The Vine Fellowship {Littleborough) Charlty No. 1047894 Trustees, Report and Unaudited Accounts 31 March 2024
The Vine Fellowsh ip (Littleborough) Contents Pages 2to6 Trustees, Annual Report Independent Examiner's Report Statement of Financial Actlvltles Balance Sheet Notes to the accounts 10t018 Statement of Cash flows 19 Detailed Statement of Flnanclal Activities 20to21 Page 1
The Vine Fellowship {Littleborough) Trustees Annual Report The Vine Fellowship The Trustees present thelr report wlth the unaudlted flnancial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1047894 Principal Offi The Chrlstian Centre 43 Todmorden Road Llttleborough OL15 9EA Trustees The followlng trustees served throughout the year: Mrm, Baron Mrs B. Butt Mr. A Campbell (Assistant Pastor) Mrs E. Campbell Mr M. Christie Mrs. P.J.R Clegg (Secretary to The VSne Fellowshlp/Personal Asslstant to Senlor Pastor) Mrs M. P, Flynn Mrs E. E, Holt Mrs K. Holt Mr. G.A. Hopcroft (Treasurer/Adm Inistrator) Mrs R. J. Langan MrsA. Mliis Mrsc. Mills Mr G.R. Mills Miss K,J, Ollver (Deaconess/Pastoral Worker) Revd. J. B. Pettifer (Senlor Pastor) Mr. J.B. Powell (Reslgned 16 February 2024} Mrs L. A. Trotter Page 2
The Vine Fellowship (Littleborough) Trustees Annual Report Accountants Pennine Accounting Lim ited 109A Church Street Littleborough Lancashlre OL15 8AA Bankers Yorkshire Bank plc 9-11 Yorkshlre Street Rochdale OL161BL Sollcitors Wrlgleys Sollcltors LLP 19 Cookrldge Street Leeds LS2 3AG OBJECTIVES AND ACTIVITIES The objectlves of The Vlne Fellowshlp are the advancement of the Chrlstlan rellglon, and the promotion of any purposes which are exclusively charltable. PUBLIC BENEFIT The Trustees are aware of the Charlty Comm Isslon's guldance on publlc benefit and are confldent that the account of the Charlty's achlevements and performance durlng the past year reflects the fact that the publlc In general and speclfic sectlons of the public beneflted In many ways from the mlnlstry of The Vlne Fellowshlp. ThSs beneflt extends locally to Sprlnghlll Hosplce In Rochdale, reglonally to Manchester City Mission, and globally to Grapevlne M Inlstrles In Kenya, Tearfund's work In the thlrd world, and Open Doors Minlstry to persecuted Chrlstlans around the world, The work of the charity and the funds It ralses are wholly dlrecte(J towards furtherlng the alms and obJectlve3 set out above, and tho Trustees ore thoroforo of tho vlew that the charlty satisfies the criterla laid down for m eetlng publlc benefit. GRANT MAKING POLICY The charlty makes regular donatlons to Briercllffe Company Llmited, a charitable company that shares slmilar objectives to The Vine Fellowship and provldes and malntains all the buildings used by the Fellowship. ACHIEVEMENTS AND PERFORMANCE Worshlp Is at the ntre of our life at The Vine Fellowshlp, and we meet regularly to worshlp In the Chapel. Since the pandemic, we have contlnued to Ilvestream our Sunday Mornlng and Wednesday Evening Services for the benefit of those at a distance and those unable to attend for various other reasons. Our commltted choir is well rehearsed and continues to bless our Sunday worship. We are encouraged that during the year, we have welcomed new people, and they have brought others. We also have a steady flow of visitors. Page 3
The Vine Fel lowsh ip {Littleborough} Trustees Annual Report We commence our Sunday servIs with everyone together, but then our children leave for their own time of mlnlstry which includes prayer, breaking bread. teaching and a craft activity. We have a small rota of helpers and take our responsibility for safeguarding both children and vulnerable adults seriously. We are, at present, reviewing our Safeguarding Policy, and the Church is a member of Thirtyone:eight, the independent Christlan Safeguardlng Charity. We contlnue to recelve Inspired and challenglng preaching from our Senior Pastor who spends much of hls tlme listening to the Lord, writing what he receives, and in prayer for God's will for His Church. We have three small groups whlch meet weekly and are led by the Senior Pastor. One of these meets on Saturdays by Zoom whlch makes it accesslble to people who otherwise might not be able to attend. The groups are open to all and are a vltal part of our splritual growth. They afford the opportunlty to share, pray and reflect together on the preached word and Its appllcatlon to our Ilves. We also meet weekly to pray for the Church and