2021-09-30-accounts

Registered Charity Number 1072012 Company Registration Number 03627757 (England &Wales)

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

CONTENTS

_______________

	Page
Legal and administrative information	1
Trustees' report	2 - 7
Independent examiner's report	8
Statement of Financial Activities	9
Balance sheet	10
Notes to the financial statements	11 - 20

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2021

___________________	___________________
Directors and Trustees	The directors of the charitable company (”the charity”) are its trustees for the purpose of
	charity law and throughout this report are collectively referred to as the trustees. The
	charitable company is managed by its trustees. The trustees serving during the year and
	since the year end were as follows:
	D N S Barnes
	J P Brown
	J O D Pearson
	R D’Souza
	S A Windsor-Richards
Secretary	S A Windsor-Richards
Senior Pastor	D S Barnes
Registered Charity number	1072012
Company number	03627757
Working name	Stevenage Vineyard
Governing document	Memorandum and Articles of Association dated 7 September 1998
Objects per governing document	I The furtherance of religious or secular public education
	II The advancement of the Christian faith including missionary activities in the United
	Kingdom and overseas and also including but not limited to the planting of new churches
	and organizations of congregations
	III The relief of the poor and needy
	IV The relief of the sick and elderly
	V Such other charitable objects and for the benefit of such other charitable bodies and
	institutions as the Committee shall in their absolute discretion see fit.
Registered office	Unit 1, The Orbital Centre, Cockerell Close, SG1 2NB.
Vineyard Centre	Unit 1, The Orbital Centre, Cockerell Close, SG1 2NB.
Independent Examiner	Mark Hjertzen, H W Associates Limited, Portmill House, Portmill Lane
	Hitchin, Herts, SG5 1DJ
Bankers	Barclays Bank Plc
	PO Box 2, 2 Town Square, Stevenage, Herts, SG1 1BB
	CAF Bank Ltd
	25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Solicitors	David Barney & Company
	Equity House, 31a Queensway, Stevenage, Herts, SG1 1DA

1

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2021

______________

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 30 September 2021.

Legal and administrative information set up on page 1 forms part of this report. The financial statements comply with the current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities.

Structure, Governance and Management

Vineyard Christian Fellowship of Stevenage is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. As set out in the Articles of Association the chairman of the trustees is the Senior Pastor. Trustees are nominated by the chairman of trustees and where possible Trustees serve for a period of three years. A board of trustees, currently comprising of 5 members, who meet three to four times a year, administers the charity. The senior pastor, manages the day-to-day operations of the charity.

Objective of Stevenage Vineyard

To establish a genuine faith in people, with a love for God and to see that faith actively demonstrated in the community.

Strategy of the Church

To create teams and leaders who pastor and lead people into a practical pursuit of our objectives.

The Vision of Stevenage Vineyard

To create a church where the presence of Jesus is experienced in words and deeds. As a faith community we reach out to the broken, the sick and the struggling members of our society with hope and actions of faith.

This can only be done: -

1. As we become a strong worshipping church

2. As we develop maturity and strength of character through the teaching and application of biblical truth

3. As each person discovers who they are in God through spiritual discipline, learning by practice

4. By creating a church full of servant-hearted people who want to impact their community through faith and actions; the sick, the lonely and struggling in our society.

5. As every member discovers the gifts and talents God has given them.

2

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_______________

Regular Activities

1. Congregational worship with a family atmosphere and personal ministry.

2. Regular training events covering discipleship/praying for the sick/life skills and other subjects.

3. Children’s expression of church in parallel with the adult version.

4. Home groups and interest groups led by fully trained and pastorally equipped leaders; usually in homes.

5. Focus groups, specific groups covering prayer, teaching, worship, music, women in ministry, young families.

6. A Debt Centre where teams of befrienders meet and provide support for those in debt living in the community.

7. Working alongside local charities and businesses in the area to specifically target and support the homeless, struggling families, the poor, the hungry, the disadvantaged.

8. Actively financing other charities and providing them with assistance where possible, e.g., in money management, prayer for the sick, food donations and befriending.

Alternative Activities

To develop and encourage relationships both in the Church and the community, regularly running a range of events such as quiz evenings, socials, walks, music events, craft evening and toddler groups etc.

