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2022-04-05-accounts

Registration Number 01125978

CHRIST THE VINE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 April 2022

PROUDLOCKS ACCOUNTANTS LTD ACCOUNTANTS & TAX ADVISORS

CHRIST THE VINE CHURCH

Church Information

Trustees Mrs Folakeemi Abidogun
Dr Adeshola Adeniran
Mrs Omolara Adebiyi
Company Number 1125978
Registered Office 5 Bessybrook Close
Lostock
Bolton
BL6 4EA
Accountant Proudlocks Accountants Ltd
203 Manningham Lane
Bradford
West Yorkshire
BD8 7HP
Banker Lloyds TSB
Branch 1 Christ The Vine Centre
Park View
Harpurhey
Manchester
M9 5TF
Branch 2 Christ The Vine
99 Derby Street
Bolton
BL3 6HH

CHRIST THE VINE CHURCH

Contents
Page
Trustees' Report 1
Accountants' Report 2
Income & Expenditure Account 3
Balance Sheet 4
Notes to the Financial Statements 5
Detailed Income & Expenditure Account 6

CHRIST THE VINE CHURCH

Trustees' Report for the year ended 05 April 2022

The trustees present their report and the financial statements for the year ended 05 April 2022.

Prinipal activity

The principal activity during the period continued to be that of a church.

Trustees

Trustees who served during the period are as stated below:

Mrs Folakeemi Abidogun Dr Adeshola Adeniran Mrs Omolara Adebiyi

Results

The Income and Expenditure accounts on page 3 show a loss of £498 in the 12 months financial year ended 05 April 2022. Advantange has been taken of the special exemptions under the Companies Act 2006, in preparation of the Trustees Report. In the Trustees opinion the trust is entitled to those exemptions, having met the qualifications for a small company.

Small companies Regime

This report is prepared in accordance with provisions in Part 15 of the Company Act 2006 relating to companies subject to the small companies Regime.

This report was approved by the Board on 10 January 2023 and signed on its behalf by:

Pastor in Charge Trustee

Page 1

CHRIST THE VINE CHURCH

Accountants' report on the unaudited financial statements to the trustees of: "Christ The Vine Church"

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 05 April 2022 set out on pages 3 to 5 and you consider that the company is exempt from an audit. In accordance with your instructions we have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information supplied to us.

Proudlocks Accountants Ltd 203 Manningham Lane Bradford West Yorkshire BD8 7HP

Date: 10 January 2023

Page 2

CHRIST THE VINE CHURCH

Income and Expenditure Account for the year ended 05 April 2022

Income
Administrative Expenses
Income(Loss) on ordinary
activities before taxation
Tax on Profit on ordinary activities
Income(Loss) on ordinary
activities after taxation
Income(Loss) for the year		 Notes
2		 Y/E
05/04/2022
£
40,089
40,587
498

-
498

498
 Y/E
05/04/2021
£
47,656
30,454
- 17,202
-
- 17,202
- 17,202

The Notes on page 5 form an integral part of these Financial Statements.

Page 3

CHRIST THE VINE CHURCH

Balance Sheet As at 05 April 2022

Fixed Assets
Tangible Assets
Current Assets
Cash at bank and in hand
Creditors: amounts falling
due within one year
Net Current Assets/Liabilities
Net Assets
Capital Account
Accumulated Funds B/fwd
Loss for the Year
Accumulated Funds C/fwd		 Notes £
£
£
£
4,213
2,466
20,447
22,692
20,447
22,692
1,150
-
1,150
-
19,297
21,542
23,510
24,008
24,008
6,806
498
-
17,202
23,510
24,008
Y/E
05/04/2022
Y/E
05/04/2021		 £
£
£
£
4,213
2,466
20,447
22,692
20,447
22,692
1,150
-
1,150
-
19,297
21,542
23,510
24,008
24,008
6,806
498
-
17,202
23,510
24,008
Y/E
05/04/2022
Y/E
05/04/2021
3
4
20,447
1,150
-
24,008
6,806
17,202
24,008

In approving these financial statements as Trustees of the company we hereby confirm:

(a) that for the year ended 05 April 2022 the company was entitled to the exemption from audit under section 477 of Companies Act 2006.

(b) that the members have not required the company to obtain audit in accordance with section 476 of the Companies Act 2006.

(c) that the trustees' acknowledge their responsibilities for:

(d) these accounts 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 on 10 January 2023 and signed on its behalf by

Pastor in Charge Trustee

The Notes on page 5 form an integral part of these Financial Statements.

Page 4

CHRIST THE VINE CHURCH

Notes to the financial statements for the year ended 05 April 2022

1 Accounting Policies

1.1 Accounting Convention

The financial statements are prepared under the historial cost convention and in accordance with the Financial Reporing Standard for Smaller Entities (effective June 2002).

1.2 Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

1.3 Tangible Fixed Assets and Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

F&F & Equipment

-

20% Reducing Balance

1.4 Stock

Stock is valued at the lower of cost and net realisable value.

1.5 Deferred Taxation

Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes except to the extent that the directors consider that a liability to taxation is unlikely to materialise.

2 Turnover

The total turnover of the company for the period has been derived from its principal activity wholly undertaken in the UK.

3
4		 Fixed Assets
Cost:
As at 06 April 2021
Additions
As at 05 April 2022
Depreciation
As at 06 April 2021
Charge for the year
As at 05 April 2022
Net Book Value
As at 05 April 2022
As at 05 April 2021
Creditors:amounts falling due within one year
Other Creditors
PAYE
Accruals		 Fixtures &
Fittings
£
38,079
2,800
40,879
35,613
1,053
36,666
4,213
2,466
Y/E
05/04/2022
£
650
-
500
1,150		 Total
£
38,079
2,800
40,879
35,613
1,053
36,666
4,213
2,466
Y/E
05/04/2021
£
650
-
500
1,150

Page 5

CHRIST THE VINE CHURCH

Detailed Income and Expenditure Account for the year ended 05 April 2022

Income
Tithe
Offerings
Council Grants
Convention
Administrative Expenses:
Employee Costs:
Wages
Travel and Subsistence
Premises Costs:
Rent & Water
Light & Heat
Gardening
Insurance
General Administrative Expenses:
Telephone
Printing & Stationery
Church Programmes & Activities
Repairs, Renewals & Maintenance
Subscription
Depreciation
Legal & Professional Costs:
Consultancy & Training Fees
Accountancy
Operating Loss/Profit		 £
£
29,563
9,236
-
1,290
40,089
1,020
310
1,330
22,415
3,194
490
1,334
27,433
-
782
8,739
750
-
1,053
11,324
-
500
500
40,587
498
-
Y/E
05/04/2022		 £
£
29,563
9,236
-
1,290
40,089
1,020
310
1,330
22,415
3,194
490
1,334
27,433
-
782
8,739
750
-
1,053
11,324
-
500
500
40,587
498
-
Y/E
05/04/2022		 £
£
27,308
8,598
10,000
1,750
47,656
1,300
-
1,300
15,935
1,992
-
954
18,881
-
948
8,208
-
-
617
9,773
-
500
500
30,454
17,202
Y/E
05/04/2021		 £
£
27,308
8,598
10,000
1,750
47,656
1,300
-
1,300
15,935
1,992
-
954
18,881
-
948
8,208
-
-
617
9,773
-
500
500
30,454
17,202
Y/E
05/04/2021
1,020
310
22,415
3,194
490
1,334
-
782
8,739
750
-
1,053
-
500
17,202

Page 6