WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (REGISTERED NUMBER .' 03073426) REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I Iiiiilllii 'AE7YNJBS• 3110712025 COMPANIES HOUSE A09
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) INDEX Page Legal and ailminislrative information Tnjstees annual report Independent examiner's report ststement of Financial Activities 10 Balance sheet 11 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 TNstees Nigel Hemming Nigel Jameson Graham Matthew (Chairperson) Roger Telstall Ruth Christy Simon Snowball (Treasurer) {Resigned 9 December 2024) Charlly number 1047868 Cornpany number 03073426 Registered office Unil A Bar End Induslrial Estate Bar End Road Winchester S023 9NP Independent examlners Knight Goodhead Limited 7 8oumemouth Road Chandler's Ford Easlleigh Hampshire S053 3DA Bankers Bank of Scoland 33 Old Broad Slreet London
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, who are also the directors for the purposes of company law, present their report and the accounls for the year ended 31 December 2024. Directors The direclors who served during the period were.. Nigel Hemming Nigel Jameson Graham Matthews Roger Telslall Ruth Christy Simon Snowball {Chairperson) IResigned 9 December 20241 Le al slatus Winchester Vineyard Christian Fellowship was incorporated on 28 June 1995 and is constituted under ils Mefflorandum and Artides ' of Assoaation.11 was registered as a charity on 11 July1995 and ils Charity registration number is 1047868. Ob'ective The objects of Winchester Vineyard Christian Fellowship, as laid down in the Memorandum of Association are.. The furtherance of religious or secular public education., the advancement of the Christian faith including missionary activities in the United Kingdom and overseas and also including bul nol limited to the planting of new churches and organisalions of congregations., the relief of the poor and needy., the relief of the sick and elderly., such other charitable objects and for Ihe benefit of such other charitable bodies and inslilulions as the Trustees shall in their absolute discretion see fil. Activities The charity's main focus is promoting spiritual and ernolional character growth, and helping those in need regardless of faith or background. We aim lo make a tangible 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 charivs senrfices 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 2024 (continued) Activities continued Our charitable purposes are for the public benefit. and are described in detail below.. To develop and run worship seNices and associated ministries, providing oversighl and support for volunteers, developing courses and olher events that encourage spiritual growth. To support and train leaders, providing ongoing coaching and training through the Leadership Community wilh a particular emphasis on idents'fying and training new leaders. To grow and multiply small groups who eNJage wilh their local communities in a positive 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 facilily of ministy and the use of local community groups. To publish information in print and online whith communicates vision, values and activities for the benefit of church membe and the wider community. To raise funds by committed giving, donats'ons. bequests and gifts of money or other goods and propety. To apply any assets so obtained to defraying the working expenses of Winchesler Vineyard Christian Fellowship and lo fund acts'vilies Ihal further the objects of Winchester Vineyard Chrislian Fellowship. To receive and administer any funds, donab'ons. bequests, goods or other gifts, now or in the fvture, for charitsble purposes connected with, or calculated lo further, the objects of Winchester Vineyard Christian Fellowship. To assist or benefit those in need by way of grants, loans, food, children's dolhing and equipment andlor other appropriate means. To make grants to any charity, or charitable fund or charitable institution existing or hereafter estsblished which, in the opinion of the Trustees, direcuy or indirectly benefits persons in need. Review of activilies During 2024 the church continued lo consolidate the post<ovid activity of the previous year, and build a positive sense of momentum. Regular attendance at the moming service remained consislenl at around 140 adults and SO children & teenagers. Connection & community continued lo grow Ihrough Llfe Groups, with approximately 140 adults attending 14 groups during the year. Most groups meel in person with a couple online and many will take the previous Sunday's talk as their theme with questsons provided for further discussion, leaming, prayer & u)mmunity building. Pastorally, the emphasis was on the gospel and the basics of discipleship, with a particular emphasis on leaching through the book of Luke in the summer lemi. In the autumn, the whole church went through the well-known 'PTactsung the Wal course by John Mark Comer on the basics of discipleship. Regular monlhly prayer gatherings conlinueij through 2024 with a monthly'Day of Prayer & Fasts'ng,, a %¥eek of Prayerf lowards the start of each term & 'Come Holy SpiTiI' gathenngs most months. In December the church held an additional week of prayer in particular response to a high degree of ill health among the community, and specifically prayed for the sick on many occasions through the week. Streams of Hope {Counselling and Healing) appointments continued both online and in-person.