REGISTERED COMPANY NUMBER: 04967427 (England and Wales) REGISTERED CHARITY NUMBER: 1102939
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for The Viney Hill Christian Adventure Centre
millhall consultants ltd Carlson Suite Vantage Point Business Village Mitcheldean Gloucestershire GL17 0DD
The Viney Hill Christian Adventure Centre
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 17 |
| Detailed Statement of Financial Activities | 18 to 19 |
The Viney Hill Christian Adventure Centre
Report of the Trustees for the Year Ended 31 December 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purposes and main activities of the Viney Hill Christian Adventure Centre are:
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To educate and assist young persons through their leisure time activities to develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society, and that their conditions of life may be improved.
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To educate and assist young people suffering from mental or physical disability and those from disadvantaged backgrounds, to develop their full capacities, so that their condition of life may be improved.
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To advance religious and other charitable work of the Church of England in the Diocese of Gloucester.
Public benefit
The trustees have given due consideration to Charity Commission published guidance on the operation of the Public Benefit requirement.
Volunteers
All Trustees are appointed volunteers who receive no fees or expenses.
Page 1
The Viney Hill Christian Adventure Centre
for the Year Ended 31 December 2022
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE
Summary of the main achievements of the charity
Looking back on previous reports to Trustees, I was reminded that 2020 and 2021 were characterised by the difficulties generated by Covid-19 and recovering from those, albeit underpinned by a sense of optimism generated by our faith in God and his provision for us.
On summarising 2022, I feel that the sense of optimism I concluded 2021's report with, has been borne out. This year has indeed been a time of massive holistic growth across the Centre.
This can be observed in terms of developments in site and facilities, activities, products and services, customers, our organisational framework and our staffing structure. Some highlights are set out below.
Site and Facilities: We have constructed an Archery shelter, and an Outdoor classroom. The kitchen in the Old Vicarage, and the Tunnel System have been refurbished. Accessible pathing has been extended. We have a new cross on Cross Meadow . A 'Peace Garden' has been constructed and planted. We have a new minibus. Outstandingly, a new 'High Ropes' tower has been constructed and licensed.
Activities, products and services: Curriculum days and Improving Mental Health Activity days have been designed and marketed. High Ropes practices have been developed and related staff training has been undertaken. 60 bookings were delivered with our Sportily partners, including 'Good Samaritan' activity days.
Customers: In conjunction with our Sportily partners we have increased work with our local community and with 'disadvantaged' young people. We have adapted and developed new courses in response to needs driven by the pandemic. We have developed the diversity of the people visiting the Centre, hosting groups from the Churches of Brazil, China and Africa.
Organisational Framework: There has been a streamlining of staff roles and booking procedures. The Staff Handbook and associated policies was updated. Our Board of Trustees has been strengthened by new Diocesan representatives and the enhanced pool of skills and knowledge that they bring.
Staffing Structure: Through the Government's 'Kickstart' scheme we were able to offer placements to 4 young people. We employed two new instructors and a housekeeper. Despite shortages, we were able to draw on a bank of loyal 'Freelance' instructors. Sportily instructors have delivered faith based 'Value and Exploration' sessions here.
Our general footfall has been back where it was prior to the disruption of the Covid-19 pandemic and there are signs that we are anticipating significant growth in 2023 due to the amount of booking enquiries we are receiving and the general demand for outdoor education and wellbeing programmes that the pandemic has generated.
I believe that 2023 should be a year where we focus on consolidation and the quality of delivery. We do have challenges over site maintenance and tidiness. Our Policies and Guidance documents need to be reviewed and updated more systematically. We should consider alternatives/additions to camping. We will progress work on our developing relationship with Sportily, etc. Crucially we must focus our intentions for the future by completing a Strategic Development Plan.
In summary then, during 2022 we have proven ourselves to be an agile organisation, capable of adapting to challenges. We have a conscientious, flexible and skilled staff. Our Trustees are committed, active and have a diverse skill base. This leads to excellent customer feedback and very high retention rates. Generally the Centre is functioning very well.
Most importantly, we continue to base all we do on prayer and on seeking to act in accordance with God's will. We consider that we are carrying out God's work in this place and we thank Him for his blessings and provision.
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The Viney Hill Christian Adventure Centre
Report of the Trustees for the Year Ended 31 December 2022
FINANCIAL REVIEW
Financial position
Throughout the year the Centre has successfully managed the budget for income and expenditure and been blessed with a small surplus of £3,700. It has been a very good year in terms of managing our day to day costs and also receiving exceptional grant income provision. This has enabled us to invest significantly in the site and its facilities for the benefit of young people.
