2022-03-31-accounts

Grand Union Wineyafd Church Milton Keynes Charlty No. 1090567 Company No. 04301421 Trustees. Report and Unaudited Accounts 31 Marth 2022 •ABJSIUDF* 2Y12r2022 COklPANIES HOUSE A29

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Grand Unlon Vlneyard Churth Milton Keynes Contents Pages 2to9 Trustees, Annual Report Independent Examiner's Report Statement of Financial Attivities IOtolO litoii Summary Income and Expenditure Account Balance Sheet 12to12 13to13 Statement of Cash flows 14to14 Notes to the Accounts 15to22 Detailed Statement of Financial Activities 23to25 Page I

Grand Unlon Vlneyard Churth Mllton Keynes Trustees Annual Report The trustees. who are also dirertors of the charty for the purposes of the Companies Act 21X)6, present their report with the unaudtted financial statements of the Charity for the year ended 31 March 2022. REFERENCE AND ADMINISTRATIVE DETAIiS Company No. 04301421 Charity N￿ 1090567 Re8lstered Oflke Netherfield Chapel Broadlands Netherfield Milton Keynes MK64YP Directors and Trustees The Dirertors of the charitable company are its Trustees lor the purposes of charrty law. The following Oirectors and Trurtees served during the year: Christopher Robert Desrnond Morley- Senior Pastor Oluwatuminu Omoniyi Balogun - Treasurer Nicholas Edwn Freer David Cooper David Nicholas Lee Natslie-Louise Burnapp Graham Edward Crusoe Dunn (Co-opted) Accountanls Trackrecords Management Services Limited The Farthing Enterprise Unit 10. 39 Farthing Grove Netherfield Milton Keynes MK64JH Page 2

Grand Union Vlneyard Church Milton Keynes Trustees Annual Report Overview Grand Union Vineyard Church continued to operate in 2021122 out of Netherfield Chapel. Key events within the period under review were the Covid-19 and Afghan refugee crises. Over this period. in-person, Sunday services were resumed and most ministries reopened fully. albeit with Covid-safe measures in place. Chri5 Morley continued to lead the church through 2022 and set the direction of the church building a leadership team that will lead the church into the future. DespFte the wider challenges faced, we have continued to serve our cty. Alms and Purposes The trustees of Grand Union Vineyard have the responsibilty for the general control and management of the administration of Grand Union Vineyard Church and the achievement of tts aims and purposes (connect. grow and setvel. To this end the Trustees work with the Senior Pastor. pastoral staff. and leadership team. Additionally, within these responsibility. trustees are also responsible for the upkeep and maintenance of the Netherfield Chapel buildin& Broadlands. Milton Keynes. OBJECTIVES AND AcfiviTIES We believe that the callin8 of Jesus is to love th0￿ around us, and we have the privilege of serving the least, the last and the lost within Milton Keynes and the three counties region. We do not discriminate according to ethnicity, gender, sexuality, or background. We are in the business of transformation and seeing people come into a living relationship with Jesus. Our broad aims continue to be the following: • CONNECT- sharing the good news of Jesus ChrisL GROW- equipping and discipling folbwers of Jesus Christ. • SERVE - practically showing the love of Jesus to those around us. Our vision statement is. 'to be a worshipping community where anyone can encounter God and become more whole while serving others.. Achlevements and Perforrnan l. Sharin ood news of Jesus Christ We welcome those of all faith5 or none. and from every back8rouiid wlio wish to Visit us or make U￿ of, or engage in. the activities of the Church including the Storehouse. Community Fridge. wellbeing morning5, art journaling and other public events. We continue to welcome people who have had little or no previou5 interaction with the church. During the year church members continued to share the transforming power of Jesus and his gospel with compassion and Renerosity through ministries includin8= Pa8e 3

