Grand Unlon Wineyard Church Milton Keynes
Charity No. lo￿*567
Company No. 04301421
Trnstees. Report and Unaudlted Accounts
31 March 2023
11111
•ACBOT8VU•
3010Pf2023
COMPANIES HOUSE
A10
#1

Grand Union Vineyard Church Miltw Keynes
Contents
Pages
2to7
Trustees, Annual Report
Independent Exarniner's Report
Statement of Financial Activities
8t08
9t09
Summary Income and Expenditure Account
Balance Sheet
IOtolO
Iltoll
Statement of Cash flov
12to12
Notes to the Accounts
13to21
Detailed Siatement of Flnancial Attivities
22to23
Page I

Grand Unlon Vineyard Church Mlltoft Keynes
Trustees Annual Rept)rt
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006.
present their report with the unaudited financial statements of the charty for the year ended 31
March 2023.
RÉFERENCE AND ADMINISTRATIVE DETAIIS
Company No. 04301421
Charfty No. 1090567
Reglstered Office
Netherfield Chapel
Broadlands
Netherf￿Id
Milton Keynes
MK6 4YP
Dlrertor$ and Trusttss
The Dbrectors of the charitable ujmpany are tts Trustees for the purposes of chèrtty law.
The following Directors and Trustees 5eTved during the year-
• Christopher Robert Oesmond Morley- Senior Pastor
Oluwatuminu Omoniyi Balogun- Treasurer
Nicholas Edwin Freer
. David Cooper
• David Nicholas Lee
• Natalie-Louise Burnapp
• Graham Edward Cwsoe Ovnn ICw>ptedl
Account•nts
Trackrecords Management SeThices
Limited
The Farthing Enterprise
Unit 10, 39 Farthin8 Grove
Netherfield
Milton Keynes
MK6 4JH
OVERVIEW
Grand Vnion Vineyard Church continued to operate in 2022123 out of Netherfield Chapel. Thls has been a
year of rebuildin8 and reshaping after the Covid 19 pandemic.
Chris Morley continued to lead the church through 2023 and set the dirertion of the church. building a
leadership team that will lead the church into the future. This included the appointment of a self-supportinB
Pastoral Assistant and also an Associate Pastor. This has expanded our capability in caring for people. Grand
Union Vineyard has continued to Serve the people of Milton Keynes.
AIMS AND PURPOSES
The trustees of Grand Union Wineyard have the responsibility for the general control and management of the
administration of Grand Union Vineyard Church and the achievement of its aims and purposes Iconnert,
grow an(J seNel. To this end. the Trustees work with the Senior Pastor. pastoral staff, and leadership team.
Page 2

1Sr•nd Unlon Vlney•rd Churth Mllton KeynE¥
Trustees Annual Report
Additionally. within these responsibilities. trustees are also responsible for the upkeep and maintenance of
the Netherfield Chapel buildi￿ Broadlands, Milton Keynes. In the year under review. we expanded the
kitchen to facilitate the seNing of the community more effectrvely.
OBJEcfivES AND ACtiviriES
We belleve that the calling of Jesus is to love those around us. and we have the privilege of serving the least,
the last and the lost within Milton Keynes. We do not discriminate according to ethnicity, gender, Sexuality,
or back8round. We have been privileged to work Close￿ with local Mosque to support the Afghan Refugees.
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..
CONNEcf- sharing the good news of Jesus ChrisL
GROW- equipping and discipling followers of Jesus Christ.
SERVE . prarticalty showing the love of Jesus to those around us.
Our vision statement is. "to be o worshippinq community where onyone can encounter God and become mo
whole while serving other5".
Achlevements and Perfomiance
l. Sharing the good news ofjesus Christ
We welcome those of all faiths or none. and from every background who wish to visit us or make use of, or
engage in, the actwities of the Church. These attivrties include worship serwlces, cell groLSPS. the MK
Storehouse, Community Fridge, wellbeing mornings, HE Cafe and other public events. We continue to
welcome people who have had little or no previous interaction with the church.
During the year church members continued to share the transforming power of Jesus and his gospel with
compassion and generosity through mtnistries including-.
Giving out coffee & food on Sundav
• Alpha courses
• Small groups
Wellbeing events
• Coffee mornings
Community Fridge
MK Storehouse
The aftereffects of Covid are still being felt in that we continue to rebuild. Part of this rebuilding is the
realisation that we cannot go back to church as normal and ift the 2022123 year we have begun exploring
different ways of doing cell groups, worship and other ministries.
Our Worship services are now fully functional continuing to be held at Netherfield chapel. We continue to
experiment wlth our 'exploring worship- services. This is a time to experiment with other hrms of worship.
These prove popular and we will continue to experiment
Union Groups continue to funrtion. We have begun a proces5 of looking at how they might become "life
groups" where people explore life and discipleship together. We recognise the cructral nature of cell groups in
that they create an environment for more personal support and discipleship.
During the period we introduced the Vineyard Essentials course which is a two-year leadership development
course designed by Vineyard Churches UK&I.
One of our members has enrolled for the Vineyard Colle8e course. This is the first phase of trainin8 of f￿Ure
Pastors within the movement. Her fees were sponsored by members of the church.
Page 3

