WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (REGISTERED NUMBER .' 03073426) REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) INDEX Page Legal and administrative information Trustees annual report Independent examinels report Statement of Financial Activities 10 Balan sheet Cash flow statement 12 Notes to the accounts 14
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Nigel Hemming Nigel Jameson Graham Matthew {Chairp8rson) Matthew Parker Roger Tetstall Ruth Christy Simon Snowball (TreaSur) (Appointed 2 May 2023) (Resigned 11 October 2023) Charlty number 1047868 Company numbgr 03073426 Reglslered office Unit A Bar End Industrial Estate Bar End Road Winchester S023 9NP Independent oxaminer8 Knight Goodhead Limited 7 Bournemouth Road Chandlerfs Ford Eastleigh Hampshire S053 3DA Bankern Bank of Scotland 33 Old Broad Street London
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees, who are also the directors for the purposes ofcompany law, present their report and the accounts for the year ended 31 December 2023. Director8 The directors who served dunng the period Vre.. Nigel Hemming Nigel Jameson Graham Matthews Matthew Parker Roger Tetstall Ruth Christy Simon Snowball (Chairperson) {Resigned 11 October 2023) (Appointed 2 May 20231 al status Winchester Vineyard Christian Fellowship was incorporated on 28 June 1995 and is constituted under its Memorandum and Articles of Association. It was registered as a charity on 11 July1995 and its Charity registration number is 1047868, Ob ective The objects of Winchester Vineyard Christian Fell0vhIp, as laid down in the Memorandum of Association are,. The furtherance of religious or secular public education. the advancement of th8 Christ18n faith including missionary activities in the United Kingdom and overseas and also including but not limited to the planting of new churches and organisations of congregations,, the relief of the poor and needy., the relief of the sick and elderly,. such other charitable objects and for the benefrt of such other charitable bodies and institutions as the Trustees shall in their absolute discretion see fit., To provide ministry to Ihe homeless in Southampton and elsewhere by the provision of food, clothing and counselling. Activities The charity's main focus is promoting spiritual and emotional character growth, and helping those in need regardless of faith or background. We aim to make a tangib18 and positive difference in the communities which we live and work in, as well as partnering with and supporting those who are doing similar work further afield. The charity's services and premises are available to the general public. The charity trustees have complied with their duty to have due regard to the guidance on public benefit published by the charity commission in exercising their powers or duties.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 {continued) Actlvlties contlnued Our charitable purposes a for the public benefit, and are described in detail below.. To develop and run worship setvices and associated ministries, providing oversight and support for voluntsers, developing courses and other events that encourage spiritual growth. To support and train leaders, providing ongoing coaching and training through the Leadership Communty with a particular emphasis on identifying and training new leaders. To grow and multiply small groups who engage with their local communities in a pjsitive way and encourage the development of new groups in new locations. To own and operate a church building in Winchester including offices and meeting rooms for the facilty of ministy and the use of local community groups. To publish information in print and online which communicates vision, values and activits'es for the benefit of church members and the wider community. To raise funds by committed giving, donations, bequests and gifts of money or other goods and property. To apply any assets so obtsined to defraying the working expenses of Winchester Vineyard Christs'an Fellowship and to fund activities that further the objects of Winchester Vineyard Christian Fellowship. To re1ve and administer any funds, donations, bequests, goods or other gifts, now or in the future, for charitable purposes connected with, or calculated to further, the objects of Winchester Vineyard Christian Fellowship. To assist or benefit those in need by way of grants, loans, food, children's clothing and equipment andlor other appropriate means. To make grants to any charity, or charitable fund or charitable institution existing or hereafter established which, in the opinion of the Trustees, directly or indirectly benefits persons in need. Review of activities 2023 was a year of consolidation for Winchester Vineyard Church. Like many other