Overseas Projects

Supporting charities and NGO (Non-Governmental Organisations) overseas. For over 10 years we have supported an NGO in Cambodia, called Care for Cambodia (CFC) that is similar to the aims and objectives of Stevenage Vineyard. In the past we have sent ministry teams, provided finance and practical support. Up to 7.5% of the Church’s income annually is contributed to them.

3

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_________________

Achievements and Performance during the 2020-21 Term

1. Demand and need remained high after restrictions were eased. People accessing the Foodshed were still asked to remain outside in compliance with Government guidance and while need tailed off the demand was still high. Deliveries continued for those that were asked to self-isolate. Volunteers steadied as some returned and worked alongside those that were still furloughed.

2. Preparations were made to begin Stevenage Bereavement Support Group as restrictions relating to meeting in person were preparing to lift.

3. Michelle took an extended break to review whether she had capacity to continue in her role as Foodshed Administrator. This was agreed at 6 months. In the meantime, Angela Patterson was hired on a temporary contract to cover.

4. Nicola Watson was hired in the role of Assistant Pastor responsible for children and families in a permanent position.

5. While Sunday morning services continues to be livestreamed, the offices were open in accordance with guidance allowing for up to 8 households to meet in person as a place of worship. This allowed those that were single or did not have access to community to worship with others. In conjunction with these outdoor events were held where possible allowing the community to meet as it worshipped together. This included Christmas services that were able to take place despite Tier 4 restrictions being implemented by the government. Attendance via livestream expanded the reach of the church along with a noticeable change in people accessing groups such as Alpha and Small Groups. These took place, mostly outside where possible or online.

6. Activities continued in the community. As well as Foodshed, Stevenage Money and Debt advice, packets of tea and biscuits with a letter were posted through thousands of doors to acknowledge the difficulty of the pandemic.

7. The change in services was used as an opportunity to update and replace PA equipment that was either old or out of date. Grants were also received for work in the community and to replace equipment that was used in the administration of work in compassion.

8. Income to Stevenage Vineyard has decreased slightly during the period to September 2021 mainly due to the government Covid-19 grant received in the prior year. Church costs are consistent with prior year which were reduced due to the covid restrictions. The board of trustees continues to keep the finances under review, but the finances are now in a much more sustainable position going forward then when the church first experienced transition. Giving remained steady and in some cases increased along with donations and funding for the work that was being done supporting the community during COVID. The church reserves have been growing as a result.

9. We continue where possible to finance overseas activities and local needs, this year came to £15,335 (2020:£17,404).

Covid-19

Frequent changes to services have been needed throughout the year which have required communication with service users and church attendees. Day to day procedures had to be constantly reviewed depending on the changes announced as well as planning for future changes.

In person services and compassion activities remain organized to allow for social distancing safe interaction. Stevenage Vineyard also became a designated point at which to hand out lateral flow equipment for the community. Online streaming has allowed those with disabilities and the elderly to access services that they otherwise wouldn’t have been able to participate in. However, there is clearly a desire to return to in person activities by a large section of the community that Stevenage Vineyard serve.

Plans for the future

In person services resumed at Nobel School. Attendance rose quickly as people were eager to meet together however there is still a noticeable section of the church that have yet to resume regular attendance. A suitable property continues to be searched for that would allow the church some stability and visibility and opportunities to expand the work in the town.

It is expected that there will continue to be a need for flexibility in regard to COVID, both in relation to restrictions and people’s emotional response to resuming everyday life activities.

4

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_________________

The Church has many volunteers including several who oversee various areas in the church including:

• a) Small Groups

• b) Prayer Ministry

• c) Welcoming and Refreshments

• d) Worship and Sound

The Church employs four staff: -

• a) Youth and Children.

• b) Lead Pastors incorporating Sunday morning management and public ministry and pastoral support

• c) Office Co-ordinating/admin

• d) Foodshed Co-ordinating

Intermittent meetings occur in various venues in the course of the year, to cover: -

• a) Trustees and charity management – 3 times a year.

• b) Leadership of small groups and focus groups - up to 4 times per year.

• c) Regular meetings for short-term issues and strategic topics.

• d) Worship leaders – up to 3 times a year.

