SEVERN VINEYARD FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Company Registration Number 06952398 Charity Number 1130698
SEVERN VINEYARD FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 Contents Pages Trustees. Annual Report 1to8 Reference & Administrative Infomiation Independenl Examiner's Report 10 Statement of Financial Aclivities 11 Balance Sheet 12 Notes to the Financial Slalements 13to22
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 The Trustees present their report and financial ststements for the period ended 30 June 2024. Governing Document Severn Vineyard is a registered charity, charity number 1130698, incorporated on 14 July 2009, duly constituted by means of its Memorandum and Articles of Association and operating as a church. Organisational Structure Severn Vineyard is a company limiled by guaranlee as well as a regislered charity. in which the company directors also form the Board of Trustees. The day to day running of the Church is delegaled lo the employed Lead Pastors: Rev. O R Lynch and Rev. C Lynch both ofwhom are also Trustees. The liability of each Trustee in the event of a winding up is limited to £1. Connected Charities Vine ard Churches UK & Ireland -VCUKI" VCUKI (registered charily number 1099748) was formed wilh the purpose of joining iogether churches that hold common values and praCtiS. It gives oversight to the pastors of Vineyard churches and facilitstes church planting. VCUKI helps, serves, and strengthens the churches by leading, training, resourcing, administering, and providing pastoral support to senior pastors. Sevem Vineyard uses the name Vineyard by lince agreement wilh VCUKI. Severn Vineyard aims to give 50/0 of its unrestricted income to support the work of VCUKI. This is not an obligation but is consistent with the Church's aims of sharing in the training of Christian workers and advancing the Kingdom of God. Objectives & Activities The objectives of Sevem Vineyard are= The advancement of the Christian faith including the planting of new Vineyard churches., The advancement of Christian education, through the production of talks, podcasts and Bible study materials., The relief of sickness and financial hardship and to promote and preseNe good heallh by the provision of funds, goods or services of any kind, including through the provision of counselling, training in life skills and support in such parts of Brislol, the UK or the world as the Trustees from time to time may see fit- The provision of facilities in the interests of social welfare for recreation or olher leisure lime occupation of individuals who have need of such facilities with the objective of improving their condilions of life.
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 Achievements and Performance Performance against Objectives The level of perf0rnan against objectives is, in the main. a reflection of the activity of the members of Severn Vineyard who volunteer their lime, energy and money freely because of their faith in God. The advancement of the Christian faith including the planting of new Vineyard churches Recognising the unique contribution that the Christian faith makes to the emotional and spiritual health of individuals, families and communities, there has been significant investment in pathways, courses and conlenl including.. Immanuel Prayer sessions Spiritual Direction Modelling meditalion The result of this focus on emotional and spiritual health has been many stories of positive change in mental heallh and relationships amongst those who have participaled. The advancement of Christian education Anecdotal evidence suggests that repeated spiritual experiences of Jesus incrementally and radically transform the mind, body, and soul. A key part of this is achieved through theological education. Christian theological education has been delivered in a variety of formats to children, teenagers, and adults, utilising digital platfomis and in-person community gatherings. The staff team plays a key role in leading and coordinating the Christian education of the whole church including.. Children and Families Pastor Youth and Students Pastor Two Co-Lead Pastors The staff team have worked with volunteer teams lo run weekly events for people of all ages including children, youth, families, students, and young adults. Some of this work is done in collaboration with other churches in the UK Vineyard movement and with third party organisations like Fusion. Our association with the Vineyard movement in the UK and Ireland is particularly central to our programrne wilh National events such as "Dreaming the Impossible" {DTII and "The Cause lo Live Forf, events and networks that connect youth and young adults. The Vineyard national networks for Kids and Family Pastors, Youth and Students Pastors, Worship Pastors and Lead Pastors are especially helpful for equipping and networking. Severn Vineyard also contributes lo the wider Vineyard rllovement by releasing the Lead Pastors to serve as Vineyard Area Leaders for the West Country and Wales providing oversight and support lo seven other Vineyard churches in the area.
