THE VINE CENTRE TRUST Charity REG.No:1140173 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH, 2024 MOSES-BOLE &CO CERTIFIED PUBLIC ACCOUNTANTS I TAX ADVISER & BUSINESS CHARTERED MANAGEMENT CONSULTANTS
THE VINE CENTRE TRUST CONTENT Trustggs and Advlsg Tru8tees' Report Indepèndent Examlnèr"8 Report to the TrustO08 Ststement of Financial Actlvities Balanco shggt Notes forn)ing part of the Financlal Statemgnt 7t017
THE VINE CENTRE TRUST LEGAL AND ADMINISTATIVE INFORMATION Trustees: Adeoye Oluwayinka--__ Chairperson Theophilus AdeniYl-_Sectary Oladele Onafowokan-Tustee5 Lydia Awoyinka-_____Treasurer Registered Office: 5 WARD HATCH FLARLOW CM20 2NB Charity No 1140173 Bankers 5, HSBC 34 Broad Walk Harlow CM20 1JA Accountants MOSES-BOLE&CO Certified Pijblic Accountsnts l Tax Advisers & Business Chartered Management Consultants 39 Saints Brelades Court Balmes Road LONDON N15TW
TRUSTEE ANNUAL REPORT OF THE VINE CENTRE TRUST FOR THE YEAR ENDED MARCH 2024 The trustees present their annual report and the audited financial statements of The Vine Centre Trust for the year ended March 2024. STRUCTURE GOVERNANCE AND MANAGEMENT Constitutlon: The charity is constituted under the Trust Deed dated 30th day of January 2011 and is UK-registered charity number 1140173. OBJEcfIvES AND AcfIvITIES The Objects of the charity are: Recreational and community-focused events for children and young people. Providing facilities for disabled children and elderly people. Organising After School Clubs, Creches, Day Nurseries, Coffee Mornings, and similar facilities. In determining how best to pursue these objectives, the trustees have had regard to the Charity Commission's guidance on public benefit. ACHIEVEMENTS AND PERFORMANCE We continued offering our regular recreational and relaxation facilities to the community. We also provided support to the elderly in the community by offering care, social and recreational services. During the year, our community services include Early Morning Coffee, Zumba classes, Swimming and Football lessons for young people. During the summer time, precisely in the month of June, we provided sea-side day tour for the young and elderly people in the community. STRATEGY To be able to pursue her objectives, the charity mobilized the various committees and groups formed to map out strategies and plans for effective delivery of our projects. Each of the recreational facilities we ran and offered during the year, had a committee which offered advice and suggestions for better and effective performance
RISK MANAGEMENT The Trustees have conducted a review of the major risks to which the Charity is exposed. Rlsk register continued to be used to identify the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measures taken to manage them. The Trustees revlew the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, Insurance coverage is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Sendices checks (DBS), supported by regularly reviewed policies are conducted for all those who work with the children or other vulnerable groups within the Charity. Internal control risks are minimised by the implementation of procedures that are in place to ensure compliance with the health and safety of members of staff, volunteers, clients, and visitors to the Charity. We are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. FINANCIAL REVIEW The trustees are aware of the provision that a serve policy must be in place to maintain a target balance of three months worth of fixed operational costs at any given time for the purpose of ensuring the operational delivery of its charitable objects during an unforeseen downturn in income. The Charity's principal fundlng is from charitable organlsations, funding companies and Trusts. Other sources include donations from private individuals. STRucfuRE GOVERNANCE AND MANAGEMENT The Charity Is constituted under the Trust Deed dated 30th January 2011 and is UK registered number 1140173. It is governed by this deed and is managed by a board of Trustees. Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the Charity. The Church's day-to-day running is delegated to the Chairman by the Trustees. He ensures that all management control mechanisms to achieve the charity's objectives are put in place. The Trustees are consulted on all important issues to determine the strategic direction of the charity activities. The Trustees meet formally as and when required to review the
