## **ANNUAL REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **FARNHAM VINEYARD** (A Company Limited by Guarantee) **CHARITY REGISTRATION NUMBER 1101445 COMPANY REGISTRATION NUMBER 04943739** 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 2022** ||**Page**| |---|---| |**Legal and Administrative Information**|3| |**Directors' Report**|4 to 6| |**Independent Examiner's Report on the Accounts**|8| |**Statement of Financial Activities**|9| |**Balance Sheet**|10| |**Notes to the Accounts**|10 to 17| ## **FARNHAM VINEYARD (A Company Limited by Guarantee) LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** 1101445 **COMPANY REGISTRATION NUMBER** 04943739 **DATE OF INCORPORATION** 23rd October 2003 **START OF FINANCIAL YEAR** 01 January 2022 **END OF FINANCIAL YEAR** 31 December 2022 **DIRECTORS AT 31 DECEMBER 2022** Mr Guy Pritchard Mr David Rodgett Mr Philip Rush Resigned 31 December 2021 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** ## **PRIMARY BANKERS** ## **INDEPENDENT EXAMINER** The Vineyard Centre Church House Union Road Farnham GU9 7PT 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 2022** 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, Unit 2, The Broadridge Business Centre, Delling Lane, Bosham, PO18 8NF. 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:** - a. To advance the Christian religion, in particular in the county of Surrey and elsewhere in the United Kingdom or the world. - 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 the said county and elsewhere in the United Kingdom and the world. - c. To advance Christian education, in particular in the said county and elsewhere in the United Kingdom and the world. - d. To undertake and fulfil other such charitable activities and purposes for the benefit of the community in the said county and elsewhere as the Directors may, from time to time, think fit. 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. 4 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **Review of the main activities of the charity during the year** The Trust continued to fulfil its objectives throughout the year. The lettered paragraphs 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. - a. To advance the Christian religion, in particular in the county of Surrey and elsewhere in the United Kingdom or the world. - LIVESTREAM: to enable the church to continue throughout the pandemic the Sunday services are now livestreamed on YouTube, widening its reach considerably. - EMBASSY: Weekly youth group for 10-18 year olds. - PLAY and PRAISE: a weekly parent and toddler group for those inside and outside the church. - HOLIDAY CLUB: a week long activity in the summer holiday available for children in church and in the wider community. - ECUMENICAL: The church continues to share in Churches Together in Farnham. The pastor meets in various church leaders’ groups. - PASTORAL OVERSIGHT and support was given to other pastors and churches in the UK Vineyard movement. - 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 the said county and elsewhere in the United Kingdom and the world. - FARNHAM FOODBANK started in The Vineyard Centre on 5[th] November 2010. This is a cross-church ministry, initiated by Farnham Vineyard and in partnership with Farnham Vineyard Centre, from which food parcels are distributed to those experiencing unforeseen financial crisis. A further distribution centre has been opened at St Mark’s, Hale. - FINANCIAL AND PRACTICAL SUPPORT was given to various church members in need. - FRONTLINE ‘FARNHAM MONEY ADVICE’ started by Farnham Vineyard Church and operated as a collaboration with other churches to give free beneifts advice and