Sutton Vineyard
Report and Accounts Year ended 28 February 2021
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
SUTTON VINEYARD
FOR THE YEAR ENDED 28 FEBRUARY 2021
CHARITY INFORMATION
Trustees
Jonathan Bochenski Clare Hardie Claire Miles (resigned 15 March 2021) Thomas Miles Amy Page Jonathan Page Aredi Pitsiaeli (appointed 29 June 2020) Keith Sunderland (appointed 24 May 2021)
Key Staff
Jason and Beverley Clark (Senior Pastors) Jonathan Dowdeswell (Operations and Business Manager) Benjamin Webb (Youth and Community Development Pastor) Hannah Miles (Children and Families Pastor)
Governing Document Memorandum and Articles of Association until 6 March 2020 Constitution dated 6 March 2020, as amended 4 May 2020
Charity Registration Number 1061363 Principal Address Sutton Vineyard Stayton House Stayton Road Sutton Surrey, SM1 2PS Independent Examiner Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers Co-Op Bank Lloyds Bank
| Contents | Page |
|---|---|
| Charity Information | 1 |
| Trustees' Annual Report | 2-4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Cashflow Statement | 8 |
| Notes to the Accounts | 9-16 |
| Detailed Statement of Financial Activities with Comparatives | 17 |
Page 1
SUTTON VINEYARD
TRUSTEES' ANNUAL REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2021
The trustees have pleasure in submitting the Report and Accounts for the year.
Statutory information about the charity
The charity was a charitable company limited by guarantee (company registered number 03319200) until 6 March 2020. On 6 March 2020 the charity converted to a charitable incorporated organisation. The charity is no longer registered with Companies House but retains is registered charity number (which is 1061363). The charity was governed by a Memorandum and Articles of Association until 6 March 2020 when it was then replaced by a new Constitution.
Objects of the charity
The object of the charity is to advance the Christian faith through (a) the organisation and provision of Christian worship (b) undertaking activities appropriate for a Church (c) the provision of facilities for Christian training and service (d) Christian evangelism and outreach and (e) providing assistance to the wider Christian church.
Aims
The church's mission is to invite people into their first and next encounter with God. This is achieved by undertaking the activities set out in the 'Activities and Achievements' section of this report.
We continue to encourage our members to invite our local community into the activities of the church.
To facilitate the church's mission, by the end of this period the church had 10 paid staff members, 4 full time and 6 part time. This equates to 7.15 full time equivalent staff. We continue to keep our staffing needs under review.
In planning the activities the trustees have had regard to the guidance on public benefit issued by the Charity Commission.
Activities and Achievements
The activities undertaken during the year to achieve the church's mission and, related achievements, fall under the following broad headings:
Ministry
The vast majority of Sunday services over this year had to take place online. We quickly adapted to live streaming services from our rented premises at Stayton House. This was a challenge for all involved, but we have been encouraged by the engagement of people from many different locations in our online services.
Our work with kids and youth over the year has also had to adapt to the changing environment. We have held events in person when allowed and offered numerous online activities to keep people connected.
Ministry continued
Small groups have been more important that ever over the past year. They were a vital point of connection and support for people and a place for them to receive pastoral care, access to Christian formation experiences and connection with the broader mission and vision of the church. Our senior pastor Bev Clark continues in the role of Connections Pastor, researching and developing how our church might better integrate new people, and engage them with care, discipleship and opportunities to serve, within our vision and mission.
Community outreach
Our activities in this area have been severely hit by covid restrictions. We have continued to serve our community wherever possible, for example we supported a local women's refuge, run an online alpha course and continued our Lighthouse ministry to provide childrens clothes and equipment whenever restrictions allowed.
National and international mission
Our church not only works to meet needs and care for those locally but nationally and internationally. We continued to focus on the development of and support of our primary international mission partner Aslan, Hope in Sport in Cape Town, that cares for and meets needs for some of the most vulnerable children in that city.
Internationally Jason Clark serves as a board member of the Vineyard Institute, helping lead a review of the training and education of our pastors and leaders around the world. The time spent in this area extends our church's mission into contact and support for hundreds of other churches and pastors, locally, nationally and internationally.
The money needed to finance all these activities doesn’t come from Vineyard churches’ head office, or gifts from rich Christians, or trust funds. It will come, as it always has in the life of the church, from continuing support by our church family, and from those of you reading this report.