Grand Union Wineyard Church Milton Keynes
Trustees Anttual Report
We have restarted a youth ministry. Currently it is small but with the current leadership resources it is
manageable.
The children's ministry, 3￿hOUgh small. has continued to be a ble55ing to those attending.
During the year we provided support to the overseas projerts shown below, who share our aim to share the
good new5 of Jesus Christ. through activities which range from running prayer groups to giving financial
5UPPOrt-
• The Eagle Project lin Brazill
• Hope lor Justice
2. Eq¥ipping and disciplingfollowers ofJesw Chnsl
Each Sunday we have continued to run the morning seryice. which seeks to equip. teach. and disciple church
members and those who visit. We continue with the ethos of an infom)al and relaxed atmosphere. We have
had new members join both online and in person during this period.
Baptism services have a150 been held durin8 this period.
Children's church continues to be part of the Sunday services.
Union groups are a place to discuss Sunday teachin& support each other in dtscipleship and equip each
other. Therefore. members are encouraged to join a group.
3. Practict71fyshowing the love ofjesus to those around us
We continue to seek ways to serve all sertions of the community creatNely. The range of compassion
ministries we support is dNerse, and during the year included:
MK Storehouse.. the MK storehouse exbsts to 8i¥e clothes to those who have little. and a place where they
feel welcomed 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 goin8 to the landfill.
• Wellbeing Mornings: providing a safe and welcoming place for people over sixteen to get rest from the
chaos of life and have time to be refreshed and pampe￿d.
• Wise Ones: this is a group that meets to provide Company for people who are i501ated.
HE Café: we provide space for home-educatin8 parents and chtldren tg s0¢i4lise. This included
Neuro-Diverse Children.
MKStorehouse
202212023 continued to be very busy at MK Storehouse and included liaison wfth Milton Keynes Council and
other local charities to provide emer8ency clothing packages.
Our relationship with MK Council continues to grow and we continue to explore the building of the charity
hub with other first-response organisations. If realised, this will house organisations in a purp05e-built
building. 50 that we may work more effertively to serye those in need by providing a 'one-stOP Shop, for
those needing seThices.
MK Storehouse continues to be a crucial seNice to the peopte of Milton Keynes. Our annual unrform event in
August provided clothing for over 400 local sthool children. We also responded to the needs of the
Ukrainian refugees. There were about 200 who used our services in the period under review. In the year
202212023. 2295 guests were supported by MK Storehouse. This is an increase of 7% from the previous year.
Page4

