REGISTERED COMPANY NUMBER: 08476230 (England ADd Wales) REGISTERED CHARITY NUMBER: 1152659 Transforming lives, shaping communities The Vine The Vlne Maldstone Trustees, Report and Flnanclal Statements 31 December 2024
CONTENfs OF THE FINANCIAL STATEMEwrs FOR THE YEARENDED 31 DECEMBER 2024 Page Report of the Trniteu I to 6 IndepeDdenl ExAntherli R4rt Statement of Fln•D¢lAI A¢tlvltl Blnce Sheet 9 to 10 Notu to the Flnanelal Statements 11 to 19 Detled StstemeDt of FIDandal Acllvltlej 20
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The truste who are aJBO directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of thc charity for the year ended 31 December 2024. The trust¢cs have adopted the provisions of Accounting and Rq)orting by Charities: Statement of Recomrncnded Practice applicable to charitics preparing their ac¢ounl8 in accordance with the Financial Reporting Stsndard 8pplicabl¢ in the UK and Republic of Ircland (FRS 102) (effective l January 2019). REFERENCE AND ADMINISTIL4Th DETAILS Reglitered Conbplny number 08476230 (England and Wa1¢8) Regljlered Charlty number 1152659 Reglitered offlce Boughton IAne Maid8ton¢ Kent ME15 9QF Truiteei Elizabeth BM8bford (appointed l January 2024) James Ba8hford Dave Crea8ey Nick Davies Andrew Elphin8tone Anna Hargrave Anthony Harve Karen L4)uden Vanessa Marson (appointed l March 2025) Andrew Musgrave Robert Williams (resigned 29 October 2024) Company Secretary Brian WillianL8 Independent Eiimlner Andrew Harker FCCA Collards Cbartered Accountants 5-9 Eden Street Kin8Ston-upon-Tham¢s Surrey KTJ IBQ Pa8e I
REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER2024 The ViDe Maidstone is a cbaritsble Company limited by guarnitee. Th¢ ¢ompany w&8 fornied on 5th April 2013 and was Subsequently 8]St¢red as # charity. The Elders of the Vine MaidstODe are the members of the rA)mpany and have responsibility for Spiritual oversight and leadership. On 3 1st December 2024 th¢ Eldm were David Cr¢&8¢y, Nicholas Davies and Martyn Gibson. Ben Williams resigned as an elder and member with effect from 31st J8Duary 2024 and Samuel Bashford was appointsd as an Elder and memberwith effect from 5th January 2025. Th¢ members appoint the Tntee9, who ar¢ also the Directors of the Company. The Vine renuins a member of Relational Mission. a family of churches based both in the UK and overseas. oBJECTEs The charity's objectives are for the public benefit and are to advance the CbTiSti8n faith in Maidstone, other parts of the Unit¢d Kingdom and the world and to fidfil such other cjwitable purposes connected with the work of the charity as the TnteeS may from lim¢ lo time think fiL OUR ACTIVITIES WORSHIP, TEAC}IG AND PRAYER Our Sunday 8¢rvic¢s, with worship teaching. prnyer aDd fellowsbip. provide a foundation for fulfilling our charitsble objcctiv¢ 'lo advance tbe Christian faith" However. we believe that faith leads to adion and is th¢ springboard for Teaching out into our coIi]munity aDd showing the love of God in numerous ways. On a Sunday morning, we have eoninucd to see n¢w peopl¢ and famiJi¢s join u8, ¢DTiching ow fellowship and expanding our existin8 ¢thnic diversity. We are thrilled to be a community of all ages meeting together, froD] families with very young babies and children through to t¢¢nag¢rs and young adults &8 well as older members. In order to h¢lp people become inteled into our ¢hurch community. we have several 'e1cOme to the Vine" events over the year. In addition to the main Swiday services at our Boughton Lane sile, we hold a foitiiightly Sunday afternoon gathering in ow NorthumberlaDd Road building. This meeting provides a more infornjal opportilty for worship. fellowship and teaching, with many individual$ sharing bow God has impted their own lives. Each one of our buildings IB used as a lOtiOn for prayer. DIng the weel there are smaller Community groups wbich meel to help people build connections with each other. as well as learning more about God and Seeking to follow Jesus more closely. These groups forni the basi8 of much of ow pastoral care a8 they provide the setting where people can get to kDOW eA¢b others. needs and offer both practical support aDd prny¢r. From time to timc ov¢r th¢ y¢ar we have held events such as a barn danc4 a pancake evening and opportunities to share luncb together after the service on a Sunday in order lo conlinue to build and strengthen relationships among our commiinity. This helps people to be more open with each other to share their faith and also creates a seDse of belonging. As a church. we lov¢ to hav¢ the opportunity to cel¢bratc with p¢ople as th¢y d¢Cla their faith in J¢sus through baptism by immcrsion. In 2024 we purchased a new baptism pool to mllke this easier for people to access and were delighted to see it used many lim¢s. Many of these people com¢ lo this d1810 aft¢r attcnding an Alpha ¢ours¢. Over the y¢ar, we have becn pleased to hav¢ run both A]pha CoU¢S. for those beginning to explore fait and Fr¢cdom in Cbrist courses. which b¢lp people build and develop their faith filltber.