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 The relief of the poor and needy, and those who are aged or sick Recognising God's particular detemination throughout the Bible to protect and care for the vulnerable and marginalised. Sevem has continued to commit significant amounts of time. energy and money to help the most vulnerable and marginalised in Bristol. Food Povert Severn Vineyard continued to run an emergency food-bank in partnership wilh Field Vineyard Church and the South and East Bristol Food-bank (part of the Trussell Trust network) serving the BS4 area of South Bristol. In the year to 30th June 2024 the food-bank fulfilled 1,282 Vouchers, delivering food to a lotal of 1,912 adults and 1,313 children, a 33 /0 increase in the number of people fed on the previous financial year. This was only possible through an extensive team of around sixty volunteers assisting in Ihe preparation, delivery and distribution of the emergency food parcels. The wst-of-living crisis resulled in a large increase in the number of people suffering frorn food povety during 23124. The Cost-of-Living Grant provided crucial additional funding that allowed us to expand our foodbank operations to meet the increase in need for emergency food parcels at the outlet. This included the purchase of a much needed extensive racking system within the foodbank store room lo help manage the 25,609 kg of food and toiletries distributed, paying for additional hire of the packing facilities at The Harbour to allow for food parcel packing sessions to be expanded, the continued hire of St Bamabas chLJrch as a venue for the face to fa clinic as well as a temporary increase in hours of the food-bank coordinator to help manage the outlet. It also allowed us to expand the provision for the clients attending the St Barnabas foodbank clinic, both wilh the purchase of food hygiene courses for volunteers to allow us to be able to prepare to offer cheese loasties lo clients, along wilh additional kitchen equipment including a coffee machine for the outlet to help manage refreshments for the increased number of people attending the oullet. We also used the funding to work with The Park Community Centre Cafe to provide vouchers for a hot meal and drinks for four hundred adults and children, providing both a vital hot meal but also another connection to the wider community to help prevenl social isolation for those suffering from food poverty within the area. Vulnerable Families.. Severn Vineyard has worked in partnership with Home for Good lo provide Foster Carers with a support group and families associated with Sevem continue lo seNe as foster carers. Our Storehouse has continued to provide support for vulnerable families with free children's clothing and babyequipment. This year, it has supported 162 families, who are often put in touch with us through their supportlsociallhealth worker. It is a much-valued service, which also provides opportunities for church members to help and serve those families most in need. A government-funded cost-of-living grant along with two other grants, enabled the Storehouse to be staffed one day a week as well as purchase cots, mattresses, and equipment. We made the difficult decision to close the Storehouse in July 2024 when funding ran out.
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 Homelessness= Severn Vineyard Soup Run teams have conlinued lo provide food. hot drinks and toiletries alongside listening ear to homeless people twice a month, serving up to 40 people a night. Debt advocac and su ort.. In partnership with Christians Against Povety (CAP) Severn Vineyard provides debt advocacy and support to people in the BS3, BS4, BS13, BS14 postcode areas of Bristol. In the year to 30th June 2024 30 people have been helped by this Servi and families have been relieved of nearly £51,000 worth of debt. This service is run in partnership with several churches in south Bristol who provide be-frienders lo walk with the clients through their journey to becoming debt free. Severn Vineyard continued to provide life skills training courses in partnership with Christians Against Poverty {CAP). Three money coaching courses were held across South Bristol. Attendees consisted of existing Glients and some entirely new to CAP services. Eath attendee received a personalised electronic budgeting l(yJl with support on how lo use it. update it over lime and mosl irnportantly how to ensure their budget is balanced. The course helped people to sel realistic and achievable savings goals as well as a self-screening tool for recognising when debt was becoming unmanageable, at which point Money Coaches were available and on hand to discuss avenues of support. Refu ees and As lum Seekers: Severn Vineyard has also partnered with Bristol City Council to run a weekly Refugee Welcome Hub. This was initially set up to welcome and help integrate Ukrainian refugees into the city of Bristol, but has expanded lo include refugees of other countries, including Syria. This project is funded by Bristol City Council and provides a place where refugees can learn English whilst meeting others in a similar situation. The provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities with the objective of improving their conditions of life. Recognising that no community exists in isolation, Severn has sought to catalyse community groups within local neighbourhoods and among people with similar interests. These groups have helped to counter the inherent loneliness experienced in the cily, strengthen neighbourhoods, and bring iogelher people whose differences could have kept them apart. Severn Vineyard staff and volunteers have worked together to gather and connect people with activities and events. including rnonlhly sharing breakfast 'all-ins." walks, a curry night, and a cocktail night. "Light parties" las an alternative to Halloween), summer picnics and shared lunches after Sunday morning services. During the Summer break, groups of people met in homes on a Sunday, rather than meeting at the central venue as well as gathering for picnics and walks. Severn has a pasloral support network to respond to the pastoral needs of members of the church community who are struggling with personal challenges.
