## Gateway Vineyard Christian Fellowship Norwich 

Report and Accounts Year ended 31 March 2023 


1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **COMPANY INFORMATION** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **Trustees** 

Judy Day Craig Deal Angela Greaves Charles Greeney (appointed March 2023) Alan Lusher (appointed September 2023) Andrew Wiltshire Nicola Adlam (resigned June 2023) Paul Hamilton (appointed December 2022 and resigned September 2023) Matthew Mallet (appointed December 2022 and resigned September 2023) 

**Key staff** Craig Deal Hannah Deal Marc Lillystone 

**Governing Document** Memorandum and Articles of Association dated 23 February 2010, amended by a special resolution on 7 March 2017. 

|**Company Registration Number**|07165537||
|---|---|---|
|**Charity Registration Number**|1135206||
|**Registered Office &**|Gateway Vineyard Norwich||
|**principal address**|Trowse Sports Hall||
||The Street, Trowse||
||Norwich||
||NR14 8SP||
|**Independent Examiner**|Ajay Rajani FCIE||
||Stewardship||
||1 Lamb's Passage||
||London||
||EC1Y 8AB||
|**Bankers**|CAF Bank Limited||
||25 Kings Hill Avenue||
||West Malling||
||Kent||
||ME19 4JQ||
|**Contents**||**Page**|
|Company Information||1|
|Trustees' Annual Report||2-8|
|Independent Examiner's|Report|9|
|Statement of Financial Activities||10|
|Balance Sheet||11|
|Cashflow Statement||12|
|Notes to the Accounts||13-18|
|Detailed Statement of Financial Activities with Comparatives||19|



Page 1 



## **Gateway Vineyard Christian Fellowship Norwich Trustees (and Directors) Report for the Year Ended 31[st] March 2023** 

The trustees present their report and accounts for the year ended 31[st] March 2023 

The Board of Trustees are satisfied with the performance of the charity during the year and consider that the charity is in a strong position to continue its activities during the coming year, and that the charity’s assets are adequate to fulfil its obligations. 

## **Structure, Governance and Management** 

## **Nature of the Governing Document and constitution of the charity** 

Gateway Vineyard Christian Fellowship (GVCF) is a Charitable Limited Company. The governing document of the charity is made up of the Articles of Association and Memorandum of Association and in its affiliation to the Association of Vineyard Churches UKI (UK and Ireland). 

## **Membership of a wider network** 

Gateway Vineyard Christian Fellowship is a Christian Church. It is a member of the Association of Vineyard Churches (Vineyard Churches UK and Ireland) from whom it receives pastoral oversight and training. More locally it is part of Vineyard Churches UK: East Anglia area. 

## **Relationships with other groups, charities and individuals** 

GVCF is a member of the Network Norwich group of local Christian Churches and organisations. GVCF is a part of the Fusion network which aims to support students during their university years. We are also part of the local New Wine Network. Locally we are part of Transforming Norwich. We have a partnership also with Hope into Action, Growbaby International and Kidsmatter. 

## **Objectives and Activities of the Charity** 

A summary of the objects of the charity as set out in its governing document is: 

- The advancement of the Christian faith including missionary activities in the UK and overseas and also including but not limited to the planting of new churches and organisation of new congregations. 

- The relief of the poor and needy. 

- The relief of the sick and elderly. 

- To promote and fulfil other such charitable objects beneficial to the community as the trustees may decide from time to time. 

The charity’s aims including the change or differences it seeks to make through its activities are as follows: 

The aim of Gateway Vineyard Christian Fellowship is to extend the Kingdom of God by inviting people into a relationship with Jesus Christ through its activities. 

We aim through our Sunday meetings, mid-week small groups, training events and other activities to bring adults, young people and children into a greater spiritual, intellectual and moral awareness and to advance the practical application of Christianity. 

We seek both to mobilise the people of God and to express the love of God to those within and outside our congregation through all of our church activities. 

Page 2 



## **Gateway Vineyard Christian Fellowship Norwich Trustees (and Directors) Report for the Year Ended 31[st] March 2023 continued** 

We seek to express the love of God especially through our food and clothing provision by relieving poverty and hardship to those accessing Growkids through self-access and those referred to us by professional organisations. Other charitable help may also be offered more directly where a need is ascertained and the resources are available. 

We expect to see people’s lives changed for the better as they experience God’s help in their daily lives and the companionship and practical help of others in our supportive groups and gatherings. 

We expect people to be better equipped in life skills though our training and education; to see marriages and parenting skills strengthened amongst all those who we encounter both within and outside the church community. 

We expect beneficial change in the lives of those both within and outside our congregation who receive practical or monetary help or gifts of food and clothing, and in the lives of those who receive help from gifts made to overseas aid and overseas mission. 

## **Summary of main activities of the charity in relation to its objects** 

The main activities that have been organised this year to further the objects of the charity have been focussed on the gathering and empowering of people coming to the church in person or online and through spiritual nurture, encouraging connection and community, education and training to enable us to live out the Christian life both for their benefit and the wider public benefit of others in Norwich, Beccles, the UK and overseas. We have continued to support people and maintain activities online as well as through in person gatherings. 

