# **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** # **NETWORK VINEYARD CENTRAL** **(A COMPANY LIMITED BY GUARANTEE)** **CHARITY REGISTRATION No: 1139467** **COMPANY REGISTRATION No: 07432848** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Basham P018 8NF 1 NETWORK VINEYARD CENTRAL IA COMPANY LIMITED BY GUARANTEEI CONTENTS Page 3 Legal & Administrative Information Pages 4 to 6 Director5. Annual Report Page 7 Independent Examiners Rewrt Page 8 Statèmèni ol Financial AcIfvi￿eS Pages g Balance Sheet Page 10 to 16 Noies lo the Financial Statemen15 NEfwoRK VINEYARD CENTRAL IA COMPANY LIMrrED BY GUARANTEEI LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER 1139467 COMPANY REGISTRATION NUMBER 07432848 DATE OF INCORPORATION 8th November 2010 START OF FINANCIAL YEAR 1st January 2023 END OF FINANCIAL YEAR 31st December 2023 DIRECTORS AT 31ST DECEMBER 2023 Mr Robin Gardiner Mr Peter Viles Mr Marco Lima De Barros Mr Steve Blunden GOVERNING DOCUMENT Mernorandurn and Articles of Association incorwrated 8th November 2010 REGISTERED ADDRESS Woodley Hill House Easicoun Avenue Earley Reacsing RG6 IHH BANKÉRS Barclays Bank Plc. Leicesrer Le1C&ste￿hIre LE87 2B8 INDEPENDÉNT EXAMINER K Gomes Independent Examiners Ltd Unit2 The 8roadbridge Business Centre Delling Lane Bosham P018 8NF NETWORK VIP4EYARD CENTRAL IA COMPANY LIMITED BY GUARANTEE) REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST DECEMBER 2023 Organlsatlonal Structure The charity. Nemork Vineydrd Central INVCI, operate5 under a s1w￿Ure of spiritual leadershlp provided by its Sensor Pasiors and pasioral staff, and corporate governance provided by the trustees. The Senlor Pa5tOT of the church ac15 as Ihe Chairman of trustees. The church is affiliated to Vineyard Churche5 UK & Ireland (VCUKII and uses the name 'Mrteyard' in accordance ￿th the rules of affiliation. Thi5 affilialion doe5 not affect the NVC'S right ￿ self-oovemance as an independent legal entity. Strategy and Pollcy NVC employs a Senior Pastor 10 lead the church in Ihe pursuii of its objeciives. The Senlor Pastor works bvilh both staff and church members lo encouraue growlh in Christian discipleship. worship. evangelism, outrea¢h and Social concern, The trustees monitor the linancial hehllh ol the charity Ihfough reoular budgetsry revlew meeting5 and ¥there necessary hiahliohi any areas of concern 10 Ihe Senior Pasior fram. These reviews lake into account Ihe senior pa$lor's ongolng assessment ol the pastoral needs of the church ar￿ the capabilty of fundiro new iniiiaiives. NVC operate5 a System ol budgetary controls against which Income and expenditure are measurett. All physical dDndtlon Income is verilled through a system of dual signatures. The trustees are currently satisfied thai the charlty continues to perform In Ilne I￿¢h Its budgetary controls and have taken proportionate action where rlsks have been i(Jeniifiett. Oblecth$ and Act￿btle• The leadership ol the church Is commined10 Ihe followlng., I, Furtherlng the gospel of Jesu5 Christ and advanclng the KirvJdom of God. 2, Building up the lailh of Christian believers and. 3, Sho%%lng compa5slon and pracllcal co￿rn forvulnerable people, helplng them lo becoTr* more independent. PLrblSc benelll The Iru51ee5 have considered the Charity Commlsslon's General Guidance Public Benelii antt supplementary ouldance on the advancement of Religion IOT the public benefll, when establishlno our aiws and objeciives. Our work in sharinu I good new5 of Jesu5 Christ and demonsirailnp Ihe power of the Holy Spirii in our comrnuniiies. together Wllh our program ol aciivilies sei oui below. These are avallable io all who are interested, irre5peclwe ol the backgrounds ol the Individuals and familles %%tto benefil trom them aN1 are mosly t￿e ol charge to the beneficiarles. The trustees belleve that above key