,456. Net assets comprised tangible and intangible fixed assets of £266,100, investments of £1,005,387 and net current assets of £205,969. Net current assets included cash of £207,728, of which £199,579 was unrestricted.

Investment Policy

Mazars Financial Planning Limited acted throughout the year as the charity’s investment advisers.

The Trustees wish to invest principally for capital growth at this point, with any income being accumulated for now but with the potential for income to be paid to SWLV in the future. The Trustees may choose to use the funds for the purchase of property, but they may be used for other expenditure.

In their investment decisions, the Trustees use the following principles:

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

In order to meet the investment objective and to stay within the investment principles, the trustees have decided to invest most of the portfolio in UK and overseas equities and in fixed interest securities.

Reserves Policy

South West London Vineyard seeks to adhere to Biblical principles when considering the issue of financial reserves. On one hand we wish to store up in the good years for use in the years of famine (Genesis 42 v28-31) without hoarding for its own sake, whilst on the other we want to avoid storing up for ourselves treasures on earth (Matthew 6 v19-20) and therefore wish to use any income we receive for the benefit of the Kingdom of God as soon as possible.

Our Reserves Policy is framed around holding adequate reserves:

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

Category Definition Vehicle Approach
(as at November 2020)
For regular,
short-term
fluctuations		 Money which is used for the
Church’s normal day-to-day
spending
Stewardship recommends that a
church’s day-to-day bank account
never drops below an amount
equal to a full month’s normal
spending.		 Bank of Scotland Current
Account
(Balances up to £85,000 are
covered by the Financial
Services Compensation Scheme
for each banking group with
which we invest – should our
balance regularly exceed this
value; an additional account
will be opened with a different
banking group)		 Monthly review
through MIR of current
Operating Costs and
draw down/ top up
from CAF Bank
Reserves or from
Mazars Investment
Portfolio – both subject
to Trustee written
approvals.
To absorb
setbacks		 Money placed on one side to cover
ongoing church costs in the event
of a loss of income or an increase
in running expenses
As these funds might be called on
at relatively short notice,
Stewardship recommends that it is
generally only appropriate for
them to be invested in deposit or
notice accounts where the amount
available is known, guaranteed and
fullyaccessible at short notice		 CAF Current Account
Mazars Investment Portfolio		 The Trustees have
agreed to retain
reserves to the
equivalent of 3 months’
Operating Expenses,
currently held in both
CAF Bank and Mazars
Investment Portfolio
For growth
and future
projects		 Money set aside for a specific
future project or to safeguard the
church against anticipated but
unknown future events.		 Mazars Investment Portfolio South West London
Vineyard’s Investment
Strategy is reviewed on
an annual basis.

The charity aims to hold unrestricted undesignated investments and cash of no less than £225,000 (equivalent to about 4 months' budgeted expenditure) to guard against regular short-term fluctuations and to absorb setbacks. At the year-end the actual amount held was £405,280, which is in excess of the minimum required by the stated policy. The trustees are mindful that the full financial implications of the pandemic are not yet known and continue to monitor income and expenditure carefully.

In addition, the charity held investments totalling £799,686 in designated funds for growth and future projects.

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

FUTURE PLANS

Justice

We view the Christian faith as being a vision, not only for individuals, but for society as well and how we can live well in all our relationships and communities.

In a world where many visions for humanity vie for our attention, as the church, we believe we need to be asking how the good news of the gospel of Jesus addresses some of the global, national & local questions of our age.

The Staff Team & Trustees recognise, as a local church, we have a long way to go and a lot of work to do to address some of the many injustices experienced by those both in the church and in our local communities and are committed to addressing these issues.

Over the coming year we want to continue to develop a strategic approach to taking responsibility for addressing issues of justice.

These would include:

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SW LONDON VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

ANNUAL REPORT OF THE TRUSTEES AND DIRECTORS

Stability

Given the disruption and uncertainty of the past 2 years, we are eager that the church would represent a safe haven in a troubled world. As we respond to the needs of individuals to recover from the impact of the pandemic, we are keen for the church to slowly but surely reestablish itself, as we seek to pursue the vision given to us by God.

Staffing

With staffing levels having been depleted due to COVID and staff team departures, we are keen to identify and recruit new team members to lead and support us into the next phase of growth.

