Hope Vineyard Church Oxford Report and Accounts Year ended 31 August 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
Hope Vineyard Church Oxford LEGAL & ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 AUGUST 2024
ADDRESS FOR CORRESPONDENCE 58 Fern Hill Road Cowley Oxford OX4 2JP GOVERNING DOCUMENT CIO Constitution dated 11th July 2017 CHARITY REGISTRATION NUMBER 1173765 TRUSTEES RESPONSIBLE FOR Joshua Justin Kay MANAGING THE CHARITY Donna Andrea Bernard-Carlin David Mark Jackson Katherine Harriet Elam SENIOR PASTORS Joshua Justin Kay Katie Alexandra Kay INDEPENDENT EXAMINER Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB INDEX Page 1 Legal & Administrative Details Pages 2-9 Trustees' Report Page 10 Independent Examiner's Report Page 11 Receipts and Payments Account Page 12 Statement of Assets & Liabilities Pages 13-14 Notes to the Accounts
Page 1
Trustees' Annual Report for the period From Period start date T Period end date 01 Sept 2023 o 31 Aug 2024 Section A Reference and administration details Charity name Hope Vineyard Church Oxford (CIO) Other names charity is known by Hope Vineyard, Hope Vineyard Oxford, Hope Oxford Registered charity number (if any) 1173765 Charity's principal address 58 Fern Hill Road Cowley Oxford Oxfordshire Postcode OX4 2JP Names of the charity trustees who manage the charity Name of person (or body) Dates acted if not Trustee name Office (if any) entitled to appoint trustee for whole year (if any) ~~a~~ 1 Joshua Justin Kay Chair of Trustees ~~ee~~ 2[Donna Andrea Bernard-] Carlin 3 David Mark Jackson 4 Katherine Harriet Elam ~~—<—_——~~ Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year n/a ~~=SS~~ Names and addresses of advisers (Optional information) Type of adviser Name Address Finance Specialist Andy Nash andy@enaidaccountancy.co.uk ~~—~~ Name of chief executive or names of senior staff members (Optional information) Joshua Justin Kay and Katie Alexandra Kay (Leaders of Hope Vineyard) ~~re~~ TAR
Page 2
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Constitution (11/07/2017)
- (eg. trust deed, constitution)
How the charity is constituted
Charitable Incorporated Organisation (CIO)
- (eg. trust, association, company)
Trustee selection methods
Appointed by the Board of Trustees
- (eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
● policies and procedures adopted for the induction and training of trustees;
-
the charity’s organisational
-
structure and any wider network with which the charity works;
-
relationship with any related
-
parties;
-
trustees’ consideration of
-
major risks and the system and procedures to manage them.
The Board of Trustees are responsible for all policies and procedures. Key policies such as the ‘Safeguarding Everyone’ Policy and the CIO’s finance procedure, are reviewed regularly by the Board. To enable meaningful discussions about these key documents, the review of the majority of the policies and procedures has been delegated to the Leaders of Hope Vineyard, who are accountable to the Board.
Hope Vineyard is affiliated to Vineyard Churches UK and Ireland (VCUK&I) and a member of the Evangelical Alliance. With the introduction of GDPR, Hope Vineyard Oxford has been registered with the Information Commissioner’s Office (ICO) since 18/05/2018.
Safeguarding and finance are recurring items on the agenda. In addition, the board has developed a yearly pattern for the quarterly meetings with a different focus to enable greater depth of conversation and consideration of risk.
