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2021-12-31-accounts

Charity number: 1176399

Gloucester Vineyard Church

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 December 2021

Gloucester Vineyard Church Contents Page For the year ended 31 December 2021

Report of the Trustees 1 to 2
Independent Examiner's Report to the Trustees 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 12
Detailed Statement of Financial Activities 13

Gloucester Vineyard Church Report of the Trustees

For the year ended 31 December 2021

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2021. 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

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.

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Volunteers

The Church is grateful to all individuals and organizations who have contributed to the overall income and success of projects undertaken.

ACHIEVEMENTS AND PERFORMANCE

Significant activities

FINANCIAL REVIEW

The Charity has acheived incoming resources of £69,180, expended resources of £55,786, resulting in a surplus for the year of £13,394. This compares to income of £48,889, expenses of £26,263 and a surplus of £22,626 in the previous period.

Cash held at the reporting date amounted to £55,001, compared to £40,507 for the previous period. Total funds available as at the reporting date amounted to £60,463, of which £17,322 was restricted and the remaining £43,141 was unrestricted. This compared to funds of £47,069, of which £11,715 was restricted and £35,354 was unrestricted.

Reserves

The Charity aims to have surpluses to cover three months of operation in the event of a closure or no income being received. Amounts held in reserve accounts away from day to day accounts amounted to £25,040, compared to £12,021 at the previous reporting date.

Going concern

The Charity is dependant generous donations it receives. However, on the basis of strong reserves and many committed members giving, the Trustees determine that a going concern basis is appropriate for the preparation of these accounts.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Church is governing by a CIO Foundation model, registered 20 December 2017.

Recruitment and appointment of 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.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Gloucester Vineyard Church Charity registration number 1176399 Principal address Mariners Church Hall Llanthony Road

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Gloucester Vineyard Church Report of the Trustees Continued For the year ended 31 December 2021

Gloucester Gloucestershire GL2 5RB

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Daniel Smith Dr Stephen Burnhope (Appointed: 18 January 2021) Blair Strong Joma Lawton Independent examiners Swift Accountancy Limited Swift Farm, Sandy Lane Ashford Kent TN26 1JN Approved by the Board of Trustees and signed on its behalf by ............................................................................. 14 October 2022 Daniel Smith (Director)

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Gloucester Vineyard Church Independent Examiners Report to the Trustees For the year ended 31 December 2021

I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees, 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 Act.

Independent examiners statement

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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. 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.

A prior period adjustment was included and details can be found at note 7 of the financial statements.

Adam Clegg FCCA BSc (Hons)

Swift Accountancy Limited Swift Farm, Sandy Lane Ashford Kent TN26 1JN

14 October 2022

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Gloucester Vineyard Church Statement of Financial Activities For the year ended 31 December 2021

Notes
Income and endowments from:
Charitable activities
2
Investments
3
Total
Expenditure on:
Charitable activities
4/5
Total
Transfers between funds
6
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
48,596
3
48,599
(35,670)
(35,670)
(5,142)
7,787
35,354
43,141		 Restricted
funds
£
20,580
1
20,581
(20,116)
(20,116)
5,142
5,607
11,715
17,322		 2021
£
69,176
4
69,180
(55,786)
(55,786)
-
13,394
47,069
60,463		 2020
£
48,885
4
48,889
(26,263)
(26,263)
-
22,626
24,443
47,069

4 of 13

Gloucester Vineyard Church Statement of Financial Position As at 31 December 2021

Notes
Fixed assets
Tangible assets
13
Current assets
14
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
15
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity
Restricted income funds
16
Unrestricted income funds
16
Total funds		 £
2021
5,454
5,454
951
55,001
55,952
(943)
55,009
60,463
60,463
17,322
43,141
60,463		 £
2020
6,197
6,197
1,000
40,507
41,507
(635)
40,872
47,069
47,069
11,715
35,354
47,069

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Daniel Smith Trustee 14 October 2022

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Gloucester Vineyard Church Notes to the Financial Statements

For the year ended 31 December 2021

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

Gloucester Vineyard Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The Charity is dependant generous donations it receives. However, on the basis of strong reserves and many committed members giving, the Trustees determine that a going concern basis is appropriate for the preparation of these accounts.

Statement of cash flows

The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small.

Funds

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.

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

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

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery 20% Reducing balance Computer Equipment 20% Reducing balance Motor Vehicles 20% Reducing balance

Pensions

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.

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Gloucester Vineyard Church Notes to the Financial Statements Continued For the year ended 31 December 2021

2. Income from charitable activities

Unrestricted Restricted 2021 2020
funds funds
£ £ £ £
Church activities
Giving in 40,008 - 40,008 28,827
Income from charitable 8,588 - 8,588 6,047
activities
48,596 - 48,596 34,874
CAP debt centre
Income from charitable - 20,580 20,580 14,011
activities
48,596 20,580 69,176 48,885
nvestment income
Unrestricted Restricted 2021 2020
funds funds
£ £ £ £
Bank interest receivable 3 1 4 4
3 1 4 4
osts of charitable activities by fund type
Unrestricted Restricted 2021 2020
funds funds
£ £ £ £
Church activities 33,938 - 33,938 21,090
CAP debt centre - 20,116 20,116 3,432
Support costs 1,732 - 1,732 1,741
35,670 20,116 55,786 26,263
osts of charitable activities by activity type
Activities Support 2021 2020
undertaken costs
directly
£ £ £ £
Support costs
Church activities 33,938 1,732 35,670 22,831
CAP debt centre 20,116 - 20,116 3,432
54,054 1,732 55,786 26,263

3. Investment income

4. Costs of charitable activities by fund type

5. Costs of charitable activities by activity type

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Gloucester Vineyard Church Notes to the Financial Statements Continued

For the year ended 31 December 2021

6. Transfers between funds

Transfers between funds occur when unrestricted reserves are used to support other operations and activities and operations and are made at the discretion of the Trustees.