Public benefit

The trustees acknowledge the requirement to demonstrate clearly that it must have charitable purposes that are for the public benefit. Details of activities for the public benefit are described in the above paragraphs. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

5

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_________________

Financial review

Reserves and Investment policies

General Fund £176,179 (2020: £158,748)

This fund is available as a resource for new community initiatives, adding staff, short term property needs and as a resource for new volunteer initiatives. Once the initiative is approved as a financial request to the Trustees, it is budgeted for and funds released from those reserves. For example extended debt relief, overseas orphanage relief and anything that amounts to the relief of the poor in the community. The fund is available for any potential project that fulfils our charitable objectives.

Ministry Fund £ Nil (2020: £Nil)

The Stevenage Vineyard actively supports other charities with similar values and goals. This fund devotes finance to projects that do not benefit the Charity financially. To that end we put aside at least 10% of our unrestricted general income to service this goal. For most years outgoings are in excess of 10%, but very occasionally it is less than 10%, which means we carry it forward as a reserve for the following financial year.

SDMA (Stevenage Debt and Money Advice) £713 (2020: £Nil)

This fund is a restricted financial reserve created from donations received to be spent on supporting those within the community living with debt.

Foodshed £19,780 (2020: £12,263)

This fund is a restricted financial reserve created from donations received to be spent on our compassion work within the community where we offer support to the homeless, struggling families, the poor, and the disadvantaged.

Pastoral Support £ Nil (2020: £Nil)

This fund is a restricted financial reserve created from donations received to be spent for a specific purpose. These donations arise from members wishing to support a certain individual or institute in the church or community and Stevenage Vineyard acts as the facilitator between donor and reciprocate. Stevenage Vineyard ensures money donated to this fund is used for the purpose it was intended for.

Property Fund £115,988 (2020:£102,856)

This fund is a restricted financial reserve devoted solely to the Charity’s future building needs. It is there primarily to fund initial deposits, to renovate buildings whether purchased or leased and on-going dilapidation, restructuring and maintenance costs. We review this fund continually in the light of local leasing or purchase property opportunities.

The trustees believe that the current reserves provide adequate contingency for the ongoing increase of spending that we anticipate in 2021-2022. This arises from maintaining salaries, staffing levels, leasing rates and on-going initiatives such as the Debt Centre.

6

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 3OSEPTEMBER 2021 Rtsk H55essmeJtt The Tru￿t£S do w bclievc th Si¢vcnag¢ Vincy4rd is subiea to any substantial risks beyth￿ the Ikabililies disclosed in the finallcial statements. It holds ernployers. liability iftsurart¢¢ and wblic indemnTty ingjrancc. A risk &ssessment policy and risk sessmeni register have be¢n prepared and are reviewed on 8 regular basis. AetouDt8Dts A resolution will be prop)sed at the AGM that Mark HjertzeTh of HW Associates Ltmited be re•apwinted as Indynd¢nt Examiner for the ensuing year. Statement of Truyttes, Re5pon8ibtlitie5 Company arnd charity ]aw requircs the IT￿tte5 to prepare fuwicÈal statements th& grve a true and fair vi¢w of th¢ state of affairs of the charity ￿ the end of the financia] year and of its Surp1￿ or deficrt for the fina￿la] year. In doing so the trustees are required io.. le£t suitable accountin8 ￿lIcIeS and then atvly them consislethtly. Obs¢rye the methods and principles in the Charitie5 SORP: make judgements aTrJ eimates that are re&8othle aThJ pnthrf. state whether applicable UK A¢¢ounting SthDdard5 have been followed. subjttt to any dep3rtutes di$clos¢d and explatned in the financial Statemen￿ and prepare the fi]wiciai st¢rnrnts ¢)n the going concern basis unkss il is to PE¢SWJK the charity will ntinue in owation. The iru5tees are re5rK>nsible for keepins propu accounting re￿rdS which disclose with re&sonable aceurdcy at any time th¢ finan¢ia] position of the ¢harity and whi¢h ¢nabl¢ them to ensure that the financi8] stat¢m¢nts ¢omply with the Companies Act 2006. Th¢ tsu$tre$ are also ￿$￿I)SIble for safegu&ding the assets of the chariry and for their proper appli¢•tion as required by ch&ity law. and hcnce for tskin8 rc&wnabFe steps for the prewtuon and d￿￿10￿ olfrnud and other irregularttie5. The above report has prepared it) xcord•)ce with the provisions app1￿cab￿ to companies enttiled io the small companitt, ¢xemption and with the Stment of Recommended Prxtice ISORPI.. Accouniing and ReiK>ning by Ch8rtties. Approved ir ￿half by.. S A Wind50T-Richard5 Secretary Director Date 24" June 20ll7

