ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 NETWORK VINEYARD CENTRAL IA COMPANY UhllTED BYGUAIiAMTEEI CHARITY REfysrRAT￿I No: 1139167 COWANY REfySTRATION No: 07432848 EX￿￿er5 Urwt 2 Ddling L• P018 8NF NEfwoRK VINEYARD CENTRAL IA coItPANY UMITED BYGUAAANTEEJ CONTENTS Pag8 3 Pages 4 to 6 P487 Page 8 Pages 9 Sha81 Page 10 to 18 NEfwoRK VINEYARD CENTRAL IA COMPANY LWITED BY GUARANTEE) LEGAL AND AOMINISTRATIVE IIIFORPAATION CHARrrY NUMBER 1139467 COMPANY REGISTPATION NiMIBER 07432848 DATE OF W4CORPORATION START OF FINANQAL YEAR 1siJaNwry2021 END OF FI4ANCL4L YEAR 31st Der*thr 2tr22 DIRECTORS AT 31ST DecEIIBER 2022 Mr Roknn GarfI￿r Petervles Mr Steve WLTrl8n GOVERNING DOCUM 2010 REGISTERED ADDRESS w£*Jd￿ Hil Hc4J8e Eas￿¥)urtA¥QI Earley ReadiTrJ RG61HH BANKÈRS Ba￿ayS Bank P LE8728B INDEPENDENT EXAMINER K Gthme8 lTrJepw¢lertEwnYws Ltyj Urrit2 8c6FAm P018 &NF NETWORK NINEYARD CENTRAL IA ¢c￿PANy LI￿￿ED BY GUAKANTEE> REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST DecEMBER 2022 The charity. Ntt*¢rk Wireyartl cen￿ INVCX op￿￿& uThJ6r a StrI￿￿￿e of writi￿1 ￿de￿V wD¥ided by its Senior Past£¥s aTrJ past¢fal *2fF. and o)rprrdte 9)N*mar￿ provided by Ihe trusiee$. The Senior Paslor of ih? church a(ts as thairrnan cf In￿5. The affi&aW lo Virwdrd ChLvthes UK & Irpt4rMI IVCUKII and uses fv na￿ Vir*yard' in accoryJanc* ru￿ of affifk9tr•￿. Thi5 offi1k￿￿)n does ￿)t affe£a the NVC'S dght to serf*o¥emanc* as * Indep9r￿en( w entity. Stratsw and Pol*y NVC employts a S8nky Pastsr ID W ihe in pur*Jt of its rAy(aN¢s. The Senlor Pasknr vths both stsff 8nd ￿reh fflember5 to eno)urage in Christian dwipleship. *or8*ip. evangdism. outreach and soci81 bUSt8es rwnitor the finanoal heanh of the L*atity Ihrwh re9JLryr revtr meeting5 and wtsre neL*ssary Nghlight any ar￿ of concem ty the Sethy Pastyr t9￿. revie￿ lake into a￿jnt th8 seTror pastorfs or4riry assessrr*rt pastora need$ofts thurch aTrJ t*paWty offiJnLthr¥J r•inthatives. NVC operdtss a sygwn of budgetary wltrols sgairbst and experdlure aT8 meagjreé. All phy*¢ donation ir¢L¥ne is veriw thr￿￿ a ofdual svJnabJres. The trus￿6$ are CLttrenty Salisfied blat fv (tsrity ￿ntir￿je$ to Fwfrrfm irt ￿dgetrry ¢1)r￿S have Obj￿￿.¥88 and AetivitiÈs Tf*18ade￿hP ofthe thurth is commrw to kn*>*•YJ'. 