REGISTERED COMPANY NUMBER= 07353864 (England and Walesl REGISTERED CHARITY NUMBER: 1140722 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR VINE CHRISTIAN CETrRE. BRIDGEND Graham Paul Limited Colrrt House Cwrt Road Brhjgend CF31 1BE
VINE CHRISTIAN CENTRE, BRIDGEND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of thè Trustees I to 21 Independent Examinerfs Report Statèmèrtt of Financial Activities 23 Balance Sheet 24 10 25 Notes to the Financial Statements 26 to 37 Detailed Ststement of Finaneial A¢tivities 38 to 39
VINE CHRISTIAN CENTRE, BRIDGEND REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financi21 statemenls of the eharity far the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporbng by Chattbes- Ststemenl of Recommended Practi applicable to charities preparing thèir accounts in accordan with the Finantial Reporting Stsndard appli¢able in the UK and Republic of Ireland IFRS 1021 leffects.ve 1 JaUary 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Govèrning document The charity is controlled by its goveming document, a d8gd of trusl, its arttdes of association, and conslitutes a limited company, limited by guarantee. as defined by the Companies Act 2(X)6. The company is govemed by its articles of assoctation as adopted on 21 July 2010. as amended by special resolution gisted al CompanÉes House on 2 November 2011 as amended by special resolutionlsl dated 12 July 2015 Re¢ruitment and appointment of new trustees The trusteé board regularfy reviews the skill set makeup of the board to ensure that the needs of the charity are adequately catered for. Truslees are rewited frorn within the rnembership of the Ifine Christian Centre and musi regular in their attendance and a financial partnèr wth thè charity. The Chair would propose to the full trustee body a partiGular Indivu#l and they would be discussed and agreed uwn. The Ghair would seek to bring the trustee body to a unanimous position, however, if this was not possib. the trustees woukl vote on the protx)sed candidate. REFERENCE AND AOMINISTRATIVE DETAILS Registered Company number 07353864 (England and Wales) Reglstered Charity number 1140722 Règisterèd office The Vine Christran Centre Australian Centre ridgend, CF31 1 LY Trustees Mr A M Ashton Mr5 A K Hinchey MrLRHill Mrs H E Fettey The Chief Executive Officer and Chair oflhè board of trustees is A M Ashton. Indgpendent Examine Graham Paul Lifftiled Court House, Court Road Bridgend. CF31 1BE
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 ildin The Vine Christion Centre Introduction On behalf of the Church Trustees. l am delighted to intrjU our Annual Report for the year April 2023 to March 2024. The first part of the report comprtses a legal review and the second part is an oveNiew of Church activity in the year. As I ieflect on the last year the church has starled to move fotward. has started to see growth and we have seen a new senior leadership team established. There has been growth in Sparklers, Kingdom Kids and Breakthrough Youth. We organised a very fruitful festival into Wildmill and we continue to pla an emphasis on mission throughout the church. We have seen many new people come and there is an excitement about what God is going to do amongst us. As we look ahead, I believe that God has given us a door for effective work that has opened to us. Let us move forward together to see His Kingdom come and His will being done. We have a God who is faithful to the things Ihal He has promised us. Every blessing Pastor Alex Ashton Chair, Trustees
VINE CHRISTIAN CENTRE. BRIOGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 We are pleased to presentthe report ofthe Trustees tor theyear ended 31°, March 2024. Objects of the Vine Christian Centre The objects of the Vine Christian Centre are the advancement of the Christian faith in accordance with the statement of faith set out in the schedule to these Articles in particular but not exclusively bythe= 2.1.1 The provision for and assistance and support of missionaries and Christian workers in Great Britian and throughout the World. 2.1.2. Publishing. printing and distribution of the Bible and Christian literature. 2.1.3. Establishment of a library ol recorded material on Christian subjects and the circulation and distribution ot the same. 2.1.4. The arganisation of Christian meetings. worship. and outreaches. 2.1.5. Relief of people in poverty or special need. 2.1.6. Furtherance of Christian education by the provision of establishments and facilities for the same. In setting the objectives and planning the activities the Trustees have given due consideration to general guidance published bythe Charity Commission relating to public benefit and believe that they satisfy those requirements. Governance and internal control The Trustees oversee the leg818nd financial running of the Vine Christian Centre. The spiritual work and life of the Church is overseen by the Pastors. aided by Elders. The Trustees work closely with the Pastors and the staff who rtjn the church office on a day-to-day basis. The Trustees meet at least three times a year and have regular additional contact through other meetings as necessary. All Trustees attended all meetings in line with the following schedule.. Pastor Meeting Date Mr L Hill Mrs H Pettey MrsA Hinchey A Ashton 04.07.23 12.09.23 06.12.23 18.12.23 05.03.24
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Risk The Trustees take risk seriously and all major insurable risks are subject to normal Churches, and Employers, insur2n¢e. All contractual risks are reviewed before being entered into, to ensure that they could not significantly impact upon the ability to fulfil the objectives. Appropriate prolessional reviews of the building slructure. condition. and compliance with relevant legislation. have been undertaken in the recent past, and the Trustees are compiling a robust schedule that will focus on the continued viability of the fabric of the building, both to setve those that attend and to mitigate loss or damage to the structure. Staff The Trustees are clear that the staff are one of the organisation's greatest assets. In ensuring that staff are appropriately remunerated the Vine Christian Centre h8S chosen to sign up to the Joseph Rowntree Real Living Wage and so no member of staff is paid less than this. The buildings As highlighted by several professional reports as referred to above. the Trustees are aware that the building remains in need of substantial investment. A schedule is in development that will Euide the phased work to maintain and improvement the buildings over the coming years. Appropriate priority will be given to those irnprovements that mitigate risk to people or property. It is the intention of the Trustees to use much of the operational surplus to invest in the fabric of the building, and the Trustees do not have current plans to raise capital using a legal charge over the property.
VINE CHRISTIAN CENTRE, BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Financia( News Income generation The Vine Christian Centre is dependent on the generosity of the congregation for the majority of its income. Nany individuals practice tithing and as a consequence income Irom offerings tend to be constant and steady throughout the year. During the financial yeartithes 8nd offerings increased byaround 8.5 %. Expenditure reduced by 13%which was primarilydu8 to 8 26% reduction in wage costs. Reserves The Trustees have maintained a policy on reserves so that in the event of some adverse or unforeseen circumstances, there would always be sufficient reserves available to meet core objectives and contracts. The level of reserves is not set a5 a specific formula, the Trustees estimate the level of reservesto coversuch events to be around £30.000. Grant makingpolicy The Trustee's policy is to tithe li.e. give away) at least 10% of its income to external organisations and individuals who are working toward the same aim5 and charttable objectives as the Vine Christian Centre.