activities demonstr￿e the ways in wh¢h NVC 15 sa115￿.n9 the publlc benelll tesi. Revlew of Curyent Act￿111¢$ In 2023 Ihe Church wa5 conliriulng to con501idaie after the IUTmoil Df lockdown and Ihe pandemic. The comrnunity lunches coniinue lo help build and deepen 1riend5hip5. There h85 been an expanslon of ministry Iraining with Ihe sian of Saiur(Jay mornlno ¢oaEhing and training in Deliverance. which has been exiremely popular. Thp church has coniinued 10 gain reputation as a leader in the Healing and Deliverance [￿Id. This repuiaiion has been enhanced Ihrough the God Is Supernatural" broadc85t on M8la weekly and fortnighlly On UGN JAMZ. a $mzll. Chrk81ian intemet radio slalion. NETWORK VINEYARD CENTRAL IA COMPANY LIMITED BY GUARANTEEI REPORT OF THE DIRECTORS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023 Dlgltal Setting The church coniinues Iwe-slreaming its semces to help the portion of our corvJregalion who still cannot make in-person meeiinos and ￿ expand our outreath. sireamino takes place on Meta. The church also broadcasts il'$ show tsod Is Supernatural" on Meta and UGN JAMZ. a Small Christian Inleinei radio station. Discipleship Pathway (Kingdom First) Throughout 2023Kingdom First continued as an online training course. 11 remains a key founddtyon lor making and empowering disciple5 of Christ both wthin Ihe Church and further afield. Overseas Mlsslon The church v40und down its support lor Ihe missiorwy larnily in Zlmbthe handed over Ihe responsibility io Individuals who can maintain Ihe relauonal Ilnks. Chlldren, Youth, and Famllles The ministry ID the children and youth w8s amono the minlsiTies thai have experienced ¢on$olldaiion and gromh over the year as famllies have reiumed le Ihe church. The Irend coniinues 10 be encouraolnp. Lbfe GTOUPS The Life Group minisiry has continued as a malnsw of the church, provldlng a means ol contact, care. and dlsclpleshlp. Group5 are a mixture of prSmarlW Spirltual Growih groups, In.person home groups and some actlvlty groups like craft and gaming groups. Mu$lc The church ¢oniinue5 to enjoy wonderful worship, il is in a place ol stability which provides a fOu￿JaIl0￿ lor growth through 2023 under ihe very able lea(Jership of OUT worship pastor. Home Mlsslon Our Heallno on Ihe streets ministry was recornmenced ai the beginnlng of the year wnh renewed v￿oUr and expeciailon and there have been many slgnlficani prayer encountsrs throughoui Ihe year. Onllne Heallng Rooms and HeaTln9 from Heaven Throughout 2023, we continued io oller Online Healing Roorns which remain exiremely popular,. there continue lo be rnany won(Jertul healings, encouragements, and Ireedorn from bondage experienced. Due w Iheir popularity, we have Increased the number of monthly appoinimenis Irom 8 10 L2. streei Mlnlstry In ihe Evenlng In line with the overall minlsiry philosophy ol Ihe church, a small group goes out onio the streets ol Readlng in Ihe eveninu lo hand out hol food. blanket5, scaNes. and ￿nter protection. and 10 pray for the sick and Infirm. There have been many wonderful prayer encounters that have taken place with the ministry team 5eeiny healings and freedom being experienced. Thi5 has continued lo be supported by a small but dedicated team. Other Developments 2023 exposed the church to difficulties caused by the Cost ol I￿ng crisls., ownlng a buik1ing that Is in constant use also means a ¢Dnstani draw on energy and wer. The tru51ee5 therefore decided lo speak to a large donor to Ihe bullttlno fu￿ 10 requesi the release of Ihe dona¢ion Carry out measures io proieci ihe church from the increases in power bills. Permi55i0n wa5 granted and a lar9e 501ar installation ha5 been installed on IDcaiion, a job that also required the renewal ol the roof of one ol the outbuildings. The work has been completed., consequeniw, the church now