EXETER VINEYARD CHURCH Exeter Vlneyard Church (A company Ilmlted by guarantee) Unaudited Flnancial Ststements Perlod 1st January 2024 to 31st December 2024
Exeter Vlnayard Church Unaudltsd Flnanclal Statements. Period 1st January 2024 to 31st DeGember 2024 Contsnts Pag• Numb•r Legal and Adminlstrative Infomatbon Trustees Annual Repcxt Independent Examiner'8 Report Stat8rnent of Flnanclal Activllles 9-10 11 Balanc8 sheet 12-13 Not88 to th8 Flnandal Statements 14-25
Exetor Vlneyard Church Unaudited Financial Statements. Period 1st January 2024 to 31st December 2024 Admlnlstratlve and Refernnce detalls Charity name Exeter Vin8yard Church Reglstefed Chartty Number 1052898 Reglstered Company Number 03149728 Reglstered Addres8 5 Bamfield Cr8scen( Exetsr EX11 QT Current Trustee8 Mr. D J Vinall Mr. M l Denlon Mr. S White Mr. C Flannagan Mr. S Johns Independent Examiner Karen Silcox MAAT Plumtroe Bookkeeplng 19 Beverley Close Exeter EX2 5NJ
Exeter Vlneyard Church Report of the Trustees (Including report of the Directors) Perlod 1st January to 31st December 2024 Structure, Govamanco and Managoment Governlng Document The Charity is cx>ntrolled by ts gov8mTng document, a deed of trust dated 4th Juty 2005 and c¥)n8titutes a Ilmlted I1panY. Ilmited by guarantee, as defined by the Companles Act 2006. A board of twstees administers the charity and meets on a regular ba&'s througtmyrt the year. Rlsk Management The trustees havo a duty to Identlfy and revlew the risks to which the charlty18 exposad and to 6n8ure approprlate (x)ntrols are In place to wovlde reasonable 8&8urance agaln8t fraud arKI arror. Objactlvas of the Charlty The objedives of Exeter Vineyard Churth (EVC) are 88 follows: The furtherance ol rellglous and secular publlc educatlon The advanL¥rnent of the Christian faith Including missionary aCVIlle5 in the United Kingdom and overseas and a180 Including but rK)t Ilmlted to the plantlng of new churches and organ18atlons of congregatlons. The rdief of the poor and neety The rell8f of the sick and elderly Such other charStabl8 objects and for the benefit of such other charftable bodles and institutlons 88 the Trustees shall 8e8 fft Organlsatlonal Structure The trustee8 Vrt)0 served during the year and up lo tho date of the rewi was appioved are as follow8: Mr. D J Vlnall Mr. M l Denton Mr. S White Mr. C Flannagan (Reslgned on 3rd M8rth 2025) Mr. S Johns The power of appolnllng new tru8lee818 vested In the sur¥lvlng or (x)nfjnulng trustees. Publlc Benofft When plannlng our activites for the year. the trustees have consldered the Charlty Commlssloner3' guidance on publlc benefit and in Part1j1ar the speofic guidance for chartlies on the advancement of rellglon for the publlc benefft and the relief of poverty for the publlc benefit. The trustees consider that the activities summarised below prrnfjde benefrt to those 0 %lshIP at our church, to the wider communlty In Exeter. to th8 United Kingdom. and to the world. Revlew of Activltles EVC Is a falth communlty of around 80 hou8ehohts. Thls coverg a wlde age range, bgckgrounds and Ilfe stages.
