**REGISTERED CHARITY NUMBER: 1176399** **Report of the Trustees and Unaudited Financial Statements for the Period 1 April 2020 to 31 December 2020 for Gloucester Vineyard Church** Swift Accountancy Limited Chartered Certified Accountants Swift Farm, Sandy Lane Ashford Kent TN26 1JN **Gloucester Vineyard Church** ## **Contents of the Financial Statements for the Period 1 April 2020 to 31 December 2020** ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 8| |Detailed Statement of Financial Activities|9 to 10| **Gloucester Vineyard Church** ## **Report of the Trustees for the Period 1 April 2020 to 31 December 2020** The trustees present their report with the financial statements of the charity for the period 1 April 2020 to 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 1176399 ## **Principal address** Mariners Church Hall Llanthony Road Gloucester Gloucestershire GL2 5RB ## **Trustees** D Smith B Strong - appointed 20.4.2020 J Lawton Dr S Burnhope - appointed 18.1.2021 A Awadzi - resigned 20.4.2020 Mrs S Hanson - resigned 18.1.2021 ## **Independent examiner** Swift Accountancy Limited Chartered Certified Accountants Swift Farm, Sandy Lane Ashford Kent TN26 1JN ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Church is governing by a CIO Foundation model, registered 20 December 2017. ## **Recruitment and appointment of new trustees** The original board of Trustees were selected from our sending Church, Aylesbury Vineyard Church (charity number 3424117). There are no provisions with the constitution for selection of Trustees other than by existing Trustees. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** Gloucester Vineyard Church is an evangelical church based in Gloucestershire. We are creating a community that brings hope and joy to Gloucester by introducing people to Jesus and teaching them to live by His example. We are committed to the alleviation of poverty, especially that which affects children, and helping people to become all they were created to be. ## **Significant activities** - Regular meeting for Bible teaching and moral instruction. - Regular community service including litter picks, gardening projects, regular visits to care homes (where possible - under Government guidelines), engaging with local projects around neighbourhood restoration. - Running a mother and toddler group. - Running gathering events to unite neighbourhoods. - Establishing a Christians Against Poverty (CAP) Debt Centre. - Making donations to local charities working at the front line reliving poverty. - Offering support and assistance to individuals affected by COVID-19. Page 1 **Gloucester Vineyard Church** ## **Report of the Trustees for the Period 1 April 2020 to 31 December 2020** ## **OBJECTIVES AND ACTIVITIES Public benefit** The Trustees have complied with their duty to have regard to the guidance on public benefit published by the Charities Commission on exercising their powers and duties. ## **Volunteers** The Church is grateful to all individuals and organizations who have contributed to the overall income and success of projects undertaken. ## **ACHIEVEMENT AND PERFORMANCE Charitable activities** - Gathering a community of love and support regardless of background, belief or class for mutual support and moral instruction. - Organizing volunteer groups to pick up litter and contribute towards the rejuvenation of the Barton and Tredworth areas of Gloucester. - Educating children in our Sunday morning gatherings around their self-worth, role within society and their high value as a child of God. - Supporting other charitable bodies in the UK who have parallel aims by raising funds through online events. - Gathering food parcels for a local homeless charity. - Opened a CAP Debt Centre. - Giving pastoral care and support to those in crisis. - Mobilizing volunteers to look our for neighbours affected by the COVID-19 pandemic and national lockdown. - Gathering people for worship and community and communicating a message of hope to combat loneliness and isolation during the COVID-19 pandemic with Government