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2022-03-31-accounts

meltonvineyard Report and Accounts Year ended 31 March 2022

MELTON VINEYARD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2022

Trustees Dr N Swettenham Ms E Owen Mr B Carter Mr S Cliff Mrs J Beadle - appointed 1 September 2021 Mr N Gretton Key Staff Dr N Swettenham Ms E Owen Governing Document Memorandum and Articles of Association Incorporated 9 May 2012 Company Registration Number 08062908 Charity Registration Number 1147284 Principal Address & Registered Office Hope Centre 42-44 Nottingham Street Melton Mowbray Leicestershire LE13 1NW Independent Examiner Archie McDowall BA CA Stewardship 1 Lamb's Passage London EC1Y 8AB Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Contents Page Company Information 1 Trustees' Annual Report 2-8 Independent Examiner's Report 9 Statement of Financial Activities 10 Balance Sheet 11 Notes to the Accounts 12-20

Page 1

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Objective and activities

The objectives of Melton Vineyard are:

These objectives are to be carried out in such ways and such parts of Melton Mowbray, the United Kingdom or the world as the trustees may from time to time think fit.

Overview

At the beginning of April 2021 the country was still in lockdown and the vaccination programme was being rolled out. By that point, we had posted 54 online services on YouTube with many more to come in the weeks and months ahead. All meetings, groups and activities were happening online too.

As the year progressed, things began to open up more and over the summer we held a series of outdoor services at the Grove School on Asfordby Road.

In July 2021 we created a new post of part-time Digital Media Assistant to take over the editing and publishing of online services and to edit and post the weekly church newsletter. In the same month our Church Administrator moved to another part of the country, necessitating the appointment of a replacement.

In September we explored options for restarting indoor services and began holding regular afternoon meetings in the United Reformed Church chapel from October. The encouragement when we opened the doors for the first time and saw so many familiar and new faces coming in was considerable.

Despite the challenges of meeting at 4pm, the benefits from being in the building have included its central location, easy parking, intimacy in worship and prayer, and a balcony that provided a safe space for those who were anxious about Covid.

Despite being in a smaller venue we resumed our tradition of featuring drama sketches in our Christmas service and were able to include them in the online service as well.

Page 2

MELTON VINEYARD TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

Hope Centre

Although we weren’t able to use the Hope Centre to its full capacity during 2021-22, it proved to be an essential base of operations throughout the year. With the appropriate Covid safeguards in place, we were able to hold regular meetings and prayer times, evening services and, as the year progressed, we added further activities such as Baby Café, Toddler Group, a Bereavement Journey group, a day of prayer for Advent and more.

Since ‘Freedom Day’ (20 July), there has been a team outside the Hope Centre every Tuesday morning, offering prayer to passers-by. Victim Support ran a monthly drop-in session at the venue and there were regular Narcotics Anonymous and Alcoholics Anonymous groups meeting in the Storehouse Café area.

In early 2022 we started two new regular activities in the Hope Centre: a Monday art class and a Thursday book swap club.

Storehouse

This was another busy year for Storehouse, the food bank and drop-in project which we run with the generous support of Churches Together in Melton. When Caroline Stannard, our Storehouse Co-ordinator, went on maternity leave in April 2021 her role was taken over by Sigrid Atherton and, with the help of a grant from Samworth Foundation, we also appointed a General Food Manager. The new venue was officially opened on 3 September by the Deputy Mayor of Melton and there has been a steady flow of visitors ever since. We had 426 individuals and families on the books and supported 2871 individuals with food in 2021-22. As well as food and clothing we offered prayer to those who wanted it and our new shower facility for the homeless is also operational.

On Mondays and Wednesdays visitors can use our ‘shop’, giving them greater choice over the contents of their food bags. Since opening there has been a Storehouse Ready Steady Cook event, assisted by Kettleby Foods, Montero Lounge have cooked our guests some tasty meals, and we held our popular Christmas lunch again, all of which were greatly appreciated.