vIr4EYARD CHRISTIAN FELLOWSHIP OF ￿EVE￿AGE INDEPENDENT E￿I￿[NER's REPORT TO THE TRUSTEES ON THE UNAUI)ITED ACCOUNTS OF VINEYARD CIIRISTIAN FELLOWSHIP OF STEVENACE I report to the chayity trustecs ott my examination of the A¢¢owits of Vineyard Christian FelLowship of Stevena8e (the charity) for the year ertded 30 September 2021, wbicb ar¢ set out on pa8￿ 9 to 20. This report is made solely to th¢ eharitablc company's trusttts. as a body, Tn accordance with Chapier 3 of Part 16 of the Cornpanies Act 2{￿ and the ¢knitsble cornpany's trusttts as a body in atro¥d￿¢¢ with s¢¢tson 154 of the Charities Act 2011. My indepertdent ¢xamin¢r's Work has been UDdertaktn so I migbt s¢a¢¢ io the ¢han"¢able ¢ompaoy's tswste¢s those matter8 1 aln required to stsie to them in ao independent exatniner's rcptsrt attd for no other wrpose. To the ￿lIest extent p¢rniirtcd by law. I do not accept or asswne responsibility to anyDne other than the ¢han"thbl¢ Company, the charitabl¢ company's membcts as a iK>dy and the charit2bl¢ ¢ompanfs trustces as a body for my indepenil¢ui examiller's wo& foT thig rcport, or foT tbe opinions I have forni¢d. Respon$lbllltles and bAsts of report As the Charity's m]sttt4 of ViDeyard Chri5tiaD Fellowsbip of St¢venage (and a150 Lts directors for the purw)ses of cornpany lawl you are responsible for the preparation ofthe a¢¢ounrs in accordancc with the rquiremeDts of the Cornpallies Act 2006 (the 2(K)6 Act). Having Satisfied m)s¢lf that th¢ a¢counts of the Cb￿￿ty are Doi required to ￿ audited under Part 16 of the 2Ci16 Act and are eligibl¢ for itidependent ¢Aats)itiatiott, I re￿rt in respect ol my exaininatlOD of your c￿￿]ty'S accounts as ¢aTried out under scction 145 of the Charities Ac¢ 2011 {the 2011 Act). It) cwin8 Out my eXami[￿lOn I bav¢ followed the Directions glven by the Charity Commission under s¢¢tion 14515Xb) of th¢ 2011 Act. Indepe￿de￿I eianthier's ststement I have completed my ¢x2tninaiim I confirm that no matt¢r5 bave come to my attention Tn connection with the examin2tio 8ivitl8 cause to believe thai any tnatetial re51￿￿. a¢countin8 rccords werc Dot kept tn of the ¢haJityas requw&l by section 386 of the 2(M)6 Ac¢ or the accounts do not accord with th(￿¢ records" or thc accoullts do Dot cornply witb th¢ ¥CQUDtiDg tvquitements of section 396 of the 2(K)6 Aet other thatt ally rtquircmcnt that the acci)unts a true and fair virw w]u"th is not a ￿￿tter considcted as pan of all Mde￿dent cxaminaiion. or the accounts havc Dot be¢u prcped iti ac¢ordall¢e with the and principles of the Statement of Recommended Pr￿tice for attounting 2nd reporting by chan.ties applicable to chariiies preparing their ¥coullts in acconlallee with the Fi￿an¢121 R¢porting Standard applicable thc UK aDd Republic of treland (FRS 1021. I have no ¢ortcwns and have ¢om¢ across no oth¢r mattu5 in connection with the exaTninatioD ts) wbich attention should be drawD in this report in order to enable aproperwiderst2Dding of the aCcou￿ts to be rvdched. Mark HJertttn BA FCA H W Assodate5 LitTrlted Chrtered Accoutttxnts June 2022 Portmill House Poruniu Lane Hitchin Hetts SGS IDJ

