REGISTERED COMPANY l¥t7MBER: 084762311 (EnglaDd and WAle>) RECISTERED CIIARrrY NUMBER: 11526S9 Transforming lives, shaping communities The Tbe ViDe Maidstone Trustees, Report and Financfial Statements 31 December 2023
cowrE]WTS OF THE FINANCIAL STATEMENTS FOR THE YEAR EI¥DED 31 DECEMBER 2023 Page Report of the TTU I to 5 Ind¢pendeDt ExaDthier's Report Sttemeol of FinADcla] Aedvldes Balanee Sh¢tt Notes to the Fknthcil StxleJDents 10 to 18 Det¥lkd Ststement of Flnan¢Sxl A¢tlvities 19
REPORT OF THK TRUSTEES FOR TttE YEAR ENDED 31 DECEMBER 2D23 The trusl¢es who are also directors of the ehtirity for the purp5 of the Comptini¢s Act 2006, present th¢ir report th¢ finCial statements of the cbarity for the year ended 31 Dernber 2023. The trustees bave adopt the provisio of A¢¢ounting and Reporting by Charities.. Ststement of Recommcnded Practic¢ applicable to charities pr¢paTing their accounts in aceordance with the Fitiancial Repotting Stattdard app]icable in th¢ UK and Republic of [r¢la1 (FRS 102) (¢fftive l Jgnuary 2019). Rwtered Compatty DutDber 08476230 (England and Wales) Retered Charfty nwnber 1152659 R¢tered office Boughton Lane Maidsknne Kent ME15 9QF Trustees Betb Bagbford (appointed l January 2024) James B8shford Dave Creasey Nick Davies Andy Elphinstone knthony Hargtave Karen U)uden Andy Musgrave Rob Williams coMpY Se¢ret*ry Brian WilliaTnS Indep¢ndeDt Examlner Andr¢w Hatker FCCA Collards 5.9 Eden Street Kiagston.upon.Thames Surrey KTI IBQ Pagc I
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The Vitie Maidstone is a charitsble cornpany Iirnited by guaTantee. The comp8nywas forn1 on 5th April 2013 and w&s subsequently regist¢r¢d as a charity. The Elders of The Vine MaidstODe are the members of th¢ company and ve respoftLqiI)ility for spiritual ov¢rsight and leadersl)ip. At 31st Decemb 2023 tbe elikTS were Dave Crea5ey> Nick Davies, Martyn Gibson andBen Williatn5. Tony Faulkner resigned as an elder and nth¢r with effect from 7th Novemb¢r 2023 and after the year end. Ben Williams resigned as an elder and member with effect from 31st JaDW 2024. Th¢ members appoint the Tnjstets. who are also th¢ Directofts of the conhpany. OBJECrEs The chaTity's objectives are for the public benefit #Dd are to advanc¢ the Christian faith in Maidstone, other parts of the Uniied Kingdom and the world fijlfil sucb other cTrwitable puwses conn¢¢ted with the work of the chaTity &8 the Tn may from time to time think fiL As a Churc fillfilling the call of Go& meeting our ¢haTitable obje¢tiv¢s and providing the public benefii required of lls. we are focused on bTknging good Jews to people. Our aim is to pro¢laim the good news that Jesus ChTiSt wne to seek 4Dd to save andwe slTive to show the loveofGodin actio meetitigp¢ople in th¢xrD¢edand engagingwiththe community wheTe w¢ are plac to provide encourng¢meDt and Ipe. We believe in ev¢ryone working togeth¢r. with GO to se¢ his kingdom coming to Maidstone and beyoll The heart of what we do is Seen in our SuTMlay services. The key components ofworsbip. teachitig. prayerand fellowship provxde a foundation for fillIng our charitable objective'lo adva¢ the Cbristiao faitb". However. faith bas to be seen in action and is the springboard for reacbtng out into our conllnwty and showing the love of God iti Dumerous ways. People always have and WAII ¢ontinue to be at the heart of all we do. W¢ have been delight¢d to see new people attd falnilies join us. enTichiDg our fellowsbip and expanding our existsng etlmic diversity. Tefle¢ting the changing face of Mai(L5tone's population. This IS been a joy and it very ¢n¢owa8ing to be abl¢ to nm several'%velcome the Vine" evenings in 2023, to enable those people n¢w to us to learn mor¢ about the church and our aims and vtsio In addition to the main Sunday s¢ryice5 is the cotititived activity of Small Community groups which h¢lp people build ¢ODllection and r¢lationships in the fellowsbip. Also, a fortnigbtly Sunday aftunoon infomMI gathering at our Nortbumberland Road sit4 providing opportullities for fellowship aDd sharttig. bas fiowished and bas drawn in n¢wcomers IiviDg oll tbe Sb¢pway estate. At Cbristmas tin)¢. it waspleasing to see a full chur¢h as we ceIebrntthC birth of J¢sus, both inanev¢niDgCarol serYi¢¢ 4Dd also at a moming event aimed at families and iDvolvillg participation from o TrDge of ages. On¢ of the delights of any year Is th¢ waypeople'$ T¢lationsbtp wxth God starts and ntinUeS. Assoeiat¢d witb that is the opportUDity for people to give public t¢5timony to their faith by being baptised by inUnmiOD. 2023 saw us able to celebrate with and encourage those people who wue b¢iDg baptis. W¢ were pleased to all Alpba cows¢ for those Dewly seeking lo understalldmoTe about God and tbe ]stian fait as well as Freedomin CltcOUrse thath¢Jp$people build a base for developin8 theirrelationsbip with Go As io every year. in 2023 the fim¢tTODillg of the churth was only possible becawe of the large number ofpeople serving in nwnerous and diverse voluntary roles acro88 church life. P8ge2