have two Bible Studles, one In the daytime led by the Deaconess and the other In the evening taken by the Asslstant Pastor. We are grateful to God for the many opportunities where we can meet and grow together. The Senlor Pastor and a small team contlnue to hold weekly servlce5 locally at Hare Hlll Extra Care Centre. We also have our Food Store at the Chrlstlan Centre with food supplled by The Vlne Fellowshlp and Its members. The Store Is used prlmarlly by people In poverty struggllng to make ends meet on beneflts, and whenever possSble, we seek to wltness to them and to share God's love and our falth in Christ Jesus. Our Gospel Garden Is a very speclal pla and blesses many who flnd peace and solace there. It glves a clear statement of our Christian faith in Sts deslgn and w5th the appropriate Scrlptures on the lecterns. We update the plaques regularly wlth the names of brethren who are now wlth the Lord, and we malntain the Garden wlth devotion and care. We have contlnued to support Grapevlne Minlstrles In Kenya. Members of the Fellowshlp donate to thls mlnistry, and we send money quarterly Includlng part of our Chrlstmas Day collectlon. Pastor Joseph promptly conflrms recelpt of donatlon5 and emalls us from tlme to tlme. He recently stated "We are dolng well in the Lord. We thank God for HIS goodness and falthfulness In every way. klndly contlnue to pray for us as a natlon, the economic situation Is really bad here. We have contlnued to donate money regularly to Tearfund, a le8dlng Chrlstlan rellef and development agency, and this has included emergency and dlsaster appeals. As they state "Poverty Is not God's plan. We, His church are., Tearfund works through local Churches In many countrles where m S11ions are stlll Ilving In poverty. They undoubtedly support some of the poorest people on earth In Jesus, name. As they state, "Through your prayers and your glving, you are equlpplng our local church partner5 in communltles. across the world to help families to put the past behlnd them and build a better future. We also support Open Doors monthly, Open Doors works In more than 70 countrles'helplng persecuted Christlans contlnue to courageously follow Jesus" desplte the cost. It supports them by provldlng reSoUrS and encouraging the church to pray, glve, and speak out for those who cannot Ilve out their falth In freedom. We donate monthly to Sprlnghill, our local hospio, In appreciatlon of the dedicated care they offer and during the past year, have also donated to Manchester City Mission, a Chrlstlan charlty whlch "seeks to meet people where they are and makes a differen in their lives by acts of compassion." We keep the Fellowshlp Informed by promoting the work of Grapevlne Ministries, Tearfund, Open doors and Springhill Hospice on not1bOardS at the rear of our chapel. We agaln collected new toys at Christmas whlch were donated to Health Visltors for distribution locally in areas of hlgh deprivation and need. Page 4
The Vine Fellowsh ip (Littleborough) Trustees Annual Report PERIODS FINANCIAL REVIEW The Trustees have reviewed the Charity's financial position and are confident that the Charity will be able to continue Its charitable objectives in the 12 months from the date of signlng these accounts. RESERVES POLICY The Trustees have examined the requirements for free reserves, and they consider that, given the nature of the charlty's work, free reserves should be equivalent to approximately 3 months routine expenditure. The Trustees are of the opinion that this provides sufflclent flexibility to cover temporary shortfalls in incoming resources. PLANS FOR FUTURE PERIODS In May, we held a day's conference at a local venue with all the Church Invited to attend. Our focus was to revlew our varlous mlnistrles and the use of our current resources and to seek God's will together for the future. Thls proved a constructive tlme wlth some significant suggestions and recommendations for future action. As we contemplate the future, we long to see His Church here1Sving Ilke Jesus did when He walked thls earth with signs, wonders and m Iracles aboundlngi SO that we can honestly say we cannot help speaklng about what we have seen and heard. We are wltnessing God movlng In power and bulldlng HIS Church, We anticipate an exciting future ahead and long that all see the vlslon and catch the fire of the Holy Splrlt In our m Idst. The Church Is growlng spiritually and numerlcally, and