Grand UnloD Vlneyard Church Mllton Keynes
Trustees Annual Report
Community Fridge
Community Fridge continued at our building in Netherfield. with food donated from local supermarkets. In
the period under review, we had 5,280 families recerving food. We also gave 154 emergency food parcels
where they were needed. We also provided the other comm¥Jnity fridges in Milton Keynes With 2.88 Tonnes
of food. This ministry diverted 49 tonnes 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.
It must be noted that wilh the current cost of INing crisis. we are seeing an increase in the number of guests
to The Community Fridge. This increase includes many families who are in full-time employment as well as
families on benefits.
Choritoble Portners
Vineyard Churches UK & Ireland connects churches wtth common values and practices. provides spirrftual
guidance and oversight to Vineyard church leaders and facilitates new church planting. We use the name
Vineyard with their permissbon and give it 5% of our voluntary income and trading profits.
Hope for JLFslice is an anti-human trafficking or8anisation working to uncover and a￿lIsh the hidden crime of
modern-day slavery. As a non*overnmental organisatton INGOI they gather Intelligen￿ and assist in the
process of rem¢)vin8 victims from exploitation within the UK. Human traffKkin8 is not someone else's
problem. It is happening in our communities. in our nei8hbourhoods. in our country.
The Eagle Project.. after many years working WTth rtreet child￿n in Braiil. Geor8e and Cally founded the Eagle
Project in 2006. Based on the principles of restorative justice. George. Callie. and their team use
psychodrama. mentoring. coachin& and counselling to equip young offenders to reintegrate into families and
communities upon their release and avoid reoffending.
FINANCIAL REVIEW
The management accounts show an overall Net Expenditure (Over Income) of £7.880 for the year lexcluding
depreciation). This is against a budgeted net expenditure of £22.9K and against Prior yearfs £13.96K. The
financial accounts show a Net expendTture of £14,273 because it takes depreciation Into account
The total Income in the year. at £91K shows è 15% increase in income on last year. Against this, there is an
pparent increase in expen(liture of 12%.
The principal source of income was from unrestrirted 8r¥in& totslling £68.7K in the year against a bud8eted
£50.2K. This was also higher than the prior year at £54.9K. The monthly income averaged at £5.7K. peaking
at £10.8K in October 2022. Overall. Èncome surpassed what was a cautious budget by £32K. and prior year bv
£15.8K.
Central overheads were in line with budget. The main increase in expenditure. compared with budget and
last financial year, was in Buildin8 Maintenance & Cleaning and in Garden & Grounds Maintenance, both of
which were Projects covered by 8iftin8 in the previous years, thus resulting in an apparent inflated expense
against no income in the year, ènd thus a net ￿PenditUre in the year. There was significant drfFerence
between actual and budget on Community Fridge and Storehouse spend. There was also unbudgeted
leadership development spend. The net effert wa5 a £17K adverse varijnce on expenditure compared to
budget, and 9.8K. compared to prior year.
t has been a good year and despite the ￿dUctIOn in cash balances. we have tontinLted to press forward with
our outreach aciivities. Trustees a￿ mindfvl of the impact on reserves and continue to monitor expenditure
having regard to the impart on reserves.
Page S

Grand Unlon Vlneyard Church Mllton Keynes
Trustees Annual Report
The financial statements have been prepared in accordance with the accounting policies set out in note I to
the financial statements and comply with the charity's memorandum and articles of aswciation, the
Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Prartice
applrcable to charities preparing their accounts in accordance wr¢h the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 102)" las amended for accounting periods commencing
from ljanuary 2016
RESERVES POUCY
Rationale
We maintain reserves to cover Iluttuations in intome and expenditure. to allow for any unexpected major
expendtture requirement, or to mit48ate any decline in the overall financial environment.
We also believe that maintaining the free reserves at levels around three months runnin8 Costs (where this is
possible), combined with appropriate reviews of the controls over key financial systems. provide sufficient
resources in the event of unexperted adverse conditions.
Target Level and Review
The Direttors and Trustees continue to keep under review an appropriate target level. The unrestricted
reserves are considered adequate ai the end of the reporting period.
Maintenance
We review. on a bi-monthw b85iS, the level of reserves held.
We continue to be encouraged that our church members, commitment ha5 not fattered during these
challenging economic times. The church continues to fulfil its mission. as can be seen by its ongoing
accomplishment of its goals, and in addition, we will continue to investl8ate more opportunities to serve
those in the city and beyond and to ideftttfy additional potential sources of funding.
Investment Power5 and Pollcy
Our articles authorise us to invest our funds and cash balances a￿ currently held with Lloyds TSB. We have
operated a policy of keepin8 available funds within interest-bearinR deposit accounts havin8 regard to
liquidtty requirements.
The trustees have o55essed the major risks to which the thartty is exposed and are sat15f￿4 that 5Y5tems are
in place to mitigate exposure to the major rTrsks.
Rlsk Management
The systems of internal control are desi8ned to provide reasonable. but not absolute, assurance against
material mbsstatement or loss.
They include:
• an annual budget approved by the trustees:
regular consideration by the trustees of financial reports". ' delegation of authority and segregation of
duties: and
• identification and management of risks.
We aim to re8ularly review the main risks that the church faces. The trustees consider the key risks to
church like ours to be finances, safeguardin& healrh & safety and human resources. We employ speclallst
finance staff. are members of Thirtyone-ei8ht to assist wrth safeguardin& have trustees with health and
safety experience and have specialist outsourced human resources competence to help manage these risks.
We believe that the internal financial controls conform to 8uidelines issued by the Charty Commission.
Page 6

