ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31ST MARCH 2024 3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Llmltod by GyJrante•) CHAR REGISTRATION No: 1140214 COMPANY REGISTRATION No: 07490294 Independent Examlners Ltd Unit 2 The Broadbridge Business Centre Delling Lane B05ham West Sussex P018 8NF
3 COiINTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Umlt•d by Guarant••} c0tr4TENTS Page 2 Legal and AdmInIstrave Informatlon Page5 3 to 9 Dlrectors. Annual Report Page 10 statement ol Flnanclal Actlvltles Page 11 Balance Sheet Pages 12 to 22 Notes to the Flnanclal 5tatement5 Page 23 Independent Examlners Repgrt to the Dlrectorsrrrustees
3 COUNTEES VIMEYARD (FORMERLY KNOWN AS THREE COUNTIES CHiIRCH) (Company Limited by Guarantee) LEfjAL AND ADMINISTRATIVE INFORMATION REGISTERED CHARITY NUMBER 1140214 REGISTERED COMPANY NUMBER 07490294 START OF FINANCIAL YEAR 1st April 2023 END OF FINANCIAL YÉAR 31st March 2024 DIRECTORS THAT HAVE SERVED DURING THE YEAR TO 31ST MARCH 2024 Mr PhS1ip Taylor (Chair of Trustees) Mr Alisrair Cook (Treasurer) Mrs Marie 8rown Ireslgned 315t December 20231 Mr Oavid Wrlght Mrs J Sharp COMPANY SECRETARY Mrs Marie Brown lappolnted 1st January 20241 The exlstlng trustees appolnt any new trustees followlng the prov151ons lald out In the organlsat5on'$ 9overning instrument. LEGAL STATUS Company Llmited By Guarantee OVERP41NG INSTRUMENT Memorandum and Articles Of Assoclatlon Inctsrporated 12th January 2011.The Artlcles of Assoclatlon were subsequently amended by Speclal Resolutlon on 3111 Auaust 2021. OBJECTS The charltY'5 objects are for the publlc beneflt and are restrlcted to the followlng.. Al to advance the ChrSstlan falth in accorcjance wlth the statement of bellefs in the schedule herero attached In such ways and Sn such parts OF Haslemere, the Unlted KSngdom or the world as the trustees may from tlme to tlme thlnk fit,. Bi to relieve sickness and fln8nciJl hardshlp and to promote and preserve good health by the provlslon of funds, goods or servlces of any klnd. lThcludSng through the provlslon of cotsnselling and support In Such parts of Haslemere, the Unlted Kingdom or the world as the trtsstees rnay from tlme to tlme REGISTERED OFFICE 3 Countles Vineyard Haslemere Locality Office Llon Green Ha51emere GU27 ILD PRIMARY BANKERS HSBC Bank Pl 12a North Street Gulldford Surrey GUI 4AF SOLICITORS Barlow Robbins The OrSel Sydenham Road Guildford GUI 3SR INDEPENDENT EXAMINER Independent Examlners Ltd Unit 2 The Broadbridge Business Centre Delling Lone West Su55ex POI8 8NF
3 Countiesvineyard IfDrrnerWknown asThree Couniies Church).. The report of the Tru5tee5 IDirert015 of a ¢hadtable ¢ompaThyl forthe vear ended 31 Mèrth 2024 The Trustees present their annual report and accounts of the year ended 311t March 2024. The Board of Trustees is satisfied wlth the perforMarn of the charitable company during the year and the positlon at 31¥t March 2024. Names Jnd addresses ot advlsors: e of Advlser Bankers Name HSBC Address 12A North St, Guildford, Surrey, GUI 4AF The Orlel. Sydenharn Road, Gulldford, Surrey, GUI 3SR Unit 2, The 8roadbrldge Buslness Centre, Lane, Bosham, POIB 8NF Unit 2, The 8roadbrldge Buslness Centre, Dellin Lane. Bosharn, P018 8NF Greenbox Storage, College Rd, Swanley BR8 7LT 39 Statlon Road, Llphook, Hampshlre GU30 7DW Prirnar Solicitor Barlow Robbins Independent Examiner Independent Examiners Ltd Trust Advlce Charlty AdvSsors Independent Safeguardlng Speci3lists Independent Investment Advlsor Thlrtyone'.elght Murray West As5cciates Ltd STRUCTURE, GOVERNANCE ANO MANAGEMENT L•gJl StJtu•: Company iJmSted by Guarantee Governing Documènt: Memorèndum and Articles of As$aclatlon Incory)orJted 12th Jonuary 2011. The Artlcles of Associatlon were subsequently amended by Special Resolution on 31* August 2021. Naturn ol Governlng Document and ¢on$tltytlon of th• charltable company The origlnal charlty "DecldfÉ>tion of Trusl" for the Church. which was then known as the Haslemere Evangelical Church, was made on l October 1974. The Declaratlon of Trust was subsequently updated by the Charlty Cornmi551on Scheme sealed on 29 ottober 1991 and Constitutlon dated 24 September 1987. There was a change to incorporated status as a Charitable Company wlth effect from ill Aprll 2011 The organlsaiional structure ané declslon rnaking processes are all In accordance with the Memorandum and Artlcle5 of A5soclatlon wlth day to day actlvifies of rhe Church In accordance with 'The Way we Work, dated Lllh May 2011, as amended 31st August 2021 and Iltn October 2021. Chan9• ol nam• of th• charltable comwiny Jnd Jolnlng the Vlneyard n•twork of churches. Three Counties Church lolned the Vineyard network of churche5 Dn the 201h September 2021 and changed Its name to '3 Countles Vineyard, at Companle5 House on the Llth October 2021. The objects of the charity, the Company Number and Charity Number of the company remaln unchanged. Trustee •elect5on method•: As detailed In the C¢mpany Memorandurn and Artlcles of Assoclatlon. The organlsatlonal structure of the charltable company and how declslons are made: The Church is led by a Church Leadershlp Team (who are the members of the charltable company). As at 3110312024 the Leadership team consists of 4 people with David Wright undertaking the role of Senlor Leader slnce ljt July 2018. The Leadershlp Team are responslble for the spiritual overslght of the church. David Wright Is )ccountable, as part of the Vineyard structure, to Guy and Esther Pritchard from Farnham Vineyard in their role as Vineyard Area Leaders. Davld Wrlght, along wlth the rest of the Leadershlp Team receive Input from Pete Gllbert, a long standing friend and mentor to the church. Two of the Leadership Team are employed part-time by the Church (details of which are given in the table below). The Chair of Trustee5 does not sit on the Leadership Team tyut is a member of the chantable organisation for the duration of ttteir post as Chalr and wlll attend the Company Members Annual General Meefjng and any other Special Meetlngs of the Member5. The Church congregations rneet at the Hammer bullding for Sunday worshlp. A Wider Leadershlp Team {consisting 65 people as at 31. March 20241, responsible to the Church Leadership Team, lead slgnificant areas of WDrk and ministry within the Church and the wlder communlty. Two or more church meetings, consisting of a Church Annual General Meeting and Vision Meetings (the latter usually held on a Sunday mornlngl, attended by Leaders. Trustees and regular Church congregation attendees, are held each year and are usually preceded by Trustees, meetlngs.
