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← Wokingham Vineyard Christian Fellowship

2024-03-31-accounts

Wokingham Vineyard Christian Fellowship

Report and Accounts Year ended 31 March 2024

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024

Trustees Sonia Gulian (appointed 9th February 2024) Nino Moscardini Debbie Moscardini Nicholas Pashley Katharine Sparks Christopher Taylor (Resigned 31st December 2023) Company Secretary Christopher Taylor (Resigned 31st December 2023) Governing Document Memorandum and Articles of Association dated 26 October 2004 Company Registration Number 5269829 Charity Registration Number 1106781 Other Names Used By the Charity Vineyard 25 Church 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 Lloyds Bank Plc 25 Gresham Street London EC2V 7HN

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 2024

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:

Vineyard 25 is the working name for Wokingham Vineyard Church, which was planted in 1999 from Riverside Vineyard. Vineyard 25 is affiliated to the Association of Vineyard Churches UK & Ireland; it is led by Senior Pastors Nino and Debbie Moscardini. Since 2005 we have been meeting on Sunday at Edgbarrow School in Crowthorne, each Sunday the Sixth Form building is transformed into the church we know and love.

We see Sunday mornings as the tip of the iceberg in our church community and encourage smaller groups of like-minded people to gather throughout the week. Small Groups provide an opportunity to meet new people, get to know one another better or connect with God during the week. We run various groups including home groups, going deeper groups and interest groups. The men’s ministry provides another avenue for people to build supporting relationships, their events have included a quiz night, foot golf, mini golf and various walks.

We hosted worship evenings at the Vineyard Centre which were an opportunity to worship God with passion, intimacy, and expectation. We held two baptism services this year where we witnessed God’s Kingdom being furthered as people make a public declaration of their faith. Our church family enjoyed a big celebration with a braai and a visit from the ice cream van.

Page 2

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

The trustees made charitable grants to Vineyard Churches UK & Ireland. VCUKI exists to participate in the advancement of the Kingdom of God through the work of local Vineyard churches. One grant was given to them specifically to support Dreaming the Impossible, a summer festival for young people run by VCUKI.

Our youth work is led by Daniel and is for young people in school years 7–11; Our aim is to support young people as they build relationships with God and other Christians, equipping and encouraging them to live for Jesus outside the church. We have an amazing team of youth leaders working with our young people. The young people have enjoyed spending time together, on Friday evenings at Youth Hang, on Sunday mornings and on outings. Daniel and the team took some of our young people to Dreaming the Impossible in the summer. It was fantastic to see them to grow in their walk with Jesus and to solidify the relationships they have with each other.

Our kid’s work is led by Imogen and is for children up to the age of 11. This year we’ve run several invitational kid’s events on Sunday morning – including a drum workshop, a light party, and not forgetting Christmas and Easter events. The children love these events and are always keen to invite their friends along. As well as having lots of fun together, we’ve been thrilled to see the children ‘doing the stuff’, sharing their prayer requests and praying for each other with increased confidence. In the past year, we’ve expanded our children’s groups – creating a dedicated pre-school group. The service is live streamed into our stay and play creche for families with under 2’s.

Compassion has been and will continue to be a major focus of Vineyard 25. We support our local community and those in need, by showing God’s love through all we do. This year, we launched the Olive Branch which is the umbrella under which all our local compassion ministries now sit under. Olive Branch aims to build local connections and find ways of addressing the causes of poverty within our local communities. Olive Branch provides a range of support to those in need, from food and essentials to parenting courses, financial management and more.

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. We ran one Kids Matter courses and one Babies Matter courses during the year.

Growbaby Café continued to run during term time. Growbaby Café is for parents and carers with preschool aged children. The stay and play sessions provide an opportunity for children to play and interact with other children, whilst also being a welcoming environment for the parents to connect and encourage each other. Our team can also provide referrals to other local charities and signpost to other support.

Crowthorne Foodbank was formed in December 2012 and continues to provide a vital community service. The local community continues to support us generously through the provision of volunteers, fundraising and through the donation of food and other essential items. This support has ensured the continued provision of emergency food to those in need. Furthermore, Wellington College provides us with a home for our storage and packing facilities.

Page 3

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

We purchased a foodbank vehicle which has provided much needed operational support, in particular the movement of food from donation points to storage facilities and collection points. We launched two new foodbank collection points in January, one in Sandhurst and one in Owlsmoor. We also opened a community café at each of these locations – creating a welcoming environment where people can meet others and be signposted to receive support. Following a three-month trial period, the Sandhurst collection point closed. The new vehicle has supported the mobilization of the foodbank to these locations.

Crowthorne Foodbank fed 1,459 people this year (2023: 1,587) through the provision of emergency food parcels. We were able to offer winter provision again, including blankets and hot water bottles to clients. We provided Christmas dinner packs this year after such a positive response from clients when we launched them last year. The packs contained frozen turkey and fresh vegetables which clients could preorder.