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Review of the Year 2023- 2024 The Vision of the Church The visian of the church is to build a House of Love so that there is a visible demonstration of the Agape love of God revealed through God's church to the community of Bridgend and the nation ofwales. The Bible is centr21 to the church's teaching and beliefs. In accordance with Romans 1=18 "The righteous shall live by f8irh" and John 13:34 -A new comm8ndmentlgivo royou, thatyou love one anotherjustas Ihave lovedyou. youalso are to love one another'there is a strong emphasis on walking by faith through love. We are building a"HOUSE of LOVE" inthree directions=_ We love UPWARD toward the Fatherand seektofulfilthe greatestcommandment to love the Lord our God with all our heart and with all our soul and with all our mind. We love WITHIN towards our churchfamily here in thevine byseekingtofulfiljesus. commandmgnt to the church "as I have loved you. you also are to love one another" We love OUTWARDLYtowards ourcommunityand therefore seekto fulfilthe commandment to 'love ou r neighbour as our self." The review of 2023124 which follows highlights the activities of the Church in the 12-month period in each ofthe areas above
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Building a"HOUSE of LOVE"_ UPWARDS We love UPWARDtoward the Fatherand seektofulfilthe greatest commandment to love the Lord our God with all our heart and wth all our soul and with all our mind. As we lookto love the FathertheO main areas of church activityare prayer and worship. Prayer Coming togetherto pray is an important aspect of the life of the church family. When the church comes togetherto pray, God speaks, mountains move, and prison doors open. We see this demonstrated in Acts 2 when the Holy Spirit fell on the church. Acts 4 when the building they were in was shaken, Acts 12 when Peterwas rescued from prison byAngels and Acts 13 when Paul and Barnabas were set apartfortheir missionarywork. Prayerweek Prayer week is a time of focused prayer in J8nuary. A prayer diary was produced for everyone. and we met as a church family 8 times across the week. This year the church focused on the words of Jesus -your kingdom come, yourwill be done on earthas itis in he8ven" Matthew 6v10. There was a separate prayerfocus foreach day: Sunday Monday Tuesday Wednesday Thursday Friday S8turd8y Prepare your heart SpiritU81 Unity Go into all the world God amongst His people Your Kingdom come Irine to a vineyard. Fresh revelation Prophetic words Atthe beginningof OctoberAlexremaiked thatthe Lord was sawng as we have bmo pregnant women in the worship team getting readyto give birth the Lord was toingto birth something new inthe church. Then on the 15tr October both babieswere born on the same day.
VINE CHRISTIAN CENTRE, BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 During prayerweek we invited a number of prophetic voices to speak into the church. The following words were received: I the Lord am taking you in a very specific direction and as you obey the voice of the Lord your God and take that even left turn. as He leads you dovm the path it is almost as if you are going downhill and tLJrning to the left, the Lord himself is tAkingyou down a different way and He is doing It so that you may have 8 very specific encounterwith Him. Richard Steadman The Lord will do a newthing amongus and we will experience the sound of heaven. Those who have forsaken the house will return. I will move by my Spirit and you will minister in a new Authority. David Glave We are in a season of preparation for change that is coming. A next wave of something is going to hit that will affect normal life in some way and it won't be easy. We have a year oi Iwo to get ready. Isaiah 54v1-3 The Lord wants tochang& us from a Vine to avineyard. Strengthen the stakes. God willadd more tent pegs. Everyone has a partto play. Prophetic sign of 8 tent peg- David Chadwick Isaiah 54v1-3. Sing O barren women your barrenness is no more We are here for a purpose so now enlarge yourself. extend the tent. Prophetic sign of Tent pegs- enl8rge yourtent- Geoff Waggot The Prayer Chain The prayer chain was set up to respond to crisis and emergencies that require prayer. This confidential service is activated by a phone call to the office. The requests are then given to the te8m leaderwho in turn passesthem. and any updates on via phone. text. or e-m8il down the chain. The ch8in enables 8 team to quickly and collectively prayfor any needs that arise, both within the church and outside. Examples of requests received this year are personal healings. breakthroughs in personal or family circumstances, and healings for others including relations. friends, and colleagues. The hour of Prayer "The Hour of Prayer" is ar in person gathering to pray and worship together. This meeting is the middle of every month and provides ? focused hour of corporate prayer. It provides an opportunity for the church family to g8ther togetherto prayforthe church, the community and the nation
VINE CHRISTIAN CENTRE. BRIOGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Worship The Worship Team is led by Kelly Poole and it continues to make a major contribution throughout the church. The worship team serve the church and is involved in the regular meetings including Sunday gatherings. hour of prayer and encounterworship evenings as well as any special events. Events The Worship Team plays 8 signific8nt role in the 'lrfe of the church'and all members ol the team use their skills with passion and enthusiasm to seNe the vision of the church. Throughout the year the Worship Team have been involved in a varied number ofevents. The team is committed to excellence. and everyone gives so willingly of their time to ensure events run smoothly and to a high standard. The Sound Team continuesto play8n integr81 p8rt ofthe Team and the commitment and effort shown throughout theyear has been exemplary. New sound and lighting system In February a newdigital sound system was installed replacingthe old analogue system which was de8med to have come to the end of its natural life. Along side the new sound system a new lighting system was installed. The inst811ation has provided a significant upgrade to the church's technological, musical and lighting tacilities.
