2020-12-31-accounts - Rayleigh Vineyard

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RAYLE001LC-Charity accounts (final)-KD-
Filename:
20210729-122234-047.PDF
Client of: ESW Chartered Accountants
Signature Details
Name: David Ernest Smith
Email: daves@rayleighvineyard.org.uk
Date & Time: 27/08/2021 10:36:51 (BST)
IP Address: 85.255.234.94
Rayleigh Vineyard agrees and approves the contents of this
Signing Statement:
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REGISTERED COMPANY NUMBER: 08381215 (England and Wales) REGISTERED CHARITY NUMBER: 1152620

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

RAYLEIGH VINEYARD

ESW Chartered Accountants 162-164 High Street Rayleigh United Kingdom Essex SS6 7BS

RAYLEIGH VINEYARD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

		Page
Report of the Trustees	1	to	2
Independent Examiner's Report		3
Statement of Financial Activities		4
Balance Sheet		5
Notes to the Financial Statements	6	to	10
Detailed Statement of Financial Activities		11

RAYLEIGH VINEYARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020

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 31st December 2020. 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

The objectives of the charity are as follows:The furtherance of religious or secular public education.

The advancement of the Christian faith including missionary activities in the United Kingdom and overseas, and also including, but not limited to, the planting of new churches and organisations of congregations. Relief of the poor and needy. The relief of the sick and elderly.

Such other charitable objects and for the benefit of such other charitable bodies and institutions as the committee shall in their absolute discretion see fit.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Rayleigh Vineyard was incorporated on 30th January 2013 as a private limited company by guarantee without share capital and use of 'Limited' exemption. The activities of former Rayleigh Vineyard Church, which was constituted by a declaration of Trust dated 20th August 2003 winder charity Resignation number 1101054, are now being continued through this company.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08381215 (England and Wales)

Registered Charity number

1152620

Registered office

33 High Road Rayleigh Essex SS6 7SA

Trustees

Reverend D E Smith Minister Of Religion Ms L Smith Teacher P J Rotheram Retitred Ms S Kevan Orthoptist (Retired) J C Kevan Graphic Designer (Retired) M Cronin Police Officer Ms L Last Management Accountant R B L Snell Retired

Independent Examiner

ESW Chartered Accountants 162-164 High Street Rayleigh United Kingdom Essex SS6 7BS

Approved by order of the board of trustees on 29th July 2021 and signed on its behalf by:

Page 1

RAYLEIGH VINEYARD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2020

Reverend D E Smith - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RAYLEIGH VINEYARD

Independent examiner's report to the trustees of Rayleigh Vineyard ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st December 2020.

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
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 S Cracknell FCA ESW Chartered Accountants 162-164 High Street Rayleigh United Kingdom Essex SS6 7BS

29th July 2021

Page 3

RAYLEIGH VINEYARD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020

2020 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 119,523 EXPENDITURE ON Raising funds 123,474 NET INCOME/(EXPENDITURE) (3,951) RECONCILIATION OF FUNDS Total funds brought forward 12,169 TOTAL FUNDS CARRIED FORWARD 8,218	2019 Total funds £ 122,690 128,149 (5,459) 17,628 12,169

The notes form part of these financial statements

Page 4

RAYLEIGH VINEYARD

BALANCE SHEET 31ST DECEMBER 2020

Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS	2020 Total funds £ 827 1,939 13,202 15,141 (7,750) 7,391 8,218 8,218 8,218 8,218	2019 Total funds £ 1,034 1,989 15,976 17,965 (6,830) 11,135 12,169 12,169 12,169 12,169

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 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
(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.

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 29th July 2021 and were signed on its behalf by:

D E Smith - Trustee

The notes form part of these financial statements

Page 5

RAYLEIGH VINEYARD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted 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 the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2020	2019
	£	£
Depreciation - owned assets	207	258

Page 6

continued...

