2025-03-31-accounts - Hope Vineyard Sunderland

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Charity number 1193724

HOPE VINEYARD CHURCH SUNDERLAND

Unaudited Financial Statements

Y/E 31st March 2025

HOPE VINEYARD CHURCH SUNDERLAND Unaudited Financial Statements Contents

	Page
Legal and administrative information	3
The trustees’ report	4 to 6
Independent examiner's report	7
Unaudited statement of financial activities	8
Unaudited balance sheet	9
Notes to the unaudited financial statements	10 to 17

HOPE VINEYARD CHURCH SUNDERLAND LEGAL AND ADMINISTRATIVE INFORMATION

Registration Numbers	Charity Number: 1193724
Pastor	Mr P. Conn
The Board of Trustees	Mr T. G. Harrison	(Appointed 08/03/2021)
	Mr J. L. Beattie	(Appointed 08/03/2021)
	Mr P. J. Conn	(Appointed 08/03/2021)
	Mrs V. J. Conn	(Appointed 08/03/2021)
	Mrs D. E. Hirst	(Appointed 11/07/2022)
	Mr D. J. Butterworth	(Appointed 11/07/2022)
	Mrs A. M. Akingbade	(Appointed 28/01/2024)
Bankers	CAF Bank
	25 Kings Hill Avenue
	Kings Hill
	West Malling
	Kent
	ME19 4JQ
Building Society	Yorkshire Building Society
	230 High Street West
	Sunderland
	SR1 3BN
Independent Examiner	Mr M Hendy ACMA
	Certax Accounting (Sunderland) Ltd
	Chartered Management Accountants
	14 Foyle Street
	Sunderland
	SR1 1LE
Principal Office	Hendon Road
	Sunderland
	SR1 2HX

HOPE VINEYARD CHURCH SUNDERLAND THE TRUSTEES REPORT YEAR ENDED 31st MARCH 2025

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the period ended 31 March 2025.

Structure, Governance and Management

The church is a registered charity (No. 1193724) since 8 March 2021. Hope Vineyard Sunderland is also a Charitable Incorporated Organisation. On 31st December 2021 the charity took over the operations, assets, liabilities and reserves of Hope Church, charity number 1052181 with the operation of Hope Vineyard Sunderland commencing on 1st January 2022.

The Church is managed by the Church Council, which comprise the Minister and duly appointed or elected leaders of the Church. The Church Council appoints Holding Trustees for the purpose of holding the land and buildings of the Church who act on the directions of the Church Council. The Church Council meets at least quarterly to conduct the administrative business of the Church.

The Church Council has introduced financial controls to reduce the possibility of fraud and other irregularities. Financial information is presented at the quarterly meetings which enables the Church Council to monitor income and expenditure on a regular basis.

Money requiring investment shall be invested by the Church Council in any of the investments for the time being authorised for the Investment of Trust Funds and in accordance with such wider powers, if any, as may be lawfully adopted by the Church Council. The Church Council is responsible for the selection and transposition of investments and for obtaining professional advice.

Objectives and activities

The objects of the Church (“the Objects”) are for the benefit of the public:

a) to advance the Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit;
b) to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Church Council from time to time may think fit; and
c) to advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may think fit.

Public benefit statement

The trustees have had regard to the Charity Commission guidance on their legal duty on public benefit, and are satisfied that the charity delivers public benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.

Achievements and performance

On 31st December 2021 the charity took over the operations, assets, liabilities and reserves of Hope Church, charity number 1052181 with the operation of Hope Vineyard Sunderland commencing on 1st January 2022.

Total income for the period was £212,242. Week-to-week members’ donations were £173,973. This includes refunds under the gift aid scheme.

Members’ donations represented 82% of total income.

Total expenditure was £159,368.

The church has recorded a surplus of £52,874 in the current period.

Risk assessment

The Church Council has reviewed the major risks associated with the charitable activities of the Church and has taken steps to mitigate those risks.

Reserves policy

The property of the Church whatever its source shall be used for furthering the objects of the Church and no other purpose

The free reserves of the charity amount to £436,919.

Trustees responsibilities in relation to the financial statements

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the year and of the In preparing those financial statements, the trustees are required to:

select suitable accounting policies, as described on pages 8 and 9, and then apply them on a consistent basis;
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements, and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees

The trustees who served the charity during the period were as follows:

Mr. P. J. Conn Mr T. G. Harrison Mr J. L. Beattie Mrs V. J. Conn Mrs D. E. Hirst Mr D. J. Butterworth Mrs A. M. Akingbade

Signed by order of the trustees

05 Jan 2026

INDEPENDENT EXAMINERS'S REPORT TO THE TRUSTEES OF

HOPE VINEYARD CHURCH SUNDERLAND

I report on the financial statements for the period ended 31 March 2025, which comprise the statement of financial activities, balance sheet, and the related notes.

Respective responsibilities of trustees and examiner

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’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 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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or

the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.

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.