1. Furtheriry the gospel ofJesus Christa5xI *lTrra￿r9 tre K¥W)m t*GtyJ. 2. builJin9 w the ofC￿ts8n aTrJ. 3. Shovrirq ￿r￿PaSSiOn aThJ pr8¢*cal i*nL*m for VLknrable peop*. hdr4rKJ them to tecome ftx)rt iThl8pefvJent. PublK b•n•f* tDjS￿eS ha¥8 thnspJeKd ts c￿lity Commission's Gew31 Guxlanf* on PU￿1¢ Bereft and 5w)pkn)entary gwdancè on the 8dvanwr¢nt of Rdiw f¢x Ihe pubbc ben?ffl. kn eslatrAishing our aims aTrJ obie¢bve5. Our k in shanw the good w of Cthst atKI d¢TtK• of Itie Hdy S￿ffl in wr ccffimunities, ether th uur program ofacbwties set otst Thest *e av8bi bwto all arè Irte￿$18d. irr8speets.ve oftho background5 of inllividuals arnl fzmilie5 be￿fitfrc￿n Ihvn al￿ are mosuy free ¢ftharya ID the bes*fici8ries. inJste85 w￿Ve that atr*)¥e key a¢1[￿ der1￿*1[ate NVC the public ber*fft 2022 wa5 a SW Ihatwas sb"Il marked by h)sses in perswW d* ￿ the paTrJemi Gradually returned to (xThJregation thè lth"r8 of far* mask and ofvr aspe(Js of th8 paTrJemic pT￿x￿ti0naty measure& Nevertheless, here is a Kvbon of b)e dwrrh rmtinue to I￿*S￿￿n and as such, this L% row a ￿rIn￿￿ent part o¥ churth MI￿Sty. Robuiwirs Ihe Lvgrfgakn VAII iake low as tre txuldiNJ *t*re Ihe church meets 1a¢k$ v&bilrty and other ft*ar* lor rna￿C￿ ￿selY Mll 10 fowl. Withln church itsgw. thert was ￿(£¥n￿on of a neèj buklirMJ more (Mimunlty rfrestsb115hiw the tK)rxl$ of fdl¢ThYship that have been fr8¢xwed by the W peri￿ of in bthdowm. A5 a rByJlt. 8 series of after-seNi iththes planned leading up ￿ a BBQ at one of Chfistrnas ser*1￿. had ts durl impaa of rer*wn9 ￿ churth in Idkn4%hip in r(*￿￿s0fthe k)0￿r¥j foi frwd5hip arKI a iThimunity. NEfwoRK VINEYARD CENTRAL COMPANY LIMrrED BY GuAR￿EE) REPORT OF THE tNRECTORS {Con11n￿dI F¢JR THE YEAR ENDED 31ST OECEM8ER 2022 Dvjfol $6tting chwch ¢￿tinueS INtr5trpamirvJ w¥ices to IElp the pyb)n ol tsjr o)tyJrÈ￿ vkn stsl ¢anr￿ mak8 ir per5w meetin95 and to 8Npand our ￿Jtr8ath. ThÈ thurth Iws # *tbwte %Mth tyra*d knc*onalty, tmrt more Dlscipi*ship Paihwty FY Tlmugh)ut 20Y2 Kingd￿ Fi￿1 ￿￿r￿Je￿ a5 an Nthne IraNiing I￿$8. a kty IoLwthn fc< rnakiry and empow*ring distiples of Chrtst bolh ￿1n Ihg thurch aTrJ thjthraffield. Ove￿*•8 Mis￿on d)urth (xjntithjes to SLW a famtty by 8nd uni¥• fe8s 01llwtwY) chikJvL Comrnunty seTh￿e Actiths In lir* with the ovw*l ministry phiwy of ts dxvrkn o Sm￿1 wjup onto str8ets of Rtradiffj in Ih eveniTrJ to hand o(rt trB)t letyj. 148nkets. scaryes. MFirrter proteciw. and to prayforthe sx* 8ThJ ￿firrn. Children, Youth. and FamM6•8 The mirnsty to the duldrpn and ￿ was r￿brthd over ts >*8r. 81beit ￿ SUfnE dwng25 in sb3nificant pe￿n￿l. Teams aro stsu bA r*w fam￿￿$ tw 10 3llw¥l the 8TrJ ts treTrJ is Ihereforo en¢x)urauYry. Lifo Grwps Life Gftxjp mirl￿ry has C(fflbrrt￿d as ¥ mainstsy of the a means of ffffit8Ct, care. and disoFAeslxp. Comirmj out of kx*thffl. is a rrix of ￿line gtUUPs