thls Is reflected In our dlfferent areas of mlnistry. As recorded in last year's Annual Report, one of our falthful, former Trustees bequeathed her entlre estate to The Vine Fellowshlp. Th15 included a residential property which we intend to have valued and sell. In conclusion, we pray that all our plans wlll be to the glory of God. We thank Almlghty God, our Heavenly Father, His Son, our Lord Jesus Christ, and the Holy Spirlt for all the blessings poured out upon The Vlne Fellowshlp in the last year, and to Them we glve all the glory, honour and pralse. We also thank all our Trustees who have served falthfully and sacrlflclally durlng the past year. STRUCTURE, GOVERNANCE AND MANAGEMENT The Vlne Fellowship Is establlshed for charltable purposes only and is reglstered wlth the Charlty Comm15slon. Its members subscrlbe to the Basls of Falth as set out In The Vine Fellowship Constitutlon, The management of The Vlne Fellowship Is the responslblllty of the Councll. The Councll currently has seventeen Trustees. During the past year, The Vlne Fellowshlp has had one full tlme employee, the Senlor Pastor, and one part tlme employee, the Secretary to The Vine Fellowship/Personal Assistant to the Senior Pastor. Both are pald employees and Trustees. The Asslstant Pastor, the Deaconess/Pastoral Worker and the Treasurer/ Adm inistrator function as staff members on a voluntary basis and are also Trustees, We also have many other committed volunteers, both on the Council and active in the ministry of The Vlne Fellowshlp, During the year, the Councll met slx tlmes In all, three tlmes v5a Zoom, and held the Annual General Meeting. A small Trustee Management Team deals wlth day-to-day buslness as necessary, and there Is also a sub-committee which annually revlews salarles and related issues of employment. Page 5
The Vine Fellowship (Littleborough) Trustees Annual Report Statement of Trustees, responslbillties in relation to the financial statements The Trustees are responsible for keeplng proper accountlng records that dlsclose wlth reasonable accuracy at any tlme the financial position of the charlty and It enables them to ensure that the financial statements comply wlth the Charltles Act 2011, the applicable Charlties (Accounts and Reports) Regulatlons, and the provlslons of the Trust deed. The Trustees are also responslble for safeguardlng the assets of the char5ty and hence taking reasonable steps for the preventlon and detectlon of fraud and other 5rregularltles, Signed on behalf of the charlty's trustees dOlAtr Revd. J. B. Pettlfer {Senlor Pastor} Trustee 19 November 2024 Page 6
The Vine Fellowsh ip (Littleborough) Independent Examiners Report Independent Examiner's Report to the trustees of The Vine Fellowship {Littleborough) I report to the trustees on my examination of the financial statements of The Vine Fellowship (Littleborough) for the year ended 31 March 2024. Responsib ilities and basis of report As the charity's trustees you are responsible for the preparation of the flnancial statements in accordan with the requlrements of the Charitles Act 2011 {'the Act.). I report In respect of my examination of the charlty's financlal statements carrled out under sectlon 145 of the 2011 Act and in carrying out my examination I have followed all the appllcable Dlrections given by the Charity Commisslon under section 145(5)(b) of the Act. As examlner, l am a member of the Associatlon of Accounting who have adopted the provlslons of the Revlsed Ethlcal Standards 2016 Issued by the Financlal Reportlng Councll {FRC). Independent examlner's statement I have completed my examinatlon. I can conflrm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve that In any materlal respect: the accountlng records were not kept In respect of the charlty as required by sectlon 130 of the Act,, or the flnanclal statements do not accord wlth those records. or the flnanclal statements do not comply wlth the appllcable requlrements concernlng the form and content of flnanclal ststements set out In the Charltles (Accounts and Reports) Regulatlons 2(X)8 other than any requlrement that the flnanclal statements glve a 'true and falr, vlew whlch Is not a matter consldered as part of an Independent examSnatlon. I have no concerns and have come across no other matters in connectlon wlth the examlnatlon to whlch attention should be drawn In thls report In order to enable a proper understanding of the financlal statements to be reached. Mr lan Cunningham Association of Accountlng Technicians (AAT) Pennlne Accountlng Limited 109A Church Street Llttleborough Lancashire OL15 8AA 19 November 2024 Page 7
