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2025-03-31-accounts

meltonvineyard.org.uk

Report and Accounts Year ended 31 March 2025

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

MELTON VINEYARD

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

Trustees Mrs J Beadle (Chair)
Mr S Cliff
Mr B Carter
Mr N Gretton - resigned 13 October 2025
Mr GC Stannard - appointed 09 September 2024
Mrs CA Stannard - appointed 09 September 2024
Mr J Foy - appointed 04 December 2025
Dr N Swettenham - resigned 19 September 2024
Ms E Owen - resigned 11 September 2024
Key Staff Mr GC Stannard (from September 2024)
Mrs CA Stannard (from September 2024)
Dr N Swettenham (until September 2024)
Ms E Owen (until September 2024)
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 - 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 2025

Objective and activities

Melton Vineyard is a Christian church based in Melton Mowbray in Leicestershire.

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 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. In September we also saw the transition of leadership from the Founding Pastors; Neal Swettenham and Eluned Owen to our new pastors; Caroline and George Stannard. We are thankful for the years of dedicated ministry Neal and Eluned have given to the church and look forward to seeing the continued fruit of that work as Caroline and George pick up their baton.

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

Our focus as a church this year has been on three values: Dwell, Gel and Tell. We want to spend time dwelling in God’s presence through prayer, worship and reading the Bible. We want to gel together as a community through love and mutual service, and we want to tell people the good news about Jesus and invite them to join us in knowing and serving him.

Hope Centre

2024/5 was another busy year in the Hope Centre. It has hosted many community support groups including a dementia café, a cancer support group, the child contact centre and an art and craft group. Downstairs in the Lounge there have also been weekly men’s breakfasts, monthly prayer meetings and termly women’s worship and prayer events. Upstairs in the Loft there have been Upper Room evening worship and teaching sessions, concerts and performances.

Page 2

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Storehouse

Storehouse, our food bank and drop-in centre, gave away 8,057 food bags last year – that’s 72,513 meals, and provided 1625 hot meals in the cafe. In addition to receiving food bags and a chance to drop in, chat and receive practical and emotional support from our team of 39 volunteers from the church and local community we have also offered mentoring to help people return to education or employment and improve their mental health. Over the last year the Storehouse Life Group has regularly had 18 or more people coming along each week for prayer and encouragement, and many of them took part in an Alpha Course at Storehouse last Autumn. AA meetings have been offered weekly at Storehouse to support those recovering from addiction.

Storehouse is supported by Churches Together in Melton Mowbray.

Breathing Space

Breathing Space, our free community listening service, continued to receive regular referrals from Latham House Medical Practice and last year the 23 listeners, 3 counsellors and 10 student counsellors working in the service offered 875 hours of listening. 145 clients, including 29 returners to the service were supported over the year.

Breathing Space also ran 2 six-week Positive Women courses, a Bereavement Journey course for the community and another for the church.

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 2024 a number of the youth group attended Dreaming the Impossible, a national youth festival, organised by Vineyard Churches UK and Ireland. They’ve met regularly on Sunday evenings and Transitional Youth – a growing group for those in school years 7-9, have also met on Sunday mornings. There have been regular social events like board games, pizza and film nights, and a bowling party.

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. There have also been some fantastic family events like Forest Church and Building Together where children and parents have enjoyed time outdoors or making things whilst sharing faith together.

At the end of March, Penny Finn stepped down as Designated Safeguarding Lead and we have appointed Paul Croxford, a church member with prior experience of this vital role, to take over. We are very grateful to Penny for her valuable insights and guidance to help us review and improve our safeguarding policies and procedures.

Church Life

Our Sunday gatherings continue to play a central role in our ministry as times we can meet and worship together as a church family. The musicians and singers have worked hard throughout the year, leading us in worship with integrity and commitment – ably supported

Page 3

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2025

by the Data Projection and PA teams. We’ve enjoyed bi-monthly Family Services and special services at Christmas and Easter including a Pop-Up Nativity, drama and carols, and memorable performances from our new choir. We’ve also been able to enjoy 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.