and irFperson 9foLWS. althugh the tase and availaknlity ofapplicatic*7s I￿e IL￿7 tob* Ic¢marYpeop￿. mU￿C church conbwe5 to entr)y wthip. theit b)ere have bew maTry d￿ry￿s an¢J there is seme YebuddirvJ Ihal is iaking FA￿ asts rriri5tyfP-estat4i*s rtseff. Ths *iH a feaiL*e kn>uglKxrt2023 as￿￿1. NEfwoRK VINEYARD CEKtIiAL (A COMPANY LMrrEO BYGUARANTE REPORT OF THE OIRECTORS Icontinuedl FOR THE YEAR ENDED 31ST DECEMBER 2022 HOTh Mission Jr Healiryj on the SITE¢IS urlw Ihe ￿9(￿0k a brÉ&k. Cwrenty. f(18 Pousé butwllcontinL* again afterthe brpak T￿OL￿4￿)￿ 2022. ￿ continued to offer0￿￿ Healir¥J Roo￿￿ wtr￿h refflain txlremdyKwAar Ihwt ¢)Jntknue kn be rec*iwed prayerknroWKKrt2022 ￿1(wh the HealThJ Rr*yns. manyof lh￿ ￿g￿l￿1x￿LtOL￿heS from &)d. Con¢ludiThJ Comm•nts its rngrarns such a 5ULi*S* Statement of Dlrnctors. Resw)ns*¥ifhiès Chaiitses Ad and Ihe C0rnpan￿S Ad rEqwe tt* of TrLs*es b) prepwe fir￿r￿JaI statements for each firArKial y vJhKh give a biJe and lay of the slal2 of alWaw5 of tthanty as 8t th8 of the finandal year and of Ihe suwus ortsfKitol the charity. In preparing the finantial Bo8rd ts wuired to:_ se￿￿su518b￿ ac£tyffjb"ng wlicies aThl then Zpptythem ry>nsislerty. fflakejuthJ8ments 8￿j esbff*le5that are r&i%)nab￿ pruL*nt". prnpa￿ Ihe fir*ncial SIakff￿nts on ts 9yry crn basis unkn is We￿Me thallhe d￿rity￿1￿ u)ntinuÈ In bu>ness aThJ.' state ￿ts1h$¢ apWieatrAe 3CUJuntirvJ si*thrd$ arKI $ts16m8nts ot pr8¢ti¢0 been followed. subjedto any malenal deparbJres disdosed ar¥J explai￿# ln the finanoal ststement5. Tnthes are akn rnspDn%ble fDr maintsini>YJ adequate a(*)unkng record5 disdose %*ilh rea50n¥ble accuracy 3¢ any tirne ￿ fir*ntial posibon of tre tharity and are 5ufficwt to and expbin charity's transactKins enable Il*m lo en￿1* tr41 ￿ finanoal statements roTrrAy Ihe COmpan￿S Ad 20(6 and corT¥ly ¥￿th made uTrJer ts Ctsribes A& Try also resP￿￿b￿ fcr safewafding Ihe a55ets olthe charity toasMab* st8psfc￿1￿9 rK)t kept in Rspedof St AI AW Clvxch PCC ats TtquirBd by S￿n 366 ofthe 20Cf ACL or rEquirernent that the acCOL￿ a kne fakT 1$ not a ma*tcon5idwEd as wt ofan independent exarninabm.. or 4. b)e accwrtsha¥e Mt t*en wep8red li 81xxMdaN***h arbj WKiF4es ofth• stsie)Y*nt of Retyjmrnendd Practice fw aco)unlii9 ￿ rep)rtin9 by L￿1￿0$. should draknfft n this rgportin order lo erAt4& a proper uTr*Is12r￿￿j of Ihe acixjvnlsto reath•Y. Da*.. 