As a matter of note, within Oxford there are currently two Vineyard Churches from VCUKI (https://www.vineyardchurches.org.uk); Hope Vineyard Oxford, which was established in 2017, and Oxford Vineyard Church, which began in the 1990s.
| Section C Objectives and activities |
Section C Objectives and activities |
|---|---|
| Summary of the objects of the charity set out in its governing document |
|
| The objects of the CIO for Hope Vineyard Church Oxford are: (a) To advance the Christian faith in accordance with the Statement of Faith (VCUK&I) in Oxfordshire and such parts of the United Kingdom or the world and in such ways as the Trustees may from time to time think fit; (b) To relieve persons who are in conditions of need or hardship by reason of their youth, age, ill-health, disability, financial or other disadvantage and to relieve the distress caused thereby in Oxfordshire and such other parts of the United Kingdom or the world as the Trustees may from time to time think fit; (c) To promote and fulfil such other charitable purposes beneficial to the community in Oxfordshire and such other parts of the United Kingdom or the world as the trustees may from time to time think fit. |
TAR
Page 3
Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)
Appointment of the Board of Trustees:
-
The Board of Trustees, which first met on 18[th] April 2017, encompasses specialist experience in; the charitable sector, safeguarding, pastoral ministry and business innovation. Given specialist finance experience was not within the skill mix, an adviser to the board was sought.
-
Within the constitution, it is stated that it is the duty of each of the charity trustees to:
-
a. to exercise his or her powers and to perform his or her functions in his or her capacity as a trustee of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO; and b. to exercise, in the performance of those functions, such care and skill as is reasonable in the circumstances having regard in particular to: i.any special knowledge or experience that he or she has or holds himself or herself out as having; and,
-
ii.if he or she acts as a charity trustee of the CIO in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession.
Summary of Activities:
The financial year, September 2023 to the end of August 2024, has been a year when Hope Vineyard has continued to grow in both our community impact and the numbers of people involved with different activities.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
This year we have continued to operate from the premises we lease in Templars Square Shopping Centre, Cowley, Oxford. We are thankful to the management team and landlord who continue to support our work.
Core community:
-
Sunday Mornings at Hope: We meet once a week as a whole church community. In our Sunday Services, we have looked at subjects such as living simply as a spiritual practice, and books of the Bible, such as Lamentations. Children of primary school age meet for their own programme of activities during the services. Sunday Breakfasts are now once a month with free food for everyone and activities linked to a topical theme.
-
Simply Worship continued monthly on a Sunday evening.
-
Weekly Tuesday Morning Prayer and ‘ Life Groups ’ have also continued. These are smaller groups of people meeting during the week to get to know each other better and practice living like Jesus, together. Life Groups expanded from one to two groups this year with the new group held on a Saturday to allow more people, including families with children, to attend.
-
Youth . Our young people continue to meet twice a month with a variety of games, snacks and a short time of focus to engage with and talk about a relevant topic of their choice that tackles life’s bigger and sometimes smaller questions. This is happening on a Sunday during the service.
-
Students. Funmi , our student’s pioneer, continued to experiment with creative ways to help young adults at university engage with God and faith. She stepped down from her role in January 2024 to pursue new career opportunities.
-
We organised a 12 hour-long prayer space in January. People could book hour-long slots and use a range of creative mediums to pray for Oxford and the nations.
-
Vision Sunday was held on 12th May. Alongside sharing key information on finances and activities we shared our focus for the
TAR
Page 4
year being on living in a way that makes space for opportunities to connect with God and others around us.
-
We hosted our first ‘Weekend Together’ in June 2023. As a church family we spent the weekend together, socialising, playing, eating, worshipping and praying.
-
We ran the second year of the Vineyard Churches Essentials Course for aspiring leaders. We met monthly until July 2024 when the course ended to watch content and discuss the theme for the session.
-
We started Sunday Lunches to allow us more time together as a community.
-
Wider Community Impact:
-
‘
-
• Small Steps ’, our children’s clothes and equipment resource,
-
serves families from the local area and further afield with items that have been generously donated. It has continued to grow responding to the referrals received, and there have been new volunteers who support the project, often on a weekly basis. The staff team has remained in place with a Small Steps Assistant role, Referrals Coordinator and Hope Projects Lead. Small Steps has also seen shop sales increase over the year. These sales contribute towards funding the running costs of the project.