We have seen lots of newcomers in the church over the last year and have been thrilled to baptise a number of new and existing church members, including some from our Storehouse life group who attended the Alpha course.

We’ve also seen the launch of a social group for the over 60’s called Elderberries and summer social events including picnics, walking groups and sports, and a pancake party at Storehouse.

Prayer

We have been excited to see a noticeable increase in attendance at monthly prayer meetings and special prayer events demonstrating increased engagement with prayer across the life of the whole church. We have had a particular focus on prayer during the summer months through our Light the Fire Again campaign to pray for revival and renewal in the church.

The Prayer for Anything team have continued to pray for hundreds of people on the streets of Melton on Tuesdays and Saturdays. And we’ve had a new monthly prayer meeting for the town taking place in the Hope Centre led by some of our local councillors.

Mission and outreach

In June 2024 we organised a free Family Fun Day on the new housing estate opposite John Ferneley College, where we hold our Sunday gatherings, to bless the local community there. We had a BBQ, face painting, games and sports, stalls and entertainment and enjoyed meeting and chatting with the local residents who were blown away by the fact it was all free!

In 2023 it was wonderful to be able to get to know and serve the many refugees who joined us from Scalford Hall, a local hotel used to house asylum seekers, until the end of the year when it was closed. We continued to keep in contact with some of the refugees and hosted them for a joyful reunion in September 2024 with a party and a church service.

We worked 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. Melton Vineyard members, in partnership with Churches Together in Melton Mowbray, were involved in an outdoor Good Friday service and Pentecost prayer for the town and many attended an Open Doors event to learn about the plight of the persecuted church across the world.

We continued to support our brothers and sisters in Honduras by providing regular financial support to Pastor Fredy and the churches he leads in La Ceiba, as they fulfil the vision God has given them to feed the poor three meals a day, 365 days a year. 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. We

Page 4

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2025

were able to send financial gifts to the church after the devastating flooding following tropical storm Sara in November 2024 to assist with rebuilding and recovery. We have also been excited to help ICTL develop new links with a Vineyard USA Church who have recently been able undertake a mission trip and provide funds for vital building work.

Public Benefit

We have had regard to the guidance issued by the Charity 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 until their retirement in September 2024 when Caroline and George Stannard were appointed.

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 bookkeeping and accounting.

Staff employed by Melton Vineyard in 2024-25 were:

Neal Swettenham: Senior Pastor (0.6 FTE) until September 2024 Eluned Owen: Senior Pastor (0.2 FTE) until September 2024 Caroline Stannard: Storehouse Director (0.6 FTE) and Senior Pastor (0.2 FTE from September 2024) George Stannard: Assistant Pastor (0.6 FTE) until September 2024 then Senior Pastor full time.

Storehouse Mentoring & Business Manager (0.6 FTE) Church Administrator (0.43 FTE) Digital Media Assistant (0.05 FTE) Young Vineyard Co-ordinator (0.2 FTE)

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

Total 8 staff (2024: 8 staff).

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

Subsequent Events

We have made a number of new appointments since March 2025 including Storehouse Co-ordinator (0.6 FTE), Young Vineyard Co-ordinator (0.2FTE) and Designated Safeguarding Lead (voluntary). Sigrid Atherton has recently retired as Storehouse Mentoring and Business Manager and we wish her well as she continues to serve the local community in her role as councillor and Mayor.

Page 5

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2025

Financial performance

Net Operating Income: Total income £306,127 (2024 £340,092) less total expenditure £314,012 (2024: £327,477) which equals a deficit of £7,885 (2024 surplus: £12,615). 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 decrease in funds for the year of £7,885 (2024 increase £12,615).

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 unrestricted net current assets as presented are £65,982 (2024: £81,243). This figure includes reserves to cover three months’ liabilities of £45,000 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.