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 As well as community groups. our staff organise teams of volunteers that support the infrastructure of Severn Vineyard. Whilst these teams are essential for the operation of the church, they are also a primary way to provide a forum for friendship to flourish. In planning church activities, the trustees have paid due regard to the Charity Commission's guidance relating to activities for the public benefit. Financial review The finances of Sevem Vineyard during 2023 - 2024 show that the trustees have focused expenditure on the three main objectives of the charity. Restricled funds include funds received for Ihe ongoing building campaign and funds received for the CAP debt advocacy service, Vineyard BS4 Foodbank and the Refugee Welcome Hub. We were fortunate to receive grants totalling £65,187, thanks to the work of our paid, part-time Fundraiser, including from the UK Governmenl, Asda Foundation, Feeding Bristol, Burgess Salmon Trust, The Willats Trust and The Cinnamon Network. Severn Vineyard received a specific cost-of-living grant from the National Lottery Community Fund. This covered some of the costs of existing services, from July 2023 until March 2024 and enabled us to set up new services or expand existing services. The money was spent on a variety of things, across a variety of Severn's community seNices and included= Setting up a new, lce weekly toddler group for local parents, enabling them to attend for free. Purchasing new toys, equipment and covering staff salaries Day-trips lo the theatre and Windsor Castle and a womens, spiritual retreat Purchasing new shelving to enable better storage for the Food Bank., staff salaries., new equipment of a coffee machine and toastie-maker to enable a lunch service whilst clients collect food parcels Purchasing new rails and equipment for the Storehouse project. as well as mattresses for cots and moses baskets, and nappies, wipes, and muslin cloths to gift to new parents Bursaries for clients of the CAP debt centre, providing urgently needed food packages, family tickets for day trips during the school holidays Other costs including printing, hospitality, administration, rent and utilities Principal funding to unrestiicted funds has come from donations made by members ofthe church. A significant proportion of the donations have been made under the Grft Aid scheme, whereby HM Revenue & Custorns returns the tax paid on those donations to Severn Vineyard. Note 3 to Ihe accounts details how the expenditure in the period has supported the church's key objectwes. Unrestricted income for the year was £199.464 and unrestricted expenditure was £191,204 resulting in a surplus for the year of £8,260. Total income for the year was £293.129 and total expenditure was £325,906. During 202312024 income was budgeted to be significantly lower than in previous years and the trustees approved a plan to redu expenditure by £60,000 a yearfor the budget year July 2023124. The largest reduction was made lo staff payroll which took effect from 1 st July 2023.
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 Appointment of Trustees New Trustees are nominated by olher Trustees during Trustees, meetings. Open discussions are conducted within the meetings regarding the candidates, suitability for the role, commitment to Sevem Vineyard. and cross referenced to the skills gaps on the Trustee Board. Potential candidates are approached by one of the Lead Pastors andlor the Chair of Trustees. and the candidate is asked to prayerfully consider whether they might seNe the Church in this way. Once the candidate confirms they would be happy to undertake this responsibility, they are invited to a Trustees, meeting and appointed as a Trustee. One of the Trustees will meet with them to go through the Trustee job description, as well as assign them a particular funclionldepartment. Remuneration of Key Management Personnel Remuneration for key management personnel is guided by a pay spine document developed by a former Trustee of Sevem. in line with Vineyard UK pay guidelines. A remuneration committee meets to review the salary and package for the Lead Pastors. The Lead Pastors are responsible for Ihe setting of the remuneration of the staff team in line with policy agreed with the Trustees. Investment PovrS and Policy The constitution of Sevem Vineyard authorises the Trustees to make and hold investments using the funds of the Charity. Cash balances are currently held with several banks to protect the charity from undue exposure to a single institution. Reserves Policy Rationale: Severn Vineyard aims to maintain resetves in order to cover short term fluctuations in income and expenditu. The charity actively maximises its liquidity by submitting frequent claims for gift aid and close management of cash flow. Maintenance: The Trustees aim to review. on a half-annual basis, the level of reserves held. At present they consider a minimum level of£25,000 necessary to cover outstanding contractual expenditure should the charity be unable to conlinue. The current free reserves ensure that Ihe charity can cover all contractual expenditu. Free reseNes at the year-end are £50.716. which are within the policy. The budget planned for 2024125 will reduce this position by about £10,000. Revlew of Reserves Pollcy: The Trustees aim to review whether the Policy itself remains appropriate at least once per year. Risk Management The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include..