The impact of the church (being a body of believers) on the lives of individuals, in particular those living in the local community, has continued to grow and this is the yardstick that has been used to measure success. As the church has sought to achieve its mission, the number of people participating in small groups and serving in various capacities have also both grown.
Page 2
SUTTON VINEYARD
TRUSTEES' ANNUAL REPORT continued
Grant Making
There are a large number of worthwhile local, national and international initiatives that the church cannot undertake directly. The trustees, in conjunction with the church's senior leaders, have identified several projects that they believe the church should support and during the year the church made grants of £74,924 (2020: £71,176) to these projects in furtherance of its charitable objectives. Further information about these grants is given in the notes to the accounts.
Volunteers
Most of the church's activities are undertaken by volunteers who generously donate their time and skills. It is not practical to place a value on these services and, in this respect, no amounts have been included in the statement of financial activities.
Staff Remuneration
Staff salaries are reviewed each year taking into account relevant data on average salary increases in similar industries and careers, the change in the cost of living in the Sutton area and the current financial situation of SVC. Trustees alone make the decision about staff remuneration.
Relationships With Other Organisations
We look to VCUKI to facilitate the sharing of best practice between Vineyard churches.
Structure, Governance and Management
The policy and operating decisions of the charity rest with the trustees who meet regularly to monitor the activities of the charity. New trustees are given induction training by existing Trustees, making use of Charity Commission resources, Stewardship guides and internal policy and procedure documents. Regular refresher training is strongly encouraged.
The trustees delegate responsibility for the day-to-day running of the charity's activities to key management personnel. An annual budget is approved by Trustees each year, with non-regular items outside of budgeted amounts that exceed £250 requiring additional trustee approval.
Financial review
During the year income increased by £41,983 to £641,159, and expenditure decreased by £66,625 to £525,601. As a result the charity has reported a surplus of £115,558 (2020: £6,950) and the charity's net assets have increased by this amount, to £246,361. Net current assets increased by £133,162 to £210,103; this includes cash of £212,679 of which £173,159 is unrestricted.
This year's increase in income was largely due to generous giving by members who increased their giving (including related gift aid) by just over £59,000. The charity also benefitted from some COVID-19 related government grants, which amounted to just under £13,000. These gains were partly offset by a reduction of £30,000 in income from charitable activities because, as a result of COVID-19, the charity could not let its premises as frequently and could not undertake many of the previous regular activities.
COVID-19 has contributed to a significant reduction in expenditure. The church could not meet physically on Sundays for most of the year and the church's ministry in other areas had to be curtailed (saving around £89,000). Against these savings, an additional £22,000 was spent on staffing and on IT and media so that the church could continue it's mission in an on-line setting.
Reserves policy
During the year free reserves (being the charity's unrestricted, undesignated, net current assets) increased by £88,812, to £155,571. The target for free reserves set by the trustees is £100,000, which, they believe, would be sufficient to allow the charity to (a) continue to operate should budgeted income, or expenditure, vary unexpectedly, (b) go a considerable way towards covering the costs of winding up the charity in the unlikely event that it decides to stop operating and / or to (c) respond to new opportunities to advance the kingdom of God as they arise. The trustees note that the reserves held at the year end exceed the target set. The trustees are discussing how best to use these funds to aid the mission of the church as the covid restrictions end.
Risks and Uncertainties
The trustees have reviewed the risks to which a small charity operating with few employees is exposed. The trustees and key management meet regularly to identify risks and then take action to mitigate these risks as far as practically possibly. The principal risk faced by the charity is that income (which is almost entirely voluntary) and / or expenditure may vary unexpectedly. To mitigate this risk the charity has accumulated free reserves (see the above reserve policy) and the trustees monitor current levels of income and expenditure so that measures can be taken to address any adverse variances before the charity's free reserves are exhausted.
Page 3
SUTTON VINEYARD
TRUSTEES' ANNUAL REPORT continued
Plans for the future
Looking ahead the church's principle goals are as follows:
-
To "re-plant" the church as we come out of the period of covid restrictions.
-
To recruit a replacement youth pastor.
-
To develop our relationship with our partner mission of ASLAN
-
To grow our Children’s ministry around the Orange Philosophy of integration between home and the church for Christian education and formation
-
To continue to invite and facilitate members into active participation of the mission of the church, by serving, giving, praying and belonging to a small group
-
To continue to support our wider church movement locally, nationally and internationally
-
To consider our future staffing needs and whether to employ an associate pastor.
