mailes Goldie
CHARIERED ACCOUNTANIS
Charity Registration No. 1087771
Company Registration No.04255960
(England and Wales)
Vineyard Music (UK) Limited
Trustees, Report and Financial Statements
For the year ended 31 December 2024
SD-0219091-1-6
108othgr.
ICAEW
CHARTERED
ACCOUNTANTS

Vineyard Music (UK) Limited
CONTENTS
Tru5tMs' rnport
2-10
Indopend•nt oxamlner8 report
11
Statsmont ol Flnancl81 Actlvltlos
12
Balance Sheet
13
Notss to th• flnanclal stat•monts
14-21

Vineyard Music (UK) Limlted
Trustees, Report
For the year ended 31 December 2024
The Trustees submit herewith their ￿ntieth Annual Report together with inspected flnancial statements for the year
ended 31 December 2024. The trustees have adopted the provisions of the Statement of RecOmme￿jed Practice
(SORP) "Accounting and Reporting by Charities. In preparing the annual report and flnancial ststements of the charity.
The finanaal statements have been prepared in accordance with the a￿O￿ntIng policies set out in notes to the accounts
and comply with the charity's governlng document. the Charities Act 2011 and Accounting and Reporting by Charities:
staten￿nt of Recommended Practlce appllcable to charities preparing thelr accounts in accordance wlth the FSnanclal
Reporting Standard applicable in the UK and Republic of Ireland publlshed In October 2019.
When plannlng the activiti8s for the year, the Trustees have consldered the Charity Commission guldance on the publlc
benefft, and, the Speclflc guldance on charities for the advancernent of religion to provlde publlc benefft.
Objectlves and Actlvltlos
The prlnclpal actlvlties of the Gompany are the promotion of knowledge of the Christian faith by sales of
Christian Ilterature and audlo materfal by mail order, the productlon of Christian worship songs and delivery of
training for the furtherance of the Chrlstian faSth.
Vlneyard Music (UK) Limited Is a non-profit. church-based worshlp mlnistry. By imparting the heart and actlvity
of worshlp through music, events atKI resources, we encourage people everywhere to pursue a deeper
relationshlp with God. All our Income is dlrecuy r&invested in furthering the development of worshlp In the
Church, alding in the 8stablishm8nt of new churches worldwlde and helplng to advance God's Klngdom.
Public Benefit
When planning the actlvltles for the year, the Trustees have consldered the Charlty Commlsslon
guldance on publlc benefit, and, the spedfic guldance on charitles for the advancement of rellglon to
provlde publlc benefit In the followlng areas:
Donatlons from surpluses for the estsblishment of new churches nationwlde",
11. Donatlons from surpluses for the funding of mission vrfork both in the UK and abroad;
111. Involvement in tralnlng, rasourdng and worship withln the Christian church in the UK and
further afield;
Iv. During the year contact has been made wlth the Vlneyard Natlonal Directors around the world
to giv8 away downloads of free music and chord Charts to churches and worshlp leaders In the
churches wlthin their territorie8.
Summary of Objectlves
The Company is established for:
l. The advancement of th8 Chrlstlan fatth by the docum8ntlng. recordlng and dlstribution by way
of printed, audlo, video. dlgltal and electronic medla of Christian worship music written and
composed prlmarlly, but not exclusively. within member churches of Vineyard Churches UK and
Ireland and the encouragement of church planting in the Unlted Kingdom;
11. The furtherance of religlous education by way of semlnars and Conferen￿8.

Vineyard Music (UK) Limited
Trustees, Report (continued)
For the year anded 31 December 2024
Objectives and Actlvltles (Contlnued)
Summary of OblectSves (continued)
iii. The relief of those who are in conditions of need or hardship or who are aged or sick and 10
relieve distress caused thereby In the United Kingdom or the world as the Directors may from
time to time think fit"
iv. Such other charitable objects and for the benefit of such other charitabl8 bodies and instltutions
as the Directors shall in thelr absolute dlscretion see fit.
Strategles for achieving objectives
All Income for the Charity is derived from the charitable oblectlves and aims using the following
strategies:
l. Sales Performance
Sales of CDS and Books contlnues to be managed by CLC Wholesalers through thelr Vlney8rd
Worship branded website, they send a portlon of these sales through each month.
11. Publlshlng Performance
The Trustees are pl8ased to report that the revenue from publlshlng and Ilcenslng royaltles
ontinues to form the majority 900h (2023 - 86.70/0) of the income of the company. Recelpts
during the past y8ar have been steady for publishlng royalties, whllst Label royaltles have been
slgnlflcantly higher. This year has been a good year, the new admlnistratlon of royaltles from
Integrity seems to be bearfng fruit. The Trustees are pleased with the resutts and are
encouraged that new partnershlp is working. With contlnual monitoring of the sltuatlon and new
material being r8leased in 2025 and our partnershlp wlth Integrlty Music and thelr songwrlters. It
is hoped that the publlshing Income remalns healthy, however with the nature of royalty
reporting it takes time for Ihe flows of money to be recelved. We continue to work with Vln8yard
Worship USA on our jolnt new song delivery website VlneyardSongs.com.
ill. Events
For the furtherance of rellglous educatlon of the wlder Church, events were held throughout the
year as follows:
Rather than one maln national worship leaders retreat this year, the event was spllt Into several
regional events. for tSme of communty. minlsty and V4r)rshipping together.