Grand Unlon Wineyard Church Mllton Keynes Trustees Annual Report Giving out coffee & food on Sunday • Alpha courses (online and in-personl • Small groups blessing the community Wellbeing events Coffee morning5 1 virtual coffee mornir Online social events Community Fridge MK Storehouse In 2021122,we continued to feel the impact of the global cov￿-19 pandemic. Whilst we were able to restart many ministries in-person, we still have not returned to the pre-covid numbers, and are finding that people are reticent to volunteer for the ministries they were previously involved in. We were extremely cautious with the reopenin8 of services and ministries. We continued with restricted attendance at services well after the government advice had changed. As our church has several elderly and vulnerable adults who attend in person events, we wanted to protect them. There are still those who prefer to attend on Zoom. Our services continue to be held at Netherfield chapel. During this period, we introduced a monthly'exploring worship, service. This was a time to experiment with other forms of worship. We explored forest church, Celtic worship. art as worship and other creative expressions of worship. These proved popular and we will continue to experiment. Union Groups have ￿0pened in-person. but most have opted for a hybrid setup. During the period under review. we opened two new cell groups. We recognise the cruc￿[ natu￿ of cell groijps in that they create an environment for more personal support and discipleship. During the period of reopening, we provided several social events to create a safe environment where people could start ￿lating in person. A particular season when we focused on this. was during the summer break. During this time, we closed services for four Wee￿ and hosted socials that were open to members. We also invited non-members to join in. We continue to explore option5 of reopening a youth ministry. The children's ministry. although small, has continued to be a blessing to those attending. Over5eos During the year we provided support to the ovetseas projects shown below, who share our aim to share the good new5 of Jesus Christ. through artivities which range from running prayer Bfoup5 to giving financial support: The Eagle Projett lin Brazill Hope for Justice . disci In Each Sunday we have continued to run the morning service, which seeks to equip, teach, and disciple chur members and those who visit. We continue with the ethos of an informal and relaxed atmosphere. We have had new members join LS5 both online and in person durin8 this period. We condurted baptism during this period. These baptisms included some of our youth. Children's church Continues to be part of the Sunday services, and we continue to incorporate children's activities in the main service. Page 4

Grand Union Vineyard Church Milton Keynes Trustees Annual Report Unior¢ groups are a place to discuss Sunday teaching. support each other in discipleship and equip each other. Therefore, members are encouraged to join a group. We continue to seek ways to serve all sections of the community ¢reatNely. The range of compa55ion ministries we support is diverse. and during the year included- • MK Storehouse: the MK storehouse exists to give clothes to those who have little and a place where they feel welcome and loved, • Community Fridge- providing free, fresh food donated by the local supermarket to those that need it and reducing the amount of food wastage going to the landfill, • Wellbein8 Mornin85'. providing a safe and welcomin8 place for people over sixteen to get rest from the chaos of life and have time to be refreshed arKI pampered. • Art Journaling.. providing a Pla￿ where people can socialise and share a time of refreshing and expressing themselves through art. • Wise Ones: this is a group that meets to provide company for people who are isolated, HE Café.. we provide space for home-educating Pa￿nts ai)d children to socialiJe. Thir inC￿ded Neuro-Diverse Children. MKStorehouse 202112022 wa5 a busy year for MK Storehouse. With the challenges of Covid-19. workin8 prattice5 had to adapt to comply with governrnent regulations. whilst ensurin8 those in need were provided for. We liaised with Milton Keyne5 Council and other local charities to coordinate a system where emergenry clothing packages were made available for collettion and distribution to those that needed them. As a result of working more closely with the local council, we have been invited to join the charity hub and other first-response organisations. This will house organisations In a puryu￿b￿lIl building, so that we may work more effectively to seNe those in need by providing a 'one-stop shop. for those needing services. Despite the challenges of Covid-19, our reach has increased. Our annual uniform event in August provided clothing for 554 local school children. This is an increase of IO% from the previous year. The next month, we saw around 600 Af8han families arrive in Milion Keynes with little else but the clothes they were wearing. Plans We￿ quickty PLrt into place to help these families. In the year 202112022, 2148 individuals have been helped by the MK Storehouse. This is an increase of 75% frorn the previous year. Community Fridge Community Frid8e continued at our building in Netherfield. with food donated from local supemiarkets. In the period under review, we had 6240 visits and dNerted seventy-two tons of food waste from landfills. Thi5 has had a positive impact on our local community by helping provide free food to those that are in need and reducing the amount of food waste going to landfills. The Community Fridge was awarded the Spirit of Woughton award. The awards are given by the Woughton Communty Council in recognftion of outstanding ServI￿S to the local community. This success is due to the hard work of the amazing volunteers that run the Comrnunity Fridge. They deserved this reco8nition. It must be noted that with the cUT￿nI cost of livine crisis, we are seeing an increase in the number of guests to The Community Fridge. This increase includes many familie5 who are in fvll-time employment as well as f?milies on benefits. Pa8e 5

