IRIS Accounts Production v24.2.0.383 Other Company accounts True false Pounds 1.9.22 31.8.23 31.8.23 FY FRS 102 Audited Large and medium-sized companies regime for accounts Full Charities SORP true true true true true false true false false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3668442022-08-31SC3668442023-08-31SC3668442022-09-012023-08-31SC3668442021-08-31SC3668442021-09-012022-08-31SC3668442022-08-31SC366844ns0:CharitableCompanyLimitedByGuarantee2022-09-012023-08-31SC366844ns15:PoundSterling2022-09-012023-08-31SC366844ns11:FRS1022022-09-012023-08-31SC366844ns11:Audited2022-09-012023-08-31SC366844ns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-09-012023-08-31SC366844ns11:FullAccounts2022-09-012023-08-31SC366844ns11:CharitiesSORP2022-09-012023-08-31SC36684422022-09-012023-08-31SC366844ns16:EnglandWales2022-09-012023-08-31SC366844ns11:RegisteredOffice2022-09-012023-08-31SC366844ns0:Trustee22022-09-012023-08-31SC366844ns0:Trustee32022-09-012023-08-31SC366844ns0:Trustee12022-09-012023-08-31SC366844ns0:Trustee42022-09-012023-08-31SC366844ns0:Trustee52022-09-012023-08-31SC366844ns0:Trustee62022-09-012023-08-31SC366844ns11:CompanySecretary12022-09-012023-08-31SC366844ns0:TotalUnrestrictedFunds2022-09-012023-08-31SC366844ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC366844ns0:Activity82022-09-012023-08-31SC366844ns0:Activity8ns0:TotalUnrestrictedFunds2022-09-012023-08-31SC366844ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC366844ns0:Activity82021-09-012022-08-31SC366844ns0:TotalUnrestrictedFundsns0:Activity92022-09-012023-08-31SC366844ns0:Activity9ns0:TotalRestrictedIncomeFunds2022-09-012023-08-31SC366844ns0:Activity92022-09-012023-08-31SC366844ns0:Activity92021-09-012022-08-31SC366844ns0:TotalUnrestrictedFunds2022-08-31SC366844ns0:TotalRestrictedIncomeFunds2022-08-31SC366844ns0:TotalUnrestrictedFunds2023-08-31SC366844ns0:TotalRestrictedIncomeFunds2023-08-31SC366844ns0:TotalUnrestrictedFundsns10:WithinOneYear2023-08-31SC366844ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2023-08-31SC366844ns10:WithinOneYear2023-08-31SC366844ns10:WithinOneYear2022-08-31SC366844ns0:TotalUnrestrictedFundsns10:AfterOneYear2023-08-31SC366844ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2023-08-31SC366844ns10:AfterOneYear2023-08-31SC366844ns10:AfterOneYear2022-08-31SC36684412022-09-012023-08-31SC366844ns10:Goodwill2022-09-012023-08-31SC36684422022-09-012023-08-31SC36684432022-09-012023-08-31SC36684412022-09-012023-08-31SC36684412021-09-012022-08-31SC366844ns10:OwnedAssets2022-09-012023-08-31SC366844ns10:OwnedAssets2021-09-012022-08-31SC366844ns10:NetGoodwill2022-09-012023-08-31SC366844ns10:NetGoodwill2021-09-012022-08-31SC366844ns0:TotalUnrestrictedFunds2021-09-012022-08-31SC366844ns0:TotalRestrictedIncomeFunds2021-09-012022-08-31SC366844ns0:Activity8ns0:TotalUnrestrictedFunds2021-09-012022-08-31SC366844ns0:Activity8ns0:TotalRestrictedIncomeFunds2021-09-012022-08-31SC366844ns0:TotalUnrestrictedFundsns0:Activity92021-09-012022-08-31SC366844ns0:Activity9ns0:TotalRestrictedIncomeFunds2021-09-012022-08-31SC366844ns10:NetGoodwill2023-08-31SC366844ns10:NetGoodwill2022-08-31SC366844ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-08-31SC366844ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-08-31SC366844ns10:FurnitureFittings2022-08-31SC366844ns10:ComputerEquipment2022-08-31SC366844ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-09-012023-08-31SC366844ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-09-012023-08-31SC366844ns10:FurnitureFittings2022-09-012023-08-31SC366844ns10:ComputerEquipment2022-09-012023-08-31SC366844ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-08-31SC366844ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2023-08-31SC366844ns10:FurnitureFittings2023-08-31SC366844ns10:ComputerEquipment2023-08-31SC366844ns10:LandBuildingsns10:OwnedOrFreeholdAssets2022-08-31SC366844ns10:Non-standardPPEClass1ComponentTotalPropertyPlantEquipment2022-08-31SC366844ns10:FurnitureFittings2022-08-31SC366844ns10:ComputerEquipment2022-08-31SC366844ns10:BetweenOneTwoYears2023-08-31SC366844ns10:BetweenOneTwoYears2022-08-31SC366844ns10:BetweenOneFiveYears2023-08-31SC366844ns10:BetweenOneFiveYears2022-08-31SC366844ns10:AllPeriods2023-08-31SC366844ns10:AllPeriods2022-08-31SC366844ns10:Secured2023-08-31SC366844ns10:Secured2022-08-31
REGISTERED COMPANY NUMBER: SC366844 (Scotland)
REGISTERED CHARITY NUMBER: SC012824








REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

CATALYST VINEYARD CHURCH

CATALYST VINEYARD CHURCH

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Report of the Trustees 1 to 7

Report of the Independent Auditors 8 to 11

Statement of Financial Activities 12

Balance Sheet 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16 to 27

CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. 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).