Vineyard Music (UK) Limited
Trustees. Report (continued)
For the year endad 31 December 2024
Objactlves and Actlvltlas (Contlnuad)
Grant Making
No grants wer6 made In the year.
Achlevemants and Performance
Product Development
1. No One Llke You - written during the 'Come Holy Spirlf natlonal worship gathering In June 2023, No One
Llke You Is a polgnant yet simple song of pralse, heartfelt and intlmate centring on the unparalleled
person of Jesus.
2. Real Thlng - 8 Worshlp slngle tsk6n from the forthcomlng EP 'Chrlst in All Things.. Wrltten In the season
of global lockdown by UK and Nordlc based songwriters.
3. Chrlst In All Things
6 song EP, made up of new materfal, wrltten jolntly by UK and Integrlty
songwriters, featurlng vocals from renowned voices from the UK and Ireland.
4. Stand Flrm
recorded Ilve at Dreamlng the Impossible festival for young people churches acrciss the
nation, the sing was an anthem for the festival and as a ￿mInder that God calls us to Stsnd Firm in him.
S. All the above EPS or 81ngle tracks were released on streaming platforms.
6. The website. vlneyardsongs.com Sn partnershSp wlth VM US continues to grow and Is becoming an
important r8source for worship leaders in the movement, the slte includes 'Song of the Month,, ch(yd and
lyrlc videos to all Vineyard Songs with translations, mp3's and lead sheets.
Plans for the Future
Product Development
i. Plan and develop up lo eight new songs and UK songwriters working in partnershlp with
Integrity songwriters.
11. Plan and develop the worship capturlng the essence of Dreamlng the Imposslble and Vlneyard
Leaders Gatherlng conferences.
111, To contlnue to grow the new Intsrnatlonal song wltlng venture wlth Integrlty.
iv. To contlnue to grow and develop the Intematlonal webslte of Vineyard Songs partnerlng wlth
Vlneyard Worship US and Canada.
Continued commitment to release new songs on all platforms.

Vineyard Music (UK) Limited
Trustees, Report (continued)
For the year ended 31 December 2024
Achlevements and Performance (contlnued)
Plans for the Future (continued)
Events
For the furtherance of r8llglous educatlon of the wider Church, further events are planned for 2025 as
follows..
1. Run a Song Summit (song wrltlng).
2. Run other Worship Retreats on a reglonal basis.
Resource Distributlon
i. CLC Wholesalers will u)ntinue to act as dlstrit)utor for Vineyard product in the UK.
Investment Propety
l. The Investment propety, 252 Cottlngham Road conunues to be fvlly occupled, and wlll
continue into 2025.
Contlnu8 to develop the partnership with a major Internatlonal Chrlstlan non-proflt organisation, the
basics of which are..
l. Belng a flve-year. renewable, jolnt venture. now enterlng Into year four.
11. Productions to be co-funded and co-publlshed and marketed,
111. Exclusive rlghts for publishing and dlstributlon.
To strangthen the board.
To sign a Memorandum of unders￿r￿Ing detalllng the appolntm8nt of trustees with three
board m8mbers from VCUKI and three independent trustees, the chalr of VCUKI will also be
the chair of VM UK Ltd.
The Memorandum of Association wlll enable the transfer of the slzeable free reserves bullt up
In Vlneyard Muslc over recent years to charitles with the same objectlves.