benelils fTom significantly reduced utility bill5. During IhE week, Ihe main church bulldlng coniinues io be slgnificantly used by Ac1Th1￿e College and other users, which benefits the wider community. ConGluding Comments The Trus￿e5 acknowledge with 9raieful thanks Ihe lime gwen by Ihe siaff an(J volunteers who make Ihe church and its prograrns such a success. NETWORK VINEYARD CENTRAL (A COMPANY LIMITED BY GUARANTEE) REPORT OF ThE DIRECTORS ICoThtinuedl FOR THE YEAR ENDED 31ST DECEMBER 2023 statement of Dlrectors. Responsibllitles The Charitie5 Acl and the Cotnpanies Act require the BoaTd of Trustees to prepare fi'nancial slaiernents for each flnancial year which gwe a true and lair view ol the slate ol affairs of the charity as al the end ol the financial year and ol Ihe surplu5 or delicil ol Ihe charity. In preparinu the linan¢ial Statements Ihe Boaros is required to select 5uilable accountlno policies anLI then apply them consisienlw,. rnake judgements and esiimaies thai are reasonable and prudeni., prepare the financial 51atetnents the goirvJ concern ba5L% unless it is inappropriate ￿ Presume thai the charitywill continue in busine55 and., slate whether applicable accountin9 5tandard5 and statements of recommended prauice have been lollowed, subject to any material departures disclosed explained in the linancial swiements. The Trusiees are also responsible lor maintaining a(Jequaie accounting records whlch dlsclose wllh ￿aSOnable accuraty ai any lime the Iinancial position ol the chaiity and which are sufficieni 10 show and explaln Ihe charity5 Iran5aclion5 and enable Ihern lo ensure Ihai Ihe financial 5talemenls compty wilh the Companies Aci 2006 &nd tomply wlth reuulaiions made under the Charitie5 Act, They are also responsible lor Safeguarding the assets ol the ¢harity and hence for iaking rea50nable slep5 for the prevention and detection of Iraud and other Irregulariiles. The Iruslees are a150 responsible lor the CDnlen15 01 Ihe Iruslees. report. and ihe responslbllSty of the Independeni examiner in relation lo Ihe Iru5tee5' report is limited lo examining the report and ensuring Ihat on ihe lace of the report, there are no ir￿onsi5tencieS with ihe l￿dureS disclosed In Ihe Iinancial skiements. These a¢cDunts have been prepared In &teordance wllh the pro￿510n5 applicable to companles $uble¢i 10 smail companies reoime. l approve the attached statement of financlal actlvliies and balance sheet for the year ended 315t December 2023 and conlirm Ihai I have rnade available all Information necessary for IIS PTeparaiion. Approvéd by tho Dlrnctors on the..... S*ned on Ihelr behA11 by Dirn¢t¢r..... Pnnied Name.. /Lr)I¥N I M 4AthINIL INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the Trustees of NeMork Vineyard Central on the accounts for the year erKled 31st December 2023 set out on pages 8 10 16. Respective responsibilities of trustees arbd examiner The Charitys ItU51ees (who are a150 the direciots ofthe company for the purposes of company lawl are responsible for the preparation of the accounts in accordantt wrth the requirements ofthe Companie5 AGt 20061'the 2006 A¢t'i. Having satisfied myself that the accounts of Neiwork Wineyard are not required to be audited under Part 16 of Ihe 2006 A¢1 and are Eligible for independent examination, I report in respe￿ of my examination of your charity's accounts a5 carried out under section 145 of the Charities Act 20111'th8 2011 Act'l. In carrying out my examination I have followed the Directions gnien by Ihe Charity Commission under seuion 14515llbl of ihe 2011 Act. Indepandent exam1￿￿8 statsment I have cotnpleted tny exatnination. l confirm Ihat no matters have come to my aneniion in ¢onnecDon with the examination giving me cause to believe.. accounting record5 were not kept in accordance with sectlon 386 of the Companles Act 