**REGISTERED CHARITY NUMBER: SC047802**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **FOR**
**INVERNESS VINEYARD CHURCH**
## Goldwells Ltd
25 Baron Taylors Street Inverness Highland IVl lQG
`INVERNESS VINEYARD CHURCH`
`CONTENTSOFTHEFINANCIALSTATEMENTS FOR THE` YEAR ENDED `31ST` DECEMBER `2024`
||Page|
|---|---|
|Report of the Trustees|1to3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|_5_|
|Balance Sheet|6|
|Notes to the Financial Statements|7to11|
|Detailed Statement of Financial Activities|12to13|
**INVERNESS VINEYARD CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
This report covers the period from 1st January 2024 to 31st December 2024 (12 months). We are reporting back each year on a calendar year basis.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives summary**
Our charity's purposes as set out in the objects contained in the company's memorandum of association are to :
Advance the Christian religion for the public benefit in accordance with the statement of faith in the schedule hereto attached 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.
## **Significant activities**
## REGULAR CHURCH SERVICES
We have continued to meet in Millburn Academy afar worship services which continues to be a good space for Sunday mornings for creating community and growing in our faith.
## CHRISTMAS
As per previous years, we continued significant outreach to the community over Christmas, through bags of hope with over 200 bags distributed to those in need in the city. These were packed with Christmas food and gifts and the church gave genererously towards achieving this.
## OUTREACH
2024 was a hugely encouraging year as we reached out to the community with various events. Our annual Summer fun day has well over 200 in attendance and we also held our first Christmas Nativity walk which engaged with many in the community. Being able to put on community events for free is a heart of our church when everything costs a lot so being able to be generous in this way is important.
Mainly Music and the Community Lunch continued in 2024 and proved to be a vital part of the community for a small group of people in the city with wider connection when we run our family wide community events.
## OFFICE SPACE
We have continued to use our small office space through the week ain the centre of Inverness. It is used for our staff team at various points in the week, along with groups meeting in the evenings nad also for storage of some equipment.
## MISSION FURTHER AFIELD
We have continued to support financially organisations that do not directly support or are connected to us as a church. This is an important part of our generosity, to give 10% of our unrestricted income each yea:r as a church. This included Home of Good and Gateway (Highland Homeless Trust) as main beneficiaries in 2024.
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**INVERNESS VINEYARD CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **ACHIEVEMENTS AND PERFORMANCE**
## **Charitable activities**
This is the seventh year of the charity and it has been a year of continued growth in the church in various ways.
_A!;_ of 31st December 2024, the church has over 180 adults and kids connected and attending regular church events. Towards the end of 2024 we employed a kids pastor 3 days per week, which is as a result of the number of children engaging with activities of the church. 1bis has been an encouraging development in meeting our charity objectives and reaching out to the community and al.so growing those in the church with their faith.
The financial situation was monitored carefully throughout the year. Being a local church we rely on regular donations from church members as our income and monitor this and liaise with the church leaders at various points in the year.
## **FINANCIAL REVIEW**
## **Financial position**
The accounts as at the end of2024 show a balance of £21,757. As the church grows we anticipate the church income to increase in line with this and spending to be adjusted accordingly.
## **Reserves policy**
An amount of 3 months running costs is agreed to be held in reserve and is agreed upon and accounted for each financial year.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Inverness Vineyard Church is a Scottish Charitable Incorporated Organisation registered on the 5th October 2017. The charity was established under a memorandum of association which established the objectives and powers of the charitable company and is governed under its articles of association.
## **Recruitment and appointment of new trustees**
The trustees were appointed at the establishment of the charity. All trustees give their time voluntarily and receive no benefits from the charity in their role as charity trustee. The only exception to this is in the case of Thomas Urquhart, who is both a Trustee and salaried staff member.
The trustees meet regularly to monitor the activities of the charity, and to ensure the relevant financial and legal requirements of the charity are met.
The trustees are all familiar with the work of the charity and provide expertise from their various professional fields.
## **Organisational structure**
The charity employs:
• Lead Pastor; 4 days per week, responsible for vision and direction of the church, strategy, line management of staff and leading team leaders throughout the church.
• Children's Pastor; 3 days per week, responsible for leading with vision the primary and preschool aged activities of the church, management of volunteers and also overseeing safeguarding in these areas.
• Social Transformation team leader; 1 day a week to lead the church in how we love the poorest in our communities and how we as a church reach out and partner with organisations in the city. Equipping volunteers in our church to support this.
-A Church Administrator; 1 day per week, to oversee administrative functions of the church.
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**INVERNESS VINEYARD CHURCH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management**
As mentioned before the charity derives its income from individual public donations.The financial position is carefully monitored through our regular trustees meetings and our finance volunteer. Authority to spend money is carefully controlled, with any payments requiring the authorisation of2 trustees at certain levels.