-
Christmas Present Appeal : We hosted the Salvation Army’s Christmas Present Appeal from our venue. It was a privilege to invite the community to respond, and hundreds of new presents and wrapping paper were given through local professionals/ support workers, to parents who otherwise would have struggled to give their children gifts at Christmas time.
-
We organised our third Christmas Carol Service in the middle of Templars Square Shopping Centre where passersby were invited to sing Carols, enter the Christmas jumper competition, eat mince pies and engage in the Christmas story.
-
The Passion Play on Palm Sunday was a collaboration with 3 other churches and saw us welcome over 100 people to Hope Oxford, for a theatre production by the LAMPS company https://lampscollective.com/the-passion. It was a moving portrayal of Jesus' road to the cross.
-
• Easter Egg Hunt- We hosted this free event for local families in the shopping centre. Over 250 Easter eggs given away. On Easter Sunday we gathered for an all age gathering, which was shared with our extended church family at Oxford Vineyard Church.
-
Bags of Fun baby and toddler group. This continued once a month offering a story and song time, snack and plenty of toys for preschool aged children. We also introduced a new all age/family friendly volunteering slot each week.
-
We held a Gift day on 14th July, and raised money for Hope Projects, a missionary family’s ministry in Oxford, and two initiatives in South-East Asia, (The 'Joy Centre' and 'Community Care Myanmar'). Both of these projects provide life changing care and support to marginalised people groups.
Other activities/ Areas:
Engaging in VCUK&I Conferences: A small number of people from Hope attended national VCUKI conferences and events this year.
Engaging in Local Church Network: Josh Kay continues to meet regularly with local church leaders in Cowley and Oxford.
TAR
Page 5
Regional Roles: Katie Kay (Lead Senior Pastor) continues her role supporting the VCUKI Multiply Team within the South Central Region. Josh Kay (Lead Senior Pastor) continues to be involved in the conversation about racial diversity as a trans-local leader within the Vineyard Movement.
Governance: Hope Vineyard Trustees Nights continued quarterly. Josh and Katie continued attending gatherings with the South Central Region of Vineyard Senior Pastors, for oversight and connection. Additionally, they attend the Vineyard Senior Pastors Zoom Evening, receive monthly updates from VCUKI and spiritual direction.
Additional details of objectives and activities (Optional information)
You may choose to include Employment & Volunteers: At year end August 2024, Employed staff further statements, where were as follows: relevant, about: Josh Kay (Lead Senior Pastor overseeing Hope Projects - 7 hours pw) ● policy on grantmaking; Katie Kay (Lead Senior Pastor overseeing Bible Teaching - 7 hours pw) Julie Stephenson (Children and Families Lead- 3.5 hours pw) ● policy programme Julie Stephenson (Hope Projects Lead - 14 hours pw), related investment; Charlotte Pearson-Miles (Referrals Coordinator - 7 hours pw) ● contribution made by Kimberley O`callaghan (Small Steps Assistant - 16 hours pw, Term time) Finance/Bookkeeping had been outsourced volunteers.
Josh Kay (Lead Senior Pastor overseeing Hope Projects - 7 hours pw) Katie Kay (Lead Senior Pastor overseeing Bible Teaching - 7 hours pw) Julie Stephenson (Children and Families Lead- 3.5 hours pw) Julie Stephenson (Hope Projects Lead - 14 hours pw), Charlotte Pearson-Miles (Referrals Coordinator - 7 hours pw) Kimberley O`callaghan (Small Steps Assistant - 16 hours pw, Term time) Finance/Bookkeeping had been outsourced (www.enaidaccountancy.co.uk) Administration outsourced to JWB Virtual Administration
The number of regular volunteers increased to around 35, who are volunteering on a monthly basis. Many more volunteers engage in the various activities and community projects including those listed above.
The ‘General Giving’ Fund of Hope Vineyard has continued to be funded through the generosity of individual donors, and specific funds continue to exist to manage projects. For instance, the Hope Projects Team (including Small Steps) is funded through restricted funding, which includes specific donations to Small Steps through grants and customers who chose to buy pre-loved clothes to support this project.
