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
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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
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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 ServI￿S 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.
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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.
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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}
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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
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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
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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
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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
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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
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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.
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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
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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
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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
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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
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