REPORT OF THE TRUSTEES FOR THE YEAR Ef4DED 31 DECEMBER 2023 Activltles- eonthiued On Suttday mornings this is p8rticui8Ay evident with a number of teams involved ID serving iti nMDy w2yS to faci]ita¢e the worship setviee. T¢ams serve on a rota basis to welcome people on arrival. lead worship, lead the serviee, WO with the younger chilthen t¢¢nagers. PTeach, manag¢ th¢ venue, operate audio visual and iDternet provision and provide r¢fre5hments after chur¢h. We tbank God for the willingDe55 and contribution of All those who give up their time to serve Othe on Sundays 8nd throughout the The work ao)ong the older generdtion has ¢ODlinued to flourish this year. with regular meetings for people to gather 4Dd spend time together. as well as spe¢i41 wents sh as outings oul a Strawbe afternoon tea and a Chrisltw meal. We bave always been awar¢ thai people in the conllnunity 4round us can encounter difficulties and clJalleDging ¢irwmstances. The illCred cost of living and economic uncertainty in 2023 added to the straitis in f4rnili¢s and underlined the need to reach out in practical ways, sbowing the lov¢ of God in action. Once again. the twin airn5 of meeting our chaTitable objective and providiDg public benefit were met Our food baDk has again been very ective in 2023. With excellent siipport from both the chur¢h f¢llowsbip aDd external grants, tbis work bas incre&sed and dtversifie4 reflectitig tbe need in tbe community. Apart from the norn]81 food bank provision. we hav¢ b¢¢n able to provide suarket vouch¢r5, blaDkets and hotwaterbottles. At Christttw we laid on a spread of ChristtEW foodsttrffs for wple who hav¢ been food baDk users to choos¢ items that would suit their family tts addition to the foodbank ae¢¢ss. to tb05e comiagwe bAveprovided wid¢r support Such as awarn] welcojne. a ]istening ear and belp with government fornL8. ThroughouL our desire is to help p¢ople in a manner that demonstrates the lov¢ of God in a tallle way. ConJmuDity involvement contintied to expand in 2023. Our resource hub was a valuable source of household lten alld clothing to those in ne¢&" our community eafé saw numbets increase" the monthly men's bre4kfast atlwted more people and a knitting and sewing CiTcle flouris1d. We continuedourworkwithchristians Agait)stPovertycfAP'? agaiDstthebackwundofdiffieult conditions forfamily finances. Part of thig was WOTkiDg with a stabrtory agency to provide practical guidance to vu]ncrnble peopl¢ OD the managetllent of household fJnaDces. One dimension of us beiDg part of the wider conmurrity wa5 allory tv local church to US¢ OUT buildings for some of th¢ir activities. This aided their work 8nd ministy at a time when their spa¢¢ availability was challenging. Our WO with children and youttg people contillued to be very healthy - vigorous and Doisy! On Sundays our Kingdom Kids wups flourished. importantly the voluDleer staffing base has in¢r¢as¢d and ll¢W teachillg material has been working well. Sunday activitie$ for ¢hildr¢D iDclude *acbing. singing and tivIti an4 after the Sunday services, it is norn to se¢ ¢hildren pmudly showing off their aft wofK. The variolls youth wups continued to attra¢t bigb Dumbers with roeetings provsding opporiunities for yOUDg people to meet wÉth their frien(b in a safe envirotllnenl enabling engag¢ment with Christian teacbing and d]uS1On and having a variety of both intemal and external activities. A higblight of the year was the sumtner Newday ¢v¢nl when we took a large group of teenagers andleadersto aweekofwonhip.tr¥hing and fim intbe con)pany 0fthousd5ofQthcrtCeagerS from ar0 the county. Ext¢mal to the church we rtiaintained OurCellent school re]atiotiship$ with local primary and secondary schools. helped by good co)]llections with key members of school staff. Our involvement in 2023 in¢lud¢d le550ns on ChUb and CODununity and the importance of tbe Bii)le at two primary sthools and the contitiu¢d mentoring of teenagets referred from a secondary school. Th¢ menloring is desiglled to help yOUDg people develop social skills aod self-wortb. Pa8e3
