Reports and Financial Statement
For the year ended 31 March 2021
Vineyard Christian Fellowship South West Nottingham
Company Number 3170693 Charity Number 1054485
Vineyard Christian Fellowship South West Nottingham
Vineyard Christian Fellowship South West Nottingham
Contents
| Page | |
|---|---|
| Directors Report | 5 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Notes to the financial statements | 12 |
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Vineyard Christian Fellowship South West Nottingham
Company Information
Charity Registration Number 1054485 Company Registration Number 3170693 Company Secretary Richard Pillar Registered Office 29 David Grove Beeston Nottingham NG9 3AF Bankers Natwest Bank Plc High Road Beeston Nottingham NG9 2JX Insurers Ansvar Insurance Co. Limited Ansvar House St. Leonard’s Road Eastbourne East Sussex BN21 3UR
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Vineyard Christian Fellowship South West Nottingham
Directors’ Report
The directors, who act as Trustees for charitable purposes, present their report and the financial statements for the year ended 31 March 2021.
Structure Governance and Management
Name of Chief Executive
Gary J Smith
Trustees
There has been no change in the trustees in the year 2020-21.
Risks
The directors have always been aware of the major strategic, operational and financial risks to the charity. In the year all of the major areas were reviewed and brought up to date.
The Child Protection policy requires every adult who is involved in working with the children of the church to be screened and undertake to follow the church guidelines. Also the Senior Pastors are DBS checked.
Public liability is covered by an insurance policy with the charity insurers Ansvar Insurance Co. Limited.
Financial security is managed by a monthly review of financial status by the trustees.
Responsibilities of the Directors
Company law requires the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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Comply with applicable accounting standards subject to any material departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and any other irregularities.
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Vineyard Christian Fellowship South West Nottingham
Nature of the company
South West Nottingham Vineyard (incorporated on 11 March 1996) is a charitable company limited by guarantee (‘the Company’) and is governed by the Memorandum and Articles of Association, which were adopted on 7 February 1996. The accounts comply with the current statutory requirements and with those of the governing documents and include any other additional information required by law.
The charity is a church and part of the UK national Vineyard Church movement.
The directors and trustees set out below have held office during the whole of the period from 1 April 2008 to the date of this report.
G J Smith R L Pillar B E Cutts
(Chairman)
Also the following person became a director and trustee on 1[st] January 2020. R G Crew
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Vineyard Christian Fellowship South West Nottingham
Directors’ Report (continued)
Objectives and activities
The principal charitable purposes of the company in accordance with the objects of the Memorandum and Articles of Association in the period under review was:
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the advancement of the Christian faith
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the relief of the poor and needy
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the relief of the sick, disabled and elderly
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for the benefit of other charitable bodies and institutions as the directors see fit.
Objective for the year
Our objective was to provide a Christian Church for the teaching of and guidance in the Christian faith and the responsible participation in community life that flows from it, for all age groups.
Achievements and performance
This was successfully fulfilled as detailed in this report.
The church functioned throughout the year in the following ways
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Sunday services, either pre-recorded as videos, or on Zoom, due to Covid-19.
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Home-groups, also via Zoom.
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Ministry projects in the community.
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Financially supporting other needs.
Sunday services
- The main activities were teaching and worship for adults and children. The focus was on how to live life through all circumstances of community, employment, domestic and life circumstances and serving others. The average attendance was approximately 35 adults and 10 children. Services were held either as pre-recorded videos, or on Zoom.
Home-groups
The purpose of home-groups was for people to relate to and care for each other in groups of approximately eight people. Five groups met weekly including one group of teenagers. Life issues were shared and people extended care towards each other. Attendance at home-groups was approximately 30 adults and 2 teenagers.
Ministry projects to the community
During the year the following ministry projects were run in the community.
1. Food parcel delivery
2. Community allotment preparation
3. Projects overseas for poor & needy
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Vineyard Christian Fellowship South West Nottingham
Directors’ Report (continued)
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Members of the church are volunteers with a local charity delivering food parcels to adults with disadvantages like jobless, homeless and disabilities.
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Members of the church have continued development of a community allotment for adults with special needs, to be used once Covid restrictions lift.
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One member of the church currently serves community projects in India. We also have a link with a church in a poor area of Brazil that was started by missionary members of the church.
Financially supporting other needs
As listed on page 13 .
Contribution by volunteers
In order for the church to carry out the above activities the majority of the work came from volunteers within the church. 70% of the people in the church were actively serving to support the activities. Many of those people served in more than one area of activity.
Fund raising activities
The charity does not engage in fund raising activities.