VINE CHRISTIAN CENTRE, BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Building a "HOUSE of LOVE"_WITHIN We love WITHIN towards our church familyhere inthewine byseekingto fulfiljesus. commandment to the church "as Ihave lovedyou. you 81508reto love one anotheR'. We have sought to invest in, and love. our church familyin severalways duringtheyearsome ofwhich are mentioned below. Pastoral Care Throughout the ye8 rthe church has sought to ensure people were pastorally supported. Pastoral support and prayer are provided bythe pastors ofthe church and others 8$ requested. Sunday services The Sunday 10.30atn service is the focus of our gathered church family. It is a time to worship God and receive instruction. encoLJragement. and correction from God's Word. A full programme for years 2 to 18 is run duringthe Sunday service with approximately 30 volunteers helping in all the age groups In House speakers Alex Ashton Peter Williams D8vid Chadwick Tim Grist Ben Pottinger Guest speakers Pastor Femi Ogunbanwo- Northwales Pastorjohn Bullock- Gatewaychurch Newcastle Pastor Peter Davies- Crewe Pastor lan Andersen- Neath -1(>
VINE CHRISTIAN CENTRE, 8RIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Events directed at the Church famlly. Launch of Freedom in Christ- September 2023 Christm88 Choir- December2023 PrayerWeek-January2024. E8Ster Celebrations What on Earth am I hearfor-teaching coursewith Rickwarren Feb 2023 Events directed 'Outwards'_ details later in this report. The Wildmill Festival- August 2023. A Wildmill Christmas- seasonal outreach into the Wildmill estate- December 2023. Christmas outreach events utilising a cross section of the church- December 2023. Youth Ministry The Church believes strongly in investing in, encouraging and equipping future generations to do great things for God. Therefore. a range ot ministries continued to work with our young people throughout the ye2r. Breakthrough Youth 11-18 years Breakthrough Fridays Frid8y NightYouth-This meeting is aimed atYears7-13 and metweeklyfrom 7.ooto 9.00pm. Breakthrough Sundays Sunday MorninEYouth- This meeting is aimed atyears 7-13 and takes place duringthe seNice afterthe offering when traditionally all minors go to their respective teaching groLTPS. Service Sunday Member5 of Breakthrough Youth are able to sign upto a varietyof ministryareas. wheretheyserve on the l8StSundayof each month. This is known as'SeNice Sunday., Ministry are8s include- Kingdom Kids, Sparklers. Teas and Coffees, Ushering. WelcomeTe8m, Worship Team, SoundTeam. and the Woyds team. The idea isto give the opportunityfor ouryoungpeopleto seNe in a variety ofways, discoverwhat they are good at. have a better idea about the church as a whole and build relationships with church meTnbers they might not normallyencounter. -11-
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR EMOED 31 MARCH 2024 Dramarama Days These drarna days enoourage young people to cultivate their dramatic gifting. They are usually run in half term and provide an opportunity for training, teaching. fellowship and fun. They also work towards building stronger relationships within our youth group. Youth Band In August Youth Band was relaunched with the aim of cultivating our next generation of musicians. Claire and Kelly led the sessions and they cultninated in the Youth leading the worship during the family service at Christmas. Kingdom Kids 5-11 years This group is for children in Reception to Year 6 (typically 4- 11 year olds} and is led by Helen Pettey and her team In October 2023. theteam ran a Namia Party asan alternative Halloween event. The event provided a safe, scare-f ree. and fun-filled environment for children- churched or unchurched-to come to and to also hear a relevant bible lesson. The Kingdom Kids children and teamwere able to puttogether a fun Christmas presentation forthe Church. which was enjoyed byall. Spa kle s Sparklers This group is for children aged between 2-5 years old. -12-
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Sparklers continued lane Ashton has overall lead for crèche and called it'Sparklers'_the aim being that each child can shine for Jesus frorn a young age. Currently one year olds to children starting Reception are accepted. A team of volunteers have stepped up and four leaders in¢ludingJane teach each month with two supporting staff. The team have been veryaccommodating and supportive particularlythrough Cowd spikes. Sparklers has grown in numbers over the yearwhich is veryencour8ging. SmalL Groups Small discipleship groups ran in the church until the summer holidays looking at the book of ACTS using the IVP study book by PhyLlis Le Peau. They met fortnightly and provide discussion. fellowship. and pastoral support for people within the church. Freedom in Christ In Septemberthe churGh launched the freedom in Christ course and everyone was encouraged to attend.This was run throughoutthe Autumn and approximatelyso persons attended. The courgtt was well received and many people were spiritU811y impacted by what they learnt. It is intended to run the course every otheryear and encourage every person to attend it at leastonce. Tuesday Church In JanuaryTuesday church was launched. The focus was on the vision of the church and in particular The seven loundations of the house of love that are listed below. 1. Worship -we live to worship and honour God and seekto encounter His presence in ourgatherings. 2. Family-we desire to create a safe. lovingand welcomingcommunityfor people ofall 8ges and backgrounds to belong. 3. Mission- We are intentional about sharingthe good news of Jesus Locally, nationally and internationally. 4. Faith - We believe the Bible is the Word of God and we teach people to live by faith. 5. Discipleship-we equip believers to become followers of Jesus. and seekto build LJP the body of Christ to do Hiswork. 6. Gifts of the Spirit- We believe that all the gifts of the Holy Spirit are av8i18ble to us today and we expect to see people healed and made whole bythe power of God. 7. ResourGing- We beb.eve in the goodness and abundance of Father God. We are blessed so that we can be a blessillg and seek to resource others to extend the Kingdom of God. New life Duringthe year 2 adults and 2 children became part ofthe membership ofthe church. We also held one baptism service duringthe year. There were 6 baplised in January2024. -13-
