Report and Accounts For the year ended 31[st] July 2023
Registered Charity Number: 1165564
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
Table of Contents
| Page | |
|---|---|
| Charity Information | 3 |
| Trustees’ Annual Report | 4 – 8 |
| Independent Examiner’s Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Cashflow Statement | 12 |
| Notes to the Accounts | 13 – 24 |
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
Charity Information
Charity Registration Number: 1165564 Registered Address: Colony 5 Piccadilly Place Manchester M1 3BR Governing Document: Manchester Vineyard is governed by its Constitution dated 12 February 2016 and was created as a Charitable Incorporated Organisation (“the CIO”) registered with the Charity Commission. Trustees: Adam Blundy Paul Lowe Naomi Woodcock Paul Bevan Simon Bond Key Management: Paul & Steph Lowe (Church Leaders) Banker: Lloyd Bank PLC 1 Legg Street Chelmsford CM1 1JS Independent Examiner: Jonathan Wilson Chartered Accountant Cromwell House, 68 West Gate Mansfield Nottinghamshire NG18 1RR
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
The trustees present their annual report, together with the unaudited financial statements of the charity, for the year ended 31[st] July 2023.
Structure, Governance and Management
The charity Trustees are responsible for the general control and management of the charity. The Trustees give their time freely and receive no remuneration or other financial benefits. The Trustees meet together at least three times a year and are responsible for all major decisions taken in relation to running the church and the activities provided by the charity. The day-to-day management of the church and activities are delegated to Church Leaders Paul & Steph Lowe.
Within the local church, Paul and Steph lead the church and are supported by a team they lead and are developing. As the church has grown, some of these leaders have oversight in a paid capacity. Paul & Steph have numerous mechanisms of oversight and accountability.
The church is also affiliated to Vineyard Churches UK and Ireland, a wider network of over 120 churches across the UK. Each year, Manchester Vineyard grants a proportion of its income to the work of Vineyard Churches UK and Ireland. The Vineyard is an episcopal movement, whereby Paul and Steph are overseen and accountable to an Area Leader.
Appointment of Trustees
New Trustees are appointed when appropriate. Suitable candidates, who are expected to be generally (but not exclusively) selected from within the membership of Manchester Vineyard, are considered on the basis of their skills, experience and understanding of the aims of the church. New Trustees have the opportunity of reviewing appropriate documents including the accounts as part of their induction process.
Background and introduction
Manchester Vineyard launched Sunday gatherings in the September of 2016. Paul and Steph Lowe, the church leaders, were commissioned and planted from Trent Vineyard in Nottingham and together with a small group of people started Manchester Vineyard.
Initially the group met in people’s homes and on moving to Sundays has now rented two venues to host its gatherings. It is a church, new to the city of Manchester, with a heart to Love Jesus and Love Manchester. The church reaches people in-person and online with more attending at special gatherings like Christmas, baptisms and special events across the city such as bonfire night.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
The Vision for Manchester Vineyard is to:
“Establish an authentic, relevant, growing and biblically-based church. Purposed by a passion for Jesus and empowered by the Holy Spirit, we intend to worship God and extend compassion, as we live on a mission to love, serve and call into the fullness of life, the people of Manchester.
We aim to identify, develop and equip leaders. We also believe we are called to plant new churches, some of which will be in Manchester, and to encourage and resource the wider Church.”
Simply put, we want to build a community that will live the way that Jesus did, seeking to shape the culture of Manchester, one life at a time.
In setting and planning activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Review of the Year
Manchester Vineyard Church
Manchester Vineyard has seen remarkable growth over the past year:
We have had nearly 100 new adults join our church. They have been welcomed and drawn into our community through our 6-weekly welcome meals alongside other gatherings, with a whole team of volunteers dedicated to connecting with new people and helping them find ways to feel at home.
Our Sunday gatherings have grown in attendance by 25% . In order to facilitate this, we have multiplied the number of childrens’ rooms to accommodate the increase, and substantially grown our Sunday volunteer teams. Our volunteers have served a remarkable total of 11,677 hours across the Sundays; each week they have transformed the school, in which we meet, into a welcoming and functional church space including 6 childrens’ group rooms, a large reception area with refreshments, and a meeting hall.