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Review of activities continued Both Easter & Christmas gave rise to invitation events, and in particular the return visit of the children's fami animals provided a great opportunity for many guests. Attendance was particularly high for the Easter Sunday baptism seNice1173) and also for both Carol Services- to which we also welcomed many guests1235 in total across both services). The church a150 hosted "l Am mark'_ a dramatic perfomiance of the gospel of Mark which was attended by many church members & guests. The annual church weekend al Lockerley Water Farm in June attracted around 140 over Ihe weekend and continues to be a popular gathering for families lo relax and deepen relationships. Childn & Young people's groups continued to flourish helped by the new Assistsnt Pastor over Kids & Youlh who is firmly established & facilitating healthy teams and positive momentum - both on Sundays and mid.week. In September Ihe tsvice monthly mid-week youth gathering increased lo include new Youth Life Groups, which have proved popular with youlh and parents alike. The annual trip lo Dreaming the Impossible Youth Camp in August proved popular with over 30 teenagers attending and several adults facililaling as well as others serving on the main DTI 'Dream Team,. During the year several teenagers were baplised, often cits'ng DTI as plawng a key role in Iheir journey of faith. In September the church marked 20 years since being planted in 2004, Video interviews with original & long-standing members were posted online to share the story of the church. Founding pastor Hugh Cryer was the guest of honour al a special service, followed by a celebration lunch with around 240 people including several old members, In July, three students completed the Discipleship Year which began in September 2023, One new student started in September 2024, mainly serving in Compassion. Corn assion Our Compassion projects conts'nued lo seek lo serve the practical needs of our local communily through the provision of a clolhes and baby equipment bank, foodhub, fresh food redistribution and street tearns. The Youth bus continued to be used weekly al a local Secondary School for various wellbeing activities including a drop-in session al lunchtime staffed by youth staff and volunteers. The Storehouse continued to provide Children's Clothes and Baby Equipment for those in genuine need, increasingly to more people who are in work, bul struggling to make ends meet due lo rising costs. We also host seasonal events such as a School Unifom Fair, Christmas Toy Fair and Christmas Hampers. The churth works in partnership with Winchester 8asics Bank as a local distribution hub for food, and also to supply adult clolhes to those in need. In addition, we receive surplus supermarket produce via partnerships with Fareshare and Neighbourly which we redistribute to local families, hostels and a women's refvge. Street Teams continue to visit the homeless regularty in the City Cenlre, providing support and encouragemenl as well as food. clothing & sleeping bags.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Review of activities continued Compassion statistics Clothes and equipment Emergency food parcels via WBB Fresh food redistribution Unifomi Toy fair Hampers School lunch scheme 2023 288 adults, 365 children 119 parcels 924 people (plus hoslels) 101 children 201 children 95 hampers 2024 331 adults, 398 children 150 parcels 924 people (plus hoslelsl 90 children 222 children 75 hampers 266 lamilies Global Partners The churth conlinues to support several partnerships abroad whith include sponsoring Aids Orphans through Karis Kids ministry in Uganda. encouraging peace inilialives in the Middle East, outreach lo street children in Brazil. Typically, Ihese projects are supported bolh by a combination of both the church and individual donation5. A live music party & auction in November helped to raise additional fvnds lor Karls Kids. Volunteer Houfs M05t of the churches activities and Projects could not run without the volunteer hours put in by many people. It is estimated that members of the church and community give around 15,000 hours per year. Membershlp The church does not have a formal membership bul considers those as fvnclional members who.'