The Vine Fellowship {Littleborough) Statement of Financial Activities for the year ended 31 March 2024 Unrestricted funds 2024 Restricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Investments 181,161 4,525 181,161 4,525 81,059 6,600 Total 185,686 185.686 87,659 Expenditure on: Raising funds Charltable activltles Other 18,044 39,763 46,821 18,044 39,763 51,776 42,820 42,616 4,955 4.955 Total 104,628 109,583 85,436 Net galns on Investments Net income 81,058 (2,417) {4,955) 2,417 76,103 2,223 Transfers between funds Net income before other gains/(losses) 78,641 (2,538) 76,103 2,223 Other gains and losses Net movement in funds 78.641 (2.538) 76,103 2,223 Reconciliation of funds: Total funds brought forward 16,391 25,170 41,561 39,338 Total funds carrled forward 95,032 22,632 117,664 41,561 Page 8
The Vine Fellowsh ip (Littleborough) Balance Sheet at 31 March 2024 Charlty No. 1047894 2024 2023 Fixed assets Tanglble assets Investments 12 13 32,635 36,178 32,635 36,178 Current assets Debtors Cash at bank and In hand 14 13,218 86,524 99,742 (14,713) 85,029 117,664 117,664 1,847 5,433 7,280 (1 ,897) 5,383 41,561 41,561 Credltors: Amount falllng due wlthln one year Net current assets 15 Total assets less current liabllltles Net assets exclud Ing pension asset or Ilab Illty Total net assets 117,664 41,561 The funds of the charlty Restrlcted funds Restrlcted Income funds 16 22,632 22,632 25,170 25,170 Unrestricted funds General funds 16 95,032 95,032 16,391 16,391 Reserves 16 Total funds 117,664 41,561 Approved by the trustees on 19 November 2024 And slgned on thelr behalf by., Revd. J. B. Trustee 19 November 2024 ettlfer (Sen lor Pastor) Page 9
The Vine Fellowship (Littleborough) Notes to the Accounts for the year ended 31 March 2024 1 Accounting policies Basis of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accountlng and Reporting by Charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) Issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011. Change In basis of accounting or to previous accounts There has been no change to the accountlng pollcies {valuatlon rules and method of accountlng) slnce last year and no changes have been made to accounts for previous years. Fund accounting Unrestrlcted funds These are avallable for use at the dlscretion of the trustees in furtheran of the general objects of the charity. These are unrestrScted funds earmarked by the trustees for partlcular purposes. These are unrestrlcted funds whlch include a revaluation reserve representlng the restatement of Investment assets at their market values. These are avallable for use subject to restrlctlons Imposed by the donor or through terms of an appeal. Designated funds Revaluatlon funds Restrlcted funds Income Recognltlon of Income Income Is Included In the Statement of Financlal Actlvitles (SOFA) when the charlty becomes entitled to, and vlrtually certaln to recelve, the Income and the amount of the Income can be measured wlth sufflcient reliabillty. Income with related Where Income has related expenditure the Sncome and related expendlture Is expendlture reported gross In the SOFA. Donatlons and legacles Voluntary Income recelved by way of grants, donatlons and glfts Is Included In the the SOFA when recelvable and only when the Charlty has uncondltlonal entitlement to the Income. Tax reclalms on Income from tax reclaims Ss Included In the SOFA at the same tlme as the donatlons and glfts giftldonatlon to whlch It relates. Donated ServIS These are only Included In Income Iwlth an equivalent amount In expendlture) where the beneflt to the Charlty Is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included In the accounts. Investment income This Is included in the accounts when receivable. Galns/(losses) on Thls Includes any gain or loss resultlng from revalulng Investments to market value revaluation of flxed at the end of the year. assets Galns/(losses) on Snvestment assets and faclllties This Includes any gain or loss on the sale of Investments. Page10