congregations, the church was deeply impacted by the disrupts'on of Covid-19 with much needed re-estsblishment of community & culture. Similarly to many other churches, attendance patt8ms have changed since covid. Although there are significantly more people involved in the life of the church, Sunday seNice attendance, having climbed steadily during 2022, remained consistent during 2023 at around 140 adults and 55 children & teenagers. Pastorally, the emphasis was on discipleship and rediscovering the Kingdom of God - teaching which is central to our theological understanding of our faith. Attendance was particularly high for the Easter Sunday baptism seniice (including baptisms in the local river) and also for both Carol Setvices - to which we welcomed many guests.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Review of activities (continued Connection & community continued ta grow through Lrfe Groups- with many groups now meeting in-person, some continuing online, and a few doing both, Regular prayer meetings continued in various fomis. A monthly'Day of Prayer & Fasting, was established in the Autumn as well as a "week of Prayer, towards the start ofeach temi. 'Come Holy Spirit, gatherings continued on the first Sunday evening of most months. Streams of Hope {Counselling and Healing) appoinlments continued both online and in-person. In September a new Discipleship Year program was established with three students giving 3 days per week to seNe & grow through seNice, teaching & projects. As part of the DY, a team was established regularly heading out onto the streets of Winchester to chat, minister & pray for anyone they would meet. As a result of som8 ofthese connections, and Alpha course was established to help enquirers and new believers discover the basics of faith. Children & Young people's groups continued to flourish with healthy teams and positive momentum- both on Sundays and mid- week. In September, the long-awaited appointment of a new Assistant Pastor over Kids & Youth was welcomed by all. The Annual youth trip to Drearning the Impossible Youth Carnp in July is now firmly established & over 30 teenagers took part. During the year several teenagers were baptised, often citing DTI as playing a key role in their journey of faith. Com as8lon Our Compassion projects continue to seek to serve the practical needs of our local community through the provision of a clothes and baby equipment bank, food hub, fresh food redistribution and street teams. We also launched a youth bus project using a converted double decker bus that acts as a mobile youth centre to support young people's mental health and wellbeing. Despite some significant technical challenges, the Vineyard Bus project kicked off with the bus being used weekly at a local Secondary School for various wellbeing activities including a drop-in session al lunchtirne staffed by youth stsff and volunteers. The aim is to continue building this up during 2024 & 2025. The Storehouse continued to provide Children's Clothes and Baby Equipment for those in genuine need, increasingly to more people who are in work, but struggling to make ends meet due to rising costs. We also host seasonal events such as a School Unrfomi Fair, Christmas Toy Fair and Christmas Hampers. The church works in partnership with Winchester Basics Bank as a local distribution hub for ft)od, and also to supply adult clothes to those in need. In addition, we receive surplus supermarket produce via partnerships with Fare Share and Neighbourly which we redistribute to local families, hostels and a women's refuge. Street Teams continue to visit the homeless regularly in the City Centre, providing support and encouragement as well as food, clothing & sleeping bags.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 {continued) Review of actlvltles continued Compassion statlstiCS Clothes and equipment Emergency food parcels via WBB Fresh food redistribution Uniform Toy fair Hampers 2022 372 adults, 447 children 61 parlS 975 people (plus hoslelsl 71 children 143 children 115 hampers 2023 288 Adults. 