Registered Charity no. 1175934
## **Falmouth Vineyard Church**
## **Trustees Annual Report and Accounts**
**Year Ended 31st December 2023**
## **Falmouth Vineyard Church**
**Year Ended 31st December 2023**
## **Contents Page**
||**Page**|
|---|---|
|Legal and Administrative Information|**1**|
|Trustee's Annual Report|**2**|
|Independent Examiners Report|**6**|
|Statement of Financial Activities|**7**|
|Statement of Financial Position|**8**|
|Notes to the Financial Statements|**9**|
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Legal and Administrative Information**
## **Reference**
The Charity is called “Falmouth Vineyard Church” and is registered with the Charity Commission for England and Wales as a charitable incorporated organisation (CIO). The charity was registered with the Charity Commission on the 27th of November 2017.
**Registered Charity Number** 1175934 **Registered Office** 8 Western Terrace Falmouth TR11 4WQ **Website** www.falmouthvineyard.org.uk **The Trustees** Alistair Lockwood Chair John Anderson Nathan Gilbert David Kite Helen Stevenson **Primary Bankers** The Co-operative Bank 8 St Nicholas Street Truro TR1 2RL **Independent Examiner** Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
1
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Trustee's Annual Report**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. 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**
To advance the Christian religion for the public benefit in accordance with the Statement of Faith in such parts of the United Kingdom and the world through
- The organisation and provision of Christian worship;
- The provision of such facilities and services as are appropriate for the church (charity) to enable it to fulfil its mission to the members of the church, visitors to the church and the local community and wider community;
- The provision of facilities for Christian training and service;
- The support and provision of Christian evangelism and outreach;
- The provision of assistance to the wider church in its ministries.
## **Public Benefit**
Falmouth Vineyard Church (FVC) is committed to enabling as many people as possible to worship at our church and to become part of the parish community at FVC. Our services and worship put faith into practice through prayer, the reading and outworking of scripture in our daily lives, music, sacrament, service to the local community and social gatherings. When planning our activities for the year, the lead pastors, Nathan and Ruth Gilbert and FVC have considered the Commission's guidance on public benefit and in particular, the specific guidance on charities for the advancement of religion.
In particular we try to enable ordinary people and the unchurched to develop a faith and live out their faith as part of our community through:
- Worship and prayer; learning about the gospel; developing their knowledge and trust in Jesus.
- Provision of pastoral care for people connected to the church.
- Missionary, community service and outreach work.
To facilitate this work various buildings are used including private homes and rented spaces; the Old Carpenter’s Shop and Unit X (Sail Loft) on Islington Wharf.
2
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Trustee's Annual Report**
## **Structure, Governance and Management**
The charity is legally structured as a Charitable Incorporated Organisation (CIO).
Trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. The charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **Achievements and Performance During the Year**
In 2023 Falmouth Vineyard Church continues to serve the congregation and the surrounding communities through worship, fellowship, teaching, prayer, giving and serving as an expression of the Christian faith of its congregation.
Sunday worship continues at its two premises on Islington Wharf. With numbers growing at the Sunday morning services, an additional evening service started in the autumn. The monthly worship meeting continues at Emmanuel Baptist Church and a new ‘All In’ family service also started, replacing the Café church meeting we had held previously. Morning meetings are still recorded and made available on YouTube for those unable to attend meetings in person.
Children’s church continues to grow and is well supported by a large team of helpers. Students from the local university are also welcomed and supported, with many taking a full part in the life of the church. Our church members also provide teaching at their Christian Union meetings and pastoral care is provided to help them meet the challenges of faith and witness.
Payroll staffing is largely unchanged from the previous year, but volunteer leaders and helpers continue to change and adapt as needed in response to personal circumstances and developments within the various teams and ministries. The mid-week small groups continue to provide fellowship, teaching and prayer support within the church with groups across Falmouth, Redruth and Truro.
The half dozen or so small groups have also been supplemented by other interest groups, offering an easy way to involve church and non-church people around a specific activity. These included a book group and other groups based around, kayaking and water sports, gardening, cycling and crafting. There were also specific teaching courses on the subjects of marriage and parenting.
Prayer continues to support all the work of the church, with a prayer room for private and group prayer at Islington Wharf. Regular prayer underpins the life of the church, with a specific meeting for the church youth, an early morning men’s prayer meeting and churchwide emergency prayer alerts. Regular prayer, both personal and corporate, is regularly encouraged.