Emergency Compassion Assistance enables those within the Vineyard 25 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.

Zoe Zambia aims to improve the lives of children and poverty-stricken farmers in the villages of Eastern Zambia. Zoe achieves this by supporting orphaned children, improving access to clean water, and enhancing the provision of education. Visits were carried out by our UK based Zoe Zambia representatives in May and November 2023 as part of the ongoing monitoring and governance of funds sent to Zambia. Zoe continues to support around 50 orphaned children in Zambia, most of who live with extended family. A small number of children that are supported have completed basic school and are now continuing into higher education. Funds were used this year to replace the vehicle which is used by the incountry representative which provides vital access to remote areas when visiting families and schools on an ongoing basis.

Volunteers

We encourage people to volunteer their time by serving through these activities. Most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their generosity and dedication. We are incredibly grateful for their continued commitment and support.

Administration

Vineyard 25 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.

Page 4

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

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 dayto-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.

Financial review

General funds

General income increased this year to £187,400 (2023: £156,500). Income is generated primarily from the receipt of voluntary donations from those who are part of the church. General expenditure, also increased to £172,800 (2023: £138,400), this gave rise to a surplus of £14,600 (2023: £18,100). Expenditure increased primarily due to an increase of staff costs expended from general funds. Unrestricted net assets include cash and investments of £171,800, of which £80,000 is set aside to meet the future cost of employing a full-time pastor.

Restricted funds

Restricted income decreased to £144,300 (2023: £184,300) and restricted expenditure decreased to £168,300 (2023: £196,700), which gave rise to a deficit of £24,000 (2023: £12,500). Restricted net assets include cash of £144,600. Looking at the charity's principal restricted funds in greater detail:

Zoe Zambia

Income increased to £68,300 (2023: £62,000) and expenditure increased to £87,200 (2023: £85,300).

Foodbank

Income decreased to £71,300 (2023: £121,100). The decrease in income can be attributed to, a reduction in grants, voluntary monetary donations, and donations in kind. Expenditure decreased to £78,100 (2023: £98,700) primarily due to a reduction in donated goods expended.

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 £86,000, 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 £101,300, which is higher 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 2024

Plans for the future

Crowthorne is situated on the boarder of three different counties, which means we support and serve people from across a wide area, in all directions. Having launched the Owlsmoor foodbank collection point, we’re seeking to understand the needs of that community further. We may be able to run parenting courses or Growbaby Café at the same venue, which is in the heart of the community.

We also have plans to launch a new Sunday service site in Sandhurst Secondary School, Owlsmoor. This will enable us to continue extending God’s Kingdom together, everywhere, in every way. We hope that this site will grow to become a viable worshipping community. The Sandhurst Site Pastors and their team will be sent out from the Crowthorne site. This will provide the opportunity for the Sandhurst Site team and those at Crowthorne to step into new roles. We’re really excited about what God will do. Community is an important part of Vineyard 25 so we will have whole church events happening throughout the year, including a baptism service and a women’s ministry event. We plan to have more invitational kids’ events running at both sites including a Lego week and a summer party.

Zoe Zambia will continue supporting orphaned children. The role of Zoe in enabling orphaned children to access primary education and provide continued support through secondary education means that Zoe is committed to supporting families in the long term.

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

  1. 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.

Page 6

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2024

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:

Nino Moscardini

…..................................... Nino Moscardini (Oct 16, 2024 14:47 GMT+1) Nino Moscardini

….....................................

Date: Oct 16, 2024

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 2024 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 (Oct 21, 2024 10:52 GMT+1)

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

Date: Oct 21, 2024

Page 8

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

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
14
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
181,013
669
5,284
450
187,415
172,786
172,786
14,630
-
166,644
181,273		 Restricted
Funds
£
144,179
186
-
-
144,365
168,315
168,315
(23,950)
-
199,148
175,198		 Total
Funds
2024
£
325,192
855
5,284
450
331,781
341,101
341,101
(9,320)
-
365,792
356,472		 Total
Funds
2023
£
336,093
1,882
1,347
1,463
340,786
335,160
335,160
5,627
-
360,165
365,792

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 11-18 form part of these accounts.