- Attend Sunday Serrfices Attend a life group Join a seNng team Regularly give financially Invite others lo be involved Around 300 adults are tagged on the datsbase as current and active members wsth GDPR consent given. Winchester Vineyard Chrislian Fellowship is registered with the office of the Information Commissioner. Information stored on the membership database is only used for purposes associated with obtaining the objects of Winchester Vineyard Chriskn'an Fellowship. as detailed above. Full details of Winchester Vineyard Christian Fellowship dats proleclion policy are available from the Office Manager.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Financial Review Givin The principal income source for Winchester Vineyard Christian Fellowship is through personal donations. In addition, the church is able lo claim gift aid for givers who pay lax. Occasionally, addilional gifts are inwled for specific capital expenditure. Outside of regular giving, people give an enomous amount of time, energy and reSoUrS to benefit Ihe local community - clothes, fwd bags, street pastors, nighl-shelter and further afield. For example, a number of people give direct to Karis Kids benefiting orphaned children and building new families in Uganda. Reserves olic The reseNes policy was changed in 2023. The policy is now lo maintsin unrestricted cash of 2.010 3.0 months of yearly expenses. At the end of 2024 unrestricled resenrfes were greater than 3 monlhs. Nel Income and Savin Total income in the year of £644,881 (2023.. £639,185) and expenditure of £630,03312023'. £623,531) resulted in a surplus for the year of £14,848 {2023'. £15,6YI. Fund balances at 31 December 2024 were £956,518 (2023.. £941,670), with £77403 (2023.. £57,415) relating lo reslricled funds. General funds al 31 December 2024 stood at £149,993 (2023: £150,400). During 2019 a property capitsl fund was established, represenling Ihe value of freehold property less associated borrowings. The balance on this fund ai 31 December 2024 is £672,41512023.' £683,855). Bank balances ai the year end inGrea5ed lo £218,037 (2023.. £191,187). In 2023 a designated fund was crealed with funds agreed by the trustees to be put aside lo replace the sanctuary roof. The balance of this fund as al 31 December 2024 was £56,70712023'. £50,000). Future Plans During 2022, a Building Fabric Replament and Upgrade Schedule was estsblished. This identifies future building work that needs to be done and allows the Trustees lo make plans accordingly. The most material item on the list is Ihe likely requirement to replace the Sanctuary Roof al some lime before 2030. Slructure Goveman¢e and Mana ement The constitution, organisalional stnjcture, objects and methods by which they are allained are as laid down in the Memorandum of Association, which is Winchesler Vineyard Christian Fellowship charity's goveming document. Tnjstees are invited to join the Board by the Chainnan. after consultation with existing trustees. Trustees ordinarily serve for a term of three years and, unless they declare olhenvise, shall be available for re*leclion.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) Trustees and members of management teams are encouraged to identify opportunities lo improve their understsnding of Charity Governance. Expenses associated with governance training are met from Winchester Vineyard Chriskn'an Fellowship funds. The trustees adively seek lo miligale the operational risks associated With the routine management of Winthesler Vineyard Chrislian Fellowship's affairs through the creats'on of a risk management policy and the maintenance of a risk register. (ersight for the creation and rna1ntenan of a risk register, child protection, vulnerable adull protection. data protection and all related risk management policy is a collective responsibility of the trustees. The coordinating trustee is Roger Tetstsll. The trustees have estsblished a number of teams with responsibility for overseeing various aspects of the charivs affairs and for the attsinment of il's objects. At least one tnjstee is appointed io each team, and is responsible for repoln9 any relevant or significant developments to the Board. Team The Pastoral staff team comprised.. Nigel and Jo Hemming {Senior Pastors) Stephen Martin (Assislanl Pastor.. Compassion and Operations) Paul Phillips {Assistanl Pastor.. Mission, Prayer and Training) Joy Sleed (Assistanl Pa51or.' Children and Youth) Adam Davey (Pastoral Assistsnll The Operations team comprised.. Slephen Martin (Operations Manager) Alison Hartley (Catering and Admin) Samuel Richards (Bookkeeper) Chartes Green (maintenan Manag8rl Chadotte Henderson Clarke (Pastoral PA and Admin) stopped in December 2024. Rebecca Wood (Communications Assistant) The Compassion team comprised.. Stephen Marts'n (Storehouse Manager) Michelle Leigh (Storehouse Project Leaderl Started April 2024 The staff leam were supported by a small group of (mainly volunlaryl Overseers. and a larger Leadership Community (over 60 volunteer leaders) who met Irom time lo lime during the year.
