REGISTERED COMPANY NUMBER; 06669fA8 CHARITY NUMBER: 1125701 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDING 30 JUNE 2022 FOR CARDIFF VINEYARD (A COMPANY LIMITED BY GUARANTEE) "ACIYH3VN* 22104r2023 COMPANIES HOUSE A14 3110Y2023 COMPANIES HOUSE ROIFF VINEYAIID ANNUAL REPORT AND FINAMCIAL STATEMENTS FOR THE PEKYX) ENDED 30 JUNE 2022 Table of conlents Company Inlorn*lM Report of the T￿￿te¢S Independent Examinerfs rerK)rt 10 Summary of Financial Adivitses 11 Balance Sheet 12 .Cash Flow Stateff￿nt 13-19 'Notes to the FI￿"claI Staternehts CARDIFF VINEYARD AMNUAL REPORT AND FINANCIAL STATEIIJEiifs FOR TrIE PERIOD EKIED 30 JUNE 2022 Statement of Financial Actlvftles for the period ended 30 June 2022 Totsl fvnds Pri funds fvnds vear fvnds Income from: Donations and legacies 475.269 475.269 391.214 Charitable activities 16.649 124.398 141.048 33,208 .Other tradiTrgacti¥itie5 124.1 224.1)68 143.765 Totol 715.986 124.398 840.384 568.187 Expenditure on: 'Raising ￿ndS 6.335 6.335 5.455 Charitable activities 607.398 19.756 627.154 540,C63 Totol 613.732 19.756 633.488 545,518 Net {EMpenditure) I Income 102.254 104.642 2C6.896 22.669 Transfers between funds ..Net movement.in Funds 206,896 Totsl funds brought forward 69,702 10.567 Totolfvnds caniedfvrwanl 171.956 125.209 297.165 90,269 All the above results arise from ￿ntinuIng opera11c￿$ ol Ihe ch￿th. There is no difference betr4een the net oulgoing reswrces ar￿ the histcffl.cal rnst equivalent. 12 'CARDIFF VINEYARD AWNUAL REPORT APID FINANCIAL STATEIIEPITS FOR ThE PERKX) EIIDED 30 JUNE 20f2 COMPANY INFORMATION REGISTERED CHARITY NUMBER: 1125T01 COMPANY NUMBER: TRUSTEES: J.G. Rankine lapwinted 11108r2￿8> B.0. Rankine (appoinbj 11108120081 J.J.B. Hargreaves lapFK)inted'1811"112014) R. Kissick (Chair. appointed 0910612016) S.J. Boftman {appJinled 1510512018) SECRETARY: .D. R￿￿'ne (ap￿Inted 11108r2rA)8> REGISTERED OFFICE: Hend IlanlrithydRoa(I St Hilary Cobthdge Vale of GlamoffJan CF717DP PRINCIPAL OFFICE: The Gate KeppLKh Street Cardrft CF24 BANKERS: CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mdling Kent ME194JQ INDEPÉNDENT EXAMINEIL. Stepl*n Perry LLB ACMA CGMA FCII Chartered Management Acc4)untant Knowle House 38 York Road y￿ Y024 4LZ CAROIFF VINEYARD ANNUAL REPORT AND FINANCIAL STATEIAENTS FOR ThE PEIIJOD ENDED 30 Jln4E 2022 REPORT OF THE TRUSTEES The Twstees of card￿ Vineyard rthe Church.) Fwt their repxt and unaudited finanryal statements for the year ended 30 June 2022. The Trustees c￿r￿M thal the Amual Rewrt aThJ finanrial statements of Ihe Church comply wsth the current statutory requirements. the requirements of the Churd)'s govemir¥J documenl and the provisions of Ihe'slateffentof Recommended Prath"cB {SORPI. applicable to charities preparing their accounts in acoydance with the Finanual Rewts"ng Standard applicable in the UK and Republic of Ireland {FRS 102) leffectr¥e 1 January 2015). Since the Church qualifies as small undwsectKwi 382 ofthe Compantes Act 2006. the strategic report required of medium and *ge Companies under The Companies Act .2006 "{Strategic"Ret&K"t and Directols Report) Regulations 2013 is Th)t required lo be presented." Structure. Governan¢e and Management Cardiff Vineyard is a registered rthanty. chanty numter 1125701. in(x)rwraled ￿ 11 August 2008. duly constituted by means of its Men￿rarK1Urn and Articles of ASsrtiat￿ft and operating as a "Church,. The Church operates in the United Kingdom of"Great Britain aThJ N￿thern Ireland and '"Cardiff.Vineyard is a eompany limrted by guarantee as wdl as a registered charity. arK] urK]er "company law the TfUStee5 of the Charty are the tiwtss of the dwitth company. .. The liabilty of each Trustee in the event of a winding up L% limited to £10. The day to day running of the ch.urch and operation81 decisions are delegated to the pastoral and administrative staff led by J.G. Rankine. J.G. Rankine is also a Trustee. ..The Trystees meet at least three times a ￿ and are resFKmsible makiry the major d￿l$lOr relating to the Tunning of Church. These decisK)ns Ind￿ apwoval ollhe annual tM)Jget and any agreements material to the