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 COMMUNI SUPPORT AROUND THE SHEPWAY ESTATE A8 a Christian church. w¢ believe we are called to show God's love in action through helping all those who ar¢ poor or in need around us. We have always been aware that people in the community can encounter both difficulties and challenging circumstsnees and we seek to support them in a variety of ways. This ¢Dables u8 to meet our charitable benefits both of providing public benefit as w¢ll as advancing thc Christian faith. Our food bank continued io be well used in 2024, with generou8 8UPPOrt from both the church fellowship and external grants allowing it to continue to be well stocked. In addition to food 8upplie8, we bav¢ been able lo help with gas and electricity costs and new scbool unifonn for local families on very low in¢omes. At Cbristmas we laid on a 4)read of Chistma8 food8 and gifts for people who have been food bank user8 to choosc it¢m8 thal would ble88 them and suit their family needs. Community involvemcnl Continued to expand in 2024. Our re80urce hub was a valuable 80ur¢e of household item8 and lothing to those in need, including supplying people who have been newly hou8ed and ar¢ just 81artin8 Out with a numb¢r of household item8 such as kitchen equipment And beddin8. Our community café continues to see nurnber8 increase; th¢ bi-monthly m¢n's breakfast attracted more people; and a knitting and Bewing circle flourishcd. Th¢ cafe also niake8 It PO8sible for u8 to provide work experience for school age young peopl¢ and off¢r volunteering opportuniti¢8 for people in the local community. OUT community 8UPPOrt worker b¢¢n involved with the local community warden in the Setting up and running of a weekly men's wup. A¢tivities there involve pool, table tenni8, table football and board gaD]es, with the aim of helping locAI isolated men connect with each other while en8a8ing with fun activities. In addition to practical r¢source8 and food, many of the people who ¢on]e to us have a div¢r8e ran8e of n¢ts, includin8 those who suffei with poor mentsl health. Our aim 18 to provide both practical and emotional support for all thal need it. The help off¢red to people h08 included 818npostin8 to debt help charities; makiDg ref¢rnl8 on behalf of people for lo¢al hou8¢hold winter funds; SUPPOrtin8 people to make phone call8; liaising with lo¢al housing authoritie8; and accompanying people to appointments. Throu8houL our desire 18 to help people in a way that demon8trate8 the love of God in a tangible way. CHILDREN, YOUTH AND SCHOOLS WORK Our work with children and young people has continued to grow and develop. On Sunday mornings, 'Kingdom Kids,, provided to en8age primary-og¢d children during the churcb service, flourisbed. The number of volunle¢r8 invoJv¢d has once again increased and t¢aching material, reflectins the fu8 of the pr¢a¢hing for the adults. has been workin8 well. Sunday activiti¢s for these childmi include Iwhin8, game8 and creative activitie8. Our youth wp8, aimed at secondary School-aged childrm continued to be popular with meetings providins opportunities for young people to spend time with their friend8 ID a safe environm¢nt, play games and explore subjecls linked to growing their personal, Chri8tion faith. We continue to See a high number of youth each weeK resulting in an increase in the volunteering core team to accommodate this. A highligbi of th¢ year wa8 N¢wday, a major Christian youth event that takes place in Norwich, to which we look a total of109 people (teenagers and leaders) in 2024. It wa8 a week of camping• worship and tcaching in the company of thousands of other tecnagcTS from around the county, and four youth decided to dedicate their life to Je8us during the wrxk in 2024. Page 3
REPORT OF THE TRUSTEES FOR YEAR ENDED 31 DECEMBER 2024 CHILDREN. YoufH AND SCHOOLS WORK- continued We have maintsined excellent Telationship$ with our local pJin)8ry and s¢condary 8cbooJs, helped by good connections with k¢y members of scbool Staff. Our involvemeDI ID 2024 included Tunning several lessons on cburch and COMMlty and the importanrx of th¢ Bil)l¢ al two primary schools and the continued mentoring of fourteen teenagers ref¢ed from a nearby secondary school. Th¢ mentoring is desigD¢d to help young people develop social skills and self-wortb. At the Vin¢, we several groups for members of our community. The 'Silvcr SwvirK' 18 a group for those aged over 60. which holds monthly meetings with events sucb as afternoon t¢a8, coffe¢ mornings and fish and chip supp¢Th. Th¢ aim of this well-attended group is to