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 20241continued) Statemenl of res onsibilities of the members ofthe committee The ITUStees, 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 accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees lo 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 charitsble company for that year. Statement of res onsibilities of the members of the committee continued In preparing these accounts, the trustees are required lo.. select suitable accounting policies and then apply them consistently., obsepie the methods and principles in the Charities SORP., make judgements and eslimaies that are reasonable and prudent., and stste whether applirAble accounting standards have been followed, subject lo any material departures disclosed and explained in the financial slalements,. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any tsme the financial position of the charity and enable them to ensure that the financial statements comply with the Charilies Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, Approved by the Iruslees on 'L L '2aLS and signed on their behalf by ball
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report lo the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024, which are sel out on pages 1010 22. Res onsibilllles and basls of re ort As the charity's trustees (and also ils director5 for the purposes of company lawl 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 reouired to be audited under Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my exarnination of your charity's accounts as carried out under seclion 145 of the Charities Act 2011 (the '2011 Act'l. In carying out ffly examination I have followed the Directions given by the Charity Commission under section 145{5llb) of the 2011 Act. Inde endant examlnees re ort Since the company's gross incorne eeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualified lo undertake the examination because l am a Member of the Instilule of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examinatson, I confirm that no matters have come to my attention in connectson wilh the examinalion giving me cause lo believe.. (11 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 12) the accounts do not acwrd with those accounting records., or 13) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other Ihan any requirement that the accounts give a 'lrue and fair, view which is not a rnatter considered as part of an independent examinatson; or (4) the accounts have not been prepared in accordance with the methods and principles of Ihe Slalement of Recommended practice for accounting and reporting by charitie5 applicable to charities preparing their accounts in accordance wilh Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. C J Goodhead FCA Knight Goodhead Limited, 7 Boumemouth Road, Chandlerfs Ford, Easlleigh, Hampshire S053 3DA Lot T-4 U)LS
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 (Including Income and Expenditure Account) Unrestricted funds Restricted funds 2024 2023 Note INCOME Voluntsry income Charitable al¥ll1e$ Inve51menl income 389,991 75,277 3,646 155,956 20,011 545,947 95,288 3,646 541,442 95,235 2,508 TOTAL INCOME 468,914 175,967 644,881 639,185 EXPENDITURE Charitable activits'es 452,222 177,811 630,033 623,531 TOTAL EXPENDITURE 452,222 177,811 630,033 623,531 NET INCOMEI(EXPENDITURE) BEFORE TRANSFERS 16,692 11,8441 14,848 15,654 TRANSFERS BETWEEN FUNDS 13 (21.832) 21,832 NET INCOMEI(EXPENDITURE) FOR YEAR (5,140) 19,988 14,848 15,654 FUNO BALANCES AT 31 DECEMBER 2023 884,255 57,415 941,670 926,016 FUND BALANCES AT 31 DECEMBER 2024 879,115 77,403 956,518 941,670 This ststement of finanaal activities includes all gains and losses recognised in the year. All incoming resources and resource5 expended derive from continuing activities. 10
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP Company number: 03073426 BALANCE SHEET AS AT 31 DECEMBER 2024 Note 2024 2023 FIXED ASSETS Tangible assets 1,389,357 1,416,142 CURRENT ASSETS Stock Debtors Cash al bank and in hand 14.707 16,260 218,037 249,004 19,316 18,624 191.187 229,127 10 CREDITORS: amounts falling due within one year {49,928) {43,013) NET CURRENT ASSETS 199,076 186.114 TOTAL ASSETS LESS CURRENT LIABILITIES 1,588,433 1,602,256 CREDITORS.. amounts falling due after more than one year 12 1631,915) 1660,586) NET ASSETS 956,518 941,670 FUNDS Reslricled funds Unrestricted funds 13 14 77,403 879,115 57,415 884.255 TOTAL FUNDS 956,518 941.670 The company is entitled to the exemption from Ihe audit requirement contained in section 477 of the Companies Act 2006, for year ended 31 December 2024. No member of the company has deposited a nots'o, pursuanl to seth'on 476, requiring an audit of Ihese accounts. The directors acknowledge their