3 CouDtie5 Vineyard Iformerly known a5 Three Covnties Churihl.. The report of theTru5tee5 (Directors of a charitable company) for the yeareDded 31 March 2024 From 3r0 February 2024 a Sunday evening service was establlshed in addition to the Sunday mornlng worshlp, this falls within the current organisational structure and decision rnaking process. Names of the Leadership Teom (who are the Members of the Charitable Company) between Iqt April 2023 and 31st March 2024.. Narne Leadership Team Role Date5 on the Leadershlp Team if not for the whole ear. Employment title and dates If nor for the whole year David Wright Senior Leader NIA Richard Durrant NIA Rowena Wright Telnporary Pastoral Lead from 0110412023 to 1710312024. Permanent Pastoral Lead from 18 0312024 Sarah Noble Resigned 0910212024 Tara Congdon Children, Youth and Famllles Dlrector Jack Robson Reslgned 3011012023 Phillp Taylor Member by reason of belng Chair or Trustees NIA The name of the Leader and other senior staff memberlsl to whom day-to-day management of the Charlty was delegated by the Trustees. D Wright - Senior Leader of the Church Leadership Team M Brown Operations Manager and Company Secretory from 01/0112024. other key management personnel {by reason of belng employed by the Charily and servlng on the Leodership Te3ml'. R Wrlght - Pastoral Lead T Congdon Chlldren, Youth and Famllles Dlrecror Thq mojor r5sks to whlch the charltable company Is exposed and rqvlews and 9y•temg to mltlgate rl•ks The Leadership Team and Board of Trustees have bolh reduced In slze this year. There 15 an awarene55 of th need to strengthen both to enable continued good governance. The Leadership. Team (ln consultatlon wlth the Trustees) are seeklng appmpriately trained Indlviduals to enhance both. As the church grows In number and seeks to reach out to the communlty in greater ways the workload of staff and volunteers increa5e5. Regular revlew of staff/volunteer workloads and well-being, along vlith a55e55ment of appropriateness to contir)ue certaln attivlties Is required to ensure a healthy culture withln the charity. Thls growth may a150 impact the church finances, with a poLential for increased giving from attendees and an increase In costs for the additional support and actlvities provided. Trustees have set a deficit budget previou5 years to implement their strategy for growrh. The church has good reserves but Trustees are mindful that the church cannot operate on a deficit budget indeflnltely and are seeking to reduce the deflcit In the coming years to enable break even. Trustees recognise the need for robust flnanclal processes to enable secure and transparent dealing5 Wlth all financial matters relating to th? charity. Following a process of InvestSgatlon, having taken advice from the charily'5 accountants and implementing a changeover process of 3 month5. the charity will be irnplementing a new financial package from I. Aprll 2024. This new package provldes greater automation of processes, is more user friendly and move5 toward5 electmnic storage of data. Ollgoing support and advlce from rhe char4ty'S accountants will be available as requId.
3 Counties Vineyard Iformerly known a5Three Countle5 Church).. The repprt gf the Trustees IDire¢ror5 of a charitable company) for the vear ended 31 Mar¢h 2024 The Trustees employ a full tlme Youth Leader to enable the cufftnt youth programrne to conllnue and develop connections and services offered to the church, local secondary schoo15 and wlthin the wider community. The Youth Leader goe5 on maternity leave in the first quarter of 2024. The Trustees intend to employ a part tlme Youth Leader to cover rnaternity 12ave, who will work with vOlUner$ to contlnue our youth work within the church and wider community. It will be necessary to reduce some youth seNices currently being offered during the temporary perfod. A contlnuou5 risk a55e55ment process Is carrled out by the Trustees arTrd covers safeguardlng, physlcal, legal and other envisaged threats. OBJECTIVES AND ACTIVITIES Objectlyes and Actlvltles of the Charltsble Companv: The Trustees CDnfirm that they have referred to the Charity CommissSon's guidance on publlc benefit when revlewing the charlty's alms and objectlves, In plannlng future acbvlties, and In 5ettlng the pollcles for the year. Objects ol the charlty get out In the govepnlng document.. The Charitable Company's object5 are for public benefit and are strIcted to the followlng'.- i To advance the Chrlstlan falth In accordance wlth the starement of bellefs In the schedule hereto attached in such ways and such parts of Haslemere. the United Kingdom or the world as the Trustees may from rsme to time thlnk flt,. Bl To relieve slckness and flnanclal hardshlp and to prornote and preserve good health by the provlslon of funds, good5 or 5ervlce5 of any kind, Includln9 through the provlsion of coun5elling and supporl In such part5 of Haslemere, the Unlted Klngdom or the world a5 the TTUStees may from time to time thlnk flt. Summary of the m•ln •ctlvltle• undert•kerb for the publlc beneflt In relatlon to these objerts: The Church's aims are to share the good news and love of Jesu5 Chrlst throughout the 3 Counties area through Church servlces. youth work and outreach In the communitV* al home and at work. The church also hès several Ilnks over5ea5. An expl•natlon of the ¢harlty's m•ln obJertlv¢• •nd strategSe• for th•lr aehl•v•m•nt. To share the good news and love of Jesus Christ In the 3 Counties area. Its mjin strategies lie in it5 Sunday servlce5, small groups, its work thmugh a range ol youth and chlldren's groups and artivltles Ispannlng all age range51 and Its communlty Involvement. Detalls of slgnlflcant actlvStle• that contrlbut• to th• achlevement oe the stated obJectlve•. Sunday 5ervlces and most other actlvltle5 are held at the Hammer buSldlng wlth some exceptlons, mostly community work and small groups. 3 Countles Money Advlce operate out of rented premlses (Hasleway In Haslemerel. The Haslemere Localify Offlce Is the church office faclllty used for adminlstratlon. Many of the small groups Iblble group5 etc.l-operale out gf people'5 homes. A rnnge of youlh and ch51dren'5 groups use the Church premlses, In additlon there Is occaslonal use of hornes and publlc bulldings. The Fuslon Group, for those aged between 14 and L8 years, is led by youth leaders from 3 Countles Vineyard and has occaslonally Ilnked with other local churches on è relational ba51s. The Trustees employ a full time Youth Leader ro enable the current youth programme to contlnue and develop connections and services offered to the church, local secondary 5choo15 and wlthln the wlder community. A part tlme Community Worker 5$ employed to enhance the pastoral support and Ca capabilities wlthin the church but prIMalY to asslst those Sn need In the wider commvnlty. Slnce the retirernent of the long term full time salarieLI Senior Pastor on 30" lune 2018 the Leadership Team and Trustees have reviewed stafflng requirements regularly. In the absence of an employed Leader and to alleviate work pressures from member5 of the Leadership Team Iwho operaie on a voluntary baslsl the Trustees approved a temporary appointment of a Pastoral Lead in March 2021. The decision was made in March 2024 to rnake this position perrnanent which will continue to help relieve some pressure on current volunteers. The Senior Leader of the Leadership Team continues to be fulfllled on a voluntary basis.
