Grand Union Vineyard Church Mllton Keynes Charlty No. 1090567 Company No. 04301421 Trustees, Report and Unaudlted Accounts 31 March 2025 IWWM 'AEHM5A7F* 1711212025 COMPANIES HOUSE A25
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Grand Union Vineyard Church Milton Keynes Contents Pages 2to7 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 8t08 9t09 Summary Income and Expenditure Account 8alance Sheet IOtolO Iltoll Statement of Cash flows 12to12 Notes to the Accounts 13to21 Detailed Statement of Financial Activities 22to23 Page I
Grand Union Vineyard Church Mllton 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 financlal statements of the charlty for the year ended 31 March 2025. REFERENCE AND AOMINISTRATIVE OETAILS Company No. 04301421 Charlty No. 1090567 Registered Offlce Netherfield Chapel Broadlands Netherfield Milton Keynes MK6 4YP Olrectors and Trustees The Directors of the charltable company are Its Trustees for the purposes of charlty law. The followlng Dlrectors and Trustees served durin8 the year: Christopher Robert Desmond Morley - Senior Pastor Nlcholas Edwin Freer- Chair of Trustees David Cooper- Treasurer David Nicholas Lee Rachael Inwood Graham Dunn Oluwatuminu Omoniyl Balogun (Resigned 24/0812024 Natalie Burnapp (Resigned 01/1112024 l. Overview Grand Union Vineyard Church continued its ministry during the 202412025 perlod, operatin8 from Grand Union Vineyard Church Broadland5 in Netherfield. Under the leadership of Senior Pastor Chris Morley and Assoclate Pastor Rachael Inwood, our church cornmunlty remalned commltted to servlng the people of Milton Keynes. Additionally. Rachel Kleinsmith led the MK Storehouse, expanding our capacity to care for others. 2. Alms and Purposes As trustees, we bear the responsibility for managing the administration of Grand Union Vineyard Church and achieving our core alms and purposes. Our vlsion remain5 Steadfast: to be a worshlpplng Communlty where anyone Can encounter God, experience wholeness, and serve others. 3. Key Objectlves and Actlvltles a.Sharing the Good News: i. We welcome individuals of all backgrounds, regardless of faith or 8ffiliation, to engage with our church activities. ii. Our ministries include worship services, Life Groups, the MK Storehouse, Community Fridge, Family Socials, and other public events. iii. Notably, we continued our tradition of providin8 coffee and food on Sundays, and fostering Page 2
Grand Union Vineyard Church Mllton Keynes Trustees Annual Report community throu8h various 83therin8S. b.Life Groups and Personal Commitments: i. In the past year, we launched new Life Groups a space for people to share life together. ii. Participants commit to five essential principles: l. Rule of Llfe:Guided by intentional practices. 2. S¢rlpture:Anchored in God's Word. 3. Worship:Engaging with God through praise and prayer. 4. Communlty:Buildin8 authentic relationships. 5. Social Justlce:Advocating for the marginalized. c.Worshlp and Leadership Development: i. Our worship services continued at Netherfield, providing a place for spiritual growth and connection. ii. The Vineyard Essentials course, a two-year leadership development program, has equipped emerging leaders within our church familv. d.Children's Mlnistry: i.Despite its size, our children's ministry remained impactful, nurturing youn8 hearts and Introducln8 them to Jesus. 4. Equippin8 and Dlsclplln8 Followers of Jesus Chrlst a. Sunday Servlces i. Our Sunday morning services continue to be a vital platform for equipping. teaching. and discipling both church members and visitors. ii. We maintain an informal and relaxed atmosphere, welcoming new members both in person and online, iii. Children's church remains an integral component of our Sunday gatherings b.Llfe Groups i. In place of Unlon Groups, we've successfully transitioned to Llfe Groups. li. These smaller, Intentlonal communStles foster deeper relationshlps, splrltual grovrth, and mutual support. iii. Life Groups provlde a space for disclpleshlp, prayer, and shared Ilfe experiences. 5. Practically Showlng the Love of Jesus . MK Storehouse: MK Storehouse continues to serve those in need by providing emergency clothing packages. b. Community Frid8e: We continue to help to reduce food wastaEe by offering fresh, donated food to those in need through partnering with and hosting the Community Fridge initiative. c. Wise Ones:_A group dedicated to combating isolation by providing companionship and community. d. Family Social (Stay and Play);. an opportunity for parents to connect while their children play, enjoying conversation and a shared meal. Page 3