On starting the charity we established policies through all areas of running a church. We have policies for all areas of church life and running a charity including but not restricted to, health and safety, child protection, data protection, first aid and manual handling.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
SC047802
## **Principal address**
IA Huntly Terrace Huntly Street Inverness IV35PS
## **Trustees**
## **Independent Examiner**
Goldwells Ltd 25 Baron Taylors Street Inverness Highland IVl lQG
Approved by order of the board of trustees on ................................................ and signed on its behalfby:
Page3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF INVERNESS VINEYARD CHURCH**
## **Independent examiner's report to the trustees of Inverness Vineyard Church**
I report to the charity trustees on my examination of the accounts of Inverness Vineyard Church (the Trust) for the year ended 31st December 2024.
## **Responsibilities and basis of report**
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 ofmy examination of the Trust's accounts carried out under Section 145 oftbe Act and in carrying out my examination I have followed all 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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
3. 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.
Goldwells Ltd
25 Baron Taylors Street Inverness Highland IVl lQG Date: ..:$. � {qgJ.z..9..5.........
Page4
## **INVERNESS VINEYARD CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024**
|2024
Unrestricted
Notes
fund
£
**INCOMEANDENDOWMENTS FROM**
Donations and legacies
105,326
`Investment income`
2
**Total**
105,326
**EXPENDITUREON**
Raising funds
3
16,158
**Charitable activities**
General charitable activities
48,307
Other
36,649
**Total**
101,114
**NET INCOME/(EXPENDITURE)**
4,212
**RECONCILIATIONOFFUNDS**
Total funds brought forward
17,545
**TOTAL FUNDS CARRIEDFORWARD**
21,757||2023
Total
funds
£
91,0ll
39|
|---|---|---|
|||91,050|
|||16,897
49,154
33,679|
|||99,730|
|||(8,680)
26,225|
|||17,545|
The notes form part of these financial statements
Page _5_
||**INVERNESS VINEYARD CHURCH**|||
|---|---|---|---|
||**BALANCE SHEET**|||
||**31ST DECEMBER 2024**|||
|||2024|2023|
|||Unrestricted|Total|
|||fund|funds|
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible assets|6|3,831|4,788|
|**CURRENT ASSETS**||||
|Cash at bank||19,396|14,404|
|**CREDITORS**||||
|Amounts falling duewithinone year|7|(1,470)|(1,647)|
|**NET CURRENTASSETS**||17,926|12,757|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||21,757|17,545|
|**NET ASSETS**||21,757|17,545|
|||--|--|
|**FUNDS**|8|||
|Unrestricted funds||21,757|17,545|
|**TOTAL FUNDS**||21,757|17,545|
The financial statements were approved by the Board of Trustees and authorised for issue on . ............................................ and were signed on its behalf by:
- Trustee
The notes form part of these financial statements
Page _6_
**INVERNESS VINEYARD CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. INVESTMENT INCOME**
Interest receivable - trading
2024 2023 £ £ 39
continued...
Page7
## **INVERNESS VINEYARD CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** - **continued FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **3. RAISING FUNDS**
## **Raising donations and legacies**
||**Raising donations and legacies**|||
|---|---|---|---|
|||2024|2023|
|||£|£|
||Support costs|16,158|16,897|
|**4.**|**TRUSTEES' REMUNERATION AND BENEFITS**|||
|||2024|2023|
|||£|£|
||Trustees' salaries|29,835|27,693|
||Trustees' pensions paid|1,081|1,073|
|||30,916|28,766|
|||--|--|
|||||
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31st December 2024 nor for the year ended 31st December 2023.
|**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES**||
|---|---|---|---|
||||Unrestricted|
||||fund|
||||£|
||**INCOME AND ENDOWMENTS FROM**|||
||Donations and legacies||91,011|
||Investment income||39|
||**Total**||91,050|
||**EXPENDITURE ON**|||
||Raising funds||16,897|
||**Charitable activities**|||
||General charitable activities||49,154|
||Other||33,679|
||**Total**||99,730|
||**NET INCOME/(EXPENDITURE)**||(8,680)|
||**RECONCILIATION OF FUNDS**|||
||Total funds brought forward||26,225|
||**TOTAL FUNDS CARRIED FORWARD**||17,545|
||||id|
continued...
