2023-04-05-accounts

Registration Number 01125978

CHRIST THE VINE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 April 2023

XPATLINK ACCOUNTANTS LTD ACCOUNTANTS & TAX ADVISORS

CHRIST THE VINE CHURCH

Church Information

Trustees	Mrs Folakeemi Abidogun
	Dr Adeshola Adeniran
	Mrs Omolara Adebiyi
	Mr Kola Akande
	Mr Olayanju Abidogun
Company Number	1125978
Registered Office	5 Bessybrook Close
	Lostock
	Bolton
	BL6 4EA
Accountant	Xpatlink Accountants Ltd
	91, Princess Street
	Manchester
	Greater Manchester
	M1 4HT
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 6H
Branch 3	The Vine Sanctuary Park View
	Harpurhey
	Manchester
	M9 5 TF

CHRIST THE VINE CHURCH

Contents

----- Start of picture text -----
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
----- End of picture text -----

CHRIST THE VINE CHURCH

Trustees' Report for the year ended 05 April 2023

The trustees present their report and the financial statements for the year ended 05 April 2023.

Principal 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 Mr Olayanju Abidogun Mr Kola Akande

Results

The Income and Expenditure accounts on page 3 show a loss of £1141 in the 12 months' financial year ended 05 April 2023. Advantage 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 25[th ] January 2024 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 2023 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.

Xpatlink Accountants Ltd 91, Princess Street Manchester Greater Manchester M1 4HT

Date: 25[th] January 2024

Page 2

CHRIST THE VINE CHURCH

Income and Expenditure Account for the year ended 05 April 2023

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 05/04/2023 £ 51,138 52,279 1,141 - 1,141 1,141		Y/E 05/04/2022 £ 40,089 40,587
		-			-498 -
		-			-498
		-			-498

The Notes on page 5 form an integral part of these Financial Statements. Page 3

CHRIST THE VINE CHURCH

----- Start of picture text -----
Balance Sheet
As at 05 April 2023
Y/E Y/E
Notes 05/04/2023 05/04/2022
£ £ £ £
Fixed Assets 3 2,379 4,213
Tangible Assets
Current Assets
Other receivables 2992
Cash at bank 4 16998 20,447
19,990 20,447
Creditors: amounts falling
due within one year 5 - 1,150
Net Current Assets/Liabilities 19,990 21,542
Net Assets 22,369 23,510
Capital Account
Accumulated Funds B/fwd 23,510 24,008
Loss for the Year - 1,141 -498
Accumulated Funds C/fwd 22,369 23,510
----- End of picture text -----

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

(a) that for the year ended 05 April 2023, 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 applicable 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 25th January 2024 and signed on its behalf by

Pastor in Charge Trustee

Page 4

CHRIST THE VINE CHURCH

Notes to the financial statements

for the year ended 5th April 2023

1 Accounting Policies

1.1 Accounting Convention

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

1.2 Income

Income represents the total invoice value, excluding value added tax, of all monies received including all donations received through The Vine Sanctuary in the financial 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 Income

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

3 Fixed Assets

Fixed Assets Cost: Depreciation As at 06 April 2022 Charge for the year As at 05 April 2023 Net Book Value As at 05 April 2023 As at 05 April 2022		Fixtures & Fittings £ 1,053 842 1,895 2,379 4,213			Total £ 1,053 842 36,666 2,379 4,213

• 4 . The Cash at Bank comprise of Bal from TVC Manchester £ 2436.98 Bal from CTV Bolton £ 6409.95

Bal from CTV Manchester £ 8156.98

8156.98 reditors: amounts falling due within one year Other Creditors PAYE Accruals		Y/E 05/04/2023 £	Y/E 05/04/2022
			£ 650 - 500 -1,150

5. Creditors: amounts falling due within one year

CHRIST THE VINE CHURCH Income statement for the church

For the year

INCOME Tithe Offerings Council Grants Convention Donations Rental Income Administrative Expenses: Employee Costs: Wages Travel and Subsistence Premises Costs: Rent & Water Light & Heat Gardening Insurance General Administrative Expenses: Emergency Expenses Printing & Stationery Church Programmes & Activities Repairs, Renewals & Maintenance Security services	Y/e Y/e 05/04/2023 05/04/2023 £ £ 34,572.00 10,266.00 - - 1,600.00 4,800.00 51,138.00 51,138.00 - 1,802.00 24,157.00 8,281.00 1,064.00 2,246.00 165.00 3,417.00 7,732.00 858.00	Y/E Y/e 05/04/2022 05/04/2022 £ £ 29,563.00 9,236.00 - 1,290.00 40,089.00 40,089.00 1,020.00 310.00 22,415.00 3,194.00 490.00 1,334.00 - 782.00 8,739.00 750.00

Miscellaneous Expenses 1,194.00 Interest 21.00 Depreciation 842.00 Legal & Professional Costs: Consultancy & Training Fees - Accountancy 500.00 52,279.00 OPERATIONAL LOSS		- 1,053.00 - 500.00 52,279.00 40,587.00 - (1,141.00)		40,587.00
				- (498.00)

Page 5