provide connection and fellowship and combat loneline85. Every two month8 throughoul the year, on a Saturday mornin8. there are meetings for men. These events have been attended by around 20 men and usualty ¢onsist of lim¢ to build T¢htioDship$ and encourage each other, along with some Bible based teacbin8 or time to worship tO8ether. Once a montty a small group of women bave been meeting to walk together to build relationships with each other. DuTin8 this time together there 18 aJ80 a time of Bibl¢ reading and discussion to encourdge ea¢h other in their relationship with Jesus. Ther¢ is a thriving weekly tsble tennis club whi¢h aims to r¢8¢h out to the lo¢al ¢ommuDity ond build friendships as well as providing an oppottunity for exercise to improve the bealth and well-being of tbose that attend. The TAbl¢ Tennis Christmas meal was thoroughly ¢njoyed by over 30 people. During 2024, we began to hold a weekly 'Coffee and Cake, event iti the Chapel to r¢ach out to the local Loose community and provide a pla¢e of w¢J¢ome and friendship. We facilitate several local chwch¢s, ¢lw?ti¢s and commwiity in our builitings, enabling them to CODtiDue to run. These wup$ provide additional inpul lo various groups in society, in12ne with our objective to PTomole public benefit, Such as probation services, fostering support and carers support groups. In addition, we support locally based charities working in local primary and sCndary Schools and Street Pt0Th 8¢rving the nigbi-lime economy Deeds of Maidstone. A SERVING CHURCH As in every year, in 2024 the functioning of the cburcb was only possible because of the lar8e number of people serving in numerous and divers¢ voluntary roles a05$ ¢hur¢b Jif¢. We are always pleased that these volunteers come from all areas of our community, including young and older people alike. We have been especially pleased to K¢ more yowi8 pcople using their musical gifts and getting involved in the leams that lead our sun8 worship on a Sunday morning. We thaDk God for the willingness and contribution of all those wbo give up their time to serve others. on Sundays and througbout the Wk. P8ge 4
REPORT OF THE TRUSTEES FOR THE YL4R ENDED 31 DECEMBER 2024 INTEIINATIONAL MISSION SUPPORT The Vine remains committed to the mission Jesus set the ChUh ¢Xpress in the Bospel of Matthew cbapter 28. This in¢ludes both Ial and global mi88ion activities 98 well a8 SUPPOrt for education and the relief of poverty. We continue to Support children in Kenya who have b¢en orphaned And need a88i8taDce with Bchool fees to gain an ¢du¢ation. This woth 18 provideAI through a community-based orphanage Support by an 'in COUDty" local church. with whom we have long established contacts. and iDclude reciprncal vi8its. In additio we wid¢rtake 8uppon fora ¢ommunity in U8and4 again throu8b known relation8hip8 within a local ¢hur¢h. We aJ80 BUPPOrt di8advantsged and vulnerable gir18 in Brazil who have been 8ubjrAt to 8¢xual exploitation and viol¢n¢e. Thi8 8UPPOrt is directed and delivered by another UK bas¢d ¢hwity with whom we have 8tron8 link8. Jn addition, the Vine supports a widow proj1 in Nigeria, some of whom will have lost husbands through violence or exploitation. Also. w¢ maintain 8tron8 relation8hip8 with cburche8 in E8t and Gernwiy, which again involve re¢ipro¢al vi$it6. All of these activities help u8 to build and 8U8tain long t¢rn) r¢lationsbip81 provide direct support and encouragement aDd help f08t¢r a wider level of under8tsnding of the world in wbicb we live. GOVERNANCE The Tru8t¢es have the re8pon8ibility lo over8ee and provide a framework for the practical, l¢Bal and r¢gulatory n¢ed8 of the church. The 8cope of the Ttte8. work 18 very wide and k¢y areas of over8i8ht include finance, safeguarding. health & safety, HIL dats protection and building maintenance and development. There alt various policy documents relating to each of these areas and there is a structured timetable to review policies each year, to ¢nsure our poli¢ie8 ar¢ current, usable and fit for puoSe. Settin8 annual budgets 18 a key process each year for the Truste¢s a8 part of the prudent management of church fmances. Flowing from the top-IiDe bud8et numbern are d¢partm¢nt bud8ets which aB818t in monitoring and managing expenditure through the year. The Tru8te¢s and the Eld¢rs continued to work together, uniting the Bpiritual And the practical aspects of ¢hur¢h life. An excellent relationship between the two groups ensures that future planning 18 well managed. Throughout 2024 there were opportunities for the Trustees and the Elders to Spend lim¢ di8CU88ing