Activities for the Benefft of our Church Community At Exeter Vtneyard Churth we are tying to create a mU1eneratk)nal arKI dlverse (x)mmunty that encourages hollth w8lkbeing for both our m8mb8rs arKI people wl)o coma into oxtaci with our actlvltles. As such. belng highly relatlonal Is a strong valu8 far us. We meet as a thole church communty Iwlce month for a Sunday service. This is a meeting centred around the Christs'an faith, and vthlle the vast rnajoiity of people th8re are Chrfstlans. we do have people vtho are curious and explorlng th&8e Ideas. We start our seNices with a shared breakfasL before a more tr8ditk>nal worship seNice. We hav8 separate actlvltles for chlldren that allow them to experienc churth in an age appropriate way. This often Involves playlng games doing (xafts. Alongde our fortnightly Sunday 8eNlce, we have a nurnbor of 8maller groups that m88t for shared meals throughout the month. We call th888 Hubs and they can vary In numb8r from 6 to 30 people. These are gathering6 which we described as 'church around the dinner table" and arn lod by a team of 22 volunto8r8. Hubs Involve people of all ages. Includlng famllles wlth thlldren. We flnd that the8e smalbr and more Infom)al gatherlngs better 8utt the ryeallon of strong and 8UPPOrtlve relatlonships between membern. It a180 oncourag08 contrlbuoorb from members, 80rnathlng wo belleve Is poshlve and importanL We 8180 recomm8fKI people to get Involved In 8maller groups. cAll8d Dlsdp186hip Groups. Th181s a programme lo empower people to engage In thelr falth In thelr everyday Ilves and to help members 8UPPOrt each olher. We have separate groups for young p6ople. Messy Church Is a very Informal and crealfve expresslon of church. Our monthly Messy Church session attracts a number of f8milies from the local communlty and for whom It Is thelr only interaction with the church. We have $88n this provide6 SUPPOrt for them by brlnglng trM Into a group wtth other5 at a Slmllar stage of Ilfe. We have 8eon a number of famllle8 Joln during the year, from 8 wide variety of bathground8. For tsenagers we have a monthty Y club sesslon. where we have foojsed on 88tabllshing good relatlonships belweon our teenagers and 8n(x)uraglng wslb've mental w811-belng. There is also a spedfic dl8cu88lon group for the older teenagers once a month, where they 8re able to thlnk about the deeper and more phlbsophlcal a8P8cts of Ille and falth. In October 2024. for our fourth year, Dave Vlnall and 2 volunteer youth leaders took 13 teenagers on a resldential weekend away in North Devon and this was a really positlve <x)mmunty buildlng exp8r18n(x. The thwne of this weekend was healthy relatlonshlps In a dlgltal 8ge and we were Jolned by PJ Lfvett from RePhra8e. who provides RSE trainlng to schools. coll8g8s and churche8. Bolng a mulligenerational community there were numerous opportunities to help people at SP8dfic Ilfe stages In 2024. Thls Included supportlng through bereavemenc having a baby. Illness, relatlonal breakdown and so on. Specifically we were able to help older members of the congregation with thlngs such as medlcal appointrnents, ald to get to our activities. liaising with statutory agenaes and preventlng k)neliness. Rachel Cock, our Operations Manager, actively ensures that those membern of our church communtty who could be fr isolated are contacted, induded and looked after.
Actlvltles for the Benefft of the Local Communlty One of our key aims is that Exeter Vineyard is a benefft to the wider communty. A8 prevlously detsiled, a kay organisational structure for us is Hubs. As thes8 groups meet locally in and around Exeter they have had great opporbJnlth8S to meet local naeds, suth as 8UPPOrtlng vulnerable people or organislng communty events. Looking forward, th18 Is an aspect of Hubs that we want to enL¥Jurage and explore further. The Crossllnes team provides a weekty hot meal to homeless and vulnerdbly 1Ked p80ple on Monday nights, every week of the year. There are a team of ab(yJt 20 people who help wlth Cros81in8s. Including team members who wepar8 the food. WI work in tha kitchen and those who serve the guests. Thls gives opporlunty to befriend people In thls communtty, offerlng emotional and practlcal support and signposting where further help is n88ded. The team receive training and those who cook the food have achleved a food safety and hygiene qualfficatlon. In 2024 we 8P8nt £1,396 thls a¢, whlch wlll Include food costs, as well as replacsng certaln pieces of equipment. The team also threw a special Christrnas meal, whlch Included watter-service. the opportunlty to choose thelr dlnner from a menu. a decorated special venue and Ilve musiG. Sarah Vlnall, who heads up th18 taam,18 Invofved in the Exeter thurch88' )MbIned response to homele88nes8 In Exeter. Stephen Whfte and Peter Grlgorey fram Exetsr Vlneyard Church are truste08 of the Crossline8 charfty, thlch18 the tru8t that owns the bulldlng. Through the Govemmerf8 