Sabbatical

Having been in place as Senior Leaders since 2008, the Trustees have expressed a desire to ensure the Senior Leaders take a 3-month sabbatical as soon as reasonably possible, ideally by summer 2022.

Alpha

Again, given the impact of the pandemic, we are keen to create a space and environment for those asking fundamental questions about the meaning of life to be able to do so in a safe and compassionate environment. Our hope is to re-launch Alpha in the church towards the end of the coming year.

APPROVAL

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

N Woodward

N Woodward Chair of Trustees

Date: 5 September 2022

Page 27

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

SW LONDON VINEYARD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021 on pages 29 to 41 following, which have been prepared on the basis of the accounting policies set out on pages 32 and 33.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Ajay Rajani

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: 5 September 2022

Page 28

SW LONDON VINEYARD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Dividends and interest receivable
Total income and endowments
EXPENDITURE ON:
Fundraising costs:
Investment management costs
Charitable activities:
5
Total expenditure
Net expenditure before investment losses
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Funds
£
606,365
1,289
9,784
617,438
13,499
596,382
609,881
7,557
75,271
82,828
-
82,828
1,386,702
1,469,530		 Restricted
Funds
£
16,592
-
-
16,592
-
9,368
9,368
7,224
-
7,224
-
7,224
702
7,926		 Total
Funds
2021
£
622,957
1,289
9,784
634,030
13,499
605,750
619,249
14,781
75,271
90,052
-
90,052
1,387,404
1,477,456		 Total
Funds
2020
£
660,998
812
12,372
674,182
11,988
629,840
641,828
32,353
58,120
90,473
-
90,473
1,296,931
1,387,404

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

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 32 to 41 form part of these accounts.

Page 29

SW LONDON VINEYARD

BALANCE SHEET

AS AT 31 DECEMBER 2021

Note
FIXED ASSETS
Intangible assets
7
Tangible assets
8
Investments
9
CURRENT ASSETS
Stock
10
Debtors
11
Cash at bank and in hand
12
CREDITORS: Amounts falling
due within one year
13
Net current assets
TOTAL NET ASSETS
FUND BALANCES
15
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
720
265,380
1,005,387
1,271,487
-
15,228
199,579
214,807
16,764
198,043
1,469,530
669,844
799,686
1,469,530
-
1,469,530		 Restricted
Funds
£
-
-
-
-
3,157
383
8,149
11,689
3,763
7,926
7,926
-
-
-
7,926
7,926		 Total funds
2021
£
720
265,380
1,005,387
1,271,487
3,157
15,611
207,728
226,496
20,527
205,969
1,477,456
669,844
799,686
1,469,530
7,926
1,477,456		 Total funds
2020
£
672
272,854
933,831
1,207,357
-
70,676
149,418
220,094
40,047
180,047
1,387,404
639,866
746,836
1,386,702
702
1,387,404

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

N Woodward

N Woodward, Chair of Trustees

Date: 5 September 2022

Company number: 03020873

The notes on pages 32 to 41 form part of these accounts.

Charity number: 1045257

Page 30

SW LONDON VINEYARD

YEAR ENDED 31 DECEMBER 2021

CASH FLOW STATEMENT

Note
2021
£
Cash flows from operating activities:
Net cash provided by (used in) operating activities
A
58,155
Cash flows from investing activities:
Purchase of tangible and intangible fixed assets
(3,560)
Purchase of investments
(9,784)
Proceeds from sale of investments
13,499
Net cash provided by/(used in) investing activities
155
58,310
B
149,418
B
207,728
Note A: Reconciliation of net income/(expenditure) to net cash flow from operating activities
2021
£
90,052
Adjustments for:
Depreciation and amortisation charges
10,986
(Gains)/losses on investments
(75,271)
(Increase)/decrease in stocks
(3,157)
(Increase)/decrease in debtors
55,065
Increase/(decrease) in creditors
(19,520)
Net cash provided by (used in) operating activities
58,155
Note B: Analysis of cash and cash equivalents
2021
£
Cash at bank with immediate access
122,763
Notice deposits (with a term of three months or less)
84,909
Petty cash
56
Total cash and cash equivalents
207,728
Net income/(expenditure) for the reporting period (as per the statement of
financial activities)
Cash and equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Change in cash and equivalents in the reporting period		 2020
£
22,272
(1,008)
(12,372)
11,988
(1,392)
20,880
128,538
149,418
2020
£
90,473
10,552
(58,120)
-
(42,900)
22,267
22,272
2020
£
98,384
51,005
29
149,418

An analysis of changes in net debt has not been presented because the charity does not have any borrowings.