Similarly, our 16 volunteer-led small groups which meet during the week, for community and support, have hosted a growing number of people every week in homes across Greater Manchester. We started the year with the express desire to see more small groups planted, and in more boroughs across the Greater Manchester area; we now have multiple small groups spanning across Manchester, Stockport, Tameside and Trafford. There have been remarkable stories of how being a part of these small communities has impacted peoples’ mental health, tackling isolation, and providing both practical and pastoral support beyond just the weekly meeting.
Our Kids Team, in addition to running 5 different age groups during our Sunday morning gathering, have put on bimonthly family events including fun days, picnics, Easter Egg hunts and parties. Overall, we have seen nearly 100 children from our church and the community come regularly to these. We have also had children share how they have been supported pastorally through being bullied at school or through difficult transitions.
We have had 26 people join our Alpha courses through the year to explore the Christian faith, and we have a team of volunteers who have helped to deliver the Alpha course in a local prison for 45 inmates.
In addition to our paid staff team, we have a wider volunteer team of 13 who each give a minimum of 7 weekly hours (3 FTE). As the church has grown, we have formalised the leadership structure with the introduction of assistant pastors and other key volunteer roles to bring organisational clarity and efficiency. As a result, the Church Leaders, Paul and Steph Lowe were able to take a sabbatical at the end of the financial year with little disruption to the running and pastoring of the church and its functions, and we continued to see growth in that time.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
422 Community Hub
We completed the building refurbishment works of our community hub, 422 Manchester, and in May 2023 Manchester City Council Leader, Bev Craig, officially opened it on our behalf, welcoming over 300 people from the community.
The 422 Pantry on an ongoing basis supported 128 people experiencing food poverty with an average of 178 kg of food each week, as well as offering additional support, signposting and providing financial support totalling £3,740 in small grants to families, thanks to a partnership with Save the Children.
Our Stay & Play babies and toddlers group has become a thriving space for up to 40 carers and their children each week, with programmes around play, learning and school preparedness, leading us up to a full summer of activities for families in the following financial year.
Other programmes we hosted were a winter community day for over 200 people, a family film night, After School club, English Language Cafe and Digital Skills Group. Manchester Vineyard volunteers give an average of 70 hours a week to our programmes.
The Cafe, run in partnership with Pure Innovations, served 4,440 hot drinks, 1,785 slices of cake and 3,464 meals and gave away an average of 25 free meals each week to someone who couldn’t afford to eat.
We welcomed 25 external groups making regular bookings for programmes or office hire relating to wellbeing or community support, as well as hosting larger recurring events such as the NHS Flu Jab Family Day, seeing many local families able to stay well and healthy over the winter.
International projects
We have continued to offer support in an overseas capacity to our partner projects in Kenya and Albania, including donating towards a church and community building in Albania to ensure they are able to continue the work they do in their community.
Future Plans
Our future plans are to build on the vision and developments we have already been working on;
Firstly, in addition to continuing last year’s focus of developing our leadership training pipeline, we have now also launched a Church Planting Academy and are intentionally developing and training potential church planters in addition to potential leaders who will become essential to facilitating our further growth as a church.
Secondly, our team is continuing to explore options to secure permanent/longer-term premises to facilitate the workings of the church. As we continue to face various infrastructure challenges, finding such a facility will be a crucial springboard for not only maintaining but growing what we are doing.
We continue to have a growing group of people who are committed to fulfilling Manchester Vineyard’s vision, and we are therefore working to ensure we have the foundations in place for all that lies ahead for us as we serve our city and our God.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
Volunteers
We actively encourage people to volunteer their time and get involved serving the church. We could not operate and do everything we do without the generosity and dedication of those who diligently serve each year.
Throughout the year we had opportunities for voluntary hours both in support of Sunday, mid-week activities, administration and in our project 422.
Active volunteers - 147
Total volunteer hours for the year – 23,950
Financial Review
The trustees, after appropriate review, have a reasonable expectation that the church has adequate resources to continue in operational existence for the foreseeable future.
Income received by the charity for the period ending 31[st] July 2023 totalled £774,305 (2022: £560,020), a growth of 38%. This included restricted income totalling £399,033 (2022: £331,224). Expenditure for the period amounted to £882,256 (2022: £505,611), resulting in a deficit of £107,951 (2022 was a surplus of £54,409).