Trust's operatlonal mechanism. By the Trust deed, the Trustees are required to meet at least two times a year. The management of the Trust is the responsibllity of the Trustees who are elerted under the terms of the charity Trust deed. Future Developments The Charity will continue to explore ways of fvrthering its charitable objettives in an effective manner by ensuring there is awareness and publicity of its services and proactively seeking opportunitles to involve more people in the community. The charity will seek to provide services and activities that meet the needs of people and contribute to a positlve change in the moral and spiritual climate of Harlow and her environs. We will to seek financial support from government and charitable organlsations to be able to meet our charitsble objectives This will enable us to provide recreational and relaxation programmes for the people of the community in the year 2024. TRUSTEES. RESPONSIBILMES STATEMENT The Trustees are responsible for preparing the Trustees, report and the financial statements in accordan wlth applicable law and United Kingdom Accounting Standards (United Kingdom Accepted Accountlng Prartice) The law appllcable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and a fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements; Trustees are required to: select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP; make judgments and accounting estimates that are reasonable and prudent. Prepare the financlal statements on a going conrn basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records sufficient to show and explain Charity's transactions and disclose wlth reasonable accuracy at any time the financial position of the charity and
enable them to ensure that the financial ststements comply wlth the Charities Acr 201H, the Charlty (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They a also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on slgned on their behalf by: .Q.t-2025and LA Lydiq m)a4)q Mrs L dia Aw inka Member, Board of Trustee
MOSES-BOLE & CO INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE VINE CENTRE TRUST I report on the accounts of the charity for the year ended 31# March 2024. which are set out below. and notes to the financial statements on pages 7 to 17 Respective responsibilities of Trustees and Examiners As the Charitvs Trustees, you are responsible for the preparation of the accounts: you consider that an audit is not required for this year (under sertion 144{21 of the Charity Act 2011lthe 2011 act) and that an independent examination is needed. It is my responsibility to Examine the account (under section 145 of the Act),. follow the prOdureS laid down in the General Directions given by the Charity. Commission lunder section 14515) Ibl of the 2011 Act and State whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was Carried out in accordance with the general directions given by the Charity Commission. An examination includes review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as the Trustees concerning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair vieMI' and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connection with the examination, no matter has come to my attention:_ 11 Which give me reasonable cause to believe that in any material respert the requirements To keep accounting record5 in accordance wlth section 130 of the 2011 Act; To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met or 21 To which, in my opinion, attention should be drawn to enabte a proper understanding of the accounts to be reached Moses O Elgunnubole. BA (HON&J, FAI4 CPFA FF Manoging Prfncipal MOSES-BOLE&CO Chortered Certified FOrenC Accountun Certified ProfessionolAccountant and Business Chartered Monogement Consultants FCp FIC.. DA TE.. I l _ s)1402X Td.. 441012077042$2i L¥HOUSe8ThesSC[IeuD1r F&Yi *4410120n542035 Wtb. ', 3QP
THE VINE CENTRE TRUST CIALACTivmES FOR THE YEAR ENDED ATEME OFFI T VAARCH To Furxts FwJs FuThts FutK15 Fncornln4 Y•sour¢ Incort and from: Grts. gffts & legades Total &3.343.95 33.343.95 33,343.95 33.343.95 rect Cost &Jpport Cost GDvernance Cct 8.120.tyJ 5.055.40 8,120.(A) 5.D55.40 850.(X) 14tr25.40 14025.40 19,31&6S 19?18.55 19.31&56 19 18.55
THE VINE SHEEf AS NTrE TRUST T318T Total Fur Fur Tangible 8558ts Totsi assets 7.093.C¥) 7,(S3.00 7.093.00 7,093.CKJ Cash ai bank 8rxF sft hand Totsl CWT8ntassels 11075.55 07&55 13,075.SS 13 075.55 ditors.. rnntsf•Mkng due wilhKI >tar Nd cwreftt Totsl assets ss CUfTent 19J18A5 19 1&S5 Credttots.. an1)19 falling due aftgromjtw Total net assets or Fund of tht chorlty UnrestrKiwJ fvrKIs Totsl funds 19 19 318A5 19.318.55 1855 19.318.55 19 318.55 SvJned byoro tnk%i88s C half0f•ll tstrusl8*" SvJn8tu Print Na..
