2022-03-31-accounts - Thetford Vineyard Church

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Independent Examiner’s Report to the Thetford Vineyard Church (Charity No. 1188794) on the Financial Statements for the Year Ended 31st March 2022

Respective Responsibilites of Trustees & Examiner

The charity's trustees are responsible for the preparation of the accounts. The

charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed. It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention which would affect the figures below.

which gives me reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts, which accord with the accounting records and comply with

the accounting requirements of the Charities Act

have not been met; or

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Kieran Kenny Emerald Accountants Limited 55 Bracken Road Thetford Norfolk IP24 3DZ 30 June 2022

Thetford Vineyard Church

Annual Report and Statement of Accounts For the Year Ended 31[st] March 2022

Charity Registration Number:

1188794

Thetford Vineyard Church

Annual Report and Statement of Accounts

For the Year Ended 31st March 2022

Contents
Page 3	Legal and Administrative Information
Page 4	Trustees’ Report
Page 5	Financial Review
Page 6	Statement of Financial Activities
Page 7	Trial Balance
Page 8	Balance Sheet
Page 9	Notes to the Accounts

Thetford Vineyard Church

Legal and Administrative Information

Charity Registration Number 1188794 Date of Registration 30[th] March 2020 Start of Financial Year 1[st] April 2021 End of Financial Year 31[st] March 2022 Trustees as of 31[st] March 2022 Lorraine Burke Matthew Bush

Phillip Willcox

Governing Document

Constitution, last amended 30[th] March 2020.

Additional Information Thetford Vineyard Church is part of Vineyard Churches UK and Ireland (VCUKI). Charitable Objects To advance the Christian religion for the public benefit

To advance the Christian religion for the public benefit in accordance with the statement of faith found in the governing document in such parts of the United Kingdom and the world through:

The organisation and provision of Christian worship
The provision of such facilities and services as are appropriate for the church, to enable it to fulfil its mission to the members of the church, visitors to the church and the local community and the wider community
The provision of facilities for Christian training and service
The support and provision of Christian evangelism and outreach
The provision of assistance to the wider Christian church in its ministries.

Registered Address

29 Magdalen Street

Thetford Norfolk IP24 2BP

Primary Bankers Lloyds Bank 35 King Street Thetford IP24 2AX

Thetford Vineyard Church

Trustees’ Report

Activities and Performance

Prayer - We hold a weekly 30–40-minute prayer meeting called “The Lamp Room’ over zoom in which we pray for the town, world events and listen for prophetic leading.
Alpha - We ran the 8-week Alpha course in person. The wider church community provided food and prayer support. 6 participants attended regularly and 4 are now connecting with the ongoing activities of the church.
Growkids Thetford – Growkids has continued to develop its presence in the community. In March 2022, we gave out our 400[th] bag! Growkids has continued to not only provided clothing and shoes, but has distributed £5,000 worth of supermarket vouchers from Norfolk Community Fund and run large events such as the Growkids Grotto and the CBC Summer fete. In Dec 2021, the National Lottery awarded the project £10,000 to rent a shop unit on the Abbey Estate for 12 months. The “Growkids Lounge” will be open 2 days a week for the first 6 months (from June). As the project develops we aim to partner with wider services such as Citizens Advise (CAB) and Christians Against Poverty (CAP).
The Allotment - The community allotment has become a great place to meet and spend time together. We have continued to develop the physical structure of the space to be ready for the community to use fully.
Serve Schools – Through our Serve Schools project, we are building relationships with head teachers and staff from a range of schools. We hope to continue to help renovate spaces in schools and increasingly assist pastoral care - providing help and support for staff. This includes the offer of professional coaching to school staff.
Mid-week Life Groups – Life groups have continued to be places in which we spend time with each other and with God. We have made plenty of space to explore how we work as individuals so that we can support one another well. We encourage people to build genuine friendships.
Sunday Gatherings – We continue to meet once a month at Thetford Methodist Church – sharing a simple bring-and-share meal and worshipping together.

Financial Review

Total income during the financial year ending 30[th] March 2022 was £45,359.26
£5,813.99 Gift-Aid was claimed during the reporting period
£2,712.00 was awarded by the Norfolk Community Foundation to fund the work of Growkids Thetford
£5,000.00 was awarded by the Norfolk Community Foundation as part of the Norfolk Household Support scheme, distributed to families in need. At the end of the reporting period, £4,400.00 had been distributed
£9,951.00 was awarded by the National Lottery to fund the upcoming relocation and rent of Growkids Thetford. These funds have not yet been spent.
Total expenditure during the financial year ending 30[th] March 2021 was £13,247.65
Thetford Vineyard Church employs one member of Staff – Kate Jones, the Growkids Administrator. In the reporting period, staff costs were £860
Thetford Vineyard Church finished the year ending 30[th] March 2021 with assets of £44,886.60 (£44,547.17 cash)