Page 9

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

BALANCE SHEET

AS AT 31 MARCH 2024

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stock
8
Debtors
9
Investments
11
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
12
Net current assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
-
-
-
13,893
50,000
121,813
185,706
(4,432)
181,273
181,273
101,273
80,000
181,273
-
181,273		 Restricted
Funds
£
19,317
19,317
10,803
555
-
144,638
155,996
(115)
155,881
175,198
-
-
-
175,198
175,198		 Total
Funds
2024
£
19,317
19,317
10,803
14,448
50,000
266,451
341,702
(4,548)
337,154
356,472
101,273
80,000
181,273
175,198
356,472		 Total
Funds
2023
£
1,079
1,079
11,131
19,046
-
338,998
369,175
(4,462)
364,713
365,792
86,644
80,000
166,644
199,148
365,792

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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:

Nino Moscardini Nino Moscardini (Oct 16, 2024 14:47 GMT+1) …..................................... Nino Moscardini

….....................................

Oct 16, 2024

Date: …..............................

The notes on page 11-18 form part of these accounts.

Company number: 5269829

Charity number: 1106781

Page 10

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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

b) Income

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 activities and 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.

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 2024

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 Motor vehicles 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.

Current asset investments comprise bank deposits and other cash investments that mature after three months. Current asset investments are recognised at fair value, which is generally their market value at the balance sheet date.

h) 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.

i) 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.

k) 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.

Page 12

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

3 Donations

3
Donations
Donations of cash and similar
Donations in kind (note 3a)
Grants
Gift aid recoverable
a
Donations in kind comprise:
Goods donated for distribution to foodbank beneficiaries
Donated facilities		 Unrestricted
Funds
£
146,989
-
-
34,024
181,013
Unrestricted
Funds
£
-
-
-		 Restricted
Funds
£
87,518
46,368
-
10,293
144,179
Restricted
Funds
£
43,903
2,465
46,368		 2024
£
234,507
46,368
-
44,317
325,192
2024
£
43,903
2,465
46,368		 2023
£
209,953
66,840
26,000
33,300
336,093
2023
£
64,376
2,465
66,840

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

4
Income from other trading activities
Activities and events
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
£
669
669
Unrestricted
Funds
£
6,474
729
3,096
2,427
1,713
-
6,525
-
-
1,665
(212)
5,255
26,260
2,338
71,370
1,716
-
2,311
15,048
18,064
-
406
165,185		 Restricted
Funds
£
186
186
Restricted
Funds
£
839
-
-
-
-
2,465
2,091
44,231
8,322
-
1,371
-
4,400
2,030
9,333
179
72
301
363
74,272
13,705
1,545
165,519		 2024
£
855
855
2024
£
7,312
729
3,096
2,427
1,713
2,465
8,616
44,231
8,322
1,665
1,159
5,255
30,660
4,368
80,703
1,895
72
2,613
15,411
92,336
13,705
1,951
330,704		 2023
£
1,882
1,882
2023
£
5,602
851
2,139
1,732
5,518
2,465
3,585
74,916
5,045
1,521
-
4,542
30,660
2,219
64,273
1,348
-
2,941
13,824
91,083
11,485
1,018
326,767

Page 13

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

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
£
1,800
77
1,475
1,650
-
2,599
7,600
172,786		 Restricted
Funds
£
-
-
-
35
2,761
-
2,796
168,315		 2024
£
1,800
77
1,475
1,685
2,761
2,599
10,397
341,101		 2023
£
1,710
91
967
1,867
761
2,995
8,392
335,160

The fee payable to the independent examiner for examining the accounts was £1,800 (2023: £1,800).

c Grants payable

Grants for UK and overseas mission:
Vineyard Churches UK & Ireland
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
£
17,664
-
-
poverty:
-
22,352
5,916
32,134
12,586
90,652		 Individuals
£
-
-
1,684
-
-
-
-
-
1,684		 2024
£
17,664
-
1,684
-
22,352
5,916
32,134
12,586
92,336		 2023
£
9,546
6,900
980
24,919
16,600
10,475
9,253
12,410
91,083

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		 2024
£
79,728
976
80,703		 2023
£
63,410
864
64,273

The average monthly number of employees during the year was 7 (2023: 5), equivalent to 2.7 (2023: 2.2) 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
Mr Nino Moscardini		 2024
£
19,488
13,410
32,898		 2023
£
18,075
7,000
25,075

Mr & Mrs Moscardini serves as religious pastors 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 2024

7 Tangible fixed assets

Cost
At 1 April 2023
Additions
Disposals
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
Eliminated on disposal
At 31 March 2024
Net book value
At 31 March 2024
At 1 April 2023
8
Stock
Donated goods
For distribution to beneficiaries
9
Debtors
Falling due within one year:
Gift aid 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
Investments
Cash equivalents on deposit
12
Creditors: liabilities falling due within one year
Independent Examiner's fee
Other creditors
Other accruals		 Motor
vehicles
£
-
21,000
-
21,000
-
2,000
-
2,000
19,000
-		 Fixtures,
fittings and
equipment
£
11,126
-
-
11,126
10,047
761
-
10,808
317
1,079
2024
£
10,803
10,803
2024
£
1,435
50
12,963
14,448
2024
£
166,216
100,000
235
266,451
2024
£
50,000
50,000
2024
£
1,800
950
1,797
4,548		 Total
2024
£
11,126
21,000
-
32,126
10,047
2,761
-
12,808
19,317
1,079
2023
£
11,131
11,131
2023
£
3,514
57
15,475
19,046
2023
£
263,533
75,411
55
338,998
2023
£
-
-
2023
£
1,800
844
1,817
4,462

Page 15

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

13 Pension commitments

During the year employer’s pension contributions totalling £976 (2023: £864) were payable to defined contribution personal pension schemes. No pension contributions were owing at the balance sheet date (2023: £nil).