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Aetfvities- eontiDued One of the partherships to higblight is with the Probation Service wbich h¥s developed a rn(del to support women who find themselv¢s subject to wimitial justice sentenc¢4 nwiy of whom have ¢xperienced domestic abus¢. This model has seen th¢ development of a Brthfast Club. whicb means that the women who attend can ae¢¢ss a Tange of s¢rvices in ott¢ place includitig a¢55 to services that th¢ thurch provides. eg CAP. This tyKkl of supporting vulnerdbl¢ women h&% been Dationally I¢gnIsed within the Probion Servi¢¢ as a mod¢l of excellence. Th¢ activities within the f¢llowship and in the eoJllttvJrrity are locally basei however, w¢ aTe also committed to the support of mission activities both in the UK and oversw" these involvements help us to look Iwond our local siluation and to the ¢all frotn yes9 go into au the worl¢ as Tecorded in Matthew 28 verse 19. Internationally we provided SLW>Ort for wups working with children in KeDy4 Uganda and Romani4 as well as those engagtng with disadv8ntag¢d and vulnerable girls in Brazil and the support of widows in Nigeri& In addition, we maintained ¢ODtsct with ¢hurches ill Egt and Germany wbere w¢ have built r¢latioL8hips ov¢r yeaT5. Building and sustaining relationships with ov¢rseas mission ¢ontacts is all importantpart of mission 5UPWTrrt andp¢riodic ovetse&s visits knve long be¢n the ornI and preparntion was made for the trÈp to Egypt in February 2024. TheViti¢ alsobelonyty Relatiottai missio afamity ofchur¢hes in the UKand overs¢a4 that addsto oMrbToad external perspective. In additio in ourregion, we provid¢ support to a ¢harity working in schools and to the well-r¢garded Street Pastors which aids those D¢¢ding help in the niBhdif¢ economy of Maidstone and other towns. The TTUStees have the rwonsibility to oversee and provide a fr8Jnework for the prddical, legal and regulatory needs of th¢ thurc]L Th¢ scope of the Trustees, WOTk is very wide and key areas of oversigbt include finance. safeguardill& health & saf¢ty. data protection and building maintenance aDd develOpnt. There is a plethora of policy documents and there is a structt]red timetable to review policies each year. to ¢ThSUTe ourpoli¢ies are cutr¢DL usable and fi¢ forpuw. Setting aDDuai budgets is akey proce&s each year for the Tn¢S &s part of the pnthDt Dwement of church finall¢. Flowillg from the toplin¢ budgetnumEKts are departrnent budg¢ts wbich assis¢ in monitotitig and Dwiagitig wenditure througb the year. The TnJstee5 and the Eld¢r5 wntinu¢d work tog¢ther. uniting the spiritual and the practieal &spects of chu life. An excellent Telationship between the two groups ensures that future planning is both manageable and managed. Througb the y¢ar there wer¢ opportuniti¢s for the Trust¢¢s and th¢ Elders to sp¢nd time disawing and praying through long¢r Safeguarding has long b¢en a very itnportant n)att¢rfor the Vxn¢ ¥lld 2023 saw our child prot¢thion andvulnele adults po]icies rewritten and revised. Also. there w&$ ar¢orgaDization ofre5ponsil)ilities within th¢ safeguarding lea buildin8 on the ex¢¢llent work that had gone before. DBS (Disclosure & Barring Service) checks Temain a key component ofthevine's safegwding Tegime and DBS theck8 ¢ontinued forthose involvcd in working with cbildren alldvuillerable adults. Th¢ latterlinked in very well with the review of our vulnerable adults policy. All regulatory obligations w¢re met in 2023. As iti thepasL therew¢re ao incidents orconcems that required reportiDgto external bodies su¢h as the Charity Conllllission or the He41th & Safety Executive. Ill 2023 the Vine had a snTrll fittancial deficit. Totsl ineome was £368.937, up from £335,451 in 2022, while total expellditure was £372,719 from £370.766 in 2022. A shortfall ID 2023 wa5 expected aTxI budget&A as costs rose fasr than giving in¢ome. However. other fa¢tOT& including additiottal incom4 meant that the churrh w88 very close to breakeven for the year. Poge4
