Grand Union Vineyard Church Milton Keynes Charlty No. 1090567 Company No. 04301421 Trustees, Report and Unaudited Accounts 31 March 2024 'ADE20KDV• 1911012024 COMPANIES HOUSE A7
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Grand Union Vineyard Church Milton Keynes Contents Pages 3to8 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 9t09 IOtolO Summary Income and Expenditure Account Balance Sheet Iltoll 12to12 Statement of Cash flows 13to13 Notes to the Accounts 14to21 Detalled Statement of Financlal Activities 22to23 Page I
Grand Union Vineyard Church Milton Keynes Trustees Annual Report 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 charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 04301421 Charlty No. 1090567 Reglstered Office Netherfield Chapel Broadlands Netherfield Milton Keynes MK6 4YP Dlrectors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served durin8 the year: Christopher Robert Desmond Morley- Senior Pastor Nlcholas Edwin Freer- Chair of Trustees David Cooper- Treasurer David Nicholas Lee Natalie-Louise Burnapp Accountants Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAJ Page 2
Grand Unlon Vineyard Church Milton Keynes Trustees Annual Report l. Overview Grand Union Vineyard Church continued its mlnistry during the 2023 12024 period, operatin8 from Grand Union Vineyard Church Broadlands in Netherfield. Under the leadership of Senior Pastor Chris Morley and Associate Pastor Rachael Inwood, our church community remained committed to serving the people of Milton Keynes. Additionally, Alex Moodie continued as Pastoral Assistant, and Rachel Kleinsmith led the MK Storehouse, expanding our capacity to care for others. 2. Aims and Purposes As trustees, we bear the responsibility for managing the administration of Grand Union Vineyard Church and achievin8 our core aims and purposes. Our vision remains steadfast: to be a worshlpplng comrnunlty where anyone can encounter God, experience wholeness, and serve others. 3. Key Objectlves and Activities a. Sharlng the Good News: We welcome individuals of all backgrounds, regardless of faith or affiliation, to engage with our church activities. ii. Our minlstries include worship services, Life Groups, the MK Storehouse, Community Frldge, Famlly Soclals, Klntsugl Wellbelng, and other publlc events. iii. Notably, we continued our tradition of providing coffee and food on Sundays, running Alpha courses, and fostering community throu8h various 6atherin8S b. LSfe Groups and Personal Commltments: In the past year, we launched new Life Groups a space for people to share life together. 11. Participants commit to five essential principles: l. Rule of Life: Guided by intentional practices. 2. Scrlpture: Anchored In God'5 Word. 3. Worshlp: Engaging with God through praise and prayer. 4. Cornmunlty: Buildin8 authentlc relationships. 5. Soclal Justice: Advocating for the mar8inalized. c. Worshlp and Leadership Development: i. Our worship services continued at Netherfield, providing a place for spiritual growth and connection. 11. The Vineyard E55entia15 course, a two-year leadership development program, equipped emergin8 leaders within our church familv. lil. One member successfully completed the Vineyard College Course, a significant step toward future pastoral ministry. d. Chlldren's Mlnlstry: Despite its size, our children'5 ministry remained impactful, nurturing youn8 hearts and introducing them to Jesus. Overseas Support: We partnered with overseas projects that ali8n with our mission: l. The Eagle Project (Brazil): Running prayer groups and providing practical support. 2. Hope for Justlce: Combating injustice and sharing hope globally. Page 3
