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← London Life Vineyard Church Limited

2025-03-31-accounts

London Life Vineyard Church Limited

Report and Accounts Year ended 31 March 2025

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

LONDON LIFE VINEYARD CHURCH LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Leonette Annan (resigned 12 February 2025) Nicholas Griffin (resigned 16 July 2025) Rhea Martins (resigned 10 November 2025) Rosalyn Tweed (appointed 12 February 2025) Lloyd Kelly (appointed 12 February 2025) Kim Bettina Rawe (appointed 16 July 2025) Timothy Stewart Rawe (appointed 16 July 2025)

Governing Document

Memorandum and Articles of Association dated 2nd July 1997, amended 6th May 2003.

Company Registration Number 03396157 Charity Registration Number 1063610 Registered Office 67 Broadwater Road London N17 6EP

Independent Examiner

Bankers

Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB Barclays Bank plc

Contents Page
Company Information 1
Trustees' Annual Report 2-3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7-12
Detailed Statement of Financial Activities with Comparatives 13

Page 1

LONDON LIFE VINEYARD CHURCH LIMITED

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is constituted as a company limited by guarantee, and is therefore governed by a Memorandum and Articles of Association. The principle activities of the company are the furtherance of education, the advancement of the Christian faith and the relief of those in need. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Summary of the charity's main activities and achievements

This year we have been focused on these areas:

We have continued to have put on events to which we have invited the local community and which have been well attended. For example, a repeat of Christmas carols at the Great Northern Railway Tavern and the joint family Christmas event with Union Church.

Our midweek groups have continued helping to support members to live out their faith day to day.

We have continued developing our youth group and younger kids' church, and have taken the respective leaders to Vineyard training events.

We have continued to grow our community with new people getting involved on a regular basis.

We have continued to add new leaders to our leadership team and gather together on a bi-monthly basis to share the leadership of the church and support each other in the areas we lead.

We have changed two trustee posts within the year – Lloyd Kelly and Rosalyn Tweed have joined, and Leonette Annan has resigned.

Structure, Governance and Management

Responsibility for setting policy and for making operating decisions rests with the trustees who meet regularly to monitor the activities of the charity. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Financial review

During the year income increased by £6,925, to £44,081, and expenditure increased by £19,774, to £50,669. As a result there is a £6,588 decicit for the year and the charity's net assets decreased by the same amount, to £11,349.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted net current assets which equates to about 3 to 6 months of unrestricted expenditure so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash at the bank of £12,559 and the charity is only slight short of complying with its reserves policy.

Page 2

LONDON LIFE VINEYARD CHURCH LIMITED

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Future developments

Areas of focus during 2025 / 26 will be continuing to make the most of our new premises and developing our relationship with Union Church. A particular focus will be on our youth and children and we continue to help develop and empower more leaders. It continues to be important to us to support vulnerable people relationally, practically and financially in these economically challenging times.

We also want to find ways that we can help individuals to flourish in their day to day lives and share their faith, to develop an effective network of prayer groups and also support those who are working into the local community.

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company 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 charitable company 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:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. 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 charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

RTweed

_______ RTweed (Dec 27, 2025 10:52:34 GMT) Rosalyn Tweed Dec 27, 2025 Date: _______

Page 3

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

LONDON LIFE VINEYARD CHURCH LIMITED

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025 on pages 6 to 13 following, which have been prepared on the basis of the accounting policies set out on pages 7 to 8.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited 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 under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Archie McDowall

Archie McDowall (Feb 24, 2026 16:03:15 GMT)

Archie McDowall BA CA Institute of Chartered Accountants of Scotland Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Feb 24, 2026

Page 4

LONDON LIFE VINEYARD CHURCH LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Investments
4
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
44,046
35
44,081
50,669
50,669
(6,588)
-
(6,588)
(6,588)
17,937
11,349		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2025
£
44,046
35
44,081
50,669
50,669
(6,588)
-
(6,588)
(6,588)
17,937
11,349		 Total
Funds
2024
£
37,120
35
37,156
30,895
30,895
6,261
-
6,261
6,261
11,676
17,937

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 7-13 form part of these accounts.