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

Page 6

MELTON VINEYARD TRUSTEES REPORT

FOR THE YEAR ENDED 31 MARCH 2025

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 2025 and it was approved by the Directors on Dec 17, 2025 and signed on their behalf by:

J Beadle

J Beadle (Dec 17, 2025 21:03:05 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 2025 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 18, 2025 10:21:59 GMT)

Archie McDowall BA CA Institute of Chartered Accountants of Scotland

Stewardship 1 Lamb's Passage London EC1Y 8AB

Date: Dec 18, 2025

Page 8

MELTON VINEYARD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
Other trading activities
Investments
4
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 Unrestricted
Funds
£
180,827
80
-
5,261
1,226
187,393
160,128
160,128
27,265
(47,133)
(19,868)
532,110
512,242		 Restricted
Funds
£
117,414
500
-
820
-
118,734
153,884
153,884
(35,150)
47,133
11,983
54,465
66,448		 Total
Funds
2025
£
298,241
580
-
6,081
1,226
306,127
314,012
314,012
(7,885)
-
(7,885)
586,575
578,690		 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

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 2025

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stock
8
Debtors
9
Cash at bank and in hand
10
CREDITORS: Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
CREDITORS: Amounts falling due
12
after more than one year
TOTAL NET ASSETS
FUND BALANCES
15
Unrestricted Funds
General funds
Restricted Funds		 Unrestricted
Funds
£
675,098
675,098
-
5,715
75,985
81,700
(15,717)
65,982
741,081
(228,839)
512,242
512,242
512,242
-
512,242		 Restricted
Funds
£
-
-
496
252
66,489
67,237
(789)
66,448
66,448
-
66,448
-
-
66,448
66,448		 Total
Funds
2025
£
675,098
675,098
496
5,967
142,474
148,937
(16,506)
132,430
807,528
(228,839)
578,690
512,242
512,242
66,448
578,690		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 17, 2025 21:03:05 GMT)J Beadle --------------------------------------Dec 17, 2025 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 2025

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 2025

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.

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 2025

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
Investment income
Property letting
Bank interest
5
Charitable expenditure
a
Costs incurred directly on specific activities
Staff costs
Ministry
Grants payable (note 5d)
Storehouse
Staff costs
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).		 2025
£
206,944
10,850
45,741
34,706
298,241
2025
£
10,850
10,850
2025
£
3,895
2,186
6,081
2025
£
94,222
18,577
22,755
38,291
37,805
10,850
222,500
2,832
22,077
41,011
10,360
667
14,565
91,512
314,012		 2024
£
208,918
22,400
68,663
33,012
332,993
2024
£
22,400
22,400
2024
£
1,305
1,375
2,680
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

The fee payable to the independent examiner for preparing and examining the accounts was £2,832 (2024: £2,820). In addition the charity paid £452 (2024: £926) to Stewardship for payroll bureau services.

c Donations in kind expensed in year

Donations in kind expensed in year
Donated goods distributed in year 2025
£
10,850
10,850		 2024
£
21,360
21,360

Page 13

MELTON VINEYARD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2025

5 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
Grants for education, including ministry training
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
£
14,515
8,240
22,755
Institutions
£
9,531
9,268
374
19,173		 Individuals
£
-
-
-
Individuals
£
3,236
-
-
3,236
2025
£
8,240
14,515
-
22,755		 2025
£
14,515
8,240
22,755
2024
£
12,767
9,268
374
22,409
2024
£
9,268
9,031
874
19,173

6 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 7 (2024: 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 (until Sepetmber 2024)
16,414
821
Ms E Owen (until Sepetmber 2024)
5,734
287
Mr G Stannard (from September 2024)
36,956
1,848
Mrs C Stannard (from September 2024)
22,989
1,149
following amounts were payable in the previous year:
Employer
Wages &
pension
salaries
contributions
Trustees:
Dr N Swettenham
39,830
1,992
Ms E Owen
9,956
498		 2025
£
17,235
6,020
38,804
24,138
86,197
2024
£
41,822
10,454
52,275

The following amounts were payable in the previous year:

Dr N Swettenham, Ms E Owen, Mr G Stannard and Mrs C Stannard 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 2025

