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2021-03-31-accounts

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Bishop's Stortford Vineyard Church
Report and Accounts
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year ended 31 March 2021
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1 Lamb's Passage LONDON EC1Y 8AB t: 0208 502 5600 e: enquiries@stewardship.org.uk w: www.stewardship.org.uk

BISHOP'S STORTFORD VINEYARD CHURCH

FOR THE YEAR ENDED 31 MARCH 2021

COMPANY INFORMATION

Directors/Trustees

Randle Harrap Thomas Stokely (resigned 31 July 2020) Chris Goddard Gail Goddard Dr Suzanne Walton

Governing Document

Memorandum and Articles of Association

Company Registration Number 8428264 Charity Registration Number 1151817 Registered Office 8 Franklin Drive Elsenham Bishop's Stortford Hertfordshire CM22 6UG

Independent Examiner

Archie McDowall BA, CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Bankers

HSBC 18 North Street Bishop's Stortford Hertfordshire CM23 2LP

CONTENTS

Page
Company Information 1
Report of the Directors 2-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-12
Detailed SOFA with Comparatives 13

1

BISHOP'S STORTFORD VINEYARD CHURCH

REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2021

The Directors have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The charity's objects are for the public benefit and are restricted to the following:

a) To advance the Christian faith in accordance with the statement of beliefs in the schedule to the articles including but not by way of limitation through the planting of other Vineyard Churches in such ways and in such parts of Bishop's Stortford, the United Kingdom or the world as the Trustees from time to time may think fit;

b) To further Christian education in such parts of Bishop's Stortford, the United Kingdom and the world as the Trustees may from time to time think fit;

c) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling, training in life skills and support in such parts of Bishop's Stortford, the United Kingdom or the world as the Trustees from time to time may think fit;

d) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.

Government

Bishop's Stortford Vineyard Church ("BSV") was established as a company limited by guarantee on 4th March 2013. Ultimate responsibility for the entity rests with the Trustees however day to day management is delegated to the Senior Pastor(s) and decisions and responsibility for all pastoral and leadership matters reside with them. There is also oversight from Vineyard UK (VCUKI) area leaders and their national leadership team.

The Board of Trustees (“Trustees”) meets at least four times each year, with further meetings as required. The induction process for any newly appointed Trustee comprises an initial meeting with the Chairman where the powers and responsibilities of the Trustees are explained. They are also provided with a copy of the Vineyard Trustee manual.

In planning the activities the Directors have had regard to the guidance on public benefit issued by the Charity Commission.

Vision & Mission Statements

Our Vision is to be a community that lives out the message of Jesus and the Bible in such a way that all may grow to experience the love of God. Our Mission is to make Jesus known to those we encounter and equip them to follow Him.

3

Review of the Year

The church continued to meet online via Zoom during the COVID 19 pandemic. The congregation membership remained stable, and the Sunday meetings were well attended.

Small groups continued to play an important part of our life together. During the pandemic these meetings were held on Zoom. Two new groups were established. These groups were an important part of a support network for people during challenging times, fostering relationships and encouraging prayer.

The children’s church closed over this period that we were not meeting in person. At the beginning of the pandemic an attempt was made to engage with the children via recorded content. This did not work well for the children and was therefore not continued.

Pastoral care continued, mainly via phone and Zoom, but also in person when the weather was good and it was permitted.

Our mission involvement also came to a standstill over the last 12 months. Attempts were made to pursue opening a Debt Center in Bishop’s Stortford, however Christians Against Poverty, with whom we would be working, found that there was not sufficient call for a Debt Center in the area. An online course of Money Management was run.

Money was donated to support several charities in this past year.

We continue to be a family focused congregation and organize special events in line with the Christian Calendar to foster reflection, and a greater sense of community. The pastors attended that national conference which was held online this year.

The spiritual life of the congregation is vital if it is to achieve its mission and vision. We are constantly mindful of the fact that we exist to bring the Good News of God’s love and grace to a world in need. The congregation has been reminded again this past year that everyone needs to be involved in reaching out and touching the lives of people in their own sphere of influence. This means speaking about their faith and in practical and concrete ways, expressing God’s care by serving those in need.

Financial Review

Net income for the year was £15,223 (2019/20: net expenditure £2,229). The majority of BSV’s income comprised regular donations from BSV’s congregation via standing order or direct salary giving, together with gift aid received in relation to those donations. Total income for the year was £117,571 (2019/20: £104,652).

Total expenditure for 2020/21 was £102,348 (2019/20: £106,881).

3

Reserves Policy

The Trustees' Policy on Reserves and Investments is to minimise the level of reserves held in order to make maximum use of available funds to further the aims of the charity and to use low risk investment, which maintains ready access to the reserves. The Trustees have the powers to invest funds as they see fit.