Going Concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Fund Raising
Manchester Vineyard is very careful and sensitive in how we raise funds. The church does not employ or work with professional fundraisers, nor do we solicit donations on the street, via phone calls or letters. We invite those who are part of our church to support the work and where a person is not able to financially support the work we respect this.
Generosity is an important part of our understanding of God’s character and his will for us is to flourish in this area.
This is taught with care at various points in the year during our weekly Sunday service. It is very important to us that an individual never feels compelled to give and we are always clear that whatever they may decide to give is between them and God.
Pay Policy
A remuneration committee makes recommendations to the trustees for the salary scales for all staff and for specific salaries on those scales for senior staff. The trustees consider the recommendations for any individuals in their absence.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
Risk Management
The Trustees have implemented appropriate policies to manage the internal finances of the charity. The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include:
-
a) an annual Budget considered by the Trustees; and
-
b) regular consideration by the Trustees of financial reports; and
-
c) delegation of authority and segregation of duties; and
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d) Identification and management of risks.
The trustees aim to review on a regular basis the adequacy of the system and the main risks that the Church may find arising. The trustees believe that maintaining the free reserves, combined with appropriate reviews of the controls over key financial systems, provides sufficient resources in the event of unexpected adverse conditions.
Summary
The Trustees consider that they have complied with the Charities Act 2011 and that the church and its membership are meeting the charitable objectives that were determined when the church was formed. As it grows, it is expected that the church’s community will have further opportunities to increase its activity and influence.
Reserves Policy
The reserves policy set by the Trustees is to carry net unrestricted income equal to a minimum of 6 months’ committed expenditure. Committed expenditure includes Sunday venue costs, all salary costs plus any direct debits. At 31[st] July 2023, the 6-month committed expenditure amount was £88.0k. Unrestricted net income at the year-end were £146.1k and the Trustees are happy that this amount is well above the policy set.
Trustees’ approval of the annual report
The annual report was approved by the trustees on 7[th] May 2024
[as signed]
Paul Bevan
Signed on behalf of the trustee board.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31[st] JULY 2023
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July 2023.
Responsibilities and Basis of Report
As the trustees of the charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the charities gross income exceed £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no 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 charity as required by section 130 of the 2011 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.
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work or for this report.
[as signed]
Signed: Jonathan Wilson FCA CTA
Dated: 7[th] May 2024
Chartered Accountant - ICAEW
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
STATEMENT of FINANCIAL ACTIVITIES
For the year ended 31[st] July 2023
| Notes Incoming resources: Donations and legacies 2 Grants 3 Charitable Activities Investments Trading Activities Total incoming resources Resources expended: Charitable activities 4 Cost of Trading Total resources expended: Net surplus for the year Transfer between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted Funds Restricted Funds Total Funds 2023 £ £ £ 257,860 11,085 268,945 - 387,948 387,948 55,145 - 55,145 772 - 772 61,495 - 61,495 375,272 399,033 774,305 255,038 484,629 739,667 110,481 32,108 142,589 365,519 516,737 882,256 9,753 (117,704) (107,951) (8,736) 8,736 - 1,017 (108,968) (107,951) 145,075 177,454 322,529 146,092 68,486 214,578 |
Unrestricted Funds Restricted Funds Total Funds 2022 £ £ £ 181,605 78,518 260,123 - 252,706 252,706 9,628 - 9,628 16 - 16 37,547 - 37,547 |
|
|---|---|---|---|
| 228,796 331,224 560,020 |
|||
| 177,503 256,872 434,375 48,211 23,025 71,236 |
|||
| 225,714 279,897 505,611 |
|||
| 3,082 51,327 54,409 (41) 41 - |
|||
| 3,041 51,368 54,409 |
|||
| 142,034 126,086 268,120 |
|||
| 145,075 177,454 322,529 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure has arisen from continuing operations.
