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2024-02-29-accounts

VINE BRANCH MINISTRIES 8415349 — (A COMPANY LTD BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2024

. VINE BRANCH MINISTRIES - 1152597

CHARITY REGISTRATION NUMBER: 1152597 COMPANY REGISTRATION NUMBER: 8415349

.

Gift Aid Services Ltd 63 Wansford Road Woodford Green Essex 1G8 7AD

]

VINE BRANCH MINISTRIES 8415349 — (A COMPANY LTD BY GUARANTEE)

CONTENTS

Pages 3 to 4 Legal & Administrative Information

Page 5 Directors Annual Report

Page 6 Independent Examiner’s Report

Page 7 Statement of Financial Activities

Pages 8 to 9 Balance Sheet

Pages 10 to 22 Notes of the Financial Statements

,

2

VINE BRANCH MINISTRIES 8415349 — (A COMPANY LTD BY GUARANTEE)

LEGAL AND ADMINSTRATIVE INFORMATION

CHARITY NUMBER 1152597 COMPANY NUMBER 8415439

END OF FINANCIAL YEAR 28 FEBRUARY 2024

TRUSTEES AT 28 FEBRUARY 2024 MR KAYODE ASHAMA REV OLUSOLA KOLADE DR NGOZI ELUMOGO

GOVERNING DOCUMENT

OBJECTS

(a) To advance the Christian Faith in accordance with the statement of beliefs appearing in the schedule hereto in London and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit and other such purposes which are exclusively charitable according to the Law of England and Wales and are connected with the charitable work of the charity. (b) To further Christian education including by means of establishing and operating any educational establishment or establishment in such parts of London and in such other parts of the United Kingdom and the world as the trustees may from time to time think fit. (c) To relieve persons who are in condition of need or who are aged or sick and to relieve the distress caused thereby in such parts of London and in such other parts of the United Kingdom and the world as the trustees may from time to time think fit. (d) To provide and maintain facilities for the benefit of local communities in such parts of London, the United Kingdom and the world as the trustees may from time to time think fit which facilities may without limitation include the provision of child-care services and meetings, lectures and classes and other forms of education, recreation and leisure time occupation without distinction of race, sex, political, religious or other opinion and with the object of improving the conditions of life for the said inhabitants as the trustees may from time to time in their discretion determine

3

VINEMINISTRIES(A COMPANYBRANCH LTD BY GUARANTEE)8415349 —

REGISTERED ADDRESS

19 MEADOWCROFT ROAD READING RG2 8RJ

PRIMARY BANKERS

TSB PLC

INDEPENDENT EXAMINERS

GIFT AID SERVICES LTD 63 WANSFORD ROAD WOODFORD GREEN ESSEX IG8 7AD

4

VINEMINISTRIES(A COMPANYBRANCH LTD BY GUARANTEE)8415349 — DIRECTORS ANNUAL REPORT FOR 2023/4

Statement of Director’s responsibilities:

Company law requires the directors to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the company and of the profit or loss of the company during that period. In preparing those financial statements the directors are required to:

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In preparing this report the directors have taken advantage of special exemption applicable to small companies conferred by Section 477 of the Companies Act 2006, and no notice requiring an audit has been deposited under Section 476 of the Act.

Approved by the Directors on...10...June 2024.................00. and

Signed on their behalf......Mr Kayode Ashama ......., Director.

5

VINEMINISTRIES(A COMPANYBRANCH LTD BY GUARANTEE)8415349 — INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS OF VINE BRANCH MINISTRIES

[ report on the accounts of the Charity for the year ended 28 February 2024, which are set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.

The trustees, who are also directors of the charity for the purposes of the Companies Act, are responsible for the preparation of the accounts, and they consider that the company is exempt from an audit. It is our responsibility to carry out procedures designed to enable us to report our opinion.

Basis of opinion

Our work was conducted in accordance with the Statement of Standards for Reporting Accountants, and so our procedures consisted of comparing the accounts with the accounting records kept by the company, and making such limited enquiries of the officers of the company as we considered necessary for the purposes of this report. These procedures provide only the assurances expressed in our opinion.