365 Children 119 parlS 924 people (plus hostels) 101 children 201 children 95 hampers Global Partners The church continu8S to support several partnerships abroad which include sponsoring Aids Orphans through Karls Kids minislry in Uganda, encouraging peace inibabves in the Middle East, outreach to street children in Brazil. We welcomed a visit from our pathers in Brazil and saw soffle church members travel to Uganda to volunteer at the Annual Karis Kids summer camp. Typically, these projects are supported both by a combinalion of both the church and individual donations. Volunteer Hourn st of the churches activities and projects could not run without the volunteer hours put in by many people. It is ests'mated that members ofthe church and community give around 15,000 hours per year. Membership The church does not have a formal membership bul considers those as functional members who,'- Attend Sunday Sepiices Attend a life group Join a serving team Regularly give financially Invite others to be involved Around 300 adults are tagged on the database as current and active members with GDPR consent given. Winchestef Vineyard Christian Fellowship is registered with the office of the Information Commissioner. Infomab'on stored on the membership database is only used for purposes associated with obtaining the objects of Winchester Vineyard Chrisban Fellowship, as detsiled above. Full details of Winchester Vineyard Christian Fellowship data protection policy a available from the Office Manager.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Financial Revlew Givin The principal income source for Winchester Vineyard Christian FelI0vhIp is through personal donations. In addition, the church is able to claim gift aid for givers who pay tax. Occasionally, additional gifts are invited for specific capital expenditure. Outside of regular giving, people give an enormus amount oftime, energy and resources to benefit the local community- clothes, food bags, street pastors, night-sheller and further afield. For example. a number of people give dirgct to Karls Kids benefrting orphaned children and building new families in Uganda. Reserves olic The reserves policy was changed in 2023. The policy is now to maintain unrestricted cash of 2,0 to 3.0 months of yearly expenses. At the end of 2023 unrestricted reserves fell within this range. Net Income and Savln Totsl incoffle in the year of £639,18512022, £575,406) and 8xpenditure of £623,531 (2022.. £543,735) resulted in a surplus for the year of £15,654 {2022.' £31,671). Fund balances at 31 December 2023 were £941,670 (2022. £926,016), with £57,415 (2022. £43,635) relating to restricted funds. General funds at 31 December 2023 stood al £150,400 {2022.' £186,552). During 2019 a property capital fund was established, representing the value of freehold property less associated borrowings. The balance on this fund at 31 December 2023 is £683,85512022, £695,830). Bank balances at the year end increased lo £191,18712022'. £169,642). In 2023 a designated fund was created with funds agreed by th8 trustees to be put aside to replace the sanctuary roof. The balance of this fund as at 31 December 2023 was £50,000, Staff Penslon The auto-enrolmenl staging took place in August 2016 and is progressing satisfactonly. Future Plans During 2022, a Building Fabric Replacement and Upgrade Schedule was established. This identifies future building work that needs to be done and allows the Trustees to make plans accordingly. The most material item on the list is the likely requirement to replace the Sanctuary Roof at some time befo 2030. Structure Governance and Mana ernent The constitution, organi5ational structure, objeds and methods by which they are attained are as laid down in the Memorandum of Association, which is Winchester Vineyard Christian Fellowship charity's goveming document. Trustees are invited to join the Board by the Chairman, after consultation with existing trustees. Trustees ordinarily serve for a term of three years and, unless they declare otherwise, shall be available for re-election.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Trustees and members of management teams are encouraged to identify opportunities to improve their understsnding of Charity Governance. Expenses associated with governance training are met from Winchester Vineyard Christian Fellowship funds. The trustees actively seek to mitigate the operational risks associated with the routine management of Winchester Vineyard Christian Fellowship's affairs through the creation of a risk management policy and the maintenance of a risk register. Oversight for the creation and Maintenan of a risk register, child protection, vulnerable adult protection, data protection and all related risk management policy is a collective responsibility of the trustees. The coordinating trustee is Roger Tetstall. The tmstees have estsblished a number of teams with responsibility for overseeing various aspects of the charity's affairs and for the attainment of ivs objects. At least one trustee is appointed to each team, and is responsible for reporting any relevant or significant developments to the Board. Team The Pastoral staff team comprised., Nigel and Jo Hemming {Senior Pastors) Stephen Martin {Assistant Pastor: Compassion and Operations) Paul Phillips {Assistant Pastor.. Mission. Prayer and Training) Joy Sleed (Assistant Pastor.. Children and Youth) started September 2023 Louise Martin (Kids Church Manager) stepped