2023-03-31-accounts - Vine Christian Centre, Bridgend

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			Page
Report ofthe Trustees		1	to	20
Independent Examiner's	Report		21
Statement of Financial	Activities		22
Balance Sheet		23	to	24
Notes to the Financial Statements		25	to	35
Detailed Statement of Financial Activities		36	to	37

Meeting Date	Pastor A Ashton	Mrs H Pettey
		Appointed
		August 2022
09August 2022
13December 2022	Y
17January 2023

					2023	2022
			Unrestricted	Restncted	Total	Total
		Notes	funds 6	fund 6	funds f	fundsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies			241,902		241,902	227,306
Charitable activities
General Church Fund						959
Other trading activities			3,684		3,684	1,053
Investment income			8,952		8,952	8,673
Other income			82		82	75
Tots I			254,620		254,620	238,066
EXPENDITURE ON
Raising funds		5	4,112		4,112	2,141
Charitable activities
General Church Fund			212,933		212,933	198,188
Gates of Praise			87		87	107
Bridgend Pregnancy Crisis	Centre		1,317		1,317	1,194
Total			218,449		218,449	201,630
NET INCOME			36,171		36,171	36,436
RECONCILIATION OF FUNDS
Total funds brought forward			650,306		650,306	613,870
TOTAL FUNDS CARRIED	FORWARD		686,477		686,477	650,306
CONTINUING OPERATIONS
All income and expenditure	has	arisen from continuing	activities.

					2023	2022
			Unrestncted	Restricted	Total	Total
		Notes	funds f	fundf	funds f	fundsf
FIXEDASSETS Tangible assets		12	569,304		569,304	418,583
CURRENT ASSETS
Stocks Debtors Cash at bank and	in hand	13 14	19,366 103,095		19,366 103,095	1,000 10,126 228,482
			122,461		122,461	239,608
CREDITORS
Amounts falling due within one year		15	(5,288)		(5,288)	(7,885)
NET CURRENT ASSETS			117,173		117,173	231,723
TOTAL ASSETS LIABILITIES	LESS CURRENT		686,477		686,477	650,306
NET ASSETS			686,477		686,477	650,306
FUNDS		17
Unrestricted funds: General Church Fund Church Building Repair Fund					686,477	600,306 50,000
					686,477	650,306
TOTALFUNDS					686,477	650 306

2.	OTHER TRADING ACTIVITIES
		2023	2022
		E	E
	Books, cd's and literature	468	153
	Conferencing and events income	3,216	900
		3,684	1,053
3.	INVESTMENT INCOME
		2023	2022
			6
	Rents received	8,400	8,400
	Bank interest recewed	552	273
		8,952	8,673

4.	INCOME FROM	CHARI	TABLE ACTIVITIES
				2023	2022
				Total	Total
				activities	activities
				f	f
	Grants				959
	Grants received,	included	in the above, are as follows'
				2023	2022
				6
	Covid-19 Job Retention		Scheme		959
5.	RAISING FUNDS
	Other trading activities
				2023	2022
				f	f
	Purchases			1,034	46
	Bad debts			2,450	1,750
	Bank and credit card charges			628	345
				4,112	2,141
6.	CHARITABLE ACTIVITIES COSTS

					Grant
					funding of
					activities	Support
				Direct	(see note	costs (see
				Costs	7)	note 8)	Totals
				6	6	6	6
General	Church	Fund		171,824	36,939	4,170	212,933
Gates of	Praise				87		87
Bridgend	Pregnancy		Crisis Centre	1,317			1,317
				173,141	37,026	4,170	214,337

							Grant
							funding
						Direct	of	Support
						Costsf	activities f	costs	Totals 6
General	Church		Fund			161,799	31,064	5,325	198,188
Gates of		Praise				107			107
Bndgend		Pregnancy		Crisis Centre		1,194			1,194
						163,100	31,064	5,325	199,489
GRANTS		PAYABLE
								2023	2022
General	Church		Fund					36,939	31,064
Gates of		Praise						87
								37,026	31,064
The total		grants	paid	to individuals	during	the year was as follows:		2023	2022
								6	F
Missions								29,132	23,769
Hands ofcompassion Ministry giRs Other giving								4,401 1,200 2,293	3,801 2,500 994
								37,026	31,064

8.	SUPPORT COSTS
							Governance
							costs
	General Church Fund						4,170
	Support costs, included		in the above, are as follows:
						2023	2022
						General
						Church	Total
						Fund	activities
						6	6
	Accountancy fees Legal and professional	fees				2,940 1,230	2,726 2,599
						4,170	5,325
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
						2023	2022
							5
	Depreciation —owned assets Independent Examination fee					14,116 660	11,753 618
	Independent Examiner Independent Examiner	- -	accounts other services			1,980 300	1,854 254
10.	TRUSTEES' REMUNERATION			AND BENEFITS
						2023	2022
						5
	Trustees' salaries Trustees' social security Trustees' pension contributions			to money purchase	schemes	46,017 2,456 1,989	44,677 2,773 1,922
						50,462	49,372

STAFF COS	TS
						2023	2022
							E
Wages and salaries Social secunty costs Other pension costs						96,181 4,223 4,095	106,365 5,106 4,312
						104,499	115,783
The average	monthly	number	of employees	dunng	the year was as follows:
						2023	2022
ViChiti	Centre					4	5

TANGIBLE FIXEDASSETS
		Fixtures
	Freehold	and
	property	fittings f	Totals E
COST
At 1 April 2022 Additions	526,143 163,629	25,563 1,208	551,706 164,837
At 31 March 2023	689,772	26,771	716,543
DEPRECIATION
At 1 Apnl 2022 Charge for year	115,468 11,786	17,655 2,330	133,123 14,116
At 31 March 2023	127,254	19,985	147,239
NET BOOK VALUE
At 31 March 2023	562,518	6,786	569,304
At 31 March 2022	410,675	7,908	418,583