Grand Unloft Vlneyard Church Milton Keynes
TrU￿eeS Annual Report
Structure* governance, and managernent
Governing Document orgonisationo15trurture.'
We a￿ a registered charity, duly constituted by means of our Memorandum and Articles of Association and
operating as a church. We are also • company limited by guarantee, in which the company dirertors form the
board of trustees. The liability of each trustee in the event of a winding-up is limited.
The trustees. who are also the directors for the purpose of company law, and who seNed during the year and
up to the date of signature of the financial statements we￿-
D ADEDAPO
CRO MORLEY (SENIOR PASTORI
T BALOGUN ITREASURERI
N FREER ICHAIRI
D COOPER
DLEE
G E C DUNN ICO-OPTEDI
N BURNAPP ISAFEGUARDING)
Appointment of Trustees
New trustees are appointed when appropriate. Suitable candidates. who are selected from within the church
membership, are consitlered based on their skills, experience and sympathy wfth the aims of the church. New
trustees have the opportunty of reviewing appropriate documents, includin8 the management accounts, as
part of their indurtion proce55.
SertiorLeodership Team (SL T)
The day to day running of the church is delegated to the employed pastorBI and operational staff. The staff
are leil by the Senior Pastor, Chris Morley, and their Senior Leadership Team as follows:
Chris Morley (Senior Pastor)
Rachel Kleinsmith IDSL, Outreach and AdmInistrat￿nI
Rachael Inwood (Worshipl
Rebecca Walters (Children's Church)
Phil Cooling (Technical- Stepped Down Nov 20221
The Trustees are responsible for keeping proper accountTrng ￿ordS that disclose with reasonable accuracy at
any time the financial posltion of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 20J6. The Trustees are also responsible for safeguarding the assets of the
charbty and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report ha5 been prepared in accordance wrih the provisions applKable to companies subject to
the small companies regime as set out in Part 15 of the Companies Art 21x16 and in accordance with the
Charities SORP IFRS 1021.
The trustees declare that they have approved the trustees, report above.
Signed on behalf of the board
Nichola5 Edwin Freer
Director & Trustee
Date:
24
2023
Pa8e 7

Grand Union VlTreyard Church Mllton Keynes
Independent Examiners Report
Independent Examinerfs Report to the trustees of Grnnd Union Wineyard Church Milton Keyne5
I report to the charity trustees on my examination of the financial statemeftts of Grand Union Vineyard
Church Milton Keynes for the year ended 31 Mèrch 2023 which comprise the Statement of Financial
Attivities, the Summary Income and Expenditure Attount. the Balance Sheet. the Statement of Cash Fl¢)ws
and the related notes.
Responsibilities and basi5 of report
As the trustees of the charity land a150 its directors for the purposes of company law} you a￿ responsible for
the preparation of the financial statements in accordance with the reouirements of the CoMpan￿S Act 21Y)6
I'the 2006 Act.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part
16 of the 2006 Att and are eligible for independent examination. I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Art 2011 Ilhe 2011 Act'l.
In carrying out my examination I have followed the DI￿diOnS 8i¥en by the Charity Commission under sertion
14515llbl of the 2011 Att.
Independent exarniner's staternent
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examinatlon giving me cause to believe that:
• accounting records were not kept in accordance with sectbon 386 of the 2￿)6 Act- or
• the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements under settion 396 of the 2006
Act other than any requirement that the financtal statements gNe a 'true and fair. vlew which is not a
matter considered as part of an independenl examination: or
• the financial statements have not been prepared in accordance with the Chartties SORP IFRS 1021.
I have no concerns and have come across no other matter5 in connertion with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statement5 to be reached.
Ebenezer Nelson-Addy
IFA
Trackrecords Management Services Limited
The Farthing Enterprise
Unit 10, 39 Farthin8 Grove
Netherfield
Milton Keynes
MK64JH
31 March 2023
Page 8