Breathing Space

Breathing Space, our free community listening service, went from strength to strength in these twelve months. The service currently operates with a team of 12 listeners and 4 counsellors and provides emotional support to clients along with strategies to manage depression, anxiety and stress.

Referrals come from the GPs at Latham House Medical Practice, the mental health nurses, Storehouse, MADMAC, Mental Health Matters, Peppers and elsewhere, and people have been able to refer themselves via Facebook too.

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MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Joan Carter continued to train the team with both in-house and external events, including training from Samaritans and Quetzal, a Leicester-based organisation supporting women who have been sexually abused. The service has supported clients via Zoom, telephone and in person and over the twelve month period they had 71 referrals and delivered a total of 368 hours of active listening.

Children, Youth & Families

In 2021-22 there were 32 families on the church database and 73 children. From the start of the year we sent out the Young Vineyard Families teaching material twice a month, we held a live service on Zoom once a month and a pre-recorded online service, also once a month.

We also started a Family Vineyard Facebook page; this is a private page. We invited all the parents to join and some members of the church, which helps with encouraging the families. It was sometimes used to read live stories, but generally it was for sharing encouraging news, information and photos with other families in church. We also held a family Quiz night via Zoom, attended by six families.

Space for children’s groups was very limited in the United Reformed Church building, but we managed to continue to make regular provision for the children during our afternoon services.

A number of our youth attended a Christian conference for teenagers, Dreaming the Impossible, which this year was held in the summer at Trent Vineyard, Nottingham. In the autumn, the Youth group resumed regular meetings on Sunday afternoons at the Hope Centre.

Worship and Christian teaching

We continued to develop our online worship resource throughout 2021-22 and by the end of the year, with the inclusion of several songs provided by VCUKI, had been able to build a catalogue of 50 recordings for use in online worship. We were pleased to be able to begin worshipping together again in person from May onwards, gathering in the Grove School playground for outdoor meetings once a month.

Regular Christian teaching also continued each week via the online service and our online midweek groups.

From October we met indoors at the URC every week and the team did a great job adapting to leading worship in a very different space. We would also like to express our thanks to the URC in Melton for allowing us to use their building over an eight-month period. Our core values in worship continue to be intimacy, integrity and accessibility with a particular emphasis on rebuilding community in the worship space.

Page 4

MELTON VINEYARD TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

Blessing the Community

In addition to Storehouse and Breathing Space, we encouraged Life Groups and ministry teams to be creative in coming up with other ways of blessing the local community. One group decided they would like to bless their refuse collectors, so they made up boxes with Easter/chocolate goodies and either left them on top of their wheelie bins with a message, or gave them directly to the operatives as they came to their homes.

Also in 2021, Joan Carter offered free stress reduction mindfulness sessions at the Hope Centre to staff from Latham House Medical Practice – an initiative which is continuing into 2022.

We continued to work closely with other local charities, including MADMAC (Melton and District Money Advice Centre), which provides help to families and individuals in the area with financial needs.

Prayer

As with other areas of church life there was a gradual shift back from online prayer events to onsite gatherings as the year progressed. In particular, it was good to be gathering in person again for monthly church prayer meetings. One highlight was a Prepare for Christmas worship and prayer event in December involving free-flowing prayer and worship in the Loft and prayer stations in the Lounge.

Another initiative was Prayer for Anything, which was launched on Tuesday 20th July, the day after ‘Freedom Day’. The team have been outside the Hope Centre since then every week except two, offering to pray for passers-by. In that period they have prayed with or for 360 people who stopped in response to the question: “Is there anything you’d like prayer for today?”

Discipleship

In 2021 we ran another Alpha Course online and a Bereavement Course at the Hope Centre. In the autumn we launched a brand new set of Life Groups, offering the possibility for people to re-connect with each other over a longer time period than the previous Small Group system had allowed for.