8.6.23 K Grffies IA4AT FCIE 1￿ep￿dentExarnIn￿ Lbj Unil 2 Delling Lane Bosham P018 8NF NEfwoRK VINEYARD CENTKAL (A COMPAJIY LMItTED BY GUARANTEEI STATalENTOF ￿NCIAL￿CTI¥mEs FOR THE YEAR ENDED 31ST DECEMBER 2022 Onr¢yptyaWng Incthmo and ExwIdi￿rn Act0￿￿) TOTAL 2021 2022 INCOkllNG RESOURCES Ir￿ornI1￿ Resource5 from Genww FwK15 Donab"0rn5 & Lega(Jos 109.565 111.913 173.182 61 639 37 64.361 64.361 42.883 Ott)ar In¢yynirg R￿0￿ 3095 7.616 TOTAL INCOMING RESOIIRCES 1987 221518 RESOURCES EXPENDED Costs of GèMr•tin9 Funds Clwritsbk 157,642 1.874 159.516 163.335 302SS 24.594 TOTAL RESOURCES EXPENOED 187.896 1,874 189.771 187.928 NET INCOMINGI IOUTfjQINGI RESOURCES {10.015) 1,112 18.9021 T(*al Funds Broj￿l Fcowd 228.318 0.722 849.040 813.451 TOTAL FUNOS CARRIED FORWARD 218.303 621￿35 840.138 849.040 Mov8m8nts on dl reser￿ ￿ al rEtwis6d pirts and l)$￿ a￿ above. Ml ol the ¢)ryanisabon's notes ￿ pages 10t0 18 f(xm partoflj￿I5r¢an(raI siaternents. NET4Th VINEYAPO CENTRAL IA COMPANY UMITED BY GUAPA14TEE) B￿Ce SHE AS AT 31ST DECEMBER 2022 Total 31-D¢¢42 31-D8c-21 Pts￿$ Funds FSx8d AS￿15 TangiN8 Assets 675.C 675.WO 678.OLK) Total TanglE￿e Aa¥ets CurrentAs8ets Debtors & Prepa￿￿nts Cash at bank and in haTrl 1a65 357.387 222.7tKI 134, 371,997 Totsi Cwr•nt A558ts 224.065 134,686 358,751 Ceedltar5: Amounts tsllin9 in on&J 5,762 16.682 17,895 NET CINiRENT ASSETS 218 336207 354,103 Long TeTh bat¥lib8S 171,169 171.169 180.063 14ET ASSETS 218 849,040 FuThJ8 ofth• ¢hwMy Gereral Funds Resthctod Fl￿dS 218,303 218.303 621,836 228.318 tr20,722 621.835 Totsl Funds 218J03 621,835 For the fir￿nCIal en¢iThJ 31 Oewmber 2022 tr* 8niiknJ 10 ex￿￿￿On fr(*D avdil und8r seclon 477 of the Cornparde5 Art 2rTh lo small comparxes. tlirectors. rewsbihtw. . The membws have nott•qu¥wI to obtwn an atsjit ofSts att¥xmts thÈ in qu8sbon in acoydar ilh sethn 476: and . Tr diredor5 ackn￿￿1e￿ge rew9￿"11treS lor with the requ￿rr￿ts of the Ac* resFed to accountng recxjrds and fv weparabon ofacwts. se finanoal ststenEnts have k¥epar>J in &¥yxd8nts Ihe ¥per4al prowiwJn5 relatiTYJ to coryan*s bpcl to ts Sm￿1 ￿￿18S Yegime thin P*1 15ofthe Cornpar￿ A￿21￿. and sig￿3 on tsirbehaff by. .Ii.l.L3 Appro¥ed Dw¢¢tors ￿ Ihe............. .. .. . S¥Jned on Ihw bthallty tirtdor.......... Printed Nam.. NETbW)RKVINEYARD CETr￿RAL (A COMPANY LthI￿ED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2tr22 I. ￿cOUl￿NG POL￿7£$ Basis of Pr•r*r•tion &As8888m¢ntof Goin9 Cort•rn 88sig of Preparation The finanaal ststements habt tttn weparnd urxJ¥ tt* c￿[ cts1￿l￿7 iterns rpo)gnised at ry)st or transaction Wal￿ unles5 Ott*r￿lS8 slated n the relevant T￿e5. The finantial siatements fAve been prepar•Y ITr accordarK* vAlh the Staten￿rit of ReComr(w￿￿I Pracbce.. AcCA￿n￿r$ and Rewbry by Ch8Tib&s prep8ring tr*ir aCCo￿ts in acmrdm tt* Financ4al Rew*"ThJ Sta￿ard ￿p11¢xl￿e in I￿ UK 8nd RePuN￿ of Ir￿and IFRS1021 lthr*ve 1 January20151- ICharibe8 SORP. FAS1021￿ Ihe char￿e5 Atl 2011. The Charity meetsthe defir￿ON ofa wbhc uTrJer FRS11Tr. Ass•ts liatslthts aro in1bal￿ recowised Aws¥m¢rrtofGoing C•n¢•m P￿paratItin of Ihe accrwts 1$ ¢)n a gxvJ [￿rKern téss. The U44t Ilwe aro no mater41 uncertaiths about Ihe Chaws ab4tyto conbnfft as a y￿r￿j (*rrf*m. In¢omin9 R¢sources Thesa are indLtyJe¢ in Ihe StaternentolFinaDcial k4i¥thS ISOFAl*then.' . the charity bectrnes 10 the festyjr￿.' . ihe Qlirectors a￿ virtu¥Jty (¥lain tTrwY•il recewe rewjrces.. . the monetary value can be rnÈa>Jred ￿1th sufficient rdth" related eypen¢thlure are reporw tt* SOF Grants and Dcwbons wr• In the SOFA tt)B dwty h8S to ty Tax Reclaims on DoNtions a￿￿GiftS Irmning reSoUr￿S frcffj tax ar¥ Ihe SOFA in the Sal￿ firwK4"al ￿ a5 ￿ gift trj IJ reL3te. Conlrnctu¥llncome •rtlPwfornJance Rdated isonlyinduded in SOFA the rdaled gwd5 LYserwt*s has been des￿red. Grfts in ￿nd Gits in kind are aceowieLI for ai a reason8tle estimate of bknr ￿ue to d• or ts ￿unt ffjalis￿. Gifts In kind for sak or ttLslributK•ll we iTh9￿Je￿ in tr* as étsiributgj ty the charfty. Gffts in kind for use bythe d•are induded in Iha SOFAas Ir(￿ry resources kn ￿￿￿¥bIe. Donated Servw •ndFath￿t*S Tf*s¢ a￿ only1nd￿￿ed In i￿￿￿1n9 rE￿lIn￿S Iwilh an equivalefttarnD￿rt in resour￿ eyndedlvthere Ih? to the d*rity is reasonabty qu*itifiable. rrtawrab￿ ark% maknal. The F￿aL￿ on resour￿5 is the e5trnated value to lh8 chartyof the faoltyTerw•J. Volunt¢¢rH¢lp The value of any vdurAary Wp recw8d ts Th)t in the accounts is dewb￿ in ts Diredof5' annual io NeTIVORK VINEYARD CENTRAL IA COMPANY UMITED 8Y GUARAPITEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 1. ACCOUNTING POUCES ICOrrtin￿￿¥ This is 1ndL￿ed ni tha 8cc4xJnts receivat48. Inv•sbl￿nt GBin* andLoss•s Trs i￿luded any g*n or ￿55 rn Ihe s* 01 aThJ IDs5 from reTrralLiNJ in¥95trnerts te martèl value atlhe end oflts lear. Expondftwe and Lmbilibes Llabllity Rtr¢o9nllw Liaixltss are reo)wised as as lTrwe 15 a W or (¥)mrnitbno the th8rty to pay *Xrt of any legal adwce lo Direc￿$ on WVernan￿ or (￿stsb￿b￿￿a1 maltef5. Where Ihe ctrority sives a gant cfftyioorts for its pa￿1 a S￿￿￿¢ thl ol S￿1¢* or ow 10 be provided. grants arE onty reu)gnis8d in ￿ SCFA I￿>p￿t of th8 ￿ant has pThid•Y ts SP8faf*d se￿<* ¢rfrt)uL Ttr*8e are On￿ rÈwni£ed in ￿ accounts %then a h85 been made theTe are rwj c(ftlltiofts ￿ be rnet relating