Grand Union Vineyard thurch Milton Keynes
ststement of financial Activities
for the year ended 31 March 2023
Unrestrfrted Restricted
funds
fun(ts Tota5 funds Total funds
2023
2023
2023
2022
Notes
Income and endowments
from:
Donations and legacies
Charitable artivities
Other
68.708
3.624
11.192
68,708
4,686
17,668
54,908
8,961
15,339
1,062
6.476
Total
83.524
7.538
91,062
79,208
Expendlture on:
Raising funds
Charitable attivitie5
Other
4.603
18,878
72.522
4.090
4.368
874
8,693
23,246
73,396
4,473
20,487
69,522
Total
96,003
9,332
105.335
94,482
Net gains on investments
Nel expendlture
Transfers between funds
io
112,4791
44.495
11.7941
144.4951
114,2731
115,2741
Net expenditure before other
8alnsl{losses)
32.016
146.2891
114.2731
IIS,2741
Other gains and losses
Net movernent In fvnds
32.016
146.2891
114,2731
115,2741
Reconciliatlon of fitnds:
Total funds brought forward
182.818
61,2CKI
244,018
259,292
Total fun(ts carrled lorward
214.834
14,911
229,745
244,018
Page 9

Grand Unlon Vlneyard Church Milton Keynes
Summary Incorne and Expenditure Account
for the year ended 31 March 2023
2023
2022
Income
91.062
79,208
Gross Income forthe year
Expenditure
91,062
79,208
104,349
93,167
Depreciation and charges for
impaimenl of fixed asset5
1,315
Total expendfture for the year
Net expenditure before tax for the year
105.335
94,482
114,2731
115,2741
Net expendlture for the year
114,2731
115.2741
Page 10

Grand Unlon Vlneyard Church Mllton Keynes
Balance Sheet
at 31 March 2023
Company No. 04301421
Notes
2023
2022
Flxed asset$
Tan8ible assets
13
182.450
182.450
183,436
183,436
Current assets
Debtors
Cash at bank and in hand
14
2,812
46.722
49,534
12.2391
47.295
2,812
60.009
62,821
12,239}
60,582
Credltors: Amount falling due within one year
Net current ass￿$
Total asset5 less current liabllities
229,745
244,018
Net assets excluding penslon asset or Ilablllty
229,745
244,018
Total net assets
229,745
244,018
The fvnds of the tharity
Restrlcted funds
Restritted rncome funds
16
14.911
14,911
61,200
61,200
Unrestrlcted funds
General funds
16
214.834
182.818
214,834
182,818
Reserves
16
Total lunds
229,745
244,018
These accounts have been prepared ift accordance with the specol provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 March 2023 the company was entitled to exemption under sertion 477 of ihe
Companies Act 2(K)6 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Art 2CK)6.
The directors acknowledge their responsibilities for comptying with the requirements of the Companies Act
2006 with respect to accounlTrng records and the preparation of accounts.
Approved by the board on 31 March 2023
And siBned on its behalf by:
Nicholas Edwin Freer
Director & Trustee
Date:
,[ 2023
Page 11

Grand Unloft Vlneyard Church Milton Keynes
Statemefit of Cash flows
the ye•r ended 31 March 2023
2023
2022
Cash Ilows from operatlng activitles
Net expendlture per Statement ol Flnantlal Aciivltles
114,2731
115.274)
Adjustments for:
Depreciation of property, plant and equipment
Dividends. interest and rents from investments
986
117,6681
1.315
115,3391
Net cash used in operatin8 actl¥ities
130,9551
129.2981
Cash flows frorn investlng activities
Oividends. interest and rents from investmet)ts
17,668
15,339
Net cash from Investing aLtlvities
17,668
15,339
Net cash from financing artl¥ilie5
Net dettease ITh Cash and cash equl¥alents
113,2871
113,9591
Cash and cash equivalents at the beglnnlng of the year
73,968
Cash and Cash eq￿Valertts at the end ol the year
46.722
60.009
Components of Cash and cash equivalents
Cash and bank balances
46.722
60.CK19
46.722
60,009
Pa8e 12

Grand Unlon Vlneyard Church Milton Keynes
Note5 to the Accounts
ft*r the year ended 31 March 2023
l A¢¢ounting polldes
Basls of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Chèrities-
Statement of Recommended Practice applicable to charities preparing their actounts in attordante with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective I
January 20151- (Charities SORP IFRS 102)), the Financial Rew)rting Stsndard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companies Art 2￿6.
Change In basls ot accountlng or to pre¥lous accounts
There has been no change to the accounting policies (valuation rules and method of accountin81 since
last year and no changes have been made to accounts for previous years.
Fund accounllng
Unrestricted funds These a￿ available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Incorne
Recognition of
income
Income is included in the Statement of Financial Activities ISOFAI when the charity
becomes entitled to. and virtually certain to receive. the income and the amount of
the income can be measured with sufficient re14abilsty.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
Voluntary income received by way of grants. donations and gifts is included in the
the SOFA when receivable and only when the Charity ha5 unconditional
entitlement to the income.
Tax reclaim5 on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gTfts gbftldonètion to whith it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
This includes any 8ain or loss res￿￿1n8 from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
legacies
This includes any gain or loss on the Sa￿ of investments.
Pa8e 13