There has been considerable variety in the groups offered with the overall aim of helping to rebuild a sense of community. For instance, one group met regularly in a local pub and built positive connections there. In December they were invited to sing Christmas carols and hand out free mince pies to all the customers. Another new group for families provided a space for parents with younger children to explore faith as a family together.

The Life in Colour group continued to meet in 2021 and as a result of their initiatives the church successfully applied for a £7k National Lottery grant to run training in 2022 aimed at promoting justice and racial inclusion both within the church and in the wider community.

Page 5

MELTON VINEYARD TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2022

Mission

Another part of the world where Melton Vineyard continued to make a difference was Honduras. Our long-standing friendship links with Iglesia Cristo Te Llama in La Ceiba and the boys’ home there have seen us make regular trips to the country.

When the 2020 trip was cancelled due to Covid, many prospective members of the team formed a Honduras Prayer and Support Group, which met via Zoom each month with Pastor Fredy and Mary from the Boys’ Home. The meetings continued throughout 2021 boosting morale, sharing their life experiences, praying for their issues and being prayed for in return.

As well as the regular support sent by Melton Vineyard each quarter the group hopes that fundraising initiatives this year will help to provide additional funds to put the church back on track after the hurricanes, repair damage to buildings and vehicles, and further support the work they do to feed the hungry in that city.

Subsequent events

More recently we reached agreement with John Ferneley College to begin holding Sunday morning services there again, starting in June 2022. The switch from afternoons to mornings has been very positive and early indications are that we are seeing more people through the doors each week including a number of new visitors. We also continue to make our services available online via YouTube or Facebook for those who cannot access them in person.

We have also begun holding regular arts events at the Hope Centre again, including a concert by acoustic folk duo Tu-kay & Ryan and a one-man performance of two of Charles Dickens’ short stories, The Signalman and Doctor Marigold, by his great-great-grandson Gerald Dickens. Both events sold well and were enthusiastically received by audiences. We aim to maintain this pattern of regular events with further performances planned for the autumn.

Public Benefit

The trustees have had regard to the guidance issued by the commission on public benefit.

Organisational structure

Melton Vineyard is a company limited by guarantee as well as a registered charity, in which the company directors also form the board of trustees. The day to day running of the church is delegated to the pastoral and administrative staff/volunteers led by Neal Swettenham and Eluned Owen.

We are affiliated to Vineyard Churches UK & Ireland (VCUKI), a movement that connects churches with common values and practices, provides guidance and oversight to church leaders,

Page 6

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2022

and facilitates new church planting. We use the name Vineyard with their permission and give them 5% of our income to fund their work.

Staff employed by Melton Vineyard in 2021-22 were:

Neal Swettenham – Senior Pastor (full-time) Eluned Owen – Senior Pastor (0.2 FTE) Alison Johnson – Church Administrator (0.6 FTE) – until July 2021 Karen Wright – Church Administrator (0.43 FTE) – from August 2021 Maria Twittey – Children and Family Pastor (0.2 FTE) Caroline Webb – Storehouse Co-ordinator (0.6 FTE) Sigrid Atherton – Storehouse Co-ordinator Maternity Cover (0.6 FTE) – from April 2021 Elle Sherrenham – Digital Media Assistant (0.2 FTE) – from July 2021 Sarah Neale – Storehouse Administrator (flexible contract, up to 25 hours per month) Hetty Simpson – Finance Administrator (flexible contract, up to 30 hours per month)

Average of 9 staff (approximately 3 FTE)

As well as our staff, we are grateful to church members who give time and money to support the church’s activities.

Financial performance

2021–22 saw some givers leave the church and new ones join: overall, though, church income continues to hold steady and expenditure has gradually increased again over the year as inperson meetings have restarted. Looking at the financial position overall trustees are satisfied that there is no immediate cause for concern, although they continue to monitor the finances closely as we are moving into an increasingly volatile situation nationally.

