REGISTERED COMPANY NUMBER: 08139530 (England and Wales) REGISTERED CHARITY NUMBER.. 1149023 VINECHURCH LONDON (A COMPANY LIMITED BY GUARANTEEI Trustees. Report and Unaudited Financial Slatements for the Year Ended 31 July 2024 Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Contents of the Financial Statements for the Year Ended 31 July 2024 Page Trustees. Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 13 Detailed Statement of Financial Activities 14 to 15 Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Trustees. Report for the Year Ended 31 July 2024 The trustees who are also direclors of the charity for Ihe purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 20191. Objectives and activities Objectives and aims Empowemient We raise members to be devoted to God, to be firm in fasling and prayer and walk in the supernatural, leaching and encouraging them to function in Iheir callings and gifts. Significant activities During the fiscal year 2024 - 2025. KICC Vinechurch continued to make progress in differenl areas. including the regular attendan of church services. There is gradual but steady growth in our virtual attendance and regular Sunday services and other church programs. There has not been a change in the pastoral and leadership level, but one truslee resigned. and another was appointed in his place. Subscription to our YouTube channel has also grown. The intercessory ministry continued to hold regular meetings and set aside time weekly for praying and teaching, encouraging participants to function in their callings. Intercessory sessions were held online on Friday evenings and Sunday mornings. Monthly all-night prayers commenced as well for the last Friday of every month and everyday prayers virtually for seven days leading to that in person all night prayers. The Bible studies on Tuesdays also continue to be held virtually. During Sunday ServIS members prayed for the nations of the world as well as the United Kingdom. During these sessions, members were enwuraged 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 of KICC and the teachings which took place daily at these times. The youth and children's ministries are Ihriving. The youth and children's church's activities continued Ihrough Zoom calls. The Caring House Fellowship ICHF) centre programs were held online with teaching materials provided. Public benefit The trustees confirm that they have complied with the Charity Commission's guidance on public benefit. Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Trustees. Report for the Year Ended 31 July 2024 Achievement and performance Charitable activities Numerical We engage in sound Bible-based leaching and exhorted members to reach out in corporate and personal witnessing, discipleship and mentorship. True servanthood is about credibility, consistency, being an exlra-miler, making selfless decisions, character, diligence and walking in the anointing. Summed up, it is about putting God first in everything. As has been the practice, members were all encouraged to reach oul 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 participated in social aclivities, raising civic leaders and iniliating social action programs. We collaborated with community groups, driving personal development, with a focus on education, career and enterprise. KICC Vinechurch encourages all members to participate in social activities with local community groups and practise health and exercise activities online during this season. The church hopes to continue its community activities with the elderly in person. The Vine women's ministry continued its activities and so also the Vine men's ministry. KICC Vinechurch offered welfare support to bereaved families and those who were experiencing hardship e.g. due to loss of job or earnings. Celebration We engage in consecrated, celebratory, contemporary, vibrant, uplifting and edifying Jesus-cenlred 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 2417 lifestyle. Spiritual We prepare people for elernity, teaching them to walk wilh God and in holiness, integrily and Christian maturity, manifesting the fruit of the Holy Spirit. Our Sunday services have themed messages to address everyday Chrislian living and to empower participants lo be civil citizens and responsible members of the community. International l Organisation We help plant other ministries through the KICC national forum, seeding, sending and serving until the gospel is preached in all nations. Again, 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. The KICC Vinechurch business forum kept members updated and informed on their business ventures through a series of both virtual and actual breakfast evenls. Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Trustees. Report for the Year Ended 31 July 2024 Financial review Financial position In the twelve months under review, total income was £186,276,. {2023'. £148,608). Net results for the year were £42,734., (2023.. £17,492) and carries forward funds of £206,936,. (2023.. £164,201). Reserves policy The Trustees believe that unrestricted funds which have nol 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 Charitls activities. The Trustees reserves can sustain the charity for more than 3 months of unrestricted expendilure. 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 lo provide reasonable assurance against fraud and error. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that Ihe Charity has adequate resources lo 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 controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The charily 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. Reference and administrative details Registered Company number 08139530 (England and Wales) Registered Charity number 1149023 Registered office The Link, Arch F Bazalgette Way London SE2 9BS Trustees Macaulay Adeli Cecilla Anderson Oluwole Salako (appointed 1012124} Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Trustees. Report for the Year Ended 31 July 2024 Reference and administrative details Independent Examiner Tolu Obisesan IMAAT) ANS Accounts Lld 82A James Carter Road Mildenhall Suffolk Essex IP28 7DE This report has been prepared in accordance with the special provisions of Part 15 of the Companies Acl 2006 relating lo small companies. Approved by order of the board of trustees on 29 April 2025 and signed on ils behalf by.. Macaulay Adeli - Trustee Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