Grand Unlon Vineyard Church Milton Keynes .Trustees Annual Report 4. Equlpplng and Discipllng Followers of Jesus Christ a. Sunday Services i. Our Sunday mornin8 services continue to be a vital platform for equipping, teaching, and discipling both church members and visitors. We maintain an informal and relaxed atmosphere, welcoming new members both in person and online. 8aptism services have been a significant part of our worship during this period. iv. Children's church remains an integral component of our Sunday gatherings. b. Life Groups l. In place of Union Group5, we've succe55fully tran5itloned to Life Group5. ii. These smaller, intentional communities foster deeper relationships, spiritual groivth, and mutual support. Life Groups provide a space for discipleship, prayer, and shared life experiences. S. Prartically Showing the Love of Jesus a. MK Storehouse:. MK Storehouse continues to serve those in need by providing emergencv clothing packages. b. Communlty Frldge:. We continue to help to reduce food wasta8e by offering fresh, donated food to those in need through partnering with and hosting the Community Fridge initiative. c. Wellbeing Mornln8s (Now Kintsugi Hope):. Our safe and welcoming space for individuals over slxteen has evolved Into Kintsugl Hope courses. These sesslons provide rest, refreshment, and emotional support. d. Wlse Ones:.A group dedlcaied to combatlng Isolatlon by provldln8 companlonshlp and community. e. Famlly So¢lal (Stay and Play);. Parent5 connect whlle thelr chlldren play, enjoyln8 conversation and a shared meal. 6. MK Storehouse Overview MK Storehouse remalned highly actlve during the 202312024 period. ii. We collaborated closely with Milton Keynes Council and local charities to provlde emergency clothing packages. iii. Our ongoing relationship with MK Council has included explorin8 the possibility of a purpose-bullt charity hub a central resource for essential servlces. While challen8es exist, we remain committed to effective collaboration. b. Impact and Servl¢es Annual Uniform Event: In August, we equipped over 400 local school children with clothing for the academic year. ii. Refugee Support: We responded to the diverse needs of refugees from various back8rounds. iii. Cost of Living Crisis: Many families, including those in full-tlme employment, turned to MK Storehouse for asslstance. ¢. Guest support In 2023/2024, we supported 2516 guests-a 7% increase from the previous year. Page 4
Grand Union Wineyard Church Milton Keynes Trustees Annual Report d. Beyond ClothinR Our ministry extends beyond material provision. We build relationships with guests and signpost them to other agencles. including benefits advice, housing assistance, and wellbeing services. 7. Communlty Frldge a. Overview The Community Frldge inltlatlve continued at our Netherfield location. It Is Mana8ed by volunteer team led by Maggie Ferguson. ii. We received food donations from local supermarkets, senling 5,280 families during the revlew perSod-a 4% 8rowth. iii. The ministry diverted 48 tonnes of food waste from landfills, benefiting both the community and the environment. b. Emergency Support We provided 74 emergency food parcels to those In Smmedlate need. ii. We provided Christmas meals and Christmas presents ensured that 25 families could celebrate the season despite financial constraints. c. Cost of LlvSn8 Crlsls i. The increase in Community Fridge usage reflects the on80ing cost-of-livin8 crisis. 11. Famllies on benefits and those in full-tlme employment alike sought assistance. d. Holistlc Approach 1. 8eyond food, we signpost individuals to benefits advice, housing support, wellbeing services, and MK Storehouse for clothing. Charltable Partners Vlneyard Churches UK & Ireland We maintain a valuable partnership with Vlneyard Churches UK & Ireland. Thelr spiritual guidance, oversight, and support contribute to our mission. iii. We allocate 5% of our non-restricted giving to Vineyard Churches. b. Brldgebullder Bridgebuilder is a Christian schools, work charity which has been supporting schools In Milton Keynes for over 30 years. 11. They currently visit over 100 primary and secondary schools across Milton Keynes and surrounding villages. iii. They enable pupils to explore posltlve values and the Christlan faith, In accessible and memorable ways through assemblles, RE le550ns and projects. FINANCIAL REVIEW The management accounts show an overall net income of £114,061 for the year against net expenditure of £95,076. Giving an overall net surplus of £18,985. This is against a budgeted net income of £78,350 and a budgeted net expenditure of £87,300. The principal source of income was from unrestricted giving, totalling £68.4K in the year against a budgeted £60.OK. This was on a par with the prior year. The monthly income averaged at £5.7K, peaking at £9.82K in November 2023. Overall, income surpassed the anticipated budget by over £35K, helped by additional restricted giving both to specific areas of Church work and Storehouse as well as a grant received for works to The Netherfield Chapel building. Page 5
