Brlercllffe Company Llmlted Charlty No. 515709 Company No. 01783786 Trustees, Report and Unaudlted Accounts 31 March 2024
Briercliffe Company Limited Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activitles Summary Income and Expenditure Account Balance Sheet io Statement of Cash flows li Note5 to the Accounts 12 Detailed Statement of Fin3nclal ktlvltles 20to21 Page I
Briercllffe Company Limited Trustees Annual Report Brlercllffe Company Limlted Report of the Trustees for the Year Ended 31 March 2024 The trustees, who are also directors of the charity for the purposes of the CompanSes Act 2006, present their report with the unaudited financlal statèments of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Company No. 01783786 Charlty No. 515709 Prlnclpal Offlce The Chrlstian Centre 43 Todmorden Road Littleborough OL15 9EA Re8lstered Offlce The Chrlstlan Centre 43 Todmorden Road Littleborough OLIS 9EA Dlrectors and Trustees The Dlrectors of the charltable company are Its Trustee5 for the purposes of charity law. The following Dlrectors and Trustees served durlng the year.. Mr A. Campbell Mrs P. J, R. Clegg - retlred by rotatlonlre-elected 18.12.23 Mr G. A. Hopcroft- retired by rotationlre-elected 18.12.23 MrsA. Mills Mrs C. Mills Mr G.R. Mllls Mlss K. J. Ollver Revd. J. B. Pettlfer- retired by rotationlre-elected 18.12.23 Mr J. 8. Powell (Resigned 12 February 20241 Accountants Pennine Accountlng Limited 109A Church Street Littleborough Lancashire OLIS 8AA Banker5 Yorkshire Bank plc 9-11 Yorkshire Street Ro¢hdale OL16 IBL Pa8e 2
Briercliffe Company Limited Trustees Annual Report Sollcltors Wrlgleys Solicitors LLP 19 Cookrid8e Street Leeds LS2 3AG PUBLIC BENEFIT The Dlrector5 are aware of the Charlty Commlssion's guidance on publlc benefit and are confldent that our account of the Charlty's achlevements and performance during the past year reflects the fact that the public In general, speclfic sectlons of the publlc, and The Vine Fellowship and Its varlous minlstries benefitted through the existence and provisions of Briercllffe Company Limited The work of the charlty and the funds It ralses are wholly directed towards furtherlng the alms and objectives set out below, and the Trustees are therefore of the view that the charlty satisfies the criterla laid down for the meetln8 publlc benefit, OBJECTIVES AND ACTIVITIES Objectlves and alms The Company's prlmary objectlve Is "to advance the Christian relSglon In Llttleborou8h and elsewhere" 518nlflcant actlvltles Briercliffe Company Llmited owns Brlercllffe House, the buildlng st511 known as The Vlne, whlch formerly housed The Vine Chrlstlan Bookshop & Coffee House, the Chrlstian Centre and a residential property at 12 Alplne Drlve, Mllnrow. The Christlan Centre and 12 Alpine Drive are used exclusively by The Vlne Fellowshlp, local Christian charlty with slmilar oble¢tlves to the Company. The Vlne Fellowshlp provldes financial and practical support to the Company. ACHIEVEMENTS AND PERFORMANCE Throughout the year, Brlercliffe House has contlnued to provide accommodation and pastoral care to Its resldents. A new tenant who was recently widowed moved Into the downstalrs flat which had been renovated In preparation. The cottage adloinlng the House contlnues to provide accommodatlon for the same tenant who would otherwise be homeless and needs ongoln8 care and support. The bulldlng which was previously The Vlne Christian Bookshop & Coffee House has not reopened since the pandemlc. In the year under review, work continued in conjunction with The Vine Fellowshlpp renovatlng and redecoratln8 the premises for future use. The Chrlstlan Centre is the registered office and headquarters of Brlercliffe Company Limited. The Vlne Fellowship utllises the facilities at The Chrlstlan Centre daily. They use the Chapel for worship and prayer on Sundays and throughout the week, and the other facilities at the Centre for administration, group meetings, Bible Studies and various other activities. We rejoice at the way in the past year, we have witnessed the Lord blessing The Vlne Fellowship and its various ministries and seen the growth in its membership numerically and spiritu3Sly. Throu8hout the year, the Fellowship has continued to Ilvestream Sunday morning and Wednesday evening Services from the Chapel and to use Zoom for some of Its meetings. Page 3