The notes on page 13 to 24 form part of these accounts.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
BALANCE SHEET
As at 31[st] July 2023
| Notes Fixed Assets Tangible assets 7 Current Assets Debtors 8 Cash at Bank Total Current Assets Creditors Amounts falling due within one year 9 Net Current Assets Amounts falling due after one year 10 Total Net Assets Represented by: Unrestricted funds Restricted funds Total funds |
Unrestricted Funds Restricted Funds Total Funds 2023 £ £ £ 32,772 - 32,772 25,572 - 25,572 139,895 68,486 208,381 165,467 68,486 233,953 30,206 - 30,206 135,261 68,486 203,747 21,941 - 21,941 146,092 68,486 214,578 146,092 - 146,092 - 68,486 68,486 146,092 68,486 214,578 |
Unrestricted Funds Restricted Funds Total Funds 2022 £ £ £ 28,604 - 28,604 11,543 1,019 12,562 151,048 176,435 327,483 |
|
|---|---|---|---|
| 162,591 177,454 340,045 17,972 - 17,972 |
|||
| 144,619 177,454 322,073 28,148 - 28,148 |
|||
| 145,075 177,454 322,529 |
|||
| 145,075 - 145,075 - 177,454 177,454 |
|||
| 145,075 177,454 322,529 |
The notes on page 13 to 24 form part of these accounts.
The financial statements were approved by the trustees on 7[th] May 2024 and were signed on its behalf by:
[as signed]
Paul Bevan
Trustees
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
CASHFLOW STATEMENT
For the year ended 31[st] July 2023
| Cashflow from operating activity Net (outgoing) / incoming resources for the year Adjustments for: Depreciation Profit on disposals Increase in debtors Increase in creditors Net Cashflow from operating activities Cashflow from investing activities Payment to acquire fixed assets Net cashflow from investment activities Cashflow from financing activities Repayments of borrowings Net cash from financing activities Net (decrease) / increase in cash in the year Cash at the beginning of the year Cash at the end of the year |
2023 2022 £ £ (107,951) 54,409 9,078 7,313 - 4,106 (13,010) (2,230) 12,234 4,148 |
|---|---|
| (99,649) 67,746 |
|
| (13,246) (23,010) |
|
| (13,246) (23,010) |
|
| (6,207) 37,037 |
|
| (6,207) 37,037 |
|
| (119,102) 81,773 327,483 245,710 |
|
| 208,381 327,483 |
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
1) Accounting Policies
The financial statements have been prepared in accordance with applicable accounting standards in the United Kingdom (FRS 102), the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and with the Charities Act 2011. The financial statements are prepared on a going concern basis and the accounting policies have been applied consistently, other than where new policies have been adopted. The charity meets the definition of a public benefit entity as set out in FRS 102.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (accounts and Reports) Regulation 2008 only to the extent required to provide a ‘true and fair’ view. The departure has involved following the Charities SORP (FRS 102) published on 16[th] July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1[st] April 2005 which has since been withdrawn.
a) Fund accounting
Unrestricted Funds: These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds: These are unrestricted funds earmarked by the trustees for particular purposes. 15% of our voluntary income is set apart to be given away or spent on activities which benefit those outside our church. There is no legal obligation to set apart these funds; this is simply a long-term policy agreed by the trustees.
Restricted funds: These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
b) Income
Income is composed principally of donations by Church members and gift aid reclaimed on donations where eligible. The nature of the Church’s regular income means that income is brought into account only when the income is received. Gift aid reclaimed is recognised in the financial period to which it relates.
Income from any other activities is recognised when earned.
Investment income is recognised on a receivable basis and arises from interest bearing deposit accounts.
c) Voluntary Help and Gifts in kind
The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these accounts as they cannot be reliably measured.
Donated goods and services, where significant, are included in income at an estimate of their value to the charity. An expense is recognised as those goods, facilities and services are consumed or distributed to beneficiaries.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
1) Accounting Policies (Continued)
d) Expenditure
Expenditure, including irrecoverable VAT, is recognised 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.
Charitable activities is accounted for on an accruals basis, the costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
e) Government Grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the statement of financial activities as the related expenditure is incurred.
f) Taxation
The Church is a registered charity, and as such, is entitled to certain exemptions on income and profits from investments and surplus on any activities carried on in furtherance of the Church’s primary objectives, based on the assumption that these surpluses are applied solely for charitable purposes.
g) Tangible Fixed Assets
Fixed Assets are recorded at cost of purchase less accumulated depreciation. The Church generally capitalises assets which meet or exceed a de minimis value of £250 and are likely to have a useful economic life of more than one year.
