Bishop's Stortford Vineyard Church Company Registration Number 8428264 Report and Accounts year ended 31 March 2022
## **BISHOP'S STORTFORD VINEYARD CHURCH**
**FOR THE YEAR ENDED 31 MARCH 2022**
||**COMPANY INFORMATION**|
|---|---|
|**Directors/Trustees**|Randle Harrap|
||Chris Goddard|
||Gail Goddard|
||Dr Suzanne Walton|
||Jatin Yona (appointed 8 December 2021)|
|**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|2-4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8-11|
|Detailed SOFA with Comparatives|12|
1
## **BISHOP'S STORTFORD VINEYARD CHURCH**
## **REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 MARCH 2022**
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.
2
## **Review of the Year**
The church is meeting in person again after the pandemic. In September 2021 we started meeting at the Bishop’s Stortford College. This did not prove to be satisfactory as the College was unable to secure our booking every Sunday morning. As a result, we have had to relocate to Summercroft Primary School. At present we continue with some of our congregation online and the balance attending the meeting in person. Summercroft is a good summer venue for our church meetings, however we will need to reassess our needs during the winter months. This is because of the space required for our children’s church.
We continue to encourage our children in their faith and endeavour to make coming to church an enjoyable experience. The children’s church does pose a challenge regarding a committed and dedicated leader. We have good participation from parents, and we continue to look for a leader.
The congregation membership remained relatively stable throughout the pandemic. We have had three new families join the congregation. Volunteers make a huge contribution to enable to church to function.
Small groups continue to play an important part of our life together. These groups support and encourage faith and contribute to the life and community of the church. There are two men’s groups that meet once a month. We have introduced new meetings that we refer to as “Table Talk Groups”. These meetings give opportunity for members to meet in a relaxed manner with friends. Our traditional small groups continue to meet each week. We have also encouraged members to get involved with their neighbours. Our prayer group closed as a result of the pandemic. The groups of two or three individuals continue. These groups are an important part of our support network. A leadership group has been formed and is meeting on a monthly basis. This group will help with the vision and running of the church.
Our primary worship leaders, who are an integral part of our worship service, relocated during lockdown. A new family has joined our congregation with the skills required to fulfill this function. This will make a great difference to our services.
Our congregation continues to be involved in helping at the Night Shelter and the Food Bank. The church was involved in the ‘shoe box’ initiative at Christmas. We have joined with Christians Against Poverty and have run evenings helping people with money management. The senior pastor meets regularly with church leaders of the town to pray and support each other. We continue as a church to be involved in a variety of initiatives under the banner of Churches Together Bishop’s Stortford in order to continue fostering the working relationship with other churches in our area. The church has been active in the Churches Together events that are organized during the year. These include events such a “Love Stortford” which involved members of the congregation going into the community to help others.
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 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 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.
Money was donated to support of several charities, in this country and abroad, in this past year.
## **Financial Review**
Net income for the year was £46,828 (2020/21: £15,223). 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 £160,841 (2020/21: £117,571).
Total expenditure for 2021/22 was £114,013 (2020/21: £102,348).
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 2021/22. At 31 March 2022, after accounting for the net expenditure incurred in 2021/22, free reserves were £122,161.
## **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 and signed on their behalf by:
## _**Randle Harrap**_
## **Randle Harrap**
Date: 14 October 2022
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 2022 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**
For and on behalf of: Stewardship 1 Lamb's Passage London
Date: 19 October 2022
5
## **BISHOP'S STORTFORD VINEYARD CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 MARCH 2022**
## **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
2022
2021
£
£
£
£
160,841
-
160,841
117,571|
|---|---|
||160,841
-
160,841
117,571
114,013
-
114,013
102,348|
||114,013
-
114,013
102,348|
||46,828
-
46,828
15,223
75,333
-
75,333
60,110|
||122,161
-
122,161
75,333|
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 2022**
|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
2022
2021
Funds
Funds
£
£
£
£
1,624
-
1,624
-|
|---|---|
||1,624
-
1,624
-|
||5,239
-
5,239
2,869
121,186
-
121,186
76,619|
||126,425
-
126,425
79,488|
||5,887
-
5,887
4,155|
||120,537
-
120,537
75,333|
|||
||122,161
-
122,161
75,333|
||122,161
-
122,161
75,333|
||122,161
-
122,161
75,333|
_For the year ended 31 March 2022, 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:_
- _a. The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act - however, in accordance with Section 145 of the Charities Act 2011 the accounts have been examined by an independent examiner whose report forms part of this document._
- _b. The directors/trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts._
_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 by:
## _Randle Harrap_
**Randle Harrap** Company number: 8428264 Charity number: 1151817 Date: 14 October 2022
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 2022**
## **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 charity meets the definition of a public benefit entity as set out in 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. Depreciation is charged in the year of acquisition, rounded to the nearest whole month.
