## ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ## Bognor Vineyard (A company limited by guarantee) Charity registration number: 1084904 Company registration number: 4093580 Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF ## **BOGNOR VINEYARD** ## **CONTENTS** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 10| |Independent Examiner's Report|11| |Statement of Financial Activities|12| |Balance Sheet|13 to 14| |Notes to the Financial Statements|15 to 26| ## **BOGNOR VINEYARD** ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Trustees** Lisa Van Driel (appointed 15 March 2024) Gabrielle Sartin Patrick Wicker (resigned 23 February 2024) Johanna Coates (resigned 13 February 2025) Kevin Finniear Alan Coombs (resigned 2 November 2023) Annie Hamilton (appointed 1 September 2024) Lorna Earle (appointed 1 September 2024) **Secretary** Lorna Earle **Charity Registration** 1084904 **Number Company Registration** 4093580 **Number** The charity is incorporated in England. **Registered Office** Waterloo House 5a Waterloo Square Bognor Regis West Sussex PO21 1TE **Independent Examiner** G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF **Bankers** Barclays Bank PLC Leicester LE87 2BB Page 1 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 October 2024. ## **Objectives and activities** ## _**Purposes and aims**_ The primary aims and purposes of Bognor Vineyard Church as contained in our Memorandum & Articles of association are to: ●Advance the Christian faith in accordance with our Statement Of Beliefs in Bognor Regis and in such other parts of the United Kingdom or the World as the Trustees from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of Bognor Vineyard. ●Relieve persons who are in conditions of need and hardship or who are aged or sick and to relieve the distress caused thereby in Bognor Regis and in such other parts of the United Kingdom or the World as the Trustees from time to time think fit. ●Advance education in accordance with the Christian principles in the said Bognor Regis area and in such other parts of the United Kingdom or the world as the trustees from time to time think fit. Bognor Vineyard is committed to seeing people transformed by the love of God, becoming fully devoted followers of Jesus who are grounded in his truth and empowered by his Spirit for the sake of His kingdom. This is primarily achieved through: - ●Public Worship and Prayer. ●Christian Biblical teaching and sharing of our faith. ●Facilitating and strengthening closer friendships and community including links with other churches and services. ●Provision of Pastoral Care for those within the church and the local community. ●Missionary and outreach work. ●Creating a welcoming space in our registered premises to those who engage in our activities. ## _**Main objectives**_ Our main objectives continue to be the pastoral and spiritual care of those who attend Bognor Vineyard Church and its activities in line with our Christian Faith. When planning our activities for the year, the trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Structure, governance and management** ## _**Nature of governing document**_ Bognor Vineyard is a charitable company, limited by guarantee, as defined by the Companies Act 2006 and was set up by a Memorandum of Association on 20/10/2000. The Charity is constituted under a Memorandum of Association dated 20/10/2020 and is a registered charity number 1084904. Page 2 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** ## _**Recruitment and appointment of trustees**_ Trustees are appointed in accordance with the Memorandum and Articles of Association. The existing trustees are responsible for the recruitment of new trustees. In selecting new trustees, we seek to identify people who have an understanding of the events and functions organised by the charity, are willing to volunteer to help in our broader community work and are committed to the purposes as set out in the objects contained in the company’s memorandum of association. Potential trustees are invited to attend trustees’ meetings as observers and are given more details of the charities aims in their activities and, if all agree, they are then proposed as new trustees at the subsequent trustees’ meeting in accordance with the Memorandum and Articles of Association. This process allows due consideration of the person’s eligibility, personal competence, specialist knowledge and skills. We had three resignations from the Board during the year. One was Alan Coombs at the beginning of the year and the other was Patrick Wicker who also resigned as Senior Pastor in February 2024, lastly Johanna Reeves who resigned in February 2025. We would like to thank them for their dedication to Bognor Vineyard. We welcomed Lisa van Driel back to the board in March 2024. Annie Hamilton and Lorna Earle were also recruited in August of 2024. ## _**Induction and training of trustees**_ Following appointment, new trustees are introduced to their new role and given copies of