Regular leaders’ meetings, the new monthly Vineyard Leadership Essentials training, Leadership college, worship team development and Gateway Journey Courses for those new to the church and for leaders were also scheduled throughout the year to enable our leaders to become more skilled in pastoral care and oversight; to be equipped in leadership and to be better informed about the life of the church. Our training opportunities are one of the ways by which we seek to fulfil our educational objectives as a church. Daily Fuel provided a regular devotional time and connection point on week days during key times of the church calendar e.g., lent and Christmas. 

## i. Sunday Mornings 

In September 2022 we launched a new site ‘Gateway at the Chapel’. The existing congregation was named ‘Gateway Central’. In January 2023 Gateway Beccles relaunched a monthly morning and a monthly evening service. In 2022/2023 the Sunday teams have been created around these sites to support both the Sunday stream (Gateway Online) and the Sunday teams needed to grow Gateway Central and launch Sunday services at the Chapel and in Beccles. Teams included worship, production, Planet Kids, welcome, hospitality and youth. These teams enable GVCF to connect together in person and online in such a way that those who are in the church and especially our visitors from the wider community find the experience beneficial. 

## ii. Children & Family Events 

Our children’s’ programme for 0-11s is called Planet Kids. Planet Kids runs at Norwich High School for Girls school, (Gateway Central), each Sunday. Planet Kids started at Gateway at the Chapel each week from September 2022. Planet Kids started monthly in Beccles from January 2023. All in person services happen for families and the wider community on a weekly basis as well as family events at Halloween, Christmas and Easter. 

Page 3 



## **Gateway Vineyard Christian Fellowship Norwich Trustees (and Directors) Report for the Year Ended 31[st] March 2023 continued** 

## iii. Compassion 

At Christmas we partnered with the Project ‘Love Christmas’. We provided 217 bags of kindness (food, toiletries, Christmas goodies and toys) for individuals and families identified by Growkids.  Gateway nominated people and so did English Plus who work with refugees. We provided new toys so refugee families could receive a toy to give to their children at Christmas. Through our Light Up Christmas Projects we were able to distribute over 4000 pounds worth of food, clothes, vouchers and toys. We provided free clothing and equipment to 291 families (with children 0-12yrs) through our Growkids project. Food was then provided to these families when needed in crisis with support given to access longer term support. We supported 3 men through our Hope into Action House. We continued support for Kids Matter parents who had participated in our Kidsmatter courses and also ran 2 new courses. 

## iv. Life Groups 

Life groups are small relational groups that during this period met either via zoom on a weekly basis or in person. Our Life Groups provide one of the key structures of the church which enable pastoral care to be delegated to Life Group Leaders. Life groups have been a primary place for connection and community during the pandemic. In the Spring term 2023 there were over 20 such groups. New equip groups and one-off sessions started in this period. Groups are categorised as community groups, life stage groups, activity groups or courses. 

## v. The Place Drop-In Centre 

At the Place drop-in centre, we welcome people of all ages to a range of activities which promote connection, community, reducing isolation, gaining skills and life groups. The use of the Place has been increasing since the Pandemic. We were able to run the Baby café to support new parents, run connection groups in the garden and some other one-off events. The venue is been used for pastoral meetings, community lunches and community building. 

## vii. Community Events 

Our Lent Project (previously called 1000 hours/ 1000 Acts) involved various community focused projects during lent. People in the church gave time in projects and acts of kindness to the local community. Many people engaged in a wide range of acts of kindness during lent. We had 2 connect weekends with multiple opportunities to meet people and build community around different activities. 

## viii. Beccles Site 

A weekly life group has continued through the year meeting in homes. Bags of kindness were given to local identified families as part of Light Up Christmas. People in the Beccles Community have participated with Gateway Vineyard Online and supported Gateway Central at Sundays at the school and launched a monthly morning and monthly evening service since January 2023. 

## **Summary of the achievements of the charity during the year** 

During this year Gateway Vineyard has actively become a multi-site church meeting in 3 Sunday locations. Gateway at the Chapel launched in September and now has 75 adults and 25 children in regular attendance. Gateway Central now has an average of 125 adults and 60 under 18s on a Sunday. Gateway Beccles has an average of 25 attending. Online viewing has continued alongside in person services. Online average viewing of a Sunday service is 80-120. The number of children engaging in Planet Kids has increased as well as the team of volunteers who make it happen. The youth ministry has also increased. Life group engagement has continued to be an important  part of church life. We have supported more people in the local community through Growkids and Light Up Christmas. Continuing online has helped more people regularly access services. The launch of Leadership Essentials and participation in Vineyard Leadership College has been really successful. 

Page 4 



## **Gateway Vineyard Christian Fellowship Norwich Trustees (and Directors) Report for the Year Ended 31[st] March 2023 continued** 

## **The Charity’s grant making policies** 

GVCF has a general policy agreed by the trustees that 10% of the church’s income should be expended on our support for Compassion Ministries, Church planting, Overseas Mission and other mission work outside the immediate benefit of the church including a 5% gift to Vineyard Churches UK and Ireland each year. 

Food, clothing and equipment is donated from the congregation to Trowse offices collection point and stored ready to be given away. 