3
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Trustee's Annual Report**
2023 saw an increase in the number of church members invited to preach at the Sunday service in addition to a number of preachers coming from other churches. These included previous UK leaders of Vineyard Churches, a time of great encouragement for church members and church leaders alike.
Many church leaders and members attended various conferences and Christian gatherings throughout the year for worship and teaching. The young people went to a couple of weekend youth events, adults and families attended general conferences in Nottingham and Wadebridge and there were conferences too on worship and youth leadership.
Falmouth Vineyard church’s remit also includes inviting people without a Christian faith to hear the good news of the gospel and to serve people outside the church community according to need, as an expression of God’s love. Various events were held throughout the year with this in mind. An Easter service and a Christmas carol service were held with music and drama in a local venue to which many invites were sent out, with more attending than in previous years. A Christmas song and carol sing-along was also arranged at one of the local pubs. Again, a children’s ‘Light Party’ was held as an alternative to Halloween which proved very popular to church children and their friends, and which included an unholy number of sweets and chocolates! A repeat of the previously held Alpha course, which introduces the teachings of Christianity to non and young believers, was held, this time in Redruth. The church also on several Sunday mornings went out to bless the local community in various ways, including a tree-planting session at a local school, litter picks, gardening and beach cleaning. Outside of these organised events, members are encouraged to develop in their giving, serving and witnessing, as part of each member’s walk of faith with the Lord Jesus.
Giving overall to the church has been steadily increasing which has enabled the work of the church to continue to grow. We have also benefitted from several generous grants to support the work that the church does. The two main outreach ministries of the church, Growbaby for pre-school children and Squidlets, a children’s playgroup, have been the recipients of these grants, as they have continued to grow. Growbaby, apart from their regular meeting on Tuesdays for stay-and-play and the clothing bank, now includes Growbaby Lite which meets alternate Fridays for parents with babes-in-arms, and Squidlets has now lifted the previous restriction on numbers attending their Thursday morning messyplay session.
Falmouth Vineyard church celebrated its 5th birthday back in February 2023 with so much to thank God for. Following the visit from the UK Vineyard leaders, the church has focused on the need to bring on new leaders to take the church forward in the coming years. In response, a leadership course has been initiated for current and potential leaders to help prepare for growth in the future. It is also hoped that we will be able to run another one-day a week discipleship course later in 2024 which will also help prepare us for further developments in the future.
4
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Trustee's Annual Report**
## **Reserves policy**
All charitable organisations are recommended to have a reserves policy which considers immediate operational needs, has due regard for the composition of its asset base and earmarks funds which are necessary to carry out future plans. The Church has sought to keep unrestricted reserves of six months of normal running costs as this is now the period required to withdraw from its rental agreement for the hire of the Old Carpenter’s Shop and to give a longer period for staff employed by FVC to find alternative employment should the church be required to stop operating.
The closing fund balance at the end of the year is higher than the desirable level of reserves of £30,000. The trustees will review the reserves policy and level of reserves carried forward if the Church decides to employ more people in the future.
## **Financial Review**
All assets of Falmouth Vineyard Church are used for the direct charitable purpose of the Church. The trustees consider that the financial position at the Balance Sheet date is satisfactory and that the Church can meet all foreseeable future obligations.
At the year's end the charity had the following closing fund balances:
||**2023**|2022|
|---|---|---|
||**£**|£|
|Unrestricted Funds|45,331|53,506|
|Restricted Funds|17,492|10,253|
||`──────────`|`──────────`|
||**62,823**|**63,759**|
||`──────────`|`──────────`|
## **Going Concern**
The trustees have assessed the charity’s ability to continue its activities on a going concern basis and deem that there are no material uncertainties about the organisations ability to continue operating.
## **Approved by the Trustees of Falmouth Vineyard Church**
John Anderson **Name of Trustee:** ───────────────────────────────────────────────── **Signed on Behalf of the Trustees:** ───────────────────────────────────────────────── 18/10/2024 **Date of Approval:**
─────────────────────────────────────────────────
5
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Independent Examiners Report**
I report to the trustees on my examination of the financial statements of Falmouth Vineyard Church ('the charity') for the year ended 31 December 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements 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 Act.
## **Independent examiner's statement**
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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.