the trust deed and a guide to the policies and procedures adopted by our charity. A number of publications from the Charity Commission are also provided including the guidance on charities and public benefit and on the advancement of religion for the public benefit . This ensures that new trustees are aware of the scope of their responsibilities under the Charities Act. A full trustee training was received on 18th October 2024. We had two new trustees appointed this year. ## _**Organisational structure**_ The management of the charity and its governance is the responsibility of the trustees. The directors are trustees for the purposes of the Charity Commission. Bognor Vineyard is part of the national network of Vineyard Churches UK & Ireland (VCUKI) who provide oversight, training and support for Trustees and Senior Leadership. As a requirement of VCUKI, the Senior Pastor sits on the Board of Trustees. Due to the resignation of the Senior Pastor and the current period of recruitment, there is not currently a Senior Pastor on the Board of Trustees. The Church normally functions with a leadership team who share Spiritual oversight with the Senior Pastors of our various ministries and activities. Day to day decisions on expenditure and activities are decided by the staff in charge of different areas of the church in line with our financial policies. However, as the Church is trying to recruit a Senior Pastor, there is an Interim Leadership Team who are working closely with the Trustees to keep the church running. They were chosen and appointed by the Trustees and the Area Pastors in February 2024. The Trustees and Interim Leadership Team give their time freely and receive no remuneration or other financial benefits for their role. Page 3 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** It is a requirement under the memorandum & Articles of Association that the trustees meet together as a body at least 3 times a year. The Trustees meet every 2 months, and they meet with the Interim Leadership Team every other month. ## _**Arrangements for setting key management personnel remuneration**_ The trustees consider the Senior Pastors of the church as their key management personnel. The Senior Pastor(s) pay is reviewed annually and normally increased in line with the Consumer Prices Index (CPI). Periodically their pay is also reviewed to be in line with similar positions in our national church network. However, since February 2024, the Church has not had a Senior Pastor and the Interim Leadership Team have been acting together as the key management personnel. ## _**Payments to trustees and their relatives**_ There have been no payments to Trustees or their relatives since the resignation of P Wicker in February 2024. ## _**Volunteers**_ Bognor Vineyard continues to rely heavily on a 'volunteer workforce' to run our various church and community activities. The value of these volunteers is impossible to quantify and is impossible to reflect in these accounts and we are eternally grateful to each and every one of them. ## _**Risk management**_ The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. This rolling review considers policies in the following areas: - Financial - Staff and Volunteers - Health & Safety, fire, first aid and risk assessment - IT and data management - Child and vulnerable adult protection - Insurance for property and activities - Property maintenance and utilities The trustees are satisfied that systems are in place, or arrangements are in hand, to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the church are kept under regular review. Appropriate Disclosure and Barring Service (DBS) checks supported by regularly reviewed policies including safer recruitment and training , are made for all those who work with children or other vulnerable groups within the church and our charitable activities, including Youth of Bognor (YOB). Page 4 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** In a church charity mainly dependent on regular donations from its members, the trustees are always mindful of the potential financial risk in a reduction of donations. We attempt to mitigate this risk by the creation of monthly management accounts to ensure that a surplus and liquidity are maintained where possible, and through regular communication with members. ## **Achievements and performance** ## _**Review of activities**_ Attendance continues to be around 50-60 adults and children on a Sunday morning with midweek groups such as ‘Sundaes on Tuesdays’ (a youth group for 11-18 year olds) attracting 8 regular attendees; several midweek kinship groups for around 40 people; and a coffee morning at the Waterloo Square office. These midweek activities attract a significant number of attendees who do not regularly attend on a Sunday morning. Guest services such as Christmas, Valentine’s Day and Easter Day normally attract much higher numbers with around 125 attending the Christmas Carol Service. The biggest challenges continue to be the