**REGISTERED CHARITY NUMBER: 1159859**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022**
## **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 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 7|
|**Independent Examiner's Report**|8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Financial Statements**|11 to 20|
## **TYNESIDE VINEYARD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
The trustees present their report with the financial statements of the charity for the year ended 30 April 2022. 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**
- **Re-opening our spaces** - The church focused on re-opening in-person services and outreach activities as lock down regulations loosened. We re-connected with many families and individuals within the communities we serve, inviting them to come along to the activities and services we run throughout the week.
- **Online presence** - The church maintained an online presence for our Sunday services and ensured that those who were still cautious about mixing in public would be able to worship and stay connected with the wider body.
- The Light Still Shines campaign saw us partner with 18 schools in sharing the gospel with 4,000 school children across the North East through our Christingle pack. We also held our first outdoor nativity walkthrough and Christingle services in the local communities of Wallsend and Marley Hill, with over 550 people attending these services.
Page 1
**TYNESIDE VINEYARD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
## **OBJECTIVES AND ACTIVITIES - continued**
## **Significant activities - continued**
- **Food Bank** - The church continued to deliver a food bank and a same day emergency food parcel service, which was set up in 2020, during the pandemic. This operated out of our compassion 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, serving the east side of Newcastle.++Funding for this service ended in August 2021 and Life Vineyard ended its partnership with the West End Foodbank, who continued to deliver foodbank services across the city.++The church continued to work with Feeding Britain, Newcastle City Council and Northumbria University on the expected cost of living crisis. In December 2021 we were awarded grant funding by these partners to develop and run a food project known as the Pop Up Pantry which aims to support deprived communities, during the cost of living crisis, by providing access to good food at an affordable rate.
- **The Byker Pantry** - saw a further 119 new families join in 2021/22. With members saving an estimated £11,800 over the year. Usage saw a significant rise in March 2022, which has continued into the new financial new year.
- **Grass Boots** - has continued to grow and expand to include a range clothing and baby accessories, partnering with 15 different community groups and organisations. In 2021/22 it provided 215 new and used items of footwear and 334 items of clothing and baby accessories, supporting over 90 families.
Please find a copy of our annual report at: https://drive.google.com/drive/u/0/folders/1sT4mF_HwjB4dxos_0DOPeSxssUbEtxvT
## **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.
Page 2
## **TYNESIDE VINEYARD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
## **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.
- In May 2021, as the lock down rules began to loosen our key focus was to help people transition back from meeting on Zoom and watching services on YouTube to meeting in person. This was whilst ensuring guidelines are being followed and maintaining an online presence for those who were still cautious about social mixing. The seating arrangements and spaces were set up to maintain social distancing, with one-way systems in place. We saw more people return to in-person services, along with newcomers, with 170 in attendance every week.
- We also ran many outdoor socials in the summer such as fire pit nights, beach clean ups, BBQ's and picnics, and set up a café space for use after the service where members could reconnect.
- All the while we have maintained our online presence streaming both a morning and an evening service, growing by a further 30 subscribers with around 15,000 views in total for 2021/22.
- The church grew the number of life groups and ministries to 21 with 161 members signing up to a life group or ministry. We also helped 18 people say their 'yes' to Jesus and 12 people were baptised.
- As above the church celebrated Christmas and Easter by running a number of outdoor events, inviting the local communities to attend. Seeing over 800 people attend all its outdoor events.
- Our worship team released its new worship album entitled "Spirit Breathe" in December 2021.
- - In March 2021, the church took the 'Joining With The Father' offering, where members have gave £54,000 (including Gift Aid) towards the development of the church and its spaces. This will contribute to advancement of the Christian faith as well as providing safe community spaces for the years to come.
- (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.
- The church continued to work with partners and West End Foodbank to deliver a food bank and same day emergency food parcel service. When the partnership ended in August 2021, the church continued to work with Feeding Britain, Newcastle City Council and Northumberia University and were awarded grant funding of £60k to develop the Pop Up Pantry. This service, which aims to support deprived communities, during the cost of living crisis, by providing access to good food at an affordable rate.
- The Byker Pantry saw a further 119 new families join in 2021/22. With members saving an estimated £11,800 over the year. Usage saw a significant rise in March 2022, which has continued into the new financial new year.
- Grass Boots has continued to grow and expand to include a range clothing and baby accessories, partnering with 15 different community groups and organisations. In 2021/22 it provided 215 new and used items of footwear and 334 items of clothing and baby accessories, supporting over 90 families.
Page 3
**TYNESIDE VINEYARD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
## **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.
- As the government began to loosen Covid restrictions we also began to re-open our regular toddler (Noah's Ark) and café groups (Lamp Café) run by our pastoral teams in both locations.
- - The church offered out its spaces to social enterprises, such as singing and dance groups, exercise and martial arts groups and other community services including LD:NorthEast.