## **The contribution of volunteers** 

Volunteers serve in all areas of the church’s life. GVCF depends on its volunteers for its work and ministry and in this reporting year over 137 individual volunteers were working on teams on Sundays, mid week compassion ministries, small groups and in other ways. 

## **Employment of disabled persons** 

GVCF is committed to helping the employment of disabled people. We have no such staff employed at present. 

## **Financial Review** 

After much discussion, in April 2022 Meadow Way Chapel (whose Charity Commission registered name and number are Hellesdon Christian Fellowship 1144925) decided to transfer its assets and activities to GVCF.  These assets comprised cash and a property with an aggregate value of £598,000 and they are included in this year’s income.  Once this exceptional income is excluded, the accounts show that the charity’s income has increased by £77,000 to £389,000.  This increase in income was largely due to the additional income that was received from the members of Meadow Way Chapel in the period since April 2022 and to the additional grant and donation income we received this year to support our compassion projects. 

Expenditure this year increased by £114,000 to £390,000.  There were several reasons for this.  This year’s expenditure includes nearly a full year of expenditure (including property deprecation) for Meadow Way Chapel.  Staff costs have increased due to changes to the staff team over the past two years and modest increases in rates of pay.  Following the easing of pandemic restrictions in the previous year, we were able run a full calendar of in person activities and there were significant increases in most of our ministry related expenses (including venue hire for our Sunday meetings).  The funding we received this year also allowed us to spend more on our compassion projects. 

As a result the deficit for the year before the large exceptional item was £1,000 (2022: a surplus of £36,000).  The exceptional income converts this into a surplus of £597,000 and net assets have increased by this amount to £879,000.  Net assets comprise of fixed assets (principally the Meadow Way Chapel property) of £493,000, cash of £355,000 (of which £205,000 is unrestricted) and other net current assets of £31,000. 

## **Policy on reserves** 

The trustees have agreed to maintain a reserve (defined as being unrestricted net current assets) of no less than £80,000, which equates to about 3 month’s worth of budgeted expenditure for the coming year.  These reserves would help ensure that the charity could continue to operate smoothly should income fall, or expenditure increase, unexpectedly. 

At the year-end the church held a reserve of £220,000. Whilst the trustees are mindful that the charity’s income could be affected adversely by recent increases in the cost of living, the key reason for holding high reserves is for the future strategic development of the charity. A “Building Fund” bank account is maintained which holds £223,000 (£71,000 of which is restricted) for this purpose. 

Page 5 



## **Gateway Vineyard Christian Fellowship Norwich Trustees (and Directors) Report for the Year Ended 31[st] March 2023 continued** 

## **Principle Funding Sources and how expenditure in the year under review has supported the key objectives of the charity** 

The church relies upon the gifts of those who attend for its income. We have continued to maintain our infrastructure to administer, develop and facilitate the key objectives outlined above during this year. There has been increased investment in compassion. 

Gateway Vineyard, Norwich is grateful to all those providing grant income to help the charity meet its objectives including: 

- Norfolk Community Foundation 

- Norwich Freemen’s Charity 

- Hawthorne Meadow Trust 

- Church Revitalisation Trust 

- Broadland District Council 

- Hellesdon Friendship Club 

The investment policy and objectives, including the extent (if any) to which some environmental or ethical considerations are taken into account. 

The trustees seek to invest funds into savings accounts which are secure, easily accessible and give a good rate of interest whilst not compromising our Christian Faith. The trustees are advised on this by our Finance Manager. 

## **Key risks and uncertainties** 

The charity is exposed to various risks - be they operational, financial or reputational.  The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.  The trustees keep an updated Risk Log. 

## **Plans for Future Periods** 

As a Christian Church the aim of Gateway Vineyard Christian Fellowship is to extend the Kingdom of God by inviting people into a relationship with Jesus Christ through its activities.  We are hoping to grow the Vineyard communities in the 3 locations. 

We want to increase leadership training and development and grow teams to enable us to effectively operate as a multi- site church and take our plans forward. 

We want to increase the number of leaders and groups. This means we must train more life group leaders and release new groups, particularly those in person. 

We want to develop our youth ministries and appoint a youth pastor to lead this area. 

We want to continue to increase our impact and make a difference through the development of our compassion projects.  Specifically, we want to increase our Growkids provision and will start at least one more location. 

We will continue to look at future venue possibilities for Gateway Central and compassion to help facilitate growth and resource these plans well. 

We want to continue to develop new and innovative ways of engaging with people who have questions about life and spirituality. 

Page 6 



## **Gateway Vineyard Christian Fellowship Norwich Trustees (and Directors) Report for the Year Ended 31[st] March 2023 continued** 

## **Description of trustee’s activity in 2022/23** 

The trustees have overall responsibility for the governance of the charity, for ensuring that the charity complies with all relevant regulations and for setting policy.  Responsibility for the day to day operation of the charity has been delegated to a management team lead by Craig and Hannah Deal.  The trustees met 5 times during this reporting year. On each occasion the finances of the charity were reviewed and discussed as well as other GVCF business. One of these meetings was a governance review; throughout the year the trustees have sought to review and revise polices. 

Since the previous year end 4 trustees have been appointed and 3 trustees have resigned; there are currently 5 serving trustees.  New trustees are recruited and appointed by the existing trustees, by a majority vote.  New trustees receive an induction and all trustees undertake training to help them with their roles. 