Page 8
## **INVERNESS VINEYARD CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** - continued **FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **6. TANGIBLE FIXED ASSETS**
|**6.**|**TANGIBLE FIXED ASSETS**||||||
|---|---|---|---|---|---|---|
||||Plant and||Motor||
||||machinery||vehicles|Totals|
|||||£|£|£|
||**COST**||||||
||At 1st January 2024 and||||||
||31st December 2024|||5,605|7,032|12,637|
||**DEPRECIATION**||||||
||At 1st January 2024|||3,957|3,892|7,849|
||Charge for year|||329|628|957|
||At 31st December 2024|||4,286|4,520|8,806|
||**NET BOOK VALUE**||||||
||At 31st December 2024|||1,319|2,512|3,831|
||At 31st December 2023|||1,648|3,140|4,788|
|7.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE**||**YEAR**||||
||||||2024|2023|
||||||£|£|
||Taxation and social security||||510|687|
||Other creditors||||960|960|
||||||1,470|1,647|
|**8.**|**MOVEMENT **IN **FUNDS**||||||
|||||Net|Transfers||
||||movement||between|At|
|||At 1.1.24|in|funds|funds|31.12.24|
|||£||£|£|£|
||**Unrestricted funds**||||||
||General fund|17,545||4,212||21,757|
||**TOTALFUNDS**|17,545||4,212||21,757|
||Net movement in funds, included in the|above are as follows:|||||
||||Incoming||Resources|Movement|
||||resources||expended|in funds|
|||||£|£|£|
||**Unrestricted funds**||||||
||General fund||105,326||(101,114)|4,212|
||**TOTALFUNDS**||105,326||(101,114)|4,212|
continued...
Page9
**INVERNESS VINEYARD CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **8. MOVEMENT** IN **FUNDS** - **continued**
**Comparatives for movement** in **funds**
|**Comparatives for movement**in**funds**|||||
|---|---|---|---|---|
||||Net||
||||movement|At|
||At 1.1.23|At 1.1.23|in funds|31.12.23|
|||£|£|£|
|**Unrestricted funds**|||||
|General fund|26,225||(8,680)|17,545|
|**TOTAL FUNDS**|26,225||(8,680)|17,545|
||--|--|--|--|
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|91,050|(99,730)|(8,680)|
|**TOTALFUNDS**|91,050|(99,730)|(8,680)|
||--|--|-|
A current year 12 months and prior year 12 months combined position is as follows:
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
||At 1.1.23|At 1.1.23|in funds|funds|31.12.24|
|||£|£|£|£|
|**Unrestricted funds**||||||
|General fund|26,225||(4,468)||21,757|
|**TOTAL FUNDS**|26,225||(4,468)||21,757|
||--|--||||
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Incoming Resources Movement resources expended in funds £ £ £ **Unrestricted funds** General fund 196,376 (200,844) (4,468) **TOTALFUNDS** 196,376 (200,844) (4,468) ~~—~~
continued...
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## **INVERNESS VINEYARD CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS** - **continued FOR THE YEAR ENDED 31ST DECEMBER 2024**
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2024.
Page 11
INVERNESS VINEYARD CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
|INCOME AND ENDOWMENTS
2024
£
**Donations and legacies**
Gifts
91,638
Giftaid
13,688
105,326
**Investment income**
Interest receivable - trading
**Total incoming resources**
105,326
**EXPENDITURE**
**Charitable activities**
Church Licences
259
Church Suite
546
Planning Centre Sub
154
Mainly Music
1,030
Missions Giving
**9,388**
The Well
2,000
Reach
294
Chrislmas
**896**
Fathers/Mothers Day
57
Visiting Speakers
374
Van Running Costs
3,243
Various Equipment
2,109
Community Lunch
684
Community Fun Day
429
VCUKI Giving
6,445
YouthHangouts
76
27,984
**Other**
Travelexpenses
4,019
Staff Training
1,714
Staff Subsidy
Conference for LP's
5,733
**Support costs**
**Management**
Insurance
166
Telephone
608
Postageandstationery
53
Advertising
299
1,126|2023
£
84,864
6,147|
|---|---|
||91,011
39|
||91,050
248
546
116
**895**
6,448
3,515
2,677
47
532
6,342
2,370
508
756
8,571|
||33,571
19
625
323
758|
||1,725
166
588
333
217|
||1,304|
This page does not form part of the statutory financial statements
Page 12
## INVERNESS VINEYARD CHURCH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
|**Management**
**Finance**
Bank charges
**Informationtechnology**
Repairs and renewals
**Human resources**
Software licences
Sunday food
**Other**
Postage and stationery
Sundries
Venue Rental
Office Rent
Plant and machinery
Motor vehicles
**Governance costs**
Trustees' salaries
Trustees' pensions paid
Wages
Accountancy and legal fees
Total resources expended
**Net income/(expenditure)**|`2024`
£
60
`271`
`209`
858
1,067
104
2,341
6,727
5,678
`330`
`628`
15,808
29,835
1,081
16,158
1,991
`49,065`
101,114
`4,212`|`2023`
£
60
`249`
`327`
724
1,051
`276`
32
5,760
6,851
412
785
14,116
27,693
1,073
16,897
1,991
`47,654`
99,730
(8,680)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13