Grand Unlon Vlneyard Church Mllton Keynes
Notes lo the Accounts
Expendityre
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditu￿ indudes 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. fundraising
raising funds
trading costs and investment management costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its attNlties and
charitable activities services in the furtherance of its objects, includin8 the making ol grant5 and
governance tosts.
All grant expenditure is accounted for on an actual paid basis plus 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 associated with meeting the constitutional and statutory
quirements of the Charity. including any auditlindependent examination fees,
costs linked to the strategic management of the Charity. together with a share of
other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Taxation
The charity is exempt from corporation tax on its charitable attivities.
Tan8lble flxed assets and depreciation
Depreciation is provided at the following annual rates in orderto write off each asset over its estimated
useful life-
Freehold property
Plant & machinery
Fixtures, fittin85 &
equipment
0% Straight Line
25% Straight Line
25% Strai8ht Line
Freehold investrnent property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet
date and are not depreciated. All gains or105ses are tsken to the Statement of Financial Activities as they
arise.
Stocks
Stock 15 included at the lower of cost or net reali5able value. Donated rtems of stock are re¢ognised at fair
value which 15 the amount the charity would have been willing to pay for ihe items on the open market.
Trade and other dèbtors
Trade and other debtors are recogni5ed at the settlement amount dve after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
Pa8e 14

Grand Union Wineyard Church Mlfton Keynes
Notes to the Accounts
Cash and cash equl¥alents
Cosh and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other
short-term highly liquid investments wrth original maturities of three months or less and bank overdrafts.
In the staternent of financial position. bank overdrafts ère 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 other creditors
Short term creditors are measured at the transaction price. Other c￿dItorS and provisions are recognised
where the charity has a present obli8ation resultin8 from a past event that will probabty resu￿ in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowin8 for any trade discounts due.
Research and devel¢pment
Expendtture on research and development 15 written off in the year in which it is incurred.
Foreign curren¢ie5
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailin8 at the end of the reporting period.
Transactions in currenties other than the functional turreney of the tharity are recorded at the rate of
exchange on the date that the transaction occuffed.
All exchange differences are are taken into account in arriving at net incomelexpenditure.
Leased assets
Where the chartty enters into a lease which entails taking substantialty all the risks and rewards of
ownership of an asset. the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases ère initialty ￿cOgnIsed as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of intere# on the remaining balance of the liability- Finance expenses are
recognised immediately, unless they are dirertly attributable to qU81ifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowin8 Costs.
Assets held under finance Seases are depreciated in the same way as owned assets.
Operatin8 lease payments a￿ reco8nised as an expense on a stra4ght-line basis over the lease temi.
In the event that lease incentNes are received to enter into operating leases. such incentives ore
reco8nised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The chartty operates a defined Contribution plan for its employees. A defined contribution plan is
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributlQns have been paid the company has no fvrther payments obligations. The contribution5 are
recoenised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the pEan are held separately from the company in independently administered funds.
Page 15

Grand Unlon Vlneyard Church Mllton Keynes
Notes to the Accounts
Rtteipt of donated B￿d$. facilities and services
All donated goods, facilwties and services received are retognised within incomin8 resources and
expenditure at an estimate of the value to the charty.
2 COm￿nY 514tus
The company is a private company limited by guarantee and consequentty does not have share capital.
3 Statement of Financial Artl¥ltles- prior year
Llnrestrirted
fvnds
2022
Restrirted
funds Total funds
2022
2022
Income and endowments from:
Donations and legacies
Charttable activities
Other
s4.￿8
54,908
8,961
15,339
79.208
5,913
5,878
11.791
9,461
67,417
Total
Expenditure on:
Ralsing funds
Charitable activities
4,396
18.331
77
4,473
20,487
69,522
2,156
3.226
Other
66.296
Total
89,023
5,459
94,482
Net income
{21,6061
6,332
115,2741
Net Income before other
gainsl{1055e51
Other gains and losses:
Net movement in fi•nds
121,6061
6.332
115,2741
121.606)
6,332
115.2741
Re£onciliatlon of fund&.
Total fun(Is brought fon¥ard
Total funds carrfed forward
204.424
54.868
259,292
182.818
61.21XJ
244,018
4 Income from donatlons and legade5
Unrestrfrted
Totsl
Total
2023
2022
Donations and Gifts
68.708
68.708
68,708
68,708
54.908
54.908
Pa8e 16