The financial statements as presented show a net surplus of funds for the year of £23,621 (2021: £41,721).

Melton Vineyard is a member-supported church; however, those on low incomes, or who may, for any other reason, be unable or unwilling to offer this kind of support, are in no way excluded from any activities, having full access to them at all times.

Reserves policy

Total net assets as presented are £586,773 (2021: £563,152). This figure includes £45,057 held as reserves to cover three months’ liabilities in the event of a significant drop in income. The trustees considered this to be an appropriate level of reserves to hold consistent with policy and present activities.

Page 7

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2022

Responsibilities of trustees under company law

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).Selecting suitable accounting policies and applying them consistently.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

  5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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.

Approval

This is the report of the trustees of Melton Vineyard for the year ending 31 March 2022 and it was approved by the Directors and signed on their behalf by:

Neal Swettenham

Neal Swettenham

Date: 7 November 2022

Page 8

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

MELTON VINEYARD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022 on pages 10 to 20 following, which have been prepared on the basis of the accounting policies set out on pages 12 to 13.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ��������e o� ���r�ere� ���o������� o� ��o����� , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

���h�e ����wall

Archie McDowall BA CA ��������e o� ���r�ere� ���o������� o� ��o�����

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: �0 November 2022

Page 9

MELTON VINEYARD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
Other trading activities
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
4
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 Unrestricted
Funds
£
172,892
348
15
67
60
173,382
130,932
130,932
42,450
(25,140)
17,310
530,041
547,351		 Restricted
Funds
£
121,661
578
39
408
68
122,754
141,583
141,583
(18,829)
25,140
6,311
33,111
39,422		 Total
Funds
2022
£
294,553
926
54
475
128
296,136
272,515
272,515
23,621
-
23,621
563,152
586,773		 Total
Funds
2021
£
303,312
100
-
53
150
303,615
261,894
261,894
41,721
-
41,721
521,431
563,152

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on page 12 - 20 form part of these accounts.

Page 10

MELTON VINEYARD

BALANCE SHEET

AS AT 31 MARCH 2022

Note
FIXED ASSETS
Tangible assets
6
CURRENT ASSETS
Stock
7
Debtors
8
Cash at bank and in hand
9
CREDITORS: Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
11
after more than one year
TOTAL NET ASSETS
FUND BALANCES
14
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
721,426
721,426
-
5,026
104,132
109,158
(23,058)
86,100
807,526
(260,174)
547,351
546,187
1,164
547,351
-
547,351		 Restricted
Funds
£
784
784
6,300
1,136
31,746
39,182
(544)
38,638
39,422
-
39,422
-
-
-
39,422
39,422		 Total
Funds
2022
£
722,210
722,210
6,300
6,162
135,879
148,340
(23,603)
124,738
846,947
(260,174)
586,773
546,187
1,164
547,351
39,422
586,773		 Total
Funds
2021
£
733,038
733,038
4,000
9,886
110,036
123,922
(23,372)
100,551
833,589
(270,437)
563,152
530,041
-
530,041
33,111
563,152

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Neal Swettenham --------------------------------------Neal Swettenham

--------------------------------------Date : 7 November 2022 Neal Swettenham Company number: 08062908 Charity number: 1147284

The notes on page 12 - 20 form part of these accounts.

Page 11

MELTON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention as modified by the revaluation of certain assets, which are measured at fair value through the Statement of Financial Activities.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102. The principles adopted in the preparation of the financial statements are set out below.

a) Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.

Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations includes:

The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured. When donated goods, services and facilities are distributed or consumed, an expense in respect of those items is included in the Statement of Financial Activities. At the year end any goods that have not been distributed or consumed are recognised as stock; donated fixed assets are capitalised.

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church trips, activities and events.

Income from other trading activities represents income receivable from activities undertaken to generate funds for the charity. It includes income from reimbursement of staff time seconded to other organisations and other sales.