REPORT OF TI[& TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW-conthiued Within the income figures, the regular monthly giving was higher in 2023 than in 2022, comitig iti strongly in the fJTSt half of tb¢ year and somewhat lower in th¢ SOnd half. We give thanks to God for His provision an<L as always, w¢ ar¢ grateful for those who have continued to Support the work and ministy of the Vine. The ewnomic background for bouseholdsw&s ¢hail¢nging but tbe fellowshipwa5 faithful tothe calling of God by givingtheirtime. talentsand resources tD help rea¢h and s¢rve people ID spiritsllL emotional and pbysical ne In parallel with th¢ support from the church fellowsbip. we received a number of ¢xtemal or donations that were targeted at specific areas. not least community support. Th¢ Vine bas a good reputation for its ¢onc¢rn for those in need and is well prepared to employ these funds. Fift¢1&1 management is the responsil)ility of the trusttts but the day-tIFday monitoring and control is bandied by a trUStled sulteaM. The finance team meets monthly and reviews rnajor components of illcome and expellditure to ensure that DO areas of strain develop. This belps to ensure there is a 501id fillala1 base. with strong casb balances. to support the continuing work of tb¢ Vine. The latter enables us to be ¢ODfid¢ni thal we cn continue kn share the love of God in word and practic< m¢ding both our clwitable objective attd PToviding COD¢inued public benefiL The reserye fund was n]ntlti¢d at ¥n unchanged level in 2023 but will continue to be reviewed periodically to eJJsute the level is fit for purpose. PIANS FOR THE FU]RE We are a famTrly fti¢nilly. multi-generational and multi-etknic reaching out to all age groups with an awar¢nes5 of the div¢rsity and th¢ Deeds of ow local cotnmunity. and thi5 will continue to be the ease. (hjr foundations aTC strong relatiot)sbips with Gsxl aDd with each other and we a1y$ seek to ensu tIt these foundations are healtby 41 productive. As we look w¢ will explore ways to continue to extend our reach by encouragi individuals to bewme involved in local and crossvcburch organisatiotjs working in th¢ wmmunity. We will also continue to build OD our international relatio1h1ps and strengthenthem inorder to 11nUe to be involved in spre8dingthemessage ofth¢ hope ofJesus asS the WOTI(L We b¢li¢ve we have a message of hope for th¢ community that surrounds and w¢ #re a1y$ #lert OPPOTttmities to provide th8tmessage in aneedyworld. With ap¢oplewillingto setwe andwiththreebuildingsstraddling southmaidstone, we are well placed to continue to meet our ¢h2ritsble objectives 8nd to provide the public benefit required of us. The life and work of the Vine bas always been and will continue to b¢ to prla]rn and show in action the love of JesL4 to those within and amuttd th¢ Approved by order of th¢ boord of on ..... .. ... K L Loude Tru•tee Page 5
¥DEPENDENT EXAMINER'S REPORT TO ThE TRUSTEES OF Independent examlneV8 report to the ¢rnstees of The Vlne mdStOe ('the Comp8nyry IreporttothechaTity ttusteesonmy¢xamiDatiou oftbe accounts ofth¢Company fortheyeaTended31 Decembu 2023. RespDn8lbilltie8 and basts olreport AS the clwity's trustees of the Company (and also XL8 directOTS for the putposes of company law) you are f¢SPODsible for the preparation of the ¥wunts in accordance with th¢ r¢quiremellts of th¢ Companies Act 2006 Cthe 2(M16 ACV). Havin8 satisfied mys¢lf that the accounts of th¢ Company are not required to be audited under Part 16 of th¢ 2006 Act and are e]igible for independent vAamillatio E reN)rt in respect of my examinati¢)n of yowch]ty'S accounts as eallied out und¢r section 145 of th¢ Charities Act 2011 Cthe 2011 Act). In carrying out my ¢x8miDatioD I have folEowed tbe Directions giveD by the Charity commi10 under section 145(5) (b) of the 2011 ACL Indepelldent eJatDiner's 8tstemettt Stnce your charitys gross income exceeded £250.0(N) your examiner must be a member of a listed I. I can ¢onfimi that i arn qualifiedto undert8kethe¢xamination because l 8maTegisteredmemberof Asso¢i8tioll of Chart¢r¢d Certified Accounts which is ODe of the listed bodies. I have completed my examinatiotL I cojthrni that Do matters have com¢ to my attentioD in connection with the examitMtion giving Tn¢ cause to believe: a¢¢QUDfing recoTds were not k¢pt in r¢sp¢ct of the Company as required by sedion 386 of the 216 ACL or the awounts do not accord wÉth those r¢wrd3" or the accounts do not comply WAth the aeeounling requiments of section 396 of th¢ 2(M)6 Act other than any requirement thatth¢ #¢WUDtsgive atrue and fairvi¢wwhi¢h 15 not a mattereonsidered &8Part of an iDdepeDdeDt examination. or the accounts bave not b¢¢n prepared in accordomee with the m¢thods and principles of the Statement of Recomm¢nd¢d Practice for ae¢outtting aDd reporting by charities (applicable to ChltieS preparing thelr 4¢¢ounts ID accordanee with the Financial Reporting Standard 4pplicable in the UK and Rq)ublie of Ir¢land (FRS 102)). I h4veno Wncerns and have come across no othermatters in connedioD with the examination to whi¢h atteDtioD Should be thawn in tbis rewrt ill order to enable a properutthtstanding of the alts ts be reache41 Andrew H8rk¢rFCCA Collards Chartered Accountaj 5-9 EdeD Strttt KiDgston-upon.Tbatlles KTI IBQ Date.. Page 6