OBJECTIVES AND ACTIVITIES
Our core purpose is to follow and serve Jesus Christ and to contribute to the advancement of the Christian faith. Our objectives are to grow spiritually and numerically and to serve the communities that we live in and are summarised in our vision statement to be "a growing, worshipping community of Jesus-followers passionate about being and speaking Good News to the world".

Over the years we have had a strong commitment to the relief of poverty in the communities local to our various sites through an extensive social outreach programme, significant volunteering and the support of other local charities. We also support overseas mission partners to advance the Christian faith and to relieve poverty.

We aim to encourage our members to take an active part in the church through being part of Connect Groups (for fellowship, prayer, and practical care and support), by taking an active role in society in their everyday lives, and by serving in some practical way in the church or for the good of society.


CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023


ACHIEVEMENT AND PERFORMANCE
The church has experienced a period of growth in the numbers of new people joining, with 1,374 adults and children recorded as members at the year-end, meeting in 7 sites of Aberdeen Central, Aberdeen North, Stonehaven, Mearns, Ellon, Inverurie, and Peterhead. 30 people were baptised over 12 months.

We invest in developing a strong sense of community, encouraging as many people as possible in finding a role. 30 additional people stepped up to lead new connect groups, with around 60% of the members participating in these small groups meeting during the week. Community prayer continued at the core of our church, with the early morning Kingdom Come online prayer meetings launched. 123 adults served in children's ministry, with an average of 140 children attending Sunday services each week. Three successful family outreach events were held, an Easter Egg Hunt, a Messy Mile, and a Nativity Trail, which connected with 2,327 children and their families. Our Lego Club run out of the Stonehaven site had 59 families attend over 5 sessions. Our youth programme and young adults programme continued strongly, with the Sunday evening church service run by the young adults a huge success. We continued to run our online church service, Catalyst Live. We had 35 worship leaders across our church and 82 musicians, supported by 60 people on the tech team.

Catalyst Transform's social outreach programme continued to provide fresh food, dairy, and bakery goods as well as ambient foods, toiletries and household essentials via its Storehouse Community Pantry service. The communities around all seven Catalyst Vineyard sites were catered for each week via a combination of fixed and mobile pantries. 32 tonnes of food, equivalent to 76,500 meals, was given away to 1,503 people of which 299 were children. The CAP Debt Centre worked with 43 clients to tackle unmanageable debt and its consequences, with 11 people becoming debt-free. The CAP Money Course taught budgeting skills to help people save, avoid debt and get in control of their finances.

The Prison Chaplaincy service provided pastoral and practical support for prisoners and ex-offenders, helping individuals to realise their potential and avoid re-offending including running Prison Fellowship Scotland's Sycamore Tree Restorative Justice Course teaching the principles and application of restorative justice. They provided 396 sessions, working with 42 clients. Work placements from the Community Integration Unit of the prison continued, along with community payback order placements and asylum seeker referrals.

The Lifestyle weekly gateway worship service served 140 people with 3,920 dinners, supported by 45 volunteers. The weekly Open Doors drop-in service provided a safe social space for community care at 5 of our locations where attendees complete a structured needs assessment which assesses health, financial, addiction, accommodation, social and spiritual needs, and each person is encouraged and supported to access help or opportunities offered by the church or statutory and third-sector organisations.
The Parish Nurse, providing a fortnightly service in Aberdeen city centre, held 188 appointments with 70 individuals, helping those with complex issues to access statutory health care and promoting health via blood pressure clinics, smoking cessation classes, and healthy heart nights.

Church members contributed a significant number of hours of voluntary service over the course of the year including pastoral care and investing in family life through marriage courses, marriage preparation courses and parenting courses. They ran 14 Alpha courses to introduce people to Christianity, services and activities in local schools, and chaplaincy services to several local secondary schools.

They provided financial support to, and were actively involved in, the National Street Pastors initiative, providing teams of people to work in partnership with the police and the local authority to provide a calming influence on the city centre streets on Friday and Saturday nights. They supported a number of local charities and ministries including the Teen Challenge Sunny Brae drug rehabilitation centre.

We provided financial support to 10 partners in 6 countries in a range of missions. These included the New Life children's home in Albania, a Bible school in south east Asia, humanitarian aid and ministry in Sri Lanka, the New Life Home Trust homeless children's charity in Kenya, children's work in Tanzania, the Kid's Club Kampala in Uganda and Mercy Ministries in the North of England.

Overall, the trustees are satisfied that the activities of Catalyst Vineyard Church in the period were well aligned with its stated purposes

Buildings
A strategic objective is to acquire suitable buildings for our local church congregations to allow them to engage in their local communities throughout the week and not just on Sundays.

