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← Christ The Vine Church

2024-04-05-accounts

CHRIST THE VINE CHURCH

FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 April 2024

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

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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
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CHRIST THE VINE CHURCH

Trustees' Report for the year ended 5th April 2024

The trustees present their report and the financial statements for the year ended 5th April 2024.

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 £16,762 in the 12 months' financial year ended 5[th ] April 2024. 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 3[rd ] February 2025 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 5[th ] April 2024 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: 3[rd] February 2025

Page 2

CHRIST THE VINE CHURCH

Income and Expenditure Account for the year ended 5[th] April 2024

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
05/04/2024
£
49,927
60,478
-10,551
-
-10,551
-10,551		 Y/E
05/04/2023
£
51,138
52,279
-1,141
-
-1,141
-1,141

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

CHRIST THE VINE CHURCH

Fixed Assets
Tangible Assets
Current Assets
Other receivables
Cash at bank
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		 Balance Sheet
As at 5th April 2024
Y/E
Y/E
Notes
05/04/2024
05/04/2023
£
£
£
3
1,537
2992
2992
4
4195
16998
7187
7187
19,990
3,065
11,819
22369
-
10550
11,819		 Y/E
05/04/2023		 Y/E
05/04/2023		 £
2,379
19,990
22,369
23,510
-1,141

22,369

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

(a) that for the year ended 05 April 2024, the Charity 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 3[rd ] Febraury 2025 and signed on its behalf by

Afolakemi Abidogun Pastor in Charge Trustee

Page 4

CHRIST THE VINE CHURCH

Notes to the financial statements

for the year ended 5th April 2024

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 Charity 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 2023
Charge for the year
As at 05 April 2024
Net Book Value
As at 05 April 2023
As at 05 April 2024		 Fixtures &
Fittings
£
1,895
842
2,737
2,379
1537		 Total
£
1,053
842
1,895
2,379
4,213
£

4 . The Cash at Bank comprise of Bal from TVC Manchester £ 1623.07

Bal from CTV Bolton £ 1327.05 Bal from CTV Manchester £ 1245.33

Income statement for the church For the year

Income statement for the church For the year Income statement for the church For the year Income statement for the church For the year Income statement for the church For the year Income statement for the church For the year Income statement for the church For the year
CTV Man & Bolton T V S TOTAL
Y/e Y/e Y/e Y/E Y/e
05/04/2024 05/04/2024 05/04/2024 05/04/2023 05/04/2023
INCOME £ £
Tithe 26,465.00 26,465.00 34,572.00
Offerings 4,507.00 4,507.00 10,266.00
Council Grants - -
Other Revenue - -
Donations 2,060.00 4,257.00 6,317.00 1,600.00
Rental/ Other Income 4,000.00 300.00 4,300.00 4,800.00
Miscellaneous Income 8,338.00 8,338.00
TOTAL INCOME 45,370.00 4,557.00 49,927.00 51,138.00 51,138.00
Administrative Expenses: -
Employee Costs: -
Wages - -
Travel and Subsistence 2,083.00 2,083.00 1,802.00
Premises Costs: -
Rent,Water 23,922.00 23,922.00 24,157.00
Light & Heat 11,847.00 11,847.00 8,281.00
Gardening -
Insurance 928.00 928.00 1,064.00
General Administrative Expenses: -
EmergencyExpenses - 2,246.00
Printing& Stationery - 165
Church Programmes & Activities 13,719.00 13,719.00 3,417.00
Repairs,Renewals & Maintenance 1,900.00 1,900.00 7,732.00
Securityservices 558.00 558.00 858
Miscellaneous Expenses - 1,194.00
Interest - 21
Depreciation - 842
Food Bank Expenses- TVS -
Food Bank Program & Activities 4,621.00 4,621.00
Repairs 300.00 300.00
-
-
Legal & Professional Costs: -
Consultancy& TrainingFees 200.00 200.00 -
Accountancy 400.00 400.00 500
TOTAL EXPENDITURE 55,557.00 4,921.00 60,478.00 52,279.00 52,279.00
OPERATIONAL LOSS -10,551.00 -1,141.00