Page 31

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination or audit of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the charity is considered to be so integrated such that all material expenditure is considered to be for just one principal activity, which is the advancement of the Christian faith.

Page 32

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

2 Accounting Policies continued

d) 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 charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

The charity holds some of its general unrestricted funds and designated unrestricted funds in long term investments. Income, expenditure and gains and losses arising on revaluation are apportioned across these funds on a fair and reasonable basis.

e) Intangible fixed assets

The cost of the charity's website is capitalised and amortised on a straight line basis over its expected useful life, which is expected to be 3 years.

f) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold property Over 50 years after taking account of the building's residual value Leasehold improvements Over the remaining lease term or, if shorter, expected useful life Church equipment Over 3 to 5 years Vehicles Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

g) Investments

Fixed asset investments are held to generate income and / or for their investment potential. Investments are included at their market value at the balance sheet date. All gains and losses (be they realised or unrealised) are included in the Statement of Financial Activities under the heading 'Net gains / (losses) on investments'.

h) Leased assets

i) Pension scheme arrangements

j) Taxation

k) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are generally measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

l) Critical accounting estimates and areas of judgement

The trustees do not consider that there any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3 Donations and legacies

Donations made under gift aid
Income tax recoverable
Donations other than by gift aid
Donated items given to Growbaby ministry
Government grants from the Job Retention Scheme
Other grants		 Unrestricted
Funds
£
431,827
108,472
66,066
-
-
-
606,365		 Restricted
Funds
£
9,643
2,411
2,380
2,158
-
-
16,592		 Total
2021
£
441,470
110,883
68,446
2,158
-
-
622,957		 Total
2020
£
436,356
111,648
69,949
-
38,045
5,000
660,998

Page 33

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

4 Income from charitable activities

Conferences and church activities
Other income
5
Charitable expenditure
a
Costs incurred directly on specific charitable activities
Staff costs
Staff expenses
Sunday services
Other ministry expenses
Grants, gifts and community ministries (note 5c)
b
Costs incurred on support & administration
Governance costs
Cost of accounts preparation and independent examination
Staff costs
Staff expenses
General administrative and office costs
Premises
Depreciation of tangible fixed assets
Amortisation of intangible fixed assets
Total expenditure		 Unrestricted
Funds
£
1,260
29
1,289
Unrestricted
Funds
£
234,995
6,651
35,820
47,484
74,689
399,639
4,320
100,712
2,851
51,778
26,096
10,458
528
196,743
596,382		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-
-
9,368
9,368
-
-
-
-
-
-
-
-
9,368		 Total
2021
£
1,260
29
1,289
Total
2021
£
234,995
6,651
35,820
47,484
84,057
409,007
4,320
100,712
2,851
51,778
26,096
10,458
528
196,743
605,750		 Total
2020
£
521
291
812
Total
2020
£
275,376
8,200
12,758
50,923
78,993
426,250
4,560
118,018
3,514
53,190
13,756
10,216
336
203,590
629,840

In addition to the fees payable for the preparation and examination of the accounts, the charity paid £1,174 (2020: £1,355) to Stewardship for payroll bureau and consultancy services. c Grants, gifts and community ministries

Financial grants and gifts
Grants for UK and overseas mission
Grants for the relief of poverty and similar
Community ministries
The Yard: rent, rates, utilities and other premises expenses
Other Compassion ministry expenses
Combined total
The comparatives for the previous year are as follows:
Financial grants and gifts
Grants for UK and overseas mission
Grants for the relief of poverty and similar
Community ministries
The Yard: rent, rates, utilities and other premises expenses
Other Compassion ministry expenses
Combined total		 Institutions
£
48,566
9,175
57,741
Institutions
£
39,022
170
39,192		 Individuals
£
-
2,200
2,200
Individuals
£
-
4,484
4,484		 2021
£
48,566
11,375
59,941
17,531
6,585
24,116
84,057
2020
£
39,022
4,654
43,676
19,645
15,672
35,317
78,993