3 Countiesvineyard Iformerly known as Three Countie5 Church).. The reportof the Trustees (Director5 of a Charitable company) forthe year ended 31 Marth 2024 In February 2024 the chvrch launched a weekly Sunday evenlng service. Thls Is part of 3 Countles Vineyard in term5 of leadership and governance but is Intended to be a Separate congregation to that of sunday morning services. Attendance at Sunday morning servlces had reached the building capacity. By part of the con9regatlon movln9 to the evening servlce this gives space for newcomers Sn both services and enables attendance by those who have other eommitments In the morning. Currently there are 265 adults regularly connectlng wlth the church and approxlmately 45 children and young people connecting with their age approprlate groups on Sunday mornings. with addltlonal young people connetttng to midweek groups. Contrlbutlon made by Volunteerg: Many of the programmes, projects and services provlded a run by volunteers. As at 31J¢ March 2D24 there were approximately 130 people volunteerln9 wlthln the church. The Trustees are grateful lor the many hours volunteers have glven to asslst wlth a varlety of activitles vndertaken by 3 Counties Vlneyard. Without this valuable contribution of time, energy and expertise the charity would not have been able to achieve so much. In order to acknowledge the vltal role of volunteers within 3CV the Trustees and Leadership team hosted a 'Volunteer appreciatlon evening, in May 2023 Io recognlse and 5UPPOrt thelr valuable contributlon. ACHIEVEMENTS AND peRFORMANCE Factors r•l•¥ant to the achl•v•m•nt of the charltable ¢ompJny'• objectl¥es The CharStable Company Is flnanclally dependent upon the 5UPPOrt of Its members and In partlcular regular worship offerSngs and glfts. The Charirable Company contlnues to benent frorn the reclaimlng of Glft Ald from FtMRC. Summary of the m•ln a¢hl¢v•m•nts or th• charlty durln9 th• year: The Church contlnues to provlde a range of servlces for church attendees and to those In the local Communlty. These servlce5 Include'.- lul Weekly worship servlces meetlng at Hammer bulldlng on Sunday mornlng5 land evenlngs from February 20241. The Ilve streaming of the servlces contlnues on a number of soclal medla platforms, enable those who are not able to attend In person to recelve input, Ibl Monthly Sunday mornlng servlces with 8rit15h Sign Langua9e provlslon. l¥} A daytime mid-week Informal café style worshlp setvlce once a month on Tuesday mornlnqs at Hammer (called Encounter). Idl An evening worship Service held at Hammer once a month (called Delightl. le) A wlde range of small groups meetlng In homes and the churth bulldlng on a weekly to monthly basls. IO Regular healing meetlngs. offerlng prayer support to church attendees and members of the public. l¥} Drop In coffee/activity mornlngs held at Hammer twice monthly to provide the chance to connect wlth lonely and/or vulnerable people in the area. Ihl Twlce weekly youth evenlng meetlng5 focusing on fun, frlendshlp, dlsclpleshlp and worship. lil Youth mentoring esther by attendance and lialson wlth local schools on weekday5 or a5 part of the or9anlsed church youth actlvities. (il A summer holiday club for children aged 4 to 11 years. Ikl Supporting (with youth leaders and finance where approprlatel attendance at DTI, a youth reSIdenal gumffier camp which encourages young people to explore their faith. 111 Playtime, a parent/Earer and toddler's group, meeting weekly during School temi tlme. (m) A parentlng course. for parents of primary aged children, open to the parents wlthln the church and the community. Inl Facilitating Alpha courses throughout the year for people in the area that want to explore the Christian lol H05ting and runlling a serles of well-being courses for church attendees and those In the communityi Includlng a 'Taste Ilfe, course la course looking al eating di50rdersl, a self-harm training workshop lor parents and professiona15 (lead by'Embrace' Chantyl and an 'Under5tanding Dementla, trainlng evening. Ip} Worklng with local primary 5choo15 to conduct assemblles. RE lessons and to host'prayer 5pacEs' in IoEal sthools. Iq) Supporting 3 Counties Money Advice (see addltlonal detalls below).
3 Countie5 Vineyard Iformerly known a5 Three Counties Chur¢hl. The reportof tfve Tru5tee5 IreCtOrS 018 Charitab Company) for the yearended 31 Marrh 2024 Ir) Supportlng needy people lelther dlrectly or through appropriate charitieslorganlsationsl, through special appÈa15, designated glfts or through the Dorcas and Hardship funds. This has included, but 15 not 1Smited to. 5UPPOrting the local food bank, assistlng struggllng Indivlduals and/or families with the challenge of the rlse In the cost of Ilving and special offerlngs for those around the world affected by the war and/or natural dlsa5ters. 1%> Monthly liaison with local Christlan church leaders. (ti The Saturday Wave, a bi-weekly actlvlly, during the gardening sea50n, thai provldes free 9ardenlng and other practical suppart for the needy within the local area. lul Occasional inter-denominational men's, women's and children's events, open to church attendee5 and those in the local communitv. Iv) Prayer meetings and events throughout the year. (wl Supporting and enabling leadership training through attendance at Vineyard and other national and local conferences. 3 Countles Money Advlce: The 3 Countles Money Advlce team Is a team of 4 fully rralned volunteer advlsers from local churches who 9lve Impartial advice and assistance on a variety of money related i55ues. They operate in partnershlp with Frontline Debt AdvSce IUKI who are regulated by the Financlal Conduct Authority. The team operate out of a rented office In Ha51eway each week where they can rneet cllent5 face to face, Throughout the coursè of this reportln9 period they have distributed £20,000 worth of orants that have provided vital financial support for 59 local Sndlvlduals, pensloners and familles, provldln9 asslstance wlth food, energy and water payments and wlth the purchase of wvider es5entlals Such as School unlforrns, clothlng and tran5PQrt costs. The operatlons manager of the church reviews the accounts every quarter and presents a brief summary to the Trustees at each meeting. The accounts are examlned, alonq wlth those of the church, each year. FINAP4CIAL REview Assets from Three Counties Church Charity INO 10108471 were transferred into the new Three Counties Church Incorporated Company Umlted by Guarantee (No 74902941 and Charlty {No 11402141 wlth effect from ijl Aprll 2011, Assets remain with the charity upon its change of name ro 3 Counties Vineyartj Incorporated Companv Limited by Guarantee (No 74902941 and Charity INO 11402141 with effect from 20" September 2021 Ireglstered at Companles House on Illh October 20211. Prlnclpl• fundlng sourc•s and how •xp•ndltur• In the year under revlew ha support•d th• k•v objqrtiv of th• charity. Princlple fundlng sources are regular monthly glfts and weekly Sunday offerings. Addltlonally fundlng Is achleved thrDugh reclalrnlng Glft Ald. All the key objectives are budgeted for at Lhe start ol each year and all have been met or covered from our reserves. The Church started thls reportlng perlod from a strong financial base. The Trustees conflrm that they conslder the accountlng pollcles remaln adequate and that they have revlewed and are happy wlth the reserves pollcy. The Church 15 dependent upon the gift5 of its congregation. Gift5 have remalned conslstent thls year wlth general rund regular glfts and offerings sllghtly exceedlng the Trustee's budget 5tretth target an¢J showlng an approxlmate increase of 2¢10 on the 202212023 flgures. The year has seen the congregation growing which has ssisted the Increase ln givSng. The Trustees had agreed 3 substantlal deficlt budget to enable recrultment ol key staff to support the church growth strategy. Excludlng the galn5 on investments, the Church has achieved a 5mall&r deficit than budgeted for. due mainly to the reduced employment costs, as a result of employing a part tlme Pastoral Lead where the budget allowed for a lull-tlme role and the Increase In Income through givlng. Availablllty and adequacy of assets of each of the funds. The Trustees are sètlsfied that the Company /Charity's os5ets are adequate to fulfil its obligation5. Each fund's bvdget Is reviewed on a monthly basls. TranMrtions and Financial P051tion The financial sratemenrs are set out on pages 10 to 22. The financial statements have been prepared implernenting the Statement of Recommended Practice for Accounting and Reporting by Charitie5 155ued by the Charity CDmmi55ion for England and Wales and in accordance with the Fin3ncial Reporting Standard applicable in UK and Republic of Ireland FRS L02 leffertlve l January 20151. As stated in the Legal and AdministratlVE Informatlon section of thi5 rÈpart, the Trustee5 con51der the flnancial performance by the charity during the year to have been satisfactory.