-
To continue to call and empower our members to invite people into engagement and participation of the experiences and activities of our church.
Responsibilities of trustees
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether the applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in
operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They 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.
Approval
This report was approved by the trustees and signed on their behalf by:
MR JONATHAN BOCHENSKI
Date: 25 July 2021
Page 4
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
SUTTON VINEYARD ('the Charity')
I report to the charity trustees on my examination of the accounts of the Charity for the year ended 28 February 2021 on pages 6 to 17 following, which have been prepared on the basis of the accounting policies set out on pages 9 to 10.
Responsibilities and basis of report
As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB
26 July 2021
Page 5
SUTTON VINEYARD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 28 FEBRUARY 2021
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Total income and endowments EXPENDITURE ON: Charitable activities: 5 Raising funds Total expenditure Net income/(expenditure) Transfers between funds 14 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 14 |
Unrestricted Funds £ 578,528 3,656 582,184 498,476 - 498,476 83,708 - 83,708 120,621 204,329 |
Restricted Funds £ 58,975 - 58,975 27,125 - 27,125 31,850 - 31,850 10,182 42,032 |
Total Funds 2021 £ 637,503 3,656 641,159 525,601 - 525,601 115,558 - 115,558 130,803 246,361 |
Total Funds 2020 £ 565,240 33,936 |
|---|---|---|---|---|
| 599,176 | ||||
| 591,745 481 |
||||
| 592,226 | ||||
| 6,950 - |
||||
| 6,950 123,853 |
||||
| 130,803 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The notes on page 9 to 17 form part of these accounts.
Page 6
SUTTON VINEYARD
BALANCE SHEET
AS AT 28 FEBRUARY 2021
| Note FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stock 8 Debtors 9 Cash at bank and in hand 10 CREDITORS: Amounts falling due within one year 11 Net current assets / (liabilities) TOTAL NET ASSETS FUND BALANCES 14 Unrestricted Funds General funds Designated funds Restricted Funds |
Unrestricted Funds £ 36,258 - 9,140 173,159 182,299 14,228 168,071 204,329 191,829 12,500 - 204,329 |
Restricted Funds £ - 2,512 - 39,520 42,032 - 42,032 42,032 - - 42,032 42,032 |
Total Funds 2021 £ 36,258 2,512 9,140 212,679 224,331 14,228 210,103 246,361 191,829 12,500 42,032 246,361 |
Total Funds 2020 £ 53,862 |
|---|---|---|---|---|
| 2,432 14,739 78,331 |
||||
| 95,502 18,561 |
||||
| 76,941 | ||||
| 130,803 | ||||
| 120,621 - 10,182 |
||||
| 130,803 |
The financial statements were approved by the Board of Trustees and were signed on its behalf by:
MR JONATHAN BOCHENSKI
Date: 25 July 2021
Charity number: 1061363
The notes on page 9 to 17 form part of these accounts.
Page 7
SUTTON VINEYARD
YEAR ENDED 28 FEBRUARY 2021
CASH FLOW STATEMENT
| Note Cash flows from operating activities: Net cash provided by (used in) operating activities A Cash flows from investing activities: Purchase of property, plant and equipment Net cash provided by/(used in) investing activities B B Cash and equivalents at the beginning of the year Cash and cash equivalents at the end of the year Change in cash and equivalents in the reporting period |
2021 £ 140,323 (5,975) (5,975) 134,348 78,331 212,679 |
2020 £ 15,680 |
|---|---|---|
| (16,722) | ||
| (16,722) | ||
| (1,042) 79,373 |
||
| 78,331 |
An Analysis of Changes in Net Debt has not been presented because the charity does not have any borrowings.
