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2024-03-31-accounts

West Suffolk Vineyard Church Report and Accounts

year ended 31 March 2024

WEST SUFFOLK VINEYARD CHURCH

FOR THE YEAR ENDED 31 MARCH 2024

COMPANY INFORMATION

Directors/Trustees

M R Williams L A Williams A Steventon C D Walling D Willcox S R Young

Senior Pastors M R & L A Williams
Governing Document Memorandum and Articles of Association
13 September 2000 as amended October 2005
Company Registration Number 4071129
Charity Registration Number 1082858
Registered Office The Vineyard Centre
and Principal Address 28 Northern Way
Bury St Edmunds, IP32 6NL
Independent Examiner Ajay Rajani FCIE
Stewardship
1 Lambs Passage
London EC1Y 8AB
Bankers TSB Bank

Bankers

CONTENTS

Page
Company Information 0
Directors Report 1-15
Independent Examiner's Report 16
Statement of Financial Activities 17
Balance Sheet 18
Notes to the Accounts 19-31

All the church’s ministries, as described above, are designed to be of benefit to the whole community and no exceptions are made in the provision of the church’s services to members of the general public only providing that the legal obligations of the church are fully met and there is no risk of breaching either the WSVC Risk Assessment, Safeguarding and Health & Safety policies or other safety measures designed specifically to protect the congregation and those it serves from abuse or harm from groups or individuals. WSVC reserves the right to refuse admission to any of its activities those whom it deems may lead to such a breach. The assessment of whether this is the case lies with the Senior Pastors or in their absence the next most senior member of the pastoral staff.

- Statement as to disclosure of information to examiners

The trustees in their capacity as directors, state that so far as each of the directors are aware at the time this report was approved:

- Statement of trustees’ responsibilities

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:

We are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006. We also have a responsibility to safeguard the assets of the charity and to take all reasonable steps to prevent fraud or any other irregularities. The trustees also confirm that we have in the administration of the charity, paid due regard to the guidance published by the Charity Commission and in the Charities Act 2011.

This report has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies. The board approved the report on 12 December 2024.

D A Willcox

D A Willcox Director and Chair of Trustee Board

15

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

WEST SUFFOLK VINEYARD CHURCH

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024 on pages 17 to 31 following, which have been prepared on the basis of the accounting policies set out on pages 19 to 21.

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

Since the Company’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:

  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.

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London EC1Y 8AB

16 December 2024

16

WEST SUFFOLK VINEYARD CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
Donated food and ambient goods
2
Investments
Charitable activities
Total income and endowments
EXPENDITURE ON
Charitable activities
3		 General
Designated
Restricted
Total
General
Designated
Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
2024
2024
2024
2024
2023
2023
2023
2023
£
£
£
£
£
£
£
£
275,600
-
49,429
325,029
201,127
-
85,693
286,820
-
-
45,449
45,449
-
-
49,761
49,761
Unrestricted funds
Unrestricted funds
275,600
-
94,878
370,478
201,127
-
135,454
336,581
2,025
-
-
2,025
1,205
-
-
1,205
880
-
-
880
678
-
-
678
278,504
-
94,878
373,383
203,010
-
135,454
338,464
221,334
38,846
81,377
341,557
185,769
35,272
93,979
315,020
Raising funds 883
-
-
883
212
-
-
212
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Fund balances at 1 April 2023
Fund balances at 31 March 2024
222,217
38,846
81,377
342,440
185,981
35,272
93,979
315,232
56,287
(38,846)
13,501
30,942
17,029
(35,272)
41,475
23,232
(34,085)
44,493
(10,408)
-
(26,275)
41,948
(15,673)
-
22,202
5,647
3,093
30,942
(9,246)
6,676
25,802
23,232
133,906
1,283,746
91,307
1,508,959
143,152
1,277,070
65,505
1,485,727
156,109
1,289,393
94,400
1,539,902
133,906
1,283,746
91,307
1,508,959

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 19 - 31 form part of these accounts.

