WELLS VINEYARD CHRISTIAN FELLOWSHIP A company Limlted by Guarantee Report and Accounts For the Year Endlng 31 March 2024 •M)LFiKCJ* 21112r2024 ¥161 Company Number: 04749285 Charity Number: 1098W5
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 March 2024 Table of Contents Company Informatlon......................... Report ofthe Direttors.............................-.... structure, Governtince & Manogement.....- Objertives ondArtivitie5..............................-.-.....-. .- .. . Achievements ond Performance....... .. plansfor Future Perlod5.. Flnonclal Revlew..-..... Directors'respon5ibilities......................................... Statement of FinarKial Activitles........................................ Balance Sheet................ ..... ..... Notes to the Financlal Statements....... .10 Independent examlnerfs report to the Trustees of Wells Vineyard Christian Fellowshlp..,,.,,.. .16 Page 12
WELLS VINEYARD CHRisfiAN FELLOWSHIP For the Year Ending 31 Marth 2024 Company Information Charity Number 1098005 Company Number 4749285 Reglstered Olfice 6 Barkham Close Wells Somerset BAS 2XU Operation•1 Addr•ss•s Wells United Church Unlon Street Wells Somerset 8A5 2PU Dlrectors ITru5tee5) S. Marland (appointed 23109/2019) N. Dyke lappolnted 201a7120201 S. Mechen (appointed 08110120201 M Wllllams lappoSnted 24101120241 F Cawley lappolnted 24101120241 Prlnf Iple 8ankers HSBC Bank plc l Market Place Wells Somerset 8A5 2RN Page 13
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 March 2024 Report of the Directors A. Structure. Governance & Management Governln8 Document The organisavon is 3 charitable company limited by guarantee. incorporated on 30 Aprll 2003 and registered as 3 charlty on 13 June 2003. The company was ertablished under a Memorandum of Association that established the objerts and powets of the tharitable company and is 8overned under its Articles of Association. In the event of the company bein8 wound up members are required to contrlbLrte an amount not exceeding £10. Recrultment and Appointfflènt of Dlrectors l Trustees The dirertors of the charitable company are the charlty trustees and are the members of the company. They are responsible for Investing and expending the funds of the charity in such manner as they shall conslder most beneficial for the achlevement of the objects. They erter into contracts on behalf of the charity, They a iesponsible for the proper mana8ement and a(Iministratlon of the charltable company In accordance wlth the Memorandum and Articles of Association. The trustees are not subject to retirement by rotation and may Serve untll they rerlre or are removed In accordance with the Articles of Associatlon. Appointmenls are made by members of the cc)mpany at its Annual General Meetln6 or at other tlme5 by ordinary resolution. Trustèès are recruited for thelr ability to manage the charity In accordance with the provisions of the Memorandum and Articles of Associatlon and In furtherance of its objects and In so doing they shall have full and proper regard to the splrlrual leèdership ol the ¢hur¢h. The present trustees hwe a varlety of backgrounds and ski115 and the board seek$ ro maintaln an èpproprlate range of skills to match the tasks undertaken by the board. Trustees must be famllSar wlth the ?ctivitie5 of the charlty and be in 5VmPathy with them. Trustees are therefore likely to come from wlthln the Vineyard rnovement. Potential trustees are identified by the existin8 trustees, discussed with the other trustees then approached to Check their availability. Trustees must subscribe to the Statement of bellefs Set out In the schedule to the artlcles. Tr8lnin8 of Trustees will be on an ongolng basS$ through attendance of trustee meÈtln8s and In$truttlon and guidance from existing rrusrees. New trustees will be encouraged to seek outside training from all source5 available to further their urKler5tanding of the role ihe¥ lake on and to enhance their skills for not only thelrs but also the Charity's benefft. Risk Analy515 The director5 have assessed the major risks to which the charity is exposed and where ne$Sary havo taken steps to mlnimise such r15ks. The Trustees have undertaken a Rlsk Analysis of ¢ur operatlons and each area will be subjett to gUlar review. A Risk poIV docUftt 15 held ty the Pastor and copied to the Trustee5. Risk assessment is undertaken at each quartertyTrustees Meetin8 on an onioin8 basis. reviewin8 any change5 in the format fequired. Child protertion Issues are covered by a policy and guidellnes document. Disclosure Barring Service check5 are completed for all who work with children and advice is acce55ible from CCPAS. The Charity Trustees are 5irnilarly 5ublerted to re8Jlar D85 checks. Procedures are in place to Ènsure compliance wtth Heahh & Safety issues covering stJff. volunteers and visitors. A key element in the management of financial risk is the settin8 of a reserves policy and its reBu1ar revlew by trustees Pa8e14