THE VINE CENTRE TRUST TS FOR THE YEAR ENDED 31ST MARCH 2024 TES TO THE ACCOU Not• 1 Ba81• of prwratl¢ 1.1 ¥51s Of a¢countlng These accounts h4ve been prepared urtrkn l¥stortsl LY) ci)nvention tierns rwnBed at C05t or transaction value Un$$ otherw ststed in the r¥alll note(sl to the8e accounts. The accounts have wepared in acCOrf8n the FinarKBI Rerrin9 Stsndard in United 'ngdoM and Republic rf IFRS1020 tssu8d on 16 Juty 2014 wlh Ihe Charths Acts 2011 tho Chanty con$titues a wbltc ienefit as by FRS102 12 Golw ¢onc¢rn ¢On¢8m wlth no anynown unforeseen circumstance. Where accounts are not prepar on a wirvJ basis. r4èase disctcw thi& facttc4rwilh Ire basrs on whth ts trustees Prepa th8 8CC4)Unts the [[) why the tharity 1% nol tBgardod as a gng concem. 1.3 Ch•thge ol Xcoutttlng polky Thè aruunts present a tsue and fair vw and the 8ccounb.ffj pJticEs adopted aro those out[ts in le with changè in Ihe kk)licy 1A Chang• to ac¢ounting •stlmat•¥ No ct7anges lo aCcoUntg esb"mates have occurred 11 th8 rem.ng par{3.46 FRS 102 SORPI. 1.5 Mat¢rial prlor year •Yrors No rnatsrial prior YeareOr have thn1[ ui th8 retx)Iling pwirxl13.47 FRS 102 SORPI.
ThE VINE CEKfRE TRUST CONTD FOR THE YEAR ENDED 31ST MARCH 2024 NOTES O THE ACCOUNTS Noto 2 Aceountlw pollcl•• pse comp*tÈthis nrke fir51 repNtrvJ tr FRS21if2. SedJon 35 ofFRS101 retr)nC#tn5to be we5ented. rfaii are ap[Aa. 2.1 RECOMGILIATIOM IVITH PREVIOUS GEHEIIALLY A¢CEPTED AC¢OUMTII•G PRAcficE TIWE rYJ tharye in a(xx)wty Wcy inthb5 perbj
ThE VINE CENTRE TRUST NTD FOR THE YEAR ENDED 31ST MARCH 2024 NOTE THE ACCO N•)t• 2 2.2 INCOME Thi5 slarxlatd f15t olatcwntiry wlKiPS ha5 been apErf bythe thètly forllw tid(ed No 'Nla". Where a dtfferent or additIM pow has teen adopted then Ijetwl in tr ty)x bekN. R•¢ognltt•Th of Inwn• These are ndudett in the Statement of FinarKsal AciNthes (SOFA) WI.. . Ihe charty becomes enIrt lo 8r,. . li 18 more knan not Ihat Ihe tnk8lees WO1 rec8 the resowrAs'. arKI Ollsottlng There has bw no offselbng ofa55ets aTvJ orirKome arxj Ornnts and donatlons Granis and donaiions are only SoFAwln irKrfft TeoW"cffj uiteria are mÈt15.1010 5.12 FRS 102 SORP). In the case of rtoan( re18ted grants, inu¥ must onty t reW9ned lo fhe extenl thattt charrty has provided the specrfd or ser¥ices as enbiemertto Ihe grant W ocoJr5 ttE performan( related {md0rts wt Nt15.16 FRS 102 SORPI. Lryacl Trre L% no acY rec41 durfry IhL% pth1. The chaiity has has not reNed goentgrts in Ihe reptr¥ Tax v•claIn 91 Grft Aid rectNaWe Is nduded in iic(ffle a Yalkl derjarknn frDm do. AKJ anK>Unt re(x)¥erEd on a donalw)D Cry1(rJ lo patt oflhgft aThl i%treated as an lo the same frjnd &s the ¢Jonakn d¢1Xterrn5 of¥% F¥e 0lheThwse. Thi5 4$ not ap.th There i8 no donated gcJd durfThJ lh Dated semces arKI fa(7UtEs are in SOFA rti1 atts Val oftsgft to charity provh#ed the value of the gift can be measured rek Donated servi5 fatskbe$ tw a Imm1014Y e reo)gnigert as iro)rrE equivalent arnounl recogn as an expffje rIhe apwvtKTate he8diNJ SOFA. Support ¢ots VoluTrt••t hP TfE valLE of any ¥cknlary hdp receis%d i Jets a)1* tArt lsdesuthj in the tnAStees' annual r8port. a1(b durfr¥J IIMS
