Charity number: 1187148
Dover Vineyard Church
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2024
Dover Vineyard Church Contents Page For the year ended 31 March 2024
| 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 |
Dover Vineyard Church Report of the Trustees
For the year ended 31 March 2024
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2024. 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
Dover Vineyard Church is an evangelical church based in the port town of Dover. We are committed to bringing life to the town. Our vision is to see everything thrive and to be represented by a community of people that knows how loved and precious each one of them are. We are committed to the alleviation of poverty, especially that which affects children, and helping people to become all they were created to be.
Statement on public benefit
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 organisations who have contributed to the overall income and success of projects undertaken.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
-
Gathering a community of love and support regardless of background, belief or class for mutual support and moral instruction.
-
Giving pastoral care and support to those in crisis.
-
Mobilizing volunteers to look our for neighbours who are still affected by the aftermath of national lockdowns.
-
Gathering people for worship and community and communicating a message of hope.
-
Establishing The Beehive as a community hub in the town centre.
FINANCIAL REVIEW
Significant events
The Church has has incoming resources amounting to £68,562 resulting in a surplus of £22,799 for the year. This is compared to £37,728 and achieved a surplus of £14,966 in the previous year.
At the reporting date the charity had total funds available of £23,148 (2023: £16,073). Of these, £580 (2023: £369) were unrestricted and £22,568 (2023: £15,704) were restricted.
Reserves
The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds un-necessarily.
Going concern
The accounts are prepared on a going concern basis. The trustees are of the view that the level of reserves will support the charity going forward.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Church is governing by a CIO Foundation model, registered 30 December 2019.
Recruitment and appointment of trustees
The original board of Trustees were selected from our sending Church, Ashford Vineyard Church (charity number 1156319). There are no provisions with the constitution for selection of Trustees other than by existing Trustees.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Dover Vineyard Church Charity registration number 1187148 Principal address The Beehive Dover Stembrook
Dover
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Dover Vineyard Church Report of the Trustees Continued For the year ended 31 March 2024
Kent CT16 1PF
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Independent examiners
Dave Brittain Paul Bothamley Joanne Bothamley Elizabeth Bunton Amy Edwards - Resigned 13/11/2024 Swift Accountancy Swift Farm, Sandy Lane Ashford Kent TN26 1JN
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 29 January 2025 Dave Brittain (Director)
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Dover Vineyard Church Statement of Financial Activities For the year ended 31 March 2024
| Notes | Unrestricted | Restricted | 2024 | 2023 | |
|---|---|---|---|---|---|
| funds | funds | ||||
| £ | £ | £ | £ | ||
| Income and endowments from: | |||||
| Charitable activities | 3 | ||||
| Church activities | 29,088 | - | 29,088 | 20,913 | |
| The Beehive | - | 27,166 | 27,166 | 16,363 | |
| Other trading activites | 4 | ||||
| Shop income | - | 14,764 | 14,764 | - | |
| Investments | 5 | ||||
| Bank interest receivable | 232 | 10 | 242 | 2 | |
| Total | 29,320 | 41,940 | 71,260 | 37,278 | |
| Expenditure on: | |||||
| Raising funds | 6 | ||||
| Fundraising trading: cost of | - | (4,835) | (4,835) | - | |
| goods sold and other costs | |||||
| Charitable activities | 7/8 | ||||
| Church activities | (19,815) | - | (19,815) | (21,653) | |
| The Beehive | - | (22,235) | (22,235) | (659) | |
| Total | (19,815) | (27,070) | (46,885) | (22,312) | |
| Transfers between funds | 9 | (9,294) | 9,294 | - | - |
| Net movement in funds | 211 | 24,164 | 24,375 | 14,966 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 369 | 15,704 | 16,073 | 1,107 | |
| Total funds carried forward | 580 | 39,868 | 40,448 | 16,073 |
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Dover Vineyard Church Statement of Financial Position As at 31 March 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 15 | 59,597 | 863 |
| 59,597 | 863 | ||
| Current assets | |||
| Debtors | 16 | 739 | 632 |
| Cash at bank and in hand | 6,186 | 16,033 | |
| 6,925 | 16,665 | ||
| Creditors: amounts falling due within one year | 17 | (2,102) | (1,455) |
| Net current assets | 4,823 | 15,210 | |
| Total assets less current liabilities | 64,420 | 16,073 | |
| Net assets | 64,420 | 16,073 | |
| The funds of the charity | |||
| Restricted income funds | 18 | 39,868 | 15,704 |
| Unrestricted income funds | 18 | 580 | 369 |
| Fair value reserve | 23,972 | - | |
| Total funds | 64,420 | 16,073 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Dave Brittain Trustee 29 January 2025
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Dover Vineyard Church Notes to the Financial Statements
For the year ended 31 March 2024
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.