The Vine Fellowsh ip (Littleborough) Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated wlth attractlng voluntary income, fundralsing raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the dellvery of Its activities and charitable activities services in the furtherance of its objects, includlng the maklng of grants and governance costs. All grant expendlture Is accounted for on an actual pald basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These Include those costs assoclated wlth meetlng the constitutional and statutory requirements of the Charlty, includlng any audlt/independent examination fees, costs linked to the strateglc management of the Charlty, together with a share of other admlnlstratlon costs. These are support costs not allocated to a partlcular activity. Grants payable Governance costs Other expenditure Taxation The charlty Is exempt from tax on Its charltable actlvltles. Tangible fixed assets and depreclatlon Depreciatlon is provlded at the followlng annual rates In order to wrlte off each asset over Its estlmated useful Ilfe.. Leasehold property Motor vehlcles Flxtures, Flttlngs, & EquSpment 10% Reduclng balan 25% Reduclng balance 15% Stralght Ilne Categorised under premlses are enhancements Includlng the Gospel Garden Trade and other debtors Trade and other debtors are recognlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Cash and cash equivalents Cash and cash equivalents comprlse cash at bank and on hand, demand deposlts with banks and other short-term highly liquid Investments wlth orlglnal maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current Ilabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognlsed where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estlmated reliably. Creditors and provislons are normally recognised at their settlement amount after allowing for any trade discounts due. Page11
The Vine Fellowsh ip (Littleborough) Notes to the Accounts Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownershlp to charity are classlfled as operating leases. Assets held under finance leases are in itially recognised as assets of the charlty at their fair value at the InptIOn of the lease or, if lower, at the present value of the minimum lease payments. The correspond ing liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between flnance expenses and reduction of the lease obligation so as to achleve a constant rate of Interest on the remaining balance of the liablllty. Finance expenses are recognised im m ed lately, unless they are dlrectly attributable to qualifying assets, in whlch case they are capitalised in accordance with the charity s policy on borrowing costs. Assets held under flnance leases are depreciated in the same way as owned assets. Operatlng lease payments are recognlsed as an expense on a straight-llne basls over the lease term. In the event that lease incentives are recelved to enter into operating leases, such Incentlves are recognlsed as a liability. The aggregate benefit of Incentlves Is recognised as a reduction of rental expense on a stralght-llne basls. Pension costs The charlty operates a deflned contrlbution plan for Its employees. A deflned contribution plan Is a penslon plan under whSch the charlty pays fixed contributlons into a separate entlty. Once the contrlbutlons have been pald the charlty has no further payments obligations. The contrlbutlons are recognised as expenses when they fall due. Amounts not pald are shown In accruals In the balance sheet. The assets of the plan are held separately from the charlty In Independently admlnlstered funds. ReIpt of donated goods. faclllties and services All donated goods, facllities and serv1$ recelved are recognised within incom ing resources and expenditure at an estlmate of the v81ue to the charity. Page12
The Vine Fellowship (Littleborough) Notes to the Accounts 2 Statement of Financial Activities - prior year Unrestricted funds Restricted funds Total funds 2023 2023 2023 Income and endowments from: Donations and legacies Investments 81,059 6,6C(J 87,659 81,059 Total 87,659 Expendlture on: Charltable activities 42,820 36,939 79,759 42,820 42,616 Other 5,677 5,677 Total 85,436 Net income 7,9C() (4,338) {5,677} 4,338 2,223 Transfers between funds Net income before other ga ins/{lossesl Other galns and losses: Net movement in funds 3,562 11,339) 2,223 3,562 {1,339) 2,223 Reconclllatlon of funds.. Total funds brought forward Total funds carried forward 12,829 16,391 26,509 25,170 39,338 41,561 3 Income from donatlons and legacles Unrestricted Total 2024 Total 2023 Donations and leoacles Glft Aid Brlercliffe Company Llmlted donatlon 88,104 8,607 88.104 8,607 71,131 7,727 2,201 Legacy from M Sugden Estate 84,450 181,161 84,450 181.161 81,059 The charity has recelved a legacy conslstlng of a resldential property which will be sold in due course. The property has not yet been valued and so has not been Included wlthin the charlty assets during this period. 4 Income from investments Unrestricted Total 2024 Total 2023 Property Rental Income 4,525 4,525 4,525 4,525 6,600 6,600 Page13
