## **Trustees’ annual report for the period** **From: Period start date 1 January 2023 To: Period end date 31 December 2023 Charity name: Vertical Church Yeovil** **Charity registration number: 117354** ## **Objectives and activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|THE ADVANCEMENT OF THE CHRISTIAN
RELIGION ABOUT THE CHRISTIAN RELIGION| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|MAINLY, BUT NOT EXCLUSIVELY, BY MEANS
OF BROADCASTING CHRISTIAN MESSAGES
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
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|THE TRUSTEES HAVE HAD REGARD TO THE
CHARITY
COMMISSION
GUIDANCE
ON
PUBLIC BENEFIT.| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and performance** |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|WORSHIP AND PRAYER: ALL ARE WELCOME
TO ATTEND OUR REGULAR SERVICES. AT
PRESENT THERE ARE 54 MEMBERS OF THE
CHURCH, AND WE HAVE 2-5 VISITORS EVERY
SUNDAY. EUCHARISTIC WORSHIP IS AT THE
CENTRE OF OUR CHURCH LIFE. MASS IS
CELEBRATED ON SUNDAY EVERY OTHER
WEEK.
THE
CHILDREN
AND
YOUNGER
MEMBERS OF THE CHURCH TAKE AN ACTIVE
PART IN KIDS MINISTRY AS SINGERS AND
READERS, PARTICIPATING AT GAMES AND
CRAFT ACTIVITIES. FOR A CHURCH, AND
FOR
LOCAL
FAMILIES
AND
THEIR
NEIGHBOURS,
OCCASIONS
SUCH
AS
WEDDINGS AND BAPTISMS ARE SIGNIFICANT
AT SEVERAL LEVELS, BOTH AS SPECIAL
EVENTS OF THE CHURCH AND ALSO AS
AFFIRMATIONS
OF
FAMILY
LIFE
AND
RELATIONSHIPS.
WE
HAD
A
BAPTISM
SERVICE OF 2 PERSONS IN MAY 2023.
VARIOUS
CHURCH
ACTIVITIES
IN
2023
HELPED TO STRENGTHEN OUR LINKS WITH
CHURCHES
AND
ORGANISATIONS
ELSEWHERE. WE WERE INVITED TO A
CONFERENCE IN ARAD, ROMANIA AND OUR
WORSHIP TEAM HAD A CONSTRUCTIVE TIME
AWAY.
PASTORAL CARE: IN 2023 THE PASTOR AND
THE ELDER LOOKED AFTER ALL MEMBERS
OF THE CHURCH. WE PREPARED THE
CHURCH
SERVICES
AND
ALL
OTHER
CHURCH ACTIVITIES. AS CHRISTIANS WE
BELIEVE THAT PEOPLE'S SPIRITUAL NEEDS
CANNOT
BE
ADDRESSED
WITHOUT
CONSIDERING THEIR PHYSICAL NEEDS. THE
CHURCH
HELPED
FINANCIALLY
TWO
FAMILIES WHO WERE IN NEED.
ECUMENICAL
RELATIONSHIPS:
IT
IS
IMPORTANT TO US TO EMPHASISE AND
DEVELOP
OUR
LINKS
WITH
FELLOW-
CHRISTIANS OF OTHER DENOMINATIONS AS
WE SEEK TO MAKE KNOWN THE LOVE OF
CHRIST. WE HAD SEVERAL GUESTS COING
TO
PREACH
STRENGTHENING
OUR
RELATIONSHIP WITH OTHER CHURCHES.
VOLUNTEERS: WE ARE MOST GRATEFUL TO
ALL THE VOLUNTEERS WHOSE HARD WORK
MAKES VERTICAL CHURCH YEOVIL A LIVELY,
WELCOMING AND OUTGOING COMMUNITY.| |---|---|---| **Additional information (optional)** You may choose to include further statements where relevant about: Para 1.41 Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Para 1.41 Investment performance against objectives Other ## **Financial review** |**Financial review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|THE CHARITY HAS CASH FUNDS AT THE
YEAR END OF £47,186, ALL OF WHICH IS
UNRESTRICTED.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|IT IS THE POLICY OF THIS CHURCH TO HOLD
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 of reserves held|Para 1.22|THE VERTICAL CHURCH YEOVIL BELIEVES
THAT, AT PRESENT, WE HAVE £10,000 IN
RESERVES ABOVE WHAT IS REQUIRED AND
WILL CONSIDER HOW THESE FUNDS MIGHT
BE
USED
FOR
LOCAL
MISSION
AND
OUTREACH.| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|NO FUNDS ARE IN DEFICIT| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|NO UNCERTAINTIES ABOUT THE CHARITY
CONTINUING AS A GOING CONCERN. THE
CHARITY
HAS
SUFFCIENT
FUNDS
TO
OPERATE FOR THE FORESEEABE FUTURE.| **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|THE CHARITY’S PRINCIPAL SOURCES
OF FUNDS IS FROM DIRECT MEMBERS
DONATIONS AND SUNDAY
COLLECTIONS.| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, governance and management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document:
for example,trust deed,
memorandum and articles of
association etc|Para 1.25|CIO – FOUNDATION – REGISTERED 14
JANUARY 2020| |How is the charity
constituted?