17

WEST SUFFOLK VINEYARD CHURCH

BALANCE SHEET AS AT 31 MARCH 2024

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stock
8
Debtors
9
Cash at bank
10
CURRENT LIABILITIES
Liabilities falling due within one year
11
Net Current Assets
Liabilities falling due after one year
12
NET ASSETS
FUND BALANCES
Unrestricted funds
14
General Funds
Designated funds
Restricted Funds
14		 Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
Funds
Funds
Funds
Funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
1,596,619
-
1,596,619
1,630,067
-
1,630,067
-
5,880
5,880
-
5,546
5,546
19,327
-
19,327
14,409
-
14,409
140,266
88,520
228,786
117,950
85,761
203,711
159,593
94,400
253,993
132,359
91,307
223,666
(49,149)
-
(49,149)
(50,206)
-
(50,206)
110,444
94,400
204,844
82,153
91,307
173,460
(261,561)
-
(261,561)
(294,568)
-
(294,568)
1,445,502
94,400
1,539,902
1,417,652
91,307
1,508,959
156,109
-
156,109
133,907
-
133,907
1,289,393
-
1,289,393
1,283,745
-
1,283,745
-
94,400
94,400
-
91,307
91,307
1,445,502
94,400
1,539,902
1,417,652
91,307
1,508,959

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 for:

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

Approved by the Directors and signed on their behalf by:

Signature: C D Walling
Date: 12 December 2024
Print name: Chris Walling
Company number: 4071129 Charity number: 1082858

The notes on pages 19 - 31 form part of these accounts.

18

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

a) Basis of Preparation

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 presentation currency used is British pound sterling and amounts are rounded to the nearest £1.

The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast doubt on the ability of the Charity to continue as a going concern. The trustees have made this assessment for the 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. After making enquiries the trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence 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.

Recoverable gift aid 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.

The charity's policy is to recognise goods donated to the charity at an estimate of their value to the charity when they are received. Good donated to the charity comprise principally of food and other items donated to the charity's Foodbank which are valued at an average price per kilogram (Kg) . Where the Foodbank receives items that a retailer will no longer sell it is treated as having no value. 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 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.

19

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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.

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.

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. 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:

Freehold Land Not depreciated Freehold Buildings Over 50 years Equipment Between 3 and 7 years

Depreciation is charged from the time when an asset is first brought properly into full use.

f) Stocks

Goods purchased for re-sale and are valued at the lower of cost and net realisable value.

Storehouse stocks of donated food and ambient goods held for distribution to beneficiaries are measured at fair value (being an estimate of the value of those goods to the charity). They are valued using an estimated average cost per Kg.

Storehouse stock of vouchers represents the face value of vouchers held at the year end; these will be distributed to beneficiaries in the new financial year.

20

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

g) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, basic financial instruments (which includes cash, debtors and creditors) are measured initially at transaction value and subsequently measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for loans at amortised cost using the effective interest method (i.e. it excludes any interest that may be charged on the loans in future years).

h) Pension costs:

The company operates a defined contribution scheme for certain employees. Pension contributions to these schemes are recognised as an expense when the liability arises.

i) Cashflow statement

The company has taken advantage of the exemption provided by the FRS 102 SORP and has not prepared a Cash Flow Statement for the year.

2 Donations and legacies

Donations and legacies
General donations
Grants received
Donated food and ambient goods
Special offerings
General donations
Grants received
Donated food and ambient goods
Special offerings
2022/23
2023/24
2024 Totals
2023 Totals		 General
Designated
Restricted
Funds
Funds
Funds
Total
£
£
£
£
275,600
-
47,516
323,116
-
-
1,000
1,000
-
-
45,449
45,449
-
-
913
913
Unrestricted funds
275,600
-
94,878
370,478
201,127
-
81,858
282,985
-
-
1,600
1,600
-
-
49,761
49,761
-
-
2,235
2,235
201,127
-
135,454
336,581

