## Enfield Vineyard
Report and Accounts Year ended 31 March 2024
1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk
## **ENFIELD VINEYARD**
## **LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024**
ADDRESS FOR CORRESPONDENCE 32 Brigadier Hill Enfield EN2 0NQ GOVERNING DOCUMENT CIO constitution dated 16 September 2020 CHARITY REGISTRATION NUMBER 1191391 TRUSTEES RESPONSIBLE FOR David Cross MANAGING THE CHARITY Chandru Dissanayeke Wai-Ling Penn Robert Mammen Clare Theodoreson Kate Turnpenny Jamie Parnell BANKERS Lloyds Bank plc Kingdom Bank Limited INDEPENDENT EXAMINER Jaimée Young Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
## **INDEX**
Page 1 Legal and Administrative Details Pages 2-4 Trustees' Report Page 5 Independent Examiner's Report Page 6 Receipts and Payments Account Page 7 Statement of Assets & Liabilities Pages 8-9 Notes to the Accounts
Page 1
## **ENFIELD VINEYARD**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **Objects of the charity**
The charity is a charitable incorporated organisation and is governed by its constitution. The objects of the charity, as set out in the governing document are:
1) For purposes of Christian worship, to advance the Christian faith including missionary activities in the United Kingdom and overseas and provide relief to the poor, sick and needy;
2) To advance in life and help young people through
a) the provision of recreational and leisure time activities with a Christian emphasis, including provision of a youth centre, provided in the interest of social welfare, designed to improve their conditions in life; and
(b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
The trustees note that the Church is not a building, but a gathering of people whose lives have been changed by Jesus Christ, the Son of God. Enfield Vineyard; its trustees, pastors and members are committed to loving and serving Jesus Christ by caring for each other and being a blessing to the area in which they live.
## **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:
## **Church Congregation**
Our congregation continues to grow with approximately 110 regular adults; with an average weekly attendance of approximately 90 adults and 25 children.
Life Groups are our midweek gatherings [made up of 6-10 people] that meet in homes across the local area. 70% of the congregations are currently part of a Life Group.
**The Gym** serves approximately 250 people a month; with 137 members and 111 pay as you go users. Over 95% of our gym are from the local community i.e. non-church.
It has been the team’s joy to build friendships, pray for and share our faith with those who use our services over the past year.
**Growbaby** continues to provide good quality new and second-hand baby clothes and equipment (for children aged 0-5 years), completely free of charge to anyone who needs it. Growbaby runs during term times, with the team seeing up to 15 clients per week.
Page 2
**Little Treasures** is our baby and toddler group for under 5’s and runs weekly during term times. The heart behind the group is to create a space where parents/carers and their children would feel valued, build friendships and have fun playing together. Our sessions are free in an attempt to make them accessible to everyone in our community. We continue to see over 70 families on a regular basis, including families from Growbaby and CAP.
## **Christians Against Poverty (CAP)**
We continue to partner with CAP through our Debt Centre and this year we have seen 5 clients become debt free. Alongside the debt centre we offer Job Club for those seeking to gain the skills and confidence they need to get back into work and we have launched Life Skills; an eight session course which offers practical activities and informal discussions on money saving techniques, cooking on a budget, healthy living and making your money go further.
## **Hope & Healing**
In December 2023 we launched Hope & Healing; a counselling and therapy service intended to support people from our local community. Following an initial assessment, we offer up to six in-person or online sessions with one of our qualified and accredited counsellors. We have been able to offer the service to 6 clients since launching.
Most of the charity's activities are undertaken by volunteers and the charity could not operate effectively without their efforts. In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
We have regular hall hirers who make use of our facilities throughout the week.
## **Financial review**
Income increased by £17,600 across the year to £204,800. Expenditure increased by £52,400 to £221,800. This resulted in a deficit of £17,000. The charity ended the year with a cash balance of £141,300 of which £133,900 is unrestricted and can be used for any purpose.
## **Reserves policy**
The trustees have determined that the charity should aim to hold the equivalent of 3 months' unrestricted expenditure (approx. £55,000) in reserves, 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 £133,900 and the charity is currently complying with its reserves policy.
## **Structure, Governance and Management**
Responsibility for setting policy and for determining the parameters within which the charity should operate rests with the trustees who meet regularly to monitor the activities of the charity. Responsibility for operational decisions and day to day management of the charity has been delegated to a senior management team led by the Senior Pastor, Jamie Parnell. New trustees are recruited and appointed by the existing trustees, through a majority vote.
Page 3
## **Key risks and uncertainties**
The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.