Depreciation is charged at the following annual rates, commencing in the year of acquisition at rates estimated to write off their cost, less any estimated residual value, over their expected useful lives.
Motor vehicles: 20% straight Line, accrued from the month of purchase. Other assets: 15% straight Line, accrued from the month of purchase.
h) Debtors & Creditors
The Church recognises all transactions on an accruals basis, which is to say that all sums due to or from the Church are included in the year which they occurred. If they have not been paid or received, they are included as a debtor or creditor.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
1) Accounting Policies (Continued)
i) Pensions
The church operates a defined contribution pension scheme, contributions payable to the scheme are charged to the Statement of Financial Activities in the period to which they relate.
j) VAT
Manchester Vineyard is registered for VAT. VAT is not recoverable in respect of the charitable part of Manchester Vineyard's activities. VAT is recoverable in respect of the portion of Manchester Vineyard's activities which are defined as business activities for VAT purposes.
Where applicable Manchester Vineyard claims a portion of the VAT on expenditure based on the proportion of business to charitable activity that we undertake as agreed with HMRC.
Expenditure classified as charitable in nature is therefore shown in these financial statements inclusive of the VAT that we are unable to reclaim.
k) Going concern
The trustees have determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern.
l) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments, which are initially recognised at transaction value and subsequently measured at their settlement value.
m) General information
Manchester Vineyard is a charitable incorporated organisation registered in England, registered number CE005409, and charity registered number 1165564.
n) Critical accounting estimates and assumptions:
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are discussed below.
Critical areas of judgement:
Depreciation of tangible fixed assets:
Determining the appropriate rate of depreciation of tangible fixed assets requires an estimate of the useful economic life and ultimate net realisable value. The useful economic life is determined to be the period during which each asset will be usable.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
2) Donations and legacies
The majority of the incoming resources are donations from Church members.
| Income from donations Gift Aid |
Unrestricted Funds Restricted Funds Total Funds 2023 £ £ £ 216,090 9,290 225,380 41,770 1,795 43,565 257,860 11,085 268,945 |
Unrestricted Funds Restricted Funds Total Funds 2022 £ £ £ 149,668 70,136 219,804 31,937 8,382 40,319 |
|
|---|---|---|---|
| 181,605 78,518 260,123 |
3) Grants Income Received
| Unrestricted Funds Restricted Funds Total Funds 2023 £ £ £ Manchester City Council - 200 200 Sports England – Lottery Fund - 12,150 12,150 National Lottery Fund - 215,156 215,156 One Manchester - 5,400 5,400 Great Places - 5,000 5,000 The Charity Services - 1,450 1,450 GMCVO - - - Postcode Neighbourhood Trust - - - Oglesby Charitable Trust - 30,000 30,000 Travis Perkins - - - Asda - 5,000 5,000 Manchester Guardian Society Trust - - - Manchester Wellbeing Fund - - - Arnold Clark - - - Coop - 2,187 2,187 Forever Manchester - - - Manchester BME Network - - - |
Unrestricted Funds Restricted Funds Total Funds 2022 £ £ £ - 19,476 19,476 - 5,123 5,123 - 100,944 100,944 - - - - - - - - - - 10,000 10,000 - 16,000 16,000 - 70,000 70,000 - 2,478 2,478 - 20,000 20,000 - 3,500 3,500 - 2,585 2,585 - 1,000 1,000 - 340 340 - 100 500 - 500 500 |
|---|---|
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
| Edward Holt Trust Viridor Beatrice Lang Trust Tesco Save The Children Other |
- 66,000 66,000 - 30,820 30,820 - 5,000 5,000 - 500 500 - 9,085 9,085 - - - - 387,948 387,948 |
- - - - - - - - - - - - - - - - 660 660 |
|
|---|---|---|---|
| - 252,706 252,706 |
4) Resources expended
| Gathering & Events Training & Conferences Pastoral Outreach & giving Staff Costs 422 Project Renovation Administration |
Unrestricted Funds Restricted Funds Total Funds 2023 £ £ £ 80,538 - 80,538 9,143 - 9,143 2,906 - 2,906 25,612 8,281 33,893 99,927 - 99,927 - 476,348 476,348 36,912 - 36,912 255,038 484,629 739,667 |
Unrestricted Funds Restricted Funds Total Funds 2022 £ £ £ 52,931 - 52,931 4,183 - 4,183 1,958 - 1,958 17,277 38,005 55,282 64,526 - 64,526 - 218,867 218,867 36,628 - 36,628 |
|
|---|---|---|---|
| 177,503 256,872 434,375 |
5) Governance Costs
The costs of governance is included in resources expended and is as follows:
| Total 2023 £ 15,777 |
Total 2022 £ |
|---|---|
| 12,392 |
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
6) Staff Costs
An analysis of staff costs is as follows:
| Wages and Salaries Employer’s national Insurance Employer’s pensions contributions |
Total 2023 £ 114,969 8,053 5,302 128,324 |
Total 2022 £ 91,616 6,851 4,440 |
|---|---|---|
| 102,907 |
No employees received employment benefits of more than £60,000 in either in the current or preceding year.