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

________________

		Unrestricted	Designated Ministry	Restricted	Total	Total
		Funds	Fund	Funds	2021	2020
	Notes	£	£	£	£	£
						Note 20
Income from:
Donations	2	145,602	-	26,939	172,541	173,313
Use of facilities		-	-	-		-
Fundraising events	2	-	-	-		-
Grants		-	-	6,750	6,750	16,500
Other Income	2	405	-	-	405	-
Investment income
– interest receivable	2	63	-	-	63	177
		──────	──────	─────	─────	─────
Total		146,070	-	33,689	179,759	189,990
		──────	──────	─────	─────	─────
Expenditure on:
Staff costs and expenses	3	67,214	-	5,965	73,179	65,766
Premises costs	4	32,132	-	4,103	36,235	35,971
Other worship and outreach costs	5	5,305	-	1,803	7,108	7,521
Christians Against Poverty support	6	-	-	-	-	2,274
Stevenage Money & Debt Advice	6	514	533	-	1,047	761
Donations outside the church	7	-	14,802	-	14,802	18,404
Administration	8	7,221	-	456	7,677	7,435
Governance costs	9	918	-	-	918	957
		──────	──────	──────	─────	─────
Total		113,304	15,335	12,327	140,966	139,089
		──────	──────	──────	─────	─────
Net income/(expenditure)	10	32.766	(15,335)	21,362	38,793	50,901
Transfers between funds		(15,335)	15,335	-	-	-
		───────	───────	──────	─────	─────
Net movement in funds		17,431	-	21,362	38,793	50,901
Total funds brought forward		158,748	-	115,119	273,867	222,966
		───────	───────	──────	──────	──────
Total funds carried forward		176,179	-	136,481	312,660	273,867
		═══════	═══════	══════	══════	══════

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

All income and expenditure derive from ongoing activities.

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VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE BALANCE SHEET ASA T30SEPTEMBER 2021 21121 2020 Notes FIXED ASSETS Intan8ible ￿Sets Tangible &8sets 13 14 2￿ 7J42 5.071 7.632 5.071 CURRENT ASSETS Debiors C&sh at battk and in hand 18.777 306J(A) 36.277 235,681 325.137 271.958 CREDITORS: amounts fallitt8 due within one year 16 120,109) (3,1621 NET CURRENT ASSETS 305,028 268,796 TOTAL ASSETS LESS CURRENT LIABILJTIES 312,660 273,867 FUNDS L'nrestricted Funds Gen¢ral D¢5ignated Mini5tsy Fund 176.179 158.748 176.179 158.748 Restricted Funds 136.481 TOTAL FUNDS 17 312.660 273,867 Th¢ charitable company is entttled to the exernption from the audit rcquirement contained in section 477 of the Cotnpanies Act 2006. for the year ended 30 SepteTnkn 2021. No member of the company has d¢p)sited a n￿l¢e. pursuant io seaion 476, requiTing an audit of these 8e¢ounts. The tn]5tees acknowledge their r¢sponsibiliiie5 for ensuring that the company keeps a￿ounting records which comply with section 386 of the Aci and for prepaTing a¢<ounts which give a true and fair view of the srate of affairs of the company as * the end of the financial year and of its incoming resource5 and application of resources. including its income and expendityre. for the f￿ancial year in accordance with the requirern¢nts of sectlons 394 and 395 and which otherwise comply wÉth th¢ requirements of the Compantes A￿ 2(H)6 relating to account% so far as applicable to th¢ comydny. These accounts have b¢¢n prepared in accordan¢e with the provisions applicable to ¢ompanies subject to the srnall ¢ompanies' regime. Th¢ financial sta(ements were approved by the tru￿t¢S and authorised for issue on 24 June 2022 and are sign on its behalf b).: DNSBrnes TTUStee S A W"indwr-Rlch#r Tn￿1¢ Comp*ny Registratlon No 3627757 io

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

______________

1 Accounting policies

1.1 Company status and information

Vineyard Christian Fellowship of Stevenage is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 1, The Orbital Centre, Cockerell Close, SG1 2NB. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member.