pressures on our resources, both financial and human. A decrease in staff hours alongside a significant rise in building renovation costs, has made meeting all of our objectives a challenge. We have nevertheless succeeded in renovating the church offices and small meeting room and the two attached flats, which are now being rented thus providing an additional source of income for the church. However, we have also continued to see God’s faithfulness and provision and although our numbers are still low, we are seeing signs of growth and continue to be a group of people who love God and endeavour to demonstrate Jesus to those around us through the power and grace of the Holy Spirit. ## _Chichester Vineyard_ As reported in last year’s report, Chichester Vineyard (a church plant from Bognor Vineyard) was formally closed in June 2022 following the resignations of the existing Senior Pastors and no applications being received for the position. £2,400 has yet to be distributed. These funds will be donated to Pregnancy Options in Chichester (£1,000) and for the benefit of people in the Chichester area (£1,400) in the 2024-25 year. ## _Youth of Bognor (YOB) Camp_ YOB is a cross-church holiday venture that welcomes all children and young people from across Bognor Regis and surrounding areas. YOB is run by a core team with oversight from Bognor Vineyard. They hold their own bank accounts and all expenses are covered by themselves through fundraising, tickets and donations. In July 2024, due to the lack of funding, they made the Fundraiser redundant and the Director stopped taking a salary. The Director has taken on the fundraising duties and they have received approximately £2205 in grants so far since September 2024. The Camp is held in the Isle of Wight at Urban Saints Westbrook Centre. Approximately 47 YOBs (8-12), 2 Pre-YOBs (under 5), 5 Young Leaders (14-17) and 24 Adult Leaders (18+). Page 5 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** They are anticipating another year of lack of funding due to the cost-of-living crisis. They have reduced their out-going spending as much as possible, as stated above, and will edit some of their camp activities to reduce cost. They are attempting to reach out and convince the wider churches in Bognor to support them financially and they are also exploring other avenues of community fundraising. They have a fundraiser’s plan of action in place and are exploring a cheaper venue moving forward. ## _Worship and prayer_ Bognor Vineyard continues to be keen to offer a range of services during the week and over the course of the year, that the community find both beneficial and spiritually fulfilling. For example, we offer Sunday morning worship, prayer meetings & walks, mid-week Small Groups, youth and children’s groups. Small Groups continue to be a crucial part of church life and are well attended with a large percentage of our church family meeting regularly during the week. We have recently had to increase the number we run. Small group leaders are voluntary and have regular training and opportunity to seek support, so they in turn are able to offer practical as well as spiritual support to those in their groups. Small groups are overseen by the Interim Leadership Team. We continue to meet on Sunday mornings at Felpham Community College. We are again seeing more steady numbers on Sunday mornings with approximately 50 regular adults. Whilst the income from donations from our committed members of the church continues to be slightly lower than in previous years, we are expectant that this will start to increase again as numbers continue to rise. ## _Ministries_ Our Ministry staff and volunteers have remained fairly consistent since all the changes from last year. However as we are beginning to see growth in attendance in our church and its activities, we remain dedicated to finding longer term solutions to support those involved. **Youth, children and students** - There have been a lot of changes to our staff and volunteers with youth and kids. Having youth & children regularly attending Bognor Vineyard remains one of our highest priorities and we continually seek ways to increase volunteer participation in these ministries. Our Youth Leader of several years left in November 2022 and as an interim measure, our intern agreed to do a few paid hours until a more permanent solution was found. The intern then left in August 2024 and two volunteers continued to do a youth group on Tuesday evenings, averaging 8 young people weekly. Due to a lack of volunteers and users on a Sunday morning, there are no separate groups for Youth and Kids work. Instead, there are toys and activities at the back of our church service, and a volunteer sets up and supervises them. **Pastoral Care** - We continue to hold to the saying that 'faith without works is dead' and as such ensure that there is a practical outworking of what we believe the Bible teaches in helping those in need in our local and wider community, as demonstrated below. Bognor