Page 5

LONDON LIFE VINEYARD CHURCH LIMITED

BALANCE SHEET

AS AT 31 MARCH 2025

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
-
-
0
14,453
14,453
(3,104)
11,349
11,349
11,349
10,099
11,349
-
11,349		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
Funds
2025
£
-
-
0
14,453
14,453
(3,104)
11,349
11,349
11,349
10,099
11,349
-
11,349		 Total
Funds
2024
£
-
-
12,050
6,907
18,957
(1,020)
17,937
17,937
17,937
17,937
17,937
-
17,937

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

RTweed RTweed (Dec 27, 2025 10:52:34 GMT) Rosalyn Tweed

Dec 27, 2025 Date: _______

Company number: 03396157

Charity number: 1063610

The notes on page 7-13 form part of these accounts.

Page 6

LONDON LIFE VINEYARD CHURCH LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company 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"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) 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.

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 includes:

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.

When donated goods, services and facilities are distributed or consumed, 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; donated fixed assets are capitalised.

c) Expenditure

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.

The cost of raising funds is not significant and has not been separately disclosed.

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.

d) Fund accounting

Page 7

LONDON LIFE VINEYARD CHURCH LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

f) 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 £400 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment

Over 3 to 7 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.

j) 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.

k) 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.

l) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

m) Foreign currency translation

These financial statements are presented in sterling, which is the charity's functional currency.

iii) Non-monetary assets are measured at historic cost at the rate of exchange prevailing on the date of the transaction and are not subsequently re-translated.

All differences arising from the application of the above policy are charged (or credited) to the Statement of Financial Activities.

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

o) Critical accounting estimates and areas of judgement The trustees do not consider that there are 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

ations
Donations of cash and similar
Income tax recoverable
stment income
Bank interest		 2025
£
35,573
8,473
44,046
2025
£
35
35		 2024
£
30,550
6,570
37,120
2024
£
35
35

4 Investment income

Page 8

LONDON LIFE VINEYARD CHURCH LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

5 Charitable expenditure

5
Charitable expenditure
a
Costs incurred directly on specific activities
Salaries, travel and expenses
Telephone and utilities
Ministry and outreach
Advertising and promotion
Venue hire
Miscellaneous expenses
Grants payable (note 8c)
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Other
IT and Office expenses
Subscriptions and professional fees
Bank charges
Depreciation of tangible fixed assets
Insurance
Total expenditure		 2025
£
17,527
859
10,361
3,478
3,945
663
36,832
6,160
42,992
1,080
-
1,080
2,758
1,423
-
-
2,416
7,677
50,669		 2024
£
13,671
372
1,140
1,764
4,091
776
21,813
2,820
24,633
1,020
-
1,020
3,383
1,277
99
-
483
6,261
30,895

The fee payable to the independent examiner for preparing and examining the accounts was £1,080 (2024: £1,020).

c Grants payable

Grants for UK and overseas mission
Grants for the relief of poverty
The comparatives for the previous year are as follows:
Grants for UK and overseas mission
The charity's principal grants to institutions comprised:
Vineyard Churches UK & Ireland		 Institutions
£
1,710
1,710
Institutions
£
1,820
1,820		 Individuals
£
1,450
3,000
4,450
Individuals
£
1,000
1,000
2025
£
1,820
1,710		 2025
£
3,160
3,000
6,160
2024
£
2,820
2,820
2024
£
1,820
1,820

Page 9

LONDON LIFE VINEYARD CHURCH LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

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 Company Information page. Total employment benefits payable to key management for the year were as follows:

Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Nicholas Griffin
10,074
-
-		 2025
£
10,074
10,074

The following amounts were payable in the previous year:

following amounts were payable in the previous year:
Other
Employer
Wages &
employment
pension
salaries
benefits
contributions
Trustees:
Nicholas Griffin
8,440
-
-		 2024
£
8,440
8,440

Nicholas Griffin served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

No other trustees received employment benefits in either the current or preceding year.