13.	STOCKS
					2023	2022
					8	6
	Shop stock					1,000
14.	DEBTORS:AMOUNTS	FALLING DUE WITHIN		ONE YEAR
					2023	2022
	Trade debtors				6 530	5
	Sundry debtors				18,836	10,126
					19366	10,126
15.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE		YEAR
					2023	2022
					E
	Trade creditors Social security and other taxes Sundry creditors and accruals				5,288	574 2,791 4,520
					5,288	7,885
16.	LEASING AGREEMENTS
	Minimum lease payments		under non-cancellable	operating	leases fall due as follows.
					2023	2022
					8	8
	Within one year Between one and five years				3,080 5,382	1,391 3,829
					8,462	5,220

						Net	Transfers
						movement	between	At
					At 1.4.22	in funds 6	funds 6	31.3.23 f
Unrestricted funds
General	Church	Fund			600,306	36,183	49,988	686,477
Gates of Praise						316	(316)
Bridgend Church	Pregnancy Crisis Centre Building Repair Fund				50,000	(328)	328 ~50,000)
					650,306	36,171		686,477
TOTAL	FUNDS				650,306	36,171		686,477
Net movement		in funds,		included	in the above are as follows.
						Incoming	Resources	Movement
						resources 6	expended f	in funds
Unrestricted funds
General	Church	Fund				253,108	(216,925)	36,183
Gates of Praise Bridgend Pregnancy			Cnsis Centre			468 1,044	(152) ~1,372)	316 ~328)
						254,620	218,449	36,171
TOTAL	FUNDS					254,620	~218449)	36,171

Compara	tives f	or m
				Net	Transfers
				movement	between	At
			At 1 4.21	in funds	funds	31 3.22
			6	6	6
Unrestricted funds
General	Church	Fund	563,870	36,447	(11)	600,306
Gates of Praise				(2)	2
Bridgend Pregnancy Crisis Centre Hayes Yard Fund Church Building Repair Fund			50,000	(9)	9 (50,000) 50,000	50,000
			~613870	36,436		650,306
TOTAL	FUNDS		613,870	36,436		650,306

Comparative net mov	ement in funds, included in	the above are as follows
		Incoming	Resources	Movement
Unrestricted funds		resources	expended f	in funds 9
General Church Fund Gates of Praise Bndgend Pregnancy	Crisis Centre	236,713 153 1,200	(200,266) (155) ~1,209)	36,447 (2) ~9)
		238,066	(201,630)	36,436
TOTAL FUNDS		238,066	~201,630)	36,436

A current year 1	nths and prior year	12 months combined	position is as	follows:
			Net	Transfers
			movement	between	At
		At 1.4.21 f	in funds 5	funds 6	31.3.23 6
Unrestricted funds
General Church Fund Gates of Praise Bridgend Pregnancy Hayes Yard Fund	Crisis Centre	563,870 50,000	72,630 314 (337)	49,977 (314) 337 ~50,000)	686,477
		613,870	72,607		686,477
TOTAL FUNDS		613,870	72,607		686,477

		Incoming	Resources	Movement
		resources	expended	in funds
		5
Unrestricted funds
General Church Fund Gates ofPraise Bridgend Pregnancy	Cnsis Centre	489,821 621 2,244	(417,191) (307) ~2,581)	72,630 314 ~337)
		492,686	420,079	72 607
TOTAL FUNDS		492,686	~420,079)	72,607

	2023f	2022 6
INCOME AND ENDOWMENTS
Donations and legacies
Donations and offerings	206,608	193,887
Gift aid	35,294	33,419
	241,902	227,306
Other trading activities
Books, cd's and kterature	468	153
Conferencing and events income	3,216	900
	3,684	1,053
Investment income
Rents received	8,4OO	8,400
Bank interest received	552	273
	8,952	8,673
Charitable activities
Grants		959
Other income
Sundry income	82	75
Total incoming resources	254,620	238,066
EXPENDITURE
Other trading activities
Purchases	34	46
Shop stock movement	1,000
Bad debts	2,450	1,750
Bank and credit card charges	628	345
	4,112	2,141
Charitable activities
Trustees' salanes	46,017	44,677
Trustees' social security	2,456	2,773
Trustees' pension contnbutions	1,989	1,922
Wages	50,164	61,688
Carried forward	100,626	111,060

			2023f	2022f
Charitable activities
Brought forward			100,626	111,060
Soma l security			1,767	2,333
Pensions			2,106	2,390
Rates and water			870	364
Insurance			6,033	5,331
Light and heat			6,919	4,654
Telephone			3,456	3,217
Postage and stationery			3,875	2,351
Advertising			260	440
Travelling expenses			1,059	858
Refreshments	and meals		2,002	950
Accomodation			149	142
Subscnptions			120	140
Music, PA & lighting			955	1,668
Licensing			1,294	1,128
Resource and	training	costs	1,318	711
Events			3,944	561
Catering costs			2,445	1,461
Equipment hire			934	658
Venue hire and	rental		2,583	1,030
Repairs and renewals			16,311	9,899
Freehold property			11,786	9,603
Fixtures and fittings			2,329	2,151
Grants to indwiduals			37,026	31,064
			210,167	194,164
Supportcosts
Governance	costs
Accountancy	fees		2,940	2,726
Legal and professional		fees	1,230	2,599
			4,170	5,325
Totalresources	expended		218,449	201,630
Net income			36,171	36,436