Vineyard Music (UK) Limited
Trustees, Report (continuad)
For the year ended 31 December 2024
Financial Review
Reseries Pollcy
The Trustees after due con51deration conslder that free resepdes of £150,000 should ideally b8
available. Thls sum equates to 6 months, worth of overhead expenses, the cost of major
recording projects and thelr marketlng. and a general contingency. At the year-e￿I free
reserv8s of £896,655 were available, excluding ￿strIcted funds, unrestrlcted r￿ed assets and
the investment property. 252 Cottingham Road. This has been arrived at after considering the
followlng elements and contlngencies:
1. Fluctuations of Income verses expenses - tradlng losses and nature and tlmlng of capltal
expenditure, historically Ihe Charty has had periods in any given year where losses may
cumulate durlng certain perlods of the year.
2. A period of decline or delay in income- sales and royatties,
3. Restructuring of the Charlty in the event of consistent reduced Income flows.
4. To fvnd new Income generdting Inftlallves, where such need or opportunity exists.
5. To remove the risk of insolvency.
6. Long term planning and opportunlty taklng.
7. The efflclent running of the Charlty with medlum and long-term d¢)wntums i.e., avoidSng the
need for short term declslons.
Investment Pollcy
i. The Trustees do not seek to hold other extemal Investments wlth surplus reseNaS.
Golng Concem
l. The trustees having consldered the charlty's reserves and bank balances have a reasonable
expectation that the company has adequate resources to continue In operational exlstence for a
period of 12 months from the date of approval of these financial statements and therefore have
prepared the flnanclal statements on a golng concem basls.
Strudurn, Governance and Management
Constltution
i. Tha Cornpany is limited by guarantee without share capltsl and Is a registered Ch8rlty. The
liability of the members is Ilmited to £1 each. Accumulated funds are not distrlbuted to the
members.
ii. The governing Instrument under which the Company operates Is Its Memorandum and Articles
of Association, last amended in September 2005.
lil. The Trustees are treated as dSrectors for Companles Act purposes.
Trustees
Introduction - the process of selectlon and inductlon of Trustees:
This goes hand in hand. hen￿ our Trustses would typically be Christian I Church leaders of some
standing and repute. Additionally, they would have become familiar wlth the workings and business of
Vlneyard Music (UK) Limited through attending recordings, conferences, and business meetings.
Also, they would be checked to see that they are in good standing as follows:
l. They are not an undischarged bankrupt.
11. They have not been convicted of any offence Involving dlshonesty or deception.
iii. They have no criminal record.
iv. They are not banned from the Charlty Commission in the UK.

Vineyard Music (UK) Limited
Trustees, Report (continued)
For the year ended 31 December 2024
Structure, Governance and Management (contlnued)
v. They are not subject to a disqualificatlon order under the Company Directors Disqualification
Act 1986, nor to an order made under section 429 {2)(b) of the Insolvency Act 1986.
vi. They have not been removed from being concerned in the management or control of anybody
under Sectlon 7 of the Law Reform (miscellaneous Provisions) (Scotland) Act 1990.
vii. They have not been removed as a Trustee by the Charity Commission or the High Court.
Induction process- all new Directors l Trustees are Supplied with the followlng:
l. Recent financlal accounts.
ii. Overview of the business.
ill. Articles and Memorandum of Association.
iv. Staff handbook.
v. Health and safety I rlsk assessments.
vl, I nduction talk and orientation covering the practical aspects of the Charlty's objectives:
vll. By way of informatlon our current Trustees are mostly all Senlor Leaders of Churches wlthln the
Vlneyard Churches UK & Ireland Denomination. In the selection of future Trustees, we will seek
to flnd candidates of suitable professional ability add￿lOnallY combined with an empathy
towards churchmanship and Christian worshlp.
Role descrlption
the prlmary descrlptSon of the role of Trustees is to dlscharge thelr duties in the
fulfilment of the objects of the Charlty in a good and timely manner to the satisfaction of the Charlty
Commission. They are required to:
l. Attend the AGM.
11. Attend Board meetlngs.
ill. Receive and comment on the Charlty8 quarterly report (including finances);
iv. Be avallable to the management of the Company for ad hoc dlscussions as required from lime
to tim8.
v. To try and keep themselves up to date about governance of Charitles In the UK.
vl. Periodically review and modlfy policles and procedures of Vlneyard Music (UK) Limited.
vll. Execute the dutles of being the overall employer of Vingyard Muslc (UK) Llmlted.
Organlsatlon81 structure
l. The support staff report to the Chair, who reports to the Board of Trustees. The Director of
Production and Publlshing report8 to the Director of Worship.
Relatlonships
l. The Trustees note the continued relationship between the Vlneyard Churchas UK & Ireland and
Vlneyard Muslc (UK) Limited.
ii. Communication continues to be a priorlty this year to churches and to the worship leaders In the
movement through regular updates, newsletters and email notes, includlng working closer with
the Communicatlons Dlrector of Vineyard Churches UK & Ireland.
iii. It is noted the growing working relationship with the song writers In the UK and Integrity song
writers continues to be a priority.