fInar￿la1 rAisiti"on of Ihe Church. Appointment of Trustees New trustees are appointw5 when approwiate. Suitable ￿r￿1#yales. who ￿ generalty (but not exdusively) selected from wthin the ffembership of Cardrfl Vineyard. are considered on the basis of "their skills. eXper￿n￿ and urMlerstaThJing of the aims of Ihe Church. New trustees have the opportunity of reviewing appropriate dcM)Jments induding the acwunts and meekn.ng with pastoral and administrats've staff as part of their induclion process. Cunent trustees are IL*ed on page 3. Objectives & Activities The (A¥ectives of CO￿11￿ Vineyard we.. The advancement of the Christian faith induding miss#)nary aciivities in the Unrted Kingdom and overseas and also ind￿ling. 'but not limrted lo. the plaritsng of new "Churches and organisatKJns of congregatK)ns. The relief of ￿ pr￿ and rwdy, WKI th)* vtho are aged ￿ S￿k. CARDIFF VINEYAI ANNUAL REPORT AND FIIIANCIAL STATEIAEPWS FOR THE PERIOD ENL)ED 30 JUME 2022 Report of the Trustees for the period •n"ded 30 June 22 (continued) The advan￿￿￿nI ofed￿0110n. Such other tharitabte objects and ￿ the benefit of such other (tharilabfe bcxjies and instFtulK)ns as the Trnstees shall at their absolute disLYetion see fiL The Tnjslees confim that they have complied wrth the duty in the Chanties Act 2011 to have due regard lo public benefrt guidance published bylhe"Charity"commiss￿n. The signrfKant aciivities undertaken to carry out our aims for the puLrfic benefft and our achieV￿nts measured against those aims are provi(kd below. Review of activities Achlevements and performance The advancemenl of the Chrisfyan laith including missionary activities in'the United Klngdom and ovetseas and also including. bul nol limited to. the plan.tlng of new Churches and organisations of congregations Over the.last year Cardrft Vine￿rd has CQntirn￿d with lis visw)n ofbeing a Mul￿-s11e thurch for Cardtff and beyond. We have three different kxations across Ihe Cty (Cardiff Centra" l."Cardiff'North aThJ Cardiff West} for congregational gatherings and other activities. As the Church has emerged from the pandemic and regathwed in person V￿ have seen an increase . in the number of people who would see themselves as members of Cardiff Vineyard. We now have in the regron of 575 adults and 240 uThJer 18 Our menibership is irKrea&ngty divetse. with a wldè range of ages ano backgrwTris represented 8nd .m)any people who come from a non-thurch uptsinging. We have continued lo run Alpha courses. which gNes peo￿ an oppcvtunity to expiore the Christian faith in a relaxed and acces￿ble setliNJ. We ran three Alpha courses. one in person for adults, one in person for Youth and one onl1r￿. we.have continued'to Pemts Viney*d vthicTh we klarted in April"202"1. with rwJular mentoring for their senior leadeT5hip team. Cardiff Wineyard (Z￿t￿￿e5 to have good links *ryih rAher charities a¢TOSS Carihff and ffijrther affield in India. participating in joint veniures to frJrther the gospel of Jesus Christ arK] lo relieve the EK)or and needy. We have also started a parts)ership with the AsscKJ"ation of Vineyard Churches in Kenya which WOVKles Men￿ng for senior pastors in Kenya. Our Vineyard K￿$ mintsty SFKynsors a chitd at the Love the One woiect in India. In addttion to offering Supp￿ overseas. we conkn'nue lo financially suppcKI a tharity based in Trevrmxfa ￿lled Pkssage Wales who work wilh young people from thaotic backgrourKIs. The relief olthepoorand and Ilwe who are agedorsk The church ¢xJntinues to run its Restore, minLStries. with an array of drfferent proiects whtch *e dedicated to providing practical support and rela*"onship with those fa¢ing.hardship in the city. We have continueo to run Ty Adfer HLwse in partneT5hip with Green Pastures with 4 residents. The house is fulfilling ￿ vision that r( will be a home for men to come and be restored after the povety and*ardship.they"have".faced. "CARDIFF VINEYARD ANNUAL REPORT ANO FINANCIAL STATEIIIENTS FOR THE PERIOD ENDED 30 JUME 2022 Our Storehouse project has ca￿]ed on albeit * reduced 0￿ra￿"0nal levels. Storehouse collects fumiture goods for those in