for example limited company,
unincorporated association,
CIO|Para 1.25|CIO – FOUNDATION – REGISTERED 14
JANUARY 2020| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**APPOINTED CHARITY TRUSTEES**
(A) APART
FROM
THE
FIRST
CHARITY
TRUSTEES,
EVERY APPOINTEDTRUSTEE
MUST
BE
APPOINTED
FOR
A
TERM
OF THREE YEARS
BY
A
RESOLUTION
PASSED
AT
A
PROPERLY
CONVENED
MEETING OF THE CHARITY TRUSTEES.
(B) IN
SELECTING
INDIVIDUALS
FOR
APPOINTMENT
AS APPOINTEDCHARITY
TRUSTEES, THE CHARITY TRUSTEES MUST
HAVE REGARD TO THE SKILLS, KNOWLEDGE
AND
EXPERIENCE
NEEDED
FOR
THE
EFFECTIVE ADMINISTRATION OF THE CIO.
10.2**EX OFFICIO TRUSTEE**
(A) THE PASTOR FOR THE TIME BEING ("THE
OFFICE HOLDER") SHALL AUTOMATICALLY
("EX OFFICIO") BE A CHARITY TRUSTEE, FOR
AS LONG AS HE OR SHE HOLDS THAT
OFFICE.
(B) IF UNWILLING TO ACT AS A CHARITY
TRUSTEE, THE OFFICE HOLDER MAY:
(I) BEFORE ACCEPTING APPOINTMENT AS A
CHARITY TRUSTEE, GIVE NOTICE IN WRITING
TO
THE
TRUSTEES
OF
HIS
OR
HER
UNWILLINGNESS TO ACT IN THAT CAPACITY;
OR| (II) AFTER ACCEPTING APPOINTMENT AS A CHARITY TRUSTEE, RESIGN UNDER THE PROVISIONS CONTAINED IN CLAUSE 12 (RETIREMENT AND REMOVAL OF CHARITY TRUSTEES). (C) THE OFFICE OF EX OFFICIO CHARITY TRUSTEE WILL THEN REMAIN VACANT UNTIL THE OFFICE HOLDER CEASES TO HOLD OFFICE. 10.3 **NOMINATED TRUSTEES** (A) DR CIPRIAN COCIUBA, MR RUBEN PETRIC AND MR OVIDIU MOCANU ("THE APPOINTING BODY") MAY APPOINT FOUR CHARITY TRUSTEES. (B) ANY APPOINTMENT MUST BE MADE AT A MEETING HELD ACCORDING TO THE ORDINARY PRACTICE OF THE APPOINTING BODY. (C) EACH APPOINTMENT MUST BE FOR A TERM OF THREE YEARS. (D) THE APPOINTMENT WILL BE EFFECTIVE FROM THE LATER OF: (I) THE DATE OF THE VACANCY; AND (II) THE DATE ON WHICH THE CHARITY TRUSTEES OR THEIR SECRETARY OR CLERK ARE INFORMED OF THE APPOINTMENT. (E) THE PERSON APPOINTED NEED NOT BE A MEMBER OF THE APPOINTING BODY. (F) A TRUSTEE APPOINTED BY THE APPOINTING BODY HAS THE SAME DUTY UNDER CLAUSE 9.1 (FUNCTIONS AND DUTIES OF CHARITY TRUSTEES) AS THE OTHER CHARITY TRUSTEES TO ACT IN THE WAY HE OR SHE DECIDES IN GOOD FAITH WOULD BE MOST LIKELY TO FURTHER THE PURPOSES OF THE CIO. ## **Additional information (optional)** You may choose to include further statements where relevant about: Para 1.51 Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Other Reference and administrative details |Charity name|Vertical Church Yeovil| |---|---| |Other name the charity uses|| |Registered charity number|1187354| |Charity’s principal address|YEOVIL BAPTIST CHURCH
SOUTH STREET
YEOVIL
BA20 1QF| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Ruben Cristian
Petric|Trustee||| ||Ovidiu Emanuel
Mocanu|Trustee||| ||Dr Ciprian Cociuba|Chair||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved ## **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (optional information)** |**Names and addresses of advisers (optional information)**|**Names and addresses of advisers (optional information)**|**Names and addresses of advisers (optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |||| |||| |||| |||| |**Name of chief executive or names of senior staff members (optional information)**||| |||| ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** C Cociuba **Signature(s)** Dr C Cociuba **Full name(s)** Dr C Cociuba R C Petric O E Mocanu **Position (for example** Trustees **Secretary, Chair, etc) Date** 30/10/2024 **Vertical Church Yeovil** Independent Examiner’s Report to the Trustees For the Year Ended 31 December 2023 ## **Independent examiners report to the Trustees of Vertical Church Yeovil** I report to the trustees on my examination of the accounts for Vertical Church Yeovil (“the charity”) for the year ended 31 December 2023. ## **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 respect of the charity as required by section 130 of the 2011 Act; or 2. the accounts do not comply with these records 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. ## **Michelle Ferris BSc (Hons) FCA DChA** Albert Goodman LLP Goodwood House Blackbrook Park Avenue Taunton Somerset TA1 2PX Date: 30 October 2024 ||**Vertical Church Yeovil**
