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← Vine City International

2024-12-31-accounts

VINE CITY INTERNATIONAL

Report and Accounts

Year ended 31 December 2024

3 Worcester Avenue, Old Swan, LIVERPOOL L13 9AZ t: 01513647913 e: aamatthew@aol.com

Contents Page
Company Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Accounts 11-16
The following page does not form part of the Statutory Accounts
Detailed Statement of Financial Activities with Comparatives 17

Vine City International Trustees' Annual Report for the Year Ended 31 December 2024

Company Information

Charity Name: Vine City International
Directors/Trustees: Mr Matthew Okuboyejo
Secretary: Mr Matthew Okuboyejo
Governing Document: Memorandum and Articles of Association
dated 22nd May 2000
Company Registration Number: 03999216
Charity Commission No: 1084936
Registered Office and
Operational Address: Newspring House
3 Worcester Avenue
Old Swan
Liverpool
L13 9AZ
Accountants: AA Matthew & Co
Newspring House
3, Worcester Avenue
Old Swan
Liverpool
L13 9AZ
Bankers: Natwest Bank
504 Brixton Road
Brixton, London
SW9 2EH

Page 1

Vine City International Trustees' Annual Report for the Year Ended 31 December 2024

Objects of the charity

Our Charity's purposes as set out in the objects contained in the Declaration of Trust are :

a. The advancement of the Christian religion through the establishment and maintenance of a School of Prayer, the provision of information and teaching principles of prayer and Christian living and the holding of religious ceremonies and services.

b. The general charitable benefit of the inhabitants of the SE1 area of London and the surrounding areas, the provision of advisory and training services in such a way as to develop their capacity and skills so that they they are better able to identify and help meet their needs and participate more fully in society.

Ensuring Our Work Delivers Our Aims

We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aims, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The Focus of Our Work

Our main objectives for the year continue to be the advancement of the Christian religion and the relief of poverty and sickness. The strategies to be used to meet these objectives included:

  1. School of Prayer online-Youtube, Facebook, Instagram, Twitter etc

  2. Itinerant preaching of the gospel

  3. Provision of Teaching materials on prayer and other christian topics

  4. Missionary and Outreach Work

  5. Relieve of Poverty and Unemployment in Nigeria/Africa through Business Startup Training and SME Financing.

How Our Activities Deliver Public Benefit

Our main activities and who we try to help are described below. All our charitable activities focus on the advancement of the Christian religion and the relief of poverty and sickness.

e. We do aim to work in partnership with AA Matthew & Co International and other bodies in Nigeria to actively reduce poverty and unemployment by offering Business startup Training and making access to SME and Micro Entity Financing possible. The establishment of a Startup Bank as a PLC would also be researched.

Page 2

Vine City International Trustees' Annual Report for the Year Ended 31 December 2024

Who used and benefited from our Services?

Through the above 5 Activities we intend to minister to the physical, mental and spiritual needs of the whole man in our meetings, online outreaches and traditional media outlets such as Radio/TV Outlets.

We also would resume helping to relieve poverty and hardship amongst Christians who are suffering from a period of financial hardship due to unemployment and lack of financial resources.

Financial Review

The trustees approve an annual budget and give regular attention to financial results, variance from budgets and cash flow. Income was principally derived from the generous gifts and voluntary support of donors as well as revenue from activities to further the charity's projects.

For the year, the charity's income (including revenue from other activities) was £29,344 (2023: £11,340) and its expenditure was £15,925 (2023: £12,674), which resulted in a Surplus of £13,418 (2023: Deficit of £1,334).

The trustees have considered the charity’s current financial position and projections for the coming 12 months. The trustees are satisfied that the charity is and will remain solvent through that period.

Principal Funding Sources

The principal funding sources for the charity would be goodwill offerings from the Trustees and donations from related Businesses.

At the appropriate time we would exercise our right to reclaim the tax on the donations and gifts received and this hopefully would prove a steady and growing source of additional income. Furthermore, investment options would be pursued as a means of expanding our financial base.