3 Counties Vlneyard Ifomitdy known a5 Three Counties Chur¢hl.. The report of the Trustees IDirector5 Of a charitable company) for the year ended 31 March 2024 The Statement of Financial Activities for 2023124 5how5 Incoming re50urce5 for the year of è revenue natu of £307,047 and reolised outgolng resources of £316,562 making a net deficit of £9,515 excluding gain on inve5trnentS Dr a net surplus of £9.980 Including gaSn on Investments {2022123.. Incomlng resources £287,780, OLJtgoing resources £287,420 making a net surplus of £360 excluding loss on investments or net deficlt of £23,171 including loss on Investments). The total reserves at the yeor-end stands at £708,737 12022123.. £698,757), Sp•cific changeg In flxed assets Hammer building, which is used for Sunday worship and Dther group meetSngs, was revalued for Insurance purposes on 291h January 2020 with a rebuild Insurance advicelvaluation of £950,000. The value of £200,000 reflected In the flnanclal statements represents the deemed cost a5 calculated by an independent surveyors. report dated 2DI6. The Charltable'Comp•ny'$ grant making polScles The Church makes specific grants to personnel and Chrlstian organlsations at home and overseas to a total of £17,021 in the year 12022123.. £42,703). In addltion, £10,869 was gSven out to those In need through the Dorca5 Fund 12022123.. £11,091). In addltion, £2,334 was 9lven out to those In need through the Hardship Fund. Thls fund was set up In 2023 for deslgnated glfts glven to the ch¢Jrch to provSde flnanclal assistance to indlvicjualslfamilles In need. The Church provides debt and beneflt advlce through'3 Counties Money Advlce, the cost of provldlng rhe Service Ihls veèr was £4,080 12022123.. £4,080). The church has glven out £1,300 In the year through the Elalne Fund 1202212023., É2901. Thls fund was set up to help fund people In the church go on mlssionary trlp5. retreat days or tralnlng event5 where they would not otherwise be able to afford to do so. The above grants amount to I 1% of the total e¥pendlture lor the year. In addition, the church has given out £2,138 In the year through the Mlchelle Fund. Thls fund was set up In 2023, following the sudden death of Michelle, a church attendee. The purpose of this fund is to provide financlal help for Mlchelle'5 husband and 3 young chlldren both now and in future years. Pollty on Inve$tment• lrn accordance wlth the Artlcle5 of Assoclatlon and upon the sale of the Klngs Road property In 2019 the Trustees agreed to Instruct a professlonal Investment Manager to invest É350,000 from the net proceet15 or sale In a general Inveslrnent account for Charities. The Investrnent Inltlally conslsted of three pooled funds provSde a balanced portfollo wlth a medium ro low risk profile for the medium term. On 251h January 2023 the Tru5tee5 aijded £31,790 to purchase a fourth fund which has been added to the inve5trnent. The markeL value of the entlre Investment wa5 £418,763.72 at 3111 March 2024. Thls rnedlum-term Investment is expected to provlde capital growth equal to or surpassing Inflation after deductlng costs and It wlll allow for the drawdown of Income If and when requlred. It Is likely that the Investment will be requlreé to supplement income durlng 202412025. Pollcy on reserveg The Trustees continue Lo deem that It Is not necessary to rnaintaln substsntlal free ServeS. The Church Is totally dependent upon the Lord and the support of Its attendees. It is, therefore. consldered prudent to malntaln the General Fund balance at a level sufficient to meet day-to-day need5, SUPPQrted by the abillty to drawdown income from investment funds If exceptionally required. Currently, the bank balance represents approximately the months expenditure, Cash balances are monitored closely on a monthly basls. The Church is holding good levels of cash, investments and property-backed reserve5 Pollcy on Loans Throughout 202312024 there were two small loan5 Outstanding to Indlvlduals who regularly attend the church. These loans were made in accordance with the Article5 of Association for a purpD5e that fuifils the Charlty's objects and with Trustee approval. Both loans have been repalt1 In full, in September and December 2023.
3 Countles Vlneyard IlarmeAy known as Three Countie5 Church).. The reportof the Truste IDlrertors of a charitable CpanY) for the year ended 31 March 2024 FUTURE PLANS Church Growth/Pl•ntin9 In order ro fulfil our ob)ecrive of advanclng the Chr15tian falth, conslderatlon is belng given as to whether it is appropriare to plant a church site In that new locatiun to meet the local needs. There a a significanl number of p@ople/families travelling to 3 CounLies Vineyard from other areas that do not yet have a vibrant church such as ours. There are also likely to be Many in these areas who are open to exploring faith and who coijld benefit from local delivery of the services we provide. Admln15tratlon offlces 3 Counties Vineyard took out a 3-year lease of Haslemere Locality Office on 41h Seprember 2019 to enable relocation of their admlnlstrètion offices. A further 3-year lease lexpiring September 20251 has been verbally aged but is yet to be formallsed. There will be an increase of £500 per annum In rental fees. Approved by the Board of Trustees on the .... Slgn Name.. Slgn N3me'. T)If L Philip Taylor Chalman Df Board of Trustees David Wrfght Trusteelsenlor Leader of the Church Leadership Team statement of Trugtee Responslbllltlei The ChatIeS Act and the Companies Act requlre the Board of TrLJStees to prepare flnanclal statemernts for each flnanclal year whlch glve a true and falr vlew of the state of affalrs of the tharlty as at the end of the flnanclal vear and of the surplus or deflclt of the charlty. In preparlng those flnancial stètemenrs the 8Dard Is required to ul Select suitable accounting pollcles and then apply them conslstently,. bl Make judgement5 and estimates that a reasonable and prudent., and I Prepare the flnanclal statements on the golng concern basls unless It Is Inapproprlate to presume that the charlty wlll contlnue Sn business,. di State whether appllcable accountlng standards and Statements of recommended practlce have been followed, subject to any marerlal departures dlsclosed and explained in the financlal statements. The Trustees are a150 respDnsible lor malntainlng adequote accounting record5 whlch dlsclose with reasonable accuracy at any tirne the financial p051tion of the eharlty and whlch are sufficlent to show and explaln the charlty's transacrions and enable them to ensure that the financial statements comply wlth the Companies Act 2006 and comply with regulations made under the Charltles Act. They are a150 re5ponslble for safeguardlng the assets of the charity and hern for taklng reasonable steps for the preventlon and detectlon of fraud ané other The Trustee5 are also responsible fcr the contents of the Tru5lees' report, and the responsiblllty of the Independent examiner In relatlon to the Trusrees, report is limltecj to examlning the report and ensurlng that, on the face of the report, there are no inconsSstencles with the figures disclosed In the flnanclal statements. These accounts have been prepared In accordan wlth the provlslons appllcable to companles, sublert to thÈ small companle5' reglme. I approve the attached statemenr of ff nanclal actlvitles and balance sheet for the year ended 31 March 2024 and confirm that I have made available all informatlDn necessary for its preparation. Approved by the 8oard of Trustees on the ... .12024 and signed on their behalf. Sign Name: lor Chairman of the Board of Trustees
