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2022-03-31-accounts

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Wokingham Vineyard
Christian Fellowship
Report and Accounts
year ended 31 March 2022
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WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Mr Nino Moscardini Mrs Debbie Moscardini Mr Nicholas Pashley Mrs Katharine Sparks Mr Christopher Taylor

Company Secretary

Mr Christopher Taylor

Governing Document

Memorandum and Articles of Association dated 26 October 2004

Company Registration Number 5269829 Charity Registration Number 1106781 Principal Address & Registered Office 25 Wellington Business Park Dukes Ride Crowthorne RG45 6LS

Independent Examiner

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

HSBC Bank Plc 1-2 Market Place Wokingham RG40 1AL

Shawbrook Bank Ltd Lutea House Warley Hill Business Park The Drive Great Warley Brentwood CM13 3BE

Contents Page
Company Information 1
Trustees' Annual Report 2-7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity is a charitable company and is governed by its memorandum and articles of association. The objects of the charity, as set out in the governing document are:

a) to advance the Christian faith

b) to relieve persons in need or hardship or distress (be it due to poverty, age or sickness)

c) to advance Christian education

in Wokingham, elsewhere in the United Kingdom and the world.

To help fulfil the above objectives, the charity operates a church, and through the church, seeks to demonstrate the Christian faith in action. Currently this includes support for:

Summary of the charity's main activities and achievements

In planning the activities the Directors have applied the guidance on public benefit issued by the Charity Commission.

To further the above objects and vision, the charity's main activities and achievements were as follows:

Church Services

We meet at Edgbarrow School on Sunday mornings. Attending church services, as well as getting connected by serving on a team and joining a mid-week group is a normal part of life within Wokingham Vineyard Church.

We started the year by broadcasting our services from Edgbarrow School, with a small team of people on site. Over the summer we moved our church services outside and were able to gather as a church community in a safe environment. It was wonderful to see each other in person again and connect with each other. We came together at the end of the summer to enjoy a hog roast and some extended time together.

We continued to broadcast the service throughout the summer and beyond. When the autumn term started, we began meeting inside the school building as a community for the first time in about 18 months. We had hoped that our Christmas services would go ahead as planned, however we reverted to prerecording our Christmas eve and Christmas day services at the last moment due to the increased rise in covid cases. We continue to welcome many new faces to the church.

Youth work

Our youth work is for those in school years 6–11; we have had an amazing team of youth leaders working with our young people and building relationships over the past year. Recognising the importance of in person gatherings for young people, and as restrictions eased, we started the year running our youth group outside with socially distanced activities. In the autumn term we were able to do some mid-week social activities giving the young people a chance to reconnect. We have re commenced Sunday morning youth work; however, attendance has been limited.

Page 2

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Kids work

Our kid’s work is for children up to the age of 11; which includes crafts, worship and bible stories and a big dose of fun. We started the year pre-recording kids church before moving to Zoom. The children really enjoyed being able to interact with each other which encouraged us to start hosting kids church once a month on a Sunday afternoon in person, outside. By the summer the children were enjoying kids church every week on Sunday mornings. We started with just a handful of children, but we have seen numbers increase as families have started coming back to church and new families have joined us.

As we are now broadcasting the church service, this has enabled us to set up a live stream link into our creche which is for children under 2 and their parents. The Big Nativity is often a highlight of the year, and once again, covid changed the format of the nativity. The children rehearsed and recorded the nativity on Sunday mornings ahead of the main event which combined pre-recorded material with live narrators.

Emergency Compassion Assistance

Compassion has been and will continue to be a major focus of Wokingham Vineyard. Emergency Compassion Assistance enables those within the Wokingham Vineyard community to make a request for assistance. Reasons for needing emergency assistance may include medical emergencies, job loss, or severe family crisis. Once a request for assistance has been made, our Service Navigator will seek to understand the situation and assess the needs of the individual or family. A plan will be put in place to address the needs which could include practical support, material support, financial support or spiritual support. It could include the provision of meals cooked by others, a referral to foodbank or clothing referral. Whilst we have supported people in the past with these needs in an ad hoc fashion, this framework will ensure a more consistent and holistic approach is used.