Brlercllffe Company Limited Trustees Annual Report Durln8 the year under review, our Food Store has continued to be located at The Christian Centre with food provided by The Vine Fellowshlp. There is an ongoing need for food wlth the rise in the cost of living and the struggle for many to manage on benefits. We seek to show the love of God to those who Come and to share with them as appropriate. Our Gospel Garden at the rear of the Christian Centre contlnues to flourish, and we are diligent in its Care, maintenance and upkeep. It is a very special place, and many people appreciate the peace It affords. We believe the garden provides an evangelistic opportunity with its ollve trees reminiscent of Gethsemane, its simple wooden cross witnessing to the crucifixion and the entrance to the tomb to the resurrection. People appreciate the ease of access to the garden, and the opportunity to sit quietly, and to reflect and pray. The names on the plaques of past members of the Fellowship are kept up to date. We have endeavoured to maintain the improvements to the 8round5 at the front of The Christian Centre. We seek to constantly maintain all our bulldings and grounds to the highest possible standards and to Upgrade our technical equipment as necessary. We have made constant use throughout the year of the expertise and services of Dove Tradin8 Limited, a wholly owned subsidiary of Briercliffe Company Llmited. The Company and Dove Tradin8 Lirnlted share slmilar objectives in seeklng to use every opportunity to spread the Gospel of our Lord Jesus Christ. Dove Trading Llmlted Is responsible for the management of all our propertles and utillses the skllls of others in property malntenance, plumbln8, joinery, paintln8 and decoratln8, and gardening etc. One of thelr Dlrertors reports regularly when the Company meets, and we gratefully acknowledge the servlce they 8lve. The Dlrectors once again wish to thank all who, In many ways, have faithfully 8lven their tlme, expertlse and resources In furtherance of the work of Briercllffe Company Llmlted during the past year. We are grateful to God for our close workin8 relationshlps wlth The Vlne Fellowshlp and Dove Tradln8 Limited. We conslder that the Company has certalnly fulfilled It5 primary objective through providln8 and maintalnlng its varlous bulldlngs and their facilities whlch are fully utilised by The Vlne Fellowship. We endeavour in every posslble way to facllltate the ministry of The Vlne Fellowship and to partner wlth them "to advance the Chrlstian rell8lon in Littleborough and elsewhere., As Trustees of the Company, we commSt to being falthful in prayer, In seeklng God's will, and in doing everythlng to the glory of God. As always, we thank Almighty God, our Heavenly Father, our Lord and Saviour Jesus Christ, and the Holy Splrlt for ble5sin8 the work of the Companv through another year. FINANCIAL REVIEW The Trustees have reviewed the charitrfs financial position and are confident the charity will be trading withSn the next twelve months from the date of signln8 these accounts. R•sarv•s Pollcy The Trustees have examlned the requlrement5 for free reserves, and they conslder that, given the nature of the Charlvs work, free reserves should be equlvalent to approxlmately 3 months routine expendlture. The Trustees are of the opinion that thls provides sufflcient flexibility to cover temporary shortfalls in incoming resources. Although the Charity does not hold reserves equivalent to 3 months of routine expendlture a5 at 31 March 2024. The Vine Fellowshlp provides for the use of the Companvs buildings and facilities on an ongolng basis. The Vine Fellowship also has surplus reserves sufficient to meet the current shortfall within the Briercliffe Company Llmited charity which It supports as part of its charitable objectives. Page 4
Brlercllffe Company Limited Trustees Annual Report PLANS FOR FUTURE PERIODS The Vine Fellowship is currently reviewing its use of the buildings and facilitie5 we provide as it seeks to develop and extend its ministry and outreach into the local community and beyond. As Directors and Trustees of Briercliffe Company Limited, we share their awareness of the need all around us where we see poverty, deprivation, suffering, hardship, and despair but at the same time, a God given opportunity "to advance the Christlan religion." We are excited and expectant as we look towards the future and continuing to work closely wlth The Vine Fellowship. We are one with them as we grow in awareness of God's all-consumlng love for us and seek to continue in Christ-centred lives, and God's will bein8 paramount. One immediate development is a new location for our Food Store