Community Spon8or8hlp Sch8me we have worked wlth Iwo other Ex8ter churches. Exeter Netwo Church and Belmont Chapel, to hou8e and support refugea famllles. Durfng 2024 continued the support ol two Syrian famllies, whlle welcoming the third f8mlly from Iraq. Thls support Indude8 arr8nglng hou81ng, eduCaon and requlred healthcare. Volunteers provld8 wraparound care and Support as the family adjusts to life in Exeter. whlle Inevbtably d8aling the traumatlc events that led them to bel refugees. Durlng 2024 th18 three church CA)Ilaboratk)n reglstered a8 a tharlty In Its (Yn rfght- Churches Actlon for Refijgee R68ettlement In Exeter (CARRIE) - and Dave Vinall18 a trustee. Durlng 2024 EVC donated £1,000 to CARRIE lo top up the furKI8 requlred for the thlrd famity. We have 8UPPOrted other local inltiatives and chariti88, lth wlth funds. o)Ilecllons and volurrteor support. Thls Indudes Exeter Foodbank. YMCA Exeter. and Southwest Youth Mlnl8trle8. Actlvltles for Internatlonal Benoflt We have maintained conn8CtTrons wlth thurch86 In India. Swilzefland arKI Stheffl Africa. The88 ara prlmarfly relallonal connectlons We have u)ntlnued our finandal support for Matt and Llz Wlsbey In thelr work Wydlff Blble Translators. While they ar8 based in Gloucester. Matt is involved in Literacy work through tha 'Language, Educath)n and Development (LEAD) Asia-Paclfic' team and through trainlng In the UK as part of the Moorlands College School of Language and Scrfpture MA course. We gave £840 toward8 their livlng costs in 2024. They had a glowing report from Wycliffe for their contribution to the organlsadon in 2024. We finandally support Daniel and Suzy Dugmore. arml thelr famlty, for thelr work with YWAM in 80uthern Africa. They are now based in South Afriix and oversee YWAM'S work in 5 nations of southern Afrlca, the alm of providlng rellef from povety. medical assistance. c¢ynmunity bulldlng and training young Malawians. We gav8 £1.550 in 2024. which indudes general monthly support and gift towards a lengthy trip they took to visit YWAM bases across the reglon.
Staffing Dav8 Vlnall is employed full tlme as the church's Pastor. HIS role Is to with members of the church to d8velop the direction and activities of the church. He tak8s a pastoral role for the members of th8 church and espe(aally for the volunteer leaders. He also organlses arKI runs actlvities for our secondary school aged children. Sarah Vinall18 employed part-tlme In the role of Senior Pastor. She is also our Safegu8rdlng Coordinator. rurks the Crosslines team and our primary sthool chiklren's acliviiies. induding Messy Church. Sarah Is invofved in establlshing new projects In the Church and supportlng thelr development and ongoing work. Sarah works 2.5 days a week. Adam Porter18 vnrklng one day a week as A8SiStant Pastor and continues to help support Dave In dlfferent aspects of churth acfjvlty. He organises our t8am of muslclans and supports our forthlghtly Sunday 88rvlce. Rachel Coth 16 our Operations Manager and works 2 days a wk. She Ilaises with extemal provlder8, make8 venue 1xkINd8, manage8 our communlcatlons and o)ordlnates pa8toral care for Isolated member8. Ken Brown Is our Flnance Admlnl8trator 6 hour8 a week He helps wlth the organl8adon'8 financlal recording and reporting. Jacob 818ckburn was empk)yed for 6 hours a week to organise our webslte and dlgttal communlcatlon, 5ncludlng produdng the vldeo materlal that our Hubs us8. In September 2024 he 8topped belng an employee and wwitched to working freelance to do Sne of the same activitles. Voluntsern Volunt•er8 cary out the majorlty of actlvlUe8 in the ¢urch. These are members of the church who take rosponsibillty to organise and run activitses. There are about 45 peopl& involv8d in setting up and runnlng our Sunday servlces. as well as people helping wlth Crossllnes. Roundabout. CHARIS Exeter and activltles for young people. Our Hub groups are led by volunteers. Th&8e volunteer leaders Vrk th Dave and Sarah Vlnall to organise and oversee 8Ctivitle8, including a signfficant role In organlsing activities and pastoral support for members of the church. Recognl$ing their eontributlon as volunteers. Hub Leaders are supported as a priority by Dave and Sarah and the staff team. Throughout the year we have meetings for tralnlng 8nd 8UPPOrt 8nd we spent £694 on thls across 2024. Property We renl St Leonard's Church of England Primary School for our Sunday servlc8s. uslng thelr halls. kltchen and smaller ny)m8 for ¢)ur 8erylce and chlklren'8 aclivlues. We do thls on the flrst and third Sunday of the month. We hlre a local communty centre for Messy Church arKI our youth dub. We have equipment stored, for free, on the fami of a church member. We dld have equipment stored in a storage unit, but in January 2024 the items were moved to Dave & Satah's house and the garage of a church member. who allows the equipment to be stored there for free. There were scffne costs for racking.