Mr M Hendy ACMA Certax Accounting (Sunderland) Ltd Charterd Management Accountants 14 Foyle Street Sunderland SR1 1LE

HOPE VINEYARD SUNDERLAND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Notes INCOME Income and endowments from: Donations and legacies 4 Charitable Activities 5 Other Trading Activities 6 Investments 7 Other Total EXPENDITURE Expenditure on: Raising Funds 8 Charitable activities 9 Other 10 Total Transfers between funds NET INCOME/(EXPENDITURE) FOR THE PERIOD RECONCILIATION OF FUNDS: Funds brought forward Transfer of operations from Hope Church (Charity No. 1052181) Total funds carried forward	Unrestricted funds £ 173,973 0 6,977 1,242 0 182,192 159,291 77 159,368 33,114 55,938 357,972 413,910	Restricted funds £ 30,050 30,050 0 0 (33,114) (3,064) 26,073 23,009	Total Funds £ 173,973 0 6,977 1,242 30,050 212,242 0 159,291 77 159,368 0 52,874 384,045 436,919	Total 2024 £ 137,720 175 2,383 1,048 0 141,325 0 150,000 62 150,061 0 (8,736) 392,801 0 384,065

HOPE VINEYARD CHURCH SUNDERLAND

UNAUDITED BALANCE SHEET AS AT 31 MARCH 2025

Notes FIXED ASSETS 13 CURRENT ASSETS Debtors 14 Cash at bank and in hand CREDITORS: Amount falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: Amount falling due after one year 16 TOTAL NET ASSETS OR LIABILITIES FUNDS Restricted Unrestricted TOTAL FUNDS	£ 765 68,472 69,237 979	Total funds £ 433,424 68,258 501,682 64,763 436,919 23,009 413,910 436,919	TOTAL 2024 £ 404,206 922 58,390 59,312 918 58,395 462,601 78,556 384,045 26,073 357,972 384,045

These unaudited financial statements were approved by the members on 23rd October 2025 and are signed on their behalf by:

Mr P Conn

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is Hendon Road, Sunderland, SR1 2HX.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, “The Financial Reporting Standard applicable in the UK and the Republic of Ireland”, the 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) (Charities SORP (FRS 102))and the Charities Act 2011.

3. ACCOUNTING POLICIES Basis of preparation

These unaudited financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income of expenditure.

The unaudited financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these unaudited financial statements are rounded to the nearest £.

Going concern

There are no material uncertainties regarding the charity’s ability to continue as a going concern.

Incoming resources

Donations and legacies

Collections are recognised when received by or on behalf of the church.

Planned giving receivable under Gift Aid, and the income tax recoverable on Gift Aid donations, are recognised at the same time as the gift to which they relate.

Charitable activities

Funds raised by events are accounted for gross.

Other trading activities

Sales of books, cakes and magazines from the bookshop are accounted for gross.

Income from investments

Interest and rental entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.

Other

Income relating to commissions received from utilities supplier.

Resources expended and liabilities

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

Grants and donations

Grants and donations are accounted for when paid over or when awarded, if that award creates a binding obligation on the Church.

Activities directly relating to the work of the Church

The costs of activities directly related to the cost of the church are accounted for as they are incurred.

Tangible fixed assets and depreciation

These are capitalised if they can be used for more than one year, and cost at least £100. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold property 2% straight line Church equipment, fixtures & fittings 10% straight line Computer equipment 33 1/3% straight line

Stocks

Stocks are valued at the lower of cost and not realisable value.

Funds accounting

Funds held by the charity are used for:

General fund comprises those funds that the principals are free to use in accordance with the charitable objectives. Transfers to and from funds are made as designated by the trustees.

Restricted funds are funds that are to be used for specific purposes as laid down by the donor or by the specific terms of the appeal under which the funds are raised. Expenditure which meets these criteria is charged to the fund. Transfers to and from the funds are made as designated by the trustees.

Designated reserves

Designated funds are unrestricted funds earmarked by the trustees for particular purposes as follows:

Capital fund

The reserve reflects the net book value of fixed assets owned by the charity.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

4.	DONATIONS & LEGACIES
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
		£	£	£
	Donations & Gifts	132,065		132,065
	Grants	15,219		15,219
	HMRC	26,010		26,010
	Petty Cash Donations	680		680
		173,973	0	173,973
5.	CHARITABLE ACTIVITIES
	Miscellaneous events	Unrestricted Funds £ 0	Restricted Funds £ 0	Total Funds £ 0
		0	0	0
6.	OTHER TRADING ACTIVITIES
	Room Hire	Unrestricted Funds £ 6,977	Restricted Funds £	Total Funds £ 6,977
		6,977	0	6,977
	The income from other trading activities for the charity was £6,977 of which £nil was restricted and £6,977 was
	unrestricted.
7.	INVESTMENTS
	Bank Interest Receivable	Unrestricted Funds £ 1,242	Restricted Funds £	Total Funds £ 1,242
		1,242	0	1,242

The income from investments for the charity was £1,242 of which £1,242 was unrestricted.