in what was previously an office at the Christian Centre, and work has already commenced on this. It affords ease of access and more storage space, and it will be easier to staff a5 the use of the Christian Centre planned by The Vine Fellowship increases. The Fellowship are currently reviewing how to utilise the Centre and the Gospel Garden to their full potential. It Is now intended to locate the proposed lending library of Christian books at the Centre. We believe these plans completely accord with and further the Company's objectives. We continually seek the Lord's will and guidance for the way forward and indeed for every area of the Company's work. Our constant prayer Is 'Your kingdom come, your will be done, on earth as It is in heaven." STRUCTURE, GOVERNANCE AND MANAGEMENT Governln8 Document 8riercllffe Company Llmited Is a company limited by guarantee, incorporated 18 January 1984 and Is 80verned by Its Memorandum and Artlcles of A550ciation as amended on 16 July 1984. It is a charity registered wlth the Charity Commission. Organlsatlon Structure The Standing Commlttee, and the subcommittee which reviews salarles and deals wlth related issues of employment, have both continued to meet as in previous years. During thi5 year, we have had no pald employees, The Senlor Pastor and the Secretary of The Vine Fellowship, with the blessin8 of The Vine Fellowshlp Council, have contlnued to give a maxlmum of five per cent of their time to Brlercliffe Company Limited buslness. Our committed volunteers also contrlbute to the fulfllment of the company's objectives Recrultment and appolntment of new Trustees The Council of Mana8ement started the year wlth nine members wlth one resi8natlon during the year. The Company met on four occaslons via Zoom, and In additlon, we held one Extraordlnary Meeting by telephone conference. Our Annual General Meetlng also took place via Zoom. Rlsk Management The Trustee5 are responsible for keeplng proper accountln8 records that dlsclose with reasonable accuracy at any time the flnancial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are 3150 responsible for safeguarding the assets of the charity and hence takin8 reasonable steps for the preventlon and detection of fraud and other irregularitles. The above report has been prepared in accordance with the provlslons applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP IFRS 1021. Page S
Brier¢liffe Company Llmlted Trustees Annual Report Signed on behalf of the board Revd. J. B. Pettifer Trustee 18 November 2024 Page 6
Briercliffe Company Limited Independent Examiners Report Independent Examiner's Report to the trustees of Brlercllffe Company Llmited I report to the charity trustees on my examination of the financial statements of Brlercliffe Company Limited for the year ended 31 March 2024. Responslbllltles and basls of report As the charity's trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requlrements of the Companles Act 20061'the 2006 Act. Havin8 satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are ellgible for independent examination. I report in respect of my examination of your charity's financial statements as carrled out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examlnation I have followed the Directlons given by the Charity Commission under section 145151 Ibl of the 2011 Act. The examiner is a member of The Assoclatlon of Accountln8 Technicians and that body has adopted the provisions of the Revised Ethical Standard 2016 issued by the Financlal Reportin8 Council IFRCI Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attentlon in connection with the examlnation glvlng me cause to believe.. accounting records were not kept in accordance wlth sectlon 386 of the 2006 Act , or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair, view which is not matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods and princlples of the Statement of Recommended Practlce for accounting and reportln8 by charities applicable to charities preparln8 thelr accounts in accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland IFRS 1021. I have no concerns and have come across no other matters In connection with the examlnation to which attentlon should be drawn in thls report in order to enable a proper understanding of the flnancial statements to be reached. lan Cunningham FMAAT Pennlne Accounting Limited 109A Church Street Littleborou8h Lancashire OL15 8AA 18 November 2024 Page 7