down March 2023 Katie Phillips joined the Pastoral team to oversee Youth in a voluntary capacity during 2022 and was paid part time from March to August 2023. Adam Davey (Pastoral Assistant) started September 2023 Team contlnued The Operab'ons tsam comprised.. Stephen Martin (Operations Manager) Alison Hartley (Catering and Admin) Samuel Richards (Bookkeeper) Charles Green (Maintenance Manager) Ben Hibbert Hingston stepped down frotn his role as Social dia and Cofflms Assistsnt in September 2022 Joy Mistry {Pastoral PA and Admin) stopped in August 2023 Rebecca Wood (Communications Assistant} stsrted September 2023 The Compassion team comprised.. Stephen Martin (Storehouse Manager) Julie Iles (Storehouse Project Leader) stopped in January 2023 Andy Clarke (Storehouse Project Leader) started January 2023 The staff team were supported by a small group of (mainly voluntary) Overseers, and a larger Leadership Community lover 60 volunteer leaders} who met from time to time during the year.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 {continued) Statement of resDonsibilities of the members of the committee The trustees. who are also the directors of Winchester Vineyard Christian Fellowship for the purpose of company law, are responsible for preparing the Trustees, Report and the accounts in accordan with applicable law and United Kingdorn Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. Statement of res nslblllties of Ihe members olthe commlttee continued In preparing these accounts, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP,. make judgements and estimates that are reasonable and prudent. and stste whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustses are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial posits'on of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the pventIOn and detedion of fraud and other irregularities. Approved by the trustees on 6 ¥<)7- and signed on their behalf by S Snowball
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP YEAR ENDED 31 DECEMBER 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2023, which are set out on pages 10 to 22. Res onslblllties and basls of re ort As the charivs trustees (and also its directors for the purposes of company law} you are responsibl8 for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the "2006 AGt"I. 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'5 accounts as carried out under section 145 of the Charits'es Act 2011 (the '2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5llbl of the 2011 Act. Inde endent examlner's re ort Since the company's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination beGause l am a member of the Institute of Chartered Accountants in England and Wales, 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 (21 the accounts do not accord with those accounting records,. or (3) the accounts do not comply with the accounting requirements of section 396 of Ihe 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 (41 the accounts have not been ppared in accordance with the methods and principles ofthe 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 IFRS 102), I have no concerns and have come across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enable a proper understanding ofthe accounts to be reached. C J Goodhead FCA Knight Goodhead Limited, 7 Bournemouth Road. Chandlerfs Ford, Eastleigh, Hampshire S053 3DA
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 (Including Income and Expenditure Account) Unrestrfcted funds Restricted fund8 2023 2022 Note INCOME Voluntary income Charitable activities Investment income 383,128 50,586 2,508 158,314 44,649 541,442 95,235 2,508 506,742 67,658 1,006 TOTAL INCOME 436,222 202,963 639,185 575,406 EXPENDITURE Charitable activities 417,128 206,403 623,531 543,735 TOTAL EXPENDITURE 417,128 206,403 623,531 543,735 NET INCOMEI(EXPENDITURE) FOR YEAR 19,094 {3,4401 15,654 31,671 TRANSFERS BETWEEN FUNDS 13 {17,220) 17,220 NET INCOME FOR YEAR 1,874 13,780 15,654 31,671 FUND BALANCES AT 31 DECEMBER 2022 882,381 43,635 926,016 894,345 FUND BALANCES AT 31 DECEMBER 2023 884,255 57,415 941,670 926,016 This statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activits'es. 10