| Note A: Reconciliation of net income/(expenditure) to net cash flow | from operating activities | from operating activities |
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Net income/(expenditure) for the reporting period (as per the | ||
| statement of financial activities) | 115,558 | 6,950 |
| Adjustments for: | ||
| Depreciation charges and provisions for impairment | 23,579 | 18,922 |
| (Increase)/decrease in stocks | (80) | (656) |
| (Increase)/decrease in debtors | 5,599 | (4,998) |
| Increase/(decrease) in creditors | (4,333) | (4,538) |
| Net cash provided by (used in) operating activities | 140,323 | 15,680 |
| Note B: Analysis of cash and cash equivalents | ||
| 2021 | 2020 | |
| £ | £ | |
| Cash at bank with immediate access | 212,655 | 78,329 |
| Petty cash | 24 | 2 |
| Total cash and cash equivalents | 212,679 | 78,331 |
Page 8
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
1 Statutory Information
Until 6 March 2020 the charity was a charitable company limited by guarantee incorporated in the United Kingdom (company registration number 03319200). On 6 March 2020 the charitable company converted to a charitable incorporated organisation. On conversion the charity adopted a Constitution, which is the charity's new governing document. The charity's registered number and principal office address can be found on the Charity Information page.
2 Accounting Policies
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.
The principles adopted in the preparation of the financial statements are set out below.
a) Going concern
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered how COVID-19 might affect the charity's forecasts.
b) Income
Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations and legacies includes:
-
i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
-
ii) Donated goods. Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). When donated goods are distributed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock.
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.
The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity.
c) Expenditure
Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.
The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.
Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.
Page 9
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
2 Accounting Policies continuing
c) Expenditure continued
The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the church is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.
d) Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
e) Tangible fixed assets
Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. The following rates of depreciation are charged:
Leasehold improvements Equipment
Over the lease term or, if shorter, expected useful life generally 50% on cost in first year then 25% on cost in second and third years; if more enduring, straight-line over 5 years
The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.
f) Stocks:
Stocks of donated items held for distribution to beneficiaries are measured at fair value.
g) Leased assets
Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use).
Receipts of lease incentives are spread on a straight-line basis over the term of the lease; at the balance sheet date the amount of the incentive to be allocated to future accounting periods is carried forward as deferred income.
h) Pension scheme arrangements
The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.
i) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
j) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).
k) Critical accounting estimates and areas of judgement
The trustees do not consider that there any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
3 Donations and legacies
| ations and legacies | ||||
|---|---|---|---|---|
| Regular income from donors Irregular income from donors Gift aid tax refunds Clothing and equipment donated for distribution Government grants: Job retention scheme grants Business rates grant |
Unrestricted Funds £ 397,243 71,995 96,584 - 2,706 10,000 578,528 |
Restricted Funds £ - 46,854 6,817 5,304 - - 58,975 |
Total 2021 £ 397,243 118,849 103,401 5,304 2,706 10,000 637,503 |
Total 2020 £ 373,081 89,853 90,964 11,342 - - |
| 565,240 |
Page 10
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
4 Income from charitable activities
| me from charitable activities | ||||
|---|---|---|---|---|
| Conferences, events and mission trips Community outreach programs Letting of facilities |
Unrestricted Funds £ - 120 3,536 3,656 |
Restricted Funds £ - - - - |
Total 2021 £ - 120 3,536 3,656 |
Total 2020 £ 17,998 2,587 13,351 |
| 33,936 |
5 Charitable expenditure
| a Costs incurred directly on specific activities Church ministry Training including attending conferences Leadership and ministry development Community outreach Operating costs for Dolphin Centre Other outreach projects Newcomers and pastoral care Connect groups Worship Prayer Youth group and events Staff costs Gross salaries Employer's national insurance contributions Employer's pension contributions Manse costs Travel and subsistence Staff insurance schemes Staff training and study Other volunteer and staff costs Mission Overseas mission Expenses in respect of grant from Vineyard UK Grants payable Donated goods distributed Sunday services Hall hire Equipment Coffee and catering Teams and service materials Welcome b Costs incurred on support & administration Establishment costs Rent and rates Depreciation Property maintenance Equipment expenses Professional fees Office supplies Cleaning, communications and utilities Insurance Marketing IT, software and website expenses Governance costs Independent examiner's fee for preparing and examining the accounts Legal and professional fees Total expenditure |
Unrestricted Funds £ 372 6,896 26,390 4,526 1,595 - 510 111 6,085 197,939 13,237 14,897 30,417 376 5,280 4,190 4,705 - - 53,023 - 4,139 3,505 200 1,826 150 380,369 44,312 23,579 1,681 2,718 4,960 2,686 8,831 5,110 1,223 18,243 3,900 864 118,107 498,476 |
Restricted Funds £ - - - - - - - - - - - - - - - - - - - 21,901 5,224 - - - - - 27,125 - - - - - - - - - - - - - 27,125 |
Total 2021 £ 372 6,896 26,390 4,526 1,595 - 510 111 6,085 197,939 13,237 14,897 30,417 376 5,280 4,190 4,705 - - 74,924 5,224 4,139 3,505 200 1,826 150 407,494 44,312 23,579 1,681 2,718 4,960 2,686 8,831 5,110 1,223 18,243 3,900 864 118,107 525,601 |
Total 2020 £ 6,043 7,842 32,592 9,173 1,553 2,408 1,239 583 14,168 177,802 12,965 14,426 29,359 3,308 5,269 7,285 2,769 13,375 8,367 71,176 10,686 24,561 13,280 3,817 4,094 1,321 |
|---|---|---|---|---|
| 479,461 | ||||
| 44,943 18,922 4,620 4,519 7,518 3,118 7,926 4,665 2,305 9,548 4,200 - |
||||
| 112,284 | ||||
| 591,745 |
In addition to the fees payable for the preparation and examination of the accounts, the charity paid £1,134 (2020: £1,113) to Stewardship for payroll bureau and consultancy services.