Tithes and offering Ved tr Mernt are ffl lts nBiwE ofgbts and are reco3tknJ as DOnaC$ and Legacies Insurance dalws a only Induded in ble SoFAts) Uiteria are met15.10 to 5 12 FRS 102 SORPI aThJ are as ttem OfctsrKryne the SOF s indudes any reale or unreallw 98n% cf Josse5 on sak of•ivesbwts aTrJ arry gain or loss reSurj fttxn rewa1rj Invtr to mavket value 81 the end of year. 13 EXPENDITURE AND LIABILITIES Llablllty rtro#nltlon Uabilllies are rwnised M( Iketythan notthat tsrB Ss ¥ gal cf constnthe oblyJa ccmmilbng the rarityto pay(&rt resuffts the ofttE ottytiffi can rneaS th reas0nats rtab Support costs have Deen allocated bÈN¥eÈn govem8ru (x)5ts pp(rfE. compri88 all costs invoknw pubh'c ac1t)iat• Of1 clwityaThJ ts 8 good yactice. Support Costs indLhJe f(J0 arml been alkntstsd to a• tXssI (gorEs on a baws tnstent11h use ofres0ur, eg aLk)cab"w priwerty byftoorareas. orFef t. staff cosls by the ¥)t and other costs rerrt. Gr•Trts wtth pgrfornianc• WtEre the charlty gives a grant lIh for ts y[tt teir¥J a ¥eofi¢ w oIser¥i or oulpui to be promded. such gran15 8re 0Y recow in the SOFA orA Ir reciprf grnnl has promded spedfd Set¥1 w outwt. Gvants payAbh v41thout p•rf•Mnt• Vhere there are no corKJiliorts att8th¥ig to grant trth enabfes d&wtharty to reL5bcally avryd trE coftynthert a frabffj lhe f1 obaats"on he rerdfW. R•dundancy cot The charity made no redurJd8ntypayrrs repx)rbr¥J No rnalerial item oftJ8ferrEd has irKkpJed in the Cr•dlto Pro¥islon5 f•r Ilabllltl•ts A liability is atsr on al its FislorKal aThJ subseowty atthe l)e81 e•lmBte of the amount required to seth ts Oation at (late TtrE chaiity acUnIS forbaslc finan0 on IIMbal as perpawr8ph 10 7 FRS 1Q2 SORP. SubwLEnt rneasurement i& as pe¥ par•Jr8pIL4 11.17 to 11.19. FRS 102 SORP. 2.4 ASSETS T•ngiblg a$8•ts for w• by clh*lty These are C4PitalL8ed u¥edtrm(Trthan fft >wr. aThl cc&at They are val¢ at C05t. The delyeciation rates and methoJ$ are dE(4X 14.
Intan¥lbl• Ilx•d aso•ts Tf chafty has intawibk fixed a88815, that r¥Jrfrmon8tary a59etsthat th) not have pfty subst8nr but ar& Identifiab and contJ(4kd by trt c8ntythrW tlKty IwJtts. amor¥Sa£ ratss and Trth(M L8d ar•5)$ed tyi note 15 They gre atccét H•rftag• assots The charity ha5 no heritage assets. th . assets h'stthk. arllrt 8denfft. techn(lcal, 9eotknysical or envirorryntal qualitEs Ihal are hekl arxl maintai pmcipaly forlthe Conlribuli to arKI cuwe. Tr ¢JeprwJthn ias metfKxts LAI as note 16. They are vaw at cost Fixed asset investrnents in qucled sh. ynQJr in¥estrwts vabA at at cost sub8eoLwIty atfair vabJe1lhew market value) 8t yearer¥J. Tr same treatrna)t ts applied lo unlisted investments unkss faw vahje canrtrjt be rnere relrdbty vAMth c• it Is measured at COSI S ifflpaimenL Inveslments hehy for resak or pend¥j Ihewsa aTh# cash and cash e¢nts a mottjtrtydate of $5 than 1 year are trealed as ajrrerf asset in%EStrnen15 Stock• vmrk In progv• Sl(Kk5 held as parf of rK>Trthrilable knde meawEd * 1lkw¢))8i r ab value. GoiKls or senri a5 Part of a thatitrdble athty arE at nd reatsat42 v8 based on tIE 5er¥ice tthntial provijed by rteffl5 of sl(¥ Work in pr(gre5S at DJSt kss anYfreeth Wto Ihe ttra D•blor 08btors IlndudlrvJ trade debtors a102$ re(thabl are me&8wuI on trtsl retion at $trnent amount after any trade or amoLNrt adVand bythe chaty. s. The chartty h8s no in¥strnents h)kJs for resa cf blw"rsale aThY cash aTrJ rash equivalents with a matwty date 88 than C year. 1bJde cash on depowl arKI cash equi¥entS with a MattY date of than cfft hehy for inwedment purposes ratherthan to meet Short lern cash cc¥nmitrn8nts 88 IW fall due. They aE Va al frdwvalue eptw1We tty qualfy a5 bax firwKaai Umen1$.