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
2022
2021
£
£
£
£
126,849
-
126,849
78,953
28,368
-
28,368
16,232|
|---|---|
||155,216
-
155,216
95,185|
||5,625
-
5,625
22,386|
||5,625
-
5,625
22,386|
||160,841
-
160,841
117,571|
8
## **BISHOP'S STORTFORD VINEYARD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
## **3 Charitable activities**
|**a**
**Direct Charitable Costs**
Ministries
Staff Costs
Hospitality
Event Hosting
Rent
Depreciation
Membership and subscription fees
Giving (note 3c)
**b**
**Support & Administration**
Office Supplies
Gifts
Telecoms
Consumables
Technology & Utilities
Insurance
Professional fees
Bank charges
**Combined charitable activity cost**|Unrestricted
Restricted
Total
Total
Funds
Funds
2022
2021
£
£
£
£
359
-
359
412
86,323
-
86,323
85,708
669
-
669
36
1,333
-
1,333
-
2,100
-
2,100
-
-
-
-
-
693
-
693
489
15,522
-
15,522
9,519|
|---|---|
||106,998
-
106,998
96,163|
||£
£
£
£
748
-
748
626
323
-
323
-
1,073
-
1,073
1,130
561
-
561
638
1,187
-
1,187
124
839
-
839
1,871
2,199
-
2,199
1,731
85
-
85
64|
||7,016
-
7,016
6,184|
||114,013
-
114,013
102,348|
## **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
Bishops Stortford Street Pastors
Rayleigh Vineyard
Rise Upliftment
VCUKI Ukraine
Vineyard Churches UK & Ireland
Grants to institutions for less than £1,000 each
Remaining adjustment to balance sheet accrual|2022
2021
£
£
1,008
1,008
-
1,500
1,000
-
3,000
-
1,000
-
2,000
-
6,000
6,000
155
1,400
1,359
(389)|
|---|---|
||15,522
9,519|
9
## **BISHOP'S STORTFORD VINEYARD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
## **4 Staff & Trustees**
|**& Trustees**||
|---|---|
|Gross wages, salaries & benefits in kind
Pensions
Training
Travel
Total staff costs|2022
2021
£
£
83,575
83,022
1,998
1,984
590
82
159
620|
||86,323
85,708|
The charity had two staff during the year (2021: 2). Activities are generally carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum (2021: 0).
Chris Goddard, a trustee, received a salary of £39,550 (2021: £39,300), pension contributions of £999 (2021: £992) and £312 (2021: £216) for use of home as office. Gail Goddard, a trustee, also received a salary of £39,550 (2021: £39,300), pension contributions of £999 (2021: £992) and £312 (2021: £216) for use of home as office. 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 £40,043 (2021: £37,438).
No other transactions have taken place with related parties during the year.
The fee payable to the independent examiner for examining the accounts was £1,100 (2021: £984); in addition the charity paid £90 (2021: £90) to Stewardship for consultancy services.
## **5 Tangible Fixed Assets**
|Cost
At 1 April 2021
Additions
Disposals
At 31 March 2022
Accumulated Depreciation
At 1 April 2021
Charge for the year
Disposals
At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021|Equipment
Total
& Fittings
2022
£
£
3,752
3,752
1,624
1,624
(3,752)
(3,752)|
|---|---|
||1,624
1,624|
||3,752
3,752
-
-
(3,752)
(3,752)|
||-
-|
||1,624
1,624|
||-
-|
10
## **BISHOP'S STORTFORD VINEYARD CHURCH**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2022**
## **6 Debtors and Prepayments**
|**Debtors and Prepayments**||
|---|---|
|Tax recoverable|2022
2021
£
£
5,239
2,869|
||5,239
2,869|
**7 Cash at Bank and in Hand**
|Bank operating accounts
**Creditors: liabilities falling due within one year**
Credit card balances
Taxation and social security
Accruals for grants payable
Trade creditors
Other creditors|2022
2021
£
£
121,186
76,619|
|---|---|
||121,186
76,619|
||2022
2021
£
£
636
0
1,905
2,190
1,724
446
1,238
1,138
384
381|
||5,887
4,155|
## **8 Creditors: liabilities falling due within one year**
## **9 Funds**
The assets and liabilities represented by the various funds are as follows:
|Unrestricted funds
General Funds|Fixed
Bank & cash
Other net
Total
assets
balances
assets
£
£
£
£
1,624
121,186
(648)
122,161|
|---|---|
||1,624
121,186
(648)
122,161|
In the previous year, the assets and liabilities represented by the various funds were:
|Unrestricted funds
General Funds|Fixed
Bank & cash
Other net
Total
assets
balances
assets
£
£
£
£
-
76,619
(1,286)
75,333|
|---|---|
||-
76,619
(1,286)
75,333|
## **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 2022**
|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
2022
2021
2022
2020
2022
2021
£
£
£
£
£
£
160,841
117,571
-
-
160,841
117,571
Unrestricted Funds - General
Restricted Funds|
|---|---|
||160,841
117,571
-
-
160,841
117,571
114,013
102,348
-
-
114,013
102,348|
||114,013
102,348
-
-
114,013
102,348|
||46,828
15,224
-
-
46,828
15,224|
||75,333
60,109
-
-
75,333
60,109|
||122,161
75,333
-
-
122,161
75,333|
Movements on reserves and all recognised gains and losses are shown above.
12