Page 34

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

5c Grants, gifts and community ministries continued

The charity's principal grants to institutions comprised:

charity's principal grants to institutions comprised:
Vineyard Churches UK & Ireland
Yangon Vineyard
Mercy Outreach
The 4.2.20 Foundation
Grants to other organisations individually less than £1,000		 2021
£
45,318
1,694
8,763
-
1,966
57,741		 2020
£
29,870
3,689
-
4,843
790
39,192

The charity makes grants and gifts to a number of organisations and individuals to support activities that are consistent with the charity's own charitable objectives. The charity has undertaken to donate approximately 5% of its income to Vineyard Churches UK.

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Social security
Pension costs		 2021
£
277,880
29,551
28,276
335,707		 2020
£
326,894
33,408
33,092
393,394

Most of the charity's activities are carried out by volunteers. The average monthly number of employees during the year was:

Pastoral
Administrative		 Number
6.25
1.25
7.5		 Number
7
2
9

One (2020: one) member of staff received emoluments between £70,000 and £79,999 during the year.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

N Woodward, who is a trustee, and his wife Mrs C Woodward
The following amounts were charged in the previous year:
N Woodward, who is a trustee, and his wife Mrs C Woodward		 Wages &
salaries
114,000
Wages &
salaries
114,000		 Other
employment
benefits
7,722
Other
employment
benefits
7,560		 Employer
pension
contributions
11,256
Employer
pension
contributions
11,256		 2021
£
132,978
2020
£
132,816

Retirement benefits accrued to one (2020: one) trustee (namely N Woodward) under a defined contribution (money purchase) pension scheme.

Mr & Mrs N Woodward served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document. Their salaries are reviewed and agreed by the charity's other trustees by reference to pre-agreed salary scales. Mr & Mrs N Woodward are not present when their salaries are discussed and voted on.

Page 35

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

7 Intangible fixed assets

Cost
At 1 January 2021
Additions
At 31 December 2021
Amortisation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Website
£
9,268
576
9,844
8,596
528
9,124
720
672

8 Tangible fixed assets

Cost
At 1 January 2021
Additions
At 31 December 2021
Accumulated depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
9
Fixed asset investments
Market value at the beginning of the year
Additions during the year
Disposals during the year
Realised and unrealised gains
Market value at the end of the year
Analysis of investments:
UK equities
Overseas equity investment funds and unit trusts
Gilts and bonds
Cash
Real estate, commodities and other
10
Stock
Stock of items donated, or purchased, for Growbaby ministry		 Freehold
Property
£
347,997
-
347,997
79,418
6,960
86,378
261,619
268,579		 Leasehold
Improvements
£
91,755
-
91,755
89,714
682
90,395
1,359
2,041		 Church
equipment
£
326,020
2,984
329,004
323,786
2,816
326,602
2,402
2,234
2021
£
933,831
9,784
(13,499)
75,271
1,005,387
113,316
385,184
233,014
26,513
247,360
1,005,387
2021
£
3,157
3,157		 Total
2021
£
765,772
2,984
768,756
492,918
10,458
503,376
265,380
272,854
2020
£
875,328
12,372
(11,988)
58,120
933,831
206,612
415,924
227,334
40,183
43,778
933,831
2020
£
-
-

Page 36

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

11 Debtors

11
Debtors
Tax recoverable
Other debtors
Prepayments and accrued income
12
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
13
Creditors: liabilities falling due within one year
Other creditors
Accrued expenses
Grant obligations		 2021
£
7,074
805
7,732
15,611
2021
£
122,763
84,909
56
207,728
2021
£
5,582
4,320
10,625
20,527		 2020
£
58,927
2,342
9,407
70,676
2020
£
98,384
51,005
29
149,418
2020
£
17,126
11,163
11,758
40,047

14 Pension commitments

During the year employer’s pension contributions totalling £28,276 (2020: £33,092) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2020: £nil).