Grand Union Wineyard Church Milton Keynes .Trustees Annual Report Central overheads were generally in line with budget. Areas of overspend were in general running costs and utilities and where outreach work into the local community continued to grow both directly through the Church as well as through Community Fridge. It has been a good year for the Church which has continued to press forward with our outreach activities. Close monthly monitoring is maintained on restricted and reserve monies. Trustees are mindful of the impact on reserves and continue to monitor expenditure through monthly reporting at each month end. The financlal statements have been prepared in accordance with the accountlng policies set out in note I to the financial statements and cornply 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 appllcable In the UK and Republlc of Ireland {FRS 102)" (as amended for accountlng periods commencing from l January 2016. RESERVES POUCY Ratlonale We malntain reserves to cover fluctuations in income and expenditure, to allow for any unexpected major expendlture requlrement, or to rnitigate any decllne in the overall flnancial envlronment. We also believe that maintaining the free reserves at levels around three months running costs (where this is Possible), combined with appropriate reviews of the controls over key financial systems, provide sufficient resources in the event of unexpected adverse conditlons. Tarzet Level and Review The Olrectors and Trustees continue to keep under revlew an appropriate tar8et level. The unrestrlcted reserves are considered adequate at the end of the reporting period. Malntenance We review, on a regular basis, the level of reserves held. We continue to be encoura8ed that our church members, commStment has not faltered durln8 these challenging economic times. The church continues to fulfil its mission, as can be seen by its ongoin8 accomplishment of its goals, and in addition, we will continue to investigate more opportunities to serve those in the city and beyond and to Identify addltional potential sources of funding. Investment Powers and Pollcy Our artlcles authorise us to invest our funds and cash balances are currently held wlth Lloyds TSB. We have operated a policy of keepin8 available funds within interest-bearing deposit accounts having regard to liquidity requirements. The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. Rlsk Mana8ement The system5 of internal control are designed to provide reasonable, but not absolute, assurance against material mlsstatement or loss, They include: • an annual budget approved by the trustees; Page 6
Grand Unlon Vineyard Church Mllton Keynes Trustees Annual Report •regular consideratlon by the trustees of flnancial reports: delegation of authority and segregation of duties; and identification and management of risks. We aim to regularly review the main risks that the church faces. The trustees consider the key risks to a church like ours to be finances, safeguardlng, health & safety and human resources. We employ speciallst finance staff, are members of Thirtyone-eight to assist with safeguarding, have trustees with health and safety experlence and have specialist outsourced human resources competence to help manage these rlsks. We believe that the Internal financlal controls conform to guidelines issued by the Charity Commlssion. Structure, governance, and management Governlng Document Organlsatlonal Structure: We are a re8lStered 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 directors form the board of trustees. The liability of each trustee in the event of a windlng-up is limlted. 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: CRD MORLEY (SENIOR PASTOR) N FREER (CHAIR) D COOPER {TREASURER) DLEE N 8URNAPP (SAFEGUARDING) Appolntment of Trustees New trustees are appolnted when approprlate. Suitable candldates, who are selected from withln the church membership, are considered based on their skills, experience and sympathy with the aims of the church. New trustees have the opportunlty of revlewing appropriate documents, including the management accounts, as part of their induction process. Others are also co-opted to support the work of the Trustee5. 