Grand Unlon Vineyard Church Milton Keynes Trustees Annual Report 6. MK Storehouse a. Overvlew i. MK Storehouse remained highly active during the 202412025 period. ii. We collaborated closely with Milton Keyne5 Council and local charities to provide emergency clothing packages. iii. Our ongoing relationship with MK Council has included exploring the possibility of a purpose- built charity hub a central resource for essential services. While challenges exist, including both the need and the costs of delivery born largely by the Church, we remain committed to effective collaboration. b. Impact and Servlces i. 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 varlous backgrounds. iii. Cost of Livin8 Cri51s'.Many families, Including those In full-time employment, turned to MK Storehouse for assistance. c. Guest Support l. In 202412025, we supported a $158htly higher number of guests than the previous yearfs number of 2516 5eeins again an increase from the previous year. d. Beyond Clothlng i.our rninistry extends beyond material provision. We build relationshlps with guests and signpost them to other agencies, including benefits advice, housing assistance, and wellbeing services. 7. Communlty Frldge a. Overvlew i.The Community Fridge initiative continued at our Netherfield location. It is Managed by volunteer team led by Ma88ie Fer8uson. 11.we received food donations from local supermarkets, serving well over 5,000 families during the review period. iii.The ministry diverted substantial amount of food waste from landfills, benefiting both the community and the environment. b. Emergency Support i. We provided emergency food parcels to those in immediate need. il. We provided Christmas meals and Christmas presents ensured that 25 families could celebrate the season despite financial constraints. c. Cost of Living Crisis l. The increase in Cornmunity Fridge usage reflects the ongoin8 Cost-of-living crisis. ii.Familie5 on benefits and those in full-tsme employment alike sought assistance. d. Holistic Approach i.Beyond food, we signpost individuals to benefits advice, housin8 SUPPOrt, wellbeing services, and MK Storehouse for clothing. Page 4
Grand Union Vlneyard Church Milton Keynes Trustees Annual Report 8. Charitable Partners a. Vineyard Churches UK & Ireland i.we have maintained our partnership with Vineyard Churches UK & Ireland. ii.VCUKI provide spiritual guidance. oversight, and support contribute to our mission. iii. We have allocate 5% of our non-restricted giving to Vineyard Churches. b. Brldgebuilder i.Bridgebuilder is a Christian schools, work charity which has been supporting schools in Milton Keynes for over 30 years. ii.They currently visit over 100 primary and secondary schoo15 across Milton Keynes and surrounding vlllages. iii.They enable pupils to explore positive values and the Christian faith, in accessible and memorable ways through assemblies, RE lessons and projects. FINANCIAL REVIEW The management accounts show an overall net income of £88,839 for the year against net expendlture of £114,432. This resulted in a net loss of £25,593. This is against a budgeted net income of £84,248. The principal sources of income comprised donations of £76,611. This showed a decline from £92,964 in the previous year, a year which was also SUPPOrted by grant Income in excess of £10,000. Expenditure in 2025 was some £19,356 higher than in 2024. However this is sl8n5ficantly explained by the incurrin8 of sorne £14,000 of expendlture on the replacement of the floor covering within GUV'S Building in the financial year of 2024125 (having been funded in significant part by grant funding received in 2023124. On a Ilke for like basls, expenditure was less than £5,000 higher than the previous year. The incurrln8 of cost on the replacement floor covering in this flnancial year (havlng been funded by funds received in the previous financial year) accounts for over half of the net loss reported this year. It has been a year in which much has been achieved by the church and in investment in the building and activitles including the sustaining to date of activities such as MK Storehouse whlch dlstributes clothSn8 and provldes support to those In need. However St Is apparent there has been a signiflcant decline In giving in the year, which has impacted upon our financial outcomes. It is likely that this will continue to manifest itself in the future, and potentially accelerate, and trustees and mindful of the need to monitor carefully both income and expenditure in the coming year and take such actions as may become necessary. Close rnonthly monltoring is maintained on restricted and reserve monies. Trustees are mindful of the impact on reserve5 and continue to monitor expenditure through monthly reportin8 at each month end. 