Statement of Financial Activities

For the Year Ended 31st March 2022

----- Start of picture text -----
Unrestricted
£ Restricted £ Total £ Prior Year £
Incoming Resources
Donations & Legacies 21,445.00 87.3 21,532.30 15,109.68
Charitable Activities 6,008.99 17,817.97 23,826.96 511
Total incoming resources 27,453.99 17,905.27 45,359.26 15,620.68
Resources Used
Charitable Activities 6,303.54 6,944.11 13,247.65 2,845.69
Total resources used 6,303.54 6,944.11 13,247.65 2,845.69
Net Incoming / Outgoing Resources
(before transfers) 21,150.45 10,961.16 32,111.61 12,774.99
Fund Transfers In 0 0 0 0
Fund Transfers Out 0 0 0 0
Net Incoming / Outgoing Resources
(before gains/losses) 21,150.45 10,961.16 32,111.61 12,774.99
Investment Gains (or Losses) 0 0 0 0
Net Incoming / Outgoing Resources
(before Asset Revaluation) 21,150.45 10,961.16 32,111.61 12,774.99
Asset Revaluation 0 0 0 0
Net Movement of Funds 21,150.45 10,961.16 32,111.61 12,774.99
Total Funds Brought Forward 13,585.63 -810.64 12,774.99 0
Total Funds Carried Forward 34,736.08 10,150.52 44,886.60 12,774.99
Represented By
General (Unrestricted) 34,736.08 0 34,736.08 13,585.63
Hardship Fund (Restricted) 0 50 50 50
Growkids (Restricted) 0 9,500.52 9,500.52 -860.64
Norfolk Household Support Fund
(Restricted) 0 600 600 0
----- End of picture text -----

Trial Balance

For the Year Ended 31st March 2022

----- Start of picture text -----
Account Debit £ Credit £
Assets
Thetford Vineyard Church 44,547.17
Accounts Receivable 0
Prepayments 0
Fixed Assets 339.43
Liabilities
Accounts Payable 0
Deferred Income 0
Loans 0
Income
General (Unrestricted): Donations: One Off Gifts 60
General (Unrestricted): Donations: Regular Donations 21,385.00
General (Unrestricted): Gift Aid: Gift Aid 5,813.99
General (Unrestricted): Other Income: Other 195
Growkids (Restricted): Dontations: One Off Gifts 87.3
Growkids (Restricted): Other Income: Other 12,817.97
Norfolk Household Support Fund (Restricted): Other Income: Grant Income 5,000.00
Expenditure
General (Unrestricted): Admin: Accounting 48
General (Unrestricted): Admin: Equipment & Consumables 1,692.20
General (Unrestricted): Admin: Insurance 204.54
General (Unrestricted): Admin: Licences 786.95
General (Unrestricted): Admin: Safeguarding 62
General (Unrestricted): Comms: Design & Print 52.45
General (Unrestricted): Community and Outreach: Allotment 649.38
General (Unrestricted): Community and Outreach: Schools 202.37
General (Unrestricted): Community and Outreach: Youth and Kids 42.84
General (Unrestricted): Compassion: Other 259.8
General (Unrestricted): Staffing: Training 2,303.01
Growkids (Restricted): Compassion: Growkids - staff 860
Growkids (Restricted): Compassion: Growkids- Other 727.95
Growkids (Restricted): Compassion: Growkids- Rent 888.37
Growkids (Restricted): Compassion: Other 67.79
Norfolk Household Support Fund (Restricted): Compassion: Other 4,400.00
Net Gains (or Losses)
Investments 0
Reserves
Cumulative Total of Reserves up until end of last financial year 12,774.99
Cumulative Asset Revaluation 0
TOTAL 58,134.25 58,134.25
----- End of picture text -----

Balance Sheet

For the Year Ended 31st March 2022

----- Start of picture text -----
Unrestricted Restricted Prior
£ £ Total £ Year £
Current Assets
Cash 34,396.65 10,150.52 44,547.17 12,435.56
Non-Current Assets
Fixed Assets 339.43 0 339.43 339.43
Investments 0 0 0 0
Current Liabilities 0 0 0 0
Non-Current Liabilities 0 0 0 0
Total Net Assets (Assets Minus
Liabilities) 34,736.08 10,150.52 44,886.60 12,774.99
Represented By
General (Unrestricted) 34,736.08 34,736.08 13,585.63
Hardship Fund (Restricted) 50 50 50
Growkids (Restricted) 9,500.52 9,500.52 -860.64
Norfolk Household Support Fund
(Restricted) 600 600 0
----- End of picture text -----

Notes to the Accounts

GIFT-AID As a registered charity, Thetford Vineyard Church is eligible to claim Gift-Aid. In the financial year ending 31[st] March 2022, £5,813.99 Gift-Aid was claimed from HMRC.

PAYMENTS TO SENIOR PASTORS AND TRUSTEES Senior Pastors and trustees are currently unpaid. No other payments were made to trustees or any persons connected with them during this financial period. No other material transaction took place between the organisation and a trustee or any person connected with them.

RISK ASSESSMENT The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

RESERVES POLICY 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 unnecessarily.

PUBLIC BENEFIT The charity acknowledges its’ requirement to demonstrate clearly that It must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission’s guidance on public benefit before deciding what activities the charity should undertake.

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