TRUEVINE CENTER
(formerly, DeVine Sanctuary) (REDEEMED CHRISTIAN CHURCH OF GOD)
Address: Thornton Heath Leisure Centre, 100 High Street Thornton Heath, Croydon. CR7 8LF
Registered Charity number: 1122861
Company Registration number: 10982200
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER, 2021
TRUEVINE CENTER
(formerly, DeVine Sanctuary) (REDEEMED CHRISTIAN CHURCH OF GOD)
Trustees Annual Report for the year ended 30 September 2021
Names of the trustees who managed the charity for the period of 01 October 2020 to 30 September 2021:
Mrs Efe Ototahor
Mrs Mary McCauley
Dr David Abiodun Richard
Structure, governance and management
The church is governed by a trust deed and managed by a committee consisting of 3 trustees. The trustees are responsible for making decisions on all matters of general concern and importance to the church including deciding on how the funds of True Vine Center are to be spent.
The church seeks to recruit trustees from among its members and other Christians with relevant skills and experience, who are willing to help and assist the church to carry out its activities more effectively.
Change of Worship Venue
During this accounting period, the church changed its worshiping venue and registered office address from Bridge House, Rear of 2A, Bensham Manor Road to Harris Invictus Accademy, Croydon and Thornton Heath Leisure Ce n t e r r e s p e c t iv e l y
Objectives and activities
True Vine Center main objective is advancement of the Christian religion.
The church will continually preach the Gospel of Jesus Christ in the United Kingdom
The church will continue to relieve financial hardship by the provision of funds, goods or services t o t h e less privileged and those in need. Also the church provides counseling and support to members of the church and the community.
The trustees maintain an overview of worship and make suggestions on how the church services can involve every other group in the church.
The church is committed to enabling as many people as possible to worship at our church regardless of their age, race, ethnicity, sex or creed.
We provide church services, meetings, seminars, events such as Marriage seminars, Youth conferences, Marriage counseling in group meetings and on a one- t o - o n e basis. The church provides Pastoral Counseling to members of the public, both Christians and non- Christians. This is achieved through one- t o - o n e counseling; and phone counseling is provided whenever is required and we provide counseling in the homes, hospitals and in the prison as well.
We provide advice on immigration issues, unemployment, and make referrals to agencies such as social services and local authorities on issues relating to community and neighborhood. We offer monetary and counseling support to members and nonmembers who are unemployed, disabled children/elderly, widows, single parents, and to anyone going through any sort of financial hardship.
We join and affiliate with other churches with similar beliefs and other organisations that are established for the peace, unity, w e l l - b e i n g a n d e m p o w e r m e n t of fellow believers and citizens of UK, including tackling and minimizing crime within our community, especially amongst the youths.
Achievements and performance
Worship & Prayer
True Vine Center throughout the year has offered and still keen to promote a range of services for the benefit of members and the general public. Many people have testified of it being beneficial and spiritually fulfilling.
Everyone is welcome to attend our regular services. We communicate to members, non members, visitors and service users through the use of text messages to their mobile phones, empowering them with the words of encouragement and hope, and invitation to upcoming events and programs.
Media
We have a website www.truevinecentre.org.uk where one can listen, watch our activities and know about our past and upcoming events that are beneficial to the public. We have taken so many telephone calls and had attendances from members of the public who have been blessed by some the events and activities of the church.
Prayer and pastoral requests are also sent to the church office where the pastor and designated ministers in the church deal with them instantly. We take messages from our email where people have requested for special prayers and counselling concerning their marriages, parenting, youth affairs, children and employment.
Funding
The church relies on donations from members and funders to sustain and manage the financial needs of the church including rent payments, utility bills and provision of services to members and nonmembers.
Financial review
Total receipts on unrestricted funds were £104,699.67 . There was one designated fund of £5,900.00 ( Childhood Trust Fund) during the financial period.
During the period, £728.80 was paid as rent and rates for the church venue and an amount of £5,900.00 was spent on the church’s vision, which involved venue hire for youths’ services, parenting programs and Long Covid support. There were low in-person activities in this period due to the Pandemic situations, hence, services and programs were mostly virtual.
The net result for the year was an excess of Receipts/Donations of £33,722.63
The amount of £26,597.45 was the balance brought forward from last financial year 2020.