Page 11
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
5c Grants payable
| UK and overseas mission Community projects Relief of poverty and hardship Other purposes The comparatives for the previous year are as follows: UK and overseas mission Community projects Relief of poverty and hardship Other purposes The charity's principal grants to institutions comprised: Vineyard Churches (UK): support their general work Vineyard Churches (UK): to support their work with young people Aslan Project Sutton Schoolswork Sutton Community Works Sutton Parents Forum The Women's Centre Home for Good Separate Star Grants to institutions for less than £1,000 each |
Institutions £ 65,602 9,200 - 72 74,874 Institutions £ 58,558 4,475 - - 63,033 |
Individuals £ - - 50 - 50 Individuals £ 1,825 - 6,153 165 1,990 2021 £ 28,200 - 35,452 1,500 2,500 - 4,000 1,200 1,350 672 74,874 |
2021 £ 65,602 9,200 50 72 |
|---|---|---|---|
| 74,924 | |||
| 2020 £ 60,383 4,475 6,153 165 |
|||
| 71,176 | |||
| 2020 £ 24,165 12,379 20,895 1,500 1,325 1,000 - 400 - 1,369 |
|||
| 63,033 |
6 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses
| Gross wages and salaries Social security Pension costs Other employment benefits |
2021 £ 197,939 13,237 14,897 5,280 231,353 |
2020 £ 177,802 12,965 14,426 5,269 |
|---|---|---|
| 210,462 |
The average monthly number of employees during the year was 9.25 (2020: 8.4). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
The charity's key management comprise the trustees and the key staff named on the Charity Information page. During the year key management received employment benefits totalling £170,374 (2020: £167,276).
In addition the charity incurred expenditure totalling £30,417 (2020: £29,359) in respect of the customary provision of accommodation to Jason and Beverley Clark, who are the church's senior leaders and members of key management, so that they could better perform their duties.
No trustees received employment benefits in either the current or preceding year.
Page 12
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
7 Tangible fixed assets
| Leasehold Computer Improvements Equipment £ £ Cost At 1 March 2020 69,000 6,693 Additions - 5,975 At 28 February 2021 69,000 12,668 Accumulated depreciation At 1 March 2020 30,188 6,693 Charge for the year 17,250 2,985 At 28 February 2021 47,438 9,678 Net book value At 28 February 2021 21,562 2,990 At 29 February 2020 38,812 - 8 Stock Donated goods held for distribution to beneficiaries 9 Debtors Tax recoverable Other debtors Prepayments and accrued income 10 Cash at Bank and in Hand Cash at bank with immediate access Petty cash 11 Creditors: liabilities falling due within one year Accruals Deferred income 12 Deferred income Within one year After one year Deferred income comprises the following: Amount released to income Balance at the end of the reporting period The income deferred at the period end will be released to income over the following periods: In respect of rent free period Balance at the beginning of the reporting period |
Other Equipment £ 22,774 - 22,774 7,724 3,344 11,068 11,706 15,050 2021 £ 2,512 2021 £ 6,447 2,693 - 9,140 2021 £ 212,655 24 212,679 2021 £ 4,290 9,938 14,228 2021 £ 13,688 (3,750) 9,938 3,750 6,188 9,938 |
Total 2021 £ 98,467 5,975 |
|---|---|---|
| 104,442 | ||
| 44,605 23,579 |
||
| 68,184 | ||
| 36,258 | ||
| 53,862 | ||
| 2020 £ 2,432 |
||
| 2020 £ 9,042 3,717 1,980 |
||
| 14,739 | ||
| 2020 £ 78,329 2 |
||
| 78,331 | ||
| 2020 £ 4,873 13,688 |
||
| 18,561 | ||
| 2020 £ 17,438 (3,750) |
||
| 13,688 | ||
| 3,750 6,188 |
||
| 13,688 |
Deferred income arises from rent free periods granted in respect of the charity's lease for Stayton House. For accounting purposes the benefit of the rent free period is spread over the term of the lease; this liability does not represent an amount due to a third party.