Grand Unlon Wineyard Church Mlltan Keynes Trustees Annual Report Choritttble Portners Vineyord Churches UK & Ireland connects thurthes with common values and practices, provides spiritual guidance and oversight to Vineyard church leaders and facilitates new church planting. We use the name Vineyard with their permission and gNe them 5% of our voluntary income and trading profits. HopeforJustNce is an anti-human trafficking organisation working to uncover and abolish the hidden crime of modern-day slavery. As a non-governmental organisation INGOI they gather intelligence and assist in the process of removing victims from exploitation within the UK. Human trafficking is not someone else's problern. It is happening in our commLJnities. in our neighbourhoods. in our country. The Eogle Pmjert- after many years working with street children in Brazil. George and cal￿ founded the Eagle Project in 2006. Based on the principles of restorative jurtice. George. Callie. and their team use psychodrama. meniorin& toaehing, and counselling to equip young offenders to reintegrate into families and communities upon their release and avoid reoffendin8. Bridge Builder Trust MK.. We ore o Chnstion chority thot hos been working in the primory ondsecondury schools of MNlton Keynes since 1992. Foced with rising demondforour work across rts one hundred plus schools. our vision is of a Trust thot con meet the chollenge ofsupporting the personol, socit71, morol. ond spiritual development of children ondyoung people in our growin9 tity. FINANaAL REVIEW The management accounts show an overall Net Expenditure lther Income) of £13,959.40 for the year (excluding depreciation). However. the financial accounts show a Net expenditure of £15.274 because it takes depreciation into account. The total income in the year, at £79K shows a 31% drop in income on last year. Agait)st this, the￿ is an apparent increase in expenditure of £7K. Some of this expenditure however relate and match with income received in previous years. Nevertheless. this year has recorded a net expenditure as a result. The principal source of income was from unrestricted givin& totalling £67,417 in the year. This monthly income averaged at £4,500. peaking at £9,700 in September 2021. All grftings were signtficantly less than expected altho¥J8h we had an unbud8eted. unexperted income of £8,500 from general restricted giving. The income this year was £35K less than prior year and was driven lar8eby by reduced 8rant applications and the loss of members with the closure of the Monkston Campus. people readjusting their lives after Covhj and with some moving awav. Main costs reduced in the year except for two class of costs. one of which is salaries which have expettedly increased by £3,500 with the withdrawal of government funding. The other increase in expentjiture, compared with last financial year. was in Building Maintenance & Cleaning and in Garden & Grounds Maintenance, both of which We￿ projects covered by gifting in the previous years, thus resulting in an apparent inflated expense against no income in the year, and thus a net expenditure in the year. Despite the reduction in income in the year we have continued to press forward with our outreach activities. Trustees are mindful of the impart on reserves and continue to monitor expenditure having ￿gard to the impact on ￿ServeS. Page 6

Grand Unlon Vlneyard Churth Mllton Keynes Trustees Annual Report The financial statements have been prepared in accordance with the atcounting policies set out in note I to the financial statements and comply with the charity's memorandum and articles of association. the Companies Act 2006 and "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 IFRS 102)" las amended for accounting periods commencing from l January 2016 RESERVES POLICY Rationale We maintain reserves in order to cover fluctuations in income and expenditure. to allow for any unexperted major expenditure requirement. or to mitigate any decline in the overall financial environment. We also believe that maintaining the free reserves at ￿Ve￿5 around three months running costs (where this IS Possible), combined with appropriate reviews of the controls over key financial systems. provide sufficient sources in the event of unexpected atherse condition5. Target Level Three months of rnedium-term commitments such as staff cost5 for permanent Staff and buildin8 Costs. The unrestricted reserves held as at 31st March 2022 of £182.818 (also including the value of the propertyl are around where we expectthemto be. Maintenance We review. on a half-annual basis, the level of reserve5 held. Review of Policy We aim to review whether the policy itself remains appropriate at teast once per year. We continue to be encouraged that our church members, commitment has not faltered durin8 these challenging economic times. The church continues to fulfil its mission, as can be seen by its ongoing accomplishment of rts goals, and in addition, we will continue to investigate more opportunitie5 to Serve those in the ctty and bèyond and to identify addttional potential sources of funding. Investment Powets ond Policy Our articles authorise us to invest our funds and cash balances are Currently held with Lloyds TSB. We have operatetl a policy of keeping available funds within interest-bearing deposit accounts having regard to liquidity requirements. The trustees have assessed the major risks to whth the charity is exposed and a￿ satisfied that Systems are in place to mitl8ate exposure to the major risks. Risk Management The systems of intemal control a￿ des18ned to provide reasonable. but not absolute. assurance against material misstatemprtt or loss. They include.. ' an annual budget approved by the trustees gular consideration by the trustees of financial reports: delegation ol authority and se8re8ation of duties identrfication and management of risks. Page 7