TRUEVINE CENTER
(formerly, DeVine Sanctuary) (REDEEMED CHRISTIAN CHURCH OF GOD)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Receipts and Payments | 2021 |
2021 | 2021 | 2020 |
|---|---|---|---|---|
| £ | £ |
£ | £ | |
| Unrestricted | Restricted | Total | Last | |
| Fund | Fund | Year | ||
| Receipts | ||||
| Receipts from Donations | 101,092.00 | - |
101,092.00 | 85,641.00 |
| Reversal of Charges | 8.00 | - | 8.00 | 0.00 |
| HMRC Grant | 3,600.00 | - | 3,600.00 | 0.00 |
| CFC (Childhood Trust) | 0.00 | 5,900.00 | 5,900.00 | 0.00 |
| Other Reversal &Unpaid | 0.00 | - |
0.00 | 36.00 |
| Members Welfare/Training Exp 0.00 | - | 0.00 | 100.00 | |
| Gift Aid Reclaim Received | 0.00 | - |
00.00 | 4,604.00 |
| Sub Total | 104,700.00 | 5,900.00 | 110,600.00 | 90,381.00 |
| Total Receipts | 104,700.00 | 5,900.00 | 110,600.00 | 90,381.00 |
| Payments | ||||
| Other Payments (Note 6) | 65,713.00 |
5,900.00 | 71,613.00 | 67,548.00 |
| Reversal & Unpaid | 00.00 | - |
00.00 | 50.00 |
| Sub Total |
65,713.00 |
5,900.00 | 71,613.00 | 67,598.00 |
| Assets Purchases | ||||
| Furniture & Equipments | 5,264.00 | - |
5,264.00 | 1,145.00 |
| Sub Total(Note 5) | 5,264.00 | - |
5,264.00 | 1,145.00 |
| Payments |
76,877.00 | - |
76,877.00 | 68,743.00 |
| Total Payments(Note 6) | 76,877.00 | - |
76,877.00 | 68,743.00 |
| Net Receipts | 33,723.00 | - |
33,723.00 | 21,638.00 |
| Reconciliation of funds | ||||
| Cash fund 31/12/2019 | 4,959.00 | - |
4,959.00 | 10,544.00 |
| Cash fund 31/12/2020 | 26,597.00 | - | 26,597.00 | 4,959.00 |
| Cash fund 31/12/2021 | 60,320.00 | - | 60,320.00 | 26,597.00 |
TRUEVINE CENTER
(formerly, DeVine Sanctuary) (REDEEMED CHRISTIAN CHURCH OF GOD)
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Statements of Assets and | Statements of Assets and | Liabilities | |||
|---|---|---|---|---|---|
| 2021 |
2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Unrestricted | Restricted | Total | Last | ||
| Fund | Fund | Year | |||
| Fixed Asset | |||||
| Tangible Fixed Assets | 11,956.00 | - |
11,956.00 | 6,737.00 | |
| 11,956.00 | - |
11,956.00 | 6,737.00 | ||
| Cash Fund | |||||
| Bank Current Account | 60,320.00 | - | 60,320.00 | 26,597.00 | |
| 60,320.00 | - |
60,320.00 | 26,597.00 | ||
| Current Liabilities | |||||
| (Debts due within one year) | 0.00 |
- | 0.00 | 0.00 | |
| Assets Retained For Church | |||||
| Use | |||||
| See (Note 5) | 72,276.00 | - |
72,276.00 | 33,334.00 | |
| 72,276.00 | - |
72,276.00 | 33,334.00 | ||
| Long Term Liabilities | |||||
| (Due after one year) (Note 2) | 0.00 |
- | 0.00 | 00.00 | |
| 0.00 |
- | 0.00 | 00.00 | ||
| Net Assets (Liabilities) | |||||
| Net Assets (Liabilities) | 72,276.00 | - |
72,276.00 | 33,334.00 | |
| 72,276.00 | - |
72,276.00 | 33,334.00 | ||
| Charity Asset/Funds | |||||
| Total Asset/Fund | 72,276.00 | - |
72,276.00 | 33,334.00 |
The notes below form part of the Financial Statements.
Approved by the trustees on the 13th of June, 2022 and signed on behalf of trustees by Dr David Richard (trustee)
TRUEVINE CENTER
(formerly, DeVine Sanctuary)
(REDEEMED CHRISTIAN CHURCH OF GOD)
BOARD OF TRUSTEES’ CERTIFICATE OF APPROVAL ON THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER, 2021.
We certify that the accounts are in accordance with the records, information and explanations supplied by us as Board of Trustees and have our approval.
The trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts
For the year ended September, 2020, the organisation was entitled to exemption from audit under section 477 of the Companies Act 2006.
The Charity’s Trustees acknowledge their responsibility for the preparation of the accounts and consider that an audit is not required for this year in accordance with section 476 of Companies Act 2006 and that independent examination is needed under section 43(2) of the Charities Act 1993.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies’ regime.
Signed by order of the Board of Trustees
Dr David Richard
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. Accounting Policies
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) and “Accounting and Reporting by Charities” published in March 2005. Applicable accounting policies adopted in the preparation of the financial statements are as follows:
Incoming Resources
Incoming resources comprise Tithes and Pledges, Offerings, Donations and Income received from members in form contribution and dues.
Tithes and Pledges
Tithes and pledges received are mainly from members and trustees and are accounted for in the period that they are received.
Investment Income
Investment income consists of interest received from savings and deposit accounts at the banks
Resources Expended
Resources expended are included in the statement of Financial Activities on an accrual basis, inclusive of any VAT that cannot be recovered.
Tangible Fixed Assets
Depreciation is provided at the following annual rates on assets in order to write off their cost less any residual value over their estimated useful lives as follows.
The rates of depreciation are as follows: Percentage
Furniture and Musical Equipment 10.00%
Fund Accounting
Funds held by the Charity are as follows:
Unrestricted General Funds: These are funds which can be used in accordance with the charitable objects at the discretion of the Trustees
Restricted General Funds: These are funds which can only be used in accordance with the specific charitable object for which they are set up.