A salary review was conducted by Trustees to consider the salaries of key management personnel and other staff.  Benchmarking with other, similar-sized Vineyard and other church organisations was undertaken, together with consideration of the wider renumeration and benefits available to staff. 

A cost-of-living increase to staffing salaries was then conducted separately in 2023 in response to the continued rise in the cost of living. 

## **Statement of public benefit** 

The trustees have taken due note of the Charity Commission’s guidance on public benefit, and in particular their guidance on ‘Public Benefit and the Advancement of religion’. 

The trustees are satisfied that in the reporting of its activities in this Annual Report, GVCF, in its moral, ethical and spiritual teaching and also in its events and activities and as a Christian Church, together with its doctrines and beliefs, provides a real and substantial benefit to the whole local community. 

In addition to this, all the meetings and events at GVCF are open to any and all members of the public regardless of race, wealth, gender, age, sexual orientation, disability or religious or denominational affiliation. 

All ministries of the church, as described above, are designed to be of benefit to the whole community and no exceptions are made in the provision of the church’s services to members of the general public - only providing that the legal obligations of the church are fully met and there is no risk of breaching the GVCF risk assessments, child protection or other policies designed to specifically protect the congregation and those it serves, from harm. The assessment of whether this is the case lies with the Senior Pastor or in his absence the next most senior member of the pastoral staff. 

## **Statement as to disclosure of information to the independent examiner** 

The trustees state that in so far as each of the trustees are aware at the time this report was approved: 

- There is no relevant financial information of which the examiner is unaware, and 

- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant financial information and establish that the examiner is aware of that information. 

Page 7 



## **Gateway Vineyard Christian Fellowship Norwich Trustees (and Directors) Report for the Year Ended 31[st] March 2023 continued** 

## **Statement of trustees’ responsibilities** 

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.  In preparing these financial statements, the trustees are required to: 

- Select suitable accounting policies and apply them consistently 

- Observe the methods and principles in the Charities SORP 

- Make judgements and estimates that are responsible 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 operation 

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to 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. 

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by: 

## **Andrew Wiltshire** 

……………………………………. Andrew Wiltshire, Trustee. 

Date:  15 December 2023 

Page 8 



## **INDEPENDENT EXAMINER'S REPORT** 

## **TO THE TRUSTEES OF** 

## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023 on pages 10 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 13 and 14. 

## **Responsibilities and basis of report** 

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the Company are not 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 accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner’s statement** 

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. 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 examination; or 

4. the accounts have not been prepared in accordance with the 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 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

## **Ajay Rajani** 

Ajay Rajani FCIE Stewardship 1 Lamb's Passage London EC1Y 8AB 

Date: 15 December 2023 

Page 9 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

|Note<br>**INCOME AND ENDOWMENTS FROM:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Investments<br>**Total income and endowments**<br>**EXPENDITURE ON:**<br>Charitable activities<br>5<br>**Total expenditure**<br>**Net income/(expenditure)**<br>**Transfers between funds**<br>13<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**<br>13|Unrestricted<br>Funds<br>£<br>343,367<br>15,670<br>2,105<br>361,142<br>318,374<br>318,374<br>42,767<br>(3,000)<br>39,767<br>184,315<br>224,082|Restricted<br>Funds<br>£<br>625,707<br>-<br>-<br>625,707<br>71,339<br>71,339<br>554,369<br>3,000<br>557,369<br>97,596<br>654,965|Total<br>Funds<br>2023<br>£<br>969,074<br>15,670<br>2,105<br>986,849<br>389,713<br>389,713<br>597,136<br>-<br>597,136<br>281,911<br>879,047|Total<br>Funds<br>2022<br>£<br>305,331<br>6,533<br>180|
|---|---|---|---|---|
|||||312,045|
|||||275,869|
|||||275,869|
||||||
|||||36,176<br>-|
|||||36,176<br>245,735|
|||||281,911|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing operations. 

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006. 

On 29th April 2022 Meadow Way Chapel (whose charity registered name is Hellesdon Christian Fellowship with charity registration number 1144925) transferred its activities and assets to the charity. The gift of these assets is included in this year's income and comprise cash and a property with an aggregate value of just under £598,000 (see note 3 'Donations and legacies' for further information). 

The notes on pages 13 to 19 form part of these accounts. 

Page 10 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **BALANCE SHEET** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