We are grateful to all who volunteer and partner with us through grants/ fundraising/ generously giving to enable Hope Vineyard to better provide for those within the community of Hope and also enabling us to also reach out to others.
TAR
Page 6
Section D Achievements and performance
Summary of the main achievements of the charity during the year
Summary of Achievements: More details are available on the website https://hopeoxford.org/ and photos of activities can be seen on instagram https://www.instagram.com/hopeoxford. Achievements are listed in relation to the objects of the charity:
1) To advance the Christian faith
- The ‘summary of activities’ demonstrate the more regular and more creative ways that Jesus’ love have been shared; practically in meeting physical needs, emotionally in providing a network of support, and also spiritually through Sunday gatherings, and other core community activities.
Hope Vineyard is a well connected church family that really cares for each other and the wider community, practically demonstrating Jesus’ teachings and love in action.
2) To relieve persons who are in conditions of need or hardship by reason of their youth, age, ill-health, disability, financial or other disadvantage and to relieve the distress caused thereby
-
Hope Vineyard continues to step into opportunities and the generosity from within and the wider community has facilitated various community projects, including:
-
Small Steps - providing children’s clothes and equipment
-
○ Partnering with The ‘Salvation Army’s’ Christmas Present Appeal - providing presents/wrapping paper for families experiencing financial hardship.
-
Bags of Fun - baby and toddler group, providing community and support for those parents/carers to foster community.
-
Parties/Events where an active community invitation is made, for 4 events over the year, celebrating Autumn, Christmas, Easter, and the Summer season.
-
Additionally, it remains to be true that each of us that calls Hope Vineyard our spiritual home, has the opportunity to put into practice the example of Jesus, as we reach out to those around us in our personal lives; in our neighbourhoods, and spheres of influence.
3) To promote and fulfil such other charitable purposes beneficial to the community in Oxfordshire and such other parts of the United Kingdom or the world as the trustees may from time to time see fit.
As a Vineyard Church, we continue to make a 5% contribution of our general income to support the work of Vineyard Churches UK and Ireland (VCUKI). In addition, we have given a one-off gift at the annual Vineyard Conference.
Outside the Vineyard network, we have continued our small but regular donations to Love the One charity, whose work is in India (http://www.lovetheone.org/).
Locally in Oxfordshire, we have contributed to Hope Projects, including Small Steps, providing both administrative support and oversight. Additionally, a separate restricted fund exists for Hope Projects, which impacts those outside of Hope Vineyard Oxford.
TAR
Page 7
At the end of the financial year, 22% of general giving (including gift aid), a total of £10,994, has been designated for activities outside of Hope. A significant proportion of this money has been spent during the year, and once the full VCUKI 5% contribution has been made, then the remainder will be allocated. This year we anticipate supporting specific appeals as when they appear, and also utilising some of this fund to support the growth of Hope Projects, Small Steps, and other community projects.
More pictures and details of events can be found through the following link: https://www.instagram.com/hopeoxford/
Section E Financial review
Brief statement of the The Board of Trustees have agreed that 3 months running costs reserves charity’s policy on reserves should consistently be set aside for the security of the charity. The current general reserves of £27,325 are more than sufficient to cover this.
Details of any funds materially None in deficit Further financial review details (Optional information) Those who call Hope Vineyard their community or home, are invited to You may choose to include join in by regularly using their time and finances to support the work of additional information, where the church/charity. relevant about: ● the charity’s principal In this 12 month period, the charity has been funded by total income of sources of funds (including any £70,283 of which £49,974 related to general/unrestricted donations . fundraising); ● how expenditure has supported the key objectives of the charity; ● investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
For more information about VCUKI, please see https://www.vineyardchurches.org.uk/
TAR
Page 8
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Josh Kay Josh Kay (May 19, 2025 17:33 GMT+1) Full name(s) Joshua Justin Kay
Position (eg Secretary, Chair, etc) Chair of Trustees Date May 19, 2025
TAR
Page 9
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
Hope Vineyard Church Oxford
I report to the trustees on my examination of the accounts of Hope Vineyard Church Oxford ('the charity') for the year ended 31 August 2024 on pages 11-14 following.