|**Vertical Church Yeovil**
|**Vertical Church Yeovil**
|**Vertical Church Yeovil**
|**CC16a**| |---|---|---|---|---|---| ||**For the period**
**from**|01-Jan-23
Period start date|**To**||| ||||||| |**Section A Receipts and payments**|||||| |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest £**
**-**
**34,059**
**7,325**
**3,150**
**422**
**-**

**44,956**
**-**
**-**
**-**
**44,956**
**3,687**
**317**
**9,530**
**3,600**
**4,950**
**5,790**
**1,920**
**5,450**
**10,452**
**45,696**
**-**
**-**
**-**
**45,696**
**- 740**
**-**
**47,926**
**47,186**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**|**Total funds**
**to the nearest £**
**-**
**34,059**
**7,325**
**3,150**
**422**
**-**
**44,956**
**-**
**-**
**-**
**44,956**
**3,687**
**317**
**9,530**
**3,600**
**4,950**
**5,790**
**1,920**
**5,450**
**10,452**
**45,696**
**-**
**-**
**-**
**45,696**
**- 740**|**Last year**
**to the nearest £**| ||**-**||**-**
**-**
**-**
**-**
**-**
**-**
**-**||**-**| |Contributions|**34,059**||||**28,803**| |Donations|**7,325**||||**8,910**| |Summer Camp|**3,150**||||**-**| |Conference|**422**||||**-**| ||**-**||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|
**44,956**||||**37,713**| ||||||| |**A2 Asset and investment sales,**
**(see table).**|||||| ||**-**||**-**
**-**
**-**||| ||**-**||||**-**| |**_Sub total_**|**-**||||**-**| |**_Total receipts_**
**A3 Payments**|||||| ||||**-**||**37,713**| ||||||| |
Sundayschool expenses|**3,687**||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**||**1,698**| |Welcome expenses|**317**||||**321**| |Media expenses|**9,530**||||**371**| |Pastor Expenses|**3,600**||||**3,600**| |Rent|**4,950**||||**1,200**| |Donations|**5,790**||||**6,427**| |Other expenses|**1,920**||||**1,779**| |Leaders trainingexpenses|**5,450**||||**2,280**| |Special events|**10,452**||||**11,343**| |**_Sub total_ **|**45,696**||||**29,019**| ||||||| |**A4 Asset and investment**
**purchases (see table)**|||||| |**,**|**-**||**-**
**-**
**-**||| ||**-**||||| |**_Sub total_ **|**-**||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||| ||||**-**||**29,019**| ||||||| ||**- 740**||
**-**||**8,694**| ||**-**||**-**
**-**|**-**
**47,926**|**-**| ||**47,926**||||**39,232**| ||**47,186**||
**-**|**47,186**|**47,926**| CCXX R1 accounts (SS) 30/10/2024 1 |**Section B Statement of assets and liabilities at**|**Section B Statement of assets and liabilities at**|**the end of the period**|| |---|---|---|---| |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B1 Cash funds**
**B2 Other monetary assets**
**B4 Assets retained for the**
**charity’s own use**
**B5 Liabilities**
**B3 Investment assets**|Signature
C Cociuba
Independent Examiners Fee
**Details**
**Details**
Bank account
**Details**
**Details**
**_Total cash funds_**
(agree balances with receipts and payments
account(s))
Gift aid debtor
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**47,186**
**-**
**-**
**-**
**-**
**-**
**47,186**
**-**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**9,918**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
Unrestricted
1,150
**-**
**-**
**-**
**-**
Print Name
Ciprian Cociuba|**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||C Cociuba|Ciprian Cociuba|30/10/2024| ||||| ||||| CCXX R2 accounts (SS) 30/10/2024 2