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Building a"HOUSE of LOVE"_OUTWARDS We love OUTWARDLYtowards our community and therefore seek to fulfilthe commandment to 'love our neighbour as our self." The Church seeks to be rnissional in its outlook and activities, endeavouring to reach the world with the good news of Jesus Christ. Church members are encouraged and challenged to reach people in their own sphere of relationships with the love and message of Jesus. This is seen to be th8 responsibility ol everyone within the Church not just a select few. In addition to this the Church reaches out to people and communitie8 locally, nationally, and internationally as the Lord provides us opportunities. At the heart of our community outreach ere the commandments of Jesusto love our neighbourand to go into the world and PTe8ch the Gospel. We do this through sharing both the message of the gospel as well as practical help and support that is rooted in the good news of Jesus. Sharing the message of the gospel The Wildmill Festival Wildmill is a local housing estate known tor being an area of deprivation (Ranked 118 out of 1,909 local areas in Wales and is currently in the 10% most deprived areas in Wales- Welsh index of Multiple depravation (WIMD) 20191. It IS 8pproxim8tely I S minutes, walk from the church building- In August 2023 the Church Ofganised its second three-day festlV81 in Wildmill to both increase its presence within the estate and to bless the people of the community- This year we partnered with Litchard Mission. The following events were run either out of the Wildmill Community Life Centre or the Vine Christlan Centre.. Monday Tuesday Wednesday Craft Day Fun day Musical Theatre In addition the church was able to bless 25 families with food hampers. These individuals were either nominated by key community indivlduals orwere people met byteam members. Allthe various events were wellattended and the church's reputation wthin the community has continued to positively increase. -14-
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Christmas outreach events During Decemberwe held four separate outreaches. Acarolserwce. a Christmas familyservice, a candle lightcommunion semce on the 24, and a Christmas in Wildmill event. Activities across the Christmas season included= A Sunday morningfamiLyservicewhere selection boxes weregiven outto everychild in attendance. This was mirrored in the evening to ensure everyone could attend at least one service. A Carol seNice on the Sunday before Christmas A Christmas event in ihewildmill Community Life Centrewhere selection boxes were given to every child. The eventW2s verywell attended, and the numbers of selection boxes needed was under estimated. More selection boxes needed to be bought duringthe event lo ensure therewere enough togoaround. A Christmas Eve communion semce bycandletight. A supermarketvoucher programmewas organised through the church hands ofcompassion ministry to help families in greatest need within the church farnily. Providing Practical Care and Support Bridgend Pregnancy Crlsls Centre The Bridgend Pregnancy Crisis Centre I[idEnpO0Qrg] continued to support women in crisSs. -15-
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Bridgend Pregnancy Crisis Centre continued The virtual office telephone system offers a full semce as all calts to the number are transferred to a mobile so that the person can be spoken to at any time by rnutual appointment - a seNice which clients have re811y appreciated. The Centre also operates out of Hartshorn House in Maesteg. The Centre counsellors prowde support for women and their families in dealing with an unexpected pregnancy. abortion, post abortion, miscarriage and still birth. All counsellors are fully trained and 5peciali5e in pregnancy crisis issues, aiming to provide accurate information with short or long-term support and counselling that is client led. Hands of Compassion The Church demonstrates practical love to people through the Hands of Compassion fund with the Eiving of benevolent gifts and food hampers in times of crisis. During the Christmas season the Church partnered with Llamau I www.11am -.org.V.k I by providing hampers for their hostels and their residents within the Bridgend County. Donations of food and moneyare made by church members and are supplemented by Pound for the Kingdom collections. This has enabled the church to supportthose in need with hampers and supermarketvouchers. Supporting other Ministries Tithe of the Tithe and Pound forthe Kingdom The Church believes in tithing and practices what it preaches through the Tithe of the Tithe. This means that 10% of church income is given to organisations and ministries in furtherance of causes which complement and supplement the Church's wsion and activities. -16-
VINE CHRISTIAN CENTRE, BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Tithe of the Tithe and Pound forthe Kingdom continued The money is also added to by monthlycollections from the congregation called Pound forthe Kingdom. During the year 2023124 the following ministries were all supported: Love Wales Evangelism. [ www.lovewale Christians Against Poverty. I www. Street Lights. Isupportingwomen outof prostitution). I www. Nessage Wales. [ J SAT-7 Christian TV. I ww.sat?_._or£ I Housingjustice Cymru. [WN.housin Elam Ministries. Iwww. tr )rg._uk ] In addition to the above ministries the church has well established relationships with several ministries that have been supported overtheyears, includingduring2023124. These include= The Christian Institute The Christl8n Institute Iwww.christian.org.ukJ is a British registered charity and Christian pressure group run by Colin Hart. They promote a conserv8tive Christ18n viewpoint, founded on 8 belief in Biblical inerrancy. The Christlan Institute exists for 'the furtherance and promorion of the Chiisti8n religion in the United Kingdom. and 'theaclv8ncementof education.. CHRISTIAN INSflTufE Liz Hughes Liz is a Ministry team leader in World Horizons UK [ .worldh riz klanda member ofthe Vine Christian Centre. She leads a team of Base Supportworkers who supportworkers trained and sent outfrom the UK. This involves helping prepare colleagues before they le8ve for another nation, supporting them via e-mail and Skype while they are there. and debriefingthem when theycome back as well as coordinating all the practical arrangements. They are the first point of contact in an emergency and liaise with the sending churches. She is also a Pastoral Field Visitor for Southeast Asia and visit the teams there regularly. She is the prayer coordinator for the UK team and helps at Signpost and English Corner in Swansea which are outreaches to international students. workers. and refugees in the city. WORLD HORIZONS -17-
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Rob Burns wale Rob leads Missional Links Wales l .MisSIonaLl1nkrSk I whose purpose is to- encourage USA churches and Welsh churches to collaborate in mission across each Welsh county and across the nation in long term relationships. inspire Welsh churches to work together as a ' hub ol transformation, to bring lasting spiritual transformalion to their county. provide ongoing support, missional training and consultancy to Welsh and USA churches. With evangelical Christianity at just 2% of the population of 3 million (Source.. Ev8ngelic81 Alli8nce IW81esJ). WaLes is a mission field in extreme need of strategic help and support f rom outside of its borders. Missional Links Wales seeks to support and initiate this process. missional links-wales Open Doors The church is a partner church with Open Doors. an international ministry serving persecuted Christians and churches worldwide. Open Doors support persecuted Christians with Bibles, Christian materials, training, livelihood skills. and advocacy and in a whole host of other ways - so that they know they are not forgotten and c8n stand strong to serve their comrnunities so that they can give life. They seek to mobilise the church in the UK & Ireland. not only to serve Christians living under religious persecution. but also to learn Irom them what it means to be a disciple of Jesus. In over 50 countries. OpenDoors The church supports Open Doors financially. through prayer. participation in the International Day of Prayer for the persecuted church and Christmas card letter writing initiative to prisoners. -i&
VINE CHRISTIAN CENTRE, BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Sat7 Sat7 Television ILo[g] supports the Christians ofthe Middle East and North Africa in their Christian witness and lives. The station beams the Good News of the KinEdom of God straight into people's homes. into the centre of family life. It delivers Christian media for the Middle East and North Afric8. Through ihe power of satellite television, a message of hope and love is shared directly into the lives of illions of people. every day. Their channels byp8SS Strict government censorship and side-step the ch811enge of illiteracy. Viewers are drawn to the high-quality programming and a hope-filled view of the world. Phil James-Trans world radio Phil James has had a relationship with our church going back over 20 years during our time as a national book distributor. Phil is a missionary with Trans World Radio. Phil serves on their US Media Services as a Senior Account Executive. Trans Wortd Radio is the world's most far-reaching Christian radio network. Speaking fluently in more than 300 languages. TWR exists to reach the world for Jesus Christ. It's global media outreach engages millions in 190 countries with biblical truth. leading people from doubt to decision to discipleship. -1
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRLISTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Conclusion As I reflect on the year there has been a steadily building spiritual Momentum that has seen the church recover in size, strength and vitality. It has been especially encouraging to see the growth in 811 ihe children ministries and in particularlythe growth of Breakthrough Youth. The ChLJrch has been challenged bythe propheticwords from player week in January. We were challenged to allow God to change us and to meetwith us. When Geoff and David both spoke out of Isaiah 54v1-3 and both provided tent pegs as a prophetic sign it felt like God was speaking loudly to us. The focusing of our mission towards the Wildmill estate continues to build relationships between our church and the local community. The church WILI continue to focus its evangelistic endeavours towards Wildmill in the years ahead. There is still a need for the Holy Spirit to move through our church in a fresh way, to ref resh, revive and encourage God's people. Aswe lookahead. I believe we need 8 greaterfocus on prayer asthe things we are looking to see are not by might. nor by power but by the Spirit ol God. I want to end bythankingall thosewho have served, given, prayed, and encouraged Jane and myself. We appreciate and love you and look forward to all God is going to do in the years ahead. Every Blessing Alex Pastor Alex Ashton -2¢>
VINE CHRISTIAN CENTRE. BRIDGEND REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Stateent of tru5tees' responsibilities The Iru5tees {who are also directors of Vine chrisb.an Centre. Bridgend for the pUoSe of Gompany Jawl are spOnSible for preparing thè Trustees, Annual RerK)rt and thè financial statèments in acLordanee th #PICable law and Unitèd Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Praclicel. The trustees aTe responsible ft)r keeping proper accounting records whic* disdose wrth reasonable accuracy at any time Éhe financial poSin of the charitable company and whith enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Company law requires the trustees to prepare financial statements for each finanal year which giv8 a tru8 and fair view of the stale of affairs of the charitable company and ol the incoming sourceS and application of resources. including the income 8nd Èxpèndilure. ofthè etharit8ble ex)mpany for that pèrtod. In prèp8ring thèsé finanual ststemènts, the trustees are requi to.. - select suitable accounting pole5 and then apY Ihem consistently; - observe the methods and incipleS in the Charities SORP- - make judgements and estimates that are reasonable and prudentr. - slate whether applicable UK Accounts. Standards have been folk)wed. subject to any material departures disclosed and explain in th8 finan(#al statements,. and prepare the finanaal statements on the going concern basis unless tt is inappropriate to presume that the haritable cornpany will conts'nue in operation. Small company provisions The company has taken advania9e of the small companies. exemption th gardS this report whi¢h has been prepared in accordance with the prowsions of the Companies Act 2CK)6 apICable to cKJmpanies subject to the sm811 companies rÈgimè. This trustees rewrt was aPprovj by the board on .. and swJned on its behalf by A M Ashton Trustee l DSrector I Chair -21-
INOEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF VINE CHRISTIAN CENTRE, BRIDGEND Independent examinerfs report to the trustees of Wine Christian Centre. Brtdgend I'the Company'l ewrt lo the Gharity trustees on my examinalion of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's tsustees of Ihe Company land atso its direciors for the purposes of eampany lawl you are responsible lor the pieparaiton of the accounts in accordance with the requirements of the Companies Act 2Wfj Ilhe 2006 Act.). Having satislied myself that the accounts of the Company are nol required to be atjdited under Part 16 of the 2006 Act and are eligible for Independent examinab"on, I report in respect of my examination of your charills accounts as carried out under Seetion 145 01 the Charities Act 2011 llhe 2011 Ac('l. In Carrying out tny èxaminalion I have followed the Diwtions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examinevs statÈmÈnt Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can nfirm that l am qualffied to undertake the examination l)e¢ause l am a member of the Institute ol Chartered AcGwntants in England and Wales, which is one of Ih8 listed bodies. I have completed my examination. I confirm Ihat no matters have come to my altenbon in conneclion wth the exarnination giving me cause to believe-. accounling records were not kept in SpeCt of the Company as required by Section 386 of the 2006 Act.. or thè accounts do not accord wfh Ihose records: or the accounts do not Gomply with Ihe acCn11n9 requirements of SectK)n 396 of thè 2006 Act other than any requirement thal the aCtntS give a true and fair v*w which is not a matter considered as part of an independent examination.. or the accounts have not been prepared in accordan wlh the methods and piinciples of the Slalemenl of Recommended Practice for ac£ounb"ng and reporting by charities {applicable to charilies preparing their accounts in accordance wth the Financial RetIng Stsndard applicable in the UK Republic of Ireland IFRS 102}1. I have no concems atmfj have comè across rK) other rnatters in connection with the examination to which attèntion should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. J E Payne ACA Graham Paul Limited Court House Court Road Bridgend CF31 1 BE Date..