The Vlne Fellowship (Littleborough) Notes to the Accounts 5 Expenditure on raising funds Unrestricted Total 2024 Total 2023 Costs of generating voluntary Income Donations and legacles Brlercllffe Company Limited donation 53 53 7.896 7,896 Legacy from M Sugden Estate 10,095 18,044 10,095 18,044 6 Expend Iture on charitab le activities Unrestricted Total 2024 Total 2023 Expendlture on charltable 8Ctlvltles Food Store Employee wages and penslons Overseas M Inlstry Books, Flowers, & Communion Wine Grants made Governance costs 782 782 658 31,647 31,647 32,234 1,825 1,656 1,656 5,678 5,678 8,103 39.763 39,763 42,820 Page14
The Vine Fellowship (Littleborough) Notes to the Accounts 7 Analysis of grants Grants to Institutions Grant5 to Individuals Activity or programme Total 2024 Total 2023 Open Door Overseas M Inlstry Sprlngh111 Hosplce Tear Fund 1,080 2,663 600 3,760 8,103 1,878 1,878 600 600 5,678 600 600 3,800 1,878 Grant funding of activities Activity or programme Total 2024 Total 2023 Open Door Overseas Mlnlstry Sprlnghlll Hosplce Tear Fund 2,600 1,878 2,6CH) 1,878 600 1,080 2,663 600 3,760 8,103 6Tr) 5,678 600 5,678 8 Other expenditure Unrestricted Restricted Total 2024 Total 2023 Muslc Costs 1,156 1,156 1,050 Other Interest payable Premlses costs Amort15ation, dtrprèeiatlon, Impalrment, profit/loss on dlsposal of flxed assets General admlnlstratlve costs 30,476 2,417 32,893 29,058 1,869 2,538 4,407 4,623 5,755 7,565 46.821 5,755 7,565 51.776 6,082 1,802 42,616 Legal and profe55ional costs 4,955 9 Net income before transfers 2024 2023 Thls Is stated after charging: Depreciation of owned flxed assets 4,407 4,623 Page 15
The Vine Fellowship (Littleborough) Notes to the Accounts 10 Trustee remuneration and expenses 2024 Number 2023 Number The nature of the reimbursed expenses Two trustees were employed by the charity but not paid for their duties as trustees. 11 Staff costs 2024 348 348 2023 348 348 Pension costs No employee received emoluments in excess of £60.000, Trustees have been paid for their for thelr work for the charlty, not In respect of their duties as trustees. The average monthly number of full tSme equlvalent employees durlng the year was as follows: 2024 Number 2023 Number Fellowship Pastor Admlnistrator The Charlty operates a Workplace Pension Scheme with NEST 12 Tangible fixed assets Land and buildings Motor vehlcles Fixtures, Fittings, & Equipment Total Cost or revaluation At 1 April 2023 Addltions At 31 March 2024 Depreciation and impairment At 1 April 2023 Depreciation charge for the year At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 49.150 7,295 864 8,159 56,445 864 57,309 49,150 16,793 3,474 20,267 3,236 1,171 4,407 20,029 4,645 24,674 29,121 32,357 3,514 3,821 32,635 36,178 13 Investments The Charity receives rental inGotne from property owned by Briercliffe Company Ltd Page16
The Vine Fellowship (Littleborough) Notes to the Accounts 14 Debtors 2024 2023 Prepayments and accrued income 13,218 13,218 1.847 1,847 15 Cred itors: amounts falling due wlthin one year 2024 2023 Trade credltors Other taxes and social securlty Other creditors Accruals 11,500 494 (321) 343 936 939 1,897 2,719 14,713 16 Movement in funds Incoming resources Gross transfers At31 March 2024 (includlng At1 April other 2023 gains/iosses) Resour5 expended Restrlcted funds: Restricted income funds: Garden Fund 25,170 {4,955) 2,417 22,632 Total 25,170 (4,955) 2,417 22,632 Unrestricted funds: General funds 16,391 185,686 {104,628) (2,417) 95,032 Total funds 41,561 185,686 {109,583) 117,664 Purposes and restrictlons In relatlon to the funds.. Restricted funds,, Garden Fund Provlslon and malntenance of gardens 17 Analysis of net assets between funds Unrestricted funds Restricted funds Total Fixed assets Net current assets 10,842 84,190 95,032 21,793 839 22,632 32,635 85,029 117,664 Page 17
