2024-12-31-accounts - Farnham Vineyard

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ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FARNHAM VINEYARD

(COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION NUMBER 1101445 COMPANY REGISTRATION NUMBER 04943739

Independent Examiners Ltd

The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

	Page
Legal and Administrative Information	3
Directors' Report	4 to 7
Independent Examiner's Report on the Accounts	8
Statement of Financial Activities	9
Balance Sheet	10
Notes to the Accounts	11 to 19

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1101445

COMPANY REGISTRATION NUMBER 04943739

START OF FINANCIAL YEAR 01 January 2024 END OF FINANCIAL YEAR 31 December 2024 DIRECTORS AT 31 DECEMBER 2024 Mr Guy Pritchard Mr David Rodgett Resigned 13 Mar 2024 Mrs Claire Davis Mr Andre Astovasadourian Resigned 23 May 2024 Mrs Joanne Scougall Mr Steve Collins Appointed 22 May 2024 Mr Reza Jaffari Appointed 5 Dec 2024 Mrs Victoria Sellick 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 G W Schulz FCMA Independent Examiners Ltd The Grain Store Hills Barn Appledram Lane South Chichester PO20 7EG

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024

The official name of the charity is Farnham Vineyard Trust Ltd. By a declaration of Trust dated 26th September 1995 the charity was originally named Riverside Church Farnham Trust. By a supplementary declaration of Trust dated 13th 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 27th 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 David Rodgett, Mr Andre Astovasadourian, Mrs Claire Davis and Mrs Vicki Sellick. 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, The Grain Store, Hills Barns, Appledram Lane South, Chichester, PO20 7EG.
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:
To advance the Christian religion, in particular in the county of Surrey and elsewhere in the
a. United Kingdom or the world.
- To relieve persons who are in conditions of need or hardship, or who are aged or sick, and to
b. relieve the distress caused thereby, in particular in the said county and elsewhere in the United Kingdom and the world. To advance Christian education, in particular in the said county and elsewhere in the United
c. Kingdom and the world.
To undertake and fulfil other such charitable activities and purposes for the benefit of the
d. 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.

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

10. 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.

To advance the Christian religion in particular in the county of Surrey and elsewhere in the
a. 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.

FARNHAM VINEYARD TODDLER GROUP: 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.

To relieve persons who are in conditions of need or hardship or who are aged or sick and to
b. relieve the distress caused thereby in particular in the said county and elsewhere in the United Kingdom or 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 ha 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.
To advance Christian education, in particular in the said county, and elsewhere in the United
c. Kingdom or 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 New Wine events.

FARNHAM VINEYARD

(COMPANY LIMITED BY GUARANTEE) DIRECTORS' REPORT (continued)

FOR THE YEAR ENDED 31ST DECEMBER 2024

  - To undertake and fulfil such other charitable activities and purposes for the benefit of the

  - d. community in the said County and elsewhere as the Directors may from time to time think fit.

     - Future plans are:

        1. The ongoing development of The Vineyard Centre as a ministry facility for serving the community and the church.

        2. To extend the growing network of contacts with other agencies and churches within the social care community.

        3. 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.

        4. To facilitate further growth in Sunday attendance and church membership.

As at 31[st] December 2024 the charity held £67,330 in the Charity Bank 40 day access account and £10,497 in the Charity Bank 100 day access account. The purpose of this holding is:-
To provide for emergencies.
Other uses as agreed by the Directors.
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 £289,497 shows an overall decrease of approx. 2.3% from the 2023 figure. The charity holds a Mortgage with The Charity Bank Ltd, Tonbridge, Kent repayable over 25 years of £321,399 to finance the premises and a third ownership of the Senior Pastor’s property now featuring in the Balance Sheet as Fixed Asset £825,824 as at 31/12/24.

The Trust’s expenditure has remained consistent with 2023. The church gave away 10% of its income.