debt solutions. - c. To advance Christian education, in particular in the said county and elsewhere in the United Kingdom and the world. - SUNDAY SERVICES: these continued on Sunday mornings at The Vineyard Centre, Union Road, Farnham. - WORKSHOPS within the church were held on specific topics about the Christian faith. - INSTRUCTION on Christian living for adults and children, based on teaching from the scriptures, was consistently given throughout the year on Sundays, weekly small group meetings in homes and leadership and discipleship courses and training events at the Centre. - LEADERSHIP DEVELOPMENT. Church leaders and members attended national and other Christian conferences and training events throughout the year – including the annual National Vineyard Leaders Conference, the annual Worship Leaders Conference, and the New Wine events. - d. To undertake and fulfil other such charitable activities and purposes for the benefit of the community in the said county and elsewhere as the Directors may, from time to time, think fit. 5 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022** **Future plans are:** - The ongoing development of The Vineyard Centre as a ministry facility for serving the community and the church. - To extend the growing network of contacts with other agencies and churches within the social care community. - To develop new strategies for serving the community, effectively communicating the gospel and playing our part in the development of the Big Society in Farnham. - To facilitate further growth in Sunday attendance and church membership. ## **Reserves** As at 31[st] December 2022 the charity held £33,754.43 in the Charities Aid Foundation Gold Account. The purpose of this holding is: - To provide for emergencies. - Other uses as agreed by the Directors ## **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 £218,833 shows an overall increase of 12.5% from the 2021 figure. The charity holds a Mortgage with The Charity Bank Ltd, Tonbridge, Kent repayable over 25 years of £380,291.66 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 has remained consistent with 2021. The church gave away 10% of its income. 6 FARNHAM VINEYARD (A Company Umlted by Guarnrt¢¢) DIRECTORS. REPORT (continued) FOR THE YEAR EIIDeD 31ST DECEMBER 2022 Statanent d D￿￿t￿$, lie5w￿$#IkIts: The thw*teg Act and the cCMp￿￿s Act r4utrethe d*xt¢Ys to Prq>￿ st*ern￿ts for eath tknar*c yeor whkh g￿e a true wtl f* the sttte (*the crrfnp•y as at the end ￿ the fnancw year and of the surplus cf defK* clthe chwty. In prwkng th(£e 1kn￿ st*unents the dtrths rtyu*ed to :_ a) selxt su*•blexcwntkng p¢**5 th￿ thun cmslttthtjy: bl make Judgements and estknttes th* tlE tr mthtthkig ad¥4u*• &cwntkn9 r•£wds dlsctse ruscffithle accuracy at tki)ethe thancw the CUnp￿Y Ubd *thth sUl￿t to show and the ccfflpanV$ t￿s1￿￿)$ ￿&b* thwn to Wh511rèth& the ccfflpty ¥*h the Art 2006 and Cl￿P￿ wY¢h reguk*kn$ mèje under the Ch¥*les Act. are resp￿$￿)1￿ fy sthJuardlThg thè assets rfthe c(rfnpany h￿(e ftr takthg re￿￿12 Step5 the prethtkn detKttffi dfroud othtr The Dtrecttrs ere abo re5Pmgb* fcr the rlthe D￿￿try5, rwt, and the re5pw$blky d the kndepwdent ex4mknw kn r*kn to the O*tttws' rep(rt & kn*ed to t￿n￿kn9 the rwt uTrsurkng thai cffj the fxe c( the repcrt thtrt rrt no thc¢J)sbtenc*5 **h the fyiurts db¢k6ul kn the1kn￿¢￿ 5tatirnts. These **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
**4**
**NET INCOMING/(OUTGOING) RESOURCES**
Total Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
**RESOURCES EXPENDED**
**TOTAL RESOURCES EXPENDED**
**TRANSFERS BETWEEN FUNDS**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
213,340
-
213,340
241,206
117
-
117
3