21

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

3 Expenditure on charitable activities in 2023/24

a) Direct Charitable Costs
Salaries and staff costs
Vineyard Centre(Church facility)
Events and catering
Media and materials
Conferences and training
Hospitality and minor gifts
Travel and subsistence
Motor vehicle running costs
Printing, stationery and postage
Telephone and e-mail
Equipment and repairs
Depreciation
Grants payable (note 4)
b) Support & Administration
Software and licence fees
Insurance
Bank charges
Loan interest
c) Governance costs
Independent examiner's fee
Other
Combined charitable activity cost		 General
Designated
Restricted
Total
Funds
Funds
Funds
2024
£
£
£
£
117,465
-
4,038
121,503
18,319
-
-
18,319
15,913
-
-
15,913
8,324
-
1,000
9,324
6,126
-
-
6,126
2,710
-
-
2,710
2,617
-
2,439
5,056
-
-
-
-
4,875
-
-
4,875
2,274
-
-
2,274
7,177
-
7,177
8,837
27,360
-
36,197
15,986
-
73,900
89,886
Unrestricted funds
210,623
27,360
81,377
319,360
5,912
-
-
5,912
3,078
-
-
3,078
(713)
-
-
(713)
-
11,486
-
11,486
8,276
11,486
-
19,762
2,435
-
-
2,435
-
-
-
-
2,435
-
-
2,435
221,334
38,846
81,377
341,557

22

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

3 Comparative expenditure on charitable activities in 2022/23

a) Direct Charitable Costs
Salaries and staff costs
Vineyard Centre(Church facility)
Events and catering
Media and materials
Conferences and training
Hospitality and minor gifts
Travel and subsistence
Motor vehicle running costs
Printing, stationery and postage
Telephone and e-mail
Equipment and repairs
Depreciation
Grants payable (note 4)
b) Support & Administration
Software and licence fees
Insurance
Bank charges
Loan interest
c) Governance costs
Independent examiner's fee
Other
Combined charitable activity cost		 General
Designated
Restricted
Total
Funds
Funds
Funds
2023
£
£
£
£
107,652
-
4,004
111,656
6,011
-
-
6,011
12,187
-
252
12,439
5,565
-
3,728
9,293
4,276
-
-
4,276
2,950
-
-
2,950
1,440
-
9,816
11,256
-
-
-
-
4,401
-
-
4,401
2,367
-
-
2,367
7,956
-
-
7,956
8,150
27,360
-
35,510
13,219
-
75,269
88,488
Unrestricted funds
176,174
27,360
93,069
296,603
4,730
-
40
4,770
2,754
-
-
2,754
(140)
-
-
(140)
-
7,912
-
7,912
7,344
7,912
40
15,296
2,251
-
-
2,251
-
-
870
870
2,251
-
870
3,121
185,769
35,272
93,979
315,020

23

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

4 Grants

Grants
To support church planting and mission
Vineyard Churches UK
To relief poverty and help those in need
Grants paid
Goods distributed from Storehouse		 Institutions
Individuals
2024
2023
£
£
£
£
15,986
-
15,986
13,219
2,737
4,531
7,268
7,639
-
66,632
66,632
67,630
18,723
71,163
89,886
88,488

Relief of poverty and need These are primarily gifts made as part of the 'Storehouse' ministry for the support of those in need locally. In addition to these gifts, the charity incurs expenses to run the Storehouse, which are separately disclosed in note 3.

5 Staff number & costs

number & costs
Salaries
Social security costs
Pension contributions		 2024
2023
£
£
104,174
98,417
1,538
2,008
12,644
8,713
118,356
109,138

No employee received remuneration of more than £60,000. The average monthly number of employees was 7 (2023: 7).

The employment benefits payable to key management (which comprise the trustees and Senior Pastors) are disclosed in note 6 below.

6 Transactions with related parties

M R Williams and Mrs L A Williams (who are trustees) received the following employment benefits for serving as Senior Pastors, not for serving as trustees. These payments are permitted by the charity's governing document.

governing document.
2023/24 2022/23
Pension Pension
Gross Pay Contribution Gross Pay Contribution
M R Williams 29,427 4,090 29,427 2,354
Mrs L A Williams 18,827 4,439 18,827 2,728

In addition the spouse of one trustee (C D Walling) received employment benefits totalling £12,874 (2023: £11,783) in their role as church administrator. Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses were paid to (or for) the trustees.

During the year the charity received the following donations (either directly or via other organisations) from related parties: £38,504 (2023: £39,003) in unrestricted donations.