1.2 Basis of preparation

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £.

Assets and liabilities are initially recognised at cost value unless otherwise stated in the relevant accounting policy. The charity has taken advantage of the concession available to smaller charities in the Statement of Recommended Practice which permits the analysis of incoming resources and resources expended by natural categories rather than by activity.

1.3 Going concern

The trustees are confident that the charity is able to continue to meet its liabilities as they fall due for the foreseeable future and that the accounts should be prepared on a going concern basis.

1.4 Income

Donations

Donations represent the total offerings received at worship services and church events or direct to the bank account during the year, including any associated Gift Aid reclaims.

Interest receivable

Interest receivable is included in the financial statements on an accruals basis.

Donated services and facilities

Donated services and facilities are included in the Statement of Financial Activities where the benefit is reasonably quantifiable and measurable.

Grant income

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable . A grant received before the recognition criteria are satisfied is recognised as a liability.

1.5 Expenditure

Liability recognition

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure includes any VAT which cannot be recovered.

Governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

11

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_______________

1.6 Intangible fixed assets and amortisation

Intangible fixed assets are capitalised and is being amortised over its useful life of 10 years

1.7 Tangible fixed assets and depreciation

Tangible fixed assets costing more than £150 are capitalised. Depreciation is provided at rates calculated to write off the cost of each asset, on a straight-line basis, over its expected useful life, as follows:

Church equipment

3 years

1.8 Fund Accounting

Unrestricted funds These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds These are unrestricted funds which have been earmarked by the trustees for particular purposes. It is the church’s policy and practice to set aside at least 10% of its incoming resources into a designated Ministry Fund to donate outside the church at the trustees’ discretion. Any balance carried forward on this fund represents income so earmarked which has not yet been paid out.

Restricted funds

These are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

The Property restricted fund relates to donations received towards the cost of the Charity’s future building needs. Primarily to fund initial deposits, and the costs involved in repairing and renovating buildings, whether purchased or leased. Trustees ensure that money donated is held for stated purpose.

The Foodshed restricted fund relates to donations and grants received towards the cost of providing support to the homeless, struggling families, the poor, and the disadvantaged through our compassion work within the community. Trustees ensure that money donated is used for stated purpose.

The Stevenage Money & Debt Advice (SMDA) restricted fund relates to donations received towards the cost of running the debt centre, which helps those within the community living with debt. Trustees ensure that money donated is used for stated purpose.

The Pastoral support fund relates to donations received to be spent for a specific purpose. These donations arise from members wishing to support a certain individual or institute in the church or community and Stevenage Vineyard acts as the facilitator between donor and reciprocate. Stevenage Vineyard ensures money donated to this fund is used for the purpose it was intended for.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10 Leases

Rentals payable under operating leases, including any lease incentives received, are charged to expenditure on a straight line basis.

1.11 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_______________

2	Incoming resources - Donations		2021	2020
			£	£
	Donations, gifts and offerings –	Unrestricted funds	119,699	121,405
	Donations, gifts and offerings –	Restricted Property fund	13,132	11,631
	Donations, gifts and offerings –	Restricted Foodshed fund	13,094	7,923
	Donations, gifts and offerings –	Restricted SMDA fund	713	-
	Donations, gifts and offerings –	Restricted Pastoral support fund	-	3,674
	Gift Aid reclaims		25,903	28,680
			───────	───────
			172,541	173,313
			═══════	═══════
	Other income
	Grants		6,750	16,500
	Miscellaneous receipts		405	-
	Fundraising events		-	-
	Interest receivable		63.	177
			───────	───────
			7,218	16,677
			═══════	═══════
3	Staff costs and expenses
	Salaries, including NI		69,719	62,305
	Travel, accommodation and subsistence		437	1,370
	Accountancy services		3,023	2,091
			───────	───────
			73,179	65,766
			═══════	═══════
4	Premises costs
	Building hire, rental and service charges		30,352	31,733
	Heat, light and insurance		3,963	3,276
	Other		1,920	962
			───────	───────
			36,235	35,971
			═══════	═══════
5	Other worship and outreach costs
	Membership and subscriptions		912	881
	Music equipment, books and CD’s		259	101
	Social and youth events		1,099	534
	Catering food and drink		735	1,165
	Conferences and training		-	1,455
	Other		4,103	3,385
			───────	───────
			7,108	7,521
			═══════	═══════