2006; or the accounts do not accord wlth such records,. or the accounts do not comply with relevant accounting requirements under sectlon 396 of the Companles Act 2006 other than any requirernent thèt the accounts glve a 'twe and fall view which is not a matter considered as part of an independent examination,. or . the accounts hav8 not been prepared in accordance with the methods and prinGipks of Ihe Stslemenl of Re¢ommended Praclice for accouniinll and reportsng by charities. I have no concerns anLI have COTne acrvss no other malters in tonneetion with the Èxaminaiion 10 which attention should be drawn in this report in Order to enable a proper undÈrstan(Jing ofihe accounts to be reached. Signed Date". 23.7.24 K Gomes MAAT FCIE Independent Examiners Lld Unit 2 The Broadbridge Business Centre Delling Lane Bosham POI8 8NF NEfwoRK VINEYARO CENTrAL IA COMPANY UMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31ST DECEMBER 2023 UnGorporatlng Income and Exptndlture Account) Unrestri¢ted Restricted Fund5 FuTrls TOTAL 2023 TOTAL 2022 Notes INCOMING RESOURCES Incoming Resources from Generated Funds Donations & Leoacles 82,819 703 83,522 111.913 Inveslrnent5 Incorne 3b 1,671 554 2,225 70J A¢￿￿ties for Generaiing Funds 124.368 124,368 64,361 Olher Incorniw Resource5 3d 2,995 280 3,275 3,e95 TOTAL INCOMING RESOVRCES 211,853 1,537 213.3WJ IBO,869 RESOURCES EXPENDEO Costs of Generatlng Funds Charliable Aclvilles 174,140 55,758 229,898 159.516 Governance Costs 40,028 40,028 30.255 TOTAL RESOURCES EXPENDEO 214,169 55,758 Z69,927 189,771 NET INCOMINGI IOUTGOINGI RESOURCES 12,3161 ($4,221) (56,53n 18,9021 Transfers Be￿rten Funtls 24.078 24.078 Total Fund5 Bioughl ForwBrd 218,303 621.835 840,138 849,040 TOTAL FUNDS CARRIED FORWARD 191,910 591.692 783,601 840,138 Movements on all reseFves and all recoonlsed oains and105ses are shoym above. All ol Ihe orllanlsaiion's operations a classe(J as coniinuino. The notes Dn papes 10 to 16 fom) part of Ihese financial staternent5. ## **NETWORK VINEY ARD CENTRAL** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **BALANCE SHEET AS AT 31ST DECEMBER 2023** |**Note**
**Fixed Assets**
Tangible Assets
**2**
**Total Fixed Tangible Assets**
**current Assets**
Debtors & Prepayments
**7**
Cash at bank and in hand
**6**
**Total Current Assets**
**Creditors:**Amounts falling due in one year
**8**
**NET CURRENT ASSETS**
Long Term Liabilities
**9**
**NET ASSETS**
**Funds of the Charity**
General Funds
Restricted Funds
**5**
**Total Funds**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-23**
**31-Dec-22**
**£**
**£**
**£**
**£**
1,328
675,000
676,328
675,000
**1,328**
**675,000**
**676,328**
**675,000**| |---|---| ||23,584
23,584
1,365
169,960
98,269
268,229
357,387| ||**193,545**
**98,269**
**291,813**
**358,751**
2,963
20,649
23,612
22,444| ||**190,581**
**77,620**
**268,201**
**336,307**| ||160,928
160,928
171,169
**191,909**
**591,692**
**783,601**
**840,138**
191,910
191,910
218,303
591,692
591,693
621,835| ||**191,910**
**591,692**
**783,601**
**840,138**| ## **Directors' Responsibilities:** For the financial year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 8 to 16 were approved by the trustees, and authorised for issue on ..... .......... and signed on their behalf by: Approved by the Directors on the ... **l.(� .. .. �-6-. ½.[¼: ]** Signed on their behalf by Director .... M� .. �- ... � ............................................ . Printed Name: _�()�I"-'_ ---;:JM �;1ltrNfil/4._ 9 NETWORK VINEYARD CENTRAL IA COMPANY LIMITED BY GUARAMfEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EhlDED 31ST DECEMBER 2023 L ACCOUNTING POLICIES Basls of Preparatlon & Assessment ol Golng Concern Basls of Preparatlon The financial siatements have been prepared undef the historical cost conveniion Mlh i*ms recogni5ed at C05t or transaciion value unless Olhewse siatsd In the ￿levant no*s. The linancial 51atemen15 have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing iheir accounts in accordance the Financial Reportinp Stand8rd applicable In Ihe UK and Republlc of Irela[￿ IFRS102) letteciive l January 20151- Ichariiies SORP- FRS1021 and the Charities Aci 2011. The Charity meets the (lefinit￿on ol a publi¢ benefri entlty unLler FRS102, Assets and liabilities are iniiidly recoonised ai hlsioiical cost unless othenthse slated in relevant accounlinu PDlicy ￿oleS. Assessment ol Golng Concem Preparaiion ol Ihe accounts is on a goinp ¢on¢ern basls. The Irusiees conslder that there are no mBlerial uncertalnt￿S about the Charity'g ability lo continue as 8 going Can￿rn. In¢omlng Resour¢•s Recognltlon of Incomlng Resources These are included in Ihe Slalemenl of Financial Act￿hleS ISOFAI when.. . the charty b•com88 enlilled lo the resources., . the Diroctors ara virtualty certaln théy wll raceive th¢ r4$¢ur¢41', •nd . the monel•ry v•luo bo measurfd With $ufflcient reliability Incomlny Resources wllh RelatedExpendltur• Where incomina resources have related expenditure las wilh fundralslng or Contract IncDrnel the incoming resource and related expendiiure are reported gross In the SOFA. Granis and Donaiions Grants and Donalor6 are only Included SOFAwhen the charity has unconditional entluemern to It￿ resources. Tay Reclalms on Donailons &nd Glfts Incoming Tesour¢es t￿M lax reclaims are Included In the SOFA In the same financial perlod as the glft 10 which Ihey relate. Contractuallncome and Performance Related Grants Thi5 is only Included In ¢he SOFA once the rela*0 goods or setvlces has been delNered. Olfts In Klnd Gifts In kind a￿ accounteo for at a reasonable eslirnate of their v￿u8 to the charlty OT Ihe amount actu￿lY reallsed. Glfts In klnd for sale or di5tribulion are incluLled in the accounts as gifts only when sold or disirfbute(J by the charity. Gifts in kinLI for use by the charity are included in the SOFA as incoming resources %vhen recelvable. Donated Setvl¢e$ and Facllltses These are only included In incoming resources (wiih an eQu￿￿ent amount in resources experNled) where the benefi't lo the chariry is reasonably quaniiliable, measurable and tnaterial. The value pLaced on these resources Is the e3￿Mated value 10 the charity of the seNi¢e or facility recewed. Volufft>te¢rllelp The value of any voluntary help received Is no¢ Included in accounts bui is describeLI in the Directors. annual reporL io ## **NETWORK VINEY ARD CENTRAL (A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES (Continued)** ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Support**_ **Costs** Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Directors' best estimate of market value. ## _**Pensions**_ The Charity operates a define contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the financial period. Pension contributions are charged to the Statement of Financial Activities as they become payable. ## _**Taxation**_ The charity is exempt from tax on its charitable activities. ## _**Legal Status of the Charity**_ The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## _**Fixed Tangible**_ **Assets** It is the policy of the charitable company to write off the cost of small fixed asset investments in the period of acquisition costing less than £1,500. These are written off in the year of purchase. They are valued at cost or, if gifted, at the value to the charitable company on receipt. No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than the original cost. 11 NETWORK VINEYARD CENTRAL IA COMPANY UMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 2. TANGIBLE FIXED ASSETS Land & Buildings General Equipment Totsl 2023 Cost Additions Cost at 01-Jan-23 675.000 675.0 1.992 676.992 1.992 1.992 31-Dec-23 675,000 Depreciation Charge Depreciation 01-Jan-23 664 664 31-Dec-23 664 664 Nel Book Value 31-Dec-23 675.000 1.328 676.328 Net Book Value 31-Dec-22 675.000 675.000 The annual commirnents under non-cancelling operating leases and capital comrnilrnent5 are a5 follows.. 