Investment income represents income generated by the charity's assets and includes income from bank interest.

c) Fund accounting

Page 12

MELTON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

2 Accounting Policies (continued)

d) Expenditure

Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

The cost of raising funds is not significant and has not been separately disclosed.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Freehold land Is not depreciated (because it is not consumed by use) Freehold buildings Over 50 years after taking account of the building's residual value Equipment Over 3 to 7 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Stocks

Stocks of donated items held for distribution to beneficiaries are measured at fair value.

h) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

i) Financial instruments The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).

j) Exemption from preparing a cashflow statement

k) Critical accounting estimates and areas of judgement ln preparing financial statements certain judgements, estimates and assumptions have to be made that affect the amounts recognised in the financial statements. The trustees consider the following to be significant:

Page 13

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

3 Donations Receivable

Donations of cash and similar
Donations in kind
Grants receivable
Government grants
Income tax recoverable
Donations in kind comprise the following:
Goods donated for distribution to beneficiaries		 2022
£
187,513
57,012
13,783
-
36,245
294,553
2022
£
57,012
57,012		 2021
£
195,322
36,938
31,944
1,906
37,202
303,312
2021
£
36,938
36,938

Donations in kind are items given for distribution at Storehouse (foodbank).

Government grants are from the Department for Digital, Culture, Media & Sport and was paid to cover the VAT incurred in making repairs to listed buildings in use as places of worship.

4 Charitable expenditure

a
Costs incurred directly on specific activities
Staff costs (note 5)
Ministry
Grants payable (note 4c)
Storehouse
Staff costs (note 5)
Costs
Donations in kind expensed
b
Costs incurred on support & administration
Governance costs
Independent examiner's fee
Administration
Premises
Hope Centre
Rent and other costs
Equipment
Depreciation of tangible fixed assets
Total expenditure		 2022
£
82,311
6,385
27,346
23,965
22,916
54,712
217,634
2,600
10,743
21,524
2,500
612
16,902
54,881
272,515		 2021
£
80,838
3,842
44,335
18,015
17,367
38,538
202,935
2,760
9,951
30,185
-
1,186
14,877
58,959
261,894

The fee payable to the independent examiner for preparing and examining the accounts was £2,600 (2021: £2,540). The difference from the 2021 comparative amount above is due to a previous under accrual. In addition the charity paid £986 (2021: £883) to Stewardship for payroll bureau services.

c Donations in kind expensed in year

Donations in kind expensed in year
Donated goods distributed in year
Donated services		 2022
£
54,712
-
54,712		 2021
£
38,538
-
38,538

Page 14

MELTON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

4 Charitable expenditure (continued) d Grants payable

Charitable expenditure (continued)
Grants payable
Grants for the relief of poverty
Grants for UK and overseas mission
The comparatives for the previous year are as follows:
Grants for the relief of poverty
Grants for UK and overseas mission
The charity's principal grants to institutions comprised:
Vineyard Churches UK & Ireland
Honduras: Mission Cristo Te Llama
World Vision - Afghanistan Appeal
Tearfund - Afghanistan Appeal
Grants to institutions for less than £1,000 each		 Institutions
£
17,545
8,765
26,310
Institutions
£
34,847
9,487
44,335		 Individuals
£
1,036
-
1,036
Individuals
£
-
-
-
2022
£
8,640
13,731
1,850
1,965
125
26,310		 2022
£
18,581
8,765
27,346
2021
£
34,847
9,487
44,335
2021
£
9,262
34,647
-
-
425
44,335

5 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

The average monthly number of employees during the year was 9 (2021: 7). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

al employment benefits payable to key management for the year were as follows:
Employer
Wages &
pension
salaries
contributions
Trustees:
Dr N Swettenham
45,505
2,275
Ms E Owen
7,155
358
following amounts were payable in the previous year:
Employer
Wages &
pension
salaries
contributions
Trustees:
Dr N Swettenham
44,788
2,239
Ms E Owen
7,042
352		 2022
£
47,780
7,513
55,293
2021
£
47,028
7,394
54,422

The following amounts were payable in the previous year:

Dr N Swettenham and Ms E Owen served as church leaders and received the above payments for serving in that capacity, not for serving as trustees; these payments are permitted by the charity's governing document.