Growbaby

Growbaby stay and play sessions were suspended at the start of lockdown. During this time we had the opportunity to re-think what Growbaby looks like going forward. We recognised the need not just for material support but also relational support. In the summer term we were able to run some new activities which included Toddler’s in the Park and Baby Café, for pre-walking babies – these opportunities to connect were of real value to those who joined in. We also started up coffee and cake in the summer term which has continued to run since then. Volunteers are also able to refer and signpost people to other services when needs arise, including referrals to other local charities which specialise in the provision of children's clothing and baby equipment.

Kids Matter & Babies Matter

Kids Matter & Babies Matter are 6-week parenting programmes which are effective and accessible parenting programmes for families who want to learn skills to help their children flourish. Kids Matter was on hold throughout lockdown but was able to run every term during this year. We also started Babies Matter for the first time and ran this twice over the year. Many families are referred to us through community links with health visitors and social services - we have had to create a waiting list for parents to attend.

We were delighted to receive funding from the National Lottery, Cinnamon Network and Arnold Clark which will be used to enable the consistent provision of these programmes for a year. The grants enabled us to welcome a new member of staff to the team taking on the role of co-ordinating the parenting programmes.

Page 3

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Crowthorne Foodbank

Crowthorne Foodbank continues to provide a vital community service, feeding 1100 people this year (2021: 1143) through the provision of emergency food parcels. We continued to support clients, however, to minimise the risk of transmission of covid we greeted clients at the door rather than inviting them into the premises. The local community continues to support us generously – this support has ensured the continued provision of emergency food to those in need. Wellington College provides us with a home for our temporary storage and packing facilities. The storage units were moved during the year to a new location within the grounds of the College. We had hoped to enhance and improve our warehouse facilities at the start of 2022; however, this has been delayed.

Zoe Zambia

We continued to support orphaned children in Zambia which includes the provision of education. A small number of children that are supported have completed basic school and are now continuing into secondary education. Zoe has funded the building of a new basic school which was built by a community workforce. Phase 2 of the build was completed during the year. In November 2021, the school was visited by one of our UK based Zoe Zambia representatives. Since then, solar panels have been funded and installed which allows the admin block to be used in the evenings for adult education classes.

Volunteers

We encourage people to volunteer their time by serving through the activities listed above. Most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their generosity and dedication. We are so grateful for their continued commitment and support as we have emerged from the pandemic.

Administration

Wokingham Vineyard has a lease agreement for an office unit on Wellington Business Park in Crowthorne. It provides the church with a central location for events, meetings and administrative tasks. Parenting courses are run from here, and Foodbank clients visit the church centre at appointed times during the week.

Structure, Governance and Management

Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees, who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to the Senior Pastors. New trustees are recruited and appointed by the existing trustees, by a majority vote.

Page 4

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Financial review

Unrestricted funds

Unrestricted income remained stable this year £139,200 (2021: £138,900) however unrestricted expenditure increased to £127,600 (2021: £118,700), this gave rise to a surplus of £11,600 (2020: £20,200). Unrestricted net assets include cash of £140,000, of which £80,000 is set aside to meet the future cost of employing a full-time pastor.

Restricted funds

Restricted income increased to £186,000 (2021: £181,000) and unrestricted expenditure decreased to £117,000 (2021: £128,500), which gave rise to a surplus of £69,100 (2021: £52,500). Restricted net assets include cash of £184,300. Looking at the charity's principal restricted funds in greater detail:

Zoe Zambia

Income increased to £107,100 (2021: £80,900) following fundraising efforts for phase 3 of the school project and a charity golf day. The charity golf day was attended by many golfers, including a number who have been long term supporters of Zoe. Expenditure decreased to £56,600 (2021: £64,100), as phase 2 of the school project was completed in April 2021.