Value Added Tax
Value added tax is not recoverable by the Charity and as such is included the relevant costs in the statement of Financial Activities.
2. Legal Status of the Charity
The Charity is a charitable organisation.
3. Resources Expended on Managing and Administering the Charity
Members Welfare & Training Rent & Building Furniture, Musicals & Equips Insurance & Legal Honorarium Giving Missionary & Vision Management & Administration Bank Charges Total |
2021 2021 2021 £ £ £ Unrestricted Restricted Total Fund Fund Fund 19,135.00 - 19,135.00 729.00 - 729.00 5,264.00 - 5,264.00 149.00 - 149.00 8,484.00 - 8,484.00 5,900.00 - 5,900.00 36,684.00 - 36,684.00 532.00 - 532.00 76,877.00 - 76,877.00 |
2020 £ Last Year 10,654.00 10,598.00 1,145.00 149.00 7,951.00 2,400.00 35,314.00 532.00 68,743.00 |
|---|---|---|
4. Analysis of Resources Expended by Expenditure Type
Rent and Rate Building Repairs, Maintenance Furniture, Equipment & Musical Online Services & Advertising Periodicals & Software Utilities Legal Printing & Stationary Insurance Bank & Finance Charge Statutory Fees Travelling & Events Missionary & Visions Honorarium Volunteer Expense / Allowance Donations (Other Charity) Reversal & Unpaid Cheques Members Welfare & Training Pastor remuneration Management & Administration Depreciation Total |
2021 2021 2021 £ £ £ Unrestricted Restricted Total Fund Fund Fund 729.00 - 729.00 0.00 - 0.00 5,264.00 - 5,264.00 3,000.00 - 3,000.00 112.00 - 112.00 5,130.00 - 5,130.00 0.00 - 0.00 33.00 - 33.00 149.00 - 149.00 532.00 - 532.00 50.00 - 50.00 2,736.00 - 2,736.00 5,900.00 - 5,900.00 8,484.00 - 8,484.00 5,675.00 - 5,675.00 1,018.00 - 1,018.00 0.00 - 0.00 19,135.00 - 19,135.00 18,000.00 - 18,000.00 930.00 - 930.00 1,370.00 -1,370.00 78,247.00 - 78,247.00 |
2020 £ Last Year 10,598.00 910.00 1,145.00 1,555.00 271.00 6,328.00 10.00 767.00 149.00 532.00 0.00 3,924.00 2,400.00 7,951.00 0.00 4,235.00 50.00 10,659.00 16,500.00 759.00 1,225.00 69,968.00 |
|
|---|---|---|---|
5. Fund Statements
Unrestricted Fund Reserve Other Fund Total Fund Fund Summary |
£ Brought Forward 21,638.00 4,959.00 000.00 26,597.00 Brought Forward 26,597.00 |
£ Incoming Fund 110,600.00 00.00 00.00 110,600.00 Incoming Fund 110,600.00 |
£ Fund Expended (76,877.00) 00.00 00.00 (76,877.00) Fund Expended (76,877.00) |
£ Carried Forward 55,361.00 4,959.00 000.00 60,320.00 Carried Forward 60,320.00 |
|---|---|---|---|---|
6. Depreciation
| Charging for the year | |||
|---|---|---|---|
| 30 Sept | 2021 |
30 Sept 2020 | |
| £ | £ | ||
| Depreciation | 1,370.00 | 1225.00 | |
| 7. Tangible Fixed Assets | |||
| Musical | & Office Equipment | ||
| Furniture & Fitttings | |||
| Historical Costs | £ | £ | |
| As at 01/01/21 | 10,695.00 | 9,550.00 | |
| Valuation (Furniture & Fittings) | 3,000.00 | 3,000.00 | |
| Additions | 5,264.00 | 1,145.00 | |
| As at 31/12/21 | 18,959.00 | 13,695.00 | |
| Depreciation | |||
| As at 01/01/21 | 5,633.00 | 4,408.00 | |
| Charge for the year | 1,370.00 | 1,225.00 | |
| Total charge as at 31/12/21 | 7,003.00 | 5,633.00 | |
| Net Book Values | |||
| As at 31/12/21 | 11,956.00 | 6,737.00 | |
| As at 31/12/20 | 6,737.00 | 7,842.00 |
7. Tangible Fixed Assets
TRUEVINE CENTER
(formerly, DeVine Sanctuary) (REDEEMED CHRISTIAN CHURCH OF GOD)
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES/MEMBERS OF TRUEVINE CENTER, RCCG
I report on the accounts for the year ended 30 September, 2021 which are set out on the pages above.
Respective Responsibilities of Trustees and Examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
-
❖ examine the accounts under section 43 of the 1993 Act,
-
❖ to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and
-
❖ to state whether particular matters have come to my attention
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
❖ to keep accounting records in accordance with section 41 of the 1993 Act; and
-
❖ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Ajibola FCCA AFA MIPA MBA (Financial Services) BSc (Applied Accounting) 43, High Street, Thornton Heath, Croydon. CR7 8RW
27 June 2022