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 an annual budget approved by the Trustees., regular consideration by the Trustees of financial reports., delegation of authorily and segregalion of dulles. identification and management of risks. b) d) The Trustees aim lo review the main risks facing the church, and the controls over key financial systems, on a regular basis. The trustees are oflhe opinion that adequate systems and resources are in place to mitigate any significanl matters arising from operational and business risks. The Trustees are pleased to confirm that the internal financial controls, in particular, conform toguidelines issued by the Charity Commission. Plans for future periods In line with the charitable objectives, Severn Vineyard will continue to contribute lo the spiritual, cultural and social wellbeing of the residents of Bristol and the surrounding area. Plans for the next two years involve.. a) Strengthening the sense of connectedness within the community of people who are associated with the Vineyard church in Bristol. b) Continuing to create and provide fresh, engaging and sustainable pathways for spiritual and emotional health for a diverse mix of children, youth, students and adults. c) Serving the city through ServIS that relieve povety and loneliness.
SEVERN VINEYARD TRUSTEES. ANNUAL REPORT YEAR ENDED 30 JUNE 2024 Trustees, responsibilities in relation to the financial statements The Irustees (who are also direclors of Severn Vineyard for the Pu08eS of mmpany law) are responsible for preparing the Trustees. Report lincorporaling the strategic report and directors, report) and Ihe financial stalements in accordan with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102= The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Accepted Accounting Practice). Company law requires Ihe trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP- make judgments and accounting estimates that are reasonable and prudent., stsle whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in business. The Iruslees are responsible for keeping adequate accounting records that disclose wilh reasonable accuracy at any lime the financial position of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approval of Accounts The accounts were approved on behalf of Ihe Trustees on by: Mar 20 2025 Greg Nixon TrusteelDirector Owen Lynch TrusleelDirector
SEVERN VINEYARD REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 30 JUNE 2024 Company number 06952398 Charity number 1130698 Trustees The Trustees (who are directors for Ihe purpose of company lawl who have seNed during the year and since Ihe year end were as follows.. G A Nixon Rev O R Lynch Rev C Lynch P M Howells N Gazzard B Likulunga Secretary P M Howells Registered Office Totterdown Methodist Church Bushy Park Brislol. BS4 2EG. Independent Examiner Joshua Kingston Bsc ACA Burton Sweet Limited The Clock Tower 5 Fadeigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR
SEVERN VINEYARD INDEPENDENT EXAMINER'S REPORT YEAR ENDED 30 JUNE 2024 I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act'l. Having satisfied myself that the accounts of the Company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounls as carried out under section 145 of the Charities Acl 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515) Ib) of the 2011 Act. Independent examiner's statement Since the Company's gross income exeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Acl. I confirn that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirrn that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by sectKJn 386 of the 2006 Act., or the accounts do not accord with those records" or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent exarnination., or the accounts have not been prepared in accordance with Ihe methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no COnrS and have come across no other matters in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounls to be reached. Joshua Kingston Bsc ACA Burton Sweet Limited The Clock Tower 5 Fadeigh Court Old Weston Road Flax Bourton Bristol BS48 1 UR Mar 20 2025 10