Networklng and Wlder Involvement We play an active role In the Vlneyard denomlnation In the UK. Dave arKI Sarah have attended several m881ings for Vineyard pastor5 in the South West and Wales region arKI we provtde financial 8UPPOrt to VSn8yar(I Churches UK and IrelarKI on a ba85s, tolalllng Just under £5.800 thls year. This money is used ty VCUKI for SUPFrf)ftiNJ churches. starting new ones. training leaders and communty initiatives. We also have g)od relationships wlth lo(xl thurces through dty4wide not and are involved vAth cr08&church Inthfjves. mosl notably the churthe8' response to hou81ng In the dty. Natlonally, we are members of the Evangellcal Alliance. Actlvltles for Genaratlng Funds The vast majority of our funds are raised through donatlons and Glft-Ald clalms. Everythlng doroted Is us8d to support the apAociated activities in line with the charilable aims and objectives of EVC. Plans for the Future During 2024 we have been able to contlnue our acmies. streamllning some of the organisatlon and tralnlng and 5nvolvlng more volunleers. We have seen more people comlng to our Sunday Ser¥ke8 and jolnlng Hubs. In 2025 are golng ts conts'nue this. wlth an emph8818 on empow8rlng member8. We plan further tralnlng for our volunteer Hub leaders. There are plans to look for further opportunttles to collaborate wlth other thurches In Exeter. In the summer of 2024 Dave ar S8r8h trjok 8 64veek half-sabbatlcal and they wlll be laklng anoth8r &w88ks away from acllve dutS88 In the summer of 2025. Thls Is an opportunlty for them to refresh and recharge. Flnanclal revlew Th8 charity made a surplus 01 £13,549 (2023 d8fidt of £4.195). Overall inrne increased by £1,994. Income from donatSons Increased by £3,928 from £122,993 In 2023 to £126,921 In 2024. Incom8 from bank interest also increased by £1.127 from £7.397 in 2023 to £8.524 in 2024. Income from charitable actlvltles decreased by £3,061 from £4.467 in 2023 to £1,406 in 2024. Total expendlture decreased by £15,749 from £139,052 In 2023 to £123.303 In 2024. The deuease In spend can be accounted for as follows: £4.375 restricted funds donated In 2023 Ixrt nol repeated in 2024 £4,629 decrease In spending on Leaders development and events In 2024 when compared wlth 2023 £5.294 decrea8e on special trip8 In 2024 then compared wlth 2023 An overall reduction on other spend of £1,451 with some cost Increas88 belng offset by other cost decreases. Staffing costs decreased by £1,412. In part thls can b8 attributed to a decrease in pald staff tim8 of 6 hours from September 2024. The Charitable compan$ funds totalled £191.863 of whlch £137,423 is restricted for a building. Reserves Pollcy EVC seeks to retsin cash r888rves equivalent to thr8e months of operating u>sts. We hav8 set this al £25,000. Unrestrlcted reserves (not Induding the designated fund) totslled £48,480. Thls is more than enough to cover current commitments Ixrt is undar regular revi6w by the trusle8S.