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Endlng 31 March 2024 8. Objectives and Activities Objectlves of the Charitable Companv The objective5 of chartrable company are: to advance the Christlan far¢h in accordance with the Ststement of Bellefs; to advance religious or secular education; to relieve pers¢ns who are In conditions of need, haTdshlp or who are a8ed or sick and to relieve distress. Actlvltles- How our actfvltles provide a publlc benefft The Charity carries Qut a wide range of activities in pursuance of its ¢haritable aims. Attivities through the year were still aimed ar inirixlucin8 mre people to Jesus, deep¢nln8 their relationshlp and knowledge of him and providing support and encouragement to those In need. Our Sunday main service provides a venue for worship, teathin& relationship building ané prayer Mlnistry. In addltlon, Small Group5 provide a settlng for sharin8 and learning In a smaller more Intlmate settlni. Pastoral care and sUPPOrt are available to all. The runnin8 of Alpha 8roups is becoming a regular feature of the church's calendar. Wells Vlneyard Church has had two compassion ministrles- a foodbank whKh operates for two sesslons every week and a lurnitUTe storehouse whlch collects and dellvers items to equip a home, normally on¢e week. Both of these minlstfies are in the process of bein8 established as a Charity in their own right and wlll cease to be a function of Wells Vineyard ch[tIan Fellowship at the end of this 2023124 financial year. We115 Vlneyard plays an actfve part in working wlth other Wells Churches and It5 leaders meet wlth the leaders of other Wells Churches, as CTWA- Christians To8ether in the Wells Area. on a regular ba51s. C Achievements and Performance Advancln8 the Chrlstian Faith Thls year has been one of greater 5tabilrryforthe church. with several new members makin8 Wells Vineyard their home. Stron8 core leadershSp and new Trurtees have confjnued to Strengthen the chur¢h and enable posltlve, healthy 8ro¥V<h. 5 MaTland has malntalned the community relatlonships berween the Wells Vlneyard Church and other Churches and organisations in Wells. In particular, S Marfand has played an 3ctNe role in CTWA Ichrlstlarns Together Wells Areal and the WCN (Wells Coronavirus Network) now the Wells Community Network. Flnanclal supwrt was provideLI to Vineyard Churches UK for trainin8 and church planting. The church remains commltted to Identlfying and training F)Otential chur¢h planter5 for the future. Compa551on mlnlstry continues to be a prlorlry for Wells Vlneyayd and the wlll be new Inltlatlves belng established in the coming year. Pa8e15
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 fvlarch 2024 Advance Religious and Secular Educatk)n Training was enjoyed by ?[ the leadership and Church members, in panicular, variousvineyard Leader5, gatherings at both the natlonal and regional le¥e15. were instrumental in ble55ing our Church community with empowerment and erj13Bement. Wells Vlneyard Church remains committed to devekiplng beadership qualitie5 and gifts. especially looking to train up the nert 8eneratiL)n of leaders. The Worship Team attended a weekend of Worship Leadin8 Development and several church members accompanied 5 teenagers on the Dreamlng The Imposslble - DTI Camp, Inthe summer. Rellef of need and hardshlp support has continue(J for various or8anlsatlon5 that work to Telve need and hardshlp Includlng the sportsorshipi through Compassion International, of three thildren, one In Indonesia, one in Kenya and one In Nicaragua. Several members of the congregation also personally support chlldren through thi5 minlstry We continue to 5UPPOrt other causes in the UK and workjwide on a re8ular basis a¢¢ording to need. D. Plans for Future Perlods The overall aims of the next year will be to progress furtheT With youth ministry. Offer at least two Alpha