Investment Policy

The Charity has cash that are set out in the Charity balance sheet. The first objective of the investment policy is to invest cash at banks where the capital is protected. The Board of Trustees however would as previously stated seek to invest funds at minimal risk in order to achieve satisfactory return.

Reserves Policy

The Board of Trustees has examined the Charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.

The expenditure for Year ended 31st December 2024 is £15,925 and therefore the targeted reserves should be between £3,981 and £7,962 in general funds. The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. This general reserve policy has not been met this year as in previous years.

Plans for Future Periods

The Charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.

We will also continue to review our general processes, activities and staffing to ensure we are meeting the current needs of the church and, in so far as we can, the city.

Page 3

Vine City International Trustees' Annual Report for the Year Ended 31 December 2024

Pandemic Aftermath

As we emerged from an extended period of sheltering and social distancing, there are residual concerns about attendance, engagement and income five years after the fact.

We have set out below interventions undertaken to mitigate the impact of the pandemic on worship, income and community engagement:

a. Provision of Hybrid Services: Church services, programs and teachings have been delivered online since restrictions were put in place by the government. However, during the period of relaxed restrictions, the charity operated with limited capacity and therefore continued to provide online services simultaneously.

Structure, Governance and Management

Governing Document

The Organisation is a charitable company limited by guarantee, incorporated on 22nd May 2000. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company wound up members are required to contribute an amount not exceeding £10.

Recruitment and Appointment of Trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as trustees. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting.

All trustees give their time voluntarily and receive no benefits from the charity.

Due to the nature of Charity work, trustees appointed have been so selected on the basis of their faith, strength of character, skills set in the area of business management and growth and commitment to the vision of the charity.

Page 4

Vine City International Trustees' Annual Report for the Year Ended 31 December 2024

Trustees Induction and Training

Most trustees are already familiar with the practical work of the charity. Additionally new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates. These sessions would be jointly led by the Chair of Trustees and the Chief Executive of the Charity and cover:

o The Obligations of Trustees

o The Main documents which set out the operational framework for the charity including the Memorandum and Articles.

o Resourcing and the current finanicial position as set out in the latest published accounts o Future plans and objectives

A Question & Answer pack would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.

Risk Statement

The trustees recognise the importance of assessing and managing risk associated with the charity's objectives. The process of identifying risk is on-going and is an essential part of the work of the trustees and Management Team. The charity has a set of comprehensive policy and procedure documents in place to ensure on-going identification and management of foreseeable risks.

Financial risk is mitigated through the adoption of comprehensive budgeting and reporting processes. Policy documents relating to risk and compliance issues are reviewed and updated annually. Current policies include:

  1. Safeguarding children and vulnerable adults

  2. Health and safety

  3. Equal opportunities

  4. Purchasing

  5. Fire safety and evacuation

  6. Employment including complaints and disciplinary issues

  7. Privacy and data protection

  8. Complaints

  9. Finance Processes

  10. Conflict of Interest

The trustees and staff have been aware of their responsibilities with regard to the new GDPR regulations and action has been taken to ensure compliance.

Page 5

Vine City International Trustees' Annual Report for the Year Ended 31 December 2024

Organisation

Vine City International is governed by a Board of Trustees elected to serve the charity and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. There are a number of other criteria that a trustee must meet. The Board of Trustees are assisted by the Department leaders.

The Board of Trustees meet quarterly and are responsible for the strategic

Charity. A scheme of delegation is in place and day to day responsibility for the provision of the services is handled by the Head of Projects.

The adminstrative team continue to develop their skills and working practices in line with good 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 affairs of the charitable company as at the balance sheet date and of its incoming resources and applications of resources, including income and and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and:

o Select suitable accounting policies and then apply them consistently;

o Make judgements and estimates that are reasonable and prudent

o Prepare the financial statements on the on going basis unless it is in appropriate

to presume that the charity will continue in business.

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Members of the Board of Trustees

Members of the Board of Trustees, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

In accordance with company law, as the company's directors, we certify that:

So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the directors of the company we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.