13

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_______________	_______________	_______________	_______________
		2021	2020
6	Christians Against Poverty support	£	£
	Partnership contribution	-	2,000
	Expenses	-	274
		───────	───────
		-	2,274
		═══════	═══════
	Stevenage Money and Debt Advice support
	Partnership contribution	533	674
	Expenses	514	87
		───────	───────
		1,047	761
		═══════	═══════
7	Donations outside the church
	Gifts/grants to institutions	14,802	17,009
	Gifts/grants to individuals	-	1,395
		───────	───────
		14,802	18,404
		═══════	═══════
8	Administration
	Telephone, email and website costs	948	1,068
	Printing, postage and stationery	1,773	1,499
	Office and computer equipment expenses and support	1,377	722
	Depreciation charges	2,629	835
	Other	950	3,311
		──────	──────
		7,677	7,435
		═══════	═══════
9	Governance Costs
	Independent examination	918	936
	Trustee meeting expenses	-	21
		───────	───────
		918	957
		═══════	═══════

14

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

________________	________________	________________	________________
_
		2021	2020
10	Net income/expenditure	£	£
	This is stated after charging:
	Depreciation	2,629	835
	Pension contributions to defined contribution schemes	1,261	1,024
	Operating lease charges	18,876	25,168
	Independent examiner’s remuneration for:
	Independent examination	918	936
	Other accountancy services	179	229
		───────	───────
		1,097	1,165
		═══════	═══════
11	Staff costs and numbers	£	£
	Gross wages and salaries	66,959	59,905
	Employer’s National Insurance Contributions	1,499	1,376
	Pension contributions	1,261	1,024
		───────	───────
		69,719	62,305
		═══════	═══════

On a monthly average basis there were 4 (2020: 4) employees during the year.

No employee had employment benefits in excess of £60,000 (2020: Nil)

The total employment benefits of the key management personnel of the charity were £55,631 (2020: £41,363)

12 Trustee remuneration and expenses

As permitted by the company’s Memorandum of Association, during the year Mr D N S Barnes received a salary in his capacity as Senior Pastor and also served as a director and trustee. His remuneration during the year ended 30 September 2021 comprised of salary £48,901 (2020: £40,339) and pension contributions of £1,261 (2020: £1,024).

During the year, Mr J P Brown a trustee received £nil (2020: £21) reimbursement for travel expenses.

No other trustee received any remuneration or reimbursed expenses.

15

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_______________

13	Intangible fixed assets
		Website
		i £
	Cost
	At 1 October 2020	-
	Additions	290
		───────
	At 30 September 2021	290
		───────
	Amortisation
	At 1 October 2020	-
	Charge for the year	-
		───────
	At 30 September 2021	-
		───────
	Net book value
	At 30 September 2021	290
		═══════
	At 30 September 2020	-
		═══════
14	Tangible fixed assets
		Church
		equipment
		£
	Cost
	At 1 October 2020	27,503
	Additions	4,900
		───────
	At 30 September 2021	32,403
		───────
	Depreciation
	At 1 October 2020	22,432
	Charge for the year	2,629
		───────
	At 30 September 2021	25,061
		───────
	Net book value
	At 30 September 2021	7,342
		═══════
	At 30 September 2020	5,071
		═══════

16

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

_______________

15	Debtors	2021	2020
		£	£
	Other debtors	15,304	33,391
	Prepayments and accrued income	3,473	2,886
		───────	───────
		18.777	36,277
		═══════	═══════
16	Creditors: amounts falling due within one year
	Other Creditors	199	-
	Accruals	19,247	3,037
	Taxation and social security	663	125
		───────	───────
		20,109	3,162
		═══════	═══════