24

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

7 Tangible fixed assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Accumulated Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 1 April 2023		 Freehold
Equipment
Property
& Fittings
Total
£
£
£
1,668,033
40,750
1,708,783
-
2,749
2,749
1,668,033
43,499
1,711,532
54,720
23,996
78,716
27,360
8,837
36,197
82,080
32,833
114,913
1,585,953
10,666
1,596,619
1,613,313
16,754
1,630,067

In May 2017 the church acquired warehouse and office premises at 28 Northern Way, Bury St Edmunds. The church has developed the warehouse area to form an auditorium, class/meeting rooms and an atrium. The re-developed property was brought fully into use by 31 March 2021 and the church started depreciating the building from 1 April 2021 in accordance with the related accounting policy.

8 Stock
Storehouse - food and ambient goods
Storehouse - Vouchers
9 Debtors and prepayments
Gift aid recoverable
Prepayments and other debtors		 2024
2023
£
£
5,600
4,801
280
745
5,880
5,546
2024
2023
£
£
14,938
10,865
4,389
3,543
19,327
14,408

25

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

10 Cash at Bank and in Hand

Cash at Bank and in Hand
Bank operating accounts
Bank deposits
Creditors: liabilities falling due within one year
Mortgage (see note 13)
Loan from former trustee(see note 13)
Sundry creditors and accruals		 2024
2023
£
£
20,631
14,526
208,155
189,187
228,786
203,713
2024
2023
£
£
15,000
15,000
20,000
20,000
14,149
15,206
49,149
50,206

11 Creditors: liabilities falling due within one year

12 Creditors: liabilities falling due after one year

Creditors: liabilities falling due after one year
Mortgage (see note 13)
Loan from former trustee (see note 13)		 2024
2023
£
£
217,500
232,500
44,061
62,068
261,561
294,568

13 Loans

The liabilities for loans referred to in notes 11 and 12 fall due for repayment as follows:

Loan from a former trustee
Within one year
Between one and five years
After five years		 2024
2023
£
£
20,000
20,000
44,061
62,068
-
-
64,061
82,068

The loan from a former trustee was received to assist with the purchase of 28 Northern Way, Bury St Edmunds. The loan is repayable in instalments agreed annually by both parties and is fully repayable by 31 March 2032. The loan is free of interest and is unsecured. The agreement does not set out the amounts payable annually and, in making the above disclosure, the charity has estimated the amounts that it expects to repay annually.

26

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

13 Loans (continued)

Loans (continued)
Mortgage, which is repayable by instalments
Within one year
Between one and five years
After five years		 2024
2023
£
£
15,000
15,000
60,000
60,000
157,500
172,500
232,500
247,500

The mortgage is secured on the charity's freehold property and is repayable in instalments by 31 March 2039. At the present time the rate of interest is 5.65% p.a.

14 Funds

Restricted Funds

The Building fund was established by donations received to help purchase and redevelop a main venue for the Church's activities. This projected was completed in 2021 and, as this satisfied the restriction placed on the income received by the Building fund, in 2021 most of the balance of the fund was transferred to a new designated building investment fund. Some of the income received by the restricted Building fund was for specific projects that hadn't been completed by the year end and so there is a small carried forward balance on the restricted Building fund.

The Ipswich fund was created mainly from donations received from Ipswich Vineyard Church when it closed. In line with the wishes of the donor, the income will be held in a restricted fund for a two year period to help support the possible re-opening of a church in Ipswich. if, at the end of the two year period, it has not proved possible to re-establish a church in Ipswich then any remaining balance on this fund can be transferred to general funds.

The Peru fund was created from donations received to help support outreach in this nation.

The Storehouse fund comprises a number of individual funds created from donations and grants received to help support the charity's Storehouse foodbank and related ministries. These comprise:

The Special collections fund was created by donations given in response to appeals for specific causes.

27

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

Designated funds (continued)

The Building investment fund was created by the trustees to hold the church's net investment in the church's building on Northern Way, Bury St Edmunds. A transfer has been made to the fund so that the closing balance on the fund is represented by the carrying value of the property less the outstanding balance of the loans received to help finance the purchase and redevelopment of the building.