31st Oecernber 2023.. See Note 9 of the Reports & Financial Statements. 31st Oecember 2022.. See Note 9 of the Reports & Financial Statements. The above Land & Buildings have been acqu1red an(J funded by a secure(J loan which has been taken Dul Mth Lloyds Bank PIC and is secured on Ihe freehold property ai Woodley Hill House. East court Avenue, Earley, Reading RG6 IHH. The interest rate incurred Dn the Secured loan is 3.20% abDve Ihe Base Rale which is cutrenlty sel at 0 50%. The loan commenced on the 27th December 2013 and is payable in three hundred monthty instalments with find instalment arKI compleiion of the loan taking place on the 27th December 2028. 3. INCOMING RESOURCES Unrestricted Restric*(J Funds Fund5 TOTAL 2023 TOTAL 202Z Donation5 & LeyaGie5 Note Gift5. Tithe5 & OfferitVJ5 Income Tax Recovered 69,675 13.144 550 153 70.225 13.297 93,956 17,957 82,819 703 83.522 111,913 bl Investment In¢ome Bank Inierest 1,671 554 2.225 700 1,671 554 700 cl Activitie5 for Generating Funds Woodley Hill House 124.368 124,368 64,361 124,368 124,360 fj4,361 dl Other Incoming Resources seTVi￿S Sundry Incorne 1,824 2,071 2.995 280 3.275 2,995 280 3.275 3,895 12 NETWORK VINEYARD CENTrAL IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED J￿r DECEMBER 20rJ RESOURCES EXPENDED Unrestri¢led Restricted FurKIs Funds TOTAL 2023 TOTAL 2022 a) Charltable Actlvlt6es Adminisiraiive Expenses Advertising & Publicity Building Fund Expenses Buildin9 Repairs & Maintenance Buil(Jing Running Costs Conference & Training Costs Di5ciple5hip Costs Depreciation Evangelism & Outreach Gifts & Donatsons Ministry Costs Rent & Rate5 StafF Costs Note 1,363 7,751 1,363 7,7SI 46.312 21.200 52.465 5.527 972 664 934 11,057 3,122 109 77,627 795 1,256 3,668 870 8,468 43,620 3,630 928 46,312 8,806 12,294 52,465 5,527 972 664 934 10.417 3.122 109 66 7.386 1,602 4.823 83.199 640 io 77.627 795 Sundry Expenses 174,140 55,758 229A98 159,518 bl GoveTnance Costs Bank & Mortgage Interest Independent Exatniners Fee In5UTance Costs Legal & Professional Fees 14.787 1,590 10,209 13,443 40,028 14.787 1,590 10.209 13.443 9.100 1,560 5,018 14,5TI 40.028 30,255 S. AÉ5TRICTED FUND5 CURRENT FINANCIAL YEAR Balan¢e 01-Jan-23 168,054 483 12941 13.413 1.718 183,375 Balance 3I￿eC-23 82,829 IncoTTie 897 640 Expendilljre 60,207 64Q Transfers 125,9161 14831 294 2,027 CAF Building Fund Almuli Fund Mercy Mission Fund Ypulh Tran5POrt Fund Love Your Building Fund ,440 1,718 99,987 1,537 60,847 24078 PREVIOUS FINANCIAL YEAR Balance 01.Jan-22 165.857 215 Balance 31-Dec-22 168,054 Income 2.197 269 710 Expenditure Tran5feT5 CAF Buildin9 Fund Altnuli Fund Mercy Mission Fund Love Your Building Fund Youth Tonsport Fund 1,004 870 12941 1.718 13.413 183.375 2.588 13.413 182,073 3,176 1,874 The Buildin9 FunLI relates to gwing lowartls a permanent building for NetNork Vineyard Central in the Readin9 Area. The restricied tunds are represented by Ihe Charitys cash reserves and frAeO assets investments and are 10 be expended as specified above. 