|Note<br>**FIXED ASSETS**<br>Tangible assets<br>7<br>**CURRENT ASSETS**<br>Stock<br>8<br>Debtors<br>9<br>Cash at bank and in hand<br>10<br>**CREDITORS: Amounts falling**<br>**due within one year**<br>11<br>**Net current assets / (liabilities)**<br>**TOTAL NET ASSETS**<br>**FUND BALANCES**<br>13<br>Unrestricted Funds<br>Restricted Funds||Unrestricted<br>General<br>Funds<br>£<br>3,772<br>-<br>32,811<br>205,085<br>237,896<br>17,586<br>220,310<br>224,082<br>224,082<br>-<br>224,082|Restricted<br>Funds<br>£<br>489,000<br>15,740<br>-<br>150,225<br>165,965<br>-<br>165,965<br>654,965<br>-<br>654,965<br>654,965|Total<br>Funds<br>2023<br>£<br>492,772<br>15,740<br>32,811<br>355,310<br>403,861<br>17,586<br>386,275<br>879,047<br>224,082<br>654,965<br>879,047|||Unrestricted<br>General<br>Funds<br>£<br>5,630<br>-<br>12,167<br>179,270<br>191,437<br>12,752<br>178,685<br>184,315<br>184,315<br>-<br>184,315|Restricted<br>Funds<br>£<br>-<br>20,003<br>-<br>77,594<br>97,596<br>-<br>97,596<br>97,596<br>-<br>97,596<br>97,596|Total<br>Funds<br>2022<br>£<br>5,630<br>20,003<br>12,167<br>256,864<br>289,034<br>12,752<br>276,281<br>281,911<br>184,315<br>97,596<br>281,911|
|---|---|---|---|---|---|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements. 

The trustees (who are the charitable company's directors for the purposes of company law) acknowledge their responsibilities for: 

- (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. 

The financial statements were approved by the Board of Trustees and were signed on its behalf by: 

## **Andrew Wiltshire** 

--------------------------------------Andrew Wiltshire 

Date: 15 December 2023 

Company number: 07165537 

The notes on pages 13 to 19 form part of these accounts. 

Charity number: 1135206 

Page 11 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **CASH FLOW STATEMENT** 

|Note<br>**Cash flows from operating activities:**<br>**_Net cash provided by/(used in) operating activities_**<br>a<br>**Cash flows from investing activities:**<br>Purchase of property, plant and equipment<br>**_Net cash provided by/(used in) investing activities_**<br>b<br>b<br>**_Change in cash and equivalents in the reporting period_**<br>**Cash and equivalents at the beginning of the year**<br>**_Cash and cash equivalents at the end of the year_**|2023<br>£<br>98,446<br>-<br>-<br>98,446<br>256,864<br>355,310|2022<br>£<br>23,574|
|---|---|---|
|||(3,066)|
|||(3,066)|
||||
|||20,508<br>236,356|
|||256,864|



An 'Analysis of changes in net debt' has not been presented because the charity does not have any borrowings. 

## **Note a: Reconciliation of net income/(expenditure) to net cash flow from operating activities** 

|**Adjustments for:**<br>Donated property<br>Depreciation charges and provisions for impairment<br>(Increase)/decrease in stocks<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>**_Net cash provided by (used in) operating activities_**<br>**Note b: Analysis of cash and cash equivalents**<br>Cash at bank with immediate access<br>**Total cash and cash equivalents**<br>**_Net income/(expenditure) for the reporting period (as per the statement of_**<br>**_financial activities)_**|2023<br>£<br>597,136<br>(495,000)<br>7,858<br>4,263<br>(20,644)<br>4,834<br>98,446<br>2022<br>£<br>355,310<br>355,310|2022<br>£<br>36,176<br>-<br>2,773<br>(20,003)<br>(2,800)<br>7,427|
|---|---|---|
|||23,574|
|||2022<br>£<br>256,864|
|||256,864|



Page 12 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **NOTES TO THE ACCOUNTS** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **1 Statutory Information** 

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page. 

## **2 Accounting Policies** 

These financial statements are prepared on a going concern basis, under the historical cost convention. 

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. 

The principles adopted in the preparation of the financial statements are set out below. 

a) Going concern The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. 

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. 

Income from donations and legacies includes: 

- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor. 

- ii) Donated assets, facilities, services and goods: 

- a) Goods donated for distribution to beneficiaries are recognised as income when receivable at fair value (being an estimate of the amount it would cost to purchase those items). When donated items are distributed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any items that have not been distributed are recognised as stock. 

- b) Fixed assets and other goods and services donated for the charity's own use are recognised as income when receivable at their value to the charity. When appropriate assets that have not been consumed by the balance sheet date are capitalised and / or valued as stock. 

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured. 

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. For the most part it comprises income from events and conferences and the letting of facilities including a sports hall. 

The charity has taken the view that it has only one charitable activity, namely the advancement of the Christian faith, and all income from donations, legacies and charitable activities is in respect of this one activity. 

## c) Expenditure 

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity. 

The cost of raising funds is not significant and has not been separately disclosed. 

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity. 

The Charities SORP requires charities with income over £500,000 to allocate costs to the various activities undertaken by the charity. The nature of the work of the [charity/church] is considered to be so integrated that the core charitable activity costs are considered to be for the one activity. 

Page 13 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **NOTES TO THE ACCOUNTS** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **2 Accounting Policies continued** 

## d) Fund accounting 

Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects. 

## e) Tangible fixed assets 

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life.  To achieve this objective the following rates of depreciation are charged: 

Freehold property Over 50 years Equipment 33% on a reducing balance basis 

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable. 

## f) Leased assets 

Leases which do not transfer substantially all the risks and rewards of ownership to the charity are classified as operating leases. Operating lease payments are recognised as an expense on a straight-line basis over the lease term (unless another systematic basis is more representative of use). 

## g) Pension scheme arrangements 

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds. 

## h) Taxation 

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income. 

## i) Critical accounting estimates and areas of judgement 

The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period. 