Brlercllffe Company Limited Statement of Flnancial Activities for the year ended 31 March 2024 Unre5trirted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacie5 Investments 19,143 29,051 19,143 29,051 12,181 24.982 Total 48,194 48,194 37,163 Expendlture on: Charitable activities Other 10,433 52,889 10,433 52,889 10,584 33,775 Total 63,322 63,322 44,359 Net gains on Investments Net expendlture Transfers between funds {15,1281 115,128} 17,1961 Net expendlture before other 8aInS/{loe$I 115,1281 115,1281 17,1961 Other galns and losses Net movement In funds 115,1281 115,1281 17,1961 Reconclllatlon of funds: Total funds brought forward 327,009 327,009 334,205 Total funds carrled forward 311,881 311,881 327,009 Pa8e 8
Briercliffe Company Llmlted Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 19,143 12,181 Interest and investment income 29,051 24,982 Gross Income for the year 48,194 37,163 Expenditure 49,333 30,515 Depreciation and charges for impairment of fixed assets 13,989 13.844 Total expendlture for the year Net expenditure before tax for the year 63,322 115,1281 44,359 17,1961 Net expendlture for the year 115,1281 17,1961 Page 9
Briercllffe Company Limited Balance Sheet at 31 March 2024 Company No. 01783786 Notes 2024 2023 Flxed assets Tangible assets Investments 12 13 307,885 321.874 307.886 321.875 Current assets Debtors Cash at bank and in hand 14 2,774 4,560 7,334 13,3391 3,995 1.761 3,541 5,302 11681 5,134 Credltors: Amount falling due wlthln one year Net current assets 15 Total assets less current Ilabllltles 311,881 327,009 Net assets excludln8 penslon asset or Ilablllty 311,881 327,009 Total net assets 311,881 327,009 The funds of the charlty Restrlcted funds Unrestrlcted funds General funds 16 16 311,881 327,009 311,881 327,IJ09 Reserves 16 Total funds 311,881 327,009 These accounts have been prepared In accordance wlth the special provlsions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 31 Mafch 2024 the company was entltled to exemption under section 477 of the Companies Act 2006 relating to small companies, The members have not requlred the Company to obtain an audlt In accordance with sectlon 476 of the Companles Act 2006. The dlrectors acknowledge thelr responsibilities for complying with the requlrements of the Companies Act 2006 with respect to accounting record5 and the preparation of accounts. Approved by the board on 18 November 2024 And si8ned on its behalf by: Revd. J. 8. Pettifer Trustee 18 November 2024 Page 10
Brlercliffe Company Llmlted Statement of Cash flows for the year ended 31 Marth 2024 2024 2023 Cash flows from operatlng actlvltles Net expenditure per Statement of Flnanclal Actlvltles 115,1281 17,1961 Adjustments for: Depreciation of property, plant and equipment Loss on dlsposal of tan8ible fixed assets Dividend5, Interest and rents from investments {Increasel/Decrease In trade and other recelvables IncreasellDecrease) in trade and other payables 13,755 234 129,051} 11,0131 3,157 13,844 (24,9821 2,637 16,262} Net cash used In operatln8 a¢tlvltle$ 128,0461 121,9591 Cash flows from Investlng actlvltles Dividends, Interest and rents from investments 29,051 24,982 Net cash from Investln8 actlvltles 29,051 24,982 Net cash from flnandn8 actlvltles Net Increase In cash and tash equlvalentS 1,005 3.023 Cash and cash equlvalents at the be8lnnln8 of the year 3,541 518 Cash and cash equlvalents at the end of the year 4,546 3,541 Components of cash and cash equlvalents Cash and bank balances Bank overdrafts 4,560 1141 3.541 4.546 3,541 Page 11
Briercliffe Company Limited Notes to the Accounts for the year ended 31 March 2024 l Accountlng pollcles Basls of preparatlon The financial statements have been prepared In accordance with Accountin8 and Reporting by Charltles: 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 IFRS 1021 leffective I January 20151 Icharities 50RP IFRS 10211, the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policie5 (valuation rules and method of accountin81 since last year and no changes have been made to accounts for previous years. Fund accountln8 Unrestricted funds These are available for use at the dlscretlon of the trustees in furtherance of the general objects of the charitv. These are unrestricted funds earmarked by the trustees for partlcular purpose5. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Deslgnated funds Revaluatlon funds Restricted funds Income Recognition of income Income Is included in the Statement of Flnancial Activities ISOFAI when the charlty becomes entitled to, and virtually certain to receive, the income and the amount of the Income can be measured wlth sufficient reliabillty. Income with related Where income has related expenditure the income and related expendlture is expenditure reported gross In the SOFA. Donations and legacies Voluntary Income recelved by way of grants, donatlons and g1ft51s Included In the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclalms on Income from tax reclaims is included in the SOFA at the same time a5 the donations and glfts 8lft/don3tion to whlch it relates. Donated services These are only included In Income Iwith an equivalent amount In expendlturel and facllities where the benefit to the Charlty is reasonably quantlflable, measurable and material. Volunteer help The value of any volunteer help recelved 15 not included in the accounts. Investment income This 15 included In the accounts when receivable. Gains/l105sesl on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 12
8riercliffe Company Llmlted Notes to the Accounts Expenditure Recognition of expenditure Expenditure Is recognised on an accruals basls. Expenditure includes any VAT which cannot be fully recovered. and 15 reported as part of the expenditure to which It relates. Expendlture on These comprise the costs assoclated with attractlng voluntary income, fundralslng ralsing funds trading costs and investment mana8ement costs. Expenditure on These comprise the costs incurred by the Charity In the dellvery of its activities and charitable activities services in the furtherance of its objects, including the making of grant5 and governance costs. All Brant expendlture is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet pald. These Include those costs associated wlth meetlng the constitutlonal and statutory requirements of the Charity, Includln8 any auditllndependent examlnatlon fees, costs Ilnked to the strategic Management of the Charlty, together with a share of other admlnlstratlon costs. Other expendlture These are support costs not allocated to a partlcular actlvlty. Grants payable Governance Costs Taxatlon The charlty Is exempt from corporatlon tax on Its charitable actlvltles. Tan8lble flxed assets and depreclatlon Depreclatlon Is provlded at the following annual rates In order to write off each asset over its estlmated useful Ilfe.. Freehold property 2% Straight Llne Flxtures Fltting5 & Equipment 15% Stral8ht Line Plant & Integrated Features IO% Stralght Llne Included in the cost or valuatlon of land and buildlngs Is freehold land of £8,56612020- £85661 which is not depreclated. The directors have followed the transitional provlslons of Financlal Reporting Standard 15 re8ardln8 the valuation of the freehold buildings. The properties were valued In March 1998 and thls valuation has not been updated. Freehold bulldln8s are Shown at a valuatlon tO8ether with related depreciation. The historlcal cost is £523,16012018 - £523,160), the accumulated depreclatlon Is £280,32512018- £267,647) and the historical net book value Is £362,14012018 - £374,818}, Freehold Investment property Investment properties are measured initially at cost and subsequently at falr value at each balance sheet date and are not depreciated. All 8alns or losses are taken to the Statement of Flnancial Activitles as they arise. Trade and other debtors Trade and other debtors are recognlsed at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 13
Brlercllffe Company Llmited Notes to the Accounts Cash and cash equivalents Cash and cash equivalent5 comprise cash at bank and on hand, demand deposlts with banks and other short-term hi8hly liquid investments with ori8in31 maturltles of three months or less and bank overdrafts. In the statement of financial posltlon, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash mana8ement. Trade and other credftors Short term creditors are measured at the transaction price. Other creditors and provisions are reco8nised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estimated reliably. Creditors and provislons are normally recognised at their settlement amount after allowing for any trade dlscounts due. Leased assets Where the charity enters Into a lease whlch entails takin8 substantlally all the rlsks and rewards of ownership of an asset, the lease Is treated as a finance lease. Leases which do not transfer substantlally all the risks and rewards of ownership to charity are classified as operatlng leases. Assets held under finance leases are initially reco8nised as assets of the charlty at thelr falr value at the Inceptlon of