guidelines. ## **FINANCIAL REVIEW Reserves policy** The Church has achieved a surplus of £11,533 for the period, compared to a surplus for the previous year of £8,476. Donations have increased consistently and costs for meeting virtually have been managed successfully. The Church's reserves have remained consistent, being £12,021 at the year of the period, compared to £12,004 for the previous year. Approved by order of the board of trustees on 29 March 2021 and signed on its behalf by: D Smith - Trustee Page 2 ## **Independent Examiner's Report to the Trustees of Gloucester Vineyard Church** I report on the accounts for the period 1 April 2020 to 31 December 2020, which are set out on pages four to eight. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. that accounting records were not kept as required by section 130 of the Act; or 2. that the accounts do not accord with those records; or 3. that the accounts do not comply with the accounting requirements of the Act; or 4. that there is further information needed for a proper understanding of the accounts. ## **Independent examiner's statement** I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. Adam Clegg FCCA BSc (Hons) Association of Chartered Certified Accountants Swift Accountancy Limited Chartered Certified Accountants Swift Farm, Sandy Lane Ashford Kent TN26 1JN 29 March 2021 Page 3 ## **Gloucester Vineyard Church** ## **Statement of Financial Activities for the Period 1 April 2020 to 31 December 2020** |||||Period|| |---|---|---|---|---|---| |||||1.4.20|| |||||to|Year Ended| |||||31.12.20|31.3.20| |||Unrestricted|Restricted|Total|Total| |||fund|funds|funds|funds| ||Notes|£|£|£|£| |**INCOMING RESOURCES**|||||| |**Incoming resources from generated funds**|||||| |Voluntary income||34,874|3,446|38,320|34,837| |Investment income|2|3|-|3|4| |**Incoming resources from charitable activities**|||||| |Charitable activities||-|2,500|2,500|200| |**Total incoming resources**||34,877|5,946|40,823|35,041| |**RESOURCES EXPENDED**|||||| |**Charitable activities**|||||| |Charitable activities||22,439|6,176|28,615|25,965| |**Governance costs**||675|-|675|600| |**Total resources expended**||23,114|6,176|29,290|26,565| |**NET INCOMING/(OUTGOING)**|||||| |**RESOURCES BEFORE TRANSFERS**||11,763|(230)|11,533|8,476| |**Gross transfers between funds**|8|(37)|37|-|-| |**Net incoming/(outgoing) resources**||11,726|(193)|11,533|8,476| |**RECONCILIATION OF FUNDS**|||||| |**Total funds brought forward**||24,250|193|24,443|15,967| |**TOTAL FUNDS CARRIED FORWARD**||35,976|-|35,976|24,443| The notes form part of these financial statements Page 4 ## **Gloucester Vineyard Church** ## **Balance Sheet At 31 December 2020** |31.12.20
Unrestricted
Restricted
Total
fund
funds
funds
Notes
£
£
£
**FIXED ASSETS**
Tangible assets
5
6,818
-
6,818
**CURRENT ASSETS**
Debtors
6
1,000
-
1,000
Cash at bank
28,792
-
28,792
29,792
-
29,792
**CREDITORS**
Amounts falling due within one year
7
(634)
-
(634)
**NET CURRENT ASSETS**
29,158
-
29,158
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
35,976
-
35,976
**NET ASSETS**
35,976
-
35,976
**FUNDS**
8
Unrestricted funds
35,976
Restricted funds
-
**TOTAL FUNDS**
35,976|31.3.20
Total
funds
£
3,901
750
20,564
21,314
(772)
20,542
24,443
24,443
24,250
193
24,443| |---|---| The financial statements were approved by the Board of Trustees on 29 March 2021 and were signed on its behalf by: D Smith -Trustee The notes form part of these financial statements Page 5 **Gloucester Vineyard Church** ## **Notes to the Financial Statements for the Period 1 April 2020 to 31 December 2020** ## **1. ACCOUNTING POLICIES** ## **Accounting convention** The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Plant and machinery|- 20% on reducing balance| |---|---| |Motor vehicles|- 20% on reducing balance| |Computer equipment|- 20% on reducing balance| ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. INVESTMENT INCOME** ||Period|| |---|---|---| ||1.4.20|| ||to|Year Ended| ||31.12.20|31.3.20| ||£|£| |Deposit account interest|3|4| Page 6 **Gloucester Vineyard