5enlor Leadershlp Team (SLT) The day to day runnin8 of the church is delegated to the employed pastoral and operational staff. The staff are led bv the Senior Pastor, Chris Morley, and comprising three employed staff. The Senior Leadershlp Team comprlses both employed staff and volunteers are as follows: Chris Morley (Senior Pastor) Rachel Kleinsmith {DSL, Outreach and Administration) Rachael Inwood {Assoclate Pastor and Worship) Rebecca Walters (Children's Church) Alex Moodie {Pastoral Carel Catherine Chapman Jonathan Chapman Charlyn Mandanji Isaac Mandanji The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 7
Grand Unlon VSneyard Church Milton Keynes ,Trustees Annual Report The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordan with the Charities SORP (FRS 102). Signed on behalf of the board icholas Edwin Freer Director & Trustee 31 March 2024 Page 8
Grand Union Vineyard Church Milton Keynes Independent Examiners Report Independent Examiner's Report to the trustees of Grand Unlon Vineyard Church Mllton Keynes I report to the charity trustees on my examination of the financlal statements of Grand Union Vineyard Church Milton Keynes for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act. Having satisfied myself that the financial statements of the Charlty are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examlnation, I report in respect of my examinatlon of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) (b) of the 2011 Act. Independent examlner'5 Statement I have completed my examlnatlon. I can confirm that no materlal matters have come to my attention in connettion with the examlnatlon givin8 me cause to believe: accounting records were not kept in accordance with section 386 of the 2006 Act ' or the financial statement5 do not accord with those records; 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 'true and fair, view which is not a matter consldered as part of an Independent examination; or • the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountlng and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and RepublSc of Ireland {FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drawn in thls report In order to enable a proper understandin8 of the financial statements to be reached. Mr. Ebenezer Nelson-Addy IFA Trackrecords Management Services Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAI 31 March 2024 Page 9
Grand Union Wineyard Church Milton Keynes .Statement of Financial Activities for the year ended 31 March 2024 Unrestrirted funds 2024 Restrirted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Other trading activities Other 91,114 21 1,850 4,917 439 92,964 4,938 5,229 10,930 79,320 439 4,790 10,930 3,397 7,906 Total 106,855 7,206 114,061 91,062 Expendlture on: Charitable activities Other 15,035 77,980 1,514 547 16,549 78,527 31,939 73,396 Total 93,015 2,061 95,076 105,335 Net 8alns on Investments Net Income/(expenditure) Transfers between funds 10 13,840 5,145 18,985 (14,273) Net incomellexpenditure) before other 8alns/(losses) 13,840 5,145 18,985 (14,273) Othergaln5 and lo$se5 Net movement In funds 13,840 5,145 18,985 114,2731 Reconclllatlon of funds: Total funds brought forward 207,393 22,344 229,737 244,011 Total funds carrled forward 221,233 27,489 248,722 229,738 Page 10
Grand Union Vlneyard Church Milton Keynes 3umrnary Income and expendlture Account for the year ended 31 March 2024 2024 2023 Income 114,061 91,062 Gross income for the year Expenditure 114,061 91,062 94,336 104,349 Depreciation and charges for impairment of fixed assets 740 986 Total expendlture for the year Net income/{expenditure) before tax for the year 95,076 105,335 18,985 114,273 Net Income /(expendlture )for the year 18,985 114,2731 Pa8e 11