3 COUNTIES VINEYARD {FORMERLY KNOWN AS THREE COUNTIES CHURCH) {Company Umlted by Guorantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 Unstricted Funds DesSanated Funds Restricted Fund5 TOTAL 2023124 TOTAL 2022123 INCOME Donations & Legacits 249,06S 22,952 12,450 284,467 275, 139 Investment Jncome 2b LL,640 11,640 7,534 Charitable Activlues 2¢ 7,660 3, 140 10,800 5,410 Other Incgme 2d 140 140 379 TOTAL INCOME 256 865 307 047 288 462 expENDITURe C05t of Charitab5e Activltle5 256,009 45,803 11,320 313,132 284,750 Governance Cost5 3b 3,430 3,430 3,352 TOTAL EXPENDITURE 259 439 316 562 288 102 NET INCOMe/(EXPENDfTURE} BEFORE 114VESTMENT GAINSI(LOSSES) (2.574) (11,211) 4,270 (9.515) 360 Net Gblns/lLossesl on Investments 19,495 19,495 123.531} NET ZNCOMtI(EXPtNDITURE) 12,5741 ,284 4,270 9,980 {23,171} Transfers Between Funds 11,12 115,4801 14,105 1,375 NET MOVEMENT IN FUNDS 118,0541 22,389 5,645 9,980 123,1711 RECOP4CILIATION OF FUNDS: Total Funds Brought Forward Opening Balance Adjustment 288,680 408,046 2,03 I 698,757 720,830 1.098 20 TOTAL FUNDS CARRIED FORWARD 270 626 430 435 708 737 698 757 Movements on all reserves and èll recoanised oalns and losses are shown obove. The notes on pages 12 to 22 form part of these financlal stalemenrs.. io
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Llmlted by Guorantee) BALANCE SHEET AS AT 31ST MARCH 2024 Unrestricted Funds Designated Funds Restricted Funds Total 31-Mar-24 Total 31-Map23 14otes Plx•d As$ets Tanglble Assets Investments 208,114 1,940 418,763 420.703 210,054 418 763 628,817 209,267 389,228 598,495 208,114 Current A55•t5 Cash at 8ank and In Hand Oebrors & Prepayments Total Current Assets 43,834 21,242 9,697 35 9.732 6,895 781 60,426 22,OS8 81,484 82,489 20.614 103 103 Cr•dltors: amo¢Jnts falllng due wlthln one year 2.564 2.564 2,841 NET CURREt4T ASSETS 62,512 9,732 7,676 79,920 100,262 TOTAL ASSETS less currèni Ilabllilles 270,626 430.435 7,676 708,737 698,757 Credltors: arnounts falllng due In rHore than one year io NET ASSETS 270,626 430,435 7,676 708,737 698,757 Fundts of th• Ch•rlty: General Funds Designated Funds Restrlcted Funds 270,626 270,626 430,435 7,676 288,680 408,046 2,031 li 12 430,435 7,676 TOTAL FUMOS 270,626 430.435 7,676 708,737 698,757 Dlrectors, Responslbllltlej: The charltable company's flnancial statements have been prepared In accordance with the provi51ons applicable to companies subject to the srnall companie5 regirne. The D1CtorS conslder that rhe company Is entltled lo exempllon from the requirement to have an audit under the provislons of sectlon 477 of the Companie5 Act 2006 1.the Act") and rnembers have not required the company to obtain an audit for the year In ouestlon in accordance with section 476 of the Art. However, in accordance with 5ectlon 145 of the Charlties Act 2011, the accounts have been examined by an Independent Examlner whose report appears on page 23. The Directors acknowledge their responslbilitles for complying with the requirement5 of the AEt kvith respect to accounting records and the preparation of financlal statement5. Approved by the Directors on the .2024 Slgn¢d on thelr behalf by P Taylor Chair of Trustees Signed on their behalf by D Wright Church Leadership Team Leader Printed Name.. Mr P Taylor Prlnte¢ Name., Mr D Wright li
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31ST MARCH 2014 I. ACCOUNTING POLICIES ga$is of Prep3ration & Asges$ment of Going Concern B•sl$ of Preparatlon The financial statements have been prepared under the hlstorlcal cost conventlon wlth Items recognlsed at cost or transacrion value unless otherwise stated in the relevant notes. The financial statement5 have been prepared in accordance with the. Statement of Recommen(Jed Practice.. Accounting and Reporting by Charltie5 preparlng thelr accounts In accordance with the Flnancial Reporting standard applicable In the UK and Republic of Ireland IFRS1021 leffectlve l January 20191 Ichèrities SORP - FR51021 and the Charltie5 Act 2011. The Charity meets the deflnition of a publlc benefit entity under FR5102. Assets and Ilabllities are Initlally recognised at hlstorlcal cost unless otherwlse stated In the relevant accountlng pollcy notes. Asgessment of Golng Concern Preparation of the account5 15 on a going concern ba51s. The Dlrectors conslder that there are no materlal uncertalntles about the Charlty's ability to continue as a golng concern. Cash Flow Statement The company has taken odvantage of the exemptlon In Flnanclal Reportlng Standard No I from the requlrement io produce a cash flow statement. Changes to prevlous accounts There have been no changes to the prevlous accounts. Incornlng Resource Recognltlon of Incomlng Resources These ère included in the Statement of Financial Activities1SOFAI when.. the charity becomes entitled to the resources., the trusrees are vlrtually certaln they wlll recelve the resources,. and the monetary value can be measured wlth sufficient rellablllty Incomlng Resources wlth Related Expendlturn Where Incoming resources have related expenditure las wlth lundralslng or contract Income) the Incomlng resource and related expendlture are reported gros5 In the SOFA. GrJnt$ jnd Donatlons Grants and Donarions a only Included In the 50FA when the charlty has uncondltlonal entitlement to the resources. Tax Reclalms on DonatSons and Glfts Incoming resources from tax reclaims are Included In the 50FA at the same tlme ès the glft to whlch they relate. Contractual Incom• and P•rform•nc¢ Related Grant• This Is only included In the SOFA once the related good5 or servlces has been dellvered. Glfts In Klnd Gifts in kind are accounted for at a reasonable estimate of their value to the charlty or the amount actually realised. Glfts in kind for sale or distribution are included in the accounts as gifts only when soSd or distributed by the charity. Glfts in klnd for use by the charity are included in the SOFA as Incoming resources when recelvable. Donated Servltes and FJcllltles These ar2 only Included In Incoming resources (with an equlvalenl amount In resources expended) where the beneflt to the charity 15 reasonably quantifiable, measurable and material. The value placed on these resources Is the estimated value to the chanty of the service or facility received. Volunteer Help The value of any voluntary help recelved Is not incluéed In the accounts but Is descrlbed the trustees, annual report. 12