Nigel Wyatt BSC FCA Date: 18/10/2024 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
6
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Statement of Financial Activities**
||||**2023**||2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**Total**||
|||Funds|Funds|**Funds**|Total funds|
||**Note**|£|£|**£**|£|
|**Income**||||||
|Donations and legacies||100,079|23,980|**124,059**|114,230|
|Charitable activities||2,309|-|**2,309**|260|
|Other income||405|-|**405**|137|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
|**Total Income**|**2**|102,793|23,980|**126,773**|114,627|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
|**Expenditure**||||||
|Expenditure on charitable activities|**3**|108,633|16,741|**125,374**|126,979|
|Governance costs|**4**|2,335|-|**2,335**|3,430|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
|**Total Expenditure**||110,968|16,741|**127,709**|130,409|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
|**Net income / (expenditure)**||(8,175)|7,239|**(936)**|(15,782)|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
|**Net Income and Net Movement in**|**Funds**|||||
|Total funds brought forward|**12**|53,506|10,253|**63,759**|79,541|
|Transfers|**12**|-|-|**-**|-|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
|**Total Funds Carried Forward**|**12**|45,331|17,492|**62,823**|63,759|
|||`──────────`|`──────────`|`──────────`|
`──────────`|
All income and expenditure derive from continuing activities.
7
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Statement of Financial Position**
|**Statement of Financial Position**||||
|---|---|---|---|
|||**2023**|2022|
||**Note**|**£**|£|
|**Fixed Assets**||||
|Tangible fixed assets|**9**|1,417|2,328|
|**Current Assets**||||
|Debtors|**10**|11,381|6,058|
|Cash at bank and in hand||51,374|63,558|
|||`──────────`|`──────────`|
|||62,755|69,616|
|**Creditors: amounts falling due within one year**|**11**|1,349|8,185|
|||`──────────`|`──────────`|
|**Net Current Assets**||61,406|61,431|
|||`──────────`|`──────────`|
|**Total Assets Less Current Liabilities**||62,823|63,759|
|||`──────────`|`──────────`|
|**Net assets**|**13**|62,823|63,759|
|||`──────────`|`──────────`|
|**Funds of the charity**||||
|Restricted funds||17,492|10,253|
|Unrestricted funds|**12**|45,331|53,506|
|||`──────────`|`──────────`|
|**Total Charity Funds**||62,823|63,759|
|||`──────────`|`──────────`|
## **Directors Responsibilities**
These financial statements were approved by the board of trustees and authorised for issue :
## John Anderson
## **Name of Trustee:**
───────────────────────────────────────────────────
**Signed on Behalf of the Trustees:**
─────────────────────────────────────────────────── 18/10/2024
## **Date of Approval:**
───────────────────────────────────────────────────
8
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **Basis of Preparation**
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011.
## **Assessment of Going Concern**
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
## **Fund Accounting**
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often known as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
## **Incoming Resources**
All incoming resources are recognised once the charity has entitlement to the resources. It is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants, where entitlement is not conditional on the delivery of specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustee's annual report.
• Investment Income is included in the accounts when receivable.
9
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **Resources Expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Governance Costs**
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and the cost of any legal advice to trustees on governance or constitutional matters.
## **Liability Recognition**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
## **Tangible Fixed Assets**
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over the estimated useful life of the asset.
Equipment
4 years straight-line
## **Pensions**
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
## **Operating Leases**
Rental charges payable under operating leases are charged on a straight-line basis over the terms of the lease.
## **Taxation**
The charity is exempt from tax on its charitable activities.