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

8. RAISING FUNDS

Unrestricted Restricted Funds Funds £ £ Purchase of Book Shop Goods 0 0 0 The expenditure on raising funds for the charity was £nil of which £nil was unrestricted.	Total Funds £ 0 0

9. CHARITABLE ACTIVITIES Staff Costs Ministry expenses Donations & Gifts Event expenses Suibscriptions Other Church running & administration costs Light & heat insurance Cleaning Repairs & maintenance Telephone Training Office Expenses Sundries Legal and professional Depreciation Accountancy Fees Travel	Unrestricted Funds £ 58,249 581 13,457 17,191 7,816 4,197 3,470 8,595 15,965 1,161 1,802 3,300 1,744 5,893 11,295 1,438 3,137 159,291	Restricted Funds £ 0 0	Total Funds £ 58,249 581 13,457 17,191 7,816 0 4,197 3,470 8,595 15,965 1,161 1,802 3,300 1,744 5,893 11,295 1,438 3,137 159,291

The expenditure on charitable activities for the charity was £159,291 of which £nil was restricted and £159,291 was unrestricted.

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

10. OTHER COSTS

Bank charges Bank loan interest	Unrestricted Funds £ 77 0 77	Restricted Funds £ 0	Total Funds £ 77 0 77

The expenditure on other costs for the charity was £77 of which £77 was unrestricted.

11. STAFF COSTS & NUMBERS Wages and salaries Social security costs Other pension costs	Unrestricted Funds £ 56,653 1,596 58,249	Restricted Funds £ 0	Total Funds £ 56,653 0 1,596 58,249

The expenditure on staff costs for the charity was £58,249 of which £58,249 was unrestricted.

No employee had employee benefits in excess of £60,000. The average number of employees during the year was 3.

12. TRUSTEES REMUNERATION

During the year Mr P. J. Conn, a trustee of the charity, received remuneration of £35,324 and employer contributions to pension of £1,060.

During the year Mrs V. J. Conn, a trustee of the charity, received remuneration of £8,918 and employer contributions to pension of £nil.

During the year trustees were reimbursed for out of pocket expenses amounting to £402.

The key management personnel of the charity comprise of the pastor. The total employee benefits of the key management personnel of the charity were £36,384.

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

13. TANGIBLE FIXED ASSETS

Cost Brought forward 1st April 2024 Additions Disposals As at 31st March 2025 Depreciation Brought forward 1st April 2024 Depreciation for the period - Other As at 31st March 2025 Net book value at 31 March 2025 Net book value at 31 March 2024 14. DEBTORS Income tax recoverable Prepayments Other debtors 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank Loan Taxation and social security Other creditors	Freehold Land and Buildings £ 421,898 421,898 25,015 8,438 33,453 388,445 396,883	Fixtures, Fitings & Equipment £ 12,724 40,514 53,238 5,402 2,857 8,259 44,979 7,323 2025 £ 0 765 765 2025 £ 0 729 250 979	Total £ 434,622 40,514 0 475,136 30,417 11,295 41,712 433,424 404,206 2024 £ 688 234 922 2024 £ 0 918 0 918

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Bank Loan Taxation and social security Other creditors	2025 £ 64,763 64,763	2024 £ 78,556 0 0 78,556

The bank loan of £64,763 is secured by a legal charge held over the property at Hope Church, Hendon Road, Sunderland SR1 2HX.

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fund balances at 31 March 2024 represented by: Tangible fixed assets Current assets Current liabilities Long term liabilities	Unrestricted Funds £ 433,424 46,228 479,652 979 478,673 64,763 413,910	Restricted Funds £ 23,009 23,009 23,009 0 23,009	Total £ 433,424 69,237 502,661 979 501,682 64,763 436,919

18. FUND DETAILS RESTRICTED

The Building Fund Donations and gifts	Balance at 01.04.24 Income £ £ 26,073 30,050 26,073 30,050	Expenditure £ 0 0	Transfers £ (33,114) (33,114)	Balance at 31.03.25 £ 26,073 -3,064 23,009

The Building Fund represented amounts raised through donations and interest on funds held; specifically to repay the mortgage on the church buildings and the cost of a boiler.

Donations and gifts represent funds received specifically to be used towards the costs associated with the foodbank and for specific parishioners/memorials.

HOPE VINEYARD CHURCH SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025

19. FUND DETAILS UNRESTRICTED

Designated capital reserve General reserve	Balance at 01.04.24 Income £ £ 357,972 182,192 357,972 182,192	Expenditure £ 0 (159,368) (159,368)	Transfers £ 33,114 33,114	Balance at 31.03.25 £ 357,972 55,938 413,910

The designated capital reserve represents the total net book value of fixed assets less any outstanding liabilities financing the building. The expenditure during the year represents depreciation on the fixed assets and the interest payable on the loan.

20. Related Party Transactions

There were related party transactions of £44,424 for trustee remuneration and £1,060 for employer pension contributions. £nil was outstanding to related parties at the balance sheet date.

Issuer

Issuer Certax Accounting (Sunderland) Ltd Document generated Wed, 17th Dec 2025 17:31:48 GMT Document fingerprint 80b5967a061706e20903fc12acd3fd45

Parties involved with this document

Document processed

Party + Fingerprint

Mon, 5th Jan 2026 11:43:00 GMT Mon, 5th Jan 2026 12:28:06 GMT

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Audit history log

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