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTXES CHURCH) (Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (Contlnued) FOR THE YEAR ENDED 31ST MARCH 2024 I. ACCOUNTING POLICIES (Contlnued) Investment Income This Is included in the accounts when receivable. Investment Galn$ and Losses Thi5 included any galn or loss on the szle of Investments and any galn or loss resultlng from revaluln9 Investments to market value at the end of the year. Expendlture and LTabllltle Llablllty Recognltlon Llabilllles are recognlsed as soon as there Is a legal or consrructSve obligation comrnltting the charlty to pay out resources. Govern•nce Costs Include c05t5 of the preparation and examination of statutory accounts, the costs of the trustees, meetln95 and cost of anv legal advlce to trustees on 9overnance or constitutlonal matters. Grant wlth Performance Condltlons Where the charlty gives a grant with condltlons for its payment belng a speclflc level of 5ervlce or output to be provided, such grants are only recognised in the SOFA once rhe reclplent DI the 9rant has provlded the specified servlce or output. Grants Pay•bl• wlthout P•rformanc• Condltlons These are only recognised in the accounts when a commitment hos been Made and there are no condltlons to be met relatlng to a grant whlch remaln In control ol the charlty. Pen•lonJ The charity operates a deflned contrlbution pension scheme. Contributions aro char9ed to the Statement of FlnancSal Actlvltles s they become payable In accordance wifh the rules of the scheme. Op¢r•tlng L¢•Je• Rental charges payable under operatlng leases are charged on a stralght Ilne basls over the terms of the lease. T•x•tlon The charlty Is exempt from tax on Its charitable actlvltles. Legal Status of th• Charlty The charity 15 a company limited by guarantee and has no share capltal. In the event of the chadty belng wound up, the Ilabllitv In resDect of the quarantee 15 limlted to £1 Der member of the charltv. Inv•stmtnt$ Investments quoted on a recognlsed stock exchange are valued at market value at the year end. Other Investment assets a included at tru5tees' best e5tlmate of market value. Flxed Asséts Tan9ible fixed a55ets for use by the charity are capitali5ed if they can be used for more than one year and cgst at least £1,500. They are valued at cost or. if glfted, at the value to the charlty on receipt. There has been no chanqe to the accountinq pollcie5 Ivaluation rules and methods of accountlnql slnce last year. Depreciation Expense Oepreciation Is calculated at a rate to write off the cost of tangible fixed a55ets on a reducing balance over their 25tirnated Useful Ilves. The rates applled per annum are as follow5.. Building Improvements Furnilure & Fittings General Equlpment 25 25 25Yo 13
3 COUNTIES VZNEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {Contlnued) FOR THE YEAR ENDED 31ST MARCH 1014 2. INCOME Unrestricted Fund5 Oesignated Fund5 Restrlcted Funds TOTAL 2023124 TOTAL 2022123 a) Donatlons & L•4acl•s Regular Gift5 Gifts & Donatlons Glft Ald Tax Recovered 183,284 27,330 38,451 183,284 61,916 39,267 168,402 71,311 35,426 11,12 22,952 11,634 816 b) Inv•stment Income Bank Interest DSvSdends li 442 11,198 442 11,198 600 6,934 c) Charlt•bl• Actlvltle• Activlties & Events Playtime Jncome Playtlme Income (Adlustmentl 7,660 75 3,065 7,735 3,065 4,440 2,331 11,361) 12 d) Othér Income Gain on sale of asset Tralnlng and Conferences Income 379 140 140 140 140 379 It was oiscoverea auring a review ot balances exercise, that some Income èna expenditure received and Spent In the 2019120 financial year for the Playtime group was Inadvertently entered agalnst the general fund as well as belng entered against the restricted fund, resulting In a duplication and incorrect balance of cash In hand held In the sum of £1,361 beSng attributed to the general fund. Th¢s wa5 a clerical error. An adjustment has been made to the general fund to correct the positIDFI. 14
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Llmlted by fjuarantee) NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR EIIDED 31ST MARCH 2024 3. EXPENDETURE Unrestricted Funds Designated Funds Restrlcted Funds TOTAL 2023/24 TOTAL 2022123 Note •) Cost of Charltable Actlvltle• Actlvities & Events Bank Charges Catering Costs Children's Costs Church Life Expenses Cleanlng Costs Cornmunlcatlon C05t5 Corrmunlty Ourreach Conference Costs Oebt Advice Costs Depreclation Expenses Development Fund.. Investmenr Mana9ement Fees Equlprnent Costs Glfts & Donatlons Insurance Costs IT Support Costs Lava Costs License & Subserlptlons Mlnlstry Expenses Playtlme Expenses Premlses Hire Prlntlng. Postage & Statlonery Repairs & Maintenance Staff Costs Sundry Expenses Tear Fund utllity Costs Vineyard Contribution Visitlng Speakers Expenses Youth Expenses 13,309 122 1,195 2,700 1,023 9,333 300 I,S03 7,310 13,309 122 1,195 2,700 1,023 9,333 300 1,503 7,310 27,960 3,113 L2,853 117 1,136 1,277 625 8,546 510 285 4,988 27,206 L,629 li li 27,960 647 2,466 li 1,158 1,158 1,590 36,693 3,472 827 2,336 4,471 604 1,296 6,860 1,657 3,519 148,073 3,371 2,S57 2,511 41,339 3,550 89 1,400 4,423 1,155 2,014 6,364 1,548 5,263 131,405 3,440 840 4,922 10,648 1,195 915 1,590 10,631 3,472 827 2,336 4,471 604 11,12 16,038 10,024 12 1,296 6,860 1,657 3,S19 148,073 3.371 840 12,213 12,499 2.512 1,2?3 15 12,213 12,499 2,512 1,273 256 009 313 132 284 750 b) Governance Costs Legal & Profe55ional Fees Independent Examinerts Fee 1,720 1,710 1,720 1,710 1,672 1,680 15
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE CQUNTIES CHURCH) (Cofflpany Limoted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENPED 31ST MARCH 2024 4. DETAILS OF CERTAIN TYPES OF EXPENDITURE 20231Z4 2022123 Fees paid to the Independent Examiners - Jndependent Examination Fees paid to the Independent Examlners Other professional fees 1,500 210 1,470 210 5. TANGIBLE FIXED ASSETS General Fund General Fund Genera1 Fund Gentrèl Fund Deslgnated Fund Land & Furniture fittings Equlpment Costs Equipment Costs Total 31-MJr-24 Improvement Harnmer Tltle No.. WSX237251 CosVV?luatlon Additions Cost at 01-Apr.23 200,000 17S,958 17,539 31.632 5,969 431,098 31-Mar-24 Depreclation Charge DepreclaLltsn at OL.Apr-23 175,316 160 15,295 561 27,838 3,382 647 221,83 1 31-Mar-24 Nel Book Value Net Book Value 31-Mar-24 31-Mar-23 200,000 482 210 054 A surveyor wa5 contracted to provlde a draft valuatlon report lor the Hammer slte In 2016. Although there was limited property sale data for thls type of prDpertYi the report suggested a base valuation In Its current condition of £200.000. The rebuild Insurance advlce for the property provlded on 29th January 2020 was £950,000. In thls financial year the Trustees agreed that any expendlture on equipment, flxtures and flttlngs that fell below the Indlvldual capltallsatlon threshold of £1,500 would be wholly wrltten off In thls flnancial perlod. No other departures from the accounllng pollcles were made. The annu?1 commltments under non-cancelllng operating leases and Capital eommltments are as follows., 31st March 2024 .. None 3 1st March 2023 .. None 6. INVESTMENTS Cash or cash equivalents esigna es Fun Fund nres Fund Total 31-Mar-24 Carrylnp Ifairl value at beglnning of pedod Add., additlons to investments during period Less.. disposals at carrying value Add/ldeductl'. transfer in/lDUtI In the period Add/ldeductl'. net gain/lloss} on revaluation Carrylng Ifairl value at end of year 389,228 389,228 10,040 19.495 418 763 10,040 418 763 A5 at 31st March 2024 the charity held the following in its Investment portrollo- Unlt loOt Fund name Market value Cost. 62,896.61 1.817777 70,720.62 1.614851 109,569.29 1.0448 15,491.66 2.84 114,332 BMO MM Lifestyle 114,203 ISFL Sinfonia 114,478 Cornelian Managed D 43,938 Flrst Sentier Cash 124.409 121,320 116,560 45,677 10,797 386,951 418 763 16
