Leicester Vineyard Church
Report and Accounts Year ended 31 March 2023
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
LEICESTER VINEYARD CHURCH
LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2023
ADDRESS FOR CORRESPONDENCE 29 Park Crescent Oadby Leicester LE2 5YJ GOVERNING DOCUMENT CIO Constitution dated 28 November 2018 CHARITY REGISTRATION NUMBER 1180879 TRUSTEES RESPONSIBLE FOR Thomas Bird MANAGING THE CHARITY Oliver Bennett Robert Radford (appointed September 2022) Peter Sturrock BANKERS Barclays Bank UK PLC INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
INDEX
Page 1 Legal and Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7-8 Notes to the Accounts
Page 1
LEICESTER VINEYARD CHURCH
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 March 2023.
Objects of the charity
The charity, which is a church, is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are to advance the Christian faith in the UK and elsewhere.
Review of the charity's main activities and achievements
To further the above objects and vision, the charity's main activities and achievements were as follows:
We have had weekly Sunday Church services, with groups for kids and youth as well as special services such as Easter and Christmas. We have dedicated several children and had our first 3 baptisms. Our focus in this period has been rebuilding teams, but we have also been focussing on small groups since the pandemic, starting with prayer and worship evenings, women’s breakfast and prayer group and a spiritual gifts course.
Church events include, for the men; walk & curry, for the women; craft night and curry. And for all; family walk, picnic, Sports Day and Brunch Sundays.
We seek to be a positive influence and blessing to Leicester and as such we have developed a compassion ministry, Growbaby, giving free good quality second-hand baby clothes and equipment to families in need. We lease a space at Talbot Lane in the centre of Leicester to facilitate this venture.
Further afield we financially support missionaries (sent from our church) who help run a medical facility in Uganda.
Unity with the other churches in the city is important to us. One of our pastors joins with other church leaders in the city to pray and we also participate in the Praying for Leicestershire events, encouraging churches to come together and pray for the county.
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
Financial review
During the year income increased by £43,820, to £110,440 (owing to a recovery of gift aid amounting to £56,360), and expenditure increased by £2,860, to £90,620. As a result the cash held by the charity increased by £19,830, to £94,380, of which £93,500 is unrestricted and can be used for any charitable purpose.
The trustees continue to monitor income and expenditure closely and, if it becomes necessary, will take measures to mitigate any financial impact. The charity has not had to make any redundancies.
Page 2
Reserves policy
The trustees have determined that the charity should aim to hold unrestricted cash of no less than 3 months of quarterly fixed costs (which equates to approximately £18,100) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £94,500 and the charity is complying with its reserves policy.
Governance
Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to the senior pastors. New trustees are recruited and appointed by the existing trustees, by a majority vote.
Responsibilities of trustees
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
Approval
This report was approved by the trustees and signed on their behalf by:
P. Sturrock
Peter Sturrock
Date: 22 January 2024
Page 3
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
LEICESTER VINEYARD CHURCH
I report to the trustees on my examination of the accounts of Leicester Vineyard Church ('the charity') for the year ended 31 March 2023 on pages 5 to 8 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
-
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.
J. Young
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: 23 January 2024
Page 4
LEICESTER VINEYARD CHURCH
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| Unrestricted | Funds | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General | Designated | Restricted | Total | Total | |||||||||
| Funds | Funds | Funds | 2023 | 2022 | |||||||||
| Notes | £ | £ | £ | £ | £ | ||||||||
| Income receipts | |||||||||||||
| Donations | 51,290 | - | 2,790 | 54,080 | 66,622 | ||||||||
| Gift aid receipts | 55,168 | - | 1,195 | 56,363 | - | ||||||||
| Total receipts | 106,459 | - | 3,985 | 110,444 | 66,622 | ||||||||
| Payments | |||||||||||||
| Payments in relation to activities undertaken directly |
charitable | 2 | 79,811 | - | 313 | 80,123 | 55,233 | ||||||
| Grants paid in relation to activities undertaken by others |
charitable | 3 | 7,433 | - | 3,060 | 10,493 | 32,524 | ||||||
| Total payments | 87,244 | - | 3,373 | 90,617 | 87,757 | ||||||||
| Net of receipts transfers |
/ | (payments) | before | 19,215 | - | 613 | 19,827 | (21,135) | |||||
| Transfers between | funds | 5 | 0 | - | - | - | - | ||||||
| Net movement in | funds | 19,215 | - | 613 | 19,827 | (21,135) | |||||||
| Cash funds as at last | year | end | 74,280 | - | 270 | 74,550 | 95,685 | ||||||
| Cash funds at this year end | A | 93,495 | - | 883 | 94,378 | 74,550 |
The notes on pages 7 - 8 form part of these accounts.