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 artlcles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting periods commencing from l January 2016. Page 5
Grand Union Vineyard Church Mllton Keynes Trustees Annual Report RESERVES POLICY Rationale We maintain reserves to cover fluctuations in income and expenditure, to allow for any unexpected major expenditure requirement, or to mitigate any decline in the overall fjnancial environment. We also believe that rnaintaining the free reserves at levels around three months running costs (where this is possible), combined with appropriate review5 of the controls over key financial systems, provide sufficient resources in the event of adverse conditions for instance which we anticipate in the coming year. Target Level and revlew The DSrectors and Trustees continue to keep under review an appropriate tar8et level. The unrestricted reserves are considered adequate at the end of the reporting period. Maintenance We review, on a regular basis, the level of reserves held, We continue to be encouraged that our church members, commltment has not faltered substantially during these challenging economic tlmes, although a decline in giving is anticipated in 2025/6. The church contlnues to look to fulfil its mission, as can be seen by its ongoing accomplishment of its goals, and in addition, we will contlnue to investlgate more opportunitles to serve those in the city and beyond and to Identify addltlonal potentlal sources of funding. Our articles authorise us to invest our funds and cash balances are currently held with Lloyds TSB. We have operated a pollcy of keeping available funds within interest-bearin8 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 Management The systems of internal control are deslgned to provlde reasonable, but not absolute, assurance against material misstatement 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 mana8ement of risks. We alm to regularly revlew the maln risks that the church faces. The trustees consider the key risks to a church like ours to be flnances, safeguardlng, health & safety and human resources. We employ speclallst finance staff, are members of Thirtyone-eight to assist with safeguarding, and have Specialist outsourced human resources competence to help manage these risks. Strurturei governance. and management Governing Document Orgonisational Structure.. We are a registered charity, duly constituted by means of our Memorandum and Articles of Associatlon 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 winding-up is limited. The trustees, who are also the directors for the purpose of company law, and who served during thls financial year were: Page 6
Grand Union Vlneyard Church Milton Keynes Trustees Annual Report Christopher Robert Desmond Morley- Senior Pastor Nicholas Edwin Freer- Chair of Trustees David Cooper- Treasurer David Nicholas Lee Rachael Inwood Graham Dunn Oluwatumlnu Omonlyi Balogun (Resigned 24108/2024 Natalie Burnapp (Resigned 0111112024 Appolntment of Trustees New trustees are appointed when appropriate. Suitable candidates, who are selected from within the church membership, are considered based on their skills, experience and sympathy with the aims of the church. New trustees have the opportunity of reviewing appropriate documents, including the management accounts, as part of their induction process. Others are also co-opted to support the work of the Trustees. Senlor Leodershlp Team ISL T) The day to day running of the church is delegated to the employed pastoral and operational staff. The Trustees are responslble for keepln8 proper accountlng 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. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies reglme as set out In Part 15 of the Companles Act 2006 and In accordance with the Charitles SORP {FRS 1021. The trustees declare that they have approved the trustees, report above. Sl8ned on behalf of the board Nlcholas Edwin Freer Dlrector & Trustee 31 March 2025 Page 7