Vineyard Church sees its mission in the local community continue in supporting its more vulnerable members and will continue to build on this. Page 6 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** _Support Fund -_ This fund is to practically support those connected to Bognor Vineyard who are in financial need. _Coffee support group and monthly lunch -_ Our weekly Tuesday coffee and quiz morning has continued with the support of our amazing volunteers and continues to be attended regularly by a few adults who are lonely or struggling, with the aim to build friendships and laugh together over a cuppa and cake in a safe space. We continue to hold a monthly Tuesday lunch for vulnerable adults and those on their own which is regularly attended by approx. 15 adults. ## _Agencies we support or participate with_ **Christians Against Poverty (CAP) -** In December 2022, CAP restarted in one of the local churches. Bognor Vineyard along with several other churches in Bognor agreed to financially support CAP with a monthly donation of £311.33. **Arun Angels –** Arun Angels in Bognor and Littlehampton came under the umbrella of Bognor Vineyard in May 2024. They continue to have volunteers that support and care for people as they leave pubs in Bognor Regis and Littlehampton on a Saturday night. Arun Angels works closely with Bognor Police to help reduce levels of confrontation and provide protection for vulnerable people. No financial assistance was made by Bognor Vineyard this year but they are now a project under Bognor Vineyard and our church office continues to be used as a base. **Bognor Churches Together** - Last year saw the recently re-established Bognor Churches Together grow in membership and participation. Several meetings have taken place and members of Bognor Vineyard play an active part. No financial support was given by Bognor Vineyard. ## _Registered Premises_ Our registered premises at 5a Waterloo Square in central Bognor Regis includes two flats and a café. Significant building work and refurbishment was undertaken in order to rent out the two flats. Tenancy was given on July 2024 for both flats. The café continues to operate and are a year into their 3-year contract. Work continues on the rest of the building and it is now being used increasingly for church events. The back of the downstairs area holds our office, and the front is used by coffee mornings and lunches. It also acts as storage for a lot of our church equipment as we do not have a permanent meeting space. Our aim is to be able to use the space to increase mission work or rent out the space as needed. ## _Mission and Outreach_ As trustees we are considering which missions we can help financially in the coming year. The Trustees are awaiting the new Senior Pastor before committing to new mission work. The church has supported local families following requests for support from a local school; continues to support families in need by offering funded or partially funded place on YOB Camp; and has enabled the congregation to support a link school in Rwanda. Page 7 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** ## **Plans for future periods** Decisions around recruitment and how we continue to fulfil our Objects continue to be mainly dependent on financial costs and appropriate candidates for the Senior Pastor. The Trustees will then consider appointing an administrator, Children/Youth Pastors, and other staff roles as appropriate and needed. ## **Financial review** The trustees continue to be mindful of the economic situation and note the potential difficulties ahead with giving from the church members and the likely increase in demand of our services to the community. Despite this, the charity ended the year in a satisfactory financial position and in a reasonable position to develop its future activities. Total income for the year amounted to £153,549 (2023: £157,076) and expenditure £155,201 (2023: £158,320). Fund balances at the year-end are £450,454 made up of £430,509 unrestricted funds and £19,945 restricted funds. Unrestricted funds decreased by £3,730 and restricted funds increased by £2,078. ## _**Investments**_ We have the church's office premises at 5a Waterloo Square in central Bognor Regis, along with the Café next door and the 2 flats above. We have also operated a policy of keeping available funds within interest-bearing deposit accounts having regard to liquidity requirements. ## _**Reserves policy**_ 'Free reserves' are those reserves free of any restriction that are available to meet the normal expenditure of the Church excluding that necessary to run the restricted activities. They provide a buffer of liquid funds to cover temporary shortfalls caused by an unforeseen decline in income or an unexpected increase in costs. Should any of these circumstances arise, these funds are intended to ensure that the charity can meet its contractual obligations to staff, premises and statutory bodies and its moral obligations to its donors. The trustees