3 COUNTIES VINEYARD (FORMERLY K140WN AS THREE COUNfxES CHURCH) (Company Limited by Guarantee) MOTes TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST MARCH 2024 7. CASH AT BANK AND IN MAND Llnrestricted Fund Designated Fund Restrirted Fund Total 31-Mar-24 Total 31-Mar-23 Current Account 3CMA Account Deposlt Accounts 17,999 7,214 2,483 6,895 32,108 2,483 25,835 53,685 3,411 25,393 25,635 43,834 9,697 6,895 82.489 8. DEBTORS AND PREPAYMENTS Unrestrictetd Fund Deslgnated Fund Restricted Fund Total 31-Mar-24 Total 31-m?25 Gift Aid Tax Recoverable Loans 21,242 35 78L 22,058 19,929 685 35 781 9. CREDITORS ACCRUALS AND DEFERRED INCOME.. AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestrlcted Fund Desi9nated Fund Restrlcted Fund TotJl 31-Marv24 Total 31-m•23 HMRC PAYE and NI Independent Examlner'5 Fee 854 1,710 854 1,710 1,161 1,680 10. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR The Charity held no long term labllitle5 durlng th15 or the prevlous financial perlod. 17
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31ST MARCH 2024 11. DESIfjNATED FUNDS CURRENT YEAR Total 01-Apr-23 Income GainllLos51 on Expencjiture Investments Expendltu IPLJrchase of Fixed Assets) Transfers Total 31-Mar-24 Development Fund Dorcas Fund 3CMA Det>t Advlce Lqgal Reserve Fund 392,916 1,719 3,411 10,000 11,640 19,495 {6,9741 I LO,8691 127,9601 417,077 875 2,483 10,000 10.025 4,080 22,952 TOTAL .04 92 The fund transfers represent.. Dorcas Fund Dorcas Fund 3CMA Debt Advlce 11,3751 transfer to restrlcted Hardshlp fund 11,400 transfer frorn general fund for monthly 5UPPOrt 4,080 transfer from general lund for monthly support PRIOR YEAR Income Income (Gain on sale of asset) Expendlture Expendlture (Loss on Investments) Transfers Total 01-Apr-22 Total 31-Mar-23 Development Fund Dorcas Fund 3CMA Oebt Advlce Legal Reserve Fund 410,889 3,260 5,607 10,000 10.778 1,150 20,93a 15,2201 111,0911 127,2061 123.531) 392,916 1,719 3,411 10,000 8,400 4,080 TOTAL 429,756 32,858 408 046 The fund transfers represent: Oorcas Fund 3CMA Debt Advlce 8,400 transfer from general fvnd for monthly support 4,080 transfer from general fund for monthly support The Development Fund was establlshed by the Leadershlp team to support future developments in the church buildings or personnel. elther The Dorcas Fund was set up to provide support lor vorious charitable artivities. The amounts transferred from the general funcj are set at 5Wo of the charlty's regular glfts and offerfngs. 3CMA Debt Advice 3CV has been running 3CMA debt advice for Several year5. We have now moved the office out of the ctturch and so are looklng for extemal fundlng for some of Its costs. The fund was set up to clearly icjentlfy all 3CMA costs and Income and be available to support funding applications,. Prior to 2014, 3CMA was a part of Frontline Debt Advice. Since 2014, Frontline dlvideé all branches into Members and Partners and 3CMA became a Partner branch sponsored by 3CV. The Legal Reserve Fund was estsbllshed by the Trustees specifically for potential legal cost5. 18
3 COUNTIES VINEYARD (FORMERLY KNOWN A5 THREE COUNTIES CHURCH) (Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST MARCH 2024 11. DESIGNATED FUNDS (continued) The Deslgnated funds are wholly represented by= 31-Mar-24 31-Mar-23 F5xed Asset5 Inve5trnents Cash at bank and in hand Debtors 1,940 418.763 9.697 35 2,587 389,228 15,546 685 430.435 408,046 12. RESTRfcTeD FUNDS CURRENT YEAR Total 01-Apr-23 Tot•1 31-Mar-24 Income Expenditure Transfers Desl9nated Glfts Elalnes Fund Hardshlp Fund Mlchelles Fund Playtime 11,2671 3,358 3,710 14,2521 11,3001 12,3341 12, 1381 11,2961 11,8091 2,OS8 1,587 4,131 1,709 2,546 6,269 3.065 1,375 1601 TOTAL The fund transfers represent., Hardshlp Fund 1,375 transfer frorn De51gnated Dorcas fund PRIOR YEAR Total 01-Apr-22 Total 31-M4p23 Income Expendlture Transfers Deslgnared Gifts Elaine5 Fund Playtime 15181 1.000 343 20,436 2.648 2,331 118,2861 12901 12,0141 12,899} {1,2671 3,358 1601 17201 TOTAL 59 The fund transfers represent.. Deslgnated Gifts 12,8991 for muslc equipment purchased. The terms of any restrlcrion were met once the equipment was purchased, and the asset was transferred to general funds.. {7201 for contrlbution to general fund for building ccst5, energy and refreshments Playtlme The De$lgnated Glfts Fund was established to recelve varlous speclftc offers of support from members of the church and are applied as grants in accordance with the member5 W15hes. ElJlnes Fund was set up followlng a glft left In a w511, for the purpose of enabling leaders, members and young people to attend retreat and mission trip5. Thi5 fund wa5 set up to help fund people In the church go on misslonary trips, retreat days or training events where they wovld not otherwise be able to afford to do so. Hardshlp Fund Is to provlde flnancial assistance to Indlvldualslfamilles in need Ino restrictions on what Lype of financial helpl Michelle's Fund was sel up in 2023. following the sudden death of Michelle. a church attendee. The purpose of this fund is to provide financial help for Michelle'5 hu5bond and 3 young children both now and in future years. Playtlme is a weekly parÈnt and toddlers group with loo+ attending where parents pay a £2 donation. 19
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Llmlted by Guarantee) NQTES TO ThE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 MARCH 2024 12. RER]CrED FUNDS {continued) The Restncted funds are wholly represented bv.. 31-Mar-24 31-Mar-23 Cash at bank and in hand Debtors 6,895 781 2,031 13. ANALYSIS OF NET ASSETS BY FUND Unrestrlcted Fund Deslgnated Fund Re5trlcted Fund Total 31-Mar-24 Total 31-Mar-23 Flxed Assets (Tanglble A55etsl Flxed Assets Ilnvestmentsl Net Current Assets Long Term Liabllltles 208,114 1,940 418,763 9,732 210,054 418,763 79,920 209,267 389,228 100,262 62,512 7.676 270 626 430 435 708 737 698 757 14. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES The Company Is Llmlted by Guarantee 1074902941 and Is a Charlty reglstered wlth the Charlty Commlsslon l 11402141 and does not have a Share capltal and has no Income sublert to Corporatlon Tax. 2023124 2022123 Surplus / Oeficlt for the Ilnanclal year Other Recognlsed GainsllL055es} 19,5151 360 Balance Brouoht Forward Opening 8alance Adjustment 698,757 720,830 1,098 Closlng Funds at 3L5t March 202412023 708 737 698 757 20