17 Analysis of Net Assets between Funds

	Unrestricted	Designated	Restricted	2021
	fund	fund	Fund	Total
	£	£	£	£
Tangible fixed assets	7,632	-	-	7,632
Debtors	18,777	-	-	18,777
Cash at bank and in hand	169,879	-	136,481	306,360
Creditors: amounts falling due within
one year	(20,109)	-	-	(20,109)
				─────
	───────	───────	───────
	176,179	-	136,481	312,660
	═══════	═══════	═══════	══════
	Unrestricted	Designated	Restricted	2020
	fund	fund	Fund	Total
	£	£	£	£
Tangible fixed assets	5,071	-	-	5,071
Debtors	36,277	-	-	36,277
Cash at bank and in hand	120,562	-	115,119	235,681
Creditors: amounts falling due within
one year	(3,162)	-	-	(3,162)
				──────
	───────	───────	──────
	158,748	-	115,119	273,867
	═══════	═══════	═══════	══════

17

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

________________

18 Related parties

Mr D N S Barnes, was an employee of the charity and a trustee during the year. Mr J Barnes, the brother of Mr D N S Barnes was also an employee during the year.

The remuneration paid to the above related parties totalled £1,133 (2020: £NIL).

Mr D N S Barnes, a trustee is also a trustee of Care for Cambodia, a charity to which £10,000 was donated during the year (2020: £10,000).

19 Financial commitments

At 30 September 2021 the charity was committed to making the following payments under non-cancellable operating leases:

leases:
	2021	2020
	£	£
Within one year	16,779	25,168
Within one and two years	-	-
		──────
	───────
	16,779	25,168
	═══════	══════

20 Volunteers

The charity benefits from the unpaid time of around 120 volunteers who assist with its many activities. Areas of volunteer involvement include set-up and other preparations for services and events, serving of refreshments, Prayer Ministry, Worship Team, Sunday School and Youth work, Food Shed, Stevenage Money and Debt Advice centre.

18

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

____________________

21 Statement of Financial Activities

The comparative figures for the year ended 30 September 2020 are shown below:

	Unrestricted	Designated Ministry	Restricted Property	Total
	Funds	Fund	Fund	2020
	£	£	£	£
Income from:
Donations	150,085	-	23,228	173,313
Use of facilities	-	-	-	-
Fundraising events	-	-	-	-
Grants	10,000	-	6,500	16,500
Other Income	-		-	-
Investment income – interest receivable	177	-	-	177
	──────	──────	──────	──────
Total	160,262		29,728	189,990
	──────	──────	──────	──────
Expenditure on:
Staff costs and expenses	62,231	-	3,535	65,766
Premises costs	35,577	-	394	35,971
Other worship and outreach costs	6,085	-	1,436	7,521
Christians Against Poverty support	274	2,000	-	2,274
Stevenage Money & Debt Advice	87	674	-	761
Donations outside the church	-	14,730	3,674	18,404
Administration	4,029	-	3,406	7,435
Governance costs	957	-	-	957
	──────	──────	──────	──────
Total	109,240	17,404	12,445	139,089
	──────	──────	──────	──────
Net income/(expenditure)	51,022	(17,404)	17,283	50,901
Transfers between funds	(14,860)	17,404	(2,544)	-
	───────	───────	───────	──────
Net movement in funds	36,162	-	14,739	50,901
Total funds brought forward	122,586	-	100,380	222,966
		───────
	───────		──────	──────
Total funds carried forward	158,748	-	115,119	273,867
	═══════	═══════	══════	══════

19

VINEYARD CHRISTIAN FELLOWSHIP OF STEVENAGE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

__________________

22 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Balance at 1 October 2020 £ Property Fund 102,856 Foodshed Fund 12,263 Stevenage Money & Debt Advice Fund - 115,119	Movement in funds Incoming resources Resources expended £ £ 13,132 - 19,844 (12,327) 713 - 33,689 (12,327)	Transfers Balance at 30 September 2021 £ £ - 115,988 - 19,780 - 713 136,481	Transfers Balance at 30 September 2021 £ £ - 115,988 - 19,780 - 713 136,481
			136,481

Balance at 1 October 2019 £ Property Fund 94,605 Foodshed Fund 5,775 Pastoral support Fund - 100,380	Movement in funds Incoming resources Resources expended £ £ 11,631 (3,380) 14,423 (7,935) 3,674 (3,674) 29,728 (14,989)	Transfers Balance at 30 September 2020 £ £ - 102,856 - 12,263 - - 115,119	Transfers Balance at 30 September 2020 £ £ - 102,856 - 12,263 - - 115,119
			115,119

20