Income: Our trading income was £380,000, the bulk of which comes from charging schools for residential visits and other groups for day visits. It was encouraging to note that our turnover was back up to pre-pandemic levels and that we had increased the proportion of visits that were package deals, as was our aim, to ensure that we continue to deliver the best value for money and keep our operational costs manageable.
We subsidised disadvantaged groups in different ways, including a budget allowance allocated to Sportily, our delivery partners, to use our facilities free of charge for young people from disadvantaged backgrounds, improving mental health activity days and families work.
Expenditure: Our biggest costs are salaries, accounting for 50% of expenditure. Buildings and activities are generally in good condition as we have invested heavily from our reserves and grant funding to maintain them.
We have typically begun to see high cost increases creep into our operational costs for electricity, oil, laundry services, catering costs, waste and recycling. These have not been unexpected and we have been able to manage them within the budget thus far. Additional budget allowances are being made going forward as the cost of living crisis is not set to ease in 2023.
Grants: In the past the organisation has been about 90% self-funded and 10% grant funded. 2022 was an exceptional year because we raised £250,000 capital from 12 different grant funders for a High Ropes Course that is now operational. We also received a large grant of £42,250 from the governments Levelling Up fund to help us get back on track after the pandemic.
Sustainability: We have a reasonable reserves policy and generally a good cashflow with a high proportion of forward bookings so we continue to be a viable charity. It is, however, difficult for us to fund staffing for Christian faith-based programmes, supported paid placements for young people, and subsidise improving mental health day visits as these do not entirely pay for themselves, so we continue to seek additional sources of funding for these activities.
Future Plans: We are experiencing unprecedented growth and a high demand for our programmes in 2023/24. We do need to increase accommodation capacity to this end, for which capital funding will be needed. We are therefore beginning a process of seeking Expressions of Interest from various Funders.
The Trustees would like to extend particular thanks to the following organisations who provided grants and donations towards our work in 2022. These donations have made a huge difference to investing in our activities and accommodation onsite.
Levelling up Youth Investment fund Arts Council England Jubilee Fund Sylvanus Lysons Awards for All Severn Wye Target 30 Gloucester City Council Hedley Foundation Barnwood Trust Garfield Weston
Page 3
The Viney Hill Christian Adventure Centre
Report of the Trustees for the Year Ended 31 December 2022
FINANCIAL REVIEW
Reserves policy
The aim of the Charity is to hold sufficient reserves to allow the Centre to continue as a going concern for a minimum period of six months should there be no income stream. It is the policy of the Trustees therefore to hold minimum designated reserves of £130,000.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Charity constitution
The organisation is a charitable business that is a Company limited by guarantee and not having a share capital. The governing document for the charity is the Memorandum & Articles of Association incorporated 18th November 2003.
Recruitment and appointment of new trustees
The Trustees' selection methods are included in this document including details of any constitutional provision, e.g. election to post or name or any person or body entitled to appoint one or more Trustee. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Trustees are conscious of their responsibilities to evaluate and monitor the risks to which the charity is exposed. The risks identified include financial controls and health and safety standards. A continuous review of risks is undertaken by staff, the Trustees review the documented results at each Trustees' meeting.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
04967427 (England and Wales)
Registered Charity number
1102939
Registered office
The Old Vicarage Viney Hill Lydney Gloucestershire GL15 4NA
Page 4
The Viney Hill Christian Adventure Centre
Report of the Trustees for the Year Ended 31 December 2022
Trustees
F Bancroft R P Bott S Longton (Chair of Trustees) S A Moore Rev S C Norton B Stevens Rev J Wetherall M D Wyatt Ven H Dawson B Preece-Smith Mrs K Wyatt Ms R Howie
Company Secretary
T Paragreen
Independent Examiner
millhall consultants ltd Carlson Suite Vantage Point Business Village Mitcheldean Gloucestershire GL17 0DD
TRUSTEES' RESPONSIBILITY STATEMENT
The trustees (who are also the directors of The Viney Hill Christian Adventure Centre for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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The Viney Hill Christian Adventure Centre
Report of the Trustees
for the Year Ended 31 December 2022
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 26 May 2023 and signed on its behalf by:
S Longton - Trustee
Page 6