7. Prior year adjustments

A prior period adjustment exists where a bank account was omitted from the financial statements. The affects of this are as follows:

Statement of Financial Activities

Statement of Financial Position

8. Analysis of support costs

Church activities
Finance
Governance costs		 2021
£
710
1,022
1,732		 2020
£
587
1,154
1,741

9. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2021 2020
£ £
Depreciation of owned fixed assets 1,364 1,704
Accountancy fees 650 600
Trustees' remuneration 5,400 900
Staff pension contributions 347 31

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Gloucester Vineyard Church Notes to the Financial Statements Continued

For the year ended 31 December 2021

10. Staff costs and emoluments

Total staff costs for the year ended 31 December 2021 were:

Salaries and wages
Pension costs
Employees
Senior pastors		 2021
£
27,939
347
28,286
2021
2
2
4		 2020
£
9,868
31
9,899
2020
1
2
3

No staff member received emoluments exceeding £60,000.

11. Trustee remuneration and related party transactions

No trustees were remunerated for their role as a trustee.

During the year the Charity has paid D Smith, a trustee, £5,400 (2020 - £900) for their role as senior pastor.

During the year the Charity has paid E Smith, the spouse of a trustee, £5,400 (2020 - £4,050) for their role as senior pastor.

12. Comparative for the Statement of Financial Activities

Income and endowments from:
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Total
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
34,874
3
34,877
(22,601)
(22,601)
(1,172)
11,104
24,250
35,354		 Restricted
funds
£
14,011
1
14,012
(3,662)
(3,662)
1,172
11,522
193
11,715		 2020
£
48,885
4
48,889
(26,263)
(26,263)
-
22,626
24,443
47,069

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Gloucester Vineyard Church Notes to the Financial Statements Continued For the year ended 31 December 2021

13. Tangible fixed assets

Cost or valuation
At 01 January 2021
At 31 December 2021
Depreciation
At 01 January 2021
Charge for year
At 31 December 2021
Net book values
At 31 December 2021
At 31 December 2020		 Plant and
Machinery
£
4,071
4,071
1,598
495
2,093
1,978
2,473		 Motor
Vehicles
£
4,000
4,000
800
640
1,440
2,560
3,200		 Computer
Equipment
£
2,151
2,151
1,006
229
1,235
916
1,145		 Total
£
10,222
10,222
3,404
1,364
4,768
5,454
6,818

14. Debtors

Amounts due within one year:
Trade debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Accruals and deferred income		 2021
£
-
951
951
2021
£
943
943		 2020
£
1,000
-
1,000
2020
£
635
635

15. Creditors: amounts falling due within one year

16. Movement in funds

Unrestricted Funds

Balance at Incoming Outgoing Transfers Balance at
01/01/2021 resources resources 31/12/2021
£ £ £ £ £
General
General 35,354 48,599 (35,670) (5,142) 43,141
35,354 48,599 (35,670) (5,142) 43,141

10 of 13

Gloucester Vineyard Church Notes to the Financial Statements Continued

For the year ended 31 December 2021

Unrestricted Funds - Previous year

Balance at Incoming Outgoing Transfers Balance at
01/01/2020 resources resources 31/12/2020
£ £ £ £ £
General
General 24,250 34,877 (22,601) (1,172) 35,354
24,250 34,877 (22,601) (1,172) 35,354

Purpose of unrestricted Funds

General

General funds are for the day to day operations for the church.

Restricted Funds

Balance at Incoming Outgoing Transfers Balance at
01/01/2021 resources resources 31/12/2021
£ £ £ £ £
Christians Against 11,715 20,581 (20,116) 5,142 17,322
Poverty
11,715 20,581 (20,116) 5,142 17,322
Restricted Funds - Previous year
Balance at Incoming Outgoing Transfers Balance at
01/01/2020 resources resources 31/12/2020
£ £ £ £ £
Christians Against - 14,012 (3,432) 1,135 11,715
Poverty
Every Single Street 193 - (230) 37 -
193 14,012 (3,662) 1,172 11,715

Purpose of restricted funds

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 and running of a CAP Debt Centre.

11 of 13

Gloucester Vineyard Church Notes to the Financial Statements Continued

For the year ended 31 December 2021

17. Analysis of net assets between funds

Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 5,454 37,687 43,141
Restricted funds
Christians Against - 17,322 17,322
Poverty
5,454 55,009 60,463
Previous year
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 6,197 29,157 35,354
Restricted funds
Christians Against - 11,715 11,715
Poverty
6,197 40,872 47,069

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Gloucester Vineyard Church Detailed Statement of Financial Activities For the year ended 31 December 2021

INCOME AND ENDOWMENT
Charitable activities
Income from charitable activities (Church
activities)
Income from charitable activities (Church
activities)
Income from charitable activities (CAP debt
centre)
Investments
Bank interest receivable
Total incoming resources
EXPENDITURE
Charitable activities
Cost of direct charitable activity (Church
activities)
Cost of direct charitable activity (CAP debt
centre)
SUPPORT COSTS
Finance
Finance (Church activities)
Governance costs
Governance costs (Church activities)
Total resources expended
Net Income		 £
2021
40,008
8,588
20,580
69,176
4
4
69,180
(33,938)
(20,116)
(54,054)
(710)
(710)
(1,022)
(1,022)
(55,786)
13,394		 £
2020
28,827
6,047
14,011
48,885
4
4
48,889
(21,090)
(3,432)
(24,522)
(587)
(587)
(1,154)
(1,154)
(26,263)
22,626

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This page does not form part of the statutory financial statements