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2024-03-31-accounts

meltonvineyard.org.uk

Report and Accounts Year ended 31 March 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

MELTON VINEYARD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024

Trustees

Dr N Swettenham - resigned 19 September 2024 Ms E Owen - resigned 11 September 2024 Mr B Carter Mr S Cliff Mrs J Beadle Mr N Gretton Mr GC Stannard - appointed 09 September 2024 Mrs CA Stannard - appointed 09 September 2024

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

Independent Examiner

Bankers

Contents Page
Company Information 1
Trustees' Annual Report 2 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2024

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

We have just celebrated Melton Vineyard’s 18th birthday in September 2024 – quite a milestone. God has brought us a long way in those 18 years and we are so grateful for all that He has done in us and through us.

Melton Vineyard is now well established in the community; we have a town centre presence in the Hope Centre building and activities such as Storehouse and Breathing Space are offering support to hundreds of people each year.

That said, the road back from Covid was difficult and slow: for individuals, for families, for businesses, for communities, and for churches.

There were many contributing factors to the slow pace of recovery, the great majority of which were out of our control. But, along with many other churches, we saw a reduction in Sunday attendance, in the numbers of those serving on teams, and in our finances. However, during the year, Sunday attendance returned to pre-Covid levels and we anticipate further growth in the coming months.

Hope Centre

2023/4 was another busy year in the Hope Centre. It has hosted Baby Café for parents and their babies; Conversation Café, supporting refugees for whom English is not their first language; a painting group; Eves, our drop-in group for women; and Book Swap Club, which has been visited over the last two years by many church members and more than 200 from the community. There have also been monthly Saturday men’s breakfasts, fortnightly Citizens Advice Bureau drop-in sessions, regular open weekends hosted by the men’s ministry and, in September, the Rutland Open Studios art exhibition returned for the second year running. Upstairs in the Loft there have been Upper Room evening worship and teaching sessions, concerts and performances, including a return visit from singersongwriter Sam Carter and a memorable one-person performance of Mark’s gospel by actor, Stefan Smart.

Page 2

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Storehouse

Storehouse, our food bank and drop-in centre, saw another big increase in demand with the team giving away 10,572 food bags in the year – that’s 96,768 meals. Over the same period 16 people from Storehouse were mentored: three received help with employment, one got a place at college, one managed to stop self-harming, both during and after the mentoring process, and the rest were able to increase their self-esteem, improve relationships and cope better with life issues. And it’s not just practical support that’s been on offer. Over the last year the Storehouse Life Group has regularly had 18 or more people coming along each week for prayer and encouragement, and in early January 2024 we held our first Sunday service in Storehouse which got a very positive response. Storehouse is supported by Churches Together in Melton.

Breathing Space

Breathing Space, our free community listening service, continued to receive regular referrals from Latham House Medical Practice and in the year the 23 listeners and 6 counsellors working in the service offered 1,028 hours of listening and counselling. More significant than the numbers has been the feedback from those using the service. Here are just a couple of examples: “The sessions were vital for my mental health. I discussed things I have never been able to say before.” “The whole experience has helped me through a very difficult time. We went through things in my early childhood and it helped me to understand. I couldn’t fault the service and without this support I may not have been able to write this feedback.”

Over the coming year, Breathing Space plans to continue to recruit more listeners, upskill existing ones, and extend the reach of the service. Breathing Space is a unique provision that contributes significantly to the mental health provision in the local community.

Children, Youth & Families

In August 2023 a number of the young people attended Dreaming the Impossible, a national youth festival, organised by Vineyard Churches UK and Ireland. They’ve met regularly on Sunday mornings and, since the autumn there have been additional activities, including an evening get-together once a month, Youth Alpha, and Transitional Youth – a new group for those in school years 7-9. In Young Vineyard, the teams have done an excellent job in sharing faith with the children and providing fun, age-appropriate activities for them each week.