Grand Union Vineyard Church Mllton Keynes Trustees Annual Report We aim to regularty review the main risks that the church faces. The trustees consider the key risks to a church like ours to be finances, safeguardin8, hea￿h & safety and human resources. We employ specialist finance staff. are members of Thirtyone*ight to assirt with safeguardin& have trustees with health and safety experience and have specialist outsourced human.resources competence to help rnanage these risks. We believe that the internal finèncial controls conform to guidelines i55ued by the Charty Commission. Strutture. governance. and management Governing Document Orgonisotionol 5trurture.' We are a registered charity, duly constituted by means of our Memorandum and Articles of Association and operating as a church. We are also a company limited by guarantee, in which the company direttors form the board of trustees. The liability of each trustee iii the event of a winding-up is limited. The trustees, who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were= D ADEOAPO ICHAIRI CRD MORLEY (SENIOR PASTORI T BALOGUN ITREASURERI N FREER D COOPER DLEE N BURNAPP ISAFEGUARDINGI G E C DUNN ICOQPTEDI Appointment of Trustees New trustees are appointed when appropriate. Suitable candidates. who are selerted from within the church membership. are tonsi(Jered based on their skills, experience and sympathy with the aiwns of the church. New trustees have the opportunity of reviewing appropriate documents, including the management actounts, as part of their indurtion process. Senior Leodership Team f5lT} The day to day running of the church is delegated to the employed pastoral and operational staff. The staff are led by the Senior Pastor. Chris Mortey. and their Senior Leadership Team as follows= Chris Morley (Senior Pastor) Rachel Kleinsmith IDSL, Outreach and Administration) Rachael Inwood Iworshipl Rebecca Walters {Children's Church) Phil Cooling (Technical) The Trustees are responsible for keeping proper accounting records that dixlose with reasonable accuracy at ally time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Art 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularities. The above report has been prepared in accordance wtth the provision5 applicable to companies 5ubjett to the small companies regime as set out in Part 15 of the Cornpanies Att 2006 and in atcordance with the Charities SORP IFRS 1021. The trustees declare that they have approved the trusteeg report above. Page 8

Grand Unlon Vlneyard Church MlltoTr Keynes Trustees Annual Report Signed on behalf of the board Nicholas Edwin Freer Director & Trustee 31 March 2022 Pa8e 9

Grand Unlon Vlneyard Church Mllton Keynes Independent Examiners Report Independent Examiner's Report to the trusttes of Grand Unlon Vineyard Church Milton Keyne5 I report to the charity trustees on my examination of the financial Statements of Grand UnK)n Vineyard Church Milton Keynes for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account. the Balance Sheet. the Statement of Cash Flows and the related notes. Responsibilities and basis of report As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance wTrth the requirements of the Companies Act 2006 I'the 2006 Act. Havin8 satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2￿6 Act and are eligible for independent examination. I report in respect of my examination of vour tharity's financial statements as carried out under section 145 of the Charities Act 20111.the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451511bl of the 2011 Act. Independent examiner's ststement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that.. accounting records were not kept in accordance with section 386 of the 2006 Act . or • the financial statements do not accord with those recor(Is' or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a Irue and fair, view which is not a matter considered •$ part of an independent examination: or the financial statements have not been prepared in accordance with the Charities SORP IFRS 1021. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Ebenezer Nelson-Addy IFA Trackrecords Management Services Limited The Farthing Enterprise Unit 10. 39 Farthing Grove Netherfield Milton Keynes MK64JH 31 March 2022 Page 10

