REGISTERED CHARITY NUMBER: 1159859
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
FOR
TYNESIDE VINEYARD
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
TYNESIDE VINEYARD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 to 10 |
| Notes to the Financial Statements | 11 to 20 |
| Detailed Statement of Financial Activities | 21 to 22 |
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021
The trustees present their report with the financial statements of the charity for the year ended 30 April 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
Objectives
The objects of the CIO are:
-
(A) To advance the Christian Faith for the benefit of the public in accordance with the Statement of Beliefs in such ways and in such parts of Tyneside, the United Kingdom or the World as the trustees from time to time may think fit.
-
(B) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of Tyneside, the United Kingdom or the World as the trustees from time to time may think fit.
-
(C) To promote the benefit of the inhabitants of Tyneside, Wearside, Northumberland and County Durham in the areas of community cohesion, health, education, recreation and leisure. To provide facilities in the interests of the above with the object of improving the conditions of life of the said inhabitants.
Significant activities
-
Help people stay connected with Jesus and each other during the pandemic.
-
Set up a food bank and a same day emergency food parcel service, initially at the Allen in Wallsend and then moved to our new compassion in centre in Gosforth. Together with our partners, Newcastle City Council, Heaton Baptist, City Church and Westend Foodbank we gave out over 4,200 food parcels (50.2 tonnes of food), supporting 10,889 individuals.
-
In January 2021, we founded Grass Boots, providing 120 new and used items of footwear to more than 50 families in the first 3 months.
-
Our other key compassion ministry, The Byker Pantry, saw further growth because of the pandemic, increasing by a further 90 new families. 31,000 items were sold, saving members £13,000 in total over the year.
-
Launched Revive evening Service in September 2020.
-
Our Light up Christmas campaign saw us partner 25 schools in sharing the gospel with 6,500 school children across the North East through our Christingle packs, as well as other compassion initiatives such as Toys for Christmas and Byker family portraits.
Please find a copy of our annual report at:
= https://drive.google.com/file/d/1z8dqYfTsMyzgMWR_1LNcwdQ1KTQQIEHq/view?usp sharing
Page 1
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021
OBJECTIVES AND ACTIVITIES - continued
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustees have complied with their duty in Section 17 of the Charities Act 2011 and have paid due regard to guidance published by the Charity Commission regarding public benefit.
ACHIEVEMENT AND PERFORMANCE
-
(A) To advance the Christian Faith for the benefit of the public in accordance with the Statement of Beliefs in such ways and in such parts of Tyneside, the United Kingdom or the World as the trustees from time to time may think fit.
-
When the pandemic started in March 2020 our key focus was to help people stay connected with Jesus and each other. Particularly, whilst we could not meet in-person as a church. In the space of five days we moved from in-person services to online through YouTube and life groups on Zoom.
-
The church went from 11 - 282 subscribers to its YouTube channel, with 30,000 views, 9,000 hours watched and 800 unique attendances per month.
-
Our pastoral and community pastoral teams, along with life group leads, focussed on ensuring the church’s needs were being met by keeping regular contact through phone calls and catch ups on Zoom.
-
In September 2020, we started our new Revive service in the Allen in Wallsend. This became the church’s in-person service, when restrictions were reduced, and we were allowed to hold inperson gatherings. This was halted as the North East went into tier 3 restrictions at the end of 2020 and Revive went back to online.
-
We ran the Beloved Women’s conference online, it received 800 views with 240 hours watched.
-
Our worship team released a series of acoustic hymn worship songs and the album "Your Presence".
-
(B) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of Tyneside, the United Kingdom or the World as the trustees from time to time may think fit.
-
In response to the COVID-19 pandemic the church worked with partners Newcastle City Council, Heaton Baptist, City church and Westend Foodbank to set up a food bank and a same day emergency food parcel service. This was initially done out of the Allen in Wallsend and then moved to our new compassion in centre in Gosforth. We gave out over 4,200 food parcels (50.2 tonnes of food), supporting 10,889 individuals.
-
In January 2021, we founded Grass Boots, providing 120 new and used items of footwear to more than 50 families in the first 3 months.
-
The Byker Pantry saw further growth as a result of the pandemic, increasing by a further 90 new families. 31,000 items were sold, saving members £13,000 in total over the year.