In order to safeguard children, young people and vulnerable adults within our church over the years we have developed appropriate policies, training and review processes. Recent events at a national level have shown that mistakes can still be made, which has prompted us to look carefully at our own areas of improvement. During the summer of 2023 we appointed a new volunteer Safeguarding Co-ordinator, Dr Penny Finn, who was also part of the national safeguarding team for the Vineyard UK youth event, Dreaming the Impossible. Under her guidance we reviewed all our safeguarding policies and procedures. We have now introduced electronic check-in as part of our enhanced safeguarding procedures.

Page 3

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Worship and Christian teaching

Our Sunday gatherings have played an important role in our activities, as always, and the musicians and singers have worked hard throughout the year, leading us in worship with integrity and commitment, ably supported by the Data Projection and PA teams. The children have joined us in the main hall during our times of worship, and over the coming year, we are working closely with children, their parents and the Young Vineyard teams, to help the young people participate more fully in worship. We’ve also run monthly worship evenings at the Hope Centre as part of the regular Upper Room sessions and this has proved to be a good first step for new musicians wanting to join the worship team.

Blessing the Community

As well as being spaces for worship and prayer, and providing places of belonging and growth, the Life Groups also look outwards and there were a number of innovative Blessing the Community activities taking place over this year, including chocolate giveaways, litter picks and presenting high-vis jackets to a local Scout group.

An important focus in 2023/24 was our connection with Scalford Hall, a local hotel used to house asylum seekers. It was good to be able to get to know and serve the many refugees who joined us from there until the hotel was closed as a refugee centre towards the end of the year. We continue to keep in contact with some of the refugees and are hosting them for a reunion later in 2024.

We continue 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 well as monthly prayer meetings, there have been two extended periods of prayer this year: one was in the summer 2023 when about 25 people got together twice a day via Zoom to pray; the other was the first week in December, when we prayed in preparation for Christmas. We held a House of Prayer event in February 2024, where we invited people to get together in groups in their homes to pray for the church, the town and the wider world.

The Prayer for Anything team has offered to pray for hundreds of people on the streets of Melton. Having gone out most Tuesdays in the year, they now go out regularly on Saturday mornings as well. At the Alpha course, a number of people experienced healing and a strong sense of the Holy Spirit moving in power as a result of prayer.

Discipleship and social events

In 2023/24 we baptised 13 new disciples of Jesus, including 6 from Scalford Hall, for whom Melton Vineyard was their first experience of church as we know it.

Opportunities to meet together socially during the year included summer picnics, Table Tennis, Badminton & BBQ evenings, a cycling group, church walks and a bring-and-share picnic in Storehouse.

Page 4

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2024

Mission and outreach

We continued to support our mission partners in Honduras by providing regular financial support to several churches in La Ceiba and the surrounding area, as they fulfil the vision God has given them. Throughout the year the Honduras support group met regularly on Zoom with Pastor Fredy from Iglesia Cristo Te Llama and Mary from the Children of the Light Boys’ Home. 2024 will be an important year for ICTL, as they plan to build a new, more permanent church building on the land they occupy and a major focus for us this year is supporting them as they undertake that project.

In November 2023, a representative from the charity World Vision spoke in a Sunday morning service to update us about the Chosen programme, through which 15 children in Pajule, Uganda have sponsors from Melton Vineyard.

We sang Christmas carols as part of the Christmas Lights Switch-On for the second year running and helped organise an outdoor service for Good Friday, in partnership with Churches Together in Melton.

Subsequent events

During the year, our Founding Pastors Neal and Eluned started discussions with the rest of the trustees around the timing of their retirement. We together embarked on a process in consultation with VCUKI to find suitable successors. One particular couple George and Caroline Stannard emerged as leading candidates as they were well-known to the church and had previously completed training with the national Vineyard Leadership College. Caroline was already employed as our Storehouse Director and George had recently started as a part-time Assistant Pastor.

Following a series of interviews, meetings, discernment and prayer, we were able to announce in April 2024 that they would be take on the roles of senior pastors with effect September 2024, with George full-time, and Caroline sharing her time with her Storehouse role. They are also replacing Neal and Eluned as trustees.