SEVERN VINEYARD STATEMENT OF FINANCIAL ACTIVITIES (Including income and expenditure account) YEAR ENDED 30 JUNE 2024 Unrestricted Funds Restricted Funds Total funds 2024 Total funds 2023 Notes Income from: Donations and grants Investments Charitable activities- events 199,125 85,285 8,380 284,410 8,381 338 280,867 5,450 369 338 Total Income 199,464 93,665 293,129 286,686 Expenditure on: Raising funds Charitable activities 5,000 186,204 5,000 320,906 3,569 340,432 134,702 Total expenditure 191,204 134,702 325,906 344,001 Net Income l {expendlturel 8,260 141,0371 {32,7771 157,3151 Tran$f¢rs b¢tw¢en funds Net movement in funds 8,260 141,0371 132,7771 157,3151 T¢)tal funds brought forward 12 45,164 421,357 466,521 523,836 Total funds carried forward 12 53,424 380,320 433,744 466,521 The company has no recognised gains or losses other than the results for the year as set out aix)ve. All of the activities of the company are classed as continuing. The comparative Ststemenl of Financial Activities is shown in note 6. The notes on pages 13 to 22 forni part of these financial statements
SEVERN VINEYARD BALANCE SHEET AT 30 JUNE 2024 2024 2023 Notes Flxèd assets 983 3,085 CuThent assets Debtors Cash at bank 10,339 435.934 446,273 11,347 468,102 479,449 Creditors: Amounts falling due within one year {13,5121 116,0131 Net current assets 432,761 463,436 Net assets 433,744 466,521 Funds of the charity Restricted funds Unrestricted funds 13 13 380,320 53,424 421,357 45,164 433.744 466,521 For the yèar ènding 30 Juné 2024 thè company was èntiuèd to examption from audit und6r section 477 of thè Companiès Act 2006 relating to small ¢ompanies. The members have not required the company lo obtain an audit of its accounts for the year in question in accordance with section 144121 of the Charities Act 2011. Th& members have not required Ihts Company lo obtain an audit in a¢¢ordan¢e with section 476 of the Companies A¢t 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of Part 15 of the Companie5 Act applicable 10 Small companies subject to the small wmpanies regime and in accordan with FRS102 SORP. Mar 20 2025 These financial statements were approved by the trustees on......................................... and are signed on their behalf by.. Greg Nixon Trustee Owen Lynch Trust&& Company registration number 06952398 Th8 notès on pag8s 13 to 22 form part of thèse financial stat•m8nts
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 1 A¢¢ountlng pollcle$ al Basis of preparation The finan¢i81 stslemenls have been prepared in aOrdance with the historical cost Convention (except where otherwise slated In the accounting policy nolel and in accordance with the Slalemenl of Rewmmended Pradice.. A¢counting and Reporting by Charities preparing their 8ccounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, and the Financial Reporting Stsndard appliGable in the United Kingdom and RepubliG of Ireland IFRS 1021, and the Companies Act 2006. The charity is a public benefit entity as defined under FRS102. There are no material uncertainties about the charity's ability to continue as a going concern, despite the significant uncertainly being caused by the national cost of living crisis. Whilst the Trustees expect there lo be a significant impact on the charity's operations and reserves in the coming months and years, the charity has sufficient reserves to be able lo rneel these challenges. bl Incom8 Income from donations is included in inGome when these are receivable, except 8$ follows.. l. When donors specify that donations given to the charity must be used in future accounting periods, the income is deferred until those periods., 11. When donors impos& conditions whi¢h have lo be fulfilled befo Ihg ¢harity becomes entitled lo use such in¢om8. the in¢om8 is deferred until the pre-¢ondilions have been mot. cl Expenditure Expenditure is accoLJnted lor on an accruals basis and has been classified under headings that aggregate all costs related to that activity inclusive of VAT. Support costs and costs that cannot be directly attributed have been allocated to activities on a basis consistent with the use of the resource. Costs of chariiable activities