## **3 Donations and legacies** 

|**ations and legacies**|||
|---|---|---|
|Donations of cash and similar<br>Gift aid recoverable<br>Government grants:<br>Business and other COVID support grants<br>County council grant to support the charity's work with young families<br>Other grants<br>Donations in kind<br>Donations from Meadow Way Chapel (Hellesdon Christian Fellowship)<br>Donations of cash and similar<br>Donated property<br>**Total income from donations and legacies**|2023<br>£<br>256,355<br>40,474<br>-<br>500<br>46,965<br>26,845<br>**371,139**<br>102,935<br>495,000<br>**597,935**<br>**969,074**|2022<br>£<br>194,796<br>34,286<br>20,000<br>2,500<br>9,000<br>44,750|
|||**305,331**|
|||-<br>-|
|||**-**|
|||**305,331**|



Donations in kind comprises: 

- (a) a property donated by Meadow Way Chapel, which was valued professionally at £495,000. 

(b) donations of clothing, toys and other items with an estimated value of £26,845 (2022: £34,100) given for the charity's Growkids project.  These items were given away free of charge to help those with babies and with children up to the age of 12. 

- (c) in the previous year a grant of £10,000 (2023: £nil) given in the form of e-vouchers; these e-vouchers were given to those in need. 

- (d) in the previous year the charity received donations of items with an estimated value of £650 (2023: £nil) for Christmas hampers. Again these hampers were given away free of charge to those in need. 

Page 14 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **NOTES TO THE ACCOUNTS** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **4 Income from charitable activities** 

|Activities and events<br>Letting of facilities to benefit the local community<br>**5**<br>**Charitable expenditure**<br>**a**<br>**Costs incurred directly on specific activities**<br>Employment costs<br>Evangelism and community projects<br>Catering<br>Training and development, including conferences<br>Other ministry expenses<br>Youth and children<br>Communications, including website and promotional material<br>Rent and rates<br>Other property costs<br>Equipment - small purchases<br>Compassion ministry:<br>Money spent on helping those facing hardship<br>Distribution of donated items (see note 3)<br>Gifts and grants payable (note 5c)<br>**b**<br>**Costs incurred on support & administration**<br>Governance costs<br>Independent examiner's fee for preparing and examining the accounts<br>Other legal and professional fees<br>Office costs<br>Licences<br>Depreciation of tangible fixed assets<br>Other professional fees<br>Insurance<br>**Total expenditure**|2023<br>£<br>4,200<br>11,470<br>**15,670**<br>2023<br>£<br>178,117<br>18,108<br>12,366<br>15,860<br>2,896<br>5,534<br>9,999<br>27,355<br>21,576<br>4,957<br>12,169<br>26,845<br>21,130<br>356,912<br>3,804<br>6,240<br>10,044<br>4,883<br>1,798<br>7,858<br>3,048<br>5,170<br>32,801<br>**389,713**|2022<br>£<br>3,159<br>3,375|
|---|---|---|
|||**6,533**|
|||2022<br>£<br>150,351<br>9,356<br>4,449<br>9,220<br>2,940<br>3,706<br>5,931<br>9,664<br>8,880<br>4,836<br>5,745<br>29,010<br>14,960|
|||259,047|
|||2,376<br>-|
|||2,376<br>3,673<br>1,162<br>2,773<br>4,693<br>2,145|
|||16,822|
|||**275,869**|



In addition to the fee payable for preparing and examining the accounts, the charity paid £1,355 (2022: £1,298) to Stewardship for payroll bureau and consultancy services. 

## **c Grants payable** 

|Grants for mission<br>The comparatives for the previous year are as follows:<br>Grants for mission<br>The charity's principal grants to institutions comprised:<br>Vineyard Churches UK<br>Overseas Missionary Fellowship<br>Grants to institutions for less than £1,000 each|Institutions<br>£<br>16,240<br>Institutions<br>£<br>12,680|Individuals<br>£<br>4,890<br>Individuals<br>£<br>2,280<br>2023<br>£<br>14,100<br>1,140<br>1,000<br>16,240|2023<br>£<br>21,130|
|---|---|---|---|
||||2022<br>£<br>14,960|
||||2022<br>£<br>11,000<br>1,140<br>540|
||||12,680|



Page 15 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **NOTES TO THE ACCOUNTS** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **6 Analysis of staff costs, the cost of key management personnel and trustee remuneration** 

|**ysis of staff costs, the cost of key management personnel and trustee remuneration**|||
|---|---|---|
|Gross wages and salaries<br>Social security<br>Pension costs<br>Other employment benefits|2023<br>£<br>159,758<br>6,120<br>9,452<br>2,788<br>178,117|2022<br>£<br>135,482<br>5,035<br>6,809<br>3,025|
|||150,351|



The average monthly number of employees, including both full time and part time employees, during the year was 11 (2022: 9.8). Most of the charity's activities are carried out by volunteers. 

No staff received salaries at a rate of more than £60,000 per annum. 