Page 13
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
13 Pension commitments
During the year employer’s pension contributions totalling £14,897 (2020: £14,426) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2020: £nil).
14 Funds
During the year the movements in the charity's funds were as follows:
| Restricted Funds VCUKI: London and regions Clothing and equipment Aslan project Lighthouse Associate pastor Community Youth work Unrestricted funds Designated funds: Youth work General funds Aggregate of funds |
Opening balance 2021 £ - 2,432 500 - 6,250 - 1,000 10,182 - 120,621 130,803 |
Incoming resources 2021 £ 1,128 5,304 19,853 1,250 28,829 1,611 1,000 58,975 12,500 569,684 641,159 |
Outgoing resources 2021 £ - (5,224) (20,353) - - (1,548) - (27,125) - (498,476) (525,601) |
Transfers in the year 2021 £ - - - - - - - - - - - |
Closing balance 2021 £ 1,128 2,512 - 1,250 35,079 63 2,000 |
|---|---|---|---|---|---|
| 42,032 12,500 191,829 |
|||||
| 246,361 |
Analysis of net assets by fund
The assets and liabilities of the various funds were as follows:
| Fixed assets Stock Debtors Cash at bank and in hand Current liabilities |
General Designated £ £ 36,258 - - - 9,140 - 160,659 12,500 (14,228) - 191,829 12,500 Unrestricted funds |
Restricted funds £ - 2,512 - 39,520 - 42,032 |
2021 £ 36,258 2,512 9,140 212,679 (14,228) |
|---|---|---|---|
| 246,361 |
In the previous year the movements in the charity's funds were as follows:
| Restricted Funds Children and families pastor VCUKI: London and regions VCUKI: Dreaming the impossible Clothing and equipment Dolphin centre Aslan project Aslan missionaries Mission trips Lighthouse Associate pastor Sunday services relocation Benevolence Sabbatical Youth work Equipment Unrestricted Funds Aggregate of funds |
Opening balance 2020 £ 3,743 3,692 - 1,776 - - 688 - 1,760 - - - - - - 11,659 112,194 123,853 |
Incoming resources 2020 £ - 8,175 7,560 11,342 10,000 8,783 447 12,780 - 6,250 17,814 6,153 375 1,000 2,500 93,179 505,997 599,176 |
Outgoing resources 2020 £ (3,743) (11,867) (7,560) (10,686) (10,000) (8,283) (1,135) (12,780) (1,760) - (1,092) (6,153) (375) - (2,500) (77,934) (514,292) (592,226) |
Transfers in the year 2020 £ - - - - - - - - - - (16,722) - - - - (16,722) 16,722 - |
Closing balance 2020 £ - - - 2,432 - 500 - - - 6,250 - - - 1,000 - |
|---|---|---|---|---|---|
| 10,182 120,621 |
|||||
| 130,803 |
Page 14
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
14 Funds continued
In the previous year the charity used donations to the Sunday services relocation fund to purchase equipment totalling £16,722, which was capitalised. The expenditure satisfied the restriction on the income and £16,722 was transferred from the Sunday services relocation fund to Unrestricted funds.