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP Company number: 03073426 BALANCE SHEET AS AT 31 DECEMBER 2023 Note 2023 2022 FIXED ASSETS Tangible assets 1,416,142 1,456,443 CURRENT ASSETS Stock Debtors Cash at bank and in hand 19.316 18,624 191,187 229,127 16,515 11,941 169,642 198,098 10 CREDITORS.. amounts falling due within one year {43,013) 141,317} NET CURRENT ASSETS 186,114 156,781 TOTAL ASSETS LESS CURRENT LIABILITIES 1,602,256 1,613,224 CREDITORS,. amounts falling due after more than one year 12 (660,5861 {687,208) NET ASSETS 941,670 926,016 FUNDS Restricted funds Unrestricted funds 13 14 57,415 884,255 43,635 882,381 TOTAL FUNDS 941,670 926,016 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023. No member ofthe company has deposited a noti, pursuant to section 476, requiring an audit of these accounts. Th8 directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts, which give a Irue and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordan with the requiremenls of s8Ctions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rel8ts.ng to accounts, so far as applicable to the company. These financial stalements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 ofthe Companies Act 2006. Approved by the trustees on 6 Srf IQL* and signed on their behalf by Snowball
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES 79,088 80,256 CASH FLOWS FROM INVESTING ACTIVITIES Interest received 2,508 1,006 CASH FLOWS FROM FINANCING ACTIVITIES Fixed asset additions Proceeds from fixed asset disposal Interest paid {14,746) (26,582) 490 {35,2991 (45,305) NET CASH FLOW FOR THE YEAR 21,545 19,871 NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 1 NET CASH FLOW FOR THE YEAR Change in cash and c8sh equivalents in the year Cash and cash equivalent at slart of the year Cash and cash equivalents at the end of the year 21,545 169,642 191,187 19,871 149,771 169,642 2023 2022 2 NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES Net movement in funds for the year Interest received Interest paid Depreciation Decreasel(increase) in debtors Increasel(decrease) in creditors )vement in stod( 15,654 12,508) 45,305 55,047 (6,683) (24,926) {2,801 } 31,671 (1,006) 35,299 50,874 (2,0671 (35,804) 1,289 Net cash flow from operating activities 79,088 80,256 12
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 3 ANALYSIS OF CASH AND CASH EQUIVALENTS 2023 2022 Cash at bank and in hand 191,187 169,642 4 ANALYSIS OF CHANGE IN NET DEBT At31 Docember 2023 January 2023 Ca8h flows Cash at bank and in hand 169,642 21,545 191,187 Debt due within one year Debt due after one year {31,980> {687,2081 261 26,622 (31,719) 1660,586) (549,5461 48,428 (501,118) 13
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES a) Accounting convention The financial statements have been prepared in accordance viith Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ir81and (FRS102) and the Companies Act 2006. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The accounts have been prepared on the going concern basis. There are no material uncertainties about the charity's ability to continue. b) Fund accounting Unrestrictsd funds a funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the charlty. Restricted funds are funds which are to be used in accordance with specific restrictions imp)sed by donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements. c) Income All income is included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Investment income is included when receivable. • Charitable activities income is accounted for when eamed. d) Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is not netted off against related income and is shown inclusive of VAT which cannot be reclaimed. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and SeNiS for its beneficiaries. It includes both costs that can be allocatsd directly to such activities and those costs of an indirect nature n8ssary to support them. All costs are allocated between the expenditure categories of the Ststement of Financial Adivities on a basis designed to flect the use of the resource. Costs relating to a particular activty are allocatsd directly. 14
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) ACCOUNTING POLICIES (continued) e) Tangible fixed assets and depreciation Fixed assets are capitalised for ongoing use within the charity, where the individual cost of the asset exceeds £300. Depreciab'on is provided on all other tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows.. Land and buildings Fixtures and frttings Motor vehicles Computer equipment 2% straight line 20% straight line 25Yo straight line 33% straight line fj Stocks Stocks held at the year end for distribution are stated at fair value, i.e. an approximation to their shop cost or a discountsd amount where appropriate (for example, second hand iterns). LEGAL STATUS The charity is a company limited by guarantee and has no share capital. The charitable company was incorporated on 28 June 1995 in England and was registered on 11 July1995 with the Charity Commission in England and Wales. The charity is a public benefft entity. The regISted office of the charitable company is Unit A, Bar End Industrial Estate, Bar End Road, Winchester, Hampshire, S023 9NP. 15