Grand Union Vineyard Church Mllton Keynes
Note5 to the A¢¢ounts
S Income from tharltable aCt￿ltIeS
Unrestrirted
Restrlcted
Totsl
Total
2023
2022
5torehou5e Donations- Non
Gift Aid
48
391
439
153
Storehouse Income
476
121
597
315
Donations and Gifts
3(M)
550
8,493
Rental Reteived
3.624
1,062
4,686
8,961
6 Other in¢ome
Unrestricted Restricted
Total
Total
2023
2022
Bank Interest
70
70
other Income
Gift Aid Claim
1.150
9,762
210
11,192
6.336
7.486
9,762
350
17,668
6.078
9.257
140
6,476
15.339
7 Expendlture on raislng fund5
Unrestrlrted Restflcted
Totsl
Total
2023
2022
Costs of 9eneroting voluntory
income
Gifts related to church
artivities
4.603
8,693
4.473
4,603
4,090
8,693
4,473
8 Expenditure on tharitsble artl¥itie5
Unrestricted
Restricted
Totsl
Total
2023
2022
Expenditure on charitable
artivities
storehouse Donations- Non
Grft Aid
17.225
4.368
21.593
19,978
Governance costs
Youth
1,653
18.878
1,653
23.246
509
4.368
20,487
Page 17

Grand Unlon Vineyard Churth Milton Keynes
Notes to the Accounts
9 Other expenditurè
Totsl
Total
2023
2022
Conferences
11911
508
11911
711
660
Catering
Entertaining
Events
203
333
33
740
671
1.411
547
Employee costs
Premises costs
Amortisation, depreciation.
imparrment, profitlloss on
disposal of fixed assets
General administrative costs
Legal and professional costs
54.192
8.916
54,192
8.916
47,669
8.311
1.315
5,206
2.156
72.522
5,206
2,156
73.396
5.239
5.415
69.522
874
10 Net expenditure beft)re transfers
2023
2022
This is stated after chafgin8-
Depreciation of owned fixed assets
11 Trustee remuneration and eJKpen5es
1.315
2023
Number
2022
Number
The nature of the reimbursed expen
Consultancy Costs- Grant application
12 stsff costs
2023
2022
43,566
4,103
47.669
Salaries and wa8es
Pension Costs
50.899
3.293
54.192
No employee received emoluments in ex￿$$ of £60.IXKI.
The average monthly number of f¥Jll time equwalent employees during the year was asfollows:
2023
Number
2022
Number
Page 18

Grand Union Wineyard Church Milton Keyne5
Notes to the Accounts
13 Taniible fixed assets
Land ?Trd
buildings
Mant &
machlnery
Fixtures.
fittings&
equipment
Totsl
Cost or revaluatioTr
At l April 2022
At 31 March 2023
179,492
179,492
7.793
7.793
69,098
69,098
256,383
256,383
Depreciation and
lrnpalrnient
At l April 2022
Depreciation charge for the
year
At31 Marth 2023
7.249
65.698
72,947
136
850
986
7.385
66.548
73,933
Net book values
At 31 March 2023
179.492
179.492
408
2,550
3,4CK)
182,450
183,436
At 31 March 2022
14 Debtors
544
2023
2022
Trade debtors
Other debtors
Pfepayments and accrued income
373
373
2.432
2.432
2,812
2,812
IS Credltors:
amounts falling due within one year
2023
2022
otherc￿d￿Ors
2,238
2.238
Accruals
2,239
2.239
Page 19

Grand Union Vlneyard Church Mllton Keynes
Notes to the Accounts
16 Movement ITh lunds
Incoming
resources
At31
R¢sour
expended
Gross
transfers
(includin
March
2023
At i Apru
2022 gaifis11055es)
Re5trlcted funds:
Restrlcted income funds:
Donations and Legacies
61,200
7.538
19.3321
144,4951
14.911
Totol
61,200
7.538
19.3321
144.4951
14,911
Unrestrfrted funds:
General lunds
182,818
83.524
196.1)031
44,495
214.834
Tolal funds
244,018
91,062
{105.3351
229,745
Purposes and restrirtions in relation to the funds-
Restrirted funds-
Donation5 and Le8acies
17 Analysls of net assets between fvnds
Unrestrfrted
funds
Restrirted
funds
Total
Fixed assets
182.450
32,516
214.966
182,450
47,295
229,745
Net current assets
14,779
14.779
18 Recon¢ili*ion of net debt
At31
Marth
2023
At l April
2022 C•sh flo
Cash and cash equivalents
113.2871
113,2871
46.722
46,722
60.1X)9
Net debt
60,LX)9
113.2871
46,722
Pa8e 20