5,375
-
5,375
8,530| |---|---| ||**218,833**
**-**
**218,833**
**249,739**| ||212,132
7,771
219,904
219,631| ||**212,132**
**7,771**
**219,904**
**219,631**| ||| ||**6,700**
**(7,771)**
**(1,071)**
**30,107**
-
-
-
-| ||**6,700**
**(7,771)**
**(1,071)**
**30,107**| ||477,584
36,306
513,890
483,782| ||**484,284**
**28,535**
**512,819**
**513,889**| 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 9 FARNHAM VINEYARD (A Comyny Umlted by GuJrartee) BALANCE SHEET AS AT 31 DECEMBER 2022 Fund Fund >14)e¢•22 31.D•e-21 Nrte5 T￿gIb￿ Assets Investment Assers 821.681 821,681 622,878 821 681 822 878 Debtors & Fyepoyrnents Cash at bank ané In hand 12,355 12,355 12.355 44515 Cr•dIto￿. ￿(#jnts fthg Ilue wf(hln one ye rr CURREIIT AS5Ers 33A158 33.058 29,163 11.457 28.535 39.992 55,782 TOTAL Issrrs kn55 current Mab**% 854U• 24SJ5 •0&073 8N660 Cv•th¢wxi imounts due cffje yur 348.803 348,803 364,771 PVNDsopThecMARITY General Funds Restrktèj fund$ 484.334 484,334 28,535 477,583 36,306 28￿35 TOTAL PiINDS The Dlrectrys •re satlsfied the chw*&>le CC￿np￿Y was •)tk*d to exemptkn the to an audlt under settkn 477 (* the Att 2006 and that no member LY rnenb￿ hwe wu￿1 the crThp￿Y to obt¥ln w •udK af *s accwnts the ye¥ ** quegtkn h) &crrtance wlth strtkn 476 rf the Act. Hth¥tbv, In acecrdance ¥Ylth sectkn 145 c¢ the a)artt*5 Act 2011. the Kctrjnts ha¥¢ bew by an IndePen¢J￿¢ Exjmlfttr vknc*e rep(¥t Jppws the Nc¢•s tothe *4t¥i)a)ts. The Dkectrfsl ackTrth¥bJge thetr rtsponsbl*y fty CLYnp￿9 the ￿Utr￿ents ¢Ythe C¢mp*b85 kt 2006 wlth wpect to •ccoJntlng r￿or¢s the prepartkxb d Kcwnts. The ￿C￿nIS have been prepwed kn ¥¢¢Yd￿¢t the prrr16kn5 15 rfthe ¢Unp￿leS Act 2006 appltabk to c(Mpan￿5 subject to the smal Cemp￿leS re4kn* the Fmancw Repkythg stand¥d fc< Smaler Entit*s (el￿t￿e Aprl 2008). The dtreLt¢y3 ackn￿¥ledge the* rtspCnSlbl￿ thsurng th* the ciwnpany keeps pnyer x¢wntl)g re￿d$ whlch ccrnpty with Sertk￿5 386 d the kt 2006 fty prep￿9 ￿￿£01 $t•twnwts ￿￿e a true and r vlew the State rfaff*s rfthe cmpf*)y as at the ¢he y6Jr prclIt fty the Tnanclal year In xCc¢dt￿c* the rè4uyern￿t rf stttkn$ 394 and 395 ))d whrh i*heThth ci¥npty the requlrements rfthe Crxmpan*s Act 2006 relatkng to ￿C￿nts. $0 f¥ a5 appkabk to the ccfflpany. Appr￿1 by the D￿eCt(￿s the... Sbn•J cfft thelr by Dtrrft￿.......... Prht Name.. P& iTcttAI Cunpany Numbw . 04943739 io ## **FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **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: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **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 11 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **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 12 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **2. TANGIBLE FIXED ASSETS** |Additions
At 31 December 2022
**Net Book Value**
At 31 December 2022
At 1 January 2022
At 31 December 2022
**Accumulated Depreciation**
At 1 January 2022
Charge for the Year
**Cost**
At 1 January 2022|General
Equipment
Land &
Buildings
**2022**
£
£
£
56,136
818,090
874,226
-
-
-| |---|---| ||56,136
818,090
874,226| ||51,348
-
51,348
1,197
-
1,197| ||52,545
-
52,545| ||| ||**3,591**
**818,090**
**821,681**| ||4,788
818,090
822,878| 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 13 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **3. INCOMING RESOURCES** |Note
**c) Incoming from Charitable Activities**
Event Receipts
TVC Bookings
Other income
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
**2022**
**2021**
£
£
**£**
**£**
1,450
-
1,450
-
20,594
-
20,594
32,907
10,388
-
10,388
21,179
-
-
-
39,975
151,859
-
151,859
121,961
1,524
-
1,524
1,533
27,525
-
27,525
23,650| |---|---| ||**213,340**