Foodbank

Income decreased to £65,700 (2021: £92,400); in 2021 there was a sharp increase in monetary donations received following the covid-19 pandemic, which has now subsided. Expenditure decreased to £56,100 (2021: £59,600).

Reserves policy

The Board of Directors have determined that the charity should aim to hold free reserves (which the Directors define to be unrestricted, undesignated net current assets) of £74,000, which equates to about 6 months' of unrestricted expenditure, so that the charity could continue to operate should income and / or expenditure vary adversely. At year end the company held free reserves of £68,500, which is lower than the target set by the Directors. In addition at year end the charity held cash of £80,000 in a designated fund; no commitment has yet been made to spend the money in this fund and, should the need arise, this cash could be used to help fund the charity's activities.

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The Directors review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

Page 5

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Plans for the future

Church Services

We hope to hold some additional church gatherings throughout the year, including easter activities and an outdoor service and celebration for the Queen’s Platinum Jubilee. We will also host a meet and mingle event after church, creating space for those who have joined the church recently to meet other people and get to know us. We would also like to hold a baptism service – something we have not been able to do for some time.

Kids & Youth work

We are looking forward to expanding the Kids & Youth teams in the coming year. We also plan to develop our provision and would like to introduce kid’s worship.

Growbaby

We have not used the name Growbaby for any of our activities since lockdown, however several of the activities we run today have been birthed from what was Growbaby. In many ways Growbaby has expanded into multiple activities and services including the provision of parenting courses.

Kids Matter & Babies Matter

The funding we have received for parenting programmes will allow us to continue running the courses throughout 2022. We hope to be able to continuing offering the these programmes in 2022 and beyond.

Crowthorne Foodbank

We plan to continue providing this vital support in the coming year and hope to be able to welcome clients back into the premises again soon. We anticipate that need will rise, as cost-of-living increases put pressure on household income. Crowthorne Foodbank is open from 12-2pm two days per week. We plan to trial adding some new opening times in the evenings, to ensure that those in need can get the support they require.

Zoe Zambia

We anticipate the completion of the third and final phase of the school building project in the coming year. Once this has been completed, the focus for Zoe Zambia going forward will be supporting orphaned children, rather than community development projects.

Page 6

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2022

Responsibilities of Directors under company law

The Directors are responsible for preparing the Directors' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the Directors are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the Directors and signed on their behalf by:

Christopher Taylor

Christopher Taylor

Date: 08/12/2022

Page 7

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 9 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 12.

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 the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, 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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. 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

  4. 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.

Ajay Rajani

Ajay Rajani FCIE Fellow of the Association of Charity Independent Examiners Stewardship 1 Lamb's Passage London

Date: 08/12/2022

Page 8

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other trading activities
4
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
13
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 Unrestricted
Funds
£
137,635
-
380
1,195
139,210
127,611
127,611
11,599
-
136,934
148,532		 Restricted
Funds
£
164,001
22,046
-
-
186,047
116,995
116,995
69,052
-
142,581
211,633		 Total
Funds
2022
£
301,635
22,046
380
1,195
325,256
244,606
244,606
80,650
-
279,515
360,165		 Total
Funds
2021
£
318,090
-
744
1,065
319,900
247,264
247,264
72,636
-
206,879
279,515

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 11-19 form part of these accounts.

Page 9

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

BALANCE SHEET

AS AT 31 MARCH 2022

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stock
8
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
13
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
-
-
-
12,541
139,982
152,523
(3,990)
148,532
148,532
68,532
80,000
148,532
-
148,532		 Restricted
Funds
£
1,840
1,840
21,672
4,329
184,296
210,298
(505)
209,793
211,633
-
-
-
211,633
211,633		 Total
Funds
2022
£
1,840
1,840
21,672
16,871
324,278
362,820
(4,495)
358,325
360,165
68,532
80,000
148,532
211,633
360,165		 Total
Funds
2021
£
2,601
2,601
15,327
12,316
253,559
281,201
(4,288)
276,914
279,515
56,934
80,000
136,934
142,581
279,515

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Christopher Taylor

Christopher Taylor Date: 08/12/2022

Company number: 5269829

The notes on page 11-19 form part of these accounts.