seek to maintain a level of free reserves of three months unrestricted expenditure. Free reserves are currently calculated by deducting the value of our freehold property, less the mortgage, from the unrestricted fund balance. As at 31 October 2024 free reserves were equal to four months of unrestricted expenditure. (As at 31 October 2023 the reserves equated to three months of unrestricted expenditure). See financial report below. In the absence of a Senior Pastor, we finished this year with yet further reductions to our salary costs and full-time equivalent hours (FTE 0.5). We finished the year employing a total of 2 part-time staff. Page 8 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** Expenses of our pastoral care support in terms of flowers, small gifts, lunches and drinks remained similar to the previous year. We have felt this has been a crucial expense at a time where people’s wellbeing and good mental health is at risk. The majority of our church members give regularly and straight to our bank account. The Trustees continue to be informed regularly regarding the financial position by the bookkeeper. Restricted reserves are kept to a minimum to ensure that funds are attributed in a timely way in accordance with the applicable restrictions. This applies to donations from individuals, fundraising, grants and legacies. These restricted reserves are reviewed each financial year. The charity does not currently hold 'designated funds'. No grants were received this year. ## **Going concern** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Page 9 ## **BOGNOR VINEYARD** ## **TRUSTEES' REPORT** ## **Statement of Responsibilities** The trustees (who are also the directors of Bognor Vineyard for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can 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. ## **Small companies provision statement** This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 23 June 2025 and signed on its behalf by: ......................................... ......................................... Gabrielle Sartin Kevin Finniear Trustee Trustee Page 10 ## **BOGNOR VINEYARD** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BOGNOR VINEYARD** I report to the charity trustees on my examination of the accounts of Bognor Vineyard for the year ended 31 October 2024. ## **Responsibilities and basis of report** As the charity’s trustees of Bognor Vineyard (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 Bognor Vineyard 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 Bognor Vineyard 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. ...................................... G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF 23 June 2025 Page 11 ## **BOGNOR VINEYARD** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024** |**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
3
112,196
Charitable activities
4
-
Investment income
5
768
Other income
6
10,701
Total income
123,665
**Expenditure on:**
Charitable activities
7
127,395
Total expenditure
127,395
Net
(expenditure)/income
(3,730)
Net movement in funds
(3,730)
**Reconciliation of funds**
Total funds brought
forward
434,239
Total funds carried
forward
16
430,509|**Restricted**
**funds**
**£**
22,797
6,835
252
-
29,884
27,806
27,806
2,078
2,078
17,867
19,945|**Total**
**2024**
**£**
134,993
6,835
1,020
10,701
153,549
155,201
155,201
(1,652)
(1,652)
452,106
450,454|**Total**
**2023**
**£**
130,949
17,335
569
8,223| |---|---|---|---| ||||157,076| ||||158,320| ||||158,320| ||||(1,244)| ||||(1,244)
453,350| ||||452,106| The notes on pages 15 to 26 form an integral part of these financial statements. Page 12 ## **BOGNOR VINEYARD** ## **(REGISTRATION NUMBER: 4093580) BALANCE SHEET AS AT 31 OCTOBER 2024** |**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Debtors
13
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
16|**2024**
**£**
398,074
398,074
5,420
51,997
57,417
(5,037)
52,380
450,454
19,945
430,509
450,454|**2023**
**£**
398,765| |---|---|---| |||398,765| |||2,145
72,089| |||74,234
(20,893)| |||53,341| |||452,106| |||17,867
434,239| |||452,106| For the financial year ending 31 October 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The notes on pages 15 to 26 form an integral part of these financial statements. Page 13 # **BOGNOR VINEYARD** # **(REGISTRATION NUMBER: 4093580) BALANCE SHEET AS AT 31 OCTOBER 2024** The financial statements on pages 12 to 26 were approved by the trustees, and authorised for issue on 23 June 2025 and signed on their behalf by: ......................................... ......................................... Gabrielle Sartin Kevin Finniear Trustee Trustee The notes on pages 15 to 26 form an integral part of these financial statements. Page 14 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **1 Charity status** The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. ## **2 Accounting policies** ## **Summary of significant accounting policies and key accounting