Grand Unlon Vlney•rd Church Mllton Keynes Staternent of Financlal Activities for the ye•r ended 31 March 2022 Unreslrfrted funds 2022 Restricted fvnds Total fvnds Total fvnds 2022 2022 2021 Notes Income and endowments from: Donations and legacies Charitable artivities Other trading activities Other 54.908 54,908 8,961 72,820 678 5.913 41.040 9.461 5,878 15.339 Total 67.417 11,791 79.208 114,538 Expenditufo on: Raising funds Charitable activities Other 4.396 18.331 66.296 77 4.47] 20.487 69,522 I,soo 23,568 62,287 2,156 3,226 io Total 89.023 5.459 94,482 87.355 Net gains on investments Net lexpendEturellincome Transfers between funds li 121.6061 6,332 115,2741 27,183 Net leKpenditurellincome beforp nthpr £ASn￿lI0￿) 121.6061 6.332 (15,2741 27,183 Other galns and losses Net movement in fvnds 121.6061 6.332 {15,2741 27.183 Recondllallon of funds". Total funds brought forward 204.424 54.868 259.292 232,109 Total funds carried forward 182.818 61.200 244.018 259,292 Page 11

Grand Unlon Vlneyard Church Mllton Keynes Summary Income and Expenditure Account lor the year ended 31 March Z022 2022 2021 Income 79.208 114.538 Gross income for the yw 79,208 114.538 Expenditure 93,167 85,601 Depreciation and charges for impairment of fixed assets 1.315 1.754 Total expenditure for the year Net lexpenditurel/income before tax for the year 94,482 87,355 115.2741 27,183 Net (expenditure Ilifie¢)me for the year 115,2741 27,183 Page 12

Grand Union Vlneyard Church Milton Keynes Balance Sheet at 31 March 2022 Company No. 04301421 Motes 2022 2021 Y￿ed assets Tan8ible assets 14 183,436 183.436 184,751 184,751 Current assets Debtors Cash at bank and in hand 15 2.812 60.(K19 62,821 12,239) 60.582 2,812 73.968 76,780 12,2391 74,541 Creditors: Amount falling due within one year NÈt ctsrrent al￿.*S 16 Totsl assets less current liabllities 244,018 259,292 Net assets excludin8 pens14>n asset OT Ilablllty 244.018 259.292 Total net assets 244,018 2J9.292 The funds of the charity Restricted funds Restricted income funds 17 61,200 61,200 54.868 54.868 UnrestTlcted fund5 General funds Designated funds 17 204,424 121,6061 182,818 204,424 204,424 17 Total funds 244,018 259,292 These accounts have been prepared in accordance with the specr41 provisions of Part 15 of the Companie5 Art 2006 relating to small companies. For the year ended 31 March 2022 the company was entttled to exemption under sertion 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit ift accordance with section 476 of the Companies Act 2006. The directors acknowledge their respoftsibilities for complying with the requI￿￿￿ntS of the Companies Art 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2022 And signed on its be If by- Nicholas Edwin Freer Director & Trustee 31 March 2022 Page 13

Grand Unlon Vlneyard Church Mllton Keynes Statement of Cash flows for the year ended 31 March 2022 2021 Z021 Cash flows from operatlng activitles Nct loxpondlturclllncome pcr Statement ol FlftaTrclal Activities 115,274) 27,183 Adjustrnents for: Depreciation of property, plant and eouipment Dividends. interest and rents from investments Decrease in trade and other receivables 1,315 115,3391 1.754 1,301 Nct Iu5ed inllpro¥ided by operating artl¥itics 129,2981 30.238 Cash flows from Investing artivities Dividends, interest and rents ffom investments 15,339 Net cash from Inveslln8 arti¥lties 15.339 Nel cash from finan(in8 activities Net Idecieaselllncre35e In cash and cash equivalents 113,9591 30,238 Cosh and c4sh equivalènts at the beElnnlng of the year 73.968 43,730 Cash and cash equivalents at the end of the year 60,009 73.968 Components of cash and cash equivalents Cash and bank balances 60,009 73,968 60.009 73.968 Page 14

