COMPANY REGISTRATION NUMBER: 05669442 CHARITY REGISTRATION NUMBER: 1115088 Teesside Vineyard Church Company Limited by Guarantee Unaudited Financial Statements 31 August 2024 TREMAINE Chartered accountants 19 Tremaine Close Hartlepool TS27 3LE
Teesside Vineyard Church Company Limited by Guarantee Financial Statements Year ended 31 August 2024 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements
Teesside Vineyard Church Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 August 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024. Reference and administrative details Registered charity name Teesside Vineyard Church Charity registration number 1115088 Company registration number 05669442 Principal office and registered St Luke's office St Luke's Avenue Stockton on Tees TS17 7HB The trustees J Christi L Willson R Aggett M Murray G Jameson K Brentnall D Dewar F Bayega A Tulugha (Appointed 31 March 2024) (Appointed 31 March 2024) Company secretary L Willson Independent examiner Julie Todd Tremaine 19 Tremaine Close Hartlepool TS27 3LE
Teesside Vineyard Church Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2024 Structure, governance and management Organisational Structure As part of a broad consultation and strategy setting process. it was agreed that incorporation was a key part of the development of the church. In tandem with this, a board of trustees ( Business team") was formed in 2006. The business team has key responsibilities for financial. business, risk management and governance of the church's activities. Alongside this team, a broader church Leadership team exists to develop the spiritual, pastoral and social aspects of church life. To ensure a consistent and integrated approach, members have a seat on both teams. Governing Document Teesside Vineyard Church formerly known as Yarm Vineyard Church was established in January 2003, and was formally registered as a charitable company limited by guarantee, incorporated on 9th January 2006 and registered as a charity on 5th July 2006. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1. Objectives and activities The Vine {Teesside) is a registered charitable company limited by guarantee. The charity operates as a church community offering religious activities and other socially beneficial community activities to the people of Teesside and the surrounding areas. Teesside Vineyard Church (fomierty The Vine Church) is part of the Vineyard Neork, and our aim is to BUILD OUR CHURCH with people from all walks of life through discipleship and by doing life together, to REACH OUR COMMUNITY with the good news of Jesus, and to IMPACT OUR WORLD by training and equipping people to radically transform others across Thornaby, Teesside and beyond. Public Benefit We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the Trustee Board consider how planned activities will contribute to the aims and objectives they have set. The Trustee Board reached the conclusion that the Charity's aims and objectives did fall within the appropriate charitable purpose. Strategic report The following sections for achievements and performance and financial review form the strategic report of the charity.
Teesside Vineyard Church Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2024 Achievements and performance Our Story Teesside Vineyard is part of the Vineyard Movement: a group of churches committed to loving others with all we've got and living out all that Jesus called us to do. Pastored by Ross & Miriam Aggett. Teesside Vineyard Church is based in Thomaby and gathers from all across the Tees Valley. Our hope" to provide spaces for people to encounter Jesus, be transformed forever and to impact the world. Have a read of our story so far... In the autumn of 2002, Jon & Sandra Bums gathered a group of people to meet in Yarm with the aim of starting a new church in the area - 'a church for people who don't like church, and Yarm Vineyard Church was born. In late 2009. Yarm Vineyard Church moved out of its home at Yarm School due to building works. With church members living all across The Tees Valley area, we decided the time was right for a name change to reflect the direction we were moving. Yarm Vineyard Church was then renamed 'The Vine Teesside., In September 2011 Jon & Sandra handed the church over to Mike & Kookie Taylor. Mike and Kookie have served churches in the United States since 1982. Their passion and love for the Tees Valley began in 2005 when Mike came and served on a short temi mission trip. Mike led multiple mission teams that came and served in Teesside over the next six years and then moved his family across the pond in 2011. Their love for the area and the people of The Vine Church led them to accept the call to come and invest their lives here. In August 2016. The Vine Church moved into St Lukes. Thornaby and in order to reflect our belonging to the Vineyard movement we have decided that another name change was necessary. From June 2017 we will be known as Teesside Vineyard and ourjourney continues as we BUILD OUR CHURCH, REACH OUR COMMUNITY, IMPACT OUR WORLD and live out expectantly for God to use us across the Tees Valley and beyond.