This report has been prepared by the Order of Trustees:

Rev Matthew Okuboyejo

29th September 2025

Page 6

Vine City International Independent examiner’s report to the trustees of Vine City International for the year ended 31 December 2024

I report to the charity trustees on my examination of the accounts of Vine City International for the year ended 31 December 2024 on pages 8 to 16 following, which have been prepared on the basis of the accounting policies set out on pages 11 and 13.

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

The Company’s gross income did not exceed £250,000 therefore our examiner need not 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 Accounting Technicians, 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.

Mr Matthew Okuboyejo FCA, MAAT

Association of Accounting Technicians

AA Matthew & Co Newspring House 3, Worcester Avenue Old Swan Liverpool L13 9AZ

29th September 2025

Page 7

Vine City International Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2024

2024 2024 2023
Unrestricted Restricted Total Total
Funds Funds Funds Funds
£ £ £ £
Notes
Incoming resources
Incoming resources from generated funds:
Voluntary Income:
Donations and Grants 3 29,344 - 29,344 11,340
Activities for generating funds:
Investment Income 4 - - -
29,344 - 29,344 11,340
Total incoming resources
Resources expended
Cost of generating funds
Costs of generating voluntary incom 5 6,416 - 6,416 3,444
Charity activities 6 7,409 - 7,409 8,030
Governance Costs 7 2,100 - 2,100 1,200
Total resources expended 15,925 - 15,925 12,674
Net Incoming resources before other 13,419 13,419 (1,334)
recognised gains
Net movement in funds 13,419 13,419 (1,334)
Reconciliation of Funds
Total funds brought forward 1,447 - 1,447 2,782
Total funds carried forward 14,866 14,866 1,448

There were no recognised gains or losses for the period other than those included in the Statement of Financial Activities.

All Income and expenditure derive from continuing operations.

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

The notes on Pages 11 to 16 form part of these accounts.

Page 8

Vine City International Balance Sheet as at 31 December 2024

Notes
Fixed assets
Tangible assets
10
Currents assets
Debtors
12
Cash at bank and in hand
14
Creditors: amounts falling due
11
within one year
Net Current Assets
Net Assets
Unrestricted funds
General Funds
16
Total Funds		 2024
£
196
3,500
13,270
16,770
(2,100)
14,670
14,866
14,866
14,866		 2023
£
46
500
2,102
2,602
(1,200)
1,402
1,448
1,448
1,448

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

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

(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

The Financial Statements were approved by the board on 29th September 2025 and were signed on its behalf by:

Rev Matthew Okuboyejo Director/Trustee

The notes on pages 11 to 16 form part of these financial statements.

Page 9

Vine City International Cash Flow Statement for the Year Ended 31 December 2024

Vine City International
Cash Flow Statement
for the Year Ended 31 December 2024
Note
Cashflows from operating activities:
Net cash provided by (use in) operating activit
A
Cashflows from investing activities:
Net cash provided by (use in) investing activities
Cashflows from financing activities:
Net cash provided by (use in) financing activities
Change in cash and equivalents in the reporting period
Cash and equivalents at the beginning of the y
B
Cash and equivalents at the end of the year
B		 2024
£
11,388
(220)
11,168
2,102
13,270		 2023
£
181
181
1,921
2,102

NOTES TO THE CASH FLOW STATEMENT

Note A: Reconciliation of net income/(expenditure) to net cash flow from operating activities:

2024 2023
£ £
Net income/(expenditure) for the reporting period (as pe 13,418 (1,334)
Adjustments for:
Depreciation Charges and provisions for impairment 70 15
(Increase)/Decrease in debtors (3,000) 1,500
Increase/(Decrease) in creditors 900 -
Net cash provided by (used in) operating activities 11,388 181
Note B: Analysis of cash and cash equivalents
2024 2023
£ £
Cash at bank with immediate access 13,270 2,102
Total Cash and Cash equivalents 13,270 2,102

Page 10

Vine City International

Notes forming part of the financial statements for the year ended 31 December 2024

1. Statutory Information

Vine City International is a private company, Limited by guarantee, registered in England and Wales, registered number 03999216. The registered office and principal place of business is Newspring House, 3 Worcester Avenue, Old Swan, Liverpool, L13 9AZ.

2. Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

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

a). Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and/or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b). Income

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

i). Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

ii). Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

iii). Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items).

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.

Page 11

Vine City International Notes forming part of the financial statements for the year ended 31 December 2024

When donated goods are distributed an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed are recognised as stock.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from fundraising events and other investments for the purpose of charity.

The charity has taken the view that it has a major charitable activity, namely alleviating poverty and sicknesses, and all income from donations, legacies and charitable activities is in respect of this major activity.

c). Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the charity is considered to be so integrated that the core charitable activity costs are considered to be for the one activity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with Constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d). Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

e). Tangible Fixed assets

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.

Investments held as fixed assets are revalued at mid market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.

f). Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

g). Pension Scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

Page 12

Vine City International

Notes forming part of the financial statements for the year ended 31 December 2024

h). Taxation

As a charity,Vine City International is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i). Critical accounting estimates and areas of judgement

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period

3.Donations and Gift Aids Unrestricted Restricted 2024 2023
Total Total
£ £ £ £
Donations 23,417 - 23,417 11,340
HMRC Charities 5,878 - 5,878 11,341
29,295 - 29,295 22,681

4. Incoming Resources from Activities to further the Charity's Objects

Unrestricted Unrestricted Restricted 2024 2023
Total Total
£ £ £ £
Investment Income 47 47 -
47 47 -
5. Costs of Generating Voluntary Income
Charity Workpport Cost Governance 2024 2023
£ £ £ £ £
Administration Direct 582 582 468
Professional Fees
Support Costs Direct 5,834 5,834 2,976
582 5,834 - 6,416 3,444

Page 13

Vine City International

Notes forming part of the financial statements for the year ended 31 December 2024

6. Charitable Activities

Ministry
Direct
7,409
7,409
7,409
-
-
7,409
7. Governance Cost
Professional Fees
Direct
-
-
2,100
2,100
-
-
2,100
2,100
Total Resources
7,991
5,834
2,100
15,925
Expended
8. Net Incoming Resources for the Year
This is stated after charging:
2024
£
Accountant's Remuneration
2,100
2,100
9. Analysis of staff costs, the cost of key management personnel and trustee remuneration
and expenses
2024
£
Gross wages and salaries & bebnefits in kind
-
Social Security
-
Pension Costs
-
-		 7,409 7,409 9,126
7,409
-		 -
7,409		 9,126
-
-		 2,100
2,100		 1,200
-
-		 2,100
2,100		 1,200
7,991
5,834		 2,100
15,925		 13,770
2023
£
1,200
1,200
2023
£
-
-
-
-

The average monthly number of employees during the year was nil (2023: nil). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise only of the trustees and there were no key staff(s) No total employment benefits was payable to key management for the year 2024 stated. as follows:

Page 14

Vine City International Notes forming part of the financial statements for the year ended 31 December 2024

