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2021-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FARNHAM VINEYARD

(A Company Limited by Guarantee)

CHARITY REGISTRATION NUMBER 1101445 COMPANY REGISTRATION NUMBER 4943739

Independent Examiners Ltd Unit 2

The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

FARNHAM VINEYARD (A Company Limited by Guarantee) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Page
Legal and Administrative Information 3
Directors' Report 4 to 6
Independent Examiner's Report on the Accounts 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10 to 17

FARNHAM VINEYARD (A Company Limited by Guarantee) LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1101445

COMPANY REGISTRATION NUMBER 4943739

DATE OF INCORPORATION 23rd October 2003 START OF FINANCIAL YEAR 01 January 2021 END OF FINANCIAL YEAR 31 December 2021

DIRECTORS AT 31 DECEMBER 2021 Mr Guy Pritchard Mr David Rodgett Mr Philip Rush Mrs Claire Davis Mr Andre Astovasadourian

COMPANY SECRETARY Mrs Joanne Scougall

The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument.

GOVERNING INSTRUMENT

Memorandum and Articles of Association incorporated 27th October 2003, as amended by special resolution on the 22nd February 2006.

OBJECTS

a ) To advance the Christian faith in accordance with the statement of faith appearing in the schedule hereto in Surrey and in such other parts of the United Kingdom or the World as the trustees may from time to time think fit and such other purposes which are exclusively charitable according to the law of England and Wales and are connected with charitable work of the charity. b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in particular in Surrey and elsewhere in the United Kingdom and the World. c) To advance Christian education and in particular in Surrey and elsewhere in the United Kingdom and the World.

CORRESPONDENCE ADDRESS

The Vineyard Centre Church House Union Road Farnham GU9 7PT

PRIMARY BANKERS

INDEPENDENT EXAMINER

Lloyds TSB Bank Plc 75 Castle Street Farnham Surrey GU9 7LT Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

3

FARNHAM VINEYARD (A Company Limited by Guarantee) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021

The official name of the charity is Farnham Vineyard Trust Ltd. By a declaration of Trust dated 26[th] September 1995 the charity was originally named Riverside Church Farnham Trust. By a supplementary declaration of Trust dated 13[th] February 1996, the name of the charity was changed to Farnham Vineyard Trust consequent upon the church’s affiliation to the Association of Vineyard Churches, now Vineyard Churches UK. On 27[th] October 2003 Farnham Vineyard was incorporated as a Charitable Company Limited by Guarantee.

This annual report represents the accounts and Directors’ Report for Farnham Vineyard Trust Ltd.

The registered number of the charity is 1101445. The Company Number is 4943739.

The principle address of the charity is Farnham Vineyard, The Vineyard Centre, Church House, Union Road, Farnham, Surrey, GU9 7PT.

The Directors and Trustees are as follows: Mr Guy Pritchard, Mr Philip Rush, Mr David Rodgett, Mr Andre Astovasadourian and Mrs Claire Davis. Mrs Jo Scougall is Company Secretary. The Trust’s bank is Lloyds TSB, 75 Castle Street, Farnham, Surrey, GU9 7LT.

The Trust’s reporting accountant is Independent Examiners Ltd, Sovereign Centre, Poplars, Yapton Lane, Walberton, West Sussex, BN18 0AS.

The Declaration of Trust confers upon the Directors, in addition to the statutory powers of investment, the power to purchase stocks, funds, shares, securities and other investments including property.

The objects of the trust are:

Farnham Vineyard Trust Ltd. is the governing body of Farnham Vineyard Church, a Christian church in Farnham, Surrey and affiliated to the worldwide Association of Vineyard Churches and of Vineyard Churches UK, a Registered Charity. It is a member of Churches Together in Farnham and plays an active role in the town and surrounding area.

Apart from its pastoral and administrative staff Farnham Vineyard, as any church, relies heavily on the commitment and assistance of its members who are unpaid. The strategy adopted to meet the charity’s aims is encapsulated in its booklet ‘Farnham Vineyard – Our Vision and Values.’ It is kept under review by the charity’s staff and its contents regularly brought to the attention of the members of the church. The booklet is freely available.

The re-furbished Vineyard Centre, which was formally opened on 24[th] January 2010, is used for Sunday morning services. The Vineyard Centre also contains the church offices and is used throughout the week for the church’s community ministries.