Teesside Vineyard Church Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 August 2024 Financial review The finances of the church remain healthy with a core group of regular donations complemented by individual contributions donated during regular church seNices. The Statement of Financial Activities for the year is set out on page 6 of the Financial Statements. Details of movements in fixed assets are set out in Note 14 to the accounts. The unrestricted funds of the charity at 31 st August 2024 amounted to £7,568 of which free reserves (that is those not tied up in fixed assets) amount to £5,899. Reserves Policy and Risk Management The trustees have examined the requirements for free resees. Whilst the current level of reseNes may prove sufficient, it is the trustees, view that it is prudent to ensure that there are sufficient free reseNes at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover support costs, management and administration. The trustees have conducted a review of the major risks to which the charity is exposed. Any major financial risks during the year have been brought to the attention of the Trustee Board and a Risk Management Strategy is in place. The trustees, annual report and the strategic report were approved on 30 January 2025 and signed on behalf of the board of trustees by.. J Christi Trustee
Teesside Vineyard Church Company Limited by Guarantee Independent Examiner's Report to the Trustees of Teesside Vineyard Church Year ended 31 August 2024 report to the trustees on my examination of the financial statements of Teesside Vineyard Church ('the charity,) for the year ended 31 August 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law} you are responsible for the preparation of the financial statements 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 the 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)Ib) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe- accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records.. or the financial statements do not comply the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination., or the financial statements 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. Julie Todd Tremaine Independent Examiner 19 Tremaine Close Hartlepool TS27 3LE 31 January 2025
Teesside Vineyard Church Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 August 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and endowments Donations and legacies Charitable activities Investment income 92,681 534 431 51,790 144,471 534 431 130,082 1,280 268 Total income 93,646 51,790 145,436 131,630 Expenditure Expenditure on charitable activities Totsl expenditure 115,867 57,652 173,519 138,058 115.867 57,652 173,519 138,058 Net expenditure and net movement in funds (22,221) (5,862) (28,083) (6,428) Reconciliation of funds Total funds brought forward Totsl funds carried fonNard 29,789 28,421 58,210 64,638 7.568 22,559 30,127 58,210 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note5 on pages 8 to 17 form part of these financial statements.
Teesside Vineyard Church Company Limited by Guarantee Statsment of Financial Position 31 August 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 1,669 2,292 Current assets Cash at bank and in hand 34,054 57,702 Creditors: amounts falling due within one year Net current assets 15 5,596 1,784 28,458 55,918 Totsl assets less current liabilities 30,127 58,210 Funds of the charity Restricted funds Unrestricted funds 22,559 7,568 28,421 29,789 Total charity funds 17 30,127 58,210 For the year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities= The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 30 January 2025, and are signed on behalf of the board by.. J Christi Trustee K Brentnall Trustee The note5 on pages 8 to 17 form part of these financial statements.
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 August 2024 General infomiation The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is St Luke's. St Luke's Avenue. Stockton on Tees. TS17 7HB. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charib-es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concem There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discrets-on of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eamiarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes- restricted income funds or endowment funds.
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 Accounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income= income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activib-es. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contn'bute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 Accounting policies (continued) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows-. Short leasehold property Equipment Over life time of the asset 25 /0 Straight line Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Limited by guarantee The Vine (Teesside) is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exedIng £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. Donations and legacies Unrestrtcted Funds Restricted Total Funds Funds 2024 Donations Donations HMRC Gift 62,879 14,042 62,879 14,042 Grants Stockton Borough Council Tees Valley Community Foundation Catalyst Stewardship The National Lottery Community Fund Postcode Lottery TP & CC Cleveland Co Durham Community Fund Community Foundation Save The Children Fund 1.500 1,500 11,336 1,000 7,200 19,496 15,966 2,860 2,000 4,992 1,200 11,336 1.000 7.200 19,496 15,966 2.860 2.000 4,992 1.200 92,681 51,790 144,471 10