and prayin8 through longer tern] matters and planning a¢¢ordin81y. We consider SV4fegUdIng a very important 189ue and the Trustees tske responsibility for en8urinB our policie8 are up to date and are also put into pra¢tice effectively. The Vine runs annual Safeguarding training for all th08¢ involvod in workin8 with children or with vulnerable adults. DBS (Disc108ur¢ & Barrin8 Service) checks remain a key component of OW 8af¢guarding regime and DBS check8 continued for those involved in working with children and vulnerable adults. No corporate entity will ever be risk fr¢e and it is a trnstee responsibility to assess risks and put in placc contro18 and actions thal manage OT reduce risk. AD annual cozporate ri8k assessment 18 undertaken, ¢nsuring that the Vine 18 identifying and monitIng potential areas of risk and managin8 them appropriAtely. All regulatory obligation8 were met in 2024. This include8 a RIDDOR report that was made to the Hth & Safety Ex¢¢utiv¢ following an Anjury during a club that tskes place in onc of our building8. Th¢ incidcnt WO8 rcviewed by the Trustees and found to be a sporting accidcnl, with no fityther action required. Page 5
REPORT OF THE TRUSTEES FOR THE YL4R ENDED 31 DECEMBER 2024 FllvANcL REEw In 2024 the Vine had a small financial d¢fi¢iL Total income was £397,808. up from £368,937 in 2023. while total expenditur¢ was £410.075 up from £372.719 in 2023. A shortfall in 2024 was eXpted as general giving was affected by difficult economic circunknces thal put PTe&8ur¢ on family budgets. Howev, we We blessed by some one-off gifts thaL inter alia. enabled us to fund a new bapiisty and a new disabled chair lill In addition, generdl expenditur¢ was w¢ll- controlled and we are tefi for departmenl budget holdm for their dilig¢nex in this r¢spect. Despite the difficult economic circunknc¢s, w¢ give thths to God foT His provision an4 as always, we are grateful for those who hav¢ continu¢d to support the work and ministy of the Vine. Th¢ fellowship was faithful to the Calling of God by giving their lime, tslents and resour¢es to help Teach and s¢rve people in spiritual, ¢motional and physical need. A$ in previous yeaTS. we received a number of external grants or donati¢)ns that were targeted at specific areas, Dot lea8t conllnwiity support. Th¢ Vinc a good Tepulation for its llCern for those ID need and is well prepared to act as conduit for such monies. Financial management is the responsibility of the Trustees but the daY-t(Y monitoring and control is handled by a Tntse-led sub-team. The fllwice team meets monthly and Teviews major components of income and eXpendltLe to ensure that no areas of strain develop. This helps to ensure there is a solid fuJanci81 base. with strong cash balanc¢s, to 8UPPOrt the continuin8 work ofthe Vine. The financial resour¢e8 of th¢ Vine enable us kn b¢ ¢onfident that we can Continue to share tbe love of God in word and practice. meeting both our cbaritsble objective And providing continued public benefit. The r¢serve fLuJd was maintain1 at an unchanged level in 2024 but will continue to be reviewed periodically to ensure the level is fil for PUTPOSe. With a large wup of people willing to serve and with three buildin8S straddling south Maidstone, we aTe well placed to continue to meet OUT cbaritsble objedive8 and to provide the publi¢ benefit required of us. The life and work of the Vine bas alway8 been, and will ntinUe to be, to proclaim and Show in aclion the love of Jesus to those within and around the Church. Approved by order of the board of trustees on and signed on its behalf by: K L Louden Tru•tee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE VINE MAIDSTONE Independent exAD)Iner's report to the trustees of The Vlne Maldstone (lthe Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 De¢embeT 2024. RaponbIlItIe• aDd b1$ of report As the charity's tnte¢S of the Company (and al80 its directors for the PUTposes of company law) you are rcsponsible for th¢ prq)aration of the accounts in aCrdn¢t with the requir¢m¢nts of the Compani¢s Act 2006 ('the 2006 Ad). Having satisfi1 myself that the a¢¢ounts of the Company ore not required to be audited under Part 16 of the 2006 Act and eligible for independent examination, I report in respect of my examination of your charity8 a¢Unts a8 caffied out wider 8ection 145 of the Chariti¢8 Act 2011 Cth¢ 2011 Act?. In carryin8 Out my examination I hav¢ followed th¢ Dir¢Gtions 8iv¢n by the Cbarity Conuni88ion under 8¢Gtion 145(5) (b) of the 2011 A¢L IDdependeDt examlner'i •tatement Since your charAty'8 gross income ¢xceeded £250.000 your examiner must be a member of a listed body. I can confjrm that l am qualified to undertake the examinalion be¢au8e l am a re8181er¢d member of A88ociation of Chartered Certified Accounts which is one of th¢ li81ed bodies. I have completed my examination. I confinn that no mattern hav¢ ¢om¢ lo my attention in connection with th¢ ¢xamination giving m¢ cau8¢10 b¢li¢v¢: accountin8 records were not kept in re8Wt of the Company as required by 8ecti(m 386 of th¢ 2006 Act; or the a¢¢ounts do not &crd with those r¢¢ord8; or the accounts do not comply with the accounting requirements of Section 396 of thc 2006 Act other than any requirement that the accounts 8ive a Inie and fair view whi¢h 18 not a matter consid¢r¢d as part of an ind¢p¢nd¢nt examination. or the accounts have not been prepared in accordance with the method8 and princip1¢8 of the Statement of Recomm¢nded Pra¢ti¢e for ac¢ountin8 and reporting by charities (applicable to charitie8 preparin8 their accounts in accordance with the Financial Reportlng StAndard applicable in the UK and Republic of Ireland RS J02)). I have no concern8 and have come acr088 no other matters in connection with the examination to wbich attention should be drawn in thiB report in order to enable a proper understandins of th¢ accounts to be reached. Andrew Harker FCCA Collards chart¢r Accountants 5-9 Eden Street Kin88ton-upon-Thame8 sU¢Y KTI IBQ Date: ........... Page 7
STATEMENT OF FINANCIAL AcfiviTIES FOR ThE YEAR ENDED 31 DECEMBER 2024 2024 Total fundi 2023 Total Unre•trlcted Rutrkted fund fund8 Notes INCOME AND ENDOWMENTS FROM Donadoni And legatl Gifts und¢T Gift Aid Scheme Other gifts Contributions Legacies Grants receivable 194.904 96969 1.632 4,130 1&475 2AOO 199,034 115.444 4,032 219,701 67.284 4,535 100 14,775 9,441 9,441 Charltable *etlvhfi Receipts from activities Events Other income 18,461 12923 35217 18A61 12,923 35317 16.422 11,748 31.730 Investment Ineome 2070 386 3256 2,642 Totsl 362m6 34J32 397.808 368.937 EXPENDITURE ON CbArltsble icllvltl Ministy Mission Support Costs 194,143 37,681 162 194.143 47,526 189.927 49,297 133 495 9,845 TotAI 394,161 15914 410,075 372,719 Nct Ooss)/gain on inv¢slJn¢nts 191 NET ]NCOMEIIEXPENDITUKE) (31,185) 18,918 (12367) (3,591) RECONCILIATION OF FUNDS Totsl fundi brougbt foThard 478a63 16fj787 645,150 648.741 TOTAL FUNDS CARRIED FORWARD 185 705 The notes fomi p•rt of the8¢ fin191 ststements
BALANCE SHEET 31 DECEMBER2024 2024 TotAI fuDdB 2023 Totsl UDreitracted Reitrlcted fund fundi NoteB FIXED ASSETS Tangible as8¢ts 365,033 116,500 481,533 493,933 CURRENf ASSETS D¢btor8 Cash at bank and in hand 10 9,125 69 84 087 05 9,125 153 292 9,082 154 502 93212 69205 162,417 163,584 CREDITORS Amounts falling due within on¢ y¢ar {11,06T) (11,067) (12,367) NET CURRENT ASSETS 69 05 50 151217 TOTAL ASSETS LESS CURRENT LIABILITIES 447,178 185,705 632.883 645,150 NET ASSETS 185 705 12 Unr¢stri¢ted funds R¢8tri¢ted fimds 447,178 185 705 478,363 166 787 TOTAL FUNDS 632 883 The choritable Company is entitled to exemption from audit und¢r S¢ction 477 of the Companie6 Act 2006 for the year ¢nded 31 December 2024. The m¢mbers have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordan¢¢ with S¢¢tion 476 of the Compani¢s Act 2006. The trustees acknowledge their responsibilities for (a) en8uring that the clwitable company keeps accounting cOrdS that ¢omply with Sections 386 and 387 of the Companies A¢t 2006 and (b) preparing financial 8tat¢ments whi¢h give a tni¢ and fair view of the State of affair8 of the Charitsble company 88 at th¢ end of ¢ach financial year and of its Surplus or deficit for each financial year in accordance with the requirernents of Section8 394 and 395 and which otherwise Comply with thc r¢quir¢m¢nts of the Cornpanie8 Act 2(106 relating to financial 8tatemeDts, 80 far as applicable lo the clwilable company. The notss fomi part of theBe fin¢1 Btatements Page 9
BALANCE SHEET- eonllnued 31 DECEMBER2024 These financial statemeDts bave been prepared ID ardance with the provisions applicable to cbaritable companies subject to the small coJnp8rries regime. The financial statsments were approved by the Board of Tnislees and authorised for issue on . Sign OD its b¢half by: |.b.I and we K L IA)uden Tn* A P Musgrave Tntee Pwlo