FARNHAM VINEYARD (COMPANY LIMITED BY GUARAKfEE) DIRECTORS. REPORT {continued) FOR THE YEAR ENDED 31sr DECEMBER 2024 Dlrertors. Responslblllties Statement of Directors, Respon5ibilities'. The Charfcies Act 2022 and the Companies Act 2006 require the directors to prepare financial statements for each financial year which g we a true and fair view of the state of affairs rA the company as at the end of the financial year and of the surplvs or deficlt of the charity. In preparing those financial statements the directors are required to a) select suitable accounting pdKie5 and thert appty them consistentty; b) make Judgements and estimates that are reasonab and prudent; c) prepare the financial 5tatementS cfl the going concern basi5 unless ft is inappropriate to presume that wfill contlnue in buslness: d) state whether applicable aCcoUntg standards and statements of recommended practke have been subject to any material departures disclc6ed and explained In the financial Statements. The Dlrectors are also responslble for malntaknlng adequate accountlng OrdS whlch dtscfose wfch reasonable accuracy at any time the financol position the cc¥npany and which are sufficient to show and explain the company's transactlons and enable them to enstsre that the financial statements comply with the Companies Act 2006 and comply wh regulatlons made under the Charfcles Act 2022. They are also responsib for safeguardlng the assets of the company and hence for taking reasonable steps ts the preventlon and detection of fraud and other irreguk8ritles. The Dlrectors are also responsible for the I the Directors, repiyt, and the responslblllty of the Independent examlner In relation to the Dirertors. rep¢xt Is rned to examlnlng the report and ensurlng that on the face of the report there are no inconsi5tencie5 With the flgures dlsclosed In the flnanck41 statements. These accounts have been prepared in acccrdance with the provisions applicable to companles subject to the small companie5 regime. E approve the attached stattrnent of flnanclal actlvlties balance sheet and confirm that I have made avallable all Informatlon necessary for tts preparatKJn. Approved by the Dlrectors cm the.. fjc£.1,-5cr 202 Slgned on thelr behalf by Director... Prlnt Name...

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 9 to 19.

Respective responsibilities of Trustees and examiner

As the charity’s Trustees of Farnham Vineyard (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Farnham Vineyard are not required 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 accounts as carried out under section 145 of the Charities Act 2022 (‘the 2022 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2022 Act.

Independent examiner’s statement

Since Farnham Vineyard's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2022 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of New Life Church Cardigan Trust as required by section 386 of the 2006 · Act; or

the accounts do not accord with those records; or

the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement · that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

the accounts 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

.............. Lt ........ . G W Schulz FCMA Independent Examiners Ltd = The Grain Store Hills Barn Appledram Lane South = Chichester PO20 7EG

7th September 2025

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2024

Incorporating Income & Expenditure Account Notes INCOMING RESOURCES Donations & Legacies 3a Investment Income 3b Charitable Activities 3c TOTAL INCOMING RESOURCES Costs of Charitable Activities 4 NET INCOMING/(OUTGOING) RESOURCES Balances Brought Forward BALANCES CARRIED FORWARD RESOURCES EXPENDED TOTAL RESOURCES EXPENDED TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS:	Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 276,250 - 276,250 290,468 1,937 - 1,937 1,009 11,310 - 11,310 5,252
	289,497 - 289,497 296,728
	272,199 - 272,199 275,593
	272,199 - 272,199 275,593

	17,299 - 17,299 21,135 - - - -
	17,299 - 17,299 21,135
	511,899 29,103 541,002 519,867
	529,198 29,103 558,301 541,002

All of the Charity's operations are classed as continuing operations.

The notes form part of these financial statements, found on pages 11 to 19

FARNHAM VINEYARD (COMPANY LIMrrED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2024 UnrestrKted ReStrted Fund Fund Total Total 31-Dec-24 31-Dec-23 Fixed Assets Tang ible Assets Investment Assets Notes 825,824 825.824 828,517 825 824 825 824 828 517 Debtors & Prepayments Cash at bank and In hand 8,536 66,714 8,536 95,817 15,591 70,204 29,103 Total Cunynt Assets 104 3S3 Credltors: amwnts falling due within one year NET CURRENT ASSETS 50,477 50,477 41,893 24,773 29,103 53,876 43,902 TOTAL ASSEfs less current Ilabiff(*s 850,597 29,103 879,700 872,419 Creditors: amounts falling due in one year 321,399 321,399 331,417 NET ASSETS 529 198 558 301 541002 FUNDS OF THE CHARITY General Funds Restrlcted funds 529,198 529,198 29,103 511,899 29,103 29,103 TOTAL FUNDS 529 198 Dlrectorfg responslbllltles: For the year ended 31st December 202 The Dlrectors are satisfied the charitable cnpanY was entstkd to exemptH)n from the requirement to obtain an audit under sectK)n 477 of the Compan5 Act 2006 relating to small companies. The members have not required the company to obtain an audit for the year In question in accordance wlth sttOn 476 of the Companies Act. However, in accordance with section 145 c( the charleS Act 2022, the COuntS have been examined by an Independent Examlner whose report appears after the Note5 to the Financial Statements. The DSrector(s) acknowled9e their respon51bli Sty for complylng wh the requlrements cl the Companies Act 2006 with respect to accounting recrxds and the preparation of accounts. The accounts have been prepared in accordance wth the provish)ns in Part 15 of the Companies Act 2006 appllcable to companies subject to the small companks reglme and in accordance wh FRS102 SORP. The directors acknowledge their responsibilrfcy for ensuring that the company keeps proper accounting records which compty wlth sections 386 of the Act 2006 and for preparing financial statement5 which give a true and falr view of the State of affalrs of the company as at the end of the financhal year and of its profit and loss for the financial year in accordance wf(h the requirement cl s£tIOnS 394 and 395 and which otherwise ccffipty with the requirements of the compan Act 2006 relating to accwnt5, so far as applicable to the company. Approved by the Directors on the... 2?2 Sned on thelr behalf by Director............. Print Name: thY fe ITCMrtO Company R83iStratuJn Number . 04943739 io