No other trustees received employment benefits in either the current or preceding year.

Page 15

MELTON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

6 Tangible fixed assets

Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Accumulated depreciation
At 1 April 2021
Charge for the year
Eliminated on disposal
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021
7
Stock
Donated goods for distribution to beneficiaries
8
Debtors
Tax recoverable
Other debtors
Prepayments
Accrued income
Total debtors
9
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)		 Freehold
Property
£
759,656
-
759,656
28,186
14,093
42,279
717,377
731,470		 Fixtures,
fittings and
equipment
£
55,173
6,073
(52,820)
8,426
53,605
2,809
(52,820)
3,593
4,833
1,568
2022
£
6,300
2022
£
3,201
977
1,132
852
6,162
2022
£
90,821
45,058
135,879		 Total
2022
£
814,829
6,073
(52,820)
768,082
81,791
16,902
(52,820)
45,872
722,210
733,038
2021
£
4,000
2021
£
6,590
3,296
-
-
9,886
2021
£
65,033
45,004
110,036

Page 16

MELTON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2022

10 Creditors: liabilities falling due within one year

ditors: liabilities falling due within one year
Trade creditors
Other creditors
Accruals
Deferred income
Loans
Note 12		 2022
£
1,783
1,388
3,435
7,160
9,836
23,603		 2021
£
128
595
2,813
10,000
9,836
23,372

2022 Deferred income relates to a Grant from Lottery Fund for training in September 2022.

2021 Deferred income relates to a grant towards the cost of the salary of the general food manager. The contract began in 2021/22 financial year.

11 Creditors: amounts falling due after more than one year

2022 2021
£ £
Loans Note 12 260,174 270,437

12 Loans and finance leases

The liabilities for loans referred to in notes 10 and 11 fall due for repayment as follows:

Repayable:
Within one year
Between one and five years
After five years		 Otherwise
than by
instalments
-
-
-
-		 By
instalments
9,836
66,599
193,575
270,010		 2022
£
9,836
66,599
193,575
270,010
Bank		 2021
£
9,836
66,599
203,837
loans
280,272

The bank loans referred to in the above notes represent two distinct loans from the same lender. The loans are secured on the Hope Centre by way of a fixed and floating charge on the charity's assets. Property with a book value of £717,377 has been pledged as security for these loans. The first loan for £210,000 was taken out on 04/10/2018. Interest is payable at a variable rate, which at the balance sheet date was 3.55% above base rate. The loan is being repaid in monthly instalments and must be repaid in full by 2038. The second loan for £90,000 was taken out on 29/08/2019. The loan was interest only until 21/10/2021 after which interest is payable at a variable rate, which at the balance sheet date was 3.55% above base rate. The loan is being repaid in monthly instalments and must be repaid in full by 2037.

13 Pension commitments

During the year employer’s pension contributions totalling £5,117 (2021: £4,400) were payable to defined contribution personal pension schemes. No pension contributions was owing at the balance sheet date (2021: £50).

Page 17

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

14 Funds

During the year the movements in the charity's funds were as follows:

Designated Funds
AV Equipment Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Storehouse
Honduras Offering
Hope Centre
Total Restricted Funds
Aggregate of funds		 Opening
balance
2022
£
-
-
530,041
530,041
32,565
546
-
33,111
563,152		 Incoming
resources
2022
£
3,750
3,750
169,632
173,382
98,326
5,951
18,478
122,754
296,136		 Outgoing
resources
2022
£
(499)
(499)
(130,433)
(130,932)
(102,377)
(3,589)
(35,617)
(141,583)
(272,515)		 Transfers
in the year
2022
£
(3,251)
(3,251)
(21,889)
(25,140)
8,000
-
17,140
25,140
-		 Gains and
losses
2022
£
-
-
-
-
-
-
-
-
-		 Closing
balance
2022
£
-
-
547,351
547,351
36,514
2,908
-
39,422
586,773