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES Ba818 of prepArlng the flnaDelal statements Thc financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prq>ar¢d in a¢¢ordancc with the Clwitie8 SORP {FRS 102) 'Accounting and Reporting by Charities: Stalement of Recommended Pra¢tic¢ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appIlble in the UK and R¢publiG of Ir¢land (FRS 102) (¢ff¢¢tive l January 2019),, Fiooncial Reporting Standard 102 The Fijwicial Reporting Standard applicable in the UK and Republi¢ of treland, and the Companies Act 2006. Th¢ financial 8tatements have been prepared under the historical cost ¢onvcntion, with the exception of investments which ar¢ included at mark¢t value, a8 modified by thc rcvaluation of rArtain assets. Incomlng reiourcej All incoming resources are included in the 8tatement of fjnancial activities when entitlement ha8 pa88ed to th¢ ¢harity: it 1$ probable that th¢ ¢wiomi¢ benefits a88ociated with the tran8action will flow to the chlty and th¢ ount can be reliably measured. The following 8peeific policies ar¢ appli¢d to particular ¢alc8orie8 of income: income from donations or 8ranls is recognised when there 18 eviden¢e of entitlement to th¢ gift. receipt 18 probable and its amount can be measured r¢liably. 1¢8acy in¢om¢ is r¢cogoi8ed when receipt 18 probable and titlement 18 established. Ruour¢•8 expended Expenditure 18 recogni8¢d on an IcenlS ba816 a8 a liability is IncUd. Expenditure can include VAT which cannot be fully recovered, and 18 clas8ified wjder headin88 of the 8tatement of financial activities to which it relate8'. ¢xpenditure on rai8in8 fimd8 includ¢8 the costs of all Fundrai8in8 activities, events. non*charitable trading activities, and the sale of donated 8ood8. expenditure on charitable activities includes all costs incurred by the charity in undertAkin8 activities that further its charitable aim8 for the benefit of its b¢n¢ficiaTie8, including th08¢ SUPPOrt Costs and COBts relating to the governance of the charity apportioned to charltable activitie8. AII costs are allocated to expenditure categorie8 refl¢ctin8 the u8¢ of the reBour¢e. Direct ¢08t6 attributable to a 8ingle activity are allocated directly to that activity. TAnglble fixed aiJel• All fix a8S¢t8 initially Orded al ¢08t. Buildings are vAlu¢d using an investment model. Other tangible fixed a88et additions are Shown at cost less depreciation. Any additions fallin8 b¢low the valu¢ of £5k are not capitsli8¢d Depreciation 18 provided at the followin8 annual rates in order to write off each asset over its e8timated useful lif¢. Freehold propety Equipment - 21/1 • straight line - 330/• 8trai8bt line Page 11
NOTES TO THE FINANCIAL STATEMENTS. ¢omthiued FOR THE YEAR ENDED 31 DECEMBER 2024 AcCOUNG POLICIES. eonthined TAxxtlon The charity 18 exempt from COTPOTation tax on its charilabl¢ activities. Fund ccounthiE Gen¢r81 funds are unrestricted funds whi¢h ar¢ available for use at the discretion of the tnteeS in furtherance of tbe genernl objectives of the collwaDy and wbich have not been desigDated for other pu0$¢$. Restricted funds are funds whith are to be used in accoTdanrx with 8pe¢ifi¢ restriction8 impos1 by donors or which have been raised by the company for particular purpose5. The costs of Taising and administering such funds are cl]arged against the wific fund. The aim and u8e of eacb restricted fund is Set out in th¢ not¢s to the financial statements. IDVe8tm¢nt income. gains and losses are allocated to the appropiat¢ fund. Pensfion costs aDd other poit-rthemeDt benefits The Charitsble company operates a defin contribution pension scheme. Contributions payable to the charltable company's pension scheme are charged to the Statement of Financial Activities in the period to which they r¢late. Investments Unlisted equity investments are initially recorded at cosL and subsequentty measu1 ai fair value. If fair value canllot be Tejiably measurel assets 8re measured at Cost 1¢$$ in]pairn]ent. Listed inv¢8tments are measured at fair value with chaDg¢s in fair value being recognised in income or expenditure. Impatrment of fixed aiiets A review for indicators of impairnient is carried out at each reporting da. with the recoverabl¢ amowit being estimated where such indicators exist. Where the carrying value exce¢ds the recoverable amount, the asset 18 impaired accorditigly. Trior impainnents ar¢ also reviewed for possible reversal al eacb reporting date. For the purposes of impairnent testing. when it is not Possible to estin]ate the recoverablc amount of an individual asset, an estimate is njade of the recoverabl¢ amount of the ¢ash-generating unit to which the asset belongs. The casb-generating unit is the snullesl identifiable group of assets that include3 the ass¢t and gen¢rates Cash infiows that largely independenl of the ¢asb infiows from other assets or groups of assets. For impairn)ent testing of goodwill. the goodwill acquir in a busincss combination 15, frorn the acquisition dat¢, allocated to cacb of the cash-gcncTating units that are expected to benefit from the synergies of the combination, irrespective of wbether other assets OT liabilities of the charity aT¢ assigned to those units. Flnanelal Injtruments A financial asset or a financial liability is TecogDi8ed ODly when the charity beeomes a paty to the contractual provisions of the instrun]ent. Basic financial i81nts are initially rwognised at tbe allUnt Ye1Vable or payabl¢ including any rel&led Pa8¢ J2