Statament of Trust•o8 Responslbllltles Th8 Trust88&1DlrectorB' Rewt has been prepared in accAirdanc with the provisions in the Companles Act 2006 relallng to small companles. 11 was approved by Ihe trustees on 111th 8•pth 2025 and *ned on thelr b8half by Trustee
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Report to the trustoesldlrectorsl membern of Exeter Vineyard Church On accounts for the year ended 31 st December 2024 Charlty no.: 1052898 Company no.: 03149728 Sot out on pagos 11-26 I report to the charity trusteas on my examlnatlon of th8 accounts of the Company for the year ended 3111212024 Rospon•lbllltles and basls of report As the charws trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts In accordance with the r8quirements of the Companies Act 2006 (Ihe 2006 Acr). Havlng satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for Independent examination. I report in respect of my examination of your charity's accounts as carried out urKler section 145 of the Charftles Act 2011 (Ihe 2011 Acf). In carrying out my examination, I have followed the Directions glven by the Charity Comrnission (under sectK)n 145(5){b) of the 2011 A Indepandont examinerfs statement I have completed my examination. I confimi that no material matters have come to my attenlion which gives me cause to believe that: accounting records were not kept in acdance with section 386 of the Companies Act 2006; or • the accounts do not accord such records; or . the accx)unts do not {mplY with relevant accounling requirements under section 396 of the Companies Act 2006 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 •the accounts have rK)t been prepared In accordance wlth the Charities SORP (FRS102). I have no ncernS and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached.
Slgnod: Dats: 1910912025 Name: Karen Silcox Relevant prnfesslonal quallficatlon(s) or body (If any): Member of the Association of Accounting Technicians (AAT) Licence number 1003207 Address: 19 Beverfey Close Exeter X2 5NJ 10
Charity Name Exeter Vineyard Church ChArity No Company 1052698 03149728 Annual accounts for the period To Perlod end 111r2024 3111212024 Section A Statement of financial activities (including summary income and expenditure account) unrMtr1ct Income funds fund• Total fund• R•comm•nd•d c•t•gorfe• by actmty Not•8 Prlor yoar fund• Incom• F01 F02 F04 F05 Incom• and •ndowm•nts from: 126.921 1.406 126,921 1,406 122,993 4,467 Ch•rlt•bkn aGII 705 129,032 7.819 7,819 8.524 136,851 7.397 134,857 Total Expendlturn Exp•ndttur• on: Ra181ng fvnd• 123,302 123,302 123,302 123,302 139.052 139,052 rotal Net Incom(0xpendfture) Reconclllatlon of funds.. 5,730 7,819 13,549 -4,195 Totat fund• t¥tyJght ftxwwd Total funds canled fonvard 48.710 54,440 129.604 137.423 178.314 191.863 182.509 178.314 11
. Charity Name Exetar Vineyard Church Charity No Company No 10fj289 03149728 Section B Balance sheet Lks a Ils4 DeLothbr | 2ozlk R•strlctod Unr•8trlctod Incom• fund• fund• Totsl th1 Total last yoar Notes Flx•d assets Tanglbh asmts 1,688 1.688 2.250 2,250 Total fixod Currnnt a•uls D•btorn 3.095 3.095 2.424 Ca•h at bank and In hand Tot•1 curnt assets 10 53,805 56.900 137.423 137.424 191,229 194.324 177.537 179,961 Cr•dltorn: amunts falllng du• wlthln one yoar 11 4.148 4,148 3,897 Net cunvnt •ssots/(Ilabllltl•sJ 52,752 137.423 190,175 176,064 Total n•t ass•ts or Il•blllU•8 54.440 137.423 191,863 178,314 Fund• of th• Charlty R••trICt Income fund• 12 137,423 137,424 129,604 D•slgn•tsd fiind• Unrnstrlct•d funds 5,959 5,959 5,222 48.480 54.440 48,480 191.863 43,488 178,314 Totsl funds 137,423 The company wa8 •ntld•d to •x•mpth>n from •udlt und•r s477 of th• Comp•nl•8 Act 2006 rnlatlng to small companl The membws have not requlr•d th• company to obtaln an audlt In accordance wlth $•cth>n 476 of the Companlos Act 2006. Tho dlrnctorn acknowledg• thelr rnsponslbllltl•s for complylng wlth th• r•qulrements of tho Companl•s Act wfth rnspoct to acuntIng records and the prnparatlon of accounts. These accounts h•ve been wep•rnd In •ccordance wlth the provlslon$ appllcabl• to small mp•nlo5 $ubJ•¢t to th• sm•ll companl•s rnglm• and In accofdanu wlth FRS102 SORP. 12
