REGISTERED CHARITY NUMBER: 1159859
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
FOR
TYNESIDE VINEYARD
TYNESIDE VINEYARD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Report of the Trustees | 2 to 22 |
| Independent Examiner's Report | 23 |
| Statement of Financial Activities | 24 |
| Balance Sheet | 25 |
| Notes to the Financial Statements | 26 to 34 |
TYNESIDE VINEYARD
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 APRIL 2025
Charity name Tyneside Vineyard
Other name used by the Charity Life Vineyard Church
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 Mr A McMurray Ms F Awotona
Independent Examiner
Nicholas J Liley, BK Plus Limited, 13 Windsor Terrace, Jesmond, Newcastle upon Tyne, NE2 4HE
Bankers
Barclays Bank plc, 215 High Street, Gateshead, NE8 1BX
Page 1
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
The trustees present their report with the financial statements of the charity for the year ended 30 April 2025.
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.
Public beneft
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.
FINANCIAL REVIEW
Financial position
The charity reported total incoming resources of £445,438 (2024 - £508,891) of which £22,885 (2024 - £47,837) was subject to restriction; resources expended amounted to £435,683 (2024 - £532,528) of
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TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
which £22,885 (2024 - £47,837) was subject to restriction resulting in an overall net surplus of £9,755 (2024 - deficit of £23,637).
At the balance sheet date, total funds amounted to £290,591 (2024 - £280,836), none of which was subject to restriction. The free reserves of the charity amounted to £51,683 (2024 - £42,944).
Reserves policy
In 2023-24 we reviewed our reserve policy and decided to move to a simpler model of a target of 2 months full expenditure. Trustees agreed that 3 months full expenditure would be the maximum reserve unless we were planning for a known larger expenditure or investment.
We also assessed that a minimum reserve would be £30,000 which enabled for everyday activities to continue unhindered. Should the church run a continued monthly deficit that was projected to take the cash in hand and debtors balance below the two months full expenditure then the trustees would assess what interventions would be required.
This year our end of year balance of cash in hand and debtors was £63,485. This is slightly below the target of £68,800 (two months full unrestricted 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.
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.
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TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
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.
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.
Page 4
life Annual/ Report 2024/2025 LIFE VINEYARD 'CHURCH., i• Page 5
11 04111 111 IGHTE0sNEss Page 6
INTRODUCTION What an amazing 12 months, God has been building His church and we have been looking to join in with what He is doing in and through LVC. We have seen lots of people calling LVC home, we have planted a church in South Shields and so much more... Our Life Projects have been going from strength to strength with new pantry locations and growing a number of people accessing the support they need. Our kids and youth ministries are growing and thriving, with our youth service The Hub, giving space for our 12-18'5 to gather, have fun and build community. Thank you so much to everyone who served, gave, prayed and contributed to all this and more! God Bless David & Nicola Bass (Senior Pastors) Page 7
EXPLORE 'We have a passion to see people meetjesus for the first time." Evan elism & Outreach Around 325 people come to our compassion and outreach projects every week. Thats over 16,000 community connections in the last 12 months "This gives us an incredible opportunity to demonstrate and communicate the gospel." Al ha Courses Over the next 12 months we have a goal to run an Alpha Course every term. Hopefully at both our sites. Who willyou invite? Alpha Page 8
CONNECT rovements hello & WELCOME hello & WELC io Lll• Vln4y4rd Church 111 Llfe hello & WELCOME BE THE UGHT Thanks once again to the generosity of LVC members we have been able to improve the experience of first time visitors to both Wallsend and Marley Hill sites. There's more to come... Newcomers Meal & Vine ard 101 44 people attended a Newcomers Meal in the last 12 months and 28 people attended Vineyard 101 in 2025. Page 9
CONNECT Life Kids and Youth "We want ouryoung people to neverknowa day when Jesus isnl at the center of their life" 187 kids and youth currently find a home at Life Vineyard Church. .41 • -JIGHTEOsNE55 •' Launching Sep 2025... Thanks to the the generosity of LVC members we have been able to invest in an exciting new kids and youth curriculum that families can also access at home. orange Page10
CONNECT rovements hello & WELCOME hello & WELC io Lll• Vln4y4rd Church 111 Llfe hello & WELCOME BE THE UGHT Thanks once again to the generosity of LVC members we have been able to improve the experience of first time visitors to both Wallsend and Marley Hill sites. There's more to come... Newcomers Meal & Vine ard 101 44 people attended a Newcomers Meal in the last 12 months and 28 people attended Vineyard 101 in 2025. Page11
Page12
BELONG 'We want everyone to find a place to call home at LVC." Life Grou We currently have 11 Life Groups that meet regularly across the week. 104 people are currently in a Life Group at LVC, thats 35 % of all adults at LVC. We want to start new Life Groups and see many more members of LVC being known and knowing others as a member of a Life Group. Join NOW using this QR code.... Page13
BELONG Life Kids and Youth 80 75 Life Kids and Life Youth continue to go from strength to strength. Over the last 18 months on average we have seen 63 young people attending a Sunday service. 60 49 20 0-5's 6-Il's Youth /aAI "we want to raise a generation who know Jesus and worship Him every day of their lives" This year we saw a record 22 our our young people. attending DTI youth festival. Page 14
BRING LIFE Affordable Food Pro"ects, We currently run affordable food projects (Pantries) in 8 locations in partnership with five churches and Percy Main Primary School.