Page 2
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021
ACHIEVEMENT AND PERFORMANCE - continued
-
(C) To promote the benefit of the inhabitants of Tyneside, Wearside, Northumberland and County Durham in the areas of community cohesion, health, education, recreation and leisure. To provide facilities in the interests of the above with the object of improving the conditions of life of the said inhabitants.
-
In light of the lockdown in March 2020, all our community activities closed. As restriction began to loosen we began to run activities following the government guidance provided.
-
Our Pastoral teams made up gift boxes, short video devotionals for families, teachers and young children to support community cohesion and help with anxiety experienced through the pandemic.
-
Our Light up Christmas campaign saw us partner with 25 schools in sharing the gospel with 6,500 school children across the North East through the provision of Christingle boxes along with an instruction video. We also undertook a Toys for Christmas initiative providing over 100 toys to children in need across the North East. We also ran a Byker family portrait day, where families in Byker could get a professional portrait photograph as free Christmas present.
FINANCIAL REVIEW
Financial position
The charity reported a surplus of £81,904 (2020 - £46,584) and gains on revaluation of tangible fixed assets of £nil (2019 - £35,764). At the balance sheet date, total funds amounted to £337,484 (2020 - £255,580), of which £30,578 (2020 - £nil) were subject to restriction. The free reserves of the charity amounted to £132,170 (2020 - £88,048).
Reserves policy
In 2020-21 (and earlier years) the charity had a policy of maintaining an unrestricted cash reserve equal to a minimum of three months essential expenditure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution and constitutes a charitable incorporated organisation.
Recruitment and appointment of new trustees
Trustees periodically review if there is a need for new trustees, taking into the skills, abilities and capacities of current trustees and the requirements of the charity.
In accordance with our constitution, new trustees are nominated by the church's spiritual leadership (the senior pastors) and appointed by decision of the current trustees.
Trustees are appointed for a five year term and may be re-appointed at the end of a term by decision of the remaining trustees.
Page 3
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT - continued
Where practicable new trustees are recruited from existing volunteer leaders within the church. Trustees will suggest potential appointees who will be contacted by the chair/senior pastor to discuss the role and their suitability, willingness and availability to become a trustee. The chair/senior pastor reports back to the other trustees and nominates individuals for consideration at a trustees' meeting.
If there is a need for expertise that cannot be met from within Tyneside Vineyard, then trustees would look, in the first instance, to find suitable person(s) from within other churches affiliated to Vineyard Churches UK and Ireland.
Organisational structure
Trustees are responsible for the governance and overall management of the charity. They agree an annual budget, changes to staffing establishment, and key policies but implementation and day to day running is delegated to the Senior Pastors who in turn may delegate responsibility to other members of staff and volunteers.
At present trustee decisions (except annual review of Senior Pastor performance and remuneration) are made collectively by all trustees (in a physical meeting or electronically in accordance with the constitution) and there is no formal delegation to individual trustees or trustee sub-groups, but this is kept under review as the charity grows in size and complexity. Individual trustees may be asked, based on their expertise and background, to monitor or develop particular areas of activity, typically in conjunction with a senior pastor or other senior member of staff and to bring any related proposals for change to the board of trustees.
Annual review of Senior Pastor performance and remuneration is delegated to a sub-group of trustees, determined by the Trustees, but excluding any employee(s).
Induction and training of new trustees
New trustees are given a copy of the constitution, the latest annual report and accounts, the current budget plan and recent trustee minutes. They are advised of publications and documents for trustees available from The Charity Commission, and from Vineyard Churches UK and Ireland.
They are welcomed to their first meeting and introduced to any trustees who they do not know and encouraged to take a full part in discussions.
The Chair/Senior Pastor will meet with new trustees between trustee meetings to help ensure they have an understanding of any issues and to address any concerns or questions.
Key management remuneration
Senior Pastor remuneration has been determined by trustees (excluding any employee) taking into account the responsibilities of the role and remuneration offered by other churches and similar sized charities. Changes are determined by a subgroup of the non-employee trustees (typically two) each year following an annual review of performance and in accordance with the general policy on pay changes for all staff agreed by trustees.