Vineyard Music (UK) Limited
Trustees, Report (continued)
For the year ended 31 December 2024
Structure, Governance and Management (contlnued)
Relationshlps - others
i. Vlneyard Music (UK) Ltd is commltted to forrning new and strengthenlng existing partnershlps
with organisatlons that share slmllar values. We see th8s8 partnerships as being key In helplng
the furtherance of religious education of the ￿der Church and also In strengthening unSty within
the Church. Industry wider relatlonships have been developed through attendance at th8 CMPA
(Christian Music Publishers Association) meeting bwice a year.
11. Vlneyard Music (UK) Ltd contlnues to be committed to working with Vln8yard Churches UK &
Ireland and will endeavour to strengthen relatlonshlps with Vineyard Churches throughout th8
UK.
iii. Vlneyard Muslc (UK) Ltd continues to work dosely wlth Wineyard Worshlp US in developlng the
best ways to connect in each otherfs markets.
Iv. Working wlth Integrlty as 8 commerclal and artlstlc partner wlll only strengthen the scope of
Vineyard Muslc UK Ltd reach.
Rlsk Assessment Statement
The Trustees have reviewed tho rl8k8 assoclated wlth the Charlty. The main rlsks Identified are
Incapacity of staff. computer fallure. health and safety and fire Issues. The followlng steps are in
place to mitlgate them..
1. Incapaclty of the key slatr, In the short term the board wlll taka over the rnanagement of
Vineyard Muslc (UK) Limlled whilst they seek and appolnt new staff.
2. Incapaclty of the Finance Manager, inltlally to be covered within the offlce by the Treasurer
to the Hull Vineyard Trust, followirKJ procedures lald down in the gulde, whllst the board seek
and appoint a new Flnance Manager.
3. Incapaclty of other staff members. inltialty covered wlthln the offlce untll new staff memb8r8
appolnted.
4. Computer fallure; cloud based stored off-site, finances backed up daily onllne, database
backed up every week and using web-based storage facilitles.
5. Bullding failure; Insurance contents. The office5 are based at a Busln8ss Park off Clough
Road, Hull. The stsff would work from home In the Interim until new premlses are found.
6. Cyber Protectlon - to protect systems against unauthorised access we have drafted a cyber
protection pollcy that requlres all staff and volunte&rs to keep devSses passwords protected,
protected by antl-virus sofhvare and updated with security updates and only used on secure
network.
Restricted Funds
Restrlcted funds have arisen because restrickns have been placed on incomlng resources.
The worship retreat offering is restrlcted to the establlshment of a Youth Worship Academy.
Personnel
i. There are no employees for Vlneyard Music (UK) Ltd.

Vineyard Music (UK) Limited
Trustees, Report (continued)
For the year ended 31 December 2024
Reference and Admlnlstratlve Details
Reglstered name and other working name:
l. Vineyard Music (UK) Limited Va Wineyard Worshlp UK & Ireland
Offlclals and advisors
Trustees
J Cook
D Wright
T Blrd
A Farrell
C Slllito
N Elliot
Appolnted June 2024
C Whitelock Appolnted June 2024
K Hurst
Appolnted June 2024
Resigned November 2024
Reslgned June 2024
Reslgn8d June 2024
Company Secretary
P 8 Masters
Reglst•rod Offlce
Unlt 8, K3 Business Park
200 Clough Road
Hull
HU15SW
Bankers
Royal Bank of Scotland
10 Sllver Street
Hull
HU11JE
HSBC
84 Hlgh Street
Scunthorpe
North Llncolnshire
DN15 6HQ
Flagstone Group Ltd
1 St Floor, Clarevllle House
26-27 Oxenden Street
London
SW1Y 4EL
Sollcltors
Forresters Ketley & Co
Sherbourne House
119-121 Canon Street, London
EC4N SAT
Independent Examlners
Smalles Goldie Chartered Accountsnts
Regent's Court
Princess street
Hull
HU2 8BA
Reglstered Charlty Number
1087771
Companlas House Number
04255960
Country of Incorporation
England and Wales

