REGISTERED COMPANY NUMBER: 8428264 (England and Wales) REGISTERED CHARITY NUMBER: 1151817
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
FOR
POIKILOS
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
POIKILOS
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 March 2026
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 13 |
| Detailed Statement of Financial Activities | 14 |
POIKILOS
REPORT OF THE TRUSTEES for the year ended 31 March 2026
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. 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 Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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.
Public benefit
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.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
During the year the Senior Pastors took the decision to move into semi-retirement and at the end of November 2025 the church went through a transition and ceased meeting on Sundays. The Vineyard license was handed back to VCUKI and the charity name has been changed to "Poikilos", coming from ancient Greek meaning diverse, manifold, multi-faceted.
During the time that the church had been meeting at Chateau Café, the talks were posted online. This proved to be a practical way to support our congregation given the challenges of their everyday commitments. Over a period of approximately two years, the listenership increased with regular downloads from people who were not members of the congregation. After stopping Sunday meetings, and because of the popularity of the talks, we have continued with this as our primary outreach. The number of listeners has continued to grow over the months with many new listeners from around the globe listening regularly. We have listeners from all five continents as well as many from countries that are traditionally closed to the Gospel. Over the coming year, it is our intention to improve and expand the reach of the talks. We understand this as a means to follow the mandate in Scripture found in Matthew 28:19 "Therefore go and make disciples of all nations...." and in Acts 1:8 "But you will receive power when the Holy Spirit comes on you; and you will be my witnesses in Jerusalem, and in all Judea and Samaria, and to the ends of the earth."
Spiritual direction also forms part of our outreach. This contemplative practice helps individuals recognize and respond to the presence of God in their everyday lives. This involves regular meetings in one-on-one sessions with a person of our team. This is a developing aspect of our ministry.
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POIKILOS
REPORT OF THE TRUSTEES
for the year ended 31 March 2026
FINANCIAL REVIEW
Financial position
Net expenditure (deficit) for the year was £32,070 (2024/25: £28,016). 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. Given the current transition regular giving has dropped as has most expenidture. Total income for the year was £54,922 (2024/25: £99,438).
Total expenditure for 2025/26 was £86,992 (2024/25: £127,454).
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 £24,000 for 2025/26. At 31 March 2026, after accounting for the net expenditure incurred in the year, free reserves were £63,747.
These reserves will continue to be utilised during this transitional period.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Decision making
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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
8428264 (England and Wales)
Registered Charity number
1151817
Registered office
8 Franklin Drive Elsenham Bishop's Stortford Hertfordshire CM22 6UG
Trustees
R Harrap C Goddard Mrs G Goddard Dr S Walton J Yona
Independent Examiner
Mr Christopher Marsh FMAAT Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF
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POIKILOS
13/05/2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
REPORT OF THE TRUSTEES for the year ended 31 March 2026
.................................................................... R Harrap - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF POIKILOS
Independent examiner's report to the trustees of Poikilos ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.
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:
-
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
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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
-
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.
Mr Christopher Marsh FMAAT The Association of Accounting Technicians
Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 14/05/2026 Date: .............................................
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POIKILOS
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2026
| 31.3.26 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 52,811 Investment income 3 2,111 Total 54,922 EXPENDITURE ON Charitable activities 4 Church Activities 86,992 NET INCOME/(EXPENDITURE) (32,070) RECONCILIATION OF FUNDS Total funds brought forward 95,817 TOTAL FUNDS CARRIED FORWARD 63,747 |
31.3.25 Total funds £ 95,667 3,771 99,438 127,454 (28,016) 123,833 95,817 |
|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing and revised activates
The notes form part of these financial statements
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POIKILOS
BALANCE SHEET 31 March 2026
| 31.3.26 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 - CURRENT ASSETS Debtors 12 3,865 Cash at bank 62,327 66,192 CREDITORS Amounts falling due within one year 13 (2,445) NET CURRENT ASSETS 63,747 TOTAL ASSETS LESS CURRENT LIABILITIES 63,747 NET ASSETS 63,747 FUNDS 14 Unrestricted funds 63,747 TOTAL FUNDS 63,747 |
31.3.25 Total funds £ 406 14,494 90,274 104,768 (9,357) 95,411 95,817 95,817 95,817 95,817 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) 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 otherwise 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
continued...
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POIKILOS
BALANCE SHEET - continued 31 March 2026
These financial statements 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 ............................................. and were signed on its behalf by: 13/05/2026
.............................................
R Harrap - Trustee
The notes form part of these financial statements
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POIKILOS
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2026
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charitable 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that 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 that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
- 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.