9000 people supported over the last 12 months. £50.000 saved by members over the last 12 months. 100.000 items On average £13.75 provided over the last saved each month by a 12 months. an individual member. Mother of4 in Benwell "A lovely friendly pantry with very welcoming volunteers. Great value food which has been a massive help over the last 2 years. Myselfand my mother-in-law pop in every Thursday for coffee, cake and catch up.. Page15
BRING LIFE Jesus said." "I have come that theymay have life, and have it to the full." The Lam and Hot Meals
2500 community connections in the last 12 months at The Lamp Cafe at Marley Hill. The Lamp is a pay what you can cafe at Marley Hill. It is a wonderful place of community and friendship. 1200 hot meals provided for free in Wallsend in the last 12 months. 25 people attending most weeks. "The atmosphere in and around the Pantry is joyous with lots of smiling faces. Then from 12pm to Ipm there is a free lunch. I'm so grateful as I don't need to worry on a Friday what I'll have to eat that day." Page16
BRING LIFE Noah's Ark Toddler Grou We run a vibrant Noah's Ark toddlers group at both our Marley Hill (Friday) and Wallsend (Monday) sites. Around 4000 community connections across both toddler groups in the last 12 months. CAP Job Club- Coming Soon We have been invited to partner with Christians Against Poverty to run a Job Club at the Byker Pantry. If you would like to train to be a volunteer'job Coach. please let the church office know... (office@lifevineyard.church) Page17
BRING LIFE To lead people into life requires everyone at LVC to play their part. 118 (40 % ) members of LVC serve on at least one team. We would love everyone who calls Life Vineyard Church home to serve on a team. Just imagine the difference another 100 people serving would make! Scan the QR to join a team today and playyour part Page18
GROW iritual Growth Plan In September 2025, we will be launching our Spiritual Growth Plan (SPG) initiative. We are passionate about seeing people grow in their faith and relationship with Jesus. With the SPG, you complete an online survey and then have 2 to 4 meetings with a Spiritual Growth Guide. The aim is to help each person discover their unique growth areas and take their next steps in spiritual growth. Leadershi Develo ment At Life Wineyard Church, we believe developing leaders is vital to the health and growth of our church. We invest in leaders through Wider Leaders, Meetings, our Leaders Day Conference (Nov 2025), the Leaders Retreat, and, from 2026, a new Leaders Mentoring Initiative. We are blessed to have amazing leaders serving across every aspect of church life and always looking to develop new leaders. Vine ard Movement Alongside our training and development at LVC, we are also blessed with an amazing range of conferences and events across the national Vineyard Movement. tquse to Live For Pollege Vineyard Leadership College Page19
GROW Church Plantin Back in September 2024 we had the privilege of commission Mike and Jo Sutton to plant Beacon Vineyard. This was LVC'S second church plant after Darlington Vineyard in 2017. THE BEAvI VINEY ARD In the first year they have grown to 45 adults and kids. "We have lovedseeing the lives of people changed as they encounter God in new ways. Two highlights.. We have baptised five people at drfferent stages ol faith and it's been exciting to see them make their commitments to the Lord. Our knds and families ministry has really grown and developed and we have loved seeing our kids grow and thrive in their faith." rnultOyvlneyard Scan QR to find out The Call 1>>> more Page 20
THANK YOU life WWW.LIFEVINEYARD.CHURCH Page 21
TYNESIDE VINEYARD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025
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).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they 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
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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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 charity's constitution. 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 24 February 2026 and signed on its behalf by:
Dr D Bass - Trustee
Page 22
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 2025.