We know the whole church are incredibly grateful to Neal and Eluned for their long and diligent service in leading the church, developing its many ministries and giving so much of themselves to the congregation as well as the town of Melton over the 18 years since they planted Melton Vineyard. We all wish them a happy and fulfilling future as they embark on the next stage of their lives. The trustees are also delighted with the appointment of Caroline and George and look forward to supporting them as senior pastors.

Public Benefit

In planning the activities, we have had regard to the guidance issued by the Charities 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

Page 5

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2024

church is delegated to the pastoral and administrative staff/volunteers led by the senior pastors. In October 2023, Jillyan Beadle was appointed as the Chair of Trustees.

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

The church uses Connect Supply for outsources bookkeeping and accounting.

Staff employed by Melton Vineyard in 2023-24 were:

Neal Swettenham: Senior Pastor

(full-time, reducing to 0.6 FTE from September 2023) Eluned Owen: Senior Pastor (0.2 FTE) Caroline Stannard: Storehouse Director (0.6 FTE) George Stannard: Assistant Pastor (0.4 FTE from September 2023) Sigrid Atherton: Storehouse Mentoring & Business Manager (0.6 FTE) Karen Wright: Church Administrator (0.43 FTE)

Elle Sherrenham: Digital Media Assistant (0.05 FTE)

and Young Vineyard Co-ordinator (0.2 FTE)

Sarah Neale: Storehouse Administrator & General Food Manager (flexible contract, up to 75 hours per month)

Total 8 staff, approximately 3.5 FTE (2023: 9 staff, 3.5 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

Net surplus for the year was £12,615 (2023: £12,813 net deficit), after depreciation of £14,093 for the building. The trustees monitor the finances closely as the cost-of-living crisis continues to impact family and church budgets.

The financial statements as presented show a net increase in funds for the year of £12,615 (2023: decrease £12,813).

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, always having full access to them.

Reserves policy

Total net assets as presented are £586,575 (2023: £573,960). This figure includes £45,993 held as reserves to cover three months’ liabilities in the event of a significant drop in income. We consider this to be an appropriate level of reserves to hold consistent with policy and present activities.

Page 6

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2024

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 2024 and it was approved by the trustees on and signed on their behalf by: Dec 12, 2024

J Beadle

J Beadle (Dec 12, 2024 15:04 GMT) Jillyan Beadle Chair of Trustees

Page 7

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 2024 on pages 9 to 19 following, which have been prepared on the basis of the accounting policies set out on pages 11 to 12.

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 Institute of Chartered Accountants of Scotland, 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.

Archie McDowall

Archie McDowall (Dec 17, 2024 11:59 GMT)

Archie McDowall BA CA Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Dec 17, 2024

Page 8

MELTON VINEYARD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

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
£
185,058
1,263
985
2,576
19
189,901
135,281
135,281
54,620
(55,970)
(1,350)
533,460
532,110		 Restricted
Funds
£
147,935
1,915
237
104
-
150,191
192,196
192,196
(42,005)
55,970
13,965
40,500
54,465		 Total
Funds
2024
£
332,993
3,178
1,222
2,680
19
340,092
327,477
327,477
12,615
-
12,615
573,960
586,575		 Total
Funds
2023
£
345,385
1,826
2,015
1,708
715
351,649
364,462
364,462
(12,813)
-
(12,813)
586,773
573,960

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 11 - 18 form part of these accounts.

Page 9

MELTON VINEYARD

BALANCE SHEET

AS AT 31 MARCH 2024

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
Restricted Funds		 Unrestricted
Funds
£
689,663
689,663
-
27,165
74,054
101,219
(19,976)
81,243
770,906
(238,796)
532,109
532,110
532,110
-
532,110		 Restricted
Funds
£
-
-
1,040
4,423
49,203
54,666
(201)
54,465
54,465
-
54,465
-
-
54,465
54,465		 Total
Funds
2024
£
689,663
689,663
1,040
31,588
123,257
155,885
(20,177)
135,708
825,371
(238,796)
586,575
532,110
532,110
54,465
586,575		 Total
Funds
2023
£
706,252
706,252
-
9,779
125,824
135,603
(22,877)
112,726
818,978
(245,017)
573,960
533,460
533,460
40,500
573,960

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 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:

J Beadle (Dec 12, 2024 15:04 GMT)J Beadle Dec 12, 2024 ----------------------------------------------------------------------------Jillyan Beadle Date Company number: 08062908 Charity number: 1147284

The notes on page 11 - 18 form part of these accounts.