Vineyard Music (UK) Limited
Trustees, Report (continued)
For the year ended 31 December 2024
Statement of Truste•s' rosponslbllty
Charity and company law requlres the Board of Trustees to prepare financial statements for each tlnanclal year,
which give a true and falr vlew of the state of the affalrs of the Charity, and Its incAJming and outgoing resources
for the period. In preparlng those financlal statements the Board of Trustees should follow best practlce and are
required to.
Select sultable accountlng pollcles and apply them consistently.
- Mak8 judgements and estimates that are both reasonable and prudent.
- Comply with relevant accounting Standards arKI glve clear explanation If they are departed from.
- Prepare flnanclal ststements on a golng concem basis.
Ttr￿ Board of Trustees Is responslble for maintainlng proper accountlng rècords. whlch dlsclose wlth reasonab18
accuracy at any time th8 financial posltion of the Charity (sultable for publI￿tion> and to enabl8 them to comply
wilh relevant legislatlon current at that time. They must also see that the Charlty 18 operatlng effidently and
effectlvety while safeguarding the assets against fraud or theft.
Thls report has been prepared taking advantage of Ihe small company's ex8mptlon under the Companles Act 2006.
y ordor of the Trustsos
C Sllllto
Trustee
14 May 2025
10

Vineyard Music (UK) Limited
Independent Examiners, report
To the trustees of Vineyard Music (UK) Limited
I report to the charity trustees on my examinatv)n of the accounts of the comp8ny for the year ended 31 De￿rnber
2024 which are set out on pages twelve to twenty-one.
Responsibilitles and basls of rèport
As the charlty trustees of the company (and also its directors for the purposes of company law) you are responsible for
the preparatlon of the aGcounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not requlred to be audlted under Part 16 of the 2006 Act
and a￿ eligible for independent examination, I report in respect of my examination of your company's accounts as
carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrylng out my examination I have followed
the Dlrectlons glven by the Charity Commission under section 145(5)(b) of the 2011 Act.
Indgpendent oxamlnerfs statement
Since the company's gross income exceeded £250.000 your examiner must be a member of a body11sted In section
145 of the 2011 Act. I confirm that l am quallfied to undertake the examinatlon because l a member of the Instltute of
Chartered Accountants In England and Wales, whlch Is one of the Ilsted bodles.
I have completed my examination. I conflrm that no matters have cotne to my attentlon in connection wlth the
examlnation giving me cause to believe that in any rnaterial respect:
accountlng records were not kept In respect of the company as required by sectlon 386 of the 2006 Act; or
the accounts do not accord wlth those records. or
the accounts do not comply wlth th8 accountlng requirements of section 396 of th8 2006 Act other than any
requirement that the accounts give a 'true and falr view, which is not a matter considered as part of an
independent examination. or
the accounts have not been prepared In accordance with the methods and principles of the Ststement of
Recommended Practirx for accountlng and reporting by charitles applicable to charities preparing thelr accounts
In acc(Ydance with the Flnancial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102).
I have no concems and have come across no other mattars In connection wSth the examlnatlon to whlch attentlon
should be drawn in thls report In order to enable a proper understanding of the accounts to be reached.
Signed:
Stephen Bramall Bsc FCA
for and on behalf of Smalles Goldie Chartered Accountants
Regent's Court
Princess Street
Hull
HU2 8BA
Date: 14 May 2025
11

Vineyard Music (UK) Limited
Statement of Financial Actlvlties
Including Income and Expenditure Account
For the year ended 31 December 2024
Total
Restricted
2024
Total
Unrestricted
2024
Total
2024
Not08
2023
owm
Charltable activitles
379,132
379,132
357,275
Invèstsnents
42,664
42,664
40,425
0th8r
2,003
2,003
9,914
Total
423 799
423 799
407 614
Ex
end
ture on:
Charltable actlviti8S
243,108
243,108
236,166
Total
243,108
243,108
236,166
Net Incorn￿ (exp8ndlture)
180,691
180,891
171,448
Tran81er betwoen funds
Not galn8 on Inve8tmonts
11
(41,600)
(41,600)
16,876
New movoment In funds
139,091
139,091
188,324
Fund balances at 1 January 2024 14
6,302
1,204,762
1,211,064
1,022,740
Fund balances at 31 December
2024
14
6,302
1,343,853
1,350,155
1,211,064
The Statement of Flnanclal Actlvltles also complies wlth the requlrements for an income and expendlture account
under the Companies Act 2006.
All the company's activities are classed as continuing.
The notes form part of these financial statements
12