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

Restricted Funds
Peru
Building
Equipment
Ipswich
Storehouse
-
Town Council grant
-
Communities grant
-
Other grant - vouchers
-
Donated goods
-
Gifts for food
-
Gifts for vehicle
-
Christmas gifts
-
Other gifts
Special collections
Designated Funds
General Funds
General fund
Contingency fund
TOTAL FUNDS
Buildings investment fund		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
2023
2024
2024
2024
2024
£
£
£
£
£
863
4,788
(2,439)
2,756
5,968
9,219
22,509
-
(22,508)
9,220
-
-
-
-
-
31,166
-
-
(1,680)
29,486
-
-
-
-
-
-
1,000
(1,000)
-
-
745
-
(465)
-
280
4,800
45,449
(44,649)
-
5,600
29,392
11,370
(24,597)
-
16,165
6,897
-
-
-
6,897
583
967
(959)
-
591
5,729
7,882
(4,531)
11,024
20,104
1,913
913
(2,737)
-
89
91,307
94,878
(81,377)
(10,408)
94,400
1,283,745
-
(38,846)
44,493
1,289,393
1,283,745
-
(38,846)
44,493
1,289,393
58,907
278,504
(222,217)
(34,085)
81,109
75,000
-
-
-
75,000
133,907
278,504
(222,217)
(34,085)
156,109
1,508,959
373,383
(342,440)
-
1,539,902

28

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

14 Funds continued

During the year the charity:

Where necessary, all transfers from restricted funds to designated funds were agreed with the appropriate donors.

At the end of the year the assets and liabilities of the At the end of the year the assets and liabilities of the various funds were as follows:
Fixed Bank & cash Stock and Total
assets balances Debtors Creditors 2024
£ £ £ £ £
Restricted Funds
Peru fund - 5,968 - - 5,968
Building fund - 9,220 - - 9,220
Ipswich fund - 29,486 - - 29,486
Storehouse - 43,757 5,880 - 49,637
Special collections - 89 - - 89
- 88,520 5,880 - 94,400
Designated funds 1,585,953 - - (296,561) 1,289,392
General funds 10,666 140,266 19,327 (14,149) 156,110
1,596,619 228,786 25,207 (310,710) 1,539,902

29

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

14 Funds continued

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

Restricted Funds
Peru
Building
Equipment
Ipswich
Storehouse
-
Town Council grant
-
Communities grant
-
Other grant - vouchers
-
Donated goods
-
Gifts for food
-
Gifts for vehicle
-
Christmas gifts
-
Other gifts
Special collections
Designated Funds
General Funds
General fund
Contingency fund
TOTAL FUNDS
Buildings investment fund		 Opening
Incoming
Outgoing
Transfers
Closing
balance
resources
resources
in the year
balance
2022
2023
2023
2023
2023
£
£
£
£
£
5,236
3,484
(9,816)
1,959
863
9,218
23,794
-
(23,793)
9,219
-
-
-
-
-
-
34,008
(1,162)
(1,680)
31,166
73
1,600
(1,673)
-
-
4,549
-
(4,549)
-
-
2,890
-
(2,145)
-
745
7,125
49,761
(52,086)
-
4,800
26,685
16,390
(13,683)
-
29,392
6,897
-
-
-
6,897
-
1,683
(1,100)
-
583
969
2,500
(5,581)
7,841
5,729
1,863
2,235
(2,185)
-
1,913
65,505
135,455
(93,980)
(15,673)
91,307
1,277,070
-
(35,272)
41,948
1,283,745
1,277,070
-
(35,272)
41,948
1,283,745
68,152
203,010
(185,980)
(26,275)
58,907
75,000
-
-
-
75,000
143,152
203,010
(185,980)
(26,275)
133,907
1,485,727
338,465
(315,232)
-
1,508,959

During the previous year the charity:

All transfers from restricted funds to unrestricted funds were agreed with the appropriate donors.

30

WEST SUFFOLK VINEYARD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

14 Funds continued

At the end of the previous year the assets and liabilities of the various funds were as follows:

Restricted Funds
Peru fund
Building fund
Ipswich fund
Storehouse
Special collections
Designated funds
General funds		 Fixed
Bank & cash
Stock and
Total
assets
balances
Debtors
Creditors
2023
£
£
£
£
£
-
863
-
-
863
-
9,218
-
-
9,218
-
31,166
-
-
31,166
-
42,602
5,546
-
48,148
-
1,913
-
-
1,913
-
85,761
5,546
-
91,307
1,613,313
-
-
(329,568)
1,283,745
16,754
117,950
14,409
(15,206)
133,907
1,630,067
203,711
19,955
(344,774)
1,508,959

15 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

31