2021-01-31-accounts - Vertical Church Yeovil

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Objectiv	es and	activ	itie	s
				SORP reference
Summary	ofthe purposes		of	Para 1.17	THE ADVANCEMENT OF THE CHRISTIAN
the charity as set out		in its			RELIGION ABOUT THE CHRISTIAN RELIGION
ove min	document
Summary activities	ofthe main in relation to those			Para 1.17and 1.19	MAINLY, BUT NOT EXCLUSIVELY, BY MEANS OF BROADCASTING CHRISTIAN MESSAGES
purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.					OF AN EVANGELISTIC AND TEACHING NATURE. TO ADVANCE THE CHRISTIAN RELIGION, MAINLY AMONG ROMANIAN NATIONALS LIVING IN ENGLAND, FOR THE BENEFIT OF THE PUBLIC THROUGH THE
					HOLDING OF PRAYER MEETINGS,
					LECTURES, PUBLIC CELEBRATION OF
					RELIGIOUS FESTIVALS. PRODUCING AND/OR
					DISTRIBUTING LITERATURE ON
					CHRISTIANITY TO ENLIGHTEN OTHERS
Statement	confirming			Para 1.18	THE TRUSTEES HAVE HAD REGARD TO THE
whether the trustees		have			CHARITY COMMISSION GUIDANCE ON
had regard to the guidance					PUBLIC BENEFIT.
issued by	the Charity
Commission on public
benefit

Policy on	grant making	grant making	Para 1.38
Policy on	social investment		Para 1.38
including	program	related
investment
Contribution made		by	Para 1.38
volunteers

AND THE LEADERS OF THE BAPTIST
CHURCH IN YEOVIL, SO WE CAN SUPPORT
AND ENCOURAGE EACH OTHER.
VOLUNTEERS: WE ARE MOST GRATEFUL TO
ALL THE VOLUNTEERS WHOSE HARD WORK
MAKES VERTICAL CHURCH YEOVIL A LIVELY,
WELCOMING AND OUTGOING COMMUNITY.

Financ	i	al review	al review	al review
Review		ofthe charity's			Para 1.21	THE CHARITY HAS CASH FUNDS AT THE
financial		position	at	the end		YEAR END OF F19,287, ALL OF WHICH IS
ofthe	eriod					UNRESTRICTED.
Statement explaining				the	Para 1.22	IT ISTHE POLICY OF THIS CHURCH TO HOLD
policy for holding stating why they			reserves are held			IN RESERVES THE EQUIVALENT OF TWO MONTHS GENERAL RUNNING COSTS AND AN ADDITIONAL ONE MONTH'S SALARY COSTS.
						IT IS ALSO OUR POLICY TO HOLD AN
						AMOUNT FOR UNEXPECTED EXPENDITURE.
						THIS POLICY WILL BE REVIEWED IN TWELVE
						MONTHS' TIME, APART FROM THE MISSION
						PROJECT ELEMENT WHICH WILL BE
						REVIEWED IN SIX MONTHS' TIME WHEN THE
						SITUATION IS CLEARER.
Amount		ofreserves		held	Para 1.22	THE VERTICAL CHURCH YEOVIL BELIEVES
						THAT, AT PRESENT, WE HAVE F10,000 IN
						RESERVES ABOVE WHAT IS REQUIRED AND
						WILL CONSIDER HOW THESE FUNDS MIGHT
						BE USED FOR LOCAL MISSION AND
						OUTREACH.
Reasons		for holding		zero	Para 1.22	N/A
reserves

Details offund materially	Para 1.24	NO FUNDS ARE IN DEFICIT
deficit
Explanation of any	Para 1.23	NO UNCERTAINTIES ABOUT THE CHARITY
uncertainties about the		CONTINUING AS A GOING CONCERN. THE
charity continuing as a going concern		CHARITY HAS SUFFCIENT FUNDS TO OPERATE FOR THE FORESEEABE FUTURE.