STATEMENf OF FINANCIAL ACTivTfiES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 T•tsl fvnds 2022 Totsl Unrestri¢led Rt4tricted fvnd nds Notes INCOME AND ENDOWMEKfs FROM Donatloty$ aDd legde8 Gifts uttd¢r Gift Aid Seheme Otber gifts Contributions 1£84cies Grants Teceivable 212A76 53,687 1135 7325 iJoi 2.400 219.701 54,988 4A35 Joo 14775 206.732 46.1 18 5.103 14,77S 13.888 Charitable aetivitie Rec¢ipts from activities Events Other iDcome 16,422 11,748 32.1191 16.422 11,748 44,026 14,441 10.693 37,362 11,935 InvesttDellt tneome 2346 396 1642 1,114 Totsl 330905 3&032 368937 335.451 CbArltable ctivide8 168,623 33,547 MissioD Support costs 21J04 15,750 189.927 49397 A33 180,439 45,322 Total 331665 40,054 372,719 370.766 Net Oossygain on investrllents 191 191 NET ll¥COMEI(EXPENDITifRE) (1,760) (1,831) (3A91) (38.680) RECONCILIATION OF FU Totsl ndS brollgbt fornard 4811,123 168.618 648,741 687.421 TOTAL FUNDS CARRIED FORWARD 478 Thenote8 forniP•rtofthe* fill1?1 sts¢eftllenty
BALANCE SHEET 31 DECEMBER 2023 2023 Totsl nds 2022 Total funds Unre8tri¢¢ed RtrIcted lld Dds Not¢s FIXED ASSETS Tangible assets Investments 374833 119JO 493933 506.333 io 374A33 119AIJO 493933 522.226 Debto Cash at b8nk and iti hand 9,082 107 9,082 8.578 134 888 47 1162WI 47287 163W4 143.466 CREDITORS Amounts falling within on¢ y¢ar 12 (12J67) {12J67) (16.951) IYET CURRENf ASSETS 103 47 151 126515 TOTAL ASSETS LESS CURRENT LIABILITIES 478J63 16fj787 64S150 648.741 NET ASSETS 478 63 1667 13 Unr¢strtcted funds Restricted funds 478J63 480.123 168 618 TOTAL FUNDS The c]]aritable cotnpany is entided to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December2023. The membe[3 have not required the ¢ompany to obtsin all audit of its financial ststements for the year ended 31 December 2023 in accordance with Section 476 of tbe Compatiies Act 2006. The 1Thtee9 aeknowledge theirrwibilities for (a) ensurillg that the chatitable company keeps accounting record5 that comply with Se£tiODS 386 and 387 of the Companies Act 2006 and (b) pr¢paring financial statements wFLich give a true attd fairview of the state of #ffairs of the ¢baTitable company &8 at tbe end of ¢acb finla1 year and of its surplus or deficit for ¢ach financi year in accordaD¢e wtth the requirnents of Sertions 394 and 395 and whi¢h othenvis¢ complywith the requirements ofthe Companies Act 2006 relating to finaocial statements, so far as applicable to the charitable c¢)mpany. PABe 8
BALANCE SHEET- ¢ODtIDued 31 DECEMBER 21123 These financial statements b#ve been preped in a¢¢ordance with the provisions applicable to charitoble ¢x)mP8tiies subjecl to the sn]all companies Tegime. The financial statements were approved by the BoaTd of Ttustees and authoTised for issue on ..... . ... .. signed on its bebalf by: were K L Louden R T Williau
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOiJNTING POLICIES Bjsis of preparlng tbe finanell statements Th¢ financial staknents of the charitable company. wbith 18 a publi¢ benefit entity under FRS 102, have been prepad in accordaDce with th¢ Charities SORP (FRS 102)'Accounting and R¢porting by Charities: Stst¢rnent of Recommended Practice applicable to charities preparing their accounts in accordan¢¢ with the FiEwicial ReportiDg Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l JarLuary 2019),, Finallcial liepoTting Standard 102 Tb¢ Financial Reporting Standard applicable tn th¢ UK and li¢pub]ic of Ireland, and th¢ Companx¢s Act 21N)6. The financial Statements have been prepared under the historical cost c4)nVentiO witbtbe exception of investro¢Dts which are included atnwket value. as modifi¢dby the revaluation llle•miJJg resour1 All incoming TrsoU¢S are included in the stalement of fiDaacial activities when enlitlement b passed to the ity: it is probable that the eeoDomic benefits associated with the transaction will flow to the cbarity and th¢ amount ¢an be reliably Jneasured The following specific policies att wlied to partIaar cate8ori¢s of