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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the 2011 Act; or 2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sarah Crispin
Sarah Crispin (May 20, 2025 09:29 GMT+1)
Sarah Crispin ACA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: May 20, 2025
Page 10
Hope Vineyard Church Oxford
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
| Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | |||||
| Funds | Funds | Funds | 2024 | 2023 | |||
| Notes | £ | £ | £ | £ | £ | ||
| Income receipts | |||||||
| Donations | 38,817 | - | 2,924 | 41,741 | 47,749 | ||
| Gift aid receipts | 11,157 | - | - | 11,157 | 10,302 | ||
| Government grants | - | - | 400 | 400 | - | ||
| Other grants | - | - | 4,644 | 4,644 | - | ||
| Small steps takings | - | - | 12,341 | 12,341 | 6,922 | ||
| Total receipts | 49,974 | - | 20,309 | 70,283 | 64,973 | ||
| Payments | |||||||
| Payments in relation to charitable | |||||||
| activities undertaken directly | 2 | 42,211 | 14,225 | 16,635 | 73,072 | 55,294 | |
| Grants paid in relation to charitable | |||||||
| activities undertaken by others | 3 | - | 3,585 | 9,284 | 12,869 | 2,769 | |
| Total payments | 42,211 | 17,811 | 25,919 | 85,941 | 58,064 | ||
| Net of receipts / (payments) before | 7,763 | (17,811) | (5,610) | (15,658) | 6,909 | ||
| Transfers between funds | 5 | (11,000) | 10,994 | 6 | - | - | |
| Net movement in funds | (3,237) | (6,816) | (5,604) | (15,658) | 6,909 | ||
| Cash funds as at last year end | 30,562 | 28,731 | 17,432 | 76,725 | 69,816 | ||
| Cash funds at this year end | A | 27,325 | 21,915 | 11,827 | 61,067 | 76,725 |
The notes on pages 13 - 14 form part of these accounts.
Page 11
Hope Vineyard Church Oxford
STATEMENT OF ASSETS AND LIABILITIES
FOR THE YEAR ENDED 31 AUGUST 2024
| A Cash funds Cash at bank with immediate access Petty cash B Other monetary assets Gift aid due to charity Other debtors C Liabilities Falling due within one year Trade creditors Taxes due Fee for Independent Examination Accrued expenses |
General Designated funds funds £ £ 27,265 21,915 60 - 27,325 21,915 10,343 - - - 10,343 - 527 - 249 - 1,062 - 54 - 1,892 - Unrestricted Funds |
Restricted funds £ 11,827 - 11,827 - - - - - - - |
2024 £ 61,007 60 61,067 10,343 - 10,343 527 249 1,062 54 1,892 |
2023 £ |
|---|---|---|---|---|
| 76,665 60 |
||||
| 76,725 | ||||
| 10,851 - |
||||
| 10,851 | ||||
| 213 330 1,050 9,338 |
||||
| 10,931 |
D Assets retained for charity's own use
| Music and PA equipment Computers and IT Furniture |
Fund to which asset belongs General General General |
Cost £ |
|---|---|---|
| 1,659 1,695 7,428 |
||
| 10,781 |
E Guarantees and secured debts
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
Josh Kay Josh Kay (May 19, 2025 17:33 GMT+1) ----------------------------------------------------------------------------Joshua Justin Kay
May 19, 2025 Date:_____
The notes on pages 13 - 14 form part of these accounts.