7 Tangible fixed assets

Tangible fixed assets
Cost
At 1 April 2024
Additions
Disposals
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year
Eliminated on disposal
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Debtors
Falling due within one year:
Tax recoverable
Other debtors		 Fixtures,
fittings and
equipment
£
431
-
-
431
431
-
-
431
-
-
2025
£
-
-
0		 Total
2025
£
431
-
-
431
431
-
-
431
-
-
2024
£
9,050
3,000
12,050

8 Debtors

Page 10

LONDON LIFE VINEYARD CHURCH LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

9 Cash at Bank and in Hand

h at Bank and in Hand
Cash at bank with immediate access
itors: liabilities falling due within one year
Trade creditors
Accruals		 2025
£
14,453
14,453
2025
£
1,082
2,022
3,104		 2024
£
6,907
6,907
2024
£
-
1,020
1,020

10 Creditors: liabilities falling due within one year

11 Pension commitments

During the year employer’s pension contributions totalling £0 (2023: £0) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2023: £nil).

12 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Compassion Fund
Total Designated Funds
General Unrestricted Funds
Total Unrestricted Funds
Total Restricted Funds
Aggregate of funds		 Opening
balance
2025
£
-
-
17,937
17,937
-
17,937		 Incoming
resources
2025
£
2,250
2,250
41,831
44,081
-
44,081		 Outgoing
resources
2025
£
(1,000)
(1,000)
(49,669)
(50,669)
-
(50,669)		 Transfers
in the year
2025
£
-
-
-
-
-
-		 Gains and
losses
2025
£
0
-
-
-
-
-		 Closing
balance
2025
£
1,250
1,250
10,099
11,349
-
11,349

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
-
0
-
13,203
1,250
(3,104)
-
10,099
1,250
Unrestricted Funds		 Restricted
funds
£
-
-
-
-
-		 2025
£
-
0
14,453
(3,104)
General
funds
£
-
0
13,203
(3,104)
10,099
11,349

Page 11

LONDON LIFE VINEYARD CHURCH LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

In the previous year the movements in the charity's funds were as follows:

General Unrestricted Funds
Total Unrestricted Funds
Total Restricted Funds
Aggregate of funds		 Opening
balance
2024
£
11,676
11,676
-
11,676		 Incoming
resources
2024
£
37,156
37,156
-
37,156		 Outgoing
resources
2024
£
(30,895)
(30,895)
-
(30,895)		 Transfers
in the year
2024
£
-
-
-
-		 Gains and
losses
2024
£
-
-
-		 Closing
balance
2024
£
17,937
17,937
-
17,937

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
12,050
-
6,907
-
(1,020)
-
17,937
-
Unrestricted Funds		 Restricted
funds
£
-
-
-
-		 2024
£
-
12,050
6,907
(1,020)
General
funds
£
-
12,050
6,907
(1,020)
17,937
17,937

The Compassion Fund represents funds set aside by the trustees for hardship gifts.

13 Transactions with related parties

During the year the charity:

a) received donations totalling £21,904 (2024: £11,778) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).

14 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 12

LONDON LIFE VINEYARD CHURCH LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Investments
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Raising funds
6
Other
Total Expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
11
Other gains/(losses)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12
Actuarial gains/(losses) on defined benefit
pension schemes		 General
Designated
2025
2025
£
£
41,796
2,250
35
41,831
2,250
49,669
1,000
-
-
49,669
1,000
-
(7,838)
1,250
-
-
(7,838)
1,250
(7,838)
1,250
17,937
-
10,099
1,250
Unrestricted funds		 Restricted
2025
£
-
-
-
-
-
-
-
-		 Total
2025
£
44,046
35
44,081
50,669
-
-
50,669
-
(6,588)
-
(6,588)
-
-
-
(6,588)
17,937
11,349		 General
Designated
2024
2024
£
£
37,120
35
37,156
-
30,895
-
-
30,895
-
-
6,261
-
-
-
6,261
-
6,261
-
11,676
-
17,937
-
Unrestricted funds		 Restricted
2024
£
-
-
-
-
-
-
-
-		 Total
2024
£
37,120
35
37,156
30,895
-
-
30,895
-
6,261
-
6,261
-
-
-
6,261
11,676
17,937

Page 13