The Trust employs a full-time senior pastor, a part-time senior pastor, a youth pastor, a children’s pastor and church administrator.

The church places a strong emphasis on service in the community at both church and individual levels.

FARNHAM VINEYARD (A Company Limited by Guarantee) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021

Review of the main activities of the charity during the year

The Trust continued to fulfil its objectives throughout the year. The lparagraphs that follow refer to the main activities that took place during the year and correspond to the four lettered objectives of the Trust as referred to above.

4

FARNHAM VINEYARD (A Company Limited by Guarantee) DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2021

Future plans are:

Reserves

As at 31[st] December 2021 the charity held £28,793.35 in the Charities Aid Foundation Gold Account. The purpose of this holding is:

Risks

The major risks, to which the charity is exposed, as identified by the Directors, have been reviewed and systems are in place to mitigate these risks.

Report on the accounts

The church’s total income of £249,739 shows an overall increase of 3.2% from the 2020 figure.

The charity holds a Mortgage with The Charity Bank Ltd, Tonbridge, Kent repayable over 25 years of £392,363.45 to finance the premises and a third ownership of the Senior Pastor’s property now featuring in the Balance Sheet as Fixed Asset £822,878.

The Trust’s expenditure, £219,631 has remained consistent with 2020. The church gave away 10% of its income.

5

FARNHAM VINEYARD (A Company Limited by Guarantee) DIRECTORS. REPORT (continued) FOR THE YEAR ENDED 31sr DECEMBER 2021 r•Ltort R•fjpondbllltle% Statement of DIr￿ttyS, Resp(￿$1b11t•2s. The Charities and the CL¥npanlE5 Act rqure the dIr￿trS to preparè financk415tatements for each financlal year which gNe a true fak view c the 5t&e of affairs rf the company as at the end c4 the financial year and of the surplus or defic￿ of the charfcy. In preparkng thLse financwl Stat￿entS the dtrettcrt are requirejy to :_ al set Su￿ab￿ Ke￿￿tIng polics and th￿ them consist&7tty,' bl make Judgemwts and esthmates that are rea￿able prUd￿t,. c) prepare the financial statements the gokng ba5b unss ￿ Ls Inapprq)rkte to pre5JJme that I contlnue In business., dl state whethw applkabk acccwntlng standards and statonents d rexcrnmended praCt￿e have b subject to any rnat￿￿ departures ¢JL4ck6eJ and e¥plaln8J In the fin￿¢￿71 statpJnents. The Dlrertors we a150 resp¢)ns4bk tr mathtaining •Jequate accwntng rexC￿d5 whth dLsck%e with reasonable 8ceurp£y at any tlme the financaal pL6f(kn of the cimnpany 4thich are suff￿￿nt to show and expkiin the panY￿ transactbns and enabk them to ensure that the financ1 statements CL¥npty with the CoMpan￿S Act 2006 and ccrnpty wh regutstkns made under the char￿￿$ Aet. They are aLso reSP￿SIb￿ for safeguardlng the assets of the compjny and hence tak&)g rea$C￿•ble steps for the preventkn 4nd ￿et￿th ( fraud and ether egularitEs. The Olrectors are a￿0 rtsponslb fcf the ￿ the D￿￿tOrS. reptyt. and the re5pcfflslbWcy of the 1Trdepend￿t examiner in rtky) to thè Directors. repwt s ¥mf(ed to examinkng the report and ￿SurIng that ￿ the face of the report there ore no IncOns&stenc￿ wth the fiaure5 dLscks&1 kn the fknancw 5tstemwts. These accounts have been prepar&1 kn accordance v4h the P￿(%￿S apP￿ab￿ to tompanle5 SubJ￿t to the small compans regkne. I appro￿ the attKhed statement d fmancL4 xtfvle5 and balance she •nd c¢xflmi that I h4ve m￿e aval￿b￿ all Infcrnatky) necesswy fcf *s prepar•tw. Approved by the DIrect￿S cfi th&.. Slgned on ther beham by Dlrector.... Prlnt Name..£v J....V￿.1Tt.Y1.fr.￿￿

FARNHAM VINEYARD (A Company Limited by Guarantee) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Report to the trustees/ members of Farnham Vineyard on the accounts for the year ended 31st December 2021.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