RAYLEIGH VINEYARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

3. TRUSTEES' REMUNERATION AND BENEFITS

	2020	2019
	£	£
Trustees' salaries	40,596	40,596

As in accordance with the charity's Articles of Association a director may receive reasonable remuneration for acting in the role of Pastor of the Church provided that a majority of trustees do not benefit under this provision.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Pastor Administrative No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies EXPENDITURE ON Raising funds NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	2020 2019 1 1 4 4 5 5 Unrestricted fund £ 122,690 128,149 (5,459) 17,628 12,169

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

continued...

Page 7

RAYLEIGH VINEYARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

6.
TANGIBLE FIXED ASSETS
COST
At 1st January 2020 and
31st December 2020
DEPRECIATION
At 1st January 2020
Charge for year
At 31st December 2020
NET BOOK VALUE
At 31st December 2020
At 31st December 2019
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
Other creditors
9.
MOVEMENT IN FUNDS
At 1.1.20
£
Unrestricted funds
General fund
12,169
TOTAL FUNDS
12,169
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
119,523
TOTAL FUNDS
119,523

Plant and
machinery
£
9,503
8,469
207
8,676
827
1,034
2020
2019
£
£
1,939
1,989
2020
2019
£
£
1,561
-
6,189
6,830
7,750
6,830
Net
movement
At
in funds
31.12.20
£
£
(3,951)
8,218
(3,951)
8,218
Resources
Movement
expended
in funds
£
£
(123,474)
(3,951)
(123,474)
(3,951)

continued...

Page 8

RAYLEIGH VINEYARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.1.19 £ Unrestricted funds General fund 17,628 TOTAL FUNDS 17,628 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 122,690 TOTAL FUNDS 122,690	Net movement At in funds 31.12.19 £ £ (5,459) 12,169 (5,459) 12,169 Resources Movement expended in funds £ £ (128,149) (5,459) (128,149) (5,459)	Net movement At in funds 31.12.19 £ £ (5,459) 12,169 (5,459) 12,169 Resources Movement expended in funds £ £ (128,149) (5,459) (128,149) (5,459)
		(5,459)

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.1.19	in funds	31.12.20
	£	£	£
Unrestricted funds
General fund	17,628	(9,410)	8,218
TOTAL FUNDS	17,628	(9,410)	8,218

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 242,213 242,213	Resources Movement expended in funds £ £ (251,623) (9,410) (251,623) (9,410)	Resources Movement expended in funds £ £ (251,623) (9,410) (251,623) (9,410)
			(9,410)

In the Trustees’ view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.

The trustees propose to maintain the charity’s reserves at a level which is at least equivalent to three months operational expenditure and have done so having regards to its manner of operation of likely funding streams.

continued...

Page 9

RAYLEIGH VINEYARD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2020

9. MOVEMENT IN FUNDS - continued

The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity’s continuing obligations on a quarterly basis at their finance meeting.

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2020.

Page 10

RAYLEIGH VINEYARD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020

INCOME AND ENDOWMENTS Donations and legacies Incoming resources Total incoming resources EXPENDITURE Raising donations and legacies Trustees' salaries Wages and salaries Employer's NI Rent Staff training and welfare Travel and subsistence Entertaining Telephone and fax Postage Stationery and printing Area budget Books, CDs, DVDs Event Food bags Generosity Outreach Planet Kids - Under 12s Colchester Vineyard Sunday Catering Subscriptions Bank charges Insurance Software Church Planting Accountancy fees Bookkeeping fees Other legal and professional Charitable and political donations Interest on late paid tax Plant and machinery Total resources expended Net expenditure	2020 £ 119,523 119,523 40,596 17,332 303 9,949 - 1,310 1,072 2,425 1,267 1,077 849 564 1,681 5,086 10,914 1,702 3,918 257 2,342 1,602 217 1,563 3,268 2,106 1,597 144 246 9,870 10 207 123,474 123,474 (3,951)	2019 £ 122,690 122,690 40,596 15,224 195 12,530 20 4,065 1,760 1,941 350 700 2,502 599 8,186 1,347 7,336 5,321 3,402 1,711 5,418 1,557 275 1,322 1,283 1,919 1,561 144 - 6,627 - 258 128,149 128,149 (5,459)

This page does not form part of the statutory financial statements

Page 11