Independent Examiner's Report to the Trustees of The Viney Hill Christian Adventure Centre
Independent examiner's report to the trustees of The Viney Hill Christian Adventure Centre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (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 the Company 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 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Ben Hall FCA
millhall consultants ltd Carlson Suite Vantage Point Business Village Mitcheldean Gloucestershire GL17 0DD
26 May 2023
Page 7
The Viney Hill Christian Adventure Centre
Statement of Financial Activities for the Year Ended 31 December 2022
| Unrestricted Restricted funds fund Notes £ £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable activities 374,596 9,400 Investment income 2 3,449 - Other income 7,197 - Total 385,242 9,400 EXPENDITURE ON Charitable activities Charitable activities 390,937 - NET INCOME/(EXPENDITURE) (5,695) 9,400 RECONCILIATION OF FUNDS Total funds brought forward 244,903 33,946 TOTAL FUNDS CARRIED FORWARD 239,208 43,346 |
2022 Total funds £ 383,996 3,449 7,197 394,642 390,937 3,705 278,849 282,554 |
2021 Total funds £ 325,628 2,211 66,876 394,715 369,475 25,240 253,609 278,849 |
|---|---|---|
The notes form part of these financial statements
Page 8
The Viney Hill Christian Adventure Centre
Balance Sheet 31 December 2022
| Unrestricted Restricted funds fund Notes £ £ FIXED ASSETS Tangible assets 6 31,429 - CURRENT ASSETS Debtors 7 15,883 - Cash at bank 311,856 56,346 327,739 56,346 CREDITORS Amounts falling due within one year 8 (52,280) - NET CURRENT ASSETS 275,459 56,346 TOTAL ASSETS LESS CURRENT LIABILITIES 306,888 56,346 ACCRUALS AND DEFERRED INCOME 9 (67,680) (13,000) NET ASSETS 239,208 43,346 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
2022 Total funds £ 31,429 15,883 368,202 384,085 (52,280) 331,805 363,234 (80,680) 282,554 239,208 43,346 282,554 |
2021 Total funds £ 23,463 26,603 413,295 439,898 (56,497) 383,401 406,864 (128,015) 278,849 244,903 33,946 278,849 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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The Viney Hill Christian Adventure Centre
Balance Sheet - continued 31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2023 and were signed on its behalf by:
S Longton - Trustee
The notes form part of these financial statements
Page 10
The Viney Hill Christian Adventure Centre
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: 10% / 25% / 33% straight line method
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated Funds - Subclassification of the Unrestricted Fund
The aim of the Charity is to hold sufficient reserves to allow the Centre to continue as a going concern for a minimum period of six month's should there be no income stream, such as from the events in 2001 when an outbreak of foot and mouth disease forced many parts of the Forest of Dean to be closed off. It is the policy of the Trustees therefore to hold minimum reserves of £100,000 (equivalent of six months management and administration cost). Further, the Trustees have designated a further £30,000 to be held for emergency building repairs. As such, £130,000 of cash held is designated for these two reasons, controllable at the discretion of the Trustees.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
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The Viney Hill Christian Adventure Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Deposit account interest | 3,449 | 2,211 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets Other operating leases Surplus on disposal of fixed assets |
2022 £ 9,503 18,000 (1,000) |
2021 £ 12,752 13,500 - |
|---|---|---|
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted funds fund £ £ INCOME AND ENDOWMENTS FROM Charitable activities Charitable activities 298,472 27,156 Investment income 2,211 - Other income 66,876 - Total 367,559 27,156 EXPENDITURE ON Charitable activities Charitable activities 319,475 50,000 NET INCOME/(EXPENDITURE) 48,084 (22,844) |
Total funds £ 325,628 2,211 66,876 394,715 369,475 25,240 |
|---|---|
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The Viney Hill Christian Adventure Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS Improvements to Plant and property machinery £ £ COST At 1 January 2022 81,995 108,468 Additions - 15,961 At 31 December 2022 81,995 124,429 DEPRECIATION At 1 January 2022 62,395 104,901 Charge for year 7,360 1,544 At 31 December 2022 69,755 106,445 NET BOOK VALUE At 31 December 2022 12,240 17,984 At 31 December 2021 19,600 3,567 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments |
Unrestricted Restricted funds fund £ £ 196,819 56,790 244,903 33,946 Motor Computer vehicles equipment £ £ 28,353 8,745 - 1,508 28,353 10,253 28,353 8,449 - 599 28,353 9,048 - 1,205 - 296 2022 £ 8,285 - 7,598 15,883 |
Total funds £ 253,609 278,849 Totals £ 227,561 17,469 245,030 204,098 9,503 213,601 31,429 23,463 2021 £ 15,880 4,960 5,763 26,603 |
|---|---|---|
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The Viney Hill Christian Adventure Centre
Notes to the Financial Statements - continued
for the Year Ended 31 December 2022
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Trade creditors | 15,042 | 7,356 | ||