7 Tangible fixed assets

Cost
At 1 April 2024
Disposals
At 31 March 2025
Accumulated depreciation
At 1 April 2024
Charge for the year
Eliminated on disposal
At 31 March 2025
Net book value
At 31 March 2025
At 1 April 2024
8
Stock
Donated goods for distribution to beneficiaries
9
Debtors
Tax recoverable
Other debtors
Prepayments
Total debtors
10 Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three months or less)
11 Creditors: liabilities falling due within one year
Trade creditors
Other creditors
Accruals
Loans
Note 13		 Freehold
Property
£
759,656
-
759,656
70,465
14,093
-
84,558
675,098
689,191		 Fixtures,
fittings and
equipment
£
9,841
(1,899)
7,942
9,369
472
(1,899)
7,942
-
472
2025
£
496
2025
£
5,018
149
800
5,967
5,967
2025
£
95,695
46,779
142,474
2025
£
1,659
1,181
2,832
10,834
16,506		 Total
2025
£
769,497
(1,899)
767,598
79,834
14,565
(1,899)
92,500
675,098
689,663
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

Page 15

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

12 Creditors: amounts falling due after more than one year

NOTES TO THE ACCOUNTS
MELTON VINEYARD
FOR THE YEAR ENDED 31 MARCH 2025
Creditors: amounts falling due after more than one year
Loans
Note 13
Loans and finance leases
Otherwise
than by
By
instalments
instalments
Repayable:
Within one year
-
10,834
Between one and five years
-
68,600
After five years
-
160,239
-
239,673
The liabilities for loans referred to in notes 11 and 12 fall due for repayment as follows:		 2025
£
228,839
2025
£
10,834
68,600
160,239
239,673
Bank		 2024
£
238,796
2024
£
9,847
62,586
176,210
loans
248,643

13 Loans and finance leases

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 £675,098 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 7.70%. 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 7.70%. The loan is being repaid in monthly instalments and must be repaid in full by 2037.

14 Pension commitments

During the year employer’s pension contributions totalling £5,692 (2024: £5,227) 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 2025

15 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
Pastors Fund
Total Restricted Funds
Aggregate of funds		 Opening
balance
2025
£
532,110
532,110
46,943
-
-
7,522
-
54,465
586,575		 Incoming
resources
2025
£
187,393
187,393
88,451
10,111
9,222
950
10,000
118,734
306,127		 Outgoing
resources
2025
£
(160,128)
(160,128)
(86,946)
(14,634)
(42,095)
(10,209)
-
(153,884)
(314,012)		 Transfers
in the year
2025
£
(47,133)
(47,133)
8,000 a)
4,523 b)
32,873 c)
1,737 c)
-
47,133
-		 Gains and
losses
2025
£
-
-
-
-
-
-
-
-
-		 Closing
balance
2025
£
512,242
512,242
56,448
-
-
-
10,000
66,448
578,690

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
£
675,098
-
5,715
75,985
(15,717)
(228,839)
512,242		 Designated
funds
-
-
-
-
-
-
-		 Restricted
funds
£
-
496
252
66,489
(789)
-
66,448		 2025
£
675,098
496
5,967
142,474
(16,506)
(228,839)
578,690

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.

Pastors Fund is restricted for use at the discretion of the pastor in accordance with the donor's wishes.

Page 17

MELTON VINEYARD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

15 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
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
General
funds
£
Tangible fixed assets
689,663
Stock
-
Debtors
27,165
Cash at bank and in hand
74,054
Creditors falling due within one year
(19,976)
Creditors falling due after one year
(238,796)
532,110
In the previous year, the assets and liabilities of the various funds were a		 Designated
funds
-
-
-
-
-
-
-
s follows:		 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

16 Transactions with related parties

During the year the charity:

received donations totalling £12,375 (2024: £13,786) 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.

17 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 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations
3
Charitable activities
Other trading activities
Investments
4
Other income
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total Expenditure
Net income/(expenditure)
Transfers between funds
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
15		 General
2025
£
180,827
80
-
5,261
1,226
187,393
160,128
160,128
27,265
(47,133)
(19,868)
532,110
512,242		 Designated
2025
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
2025
£
117,414
500
-
820
-
118,734
153,884
153,884
(35,150)
47,133
11,983
54,465
66,448		 Total
2025
£
298,241
580
-
6,081
1,226
306,127
314,012
314,012
(7,885)
-
(7,885)
586,575
578,690		 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

Page 19