Vineyard Music (UK) Limited (Charity Registration No. 1087771)
(Company Registration No. 04255960)
Balance Sheet
As at 31 December 2024
Note8
2024
2023
Fixed assets
Tangible assets
10
2,198
4,610
Investrnent Propety
11
445.000
447,1 g8
486.600
491,210
Curront a550ts
Stock
7,245
7,322
Debtors
12
47,067
587.837
52,664
Investments- cash deposlts
100,000
Cash at bank and In hand
262.814
577,315
904,963
737,301
Credltors: amounts falllng due
wlthln one year
13
Net current assets
902.957
Total as89ts less current
Ilabllltles
1350155
1211064
Reserves
Restricted funds
Unrestricted funds
15
15
6,302
1,343.853
1350 155
6,302
1204 762
1211064
For the period ended 31 December 2024 the company was entitled to exemption under section 477 of the
Companles Act 2006.
The members have not requlred the company to obtaln an audlt In a¢¢ordance wlth sectlon 476 of the Companles
Act 2006.
The Trustees acknowledge their responslbllity for comptying wrth the requir8m8nts of the Act with respect for the
preparation of accounts ensurlng:
that the accounting records comply wlth Secllons 386 and 387 of the Companies Act 2006 and
prepare financial ststements which glve a true and fair view of the state of affalrs of the company as at the
end of each financial period and of Its surplus or deficit for each flnancial period in accordance wlth the
requirements of Sections 394 and 395 and which comply with the requlrements of the Companies Act 2006
relaling to flnanclal ststements. so far as applicable to the company.
The accounts were issued, authorlsed and approved by the Board on 14 May 2025 and slgned on ils behalf by:
1)
2)
C Sillito
Trustee
The notes form part of these financial statements
13

Vineyard Music (UK) Limited
Notes to the flnancial statements
For the year ended 31 December 2024
1. Accounting policles
a) Statement of compllance
Vineyard Music (UK) Ltd is a company limited by guarantee and registered as a charity In Englandmlales. The
address of the registered office is given in the charity infonnation on page 9 of these financial statements, The
nature of the charity's operations and principal activities are set out in the Report of the Trustses on pages 2
to 10.
The charity constltutes a public beneftt entty as defined by FRS 102. The financial ststem8nts have been
prepared in accordance with Accounting and Reportlng by Charities.. Ststement of Recommended Practice
applicable to charltles preparing their accounts In accordance with the Financlal Reporting Stsndard
applicable in the UK and Republic of Ireland Issued in October 2019, the Flnancial Reportlng Standard
applicable In the Unlted Kingdom aThJ Republic of Ir8land (FRS 102), the Charltl8s Act 2011 and UK Generally
Accepted Accountlng Practice.
The financlal statements are prepared on a golng concern basls under the historlcal cost convention. modified
to indude certain items at falr value. The financial statements are presentsd in sterllng which Is the functlonal
currency of the charlty and rounded to nearest £1.
The slgnlflcant accountlng pollcles applled in the preparatlon of thes8 flnancial statements ar8 Set out below.
These pollcies have been consistently applled to all years presented unless Otherwise stated.
The financlal statements have been prepared on a golng concern basis as the trustses belleve that no
material uncertainties exlst. The trustees have considered the level of funds held and the expected level of
income and expenditure for 12 months from authorising these financlal statements. The budgeted Income and
expendlture is sufficient wlth the level of reserves for the charity to be able to continue as a golng concern.
b) Incomlng resource8
Charitable activities..
Royalties- income from royaltles 58 accounted for on an accruals b8SiS.
S81e of goods - sales are accounled for on an accruals basis.
Investment- Interest earned on bank depos5ts and rental income are recognlsed on an 8ccrual's basls.
Other- Commission sales from CLC Wholesalers are recognised on an accruals basis.
All Income Is recognised net of VAT.
c) Resources expended
All expenditure is shown gross and Is accounted for on an accrual's basis. For accounting purposes
expendlture is allocated as follows:
Charitable expendlture
Charity.
all direct charitable expenditure relates to the operallon of the activltles of the
14