Grand Union Vineyard Church Mllton Keynes Independent Examiners Report Independent Examiner's Report to the trustees of Grand Union Vineyard Church Milton Keynes I report to the charity trustees on my examination of the financial statements of Grand Union Vineyard Church Milton Keynes for the year ended 31 March 2025. 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 Charity are not requlred to be audited under Part 16 of the 2006 Act 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 Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{$1 Ib) of the 2011 Act. Independent examinerfs statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe: • accounting records were not kept in accordance with section 386 of the 2006 Act . or the flnancial statements do not accord with those records; or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requSrement that the financlal statements give a 'true and fair, vlew whlch Is not a matter considered as part of an independent examination; or • the financlal statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparin8 their account5 In accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters In connectlon wlth the examinatlon to whlch attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Ebenezer Nelson-Addy ACCA Trackrecords Management seICe$ Limited Unit 7 Cochran Close Crownhill Milton Keynes MK8 OAJ 31 March 2025 Page 8
Grand Unlon Vlneyard Church Mllton Keynes Statement of Financial Activities forthe year ended 31 March 2025 Unrestrtrted funds 2025 Restrlcted funds Total funds Totsl funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charltable activities Other trading activities Other 74,111 195 5,930 616 2,500 4,835 652 76,611 5,030 6,582 616 92,964 4,938 5,229 10,930 Total 80,852 7,987 88,839 114,061 Expendlture on: Charitable activities Other 10,311 79,886 24,105 130 34,416 80,016 16,549 78,527 Total 90,197 24,235 114,432 95,076 Net galns on investments Net {expendlture)/lncome Transfers between funds 10 {9,345) (7,7221 116,248) 7,722 {25,593) 18,985 Net (expendlture)Ilncome before other galns/(10sses) 117,067) 18,5261 125,593) 18,985 Other galns and1055es Net movement In funds 117,067} (8,526) 125,593) 18,985 Reconclllatlon of funds: Total funds brought forward 221,233 27,489 248,722 229,737 Total funds carrled fonvard 204,166 18,963 223,129 248,722 Page 9
Grand Union Vlneyard Church Milton Keynes Summary Income and Expenditure Account for the year ended 31 March 2025 2025 2024 Income 88,839 114,061 Gross Income for the year Expenditure 88,839 114,061 114,432 94,336 Depreciation and charges for Impalrment of fixed assets 740 Total expendlture for the year Net {expendlture)/income before tax for the year 114,432 95,076 (25,5931 18,985 Net (expendlture )/lncome for the year {25.593) 18,985 Page 10
arand Unlvn VlnYyJrd Chufeh Mlltvn KeynY> Balance Sheet at 31 March 2025 Company No. 04301421 Notes 2025 2024 Flxed assets Tangible assets 13 181,710 181,710 181,710 181,710 Current assets Debtors Cash at bank and in hand 14 2,805 40,413 43,218 11,799) 41,419 223,129 7,559 61,129 68,688 11,676) 67,012 Creditors: Amount falling due within one year Net current assets 15 Total assets less current Ilabllltles 248,722 Net assets excludlng penslon asset or Ilablllty 223,129 248,722 Total net assets 223,129 248,722 The funds of the charlty Restrlcted funds Restricted income funds 16 18,963 18,963 27,489 27,489 Unrestricted funds General funds Desi8nated funds 16 213,512 19,3451 204,166 221,233 221,233 Reserves 16 Total funds 223,129 248,722 These accounts have been prepared in accordance wlth the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 March 202S the company was entltled to exemption under section 477 of the Companies Act 2006 relatin8 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 complyin8 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 2025 And slgned on its behalf by: Nicholas Edwin Freer Director & Trustee 31 March 2025 Page 11