responsibilities for ensuring that the wmpany keeps acLounts'ng recofds which comply with section 386 of the Act and for preparing accounts, whith give a true and fair view of the siale of affairs of Ihe company as al Ihe end of the financial year and of ils incoming resources and applirAlion of resources, induding its income and expenditure, for the financial year in accordance wilh the requirements of sections 394 and 395 and which otherwise comply with the qUIrementS of the Companies Act 2006 Telaling to accounts, so far as applicable io the company. These finanual stslements have been prepared in accordance with Ihe provisions applicable to companies subject to the small companies regime within Part15 of the Companies Act 2006. Approved by the trustees on 2s>U and signed on their be S Sn()wball 11
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capital) CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES 100,820 79,088 CASH FLOWS FROM INVESTING ACTIVITIES Interest received 3,646 2,508 CASH FLOWS FROM FINANCING ACTIVITIES Fixed asset additions Proceeds from fixed asset disposal Interest paid (31,924) (14,746) (45,692) (45,305) NET CASH FLOW FOR THE YEAR 26,850 21,545 NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 1 NET CASH FLOW FOR THE YEAR Change in rAsh and cash equivalents in the year Cash and cash equivalent al start of the year Cash and cash equivalents ai Ihe end of the year 26,850 191,187 218,037 21,545 169,642 191,187 2024 2023 2 NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES Nel movement in funds for the year Interest received Interest paid Depreciation Decreasel{increase) in debtors Increasel{decreasel in creditors. Movement in stock 14,848 (3,646) 45,692 58,709 2.364 121,7561 4,609 15,654 (2,508) 45,305 55,047 (6,683) (24,926) (2,801) Net cash flow from operating activities 100,820 79,088 12
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP (Company limited by guarantee and not having a share capitsl) NOTES TO THE CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 3 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash at bank and in hand 218,037 191,187 4 ANALYSIS OF CHANGE IN NET DEBT At1 January 2024 At31 December 2024 Cash flows Cash at bank and in hand Debt due within one year Debt due after one year 191,187 131,7191 1660,5861 26,850 11,252) 28,671 218,037 132,9711 (631.9151 1501,1181 54,269 1446,8491 13
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES a) Accountsng convents'on The finanaal statements have been prepared in accordance with Accounting and Reporting by Charities- Slalement of Recommended Practice applicable lo charits'es preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151- (Charities SORP (FRS 1021), the Finanaal Reportsng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Acl 2006. The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially cOgnised at historical cost or transaction value unless otherwise slated in the relevant accounting policy note. The accounts have been prepared on the going concern basis. There are no material uncertainties aboul the charity's ability to continue. b) Fund accounling Unresiricled funds are funds that are available for use al the discretion of the trustees in furtheran of the general objectives of Ihe charity. Restricted funds are.lunds which are to be used in accordance,with specific resiriciions imposed by donors or which have been- raised by the charity for particular purposes, The aim and use of each restricted fund is sel out in the notes to the financial stalemenls. cl Income All income is induded in the Statement of Financial Activities when the charity is legally entitled lo the income and the amount can be quantified wth reasonable accuracy. The following specific policies are applied to particular calegones of income- Inveslrnenl inrArne is included when receivable. Charitable activities income is accounted for when earned. d) Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings Ihat 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 SeThiS for ils beneficiaries.11 indudes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. All costs are allocated behveen the expenditure categories of the Slalement of Financial Aclivrtie5 on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. 14