VINE GHR15TIAN CENTRE, BRIDGEND STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total fund5 Unreslri¢ted funds Restrict8d funds Notes INCOME AND ENDOWMENTS FROM Donations and legaaes 253.871 9,056 262,927 241,gL)2 Other trading aelivities Investment incom8 other income 3.030 1D,426 158 3.030 10.426 3,684 8,952 82 Totsl 9,056 276.541 254.620 EXPENDITURE ON Raising funds 3,863 3.863 4.112 Charitable activities GeneTal Church Fund Gates of Praisè Bridgend Pregnancy Crisis Centre 174.024 9.952 183.976 212.933 87 1.317 1,257 1,257 Total 179.144 9.952 189.(J96 218,449 NET INCOMEI{EXPENDITUREI Transfers between funds 88.341 3.4801 18961 3,480 87.445 36.171 16 Net movemènt In funds 84.861 87,445 36,171 RECONCILIATION OF FUNDS Total funds brought f(Kward 686.477 686.477 650,306 TOTAL FUNDS CARRIED FORWARD 771.338 773.922 686,477 CONTINUING OPERATIONS All incomè Ènd expenditurè has arisen from conlinuing alvibeS. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES During ihe course of this years accounis. some restricted income and expenditure relating to the previous year was identified thxt w8s not disclosèd in last years accounts. As th8 arnounts Invoed wer8 not material to the accounts, the cornparatives have not been amerKled to sh(Mf Ihem separately. This has had no impact on thg overall fund position as there were no Sicted fijnds brought fonvard at the start of the prevtous yèar or carried foTW8rd at the end ol it. Thè notes fiThi part of these finanual statements -23-
VINE CHRISTIAN CENTRE, BRIDGEND BALANCE SHEET 31 MARCH 2024 31.3.24 Total funds 31.3.23 Total lunds Unrestiicled fvnds Restricted tunds Notes FIXED ASSETS Tangible 8ssets 6[.653 606.653 569.304 CURRENT ASSETS Stod(s Debiors Cash at bank and in hand 12 13 22.887 149.550 22.887 152.134 19.366 103,095 2.584 172.725 2.584 175.309 122.461 CREDITORS Amounts fxlling due wilhin one year 14 (8.0401 18.0401 15.2881 NET CURRENT ASSETS 164,685 167,269 117,173 TOTAL ASSETS LESS CURRENT LIABILITIES 771.338 773,922 686.477 NET ASSETS 771,338 773,922 686.477 FUNDS Unrestricted funds". General Church Fund Restricted funds.. New Building Fund Open Doiys 16 771,338 686.477 48C) 2.1Q4 TOTAL FUNDS 773,922 686,477 The notes fomi part of th8se financial st8temènts -2
VINE CHRISTIAN CENTRE, BRIDGEND BALANCE SHEET. conttnued 31 MARCH 2024 The charitablè company is Èntitled to exemption from audil under Section 477 ofthe Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtsin an audit of its financial statements lor th8 year ended 31 March 2024 in accordancè vAth SÈelion 476 of thè Companies Act 2006. The trustees athnowtedge their responsibilities for lal ensltring that the charitable company keeps a¢Unting red$ that wmply with Sections 386 8nd 387 of Ihe Companies Act 2006 and preparing financial statemenls which give a tNe and fair view of the stale of affairs of the charilable company as al the of eath finanrAal year ar of tts surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and whi¢h otherwise comply with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the charitablè company. Ibl These financial slatements have been prepared in accordance the provisbns appll¢abl8 lo charftsble Gornpanies subject lo the small c4)mpanies regime. The financial statements were approved by the Board of Trustees and authorisèd for issuè on and were signed on its beha by: A M Ashton - Trustee The notes fom part of these ffinan81 ststements -25-
VINE CHRISTIAN CENTRE, BRIDGEND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing thè linancial statements The financial slatements of the charitable company, which is a publiG benefft entity under FRS 102. have been prepared in accoréance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Rec¥)mmended Practice applicable to charities prepari their accounts in accordance with th& Financi31 Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 20191.. Financial Reporling Standard 102 The FinanGial Reporting Standar applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial ststèmènts have been prepared under Ihe hisioncal cost convenlion. The presentation currency of the finanGial statements is Ihe Pound Sterfing l£}. Income AJI ineomè is ognISed in the Statement of Financial Activities once the charity has enlitlemenl to Ihe funds, it ts probable that the income wll be received and the arn<yJnl can be measured rel'.ably. Donations and legaaes are recognised at the FK)ini of rer£ipt wth any aSslated gfft aid recognised in the period the claim relates io. Income from trading activities consists of income re¢ewed in exth8nge for the supply of go<)ds and serwces in order to raise fvnds and is recognised when entsuement has occur. Investment income includes intèresl and rental income. Inleiesl is recogni58d on leIpt and rent income is recognised as the charity's righl to receive payment is established. No amounl is induded in the finanual stalemenls for vdunteer time in l(ne with the SORP. Expènditure Raising funds èxpenditure rprISeS costs incurred by Ihe charity in relal(on to its income from trading activities and rental income. Charitable adivities expenditure comprises those costs incurred by the charity in the delivery of its charitablè aims, ot¥'éetivès and activities and those lated to the provision of services lor its beneficiaries. Liabilities ar& recognised as expenditure as soon as there is a legal or constnjctwe obligation committing the charity to that expenditurè, it is probab that a transfer ol economic benefits will be required in settlement and the amunl ol the obligation can be measured relrably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all c05t related to the category. Where costs cannot be directty attributed to paCular hèadings Ihey havè n alloc818d to 8clivilies on a basis consistent wth the use of resources. Grants offered subiecl to conditions which have not been mel at Ihe year end date 8re noted as a commilrnenl bul not acuued as expenditure. Support costs Support costs are those that assist the work of the chanty bul do not direcuy represent ¢harilable acliwties and Inrlude govemance costs consisting of accountancy. kgal and professional fees. They are incurred directly in support of expenditure the objects of the charity.
VINE CHRISTIAN CENTRE, BRIOGEND NOTES TO THE FINANCIAL STATEMENTS - conlinuèd FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Tangible fixèd assèts Tangible fixed assets are ststed at cost less accumulated depreaation and accumulated impairment losses. Cost inGludes the original purchase pri. plus any costs direclly attributabje to bringing the asset lo its working condition for intertd use. Dèpreu8tion is prowded at the folk)wing annual rates in order to tte off the cost less estimated restdu81 Value of eath asset over its ests'mated useful life. Freehold property Fixtures and fittings - 2% on cost - 15% on c4)si Land is not depreciated. Stocks Stocks are valued at the bwer of cost and nat realisable value. after making éLtè allowance lor obsolete and slow moving ilems. Taxation The charity is exempl from Crporation tsx on its charitsble activities. Fund accounting Unreslricted fund5 are available for use at the dIsttOn of the ITUStees in furtherance ol the general objectives of the Gharity and which have not been designated for other pUrps. Designated funds comprise unrestricted funds that have been set aside by the trustaes for parCular purposes. The aim and use of each desunaled is set out in the notes to the financial siatements. Restricled fvnds can only be used