**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: - i) ensuring the company keeps accounting records which comply with Section 386; and - ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit and loss for the financial year, in accordance with the requirements under Section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicablt to the company. (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**