Page 4
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT - continued
Trustees have agreed a set of grade descriptors with associated pay ranges for other employees, which is reviewed annually, taking into account pay changes in the wider economy. Trustees (excluding any employees or connected persons) agree a general policy for pay changes each year, taking into account the needs and budget of the charity as well as pay changes in the wider economy. Following employee's annual performance reviews, any annual changes to each individual employee's pay is determined by senior pastor(s) in consultation with a delegated trustee and in accordance with the general policy agreed by trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1159859
Principal address
11-13 Raby Cross Raby Way Byker Newcastle upon Tyne NE6 2FF
Trustees
Dr D Bass Mr A Gilbert Mr F Hindle Mr A Patton Ms B Brooks Mr A McMurray Ms F Awotona
Independent Examiner
Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
Bankers
Barclays Bank plc 215 High Street Gateshead NE8 1BX
Page 5
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on 25 February 2022 and signed on its behalf by:
Dr D Bass - Trustee
Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TYNESIDE VINEYARD
Independent examiner's report to the trustees of Tyneside Vineyard
I report to the charity trustees on my examination of the accounts of Tyneside Vineyard (the Trust) for the year ended 30 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Nicholas J Liley Institute of Chartered Accountants in England and Wales Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
28 February 2022
Page 7
TYNESIDE VINEYARD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 326,152 Charitable activities 4 Charitable Activities 4,560 Investment income 3 11 Other income 29,390 Total 360,113 EXPENDITURE ON Charitable activities 5 Charitable Activities 308,787 NET INCOME 51,326 Other recognised gains/(losses) Gains on revaluation of fixed assets - Net movement in funds 51,326 RECONCILIATION OF FUNDS Total funds brought forward 255,580 TOTAL FUNDS CARRIED FORWARD 306,906 |
Restricted funds £ - 62,772 - - 62,772 32,194 30,578 - 30,578 - 30,578 |
2021 Total funds £ 326,152 67,332 11 29,390 422,885 340,981 81,904 - 81,904 255,580 337,484 |
2020 Total funds £ 305,831 25,135 29 38,477 369,472 322,888 46,584 35,764 82,348 173,232 255,580 |
|---|---|---|---|
The notes form part of these financial statements
Page 8
TYNESIDE VINEYARD
BALANCE SHEET 30 APRIL 2021
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 13 NET ASSETS |
2021 £ 346,138 3,352 157,910 161,262 (19,948) 141,314 487,452 (149,968) 337,484 |
2020 £ 344,899 4,173 80,064 84,237 (15,315) 68,922 413,821 (158,241) 255,580 |
|---|---|---|
The notes form part of these financial statements
continued...
Page 9
TYNESIDE VINEYARD
BALANCE SHEET - continued
30 APRIL 2021
| FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
306,906 30,578 337,484 |
255,580 - |
|---|---|---|
| 255,580 |
The financial statements were approved by the Board of Trustees and authorised for issue on 25 February 2022 and were signed on its behalf by:
D Bass - Trustee
F Hindle - Trustee
The notes form part of these financial statements
Page 10
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021
1. STATUTORY INFORMATION
Tyneside Vineyard is a charitable incorporated organisation, registered in England and Wales and has no share capital. The CIO's registered number and registered office address can be found within Reference and Administrative Details.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Going concern
At the date of approval of these financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue for the foreseeable future and as such the financial statements are prepared on the going concern basis.
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.
Freehold property - not provided Musical and stage equipment - 33% on cost and 20% on cost Furniture and fixtures - 20% on cost Computer equipment - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
continued...
Page 11
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
2. ACCOUNTING POLICIES - continued
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount nett of any trade discounts.
Financial instruments
All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Bank interest receivable | 11 | 29 |
continued...
Page 12
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
| 4. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Charitable Activities Grants received, included in the above, are as follows: Vineyard Church Area Grant Government and Local Authority grants Other grants 5. CHARITABLE ACTIVITIES COSTS Charitable Activities 6. SUPPORT COSTS Charitable Activities The following is included within Governance costs Independent Examiner's remuneration (including irrecoverable |
Direct Costs £ 46,498 VAT) |
2021 £ 67,332 2021 £ 360 52,772 14,200 67,332 Support costs (see note 6) £ 294,483 2020 £ 1,098 |
2020 £ 25,135 2020 £ 2,275 20,000 2,860 25,135 Totals £ 340,981 Mgmt and admin £ 294,483 2019 £ 1,080 |
|---|---|---|---|
continued...