The Trustees consider that the free reserves are equivalent to the net current assets of Unrestricted Funds. This excludes fixed assets, which are needed for the continuing use of the charity and are generally illiquid. They consider that the free reserves should be broadly equivalent to three months' budgeted operating expenditure, which is approximately £30,000 for 2020/21. At 31 March 2021, after accounting for the net expenditure incurred in 2020/21, free reserves were £75,333.

Directors' Responsibilities

Charity law requires us as Directors to prepare financial statements for each accounting year which give a true and fair view of the state of the charity and of its income and expenditure for the year.

  1. Select suitable accounting policies and apply them consistently.

  2. Make judgements and estimates that are reasonable and prudent.

  3. State whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts.

  4. Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business.

We are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the company and enable us to ensure that the financial statements comply with the Companies Act 2006.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the Directors on 28 November 2021 and signed on their behalf by:

Randle Harrap

4

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

BISHOP'S STORTFORD VINEYARD CHURCH

('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2020 on pages 7 to 13 following, which have been prepared on the basis of the accounting policies set out on page 9.

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

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

  3. 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

  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.

Archie McDowall BA, CA

6 December 2021

For and on behalf of: Stewardship 1 Lamb's Passage London

5

BISHOP'S STORTFORD VINEYARD CHURCH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

Summary Income and Expenditure Account

Note
INCOME AND ENDOWMENTS FROM
Donations and Legacies
2
Total income and endowments
EXPENDITURE ON
Charitable activities
3
Total expenditure
Net Movement in Funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2021
2020
£
£
£
£
117,571
-
117,571
104,652
117,571
-
117,571
104,652
102,348
-
102,348
106,881
102,348
-
102,348
106,881
15,223
-
15,223
(2,229)
60,110
-
60,110
62,339
75,333
-
75,333
60,110

Movements on reserves and all recognised gains and losses are shown above.

The notes on page 9-13 form part of these accounts.

6

BISHOP'S STORTFORD VINEYARD CHURCH

BALANCE SHEET

AS AT 31 MARCH 2021

Note
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Debtors
6
Cash at bank
7
CURRENT LIABILITIES
Liabilities falling due within one year
8
Net Current Assets
NET ASSETS
FUND BALANCES
Unrestricted funds
9
General Funds		 Unrestricted
Restricted
2021
2020
Funds
Funds
£
£
£
£
-
-
-
-
-
-
-
-
2,869
-
2,869
6,977
76,619
-
76,619
57,662
79,488
-
79,488
64,639
4,155
-
4,155
4,529
75,333
-
75,333
60,110
75,333
-
75,333
60,110
75,333
-
75,333
60,110
75,333
-
75,333
60,110

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

Responsibilities of directors/trustees:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Directors and signed on their behalf on 28 November 2021 by:

Randle Harrap

Company number: 8428264 Charity number: 1151817

The notes on page 9-13 form part of these accounts.

7

BISHOP'S STORTFORD VINEYARD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting Policies

The accounts have been prepared on the going concern basis, as there are no material uncertainties about the charity’s ability to continue. Based on the adequacy of the charity’s reserves as at the balance sheet date, along with their knowledge of the charity’s ability to meet bills, payments and other liabilities as they fall due, the directors have a reasonable expectation that the charity has sufficient resources to continue in operational existence for the foreseeable future.

The accounts have been prepared under the historic cost convention, 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) issued on 16 July 2014; and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102). The following are the accounting policies which have been applied in dealing with material items:-

a) Donated and grant income:

Donated income and grants receivable are taken into account when received by the charity. Income received in circumstances where a claim for repayment of tax has been or will be made to HM Revenue & Customs is grossed up for the tax recoverable. Any amount of tax reclaimed from HM Revenue & Customs but not yet received is shown within the charity's debtors.

b) Funds:

Unrestricted funds are donations and other income received or generated for the objects of the charity without specified purpose and are available for purposes as directed by the trustees. Restricted funds are amounts received where the donor has specified the purpose for which it should be used.

c) Fixed assets and depreciation:

Fixed assets acquired for use by the charity are capitalised and depreciated over their estimated useful life unless they cost less than £500 when they are written off on purchase. A full year's depreciation is charged in the year of acquisition.

Depreciation periods are as follows:

Equipment 4 years

d) Taxation

The company is a registered charity and is exempt from taxation under the Income & Corporation Taxes Acts.

e) Cashflow statement

The company has taken advantage of the exemption provided by the Financial Reporting Standard 1 and has not prepared a Cash Flow Statement for the year.