- The Light Still Shines campaign saw us partner with 18 schools in sharing the gospel with 4,000 school children across the North-East through the provision of Christingle boxes along with an instruction video.We also ran a number of successful social initiatives including (including but not limited to):
- 'Scattered Church Sunday' in November 2021, where we ran a painting and planting party, gardening, litter picks, beach clean ups etc.
- Quiz and Curry evening in Wallsend
- Swim Party in Prodhoe
## **FINANCIAL REVIEW**
## **Financial position**
The charity reported total incoming resources of £411,906 (2021 - £422,885) of which £81,522 (2021 - £62,772) was subject to restriction; resources expended amounted to £427,446 (2021 - £340,981) of which £112,100 (2021 - £32,194) was subject to restriction resulting in an overall net surplus of £81,904 (2021 - deficit of £15,540).
At the balance sheet date, total funds amounted to £321,944 (2021 - £337,484), of which £nil (2021 - £30,578) was subject to restriction. The free reserves of the charity amounted to £136,955 (2021 - £132,170).
## **Reserves policy**
In 2021-22 (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 4
## **TYNESIDE VINEYARD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
## **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 5
**TYNESIDE VINEYARD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
## **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**
The Allen, The Green, Wallsend, NE28 7NP
## **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, NE30 1AF
## **Bankers**
Barclays Bank plc, 215 High Street, Gateshead, NE8 1BX
## **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.
Page 6
## **TYNESIDE VINEYARD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2022**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
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 14 February 2023 and signed on its behalf by:
Dr D Bass - Trustee
Mr F Hindle - Trustee
Page 7
## **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 2022.
## **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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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
15 February 2023
Page 8
## **TYNESIDE VINEYARD**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2022**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
265,213
**Charitable activities**
4
Charitable Activities
2,667
Investment income
3
6
Other income
62,498
**Total**
330,384
**EXPENDITURE ON**
**Charitable activities**
5
Charitable Activities
315,346
**NET INCOME/(EXPENDITURE)**
15,038
**RECONCILIATION OF FUNDS**
Total funds brought forward
306,906
**TOTAL FUNDS CARRIED FORWARD**
321,944|Restricted
funds
£
13,490
68,032
-
-
81,522
112,100
(30,578)
30,578
-|2022
Total
funds
£
278,703
70,699
6
62,498
411,906
427,446
(15,540)
337,484
321,944|2021
Total
funds
£
326,152
67,332
11
29,390|
|---|---|---|---|
||||422,885|
||||340,981|
||||81,904
255,580|
||||337,484|
The notes form part of these financial statements
Page 9
## **TYNESIDE VINEYARD**
## **BALANCE SHEET 30 APRIL 2022**
|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**
**FUNDS**
17
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2022
£
345,627
7,660
141,794
149,454
(33,308)
116,146
461,773
(139,829)
321,944
321,944
-
321,944|2021
£
346,138
3,352
157,910
161,262
(19,948)
141,314
487,452
(149,968)
337,484
306,906
30,578
337,484|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 14 February 2023 and were signed on its behalf by:
Dr D Bass - Trustee
Mr 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 2022**
## **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.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
Page 11
**TYNESIDE VINEYARD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **2. ACCOUNTING POLICIES - continued**
## **Fund accounting**
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**||||
|---|---|---|---|
||2022||2021|
||£||£|
|Bank interest receivable||6|11|
continued...
Page 12
**TYNESIDE VINEYARD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
|**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**
Direct
Costs
£
Charitable Activities
80,777
**6.**
**SUPPORT COSTS**
Charitable Activities
The following is included within Governance costs
Independent Examiner's remuneration (including irrecoverable VAT)|2022
£
70,699
2022
£
-
51,799
18,900
70,699
Support
costs (see
note 6)
£
346,669
2022
£
1,116|2021
£
67,332
2021
£
360
52,772
14,200
67,332
Totals
£
427,446
Mgmt and
admin
£
346,669
2021
£
1,098|
|---|---|---|
||||
||||
continued...
Page 13
**TYNESIDE VINEYARD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **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|2022
£
71,285
5,404
5,703
82,392|2021
£
67,611
4,261
5,409
77,281|
|---|---|---|
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 2022 nor for the year ended 30 April 2021.
## **8. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2022
£
212,638
11,725
16,449
240,812|2021
£
183,003
8,390
14,664
206,057|
|---|---|---|
The average monthly number of employees during the year was as follows:
|Engaged on charitable activities|2022
14|2021
11|
|---|---|---|
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 2022**
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
funds
funds
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
326,152
-
**Charitable activities**
Charitable Activities
4,560
62,772
Investment income
11
-
Other income
29,390
-
**Total**
360,113
62,772
**EXPENDITURE ON**
**Charitable activities**
Charitable Activities
308,787
32,194
**NET INCOME**
51,326
30,578
**RECONCILIATION OF FUNDS**
Total funds brought forward
255,580
-
**TOTAL FUNDS CARRIED**
**FORWARD**
306,906
30,578|Total
funds
£
326,152
67,332
11
29,390|
|---|---|
||422,885|
||340,981|
||81,904
255,580|
||337,484|
continued...