for particular iestrided putposes wthin the objed5 Qf the charity. Reslr4ctions arise when spectfied by the donor or when funds are raised for particular restricted purposes. Further èxpl8nation of the nature and purpose of èach fund is indud8d in the not8S to thé financi81 statements. Forelgn currèncles Assets and liabilities in foreign currenues are nSlated into sterling at the rates of 8xchang8 ruling at the balance sheet date. Transactions in IoTeign currenoes are translated into sterling at Ihe rate of exchange ruling at the dale of transaction. Exchange dtfferences are taken into account in arriving al the operating result. Pension costs and other postryretirement benefits The charitable company operates a defined conlribution pension scheme. Contributions payable lo the ¢haThlable company's pension herne are chaiged to Ihe Slalement of Finanal ACtrtES in th& period to whith they rèlate. Cash at bank and in hand Cash al bank and cash in hand in(4udes cash and short leTrn hvJhty IN4uid investments with a short maturity of lèss than one yèar. ]t also indudes some donat gokl and siÈr coins, which as thèy are held as sh(*t term accessible charity funds and are readi realisable into ¢ash, have been treated as cUrnt assets. They a carrd at valualion with any thange during the year going through the SOFA as gains or losses on revaluation. -27-
VINE CHRISTIAN CENTRE, BRIDGEND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Financial instruments The charty only has finanaal assets and fillanGial liabilrts of a kind Ihat qualify as basic financial instruments. Basic finanaal instruments are inilially re¢ognised al Ir8nsactvn value and subsequently measured at their settlement valve. Debtors and creditors receivablelpayable within one year Debtors and creditors with no staled interest rate and WeiVab or payab within one year are recorded at transaction price. Any losses arising from impaimient are recognised in expenditure. Critical accounting judgements and key sources of estimation uncertalnty The key areas ofjudgemenl and estimate5 used in the preparation of the accounts are.. allocation of income and expenditure to relevant funds - the estimated useful lrfe of fixed assels recovèrability of Ilebts Going con¢em and material uncertainties The Irustees wnfirm that they see of no reason why Ihe Charity should not b8 viBwed as a Going Concem entVLy and c£>nsider that thÈre are no material uncertainties aboul the charities, ability lo Gontinue as a goino concem nor are there any material uncertainbes affecting the current yearfs accounts. OTHER TRADING ACTIVITIES 31.3.24 31.3.23 8ooks and coutsès litérature Gonferencing and events income 1,263 1.767 468 3,216 3,030 3.684 INVESTMENT INCOME 31_3_24 31.3.23 Rents received Bank intèrest recEived 8.400 2,026 8,400 552 10.426 8,952 -28-
VINE CHRISTIAN CENTRE. BRIOGEND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Othèr trading acttvttiès 31.3.24 31.3.23 Pur¢hases Bad debts Bank and credit card charges 2.325 1,050 488 1.034 2,450 628 3.863 4.112 CHARITABLE ACTIVITIES COSTS Grant furK]ing of a¢b"vil*s (see notè 61 Support casts (sèé note 71 Direct Costs Totals General Church Fund Brtdgend Pregnancy Crisi5 Cenlre 139.743 1.257 32.199 12.034 183,976 1.257 141,OCKI 32,199 12.034 185,233 Comparatlves for charitable activities costs Grant fvnding Direct Costs Support rA)Sts activities Toials General Churth Fund Gates ol Praise Bridgend Pregnancy Crisis Centre 171.824 36.939 87 4,170 212,933 87 1,317 1.317 173,141 37.026 4,170 214,337 -2
VINE CHRISTIAN CENTRE. BRIDGEND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENOED 31 MARCH 2024 GRANTS PAYABLE 31.3_24 31.323 General Churth Fund Gates of Piaise 32.1 36.939 87 32,199 37,026 The lolal grants paid to indiwduals during the year vras as folk)ws- 31_3.24 31.3.23 Missions Hands of compaSOn Ministry grfts Other giving 2Q,241 1Q,126 1,300 532 29,132 4,401 1,200 2,293 32.199 37,026 SUPPORT COSTS Goveman costs General Church Fund 12.034 Support costs, included in the above. are as follows.. 31.3.24 General Church Fund 31.3.23 Tolal Acuntan fees Bookkeeping Leg818nd professional fees Consultan 3.360 2.561 413 5,700 2,94 1,23LI 12,034 4.170
VINE CHRISTtAN CENTRE, BRIDGEND NOTES TO THE FINANCIAL STATEMENTS - conlinu•d FOR THE YEAR ENDED 31 MARCH 2024 NET INCOMEIIEXPENDITUREI Net incom8llexpenditurel is slated after chargingl(creditingl= 31.3.24 31.3.23 Depreciation - owned assets Indepèndènt Examination feè Independent Examiner- accounts Independenl Examiner- other semces 18,215 800 2.200 360 14.116 660 1.980 300 TRUSTEES. REMUNERATION AND BENEFs 31.3.24 31.3.23 Trustees. salaries Trustees. social security Tnjstees, pension contributions to nK)ney purchase schemès 47.898 1.117 2,070 46,017 2,456 1,989 51,085 50.462 Trustees remuneration above relates to A M Ashton. This remuneration is paid to Mr Ashlon for his role wholty as Chief Executive & Church Pastor and not for hK5 rok as a trustee of the tharity- Trustees. expenses During the year the charity made payments lo 1 12023- 1) trustee totalling £51712023." £7fj41 in rtspect of the reimbursernent of expenses incurred wholty and exdusNely for the purposes of charity activities. Trustee expenses dIJri the year relaled to travel and Subsisten claims of £497 12023.. £46118nd reimbursed costs of £20 {2023'. £3031 . The above expense5 paid to Mr Ashton relate wholly to his role as Chief Executwe & Church Pastor and nol lor his role as a trustee of the charily. 10. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social seoJrity costs Other pension costs 72,304 1,318 3,033 96,181 4,223 4,095 76.655 104,499 The average monthly number of employees during the ye8r was as fotlows". 31.3.24 31.3.23 Vine Christian Centre No employees CeIved emoluments in excess of £60.(X)0 (2023: none). -31-
VINE CHRISTIAN CENTRE, BRIDGEND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASss Fixtur&s and fittings Freehold property Totals COST At 1 April 2023 Additions 689.772 26,771 55,564 716,543 55,564 Al 31 March 2024 689,772 82.335 772,107 DEPRECIAIION Al 1 April 2023 Charge for year 127.254 12.876 19,985 5,339 147.239 18.215 At 31 March 2024 140.130 25.324 165.454 BOOK VALUE At 31 March 2Q24 549,642 57.011 606,653 Al 31 M8r¢h 2023 562.518 6.786 569,304 12. STOCKS 31.3.24 31.3.23 CIDsing sto¢k (course b(K)ksl 288 13. DEBTORS: AMOUNTS FALLING DUE VITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Sundry debtors and prepaymènts 300 22,587 530 18,836 22,887 19,366 -32-
VINE CHRISTIAN CENTRE, BRIDGEND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 MARCH 2024 14. cREDoR$. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade editS Social security and other taxes Sunclry creditors and a¢wals 341 239 7,460 5,288 8,040 5,288 15. LEASING AGREEMENTS Minimum lease paymènts under non-cancellablè operating SeS fall du8 as follows.- 31.3.24 31.3.23 Within one year Between one end five year5 3,080 2.3Q3 3,080 5,382 5.383 8.462 Lease payments recognised as an expense during the yearwere £3.08012023'. £2,218). 16. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 1.4.23 At 31.3.24 Unrestrlcted funds General Church Fund Bridgend Pregnancy Crisis Centre 686.477 88,637 13.T761 771,338 686.477 88.341 13.4801 771.338 Restricted funds New Buikjing Fund Compassion UK Hands or Compassion Open Doors Pound For The Kingdom 480 158} (2,2151 2.104 1,2071 2,215 2,104 1,207 2.584 TOTAL FUNDS 686.477 87,445 773,922