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) ACCOUNTING POLICIES (continued) el Tangible fixed assets and depreciation Fixed assets are capitslised for ongoing use wilhin the charity, where the individual cost of the asset exceeds £300. Depreciation is provided on all other tangible fixed assets at rates calculated lo write off the cost on a straight line basis over their expected useful economic lives as follows.. Land and buildings Fixtures and fith'ngs Motor vehicles Computer equipment 2D/o Straight line 20Vo Straight line 250A straight line 33010 Straight line Q Stocks Stocks held al the year end for distribution are slated al fair value, i.e. an approximab'on lo their shop cost or a discounted amount where appropriate (for example, second hand ilemsl. LEGAL STATUS The charity is a company limited by guarantee ané has no share capitsl. The charitable company was incorporated on 28 June 1995 in England and was regislered on 11 July 1995 with the Charity Commission in England and Wales. The chaiily is a public benefit entity. The registered office of the charitable company is Unil 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 2024 (continued) VOLUNTARY INCOME Unrostrlcted funds Restricled funds Tolal 2024 Total 2023 Gift aid don81ions Gift aid recoverable Donated stocks - Compassion Other donations 273,116 62,049 47,120 12,573 51,931 44,332 155,956 320,236 74,622 51,931 99,158 545,947 316,383 66,486 55,723 102,850 541,442 54,826 389,991 CHARITABLE ACTIVITIES INCOME Unrestrl¢t¢d funds Restricted funds Total 2024 Tolal 2023 Premises Hire and Sundry income Self-funded activits'es income Income from Vineyard UK & Churches Together 57,711 17,566 57,711 17,566 20,011 95,288 52,375 19,546 23,314 95,235 20,011 20,011 75,277 EXPENDITURE Unrestricted funds Restricted funds Total 2024 Total 2023 Staff costs Churth running and maintenance Postage, slalionery and office Travel and hospilalily 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 TOTAL EXPENDITURE 233,446 48,966 9,156 21,440 581 26,651 11,278 4,894 19,439 180 260,097 60,244 14,050 40,879 761 12,081 314 58,709 45,692 224 77,988 2,454 56,540 630,033 218,144 77,485 13,306 39,774 886 7,189 582 55,047 45,305 303 110,325 2,263 52,922 623,531 5,479 314 58,709 45,692 224 25,761 2,454 6,602 52,227 56,540 177,811 452,222 Included within expenditure is £2,45412023'. £2,263) payable lo ltte independent examiners for carrying out the independenl examination. 16
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) ANALYSIS OF GRANTS Missions and Donats'ons Unrestricted funds Restricted funds Total 2024 Totsl 2023 Uganda Mission Association of Vineyard Churches Brazil Project Street Pastors Outreach to Muslims Hardship Stellenbosch Vineyard, South Africa Church Planting Open Doors Dreaming The Impossib18 Inlemational Justice Mission Short Temi Missions Winchester Hospice- Other donations under £1,000 each 14,959 14,9sg 19,680 11,939 1,800 9,171 5,994 1,200 2,700 1,200 15,706 24,260 16,472 1,800 20,649 1,983 1,200 19,680 11,939 1,800 9,171 5,994 1,200 2,700 1,200 1,200 14,501 1,200 1,300 1.071 8,983 110,325 1,218 1,218 1,581 25,761 6,546 52,227 8,127 77,988 STAFF COSTS 2024 2023 Wages and salaries Social security Pension 233,774 11,966 14,357 260,097 197,135 9,123 11,886 218,144 No employee received emoluments greater than £60,000 in the current or prior year. Key management were paid a total of £167,867 payable lo four (2023.. three) employees (2023.. £131,173), of which £26,903 is made up of employers Nl and pension conlribulions. The average number of employees during the financial year were.. 2024 Number 2023 Number Pastoral Administration 13 12 17
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) TANGIBLE FIXED ASSETS Freehold Fixtures, fittings property & equipment Motor vehicles Total COST At beginning of period Additions Disposals At end of period 1,942,955 111,276 31,924 6,000 2,060,231 31,924 1,942,955 143,200 6,000 2,092,155 DEPRECIATION At beginning of period Charge for the period Disposal At end of period 566,796 38,859 71,293 19,850 6,000 644,089 58,709 605,655 91,143 6,000 702,798 NET BOOK VALUE Al end of period Al beginning of period 1,337,300 1,376,159 52,057 39,983 1,389,357 1,416,142 STOCK At beginning of period Donated Donated At end of period stock in st¢ck out 19,316 51,931 156,5401 14,707 Items of stock which relate lo our Compassion project are valued at approximate purchase price. 10 DEBTORS 2024 2023 Trade debtors Income tax recoverable Other debtors 144 6,574 11,906 18,624 6,198 10,062 16,260 CREDITORS.. amounts falling due within one year 2024 2023 Trade creditors Bank loans and overdrafts Accruals and deferred income Other creditors 2,549 32,971 4,374 10,034 49,928 31.719 4,148 7,146 43,013 18