lo a rerrban ir• rArlrc4 ollt* d*¥ity. Support wsts in￿￿e Centr￿ and have alloLaled to a<*vitycost Catefft￿ a bas￿ ￿1th use of ts reS0w￿$, e.g. alocaliry Fwop8rty¢c6ts by per caplts. Sbff rx)s15 by the SFenl and other costs by theiru5age. In￿$￿￿ents assets are incl￿e￿ al Dirt￿D￿. besteslwnatÈof markei valL*. by c¥)mpany to the fund in r8sr*d of tr* fi￿r￿la1 period. P8r6iM ¢lx)trknknns are rtharyd t¢ Ststernent ol Fin8noal kbyitss as Ihey berome payabl The eharity is exerytfrDm tsx on Is th¥r*ab￿ athi Leyl st•￿$ oltho Charity The chanty Is a o)mpany Iimi*d bygJar*e ha5 c¥rfal. event of tt)e thartty M)ut￿ u liability in respect of the gu¥*rtee i* to£t per n*mber of Ihe itsrity. Fixed T•nglbk Ass•ts 11 is ￿ wlicy of the ch￿l18b18 o)mpany to off of smal asset ￿￿Sl￿8nts crf acquisib¢n coststy less Ihan £1.5C￿. These are btsyitten ofl in the ￿ar of wrr*8se. TW WÈ #t rAsl or. rf 9ft8d. at tt* to Ihe ¢haritaNe company M rec*pL No depreciation is charged lo freeh)￿ as the 1$ >Jth a slwdard that ts 88timatéd re$￿U*l value r6 notkss than the On9n￿ COSL NEfwoRK V114EYARD CEl￿RAL IA COMPANY LNrrED BYGUAKANTEEI NOTESTO THE FINANCIAL STATE¥ENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 2.TANGIBLE FIXED ASSETS Ltyr￿ & Ger*rnl Mwitws Equprw)t 2022 Cost AthYit*Jns C05t at 01th-22 675.C 675.C 31-Dec-22 675.0 675.IKKI 01-Jtr22 Charge DePreGati￿ at Net Book VahJ8 314)￿22 675,000 675 000 Net Boc*Value 314kts21 675.0 31st D&￿rnber 2022". See Noie 9ofthe Rerorts & Finanual ststsmerts. 31st Dec*mber 2021 . See Note 9oftt* Re[￿5 & FwrAal Slatetn above LorKI & BtIldin￿ ha¥t fuTrJed by a Se￿nd t8k8n wt ￿th Lb>*s Bank PIC and 15 securert ihe freefrnld k¥4)tsrty atwoodley Hill HrAv. Eastixjurt A*nu&, E￿ty, Reading RG6 1HH. The interest rdte in(￿￿ett on tre kjan is 3.20% abo¥e ￿ Base Rate is uwrenty set at 0.50%. The loan commentsd the 27th De￿nber 2013 aTrJ rs pa￿e in Ihree hurKlr*l montNy irtslabnents VA fn81 Irwalrr￿I aTrJ I￿&tOn offv k)an taki￿ F*e cffj the 2Th De¢emt*r2038. 12 NEfwoRK MWEYARD CENTRAL IA COMPANY LMIryED BY GUARANTEEI NOTES TO THE FINANCLIL STATEMENTS I¢oMirtL*dJ FOR THE YEAR ENDED 31ST DECEMBER 2022 INCOMING RESOURCES F￿d5 2022 al D•kwkn￿ a L•ga¢i•s GS1ts. T(Ihes & Offwings Irtr>Jme Tax Re(x)vered 91.916 17.649 2,039 93. 