Slgned by one or two truste8sldirerAors on behalf of all the trustee&ldlreciorn Print Name Slgnature of dlre(kn authenticallng acrx>unts belng sent to Cornpanles Hou88 Slgnature 16/oq 12025 13
Exeter Vlneyard Church Period 1st January to 31st December 202 Sectlon C - Notes to the Accounts Note 1 Basls of Prnparatlon 1.18asl8 of a¢untIng These accounts hav8 b88n prepared under the hislorlcal cost convention with items recognlsed at cost or transadon valu8 unless otherwlse stated In lh8 relevarrt note(s) to the8e accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: ACcInting and Reporting by Charltbe8 preparlng their accA)unts Sn accordance *fjth the Flnanaal ReF)Orting Standard appllcable In the UK and Republlc of Ireland (FRS 102) Issued on 16 July 2014 Ihe Flnandal ReportlNJ Slandard appllcable In Ihe Unlted Klngdom and Republlc of Ireland (FRS 102) and with the Chartlles Act 2011. The charity conslilutes a publtsc b8n8fft entity as d8fined by FRS 102. 12 Golng Conc•m These accounts have been prepared on a golng concern basls, Th8 trustees have set a resep4es policy of holding £25.000 in unrestricted reser¥es. At the and of 31st D8cernber 2024 the charity hold8 sufflclent unre5tr1cted reserves. The trustees are confident that the charity will contlnue to operate for the next 12 months. 1.3 Chang• In accountlng pollcle8 The accounts present a trua and fair vlew arKI no tharoo8 have been made to the accounttng polldes adopted In the note 2. 1A Chang•• to accountlng estlmat•• No thanges to aca>unting 6stlmat88 have occurred In the reportlng p8rlod 1.5 Materlal prfor 11 •ffor• No materlal prlor year errors have been Idenned In the reportlng perlod. 1.6 Fund accountlng Unrestricted funds are avallable for use at th8 dlscrellon of the trustees In lurtherance of the general objectives of the charlty. Unrestricted funds include a revaluats'on reserve representlng the restatement of Investrnent assets at market values. DesSgnated funds are unr8strict8d furmls earrnarked by the trustees for particular purpos88. Restrlcted funds are 8ubJeded to r88tr1dlons on thelr expendlture Imposed by the donor or through tho tom of an appeal. 14
Note 2 Accountlng Pollcles 2.1 Income Rocognltlon of Incom• Incorne is inclLKled in the Ststement of Flnand81 Acbvlties (SOFA) wthen the charlty becomes entitled to the resourc8S it is more likely than not that the trust88s will receive tho re%>urce8; the monetsry value can be measured wtth sullldent relSablllty. Offuttlng There has been no off8ettlng of a88ets and Ilabilltles, or Income and expens88, unless required or perniltted by the FRS 102 SORP or FRS 102. Grnnts and donatlons Grants and donations are only Included In th6 SOFA when the general income reo)gnltk>n crltarla arn met (5.10 to 5.12 FRS102 SORP). Tax roclalm• on donatlons and glft• Gift Atd receivable is Induded in in(x)me whon ther8 is a valid d8daration from th8 donor. Any Glft Ald amount recovered on a donatlon Is cons5dered to be part of that gift and Is treated as an addltSon to the same fund as the initial donatK)n unless the donor or the terms of the appeal have specified otherw18e. Volunt••r help The valu8 of any voluntary help received Is nol Induded In the accounts but18 de8crlbed In the trusl8es' annual report. Incom• from Int•r••( royaltl•s •nd dlvld•nds Th1818 Included In the accounts when rKolpt18 probable and the amount recelvable can be measured rellably. 2.2 Expandlturn Uablllty r•eognltlon Liabilities are recognised where it is mor8 likely than not that there is 818gal or con8tructive obligation commlttlng the charlty to pay out re80urc88 and the amount of the ob119ati be measured wlth reasonable certainty. Crodltor• The ¢harlty has credltor8 whlch are measured at seluement amounts less any trade dlscounts. 2.3 Assets Tanglbh fixod assets for by charlty These are capltallsed Ir they can be used for more than one year, and $t at least £500 They are valued at cosL The deFxeciation rates ar rnthods used are disclosed in rK>te 8 15