In our opinion,

a) the accounts are in agreement with the accounting records kept by the company under the Section 386 of the Companies Act 2006,

b) having regard only to, and on the basis of, the information contained in those accounting records:

1) the accounts have been drawn up in a manner consistent with the accounting requirements specified in the Statement of Recommended Practice, Accounting and Reporting by Charities and li) the company satisfied the conditions for exemption from an audit of the accounts for the year specified in section 477 of the Act and did not, at any time within that year, fall within any of the categories of companies not entitled to the exemption specified in section 476.

Gift Aid Services Ltd 63 Wansford Road Woodford Green Essex IG8 7AD

6

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |VINE|BRANCH|MINISTRIES|Charity|No| |1152597| |Annual|accounts|for|the|period| |Paaicctart|dat|Period|end| |ened|sia|fale|01-Mar-23}|T°|date|—-28-Feb-24| |Section|A|Statement|of|financial|activities| |Restricted| |Recommended|Details|of own|g|Unrestricted|income|Endowment|Total|this|Total|last| |categories|by activity|analysis|2|funds|funds|funds|year|year| |£|£|£|£|£| |Incoming|resources|(Note|3)|FO1|FO2|FO03|FO04|FOS| |Incoming|resources|from| |generated|funds| |Vintuenary inca|sot|55,847 Pe|fs|||55,847|57,110| |charitable|activities|S04| |Incoming resources from|P|| |Total incoming resources|s06|55,847 Poet|55,847|57,110| |Resources|expended|(Notes|4-8)| |Costs|of generating|voluntary| |income|S07| |Charitable activities|S10|37,298 Po.|37,298|28,851| |Total resources expended|s13|37,298 Pe ||37,298|28,851| |Net incoming/outgoing)|resources|before| |transfers|$14| |Net incoming/(outgoing)|resources|before| |other recognised gains/(losses)|$16|18,549|18,549|28,259| |Other|recognised|gains/(losses)| |Gains|and|losses|on|revaluation|of fixed|assets| |for|the|charity's|own|use|S17| |Gains and losses on investment assets|$18|Ee|ee|ee|ee| |Net movement in funds|si9|18,549 Pe ||18,549|28,259| |Total funds brought forward|so}|147418]|-|||-|||saza18]|118,859| |Total funds carried forward|szi||_165667||-|||~~ -|~+||465,667]|147,118|

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7

Section B

Balance sheet

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Restricted| |g@|Unrestricted|income|Endowment|Totalthis|Total|last| |3|funds|funds|funds|year|year| |£|£|£|£|£| |Fixed|assets|FO1|FO2|FO3|F04|FOS| |Tangible|assets.|(Noted)|i|[| ST|PO| |poo|{oo|PP| |Current|assets|Total fixed assets|sos|[~|-||||||||?| |Stock and work|in progress|a|es|ee|ee| |(Short term)|investments|SN| |Cash|A| |at bank and|in|hand|BOs|165,667|he|ne|165,667|147,118| |Total current assets|809|165,667 i|165,667|147,118| |Creditors:|amounts|falling|due| |within|one|year|(Note|12)|B10| |Net current assets/(liabilities)|811|165,667|||-|{||=|||165,667|147,118| |Total assets less current liabilities|812|165,667 Pf|||165,667|147,118| |Creditors:|amounts|falling|due|after| |one|year|(Note|12)|B13| |Net assets|B15|165,667|||=|-|||—|-|||165,667|147,118| |Funds|of the|Charity| |Unrestricted|funds|B16|165,667|165,667|147,118| |a7 {|||es| |Restricted|income funds|(Note|13)|B18|fe|Pome fe||| |Endowment funds|(Note|13)|Bt9|a|eeeee| |Total funds|820|165,667|a|165,667|147,118|

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Section C

Notes to the accounts

Note 1‘ Basis of preparation

This section should be completed by all charities.

1.1 Basis of accounting These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

[** except for the following].

Give details in this box if a different standard has been followed.

*-Tick as appropriate:

° if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

e if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)’.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

Give details in this box of any material changes that have been made.

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

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No changes have been made to accounts for previous years (§§ except for the following).
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Give details in this box of any material changes that have been made.

§§ if no changes have been made to accounts for previous periods then delete these words.