Page 15
## **TYNESIDE VINEYARD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **10. TANGIBLE FIXED ASSETS**
|**COST**
At 1 May 2021
Additions
At 30 April 2022
**DEPRECIATION**
At 1 May 2021
Charge for year
At 30 April 2022
**NET BOOK VALUE**
At 30 April 2022
At 30 April 2021|Freehold
property
£
335,000
-
335,000
-
-
-
335,000
335,000|Musical
and stage
equipment
£
12,336
-
12,336
8,521
1,091
9,612
2,724
3,815|Furniture
and
fixtures
£
7,969
-
7,969
3,782
1,398
5,180
2,789
4,187|Computer
equipment
£
7,630
3,457
11,087
4,494
1,479
5,973
5,114
3,136|Totals
£
362,935
3,457|
|---|---|---|---|---|---|
||||||366,392|
||||||16,797
3,968|
||||||20,765|
||||||345,627|
||||||346,138|
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|2022
£
7,660|2021
£
3,352|
|---|---|---|
continued...
Page 16
**TYNESIDE VINEYARD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
|**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2022
£
Bank loan (see note 14)
10,182
Taxation and social security
2,558
Other creditors
20,568
33,308
**13.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2022
£
Bank loan (see note 14)
139,829
**14.**
**LOANS**
An analysis of the maturity of loans is given below:
2022
£
Amounts falling due within one year on demand:
Bank loan
10,182
Amounts falling between one and two years:
Bank loan
10,540
Amounts falling due between two and five years:
Bank loan
33,890
Amounts falling due in more than five years:
Repayable by instalments:
Bank loan
95,399|2021
£
10,296
2,240
7,412
19,948
2021
£
149,968
2021
£
10,296
10,586
33,588
105,794|
|---|---|
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 2022**
## **15. SECURED DEBTS**
The following secured debts are included within creditors:
|Bank loan|2022
£
150,011|2021
£
160,264|
|---|---|---|
The bank loan is secured on the charity's Freehold Land and Buildings.
## **16. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
funds
£
Fixed assets
345,627
Current assets
149,454
Current liabilities
(33,308)
Long term liabilities
(139,829)
321,944
**MOVEMENT IN FUNDS**
At 1/5/21
£
**Unrestricted funds**
General fund
132,170
Revaluation reserve
35,764
Capital fund
138,972
306,906
**Restricted funds**
Coronavirus support
25,178
Other restricted funds
5,400
30,578
**TOTAL FUNDS**
337,484|Restricted
funds
£
-
-
-
-
-
Net
movement
in funds
£
19,481
-
(4,443)
15,038
(25,178)
(5,400)
(30,578)
(15,540)|2022
Total
funds
£
345,627
149,454
(33,308)
(139,829)
321,944
Transfers
between
funds
£
(14,696)
-
14,696
-
-
-
-
-|2021
Total
funds
£
346,138
161,262
(19,948)
(149,968)
337,484
At
30/4/22
£
136,955
35,764
149,225
321,944
-
-
-
321,944|
|---|---|---|---|
## **17. MOVEMENT IN FUNDS**
continued...
Page 18
## **TYNESIDE VINEYARD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **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
Food Co-operatives
Other restricted funds
**TOTAL FUNDS**
**Comparatives for 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|Incoming
resources
£
330,384
-
330,384
132
72,147
9,243
81,522
411,906
Net
movement
in funds
£
58,721
-
(7,395)
51,326
25,178
5,400
30,578
81,904|Resources
Movement
expended
in funds
£
£
(310,903)
19,481
(4,443)
(4,443)
(315,346)
15,038
(25,310)
(25,178)
(72,147)
-
(14,643)
(5,400)
(112,100)
(30,578)
(427,446)
(15,540)
Transfers
between
At
funds
30/4/21
£
£
(14,599)
132,170
-
35,764
14,599
138,972
-
306,906
-
25,178
-
5,400
-
30,578
-
337,484|
|---|---|---|---|
continued...
Page 19
**TYNESIDE VINEYARD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2022**
## **17. MOVEMENT IN FUNDS - continued**
Comparative 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|
|---|---|---|
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).
Food Co-Operatives includes income from Newcastle City Council, among other sources, for the expansion of the Byker Pantry and establishment of pop-up pantries in other locations.
## **Transfers between funds**
The transfer of £14,696 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 2022.
Page 20