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 2021
FOR
RAYLEIGH VINEYARD
ESW Chartered Accountants 162-164 High Street Rayleigh Essex SS6 7BS
RAYLEIGH VINEYARD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
| 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 |
RAYLEIGH VINEYARD (REGISTERED NUMBER: 08381215)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021
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 2021. 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 (resigned 22.11.2021) Ms S Kevan Orthoptist (Retired) (resigned 20.1.2022) J C Kevan Graphic Designer (Retired) (resigned 21.11.2021) M Cronin Police Officer Ms L Last Management Accountant R B L Snell Retired A Mcclintock (appointed 24.1.2022)
Independent Examiner
ESW Chartered Accountants 162-164 High Street Rayleigh Essex SS6 7BS
Approved by order of the board of trustees on 22nd March 2022 and signed on its behalf by:
Page 1
RAYLEIGH VINEYARD (REGISTERED NUMBER: 08381215)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021
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 2021.
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 Essex SS6 7BS
22nd March 2022
Page 3
RAYLEIGH VINEYARD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 129,901 EXPENDITURE ON Raising funds 124,544 NET INCOME/(EXPENDITURE) 5,357 RECONCILIATION OF FUNDS Total funds brought forward 8,218 TOTAL FUNDS CARRIED FORWARD 13,575 |
2020 Total funds £ 119,523 123,474 (3,951) 12,169 8,218 |
|---|---|
The notes form part of these financial statements
Page 4
RAYLEIGH VINEYARD (REGISTERED NUMBER: 08381215)
BALANCE SHEET 31ST DECEMBER 2021
| 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 |
2021 Total funds £ 662 - 16,941 16,941 (4,028) 12,913 13,575 13,575 13,575 13,575 |
2020 Total funds £ 827 1,939 13,202 15,141 (7,750) 7,391 8,218 8,218 8,218 8,218 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 22nd March 2022 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 2021
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):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 165 | 207 |
Page 6
continued...
RAYLEIGH VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| 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 2021 nor for the year ended 31st December 2020.
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 |
2021 2020 1 1 4 4 5 5 Unrestricted fund £ 119,523 123,474 (3,951) 12,169 8,218 |
|---|---|
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 2021
| 6. TANGIBLE FIXED ASSETS COST At 1st January 2021 and 31st December 2021 DEPRECIATION At 1st January 2021 Charge for year At 31st December 2021 NET BOOK VALUE At 31st December 2021 At 31st December 2020 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 1.1.21 £ Unrestricted funds General fund 8,218 TOTAL FUNDS 8,218 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 129,901 TOTAL FUNDS 129,901 |
Plant and machinery £ 9,503 8,676 165 8,841 662 827 2021 2020 £ £ - 1,939 2021 2020 £ £ 864 1,561 3,164 6,189 4,028 7,750 Net movement At in funds 31.12.21 £ £ 5,357 13,575 5,357 13,575 Resources Movement expended in funds £ £ (124,544) 5,357 (124,544) 5,357 |
|---|---|
continued...
Page 8
RAYLEIGH VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.20 £ Unrestricted funds General fund 12,169 TOTAL FUNDS 12,169 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 119,523 TOTAL FUNDS 119,523 |
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) |
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) |
|---|---|---|
| (3,951) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.1.20 | in funds | 31.12.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 12,169 | 1,406 | 13,575 |
| TOTAL FUNDS | 12,169 | 1,406 | 13,575 |
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 £ 249,424 249,424 |
Resources Movement expended in funds £ £ (248,018) 1,406 (248,018) 1,406 |
Resources Movement expended in funds £ £ (248,018) 1,406 (248,018) 1,406 |
|---|---|---|---|
| 1,406 |
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 2021
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 2021.
Page 10