comprise the expenditure associated with achieving the charitable objectives and activities of Severn Vineyard. Governance costs compris& the costs involving the publi¢ 8¢¢ounlabilily of the ¢harily and ils Compliance with regulation and good practice. These costs are Included within support costs. Expenditure is allocated lo a particular activity where the cost relates directly to that activity. Support costs include central function5 and have been allocated to activity cost calegoiies based on use of the particular resource. dl Fund accounting Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees. Reslricled funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated fLJnds form part of unrestricted funds and have been identified as being for partiCLJlar purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 1 A¢¢ountlng pollcle$ l¢ontlnued) èl Fixèd assèts Depreciation is calculated so as to write-off the cost of an asset, less ils estimated residual value, over the useful economic life of the asset as follows.. Computer office equipment 3 years straight line Motor Vehicles 4 years straight line PA equipment 4 years slraighl line Assets are capitalised where the purchase price exceeds £500. gl Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net ol any trade discounts due. hl Cash at bank in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. il Credltors Creditors and provisions are recognised where the charity has a present obligation resLJlting from a past event that will probably result in Ihe transfer of funds to a third party and the amount due to settle the obligalion can be measured or estimated reliably. Creditors and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. Il P•nslon costs and othèr post.rètlr•m•nt b•n•flts The charity conlribules lo defined contribution pension schemes. Contributions payable lo the charity's pension schemes are charged lo the Slalement of Financial Activities in the period lo which they relate. 2 Donations and grants Unrestricted Fund$ Restricted Total Funds Fund$ 2024 Donations from church members Gift aid reclaimed Grants received Gifts in kind 157,147 34,352 7,626 23,985 181,132 34,352 65,187 3,739 57,561 3,739 199,125 85,285 284,410 Donations of £20,50012023.. £15,605) were received from Iruslees and other related parties during the year. During the year, the charity received government grants of £54.03712023.' £nill. The charity receives gifts in kind from generous donors. These include clothes, toys and baby equipment etc which are then distributed to those in need. 14
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 2 Donations and grants {Mnlinuedl Prlor year Unrèstrlctod Funds R8strlct8d Total Funds Funds 2023 Donations from church members Gift 8id reclaimed Grants re¢eivod Gifts in kind 181,751 41,420 600 28,546 388 27,260 902 210,297 41,808 27,860 902 223,771 57,096 280,867 3 Expenditure on Charitable Activities Christian Faith Alleviating hard$hip Total 2024 Education Grants and gifts (see belowl 11,030 10,394 16,910 38,334 Direct costs.. Staff costs Other stsff costs Volunteer thanks Sunday services and events Car parking Hospitality and refreshments Travelling expenses Support costs (see below) 42,931 8,801 43,303 5.659 47,863 12,109 134,097 26,569 1,737 2,4 3,758 530 29,901 1,888 2,491 3,187 398 29,152 2,733 6,358 5,135 25,553 1,416 83,436 18,608 488 24,383 101,340 96.472 123,094 320,906 Support costs Chrlstlan Faith Allèvlatlng hardship Total 2024 Education Premises costs Rent, rates and utilities Small equipmènt and rapairs Depreciation Insurance Office costs Stationery, telephone and IT Sundry costs Contributions to VCUK Goveman¢e Trustees, expenses Accountancy Independent examiner's fee 20,723 512 914 263 20,190 123 914 249 16,156 1,237 274 384 57,069 1,872 2,102 896 1,460 1,155 3,398 715 2.240 3,310 351 320 3,507 2,526 3,715 10,215 20 2,322 2,699 682 792 646 750 994 1,157 29,901 29,152 24,383 83,436
