**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**