2020-12-31-accounts - Winchester Vineyard Christian Fellowship

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BALANCE SHEET		AS AT 3'I DEC	EMBER 2	020
			Note				2020			2019
							8			6
FIXEDASSETS
Tangible assets							1,517,098			1,557,818
CURRENT ASSETS
Debtors				10,324				15,632
Cash at bank and	in hand			158,706				101,166
				169,030				116,798
CREDITORS: amounts	failing
due within one year			16	~63786,				56,335
NET CURRENT ASSETS							105,244			60,463
TOTAL ASSETS LESS	CURRENT LIABILITIES						1,622,342			1,618,281
CREDITORS: amounts	falling
due after more than		one year					(750,444)			(778,693)
NET ASSETS							871,868			839,588
FUNDS
Restricted funds			12				14,914			12,284
Unrestricted funds			13				856,984			827,304
T01AL FUNDS							871,898			839,588
The company is entitled		to the exemption	from the audit requirement		contained		in section 477of	the Companies		Act 2006,
for the year ended 31	December 2020.		No member	of the company		has deposited a notice,		pursuant	to section 476,
requiring an audit ofthese accounts,

				2020	2019
			Notes	6	6
	NET CASH FLOW PROVIDED BYOPERATING ACTIVITIES			99,021	139,151
	CASH FLOWS FROM INVESTING ACTIVITIES
	Interest rex.ived				107
	CASH FLOWS FROM FINANCING	ACTIVITIES
	Fixed asset additions			(7,567)	(98,699)
	Interest paid			(33,921)	(36,795)
	NET CASH FLOW FOR THE YEAR			57,540	3,764
	NOTES TO THE CASHFLOW	STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020
				2020	2019
1	NET CASH FLOW FOR THE YEAR			6	6
	Change in cash and cash equivalents		in the year	57,540	3,764
	Cash and cash equivalent at start ofthe year			101,166	97,402
	Cash and cash equivalents at the end		ofthe year	158,706	101,166
				2020	2019
2	NET CASH FLOW PROVIDED BYOPERATING ACTIVITIES			6	6
	Net movement in funds for the year			32,310	2,392
	Interest received			(7)	(107)
	Interest paid			33,921	36,795
	Depreciation			48,287	48,175
	Decrease/(increase) in debtors			5,308	(2,965)
	Increase/(decrease) in creditors			(20,798)	54,861
	Net cash flow from operating activities			99,021	139,151

3	ANALYSIS OF CASH AND CASH EQUIVALENTS	ANALYSIS OF CASH AND CASH EQUIVALENTS		2020	2019
				8	6
	Cash at bank and in hand			158,706	101,166
4	ANALYSIS OF CHANGE	IN NET DEBT	A11		At 31
			January		December
			2020	Cash flows	2020
			E	8	E
	Cash at bank and in hand		101,166	57,540	158,706
	Debt due within one year		(27,297)	(417)	(27,714)
	Debt due after one year		(778,693)	28,249	(750,444)
			04,824	85,372	619,452

3	VOLUNTARY INCOME	VOLUNTARY INCOME		Unrestricted	Restricted	Total	Total
				funds	funds	2020	2019
				6	f	6	6
	Gift aid donations			258,749	30,435	289,184	271,902
	Gift aid recoverable			59,208	9,332	68,540	72,886
	Other donations			60,036	29,215	89,251	159,122
				377,993	68,982	446,975	503,910
4	CHARITABLE ACTIVITIES INCOME			Unrestricted	Restricted	Total	Total
				funds	funds	2020	2019
				6	8	8	6
	Premises Hire and Sundry income			5,022		5,022	15,096
	Self-funded activities income			2,497		2,497	21,326
	Income from Vineyard	UK &Churches	Together		10,350	10,350	13,061
				7,519	10,350	17,869	49,483
5	EXPENDITURE
				Unrestricted	Restricted	Total	Total
				funds	funds	2020	2019
				8	6	6	8
	Staff costs			205,486		205,486	207,769
	Church running and maintenance			33,720	13,281	47,001	98,693
	Postage, stationery and	office		4,225	1,060	5,285	9,571
	Travel and hospitality			5,217	1,694	6,911	23,461
	Youth and Children			2,911		2,911	12,016
	Books and CD purchases			270		270	3,007
	Conferences and seminars			2,572	317	2,889	9,857
	Sundries			262	184	446	2,433
	Depreciation			50,471		50,471	48,175
	Mortgage interest			33,921		33,921	36,795
	Bank charges and interest			166		166	1,091
	Missions and donations			13,638	76,232	89,870	91,336
	Professional fees and accountancy			1,463		1,463	4,529
	Independent examiners	fees		1,645		1,645	2,375
	TOTAL EXPENDITURE			355,967	92,768	448,735	551,108

The average number ofemployees during the financi	al year were:
	Number	Number
Pastoral
Administration
	14	14


8	TANGIBLE FIXEDASSETS			Freehold	Equipment	Motor
				Property	PA 8 admin	vehicles	Total
				6	6	6	8
	COST
	At beginning ofperiod			1,938,294	52,509	6,000	1,996,803
	Additions			4,661	2,906		7,567
	Disposals
	At end of pediod			1,942,955	55,415	6,000	2,004,370
	DEPRECIATION
	At beginning of period			411,453	22,278	5,254	438,985
	Charge for the period			38,766	8,775	746	48,287
	Disposal
	At end ofperiod			450,219	31,053	6,000	487,272
	NET BOOK VALUE
	At end ofperiod			1,492,736	24,362		1,517,098
	At beginning of period			1,526,841	30,231	746	1,557,818
9	DEBTORS				2020		2019
					6		8
	Income tax recoverable				5,369		7,259
	Other debtors				4,955		8,373
					10,324		15,632
10	CREDITORS: amounts	falling due within one year			2020		2019
					8		8
	Trade creditors						21
	Bank loans and overdrafts				27,714		27,297
	Accruals and deferred	income			25,033		21,603
	Other creditors				11,039		7,414
					63,786		56,335
	Bank loans are secured	against the freehold	property.
11	CREDITORS: amounts	falling due after more	than one	year	2020		2019
					6		6
	Bank loans				266,444		228,663
	Included above and due after more than five		years:
	Bankloans				628632,		655,732
	Bank loans are secured	against the freehold	property.

17	PRIOR YEAR STATEMEN1	OF FINANCIAL ACTIVITIES	FOR THE YEAR ENDED 31	DECEMBER2019
	(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
			Unrestricted	Restricted	Total
			funds	funds	2019
			Note
	INCOME
	Voluntary income		442,045	61,865	503,910
	Charitable activities		36,422	13,061	49,483
	Investment income		107		107
	TOTAL INCOME		478,574	74,926	553,500
	EXPENDITURE
	Charitable activities		472,793	78,315	551,108
	TOTAL EXPENDITURE		472,793	78,315	551,108
	NET INCOIIIE/(EXPENDITURE)	FOR YEAR	5,781	(3,389)	2,392
TRANSFERS BETWEEN FUNDS			(10,236)	10,236
NET EXPENDITURE FORYEAR			(4,455)	6,847	2,392
FUND BALANCES AT 31DECEMBER 2018			831,759	5,437	837,196
FUND BALANCES AT 31 DECEMBER 2019			827,304	12,284	839,588