3 COUNTIES VINEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS (ctsntinued) FOR THE YEAR ENDED 31ST MARCH 2024 15. STAFF COSTS AND NUMBERS TOTAL 2023124 TOTAL 2022123 Gross Wages and Salarles Ernployer'5 Natlonal fnsurance Costs EmplDyer's Natlonal Insurance Costs Iprlor yearls underpayment) SMP Recovered Ernployer's Penslon Contributions 138,118 5,880 72 126,619 3,999 3,232 16,0071 3,562 4,003 148,073 131,40S The Charlty operates a PAYE Scheme to pay all employed members of Staff. The 2023124 Employers NI figure includes the full £5,00012022123'. É5,0001 employment allowance clalmed. Number of employees at the end of the year who were engaged In each of the followlng actlvltles Ilncludes full tlme and part tlme employee51'. TOTAL 2023124 TOTAL 2021123 Charltable Actlvltle5 No employees CeIved emoluments In excess of £60,00012022123.'Nonel The charity operates a government backed defined contrlbutlon pension scheme. Contributions are charged to the Staternent or Financlal Actlvltle5 as they become payable In accordance v4Ith the rule5 of the scherne. The charlty Is under no further obligatlon to make any extra payments Irrespectlve of how that pension fund performs. The employer contributlons in 2023124 amounted to É4,003 12022123: £3,562). The key management personnel of the charity comprise the Tru5LeelDirectors and the Church Leadership Team. One TrusteelDirectOT Is remunerated for thelr role as Operations Manager. Two members of the Church Leadershlp Team are remunerated. The total employee beneffts lincludin9 employer natlonal Insurance and employer penslon contrlbutionsl of the key management personnel of the charlty were £73,851 12022123.. £63,700). 16. DIRECTORS AND OTHER RELATED PARTIES As dlsclosed above In note 15, one TrusteelDirector received remuneratlon for thelr role as Operation5 Manager. Name of trustee Legal authority Amounts id or benefil value 2023124 TOTAL 2022 23 TOTAL Remuneration lincl employer Nll Pension M Brown Governlng document 23,701 658 24,359 23,262 23.701 658 A related party to Trustee D Wright (his spouse) recelved remuneratlon of £21,216 12022123.. £14,501) for her role as Pastoral and Projects Leader. Employer national insurance ènd employer pension contributions totalling £2,309 12022123.. Él, 171) were a150 paid by the Church in connection with this employment. These payments are also included in the key management personnel calculatlon In note 15. No other payments were made to directDfs Dr any persons connected with them during thi5 financial period. No material Iransartlon took place belween the charity and a trustee or any person connecLed with them. 21
3 COUNTIES VIIIEYARD (FORMERLY KNOWN AS THREE COUNTIES CHURCH) (Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST MARCH 2024 17. RISK ASSESSME14T The Directors actively revlew the major risks whlch the charity fèces on a regular basis ènd believe that maintalnlng the free serves Stated. combined with the annual revlew of the contro15 Over key financial systems carried out on an annual bashs will provide sufflcient resources In the event of adverse condltlDns. The Directors have also examined other operarional and business risks which they face and confirm that they have established systems to mitigate the significant risks. 18. RESERVES POLICY The Directors have considered the level of reserves they wish to retaln, appmpriate to the charity's needs. This Is based on the charlty's size and the level of flnancial cornmitments held. The Dlrectors alm to ensure the tharity wlll be able to contSnue to rulfll its charitable obleclives even If there 15 a temporary shortfall In Income or unexpected expenditure. The directors will endeavour not to set aslde funds unnecessarllv. 19. PUBLIC BENEFIT The Charlty acknowledges Its requlrement to demonstrate clearly that it must have chadtable purposes or 'aims' that are for the publlc benefit. Details of how the charlty has achleved thls are pmvlded In the Report of the Directors. The directors conflrrn that they have pald due regard to the CharSty Commlsslon guldarice on public beneflt before declding what actlvitles the charity should undertake. 20. OPENING BALANCE ADJUSTMENT In the pr?vlous flnanclal year, It wa5 dlscovered durlng a revlew of fixed assets held exerclse, that in asset purchased In 2020 and costing £1,5 19 was Inadvertefitly omitted frorn being entered IntD the fixed asset register. It was wrltten off to expenditure In that year. The asset Is stlll In use, therefore the Trustee5 made the dec151on to Introduce IL Into the charlty accounts last flnanclal year. An openlng balance adjustment was made to correct the posltion as follows.. Cost Accumulated Depreclatlon to 31st March 2022 Net Book Value at 31st March 2022 1,519 421 1,09 22
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS I report to the trustees on my examlnation of the accounts of 3 Countles Vlneyard for the year ended 31st March 2024. Responsibilities Jnd basls ol report As the charity'5 trustees of the charitable cornpany (who are also the d1CtOrS of the company for the purposes of company lawl, you are responsible for the preparation of the accounrs In accordance wlth the requlrements of the Companles Act 2006 1.the 2006 Act'l. Havlng satisfied myself that the accounts of the charltable company are not requlred to be audlted for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinatlon of your charity's accounts s carried out under section 145 of the Charlties Act 2011 ("the 2011 Act-l. En carrylng out my examination. I have followed the Dlreetlons glven by the CharlLy Comrn15slon (under secilon 145{5)Ibl of the 2011 Act. The company'5 gross income exceeded E250,000 and l am qualifled to undertake ¢he examination by being a member of The Assoclarion of Charlty Independent Examiners. Independtnt examlner's statement I have completed my examination. I conflrm that no materlal matters have come to my attention whlch gives me cause to believe that.. ccountlnq record5 were not kept In accordance with sectltsn 386 of the Companlts Act 2006,, or the accounts do not accord wlth such records., or the accounts do not comply with relevant accountlng requlrements under section 396 of the Companles Act 2006 other than any requirement that the accounts glve a 'tnJe and fair, vlew whlch Is not a matter consldered as part of an Independent examlnation., or the account5 have not been prepared In accordance wlth the Charltles SORP IFRS1021. have no other concerns and have come across no other matters In connectlon wlth the examinatlon to whlch attentlon should be drawn in this report In order to enable a proper under5tènding of the accounts to be reached. Slgned.. FCIE 17 October 2024 Independent Examlners Ltd Unit 2 The 6roadbrldge Business Centre Delling Lant Bosham West Sussex P018 8NF 23