Vineyard Music (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
1. Accounting pollclas (contlnued)
c) Resources expended (contlnued)
Govemance - costs relatlng to the general running of the Charity and governance Infrastructure.
Costs connected with the property, which the Charity used for Its own occupatlon untll 181h August 2017 are
included in designated funds, all other outgoing resources are included In unrestricted funds.
Support costs are not apportioned as the Trustees are of the opinion that the Charitable company only has a
slngle charitabl8 activity.
d) Grant maklng pollcy
Grants are made in accordance with th8 Memorandum of Assoclatlon to charftsble organlsations both In the
UK and overseas for the furtherance of the kingdom, church plantlng and rellef of those In conditlons of need
of hardshlp as the Trust8es from time to tlme thlnk fit.
•) Tanglble flxed assets and depreclatlon
Tanglble fixed assets cosling more than £500 are capitsllsed and Included at cost Including any incidental
expenses of acquisition, other than donaled freehold land and bulldings whiGh is included at valuation at the
date of the donatlon. The charitable Company carries out annual Impairment reviews where there is indlcatlon
that the carrylng amount of an asset may not be recoverable. Depreclatlon Is provlded on all tangible flxed
assets other than land at rates calculated to wrlts off the cost or revalued amount on a straight-line basis over
thelr expected useful economlc Ilves as follows:
Office equipment
Flxtures and fittings
Computer equipment
4 years
4 years
2 years
Key accountlng •stlmates, Judgements and assumptlons
Accountlng estimates, by d8finltlon. wlll often vary from the actual results. They are contlnually evaluated and
are based on historlcal experience and other factors, including expectstlons of future events that are deemed
to be reasonable under the clrcumstances. The nature of the estimates and assumptions that have
slgnificant rlsk of causing a matsrlal adjustment to the carrying amounts of assets and liabilitles withln the next
year are addressed below. The carrying amount of th8 estimates and assumptlons at the year-end are
disclosed In the relevant note to the accounts.
Useful economic lives of tanglble assets=
The annual depreciation charge for tanglble assets Is sensitlve to changes in the estlmated useful economlc
lives and residual values of the assets, which are re-assessed annually. They are amended when necessary
to ret]ect cu￿ent estimates, based on technological advancement, future Investments, ecoTK)mlc utlllsatlon
and the physical condition of the assets.
Valuation of investment property:
The investment property is held in the balance sheet at its open market value. The trustees consider thelr
valuation to fonn a critical judgement. Full details are provided in note 11.
g) Stock
Stock is valued at the lower of cost and net realisable value The closing stock figure relates to the value of
stock held on conslgnment wlth CLC Wholesalers. Sales of this stock are reported on a monthly basis.
h) Forelgn currencles translation
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary
assets and liabllities are retrans18ted at the rate of exchange ruling at the balance sheet date. All dlfferences
are taken to the Statement of Financial Aclivitl8S.
15

Vineyard Music (UK) Limited
Notes to the financlal statements (continued)
For the year ended 31 December 2024
. Accountlng policies {contlnued}
l) Accumulated funds
Funds held by the Charity are either:
Unrestrictsd gener31 funds - these ar6 funds which can be used In accordance with the charitable objectives
at the dlscretion of the Trustees.
Designated funds - these are funds s8t aside by the Trustees out of unr8Strictsd general funds for speclfic
future purposes or projects.
RestriGt8d funds - these are funds that have been recelved, wlth a restriction to thelr use, this is generally from
an offering taken at the Natlonal Worship Retreat.
Further explanatlon of th8 nature and purpose of each fund Is included In the notes to the finandal
ststements.
J) Flnanclal Instruments
The Charity has adopted sectlon 11 of FRS 102 in respect of financial Instruments.
Short term debtors are measured at transaction price, less any impalrment. Short term credltors are measured
at transactlon price.
k) Investments
Investments are statsd at market valu8. Investments In property are revalued annually by the Trustees, arKI
any gains or losses on investments are recognised in the Statement of Financlal Activities.
Current asset investments comprlse term bank deposits reallsable withln 12 months and whlch are held to
generate interest income.
2. Incomlng r•8ources from charltable actlvltl•s
Incomlng resources from charltable acttvitles relats to sales and royalty income through the 5ale8 of Chrlstlan
literature and audio materials as follows:
Restrlcted
Total
2024
Unr6strlcted
Total
2024
Total
2024
Total
2023
Royalty
income
Retail sales
Conference
income
Conference
offerlng
377,545
377,545
355,959
1,587
1.587
1,316
379 132
379 132
357 275
The p8rcentage of retail sales attribulable to geographical markets outside the Unlted Klngdom was NIL% (2023 -
Nil).
Royalty income attrlbutable to geographical markets outslde the United Kingdom was 1 OOYO (2023 - 99.8%).
16

Vineyard Music (UK) Limited
Notes to the flnancial statements (continued)
For the year ended 31 December 2024
Investrnent Incoma
Unrostricted
Total
2024
Total
2023
Interest recelvable
Rentsl income
7,923
34.741
1,425
4. Other Incomlng resources
Unrostrlct•d
Total
2024
Total
2023
Other Income
2,003
9,914
S. Total resources •xpended
Staff
costs
Other
costs
Tolal
2024
Totsl
2023
Deproclatlon
Direct charitable expenditure
Governance
Support costs
Total resources expended
219,807
2,675
18,214
240,696
219,807
2,675
20,626
243,108
213.328
1,655
21,183
236,168
2,412
2,412
Governanc• costs
2024
2023
Independent Examlner's fee
Sundry
1,560
1,115
1,475
180
17