Grand Union Vineyard Church Mllton Keynes Notes to the Accounts for the year ended 31 March 2022 l Accounting policies Basis of preparation The financial statements have been prepared in attordance with Accounting and Reportin8 by Charitie5- 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 IFRS 1021 (effective I January 20151 Icharities SORP IFRS 10211, the Financial Reporting Standard applFcable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change In basis of accounting or to pre¥lous accounts There ha5 been no change to the accounting policies IvaluatKJn rules and method of accountingl since last year and no changes have been made to accounts for prevwjus years. Fund accountlng Unrestrirted fvnds These are available for use at the discretion of the tru5tee5 in furtherance of the general objects of the charity. These are unrestrirted funds eam)arked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserye representing the restatement of investment assets at their market values. These are available for use subjert to reattrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds R¥stfided funds Income ReLOgl)itivii ur income li)come is included in the Statemcnt of Financial Attrvities ISOFAI when the charity becomes entrtled to, and virtually certain to receive, the income and the amount of the income can be measured with Suffic￿nt reliability- Income wÉth related Where income hès related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations iiiid Voluntary income reteNed by way of Erants. donationr and Eifts is included in the i'lie SOFA whei) receivable and only when the Charity has unconditional entbtlement to the income. Tax reclalms on Income fro￿) l**X reilaims is included in the SofA at the same time a• the donations and gifts gift/donation to which it relate5. Donated seThices These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity ss reasonab￿ quantifi'able. measurable and material. Vdunteer help The value of any volunteer help received is not included in the accounts. Investment income Thi5 is included in the accounts when ￿Cer¥•ble. Gainslllossesl on Thi5 includes any ￿1ft or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets legacies tsainslllossesl on investment assets This includes any ¥i4iii or loss on the sale ot investments. Pa8e 15

Grand Unlon Vlneyard Church Mllton Key Notes to the Accounts Expenditure Recognttion of expenditure Expendrture Is wognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income. fundraisin8 raising funds trading Costs and investment management costs. Expenditure on These comprise the costs incurred by the Charty in the delivery of its actNities and charitable activities seThices in the furtherance of its objects. including the makin8 of grants and govemance costs. All grant expendtture is accounted for on an actual paid basis plu5 an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs assoaated with meeting the constitutional and statutory requirements of the Charity. includin8 any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxallon The charity is exempt from corporation tax on its charitable activities. Tanglble Ilxed assets and depreciation Oepreciation is provided at the following annual rates in order to write off each asset over its estimated Useful lrfe: Freehold property Plant & machinery Fixtures, fittings & equipment 0% Straight Line 25% Strai8ht kn.ne 25% Straight knne Trade and other debtors Trade and other debtors are reco8nised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquÉd investments wtth original maturities of three months or less and bank overdrafts. In the statement of financial Position. bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and ¢)ther creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated ￿lIablY. Credttors and provisions are normalty recognised at their settlement amount after allowing for any trade discounts due. Page 16

Grand Union Vlneyard Churth Mllton Keynes Notes to the Accounts Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. on￿ the contributions have been paid the company has no further payments obligations. The tontributions are recognised as expenses when they fall due. Amounts not paid a￿ shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered fvnds. Receipt of donated goods. facilities and ser¥ices All donated Boods, facilities and services ￿te1Ved are Fecognised within incomin8 re50ur¢es and expenditure at an estimate of the value to the charity. 2 Company status The compan¥ i• a privatc company limited by guarantee and consequently does not have share capital. 3 Statemem of Financlal Acllvfties- prior year UThr¢striLted funds Restricted funds Totsl fund: 2021 2021 2021 Incomè and endowments from: Donations and legacies Charitable artivitie5 Other trading actwltles Total 72,820 678 72,820 678 41.040 41.040 114.538 114,538 Expendhure on: Raisir)g Charitable activitie5 1,5UU 23.568 1,500 23.568 62,287 Other G2.287 Total 87.355 87.355 Nèt incornè 27,183 27,183 Net incorne before other galnslllossesl Other gains and10sses: Net movernènt in funds 27,183 27.183 27.183 27,183 Reconcilsation of funds: Total funds brought forward Total fvnds carried forward 199.459 32.650 232,109 226,642 32,650 259,292 Page 17