need arouThJ the aty and we have managed to supwrt dozens o.f iTrJivMluals and families. a good number of whom are disabled or long tem) $￿k. This project ts run by a team of vcdunleers fr¢yn the thurth ￿ they (mtfftue to (x4le¢t and deliver lterr￿. We ￿ntynue to njn Blend proie(a. which is a wmmunity Spa￿ and suppcrt slructure for refugees and a$￿￿M seekers in the uty. "sin￿ it began. indr¥iduaks representiThJ over 70 nkn'onalrties'have come along. We 81so f￿ntinue to run w GrrJ•tsby woiecL SWp￿.n9 vulnerable fam￿e¥ and Sm￿le p*enis in the early stages of parenb"ng. The task ol provKJing essential ¢tems has twn maintained over Ihe last Iwelve months m￿Y famllies have been served. The communty'stay and pw sessionshave retty￿ ￿er Covio and are a place 01 ¢ommunity. connection and support. We established The Gale Foc*1 Ctrop. whtth PToMdes families struggling financially wrth a weekly fwd shop £3. By the end ofJune 2022 VR were serying 50 ¢ustomers each week. The advancement of educalion. Membets ofthe church have txyitinued to have a weekty menu ofways to connect with each other, to study the Bible logelher arKI leam more ab(NJt their fath. Our small group system. whith consists of courses. o¥)mmunty groups and activity gr¢wp5. has ￿"gh levels ol engagemenl. Our Youth small groups moved in person arKI started meeting at Cathedrnl Schr￿. Llandaff and wntinue to grow. "More locally. we continued to run our'Leadership Yearf. with weekly seswns for the group from "September 2021 onward wth six individuals serving.the thurth and spec[r￿ ministries. as well as growing in therr petsonal dTsciWip and leadership. Such other charitable obJe¢ts and for fhe benefrt of such othercharitable bodles and institsltions as the Committee shall at Ihelrabsolute dixretion se• fit We a￿ a church ￿MmItted to worktng in partnetship Tmih other churches. charities and other Organisati￿S. In the last y&Ar we have o)nlinued our ongobr*J (x)blatKMalive wcrt with Oasis. Trinty Centre. Keep Wales Tidy. Rainbow of Hwe. Cardfft Fcnjbank. Green Pastures. Dusty Forge and Welsh Refugee Counol. Financial performance Overall The financial ststements presented shcA¥ a net surplus for year of £206.896 {2020.' £22,669). Funds brought forward totslled £￿.269 plus the surF4us for the year result in totsl funds carried foThvard into the 2022123 financial year of £297,165 of which £125.209 are ￿tT￿ted fijnds. Membership aThJ attendan￿ have remained statAe and swJrts of growlh in some of our SundaylcKalions and cor¥Jrega"tions. The core membership has conb'nued to prowde financial supp¢)rt through regular. mnthly giving as in wevM)us yeaps. The resutt of the increase in income has also t*en an increase in cash balancès to £367.17612021.. '£"1"64.832}. Cash balances inctsased due to iM¥eased giving from our members and include £88,OlXI of restn'cted funds dO￿ted to supkxjrt the purchase of The Gate. a propety in txntral Cardtff. CARDIFF VINEYARD ANNUAL REPORT AND FINANCIAL STATE&IEPffiS FOR THE PEIII(X) E140ED 30 JUNE 2022 Going ¢on¢om After making appropriate EyNuiries.'the Tntstees have a reaSon￿e expeclatKJn that the Church has adequate resources lo continue in Operati￿al existen￿ the foreseeable fuhjre. Tho Tn￿leeS have also CO￿ldered the riskstrj ￿ g[￿ng ojneem a5serkn and have mr*Jelled several polerilial scenarK)s ￿1here income falls a lempcffary sustsined pe￿d. It largely maintained ils membetshy and ino)nw during the paTrJernic FerKxI aThJ has conb.nued to grLYW ttwoughout the year. Mosl ofthe Church's Inc￿Me is derived from regular donations which tske pEa¢x through standing C￿derS or'Give As You Earn donations. Further income is ￿1ved Ma contriTrJulions to the wages of Church staff by Vineyard Churche5 UK & Ireland (VCUKI) frx roles nalionalty. The church's cost base is predominanty cOM￿￿d of staffng costs. smaller elements relating to mortgage payments and direct expendtlure on its activittes."SPK*l-tfrmedium"lerm o)st pressures can be relieved by reducb.ons in direct expendibjre; in Ihe loryer-temi. su5tsined fa115 in incomé may be mitigated ultimately by a red￿tiOn in staffing. As