| An analysis of average no. of employees is as follows: Pastoral Operational The average number of employees during the year was An analysis of average full time equivalent of employees is as follows: Pastoral Operational The number of full-time equivalent staff was |
Total 2023 3.5 9.8 13.3 Total 2023 1.5 2.8 4.3 |
Total 2022 4.0 6.1 |
|---|---|---|
| 10.1 | ||
| Total 2022 1.7 2.0 |
||
| 3.7 |
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
7) Key management
An analysis of staff costs is as follows:
| Wages and Salaries Employers national Insurance Employers’ pensions contributions |
Total 2023 £ 82,912 7,513 4,086 94,511 |
Total 2022 £ 76,965 6,817 3,835 |
|---|---|---|
| 87,617 |
There are currently 4 members of staff (2022 – 4), the trustees consider to be key management; Paul & Steph Lowe, Matthew Patkai and Naomi Woodcock.
8) Tangible Fixed Assets
| Cost Brought forward Additions in the year Carried forward Depreciation Brought forward Charge for the year Carried forward Net Book Value at 31st July 2023 at 31stJuly 2022 |
Media & Sound Equipment Office Equipment Other Equipment Total £ £ £ £ 32,499 9,768 6,485 48,752 3,627 4,698 4,921 13,246 |
|---|---|
| 36,126 14,466 11,406 61,998 |
|
| 11,233 5,657 3,258 20,148 5,279 2,140 1,659 9,078 |
|
| 16,512 7,797 4,917 29,226 |
|
| 19,614 6,669 6,489 32,772 |
|
| 21,266 4,111 3,227 28,604 |
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
9) Debtors
| Gift Aid debtor Prepayments Other debtors |
Total 2023 £ 3,890 2,663 19,019 25,572 |
Total 2022 £ 5,070 - 7,492 |
|---|---|---|
| 12,562 |
The gift aid tax refund owed at the year-end were received in the months following the end of the year.
10) Creditors – amounts falling due within one year
| Accruals Pensions Taxation and social security Loan within one year Other creditors |
Total 2023 £ 14,649 1,248 5,420 8,889 - 30,206 |
Total 2022 £ 5,554 131 2,463 8,889 935 |
|---|---|---|
| 17,972 |
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
11) Creditors – amounts falling due after one year
| Loan after one year Included within the above are amounts falling due as follows: Between one and two years Loan Between one and two years Loan inancial Instruments Financial assets Financial assets measured at fair value through income and expenditure Financial assets measured at amortised cost Financial liabilities Financial liabilities measured at amortised cost |
Total 2023 £ 21,941 Total 2023 8,889 13,052 Total 2023 £ 208,381 17,198 225,579 45,478 |
Total 2022 £ |
|---|---|---|
| 28,148 | ||
| Total 2022 8,888 |
||
| 19,260 | ||
| Total 2022 £ 327,483 2,885 |
||
| 330,368 | ||
| 42,590 |
12) Financial Instruments
Financial assets measured at fair value through income and expenditure comprise bank and cash balances. Financial assets measured at amortised costs comprise trade debtors.
