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
#111

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.
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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.
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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