| Accrued expenses | 37,238 | 49,141 | ||
| 52,280 | 56,497 | |||
| 9. | ACCRUALS AND DEFERRED INCOME | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Accruals and deferred income | 67,680 | 74,578 | ||
| Deferred government grants | 13,000 | 53,437 | ||
| 80,680 | 128,015 | |||
| 10. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1/1/22 | in funds | 31/12/22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 244,903 | (5,695) | 239,208 | |
| Restricted funds | ||||
| Restricted fund | 33,946 | 9,400 | 43,346 | |
| TOTAL FUNDS | 278,849 | 3,705 | 282,554 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 385,242 | (390,937) | (5,695) | |
| Restricted funds | ||||
| Restricted fund | 9,400 | - | 9,400 | |
| TOTAL FUNDS | 394,642 | (390,937) | 3,705 |
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The Viney Hill Christian Adventure Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/1/21 | in funds | 31/12/21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 196,819 | 48,084 | 244,903 |
| Restricted funds | |||
| Restricted fund | 56,790 | (22,844) | 33,946 |
| TOTAL FUNDS | 253,609 | 25,240 | 278,849 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 367,559 | (319,475) | 48,084 |
| Restricted funds | |||
| Restricted fund | 27,156 | (50,000) | (22,844) |
| TOTAL FUNDS | 394,715 | (369,475) | 25,240 |
| A current year 12 months and prior year 12 months combined position is as | follows: | ||
| Net | |||
| movement | At | ||
| At 1/1/21 | in funds | 31/12/22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 196,819 | 42,389 | 239,208 |
| Restricted funds | |||
| Restricted fund | 56,790 | (13,444) | 43,346 |
| TOTAL FUNDS | 253,609 | 28,945 | 282,554 |
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The Viney Hill Christian Adventure Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 752,801 (710,412) 42,389 36,556 (50,000) (13,444) 789,357 (760,412) 28,945 |
|---|---|
11. EMPLOYEE BENEFIT OBLIGATIONS
In addition to offering a defined contribution pension scheme under NEST, The Viney Hill Christian Adventure Centre participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.
The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.
Pension Builder Scheme
The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.
Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Bonuses may also be declared, depending upon the investment returns and other factors.
Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members' Normal Pension Age.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers and contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable (2022: £3,916, 2021: £4,060).
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The Viney Hill Christian Adventure Centre
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. EMPLOYEE BENEFIT OBLIGATIONS - continued
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2019. A valuation is due to be carried out as at 31 December 2022 and is expected to be completed in early 2024.
For the Pension Builder Classic section, the valuation revealed a deficit of £11.3m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, The Viney Hill Christian Adventure Centre could become responsible for paying a share of that employer's pension liabilities.
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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The Viney Hill Christian Adventure Centre
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| INCOME AND ENDOWMENTS Investment income Deposit account interest Charitable activities Charitable activities Other income Other income Total incoming resources EXPENDITURE Charitable activities Wages Social security Pensions Other operating leases Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Catering Purchases Freelance Worker Fees and cost Hartpury travel & subsistence Mallard's Pike Lake Fees Wellspring costs Cleaning Travel, subsistence and motor Health & Safety Expenses IT Software and Consumables Laundry Membership Fees Professional fees Repairs and Maintenance Staff Training High Ropes Waste disposal Activity equipment Carried forward |
2022 £ 3,449 383,996 7,197 394,642 149,168 6,971 3,916 18,000 4,182 11,069 15,920 1,221 605 368 7,861 47,419 35,256 723 1,936 20 3,105 6,057 2,374 2,413 8,247 570 6,262 10,912 3,424 - 2,723 6,841 357,563 |
2021 £ 2,211 325,628 66,876 394,715 116,308 5,094 4,060 13,500 10,505 7,802 8,271 834 830 - 2,230 40,405 38,501 1,049 1,504 578 3,099 5,250 2,522 2,636 4,848 1,942 2,373 6,641 685 50,000 - 8,280 339,747 |
|---|---|---|
This page does not form part of the statutory financial statements
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The Viney Hill Christian Adventure Centre
Detailed Statement of Financial Activities
for the Year Ended 31 December 2022
| Charitable activities Brought forward Site improvements Depreciation - freehold property Depreciation - plant and machinery Depreciation - computer equipment Loss on sale of tangible fixed assets Support costs Governance costs Accountancy fees Total resources expended Net income |
2022 £ 357,563 23,070 9,296 137 71 (1,000) 389,137 1,800 390,937 3,705 |
2021 £ 339,747 15,176 7,562 4,613 577 - 367,675 1,800 369,475 25,240 |
|---|---|---|
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