Date: 27th September 2022

7

FARNHAM VINEYARD (A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2021

(Incorporating Income & Expenditure Account)
Notes
INCOMING RESOURCES
Incoming Resources from Generated Funds
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
TOTAL INCOMING RESOURCES
Cost of Generating Funds
Costs of Charitable Activities
4a
NET INCOMING/(OUTGOING) RESOURCES
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD
RESOURCES EXPENDED
TOTAL RESOURCES EXPENDED		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
200,331
40,875
241,206
201,470
3
-
3
23
8,530
-
8,530
998
208,864
40,875
249,739
202,491
189,969
29,662
219,631
165,051
189,969
29,662
219,631
165,051
18,894
11,213
30,107
37,440
458,689
25,094
483,782
446,342
477,584
36,306
513,889
483,782

Movements on all reserves and all recognised gains and losses are shown above. All of the Charity's operations are classed as continuing.

The notes form part of these financial statements, found on pages 10 to 17

8

FARNHAM VINEYARD (A Company Umited by Guarantee) BALANCE SHEET AS AT 31 DECEMBER 2021 Unre5trKted Fi&%trKt Fund Fund Totsl Total 31￿21 31•Dtta20 Fix•d A•t• Tanglbk Assets Investment Assets Nrtes 822,878 822,878 644,474 822 878 822 878 644 474 Debt￿5 & Prepayments h at bank in hand 12,355 12.355 12,355 48,639 306 M946 6397 Cr•dltow. am(NJnts falmng due within one year 29.163 29,163 28,956 Ngf CURREIIT ASSETS 19,477 36,306 55,783 37,441 TOTAL ASSETS ss CUrr￿t lablt5 841355 8N661 68¥915 Credltovw amwnts fakng due tn one year io 364.771 364,771 198,133 306 FUNDS OP THE CHARITY G•)tral Funds Restricted fijnds 477.584 477,584 36,306 458,686 25,094 36,306 TOTAL FUNDS 36 306 513 890 Forthe y•ar •ndod 31rt D•c•mbor 2021 The Dlr¥tors are satL8fed the charltabk CLNnpany was ent4tknJ to exemptth frryn the r8]utreThent to obtakn an aud￿ tjnder sectK)n 477 cl the C(ynp)nks Act 2006 and thal no member cx mpJnbers have reaulred the cornpany to obtaln an audlt ol ￿S acccwntg for the ouestw in atCcYd￿ce wlth sttth)n 476 cl the Act. However, in accordance wlth sectth 145 of the tharIt￿$ £t 2011. the ￿c(￿SntS have been examined by arn Independent Ewlntt whc6e rep￿ appw5 the Nrte5 to the F￿￿¢111 Stattments. The Dlrectorls} xkn¢ywWge thelr ￿5P￿Sib￿Y tr comptyh)g wlth the r4￿1r￿￿t$ d the Compans Act 2006 w￿h respect to ￿COUntIng and the prepar&1￿ of accwnts. The accounts have bn prepared In acccrdance vlth the pr￿￿1C￿5 kn Part 15 d the Ccdnpanles Art 2006 appkable to tompants subject to the SM￿ ccfflpan￿s regkne and In acctydance the f¢nanclol Reportlng Standard ts Smamu Entr(les leffertNe Aprtl 20081. The aCkn￿￿19e th￿r responslbdity tDr ensuring that the CWbPa)y keeps pwer accountkng records whkh cornp￿ $￿tthS 386 of the Act 2006 and for preparkng financkl statements whth g￿e a true and falr vlew ( the state of affairs of the ccmpany as at the end c the fv)anco1 year and rf rfcs prclIt and l(65 for the financlal year kn accordance vlth the requ￿￿￿￿1 ( s¥tJns 394 and 395 and whkh rtherwse compty wh the r￿vIreMentS ￿ the Companies kt 2006 rdatkng to accounts, so far as apP￿ab￿ to the COMp￿Y. Approvgj by the DIr￿torS (n th&..... S•Jned on thwr beha￿ by Dtr￿tor....... Ftint Name.. Ccffipany Wistr&w Number . 4943739

FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below.

Basis of Preparation & Assessment of Going Concern

Basis of preparation:

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Incoming Resources with Related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Volunteer Help

The value of any voluntary help received is not included in the accounts and is described in the Directors' annual report if applicable.