10

Section C Notes to the accounts

(cont)

Note 2 Accounting policies Accounting policies
This standard listofaccountingpolicies has been appliedbythe charityexcept forthose deleted. Where a differentor
additionalpolicyhas been adopted then this is detailed in thebox below.
INCOMING RESOURCES
Recognition ofincoming These are included in the Statement of Financial Activities (SoFA) when:
resources °
the charity becomes entitled to the resources;
e
the trustees are virtually certain they will receive the resources; and

the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFAwhen the charity has unconditional
entitlement to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Sign
stim,
ink
Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
:
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts onlywhen sold or
distributed bythe charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended)where the benefit to the charity is reasonably quantifiable, measurable and material.
The value placed on these resources is the estimated value to the charity of the service or
facility received.
Volunteer help Thevalue ofany voluntary help received is not included in the accounts but is described in the
;
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains andlosses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to marketvalue at the end ofthe year.
- EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs ofthe preparation and examination of statutory accounts, the costs oftrustee
meetings and cost ofany legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service
conditions or output to be provided, such grants are only recognised in the SoFA oncethe recipient of the
grant has provided the specified service or output.
Grants payable without These are only recognised in the accountswhen a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control ofthe charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use These are capitalised ifthey can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stockexchange are valued at marketvalue atthe year
end. Other investment assets are included at trustees’ best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE

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Notes to the accounts

Section C

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

This year
Last year
Analysis
£
£
Voluntary income &
AidTaxRecoverable
Gift} 45,615
47,669
LT
—i—‘—SsSSSSCSzr
10,232
9,441
Total
55,847
57,110
Activities forgeneratingfunds[—SSSSSC~S
SSCdCOCCS*d
Total
=
Investmentincome ae
Ss
ee
Total=
Incomingresourcesfrom
charitable activities

[Cd
a
ee
Tota]

;

12

Section C

(cont)

Notes to the accounts

|

Section C Notes to the accountsaccounts
(cont)
Note 4 Analysis of resources expended
Resources expended may be further analysed ifthiswould help the reader ofthe accounts.
This year
Last year
Costsofgenerating
voluntaryincome
{
°
Analysis
E
£
{
cr
Fundraisingtrading
costs
Total]Te
Investment
managementcosts
es
eS
[SOSCSC—SSCCd
Total]eT
Charitable activities
Total
37,298
28,851
Governancecosts {Cd
CdS‘SS
Total]

13

(cont)

Section C Notes to the accounts Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

|Fundraising activity
Charitable Activity |Governance Activity
Total Cost| |---| |Support cost type
£
£
£
£| |Building Rent & Hall Hire
9,614
9,614| |& Rates
LL
A| |Webhosting
i
1,379
[Equipment =|
3.186}
3.186
Bankcharges rs[278
Maintenance |SSSSSSCSCSC~dSSCSCS
BOE
SCSC~C~C~CS~iSSSCSCSCSCS~S
Se| |Honerarum |S
2650*S
2,850
a
5
5,191| |PROGRAMMES
poe
2674
2,674
GOTOSUBS Poe
8
SERVICEGHBRGE po
po
37208}|
37,298
Note6
Detailsofcertainitemsofexpenditure|

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

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Number of trustees who were paid expenses NONE | CNONE
Total amount paid £ NONE Ig NONE |
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6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

,

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This year Last year
: £ £
Independent examiner’s or auditors' fees for reporting on the accounts Lael so
Other fees (for example: advice, consultancy, accountancy services)
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paid to the independent examiner or auditor

14

.

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Section C
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Notes to the accounts
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(cont)
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Note 7 Paid employees Please complete this note if the charity has any employees.

7.1 Staff Costs

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This year Last year
£ £
Gross wages, salaries and benefits in kind ee
Employer’s National Insurance costs a
Total staffeosts| | fs
7.2 Average number of full-time equivalent employees in the year This year Last year
The parts ofthe charityinwhichthe [oP
employees work [Charitable Activities | __——- ‘| SSS
Lc
7.3 Defined contribution pension scheme
Please complete if a defined contribution pension scheme is operated.
a= SC
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The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

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This year Last year
£ £
a ae
ee ee
a eee
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15

(cont)

Section C

Notes to the accounts

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

8.1 Total value of grants

8.1 Total value of grantsgrants
Grants to
Grants to
institutions
individuals
Purpose forwhich grants made Total amount £
Total amount £
a
rol]

8.1 Grantmaking costs

If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate Support costs.