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.

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 2022.

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.

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.

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.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable.

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.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

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

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.

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.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Pensions

Pension contributions are charged to the Statement of Financial Activities as they become payable.

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 over their estimated useful lives. The rates applied are as follows:

General Equipment

25%

There has been no change to the accounting polices (Variation rules and methods of accounting) since last year.

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

2. TANGIBLE FIXED ASSETS

Additions Cost At 1 January 2024 Disposals Gain/ (Loss) Realised Gain/ (Loss) Revaluation Gain/(Loss) At 31 December 2024 Accumulated Depreciation At 1 January 2024 Charge for the Year At 31 December 2024 Net Book Value At 31 December 2024 At 1 January 2024	General Equipment Land & Buildings 2024 £ £ £ 56,136 825,824 881,960 - - - - - - - - - - - -
	56,136 825,824 881,960
	53,443 - 53,443 2,693 - 2,693
	56,136 - 56,136

	- 825,824 825,824
	2,693 825,824 828,517

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 2024 : None 31st December 2023 : None

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

3. INCOMING RESOURCES

Note c) Incoming from Charitable Activities Other income a) Donations & Legacies Gift Aid Tax Recovered Gifts & Offerings Standing Orders Sunday Offerings Trustee Giving b) Investment Income Interest Received Other Income : Event Receipts Other Income:Corporate donations TVC Bookings Rental Income Area Leaders Budget	Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 31,372 - 31,372 44,997 7,378 - 7,378 26,280 180,371 - 180,371 186,640 9,655 - 9,655 4,851 35,980 - 35,980 27,700 11,494 - 11,494 -
	276,250 - 276,250 290,468
	1,937 - 1,937 1,009
	1,937 - 1,937 1,009
	4,038 - 4,038 - - - - 3,366 5,772 - 5,772 - 1,500 - 1,500 1,300 - - - 586
	11,310 - 11,310 5,252

FARNHAM VINEYARD

(COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

4. RESOURCES EXPENDED

Note Building Costs:- Governance costs:- Bank Charges Insurance Costs Independent Examiner Fee Audit & Accountancy costs Legal & Professional fees Trustees Meeting Expenses a) Charitable Activities Cleaning Costs Consumables Rent & Rates Repairs & Maintenance Utility Costs Visiting Speakers Costs Sundry Expenses Ministry Costs:- Ministry & Training 20's & 30's Area Leaders Expenses Children's Ministry &Youth Work Mortgage Interest Finance & Admin costs:- Depreciation Expenses Equipment Costs Office Supplies Telephone Costs General & Other costs:- Events & Activities Hospitality Gifts & Offerings Holiday Club Mission Outreach Costs Staff costs:- Salaries & N.I Employer's NI Employer's Pensions Contributions Conferences & Training Travel & Subsistence Other costs:- TVC Repairs	Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 3,480 - 3,480 2,985 4,501 - 4,501 4,870 269 - 269 298 6,615 - 6,615 4,166 8,544 - 8,544 13,834 32,761 - 32,761 32,018
	56,170 - 56,170 58,171 2,693 - 2,693 898 5,677 - 5,677 2,145 1,217 - 1,217 1,363 5,448 - 5,448 6,674
	15,035 - 15,035 11,079 - 3,904 - 3,904 3,668 1,986 - 1,986 - 2,036 - 2,036 - 13,242 - 13,242 3,790
	21,168 - 21,168 7,459 381 - 381 1,865 329 - 329 - 1,002 - 1,002 797 3,904 - 3,904 2,059 24,660 - 24,660 24,653 1,366 - 1,366 2,438 683 - 683 3,184 3,579 - 3,579 576
	35,903 - 35,903 35,571 113,684 - 113,684 98,160 5,711 - 5,711 34,213 2,730 - 2,730 9,635 2,378 - 2,378 3,141 1,150 - 1,150 2,115
	125,653 - 125,653 147,265 - - - 4,542
	- - - 4,542 652 - 652 - 7,299 - 7,299 3,902 1,860 - 1,860 180 42 - 42 - 8,371 - 8,371 5,787 46 - 46 1,638
	18,269 - 18,269 11,506
	272,199 - 272,199 275,593