Charity number: 1106781

Page 10

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These 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 (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

The charity relies on volunteers to carry out many of its activities, particularly Sunday services (including children's and youth work), Foodbank, Kids Matter & Babies Matter. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.

When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from Golf Days and similar events.

Investment income represents income generated by the charity's assets and comprises bank interest.

Other income comprises gains arising from the disposal of tangible fixed assets.

c) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Page 11

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

d) Fund accounting

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

h) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

j) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

k) Critical accounting estimates and areas of judgement

Page 12

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

3 Donations

3
Donations
Donations of cash and similar
Donations in kind (note 3a)
Grants
Income tax recoverable
a
Donations in kind comprise:
Goods donated for distribution to foodbank beneficiaries
Donated facilities		 Unrestricted
Funds
£
112,987
-
-
24,648
137,635
Unrestricted
Funds
£
-
-
-		 Restricted
Funds
£
93,069
45,445
17,300
8,187
164,001
Restricted
Funds
£
42,980
2,465
45,445		 2022
£
206,056
45,445
17,300
32,835
301,635
2022
£
42,980
2,465
45,445		 2021
£
228,735
52,033
-
37,323
318,090
2021
£
49,568
2,465
52,033

Donated facilities comprise of storage units that have been made available rent-free for foodbank activities.

4
Income from other trading activities
Charity golf day
5
Charitable expenditure
a
Costs incurred directly on specific activities
Activities and Events
Advertising and Publicity
Children's & Youth Work
Conference Costs
Contracted Services
Donated facilities expended
Equipment
Goods distributed to foodbank beneficiaries
Gifts and donations
IT Support and Software
Motor Vehicle Costs
Office Service Charge & Cleaning Costs
Rent and Rates
Repairs and Maintenance
Salaries and Wages
Telephone & Broadband
Training
Utilities
Venue hire
Grants payable (note 4c)
Costs incurred to support grant making to Zoe Orphan Link
Cost of raising funds		 Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
3,537
485
994
-
4,905
-
1,316
-
829
1,466
1,145
4,688
27,460
1,714
39,352
1,107
250
2,497
13,390
15,293
-
111
120,541		 Restricted
Funds
£
22,046
22,046
Restricted
Funds
£
430
-
48
-
240
2,465
2,025
36,635
1,504
-
-
-
3,200
108
11,252
161
-
-
-
44,042
4,586
8,931
115,627		 2022
£
22,046
22,046
2022
£
3,968
485
1,043
-
5,145
2,465
3,341
36,635
2,333
1,466
1,145
4,688
30,660
1,822
50,604
1,267
250
2,497
13,390
59,335
4,586
9,042
236,168		 2021
£
-
-
2021
£
863
741
713
(310)
2,020
2,465
6,268
42,900
3,414
2,040
814
5,092
30,920
949
47,948
1,230
2,955
1,346
13,390
71,953
(1,925)
3,890
239,675

Page 13

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Printing, postage and stationery
Legal and professional fees
Licenses and subscriptions
Depreciation of tangible fixed assets
Insurance
Total expenditure		 Unrestricted
Funds
£
1,560
133
1,256
1,617
-
2,504
7,070
127,611		 Restricted
Funds
£
-
431
36
140
761
-
1,368
116,995		 2022
£
1,560
563
1,292
1,757
761
2,504
8,438
244,606		 2021
£
1,440
561
656
1,496
1,064
2,372
7,589
247,264

The fee payable to the independent examiner for examining the accounts was £1,800 (2021: £1,920).