such. the Tnjstees have adopted the gcir¥J cA)nC￿ basis in txepamg the financial statements. Further details regarding the &Jo￿lon of the w'ThJ c¥)￿1 b&is ran be found in th8 Ac£￿￿￿ng Policies. R¢serves Polity Tlie Trustees have examined the Church's reqU￿e￿￿nts for free ￿ServeS in the light ofthe predominant risks.to Ihe Church. The main risk is idents'f*d as a red￿t￿)n ￿ the Clwrch meinbership giving rise to a reductDn in income. The T.rustees also reviewed the Reserves in li￿ ￿ a ry￿rtg￿e offer frryn ￿'ngdoM Bank with a view to purchasing The Gate. required the total held in resep4es to be no Iw than £83.(NJO. Th tolal is less than the amwnt held in reseryes at June 2022. At 31yh June 2022 reseThes any)unted to £297.165 . of which £125.209 are restrtcted funds. see nole 7.'"(2021":"£90."269 of whieh"£20.567 We￿ restrided lunds). Total reseThes are expected.to vary in fuiure periods in line with Church expendilwe arnl n*nts￿hIp levels. Total free r8seryes at June 2022 art INgher ttwn requirement of the reseNes FtAicy. The Trustees will (x)ntinue to tr￿Ik1 cash balances to support adtr*ren￿ to the and expected'activity for the following year. Cash balances held at ￿ June 2022 totalled £367.176 (2021.. £164.832). Rlsk Management The systems of intemal control are designed to reasonable. twt not absolute. assura￿e against material misstatement or loss. They indude: (a) an annual tjuty apwo¥￿1 ty the Twsiees: (b) regular consideration by Ihe Twstees of fina￿la1 rep￿ts". (c) del8gabon of authonty arKI segregatw)n of thrties; (dl Ifjenli￿IIOn and management of risks. A strategic risk register is maintained. arvj the TnJsiees regulaty wevivw the rnain risks thal the Church faces. with pericdie 'deep dives. on Fndividual risks. believe that maintsinir4J the free reserves at the levels noted on the .statwnent of financial aabvitss, (Y￿￿1n￿¢ *ith app.ropriate reviews of the 'CARDIFF VINEYARD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD EPKJED 30 JUNE 2022 controls'over key finanoal systems. provwles suffiaent res￿rceS in ￿ event of unexpeded adverse conditions. The T￿￿teeS are also of the o￿nIOn "th81 aoequate systems are in place to miti9ate ary significant mattets arisirwj from operatsLThI ar￿ business rtsks. Summary The Twstees consider that they have complied with Secti￿ 4 of the Charrties Act 2006 and that the Church and its membership are meeting the charitable obiects"vesthat were detemiinedwhen Ihe Church was formed. As it grows. it is exFÉCted that the Churth's communty wdl have further OPFKJrtunrties to increase its activtty and in1luen￿. ststement of Tnjslees, responsikn'lities The Tnjstees (who are also direclrgrs of Cardiff Vineyaftl f(r the purposes of wmpany law) are responsible for preparing the Tntslees. Annual Report aThl the financial sL￿ements in acc£*rdance with appficable law and United Kintyfjth￿ h£¢Ounli￿jStandards (United Kingdom GeneraAy AGcepled Accounting Practice). Company law requires the Trustees to prepare financial ststeff*nts for eath financial year vthrch give a true and fair view of.the stsle ol alyairs of the charitable cx)mpany and ol the incoming resources and applicatM)n of resources f(Y that perKKI. In prepaJir¥J these financol slatements. the Tn￿tee$ are required to". seled suitable accounting wlicies and then apply them consislenlly. observe the metlvjds and principles in the CharitEs SORP {FRS 102): make judgn*nts arKI estimates that are reasonable and prudent., state whether applicable UK Ac￿unb￿9 Stsndards have been follobwj. subiecl to any material departures dwaos&J arKI explained in the firtanrial ateriienfs... an(J prepare the financial stsleThnts on the goiry basis unless it is inappropriate to wesume that the charital￿e ￿MpanY wru continue In business. , The Trustees are responwbje for kee￿n9 adequate ac£ounting recorts that disdose WTih reasonable accuracy at any time the financ*1 F*)sIt￿ of the charitsble o)mpany and enable ' them to ensure that the finanaal 5tstements o)mply with the Companies Act 21J)6. Try are also reSpOn￿￿e for safeguarding the assets of the charilable company