Creditors
Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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POIKILOS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2026
1. ACCOUNTING POLICIES - continued
Fund accounting
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 the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| 2. | DONATIONS AND LEGACIES | ||
|---|---|---|---|
| 31.3.26 | 31.3.25 | ||
| £ | £ | ||
| Donations | 45,035 | 78,232 | |
| Gift aid | 7,776 | 17,435 | |
| 52,811 | 95,667 | ||
| 3. | INVESTMENT INCOME | ||
| 31.3.26 | 31.3.25 | ||
| £ | £ | ||
| Deposit account interest | 2,111 | 3,771 |
4. CHARITABLE ACTIVITIES COSTS
| Church Activities 5. GRANTS PAYABLE Church Activities The total grants paid to institutions during the year Christians Against Poverty Vineyard Churches UK & Ireland Grand Union Vineyard Church Churches Together in Bishops Stortford Worship and Word Houses of Faith Evangelical Alliance God Central Church Accrued - to be distributed from previous year Giving is accrued at 10% of income received. |
Grant funding of activities Support Direct (see note costs (see Costs 5) note 6) Totals £ £ £ £ 81,040 3,406 2,546 86,992 31.3.26 31.3.25 £ £ 3,406 10,050 was as follows: 31.3.26 31.3.25 £ £ 672 1,008 3,500 6,000 - 2,000 130 - 1,207 - 2,400 - - 80 - 2,000 (4,503) (1,144) 3,406 9,944 |
|---|---|
continued...
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POIKILOS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2026
6. SUPPORT COSTS
| 6. | SUPPORT COSTS | |||
|---|---|---|---|---|
| Governance | ||||
| Finance | costs | Totals | ||
| £ | £ | £ | ||
| Church Activities | 89 | 2,457 | 2,546 | |
| 7. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 31.3.26 | 31.3.25 | |||
| £ | £ | |||
| Depreciation - owned assets | 406 | 406 | ||
| Independent Examination | 1,525 | 1,525 |
8. TRUSTEES' REMUNERATION AND BENEFITS
Chris Goddard, a trustee, received a salary of £41,310 (2024: £44,400) and employers pension contributions of £1,052 (2025: £1,145).
Gail Goddard, a trustee, also received a salary of £22,950 (2024: £44,400) and employers pension contributions of £501 (2025: £1,145).
Both Chris and Gail were paid for their roles as pastors, not trustees, as permitted by the governing document.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.
9. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.3.26 | 31.3.25 | |
| £ | £ | |
| Wages and salaries | 64,262 | 88,800 |
| Social security costs | - | 4,744 |
| Other pension costs | 1,553 | 2,290 |
| 65,815 | 95,834 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.3.26 | 31.3.25 | |
| All staff | 2 | 2 |
No employees received emoluments in excess of £60,000.
continued...
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POIKILOS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2026
| 10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 95,667 | |
| Investment income | 3,771 | |
| Total | 99,438 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Church Activities | 127,454 | |
| NET INCOME/(EXPENDITURE) | (28,016) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 123,833 | |
| TOTAL FUNDS CARRIED FORWARD | 95,817 | |
| 11. | TANGIBLE FIXED ASSETS | |
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1 April 2025 and 31 March 2026 | 1,624 | |
| DEPRECIATION | ||
| At 1 April 2025 | 1,218 | |
| Charge for year | 406 | |
| At 31 March 2026 | 1,624 | |
| NET BOOK VALUE | ||
| At 31 March 2026 | - | |
| At 31 March 2025 | 406 |
continued...
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POIKILOS
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 March 2026
| 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Social security and other taxes Other creditors Accrued expenses 14. MOVEMENT IN FUNDS At 1.4.25 £ Unrestricted funds General fund 95,817 TOTAL FUNDS 95,817 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 54,922 TOTAL FUNDS 54,922 Comparatives for movement in funds At 1.4.24 £ Unrestricted funds General fund 123,833 TOTAL FUNDS 123,833 |
31.3.26 31.3.25 £ £ 3,865 14,494 31.3.26 31.3.25 £ £ 346 1,874 324 5,683 1,775 1,800 2,445 9,357 Net movement At in funds 31.3.26 £ £ (32,070) 63,747 (32,070) 63,747 Resources Movement expended in funds £ £ (86,992) (32,070) (86,992) (32,070) Net movement At in funds 31.3.25 £ £ (28,016) 95,817 (28,016) 95,817 |
|---|---|
continued...
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POIKILOS
NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2026
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 99,438 99,438 |
Resources Movement expended in funds £ £ (127,454) (28,016) (127,454) (28,016) |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.24 | in funds | 31.3.26 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 123,833 | (60,086) | 63,747 |
| TOTAL FUNDS | 123,833 | (60,086) | 63,747 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 154,360 | (214,446) | (60,086) |
| TOTAL FUNDS | 154,360 | (214,446) | (60,086) |
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2026.
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