Grand Union Vlneyard Churth Mlhon Keynes Notes to the Accounts 4 Income from donatlons and lefddes Unre5tricled Total Total 2021 2022 Donations and Gifts 54.908 54,908 54,908 54,908 72.820 72,820 5 Income from charltable activities Unrestrfcted Restrirted Totsl Total 2022 2021 Storehouse Donations- Non Gift Aid 153 153 678 Storehouse Income 315 315 Donations and Gifts 3.048 3.048 5.445 5.913 8,493 8,961 678 6 Income from othèr trading aetivities Total Total 2022 2021 Other attivities for generating funds . 41,040 41.040 7 Other In￿rne Vnrestrirted Restricted Total 2022 Total 2021 Bank Interest Other Income Gift Aid Claim 2(Kl 5.878 6,078 9,257 15,339 9.257 9,461 5.878 8 Expenditure t)n raislng funds Restricted Total Total 2022 2021 Costs of generoting voluntory income Gifts related to church activities 4.396 77 4,473 1.500 4,396 77 4.473 1,500 Page 18

Grand Union Vineyard Church Milton Keynes Notes to the Accounts 9 Expendlture on tharitable acti¥lties Unrestrfrted Re5trlrted Total Total 2022 2021 Expenditure on choritoble octivities Storehouse Donations- Non Gift Aid 17.822 2,156 19,978 23.568 Governt7nce costs Youth 509 18.331 2,156 20,487 23,568 iu Other expendlture Unrestricted Restrirted Total 2022 Total 2021 Conferences Catering Entertaining Event* 256 77 333 33 33 547 547 Employee costs Premises costs Amortisation, depreciation. impairment, profrtlloss on disposal of fixed assets General administrative costs 47.419 250 47.669 8,311 44,118 5.347 5.911 2.4W 1,.4J.5 1,315 1.754 199 5,239 5,666 5.402 62,287 Legal and professional costs 5,115 GG,29G 3LKI 3.22G 69,522 11 Net (eyenditureifln￿me before transfers 22 2021 This is stated after charging: Depreciation of owned fixed assets 12 Trustee remuneratlon and expenses 1,315 1,754 2022 2021 Nurnber Number Number of trnstees paid expenses The nature of the reimbursed expenses Consultancy Costs- Grant application Page 19

Grand Union Wineyard Church Milton Keynes Notes to the Accounts 13 stsff costs 2022 2021 Salaries and wages Social security cost5 Pension costs 43.566 40,673 407 3,025 44,105 4,103 47,669 No employee receNed emoluments in excess of £60.0(M). The average monthly nurnber of full time equbvalent employees during the year was as follows- 2022 Number 2021 Number 14 Tangible fixed assets Land and build•n8S Plant & mathinery Fixtures. fittin85 & equipment Totsl Cost or revaluation At l April 2021 At 31 March 2022 Depreciation and Impalrrnent At l April 2021 Depreciation char8e for the vear At 31 March 2022 179.492 179,492 7,793 7,793 69,098 69,098 256,383 256,383 7,068 64,564 71,632 181 1,315 7,249 65,698 72,947 Net book values At 31 March 2022 At 31 March 2021 IS Debtors 179.492 179.492 3,400 4,534 183.436 184,751 725 2022 2021 Trade debtors 373 373 Other debtors Prepayments and accrued income 2.432 2.432 2.812 2,812 16 Creditors: amounts falling due within one year 2022 2021 Other creditor5 Accruals 2,238 2,238 2.239 2.239 Page 20

Grartd Unlort VlneyaTd ChurEh Mllton Keyn Notes to the Accounts 17 Movement In funds Incomin8 At31 March 2022 (indudlng other At l Aprfl galnsllosse$ 2021 Resources expended Restrlcted fvnds: Restrlrted Income funds: Donations and Le8acies StorehoLTrse Donations and Income 11,323 15,459) 60,732 Totol 54.868 11,791 15,4591 61.200 Unrestrlrted funds: General fund5 204.424 204,424 Deslgnated funds: Unrestricted Givi1)£ 67,417 189,0231 189.0231 121,6061 121,6061 Totol 67.417 Total fvnds 259.292 79.208 {94.4821 244.018 Purposes and restrirtions in relation to the fvnds: Re*tricted funds- Donations and Legacies Stttrè.house Dr)iiétiQnS and Income Oesignated funds- Unrestrirted Giving 18 Analysis of net assets between fvnds Restrirted Total nds fvnd5 Fixed assets 183,436 14391 182.997 183,436 60,582 244,018 Net current assets 61.021 61.021 The trustees rcaliJed that restrirted funds that shnuld have b￿Th moved to the unrestricted funds was not done as at 31st March 2022. This will be corrected in the 2022-23 financial report. The trustees will tontinue to develop the trusts monitoring System in relation to restrirted and unrestrirted funds to prevent such future occurrences. Pa8e 21