The Vine Fellowsh ip (Littleborough) Notes to the Accounts 18 Reconciliation of net debt At31 March 2024 At1 April 2023 Cash flows Cash and cash equlvalents 5,433 5,433 81.091 81,091 86,524 86,524 Net debt 5,433 81,091 86,524 19 Commitments Operating lease commitments Annual commitments under non-cancellable operatlng leases are as follows,. 2024 Land and buildings 2024 2023 2023 Other Land and buildings Other Operatlng leases wlth explry date: Pension commitments The Charlty contrlbutes to a Workplace Penslon Scheme wlth NEST 2024 2023 The penslon cost charge to the charlty amounted to.. 348 348 20 Related party dlsclosures 2024 2023 Transactions with related parties Name of related party Briercllffe Company Llmlted Description of relationshlp between the parties Descrlptlon of transactlon and general amounts Involved Amount due from/(toJ the related party Common trustees Grant pald to Brlercllffe Company Llmlted charlty of £7,896.04 (7,896) 2,201 Page18
The Vine Fellowship (Littleborough) Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flows from operating activities Net income per Statement of Financial Activities 76,103 2,223 Adjustments for: Depreclatlon of property, plant and equlpment Dividends, interest and rents from Investments {Increasel/Decrease In trade and other receivables Increase/(Decrease) in trade and other payables 4,407 {4.525} (11,371) 12,816 4,623 (6,600) 6,713 {10,075) Net cash provlded by/(used in) operatlng actlvities 77,430 (3,116) Cash flows from investing actlvltles Payments for property, plant and equlpment Dividends, Interest and rents from Investments (864) 4,525 (927) 6,600 Net cash from Investing activities 3,661 5,673 Net cash from flnanclng activities Net Increase In cash and cash equivalents 81 ,091 2,557 Cash and cash equivalents at the beglnnlng of the year 5,433 2,876 Cash and cash equlvalents at the end of the year 86,524 5,433 Components of cash and cash equivalents Cash and bank balances 86,524 5,433 86,524 5,433 Page19
The Vine Fellowship {Littleborough) Detailed Statement of Financial Activities for the year ended 31 March 2024 Unrestricte d funds Restricted funds Total funds 2024 Total funds 2024 2024 2023 Income and endowments from.. Donations and legacies Donations and legacies Gift Aid Briercliffe Company Llmlted donation Legacy from M Sugden Estate 88.104 8,607 88,104 8,607 71,131 7,727 2,201 84,450 181,161 84,450 181,161 81,059 Investments Property Rental Income 4,525 4,525 185,686 4,525 4,525 185,686 6,600 6.6(K) Total income and endowments 87,659 Expendlture on: Costs of generatlng donatlons and legacies Donatlons and legacles Brlercliffe Com pany Lim Ited donatlon Legacy from M Sugden Estate 53 53 7,896 7,896 10,095 18,044 10,095 18,044 Total of expend iture on raising funds 18,044 18,044 Charltsble actlvltles Food Store Employee wages and pensSons Overseas Ministry Books. Flowers. & Communion Wlne Grants made 782 31,647 782 31,647 658 32,234 1,825 1,656 1,656 5,678 39,763 5,678 39,763 8,103 42,820 Total of expenditure on charitable activities 39,763 39,763 42,820 Other expenditure M uslc Costs Other interest payable 1,156 1,156 1,050 1,156 1,156 1,051 Premises costs Rates Light, heat and power 9,803 5,634 9,803 5,634 8,878 4,665 Page 20
The Vine Fellowsh ip (Littleborough) Detailed Statement of Financial Activities Premlses cleaning Prem ises insurances Premises repairs and maintenan 6,281 4,675 6,281 4,675 3,662 4,240 4,083 2,417 6,500 7.613 30,476 2,417 32,893 29,058 General admlnlstratlve costs, Includlng depreciation and amortisation Depreciatlon of land and buildlngs Depreciatlon of Motor vehicles Depreciatlon of Flxtures, Flttings, & Equlpment Bank charges Postage and courlers Software, IT support and related costs Stationery and prlnting Subscriptlons Sundry expenses Telephone, fax an(1 broadband 833 2,403 3,236 3,595 1,036 135 1,171 1 ,028 117 117 63 312 312 241 408 545 783 3,581 7,624 408 545 783 3,581 10.162 604 791 338 4,045 10,705 2,538 Legal and professlonal costs Audlt/lndependent examlnatlon fees Accountancy and bookkeeplng 6(X) 6,965 7,565 46,821 104,628 6,965 7,565 51,776 109,583 1,802 1,802 42,616 85,436 Total of expendlture of other costs Total expenditure Net galns on Investments 4,955 4,955 Net Income 81 ,058 (4,955) 76.103 2,223 Transfers between funds (2,417) 2,417 Net income before other gains/{losses> 78,641 {2,538) 76,103 2,223 Transfer Between Funds -2417 2,417 Net movement in funds 78,641 {2,538) 76,103 2,223 Reconciliation of funds: Total funds brought forward 16,391 25,170 41,561 39,338 Total funds carried forward 95,032 22,632 117,664 41,561 Page 21