Independent Examinerfs Report to the Trustees of Vinechurch London Independent examiner's report to the trustees of Vinechurch London ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Acl 20061'lhe 2006 Act'l. Having satisfied myself thal the accounts of the Company are not required to be audited under Part 16 of the 2006 Acl 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 Acl 2011 I'the 2011 Act'l. In carrying oul my examination I have followed Ihe Direclions given by the Charity Commission under Section 14515) Ib) of the 2011 Act. Independent examiner's 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.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those records., or the accounts do not cornply 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 the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 lo enable a proper understanding of the accounls to be reached. [61uJ 06frSUQ Tolu Obisesan (MAAT) The Association of Accounting Technicians ANS Accounts Lld 82A James Carter Road Mildenhall Suffolk IP28 7DE 29 April 2025 Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Statement of Financial Activities for the Year Ended 31 July 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Income and endowments from Donations and legacies 122,653 290 122,943 148,608 Investmenl income Other income 2,387 60.946 2,387 60.946 Total 185,986 290 186,276 148,608 Expendilure on Charitable activities Activilies in furtherance of the charity's objectives 143,252 290 143.542 131.114 NET INCOME 42,734 42,734 17,494 Reconciliation of funds Total funds broughl forward 164,202 164.202 146.708 Total funds carried forward 206,936 206,936 164,202 The notes form part of these financial statements Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Balance Sheet 31 July 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund fund Notes Fixed assets Tangible assets 10,871 10,871 7,373 Current assets Debtors Cash at bank 5,900 172,000 208,629 208.629 208,629 208,629 177,900 Creditors Amounts falling due within one year (12,564) (12,564) (21,071) Net current assets 196,065 196,065 156,829 Total assets less current liabilities 206,936 206,936 164,202 NET ASSETS 206,936 206,936 164,202 Funds Unrestricted funds 10 206,936 164,202 Total funds 206,936 164,202 The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Ib) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othenNise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Balance Sheet- continued 31 July 2024 These financial stalements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 29 April 2025 and were signed on its behalf by: Macaulay Adeji - Trustee The notes form part of these financial statements Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Notes to the Financial Statements for the Year Ended 31 July 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitsble company, which is a public benefit entity under FRS 102, have been prepared 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 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland, and the Companies Act 2006. The financial statemenls have been prepared under the historical cost convention. Income All income is recognised in the Statemenl of Financial Aclivities once the charity has entitlement lo the funds. it is probable Ihat the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to Ihat expenditure, it is probable that a transfer of economic benefits will be required in seltlernent and the amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable activities 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 Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Long leasehold Fixtures and fittings Computer equipment 20 % on cost 20 % on oosl 200/0 on cost Taxation The charily is exempt from corporation tsx on its Gharitable activities. Fund accounting UnrestriGted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of Ihe nature and purpose of each fund is included in the noles to the financial slatements. Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Notes to the Financial Statements . continued for the Year Ended 31 July 2024 INVESTMENT INCOME 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Deposit account interest 2,387 2,387 NET INCOMEI{EXPENDITURE) Net incomellexpenditurel is staled after chargingllcrediting).. 2024 2023 Depreciation - owned assets 3,507 2,718 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefils for the year ended 31 July 2024 nor for the year ended 31 July 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023. EXCEPTIONAL ITEMS In the year to JLJIY 2024, the charity received £60,946 business rates refunded from London Borough of Bexley. This is recorded in Other Income. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds Income and endowments from Donations and legacies 146,868 1,740 148,608 Expenditure on Charitable activities Activities in furtherance of the Gharity's objectives 129,374 1,740 131,114 NET INCOME 17,494 17,494 Reconciliation of funds Total funds brought forward 146.708 146,708 10 Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Notes to the Financial Statements . continued for the Year Ended 31 July 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund Total funds Total funds carried forward 164,202 164,202 TANGIBLE FIXED ASSETS Fixtures and fittings Long leasehold Computer equipment Totals Cost At 1 August 2023 Addilions 49,323 48,385 7,005 7,750 105,458 7,005 At 31 July 2024 49,323 55,390 7,750 112,463 Depreciation At 1 August 2023 Charge for year 49,323 43,828 2,566 4,934 941 98,085 3,507 At 31 July 2024 49,323 46,394 5,875 101,592 Net book value At 31 July 2024 8,996 1,875 10,871 At 31 July 2023 4,557 2,816 7,373 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments 5.900 Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Notes to the Financial Statements . continued for the Year Ended 31 July 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrued expenses 12,564 21,071 10. MOVEMENT IN FUNDS Net movement in funds Al 3117124 At 118123 Unrestricted funds General fund 164,202 42,734 206,936 TOTAL FUNDS 164,202 42,734 206,936 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unreslrlcled funds General fund 185,986 {143,252} 42,734 Restricted funds Restricted 290 {290} TOTAL FUNDS 186,276 (143,542} 42,734 Comparatlves for movement In funds Net movement in funds At 3117123 At 118122 Unrestricted funds General fund 146,708 17,494 164,202 TOTAL FUNDS 146,708 17,494 164,202 12 Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd
VINECHURCH LONDON Notes to the Financial Statements . continued for the Year Ended 31 July 2024 10. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unrestricted funds General fund 146,868 {129,374} 17,494 Restricted funds Restricted 1,740 {1,740} TOTAL FUNDS 148,608 (131,114} 17,494 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2024. 13 Doiurnent10.. 2d2fcS&d9a64c8e-9b72-4493bf2272cd