Employer Pension
Wage & Salaries Contribution
2024
2023
£
£
£
£
Key Staff:
-
-
-
-
-
-
-
10. Tangible Fixed Assets
Office
Music
2024
Equip
Equip
Furniture
Total
£
£
£
£
Cost
At 1 January 2024
4,245
2,975
1,135
8,355
Additions in year
-
220
220
At 31 December 2024
4,245
2,975
1,355
8,575
Depreciation
At 1 January 2023
4,224
2,959
1,126
8,309
Charge for the year
8
4
58
70
At 31 December 2024
4,232
2,963
1,184
8,379
Net Book Value
At 31 December 2024
14
12
171
196
Net Book Value
At 31 December 2023
21
16
9
46
11. Creditors: Amounts falling due within one year
2024
2023
£
£
Accruals & Deferred Income
2,100
1,200
2,100
1,200
12. Debtors: Amounts falling due within one year
2024
2023
£
£
Debtors
3,500
500
3,500
500		 Employer Pension
Wage & Salaries Contribution
2024
2023
£
£
£
£
Key Staff:
-
-
-
-
-
-
-
10. Tangible Fixed Assets
Office
Music
2024
Equip
Equip
Furniture
Total
£
£
£
£
Cost
At 1 January 2024
4,245
2,975
1,135
8,355
Additions in year
-
220
220
At 31 December 2024
4,245
2,975
1,355
8,575
Depreciation
At 1 January 2023
4,224
2,959
1,126
8,309
Charge for the year
8
4
58
70
At 31 December 2024
4,232
2,963
1,184
8,379
Net Book Value
At 31 December 2024
14
12
171
196
Net Book Value
At 31 December 2023
21
16
9
46
11. Creditors: Amounts falling due within one year
2024
2023
£
£
Accruals & Deferred Income
2,100
1,200
2,100
1,200
12. Debtors: Amounts falling due within one year
2024
2023
£
£
Debtors
3,500
500
3,500
500		 Employer Pension
Wage & Salaries Contribution
2024
2023
£
£
£
£
Key Staff:
-
-
-
-
-
-
-
10. Tangible Fixed Assets
Office
Music
2024
Equip
Equip
Furniture
Total
£
£
£
£
Cost
At 1 January 2024
4,245
2,975
1,135
8,355
Additions in year
-
220
220
At 31 December 2024
4,245
2,975
1,355
8,575
Depreciation
At 1 January 2023
4,224
2,959
1,126
8,309
Charge for the year
8
4
58
70
At 31 December 2024
4,232
2,963
1,184
8,379
Net Book Value
At 31 December 2024
14
12
171
196
Net Book Value
At 31 December 2023
21
16
9
46
11. Creditors: Amounts falling due within one year
2024
2023
£
£
Accruals & Deferred Income
2,100
1,200
2,100
1,200
12. Debtors: Amounts falling due within one year
2024
2023
£
£
Debtors
3,500
500
3,500
500
2024
£
2,100
2,100
2024
£
3,500
3,500
1,200
2023
£
500
500

Page 15

Vine City International

Notes forming part of the financial statements for the year ended 31 December 2024

13. Net incoming resources for the year

This is stated after charging:
Depreciation
Accountancy Fees
14. Cash In Hand and at Bank
Natwest Bank		 2024
£
70
2,100
2,170
2024
£
13,270
13,270		 2023
£
15
1,200
1,215
2023
£
2,102
2,102

15. Analysis of Net Assets Between Funds

**General ** Designated Restricted Total
Funds Funds Funds Funds
£ £ £ £
Tangible Fixed Assets 196 - - 196
Current Assets 16,770 - - 16,770
Current Liabilities (2100) (1200)
Net Assets at 31st December 2023 14,866 - - 14,866
16. Movements in Funds At 1 JanuarIncoming Outgoing Transfers At 31 December
**2023 ** Resources Resources 2024
[Inc Gains]
£ £ £ £ £
Unrestricted Funds:
General Funds 1,447 29,344 (15,925) 14,866
Total Funds 1,447 29,344 (15,925) - 14,866

17. Transactions with related parties

During the previous and current year under review, the charity had no related parties transaction(s)

Page 16

Vine City International Income and Expenditure Account for the Year Ended 31 December 2024

Income
LESS OVERHEADS
Administration
Subscription
Telephone & Internet
Ministry
Donation
Media & Publicity
Welfare Gift
Missions
Professional Fees
Accountancy fee
Support Costs
Hotel & Travel
Depreciation
Motor Expenses
Sundry Equipment
Sundries
PPS
Books
Total Expenses
Surplus/(Deficit) for the year
Surplus Brought Forward
Surplus/ (Deficit) Carried Forward		 2024
£
29,344
582
-
582
-
100
400
6,909
7,409
2,100
2,100
2,889
70
-
2,598
34
67
176
5,834
15,925
13,419
1,447
14,866		 2023
£
11,340
423
45
468
-
-
200
7,830
8,030
1,200
1,200
1,190
15
1,647
99
99
99
25
3,174
(12,674)
(1,334)
2,782
1,448

This page does not form part of the statutory accounts.

Page 17