2
Donations and Legacies
a
Voluntary Income
General donations
Tax recoverable
b
Government Grants
Job Retention Scheme grants
Combined charitable income		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
78,953
-
78,953
86,462
16,232
-
16,232
18,190
95,185
-
95,185
104,652
22,386
-
22,386
-
22,386
-
22,386
-
117,571
-
117,571
106,881

8

BISHOP'S STORTFORD VINEYARD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

3 Charitable activities

a
Direct Charitable Costs
Ministries
Staff Costs
Hospitality
Rent
Depreciation
Membership and subscription fees
Giving (note 3c)
b
Support & Administration
Office Supplies
Telecoms
Consumables
Technology & Utilities
Insurance
Professional fees
Bank charges
Combined charitable activity cost		 Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
412
-
412
428
85,708
-
85,708
85,486
36
-
36
1,138
-
-
-
3,050
-
-
-
-
489
-
489
777
9,519
-
9,519
10,465
96,163
-
96,163
101,345
£
£
£
£
626
-
626
673
1,130
-
1,130
244
638
-
638
705
124
-
124
358
1,871
-
1,871
1,793
1,731
-
1,731
1,730
64
-
64
32
6,184
-
6,184
5,536
102,348
-
102,348
106,881

c Giving

Giving is accrued at 10% of income received. Principal payments made during the year were to the following for the purpose of UK and overseas mission (all institutions):

Christians Against Poverty
Hope Works
Southend Vineyard
The Dust Project
Unseen Pursuit
Vineyard Churches UK & Ireland
Grants to institutions for less than £1,000 each		 2021
2020
£
£
1,008
1,008
1,500
-
-
5,000
-
1,500
-
2,000
6,000
6,000
1,400
-
9,908
15,508

9

BISHOP'S STORTFORD VINEYARD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

The fee payable to the independent examiner for examining the accounts was £984 (2020: £960); in addition the charity paid £90 (2020: £90) to Stewardship for consultancy services.

f & Trustees
Gross wages, salaries & benefits in kind
Pensions
Training
Travel
Total staff costs		 2021
2020
£
£
83,022
81,820
1,984
1,926
82
413
620
1,327
85,708
85,486

The charity had two employed staff during the year (2020: 2). Its activities are generally carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum (2020: 0).

Chris Goddard, a trustee, received a salary of £38,250 (2020: £38,250). Gail Goddard, a trustee, also received a salary of £38,250 (2020: £38,250). Both Chris and Gail were paid for their roles as pastors, not trustees, as permitted by the governing document. No other payments were made to directors or any persons connected to them during this financial period.

The total amount of donations funded by trustees was £37,438 (2020: £56,656).

No other transactions have taken place with related parties during the year.

5 Tangible Fixed Assets

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Accumulated Depreciation
At 1 April 2020
Charge for the year
Disposals
At 31 March 2021
Net book value
At 31 March 2021
At 1 April 2020		 Equipment
Total
& Fittings
2021
£
£
3,752
3,752
-
-
-
-
3,752
3,752
3,752
3,752
-
-
-
-
3,752
3,752
-
-
-
-

10

BISHOP'S STORTFORD VINEYARD CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2021

6
Debtors and Prepayments
Tax recoverable
7
Cash at Bank and in Hand
Petty cash
Bank operating accounts
8
Creditors: liabilities falling due within one year
Accruals		 2021
2020
£
£
2,869
6,977
2,869
6,977
£
£
-
-
76,619
57,662
76,619
57,662
£
£
4,155
4,529
4,155
4,529

9 Funds

The assets and liabilities represented by the various funds are as follows:

Fixed Bank & cash Other net Total
assets balances assets
£ £ £ £
Unrestricted funds
General Funds - 76,619 (1,286) 75,333
- 76,619 (1,286) 75,333
In the previous year, the assets and liabilities represented by the various funds were:
Fixed Bank & cash Other net Total
assets balances assets
£ £ £ £
Unrestricted funds
General Funds - 57,662 2,448 60,110
- 57,662 2,448 60,110

10 Events since the year end

There have not been any material events since the year end.

11 Members

Each member of the company commits to contribute if the charity is wound up an amount of £1.

11

BISHOP'S STORTFORD VINEYARD CHURCH

Detailed Statement of Financial Activities with Comparatives

FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Total income and endowments
EXPENDITURE ON
Charitable activities
3
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Total
Total
Funds
Funds
2021
2020
2021
2020
2021
2020
£
£
£
£
£
£
117,571
104,652
-
-
117,571
104,652
Unrestricted Funds - General
Restricted Funds
117,571
104,652
-
-
117,571
104,652
102,348
106,881
-
-
102,348
106,881
102,348
106,881
-
-
102,348
106,881
15,224
(2,229)
-
-
15,224
(2,229)
60,109
62,339
-
-
60,109
62,339
75,333
60,109
-
-
75,333
60,110

Movements on reserves and all recognised gains and losses are shown above.

12