Page 13
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
7. TRUSTEES' REMUNERATION AND BENEFITS
Aggregate remuneration and benefits for trustees and connected persons was as follows:
| Wages and salaries Social security costs Other pension costs |
2021 £ 67,611 4,261 5,409 77,281 |
2020 £ 63,088 4,414 5,573 73,075 |
|---|---|---|
Dr David Bass and Nicola Bass received remuneration in connection with their roles as religious pastors. The charity is permitted to remunerate a charity trustee or connected person under the conditions set out in clause 2(g) of the charity's constitution.
Lucy Gilbert, the spouse of Adam Gilbert, received remuneration in connection with her role as Finance Administrator under consent of the Charity Commission.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 April 2021 nor for the year ended 30 April 2020.
8. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2021 £ 183,003 8,390 14,664 206,057 |
2020 £ 153,164 7,535 12,463 173,162 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| Engaged on charitable activities | 2021 11 |
2020 12 |
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 14
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 305,831 - Charitable activities Charitable Activities 23,138 1,997 Investment income 29 - Other income 38,477 - Total 367,475 1,997 EXPENDITURE ON Charitable activities Charitable Activities 320,891 1,997 NET INCOME 46,584 - Other recognised gains/(losses) Gains on revaluation of fixed assets 35,764 - Net movement in funds 82,348 - RECONCILIATION OF FUNDS Total funds brought forward 173,232 - TOTAL FUNDS CARRIED FORWARD 255,580 - |
Total funds £ 305,831 25,135 29 38,477 369,472 322,888 46,584 35,764 82,348 173,232 255,580 |
|---|---|
Page 15
continued...
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
10. TANGIBLE FIXED ASSETS
| COST At 1 May 2020 Additions At 30 April 2021 DEPRECIATION At 1 May 2020 Charge for year At 30 April 2021 NET BOOK VALUE At 30 April 2021 At 30 April 2020 |
Freehold property £ 335,000 - 335,000 - - - 335,000 335,000 |
Musical and stage equipment £ 9,582 2,754 12,336 6,103 2,418 8,521 3,815 3,479 |
Furniture and fixtures £ 7,969 - 7,969 2,188 1,594 3,782 4,187 5,781 |
Computer equipment £ 3,713 3,917 7,630 3,074 1,420 4,494 3,136 639 |
Totals £ 356,264 6,671 |
|---|---|---|---|---|---|
| 362,935 | |||||
| 11,365 5,432 |
|||||
| 16,797 | |||||
| 346,138 | |||||
| 344,899 |
Freehold property, known as Life Vineyard Church, The Green, Wallsend was valued at £335,000 in November 2019 by Vickers & Barrass Chartered Surveyors. It is the trustees' view that property's value at the balance sheet date did not differ materially from this valuation, however significant renovation expenditure was incurred post year-end and as a result the property's value at the date of this report is believed to be higher.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Other debtors | 2021 £ 3,352 |
2020 £ 4,173 |
|---|---|---|
Page 16
continued...
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
| 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loan (see note 14) Taxation and social security Other creditors 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE Bank loan (see note 14) 14. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loan Amounts falling between one and two years: Bank loan Amounts falling due between two and five years: Bank loan Amounts falling due in more than five years: Repayable by instalments: Bank loan |
2021 £ 10,296 2,240 7,412 19,948 YEAR 2021 £ 149,968 2021 £ 10,296 10,586 33,588 105,794 |
2020 £ 9,227 1,659 4,429 15,315 2020 £ 158,241 2020 £ 9,227 9,576 30,951 117,714 |
|---|---|---|
The bank loan is repayable by instalments over a 15 year term with the final payment falling due in May 2034. An annual rate of interest of 2.65% over the Bank of England Base Rate, subject to a minimum rate of 2.65%, applies.
continued...
Page 17
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
15. SECURED DEBTS
The following secured debts are included within creditors:
Bank loan
| 2021 | 2020 |
|---|---|
| £ | £ |
| 160,264 | 167,468 |
The bank loan is secured on the charity's Freehold Land and Buildings.