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 member of the 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
[pan
Nicholas J Liley The Institute of Chartered Accountants in England and Wales
BK Plus Limited Chartered Certified Accountants 13 Windsor Terrace Jesmond Newcastle upon Tyne NE2 4HE
25 February 2026
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TYNESIDE VINEYARD
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 310,620 Charitable activities 4 Charitable Activities 3,736 Investment income 3 11 Other income 108,186 Total 422,553 EXPENDITURE ON Charitable activities 5 Charitable Activities 412,798 NET INCOME/(EXPENDITURE) 9,755 RECONCILIATION OF FUNDS Total funds brought forward 280,836 TOTAL FUNDS CARRIED FORWARD 290,591 |
Restricted funds £ - 22,885 - - 22,885 22,885 - - - |
2025 Total funds £ 310,620 26,621 11 108,186 445,438 435,683 9,755 280,836 290,591 |
2024 Total funds £ 314,758 65,697 183 128,253 508,891 532,528 (23,637) 304,473 280,836 |
|---|---|---|---|
The notes form part of these financial statements
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TYNESIDE VINEYARD
BALANCE SHEET 30 APRIL 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 10 | 478,640 | 480,663 |
| CURRENT ASSETS | |||
| Debtors | 11 | 3,647 | 8,489 |
| Cash at bank and in hand | 59,838 | 45,314 | |
| 63,485 | 53,803 | ||
| CREDITORS | |||
| Amounts falling due within one year | 12 | (15,041) | (13,898) |
| NET CURRENT ASSETS | 48,444 | 39,905 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 527,084 | 520,568 | |
| CREDITORS | |||
| Amounts falling due after more than one | |||
| year | 13 | (236,493) | (239,732) |
| NET ASSETS | 290,591 | 280,836 | |
| FUNDS | 17 | ||
| Unrestricted funds | 290,591 | 280,836 | |
| TOTAL FUNDS | 290,591 | 280,836 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 February 2026 and were signed on its behalf by: ,
D Bass - Trustee
F Hindle - Trustee
The notes form part of these financial statements
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
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.
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
The trustees are of the view that there are no material uncertainties regarding the charity's ability to continue and as such the accounts have been 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.
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
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 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Bank interest receivable | 11 | 183 |
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
| 4. INCOME FROM CHARITABLE ACTIVITIES 2025 Activity £ Grants Charitable Activities 26,621 Grants received, included in the above, are as follows: 2025 £ Vineyard Church Area Grant 3,736 Government and Local Authority grants 7,215 Other grants 15,670 26,621 5. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 6) £ £ Charitable Activities 83,939 351,744 6. SUPPORT COSTS Charitable Activities The following is included within Governance costs 2025 £ Independent Examiner's remuneration (including irrecoverable VAT) 1,452 |
2024 £ 65,697 2024 £ 2,466 24,200 39,031 65,697 Totals £ 435,683 Mgmt and admin £ 351,744 2024 £ 1,380 |
|---|---|
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
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 |
2025 £ 77,392 4,655 6,253 88,300 |
2024 £ 69,821 5,138 5,800 80,759 |
|---|---|---|
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 2025 nor for the year ended 30 April 2024.
8. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2025 £ 194,019 11,463 14,905 220,387 |
2024 £ 236,864 13,729 19,000 269,593 |
|---|---|---|
The average monthly number of employees during the year was as follows:
| Engaged on charitable activities | 2025 11 |
2024 12 |
|---|---|---|
No employees received emoluments in excess of £60,000.