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 3 Exp¢ndlture on Charltable A¢tlvltle$ l¢ontlnuedl Prior year Christian Faith Alleviating hardship Total 2023 Education Grants and gifts (see belowl 1,225 996 3,456 5,677 Direct costs.. Staff cosls other staff costs Volunteer thanks Sunday services and trvtsnts Car parking Hospitality and refreshments Travelling expenses Support costs (see below) 66,084 16,179 44 5,676 2.496 6,822 825 33,097 69,232 14,599 38 3,100 2,448 5,495 825 30,257 46,694 8,664 182,010 39,442 82 9,076 5.087 22,230 1,737 75,091 300 143 9,913 87 11,737 132,448 126,990 80,994 340,432 Support costs Christian Faith Alleviating hardship Total 2023 Edu¢ation Premises costs Rent, rates and utilities Small equipment and repairs Depreciation Insurance Office costs Stationery, telephone and IT Sundry costs Contributions to VCUK Govemance AcGountancy Independent examinerfs fee 17,966 530 1,814 357 14,813 680 1,815 332 9,393 221 282 203 42,172 1,431 3,911 892 1,462 3,163 5,677 958 3,961 5,672 323 139 2,743 7,263 11,349 1,151 977 1,081 945 644 532 2,876 2,454 33,097 30.257 11,737 75,091
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 3 Expondltur8 on Charltable Actlvltl8s Icontlnuodl Grants and gifts 2024 2023 Grants and gifts made lo org8nis8tions'. Lighthouse Vineyard Bridges for Communities Casa de Esparanza - Mexico India Vineyard gift Woodlands church Kaingam Step UK Beloved Wells Vineyard Grants and gifts made to individLJals 30,000 1,800 3,000 360 150 358 250 200 150 2,409 5,334 38,334 5,677 4 Net incomellexpenditure} for the year 2024 2023 Stated after charging.. Depreciation Trustees, eypenses13 Iruslees reimbursed for travel and subsistence wsls, refreshments and slalioneryl Independent examine¢s fee 2,102 3,911 800 1,170 1,530 current year independent examination - accounts preparation 1,266 1,188 5 Stsff costs and numbers The aggregate payroll costs were.. 2024 2023 Wages and salaries Social security costs Pension contributions Redundancy ¢osts 129,330 3,935 5,832 169,706 6,094 7,968 1,811 139,097 185,579
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 5 Stsff Costs and numbers l¢ontlnuedl The number of staff employed are as follows= 2024 2023 Pasloral and administration 10 13 Most stsff work part-time hours, the full-time equivalent is 3.512023.. 4.31. No employee was paid more than £60,000 in 2024 or 2023. The Trustees consider the key management personnel for the charity to be themselves, 8nd Liz Nixon, the church operations manager. Rev. Owen Lynch and Rev Claire Lynch, who are joint lead pastors of the church, are also Truslses of the charity. Total benefits paid to key management personnel during the year were £74,710 12023.. £99,5651, including employer's national insurance and pension contributions. 6 Comparative Statement of Financial Activitie$ Unrestricted Funds Restricted Funds Total funds 2023 Income from: Donations and grants Inveslments Charitable activities- events 223,771 123 369 57,096 5,327 280,867 5,450 369 Total Income 224,263 62,423 286,686 Expenditure on: Fundraising Charitable activities 3.569 280,071 3,569 340,432 60,361 Total expenditure 283,640 60,361 344,001 Net lexpenditurellincome 159,3771 2,062 157,3151 Transfèrs b&twa8n funds 12,5231 2,523 Net movement in funds 161,9001 4,585 157,3151 Total funds brought forward 107,064 416,772 523,836 Total funds carried foNiard 45,164 421,357 466,521
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 7 Tanglblo flxod assets PA èquipm8nt Computer èquipment Equipmènt Total Cost At 1 July 2023 and 30 JLJne 2024 5,027 22,051 8,113 35,191 Depreciation At 1 July 2023 Charge for the year 5,027 20,928 1,123 6,151 979 32,106 2,102 At 30 June 2024 5,027 22,051 7,130 34,208 Net book value At 30 Junè 2024 983 983 At 30 June 2023 1,123 1,962 3,085 8 Debtors 2024 2023 Gift Aid receivable Other debtors Prepayments 7,650 1,376 1,313 8,242 1,127 1,978 10,339 11,347 9 Creditors= amounts falling due within one year 2024 2023 Other creditors Taxation and social security Accruals Pension creditor 5,881 1,199 5,593 839 6,194 714 7,229 1,876 13,512 16,013