Grand Union Vineyard Church Milton Keynes Statement of Cash flows for the year ended 31 March 2025 2025 2024 Cash flows from operatlng actlvlties Net lexpenditure)/lncome per Ststement of Flnancial Activities (25,593) 18,985 Adjustments for: Dividends, interest and rents from investments Other 8ain5llosses Decrease/(Increasel in trade and other receivables Increase/{Decrease) in trade and other payables (616} (10,930) 4,754 123 (7,011) (562) Net cash (used In)/provlded by operatlng actlvltle5 (21,3321 1,222 Cash flows from Investlng artlvltles Dividends, interest and rent5 from investments 616 10,930 Net cash from Investln8 actlvltles 616 10,930 Net cash from flnanclng actlvltles Net {decrease)Ilncrease In cash and cash equlvalents 120,7161 12,152 Cash and cash equlvalents at the be8lnning of the year 61,129 48,978 Cash and cash equivalents at the end of the year 40,413 61,130 Components of cash and cash equlvalents Cash and bank balances 40,413 61,129 40,413 61,129 Page 12
Grand Union Vlneyard Church Mllton Keynes Notes to the Accounts for the year ended 31 March 2025 l Accountlng pollcles Ba51s of preparatlon The financial statement5 have been prepared in accordance wlth Accountln8 and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effective I January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 102} and the Companies Act 2006. Change In basls of accounting or to prevlous accounts There has been no change to the accounting policies (valuation rules and method of accountin8} 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 dlscretlon 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 unrestrScted funds whlch Include a revaluation reserve representlng 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 Income Recognition of Income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entltled to, and vlrtually certain to recelve, the income and the amount of the income can be measured with sufficlent reliability. Income with related Where incorne has related expenditure the income and related expenditure Is expenditure reported gross in the SOFA. Donations and legacies Voluntary income recelved by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the Income. Tax reclalms on Income from tax reclaims is Included in the SOFA at the same time as the donatlons and gifts 8iftldonatlon to which It relates. Oonated services These are only included in income (with an equivalent amount in expenditure) and facilitie5 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 incorne This is included in the accounts when receivable. Gains/llosse51 on This includes any 8ain or loss resultin8 from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on Investment assets Thi5 includes any gain or loss on the sale of investments. Page 13
Grand Unlon Vineyard Church Mllton Keynes Notss to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure Includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable actlvities servlces in the furtherance of its objects, including the maklng 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 audit/independent examination fees, costs Ilnked to the strategic mana8ement of the Charlty, together with a share of other administration costs. These are support costs not allocated to a partlcular activity. Grants payable Governance costs Other expenditure Taxation The charlty is exempt from corporatlon tax on Its charltable actlvltles. Tangible fixed assets and depreciation Depreciation Is provided at the following annual rates in order to wrlte off each asset over Its estimated useful life: Freehold property Plant & machinery Flxtures, fittings & equipment 0% Straight Line 25% Stralght Line 25% Straight Line Freehold Investment property Investment properties are measured inltially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Flnancial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are reco8nised at falr value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 14
Grand Union Vineyard Church Milton Keynes Notss to the Accounts 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 orlginal maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction prlce. 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 estlmated reliably. Creditors and provislons are normally recognised at their settlement amount after allowing for any trade discounts due. Research and development Expenditure on research and development Is wrltten off In the year In which it Is Incurred. Forel8n currencles Monetary assets and liabllities denominated In currencies other than the functional currency of the charlty are translated at the rates of exchange prevaillng at the end of the reportin8 period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transactlon occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risk5 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 are initially recognised as assets of the charity at their fair value at the inceptlon 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 obllgaiion so as to achieve a constant rate of interest on the rernainlng balance of the liabillty. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised In accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognlsed as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity 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 contributions have been paid the company has no further payments obligations. 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. Page IS
Grand Unlon Vlneyard Church Milton Keynes Notss to the Accounts Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. 2 Company status The company is a private company limited by guarantee and consequently does not have share capital. 3 Statement of Financial Activities - prlor year Unrestrlrted funds 2024 Restrlcted funds Total funds 2024 2024 Income and endowments from: Donations and legacies Charitable activities Other trading activities Other 91,114 21 4,790 10,930 1,850 4,917 439 92,964 4,938 5,229 10,930 Total 106,855 7,206 114,061 Expendlture on: Charitable activities 15,035 77,980 1,514 547 16,549 78,527 Other Total 93,015 2,061 95,076 Net Income 13,840 5,145 18,985 Net Income before other galns/(losses) Other salns and losses: Net movement In funds 13,840 5,145 18,985 13,840 5,145 18,985 Reconclllation of funds: Total funds brought forward Total funds carried forward 207,393 22,344 229,737 221,233 27,489 248,722 4 Income from donatlons and legacles Unrestricted Restrirted Total Total 2025 2024 Unrestricted Giving Restricted Giving Gift Ald Claim Restricted Giving - Gift Aid Claim 62,822 62,822 2,500 11,289 68,429 7,100 15,685 2,5(M) 11,289 1,750 74,111 2,500 76,611 92,964 Page 16
Grand Unlon Vineyard Church Mllton Keynes Notes to the Accounts 5 Income from charltable artivitie5 Unrestricted Restrirted Total 2025 Total 2024 General Activities Storehouse Donation - Glft Aid 4,835 4,835 4,917 195 195 21 195 4,835 5,030 4,938 6 Income from other tradlng artivltles Unrestricted Restrirted Total 2025 Total 2024 Rental Received 5,930 5,930 652 4,790 439 Storehouse Income 652 5,930 652 6,582 5,229 7 Other Income Unrestrlcted Total Total 2025 2024 Event Income 96 Bank Interest Other Income 432 184 616 432 184 616 460 10,374 10,930 8 Expendlture on charltable actlvltles Unrestrfcted Restricted Total Total 2024 2025 Expenditure on charitable octivities General Actlvities Storehouse Donation- Gift Aid 7,697 7,760 15,457 14,211 1,686 16,115 17,801 2,874 Governance costs Leadership and Adjusted Expenditure 928 230 1,158 (536) 10,311 24,105 34,416 16,549 Page 17
Grand Union Vineyard Church Mllton Keynes Notes to the Accounts 9 Other expenditure Unrestrlrted Re5trlcted Total 2025 Total 2024 Conferences 937 937 85 Catering Entertaining Events 234 234 808 202 130 332 40 19 19 577 Employee costs Premises costs Amortlsatlon, depreciatlon, irnpairment, profit/loss on disposal of fixed assets General administrative costs 65,351 6,298 65,351, 6,298 62,193 6,832 740 4,676 2,169 79,886 4,676 2,169 80,016 5,117 2,135 78,527 Legal and professional costs 130 10 Net (expendlture)/lncome before transfers 2025 2024 This is stated after charging: Depreciatlon of owned flxed assets 11 Trustee remuneration and expenses 740 2025 Number 2024 Nuniber Number of trustees paid expenses The nature of the reimbursed expenses Consultancy Costs- Grant application Total employee benefits received by trustees 12 Staff costs 2025 52,332 9,179 3,840 65,351 2024 58,516 Salarles and wages Social security costs Pension costs 3,677 62,193 No employee received emoluments in excess of £60,000. Total employee benefits received by key management personnel Page 18
Grand Unlon Vineyard Church Mllton Keynes Notes to the Accounts 13 Tangible fixed assets Land and buildlngs Plant & machinery Fixtures, flttln8s & equlpment Total Cost or revaluation At l April 2024 At 31 March 2025 D•preclatlon and impairment At l April 2024 At 31 March 2025 179,492 179,492 7,793 7,793 69,098 69,098 256,383 256,383 7,487 7,487 67,186 67,186 74,673 74,673 Net book values At 31 March 2025 At 31 March 2024 14 Debtors 179,492 179,492 306 306 1,912 1,912 181,710 181,710 2025 2024 Trade debtors 2,805 2,805 7,559 7,559 IS Creditors: amounts fallinE due within one year 2025 2024 Other creditors Accruals 1,799 1,677 (i) 1,676 1,799 Page 19
