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
#169

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