c
Grants payable
Grants for UK and overseas mission:
Vineyard Churches UK & Ireland
Edgbarrow School
Grants for the relief of poverty:
The Cowshed
Individuals
Grants made to Zoe Orphan Link in Zambia (Zoe Zambia) to help relieve
for the construction of a school
to care for orphans
to help support workers
to help meet vehicle costs
for other activities		 Institutions
£
6,893
3,000
5,400
-
poverty:
16,682
12,929
5,058
1,614
7,609
59,185		 Individuals
£
-
-
-
150
-
-
-
-
-
150		 2022
£
6,893
3,000
5,400
150
16,682
12,929
5,058
1,614
7,609
59,335		 2021
£
7,040
-
-
1,906
38,219
12,241
7,617
2,142
2,788
71,953

6 Analysis of staff costs, the cost of key management personnel and trustee remuneration

ysis of staff costs, the cost of key management personnel and trustee remuneration
Gross wages and salaries
Pension costs		 2022
£
49,712
893
50,604		 2021
£
47,216
732
47,948

The average monthly number of employees during the year was 3 (2021: 3), equivalent to 1.8 (2021: 1.7) full time staff. Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

Total employment benefits payable to key management (which includes the trustees) for the year were as follows:

Mrs Debbie Moscardini 2022
£
18,075
18,075		 2021
£
18,075
18,075

Mrs Moscardini serves as a religious pastor and received the above payments for serving in that capacity, not for serving as trustee; these payments are permitted by the charity's governing document.

Page 14

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

7 Tangible fixed assets

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Accumulated depreciation
At 1 April 2021
Charge for the year
Eliminated on disposal
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021
8
Stock
Donated goods
For distribution to beneficiaries
9
Debtors
Falling due within one year:
Tax recoverable
Other debtors
Prepayments and accrued income
10
Cash at bank and in hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
Petty cash
11
Creditors: liabilities falling due within one year
Independent Examiner's fee
Other creditors
Other accruals		 Fixtures,
fittings and
equipment
£
11,126
-
-
11,126
8,524
761
-
9,286
1,840
2,601
2022
£
21,672
21,672
2022
£
2,580
-
14,290
16,871
2022
£
248,867
75,411
-
324,278
2022
£
1,800
880
1,816
4,495		 Total
2022
£
11,126
-
-
11,126
8,524
761
-
9,286
1,840
2,601
2021
£
15,327
15,327
2021
£
3,178
154
8,983
12,316
2021
£
178,090
75,411
59
253,559
2021
£
1,920
857
1,511
4,288

12 Pension commitments

During the year employer’s pension contributions totalling £893 (2021: £732) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2021: £nil).

Page 15

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

13 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
Pastor's Salary fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Foodbank fund
Growbaby fund
Zoe Zambia fund
Refurbishment fund
Compassion fund
Kids Matter & Babies Matter fund
Aggregate of funds		 Opening
balance
2022
£
80,000
56,934
136,934
48,376
407
81,614
1,519
10,666
-
142,581
279,515		 Incoming
resources
2022
£
-
139,210
139,210
65,668
-
107,129
-
250
13,000
186,047
325,256		 Outgoing
resources
2022
£
-
(127,611)
(127,611)
(56,092)
(260)
(56,609)
-
(1,304)
(2,729)
(116,995)
(244,606)		 Transfers
in the year
2022
£
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
80,000
68,532
148,532
57,951
147
132,133
1,519
9,612
10,271
211,633
360,165

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

assets and liabilities of the various funds were as follows:
Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
-
-
-
12,541
-
59,982
80,000
(3,990)
-
68,532
80,000
Unrestricted Funds		 Restricted
funds
£
1,840
21,672
4,329
184,296
(505)
211,633		 2022
£
1,840
21,672
16,871
324,278
(4,495)
General
funds
£
-
-
12,541
59,982
(3,990)
68,532
360,165

Page 16

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

13 Funds continued

In the previous year the movements in the charity's funds were as follows:

Designated Funds
Pastor's Salary fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Foodbank fund
Growbaby fund
Zoe Zambia fund
Refurbishment fund
Compassion fund
Aggregate of funds		 Opening
balance
2021
£
67,000
56,795
123,795
15,543
1,174
64,849
1,519
-
83,084
206,879		 Incoming
resources
2021
£
-
138,912
138,912
92,427
333
80,859
-
7,368
180,987
319,900		 Outgoing
resources
2021
£
-
(118,733)
(118,733)
(59,595)
(1,100)
(64,095)
-
(3,741)
(128,530)
(247,264)		 Transfers
in the year
2021
£
13,000
(20,040)
(7,040)
-
-
-
-
7,040
7,040
-		 Closing
balance
2021
£
80,000
56,934
136,934
48,376
407
81,614
1,519
10,666
142,581
279,515

The transfers referred to above were made for the following reasons:

a) £7,040 from general unrestricted funds to the restricted Compassion fund as to ring fence additional resources for this purpose.

b) £13,000 from general unrestricted funds to the designated Pastor's Salary fund so as to set aside additional resources for the purpose explained below.

Analysis of net assets by fund

In the previous year, the assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year		 General
Designated
funds
funds
£
£
-
-
-
-
11,159
-
50,061
80,000
(4,286)
-
56,934
80,000
Unrestricted Funds		 Restricted
funds
£
2,601
15,327
1,157
123,498
(2)
142,581		 2021
£
2,601
15,327
12,316
253,559
(4,288)
General
funds
£
-
-
11,159
50,061
(4,286)
56,934
279,515

Pastor's Salary Fund: this represents resources set aside by the trustees to help meet the future costs of employing a full-time pastor.

Foodbank Fund: this was created from donations of cash and goods to support Crowthorne Foodbank.

Growbaby Fund: this was created from donations of cash to support the Growbaby project, which aims to support families with babies and young children.

Zoe Zambia Fund: this was created from donations received to support the Zoe Zambia project, which helps orphaned children in Zambia.

Refurbishment Fund: this was created from donations received to help fund the refurbishment of the charity's premises at Wellington Business Park.

Compassion Fund: this was created from donations received to support those in need of Emergency Compassion Assistance. From time to time transfers are made from unrestricted funds to this restricted fund so as to increase the amount ring fenced for this purpose.

Kids Matter & Babies Matter Fund: this was created from grants received to help fund the running of parenting programmes.

Page 17

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

14 Operating lease commitments

The charity has renewed an operating lease for its property in Wellington Business Park. The minimum amount payable (until the next break clause) in respect of this lease is as follows:

next break clause) in respect of this lease is as follows:
Within one year
Between one and five years
After five years
Payments falling due:		 2022
£
30,660
27,038
-
57,698		 2021
£
30,660
57,698
-
88,358

During the year the charity was charged £30,660 (2021: £30,660) for its operating lease.

15 Transactions with related parties

During the year the charity received donations totalling £29,498 (2021: £25,932) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).

Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses were paid to (or for) the trustees in the current year and in the preceding year.

Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year.

16 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 18

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Other trading activities
4
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net income/(expenditure)
Transfers between funds
13
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
13		 General
Designated
2022
2022
£
£
137,635
-
-
-
380
-
1,195
-
139,210
-
127,611
-
127,611
-
11,599
-
-
-
11,599
-
56,934
80,000
68,532
80,000
Unrestricted funds		 Restricted
2022
£
164,001
22,046
-
-
186,047
116,995
116,995
69,052
-
69,052
142,581
211,633		 Total
2022
£
301,635
22,046
380
1,195
325,256
244,606
244,606
80,650
-
80,650
279,515
360,165		 General
Designated
2021
2021
£
£
137,102
-
-
-
744
-
1,065
-
138,912
-
118,733
-
118,733
-
20,179
-
(20,040)
13,000
139
13,000
56,795
67,000
56,934
80,000
Unrestricted funds		 Restricted
2021
£
180,987
-
-
-
180,987
128,530
128,530
52,457
7,040
59,497
83,084
142,581		 Total
2021
£
318,090
-
744
1,065
319,900
247,264
247,264
72,636
-
72,636
206,879
279,515

Page 19