17.957 146,328 26.853 111 13 bl1rtSWIm•rtl￿Qrn* 81 37 71x1 )Advlt*¥ fry G¢rwtkng Funds W¢odley Htl H¢) 64A81 64.361 42.683 64.361 dl Oth•r In¢•miny Rèsou Semces SL¥hYry IrKow 1.W24 2.071 1.824 2.071 1,810 5.781 3.895 13 NEfwoRK VINEYARD CENTRAL IA COMPANY LIMITED 8Y GUAIiAtrITEEI HOTES TO THE RNANCW STATEME1￿s l¢tsntOnu•d) FOR THE YEAR ENDeo 31ST DECEMBER 2022 RESOURCES EXPENDED TOTAL 2022 TOTAL 2021 Fund5 al Charitsbh knb¥ib Admin￿tra￿Va ExFerws Advewtising & Publioty Budding FuThY Experws Butlding Repair3 & Maintsron(£ Buléing Runni￿ Co Conference & Costs Disciptashlp Cos EwarWL8m & Outreath Gifts & Donalc Ministy Costs Rènt & Rates Stsff Costs Sundry Eyprtses 1256 1256 2.553 5,970 870 20,498 18,365 1.227 1.134 285 43.620 3.630 28 43.620 3.630 928 6.382 1.602 4.823 83.1Wd 7.386 1.6 4.823 83.3WJ 1.814 99,554 2.588 19 1m4 159.516 163,335 bl Gowrnance Costs Bank & W)rlW In*rgsr Inde￿d￿nIExarnIr￿r5 Fe Inswan¢x Costs Legal & profe￿￿1 Foes 9.100 1,560 5,018 14.5TT 9.1 7,084 1.560 4.300 11,650 5.018 14377 30.255 24.594 14 NEfwoRK VINEYARD CEKfRAL COMPANY LIMrrED ey GUARAMTEE) NOTES TO THE FINANc￿L STATEMEMTS Iconunuod) FOR THE YEAR EI4DED 31ST DECEIIBER 2022 S. RE5rnCTED FUND$ CURRÉNT FINANCIAL YEAR Ball￿* CAF ButkJiTrJ FuTrl Kenyan FuThl *rcy Mission Fund Love Your Buildirg Fund Y(HJth Trdwrt 165.857 215 101 1197 289 710 168,054 1294 1,n8 t3.413 870 13.413 182.072 3.176 183 374 PREVIOUS FINANCIAL YEAR 01thTr21 Itvrn Tra￿fer$ 31￿¢c.21 CAF 8uilYing F￿j Chiklren's K¢ker1￿bSite Kenyan Fund VÈTCY MissM Fmd YrAJlh Traw 163mO 1,472 2.037 165.857 101 215 1.472 163 6* 13.413 13.413 181.34S 2.895 182.072 Thg Building Fund retstss to gMThJ a pemwrw* l)r Nets￿￿{ Central in the Re*Jing Area. Th K•ny4n •) *Jw)rt ihe•ducJbDn of&&dren in Sxthm *MI Ea*rn Afrifa. Love Your Bujkllng Fund is a fLv¥J Ihal Is exlJa Ihal is for donakns. Thè Youth Trnn¥port Fund 15 fc¢ Ihe wrc*8se 018 n*Thiw5 to WOVKle barwxt kn events, rnEetng5 and oth8r actmbes rekt£d to and in support ofNetsth Wir*rdrd cén1￿r$y0UIh ff*nisty. The resththd fvnds are reFNe￿Ie￿ by Ch*s c4sh rese￿$ and fiwl a558ts irwestments 8re to b0 eXpeThj￿ as above. 13 NETWORK WNEYARD CENfiiAL IA COMPANY ￿M￿ED BYGUAKANTEEI NOTES TO THE FINANCIAL STATEMEFITS {continvBdl FOR THE YEAR ENDED 31ST DECEMBER 2022 6. CASH AT BANK AND IN HAND FLfftd Fund 31-Dx-22 31-D￿21 Cash at Ba￿ aThJ In HaTrJ 222.7(Q 134. 357J87 371.997 222.700 7. OEBTORS & PREPAYMEKrs Totsl 31￿leG.22 31￿21 Fund Fthl Stmdry DebtOT5 1,365 . ¢REDifoRS & ACCRUALS Totsl 314)ec-22 31-D•¢-21 P￿j FLmd Crvditors Ir￿ePendent Examlners Fe* Sundry c￿ditorS Woodley Hill Kknrtw. 4202 375 16.682 16.6K2 15. 