Grand Union Vlneyard Church Milton Keynes . Balance Sheet at 31 March 2024 Company No. 04301421 Notes 2024 2023 Flxed assets Tangible assets 13 181,710 181,710 182,450 182,450 Current assets Debtors Cash at bank and in hand 14 7,559 61,129 68,688 11,6761 67,012 548 48,978 49,526 12,239} 47,287 229,737 Credltors: Amount falling due withln one year Net Current assets 15 Total assets less current Ilablllties 248,722 248,722 Net assets excluding pension asset or liability 229,737 Total net asset5 248,722 229,737 The funds of the charity Restrlcted funds Restrlcted Income funds 16 27,489 27,489 22,344 22,344 Unrestrlcted funds General funds Designated funds 16 204,233 17,000 207,393 221,233 207,393 Reserves 16 Total funds 248,722 229,737 These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ende'd 31 March 2024 the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with Section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 31 March 2024 And signed on its behalf by: icholas Edwin Freer Director & Trustee 31 March 2024 Page 12
Grand Union Vineyard Church Milton Keynes Statement of Cash flows for the year ended 31 March 2024 2024 2023 Cash flows from operating activities Net Incorne/(expenditure) per Statement of Flnanclal Actlvltlos 18,985 (14.2731 Adlustments for: Depreciation of property, plant and equipment Dividends, interest and rents frorn investments Increase in trade and other receivables Decrease in trade and other payables 740 (10,9301 (7,011) {562) 986 (17,6681 Net cash provided byl(used in) operatin8 artivities 1,222 (30,9551 Cash flows from Investlng actlvltles Dividends, interest and rents from investments 10,930 17,668 Net cash from Invgstlng artlvltles 10,930 17,668 Net cash from flnanclng actlvltles Net Increase/(decrease) In cash and cash equlvalents 12,152 113,287) Cash and cash equlvalents at the beglnnlng of the year 48,978 60,009 Cash and cash equlvalents at the end of the year 61,130 46,722 Components of cash and cash equivalents Cash and bank balances 61,129 48,978 61,129 48,978 Page 13
Grand Union Vineyard Church Milton Keyne$ Notes to the Accounts for the year ended 31 March 2024 l Accounting policies Basis of preparatlon The financial statements have been prepared in accordance with 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 (FRS 102) {effective I January 2015} (Charities SORP IFRS 10211, the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Change In ba51s of accountlng or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are 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 resenle representing the restatement of investment assets at their market values. These are available for use subject to restriction5 imposed by the donor or through terms of an appeal. Deslgnated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliabillty. Income with related Where income has related expenditure the income and related expenditure Is expenditure reported gross in the SOFA. Donations and legacies Voluntary income recelved by way of 8rants, donations and 8ifts Is Included In the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same tlme as the donations and 8ifts 8ift/donation to which 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 recelved is not Included In the accounts. Investment income This is included in the accounts when receivable. Gainsl{lossesl on This includes any gain or loss resultin8 from revaluin8 investments to market value revaluation of fixed at the end of the year. assets Gains/llosses) on investment assets This includes any gain or loss on the sale of investments. Page 14
Grand Union Vineyard Church Milton Keynes Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accrua15 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 cornprlse 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 dellvery of its activities and charitable activities seniices in the furtherance of its objects, including the making of grants and governance costs. 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 requirements of the Charity, including any audivindependent examination fees, costs linked to the strategic management of the Charlty, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activlty. Grants payable Governance costs Taxatlon The charity is exempt from corporation tax on its charitable activities. Tanglble flxed assets and depreclatlon Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful1Sfe: Freehold propertv Plant & machlnery Fixtures, fittings & equipment 0% Stralght Line 25% Straight Llne 2S% Straight Line Freehold Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All 8ains or losses are taken to the Statement of Financial Activities as they arise. Trade and other debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term highly liquid investments with 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. Pa8e 15