13 NETWORK VINEYARD CENTRAL IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS Icontlnuedl FOR THE YEAR ENDED 31ST DECEMBER 2023 6. CASH AT BANK ANO IN HAND Unrestricted Restricted Fund FurKI Total 31-Dec-23 Total 31-Dec-22 Cash at Bank and in Hand I69,￿0 98,269 268,229 357,387 169,960 98,269 268,229 357,387 7. OEBTORS & PREPAYMENTS UnreslricteLI Reslricle Fund FurKJ Total 31-Oec-23 Total 31-Dec-22 Sundry Debtors 23,584 23,584 1,365 23.584 23.584 1,365 8. CREDITORS & ACCRLIALS Unrestricted Re511icled Fund Fu Total 31-Dec-23 Total 31-De¢-22 Cred1to Independent Examiners Fee Sundry Creditors Woodley Hill House Mortpage 1,373 I,Sg0 1,373 1,590 4,202 1,560 20,649 20,649 16,682 2,963 20,649 23,612 22444 9. CREDITORS.. AMOUNTS FALLI￿ DUE IN MORE THAN ONE YEAR Unre5tricled Restricted Fund FUNI Total 31-Dec-23 31.De¢.22 Woodley Hill House Mortgage 160.928 160.928 171,169 160.928 160.928 171,169 The above buildin9 loan has been taken out wlh Lloyds Bank PIC and 15 secured on the freehol(J propeTry ￿ Woodley Hill House, East court Avenue, Earley. Reading RG6 IHH. The Interest rats incurred on Ihe secured loan is 3.20q6 above the 8ase Rate whith 1$ currently sei ai 0.50%. The loan comTnen¢ed on the 27th Decetnber 2013 and is payable in Ihoe hundred monthty in5talTnen15 find inst&ment and cornpletion otthe kjan taking pLace on the 27th Oeeember 2038. 14 NEfwoRK VINEYARD CENTrAL IA COMPANY LIMITED B Y GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS Iconiinuedl FOR THE YEAR ENDED 31ST DECEMBER 2023 10. STAFF COSTS AND NUMBERS 2023 2022 GfOSS Waues and Salarie5 Employers National Insurance Costs Pension Coniributsons 66,308 6,511 4.809 70,842 7,391 4,966 77.627 83,199 Average number ol employees for the year., 2023 TOTAL 2022 TOTAL Aciivitles in furthèran¢e of oroanisalion's objects The Charity operates a PAYE scheme 10 pay all employed member5 01 staff and no employees recewed emoluments of over £80,000.12022'.Nonel 11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES The Company Is Limlte(J by Guarantee1074328481 and Is a Charlty registered with the Charity Commission111394671 and does not have a Share capilal and ha5 no incorne subjectio Corporation Tax. 2023 2022 Profil l Deficltfor the flnancSai year Olher Recognlsed Gains 156,537) 18,9021 56,53 902 Balance Brouuhl Fowrd 840,138 849,040 Closinp Funds ￿ 31si December 2023 783.601 840,138 15 NETWORK VINEYARD CEMfRAL IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS Iconiinuedl FOR THE YEAR ENDED 31ST DECEMBER ZOZ3 12. DIRECTORS AND OThER RELATED PARTIES During the finan¢ial year DirecioT Mr Robin Gardiner receiveLI £56,27712022'£50,8361 in salary relatsd payments and £4.50212022."£4,0661 In Pension coniribuiion5 in hi5 capacity a5 senior Pasknr of Network Vineyard Ceniral In furtherance of the Charitable objects. No OlheT payments were made to directors or any persons connecied With Ihem dunng ihis linancial period. No rnalerial Ir8nsaction took place be￿￿en the organlsaiion and a Irusiee or ary person connected With them. 13. RISK ASSESSMENT The Directors aclvely review the mwor risk5 s¥hi¢h the charlty faces on a reoular basis and belleve th81 maintalning the tree reserves staled. cornbined wlth the annual revlew of the conirols over key flnanclal sysierns carrle(J oui on an annual basis wlll provi(Je sufficieni resources In the event ol adverse conollions, The DIreC￿r$ have Jso examlned Olher opemtlonal aTh1 buslness rlsks whl¢h they lace and conlirm that they have e5tabli5hBd sy5terns ID rn11igate Ihe 5ignlfl¢ani 14. FIESERVES POLICY The Dlreciors have considered the level ol reseNe5 they wish ID retain, approprlate to the ¢hariV5 need5. Thls15 baseo on the ¢h8rltys size and the level of financial comTTiilmen15 held, The directors alm 10 ensure the charity ￿11 be able 10 coniinue 10 lulfll its chariiable obieclives even if there is a lemporary shortfall In income or unexpected expenditure. The dlrectors wll endeavour noi to sei aslde lunds unne¢essarlly. IS. PUBLIC BENEFIT The Charity aeknowledges ts reoulremeN ￿ (Jemonsirate cleaTIy Ihai il must have chaiiiable PUTpose5 or'¥lm•' thai are lor the public benefit. Delai15 of how the charity has achieved thi$ are provlded In the Trusiees ￿port. The Trusiees confirm Ihal they have paid due rellard 10 the Charlty Commission guldance on public beneflt before deciding what aciivilies the charity should undenake. 16