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted funds £ Fixed assets 346,138 Current assets 130,684 Current liabilities (19,948) Long term liabilities (149,968) 306,906 |
Restricted funds £ - 30,578 - - 30,578 |
2021 Total funds £ 346,138 161,262 (19,948) (149,968) 337,484 |
2020 Total funds £ 344,899 84,237 (15,315) (158,241) 255,580 |
|---|---|---|---|
17. MOVEMENT IN FUNDS
| Unrestricted funds General fund Revaluation reserve Capital fund Restricted funds Coronavirus Support Other restricted funds TOTAL FUNDS |
At 1/5/20 £ 88,048 35,764 131,768 255,580 - - - 255,580 |
Net movement in funds £ 58,721 - (7,395) 51,326 25,178 5,400 30,578 81,904 |
Transfers between funds £ (14,599) - 14,599 - - - - - |
At 30/4/21 £ 132,170 35,764 138,972 |
|---|---|---|---|---|
| 306,906 25,178 5,400 |
||||
| 30,578 | ||||
| 337,484 |
continued...
Page 18
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Capital fund Restricted funds Coronavirus Support Other restricted funds TOTAL FUNDS |
Incoming resources £ 360,113 - 360,113 52,772 10,000 62,772 422,885 |
Resources Movement expended in funds £ £ (301,392) 58,721 (7,395) (7,395) (308,787) 51,326 (27,594) 25,178 (4,600) 5,400 (32,194) 30,578 (340,981) 81,904 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Revaluation reserve Capital fund TOTAL FUNDS |
At 1/5/19 £ 173,232 - - 173,232 173,232 |
Net movement in funds £ 46,584 35,764 - 82,348 82,348 |
Transfers between funds £ (131,768) - 131,768 - - |
At 30/4/20 £ 88,048 35,764 131,768 255,580 255,580 |
|---|---|---|---|---|
continued...
Page 19
TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2021
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Revaluation reserve Restricted funds Other restricted funds TOTAL FUNDS |
Incoming resources £ 367,475 - 367,475 1,997 369,472 |
Resources expended £ (320,891) - (320,891) (1,997) (322,888) |
Gains and Movement losses in funds £ £ - 46,584 35,764 35,764 35,764 82,348 - - 35,764 82,348 |
|---|---|---|---|
Coronavirus support includes amounts received under the Coronavirus Job Retention Scheme, the DEFRA Emergency Assistance Grant for Food and Essential Supplies (provided via Newcastle City Council) and the National Lottery Community Fund (provided via Central Government)
Transfers between funds
The transfer of £14,599 to the Capital Fund represents payments made to reduce the borrowing against the freehold property.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2021.
Page 20
TYNESIDE VINEYARD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Investment income Bank interest receivable Charitable activities Grants Other income Other income Total incoming resources EXPENDITURE Charitable activities Giving Compassion/community/TEP Counselling Discipleship Evangelism Families Gathering Kids and youth Main worship meeting Marriage and singleness Men's ministry Newcomers Pastoral Prayer ministry Students Whole Church events Carried forward |
2021 £ 274,517 51,635 326,152 11 67,332 29,390 422,885 12,358 9,353 (100) 1,071 6,155 747 - 1,786 6,704 33 122 84 1,321 370 44 - 40,048 |
2020 £ 262,211 43,620 305,831 29 25,135 38,477 369,472 11,601 9,605 160 1,654 2,091 (287) 444 1,562 16,650 - 1,417 303 1,316 64 60 23 46,663 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 21
TYNESIDE VINEYARD
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2021
| Charitable activities Brought forward Women's ministry Worship ministry Wider Church Support costs Mgmt and admin Wages Social security Pensions Building running costs Governance Office and administration Advertising and printing Leadership Other staff costs Other expenditure Depreciation Bank interest payable Total resources expended Net income |
2021 £ 40,048 126 5,704 620 46,498 183,003 8,390 14,664 48,853 2,580 14,993 3,154 3,046 1,994 979 5,432 7,395 294,483 340,981 81,904 |
2020 £ 46,663 (15) 2,525 1,067 50,240 153,164 7,535 12,463 47,648 3,481 20,408 7,605 1,929 7,783 103 4,236 6,293 272,648 322,888 46,584 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 22