Church** ## **Notes to the Financial Statements - continued for the Period 1 April 2020 to 31 December 2020** ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 December 2020 nor for the year ended 31 March 2020 . ## **Trustees' expenses** The Church contributed £nil (March 2020 - £260) of running costs towards a van owned by one of the Trustees that was being used for Church business. A van owned by a Trustee was purchased for £4,000. This was deemed to be a market value and the board of Trustees approved the expenditure. ## **4. STAFF COSTS** ||Period|| |---|---|---| ||1.4.20|| ||to|Year Ended| ||31.12.20|31.3.20| ||£|£| |Wages and salaries|9,866|5,400| |Other pension costs|31|-| ||9,897|5,400| |The average monthly number of employees during the period was as follows:||| ||Period|| ||1.4.20|| ||to|Year Ended| ||31.12.20|31.3.20| |Employees|2|1| No employees received emoluments in excess of £60,000. A related party to a Trustee (spouse) received gross remuneration of £4,050 (March 2020 - £5,400) for their role as Senior Pastor on a part time basis. These payments are permitted under the CIO constitution. Page 7 **Gloucester Vineyard Church** ## **Notes to the Financial Statements - continued for the Period 1 April 2020 to 31 December 2020** ## **5. TANGIBLE FIXED ASSETS** |Plant and
Computer
machinery Motor vehicles
equipment
£
£
£
**COST**
At 1 April 2020
3,450
-
2,151
Additions
621
4,000
-
At 31 December 2020
4,071
4,000
2,151
**DEPRECIATION**
At 1 April 2020
980
-
720
Charge for year
618
800
286
At 31 December 2020
1,598
800
1,006
**NET BOOK VALUE**
At 31 December 2020
2,473
3,200
1,145
At 31 March 2020
2,470
-
1,431
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.12.20
£
Trade debtors
1,000
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.12.20
£
Other creditors
634|Totals
£
5,601
4,621| |---|---| ||10,222| ||1,700
1,704| ||3,404| ||6,818| ||3,901| ||31.3.20
£
750
31.3.20
£
772| ## **8. MOVEMENT IN FUNDS** ## **Restricted funds analysis** ## Every Single Street This fund was created for grants received relating to the campaign to litter pick all streets in Gloucester. The project has ceased as at 31 December 2020. ## Christians Against Poverty This fund relates to the establishing of a CAP Debt Centre ## **Transfers between funds** Transfers between funds occur where unrestricted funds are used to support projects. Page 8 **Gloucester Vineyard Church** ## **Detailed Statement of Financial Activities for the Period 1 April 2020 to 31 December 2020** ||Period|| |---|---|---| ||1.4.20|| ||to|Year Ended| ||31.12.20|31.3.20| ||£|£| |**INCOMING RESOURCES**||| |**Voluntary income**||| |Donations|30,565|28,590| |Gift aid|7,755|6,247| ||38,320|34,837| |**Investment income**||| |Deposit account interest|3|4| |**Incoming resources from charitable activities**||| |Grants|2,500|200| |**Total incoming resources**|40,823|35,041| |**RESOURCES EXPENDED**||| |**Charitable activities**||| |Wages|9,866|5,400| |Pensions|31|-| |Rent and room hire|779|7,257| |Insurance|232|191| |Telephone|72|142| |Advertising|-|228| |Sundries|51|38| |Catering and hospitality|290|1,535| |Compassion|-|70| |Events|990|1,561| |Kids Church|289|153| |Gifts and donations|5,450|1,833| |Vineyard tithe|1,282|2,043| |Subscriptions|853|1,123| |Training and CPD|422|695| |Sundays|449|2,089| |Motor expenses|551|-| |CAP Debt Centre|4,226|-| |Plant and machinery|618|617| |Motor vehicles|800|-| |Computer equipment|286|357| ||27,537|25,332| |**Governance costs**||| |Accountancy|675|600| |**Support costs**||| This page does not form part of the statutory financial statements Page 9 **Gloucester Vineyard Church** ## **Detailed Statement of Financial Activities for the Period 1 April 2020 to 31 December 2020** ||Period|| |---|---|---| ||1.4.20|| ||to|Year Ended| ||31.12.20|31.3.20| ||£|£| |**Management**||| |DBS checks|75|78| |Payroll and professional fees|511|454| |Office renewals|492|101| ||1,078|633| |**Total resources expended**|29,290|26,565| |**Net income**|11,533|8,476| This page does not form part of the statutory financial statements Page 10