Dabtorn Debtors (including trade debtors and loans receivable) are measured on Initial recognition at settlement amount after any trade dis(x)unts or amount advan(%d by the charity. Subsequently. Ihey are measured at th8 <xsh or other rnnsideralion expected to be received. Current as••t Investm•nts The charity has investments which it holts for resale or pending thelr sale and cash and cash equivalents with a maturlty date less than one year. These include cash on deposlt and cash equivalents with a maturity of Ihan one year held for investment purposes rather than to meet short-term cash commitments as they fall due. They are valued at falr value except where they quallty as baslc flnanclal instruments. 16
Nots 3 InGomo & Legacles Thls year R•$trlctsd Anatysh of Unrestrlctsd Income Incom• Last Year Restrlctsd unrnStrfct Income funds funds Total funds Total funds Donatlon• and 1oga¢l•s: Donallons and glfts Gfft Ald 3,600 875 99,410 23.583 122,993 102.382 24,539 126.921 102.382 24,539 126,921 95.910 22,708 118.618 Totsl 4,375 Othor tradlng actlvlllas: Conference I event In(xxne 1.406 1.406 1.406 4.467 4.467 4,467 4,467 Totsl , Income from Investmonts: Interest income 8,524 8,524 136.851 3.030 3,030 126.115 4,367 4.367 8,742 7,397 7,397 134,857 705 705 129.032 7,820 7.820 7,820 Tolal TOTAL INCOME 17
Noto 4 Expendlturn Th18 y••r La•t yoar Ro•trlct•d Unrestrlctad Restrlctsd Total Unrostrlctsd Incomo funds Incomo fvnd* funds fvnds funds Tol•l fiind• Anaty•l• Exp•ndlturo on charttabl• actlvlllu: Charitable GiviThJ 12.782 12.782 11,314 4,375 15,689 Employment Costs Pastor81 Accomodation YouthlStudenVChlldrens120'8 Wort¢ Leader8 Development and Events Slaff Tralnlng 65,529 65,529 66,941 66,941 18.953 18.953 18.573 18.573 7,334 7,334 6.945 6,945 811 811 5.440 5.440 1,075 1,075 219 219 Travel expen$ Speclal Trlp8 Insurance 1.067 1,067 737 737 6,031 6,031 1,907 1.7 1,751 1.751 Telephone Prlnt Postage and Ststlonery Web81te c08ts 1.240 1.240 1,518 1,518 29 29 716 716 519 519 419 419 Subscflptlons and Llcen Con8umablo8 l office supplles General 6xpens8s 872 872 1,298 1,298 236 492 492 4,705 4,705 5.753 5.753 Hlre of premlses General equlpment and repalr8 Legal and Profe88lon81 fee8 Accountlng and IrKlependent Examlnation fee Bank int6rest and charges 2,488 2.488 2,278 2.278 626 626 1,253 1,253 1.003 1.003 921 921 800 850 199 199 Depreclatlon 562 562 749 749 TOTAL EXPENDITURE 123.303 123.303 134,677 4,375 139.052 18
Nots 5 Delalls of certaln types of oxpendlture Th18 year Last yoar Indapond•nt mIn•$ fws 850 800 Other fem (for •xampl•: flnanclal advlce, con•uttancyi accountanw urvlc••) pald to th• Indopond•nt oxamln•r 150 Nots 6 Pald employees 6.1 Staff cts Thl•y Last y•ar Salarl•s •nd wag Soclal socurlty Penslon ¢ost• (d•fin•d contrlbutlon h•M•> Totsl staff ¢o•ts 63.928 65,340 1.601 65,529 1.601 86.941 No staff contracts are and pald by a related paty alther thls year or last year. No employee recefved remuneratlon above £60.000. 6.2 Average hoad count In tho year Thls year Nurnr Last yoar Numb•r Tho parts of the charlty In whlch the omployees vffjrk LnaritaDI• Total 19