**-**
**213,340**
**241,206**| ||117
-
117
3| ||**117**
**-**
**117**
**3**| ||-
-
-
250
1,130
-
1,130
5,825
3,279
-
3,279
2,455
966
-
966
-| ||**5,375**
**-**
**5,375**
**8,530**| 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 2022** ## **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
**Charitable Activities**
Area Leaders Expenses
Cleaning Costs
Conferences & Training
Consumables
Depreciation Expenses|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2022**
**2021**
£
£
**£**
**£**
1,745
-
1,745
3,001
628
-
628
1,957
3,144
-
3,144
2,105
2,355
-
2,355
1,457
1,197
-
1,197
1,596
2,021
-
2,021
8,150
2,965
-
2,965
9,315
20,587
-
20,587
15,026
(6,206)
7,771
1,566
56,998
421
-
421
128
951
-
951
646
155
-
155
701
483
-
483
178
4,483
-
4,483
5,738
122,337
-
122,337
75,652
148
-
148
16
6,201
-
6,201
6,480
1,577
-
1,577
630
2,574
-
2,574
2,252
-
-
-
200
5,778
-
5,778
4,369
19,773
-
19,773
14,512
3,570
-
3,570
3,430
1,620
-
1,620
1,561
12,647
-
12,647
3,428
977
-
977
107| |---|---| ||**212,132**
**7,771**
**219,904**
**219,631**| This page does not form part of the statutory financial statements 15 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Ditch the Debt Fund
Pastors Housing|**Balance**
Gains &
**Balance**
**01-Jan-22**
Income
Expenditure
(Losses)
Transfer
**31-Dec-22**
£
£
£
£
**£**
25,094
-
-
-
-
25,094
11,213
-
(7,771)
-
-
3,441| |---|---| ||**36,306**
**-**
**(7,771)**
**-**
**-**
**28,535**| 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-21**
Income
Expenditure
(Losses)
Transfer
**31-Dec-21**
£
£
£
£
**£**
25,094
-
-
-
-
25,094| |---|---| ||**25,094**
**40,875**
**(29,662)**
**-**
**-**
**36,306**| 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-22**
**31-Dec-21**
£
£
**£**
**£**
(4,419)
19,689
15,269
24,474
30,499
3,255
33,754
28,793
5,162
5,591
10,754
18,525
917
-
917
798| |---|---| ||**32,160**
**28,535**
**60,695**
**72,590**| ||Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
12,355
-
12,355
12,355| ||**12,355**
**-**
**12,355**
**12,355**| 16 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR** |Mortage Repayments
Independent Examiner's Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
31,488
-
31,488
27,593
1,620
-
1,620
1,570| |---|---| ||**33,108**
**-**
**33,108**
**29,163**| ## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** |Mortgage|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-22**
**31-Dec-21**
£
£
**£**
**£**
348,803
-
348,803
364,771| |---|---| ||**348,803**
**-**
**348,803**
**364,771**| 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**
**2022**
**£**
Gross Wages & Salaries
89,119
Employer's National Insurance Costs
26,579
Employer's Pension Contributions
6,639
**122,337**
Employees who were engaged in each of the following activities:
**TOTAL**
**2022**
Activities in Furtherance of Charitable Objects.
4|**TOTAL**
**2021**
**£**
60,621
11,475
3,556| |---|---| ||**75,652**| ||**TOTAL**
**2021**
4| The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2021 - None) 17 ## **FARNHAM VINEYARD (A Company Limited by Guarantee) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022** ## **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. |**2022**
**£**
Surplus / Deficit for the financial year
(1,071)
Other Recognised Gains
-
**(1,071)**
513,890
**512,819**
**13. PAYMENTS TO DIRECTORS AND RELATED PARTIES**
**2022**
**£**
35,758
-
977
**36,735**
Balance Brought Forward
Closing Funds at
Fees (Salary)
House Lease Back Scheme
Travel Subsistence & Conference Costs
31-Dec-22|**2021**
**£**
30,107
-| |---|---| ||**30,107**| ||483,782| ||**513,889**| ||**2021**
**£**
19,471
27,336
107| ||**46,914**| 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 18