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) VOLUNTARY INCOME Unrestricted funds Restrlcted funds Tots 2023 Total 2022 Gift aid donations Gift aid recoverable Donated stocks - Compassion Other donations 257,561 53,482 58,822 13,004 55,723 30,765 158,314 316,383 66,486 55,723 102,850 541,442 301,681 65,072 56,902 83,087 506,742 72,085 383,128 CHARITABLE ACTIVITIES INCOME Unrestrfcted funds Restricted funds Total 2023 Total 2022 Premises Hire and Sundry income Self-funded activits'es income Income frorn Vineyard UK & Churches Together 31.040 19,546 21,335 52,375 19,546 23,314 95,235 28,925 15,419 23,314 67,658 23,314 44,649 50,586 EXPENDITURE Unrestricted funds Restrlcted fund8 Total 2023 Total 2022 Staff costs 218,144 35,291 7,478 33,049 879 5,446 {14,389) 55,047 45,305 303 28,312 2,263 218,144 77,485 13,306 39,774 886 7,189 582 55,047 45,305 303 110,325 2,263 52,922 189,754 70,445 9,940 30,345 914 6,906 (3,084) 50,891 35,299 147 91,520 2.293 58,191 174 543,735 Church running and maintenance Postsge, ststionery and office Travel and hospitality Books and CD purchases Conferences and seminars Sundries Depreciation Mortgage interest Bank charges and interest Missions and donations Independent examiners fees Donations in kind- Compassion Disposal of fixed assets TOTAL EXPENDITURE 42,194 5,828 6,725 1,743 14,971 82,013 52,922 417,128 206,403 623,531 Included within expenditure is £2,263 (2022.. £2,293) payable to the independent examiners for carying out the independent examination. 16
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 {continued) ANALYSIS OF GRANTS Missions and Donations Unrestricted funds Restricted funds Total 2023 Total 2022 Uganda Mission Association of Vineyard Churches Brazil Project Street Pastors Outreach to Muslims Hardship Stsllenbosch Vineyard, South Africa Bosnia Project Open Doors Dreaming The Impossible Intemational Justice Mission Short Term Missions Winchester Hospice Other donab'ons under £1,000 each 15,706 15.706 24,260 16,472 1,800 20,649 1,983 1,200 14,403 16,200 17,901 1,800 21,496 3,914 1,200 3,042 3,000 24,260 16,472 1,800 20,649 1,983 1,200 1,200 14,501 1,200 1,300 1,200 14,501 1,200 1,300 1,071 8,983 110,325 1,071 373 27,504 8,610 82,821 8,564 91,520 STAFF COSTS 2023 2022 Wages and salaries Social security Pension 197,135 9,123 11,886 218,144 171,532 7,056 11,166 189,754 No employee reiVed emoluments greater than £60,000 in the current or prior year. Key management vRre paid a total of £131,173 payable to three12022'. three) employees (2022: £116,064), of which £19,239 is made up of employers Nl and pension contributions. The average number of employees during the financial year were.. 2023 Number 2022 Number Pastoral Administration 12 12 17
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) TANGIBLE FIXED ASSETS Freehold Fixtures, fitting8 property & equipment Motor vehicles Total COST At beginning of period Additions Disposals At end of period 1,942,955 96,530 14,746 6,000 2,045,485 14,746 1,942,955 111,276 6,000 2,060,231 DEPRECIATION At beginning of period Charge for the period Disposal At end of period 527,937 38,859 55,105 16,188 6,000 589,042 55,047 566,796 71,293 6,000 644,089 NET BOOK VALUE At end of period At beginning of period 1,376,159 1,415,018 39,983 41,425 1,416,142 1,456.443 STOCK At beginning of period Donated Donated At end of perlod stock in Stock out 16,515 55,723 {52,922) 19,316 Items of stock which relate to our Compassion project are valued at approximats purchase price. 10 DEBTORS 2023 2022 Trade debtors Income tax recoverable Other debtors 144 6,574 11,906 18,624 1,767 4,716 5,458 11,941 11 CREDITORS.. amounts falling due within one year 2023 2022 Trade creditors Bank loans and overdrafts Accruals and deferred income Other creditors 31,719 4,148 7,146 43,013 31,980 3,552 5.785 41,317 18
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 12 CREDITORS, amounts falling due after more than one year 2023 2022 Bank loans 660,586 687,208 Included above and due after more than five years: Bank loans Bank loans are secured against the freehold property. 518,985 552,367 13 RESTRICTED FUNDS Transfers between lunds At beginning of perlod Income Expendlture At end of perlod Building fund Mission fund Streams of Hope Compassion Hardship fund Vineyard Churches Youth Bus Solent Vineyard 9,712 57,906 338 79,968 1,178 23,314 9,335 21,212 202,963 19,712) (73,123} 14751 169,8611 (3,1351 {23,3141 (12,6001 {14,183) (206,403) 4,247 3,174 23,734 5,200 16,439 5,469 3,037 20,241 3,243 {13,600) 14,381 11,116 14,309 57,415 7,280 43,635 17,220 Building Fund For members to contribute towards the cost of future building developments in our venue. Mlssion Fund For members to support rnission projects and partners overseas who share our charity objectives and have been approved by Trustees. Streams of Hope For