Page 12
Hope Vineyard Church Oxford
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
1 Accounting policies
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
| 2 Payments in relation to charitable activities undertaken directly Ministry expenses Encounter Jesus (Sundays) Be Transformed (Life Groups) Transform the World (Reaching out to those in Need) Other ministry expenses Volunteer expenses Leadership expenses Property costs Support & admin costs Staff costs Small equipment costs Licences & Subscriptions Communications Other support & admin costs Insurance Legal & Professional fees Bank Charges 3 Grants paid in relation to charitable activities undertaken by others Grants for: UK Mission |
Unrestricted Fun General funds £ 5,291 333 - 1,529 66 2,604 1,572 21,052 274 1,980 - 2,264 664 3,634 948 42,211 - - |
ds Designated funds £ - - 771 832 - - - 12,622 - - - - - - - 14,225 3,585 3,585 |
Restricted Funds £ - - 744 69 - - - 15,736 - - - 86 - - - 16,635 9,284 9,284 |
Total 2024 £ 5,291 333 1,514 2,430 66 2,604 1,572 49,411 274 1,980 - 2,351 664 3,634 948 73,071 12,869 12,869 |
Total 2023 £ |
|---|---|---|---|---|---|
| 3,442 944 1,943 1,934 450 1,736 1,897 33,636 311 2,071 756 1,418 664 3,262 832 |
|||||
| 55,294 | |||||
| 2,769 | |||||
| 2,769 |
4 Transactions with related parties
During 2023/24, Joshua Kay served as a Senior Pastor and was paid £8,578 (2023: £5,933) for serving in that capacity, not for serving as a trustee. His spouse Katie Kay also served as a Senior Pastor and was paid £6,445 (2023: £5,933). Joshua and Katie also had travel costs reimbursed for a trip to Israel & Palestine £3913.14. All these payments are permitted by the charity's governing document.
Page 13
5 Movement of funds
| vement of funds | |||||
|---|---|---|---|---|---|
| General funds Designated funds Giving Fund Designated Grants Fund Restricted funds New Things Fund Small Steps Giving Back Grant for Racial Integration Giving Day Hope Projects Other restricted donations Total funds |
Balance at 31 Aug 2023 £ 30,562 15,615 13,116 28,731 3,663 4,312 9,284 - - - 172 17,432 76,725 |
Receipts £ 49,974 - - - 50 13,741 - 3,644 2,874 - - 20,309 70,283 |
Payments £ (42,211) (5,188) (12,622) (17,811) - (14,537) (9,284) (2,098) - - - (25,919) (85,941) |
Transfers £ (11,000) 10,994 - 10,994 - - - - (954) 960 - 6 - |
Balance at 31 Aug 2024 £ 27,325 21,421 494 |
| 21,915 | |||||
| 3,713 3,516 - 1,546 1,920 960 172 |
|||||
| 11,827 |
|||||
| 61,067 |
Designated Funds
The Giving Fund represents 22% of unrestricted donations and gift aid received during the year, which is recognised by the transfer from General Funds shown above. The Trustees are committed to spending this on activites which do not benefit Hope Vineyard Church directly.
The Designated Grants Fund is money received from unrestricted grants due to Covid 19, which the trustees have set aside to be spent on valuable projects/causes.
Restricted Funds
The New Things Fund was the result of a gift day in July 2020 and is to be used to equip and refurbish a new venue in Templars Square Shopping Centre Small Steps project is a childrens' clothes and equipment resource based in the Templars Square Shopping Centre.
The Giving Back initiative was funding received to support the provision of hot meals to ICU staff during the second COVID lockdown - the balance brought forward is due to the church currently awaiting receipts for expenses to allow those costs to be reimbursed. Giving Day Fund is for funds given towards Hope Projects, mission in Oxford and two projects in south East Asia
The Hopes Project Fund is to support the various projects carried our by Hope in the local community.
The Racial Integration Grant was funds received from Vineyard UK&I to support leading racial integration work across the country
Other restricted donations represents small one-off gifts for specific events/causes.
Page 14