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
#138

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.
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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.
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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.
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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
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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{$1 Ib) of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe:
• accounting records were not kept in accordance with section 386 of the 2006 Act . or
the flnancial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requSrement that the financlal statements give a 'true and fair, vlew whlch Is not a
matter considered as part of an independent examination; or
• the financlal statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparin8 their account5 In accordance wlth the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021.
I have no concerns and have come across no other matters In connectlon wlth the examinatlon to whlch
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Ebenezer Nelson-Addy ACCA
Trackrecords Management se￿ICe$ Limited
Unit 7 Cochran Close
Crownhill
Milton Keynes
MK8 OAJ
31 March 2025
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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
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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
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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
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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.
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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.
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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.
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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