income: in¢ome from donations or gnts is recognised when there is evidence of entitlellt to the gill re¢eipt is probable and its amount can be m¢ured reliably. lewy income 18 recognised WIM receipt is probable aDd entitlement is estabjisbed. Re4our¢eB e4bended Expenditure is re¢ognised on att acerual8 basxs as a liability is incurred Expenditure can include VAT which caDnot be fully recovere4 and is ¢11fi¢d under headings of the 8tstement of financial activities to which it relates: expendibjre on rdisitig fullds include$ the cosL4 of1 Fwidraising activities. events. non-clwitabl¢ Irathg actsvities. and the sale of donated goods. expendith OD cljaritable activities includes all costs itiCUTred by the charity in undertsking a¢tivities that fiffth¢r its charilable aims for the benefit of its benefi¢iaries. iticluding thos¢ 5UPPOrt costs and costs r¢lating to the govern#nce of tbe Cknity apportioned to clJaTitable activiii¢s. All costs are allocated to expenditure ca¢¢goTies refl¢ctiDg the use of tbe resource. Direct costs attnlutable lo a Sin81¢ activity aT¢ allocatrd (lirectly activity. T#ngible fjxed assets All fLxed ass¢ts are initially tecord¢d at cost Buildings are valued usiog an illvestm¢Dt model. Other tanwljle fixed asset additions aTe shown at cost less d¢preciatiotL ADY additions falling below the value of £5k att Dot capit4iis¢d Depre¢iation is provided at the following aDnual rates ID order to write off ¢th asset over its estimat¢d usefi lift. Freehold property Equipment - 20/(* Straighi line - 330/ts sti3Tght ]ine Page 10
THE VTNE MASTONE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEiKBER 2023 ACCOUNTING POLICIES- eontinued Toll The clwity is exernpt from ¢orporation tax on its ¢h4Titsble activities. Fund ae¢oulltiDg General funds are unr<%tri¢ted fullds wbich ar¢ Available for use at the discretion of the tNste¢8 in fi(hCe of the general objeetiv¢s of the conyny and which have not been d¢sigDated for otberpuryjoses. R¢5tricted fijnds aT¢ fimds wbich are to b¢ us¢d ID accotdallee with specific restrictions imposed by dollors or which have been rnised by the company for particular Purposes. The costs of raising alld administering such funds are charged against the specific fill. Th¢ aim and use of each strIcd fuDd is set out in the notes the financial ststements. Investment iticonk. gains and losses are allo¢ated io the ap1)ropte fimd. PeDyton cojts and Other post-rettrement benefits Th¢¢haritsble company op¢rdt¢s adefined contributionpellsion scbeme. Contributionspayabletothe clwitable compansPensions¢htrn¢ are clwgedtoth¢ Stat¢m¢ntof Financial Activiti intheperiodtowhicb theyr¢la. InvestJlleDts UDlist¢d equity investments are iDitially Tecorded at ¢os( and subsequently measured ai fair vabje. If fair valu¢ aDDOt be reliably mea5Lrt assets are me&sllr¢d #t COSt less in)pairnient. Listed investments are measured at fair value with ¢baDges tn fair valu¢ b¢illg recognised in iticA)n or expenditure. Impairment of fixed amets A r¢view for indicators of impairnient is carried out ai eth reporbtiB d&tr. the re&)verknle amount being ¢8tirnated where such itidicators exisL Wbere the eorrying value exceeds the recoverable amoun¢ the &t is impaired a[dingly. PrioT impairnients aTe also reviewed for possible revetsal at each reporting date. FOT the puryjoses of inryminnent testing. wh¢n it is not possibl¢ to ¢5¢inte the recoverable amounl of all individual an estin)ate is mad¢ of the recoverable amount of the cash-generating unit to which the asset belongs. The wh-generating unit isth¢ smallest identifiable group of a55ets that includes the &88etond generates ¢ash iDllows that largely ind¢p¢Ddent of the casb infiows from other assets or groups of assets. For impairn?ent testing of goodwill, the goodwill awwed in a business combination is, from the acquisition daw allocated to of the cash-Bellerating units that are exp¢ct¢d io benefit from the synergies of the Combinatio irrespectsve of whether other &ss¢ts or liabilities of the eb#Tity are assigned to those w)its. aD¢i41 Inltrwnellts A fitllncial 95set or a fillancial liability is reco8llised Only wb¢D the clmrity beeom¢s 4 paty to the cOntrll1 provisions of the instiiunent. Basic financial instnllD¢nts are initially reeogtiised at the amowit receivable or payable including any reiated Pogell