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 Donations and legacies (continued) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations HMRC Gift Aid CAF Charitsble Giving 54.773 21.850 3,800 1.000 54,773 21,850 3,800 1,000 Grants Stockton Borough Council Stewardship The National Lottery Community Fund Co Durham Community Fund Allen Lane Foundation Community Foundation Rothley Trust 1,750 10,200 1,750 10,200 9,965 12,000 4,000 9,844 900 9,965 12,000 4,000 9,844 900 94,273 35,809 130,082 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Hall Hire other Income 60 474 60 474 1,260 20 1,260 20 534 534 1,280 1,280 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest received 431 431 268 268 11
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 The Vine Church National Lottery Community Fund Co Durham Community Fund - Community Support Worker Allen Lane Foundation - Community Support Worker Community Foundation - Youth Worker Postcode Lottery- Administratorlcommunity Support Worker Tees Valley Community Foundation - Younger Years Worker 115.867 115,867 19,713 19,713 6,747 1,865 9,844 6,747 1,865 9,844 9,092 9,092 10,391 10,391 173,519 115,867 57,652 Unrestricted Funds Restricted Total Funds Funds 2023 The Vine Church National Lottery Community Fund Co Durham Community Fund - Café Energy Bills Co Durham Community Fund - Community Support Worker Allen Lane Foundation - Communty Support Worker 124,006 124,006 6,664 2,000 6,664 2,000 3,253 2,135 3,253 2,135 124,006 14,052 138,058 12
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 Expenditure on charitable activities by activity type Activities undertaken Total funds directly 2024 Total fund 2023 The Vine Church National Lottery Community Fund Co Durham Community Fund - Café Energy Bills Co Durham Community Fund - Community Support Worker Allen Lane Foundation - Community Support Worker Community Foundation - Youth Worker Postcode Lottery- Administratorlcommunity Support Worker Tees Valley Community Foundation - Younger Years Worker 115.867 19,713 115,867 19,713 124,006 6,664 2,000 6.747 1.865 6,747 1,865 9,844 3,253 2,135 9.092 9,092 10.391 10,391 173,519 173,519 138,058 10. Net expenditure Net expenditure is stated after chargingl{crediting)- 2024 2023 Depreciation of tangible fixed assets 623 1,060 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 400 400 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 106,421 1,409 1,667 73,980 983 1,530 109,497 76,493 The average head count of employees during the year was 8 (2023" 4). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Charitable activities 13
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 12. Staff costs (continued) No employee received employee benefits of more than £60.000 during the year (2023" Nill. 13. Trustee remuneration and expenses One trustee was in receipt of remunerab'on from employment with the charity". 2024 29,084 685 2023 21,574 460 Remuneration Employers Pension contribution 14. Tangible fixed assets Short leasehold propety Equipment Total Cost At 1 September 2023 and 31 August 2024 Depreciation At 1 September 2023 Charge for the year At 31 August 2024 Carrying amount At 31 August 2024 At 31 August 2023 98,932 16,722 115,654 98,932 14,430 623 113,362 623 98.932 15,053 113,985 1,669 1,669 2,292 2,292 15. Creditors: amounts falling due within one year 2024 2023 Social security and other taxes Other creditors 1,866 3,730 1,057 727 5,596 1,784 16. Pensions and other post retirement benefrts Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,667 (2023.. £1,530). 14
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 17. Analysis of charitable funds Unrestricted funds At 1 September 2023 At 31 August 2024 Income Expenditure General funds 29.789 93.646 (115.867) 7,568 At 1 September 2022 At 31 August 2023 Income Expenditure General funds 57,974 95,821 (124,006) 29,789 15
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 17. Analysis of charitable funds (continuedj Restricted funds At 1 September 2023 At 31 August 2024 Income Expenditure National Lottery Community Fund Co Durham Community Fund - Community Support Worker Allen Lane Foundation - Communty Support Worker Community Foundation - Youth Worker Postcode Lottery- Community Support Worker Tees Valley Community Foundation - Younger Years Worker 9.965 19.496 (19,713) 9,748 6.747 (6,747) 1.865 (1,865) {9,844) 4,992 4,992 15,966 (9,092) 6,874 11,336 (10,391) (57,652) 945 28,421 51,790 22,559 At 1 September 2022 At 31 August 2023 Income Expenditure National Lottery Community Fund Co Durham Community Fund - Cafe Energy Bills Co Durham Community Fund - Community Support Worker Allen Lane Foundation - Communty Support Worker Community Foundation - Youth Worker 6,664 9,965 (6,664) 9,965 2,000 (2,000) 10,000 (3,253) 6,747 4,000 9,844 (2.135) 1,865 9,844 6,664 35,809 (14,052) 28,421 16
Teesside Vineyard Church Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 August 2024 18. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1.669 11,495 (5,5961 7,568 1,669 34,054 15,5961 30,127 22,559 22,559 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,292 29,281 {1,784) 29,789 2,292 57,702 (1,784) 58,210 28,421 28,421 17