## **Portsmouth Vineyard LifeChurch Statement of Financial Activities (including Income and Expenditure Account) for the Year Ended 31 October 2020** |Unrestricted
Funds
Restricted
Funds
Total Funds
year ended
31st
October
2020
Note
£
£
£
**Incoming resources from generated**
**funds**
VoluntaryIncome
2
£19,330
£32,147
£51,477|Total Funds
year ended
31st October
2019
£
| |---|---| |Total incomingresources
£19,330
£32,147
£51,477|£36,612| |**Resources expended**
Cost of generating funds
Resources expended
3
£20,177
£33,514
£53,691|| |Total resources expended
£20,177
£33,514
£53,691|£56,332| |Net Income
-£847
-£1,367
-£2,214
**Reconciliation of funds**
Total Funds brought forward
£8,797
£14,814
£23,611
Total Funds carried forward
£7,950
£13,447
£21,397|-£19,720

£23,611| **Page 1** ## **Portsmouth Vineyard LifeChurch (Registration number: 7826095) Balance Sheet as at 31 October 2020** |**2020**
Notes
**Current Assets**
£
Debtors and
Prepayments
8
£2,528
Cash at bank and in hand
£18,869
**Net Assets**
**The funds of the charity**
9
Restricted Funds
£13,447
Unrestricted Funds
£7,950
**Total Charity Funds**|**2019**
£
£2,752
£20,859
£21,397
**£21,397**
**£21,397**|| |---|---|---| |||£23,611| |||**£23,611**| |||£14,814
£8,797| |||**£23,611**| These accounts have been approved by the trustees and signed on its behalf by: Mr Michael Morell Trustee Date: 17/07/21 The notes on pages 1 to 12 form an integral part of these financial statements. ## **Portsmouth Vineyard LifeChurch** ## **Notes to the Financial Statements for the Year Ended 31 October 2020** ## **1. Accounting policies** ## **Basis of preparation** The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Companies Act 2006. ## **Fund accounting policy** Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. **Page 2** ## **Incoming resources** Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate. ## **Resources expended** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## **2 Voluntary Income** |**General Funds**
Appeals and Donations
**Gift Aid Tax reclaim**
**Total Resources Expended**
Notes
**Charitable Activities**
Activities Undertaken
Directly
4
Grant Funding of Activities
5
Support Costs
6|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Year Ended**
**31st Oct**
**2020**|**Total Funds**
**Year Ended**
**31st Oct**
**2019**| |---|---|---| ||£
£
£
£17,297
£30,615
£47,912
£2,033
£1,532
£3,565|£
£32,498
£4,114| ||£19,330
£32,147
£51,477|£36,612| ||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Year Ended**
**31st Oct**
**2020**|**Total Funds**
**Year Ended**
**31st Oct**
**2019**| ||£16,937
£31,052
£47,989
£552
£150
£702
£2,688
£2,312
£5,000|£49,663
£932
£5,736| ||£20,177
£33,514
£53,691|£56,331| ## **3 Total Resources Expended** **Page 3** ## 4 Activities Undertaken Directly |||| |---|---|---| |Salaries & Wages
Rent and Venue Hire
Worship & Music Costs
Ministry Gifts & Donations
Hospitality
Light & Heat
LifeHouse Food
Maintenance
Other LifeHouse Costs
Equipment
Conference & Training|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Year Ended**
**31st Oct**
**2020**|**Total Funds**
**Year Ended**
**31st Oct**
**2019**| ||£9,817
£9,817
£10,359
£10,359
£20,718
£273
£273
£3,858
£1,500
£5,358
£296
£296
£1,811
£1,811
£3,853
£3,853
£792
£792
£2,920
£2,920
£317
£317
£1,834
£1,834|£5,565
£18,901
£255
£3,993
£1,594
£2,965
£3,250
£7,577
£2,921
£1,174
£1,468| ||£16,937
£31,052
£47,989|£49,663| ## 5 Grants Payable ||||| |---|---|---|---| |Vineyard UK
Street Pastors
Portsmouth Foodbank|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Year Ended**
**31st Oct**
**2020**||**Total Funds**
**Year Ended**
**31st Oct**
**2019**| ||£552
£552
£150
£150||£552
£50
£330| ||£552
£150
£702||£932| ||||| **Page 4** ## 6 Support Costs |||| |---|---|---| |Insurance
Travel & Subsistence
General Expenses
Office Cost, Stationery,
postage
Software & Accessories
Repairs & renewal
Bank Charges
Books & Subscriptions
Auditing & Accountancy Fees
Legal Costs|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total Funds**
**Year Ended**
**31st Oct**
**2019**|**Total Funds**
**Year Ended**
**31st Oct**
**2018**| ||£288
£289
£577
£108
£108
£182
£182
£364
£967
£967
£1,934
£31
£31
£62
£150
£150
£300
£90
£270
£360
£131
£131
£141
£423
£564
£600
£600|£513
£290
£232
£1,855
£294
£149
£593
£354
£1,336
£120| ||£2,688
£2,312
£5,000|£5,736| ## **7 Employees' remuneration** The average number of persons employed by the charity (including trustees) during the year was ONE. ## **8 Debtors and Prepayments** |Gift Aid
Analysis of Funds
General Funds
Unrestricted Income
Restricted Funds||**31st Oct 2020**
£2,034
£494
£2,528|**31st Oct 2020**
£2,034
£494
£2,528|**31st Oct 2019**| |---|---|---|---|---| |||||£2,752| |||**2019**
£10,371
£28,219|**Income**
**Resources**
**expended**
**As At**
**Oct 31st**
**2020**
£19,330
£20,177
£9,524
£32,147
£33,514
£26,852|| |||£38,590|£51,477
£53,691
£36,376|| - 9 Analysis of Funds Restricted funds have been given for use in the refurbishment and running of the LifeHouse homeless drop-in and soup kitchen to connect with people from across Portsmouth who find themselves in homelessness or addiction and in need of hot meals and food parcels. The LifeHouse also signposts users to other support services across the city. **Page 5** ## **10 Net Assets by fund** |Current Account 1