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 12 CREDITORS.. amounts falling due after ffl0 than one year 2024 2023 Bank loans 631,915 660,586 Included above and due after more than five years.. Bank loans Bank loans are secured against the freehold propety. 484.764 518,985 13 RESTRICTED FUNDS Transfers between funds At beginning of perlod Incom• Expenditure At end of period Mission fund Slreams of Hope Cornpassion Hardship fund Vineyard Churches Youth Bus Solenl Vineyard 5,469 3,037 20,241 3,243 30,781 1,014 70,313 4,328 20,011 20.107 29,413 175,967 {39,6871 {1,2361 {70.0041 {5,994) 120,011) 115,5Y) 125,2851 1177,811) 19,000 15,563 2,815 20.550 4,409 2,832 11,116 14,309 57,415 15,629 18,437 77,403 21,832 Mlislon Fund For Members lo support rnission projects and parlners overseas who share our eharity objectives and have been approved by Truslees. Streams of Hope For recipients to make volunlary contributions towards the rnanagemenl and operation of the Slreams of Hope counselling and healing rninistries, and lo finance Streams of Hope training conferences. Compas¥lon The thurch's Compassi(m 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, Hardihip Fund The Hardship Fund exists to help community members in need wilh small loans andlor finan31 gifts. The fund receives restricted donations as well as repayments from loan recipients. Vineyard Churches Vineyard Churches receives ils funding from Vineyard Churthes 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 2024 (continued) Youth Bus The Vineyard Bus is a mobile youth centre seeking to help tackje isolation and loneliness, and providing a base for mentsl health and wellbeing courses. Solent Wineyard Solent Vineyard is a new church plant which launched publidy in Sep 2021. Solent membets, contributions are reslricled for tjse in their thurth plant. Winchester Vineyard is holding the fund unb'l they grow large enough to fom) a separate charity. 14 UNRESTRICTED FUNDS Transfers between funds At begSnnlng of perlod Income Expenditur• At end of period Designated funds Roof replacement fvnd Propety capital fund 50,000 683,855 733,855 150,400 884,255 6,707 56,707 672,415 729,122 149,993 879,115 (84,550) (84,550) {367,672) {452,222} 73,110 73,110 {94,942) 121,8321 6,707 462,207 468,914 General lunds Totsl unreslricled funds Property capital fvnd The property capital fund represents the nel book value of property less the value of mortgages secured against the property- Roof replacernent fund The roof replacement fund is towards Ihe replacement of the church roof which is likely to be necessary around the end of this decade. 15 ANALYSIS OF NET ASSETS BY FUND Restricted Unrestricted funds funds 2024 Total At 31 December 2024 Tangible assets Current assets Current liabilits'es Long term liabilities 1.389,357 171.601 {49,928) 1631,915) 879,115 1,389,357 249,004 {49,928) 1631,915) 956,518 77,403 77,403 Restricted funds Unrestricted funds 2023 Tolal At 31 December 2023 Tangible assets Current assels Current liabilities Long term liabilities 1,416,142 171,712 143,0131 1660,5861 884,255 1,416,142 229,127 143,0131 1660,5861 941,670 57,415 57,415 20
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 16 RELATED PARTh TRANSACTIONS Durin9 Ihe year, N Hernrning , Irustee, was paid a total of £49,637 (2023.. £47,884) for his role as Pastor, including contributions to a personal pension scheme. During the year, J Hemming, wife of N Hemming, was paid a lolal of £26,298 (2023.. £30.4681 for her role as Pastor, induding contributions to the employer pension scherne. During the year, one trustee was paid expenses lolalling £4,48912023'. 2 trustees £3.1971 and one related party was paid expenses iolalling £90312023.. 3 related parties £6731. 17 PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 (INCLUDING INCOME AND EXPENOITURE ACCOUNT) Unre$trlcted funds Re81ricted lunds Total 2023 Note INCOME Voluntary incorne Charitable acts'vities Inveslmenl income 383,128 50,586 2,508 158.314 44,649 541,442 95,235 2,508 TOTAL INCOME 436,222 202,963 639,185 EXPENDITURE Charitsble activities 417,128 206,403 623,531 TOTAL EXPENDITURE 417,128 206,403 623,531 NET INCOMEI{EXPENDITURE) FOR YEAR 19.094 (3.440) 15,654 TRANSFERS BETWEEN FUNDS 117,220) 17.220 NET EXPENDITURE FOR YEAR 1,874 13,780 15,654 FUND BALANCES AT 310ECEM8ER 2022 882,381 43,635 926,016 FUND BALANCES AT 31 DECEM8ER 2023 884,255 57,415 941,670 This slalemenl of financial actimtses indudes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activilies. 21
WINCHESTER VINEYARD CHRISTIAN FELLOWSHIP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (continued) 18 PRIOR YEAR FUNDS NOTES RESTRICTEO FUNDS 2023 Transfers between funds At beginning of period Income Expenditure Atend of period Building fvnd Mission fund Streams of Hope Compassion Hardship fund Vineyard Churches Youlh 8us Sdenl Vineyard 9,712 57,906 338 79,968 1,178 23,314 9.335 21,212 {9,7121 (73,1231 1475) (69,861) (3,135) (23,314) 112,600) 114.183) 4,247 3.174 23,734 5,200 16,439 5,469 3,037 113,600) 3,243 14,381 11,116 14,309 7.280 43,635 202,963 1206,403) 17,220 57,415 UNRESTRICTED FUNDS 2023 Transfers beten lund$ At beginning ol period Income Expendltufe At end of period Deslgnaled funds Roof replacement fund Propety capital lund 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 (84,164) (84,164) (332,964) (417,128) General funds Total unrestn'cted funds 436,222 436,222 22