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

This page does not form part of the statutory financial statements

10

FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Changes in Accounting policies and previous accounts

There has been no change to the accounting policies (variation rules and methods of accounting) since lst year, and no changes to the previous accounts.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Pensions

The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.

Operating Leases

Rental charges payable under operating leases are charged on a straight line basis over the terms of the terms of the lease.

Taxation

The charity is exempt from tax on its charitable activities.

Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful lives. The rates applied per annum are as follows:

General Equipment

25%

The depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.

This page does not form part of the statutory financial statements

11

FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

2. TANGIBLE FIXED ASSETS

Additions
At 31 December 2021
Net Book Value
At 31 December 2021
At 1 January 2021
Disposals Gain/ (Loss)
Realised Gain/ (Loss)
Revaluation Gain/(Loss)
At 31 December 2021
Accumulated Depreciation
At 1 January 2021
Charge for the Year
Cost
At 1 January 2021		 General
Equipment
Land &
Buildings
2021
£
£
£
56,136
638,090
694,226
-
180,000
180,000
-
-
-
-
-
-
-
-
-
56,136
818,090
874,226
49,752
-
49,752
1,596
-
1,596
51,348
-
51,348
4,788
818,090
822,878
6,384
638,090
644,474

The Church agreed on the 17th October 2021 to invest the sum of £202,667 to aid in the purchase of a property for £608,000, which property is considered suitable and necessary for the proper fulfilment of the pastor, Mr Pritchard's role and has taken on a Mortgage of £180,000 because the Church believes such arrangement to be in the best interests of the Church as the most appropriate way of assisting with such living accommodation and not by way of business.

The annual commitments under non-cancelling operating leases and capital commitments are as follows:

31st December 2021 : Mortgage see note 9 & 10. 31st December 2020 : Mortgage see note 9 & 10.

This page does not form part of the statutory financial statements

12

FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

3. INCOMING RESOURCES

Note
c) Incoming from Charitable Activities
Event Receipts
TVC Bookings
Sunday Offerings
b) Investment Income
Interest Received
Books & Tape Sales
Trustee Giving
a) Donations & Legacies
Area Leads Budget
Gift Aid Tax Recovered
Gifts & Offerings
Restricted Gifts
Standing Orders		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
-
-
-
1,550
24,732
8,175
32,907
32,518
21,179
-
21,179
29,325
7,275
32,700
39,975
-
121,961
-
121,961
135,498
1,533
-
1,533
2,579
23,650
-
23,650
-
200,331
40,875
241,206
201,470
3
-
3
23
3
-
3
23
250
-
250
-
5,825
-
5,825
-
2,455
-
2,455
998
8,530
-
8,530
998

This page does not form part of the statutory financial statements

13

FARNHAM VINEYARD

(A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

4. RESOURCES EXPENDED

Note
Bank Charges & Mortgage Interest
Trustees Meeting Expenses
Governance costs:-
Insurance Costs
Independent Examiner Fee
Legal & Professional fees
Salaries & N.I
Sundry Expenses
Telephone Costs
Travel & Subsistence
Utility Costs
Visiting Speakers
Youth Work
Equipment Costs
Events & Activities
Gifts & Offerings
Housing Allowance/Leaseback Scheme
Ministry Costs
Office Supplies
Outreach Costs
Rent & Rates
Repairs & Maintenance
a) Charitable Activities
Area Leaders Expenses
Cleaning Costs
Conferences & Training
Consumables
Depreciation Expenses		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
3,001
-
3,001
-
1,957
-
1,957
1,985
2,105
-
2,105
400
1,457
-
1,457
1,522
1,596
-
1,596
1,596
8,150
-
8,150
6,390
9,315
-
9,315
1,090
15,026
-
15,026
17,489
27,336
29,662
56,998
25,536
128
-
128
236
646
-
646
594
701
-
701
1,947
178
-
178
324
5,738
-
5,738
6,400
75,652
-
75,652
60,696
16
-
16
78
6,480
-
6,480
4,722
630
-
630
1,208
2,252
-
2,252
6,572
200
-
200
-
4,369
-
4,369
2,181
14,512
-
14,512
15,860
3,430
-
3,430
3,338
1,561
-
1,561
1,440
3,428
-
3,428
3,267
107
-
107
180
189,969
29,662
219,631
165,051

This page does not form part of the statutory financial statements

14

FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

Ditch the Debt Fund
Pastors Housing		 Balance
Gains &
Balance
01-Jan-21
Income
Expenditure
(Losses)
Transfer
31-Dec-21
£
£
£
£
£
25,094
-
-
-
-
25,094
-
40,875
(29,662)
-
-
11,213
25,094
40,875
(29,662)
-
-
36,306

The Ditch the Debt fund is for reducing the charity mortgage.