Nots 7 Grant maklng 'Thl8 year. 7.1 Ana1¥ of grants pald (InGludod In Gost of chartiablo actlvltl•8) P•ym•nts to Paymonts to Expon••8 In•tltutlo Indlvlduals paymonts Total 8enevolence 131 131 Dugmores. Malawl Grants Organksations 1,550 1,550 3.220 3,220 Homele88 Ministy 1.406 1,406 Indla Partnershl 300 300 Wineyard UK & Ireland 6,175 6.175 Total 9,245 1,550 1,537 12,782 Breakdown of payments to Grant Organlsatlon• Totsl pald £ Chrlstlans Together In Exetsr Crosslines 35 Evangelical Ajliance CHARIS 100 1,000 Exeter Foodbank Wycliffe Blble Translator3 for Wlsb8Vs The Gathering YMCA 150 650 Expenses for Roundabout Project 41 Total 3,220 20
7.3 Analysls of grnnts pald (Includod In cost of charftable aellvttlM) Grants to Grnnts to Exponses Instltutlon8 Indlvlduals mènts Anatysls Total Benevolence 258 258 Dugmores, Malawi 5,275 5.275 Grants Organlsations 2.024 2,204 Homeless Ministy 1,450 1,450 Indla Pather8hlp 600 Vlneyard UK & Ireland 6.145 6.145 Total 8,769 5,275 15.689 7A Brnakdown of paym•nts to Grnrt Orynl•atlon• Total amount of grnnts pald £ Evangellcal Alliance 100 Exeter Foodbank 360 Wydlffe Blble Translator3 for WlsbeV8 Expen8es for Roundabout Project Britlsh Red Cross 154 500 Other expenses 70 Tot•1 2.024 21
Nots 8 Tangible Flxed Assets 8.1 Cost or valuatlon Plan( machln•ry and rnotor vohlclo• Total At the beglnnlng of the year Addltlons 51,882 51,882 Revaluatlons D18posal8 Transfers ' At end of the year 51.882 51,882 82 D•preclaUon and Impalmnts At beginning of the year 49.632 49,632 Disposals Depreclation 562 562 Impalmient Transfers" At end of the year 50.194 50,194 8.3 Not IK*ok valu• Net book value at the beglnnlng of the year 2,250 2.250 Net book value at the end of the year Plant and Machinery Is depreciated at 25% per annum on a reducing balance basis.
Nots 9 Debtors and Propaymonts 9.1 Anatysls ol d•btor• Thls yur La•t year Glft ald 2.195 1,778 Prnpaym•nts and accNod Incom• Oth•r d•btor• Total 3,095 2.424 Nots 10 Cash at bank and In hand Th1• y•ar La•t ar Short t•mi ca•h Invutm•nts (l•M than 3 months maturlty dat•) Short t•mi d•po•lts Ca•h at bank and on hand 137,424 33,867 19,938 191.229 130,726 32,204 14,607 177,537 Total Nots 11 Crndltors and Accruals 11.1 Anakn of cr•dttorn Amounts falllng du• wlthln on• y•ar Th1• yoar Last y•ar Trad• cr•dltor• 2,671 2.339 Ac¢Tual• and d•f•rr•d Incom• 850 800 Taxatlon and Sodal s•curtty 627 758 Total 4,148 3,897 N¢)ts 12 Falr Value of assots and Ilabllltl•s The charlty onty holds financlal assets and liabllities of Ihe kind that qualify as basic financial Instruments. These are Inlilally recogn58ed at transactlon value and subsequenty measured at S8ttlem8nt value. The charlty h8s mlnlmal exposure lo credlt rlsk 88 the charws only debtor18 HMRC re18tlng to glft aid. Th8 charity manages its exposur8 to liquidty risk by holdirw funds in short temi cash investrnents and d8posIts. The charlty manages Its exposure to market risk by using 8 fund categorlsed as short4erm I¢ votatillty net asset value money market furMI under the Money Market Fund Regulation. Th1$ Is Ihe same as last year. 23
Note 13 Charlty Funds 13.1 Thls year Fund balanc brougm Fund balanc carrl•d foThvard Purpo•• and R•strlctlon Galns and Fund nama• Incom• Expondltur• Transhrn Provlslon for purchas8 of church building 8uildlng Fund Restrlcted 129,604 7,819 137,423 Total Fund• as p•r balan 8h••t 129.604 7,819 137.423 13.2 Last Year Fund lancos brought forward Fund balanc carrled forward Purpo•• and RMtrlctlon• Galn• and 10•808 Fund nam•s Exp•ndltur• Trnn•f•rn ProvisÉon for purcha8e of church building Bulldlng Fund Danlel And Suzy Dugmore (YWAM Restricted 125.237 4.367 129.604 Support for thelr work wlth YWAM from spedfic donation8 Africa) Restricted 4,375 (4.375) Total Funds a8 p•r balanc• 8hMt 125.237 8.742 4.375 129,604 The charfty also holds a d8Stgnated fund for the support of sabbaticals for church pastors. Monies are held in a separate bank account for thls purpose. As at the 31st December 2024 the balance on this account was £5.959.(2023 £5.222) 24
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