and the group and "henee"for taking reasonable steps for the rxevenlion and detection of fraud and other t￿egUlar1tie5. The Trustees are reSp￿￿t￿e for the Maintenan￿ and integrTty ofthe Lyytmte arkj finanaal information included on the charita￿e CoMpan￿S website. Legislatr'on in the United KirwjdC￿n governing the preparation and dissemination of financial ststemerts may differ from legislatK)n in other jurisdictions. Statement as to disclosure of infomialion to the Independent Examiner So lar as each Trustee L% aware. Ihere is ￿ relevant a￿j11 inkThthn ofwhich the Church's Independent Examiner is unaware. Each Trustee has taken all the Steps (suth as enquirps of oltw Tntstees and the IndepeTrJent Examiner and any other steps required by the Trustee's duty to exercise due care. skill. and diligence} that he or she OWJM to Thave taken in his or her duty as a Tnjstee to make himsdf or hersell aware of any relevant audit information arKI to establish that the Church's .IndependeNtExaminer4s aware of tt¥at inf(rfHkn. C8RDIFF VINEYARD ANNUAL REPORT AND FINANCIAL STATEIIENTS FOR THE PERIOD ENt)ED 30.JUNE 2022 T14è qcrA!unts were approved on beh*tofthe Board of Trustees (m 2f March 2023 Chair of Board of Trustees CARDIFF VINEfA11D ANNUAL REPORT AIID FIMAPICIAL STATEMENTS FOR THE PEiarx) EIIDED 30 JUNE 2022 Independent examinefs report lo the tntstees of Cardiff Vineyard I rerKJrt to the charity trustees on my examination ofthe ammts ofthe wmpany forthe peri￿1 ended 30 June 2022, vthich aré set rArt on pages 10 to 18. Respectlve responslbllities of trustees and examlner The ltrustees (who are a150 the directors of the ccrnpany for purtKJses of oJmp8ny law) are responsible for'the preparation of the accounts in accordance wrth the requirements of"the"Companies Act 2(X)6 ('the'2006 Act.). The trustees (xjnsider that an audit is Trjt requ￿ed for thi5 year under section 144{2) of the Charities Act 2011 (the 2011 Act} and that an iTr*twMJent examinatrjn is needed. Having Satisf￿ myseff that the accounts of Ihe company are nol required to be audited under Part 16 of Ihe 2006 Act and are eltgible for independent examination. I report in respecl of my examination of your compan￿5 accounls as carried wl under section 145 of the Charities Act"2011 ('the"201"1 Act'l.'In carrying out my examinat￿n I have followed the Directions gNen by the Charity Commission under section 14515)Ib) of the 2011 Act Basls of Indepen￿ examlnerfs report My examith.on was carried wt in ￿Ydan￿ with the gerwal th"￿tiOnS grven by the Charity Commission. An exarrTination indudes a rewew of the accnuntiThJ records kept by the charity and a comparison ol the accounts presented wtth those reC￿rds. It also indudes CA)nskderation of any unusual items ordI￿o$VreS in the accwnts seeking explanations from Y1￿ as trustees 0)n￿MIng any su matters. The prO￿d￿reS undertaken do not pro￿.de all the evideneÉ that would be requ￿ed in an audit and consequenty no opinion is given as'to whe"ther"the accounts present a Irue an¢J fair viev/ and.the report is limited to ttK)se matters set (￿rt in the ststement below. '"Independent oxafflinerfs st•teme Since the company's gr05S ifKome exceeded £250.CK)O your examtner must be a member of a body Si5ted in seth.on 145 of the 2011 Act. I confwm that l am qualifjed to undertake the examination because l am a member of The Chartered Instilute of Management AcCx)u￿nts. one ofthe listed tr•xli8s. l.have comple.lea my examinatron. I confinn Qha'l no matters have r￿Me"tO my attentsn in conneciion with the examinati￿ giving me caw¢ to believe that in any material respecL acmunling reC￿S were not kept in Tesr*d of the tximpany as required by s386 of the 2008 Act: the accDunts do not accrxd with those records: c the accounts do rH)t Ix)mply wrth the accounting rewirements of s396 of the 2(K16 Act other than any requirement that the aCc￿nts g've a 'tr￿ and fair whth not a matter consKlered a8 part of an independent examInat￿n. or the acc(Junls have not been wepared in aC￿rdan￿ with the meth(Lls and priroples of the Statement of Recommended PrdCticE for acc(MJnting and re[ti￿rYJ by CharIt￿S applicable to chariknes prepariThJ Iheir accwnts in accordan￿ the Finawal Re￿Ing Standard applvble in.the UK and Republic of IrelaTKI {FRS 102). 