## 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: 1. 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. 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