Objective for the coming year
Our objective is again to provide a Christian church for the teaching and guidance in the Christian faith and the responsible participation in community life that flows from it for all age groups.
We would anticipate this to result in
Church services Home-groups Ministry projects in the community
Financially supporting other needs .
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Vineyard Christian Fellowship South West Nottingham
Directors’ Report (continued)
Financial review
The accounts are presented in the format for charity accounts suggested by SORP 2005.
Principle funding sources
The principal funding source is voluntary donations made by church goers.
Details of social, environmental and ethical concerns taken account of in investment policy There are no investments other than cash at the bank.
Reserves and investment policy
The directors aim to maintain £10,000 operating expenses collectively in these accounts.
The directors are satisfied that the level of reserves is commensurate with the annual expenses of the church.
The trustees review this policy on an annual basis.
Grants and gifts
As detailed in note 6 to the financial statements the company has made a number of grants and gifts in accordance with its objects.
Results
The income rose from the previous year’s level. The resources used by the Charity were less than the budget, mainly due to not hiring the school building for Sunday morning services, due to the Covid pandemic. Hence the net incoming resources for the year were positive.
The net incoming resources for the year were £9822 (2019/20: £873).
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Vineyard Christian Fellowship South West Nottingham
Statement of financial activities
For the year ending 31 March 2021.
| note | unrestricted | restricted | endowment | Total | funds | |
|---|---|---|---|---|---|---|
| funds | funds | funds | 2021 | 2020 | ||
| Incoming resources | ||||||
| Incoming resources from generated | ||||||
| funds | ||||||
| Voluntary income | 3 | 41830 | 0 | 0 | 41830 | 42341 |
| Investment income | 4 | 0 | 0 | 0 | 0 | 0 |
| Total incoming resources | 41830 | 0 | 0 | 41830 | 42341 | |
| Resources used | ||||||
| Costs of generating funds | ||||||
| Charitable activities | 6 | |||||
| Total grants | 4183 | 0 | 0 | 4183 | 4234 | |
| Costs of activities | 26143 | 0 | 0 | 26143 | 30418 | |
| Governance costs | 7 | 1682 | 0 | 0 | 1682 | 6816 |
| Total resources used | 32008 | 0 | 0 | 32008 | 41468 | |
| Net movement in funds | 9822 | 0 | 0 | 9822 | 873 | |
| Reconciliation of funds | ||||||
| Total funds brought forward | 21465 | 0 | 0 | 21465 | 20592 | |
| Total funds carried forward | 31287 | 0 | 0 | 31287 | 21465 |
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Vineyard Christian Fellowship South West Nottingham
Balance sheet
For the year ending 31 March 2021.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Current assets | ||
| Cash at bank and in hand | 31287 | 21465 |
| Total current assets | 31287 | 21465 |
| Financed by | ||
| Starting balances | 21465 | 20592 |
| Excess (- deficit) to date | 9822 | 873 |
| Total financed by | 31287 | 21465 |
| Net current assets | ||
| Current assets minus creditors due within 1 year | 31287 | 21465 |
| Total assets less current liabilities | ||
| Fixed assets plus (or minus) net current assets | 31287 | 21465 |
| Net assets | ||
| Total assets less current liabilities less creditors falling due after | ||
| one year, less provision for liabilities and charges | 31287 | 21465 |
| Represented by funds | ||
| Unrestricted general | 31287 | 21465 |
| Unrestricted designated | 0 | 0 |
| restricted | 0 | 0 |
| endowment | 0 | 0 |
| Total | 31287 | 21465 |
For the year ended 31[st] March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility to comply with the requirements of the Act with respect to accounting records and the preparation of accounts.
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Vineyard Christian Fellowship South West Nottingham
Notes to the financial statements For the year ended 31 March 2021
1 Accounting policies
1.1 Accounting Convention
The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice ‘Accounting and Reporting by Charities.’
1.2 Funds
Following the requirements of the Statement of Recommended Practice all funds of South West Nottingham Vineyard Christian Fellowship have been analysed over the different types of fund, which are:
Unrestricted funds
Unrestricted funds are those which are not subject to any special restrictions and they can be used as the trustees decide. Designated funds are part of unrestricted funds and are amounts the trustees have set aside to cover particular expenditure.
Restricted funds
Restricted funds are those where the donor has imposed restrictions on how the funds may be used, but which do not prevent the fund being spent. At 31 March 2021 SW Nottingham Vineyard held no restricted funds.
Endowment funds
Endowment funds are those where there is a requirement imposed by the donor to retain capital, but which allows income arising to be used. At 31 March 2021 SW Nottingham Vineyard held no endowment funds.