Dover 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 accounts are prepared on a going concern basis. The trustees are of the view that the level of reserves will support the charity going forward.
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 are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the note to the financial statements.
Incoming resources
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Gift Aid receiveable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have been specified otherwise.
Resources expended
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Taxation
The charity is exempt from tax on its charitable activities.
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:
Land and Buildings 10% Straight line Plant and Machinery 20% Reducing balance Computer Equipment 20% Straight line
Debtors
Debtors are measured on initial recognition at settlement amount after any trade discounts or amounts advanced by the charity. Subsequently, they are measured at the cas or other consideration expected to be received.
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Dover Vineyard Church Notes to the Financial Statements Continued
For the year ended 31 March 2024
Grants
Grant income is recognised in the financial statements when the chairty is entitled to the income, it is proably that the funds will be received, and the amount can be reliably measured. Income is deferred where conditions must be fulfilled before entitlement, and it is only recognised when those conditions are met.
Grants received for the purchase or construction of fixed assets are reognised as restricted income and released to the Statement of FInancial Activities over the useful life of the asset, matching the depreciation charged. This effectively reduces the reported cost of the asset over time.
3. Income from charitable activities
| Church activities Donations and gifts received Gift aid received The Beehive Donations received Income from charitable activities |
Unrestricted funds £ 21,713 7,375 29,088 - - - 29,088 |
Restricted funds £ - - - 11,708 15,458 27,166 27,166 |
2024 £ 21,713 7,375 29,088 11,708 15,458 27,166 56,254 |
2023 £ 16,389 4,524 |
|---|---|---|---|---|
| 20,913 - 16,363 |
||||
| 16,363 | ||||
| 37,276 |
4. Income earned from other activities
Restricted funds
Shop income
| 2024 £ 14,764 14,764 |
2023 £ - |
|---|---|
| - |
5. Investment income
| Bank interest receivable | Unrestricted funds £ 232 232 |
Restricted funds £ 10 10 |
2024 £ 242 242 |
2023 £ 2 |
|---|---|---|---|---|
| 2 |
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Dover Vineyard Church Notes to the Financial Statements Continued
For the year ended 31 March 2024
6. Expenditure on other trading activities
| xpenditure on other trading activities | ||
|---|---|---|
| Restricted funds Shop costs |
2024 £ 4,835 4,835 |
2023 £ - |
| - |
7. Costs of charitable activities by fund type
| osts of charitable activities by fund type | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | 2024 | 2023 | |
| funds | funds | |||
| £ | £ | £ | £ | |
| Church activities | 18,576 | - | 18,576 | 20,824 |
| The Beehive | - | 22,235 | 22,235 | 659 |
| Support costs | 1,239 | - | 1,239 | 829 |
| 19,815 | 22,235 | 42,050 | 22,312 | |
| osts of charitable activities by activity type | ||||
| Activities | Support | 2024 | 2023 | |
| undertaken | costs | |||
| directly | ||||
| £ | £ | £ | £ | |
| Support costs | ||||
| Church activities | 18,576 | 1,239 | 19,815 | 21,653 |
| The Beehive | 22,235 | - | 22,235 | 659 |
| 40,811 | 1,239 | 42,050 | 22,312 |
8. Costs of charitable activities by activity type
9. Transfers between funds
Transfers between funds represent the movement of resources from one category of funds to another. They are excluded from the income and expenditure to avoid overstating the charity's financial activities.
10. Analysis of support costs
| Analysis of support costs | ||
|---|---|---|
| Church activities Finance Governance costs |
2024 £ 299 940 1,239 |
2023 £ 289 540 |
| 829 |
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Dover Vineyard Church Notes to the Financial Statements Continued
For the year ended 31 March 2024
11. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| This is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of owned fixed assets | 3,140 | (314) |
| Accountancy fees | 940 | 540 |
| Trustees' remuneration | 20,979 | 12,659 |
| Trustees' pension contributions | 221 | - |
12. Staff costs and emoluments
Total staff costs for the year ended 31 March 2024 were:
| Salaries and wages Pension costs Senior Pastors |
2024 £ 20,979 221 21,200 2024 0 0 |
2023 £ 12,659 - |
|---|---|---|
| 12,659 | ||
| 2023 2 |
||
| 2 |
13. Trustee remuneration and related party transactions
During the year D Brittain is a trustee. He received remuneration of £4,220 (2023: £4,220) for his role as senior pastor.
During the year L Brittian is a connected party to a trustee. She received total remuneration of £16,759 (2023: £8,439) for her roles as senior pastor and Beehive manager.
These payments are permitted by the trust deed and are not on account of their position as trustees.
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Dover Vineyard Church Notes to the Financial Statements Continued
For the year ended 31 March 2024
14. Comparative for the Statement of Financial Activities
| Unrestricted | Restricted | 2023 | |
|---|---|---|---|
| funds | funds | ||
| £ | £ | £ | |
| Income and endowments from: | |||
| Charitable activities | 20,913 | 16,363 | 37,276 |
| Investments | 2 | - | 2 |
| Total | 20,915 | 16,363 | 37,278 |
| Expenditure on: | |||
| Charitable activities | (21,653) | (659) | (22,312) |
| Total | (21,653) | (659) | (22,312) |
| Transfers between funds | 887 | (887) | - |
| Net movement in funds | 149 | 14,817 | 14,966 |
| Reconciliation of funds | |||
| Total funds brought forward | 220 | 887 | 1,107 |
| Total funds carried forward | 369 | 15,704 | 16,073 |
| 15. Tangible fixed assets | ||||
|---|---|---|---|---|
| Land and | Plant and | Computer | ||
| Cost or valuation | Buildings | Machinery | Equipment | Total |
| £ | £ | £ | £ | |
| At 01 April 2023 | - | - | 2,159 | 2,159 |
| Additions | 58,754 | 3,120 | - | 61,874 |
| At 31 March 2024 | 58,754 | 3,120 | 2,159 | 64,033 |
| Depreciation | ||||
| At 01 April 2023 | - | - | 1,610 | 1,610 |
| Charge for year | 2,448 | 260 | 118 | 2,826 |
| At 31 March 2024 | 2,448 | 260 | 1,728 | 4,436 |
| Net book values | ||||
| At 31 March 2024 | 56,306 | 2,860 | 431 | 59,597 |
| At 31 March 2023 | - | - | 549 | 549 |
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Dover Vineyard Church Notes to the Financial Statements Continued
For the year ended 31 March 2024
16. Debtors
| Amounts due within one year: Trade debtors Prepayments and accrued income Other debtors Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
2024 £ 609 130 - 739 2024 £ 282 805 1,015 2,102 |
2023 £ 344 228 60 |
|---|---|---|
| 632 | ||
| 2023 £ 610 305 540 |
||
| 1,455 |
17. Creditors: amounts falling due within one year
18. Movement in funds
Unrestricted Funds
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
|---|---|---|---|---|---|
| 01/04/2023 | resources | resources | 31/03/2024 | ||
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 369 | 29,320 | (19,815) | (9,294) | 580 |
| 369 | 29,320 | (19,815) | (9,294) | 580 | |
| Unrestricted Funds - Previous year | |||||
| Balance at | Incoming | Outgoing | Transfers | Balance at | |
| 01/04/2022 | resources | resources | 31/03/2023 | ||
| £ | £ | £ | £ | £ | |
| General | |||||
| General | 220 | 20,915 | (21,653) | 887 | 369 |
| 220 | 20,915 | (21,653) | 887 | 369 |
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Dover Vineyard Church Notes to the Financial Statements Continued
For the year ended 31 March 2024
Purpose of unrestricted Funds
General
The general fund is for church activities.
Restricted Funds
| The Beehive Restricted Funds - Previous year Stranded Lorries The Beehive |
Balance at 01/04/2023 £ 15,704 15,704 Balance at 01/04/2022 £ 887 - 887 |
Incoming resources £ 41,940 41,940 Incoming resources £ - 16,363 16,363 |
Outgoing resources £ (27,070) (27,070) Outgoing resources £ - (659) (659) |
Transfers £ 9,294 9,294 Transfers £ (887) - (887) |
Balance at 31/03/2024 £ 39,868 |
|---|---|---|---|---|---|
| 39,868 | |||||
| Balance at 31/03/2023 £ - 15,704 |
|||||
| 15,704 |
Purpose of restricted funds
Stranded Lorries
To offer support to those affected by ongoing issues at the Port of Dover.
With the consent of donors the fund was closed in December 2022 and the remaining balance transferred to unrestricted funds.
The Beehive
The Beehive is a secondhand clothing boutique that offers a personal shopping service to ladies who come in for clothing. Some ladies are referred to The Beehive by social services or GPs etc and will then be given clothes for free. The Beehive also runs life-skills groups from its property in Dover.
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Dover Vineyard Church Notes to the Financial Statements Continued
For the year ended 31 March 2024
19. Analysis of net assets between funds
| Unrestricted funds General General Restricted funds The Beehive Previous year Unrestricted funds General General Restricted funds The Beehive |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 431 149 580 59,166 4,674 63,840 |
|---|---|
| 59,597 4,823 64,420 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 863 (494) 369 - 15,704 15,704 |
|
| 863 15,210 16,073 |
The other reserve represents grants received for capital expenditure. These are released to the Statement of Financial Activties over the useful life of the asset, matching the depreciation charged. This effectively reduces the reported cost of the asset over time.
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