Financial liabilities measured at amortised cost comprise accruals and bank loans and overdraft.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
13) Analysis of movement in funds
| Restricted Funds For the City 422 Manchester Project Build for the future Food Bank on Wheels Acts 2 – In-Need Response Other Unrestricted Funds Total Restricted Funds For the City 422 Manchester Project Build for the future Food Bank on Wheels Acts 2 – In-Need Response Other Unrestricted Funds Total |
Opening balance 2022 Incoming resources 2023 Outgoing resources 2023 Transfers 2023 Closing balance 2023 £ £ £ £ £ 25 270 - - 295 127,489 387,947 509,076 8,736 15,096 44,043 2,796 621 - 46,218 3,333 85 - - 3,418 1,345 388 1,311 - 422 1,219 7,547 5,729 - 3,037 |
|---|---|
| 177,454 399,033 516,737 8,736 68,486 |
|
| 145,075 375,272 365,519 (8,736) 146,092 |
|
| 322,529 774,305 882,256 - 214,578 |
|
| Opening balance 2021 Incoming resources 2022 Outgoing resources 2022 Transfers 2022 Closing balance 2022 £ £ £ £ £ 105 330 410 - 25 103,096 277,705 253,312 - 127,489 - 49,043 5,000 - 44,043 3,333 - - - 3,333 19,565 2,555 20,775 - 1,345 (13) 1,591 400 41 1,219 |
|
| 126,086 331,224 279,897 41 177,454 |
|
| 142,034 228,796 225,714 (41) 145,075 |
|
| 268,120 560,020 505,611 - 322,529 |
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
Restricted Funds and the use of these funds are as follows:
For the City: To fund compassion projects in Manchester. 422 Manchester Project: An ongoing project to acquire and renovate a building leased from Manchester City Council to facilitate outreach work in the local community. Build for the future: To fund the future growth and expansion of Manchester Vineyard objectives. Food Bank on Wheels: In partnership with Manchester City Council provide a food bank to support those in need in the local community. Acts 2 – In-Need Response: Support those in need in our city, church members and overseas projects in Albania, India, Kenya & Austria.
14) Transactions with trustees
None of the trustees received any fees for their services as Trustees. P Lowe and N Woodcock are Trustees and engaged in Ministry for the Church, for which employment costs of £54,754 (2022: £51,663) were made during the year, this includes all employer costs. Included in this amount, employer pension contributions of £2,353 (2022: £2,241) were made.
These payments are permitted by section 6 (2g) of the charities governing document.
Trustees or their family members were reimbursed for expenses incurred during the year in pursuit of various activities of the church. 2 trustees or related family members received expense reimbursements in the year (2022 - 3). Expenses reimbursed to trustees or related family members amounted to £38,142 (2022 - £29,982).
15) Transactions with related parties
The following is a summary of organisations and individuals, which are related to Manchester Vineyard together with details of the transactions made with them during the year.
Vineyard Churches UK & Ireland (Charity No. 1099748) connects churches with common values and practices, providing spiritual guidance and oversight to Vineyard church leaders. We use the name Vineyard with their permission and give them 5% of our voluntary income to help support their work, this totalled £11,490 (2022 £9,086)
We also employ staff for additional hours to carry out work on behalf of VCUKI and are reimbursed for this activity the amount refunded totalled £37,735 (2022 £37,673) in the year, these are not included in our staff costs in Note 6.
The charity received donations totalling £13,750 (2022: £15,188) from related parties, including any related gift aid (related parties includes the trustees, any other members of key management and anyone closely connected to them).
Remuneration in the year was paid to family members of the Trustee P Lowe who were employed in their own right employment costs totalling £23,466 (2022 £21,796) were made.
There are no further related party transactions to disclose apart from these above.
Manchester Vineyard
Annual Report and Financial Statements for the year ended 31[st] July 2023
NOTES to the FINANCIAL STATEMENTS
For the year ended 31[st] July 2023
16) Fund Transfers
Expenditure from prior years have been corrected in this year for cost that had been allocated to unrestricted funds rather than restricted funds.
17) Control
There is no ultimate controlling party.
18) Going Concern
The trustees have determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern.