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2021-07-31-accounts

Charity number: 1149023

Company number: 08139530

(England and Wales)

VINECHURCH LONDON

TRUSTEES' REPORT AND ACCOUNTS

For the year ended 31 July 2021

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VINECHURCH LONDON Contents Page

For the year ended 31 July 2021

Report of the Trustees 1 to 3
Independent Examiner's Report to the Trustees 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 11
Detailed Statement of Financial Activities 12 to 13

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VINECHURCH LONDON Report of the Trustees

For the year ended 31 July 2021

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 July 2021. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Empowerment

We raise members to be devoted to God, to be firm in fasting and prayer and walk in the supernatural, teaching and encouraging them to function in their callings and gifts.

This fiscal year 2020-2021 was a year of adaptation to the new normal for Vinechurch due to the Covid-19 pandemic. The charity continued to adapt ways of achieving its objectives to meet with the situation at hand.

The intercessory ministry held regular meetings and set aside time weekly for praying and teaching, encouraging participants to function in their calling. The government rules were adhered to, and Sunday services were held online, and Bible studies on Tuesdays. Members prayed for the nations of the world as well as the United Kingdom. During these sessions, members were encouraged to live a Christian lifestyle and function in their gifts and callings. Members participated in the corporate December and June prayer and fasting held for all KICC and the teachings which took place daily at these times.

The youth and children's ministries are thriving. During the Pandemic lockdown, the youth and children's church's activities continued through Zoom calls.

The Caring House Fellowship (CHF) centre programs were also affected, and members were encouraged to go through the teaching material provided with their families rather than visit any cell group and eventually these cell groups were held online.

Statement on public benefit

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

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For the year ended 31 July 2021

VINECHURCH LONDON Report of the Trustees Continued

ACHIEVEMENTS AND PERFORMANCE

Numerical

We engage in sound Bible-based teaching and exhort and commit members to reach out in corporate and personal witnessing, discipleship, and mentorship. True servanthood is about credibility, consistency, being an extra-miler, making selfless decisions, character, diligence and walking in the anointing. Summed up, it is about putting God first in everything.

Members were all encouraged to reach out to each other and support any vulnerable neighbours in their local community by phone or online (Facebook, Skype, Zoom, etc.). The church should be contacted for welfare and signposting to other authorities if needed.

Empowerment Centre

We participate in social activities, raising civic leaders and initiating social action programs. We collaborate with community groups, driving personal development, with a focus on education, career, and enterprise.

Vinechurch encourages all members to participate in social activities with local community groups and practise health and exercise activities online during this season.

The project with Brook House, a care home in Thamesmead was ongoing prior to the Covid-19 lockdown. Here, members engage the elderly and vulnerable through music, worship, and dialogue. The church hopes to continue its community activities with the elderly in person when it is deemed safe to do so.

Vinechurch offered welfare support to bereaved families and those who were experiencing hardship e.g., due to loss of job.

Celebration

We engage in consecrated, celebratory, contemporary, vibrant, uplifting, and edifying Jesus-centred worship. The congregation is the 'choir', led by multi-generational worship teams who help engender corporate and personal commitment to worship in spirit and in truth as a 24/7 lifestyle.

Spiritual

We prepare people for eternity, teaching them to walk with God and in holiness, integrity, and Christian maturity, manifesting the fruit of the Holy Spirit. Our Sunday services have themed messages to address everyday Christian living and to empower participants to be civil citizens and responsible members of the community.

International / Organisation

We help plant other ministries through the KICC national forum, seeding, sending

and serving until the gospel is preached in all nations.

As in previous years, Christmas hampers were given to members of the local community. This was done in collaboration with Peabody Community Foundation and other local voluntary bodies.

Financially

We aim to raise kingdom millionaires by teaching biblical financial principles to our members and encourage a lifestyle of financial literacy and stewardship.

During the Pandemic the Vinechurch business forum kept members updated of the Government initiatives to assist those in business and on what support packages were available.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

FINANCIAL REVIEW

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity, and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In the twelve months under review, total income was £154,657; (2020: £150,744) and total expenditure was £142,297; (2020: £151,847). Net results for the year were £12,360; (2020: (£1,103)) and carries forward funds of £170,963; (2020: £158,603).

Reserves

The Trustees believes that unrestricted funds which have not been designated for a specific use should be maintained so that in the event of a significant drop in funding, they will be able to continue the Charity's activities. The Trustees continue to work towards achieving three months of unrestricted expenditure.

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is registered as a charitable limited company, limited by guarantee, as defined by the Companies Act 2006 and is governed by its memorandum and articles of association dated 11 July 2012.

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VINECHURCH LONDON Report of the Trustees Continued For the year ended 31 July 2021

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity VINECHURCH LONDON Charity registration number 1149023 Company registration number 08139530 Principal address The Link, Arch F Bazalgette Way London SE2 9BS

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mr E Akingbade Ms C Anderson Dr C O Emmanuel Independent examiner Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX Approved by the Board of Trustees and signed on its behalf by ............................................................................. 29 April 2022 Dr C O Emmanuel

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Independent Examiners Report to the Trustees

VINECHURCH LONDON

For the year ended 31 July 2021

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 July 2021.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, 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 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 examiners statement

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 that in any material respect:

  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

  3. the accounts do not comply with the 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

  4. 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.

Tolu Obisesan New Bond Accountants 4a - 6a Hythe Street Dartford DA1 1BX

29 April 2022

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VINECHURCH LONDON

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 July 2021

Notes
Restricted
funds
Unrestricted
funds
£
£
Income and endowments from:
Donations and legacies
1,020
153,637
2
Other income
-
-
3
Total
1,020
153,637
Expenditure on:
Charitable activities
)
(141,066
)
(1,231
4/5
Total
)
(1,231
)
(141,066
)
(211
12,571
Net income/expenditure
Reconciliation of funds
Total funds brought forward
4,289
154,314
Total funds carried forward
166,885
4,078		 2021
£
154,657
-
154,657
)
(142,297
)
(142,297
12,360
158,603
170,963		 2020
£
144,648
6,096
150,744
)
(151,847
)
(151,847
)
(1,103
159,706
158,603

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08139530

Registered Number :

VINECHURCH LONDON Statement of Financial Position

As at 31 July 2021

Notes
Fixed assets
Tangible assets
11
Current assets
12
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
14
Unrestricted income funds
Total funds		 £
2021
6,752
6,752
10,992
167,732
178,724
)
(14,513
164,211
170,963
170,963
4,078
166,885
170,963		 £
2020
23,370
23,370
10,992
175,598
186,590
)
(51,357
135,233
158,603
158,603
4,289
154,314
158,603

For the year ended 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Dr C O Emmanuel Trustee

29 April 2022

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VINECHURCH LONDON Notes to the Financial Statements

For the year ended 31 July 2021

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

VINECHURCH LONDON meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

At the time of approving the accounts, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees' continue to adopt the going concern basis of accounting in preparing the accounts.

Funds

Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted funds are subject to specific conditions set out by donors as to how those funds may be used.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure.

Charitable activites

Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs.

Allocation and appointment of costs

Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Leasehold Improvements 20% Per annum on cost Equipment & Furniture 20% per annum on cost Computer Equipment 20% per annum on cost

2. Income from donations and legacies

Restricted
funds
Unrestricted
funds
£
£
Donations received
1,020
153,637
1,020
153,637		 2021
£
154,657
154,657		 2020
£
144,648
144,648

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VINECHURCH LONDON

Notes to the Financial Statements Continued

For the year ended 31 July 2021

3. Other income

Rental income
osts of charitable activities by fund type
Restricted
funds
Unrestricted
funds
£
£
91,522
1,231
Charitable activities
49,544
-
Support costs
141,066
1,231
osts of charitable activities by activity type
Support costs
Activities
undertaken
directly
£
£
Support costs
Charitable activities
49,544
92,753		 2021
£
-
-
2021
£
92,753
49,544
142,297
2021
£
142,297		 2020
£
6,096
6,096
2020
£
113,042
38,805
151,847
2020
£
151,847

4. Costs of charitable activities by fund type

5. Costs of charitable activities by activity type

6. Analysis of support costs

2021 2020
£ £
Charitable activities
Management costs 43,740 35,064
Governance costs 5,804 3,741
49,544 38,805

7. Net income/(expenditure) for the year

This is stated after charging/(crediting):

Depreciation of owned fixed assets Accountancy fees

2021 2020
£ £
16,618 16,929
4,504 3,741

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VINECHURCH LONDON

Notes to the Financial Statements Continued

For the year ended 31 July 2021

8. Staff costs and emoluments

Employees 2021
1
1		 2020
1
1

There are no paid employees in the year ending July 2021 nor in the year ending July 2020.

9. Trustee remuneration and related party transactions

Vinechurch is a part of KICC and KICC National Forum and is committed to making regular contribution to KICC National Forum charity. Contributions in the year were £10,671; (2020: £10,211)

There were no trustee's remunerations in the current and prior year.

10. Comparative for the Statement of Financial Activities

Restricted
funds
Unrestricted
funds
£
£
Income and endowments from:
Donations and legacies
3,412
141,236
Other income
-
6,096
Total
3,412
147,332
Expenditure on:
Charitable activities
)
(148,947
)
(2,900
Total
)
(2,900
)
(148,947
512
)
(1,615
Net income/expenditure
Reconciliation of funds
Total funds brought forward
3,777
155,929
Total funds carried forward
154,314
4,289		 2020
£
144,648
6,096
150,744
)
(151,847
)
(151,847
)
(1,103
159,706
158,603

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VINECHURCH LONDON

Notes to the Financial Statements Continued

For the year ended 31 July 2021

11. Tangible fixed assets

Computer
Equipment
Equipment &
Furniture
Leasehold
Improvements
Cost or valuation
£
£
£
4,342
42,562
49,323
At 01 August 2020
At 31 July 2021
49,323
42,562
4,342
Depreciation
2,074
33,892
36,891
At 01 August 2020
Charge for year
759
5,994
9,865
2,833
39,886
46,756
At 31 July 2021
Net book values
At 31 July 2021
At 31 July 2020
2,567
12,432
2,676
8,670
1,509
2,268		 Total
£
96,227
96,227
72,857
16,618
89,475
6,752
23,370

12. Debtors

Amounts due within one year:
Other debtors
Creditors: amounts falling due within one year
Accruals and deferred income		 2021
£
10,992
10,992
2021
£
14,513
14,513		 2020
£
10,992
10,992
2020
£
51,357
51,357

13. Creditors: amounts falling due within one year

14. Movement in funds

Purpose of unrestricted Funds

General

Unrestricted funds are available for use at the discretion of the Committee in furtherance of their charitable objectives unless the funds have been designated for other purposes.

Restricted Funds

Balance at Incoming Outgoing Balance at
01/08/2020 resources resources 31/07/2021
£ £ £ £
General 4,289 1,020 )
(1,231		 4,078
4,289 1,020 )
(1,231		 4,078

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VINECHURCH LONDON

Notes to the Financial Statements Continued

For the year ended 31 July 2021

Restricted Funds - Previous year

Balance at Incoming Outgoing Balance at
01/08/2019 resources resources 31/07/2020
£ £ £ £
General 3,777 3,412 )
(2,900		 4,289
3,777 3,412 )
(2,900		 4,289

Purpose of restricted funds

General

Restricted funds are subject to specific conditions set out by donors as to how those funds may be used.

15. Analysis of net assets between funds

Tangible fixed
assets
£
Unrestricted funds
General
6,752
General
Restricted funds
-
General
6,752
Previous year
Tangible fixed
assets
£
Unrestricted funds
General
23,370
General
Restricted funds
-
General
23,370		 Net current
assets /
(liabilities)
£
160,133
4,078
164,211
Net current
assets /
(liabilities)
£
130,944
4,289
135,233		 Net Assets
£
166,885
4,078
170,963
Net Assets
£
154,314
4,289
158,603

16. Company limited by guarantee

VINECHURCH LONDON is a company limited by guarantee and accordingly does not have a share capital.

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VINECHURCH LONDON Detailed Statement of Financial Activities

For the year ended 31 July 2021

INCOME AND ENDOWMENT
Donations and legacies
Tithes and offerings
VKC youth camp
Building fund
Other income
Gift aid
Other income
Rental income
Total incoming resources
EXPENDITURE
Charitable activities
Rent and rates
KICC national forum
Evangelism and special events
Charitable donations
Ministry cost
Mission cost
Musicians, honorarium and fees
Welfare
Education and training
VKC youth camp
SUPPORT COSTS
Management costs
Depreciation - owned assets
Bank and other processing fees
Advertising and subscriptions
Insurance
Print, post and stationery
Books and journals
Repairs and maintenance
Computer consumables
Travel
Sundries
Small equipment
Telephone and Internet
Consulting
Governance costs
Accountancy fees
Legal fees
Total resources expended		 £
2021
119,643
210
60
1,050
33,694
154,657
-
-
154,657
)
(68,290
)
(10,671
)
(146
-
)
(3,766
)
(1,200
)
(4,730
)
(3,550
)
(400
-
)
(92,753
)
(16,618
)
(2,386
)
(997
)
(1,010
)
(684
-
)
(172
)
(2,458
)
(8,900
)
(2,780
)
(3,845
)
(2,890
)
(1,000
)
(43,740
)
(4,504
)
(1,300
)
(5,804
)
(142,297		 £
2020
105,744
2,300
60
1,739
34,805
144,648
6,096
6,096
150,744
)
(71,823
)
(10,211
)
(1,903
)
(3,584
)
(360
)
(540
)
(8,055
)
(5,620
)
(416
)
(10,530
)
(113,042
)
(16,929
)
(2,737
)
(2,298
)
(1,029
)
(51
)
(62
)
(1,589
)
(1,429
)
(1,350
)
(1,748
-
)
(2,842
)
(3,000
)
(35,064
)
(3,741
-
)
(3,741
)
(151,847

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VINECHURCH LONDON Detailed Statement of Financial Activities Continued

12,360 (1,103)

For the year ended 31 July 2021

Net Income

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