courses In the communlty, coordlnate an Outreach programme in July 2025 planning several event9 wSth the involvement of the CTWA Churches. Prayer Ministry in all areas of the Church Is somethin8 that contlnues to be a Browlng prlorlry. E. Flnancial Revlew Income for the perlod was £76,56112023 - £132,994) wlth expendfture of £80,295 {2023 - E78,0391 resulting In a profit/ldefi(itl of Irkwme over expenditure by1£3.7341,12023- £54,955). Outward donatlon5 went to vaTiOU5 needy or8anisatlons. The minimum target of IO% of income lexcludlng the restricted Incomel was achleved. Grant makln8 pollcy Grants are made, subject to an overdll minimum guidJn¢e limit of IO% of the Charty's Income, to individuals or organisations for use in furtherance of the Chariry's objettlves. Reserves Poli The target reserve policy, which is to maintain a level of cover for njnning co5t5. which will ensure continuation of operètions for at least Six months. Is stlll in forcè and will continue to be monitored and action taken if required. Thi5 was achieved and a separate HSBC bank account fund of £IO.O(M) has been maintained throughoutthe period. Investment Poliry Funds are placed into inteie5t bearing accounts when a surplus over runnlni costs is available Page16
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 March 2024 Funds held as custodlan trustee on behalf of others The Trustees hold as custodian Trustees all monies on behalf of the charty. F. Directors responsibilities Company law requires the dirertors to pPare Ilnanaal statements for each Iln•ncial year 8ivinB a true and falr view of the state of the affairs of the company and of the Sncome and expenditure of that period. In preparing those financi31 statements. the dlrectors are required io.. select SUable accountin8 policies and then apply them consistently. make judgments and estimates that are reasonable and prudent,. prepare the financlal statements on a 8oln8 concern basis unless it is inappropriate to presume that the company will continue in busines5; The director5 are respon%ble for keeping proper accounting records which disclose with reasonable CCUTary at any time the flnancial position of the company and to enable them to ensure that the fi'nancial statements comply with the Companies Act 1985. They are a150 re5FSIble for safeguardin8 the assets of the company and hence for takirk8 reasonable Meps for prevention and detertion of fraud and other irreBularities. Dlrectors & Trustees The dlrettors who served durlng the period are listed on page l. Volunteers The church relies on many volunteers to run Tts various functions most of whom are unpaid and glve their tlme freely. These include provision of a safe child and youth tarè pro8ramme. musical provlsS0n. refreshrnents, wellbein& welcoming and l.T functions, together wlth numerous courses and outreach programmes. Audltors As the compan$ turn¢)ver was below the threshold for formal audlt the dlrectors havè not appolnted auéitor5 for these account& The Church does however en8a8e the services of an Accountant to affect an Independent Examination ol the financial position and whose declaration is attèched to thts rem. This report has been prepared in compliance with FRS 102, The Financial Reporting Standard appllcable In the UK and the Republic of Ireland,. the Statement of Recommended Prèrtite appll¢able to ¢harltles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic or Ireland IFRS 1021 (Charlties SORP IFRS 10211 and the Charities Act ioii. Approved by the board of directors on the 2711(Iz4 and signed on its behalf by: S Marland Trustee & Senior Pastor Page 17
WELL5 VINEYARD CHRISTIAN FELLOWSHIP For the Year Endin8 31 March 2024 Statement of Financial Activities Funds unreStrted 2024 Funds Restrirted 2024 Rel Note Total 2Q24 Total 2023 Endowm• Donations / Legacie5 Rent & utilitiès contribution Van proceeds Interest income Total Incom• 19.331 4,227 54,423 71,754 4,227 124,398 5,5GO 24,138 52A21 76,561 131994 Ralsing funds Charitable attlvltles Totsl Expendlture IS3 21,545 21,698 1,153 79.142 80,295 1.180 76,859 I&9 57,597 58,597 Nei In¢om• I IExp•ndftur•} 240 16,1741 13.7341 Total Fund$ 81Fwd 39.310 61,776 101.086 46,131 Totsl Fund5 CIFwd 41JSO 55.602 97.352 101.086 The charity has no recognised galns or Ios5e5 other than the re5uIt5 for the year as set out above. All of the attivities of the charity are classed as continuin8. Page18