THE VINE CENTrE TRUST UNTS CONT'D FOR THE EN TO THE AC Fur¥Js F¥R Grants. glls&thxthlw ESC L(thryFu T•t*l
)J60.95 12J83ffj0 33J43.9ts 12J83. TOTAL 43JS 12
THE VINE CENTrE TRUST TS CONTD FOR ThE YEAR ENDED 31S NOTES TO ThE AG¢0 T<éal FwKts Fw FndS DIRECT CO Rents&Vw Hire HNP ol Equipm1 & Ad¥ert& PutlK%ty 4.320. 3.480.fy) 320 (k) 8.120.ihJ 4.320 00 3.4 320 &12O.QO SUPPORT COST & Sai*¥ BarlE Charges IS14.C 7140 2.470 CK) 5.OSS.4D 13.176 2 514.00 71.40 2.470 00 5,055.40 13,175.40
THE V114E CENTrE TRUST CONTD FOR THE YEAR ENDED 31ST MARCH 2024 NOTES TO THE ACC UNTS Note S 5.1 Fees forexaminat ofts aco)wts HeasÈ pre detsiL8 ofthe amount pa•J for any statuityyextnal suukny0f4ctts and other 8eNlos provided by y(xJr iTrJeperKknt exarnw Ilfiothry wa5 pahj pse enter , in 8Ptwiaie boxlesl. Independent 8X8mtrfs fee5 L8gal FiliTrJ Fees 1CQ.(K) paKJ to the IrK1ependent exarnir 850.QC* 14
THE VINE CEKfRE TRUST CONTD FOR THE YEAR ENDED 31ST PIARCH 2024 NOTES TO THE ACCO mxhl nd & & motor fftlln during fv year 7.093.(K) 7.093 C At oflhe year 7m¥.OD 7.093.OD 6.2 Dtyr8¢iation and impasm)•nts -Ba&s Low Temi Leaseho Motor veh Ftxtutes & Fitting$ Office Equipment Comwter Equiwirt 2% StravJM StravJM Slrawjhl Li StravJht knr ht Lin Rate Dgprecp¥tK)n for the year Atènd of the year 6.3 Not book valuo Net bk value at the er¥J ofts 7.1193 7,0931XI 6.4 Im[rM$t ease provide 8 1Sewpbon oftr arny by lothe rEfJoBrm re¥r5al of an bJ8s. 6.S Révaluaiton an accounlng ofrevalualon * attopw, rAw wo¥th". the effective dat8 ofthe r8vahJaUon= WA the name 0f1rdepTrt valw. ifaFvScable= WA methods 8pp8d siunffi¢artassuWKW- WA kne carying arnountt wouhy have rec(4JTi8•J had th8 88s cwTi&l Lwthrtho st modèl. 6.6 0thoT dlsclowr•B 111 Tre a no amunt of b[kn1 ¢osts, in oftwJ¢ fixed assets a¥vJ Ihe GaPitaksati¢ te U1. Oil ThRrv ore wnwAknFnts forthe oftarw ssets. (Illl Thr¢ ar& no (Joiaib ofthe &¥tere a1 rry¥¥j afflounts ¢Itr>Thth thè Lthèrity has reslrthd lit orthat are as seowity foTablthS
THE VINE CENTRE TRUST CONT'D FOR THE YEAR ENDED NOTES TO THE ACCOUNT 1ST PAARCH 2024 Not• 7 Cmdltw• •nd Please ¢(mplete Ih"s r#Jle rftrE charty has tyaoJu*. 7.1 Anoty¥l¥ ofcredknrs 850 850.00 Total
THE VINE CEKfRE TRUST co FOR THE YEAR ENDED 31ST MARCH NOTES TO THE ACCO 24 Note OB Cash at bank 13.075.55 Total 14075.ss 17