The restricted funds of the charity are wholly represented by cash reserves.

PREVIOUS FINANCIAL YEAR

Ditch the Debt Fund Balance
Gains &
Balance
01-Jan-20
Income
Expenditure
(Losses)
Transfer
31-Dec-20
£
£
£
£
£
25,094
-
-
-
-
25,094
25,094
-
-
-
-
25,094

The Ditch the Debt fund is for reducing the charity mortgage.

The Restricted Funds are wholly represented by the Charity's cash reserves and are to be expended as specified above.

6. INVESTMENTS

The Charity held no investment assets during this or the previous financial period.

7. CASH AT BANK AND IN HAND

Current Bank Account
Reserve Gold Account
Instant Access Account
Petty Cash
8. DEBTORS AND PREPAYMENTS
Sundry Debtors		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
4,785
19,689
24,474
24,400
25,538
3,255
28,793
28,790
5,162
13,363
18,525
37
798
-
798
815
36,284
36,306
72,591
54,042
Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
12,355
-
12,355
12,355
12,355
-
12,355
12,355

15

FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR

Mortage Repayments
Independent Examiner's Fee		 Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
27,593
-
27,593
27,507
1,570
-
1,570
1,449
29,163
-
29,163
28,956

10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

Mortgage Unrestricted
Restricted
Total
Total
Funds
Funds
31-Dec-21
31-Dec-20
£
£
£
£
364,771
-
364,771
198,133
364,771
-
364,771
198,133

The acquisition of Church House, Union Road, Farnham took place on the 12th October 2007 for £450,000. The Charity had a £400,000 repayment mortgage set up over 25 years and an interest rate of 6.5% with The Charity Bank, Tonbridge. On the 15th December 2021 the Church invested the sum of £202,667, being a third of the purchase price, to aid in the purchase of 26 Waynflete Lane, Farnham, which property is considered suitable and necessary for the proper fulfillment of the senior pastor - Mr Pritchard's role. This is for the best interests of the church as the most appropriate way of assisting with such living accommodation and not by way of business.

A refinance of the existing loan was made for £392,363 which included a lump sum repayment of £212,363 for closure and an additional loan taken for £180,000, over 25 years at an interest rate of 3.75% above BOE base rate, continuing with The Charity Bank, Tonbridge to fund the purchase of the residential property, Waynflete Lane mentioned above.

11. STAFF COSTS AND NUMBERS

TOTAL
2021
£
Gross Wages & Salaries
60,621
Employer's National Insurance Costs
11,475
Employer's Pension Contributions
3,556
75,652
Employees who were engaged in each of the following activities:
TOTAL
2021
Activities in Furtherance of Charitable Objects.
4		 TOTAL
2020
£
47,872
9,119
3,704
60,695
TOTAL
2020
4

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2020 - None)

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FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021

12. RECONCILATION OF MOVEMENT ON CAPITAL AND RESERVES

The Company is Limited by Guarantee and it is a charity registered with the Charity Commission number 1101445.

The Charity does not have a Share capital and has no income subject to Corporation Tax.

2021
£
Surplus / Deficit for the financial year
30,107
Other Recognised Gains
-
30,107
483,783
513,890
13. PAYMENTS TO DIRECTORS AND RELATED PARTIES
2021
£
19,471
27,336
107
46,914
Balance Brought Forward
Closing Funds at
Fees (Salary)
House Lease Back Scheme
Travel Subsistence & Conference Costs
31-Dec-21		 2020
£
37,440
-
37,440
446,342
483,782
2020
£
18,159
25,536
180
43,875

No other payments were made to Directors or any persons connected with them during this financial period. No other material transaction took place between the charity and a Director or any person connected with them.

14. RISK ASSESSMENT

The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unnecessarily.

16. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Directors' report. The Directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

This page does not form part of the statutory financial statements

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