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 10 Rèlated partles and truste8 transactlons During the year, the Charity made payments as follows, all permitted by the Charity's Memorandum of Association.. Pension Contributions 2024 Total Remun8ration Rev Owen Lynch Rev Claire Lynch 26,356 26,356 1,107 1,107 27,463 27,463 52,712 2,214 54,926 Prior year Pension Contribution5 2023 Total Remunpration Rev Owen Lynch Rev Claire Lynch 38,668 43,707 1,551 1,772 40,219 45,479 82,375 3,323 85,698 Remuneration includes employer's national insurance contributions. Both Rev Owen Lynch and Rev Claire Lynch are trustees of the charity, and are therefore key management personnel. The remuneration for Rev Owen Lynch and Rev Claire Lynch above is in connection to their roles as lead pastors. The charity made donations during the year of £nil12023= £1,800) lo Bridges for Communities. a charity of which Rev Owen Lynch is a Trustee. Th&re were no other rglaltsd party transactions during either th& ¢urrenl or the prior year. 11 Company limited by guarantee The Company is limited by guarantee and as such has no issued share capital. In the event of the company being wound up the liability of the members is limited £1 each. 20
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 12 Mov¢m¥nt In fund$ At 1 July 2023 At 30 June 2024 Income Expenditure Transfer Restricted funds Chur¢h planting New Premises CAP Debt Centre West Country and Wales area Foodbank Christmas hampers Ukraine hub Hardship fund Storehouse 45 399,229 45 361,321 5,192 1,919 9,116 11,706 17,588 149,6141 112,3961 11,5241 123,4621 3,443 10,764 2,975 4,884 17 18,839 2,975 12,9751 14,8801 138,2891 14,5371 1134,7021 38,290 7,242 93,665 18 2,705 380,320 421,357 Unrestricted funds New Premises General reserves 1,725 43,439 1,725 51,699 199,464 1191,2041 466,521 293,129 1325,9061 433,744 Church planting - Funds r&ceived from Viney8rd IUKI to f8¢ilitste church pl8nting in the local region. Nèw Prémisès - Donations received to contribute towards provision of new church premises. CAP Debt centre - Funds received to work with clients in South Bristol that are struggling with debt, by offering free debt advice and help with negotiating affordable repayments to creditors. Wast Country and Wal•s arèa - Income received towards senior pastors, expenses incurred as part of regional oversight. Foodbank - Funds received lo cover the costs of a food bank in partnership with Bristol Vineyard and the Trussell Trust. Christmas hampers - Funds were received to give Christmas hampers to clients of Community Semces. The funds were transferred to the Foodbank Fund as the charity became aware that the funds could no longer be spent in this way. Donors. permission was sought before the transfer was made. Ukraine hub Funds to welcome and help integrate Ukrainian refugees into the city of Bristol, but has expanded to include refugees of other countries, including Syria. Hardshlp fund- Funds received to help relieve the hardship of VLJlnerable families. Storehouse- Funds received to help relieve the hardship by giving clothes, toys and baby equipment etc. New Premise5 designated fund The Iruslees have sel aside funds lo realise the church's vision for new premises. 21
SEVERN VINEYARD NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 12 Movement in funds Icontinuedl Prlor yèar At 1 July 2022 At 30 Junè 2023 Income Expenditure Transfer Restricted funds Church planting New Premises CAP Debt Centre West Country and Wales area Foodbank Christmas hampers Ukraine hub Hardship fund Storehouse 45 397,220 3,226 1,174 12,169 2,921 45 399,229 9,965 12,079 2,750 24,438 4,150 8,139 17,9561 117,8281 14811 125,8431 14,0961 13,2551 2,523 3,443 10,764 2,975 4,884 17 17 902 62,423 19021 160,3611 416,772 2,523 421,357 unstriCted funds New Premises General reserves 3,381 103,683 11,6561 1281,9841 1,725 43,439 224,263 12,5231 523,836 286,686 1344,0011 466,521 13 Analysls of nat assèts b8tw&èn funds Tanglbl8 flxed assets Othèr nat assets At 30 June 2024 Restricted funds Unrèstrictsd funds: Designated funds General funds 380.320 380,320 1,725 50,716 1,725 51,699 983 983 432,761 433,744 Free reserves of the charity al 30 June 2024 were £50,716. Prlor year Tanglble fixed assets Othèr nat assets At 30 Junè 2023 Restricted funds Unrestricted funds= Designated funds General funds 421,357 421,357 1,725 40,354 1,725 43,439 3,085 3,085 463,436 466,521 Free reserves of the charity al 30 June 2023 were £40,354. 22