recipients to make voluntary contributions towards the management and operation of the Streams of Hope counselling and healing ministries, and to finance Streams of Hope training conferences. Compasslon The church's Compassion ministry helps people in need in a variety of practical ways, Compassion receives a number of restricted donations, whilst receiving a small budget from the church's unrestricted funds, allocated by the Trustees. Hardship Fund The Hardship Fund exists to help cornmunrty members in need with small loans andlor financial gifts. The fund receives restricted donations as well as repayments from loan recipients. Wineyard Churche8 Vineyard Churches receives its funding from Vineyard Churches UKI, this enables the senior pastors lin their role as Vineyard Regional Overseersl to support and train other Vineyard church leaders in the south of England. 19
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Youth Bus The Wineyard Bus is a mobile youth ntre seeking to help tackle isolation and loneliness, and providing a base for mental health and wellbeing courses. Solent Vlneyard Solent Vineyard is a new church plant which launched publicly in Sep 2021. Solent members, contributions are restricted for use in their church plant. Winchester Vineyard is holding the fund until they grow large enough to form a separate charity. 14 UNRESTRICTED FUNDS I roii¥ivr At b6ginnlng of perlod Income Expenditure between fund¥ At end of perlod Oesignated funds Roof replacernent fund Propety capital fund 50,000 72,189 122,189 1139,409) 117,220) 50,000 683,855 733,855 150,400 884,255 695,830 695,830 186,551 882,381 (84,1641 184,1641 (332,964) (417,128) Gen8ral funds Total unrestricted funds 436,222 436,222 Property capltal lund The property capital fund represents the net book value of property less the value of mortgages secured against the propety. Roof replacement fund The roof replacement fund is towards the replacement of the church roof which is likely to be necessary around the end of this decade. 15 ANALYSIS OF NET ASSETS BY FUND Restrlcted fund8 Unrestrlcted funds 2023 Totsl At 31 Decomber 2023 Tangible assets Current assets Current liabilities Long term liabilities 1,416,142 171,712 143,013) 1660,5861 884,255 1,416,142 229,127 {43,013) (660,586) 941.670 57,415 57,415 Restricted funds UnrestriGted funds 2022 At 31 December 2022 Total Tangible assets Current assets Current liabilities Long temi liabilities 1,456,443 154,464 141,317) 1687,208) 882,382 1,456,443 198,098 {41,317) (687,208) 926,016 43,635 43,635 20
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 16 RELATED PARTY TRANSACTIONS During the year, N Hemming trustee, was paid a total of £47,844 (2022. £45,592) for his role as Pastor, including contributions to a personal pension scheme, During Ihe year, J Hemming, wife of N Hemming, was paid a total of £30,468 (2022.. £23,269) for her role as Pastor, including contributions to th8 employer pension scheme. During the year, two trustees were paid expenses totalling £3,197 (2022.. 2 tnjstees £3,346) and three related parties were paid expenses totalling £67312022.. 2 related party £493). 17 PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 (INCLUDING INCOME AND EXPENDITURE ACCOUNT) Unrestricted lund8 Restrlcted funds Total 2022 Note INCOME Voluntary income Charitable activities Investment income 362,100 29,209 1,006 144,642 38,449 506,742 67,658 1,006 TOTAL INCOME 392,315 183,091 575,406 EXPENDITURE Charitable activities 350,925 192,810 543,735 TOTAL EXPENDITURE 350,925 192,810 543,735 NET INCOMEI(EXPENDITURE) FOR YEAR 41,390 (9,719) 31,671 TRANSFERS BETWEEN FUNDS {17,957} 17,957 NET EXPENDITURE FOR YEAR 23,433 8,238 31,671 FUND BALANCES AT 31 DECEMBER 2021 858,948 35,397 894,345 FUND BALANCES AT 31 DECEMBER 2022 882,381 43,635 926,016 This statement of financial activitie5 includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. 21
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) 18 PRIOR YEAR FUNDS NOTES RESTRICTED FUNDS 2022 Transfers between funds At beginnlng of perlod Income Expendltur8 At end of perlod Building fund Mission fund Streams of Hope Compassion Hardship fund Vineyard Churches Youth Bus Solent Vineyard 23,686 42,622 440 78,085 2,902 23,314 1,613 10,429 123,6861 159,0741 (1,085) {73,528} {3,9141 123,3141 {4,182) (4,026) 3,490 3,819 19,177 6,091 17,208 4,247 3,174 23,734 5,200 121 1,942 877 627 7,280 35,396 183,091 (192,8091 17,956 43,635 UNRESTRICTED FUNDS 2022 Transfers between funds At beglnnlng of perlod Income Expendlture At end of perlod Deslgnated funds Property capital fund 705,262 705,262 153,687 858,949 174,158) {74,158) (276,767) (350,9251 64,726 64,726 {82,683) (17,957) 695.830 695,830 186,552 882,381 General fvnds Total unrestricted funds 392,315 392,315 22