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 March 2024 Balance Sheet 2024 2023 Note5 FIN A5Mts 9,288 12,384 Current Ass•ts Debtors Cash at Bank Total Curr•nt Ass•ts 7,299 81,140 88,439 7,899 81,694 89593 Creditors due withln l year 13751 f851J N•t Current AM•ts ,064 88,702 Credltors due over l year N•t AH•ts IOL086 Unrestrlrtd lunds Sentral funds Restrbcted funds Total Funds 41,550 55.602 97,352 39,310 61, 776 201,086 For the year endlnB 31 March 2024 the company was entltlpd to exemptlon from audlt under sectlon 477 of the CompanSes Act 2&)6 relatin6 to small companie5. Direttors responsibilitFes'. The members have not required the company to obtain an audit of its accounts for the year In questlon In accordance with section 476, The directors acknowledge thelr responslbilities for compIng with the requirements of the Att with respect to accountin8 records and the preparatlon of accounts These compary accounts havè bt•n prgpargd In accordance with the provislon appll¢oble to ¢ompanles subject to the small companles, regime. Approved by the Trustees of Wells Vlneyard Chrlstlan Fellowshlp on the Z I I I I on their behalf by.. and 518ned S MaAnd Director Company Number.. 04749285 Charity Number: 1098005 PaKe19
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 March 2024 Notes to the Financial Statements For the year ended 31 March 2024 the company w35 entitled to exemption under 5ertion 477 of the Companies Act 2(6. Mernbers have not required the company to obtaln an audit in accordance with sectlon 476 01 the Companies Att2006. The directors acknowledge their responsibility for.. ensurlng the comparry keeps accountin8 rKords which compty wlth 5ectlon 386,. and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year. in accordance with the requirements of settlon 393. and which otherwise comply with the requirements of the Companles Art relating to accounts, so far as applicable to the companv,. The ac£ounts have been prepared Sn atterdènte with the provlslons appllcable to companles subject to the small companies, re8irne. l. Accountin8 Policies BMIS of Accountl The flnanclal statements have been prepared In compliance with FRS 102, 'The Flnancial RÈptrrtln8 Standard applicable in the UK and Republic of Ireland., the Statement of ReGommendeé Practice pplicable to Charlties preparln8 thelr accounts In accordance wlth zhe Flnancial Reporting Siand8rd applicable In the UK and Republic or Ireland IFRS 1021 Icharities SORP IFAS 1021} and the Charltles Art 2011. The charity constitutes a public benefit entity as defined by FRS 102. Fund Accountlni Unre5trlcted funds are donatSons and other Incomln8 resources recelvable or 8eTrerated for the obJerts of the charlty wlthout further specific purpose and are available as general funds. Designated funds are unrestritted funds earmarked by the tharity for particular purposes. Restrirted fvnds •re funds that ¢an only be used for partlcular restrlcred purposes Wlthin the objetts of the charlty. Restrlctlons arise when specified by the donor or when fund5 are raised for paiticular restricted purposes. Incomln8 Resources All Incoming resources are included in the statement ol flnaneial artivitles when the ch3rlty1s entrf(led to the in£Dme and the amount ¢an be quantird wlth reasonable accuracy. The followin8 specific pDliri?5 jre applied to p¥rticul3r categories of income: Voluntary income is receNed by way of donations and gift5 and 15 included in full In the Statement of Flnancial Activitie5 when receivable. Donated services and facilities a included at the value to the charity where this can be quantird. The value of sejvices pr¢)vided by volunteers has not been included in these account$. Investment income is ¥ncluded when receNable. Incomlng resources from charltabk trading aLtivity are accounted for when earned. Pa8e | 10
WELLS VINEYARD CHRISTIAN FELLOWSHIP
For the Year Endin8 31 fvlarch 2024
Resources expended
Expenditure is recognised on an accrual basls as a liability is incurred. The charitable company is not
registered for VAT antl accordingly expenditure is shown gross of unrecoverable VAT.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its artfvltles
arKI Services for its beneficiaries. It includes both costs that can be allocated directly to such
artivities and those costs of an indirert nature n¢ssary to support them. Donation5 or 8rants
Irom the charf(able company are treated as an expense when paid.