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024

5. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

	Balance				Gains &				Balance
	01-Jan-24	Income		Expenditure	(Losses)		Transfer		31-Dec-24
		£		£	£		£		£
Ditch the Debt Fund	25,662		-	-		-		-	25,662
Pastors Housing	3,441		-	-		-		-	3,441
	29,103		-	-		-		-	29,103
PREVIOUS FINANCIAL	YEAR
	Balance				Gains &				Balance
	01-Jan-23	Income		Expenditure	(Losses)		Transfer		31-Dec-23
		£		£	£		£		£
Ditch the Debt Fund	25,094		568	-		-		-	25,662
Pastors Housing	3,441		-	-		-		-	3,441
	28,535		568	-		-		-	29,103

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

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

6. INVESTMENTS

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

7. CASH AT BANK AND IN HAND

7. CASH AT BANK AND IN HAND
Current Bank Account Instant Access Account 40 day Access Account 8. DEBTORS AND PREPAYMENTS Fraudulent Activity Petty Cash Sundry Debtors Recoverable Gift Aid Pensions Payable 100 day Access Account Soldo Cards Enthuse.com Instant Access Savings Account	Unrestricted Restricted Total Total Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ (6,830) 23,512 16,681 13,517 (5,591) 5,591 - 754 67,330 - 67,330 45,725 10,497 - 10,497 10,174 263 - 263 - 205 - 205 - 806 - 806 - 35 - 35 35
	66,714 29,103 95,817 70,204
	Unrestricted Restricted Total Total Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 4,383 - 4,383 - 4,044 - 4,044 12,355 (0) - (0) 3,236 109 - 109 -
	8,536 - 8,536 15,591

9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fee Mortage Repayments PAYE & NIC Payable Creditors (Accounts payable) Barclaycard Commercial	Unrestricted Restricted Total Total Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 335 - 335 - 41,436 - 41,436 40,093 3,554 - 3,554 - 3,291 - 3,291 - 1,860 - 1,860 1,800
	50,477 - 50,477 41,893

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

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

Mortgage	Unrestricted Restricted Total Total Funds Funds 31-Dec-24 31-Dec-23 £ £ £ £ 321,399 - 321,399 331,417
	321,399 - 321,399 331,417

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 2024 £ Gross Wages & Salaries 113,684 Employer's National Insurance Costs 5,711 Employer's Pension Contributions 2,730 122,125 Average number of employees who were engaged in each of the following activities: TOTAL 2024 Charitable Activities 4	restated TOTAL 2023 £ 130,040 7,120 4,849
	142,009
	TOTAL 2023 4

The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2023 - None)

FARNHAM VINEYARD (COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024

12. DIRECTORS AND OTHER RELATED PARTIES

TORS AND OTHER RELATED PARTIES
Fees (Salary) Meeting expenses, Travel & Subsistence & Conference & Training Costs	2024 £ 49,000 759 49,759	2023 £ 35,607 1,704
		37,311

No other material 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.

(2023 - None)

13. RECONCILATION OF MOVEMENT ON CAPITAL AND RESERVES

The Company is Limited by Guarantee (04943739) and it is a charity registered with the Charity Commission (1101445).

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

Profit / Deficit for the financial year Other Recognised Gains Balance Brought Forward Closing Funds at 31-Dec-24	2024 £ 17,299 - 17,299 541,002 558,301	2023 £ 21,135 -
		21,135
		519,867
		541,002

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.