1.3 Incoming resources and resources expended
Income from donations and gift aid has been included in the Statement of Financial Activities on a receipts basis. Other income, interest and income tax recoverable on Gift Aid receipts, together with all expenditure, have been included on an accruals basis.
1.4 Grants payable
Grants payable are recorded as expenditure when the Directors authorise their payment.
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Vineyard Christian Fellowship South West Nottingham
Notes to the financial statements For the year ended 31 March 2021
1 Accounting policies (continued)
1.5 Depreciation
Direct charitable expenditure of a capital nature is written off as incurred.
1.6 Pension costs
The company makes contributions to the private pension plan of one employee.
2. Income.
The income and net movement of funds is wholly attributable to the company’s main activities.
The income arises entirely in the UK.
3. Income resources from donations (voluntary income).
----- Start of picture text -----
2021 2021 2020
Unrestricted Designated Restricted Total Total
£ £ £ £ £
Offerings 1050 1050 3598
Standing orders 32642 32642 29842
Income Tax Refund 8138 8138 8901
total 41830 41830 42341
----- End of picture text -----
4. Income from activities in furtherance of charitable objectives.
----- Start of picture text -----
2021 2021 2020
Unrestricted Designated Restricted Total Total
£ £ £ £ £
Interest received 0 0 0
total 0 0 0
----- End of picture text -----
5. Resources used.
Made up of Charitable activities and Governance costs.
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Vineyard Christian Fellowship South West Nottingham
Notes to the financial statements For the year ended 31 March 2021
6. Charitable activities made up of grants and gifts and cost of activities in furtherance of the charities objectives.
----- Start of picture text -----
Grants to institutions 2021 £ 2020 £
Association of Vineyard Churches (UK) 2160 2160
Vineyard church, Recife, Brazil 365 340
L'Arche Nottingham 364 340
Hope Nottingham 364 346
L’Arche allotment project 364 340
Bangalore Childrens Fund 288 288
Christian Solidarity Worldwide 100 100
Open Doors 100 100
Red Cross 0 100
Total to institutions 4105 4114
Grants to individuals 0 0
Special occasion gifts 78 120
Total grants 4183 4234
----- End of picture text -----
Costs of activities in furtherance of the objects of the charity
| 2021 £ | 2020 £ | |
|---|---|---|
| Sunday services | 1488 | 1688 |
| Vehicle mileage | 155 | 468 |
| Staff salary and insurance | 24500 | 28262 |
| total | 26143 | 30418 |
7 Governance costs
| 2021 £ | 2020 £ | |
|---|---|---|
| Premises | 250 | 5478 |
| Admin and supplies | 1432 | 1338 |
| total | 1682 | 6816 |
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Vineyard Christian Fellowship South West Nottingham
Notes to the financial statements For the year ended 31 March 2021
Staff salary costs
| lary costs | ||
|---|---|---|
| 2021 | 2020 | |
| Wages and pension | 21300 | 25573 |
| Social security costs | 3200 | 2689 |
| 24500 | 28262 |
The average number of persons employed by the company during the year was:
| 2021 number Pastoral 1 Administrative 0 Support 0 1 |
2020 number 1 0 0 |
|---|---|
| 1 |
| Director’s emoluments: | Director’s emoluments: | ||
|---|---|---|---|
| G. J. Smith: | For ministry services | ||
| 2021 | 2020 | ||
| salary | 0 | 7704 | |
| pension | 0 | 1027 | |
| insurance | 360 | 433 | |
| total | 360 | 9164 |
No executive director other than G.J. Smith received emoluments from the company, which is allowable under the Memorandum and Articles of Association.
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Vineyard Christian Fellowship South West Nottingham
Notes to the financial statements For the year ended 31 March 2021
9 Reserves
The company is limited by guarantee and does not have a share capital.
10 Analysis of net assets between funds
Total net assets of £31,287 are represented by cash at bank and in hand of £31,287.
The charity deposits cash not required on a day-to-day basis with Natwest Bank PLC. Funds are available at immediate notice. All net assets are represented by unrestricted funds.
11 Capital Commitments
The company had no capital commitments at 31 March 2021 and 31 March 2020.
12 Contingent liabilities
The company had no contingent liabilities at 31 March 2021 and 31 March 2020.
As a registered charity the income of the charity is exempt from taxation.
13 Statement of Recommend Practice (Revised 2005)
In order to comply with the requirements of SORP 2005 some of the comparative figures have been reclassified to achieve consistency with the current year figures.
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