Page 5
LEICESTER VINEYARD CHURCH
STATEMENT OF ASSETS AND LIABILITIES
AS AT THE YEAR ENDED 31 MARCH 2023
| A Cash funds Cash at bank with immediate access Prepaid cards B Other monetary assets Gift aid due to charity Other debtors and prepayments C Liabilities Falling due within one year: Pension due Fee for Independent Examination Accrued expenses D Assets retained for charity's own use Contents, equipment and stock |
General Designated funds funds £ £ 92,955 - 541 - 93,495 - 3,803 - 1,800 - 5,603 - 66 - 1,080 - 827 - 1,973 - Unrestricted Funds |
Restricted funds £ 883 - 883 - - - - - - - |
Total 2023 £ 93,837 541 94,378 3,803 1,800 5,603 66 1,080 827 1,973 Value 2023 £ 28,154 28,154 |
Total 2022 £ |
|---|---|---|---|---|
| 74,317 234 |
||||
| 74,550 | ||||
| 44,360 1,928 |
||||
| 46,288 | ||||
| 44 1,673 2,049 |
||||
| 3,767 | ||||
| Value 2022 £ |
||||
| 17,144 | ||||
| 17,144 |
The trustees have used insurance values for contents and equipment as the trustees are unable to reliably estimate current values; insurance values may differ materially from current values.
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 P. Sturrock date 22 January 2024
Peter Sturrock
The notes on pages 7 - 8 form part of these accounts.
Page 6
LEICESTER VINEYARD CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
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 Employment Note 4 Leadership expenses and training Growbaby ministry: Rent and other building costs (incl. utilities) Growbaby ministry expenses Church rent Other church ministry expenses Worship 5% VCUKI contribution Admin and support costs, including IT and equipment insurance (excl. Growbaby) Governance Other costs 3 Grants and gifts paid to others Organisations: VCUKI Tearfund 222 Ministries Open Hands Goldhill Foodbank Organisations < £1,000 Individuals Note 4 |
Unrestrict | Designated funds £ - - - - - - - - - - - - - - - - - - - - - ed Funds |
Restricted Funds £ - - - 313 - - - - - - - - 313 - - - - - - 3,060 3,060 |
Total 2023 £ 12,719 6,451 16,071 5,003 19,560 8,902 1,302 2,880 4,470 356 2,087 322 80,123 3,000 - - - - - 7,493 10,493 |
Total 2022 £ |
|
|---|---|---|---|---|---|---|
| General funds £ 12,719 6,451 16,071 4,691 19,560 8,902 1,302 2,880 4,470 356 2,087 322 79,811 3,000 - - - - - 4,433 7,433 |
||||||
| 11,573 2,466 8,000 4,488 11,226 4,877 1,025 3,531 5,800 307 720 1,221 |
||||||
| 55,233 | ||||||
| 2,915 10,000 5,000 5,000 782 120 8,707 |
||||||
| 32,524 |
4 Transactions with related parties
The spouse of trustee Thomas Bird, was paid £6,656 [2022: £6,656] in her capacity as Senior Pastor; these payments are permitted by the charity's governing document. In addition to this, £1,677 [2022: £1,716] was paid for cleaning part of their property which was used for charitable purposes and £2,000 was also paid to them as a support gift (this was approved by unconflicted trustees in January 2020, prior to employment).
Page 7
LEICESTER VINEYARD CHURCH
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
| vement of funds General funds Restricted funds Missionary support Uganda Growbaby ministry Total funds |
Opening balance £ 74,280 74,280 270 - 270 74,550 |
Receipts £ 106,459 106,459 3,673 313 3,985 110,444 |
Payments £ (87,244) (87,244) (3,060) (313) (3,373) (90,617) |
Transfers £ 0 0 - - - - |
Closing balance £ |
|---|---|---|---|---|---|
| 93,495 | |||||
| 93,495 | |||||
| 883 - |
|||||
| 883 | |||||
| 94,378 |
5 Movement of funds
Page 8