10 CARDIFF VINEYAIID ANNUAL REPORT AND FIMAMCIAL STATEMEIIYS FOR THE PERIOD ENDED 30 JUNE 2022 'I'have no concans and have come across no other mattets in (xinnection with the examination lo vihich attention should be drawn in this reFx)rt to enable a proper understandiry of the accounts to be reached. Stephen Pwy LLB ACMA CGMA FCII C￿artere(l Managew¢nt A¢me vrds set aside for activilies and causes that do ￿t directty benefrt Cardiff Virward. This is not regarded as a separate fu￿1 as such. but merely as an iThJicalor as to how genernl charilable eXpe￿IltUre rs to be disseminated and is part of the general unrestricted funds. Id) Income Incomeiis composed prinrApally of donations by Churth w*mtrws aThJ gfft aid redaimed donations vihere èligib'le. The nature of'the'churth's regular income means Ihal incc)me isbrough"t into aecount only when the income is re￿Ned. Grfl aid redaimed is recojnised in the financial pericrtj to which it relates. Incorre from any tradirvJ ￿ other a¢bvrties is fecwised t**hen eamed. In the case OT recharged events and stsff salaries, both in(x)me and experKliture are shown ￿0S$. Investment income is reco3nised on a receNable basis and arises fr(wn int￿1 b8aring deposit accounts. (e) TangIb￿ Fixed Assets Fixed Assets are T￿orded al cost of purchase 18ss accumulalwl des¥eu*￿. The Church gen￿allY capitalises assets vihich meet or exoed a de minimis value of £l."(KXI and are likety to have a useftil ecor¢omi¢ lrfe of more than one yw. {fj Dopr•ciation DepwatKJn offixed assets is charg￿1 by annual a￿￿nts (Xmnm￿Thj in year of acquisition at rates estimated to I￿lIe off their c4)sL ￿$S any estimated reshJua ¥a￿e. over their expe(aed useful lives. All assets are depreriated LN) a stralght-line basis with asgjmed useful e¢>yK)mrc Irves of between four and 'ten years. de￿ndent on the irKliV￿￿al asset. A tum yearfs depreual*Jn is tharged in the year of acqtsi%ition. and none in the year of distx)sal. DetKeclat￿n may be a￿e]er￿ed where it is known of in 15 CAROIFF VINEYARD COMPANY NUMBER 06669648 .ANNUAL REPORT AND HNANCL4L STATEMEiifs FQR THE PERI(￿ ENDED 30 JUNE 2022 advance Ihat an asset wll bE dwsed of. Motor vehicles 10 years l other assets 4 years (g) Taxation The Church is 8 regtstwed ch￿. as suth. ffj enlitled to L*rtain eX￿￿pIlO￿5 on in(￿Me and profits 'from investments and surplus on any activities carried on in fijrIheran￿ of the"Church"'s primary thjecbves. based on the aSSumptK￿ that these surpluses are ap￿led so* fLY charitabbe purposes. The Church is not regtslered for VAT. lThecovw*e Value Aoded Tax is charged lolhe relèvant expenditure heading to which the net cost i% asS￿lated. (h) Voluntary Hdp and Gifts in Kind The Church direclly employs a number of stsff but is also reliant on the supwrt of a number of volunteers in various aspects of its aCtiV￿e$. Trse volunteers make rw) d￿rge thew time, and financial value 'bas been put on this. From lime to time. "Church members rx extemal parties also make non-financial donations or gffts to the Church. Again. no financ4al has bean pul ￿ this. (11 Resources exwnded Expendiiure is recc*Jnised vh*n a liability is Ir￿fred. Charitable acbvtlies indude expenditwe a&80(a￿ wlh &hievin9 the tharitable obieclives aThJ activtkne5 of Cardrff Vineyard. Costs of generats.ng funds are Ihose costs intsjrred Wr¢h￿￿j items re-sale. Govemance costs indude those irwrred in the governance ol the Charity aJMJ its assets and are"primarily assocyated with (J)nstilutional and ststutory'requiremerrts. Supp(wt costs indude fu￿nS and have been alllxated to activity cost categories. ti) Debtors & Creditors The Church reCOgn￿eS all transac*on5 on an accwals basis. which is to Say that am sums due to or from 'Ihe"Church are included in the year whth Ihey txturred iwespeclive o.f *ihether"they haYe"been paKI."If they have not been paid. ￿Y are ind￿￿ed as a debtrx or cTeditr*. Debtcffs are comFX)sed wnripaNy ofthe Grft AKJ redaim from