14 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
Zoe Zambia fund
Refurbishment fund
Compassion fund
Olive branch fund
Aggregate of funds		 Opening
balance
2024
£
80,000
86,644
166,644
80,350
108,839
1,519
8,440
-
199,148
365,792		 Incoming
resources
2024
£
-
187,415
187,415
71,292
68,346
-
-
4,727
144,365
331,781		 Outgoing
resources
2024
£
-
(172,786)
(172,786)
(78,114)
(87,206)
(866)
(1,792)
(337)
(168,315)
(341,101)		 Transfers
in the year
2024
£
-

-
-
-

-
-
-
-
-
-
 Closing
balance
2024
£
80,000
101,273
181,273
73,528
89,979
652
6,648
4,391
175,198
356,472

Analysis of net assets by fund

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

Unrestricted Funds Unrestricted Funds
General Designated Restricted
funds funds funds 2024
£ £ £ £
Tangible fixed assets - - 19,317 19,317
Stock - - 10,803 10,803
Debtors 13,893 - 555 14,448
Investments held as current assets 50,000 - - 50,000
Cash at bank and in hand 41,813 80,000 144,638 266,451
Creditors falling due within one year (4,432) - (115) (4,548)
101,273 80,000 175,198 356,472

Page 16

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

14 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
Kids Matter & Babies Matter fund
Aggregate of funds		 Opening
balance
2023
£
80,000
68,532
148,532
57,951
147
132,133
1,519
9,612
10,271
211,633
360,165		 Incoming
resources
2023
£
-
156,523
156,523
121,119
-
61,956
-
188
1,000
184,263
340,786		 Outgoing
resources
2023
£
-
(138,412)
(138,412)
(98,720)
(147)
(85,250)
-
(1,360)
(11,271)
(196,748)
(335,160)		 Transfers
in the year
2023
£
-
-
-
-
-
-
-
-
-		 Closing
balance
2023
£
80,000
86,644
166,644
80,350
-
108,839
1,519
8,440
-
199,148
365,792

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
£
£
-
-
-
-
13,408
-
77,423
80,000
(4,187)
-
86,644
80,000
Unrestricted Funds		 Restricted
funds
£
1,079
11,131
5,638
181,575
(275)
199,148		 2023
£
1,079
11,131
19,046
338,998
(4,462)
General
funds
£
-
-
13,408
77,423
(4,187)
86,644
365,792

Designated funds

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

Restricted funds

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. Olive Branch Fund: this was created from donations of cash to support Olive Branch activities.

Page 17

WOKINGHAM VINEYARD CHRISTIAN FELLOWSHIP

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

15 Operating lease commitments

The charity has an operating lease for its property in Wellington Business Park. The minimum amount payable in respect of this lease is as follows:

lease is as follows:
Within one year
Between one and five years
After five years
Payments falling due:		 2024
£
30,660
26,487
-
57,147		 2023
£
27,038
-
-
27,038

During the year the charity was charged £30,660 (2023: £30,660) for its operating lease.

16 Transactions with related parties

During the year the charity:

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

17 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 2024

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
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
Designated
2024
2024
£
£
181,013
-

669
-
5,284
-
450
-
187,415
-
172,786
-
172,786
-
14,630
-
-
-

14,630
-
86,644
80,000
101,273
80,000
Unrestricted funds		 Restricted
2024
£
144,179
186
-

-
144,365
168,315
168,315
(23,950)
-
(23,950)
199,148
175,198		 Total
2024
£
325,192
855
5,284
450
331,781
341,101
341,101
(9,320)
-
(9,320)
365,792
356,472		 General
Designated
2023
2023
£
£
153,887
-
826
-

1,347
-
463
-
156,523
-
138,412
-
138,412
-
18,111
-
-

-
18,111
-

68,532
80,000
86,644
80,000
Unrestricted funds		 Restricted
2023
£
182,206
1,057
-

1,000
184,263
196,748
196,748
(12,485)
-
(12,485)
211,633
199,148		 Total
2023
£
336,093
1,882
1,347
1,463
340,786
335,160
335,160
5,627
-
5,627
360,165
365,792

Page 19