The charity's key management comprise the trustees and key staff named on page 1 'Company Information'. Total employment benefits payable to key management for the year were as follows: 

|Employer<br>Wages &<br>pension<br>salaries<br>contributions<br>Trustees:<br>Craig Deal<br>44,914<br>3,144<br>Key management connected to trustees:<br>Hannah Deal<br>23,952<br>1,677<br>Other members of key management|2023<br>£<br>48,058<br>25,629<br>33,301|
|---|---|
||106,988|



The following amounts were payable in the previous year: 

|following amounts were payable in the previous year:||
|---|---|
|Employer<br>Wages &<br>pension<br>salaries<br>contributions<br>Trustees:<br>Craig Deal<br>42,775<br>2,994<br>Key management connected to trustees:<br>Hannah Deal<br>22,507<br>1,576|2022<br>£<br>45,769<br>24,083|
||69,852|



Craig and Hannah Deal served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document. 

## **7 Tangible fixed assets** 

|**Tangible fixed assets**||||
|---|---|---|---|
|Cost<br>At 1 April 2022<br>Additions<br>At 31 March 2023<br>Accumulated depreciation<br>At 1 April 2022<br>Charge for the year<br>At 31 March 2023<br>Net book value<br>At 31 March 2023<br>At 31 March 2022|Freehold<br>property<br>£<br>-<br>495,000<br>495,000<br>-<br>6,000<br>6,000<br>489,000<br>-|Fixtures,<br>fittings and<br>equipment<br>£<br>49,309<br>-<br>49,309<br>43,679<br>1,858<br>45,537<br>3,772<br>5,630|Total<br>2023<br>£<br>49,309<br>495,000|
||||544,309|
||||43,679<br>7,858|
||||51,537|
||||492,772|
||||5,630|



Freehold property comprises Meadow Way Chapel, which was donated to the charity when Hellesdon Christian Fellowship (charity number 1144925) donated its assets and activities to the charity. A professional valuation was undertaken to determine the property's fair value and this was assessed to be £495,000. 

Page 16 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **NOTES TO THE ACCOUNTS** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **8 Stock** 

|Donated clothing, toys and other items held for distribution to beneficiaries<br>Food vouchers held for distribution to beneficiaries<br>**9**<br>**Debtors**<br>Tax recoverable<br>Other debtors<br>Prepayments and accrued income<br>**10**<br>**Cash at Bank and in Hand**<br>Cash at bank with immediate access<br>**11**<br>**Creditors: liabilities falling due within one year**<br>Other creditors<br>Accruals<br>Grant obligations|2023<br>£<br>15,740<br>-<br>15,740<br>2023<br>£<br>21,200<br>2,625<br>8,986<br>32,811<br>2023<br>£<br>355,310<br>2023<br>£<br>11,656<br>3,780<br>2,150<br>17,586|2022<br>£<br>15,740<br>4,263|
|---|---|---|
|||20,003|
|||2022<br>£<br>8,111<br>1,339<br>2,717|
|||12,167|
|||2022<br>£<br>256,864|
|||2022<br>£<br>8,036<br>3,916<br>800|
|||12,752|



## **12 Pension commitments** 

During the year employer’s pension contributions totalling £9,452 (2022: £6,809) were payable to defined contribution personal pension schemes.  At the year end pension contributions totalling £2,196 (2022: £938) were owed. 

## **13 Funds** 

During the  year the movements in the charity's funds were as follows: 

|_Restricted Funds_<br>Building fund<br>Compassion fund<br>Grow kids fund<br>Older peoples fund<br>Other small funds<br>In respect of Meadow Way Chapel<br>Chapel property fund<br>Chapel repair fund<br>Employee loan fund<br>Audio visual equipment fund<br>Baptismal tank fund<br>_Unrestricted Funds_<br>_Aggregate of funds_|Opening<br>balance<br>2023<br>£<br>70,837<br>9,701<br>17,058<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>97,596<br>184,315<br>281,911|Incoming<br>resources<br>2023<br>£<br>-<br>33,012<br>36,845<br>27,504<br>1,961<br>495,000<br>10,000<br>20,000<br>450<br>935<br>625,707<br>361,142<br>986,849|Outgoing<br>resources<br>2023<br>£<br>-<br>(25,775)<br>(28,163)<br>(8,989)<br>(1,961)<br>(6,000)<br>-<br>-<br>(450)<br>-<br>(71,339)<br>(318,374)<br>(389,713)|Transfers<br>in the year<br>2023<br>£<br>-<br>-<br>-<br>3,000<br>-<br>-<br>-<br>-<br>-<br>-<br>3,000<br>(3,000)<br>-|Closing<br>balance<br>2023<br>£<br>70,837<br>16,938<br>25,740<br>21,515<br>-<br>-<br>489,000<br>10,000<br>20,000<br>-<br>935|
|---|---|---|---|---|---|
||||||654,965<br>224,082|
||||||879,047|



During the year the charity transferred £3,000 from unrestricted funds to the Older Peoples fund to top up the amount set aside for this project. 