Grand Unlon Vlneyard Church Mllton Keynes Notes to the Accounts 19 Reconciliation of net debt At31 March 2022 At l April 2021 Cash flows Cash and cash equNalents 73,968 73,968 113,9591 113,9591 60,009 60,009 Net debt 73.968 113.9591 60.009 20 Commitmefits Operating le05e ¢ommitments Annual commitments under nOn￿ncelIable operating leases are as follows: 2022 land and buildings 2022 2021 Land and 2021 Other Other buildings Operating leases with expiry date: Pension commitments 2022 2021 The pension cost charge to the cornpany amounted to: 4.103 3,025 21 Rèlated party dtsclosures Controlling porty The company is limited by guarantee and has no share capital: thus no single party corhtro15 the company. Page 22

Grand Union Vlneyard Church Milton Keynes Detailed Statement of Financial Activities for the year ended 31 Marth 2022 Unrestrorte d funds Remrlcted fvnds Total fvnds 2022 2022 Total funds 2021 2022 Intorne ¥nd endtywrnents from: Donations and legacies Oortations and Gifts 54,908 54,908 54,908 54,908 72,820 72,820 Charitable activities Storehouse Donations- Non Gift Aid Storehouse Income Donations and Gifts 153 153 678 315 315 3.048 3.048 5,445 5,913 8.493 8.961 678 Other tradin8 activitie% uther actlvilies lor g￿lie￿a￿li)g funds 41,040 41,040 Other Bank Inlerest Other Income Glft Aid Claim 5.878 6,078 9.257 15,339 9.257 9.461 5.878 Total income and endowments 67.417 11.791 79,208 114,538 Expenditure on: Costs of generating donations and legacies Gifts related to church èttivities 4.396 4,396 77 4,473 4,473 1,500 1.5C¥J 77 Total of expendlture on ralsl funds 4.396 77 4,473 1,500 Charitable activities Storehouse Donations- Non Gift Aid 17.822 2.156 19,978 23,568 17.822 2,156 19,978 23,568 Governante costs Youth 509 509 509 Total of expenditure on chJritabl¢ artiviti 18,3Jl 2,156 20.487 23.568 Other expenditure Conference5 660 660 Pa8e 23

Grand Unlon Vlneyard Church Mllton Keynes Detsiled Statement of financial Activities Catering Entertaining Events 256 77 333 33 33 547 1,496 547 1,573 77 Employee costs Salarieslwages Employer's NIC Pension costs Staff welfare 43.316 250 43,566 40.673 407 3.025 13 4,103 4,103 47.419 250 47,669 44.118 Premises costs Rent 423 Light. heat and power Premises repairs and maintenance Other premises CQSts 3,975 3.975 2,000 1.936 2.400 4.336 1,815 1,109 5,347 5.911 2.400 8,311 General administratNe costs. includin8 depreciation and amortisation Dep￿tIatIOn of Plant & machinery Depreciation of Fixtures. fittings & equipment Bank charges General insurances Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone. fax and broadband 181 242 1.134 1,134 1,512 143 1,542 143 1,542 152 1,376 1,086 1,086 1,707 286 622 199 485 622 1,457 686 112 112 46 1.249 6,355 1,249 6,554 242 199 7,420 Legal and professional costs Other legal and prote55ional costs 5,115 300 5,415 5,402 5,115 3C(I 5.415 5.402 Total of expendlture of other costs Total expendlture Net gains on investments 66,296 3,226 69,522 62,287 89.023 5.459 94.482 87,355 Net (expendituie)fincome {21.606} 6,332 {15,2741 27,183 Net lexpenditure)firKorne before other 8ainslllossesl Other Gains {21.606} 6,332 115,2741 27,183 Page 24

Grand Union Vlneyard Church Mlltw Keynes Detsiled Statement of Yinancial Artivities Net movement In funds {21.6061 6,332 115.2741 27,183 Recon¢lliation of fund5: Total funds brought forward 204.424 54.868 259,292 232.109 Total funds carrled forward 182,818 61,200 244,018 259,292 Page 25