The charity's principal	Para 1.47
sources offunds (including
any fundraising)
Investment policy and	Para 1.46
objectives including any
social investment policy
adopted
A description ofthe principal	Para 1.46
risks facing the charity

tructure, governance	and manag	ement
Description of charity's
trusts:
Type of governing document:	Para 1.25	CIO —FOUNDATION —REGISTERED 14
for example,		JANUARY 2020
How is the charity	Para 1.25	CIO —FOUNDATION —REGISTERED 14
constituted?		JANUARY 2020
Trustee selection methods	Para 1.25	APPOINTED CHARITY TRUSTEES
including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more		(A) APART FROM THE FIRST CHARITY TRUSTEES, EVERYAPPOINTEDTRUSTEE MUST BE APPOINTED FOR A TERM OF THREE YEARS BY A RESOLUTION PASSED AT A PROPERLY CONVENED MEETING OF THE CHARITY TRUSTEES.
trustees		(B) IN SELECTING INDIVIDUALS FOR
		APPOINTMENT AS APPOINTEDCHARITY
		TRUSTEES, THE CHARITY TRUSTEES MUST
		HAVE REGARD TO THE SKILLS, KNOWLEDGE

ames	ofthe	charity trust	ees who manage	the charity
	Trustee	name	Office (ifany)	Dates acted ifnot for whole ear	Name to a	ofperson (or body) entitled oint trustee ifan
	Ruben	Cristian	Trustee
	Petric
	Ovidiu	Emanuel	Trustee
	Mocanu
3	Dr Ciprian Cociuba		Chair
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

The trustees declare that they have appro	The trustees declare that they have appro	v	ed the trust
Signed on behalf ofthe charity's trustees
		~
Signature(s)
Full name(s)	c ~:~A		C~c,'uL.
Position (for example
Secretary, Chair,	etc)		iC
	Date
	10H		ZI

O CHARITY COMMISSION F0' EN(jLANQ ANQ WALf5	O CHARITY COMMISSION F0' EN(jLANQ ANQ WALf5	O CHARITY COMMISSION F0' EN(jLANQ ANQ WALf5	O CHARITY COMMISSION F0' EN(jLANQ ANQ WALf5	O CHARITY COMMISSION F0' EN(jLANQ ANQ WALf5	O CHARITY COMMISSION F0' EN(jLANQ ANQ WALf5	O CHARITY COMMISSION F0' EN(jLANQ ANQ WALf5		Vertical Church Yeovil Receipts	Vertical Church Yeovil Receipts	Vertical Church Yeovil Receipts	Vertical Church Yeovil Receipts	and payments	and payments	accounts		CC&6a
								For the period from				14-Jan-20	To	31-Dec-20
		'
			-	-
~						~	~	~
								Unrestricted funds				Restricted funds	Endowment funds	Total	funds	Last year
								tothe nearest 5			to the nearest f		tothe nearest 5	to the nearest 5		tothe nearest 5
A1 Receipts
Contributions									20,839						20,839
Donations										8,870					8,870
Opening funds	donated									7,&13					7,813
Sub total(Gross				income for AR)					37,522						37,522
A2 Asset and		investment				sales,
(see table).
					Sub total
			Total			receipts			37,522						37,522
A3 Payments
Sunday school	expenses									317					317
Welcome expenses										139					139
Media expenses										878					878
Pastor Expenses										3,200					3,200
Rent										1,000					1,000
Donations										9,001					9,001
Other expenses										630					630
Leaders training		expenses								1,885					1,885
Special events										1,185					1,185
					Sub total				18,235						18,235
A4 Asset and		investment
purchases,	(see table)
					Sub total
		Total		payments					18,235						18,235
Net ofreceiptsi(payments)									19,287						19,287
A5 Transfers		between			funds
A6 Cash funds last year						end
Cash funds			this		year end				19,287						19,287

	a		~		~	~	~	~	~ ~
						Unrestricted		Restricted		Endowment
	Caeegor'les		Detaiis			funds			funds		funds
						to nearest	K	to	nearest K	to	nearest E
B1Cash	funds		Bank account1			19,187
			Bank account 2				100
			Total		cash funds	19,28?
			(agree balances with	receipts and payments
					account(s))
						Unrestricted		Restricted		Endowment
						funds			funds		funds
			Details			to nearest	K	to	nearest f	to	nearest f
B2Other	monetary assets
			Details			Fund to which asset helen s		Cost (optional)		Current value o tional
B3Investment		assets
			Details			Fund to which asset belon s		Cost (optional)		Current value o tional
B4Assets retained forthe
charity's	own	use
						Fund to which		Amount due		When due
			Details			liabili relates			o tional		o tional
B5Liabilities
Signed by one ortwo trustees on behalf ofall the trustees			Sign	tIre			Print	Name		Date of a roval
						r
								Ca		Io	'/ ~t