Grand Union Vineyard Church Milton Keynes .Notes to the Accounts Trade and other 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 reliably. Creditors and provisions are normally recognised at their settlement arnount after allowing for any trade discounts due. Penslon costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a penslon plan under which the company pays fixed contributions into a separate entlty. Once the contributions have been paid the company has no further payments obli8ations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. 2 Company status The company is a private company Ilmited by guarantee and consequently does not have share capital. 3 Statement of Financlal Activitles - prior year Unrestrlcted funds 2023 Restrlrted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Charitable activities Other 68,708 3,624 11,192 68,708 4,686 17,668 1,062 6,476 Tota 83,S24 7,538 91,062 Expenditure on: Ralsing funds Charitable activities 4,603 18,878 72,522 4,090 4,368 8,693 23,246 73,396 Other 874 Total 96,003 9,332 105,335 Net Income 112,4791 44,495 11,7941 144,495) (14,273) Transfers between funds Net income before other 8alns/(losses) Other galns and losses: Net movement In funds 32,016 146,289) 114,2731 32,016 146,2891 114,273) Reconcillatlon of funds: Total funds brought forward Total funds carrled forward 182,818 61,200 244,018 214,834 14,911 229,745 Page 16
Grand Union Vineyard Churth Milton Keynes Notes to the Accounts 4 Income from donatlons and legacies Unrestricted Restricted Total 2024 Total 2023 Unrestricted Giving Restricted Giving Gift Aid Claim Restricted Giving- Gift Aid Claim 68,429 7,000 15,685 68,429 7,100 15,685 68,708 850 loo 9,762 1,750 1,750 91,114 1,850 92,964 79,320 5 Income from charltable actlvltles Unrestrirted Restrirted Total 2024 Total 2023 General Activities Storehouse Donation- Gift Ald 4,917 4,917 439 21 21 21 4,917 4,938 439 6 Income from other tradlng actlvltles Unrestricted Restricted Total 2024 Totsl 2023 Rental Received 4,790 4,790 439 2,800 597 Storehouse Income 439 4,790 439 5,229 3,397 7 Other Income Unrestrlcted Total Total 2024 2023 Event Income Bank Interest Other Income 96 96 350 460 10,374 10,930 460 10,374 10,930 70 7,486 7,906 Page 17
Grand Union Vineyard Church Milton Keynes hlotes to the Accounts 8 Expenditure on charitable activities Unrestricted Restrirted Total 2024 Total 2023 Expenditure on choritobje activities General Activities Storehouse Donation- Gift Aid 12,977 1,234 14,211 21,593 2,594 280 2,874 8,693 Governance costs Leadership and Adjusted Expenditure {536) IS361 1,653 15,035 1,514 16,549 31,939 9 Other expenditure Unrestrirted Restricted Total 2024 Total 2023 Conferences Catering Entertalning Events 85 85 1191) 711 526 282 808 40 577 577 1,411 Employee costs Premises costs Amortisation, depreciation, irnpairment, profit/loss on dlsposal of flxed assets General administrative costs 62,193 6,567 62,193 6,832 54,192 8,916 265 740 740 986 5,117 2,135 77.980 5,117 2,135 78,527 5,206 2,156 73,396 Legal and professional costs 547 10 Net Sncomel{expendlture) before transfers 2024 2023 This is stated after chargin8.' Depreciation of owned fixed assets 11 Trustee remuneration and expenses 740 986 2024 Number 2023 Number The nature of the reimbursed expenses Consultancy Costs- Grant application Page 18
Grand Union Vineyard Church Milton Keynes Notes to the Accounts 12 Staff costs 2024 58,516 3,677 62,193 2023 50,899 3,293 54,192 Salarles and wages Pension costs No employee received emoluments in excess of £60,0. 13 TanKlble flxed assets Land and buildings Plant & ma¢hFnery Fixtures, flttings & equipment Total Cost or revaluation At l April 2023 At 31 March 2024 Depreclatlon and Impairment At l April 2023 Depreciation charge for the year At 31 March 2024 179,492 179,492 7,793 7,793 69,098 69,098 256,383 256,383 7,385 66,548 73,933 102 638 740 7,487 67,186 74,673 Net book values At 31 March 2024 At 31 March 2023 14 Debtors 179,492 179,492 306 408 1,912 2,550 181,710 182,450 2024 2023 Trade debtors 7,559 7,559 548 548 15 Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals 1,677 (i) 1,676 2,239 2,239 Page 19