Governance costs include those Costs associate
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Endin8 31 March 2024 Nl contrfbutlons These have been levied against the employees at the requisite rate. A rebate scherne has operated over the last 12 months. Stocks Thèse are Immaterial to the balancÈ shèèt and will attach a NIL value as thty- ave a NIL sale value They are not material to assessing the Charitvs state of affairs All cost5 incurred In the prOduCtn Irf anyl of stock items in the reportin8 per are charged to the relevant acilvr¢y cate80ry of the SOFA. Jolnt ¥entur•i Wellsvineyard Christian fellowship re8ulartyjoinsotherchristian organisations in the We115 area to prcvide Christian teaching the organisatlon Is called CTWA - Christians Together In Wells Area. Thls Is a co- operative organi5ation that undertakes various events throughout each year. funded by the membor churcheslcharities through modest subscriptions to these events. The Coperative has a treasurer who uses these funds to payfor any associated costs which are usually very small and cover rentS4 printing and anclllary item5. The decision.mak*nB process is undertaken by a forum of representative5 of all the Churches and Church leaders. 2. Flxed Assets 2024 Property. Flxtures. Flttlngs & Equipment 2023 Property, Fixtures. Flttlngs & Equlpment Cost ai l Apr51 Addltions Oi5P05als Cost at 31 Mar£h 30,598 25,318 15,480 110,2CQJ JOJ98 Deprec14tlon at l Aprll Charge for Perlod Ellminoted on d15posal Dqpr•clatlon 31 March 18,214 25,318 3.096 21JlO 14214 Net Book Value 12,J84 3. Debtors 2024 2023 Tax Recoverfes Outstanding Short Tèrm Loans S Marland 7.299 T.299 000 -Ttxal 7299 7,899 Page112
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 March 2024 4. Creditors 2024 2023 Trod¢ Gitditors Toxatlon & soclal securlty Accruals & deferred income 141 375 750 Tot1 375 5. Donation & Legaty Income Unre5trirted R•strirt•d Totsl rotol 2024 2024 2024 2023 Tlthe5 and Offerfn Tax RKoverable Other Gift5 Total Dorailans 19.331 52.423 71.754 127,512 19,331 52,423 71754 127,512 6. Other Income Unrestrlcted 2024 Restrlcted Total Totol 2024 2024 2023 R•nt & utility ¢ontrlbution Van proceeds Interest recelved Tot•1 Oth•r Inrne 4.227 4,227 5,$00 580 580 96 4,807 7. Staff Costs and numbers 2024 2023 Salarles Soclal Secur(ty Pen51on 16,717 942 16.464 1,928 679 Total 18,338 19,1S As at 31 Marth 2024 the charity had one empbyee.pry workin8 on a part-time basis. No employee received emoluments of more than £60,LKQ. Page | 13
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Ending 31 Marth 2024 8. Transactions with Trustees In 3tt0rd3nte with the Memorandum and ArtKles and after notifKation to the Charitie5 Commission the below have each been paid 53larie5 durin8 the perilxl as fullow5: Trust•e 2024 2023 S Mechen (Trusteel S Marland (Trusteel Total Solury 5glt7ry 4,160 17,647 21,807 15,579 17,659 9. Grants given In furtherance of objectives Grantsto Grants to In5tItuoTrS IndfvSduals fjr¥nt to Restricted Fund Total Ttstol 2023 2024 2024 2024 2024 Hardshlp Vlneyard Churches UK Ukraine Total Exp•ndltur• 1,092 lJ192 924 1,2CQ 1.691 1.092 3,628 10. Net Incorne/(Expenditure) for the year This 55 st•ted after ¢har8ln8: 2024 375 653 2023 375 361 Exhamlnerfs remuneration For examination service5 For other seTvlce5 Tru5tee5' travel, meetln8 and trainin8 expenses Depre¢iatlon 3,096 3,096 11. Taxatlon The charity is exempt from corporation tax on its charitable artFVities. Page114