the lease or, If lower, at the present value of the mlnlmum lease payment5. The correspondin8 liabillty to the lessor Is included in the balance sheet date as a finance lease obligation. Lease payment5 are apportloned between finance expenses and reduction of the lease obligation so as to achleve a constant rate of Interest on the remaining balance of the Ilablllty. Flnance expenses are reco8nised immediately, unle5$ they are directly attributable to quallfyin8 assets, in whlch case they are capitali5ed in accordance wlth the charity's pollcy on borrowing costs. Assets held under flnance leases are depreclated In the same way as owned assets. Operatlng lease payments are reco8nlsed a5 an expense on a straight-llne basis over the lease term. In the event that lease incentlves are received to enter into operating leases, such Incentives are recognised as a liabllity. The a88re8ate benefit of incentives Is recognised as a reductlon of rental expense on a strai8ht-Ilne basis. Penslon costs The charlty operates a defined contrlbutlon plan for its employees. A defined contributlon plan is a pension plan under which the company pays fixed tontributions into a separate entlty. Once the contrlbutions have been pald the company has no further payment5 obllgatlons. The contributions are recognlsed as expenses when they fall due, Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company In independently admlnlstered funds. Recelpt of donated goods, facllltles and servlces All donated goods, facllltles and services received are recognised wlthln Incoming resources and expendlture at an estimate of the value to the charlty. 2 Company status The company is a prlvate company limited by guarantee and consequently does not have share capital. In the event of the winding up or discontinuation of the company the members are liable to contribute an amount not exceeding £1 towards the debts and liabilitles of the company. Page 14
Brlercllffe Company Limited Notes to the Accounts 3 Statement of Flnancial Artlvltles - prlor year Unrestrlcted funds Totsl funds 2023 2023 Income and endowments from: Donations and legacies Investments 12,181 24,982 12,181 24,982 Total 37,163 37,163 Empendhure on: Charitable activities 10,584 33,775 10,584 33,775 Other Total 44,359 44,359 Net Income 17,1961 17,1961 Net Income before other 8alnslllosses} Other galns and losses: Net movement In funds 17,196} 17,1961 17,1961 17,196} Reconclllatlon of funds: Total funds brought fonvard Total funds earrled forward 334,205 334.205 327,009 327.009 4 Income from donatlons and le8acles Unrestrlrted Total Total 2023 2024 General Glfts & Donatlons Received Grants from The Vine Fellowshlp 11,247 11,247 12,181 7,896 7,896 19,143 19,143 12,181 S Income from Investments Unrestrlcted Total Total 2024 2023 Rental income 29,051 29,051 29.051 29,051 24,982 24,982 Page 15
Briercliffe Company Limited Notes to the Accounts 6 Expenditure on charitable artivities Unrestrlcted Total Total 2024 2023 Expenditure on charitable octivities Provision of homes Grants made the The Vine Fellowship Governonce costs 10,433 10,433 8,383 2,201 10,433 10,433 10,584 7 Analysls of grants Actlvlty or pro8ramme Total Total 2023 2024 Charitable Donatlons 2,201 2,201 Actlvlty or programme Total Total 2023 2024 Charltable Donations 2,201 2,201 8 Other expendlture Unrestrlrted Total Total 2024 2023 Premises costs Amortlsation, depreclatlon, Impalrment, profitlloss on disposal of fixed assets General admlnlstrative costs Legal and professlonal costs 28,575 28,575 13.122 13,989 13,989 13,844 6,469 3,856 52,889 6,469 3,856 52,889 5,492 1,317 33,775 Page 16
Brlercllffe Company Llmlted Notes to the Accounts 9 Net expendlture before transfers 2024 2023 This is stated after charging: Depreclation of owned fixed assets Independent Examiner's fee Other fees paid to the auditor or independent examiner 10 Trustee remuneratlon and expenses 13,755 550 13,844 500 3.306 817 The nature of the relmbursed expenses No directors received any remuneratlon or were relmbursed expenses Incurred in connection wlth their work for the Charity. During the year. a dlrector of the companyi Rev J B Pettifer, resided at the company's Alpine Drlve property, in his capacity as the Senior Pastor of The Vlne Fellowship. Mlss K J Oliver also a Dlrector of the Company, resldes at the Chrlstlan Centre In relation to her work for The Vine Fellowship. Alan Campbell, a Dirertor, resides at the Christian Centre In relatlon to his work as Assistant Pastor for The Vine Fellowship. The Charity also provides financial support to The Vine Fellowship from which Patricla Clegg, and Reverend J.B. Pettifer, both Dlrectors of Briercliffe Company Llmlted recelve remuneratlon. 