15 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Linda Spicer Memorial Fund
Building Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
International Mission
Yangon Vineyard & Eden Ministry
Christmas Presents
Acts 435
London Community Grant
Growbaby
Total funds		 Opening
balance
2021
£
30,481
716,355
746,836
639,866
1,386,702
-
-
35
1
666
-
702
1,387,404		 Incoming
resources
2021
£
-
7,759
7,759
609,680
617,438
2,513
2,944
2,228
150
-
8,758
16,592
634,030		 Outgoing
resources
2021
£
(26,893)
(10,705)
(37,598)
(572,283)
(609,881)
(2,513)
(2,944)
(2,263)
(150)
(666)
(833)
(9,368)
(619,249)		 Gains and
losses
2021
£
-
59,689
59,689
15,582
75,271
-
-
-
-
-
-
-
75,271		 Transfers
in year
2021
£
23,000
-
23,000
(23,000)
-
-
-
-
-
-
-
-
-		 Closing
balance
2021
£
26,587
773,099
799,686
669,844
1,469,530
-
-
-
1
-
7,925
7,926
1,477,456

During the year the trustees transferred £23,000 from unrestricted funds to the designated Linda Spicer Memorial Fund to increase the amount set aside for the activities supported by this Fund.

Page 37

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

15 Funds continued

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Intangible fixed assets
Tangible fixed assets
Investments
Stock
Debtors
Cash at bank and in hand
Creditors
In the previous year the movements in the
Designated Funds
Linda Spicer Memorial Fund
Building Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
International Mission
Christmas Presents
Acts 435
London Community Grant
Financial Assistance
4.2.20 Foundation
Aggregate of funds		 charity's funds
Opening
balance
2020
£
59,324
668,432
727,756
566,357
1,294,113
2,606
91
121
-
-
-
2,818
1,296,931		 General
Designated
funds
funds
£
£
720
-
265,380
-
205,701
799,686
-
-
15,228
-
199,579
-
(16,764)
-
669,844
799,686
were as follows:
Incoming
Outgoing
Gains and
resources
resources
losses
2020
2020
2020
£
£
£
-
(28,844)
-
10,134
(9,820)
47,609
10,134
(38,664)
47,609
645,263
(582,263)
10,511
655,397
(620,927)
58,120
3,145
(5,751)
-
4,900
(4,956)
-
480
(600)
-
5,000
(4,334)
-
3,884
(3,884)
-
1,377
(1,377)
-
18,785
(20,901)
-
674,182
(641,828)
58,120
Unrestricted Funds		 Restricted
funds
£
-
-
-
3,157
383
8,149
(3,763)
7,926
Transfers
in year
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 2021
£
720
265,380
1,005,387
3,157
15,611
207,728
(20,527)
1,477,456
Closing
balance
2020
£
30,481
716,355
746,836
639,866
1,386,702
-
35
1
666
-
-
702
1,387,404

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Intangible fixed assets
Tangible fixed assets
Investments
Debtors
Cash at bank and in hand
Creditors		 General
Designated
funds
funds
£
£
672
-
272,854
-
186,995
746,836
70,676
148,716
-
(40,047)
-
639,866
746,836
Unrestricted Funds		 Restricted
funds
£
-
-
-
-
702
-
702		 2020
£
672
272,854
933,831
70,676
149,418
(40,047)
1,387,404

Page 38

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

15 Funds continued

Information about the various funds held by the charity:

Designated funds

The Building Fund represents funds which have been set aside for the future purchase of a church building.

The Linda Spicer Memorial Fund represents the legacy received from Linda Spicer, a longstanding employee and member of SW London Vineyard, as a result of naming SW London Vineyard as the sole beneficiary of her Unum Life Assurance policy.

Linda made no restrictions as to the way in which the money should be spent. However, on 21 November 2016, the Trustees of SW London Vineyard agreed to establish the fund, to invest it as part of the church's wider investment portfolio and to designate it (but by no means restrict it) for the following:

Restricted funds

The International Mission fund represents donations from members of SWLV to support our mission partnerships oversees. In 2021, this fund was given to Mercy Outreach UK, who run Eden Ministry, New Hope & Yangon Vineyard in Myanmar.

The Yangon Vineyard & Eden Ministry fund represents five specific donations from SWLV members, in support of Yangon Vineyard & Eden Ministry. These were given through their UK charity, Mercy Outreach UK.

The Christmas Presents fund represents financial donations from members of SWLV, who wanted to contribute to the Christmas presents being given to children and adults in need. In 2021, presents were given to individuals escaping domestic violence and survivors of human trafficking (given via Hestia) and to 169 children from vulnerable families in 3 local schools.