10
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **2 Analysis of Income**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|**Donations and Legacies**||||
|Donations|83,995|1,656|**85,651**|
|Gift aid|16,084|-|**16,084**|
|Grants|-|22,324|**22,324**|
||`──────────`|`──────────`|
`──────────`|
||100,079|23,980|**124,059**|
|**Charitable Activities**||||
|Church events|2,309|-|**2,309**|
||`──────────`|`──────────`|
`──────────`|
||2,309|-|**2,309**|
|**Other Income**||||
|Amazon smile|25|-|**25**|
|Other|380|-|**380**|
||`──────────`|`──────────`|
`──────────`|
||405|-|**405**|
||`──────────`|`──────────`|
`──────────`|
|**Total Income**|**102,793**|**23,980**|**126,773**|
||`──────────`|`──────────`|
`──────────`|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2022**|
||£|£|**£**|
|**Donations and Legacies**||||
|Donations|82,909|5,000|**87,909**|
|Gift aid|16,321|-|**16,321**|
|Grants|-|10,000|**10,000**|
||`──────────`|`──────────`|
`──────────`|
||99,230|15,000|**114,230**|
|**Charitable Activities**||||
|Church events|140|120|**260**|
||`──────────`|`──────────`|
`──────────`|
||140|120|**260**|
|**Other Income**||||
|Amazon smile|12|-|**12**|
|Other|125|-|**125**|
||`──────────`|`──────────`|
`──────────`|
||137|-|**137**|
||`──────────`|`──────────`|
`──────────`|
|**Total Income**|**99,507**|**15,120**|**114,627**|
||`──────────`|`──────────`|
`──────────`|
11
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **3 Expenditure on Charitable Activities by Fund Type**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Administration|2,729|504|**3,233**|
|Building|18,488|-|**18,488**|
|Communication|610|-|**610**|
|Depreciation|911|-|**911**|
|Expenses|-|-|**-**|
|Events and activities|2,636|-|**2,636**|
|Giving|5,461|-|**5,461**|
|Giving - equipment|-|6,387|**6,387**|
|Leadership|2,559|-|**2,559**|
|Ministry costs|6,080|5,745|**11,825**|
|Staffing|67,463|4,105|**71,568**|
|Sundays|1,696|-|**1,696**|
||`──────────`|`──────────`|
`──────────`|
||108,633|16,741|**125,374**|
||`──────────`|`──────────`|
`──────────`|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2022**|
||£|£|**£**|
|Administration|3,964|-|**3,964**|
|Building|25,093|-|**25,093**|
|Communication|520|20|**540**|
|Depreciation and loss on disposal|-|749|**749**|
|Expenses|953|99|**1,052**|
|Events and activities|-|-|**-**|
|Giving|10,061|1,292|**11,353**|
|Giving - equipment|-|-|**-**|
|Leadership|2,069|-|**2,069**|
|Ministry costs|7,619|1,874|**9,493**|
|Staffing|64,275|1,704|**65,979**|
|Sundays|6,687|-|**6,687**|
||`──────────`|`──────────`|
`──────────`|
||121,241|5,738|**126,979**|
||`──────────`|`──────────`|
`──────────`|
12
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **4 Governance Costs**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|**£**|
|Insurance costs|244|-|**244**|
|Legal & professional fees|2,091|-|**2,091**|
||`──────────`|`──────────`|
`──────────`|
||2,335|-|**2,335**|
||`──────────`|`──────────`|
`──────────`|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2022**|
||£|£|**£**|
|Insurance costs|244|-|**244**|
|Legal & professional fees|1,686|1,500|**3,186**|
||`──────────`|`──────────`|
`──────────`|
||1,930|1,500|**3,430**|
||`──────────`|`──────────`|
`──────────`|
## **5 Volunteers**
The church benefits greatly from the voluntary contributions of time and money by its members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
## **6 Independent Examination Fees**
Fees payable to the independent examiner for:
||**2023**|2022|
|---|---|---|
||£|£|
|Independent examination and preparation of the financial
statements|660|639|
13
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **7 Staff Costs**
The total staff costs and employee benefits for the reporting period are analysed as follows:
||**2023**|2022|
|---|---|---|
||£|£|
|Wages and salaries|69,356|61,666|
|Social security costs|-|-|
|Employer contributions to pension plans|2,077|2,420|
||`──────────`|`──────────`|
||71,433|64,086|
||`──────────`|`──────────`|
|Self-employed service costs|135|156|
||`──────────`|`──────────`|
|Total staff costs|71,568|64,242|
||`──────────`|`──────────`|
|The average headcount of employees during the year was as follows:|||
||**2023**|2022|
|Average headcount|5|4|
Number of employees who received employee benefits of more than £60,000 during the year was as follows:
||**2023**|2022|
|---|---|---|
|More than £60,000|0|0|
|**Key Management Personnel**|||
The charity considers its key management personnel to be the Pastors and Trustees.
The total employee benefits received by key management were as follows:
|||**2023**|2022|
|---|---|---|---|
|N Gilbert,|Pastor and Trustee|28,512|23,845|
|||`──────────`|`──────────`|
|||28,512
`──────────`|23,845
`──────────`|
**8 Trustee Remuneration and Expenses**
14
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
The trustees did not receive any remuneration for their service as trustees. The charity did however employ one trustee, N Gilbert who received total remuneration costs of £28,512 (2022: £23,845) as the church pastor.
During the year two trustees incurred out-of-pocked expenses totalling £5,489 (2022: £4,091) which were all incurred for the day-to-day running of the charity's activities. The types of expenditure include the purchase of equipment, conference fees, Sunday meeting expenses and other charitable activity expenditure.