Current Account 2
Savings Account
Gift Aid Due|**Unrestricted Restricted Total Funds**
**Funds**
**Funds**
**31st**
**October**
**2020**
£
£
£
£884
£884
£985
£985
£4,047
£12,953
£17,000
£2,034
£494
£2,528
£7,950
£13,447
£21,397|**Total Funds**
**31st October**
**2019**
£
£1,786
£1,073
£18,000
£2,752
£23,611| |---|---|---| ## **11. Taxation** Portsmouth Vineyard LifeChurch is a registered charity and is, therefore, exempt from taxation. **Page 6** ## **Portsmouth Vineyard LifeChurch Reference and Administrative Details** **Charity name Portsmouth Vineyard LifeChurch Charity registration number 1144669 Company registration number 7826095 Principal Office 57, Merthyr Avenue, Portsmouth, PO6 2AR Registered Office 57, Merthyr Avenue, Portsmouth, PO6 2AR Trustees Mr Clive Oliver, Trustee (Appointed 29 May 2016) Mrs June Lorraine Morell, Trustee (Appointed 6 September 2016 Mr Michael Morell, Trustee (Appointed 6 September 2016) Mr Peter John Robinson, Trustee (Appointed 13 November 2016) Mrs Paula Bettina Jolly (Appointed 1 September 2018) Ms Rosina Susan Godfrey (Appointed 27 March 2020) Bankers CAF BANK 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ** **Independent Examiner Paul Flavell 19 Southwood Avenue Southbourne Bournemouth Hampshire BH6 3QB** **Page 7** ## **Portsmouth Vineyard LifeChurch** ## **Trustees' Report** The Trustees present their report and accounts for the period ended 31 October 2020. Portsmouth Vineyard _Life_ Church was incorporated on 27th October 2011 and granted charitable status on 15[1h] November 2011. ## **Structure, governance and management** The company is a company limited by guarantee. The liability of the members is limited by their guarantee. In the event of the company being wound up during the period of their membership (or within a year following), members undertake to contribute such amounts as may be required, up to a maximum of £1. ## **Objectives and activities** The company's charitable objects are: - a) to advance the Christian faith in accordance with the statement of beliefs including but not by way of limitation through the planting of other Vineyard Churches in such ways and in such parts of Portsmouth, the United Kingdom or the world as the trustees from time to time may think fit; - b) to further Christian education in such parts of Portsmouth, the United Kingdom and the world as the trustees may from time to time think fit; - c) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling, training in life skills and support in such parts of Portsmouth, the United Kingdom or the world as the trustees from time to time may think fit; - d) to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life. ## **Strategies** At the beginning of this accounting period we had recently acquired the new meeting room in the shop premises on the corner of Albert and Harold Roads next to the original LifeHouse. Our main objective for 2019-20 was to build on this most providential accomplishment by (a) harmonising our different benevolent (through the LifeHouse) and spiritual and pastoral (through the Vineyard) activities and events and (b) expanding into new areas and types of communal service. We very quickly appreciated that operating the two premises divided from each other was of limited use and we were united in agreement to explore a development project for the site which would include re-joining the two parts of the building but also maximising the useful potential of the spaces available. We thereby embarked on the venue project that is just being completed now in July/August 2021. In this period we opened for Sunday services, extra Vineyard and LifeHouse meals and socials, several training course series, The Alpha Course, Portsmouth House of Prayer monthly celebrations, meetings for prayer regularly, Coop Team Meetings, Foodbank Committee Meetings chaired by council staff, music lessons and even an infant dedication service. **Page 8** ## **Portsmouth Vineyard LifeChurch** ## **Trustees' Report** Continued .......... ## **Achievements and performance** We were again able to facilitate the growth of the church and the charitable work of the LifeHouse Food Kitchen which saw a steady increase in use by the public as our provision of food parcels (this was before the current health crisis) and quality of meals and associated services was improved. To accomplish our objectives Portsmouth Vineyard LifeChurch continue to hold weekly gatherings continuing to communicate our vision and values and welcome new people at all times. We advertised on our website and social media regularly. We again took a very active part in the annual winter Open Churches Project, accommodating up to 15 rough sleepers in seven different church centres over the seven days of the week for the coldest, winter weeks. A number of us were very active in the Street Pastors and the Healing of the Streets prayer outreach. We have continued to build up the church by dedicating pastoral time to individuals in need and those needing encouragement to get into roles of responsibility and service. Portsmouth Vineyard LifeChurch has continued to provide financial support to Compassion International (child schooling sponsorship in Cambodia), Portsmouth Food Bank and two overseas missionaries involved in compassionate and people-centred outreaches in Cambodia and other parts of the world. We continue to give regular donations to Vineyard Churches UK to help finance training, church planting and oversight of the network of churches to which we are associated. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity and company should undertake. The work of the LifeHouse homeless drop-in and food kitchen for those people who find themselves caught in homelessness and/or addiction continues to flourish and expand. From the LifeHouse we served up to 175 free meals per week including food in food parcels. Many guests of the food kitchen consider the LifeHouse to be their church and massively benefit from meeting others, in similar situations to their own, in a social atmosphere of comparative normality and acceptance. Volunteers at the LifeHouse includes people of faith from a number of different churches working alongside people professing no particular faith but care deeply for individuals in need in our community. The LifeHouse continues to attract media attention and it very well known and thought of in the City. We continue to attract financial support from a number of different individuals, charitable and commercial organisations. We also to receive grants and gifts of all sizes and these help cover the part time wages for the Manager, rent, sundries, some food when not donated free and electricity bills. ## **Financial review** Financially the charity is secure. The unrestricted fund balance of £7,950 along with £17,000 of our short and long-term saving in the Hampshire Trust Bank and Aldermore Business Savings exceed the reserves policy of three months' expenditure as agreed by the Trustees, and reflects both stability in the church finances and vigilance by the Trustees. **Page 9** ## **Portsmouth Vineyard LifeChurch** ## **Trustees' Report** Continued ....... The Trustees continue to review the major risks to which the company is exposed in order to establish systems to manage those risks. ## **Small company provisions** This report has been prepared in accordance with the small company regime under the Companies Act 2006. Approved by the Board of Trustees for Portsmouth Vineyard LifeChurch on its behalf by: Date: 17/07/21 Mr. Michael Morell Trustee **Page 10** ## **Portsmouth Vineyard LifeChurch** ## **Trustees' Responsibilities in relation to the Financial Statements** The Trustees (who are also Directors of Portsmouth Vineyard LifeChurch for the purposes of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. **Page 11** Independent Examlner's Report to the Trustees of Portsmouth Vlneyard Llfechurch I report on the accounts af the company for the year ended 31 Ottober 2020, whlch are set out on the followlng pages. R•sPaCtlve reSponsI￿ltIeS of Trustees and Examlner The Trustees Iwho are also the Dlrectors of the Company for the Purp￿ of company law) are re5P)nsIb￿ for the preparakn of the accounts. The tnjstees consider that an audlt Is not requlred for thls year under sethon 144(2) of the Charltles Att 2011 {the 2011 Att) arbd that an Independent examlnatlon Is needed. Havlng saUsfied rn￿that the tharfty Is NJt sUbj￿t ts aud￿ urKJer company law and is elglble for ￿￿eper￿dent examlnatkjn, k Is my re5F0￿1b1Ity to: examlne the accounts under sectlon 145 of the 2011 Act; 11. fdtow the pluc￿Urts lald down In the General Dlrections glven by the Charlty Commlsslon Undersec￿On 145 (5) (b) of the 2011 Att; arKI 111. state whether pathL4r matters have come to my atteniion. of Independent Examlnefs Report Ny examlnatlon was carfed out In accordarKe with the General Dlrettiots glven by the ChJrfty Commlsslon. An examinatlon Indudes a revlew cl the accounting records kept by the charity and compartson of the accounts presented with those records. It also includes Considera￿On of any unusual ￿ern$ or disclosures In the accounts, and seeklng explanattons from you as trustees concerning any gjch mattets. The pro￿ureS undertaken do not provlde all the evldence that WlXFld be requlred in an audit and consequendy nD opinlon Is given as to whether the accounts present a rue and falr vlev and the report Is Ilmlled to those mattets Set out In the StateM￿t Ixlt)W. In m￿nECtk￿ T￿1th my eXaM[na￿On, matter has m to my atterthn: (l) whlch glves me reasonable cause to believe that In any materfal respect the requlrements." to keep accountlng records In accordaTKe wlth 5ecthn 386 of the Ccffnpanles Att 2CK)6; and to Prepa￿ acrounts whlth ac£oTd wlth the aLrounting records, comply vrftth the accounung requlrements of 5ecUon 396 of the Companle5 Art 2006 and wlth tr* methods and prfnciptes of the Statement of Recomff*nded prath￿: Accounting and Repo￿ng by Charltks have not been met. or (2) to VA￿, In my oplnlon, attentlon should be drawn In orderto uwble a PfOFer understarKllThJ of the accourts to be reached. Paul Flavell 19 Southwood Avenue Southbourne Bournemouth Paul F￿1 Hampshlre BH6 3qB Pag• 12