Page 10

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

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.

b) Income

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:

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 11

MELTON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2024

2 Accounting Policies (continued)

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

e) Tangible fixed assets

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.

g) Pension scheme arrangements

The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in independently administered funds.

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 The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow 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 12

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

3 Donations Receivable

Donations of cash and similar
Donations in kind
Grants receivable
Income tax recoverable
Donations in kind comprise the following:
Goods donated for distribution to beneficiaries
4
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs (note 5)
Ministry
Grants payable (note 4d)
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
Donations in kind are items given for distribution at Storehouse (foodbank).		 2024
£
208,918
22,400
68,663
33,012
332,993
2024
£
22,400
22,400
2024
£
78,271
27,924
22,409
39,188
49,465
21,360
238,616
2,940
22,535
39,175
7,510
112
16,589
88,861
327,477		 2023
£
207,910
81,000
20,774
35,702
345,385
2023
£
81,000
81,000
2023
£
88,851
14,321
26,457
41,101
25,437
87,300
283,466
2,560
15,696
33,977
10,099
1,291
17,373
80,996
364,462

The fee payable to the independent examiner for preparing and examining the accounts was £2,820 (2023: £2,640). In addition the charity paid £926 (2023: £1,015) to Stewardship for payroll bureau services.

c Donations in kind expensed in year

Donations in kind expensed in year
Donated goods distributed in year 2024
£
21,360
21,360		 2023
£
87,300
87,300

Page 13

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable expenditure (continued) d Grants payable

Charitable expenditure (continued)
Grants payable
Grants for the relief of poverty
Grants for UK and overseas mission
Grants for education, including ministry training
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
Grants to institutions for less than £1,000 each		 Institutions
£
9,531
9,268
374
19,173
Institutions
£
14,074
9,085
23,158		 Individuals
£
3,236
-
-
3,236
Individuals
£
3,298
-
3,298
2024
£
9,268
9,031
874
19,173		 2024
£
12,767
9,268
374
22,409
2023
£
17,372
9,085
26,457
2023
£
8,960
14,074
125
23,158

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 8 (2023: 8). 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:

Employer
Wages &
pension
salaries
contributions
Trustees:
Dr N Swettenham
39,830
1,992
Ms E Owen
9,956
498
The following amounts were payable in the previous year:
Employer
Wages &
pension
salaries
contributions
Trustees:
Dr N Swettenham
49,424
2,471
Ms E Owen
9,556
478		 2024
£
41,822
10,454
52,275
2023
£
51,895
10,034
61,929

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 14

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

6 Tangible fixed assets

Cost
At 1 April 2023
Additions
At 31 March 2024
Accumulated depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 1 April 2023
7
Stock
Donated goods for distribution to beneficiaries
8
Debtors
Tax recoverable
Other debtors
Prepayments
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)
10 Creditors: liabilities falling due within one year
Trade creditors
Other creditors
Accruals
Loans
Note 12
11 Creditors: amounts falling due after more than one year
Loans
Note 12		 Freehold
Property
£
759,656
-
759,656
56,372
14,093
70,465
689,191
703,284		 Fixtures,
fittings and
equipment
£
9,841
-
9,841
6,873
2,496
9,369
472
2,968
2024
£
1,040
2024
£
31,588
-
-
31,588
31,588
2024
£
77,264
45,993
123,257
2024
£
3,352
4,158
2,820
9,847
20,177
2024
£
238,796		 Total
2024
£
769,497
-
769,497
63,245
16,589
79,834
689,663
706,252
2023
£
-
2023
£
9,642
57
80
9,779
9,779
2023
£
80,577
45,247
125,824
2023
£
2,804
4,287
2,640
13,146
22,877
2023
£
245,017

Page 15

MELTON VINEYARD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

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
9,847
62,586
176,210
248,643		 2024
£
9,847
62,586
176,210
248,643
Bank		 2023
£
13,146
72,974
172,043
loans
258,164

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 £689,191 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 7.95%. 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 7.95%. 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 £5,227 (2023: £5,535) were payable to defined contribution personal pension schemes. No pension contributions was owing at the balance sheet date.