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
| 9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 314,758 - Charitable activities Charitable Activities 17,860 47,837 Investment income 183 - Other income 128,253 - Total 461,054 47,837 EXPENDITURE ON Charitable activities Charitable Activities 484,691 47,837 NET INCOME/(EXPENDITURE) (23,637) - RECONCILIATION OF FUNDS Total funds brought forward 304,473 - TOTAL FUNDS CARRIED FORWARD 280,836 - 10. TANGIBLE FIXED ASSETS Musical Furniture Freehold and stage and Computer property equipment fixtures equipment £ £ £ £ COST At 1 May 2024 and 30 April 2025 477,951 12,336 7,969 11,087 DEPRECIATION At 1 May 2024 - 11,786 7,969 8,925 Charge for year - 550 - 1,473 At 30 April 2025 - 12,336 7,969 10,398 NET BOOK VALUE At 30 April 2025 477,951 - - 689 At 30 April 2024 477,951 550 - 2,162 |
Total funds £ 314,758 65,697 183 128,253 508,891 532,528 (23,637) 304,473 280,836 Totals £ 509,343 28,680 2,023 30,703 478,640 480,663 |
|---|---|
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
10. TANGIBLE FIXED ASSETS - continued
Freehold property, known as Life Vineyard Church, The Green, Wallsend was valued at £335,000 in November 2019 by Vickers & Barrass Chartered Surveyors and subsequent renovations were carried out at a cost of £142,951. It is the trustees' view that the property's value at the balance sheet date did not differ materially from the sum of these amounts.
Had the historic cost model been applied to freehold property, its carrying value would have been £442,187 at the balance sheet date.
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2025 £ Other debtors 3,647 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 £ Bank loan (see note 14) 3,239 Taxation and social security 2,219 Other creditors 9,583 15,041 13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 £ Bank loan (see note 14) 236,493 14. LOANS An analysis of the maturity of loans is given below: 2025 £ Amounts falling due within one year on demand: Bank loan 3,239 Amounts falling between one and two years: Bank loan 3,452 Amounts falling due between two and five years: Bank loan 11,784 |
2024 £ 8,489 2024 £ 3,039 2,628 8,231 13,898 2024 £ 239,732 2024 £ 3,039 3,239 11,055 |
|---|---|
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
14. LOANS - continued
| LOANS - continued | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Amounts falling due in more than five years: | ||
| Repayable by instalments: | ||
| Bank loan | 221,257 | 225,438 |
The bank loan is repayable by instalments over a 30 year term with the final payment falling due in January 2053; a variable rate of interest applies.
15. SECURED DEBTS
The following secured debts are included within creditors:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Bank loan | 239,732 | 242,771 |
The bank loan is secured on the charity's Freehold Land and Buildings.
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted funds £ Fixed assets 478,640 Current assets 63,485 Current liabilities (15,041) Long term liabilities (236,493) 290,591 |
Restricted funds £ - - - - - |
2025 Total funds £ 478,640 63,485 (15,041) (236,493) 290,591 |
2024 Total funds £ 480,663 53,803 (13,898) (239,732) 280,836 |
|---|---|---|---|
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
17. MOVEMENT IN FUNDS
| Net movement At 1/5/24 in funds £ £ Unrestricted funds General fund 45,656 28,282 Revaluation reserve 35,764 - Capital fund 199,416 (18,527) 280,836 9,755 TOTAL FUNDS 280,836 9,755 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 422,553 Capital fund - 422,553 Restricted funds Food Co-operatives 20,385 Other restricted funds 2,500 22,885 TOTAL FUNDS 445,438 |
Transfers between funds £ (21,566) - 21,566 - - Resources expended £ (394,271) (18,527) (412,798) (20,385) (2,500) (22,885) (435,683) |
At 30/4/25 £ 52,372 35,764 202,455 290,591 290,591 Movement in funds £ 28,282 (18,527) 9,755 - - - 9,755 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Revaluation reserve Capital fund TOTAL FUNDS |
At 1/5/23 £ 89,352 35,764 179,357 304,473 304,473 |
Net movement in funds £ (5,114) - (18,523) (23,637) (23,637) |
Transfers between funds £ (38,582) - 38,582 - - |
At 30/4/24 £ 45,656 35,764 199,416 |
|---|---|---|---|---|
| 280,836 | ||||
| 280,836 |
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TYNESIDE VINEYARD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2025
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 Food Co-operatives Other restricted funds TOTAL FUNDS |
Incoming resources £ 461,054 - 461,054 33,337 14,500 47,837 508,891 |
Resources expended £ (466,168) (18,523) (484,691) (33,337) (14,500) (47,837) (532,528) |
Movement in funds £ (5,114) (18,523) (23,637) - - - (23,637) |
|---|---|---|---|
Food Co-Operatives includes income from North Tyneside Council, among other sources, to support and develop the Wallsend Pop-Up Pantry and Social Supermarket at the Riverside Centre.
Transfers between funds
The transfer of £21,565 (2024 - £38,582) to the Capital Fund represents the aggregate of expenditure on property improvements (net of grant and loan-funded expenditure) and 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 2025.
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