During the year the total aggregated donations made to the charity by the trustees during the year was £19,224 (2022:£16,384).
|**9 **|**Tangible Fixed Assets**|||
|---|---|---|---|
|||Equipment|**Total**|
|||£|**£**|
||**Cost**|||
||At 1 January 2023|4,619|4,619|
||Additions|-|-|
||Disposals|(399)|(399)|
|||`──────────`|`──────────`|
||**At 31 December 2023**|**4,220**|**4,220**|
||**Depreciation**|||
||At 1 January 2023|2,291|2,291|
||Charge for the year|911|911|
||Disposals|(399)|(399)|
|||`──────────`|`──────────`|
||**At 31 December 2023**|**2,803**|**2,803**|
||**Carrying amount**|||
||**At 31 December 2023**|**1,417**|**1,417**|
|||`──────────`|`──────────`|
||At 31 December 2022|2,328|2,328|
|||`──────────`|`──────────`|
|**10 **|**Debtors**|||
|||**2023**|2022|
|||**£**|£|
||Accrued income|6,231|1,033|
||Other debtors|5,150|5,025|
|||`──────────`|`──────────`|
|||11,381|6,058|
|||`──────────`|`──────────`|
15
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **11 Creditors: amounts falling due within one year**
||**2023**|2022|
|---|---|---|
||**£**|£|
|Tax and social security|-|7,546|
|Accruals|1,349|639|
||`──────────`|`──────────`|
||1,349|8,185|
||`──────────`|`──────────`|
## **12 Analysis of Charitable Funds**
||1 Jan 2023|Income|Expenditure|Transfers **31 Dec 2023**|Transfers **31 Dec 2023**|
|---|---|---|---|---|---|
||£|£|£|£|**£**|
|**Unrestricted**||||||
|General fund|53,506|102,793|(110,968)|-|**45,331**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Total Unrestricted**|**53,506**|**102,793**|**(110,968)**|**-**|**45,331**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Restricted**||||||
|ASDA grant 2023|-|1,000|-|-|**1,000**|
|Growbaby fund|3,195|6,656|(2,330)|-|**7,521**|
|Lottery grant 2023|-|10,000|(5,772)|-|**4,228**|
|National Grid 2023|-|6,324|(1,581)|-|**4,743**|
|Winter Warmer|7,058|-|(7,058)|-|**-**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Total Restricted**|**10,253**|**23,980**|**(16,741)**|**-**|**17,492**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Fund totals**|**63,759**|**126,773**|**(127,709)**|**-**|**62,823**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
||1 Jan 2022|Income|Expenditure|Transfers **31 Dec 2022**||
||£|£|£|£|**£**|
|**Unrestricted**||||||
|General fund|79,541|99,507|(123,920)|(1,622)|**53,506**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Total Unrestricted**|**79,541**|**99,507**|**(123,920)**|**(1,622)**|**53,506**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Restricted**||||||
|Growbaby fund|-|5,120|(3,547)|1,622|**3,195**|
|Winter Warmer|-|10,000|(2,942)|-|**7,058**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Total Restricted**|**-**|**15,120**|**(6,489)**|**1,622**|**10,253**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Fund totals**|**79,541**
`──────────`|**114,627**
`──────────`|**(130,409)**
`──────────`|**-**
`──────────`|**63,759**
`──────────`|
16
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **Fund Descriptions**
ASDA grant 2023
Growbaby fund
Lottery grant 2023
National Grid 2023
Winter Warmer
A Better Start Grant from Asda Foundation, for child safety equipment for clients who visit the Growbaby service
Growbaby is an initiative that aims to provide good quality, new or used, baby clothes and equipment (up to 5 years), completely free of charge, to anyone who is in need of it.
A National Lottery Community Fund Grant for the Growbaby administrator's salary, operating costs and equipment
A National Grid Community Matters Grant, for the Growbaby Warm Hub Co-ordinator salary, rent/ running costs of the building
Responding to the cost of living crisis by providing 'warm packs' consisting of slow cookers, hoodie blankets, flasks and socks to help vulnerable households stay warm during the winter.
**Fund transfers** Growbaby fund
Transfer of a fixed asset purchased in the prior year through the fund to be held in the general fund. The fixed asset was returned and funds returned to the Growbaby restricted fund.