## **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:
## C.Dissanayeke
C.Dissanayeke (Sep 2, 2024 05:56 GMT+1)
____________________________
Chandru Dissanayeke
Date:_______________________ Sep 2, 2024
Page 4
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **ENFIELD VINEYARD**
I report to the trustees on my examination of the accounts of Enfield Vineyard ('the charity') for the year ended 31 March 2024 on pages 6 to 9 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 (Sep 2, 2024 08:49 GMT+1)J. Young
Jaimée Young
Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date: Sep 2, 2024
Page 5
## **ENFIELD VINEYARD**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 MARCH 2024**
||||||||Unrestricted|Funds|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||General|Designated||Restricted|Total|Total|
||||||||Funds||Funds|Funds|2024|2023|
|||||||Notes|£||£|£|£|£|
|**_Income receipts_**|||||||||||||
|Donations|||||||76,931||-|-|76,931|63,604|
|Gift aid receipts|||||||17,083||-|-|17,083|14,824|
|Other grants|||||||-||-|11,664|11,664|30,800|
|Charitable activities - gym (including café)|||||||32,150||-|-|32,150|7,261|
|Charitable activities - other|||||||4,860||-|2,530|7,389|1,735|
|Income from letting of facilities|||||||57,970||-|-|57,970|28,751|
|Interest|||||||1,653||-|-|1,653|297|
|Insurance claim|||||||-||-|-|-|38,918|
||||||||190,647||-|14,194|204,841|186,190|
|**_Capital and similar receipts_**|||||||||||||
|Loan repayments|||||||-||-|-|-|1,100|
||||||||-||-|-|-|1,100|
||||||||||||||
|**_Total receipts_**|||||||190,647||-|14,194|204,841|187,290|
|**_Payments_**|||||||||||||
|Payments
in
relation
to
activities undertaken directly||||charitable||2|206,931||-|7,904|214,835|163,993|
|Grants
paid
in
relation
to
activities undertaken by others||||charitable||3|6,531||-|480|7,011|5,487|
|**_Total payments_**|||||||213,461||-|8,384|221,846|169,481|
|Net
of
receipts
transfers|/
(payments)||||before||(22,814)||-|5,809|(17,005)|17,810|
|Transfers between|funds|||||5|-||-|-|-|-|
|**Net movement in**|**funds**||||||(22,814)||-|5,809|(17,005)|17,810|
|Cash funds as at last year end|||||||156,682||-|1,635|158,317|140,507|
|**Cash funds at this year end**||||||A|133,867||-|7,445|141,312|158,317|
The notes on pages 8 - 9 form part of these accounts.
Page 6
## **ENFIELD VINEYARD**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**A Cash funds**
Cash at bank with immediate access
Notice deposits
**B**
**Other monetary assets**
Gift aid due to charity
**C**
**Liabilities**
**Falling due within one year:**
Pension due
Fee for Independent Examination
Deferred income [prepaid hall hire]
**D**
**Assets retained for charity's own use**
Church buildings
Contents and equipment|General
Designated
funds
funds
£
£
31,900
-
101,967
-
**133,867**
**-**
2,213
-
**2,213**
**-**
554
-
1,680
-
14,098
-
**16,332**
**-**
Unrestricted Funds|Restricted
funds
£
7,445
-
**7,445**
-
**-**
-
-
-
**-**|Total
2024
£
39,345
101,967
**141,312**
2,213
**2,213**
554
1,680
14,098
**16,332**
Value
2024
£
3,513,600
188,414
**3,702,014**|Total
2023
£|
|---|---|---|---|---|
|||||58,003
100,314|
|||||**158,317**|
|||||1,419|
|||||**1,419**|
|||||554
1,590
-|
|||||**2,144**|
|||||Value
2023
£|
|||||3,033,720
224,801|
|||||**3,258,521**|
The trustees have used insurance values 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 C.Dissanayeke (Sep 2, 2024 05:56 GMT+1)C.Dissanayeke date Sep 2, 2024 _____________________________Chandru Dissanayeke _________________
The notes on pages 8 - 9 form part of these accounts.
Page 7
## **ENFIELD VINEYARD**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
## **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 costs
Note 4
Furnishings & building improvements
Church activities
Gym and café
CAP project
Repairs, maintenance and equipment
Utilities
Insurance & maintenance contracts
Subscriptions and bank charges
Catering
Children and youth
Governance
Administration, office and support costs
Professional and legal fees
**3**
**Grants and gifts paid to others**
Organisations:
Just Earth
5000 plus
Chase Family Church
Organisations < £1,000
Individuals||Unrestrict|Designated
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
ed Funds|Restricted
Funds
£
-
-
-
-
6,848
-
-
-
-
-
1,056
-
-
-
7,904
-
-
-
480
-
480|Total
2024
£
120,797
30,853
2,363
13,011
6,848
7,726
11,637
6,917
5,123
1,864
3,590
1,632
2,475
-
214,835
1,920
1,920
1,000
700
1,471
7,011|Total
2023
£|
|---|---|---|---|---|---|---|
|||||||107,530
4,708
4,137
8,222
7,981
7,499
3,160
4,734
5,194
1,327
3,188
2,760
2,911
640|
|||||||163,993|
|||||||1,920
1,920
-
-
1,647|
|||||||5,487|
## **4 Transactions with related parties**
Jamie Parnell, a trustee, served as a church leader and was paid a gross salary of £40,000 [2023: £34,533] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.
A relative of David Cross, a trustee, served as the youth and family leader and was paid a gross salary of £14,840 [2023: £17,932] for serving in that capacity; these payments are permitted by the charity's governing document.
No payments were made to any other trustees or persons related to them, except for reimbursement of expenses paid out on behalf of the charity.
Page 8
## **ENFIELD VINEYARD**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 MARCH 2024**
|**5**
**Movement of funds**
General funds
Designated funds
Restricted funds
GrowBaby
CAP fund
Grant for youth evangelism
Total funds|Opening
balance
£
156,682
-
156,682
1,156
-
480
1,635
158,317|Receipts
£
190,647
-
190,647
1,680
12,514
-
14,194
204,841|Payments
£
(213,461)
-
(213,461)
(1,056)
(6,848)
(480)
(8,384)
(221,846)|Transfers
£
-
-
-
-
-
-
-
-|Closing
balance
£|
|---|---|---|---|---|---|
||||||133,867
-|
||||||133,867|
||||||1,779
5,666
-|
||||||7,445|
|||||||
||||||141,312|
GrowBaby is a project that supports families across Enfield by providing good quality new and second-hand clothes and equipment for children ages 0 - 5 years.
The CAP Fund represents support towards the Christians Against Poverty project. A grant of £11,664 was received from a charity which closed and specified their grant was to be used for Enfield CAP.
The grant from the Archbishop's Council was used for youth evangelism projects.
Page 9