5.762 17.895 Y. CREDITORS.. AMOUNTS FALUMG DUE 111 MORETHAN ONE YEAR Total 31-OeG.22 31-D•c41 Fu￿1 F￿d Woodley Hill How Mortga 171.169 171.169 180.C63 171.169 171.169 The above kjaa Ios t*en Uo)th B** W¢ and is seored on thJ fr8eh)id at Woodey Hill House. East cwrt A¥enuÈ. E*l8y. Readiry RG6 1HH. The intsrest r*8 iwrred w the sewre(I IDan is 320% above Ihe Base Rate which offtnty s81 * 0.50%. The loan comfflen￿ on the 271h D￿r￿)er 2013 and is paYa￿e in IhrBe hU￿1T8¢ morthty Ir￿￿1￿*nts knllh final ￿tyment (*mpbats"oTh ol the loan tsknng pL4r* w tho 271h Dettmt¢r2038. 16 NEfwoRK VINEYARD CEpifRAL COMPANY UMifED BY GUARANTEEI NOTES TOTHE FINANCIAL STATEMENTS l¢on¢inued) FOR THE YEAR ENDED 31ST DECEMBER 2022 10. STAFF COSTS AND NUIABERS 2022 20 Gress Wa&*$ and Sal*i8s EmpWf5 NaiKro1 1rtsur8r￿ Costs 70.842 7.391 7.9J1 Av¢rage roJmt4rofer(ykJ>*esfDrts* ywr 2021 TOTAL ToT￿L Charity ¢)perales a PAYE soleffle pay aH 8ry*4ed of staff rx> EmpW8s fef*Ned emOlUr￿ts ofow£60.C#)). B021.'NMel 11. RECONCILL4nON OF MOVEMENTON CAPfTAL AND RESERVES ThB Company ￿mItsd by Guarantee 1074326481 and b a Ctsrity Ihe Chanty Cc¥mmkntyJn 111394671 arKI does lovtsa Share rarth and has w in)me ￿tIe¢l to Corpotath)n Tax. 2022 20 Profftl Deficit for ts finantsal other Rerngru5ed G*"ns 18.9J21 Fowr 813.451 Ckjgng F￿￿5 at 31st De¢an￿r2￿ 840.138 849.040 17 NEfwoRK VSNEYARD CENTRAL IA COMPANY uMrrED BY GUARANTEE) MOTES TO THE FINANCIAL STATEMENTS l¢ontinuedl FOR THE YEAR ENDED 31ST DECEMBER 2022 12. DIRECTORS AND OTHER RELATED PARTIES During tl* fina￿al year D*edor Mr Rotsn Garfiw received £50.83612021..£SO.8441 in salary related payrnents and £4.06612021..£4.0871 PertsKn in capaciiya5 S**or Pastor of Neb4#Jlt Ifward Central Wi fLtheranrAry ofthe Charitawe obpds. 13. FUSK ASSESSMENT Dwact￿5 aGtSTfy reTrri** Ma￿)r rfsks thrity fac6s on a ba%$ and telieve knol rrointsw)Ir the free reserves slated. ￿bined ￿lIh rBview tsf Ihe controls over key finanoal systems iarried out on an annu￿ basis VAII wovvje suffji>ent re>)ur￿5 esEnl of corKs￿￿$. Th8 Diredr45 have alSD examinÈd othw operatKnal and risks o)nfirn lJ*t ijw fove eslat4L5hed sfftm$ mitigate Ihe ￿niT￿antri5ks. 14. RESERVES poucy DrerAor5 have otr*dered the W of I￿erveS ret•n. apwqxiale 10 the ch8rity15 needs. Thts i¥ ba￿ on the thanvs &ze and I1* ￿ of finJKial cxmnrn1bT￿lS ￿￿1. The direL*ors wm to ensure the tharity bwll expendilure. Tr LlirP(aOts￿ eThje8￿rrntt0 seia¥4de knys unrtt*wnly. 15. PUBLIC BENEFtr The Cha¢ity acantythge5 ￿qU￿¢Ment b d&mc￿ra￿ tharty tr￿t it must have tharibble WTPOWd or'wrns. Ihai are for the public ber￿ft Detsils of L*arfty 8chwved Ihis art wowde¢ in the Trustees ffjport The TnjSte￿ con*mi that t￿Y have paKa dl￿ wrd to Ihe Chaty Cimmisgm guhJarKe w wJtAi¢ b&n8fft 18