HMRC. prepay￿￿ for annual li￿nseS or seNices and sundry debt￿ where they arise. Tax recoverable arises from Gift Aid io be reclaimed on donations made lo Cardrff Vineyard during the financial year. Prepayrr*nts arise on a number of rtems of annval expenditure. b*"rrfJ F￿"napaTty lease costs. insurance. arKI licenses."Sundry debtors arise from time to c*) items payab￿ kn Cardiff Vineyard such as refunds or a¢xrued income. Credi10￿ aTe (fjmrmd oftrarwctiO￿ inrJJffed in the fJJTYent financial year which are yet to be paid and for which no invoice has been received. transac11￿$ incurred in the Cljrrentffinancial year thich are yet to be paid and for whith an invoKe has been r￿eNed. and defeThed in(t)rr* in respect of funding received in advar￿e which aP￿leS to future ac£ounting penots. AcC￿￿tS arise principalty for expenditu￿ incurred by members ofthe"Church durry.the finanoal year. not yet reimbursed'by ti)e Church al the balance sheet date. unirNoiced rtems. an oFerating lease accrual and an ￿r￿al for ontributions to VCUKI. Other ueditots &e rmFosed of deferred inc)Th balan￿ and tr8de (xeditors. (k) Provisions "Provi$ion$ are recoJniseO in line vthFRS102 where a presenllegal or CATh5tnth ot4igation lias arisen as a regjtt ofa past evenL is Fyobable and the anwjfftt bg estimated reliatly. 16 CARDIFF VINEYARD "COMVANY NUMBER OB669648 ANNUAL REPORT AND FINANCIAL sfATEIIJENTS FOR THE PERIOD ENDED 30 JUNE 2022 11) Leasgs The Churth leases t)uihJings fot the wovision of services tyi ITh with its charrtable objectrves and for administralive purposes. which have been a¢(￿nted for oFerating le85es. Lease payments are nom)ally expensed a5 they arise. Lease ineentNes are 8nNytised over the dUratif￿ of the lease.they are granted in respect ol. Im) Fund xcounting Unrestricted funds are available to spend on &tsv1t￿ that further any of"Church's charilable obiectives. 'Restricted furnls are donations whTrch the donor has specffj￿ are to be solely used for purposes or projects being undertaken by the Church. l Operatlng Surplus The 0￿rating Surplus ts stated after d￿ging. 2021ft2 20201ZI T.r.vstees'.rernunerat.ion4see.Note 141 Depreciation of tsngible fixed assets Total -43.906 43,906 916 44.821 44.370 . 3. .Donallons and lega￿5 The majority of the incorning reS￿rCeS are donation5 Irom Churth members. 2020121 'Unrestrirted.F"unds Restrirted Funds Total 47-5.269 391.2t4 475.269 391.214 4. Incomè Irom Charitable activiti "Restricted income was received in res￿nse.to specik requests lo supFx)rt"the aqutsibon of a property. The Gate. in central Cardiff. 2021122 2020121 Events & other Unrestricted Restrirted 16,649 123.627 "3.t178 30,131 Tota 140.277 33.208 17 CARDIFF VINEYARD '¢.OMPA14Y NUMBERW69648 ANNUAL REPORT AND FINANCIAL STATEIAENTS FOR THE PERIOD ENDED 30 JUME 2022 5. Olher In￿Me Sundry income consists principalpy of ￿ntr￿ub.0rts to the wages of Chwch staff by Ihe wider Vi￿yard Churches UK & Ireland rrKwement fcff roles performed nationally. .2021R2 Gift.a￿.r80)Very Sundry income 109.452 114.617 72.821 Total 224. 143.765 6. Stsff Costs 2021r22 2020121 Salary costs National Insuranc Pension ￿ntributIOnS 261.527 46.933 14.674 252.639 48.548 13,308 Tolal 323.134 314.495 "sta"ff costs were alk(ated TrRtween charitable &livibes and rasing fuThJs at an estimaled"99%-"1'% sp'lit. There were ￿ employees with remuneration above £60.oc￿l. An anatysis of the average numbers of fUll-tin￿ equNalent pern￿nent enwoyees is as fc4lows'. 2021122 Numb•r 2020121 Number Pastoral Administrative Total 10.3 12.4 7. Resource8 expended & anatysls of support costs. The three areas of CharItst￿e adivibes which al￿n to the Church's chath￿ obiedives ￿. Category 1 Furtherance of the gos[￿ ofJesus Christ aThJ Advancing Ihe KIryd￿n of God 'C"ategory"2 Relieve the poor. the needy. the sick and the eldety. Category 3 Build up the faith of Christian Believers. Trainir¥J & Education ."Of"the lotat resourtes expended a lotsl OT £19.756 {2021: £17.558) was expended in resrect of restricted funds projects as fdlows: 18 CAROIFF VINEYARD "C-OWAMY NIJMBER"06669648 ANNUAL REPORT AND FWIANCIAL STATEME14TS