Vineyard Music (UK) Limited
Notes to the flnancial statements (continued)
For the year ended 31 December 2024
6. Trustees and related partles
The income and property of the Company shall be appliad solely towards the promotion of its objects as set forth
in the Memorandum of Association. No portion thereof shall be paid or transferred, directly or indirectly, by way of
dividend, bonus or othe￿iSe howsoever by way of profiL to members of the Company. Unless prior written
authorlty of the Charfty Commisslon has been obtained no rnember of Its Board of Dlrectors shall be appointed to
any office of the Company pald by salary or fees or receive any remuneration or other benefit in money or
moneys worth from the Company.
Vineyard Churches UK & Ireland is a related party due to bNO of the five Trustees of Vineyard Music (UK) Llmlted
also belng a Trustee of Vlneyard Churches UK & Ireland. Vineyard Churches UK & Ireland reimbursed expenses
totalling £332 (2023 - £120) to Vineyard Music (UK) Limlted. During the year the charlty recharged expenses to
and passed on income due to Vlneyard Music (UK) Ltd totalling £10,705 (2023 - £4,296). At the year end the
company owed Vineyard Churches UK & Ireland £NIL {2023- £NIL).
Hull Vlneyard is a related paty due to one of the five Trustees of Vlneyard Muslc (UK) Llmlted al80 being a
Trustee of Hull Vineyard. No transaction took place between the two charities.
7. Employoos
There are no employe88,
8. Taxatlon
The Company Is a registered Charty and under the provlslon of the Corporatlon Tax Act 2010 Is exempt from
taxation.
9. Not movement In funds18 arrlved at after charglngl (credltlng):
2024
2023
Indep8nd8nt Examination f88
1,560
1,475
Foreign exchange losses
Depreciation
18

Vineyard Music (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
10. Tangible fixed assets
Cost
Computers
Office
Flxtures
Fittings
Totsl
Equlpment
As at 1 st January 2024
Addltions
8,336
27,996
9,646
45,978
Disposals
Adjustments
as at 31st December 2024
27,996
Accumulated depreciation
as at 1st January 2024
charge for period
Elimlnated on disposal
Adjustments
8,336
27,996
5,036
2,412
41,388
2,412
As 8t 318t December 2024
Net Book value
As at 31 st December 2024
2,198
2,198
As at 31 st December 2023
4,610
4,610
19

Vineyard Music (UK) Limited
Notes to the financial statements (continued)
For the year ended 31 December 2024
11. Investmant Property
Proporty
Total
Cost or valuatlon
As at 1 st January 2024
486,600
486,600
Addltions
Disposals
Revaluation
Falr value a8 at 311t Decernbgr 2024
41.600
445.000
445 000
All Investment assats are held to provide an inve8lment retum and all Investment assets are held within the UK.
Investment propertles vRre valued by an independent evaluator on 111h November 2024, Garness Jones. The
valuatlon was based on rentsl Income yields and comparlson to slmilar slze properties In the local area.
Investment properties are Included at faSr value. Galnsl Losses are recognis8d In the statement of financlal
activitie8.
12. Debtors
2024
2023
Trade debtors
VAT
Prepaymant
45,705
762
600
47.067
50,495
296
1,873
13. Cradltors: amounts falllng due wlthln one y•ar
2024
2023
Other creditors
Accruals
17.447
2,006
20

Vineyard Music (UK) Limited
Notes to the financlal statements (continued)
For the year ended 31 December 2024
1& Net incomlngl{outgolng) resources for the year
Balance at Incomlng R￿ourCeS
1 January
r•8ources
expended
2024
Transfer
botween
funds
Net galn on
Investments
Balance at 31
December
2024
Restrfcled fund
Unrestrlcted fund
6,302
1,204,762
6,302
1,343.853
423,799
(243.108)
(41,800)
1,211.064
423.799
(243,108)
(41,600)
1,350,155
The unrestricted funds repres8nt the free funds of tha Charlty whlch are not designatsd for particular purposes.
The restricted funds darlved from the offerlng tskan at the Natlonal Worship Leaders Retreat in March 2019 and
re8trlcted to the establishment of a Youth Wor8hlp Academy.
15. Analysls of net assots botween funds
Restrlct
funds
Unre8trlcted
funds
Total
Fund balances at 31 December 2024 are
represented by:
Tangible ftxed assets
Investment propety
Current assets
Creditors falling due wlthln on8 year
2,198
445,000
898.661
2,198
445.000
904,963
2.006
1350 155
6,302
1343 853
21