Page 17 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **NOTES TO THE ACCOUNTS** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

## **13 Funds continued** 

In the previous year the movements in the charity's funds were as follows: 

|_Restricted Funds_<br>Building fund<br>Compassion<br>Grow kids<br>The Place<br>Overseas mission<br>Church Worker fund<br>_Unrestricted Funds_<br>_Aggregate of funds_|Opening<br>balance<br>2022<br>£<br>70,823<br>2,987<br>-<br>-<br>-<br>-<br>73,810<br>171,925<br>245,735|Incoming<br>resources<br>2022<br>£<br>14<br>21,925<br>36,600<br>413<br>660<br>1,250<br>60,862<br>251,183<br>312,045|Outgoing<br>resources<br>2022<br>£<br>-<br>(18,913)<br>(19,542)<br>(413)<br>(760)<br>(1,250)<br>(40,878)<br>(234,991)<br>(275,869)|Transfers<br>in the year<br>2022<br>£<br>-<br>3,702<br>-<br>-<br>100<br>-<br>3,802<br>(3,802)<br>-|Closing<br>balance<br>2022<br>£<br>70,837<br>9,701<br>17,058<br>-<br>-<br>-|
|---|---|---|---|---|---|
||||||97,596<br>184,315|
||||||281,911|



In the previous year the charity transferred £3,802 from unrestricted funds to restricted funds so that no restricted funds were in deficit at the year-end. 

The charity's restricted funds comprise: 

- a) The **Building fund** was created from donations received for the future purchase, development or refurbishment of buildings owned or used by the church. 

- b) The **Compassion** fund was created from grants and donations received to support a variety of projects that aim to help those facing hardship. 

- c) The **Grow kids** fund was created from donations of money and donations of clothing, toys and other items received specifically to support the charity's work with families with babies and young children 

- d) **The Place** fund was created from donations received to help support ministry in the community from a small shopfront. e) The **Overseas Mission** fund was created from donations to help support overseas mission. f) The **Church Worker** fund was created from donations received to help fund the employment of a youth worker. g) The **Older Peoples** fund was created from grants received to help support the charity's work with older people. 

The charity now also has some funds that are closely associated with Meadow Way Chapel, which are: 

- a) The **Chapel property** fund which represents the carrying value of the Meadow Way Chapel. This building was given to help continue to provide a Christian place of worship and outreach to the community in Hellesdon. 

- b) The **Chapel repair** fund was created by a donation received to help meet the cost of keeping Meadow Way Chapel in a good state of repair. 

- c) The **Employee loan** fund was a fund that the charity inherited when Meadow Way Chapel granted the cash it held to the charity. The fund was created to help provide housing to employees by way of the provision of loans to employees. 

- d) The **Audio visual equipment** fund and the **Baptismal tank** fund were also inherited from Meadow Way Chapel and were created to held fund the purchase of these items. 

## **14 Operating lease commitments** 

The charity has an operating lease for a building that it uses as a community hub. The lease for this property fell due for renewal at the year end but a new lease wasn't agreed until after the year end. The charity's contractual obligation for rent payable under the previous lease is set out below: 

|previous lease is set out below:|||
|---|---|---|
|Within one year<br>Between one and five years<br>Payments falling due:|2023<br>£<br>-<br>-<br>-|2022<br>£<br>6,600<br>-|
|||6,600|



During the year the charity was charged £6,600 (2022: £6,600) for its operating lease. 

## **15 Transactions with related parties** 

During the year the charity received donations totalling £55,023 (2022: £35,329) from related parties (which includes trustees, other key management and anyone closely connected to them). 

Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses (2022: £nil) were paid to (or for) the trustees. 

Except as disclosed in note 6 'Analysis of staff costs', there have been no other transactions with related parties during the year. 

## **16 Members** 

Each member of the company commits to contribute if the charity is wound up an amount of £1. 

Page 18 



## **GATEWAY VINEYARD CHRISTIAN FELLOWSHIP NORWICH** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES** 

## **FOR THE YEAR ENDED 31 MARCH 2023** 

|Note<br>**INCOME AND ENDOWMENTS FROM:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Investments<br>**Total income and endowments**<br>**EXPENDITURE ON:**<br>Charitable activities:<br>5<br>**Total Expenditure**<br>**Net income/(expenditure)**<br>**Transfers between funds**<br>13<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**<br>13||Unrestricted<br>Funds<br>2023<br>£<br>343,367<br>15,670<br>2,105<br>361,142<br>318,374<br>318,374<br>42,767<br>(3,000)<br>39,767<br>184,315<br>224,082|Restricted<br>Funds<br>2023<br>£<br>625,707<br>-<br>-<br>625,707<br>71,339<br>71,339<br>554,369<br>3,000<br>557,369<br>97,596<br>654,965|Total<br>Funds<br>2023<br>£<br>969,074<br>15,670<br>2,105<br>986,849<br>389,713<br>389,713<br>597,136<br>-<br>597,136<br>281,911<br>879,047|||Unrestricted<br>Funds<br>2022<br>£<br>244,483<br>6,533<br>166<br>251,183<br>234,991<br>234,991<br>16,192<br>(3,802)<br>12,390<br>171,925<br>184,315|Restricted<br>Funds<br>2022<br>£<br>60,848<br>-<br>14<br>60,862<br>40,878<br>40,878<br>19,984<br>3,802<br>23,786<br>73,810<br>97,596|Total<br>Funds<br>2022<br>£<br>305,331<br>6,533<br>180<br>312,045<br>275,869<br>275,869<br>36,176<br>-<br>36,176<br>245,735<br>281,911|
|---|---|---|---|---|---|---|---|---|---|



Page 19