Analysis of net assets by fund
In the previous year the assets and liabilities of the various funds were as follows:
| ysis of net assets by fund e previous year the assets and liabilities of the various funds were as |
follows: | ||
|---|---|---|---|
| Fixed assets Stock Debtors Cash at bank and in hand Current liabilities |
General Designated £ £ 53,862 - - - 13,489 - 71,831 - (18,561) - 120,621 - Unrestricted funds |
Restricted funds £ - 2,432 1,250 6,500 - 10,182 |
2020 £ 53,862 2,432 14,739 78,331 (18,561) |
| 130,803 |
The designated youth work fund has been created from a donation that came with a preference that did not amount to a restriction; this fund will be used to help further the charity's ministry amongst teenagers.
The restricted funds referred to above have the following purposes:
-
a) Children and families pastor - to help meet the payroll costs of an employee recruited to this position.
-
b) Aslan project – to support a youth sports mission in South Africa that helps young people through training programmes.
-
c) Aslan missionaries - to provide support to individuals serving as missionaries with the Aslan Project.
-
d) VCUKI: London and regions - was created from grants received to support the church's wider work in the London region.
-
e) VCUKI: Dreaming the impossible - was created from donations received to help fund the national work of the Vineyard Church with young people.
-
f) Dolphin centre - to fund the refurbishment and running costs of the Dolphin Centre, which is being used for community outreach projects and for church ministry.
-
g) Clothing and equipment - represents gifts of children's clothing and equipment for onward distribution to the local community.
-
h) Mission trips - to fund mission trips. This year the mission trip was to South Africa.
-
i) Lighthouse - to support a ministry that provides children's clothing and equipment to the local community.
-
j) Associate pastor - was created from donations received to help employ a new associate pastor.
-
k) Sunday services - was created from donations received to help pay for new equipment for use in Sunday meetings.
-
l) Benevolence - was created from donations received to help individuals facing hardship.
-
m) Sabbatical - was created from donations received to help meet the cost of a sabbatical taken by the church's leaders.
-
n) Youth work - was created from donations received to help fund the church's work with young people.
-
o) Equipment - was created from donations received to help fund the purchase of media equipment.
-
p) Community - was created from donations received to, primarily, help support a local women's centre.
15 Operating lease commitments
The charity has leases for three properties namely 93 Stayton Road, the Dolphin Centre and a manse. The minimum amounts payable (until the next break clause and ignoring the potential effect of future rent reviews) in respect of these leases is as follows:
| Within one year Between one and five years Payments falling due: |
2021 £ 61,050 62,513 123,563 |
2020 £ 63,125 126,938 |
|---|---|---|
| 190,063 |
During the year the charity was charged £86,514 (2020: £85,647) for its leases.
Page 15
SUTTON VINEYARD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
16 Transactions with related parties
During the year the charity:
-
a) received donations totalling £45,907 (2020: £40,075) from related parties (which includes trustees, key management and anyone closely connected to them).
-
b) Jason and Beverley Clark (who are the church's senior leaders and members of key management) received rent of £25,464 (2020: £24,972) from the charity for a property owned and occupied by those individuals.
No expenses (2020: £nil) were paid to, or for, the trustees (except for the reimbursement of expenses incurred when acting as agent for the charity).
Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.
Page 16
SUTTON VINEYARD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES
FOR THE YEAR ENDED 28 FEBRUARY 2021
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Other trading activities Total income and endowments EXPENDITURE ON: Charitable activities: 5 Raising funds Total Expenditure Net income/(expenditure) Transfers between funds 14 Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 14 |
General 2021 £ 566,028 3,656 - 569,684 498,476 - 498,476 71,208 - 71,208 120,621 191,829 Unrestric |
Unrestric | Designated 2021 £ 12,500 - - 12,500 - - - 12,500 - 12,500 - 12,500 ted funds |
Restricted Funds 2021 £ 58,975 - - 58,975 27,125 - 27,125 31,850 - 31,850 10,182 42,032 |
Total Funds 2021 £ 637,503 3,656 - 641,159 525,601 - 525,601 115,558 - 115,558 130,803 246,361 |
General 2020 £ 484,841 21,156 - 505,997 514,292 - 514,292 (8,295) 16,722 8,427 112,194 120,621 Unrestric |
Unrestric | Designated 2020 £ - - - - - - - - - - - - ted funds |
Restricted Funds 2020 £ 80,399 12,780 - 93,179 77,453 481 77,934 15,245 (16,722) (1,477) 11,659 10,182 |
Total Funds 2020 £ 565,240 33,936 - 599,176 591,745 481 592,226 6,950 - 6,950 123,853 130,803 |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Page 17