Page 16

MELTON VINEYARD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

14 Funds

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

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Storehouse
Honduras Offering
Hope Centre
Breathing Space
Total Restricted Funds
Aggregate of funds		 Opening
balance
2024
£
533,460
533,460
37,488
3,012
-
-
40,500
573,960		 Incoming
resources
2024
£
189,901
189,901
117,618
645
10,013
21,915
150,191
340,092		 Outgoing
resources
2024
£
(135,281)
(135,281)
(116,163)
(9,031)
(52,609)
(14,393)
(192,196)
(327,477)		 Transfers
in the year
2024
£
(55,970)
(55,970)
8,000 a)
5,374 b)
42,596 c)
-
55,970
-		 Gains and
losses
2024
£
-
-
-
-
-
-
-
-		 Closing
balance
2024
£
532,110
532,110
46,943
-
-
7,522
54,465
586,575

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

c) The transfer into the Hope Centre Fund from the General Fund was to cover the additional expenditure incurred.

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
£
689,663
-
27,165
74,054
(19,976)
(238,796)
532,110		 Designated
funds
-
-
-
-
-
-
-		 Restricted
funds
£
-
1,040
4,423
49,203
(201)
-
54,465		 2024
£
689,663
1,040
31,588
123,257
(20,177)
(238,796)
586,575

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.

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

Breathing Space is restricted funds to provide free listening services to the community.

Page 17

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024

14 Funds (continued)

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

General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Storehouse
Honduras Offering
Hope Centre
Total Restricted Funds
Aggregate of funds		 Opening
balance
2023
£
547,351
547,351
36,514
2,908
-
39,422
586,773		 Incoming
resources
2023
£
182,554
182,554
148,331
5,530
15,234
169,095
351,649		 Outgoing
resources
2023
£
(158,340)
(158,340)
(155,357)
(5,426)
(45,339)
(206,121)
(364,462)		 Transfers
in the year
2023
£
(38,105)
(38,105)
8,000
-
30,105
38,105
-		 Gains and
losses
2023
£
-
-
-
-
-
-
-		 Closing
balance
2023
£
533,460
533,460
37,488
3,012
-
40,500
573,960

In the previous year, 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
£
705,467
-
8,422
87,465
(22,877)
(245,017)
533,460		 Designated
funds
-
-
-
-
-
-
-		 Restricted
funds
£
784
-
1,357
38,359
-
-
40,500		 2023
£
706,252
-
9,779
125,824
(22,877)
(245,017)
573,960

15 Transactions with related parties

During the year the charity:

received donations totalling £13,786 (2023: £13,790) from related parties (which includes trustees, any other a) members of key management and anyone closely connected to them).

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

16 Members

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

Page 18

MELTON VINEYARD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 MARCH 2024

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
2024
£
185,058
1,263
985
2,576
19
189,901
135,281
135,281
54,620
(55,970)
(1,350)
533,460
532,110		 Designated
2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
2024
£
147,935
1,915
237
104
-
150,191
192,196
192,196
(42,005)
55,970
13,965
40,500
54,465		 Total
2024
£
332,993
3,178
1,222
2,680
19
340,092
327,477
327,477
12,615
-
12,615
573,960
586,575		 General
2023
£
179,063
928
1,930
419
215
182,554
158,340
158,340
24,214
(38,105)
(13,891)
547,351
533,460		 Designated
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
2023
£
166,322
899
85
1,289
500
169,095
206,121
206,121
(37,027)
38,105
1,078
39,422
40,500		 Total
2023
£
345,385
1,826
2,015
1,708
715
351,649
364,462
364,462
(12,813)
-
(12,813)
586,773
573,960

Page 19