Grand Union Vineyard Church Milton Keynes Notes to the Accounts 16 Movement in funds Incoming resources (including other At l April gainsllosses 2023 At31 March Resources expended 2024 Restrlrted funds: Restricted Income funds: Donatlons and Legacies Storehouse Donations and Income Gift Aid Claim Charitable Activities Netherfield (Venue Exp} Caterin8- INF Campus) 22,344 loo 22,444 5,356 1,750 5,356 1.750 (1,234) 1545} 1282) (1,2341 15451 (282> Total 22,344 7,206 (2,0611 27,489 Unr•strirted funds.. General funds 207.,393 89,855 193,015) 204,233 Designated funds: Unrestricted Giving Other Income 7,000 10,000 7,000 10,000 Total 17,000 17,000 Totsi funds 229,737 114,061 (95,0761 248,722 Purposes and restrictions Sn relatlon to the funds". Restricted funds: Donations and Legacies Storehouse Donations and Income Gift Ald Claim Charltable Actlvltles Netherfield - (Venue Exp) Caterin8- (NF Campus) Designated funds: Unrestritted Giving Other Income Page 20
Grand Union Vineyard Church Milton Keynes Notes to the Accounts 17 Analysis of net assets between funds Unrestrirted funds Totsi Fixed assets Net current assets 181,710 67,012 248,722 181,710 67,012 248,722 18 Reconciliation of net debt At31 March At l Aprll 2013 . Cash flows Z024 Cash and cash equivalents 48,978 48,978 12,151 12,151 61,129 61,129 Net debt 48,978 12,151 61,129 19 Commitments Operotlng lease commltments Annual commitments under non-cancellable operating leases are as follows: 2024 Land and bulldlngs 2024 2023 Land and bulldin8S 2023 Other Other Operating leases with expiry date: Pension commitments 2024 2023 The pension cost char8e to the company amounted to: 3,677 3,293 20 Related party dlsclosure5 Contmlllng party The company is limited by guarantee and has no share capital. thus no single party controls the company. Page 21
Grand Union Vineyard Church Milton Keynes Detailed Statement of Flnancial Activities for the year ended 31 March 2024 Unrestricte d funds 2024 Restricted funds 2024 Total funds Total funds 2024 2023 Income and endowments from: Donations and legacies Unrestricted Giving Restricted Givin8 Gift Aid Claim Restricted Givin8- Gift Aid Claim 68,429 7,000 15,685 68,429 7,100 15,685 1,750 92,964 68,708 850 9.762 100 1,750 1,850 91,114 79,320 Charitable activities General Activities Storehouse Donation- Gift Aid 4,917 4,917 21 4,938 439 21 21 4,917 439 Other tradin8 activities Rental Received Storehouse Income 4,790 4,790 439 5,229 2,800 597 3,397 439 439 4,790 Other Event Income Bank Interest Other Income 96 460 96 460 10,374 10,930 350 70 7,486 7,906 10,374 10,930 Total Income and endowments 106,855 7,206 114,061 91,062 Expendlture on: Charitable activlties General Activities Storehouse Donation - Gift Aid 12,977 2,594 15,571 1,234 280 1,514 14,211 2,874 17,085 21,593 8,693 30,286 Governance costs Leadership and Adjusted Expenditure (536) (5361 1,653 (536) (536) 1,653 Total of expenditure on charltable activities 15,035 1,514 16,549 31,939 Other expenditure Conferences Catering Entertaining Events 85 85 (191) 711 526 282 808 40 577 40 577 1,228 1.411 1,940 282 1,510 Employee costs Page 22
Grand Union Vineyard Church Milton Keynes Detailed Statement of Financial Activities Salaries/wages Pension costs 58,516 3,677 62,193 58,516 3,677 62,193 50,899 3,293 54,192 Prernises costs Llght, heat and power Premises repairs and maintenance 5,629 265 5,894 6,706 938 938 2,210 6,567 265 6,832 8,916 General administrative costs. including depreciation and amortisation Depreciation of Plant & machinery Depreciation of Fixtures, fittings & equipment Bank char8e5 General insurances Software, IT support and related costs 136 102 102 638 638 850 151 151 163 1,929 1,929 1,725 1,258 1,258 1,156 Stationery and pr5ntlng Subscriptions Sundry expenses Telephone, fax and broadband 70 879 16 814 5,857 70 879 16 814 5,857 116 757 32 1,257 6,192 Legal and professional costs Other legal and professlonal costs 2,135 2,135 2,156 2,135 2,135 2,156 Totsl of expendlture of other costs 77,980 547 78,527 73,396 Total expendlture Net gains on investments 93,015 2,061 95,076 105,335 Net income/(expenditure) 13,840 5,145 18,985 (14,273) Net Income/lexpendlture) before other gains/1105ses) Other Gains 13,840 5,145 18,985 (14,273) Net movement In funds 13,840 5,145 18,985 114,273) Reconciliation of funds: Total funds brought forward 207,393 22,344 229,737 244,011 Total funds carrled forward 221,233 27,489 248,722 229,738 Page 23