VENE EVANGELICAL CHURCH {SEVENOAKS) (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 CHARITY REGISTRATION No: 1128970 COMPANY REGISTRATION No: 06821266 VINE EVANGELICAL CHURCH (SEVENOAKS) (A COMPANY LIMITED BY GUARANTEE) CONTENTS Poge 3 Legal & Administrative Informotion. Pages 4 to 5 Report of the Trustees. Page 6 Statement of Financial Activities. Page 7 Balance Sheet. Pages 8 to 13 Notes to the Financial Statements. Poge 14 Independent Examiners Report on the Accounts. VINE EVANGELICAL CHURCH (SEVENOAKS) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED JI DECEMBER 2022 LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER 1128970 COMPANY REGISTRATION NUMBER 6821266 START OF FINANCIAL YEAR 1st January 2022 END OF FINANCIAL YEAR 315t Decernber 2022 DIRECTORS THAT SERVED DURING THE YEAR TO 31ST DECEMBER 2022 C Stiven G Tainio R Hancock G Newholm lappolnted Ilth February 20221 A Gruneberg lappointed Ilth February 20221 N Reynolds (appointed iith February 20221 COMPANY SECRETARY C Stiven REGISTERED ADDRESS Vine Evangelical Church Hitchen Hatch Lane SÈvÈnoaks Kent TN13 3AT GOVERNING INsfRUMENT Memorandum and Articles of Association dated 17th February 2009. PRIMARY BANKERS CAF Bank INDEPENDENT EXAMINER IndÈpendÈnt Examiners Ltd Unit 2 The Broadbridge Business Cent Delling Lane Bosham West Sussex P018 8NF VINE EVANGELICAL CHURCH (SEVENOAKS) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED JI DECEMBER 2022 The Directo￿ have pleasure in subrnitting their report and financial staternents for the year ended 31st Decernber 2022. Objects of the ¢harity The charity seeks to demonstrate the Christian faith in action by being a church in the Sevenooks ooa. Governance The policy and operating decisions of the charity rest with the Directo￿ who meet regularly to monitor the attivities of the charity. Review of Activities A church is not just a company or a buildingi but a gathering of ordinary people of different ages and backgrounds, whose lives have been changed by jesus Christ, the Son of God. The New Testament reveals the Church as a community of people, properly taught and cared for. who by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area In which they lived. The leaders and members of Vlne Evangelical Church Isevenoaksl èfft committed to the r&storation of those New Testament principles. We afft not alone in this, but re one of rnany churches in the are4, the country and all over the wodd that are re-discovering the excitement of knowing Jesus Christ. The vision is to see the people of Sevenoaks District corne into this experience of knowing Je5US as their Lord, Saviour and fnend. Although only incorporated as a company In 2009, Vine Evangelical Church Isevenoaksl I'VEC") has inherited and carries on the rich tradition of the church community that has been meeting in its current prernises for some 150 years. VEC regularly carries out and/or participates in activities with a view to achieving this vision, including weekly worship services with crèche and Sunday Club actlvities, youth club meetings and outings, men's and women's Bible studies, sm311 group meetings ènd men's and women's teaching. VEC'S activities during 2022 generally resumed their pre-covfD pattern. However, in response to the spiralling cost of fuel, the Tuesday morning mother and toddler group has been replaced by a 'warm space, drop-in centre. Physical meetings for worship, teaching, prayer and fellowship continue with somewhat reduced numbers. We continue to offer online participation via Zoom. and sermons are published to YouTube. During 2022 VEC continued to provide office space without charge for the use of Sevenoaks Area Youth Trust. and to make its premises available free of charge to the Sevenoèks Branch of Crosslight (formerly West Kent Debt Advice), and to thè Sevenoèks Child Contact Centre. The two 13tter organisètions ar& staffed by volunteÈrs from local churches including VEC, all of them provide 5ervice5 to the public free of chorye. In addition, VEC serves a5 the registered offitr for Sevenoak5 welcom￿ Refugee5, and makes its pretnise5 available free of charge for their meetings. VEC continues to help support financially a small nurnber of Cornmended Workers Mernbe￿ or former rnernbe￿ of the church who are engaged In full time Christian rninistry in the UK and/or abroad, and who rely on donations fmm a