11 Staff costs No employee recelved emoluments in excess of £60,000. 12 Tan8lble flxed assets Flxtures Flttlngs & Equlpment Plant & Integrated Features Land and bulldlngs Total Cost or revaluatlon At l April 2023 DisP05a15 At 31 March 2024 Depre¢latlon and lrnpalrment At l Aprll 2023 Depreciation char8e for the year Disposals At 31 March 2024 644,513 115,175 {5851 114,590 9,306 768,994 15851 768,409 644,513 9.306 331,142 114,659 1,319 447,120 12,719 106 930 13,755 13511 114,414 {3511 460,524 343,861 2,249 Net book values At 31 March 2024 At 31 March 2023 3CM),652 313,371 176 516 7,057 7,987 307,885 321,874 Page 17
Briercllffe Company Llmlted Notes to the Accounts 13 Investments Investment In Subsldlaries Total Cost or maluatlon At l April 2023 At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 Investment In Subsldlarles The company has the followlng subsldlary undertakings: Capltal and reserves at Profltllloss end of the ) for the relevant relevant Country of Incorporatlon Class of (If not UK) shares held %ageof Shares held Name of company vear year Dove Tradln8 Llmited 14 Debtors Ordinary loo 111,3801 (1,4101 2024 2023 Prepayments and accrued Income 2,774 2,774 1,761 1,761 15 Credltors.. amounts falllng due withln one year 2024 2023 Bank loans and overdrafts Trade credltors Accruals 14 1,912 1,413 3,339 11,1141 1,282 168 Page 18
Brlercllffe Company Llmlted Notes to the Accounts 16 Movement In funds Incomlng resources At31 March Ilncludlng other At l Aprll 8alns/losses 2023 Resource5 expended 2024 Restrlcted funds: Unre5trlcted funds: General fund5 327,009 48,194 163,322) 311,881 Total funds 17 Analysls of net assets between funds 327,009 48,194 {63,3221 311,881 Unrestrlrted funds Total Fixed assets Investments 307,885 307,885 Net current assets 3,995 311,881 3,995 311.881 18 Reconclllatlon of net debt At31 March 2024 At l Aprll 2023 Cash flows Cash and cash equivalents Incl OIDS 3,541 3,541 1.005 1,005 4,546 4,546 Net debt 3,541 I,oos 4,546 19 Related party dlsclo$ures Name of related party Descrlptlon of relatlon5hlp between the partle5 Description of transaction ond general amounts involved Controlllnq party The Vlne Fellowship These Charltles share a number of Trustees Donatlons of £7,896.04 were received from The Vlne Fellowship The company Is Ilmited by guarantee and has no share capltal; thus no single party controls the company. Page 19
Brlercliffe Company Umlted Detalled Statement of Flnanclal Artlvltles for the year ended 31 March 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Income and endowments from: Donations and legacles General Gift5 & Donation5 Recelved Grants from The Vine Fellowship 11,247 11,247 12,181 7,896 19,143 7,896 19,143 12,181 Investments Rental income 29,051 29.051 29,051 29,051 24,982 24,982 Total Income and endowments 48,194 48,194 37,163 Expendlture on; Charltable activitles Provislon of homes Grants made 10,433 10,433 8,383 2,201 10,584 10,433 10,433 Total of expendlture on charftable actlvltles 10,433 10,433 10,584 Premlses costs Premises cleanln8 Premises repalrs and malntenance Other premise5 Costs 4.081 4,081 4,619 24,161 24,161 7,933 333 333 28,57S 570 28,575 13,122 General admlnlstratlve costs, including depreclation and amortisation Depreciatlon of land and bulldlngs Depreciation of Flxtures Fittln8S & Equipment Depreciatlon of Plant & Integrated Features Depreciation of Loss on disposal of tangible fixed assets 12.719 12,719 12.719 930 930 931 106 106 194 234 234 Bank charges Equipment leasing and hlre charges General insurances 120 120 200 1,439 1,283 1,439 3,707 3,707 3,380 Page 20
8rlercliffe Company Llmlted Detalled Statement of Financial Activitles Software, IT support and related costs 211 211 156 Sundry expense5 Telephone, fax and broadband 395 395 35 438 19,336 597 597 20,458 20,458 Legal and professional costs Audit/lndependent examinatlon fees 3,856 3,856 1,317 3.856 3,856 1.317 Total of expendlture of other costs Total expenditure Net 8ains on investments 52,889 52,889 33,775 63,322 63,322 44,359 Net expendlture 115,1281 115,1281 {7,1961 Net expendlture before other Baln5111osses) Other Galns 115,128) 115,1281 {7,1961 Net movement In funds 115,1281 115,1281 17,1961 Reconclllatlon of funds: Total funds brought forward 327,009 327,009 334,205 Total funds carrled forward 311,881 311.881 327,009 Page 21