FOR THE PERIOD E￿)ED 30 JUNE 21Y12 Fund Oponiry Incon* Outgolng Closlng balance balan¢e FC￿ Coop lind Christmas) 2.754 2.270 5.024 Growbaby 2.347 Ty Adfer 5.642 1.240 5,045 Restore General 5.89S 6,118 1,778 Pembs 7,916 WVCA 18.998 616 18.382 Students 1.OCN) The Wdl 1.250 1.250 Kid(start 2.160 2.160 The Gale 88.IX)O 20.567 124.398 19.756 125,209 Overseas mission as weil as donations to supEtrtl the b*'ng undertaken in Projects such as Bridges to"C"ommunities."Love the One. Fusion Students Moveffent and the Cardiff Vineyard Storehouse project and"Foodbank. Hwjiene Bank. ExpendthJre Ylas realised in the term5 of ts resth"ctiorts. Analyws of support costs Support costs are assumed as being rt)n-wage and salary rA)sts which are not directly related to one ofthe charitable aims of the Church. Pastoral staff wages and salaries have b￿n excluded as pasltxal staff. by "the nalure of their role5. work ewally across all church 0bjecbves."Supr￿t costs have been equally allocated across the Church's three pr￿￿PaI tharitable ci¥i*ti'ves fLW a simil* raithale. Expenditure from restricted & unrestrided fvrK15 is alkKated to costs of fundrai%ing (assumed as 1°h of costs) and costs of charitab'le arxivities {assumed as 99% of costs). A minority of church staff tsme is spent fundraising as the majonty of church incOff￿ derives from repealing th)nations from n￿rnbers. No governan￿ costs have arisen a5 tDJstees th) irw expenses in the (x)wse of church gjvemance. 19 CARDIFF VINEYARD "COMPANY NUMBER'IJ666964 ANI4UAL REPORT ANO FINANCIAL STATEMEPlfS FOR THE PERIOD ENDED 30 JUNE 2022 Support cost Fundraising 2022 2021 AdmInth￿Ve costs 197 6.515 6,515 6.515 19.743 62.421 IT 957 .957 957 2.￿0 3.909 Legal & professional 160 5282 5.282 16.008 11.284 Training cx)sts 35 1.152 1.152 1.152 3.492 701 Venue hire & office 1.039 34.274 34.274 34.274 103.861 87.234 Total 48,181 181 48.181 146.002 165.549 8. Tanglble Flxed Assets Flxtures (hTr•. IT and Other and IAgdla Flttlngs Equipment Vehlcle Total At the beginrur¥J of the yew A(fdilions Disposals Atend oftheye8r 5.455 3,237 1,455 14,797 5.455 3.237 1.4S5 14.797 Depreciation At the beginning ofthe year "rrepreciation Disposals 3.237 1.455 11.543 465 At end ofihe year 5.455 3.237 1.4S5 1.861 12.008 Net Book Value .Atlhebeg. inAiry ofthe year 3.2S4 At the end of the year 2.789 2.789 g. Deblors 2021122 Gift Aid RecAwerable .Prepayments Other debtor5 739 23.967 739 8.233 Totsl 24,7L 8.972 CARDIFF VINEYARD 'COWPATrIY NUMBERn6669648 ANNUAL REPORT AND HNANCIAL STATEME14TS FOR ThE PERIOD ENDED 30 JUNE 2022 10. Creditors Creditors aTe cornposed of Ihe items detailed Amounts falling due within one yèar Arnounts falling due after more than one year 2021r22 2020r21 2021122 2020r21 Bank Loans Trade creditOf5 'Credit Card Accwals Taxation Other creditors 1.103 5.898 47.794 2.415 4,936 1.645 3.176 9.936 31.302 49,713 21108 47,794 Bank Loans cnmprise a Bcmjnce B&k Loan aryanged uTrJer the COVKI 19 ffinanc￿l assistan￿ prcgrdmme. Repaymenp begin in May 2022. 11. Provlsk>ns No rKovisions have been made in 2021r22 (2020121: £nA). 1Z Leas•s The church gave notKe. adivating the 5 year break clause. on the l(￿g-terrn 110 year periThll lease on premises at"EastmooYs"Road. off Ocean Way in Cardiff whth eommenc£d i)n 1 "March'2017. The"lease ended on 28th February 2022. The church has ￿ other lornj tern) kase commilments. 13. Remuneratlon and Tran&iCtI￿ with Truslo8s None of the directors [￿Ned arby fee5 for their services as TnJst&s DireGtots. J G Rankine is a Trustee and also"engaged"in"M￿￿lry ￿ the Church. fLY W1￿￿eTe￿l¥edTem￿neratMjn of"£43'906 12020121.. £43.W61. J"G Rankine was reimbursed for"ex￿seS Inc￿led vthilst perf￿Ing tiis"duties for the"Church totalliNg"£nir {2019120- £nil) during ￿ pericxl. 1￿ Related Party Tmsactions During the year. the trustees arKf persons deenEd related parb.es mad8 thJnaticrfB to Cardrft Vineyard totalltng £8D.980 (2020121.. £M170) not incjuding any relaled gift aid inca)me. 15. Sharn Capltsl The"Chwch"is.a"charita>le'company ty"guaFantee aTrJ'has.rn."share'capital. Theextent"oflhe gu*antee is £10 per tntstee. 21