## **13 Analysis of Net Assets Between Funds**
||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|
||Funds|Funds|**2023**|
||£|£|£|
|Fixed assets|1,417|-|**1,417**|
|Current assets|62,755|-|**62,755**|
|Creditors less than 1-year|(1,349)|-|**(1,349)**|
||`──────────`|`──────────`|
**`──────────`**|
||62,823|-|**62,823**|
||`──────────`|`──────────`|
`──────────`|
||Unrestricted|Restricted|**Total Funds**|
||Funds|Funds|**2022**|
||£|£|£|
|Fixed assets|2,328|-|2,328|
|Current assets|69,616|-|69,616|
|Creditors less than 1-year|(8,185)|-|(8,185)|
||`──────────`|`──────────`|
`──────────`|
||63,759|-|63,759|
||`──────────`|`──────────`|
`──────────`|
17
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## **14 Related Party Transactions**
During the year N Kite received employment remuneration of £8,759 (2022: £8,062) and reimbursed out-of-pocket expenses of £678 (2022: £1,971) N Kite is a close family member of D Kite, a trustee of the charity.
During the year R Gilbert was reimbursed out-of-pocket expenses of £108 (2021: £339). R Gilbert is a close family member of N Gilbert, a trustee of the charity.
## **15 Operating Lease Commitments**
The total future minimum lease payments under non-cancellable operating leases are as follows:
||**2023**|
|---|---|
||**£**|
|No later than 1 year|10,000|
|Later than 1 year but less than 5 years|2,500|
|Greater than 5 years|-|
||`──────────`|
||**12,500**
`──────────`|
## **16 Prior Year Adjustment**
After the accountant reviewed of the signed accounts a misallocation of expenditure was noted and a change on the analysis of the charitable funds was required. The changes to the accounts for the year 31st December 2022 are as follows:
Depreciation costs were misallocated to the Winter Warmer fund (£749) Winter Warmer staff costs were misallocated to the Growbaby fund (£1,704)
Original:
|Original:||||||
|---|---|---|---|---|---|
||1 Jan 2022|Income|Expenditure|Transfers **31 Dec 2022**||
||£
|£
|£
|£
|**£**|
|**Unrestricted**||||||
|General fund|79,541|99,507|(123,171)|(1,622)|**54,255**|
||`──────────`|`──────────`|`──────────`|`──────────`|**`──────────`**|
|**Total Unrestricted**|**79,541**|**99,507**|**(123,171)**|**(1,622)**|**54,255**|
||`──────────`|`──────────`|
`──────────`|`──────────`|**`──────────`**|
|**Restricted**||||||
|Growbaby fund|-|5,120|(5,251)|1,622|**1,491**|
|Winter Warmer|-|10,000|(1,987)|-|**8,013**|
||`──────────`|`──────────`|`──────────`|`──────────`|**`──────────`**|
|**Total Restricted**|**-**|**15,120**|**(7,238)**|**1,622**|**9,504**|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
||`──────────`|`──────────`|`──────────`|`──────────`|`──────────`|
|**Fund totals**|**79,541**|**114,627**|**(130,409)**|**-**|**63,759**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
18
## **Falmouth Vineyard Church**
## **Year Ended 31st December 2023**
## **Notes to the Financial Statements**
## _**Prior Year Adjustment cont.**_
Restated:
|Restated:||||||
|---|---|---|---|---|---|
||1 Jan 2022|Income|Expenditure|Transfers **31 Dec 2022**||
||£
|£|£
|£
|**£**|
|**Unrestricted**||||||
|General fund|79,541|99,507|(123,920)|(1,622)|**53,506**|
||`──────────`|`──────────`|
`──────────`|`──────────`|**`──────────`**|
|**Total Unrestricted**|**79,541**|**99,507**|**(123,920)**|**(1,622)**|**53,506**|
||`──────────`|`──────────`|`──────────`|`──────────`|**`──────────`**|
|**Restricted**||||||
|Growbaby fund|-|5,120|(3,547)|1,622|**3,195**|
|Winter Warmer|-|10,000|(2,942)|-|**7,058**|
||`──────────`|`──────────`|
`──────────`|`──────────`|**`──────────`**|
|**Total Restricted**|**-**|**15,120**|**(6,489)**|**1,622**|**10,253**|
||`──────────`|`──────────`|`──────────`|`──────────`|**`──────────`**|
||`──────────`|`──────────`|
`──────────`|`──────────`|`──────────`|
|**Fund Totals**|**79,541**
`──────────`|**114,627**
`──────────`|**(130,409)**
`──────────`|**-**
`──────────`|**63,759**
`──────────`|
19