wide range of supporters, both Individual and institutional, Including VEC. Finally, VEC Is pleased to be one of the local churches participating in the governance of Trlnity School, a Chrittian free school in Sevenoèks that opened in September 2013. Flnanelal Revlew Incoming resources for the year under revlew amounted to some £109,984, an increase over of some £13,000 over the p￿vIOuS year. However, this included a one-off I￿a(Y of £25,000, so that the undedying income fell by some £12,000. Expenditure for the period, at £123,859 was marginally some £9,500 higher than in the previou5 year, reflerting c05t of living odju5tments to stsff cost5, higher utility bills property expenditure. Thi5 resulted in a deficit of £13,875, slightly lower than the previous year's deficit. VINE EVANGELICAL CHURCH (SEVENOAKS) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED JI DECEMBER 2022 Directors. Re5ponsibilitie5 Charity law requires us as directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charlty and of its income and expendlture for the year. Thls requlres US to Select suitable accounting policies and apply them consistently Make Judgements and estimates that are reasonable and prudent state whether the applicable accounting standards have been followed. subject to any material departures disclosed and explained In the accounts. Prepare the financial statements on a going concern basis unless It is Inappropriate to presume that the charity will continue in business. We are responsible for keeping adequate accounting records which disclose with reasonable accuracy ai any time the rinancial position of the tharity and enable us to ensuo that the finan¢ial statemÈnts comply with the CompaniÈs Att 2006. We a150 have o responsibility to safeguard the a55ets of the charity and to take reosonable 5tep5 to prevent fraud or any other irregularities. The trustees continue to believe that they have sufficient reserves to meet fixed expense5 for the 12 months from the signing of these accounts. Reserves Policy It is the policy of the charity that unrestritted funds should be maintained at a level equivalent to a minimurn of 51X months, expenditure, which would have arnounted to around £62,000 for the year under review. The directors consider that reserves at this level will ensure that, In the event of a significant drop in funding. they will be able to continue the charity's current activities while consideration is given to ways In which additional funds may be raised. Unrestricted reserves at the end of the year were £152,000 whlch would cover approximately 14.5 months, expenditure. The trustees do not Consider thai reserves at this level a￿ excessive. They will enable the charity to cover fixed overheads should income from donations continue at o lower level over the coming month5, which the tru5tee5 consider to be 6 real PO55ibility as a result of continud increase5 in the cost of living following the pandemic and the Russian invasion of Ukraine. Approval Approved by the Directors and signed on their behalf on 12 June 2023 by.. eogtt- C D Stiven 1210612023 VINE EVANGELICAL CHURCH (SEVENOAKS) (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED JI DECEMBER 2022 Incorporating Incorne and expenditure account Unrestricted Funds Designated Funds Restricted Fund5 TOTAL 2022 TOTAL 2021 Note5 INCOME AND ENDOWMENTS FROM.. Donations and Legacies 75,698 19,298 1.573 96,569 84.622 Charitable Activities 3b Trading Activitie5 12,848 12,848 12,471 Investments 3d 567 567 16 TOTAL INCOME 109 984 EXPENDThURE ON: Charitable Activities 102,551 19,735 1,573 123,859 114,628 TOTAL ExpeNDITURe 102 551 123 859 114 628 NET INCOME/{EXPENDITURE) {13,438} (437) (13,875) (17,519) Total Funds Brought Forward 80,656 85.298 165,954 183,473 Transfer between funds TOTAL FUNDS cAR￿eD FORWARD 152 079 165 954 Movements on all reserves and all recognlsed gains and losses are shown above. All of the organlsation's opetttions are ¢lassed as continuing. The notes on pages 8 to 13 form part of these financial statements. VINE EVANGELICAL CHURCH (SEVENOAKS) (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2022 Unrestricted Funds Restricted Funds 31-Dec-22 Total 31-Dec-21 Total Note Fixed Assets Tangible a55ets Current Assets Debtors Cash at bank and In hand 7,441 145,628 7,441 145,628 10,927 155,981 Total Current Assets 153 069 153 069 166 908 Cre