The transfers referred to above were made for the following reasons:

Analysis of net assets by fund

The assets and liabilities of the various funds were as follows:

Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year
Creditors falling due after one year		 General
funds
£
721,426
-
5,026
102,968
(23,058)
(260,174)
546,187		 Designated
funds
-
-
-
1,164
-
-
1,164		 Restricted
funds
£
784
6,300
1,136
31,746
(544)
-
39,422		 2022
£
722,210
6,300
6,162
135,879
(23,603)
(260,174)
586,773

Restricted Funds

The storehouse fund is money restricted by the trustees or donors in respect of the storehouse foodbank run by the church, it includes the donations and distribution of gifts in kind as well as monies.

The Honduras Offering fund is a restricted fund for gifts to the feeding station at Iglesia Cristo Te Llama and the Ninos De la Luz orphanage, both based in La Ceiba, Honduras.

Project House is restricted money for expenditure on the refurbishment of the Hope Centre property.

Page 18

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022

14 Funds (continued)

In the previous year the movements in the charity's funds were as follows:

Designated Funds
AV Equipment Fund
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Storehouse
Honduras Offering
Hope Centre
Total Restricted Funds
Aggregate of funds		 Opening
balance
2021
£
-
-
489,210
489,210
22,512
9,709
-
32,221
521,431		 Incoming
resources
2021
£
-
-
179,398
179,398
76,758
13,672
33,788
124,217
303,615		 Outgoing
resources
2021
£
-
-
(119,077)
(119,077)
(74,704)
(22,835)
(45,278)
(142,817)
(261,894)		 Transfers
in the year
2021
£
-
-
(19,491)
(19,491)
8,000
-
11,491
19,491
-		 Gains and
losses
2021
£
-
-
-
-
-
-
-
-
-		 Closing
balance
2021
£
-
-
530,041
530,041
32,565
546
-
33,111
563,152

In the previous year, the assets and liabilities of the various funds were as follows:

General
funds
£
Tangible fixed assets
731,470
Stock
-
Debtors
7,569
Cash at bank and in hand
74,586
Creditors falling due within one year
(13,147)
Creditors falling due after one year
(270,437)
530,041
he previous year, the assets and liabilities of the various funds were as		 Designated
funds
-
-
-
-
-
-
-
follows:		 Restricted
funds
£
1,568
4,000
2,317
35,450
(10,224)
-
33,111		 2021
£
733,038
4,000
9,886
110,036
(23,372)
(270,437)
563,152

15 Transactions with related parties

During the year the charity:

Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during

16 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 19

MELTON VINEYARD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
Other trading activities
Investments
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
4
Total Expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
14		 General
2022
£
169,142
348
15
67
60
169,632
130,433
130,433
39,199
(21,889)
17,310
530,041
547,351		 Designated
2022
£
3,750
-
-
-
-
3,750
499
499
3,251
(3,251)
-
-
-		 Restricted
2022
£
121,661
578
39
408
68
122,754
141,583
141,583
(18,829)
25,140
6,311
33,111
39,422		 Total
2022
£
294,553
926
54
475
128
296,136
272,515
272,515
23,621
-
23,621
563,152
586,773		 General
2021
£
179,245
100
-
53
-
179,398
119,077
119,077
60,321
(19,491)
40,830
489,210
530,041		 Designated
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
2021
£
124,067
-
-
-
150
124,217
142,817
142,817
(18,600)
19,491
891
32,221
33,111		 Total
2021
£
303,312
100
-
53
150
303,615
261,894
261,894
41,721
-
41,721
521,431
563,152

Page 20