estimates** The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## **Statement of compliance** The financial statements 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. ## **Basis of preparation** Bognor Vineyard meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## **Income and endowments** All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 15 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## _**Donations and legacies**_ Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## _**Gift aid**_ Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## _**Interest receivable**_ Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## _**Grant provisions**_ Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 16 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Tangible fixed assets** Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: **Asset class Depreciation method and rate** Land and buildings not provided Furniture and equipment 25% on reducing balance ## **Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Liabilities** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. ## **Fund structure** Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 17 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Pensions and other post retirement obligations** The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. ## **Financial instruments** The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Page 18 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **3 Income from donations and legacies** |**Unrestricted**
**funds**
**General**
**£**
Donations and legacies;
Donations
95,076
Gift aid reclaimed
17,120
Grants, including capital
grants;
Grants from other charities
-
112,196
**4 Income from charitable activities**
**Unrestricted**
**funds**
**General**
**£**
Events income
-
**5 Investment income**
**Unrestricted**
**funds**
**General**
**£**
Interest receivable and
similar income;
Interest receivable on
bank deposits
768
**6 Other income**
**Unrestricted**
**funds**
**General**
**£**
Rental income
10,701|**Restricted**
**funds**
**£**
20,917
-
1,880
22,797
**Restricted**
**funds**
**£**
6,835
**Restricted**
**funds**
**£**
252
**Restricted**
**funds**
**£**
-|**Total**
**2024**
**£**
115,993
17,120
1,880
134,993
**Total**
**2024**
**£**
6,835
**Total**
**2024**
**£**
1,020
**Total**
**2024**
**£**
10,701|**Total**
**2023**
**£**
108,827
22,122
-| |---|---|---|---| ||||130,949| ||||**Total**
**2023**
**£**
17,335| ||||**Total**
**2023**
**£**
569| ||||**Total**
**2023**
**£**
8,223| Page 19 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **7 Expenditure on charitable activities** |**Note**
Premises - Waterloo
Square
Church services costs
Events
Youth and children
Youth of Bognor
Compassion and
refugee support
Administration costs
Insurance
Subscriptions
Training and
conferences
Travel and
subsistence
Professional fees
Bank/merchant
charges
Mortgage interest
Office and admin
support recharged
Independent
examination
Depreciation
Grants
8
Staff costs
11|**Unrestricted**
**funds**
**General**
**£**
39,110
9,771
331
1,267
-
4,116
3,818
2,838
7,472
538
276
1,429
413
585
(1,200)
2,160
612
280
53,579
127,395|**Restricted**
**funds**
**£**
461
-
147
-
21,202
-
-
-
-
-
-
-
-
-
1,200
-
79
3,631
1,086
27,806|**Total**
**2024**
**£**
39,571
9,771
478
1,267
21,202
4,116
3,818
2,838
7,472
538
276
1,429
413
585
-
2,160
691
3,911
54,665
155,201|**Total**
**2023**
**£**
5,465
13,412
(323)
2,106
22,682
3,778
6,145
2,870
8,503
1,221
1,961
3,450
648
1,241
-
2,100
-
15,776
67,285| |---|---|---|---|---| |||||158,320| Page 20 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **8 Grant- making** |**Analysis of grants**
Grants to individuals
Grants to institutions
Small gifts|**Unrestricted**
**funds**
**General**
**£**
-
-
280
280|**Restricted**
**funds**
**£**
3,631
-
-
3,631|**Total**
**2024**
**£**
3,631
-
280
3,911|**Total**
**2023**
**£**
100
15,200
476| |---|---|---|---|---| |||||15,776| ## **9 Trustees remuneration and expenses** During the year the charity made the following transactions with trustees: ## **Patrick Wicker** Patrick Wicker received remuneration of £12,617 (2023: £37,850) during the year. These payments were made in respect of duties carried out for activities in furtherance of the churches objects. Remuneration was not paid in respect of the duties as a trustee. Pension contributions amounting to £316 were paid in the current year (2023 - £948). Payments are made in accordance with the Trust Deed. The only other payments made to the trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects. ## **10 Related party transactions** During the year the charity made the following related party transactions: ## **Jodi Wicker** (wife of Patrick Wicker, a trustee) Jodi Wicker received remuneration amounting to £950 (2023: £1,525) in the current year. ## **Oliver Finniear** (son of Kevin Finniear, a trustee) Oliver Finniear received remuneration amounting to £776 (2023: £Nil) in the current year. Page 21 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **11 Staff costs** The aggregate payroll costs were as follows: |**11 Staff costs**