The Acts 435 fund represents donations made anonymously by local people online, through the Acts 435 website, for local people in need, that have made an application through us at The Yard.

The London Community Grant was given by the City Bridge Trust, from the London Community Response Fund, so that we could provide essential food items for the vulnerable and needy in response to the COVID-19 crisis, in and around SW15/ SW17/ SW18/ SW19.

The Growbaby fund represents financial donations and donations of baby related items given to the Growbaby ministry run at The Yard, which provides new and good quality second hand clothes and equipment to families with children under 5 years, free of charge.

The Financial Assistance fund represents donations received from members of SWLV, who wanted to help the charity support specific individuals with needs that had become known to the charity.

The 4.2.20 Foundation fund represents donations from members of SWLV, given mainly via Sunday offerings, to support bible translation projects around the world.

16 Operating lease commitments

The minimum amounts payable (until the next break clause and ignoring the potential effect of future rent reviews) under noncancellable operating leases is as follows:

Within one year
Between one and five years
After five years
Hall hire contract
Property leases
Equipment leases
Payments falling due:
During the year the charity was charged the following amounts in respect		 2021
2020
£
£
2,991
2,991
3,739
6,730
-
-
6,731
9,721
of its operating leases:
Other		 2021
£
10,767
44,000
17,417
72,184
2021
£
24,415
34,454
2,991
Land and		 2020
£
6,120
-
-
buildings
6,120
2020
£
15,100
21,715
2,991

Page 39

SW LONDON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

17 Transactions with related parties

During the year the charity received donations totalling £179,020 (2020: £137,085) from related parties (which includes trustees, key management and any person or business closely connected to them).

The freehold property referred to in Note 8 'Tangible fixed assets' represents a 45% interest in a residential property owned jointly with Mr & Mrs N Woodward, who occupy the property; Mr Woodward is a trustee and he, with his wife, are the church's senior leaders. The joint ownership agreement for this property contains clauses that restrict the ability of the charity to realise its investment in the property however none of these restrictions would prevent the charity from instructing the sale of the property should the charity require the proceeds to remain financially viable.

During the year the charity was charged £1,548 (2020: £6,379) in relation to services associated with the above property; this expenditure was incurred in respect of the senior leaders' employment duties. No other expenses were paid to, or for, the trustees (except for reimbursements for expenses incurred when acting as agent for the charity).

The employment benefits paid to key management are disclosed in note 6 'Analysis of staff costs'. In addition during the year the charity paid employment benefits totalling £36,188 (2020: £45,044) to close relatives of the trustees.

18 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

Page 40

SW LONDON VINEYARD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 DECEMBER 2021

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Dividends and interest receivable
Total income and endowments
EXPENDITURE ON:
Investment management costs
Charitable activities:
5
TOTAL EXPENDITURE
Net expenditure before investment losses
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 General
Funds
2021
£
606,365
1,289
2,025
609,680
2,794
569,489
572,283
37,397
15,582
52,978
(23,000)
29,978
639,866
669,844		 Designated
Funds
2021
£
-
-
7,759
7,759
10,705
26,893
37,598
(29,839)
59,689
29,850
23,000
52,850
746,836
799,686		 Restricted
Funds
2021
£
16,592
-
-
16,592
-
9,368
9,368
7,224
-
7,224
-
7,224
702
7,926		 Total
Funds
2021
£
622,957
1,289
9,784
634,030
13,499
605,750
619,249
14,781
75,271
90,052
-
90,052
1,387,404
1,477,456		 General
Funds
2020
£
642,213
812
2,238
645,263
2,168
580,095
582,263
62,999
10,511
73,511
-
73,511
566,357
639,866		 Designated
Funds
2020
£
-
-
10,134
10,134
9,820
28,844
38,664
(28,528)
47,609
19,080
-
19,080
727,756
746,836		 Restricted
Funds
2020
£
18,785
-
-
18,785
-
20,901
20,901
(2,116)
-
(2,116)
-
(2,116)
2,818
702		 Total
Funds
2020
£
660,998
812
12,372
674,182
11,988
629,840
641,828
32,353
58,120
90,473
-
90,473
1,296,931
1,387,404

Page 41