Support costs of grantmaking

8.3 Grants made to institutions

If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.

Names of institutions Purpose iat ameunt or grants paid £

Total grants to institutions P|

16

(cont)

Section C Notes to the accounts

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

||Freehold land | Other land &|Freehold land | Other land &|Plant,|Fixtures,|Payments on|Total| |---|---|---|---|---|---|---| ||& buildings|buildings|machinery|fittings and | account and||| ||||and motor|equipment|assets under|| ||||vehicles||construction|| ||£|£|£|£|£|£| |Balance brought||||||| |forward||||||| |"Balance carried||||||| |forward||||||| |9.2 Accumulated depreciation and impairment provisions||||||| |*“Basis||SL or RB|SL or RB|SL or RB||SL or RB|| |“Rate]TT
88%||||||| |Balance brought||||||| |forward||||||| |Depreciation charge||||||| |for year||||||| |Balance carried||||||| |forward||||||| |9.3Netbookvalue|||||||

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

17

Notes to the accounts

(cont)

Section C

Note 10 Investment assets

Please complete this note if the charity has any investment assets.

10.1 Fixed assets investments

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|||||| |---|---|---|---|---| |Carrying|(market) value|at beginning|of year| |Add:|additions|to investments at cost| |Less:|disposals|at|carrying|value| |Add/(deduct):|net gain/(loss) on|revaluation| |Carrying|(market) value|at end|of year|

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£
fe
Poe
Pe
|
Pe
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Please provide below:

10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.

10.3 A breakdown of the income from investments agreeing with SOFA row S03.

Analysis of investments

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|||||| |---|---|---|---|---| |10.2|10.3| |Market|value|at||Income|from| |year|end|investments|for| |the|year| |£|£| |PT| |a| |ae|ae| |Total«iY|

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |Investments|listed|on|a|recognised|stock|exchange|or|held|in|common| |investment|funds,|open|ended|investment|companies,|unit|trusts|or|other| |collective|investment|schemes| |Investments|in subsidiary or connected undertakings and companies| |Securities not listed on a recognised|Stock Exchange| |Cash|held as part of the investment portfolio|

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10.4 Material investment holdings

If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.

Investment held

Market Value

18

|

(cont)

Section C Notes to the accounts

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

.
Analysis ofdebtors
Amounts falling due
taps
within one year
Amounts falling due
taps
within one year
Amounts falling due after
morethan one year
Amounts falling due after
morethan one year
This year Last year This year Last year
Tradedebtors
Amounts duefrom subsidiary and associated
£
es
£
es
£
ed
£
undertakings
Otherdebtors SsSs Ss ee) es
VotedSew

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Lastyear
£ £ £ £
Amounts due to subsidiary and associated
undertakings
Othercreditors NONE =]eT
Total) NONE

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

19

Section C

Notes to the accounts

(cont)

Note 13 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

13.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

e permanent endowment funds (PE); e expendable endowment funds (EE); and @ restricted income funds, including special trusts, of the charity (R). Fund Name Type re = Purpose and Restrictions — 13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

Fund Fund balances balances brought Incoming Outgoing Gains and carried forward resources | resources | Transfers losses forward Fund names £ £ £ £ £ £

13.3 Transfers between funds

Please give details of any transfers between funds.

From Fund (Name) To Fund (Name)

20

(cont)

Section C

Notes to the accounts

Note 14 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.

14.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.

Name oftrustee orconnected party (
Legal authority (eg order,
governing document)
Amounts paid orbenefitvalue
Thisyear
Lastyear
£
£

14.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.

ame of
trustee or
connected party
F
Legal authority
:
This year
Lastyear
£ £
Due to trustees and
related parties
Due from trustees
andrelatedparties

14.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.

Name of the trustee Relationship to Description ofthe This year Last year
orrelatedparty charity transaction(s) £ £

21

Section C

Note 15

Notes to the accounts

Additional Disclosures

(cont)

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

:

22