VINE CHRISTIAN CENTRE, BRIDGEND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS- continued Net movement in funds. induded in the atrrfwe are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General Church Fund Bridgend Pregnancy Crisis Cent 266,464 1.021 1177.8271 1.3171 88.637 2961 267,485 1179,1441 88.341 Restrl¢tèd funds New Building Fund Compassion UK Hands Of Compassion Open Doors Pound For The lfjngdom 480 1581 12.2151 2.104 1.2071 278 2,848 2,104 3.346 {3361 (5,063) 9,056 9.952) 18961 TOTAL FUNDS 276.541 189,D961 87,445 Comparatives for moveent in funds Net movement in funds Transfèws between funds Al 1.4.22 At 31.3.22 Unrestricted fund$ General Church Fund Gates of Praise Bridgend Pwnancy Crisis Centre Church Building Repair Fund 600.3( 36.183 316 (3281 49.988 13161 328 50.0001 686,477 50.000 650.306 36.171 TOTAL FUNDS 6.306 36.171 686,477
VINE CHRISTIAN CENTRE. BRIDGEND NOTES TO THE FINANCIAL STATEMENTS-continu•d FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMEMf IN FUNDS - continued Comparative net movement in fttnds. includ8d in thè above are as follows.. IncomirKJ resour$ Resources expended hlovement in funds Unrestricted funds General Church Fund Gates of Praise Bridgend PregnanGy Crisis Centre 253,106 1216.9251 {1521 1.3721 36,183 316 254,620 218.449 36,171 TOTAL FUNDS 254.620 218,449) 36,171 A Gurrent year 12 months and prior year 12 rrthS combined rx)sition is as follows". Nel movement in funds Transfers between funds At 1.4.22 At 31."3.24 Unrestiicted funds GènÈr81 Church Fund Gates of Praise Bridgend Pregnancy Crisis Centre Church 8uiJding Repair Fund 600.X 124.820 316 1624) 46.212 1316) 624 50.0001 771.8 50.000 124,512 {3,480) 771,338 Restricted funds Nèw Bu11ng Fund Cornpassn UK Hands Of Compassion Open Doors PoLJnd For ThÉ Kingdom 480 (581 12,2151 2.104 1.2071 58 2,215 2,104 1.207 896 3.480 2,584 TOTAL FUNDS 123.616 773,922 -35-
VINE CHRISTIAN CENTRE, BRIDGEND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- continued A current year 12 months artd prior year 12 months (x)mbined net movement in funds. included in the above are as folk)ws'. Incoming Resources expended Movement in funds Unrestricted funds General Church Fund Gates of Praise 8ridgend Pregnancy Crisis Centre 519.572 468 2.065 (394.7521 11521 2.6891 124.820 316 522,105 {397.593) 124,512 Restricted funds New Building Fund Cornpassion UK Hands Of Ccmpassi( Open Doors Pound For The Kingdom 480 1581 12,2151 2,104 278 2,848 2.104 3,346 {33SI 15,Q)631 9.056 9.9521 TOTAL FUNDS 531,161 407.5451 123,616 The purwses of the lunds listed above are as folknys.. Unrestricted: G•neral Church Fund - This fund Comprise5 of income and expenditu rekted to the general activities and relaled running costs of the tharity. Gates of Praise - fhis fund comprises shop income and expenditure which ased in the prewous year. Any surplLJS or defieit is tfdnsfèrred to the gener31 church fvnd at the period end. Brldgend Pregnancy Crisis Centre - This fvnd provides support and c£)u4selling for womèn and thair families in unexpected pregnancy. post abortion. miscaNiage and following baby loss. Any surplus or dèficit is transferred lo the ger1 church fund at the per*)d end Church Building Repair Fund This fund was designated for the purposes of significant repairs and improvements wo¥k required io be carried out on the church buik1ing. The works works rélaled to thi5 fund were carried out and compleled during the previous year. Restrlcted: Nèw Buildlng Fund This lund comprises of income and eypenditure relateé to the planned future extension of the current church building. Compassion UK - This fvnd promdes support relating to the sponsorship of a child in the third word. Any defiut on this fund at the pertod is covered by general churd) funds transfer.
VINE CHRISTIAN CENTRE. BRIDGEND NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 IAARCH 2024 16. MOVEMENT IN FUNDS- continued Hands Of Compassion - This fund provides help and support to peopte in finan31 nèed. Any dèficit on this fund at thè pÉriod end is covered by general church fvnds transfer. Open Doors- This fvnd provides supp(Mt to the perse¢uteiJ Church. Pound For Thè Kingdom - This fund collecls incomè for 2nd redistributes to tjther organisations. Any defiat on this fund at the n(l end is covered by general church funds transfer. 17. EMPLOYEE BENEFIT OBLIGATIONS The tharity operates a defined contribution pension plan for ils employees. The 8moLJnt r8¢ognis8d as an èxpensè in the period was £3,033 {2023- £4.0951. 18. RELATED PARTY DISCLOSURES During thÈ year, Ihe tharity Tecewed donab.ons totall1 £43.056 from 4 trustees12023= £43.450 from 4 trustees). Please refer lo note 9 for trustees. TeMUnetiO. beneffts and expenses. 19. COMPANY LIMITED BY GUARANTEE The charity is a company limited by guarantee arjd arwrdingty does not have a share capital. Every member of the company undertakes to contn'bute suth amount as may be required (not exceeding £11 to the assets of the chariiable company in the event of it being wound up while he or she Is e member, or within months after he or she ceases to be a member -37-
VINE CHRISTIAN CENTRE. BRIDGEND DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENtJED 31 MARCH 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacies Donations and offerings Gift aid 208.747 54,180 206.608 35.294 262.927 241,902 other trading acttvities 8Dok5 and Courses Itteralure Cfy)ferencing and events in¢ome 1.263 1,767 468 3,216 3.030 3,684 Investment income Rents ceiVed Bank interest received 8.400 2.028 8.400 552 10.426 8,952 Other incorrle Sundry income 158 82 Total In¢omlng res¢ur¢es 276.541 254,620 EXPENDITURE Other trading activities Books and courses costs Stock movement (course b(K)ksl Bad debts Bank and credit card charges 2.613 12881 1,050 488 34 1,000 2,45D 628 3,863 4,112 Charitablè activit¥e Trustees, salaries Twstees, social security Twstees, pension contributions Wages Social securily Pensions Rates and water Carried forward 47,898 1.117 2,070 24.406 201 963 1,616 78,271 46,017 2,456 1,989 50,164 1,767 2,106 870 1Q5,369 This page does not fonn part of the statuiory finantial staternÈnts -3
VINE CHRISTIAN CENTRE, BRIDGEND DETLED STATEMENT OF FINANCIAL ACTniiTIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 31.3.23 Charitable activities Bioughl forward Insuranc Light and heat Telephone PostaQè and st8tK*nery Advertising Travelling expense5 Refr8shment5 meals Accommodation Subscriptions Music, PA & lighting censing Resource and training costs Events Catering costs Equipmenl hire Venue hire and rentsl Repair5 and renewals Freehold property Fixlures and fittings Grdnts to individuals 78.271 6.388 7.601 3.167 2,529 80 1,717 ,785 497 120 816 1.519 1.117 3,435 2,479 410 426 9.428 12,87S 5,339 32.199 105.369 6,033 6,919 2,456 3,875 260 1.059 2.Q02 149 120 955 1,294 1,318 3,944 2,445 934 2,583 16,311 11,786 2,329 37,026 173,199 210,167 Support costs Governance costs Accountancy fees Bookkeeping Legal and professional fees Consultancy 3,360 2.561 413 5.700 2,940 1.230 12.034 4,170 Total resources expended 189.096 218,449 Net income 87.445 36,171 This page does rtot fomi part ofthe Slory finanual stslements -39-