NOTES TO THE FINANCIAL STATEMINfs- CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 AccouNfiNG POLICIES- ¢oDtinued FiD4llcial InstrnrneDts Curr¢nt assets and current liabiliti¢8 are subsequently Measur at the cash or other considmtion expected to be paid orreceived and not discounted. Where inv¢stments iti slwe5 are publicly traded or their fair value otherwise b¢ measured reiiably. the investment is subsequently measured at fair value with change8 ID fair value reeoglli5ed in income and expenditur¢. All other such illvestEnents ar¢ subsequently measured at ¢ost less Impatent. Other financial instruments. in¢ludillg derivativ¢s. are initially recognised at fair value. unl¢ss pa1¢D1 for an ¥sset is deferred Ixyond nonnal business tern or financed at a rdte of interest that is not atnarketTate, in wl)ich case the Lsset is measured at the present value of the fijtttre panellts discounted at a market rats of interest for a similar debt illStrumettt. FitiaticiaI assets that ar¢ measured at cost or amorttsed c051 are reviewed for objective evidence of impairnient at the end of each reporting date. If there is objective evidence of impatrmenL an impairnient loss 18 recognised under the appropriate heading in the statem¢nt of financial acttvities in which th¢ initial gain was r¢ColSed. For all the equity instn regardless of significe, and other fllwicial 8ss¢ts that are individually sigDificant thes¢ are asse&sed individually for impairnJeDL Other financial assets ar¢ ¢itherassessed individually OT grouped on the basis of similar ¢redit risk clJara¢teTis¢ics. Any reversals of in]pairmeni are COgnISed inllnediat¢ly* to the tent that the rev¢tsai th)es not result in a ¢4TryiDg amount of the financial asset that ex¢¢eds what the ca]llg anUnt would have been had the impairnient not previously been rxogDised. The WTnpaDy is a company limited by guarantee. The members of th¢ company are narned in the conlpany MemoraDdutll and Articles of Asso¢iation. Itl the event of the company being wound up. the liabi]ity in respecl of the guarantee is limited to £10 pBr member of the company. 2023 2022 Bank interest receivable Income from listed invQDents 2A97 145 464 650 P4ge 12
NOTES TO THE FINANCIAL STATEMENTS. ¢oDtinued FOR THE YEAR ENDED 31 DECEMBER 2023 ANALYSIS OF COSTS 21123 2022 Stsff costs (including exp5> MiDi5ty costs MissioD SUPPOrt grants Otber mission related costs P¥stowal Trnining Events 186379 26853 31280 $08 4435 178,445 27.535 27225 3.937 3,334 11 694 21,448 73,487 1141HI 12,896 1.726 15,487 83,537 12.400 12,289 655 3.510 686 Depreciation Governance costs {including insur8n¢e) Vehicle (van) c4)sts Traidcrnft 372 719 Stsff costs cover all employees whether involved ill direct ministy or support functio. ET INCOMEI(EXPENDfnTRE) Net iti¢oMrJ(¢xp¢nditte) is Stated after ch8rgingl(¢rediling).' 2023 2022 Deprecialion- owned auets sU1s OD disposal of fix¢d assets 11400 100 12,400 140 TRUSTEES, REMUNERATION AND BENEFITS Mr David Creasey. a trust¢¢ldirector. and Mrs Susan Crewy re1ved salaries in their capacities as pastoral #nd administrative staff of the cljarity during the period of £43.148 and £L2.146 (2022: £41,105 and £IO.663) r¢5pectively. No other r¢mun¢ration was paid to any other trnste¢ during the year nor to any person connected with thenL Employer's pension trIbutiOnS were m&le ill addition to the above total& Truitefj, expenges There were no tnte£s, expen8es paid for the year ended 31 De¢ember2023 nor for the year ended 31 De£ember 2022. Pagc 13
NOTES TO THE FINANCIAL STATEMENTS- contiDued FOR THE YEAR ENDED 31 DECEIKBER 2023 STAFF COSTS 2023 2022 Gross wages and salaries Employer's NI Employer's P¢Dsioll Contribution 165,033 &128 158.170 7.711 18 2023 The avernge monthly number of employees during the yearwas as follows 2022 No employees received etllohllnents in exce&s of £60.(K)O. 2022 COMPARATIVL8 FOR THE STATEMENT OF FtNANCIAL ACrnITfiES UnT¢5tricted Restricted Total funds fund fimds Donxtlon$ gnd legaeies Gifts underGiftAid Scheme Other Contnl)Utions Grants rec¢ivable Charitable a¢tiviti lieceipts from activities Events 198.794 44,851 3.003 12,513 7,938 .267 2,100 1,375 206,732 46,118 5,103 13,888 14.441 10.693 32.752 14.441 10.693 37.362 4,610 Investment income 464 650 Total 317,511 17,940 335,451 EXPENDrruRE OIY Charltsble activitles Ministy Mission Support costs 180,439 35,193 180,439 45.322 10.129 Tot*1 357.637 13.129 370.766 Net galD8lOosw) on Invejtments NET ll¥COMEI(EXPENDTfuRE) (40,126) (38,680) P8gc 14