The aggregate payroll costs were as follows:||| |---|---|---| |**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
53,710
-
955
54,665|**2023**
**£**
65,557
467
1,261| |||67,285| The monthly average number of persons employed by the charity during the year expressed as full time equivalents was as follows: |expressed as full time equivalents was as follows:||| |---|---|---| |Charitable staff
Management and administration|**2024**
**No**
2
1
3|**2023**
**No**
2
1| |||3| Page 22 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **12 Tangible fixed assets** |**Cost**
At 1 November 2023
At 31 October 2024
**Depreciation**
At 1 November 2023
Charge for the year
At 31 October 2024
**Net book value**
At 31 October 2024
At 31 October 2023|**Land and**
**buildings**
**£**
396,000
396,000
-
-
-
396,000
396,000|**Furniture**
**and**
**equipment**
**£**
33,501
33,501
30,736
691
31,427
2,074
2,765|**Total**
**£**
429,501| |---|---|---|---| ||||429,501| ||||30,736
691| ||||31,427| ||||398,074| ||||398,765| An informal opinion of value of the freehold was obtained on 31st October 2019 by Steve Tickner, former trustee and partner at Henry Adams Estate Agents, and independent agent. The value was considered to be £396,000 which the trustees continue to agree is an appropriate valuation. ## **13 Debtors** |Prepayments
Accrued income|**2024**
**£**
419
5,001
5,420|**2023**
**£**
358
1,787| |---|---|---| |||2,145| ## **14 Creditors: amounts falling due within one year** |Bank loans
Trade creditors
Other taxation and social security
Other creditors
Accruals|**2024**
**£**
-
270
207
-
4,560
5,037|**2023**
**£**
14,026
1,081
1,040
246
4,500| |---|---|---| |||20,893| Page 23 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **15 Pension and other schemes** ## **Defined contribution pension scheme** The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £955 (2023 - £1,261). ## **16 Funds** |**16 Funds**||||| |---|---|---|---|---| |**Unrestricted funds**
**_General_**
General Funds
**Restricted funds**
New Building
Arun Angels
Youth of Bognor
Youth
Support
**Total funds**|**Balance at**
**1**
**November**
**2023**
**£**
434,239
461
-
10,767
147
6,492
17,867
452,106|**Incoming**
**resources**
**£**
123,665
-
3,070
26,814
-
-
29,884
153,549|**Resources**
**expended**
**£**
(127,395)
(461)
-
(23,567)
(147)
(3,631)
(27,806)
(155,201)|**Balance at**
**31 October**
**2024**
**£**
430,509
-
3,070
14,014
-
2,861| |||||19,945| |||||450,454| ## **New Building** Donations to this fund are set aside for the future purchase of a church building. ## **Arun Angels** Funding received towards this activity to commence in 2025. ## **Youth Of Bognor** Donations to this fund are used to provide a week-long supervised holiday camp and other activities for young people in the Bognor area, including children from disadvantaged families. ## **Youth Fund** This was originally set up to provide funds for youth equipment. As this was no longer needed for its original purpose, the use was widened in Feb 2022 to fund more general youth expenses. Page 24 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **Chichester Vineyard** Donations to this fund are used to establish a new church congregation in the Chichester area. As the activity was dicontinued, the remaining funds were transferred to general funds with the permission of the donors. ## **Support fund** This was set up in April 2020 for donations to support people with specific needs during the Covid Pandemic. The use was widened in Feb 2022 to support anyone in, or has ties with Bognor Vineyard needing financial support. ## **Refugee fund** This fund is to support refugees in Ukraine. |**Unrestricted funds**
**_General_**
General Funds
**Restricted funds**
New Building
Youth of Bognor
Youth
Chichester Vineyard
Support
Refugee fund
**Total funds**|**Balance**
**at 1**
**November**
**2022**
**£**
389,253
461
9,197
194
47,416
6,592
237
64,097
453,350|**Incoming**
**resources**
**£**
128,789
-
28,287
-
-
-
-
28,287
157,076|**Resources**
**expended**
**£**
(116,219)
-
(26,717)
(47)
(15,000)
(100)
(237)
(42,101)
(158,320)|**Transfers**
**£**
32,416
-
-
-
(32,416)
-
-
(32,416)
-|**Balance**
**at 31**
**October**
**2023**
**£**
434,239
461
10,767
147
-
6,492
-| |---|---|---|---|---|---| ||||||17,867| ||||||452,106| Page 25 ## **BOGNOR VINEYARD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024** ## **17 Analysis of net assets between funds** |Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted**
**funds**
**General**
**£**
397,836
37,710
(5,037)
430,509
**Unrestricted**
**funds**
**General**
**£**
398,527
56,605
(20,893)
434,239|**Restricted**
**funds**
**£**
238
19,707
-
19,945
**Restricted**
**funds**
**£**
238
17,629
-
17,867|**Total funds**
**at 31**
**October**
**2024**
**£**
398,074
57,417
(5,037)| |---|---|---|---| ||||450,454| ||||**Total funds**
**at 31**
**October**
**2023**
**£**
398,765
74,234
(20,893)| ||||452,106| Page 26