Grand Unlon Vlneyard Church Mllton Keynes Notes to the Accounts 16 Movement in funds Incomlng resources At31 March 2025 (Including At l Aprll other 2024 8ains/losses) Resources expended Gross trdnsfers Restricted funds: Restrlcted Income funds: Donations and Legacies 27,489 7,987 (24,235) 7,722 18,963 Total 27,489 7,987 (24,2351 7,722 18,963 Unrestrlcted funds: General funds 221,233 (7,7221 213,512 Deslgnated funds: Unrestricted Giving rotol 80,852 (90,197) {90,197) (9,345) 19,345) 80,852 Total lunds 248,722 88,839 (114,432) 223,129 Purposes and restrictions In relation to the funds: Restricted funds: Donations and Legacies Desi8nated funds: Unrestricted Giving 17 Analysis of net assets between funds Unrestrlcted funds Restrlcted funds Total Fixed assets 181,710 20,904 202,614 181,710 41,419 223,129 Net current assets 20,515 20,515 18 Reconciliation of net debt At31 March 2025 At l April 2024 Cash flows Cash and cash equivalents 61,129 61,129 120,7161 (20,716) 40,413 40,413 Net debt 61,129 {20,716) 40,413 Page 20
Grand Unlon Vineyard Church Milton Keyne5 Notes to the Accounts 19 Commitments Operating lease commitments Annual commitments under non-cancellable operating leases are as follows: 2025 Land and bulldings 2025 2024 Land and buildings 2024 Other Other Operating leases with expiry date: Penslon commltments 2025 2024 The pension cost charge to the company amounted to: 3,840 3,677 20 Related party dlsclosures Controlllng party The company is limlted by guarantee and has no share capital; thus no single party controls the companv. Page 21
Grand Union Vineyard Church Mllton Keynes Detailed Statement of Financial Activitles forthe year ended 31 March 2025 Unrestrlcte d funds 2025 Restricted funds 2025 Total fvnds Total funds 2025 2024 Income and endowrnents from: Donations and legacies Unrestricted Giving Restricted Giving Gift Aid Clalm Restricted Giving - Gift Aid Claim 62,822 62,822 2,500 11,289 68,429 7,100 15,685 1,750 92,964 2,500 11,289 74,111 2,500 76,611 Charitable activities General Actlvities Storehouse Donation - Gift Aid 4,835 4,835 195 5,030 4,917 21 4,938 195 195 4,835 Other tradlng actlvities Rental Received Storehouse Income 5,930 5,930 652 6,582 4,790 439 5,229 652 652 5,930 Other Event Income Bank Interest Other Income 96 460 10,374 10,930 432 184 616 432 184 616 Total income and endowfflents 7,987 88,839 114,061 Expendlture on: Charitable activities General Activities Storehouse Donatlon - Glft Ald 7,697 1,686 9,383 7,760 16,115 23,875 15,457 17,801 33,258 14,211 2,874 17,085 Governance cost5 Leadership and Adjusted Expenditure 928 230 1,158 (536) 928 230 1,158 (536) Total of expendlture on charftable artivltles 10,311 24,105 34,416 16,549 Other expenditure Conferences Catering Entertaining Event5 937 234 937 234 332 19 1,522 85 808 40 577 1,510 202 19 1,392 130 130 Employee costs Page 22
Grand Union Vineyard Church Milton Keynes Detailed Statement of Financial Actlvities Salarle5/wages Employer's NIC Pension costs 52,332 9,179 3,840 65,351 52,332 9,179 3,840 65,351 58,516 3,677 62,193 Premises costs Li8ht, heat and power Premises repairs and maintenance 5,278 5,278 5,894 1,020 1,020 938 6,298 6,298 6,832 General administrative costs, including depreciatlon and amortisation Depreciation of Plant & machinery Depreciation of Flxtures, fittin8S & equipment Bank charges General insurances Software, IT support and related costs 102 638 lis 115 151 2,044 1,929 1,048 1,048 1,258 Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband 163 881 163 881 70 879 16 814 5,857 425 4,676 425 4,676 Legal and professional costs Other legal and professlonal costs 2,169 2,169 2,135 2,169 2,169 2,135 Total of expenditure of other costs Total expendlture Net gains on investments 79,886 130 80,016 78,527 90,197 24,235 114,432 95,076 Net {expendlture)/income Transfers between funds {9,345) (16,2481 (25,593) 18,985 17,722) 7,722 Net (expendlture)/lncome before other galns/(losses) Other Gains (17,067) (8,526) {25,593) 18,985 Net movement in funds {17,067) {8,526} 125,593) 18,985 Reconclllatlon of funds: Total funds brought forward 221,233 27,489 248,722 229,737 Total funds carrled forward 204,166 18,963 223,129 248,722 Page 23