WELLS VINEYARD CHRisllAN FELLOWSHIP For the Year Endlng 31 March 2024 12. Expendlture on Raising Funds Unre5trkted Funds Re5ty1cted Funds Total Fund5 Tptul Ftu 1024 2Q23 AdvertisinB & Pilrrtlng Stonehouse Supplies 153 153 1,0 1,153 153 1,180 13. Expendlture on Charltable Activities 2023 3,124 20,423 Grants paid Food bank supplles Pa5tural Costs Repalrs and maintenance Rescurces Support Costs urnan resourtes 1,692 24,245 821 616 2,111 18338 14,656 2,354 952 672 2,D43 6,205 3,096 375 653 2,328 19.190 Rent & Rates Offlce Costs General Expenses Insurance Travel & Subslstence Llghi. Power and Heatin8 DÈpreclatlon Exarnlners Fees- For IE Sèrvlces For Other Services Profe5$1onal fee5 ICCLII Guest speakers and conhrencq costs Bank fees Glfts siven in1Seu of unpaid work at Foodbank 2,134 824 700 586 2.089 3.096 375 361 1,535 150 96 33 500 79,142 76.859 Page115
WELLS VINEYARD CHRISTIAN FELLOWSHIP For the Year Endin8 31 March 2024 Independent examiner's report to the Trustees of Wells Vineyard Christian Fellowship l Pt on the accourts of the compww for tro lear eThled 31 M¥ch 2024, whkh are * out on page$ 10 to 16. Re5Fedve re4KHL%1tsIft of trustees arrt1 examiner Tke trustees IWFM) a 50 the threLtor5 cl the CoMnY ftthe purFxes of company law) are wponsible for the preparation of the accounts. The Crtty'Stsu$tees consJtr that an aIrt is nLt reqLilred fcf ttyls year under sectlon 43(21 of the chant Art 1993 (the 1993 Act) and that an in•rKJent ttuminath Is needed. Having sati5fie41 mysew that the charfty Is not gJbJÉtt to •AIt urrfltr crThpBny law and Is eJhJitsle fy indeFerthnt examlnation, It Is my to: examine the accounts under sectkn 43 c¢ the 1993 Id; to follow the w(Kedures k¥d down In the Cneral Thredions gl¥n ty the Urtty ConMnis&'on der 5ecbon 43(71{b) of the 1993 l£t' and Basls (rf IndepeIent eyarni$ My examinatjon was carrEd In a¢xudèr Kith the Genernl th• Charty Commlsslon. An examination indudes a review of the accourtH)g records kept by the chadty and a compèrf>)n of the accounts presented wlth those records. It alx) indth conSer0tn of any unusual Items or d1Kb$u In the a(£ounts, and the seekbng of explanath)ns as trustees concernlng any such matter5. The prc(edure5 undertaken not provlde all the den that to rtsJuirtsJ in an a41t and, tonwuently, no oplnion Ls glven os to whether the accounts pret a and fair Vie the reFXt is Ilmited to those matters set out In the statemert telN. Intsdent examinerfs ststement In cOnneth. my examlnatlm, mottrr has o)me to my attthti.' whth glves reaScab1e cause to that, in rn1 resF& the rtwth)ents (a) to W acc(wnting reayds In xoydance wth seckn 386 the Companle5 kt 201%; and (b) to wep)re •(ttnts YthKh acctrd wrth the ac£tyJnYNJ velrrds, comply with th• ttntIng requlrwnents of the cpanIeS Act I6 and wth the ffleitKxJs and ¢f the Ststement of Rmmended Prdtre: arrtl Rep3J by Charities {revsed 2005) have not eeen met: or to which, In my cyinlcn, atterf¢)n slh)ukl te drawn in order to wJt4e a proper w¥krstsThllrKJ of the accourts to ie reathd. Ma Dampler F.M.AA.T. Arcadla Accountancy Ltd l Manship Gr Slepton Mallet Somerset BA4 5RL 2211112024 Page | 16