NOTES TO THE FINANCIAL STATEMENTS. CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICJES * conthiued Fln#ndAI Instruments Current a58¢ts and current li&biliti¢8 ar¢ subswuently mea8UTed at the cash or other consid¢rntion expecled to be paid or r¢¢¢iv¢d and not discounted. Where investments in shares are publicly trad OT th¢ir fair value can otherwi8e be m¢a8ured reliably, th¢ investment 18 subsequently measured at fair vuC with chan8e8 in fair value recognised in income expenditure. All othw 8uch investments are subs¢quently measured at Cost le88 impairnient. Other financial instruments, includin8 derivatives, are initially recogni8 at fair value, unle88 payment for an as8et is deferred beyond nornial bu8ineB8 ternis or financed al a rate of interest that 18 not a market rate, in which case th¢ 088et 18 measur1 at the present value of the futur¢ payments di8¢0unted at a mark¢t rate of interest for similar debt in8trument. Financial a88ets tbat are meaJur¢d at ¢08t or amorti8ed 81 are revi¢wd for objective evid¢n¢e of impairment at the end of each roorting date. If there is objective evidence of impairn]¢nl, an impairnient1088 18 r¢¢ogni8ed under the appropriats h¢adin8 in the statement of fllwicial tiVItieS in which the initial gain was reco8ni8ed. For all th¢ quity instnunents re8ardle88 of 8ignificAnce, and other f)nan¢ial a88ets that ar¢ individually 8ignificant the8e are a8s¢88ed individually for impairnient. Other financial A88ets are either 888e8Bed individually or grouped on the basis of Similar credit rilk ¢baracteri8tic8. Any rever8a18 of impairni¢nt are re¢ogni8ed immediatsly, lo the extent that the rever8al doe8 nol result in a carryin8 amount of the fanCIal 888et that ex¢eed8 what the carrying amount would hav¢ been had the impairn)eDt not pr¢viou81y been recogni8ed. LIMITED BY GUARANTEE The ¢ompany 18 a company limited by gLwantee. The members of the company are named in the company Memorandum and Articles of A88ociation. In th¢ ev¢nt of the cornpany being wound UP> the liability in re8pe¢t of th¢ guarantee 18 limited to £J O pw mcmber of the ¢ompany. VESTMENT ThCOME 2024 2023 Bank int¢r¢8t r¢ceivable tncome from listed investments 3256 2,497 145 Page 13
NOTES TO THE FINANCYAL STATEMENTS. eonthiued FOR THE YEAR ENDED 31 DECEMBER 2024 ANALYSIS OF COSTS 2024 2023 stsff costs (including expenses) Ministy costs Mission 8UPPOrt grants Other mi8$ion related costs Pasto Trainin8 Events Premises DePlatiOn Gov¢rn8nLX costs (including insurance) Vehicl¢ (van) costs Tr8idcraft Earnwked expenditure 195,078 28A99 27325 4,965 4,153 978 19,932 99,992 12,41)0 13,784 186.279 26,453 31280 508 4,435 694 21.448 73.487 12.400 12.896 93 84 410 075 372 719 Stsff sts cover all empJoyee3 whether involved in dired ministy or support functions. NET INCOMEI(EXPENDITURE) Nd incomel(expenditllre) is ststed after Chargin{creditIn. 2024 2023 Depreciation- ¢)wned assets Sury>lus on disposd of fLxed &8sets 12,400 12,400 100 TRUSTEES, REMUNERATIOIY AND BENEFITS Mr David CTeasey, a trUee/dircCt0r, and MTS Su8aD Cr¢28¢y received Salaries in their capacities as ptoral and administr&tiv¢ staff of th¢ Charity during the period of £44.436 and £15.322 {2023: £43.148 and £12,146) respectively. No other Temunmtion was ptiid to any other trus*e during the year nor to any person connected with them. Employer's pension contributions were made in addition to the abov¢ totals. Truitee8' expeni There were no tntees, expenses paid for the year end 31 December2024 nor for the year ended 31 De¢ember 2023. P8g¢ 14
NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS 2024 2023 Gross wage8 and 8alaTi¢S Employer's Nl Employer's pension contribution 172,252 9,129 165,033 8.128 195 078 186279 2024 2023 The av¢ra8e monthly number of employees durin8 the y¢aT wa8 a8 follow8 No employees received emoluments in exce88 of £60,000. 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unr¢8tri¢t¢d fund Reatsi¢t¢d Total funds fund8 INCOME AND ENDOWMENTS FROM Donatloni And legael Gifi8 under Gift Aid Scheme Other gifts Contributions L¢8a¢ie8 Grants receivable Charltable #ctfjvltlei Receipts from activities Events Other income 212,476 54,048 2,J35 7225 13,236 2,400 219,701 67284 4,535 14,775 14,775 16,422 11,748 31,730 16,422 11,748 31,730 InveBtment incom¢ 396 Total 330,905 38,032 368,937 EXPENDITURE ON ChArltable aetlvltlej Mini8ty Mission Support Costs 168,623 33,547 130495 21,304 15.750 189,927 49297 133 495 Total 332,665 40,054 372,719 et 84lnblOoJieB) on InveBtment8 191 191 NET INCOMEI(EXPENDJTURE) (1.760) (1.831) (3,591) Page 15
NOTES TO THE FINANCIAL STATEMENTS. conthiued FOR THE YEAR ENDED 31 DECEMBER 2024 2023 COMPARATIVES FOR THE STATEM OF FINANCJAL AS. Conlinued RECONCILJATION OF FUNDS Total fund# brought forward 480,123 168.618 648,741 TOTAL FUNDS CARRIED FORWARD 478 363 TANGIBLE FIXED ASSETS Freehold property and flttlngl Tota COST At l January 2024 and 3 l December 2024 DEPRECIATIOIY At l JaDuary 2024 Charge for year 126,067 43,171 169238 At 31 D¢¢¢mb¢r 2024 138 467 181638 NET BOOK VALUE At 31 D¢¢¢mber 2024 481533 481533 At 31 D¢c¢mb¢r 2023 493 333 493 333 IQ. DEBTORS: AMOUNTS FALLING DUE WJTlllN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued in¢om¢ 3J39 3,438 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other t&Tcs Acm]¢d ¢xpcnses 3a13 3.177 P8g¢ 16
NOTES TO THE FINANCIAL STATEMENTS- contlDued FOR THE YEAR ENDED 31 DECEMBER 2024 12. MOVEMENT JN FUM)S Net movem¢nl in fund8 Transf¢r8 between At 31.12.24 At 1.1.24 Unreitrltted fundi Genal fimds 478a63 (31,185) 447,178 Reitrlcted fund R¢8tri¢t¢d income ftmd Restricted asset funds 47,287 21,918 69,205 116 500 185 705 TOTAL FUNDS 12 RtrIcted IDcome Fundi ReBtricted General Fund - to utilize grants r¢c¢ived r¢lating to the operation8 of the Vine'8 Community outrea¢h. I)ue to the 8ubstAntial inflow of cxtcrnal donations and grants in recent yeaT8 for community puryse, all such income 18 now Teflected in this Fund until it 18 8pcnt. Restricted Mi68ion Fund - mi88ion8 in U8anda and KeDya re¢¢iv¢ donations given to 8UPPOrt in th08e ountrie8. Reitrleted Aiiet Fundi Chapel, Church Street, Loose - the chapel building 18 held under trust deed which id¢ntlfie8 the proper8 U8¢ and the u8¢ of any monies rais from the 8a1¢ of the property. Net movement in funds, included in the above AT¢ as follow8: ]n¢omin8 re80urces Re8ource8 expended Gain8 and Ios$¢8 Movement in fimd8 Unreitrfjeted fundi Gener fund8 362,976 (394,161) (31.185) Rutrlcted fundi Restricted income fund Restricted a88et fimd8 34032 (12,914) 21,918 15 14 18 TOTAL FUNDS 397 808 (410 075) 12 Pa8¢ 17
NOTES TO THE FINANCIAL STATEMENTS. eonthiued FOR THE YEAR ENDED 31 DECEMBER 2024 12. 2023 Comparativ¢s foT movement in funds Net Transfcrs movement between in fimds funds At 31.12.23 At l.l.23 Unrutrlcted fun General fimds 480.123 (1,760) 478,363 Restrleted funds Restricted income fund Restri¢trd asset fimds 30225 138 393 978 16,084 47,287 168 618 166 787 TOTAL FUNDS 2023 Comparative net movcmenl in funds, includ¢d in the above are as follow8: Resources reSoUrS expended Gains and losses Movement in fimd8 UDreitt4cted fundi Genernl fund8 330.905 (332,665) (1,760) trlcted fund• Re8lJi¢ted income fund Restricted asset funds 38,032 (37.054) 978 191 191 TOTAL FUNDS 368 937 (372 719) 191 Page 18
NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 13. RELATED PARTY DISCLOSURES Th¢tt were no related paty transa¢tion8 for th¢ year end1 31 December 2024. 14. RESERVES The Reserve Fund totsl is based on an anal1$ of contractual MMitMents in th¢ ar¢a8 of payrnll, utilitie8, 8ite Cost obli8ation8, mini8ty and mission 8pendin8 and co4)orate ¢08ts. Page 19
FOR YEAR ENDED 31 DECEMBER 2024 2024 2023 Donadons and legaeles Gifts under Gift Aid Sch¢me 199,034 115,444 4,032 219.701 67.284 4,535 100 Contributions Legacies Grants receivabl¢ 327.951 306,395 Inve$tmeDt Income Bank inter¢st receivable Income from listcd Inv¢nts 3256 2,497 145 3256 2,642 Ch•rft4ble *rtlvltles Receipts from activiti¢s Events Other income 18,461 12923 35 16,422 11,748 66,601 59,900 Total Ineomlng rellre 397,808 368.937 Staff costs Ministy costs Mission support Other mission related costs Pastoral Training Events Premises Depreciation Govmwice costs (includin8 insuran¢e) Vehicle (van) costs Traidcraft Earnwked expenditure ' 195.078 28,499 27,225 4,965 4,153 978 19,932 99.992 12,400 13.784 186,279 26.453 31280 508 4,435 694 21,448 73,487 12.400 12,896 93 Totsl Tesources exp¢nde41 372 719 Net Income before g•lni •nd lo (12367) (3,782) ReAliJed recogntsed galnj And loJ8e• Realised gain(lO$s¢s) on fixcd asset investments 191 Net Income 12 Pag¢ 20