NOTES TO THE FINANCIAL STATEMErs. conthiued FOR THE YEAR ENDED 31 DECEMBER 2023 2022 COMPARATIVL8 FOR THE STATEMENf OF FJI¥ANCIAL ACTivrriES. conthilled Transfer betsveeD fttllds 22 (22) Net movem¢Dt ill fllndJ (40.104) 1.424 (38.680) RECONCILIATION OF FUM)S Totsl fulldj brought fonv*rd 520227 167.194 687.421 TOTAL FUNDS CARRIED FORWARD 480.123 168 618 648.741 TANGIB FIXED ASSETS Freehold property
Dd
fittiDgs Totals COST At l January 2023 and 31 December 2023 DEPRECIATION At l January 2023 Charge for y 113,667 43,171 156,838 12 At 31 December 2023 12 169 ET BOOK VALUE At 31 Dewnber 2023 493 At 31 December 2022 io. Cb and settlements pendlng At l January 2023 Gain on investllmts Disposal Is93 191 At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 There w¢tt no iDvestttwit assets outsxde the UL P¥15
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 11. DEBTORS: AMOUNTS FAILING DUE WITIIIN ONE YEAR 2023 2022 Trade debtor8 Prepayments and a¢¢nl incorne 3,438 3.359 12. CREDITORS: AMouNfs FALLING DUE wrrHIN ONE YEAR 2023 2022 Social se¢urity and other taxes Accru exj 3,177 2,827 13. MOVEKENT IN FUM)S Net movement ill fimds between At 31.12.23 At 1.123 Unrestri¢ted 4811,123 (1,760) 478J63 Restricted fund8 Restricted income fuDd 30225 138 978 09 16,084 47287 119 91 R¢8trleted Intome FuDds Restricted Getterdl Fund- to utilizx grants received re]aiing to the operdtions of the Vine's cornmwiity outrwh. Due to the substantial inflow of external donations and 8tants in recent years for cOmty pwpose. all such ineA)me is now Teflected in tbis Fund until it is spent. RestrActed Mission Fund- missions in U84nda and Kenya rtreive donations given to support work ID those countries. Restrleted A¢t Funds Chapel Churcb Streel 8¢- tbe chapel building is held utth trust deedwhith identifies the propert5 use and the u8¢ of any moni¢s raised from th¢ Sale of the prop¢ty. Ziwa IDCOtD¢ FuDd- Teceiv¢8 donations to provide individual Sponsotsbip support forchildren ree¢iving education at the Ari5¢ and Shine A¢ad¢my in Ziwa Kenya. During the yearthe open-end¢d illvestment company investsn¢ntwa5 sold and at th¢ year end the fuTKls were held in an interestb¢arillg bank accounL Pa8e 16
NOTES TO THI FINANCIAL STATEMErs. conthiu¢d FOR THE YEAR ENDED 31 DECEMBER 2023 13. movement in funds, included in the above are as follows: Incoming Resources Tesource$ expended Gains and Ioss¢8 Movemettt ID funds Ullrestrlcted funds G¢n¢ral fiwds 330905 (332.665) (1,760) Rejtrltted futtds Restricted income fiu Restricted ass¢1 funds 38,032 (37,1154) 978 809 191 191 TOTAL FUNDS 36 191 91 2022 Comparntives formovement iti fiwds Net movement in funds Trdnsfet3 between At 31.1222 At l.1.22 Unrestric¢ed G¢n¢ral funds 520227 (40.126) 480,123 Restricted fun R¢stri¢ted income fund R¢stric*d asset fund8 22.436 7.811 (22) 30225 138 393 167 194 168618 TOTAL FUNDS 687 421 2022 Compardtive net movement in included in th¢ #bove aTe as follows: ID¢oming Resoure¢s Gains and Movement losses urtriCted fun Genetal funds 317.511 (357.637) (40.126) Restrleted fuD R¢stricted income fuThl R¢8tric¢ed asset fim(ts 17,940 (10.129) 7.811 65 TOTAL FUNDS 335,451 (370 76 PaBc 17
NOTES TO THE Fll¥ANaAL STATEMENTS- contiDued FOR THE YEAR ENDED 31 DECKMBER 2023 14. RELATED PARTY DISCLOSURES There w¢re no related paty transactions for the year ended 31 December 2023. AS. RESERVES The Reserve FuDd total is based on aD analysis of contraetual commiluwlts in tb¢ areas of payToIL utilities. site cost obligations. IniDisty aod mission SP¢Dthg alld coqJordt¢ costs. P4¢18
DETAILED sfATEMENT OF FINANCIAL AIlqTIs FOR THE YEAR ENDED 31 DECEMBER 21123 21123 2022 INCOME AND ENDOWMEiwrs Dontlons legaefies Gifts un(lerGiftAid S¢h¢me Othergifts ContnThutioDs Legacies Grants receivable 219,701 5£988 35 loo 206.732 46.118 5,103 Illvestmellt Bank itit¢resl receivable Incom¢ from listed investments 294,099 271,841 2,497 145 650 ClwAtbl¢ actlvltles Receipts from activities Events O¢ber income 2,642 1.114 16,422 11,748 14.441 10.693 71196 62.496 Totsl ruouree8 368937 335.451 EXPENDITURE Staff costs 186279 2A453 31,28 508 435 694 21,448 73,487 11400 11896 93 178,445 27,535 27,225 3.937 3.334 1.726 15.487 83,537 12.4 12,289 655 3,510 686 Mission SUPPOrt grants Otber miSSiOD related costs Pastoral Training Events Depreciatioo Governance costs (includin8 insul) Vehicle (vgn) costs Traideraft 37 Net kn¢ome before g81n$ and 105 (3,782) (35J15) Re8]ts¢d recognlsed g*ini and lomes Realised gain&l(losses) on fixed asset inve81mellts 191 65 Net Incom¢ 91 This page do¢J llot forn? p8rt of thr 5¢atu¢ory fir] stthrllents Pagc 19