Grand Union Vineyard Churth Miltan Keyne5
Notes to the Aecounts
19 Commitments
Operatlng leose commitments
Annual commitments under non-cancellable operating leases are as follows-
2023
Land and
bulldlngs
2023
2022
land and
bulldlngs
2022
Other
Other
Operatin8 leases with expiry date:
Pension commitments
2023
2022
The pension cost charge to the company
amounted to-
3.293
4.103
20 Related party d15dosures
Controlling porty
The company is limited by guarantee and has no share capital- thus no sin8le party contro15 the company.
Page 21

Grand Unlon Vlneyard Church Milton Keyms
Detailed Statement of Financial Activities
lor the year ended 31 March 2023
Unrestrirte
d funds
2023
Restricted
funds Total fvnds Total funds
2023
2013
2022
Income and endowrnÈnts from:
Donations and legacies
Donations and Gifts
68.708
68,708
68,708
68,708
54.908
54,908
Charitable activittes
Storehouse Donations- Non Gift
Aid
Storehouse Income
Donations and Gifts
Rental Received
391
439
153
476
121
550
597
315
8,493
2,800
3.624
2.8
4,686
1,062
8,961
Other
Bank Interest
Other Income
Gift Aid Claim
70
1.150
9.762
210
11.192
70
7,486
9.762
350
17.668
6,336
6.078
9,257
140
6.476
15,339
Total Income and endowmen
83,524
7.538
91.062
79.208
Expenditure ¢)n:
Costs of 8eneratin8 donations and
legacies
Gifts related to church artbvities
4.603
4.603
4.090
8,693
8,693
4,473
4,473
Totsl ot expenditure on raislr
funds
4.603
8,693
4,473
Charitable activities
Storehouse Donations- Non Gift
Aid
17,225
4,368
21,593
19,978
17.225
4,368
21.593
19.978
Governance costs
Youth
1.653
1.653
1,653
1,653
509
509
Total of expenditure charitable
activitles
18.878
4.368
23.246
20.487
Other expenditure
Conferences
Catering
Entertainiftg
Events
11911
508
11911
711
660
333
33
547
203
740
671
1,411
Page 22

Grand Unlon Vlneyard Church Mllton Keynes
Detsiled Statement of FI￿ncial Arti¥ities
1.066
874
I,S73
Employee costs
Salarieslwages
Pension costs
50.899
3.293
54.192
50,899
3.293
54.192
43,566
4.103
47,669
Premises costs
Light, heat and power
Premises repairs and
maintenance
6.706
6,706
3,975
2.210
2,210
4,336
8.916
8,916
8,311
General administrative costs,
including depre¢iatroft and
amortisation
Depreciation of Plant &
machinery
Depreclation of Fixtures. frttings
& equipment
Bank charges
General insurances
software. IT support and related
costs
136
136
181
850
1.134
163
1.725
163
1.725
143
1.542
1.156
1.156
1,086
Stationery and printin8
Subscriptions
Sundry expenses
Telephone, fax and broadband
116
116
485
757
32
1,257
6,192
757
622
112
1,249
6,554
32
1.257
6,192
Legal and professional costs
Other legal and professional
costs
2.156
2,156
5,415
2.156
2,156
5,415
Total of expenditure of other costs
Totsl expenditure
72.522
874
73,396
69.522
96.003
9,332
105,335
94.482
Net gains on investments
Net expendlture
Transfers between funds
112.4791
11.7941
114,2731
115.2741
44.495
144.4951
Net expenditure before other
gainslllossesl
Other Gains
32,016
146.2891
114,2731
115,2741
Net movement In fvnds
32.016
146,2891
114,2731
115,2741
Recon¢lllatl¢n of funds..
Total funds brought forward
182.818
61.2
244,018
259,292
Totsl fvnds carried forward
214.834
14.911
229,745
244.018
Page 23