A licence to occupy the Church of Scotland's South Church, Stonehaven was signed in September 2022 as a venue for our Stonehaven Site.


CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023


A contract was executed by our sister charity Catalyst Community Regeneration Company in June 2023 for the refurbishment of the former Laurencekirk Community Centre as a permanent home for our Mearns Site, with funds provided by Catalyst Vineyard Church under a loan agreement.

Following receipt of planning consent for the change of use of the former Credo Centre building in Aberdeen city centre as a church and its ancillary activities, and the securing of a £250,000, 20 year term mortgage with RBS, purchase was completed in December 2022, as a venue for the North Site and for Catalyst Transform's social outreach activities. A contract for its refurbishment was awarded in July 2023.

FINANCIAL REVIEW
Financial position
The annual accounts are subject to audit in line with the requirements of the Companies Act and the Articles of Association. The accounts show a surplus for the period of £284,380. The reserves of Catalyst Vineyard Church at 31st August 2023 were £1,450,671 and were allocated between restricted and unrestricted reserves as shown on page 12 of the accounts.

It is the policy of the Trust to invest any surplus funds in interest bearing bank accounts. Catalyst Vineyard Church uses CAF (Charities Aid Foundation) Bank which provides benefits in terms of attractive interest rates on savings and an online banking service.

Reserves policy
The trustee's policy is to maintain reserves to meet one month of salaries and non-discretionary commitments (such as the mortgages).

FUTURE PLANS
The trustees look to see the church continue to grow and continue to work out its objectives. Our intention is that most of our growth should come by attracting those who have little or no connection with any existing church.

It is expected to complete the refurbishment of the Laurencekirk and Credo buildings in 2024 to serve as permanent homes for the Mearns and North Sites respectively. The financing of these two refurbishment projects was made possible by the generosity of the church members in a giving campaign in 2023 and by the award of a grant towards the Laurencekirk building from the government's Communities Ownership Fund in 2023.

Catalyst Transform is well placed to continue to deliver and build on its social outreach activities. The Credo building will serve as its base, providing increased space to introduce additional social outreach activities that support delivery of the primary purposes of the charity, including the operation of a small café staffed primarily by volunteers, with the purpose of promoting the church's outreach activities, a work placement and training programme to provide a pathway to employment for people, the letting of the church hall and meeting rooms to external organisations when they are not being used for our own church activities, and the leasing of furnished desk/office space to several local charities with whom we have close links. After careful consideration of various options, the trustees' preferred solution is to keep these additional activities within the existing charity to reduce the complexity of accounting and the administration of more than one charitable company. HMRC guidance has been sought on the tax implications.

An assessment of the viability of purchasing the Stonehaven South Church will be carried out following it being put on the market for sale by the Church of Scotland in February 2024.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
Catalyst Vineyard Church is a charitable company limited by guarantee. The trustees are also the directors for the purposes of company law. They meet regularly to monitor the activities of the charity, and to ensure the relevant financial and legal requirements are met. The trustees are all familiar with the work of the charity. One of the Lead Pastors leaders ensures a link between the trustees and the Church Council. New trustees are appointed by the unanimous decision of the existing trustees, selection being based on the character and skills possessed by the individuals, on a profession of Christian belief and on being a committed adherent of Catalyst Vineyard Church.

The trustees who served during the year were:

C Freeland
S Glazier
J Purdie
I Ferguson
N McKibben
N Robinson Appointed after the year end on 18th September 2023

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Church Council
The Church Council provides spiritual direction and leadership of the church, its Christian ministry and pastoral care and oversight of the church members. The trustee directors and Church Council work in close cooperation to achieve the overall goals and missions of the charity.

Pay Policy for Trustee Directors and Staff
The trustee directors are volunteers and give their time freely except for Chuck Freeland whose remuneration and expenses are disclosed in notes 11 and 24 in the accounts.

Staff pay is based on a salary ladder, with clearly specified salary bands encompassing all positions, which is reviewed annually by the board of trustee directors.

Staff
The staff team is line-managed by four Associate Pastors (Ministries; Sites; Preaching; Core Support) who in turn report to one of the Lead Pastors. At the period end the staff consisted of 11 full-time people and 23 (11.3 full-time equivalents) part-time people, a total of 22.3 FTE. Two staff sabbaticals took place during the period. Staff policies are reviewed periodically and supplemented when necessary.

Affiliation to Vineyard
Catalyst Vineyard Church is affiliated to Vineyard Churches UK & Ireland (VCUKI). The affiliation is by way of licensing the Vineyard trademark to Catalyst Vineyard Church's Lead Pastors, Chuck and Taryn Freeland, under which they are personally members of the Vineyard Association. In all other respects Catalyst Vineyard Church retains complete autonomy as a charitable organisation.

Catalyst Vineyard Church has a strong focus on playing a part in the growth of the Christian church through the planting of new churches. In pursuit of the objective of contributing to the growth of the wider church at a national level, the 2-days per week secondment of Chuck and Taryn Freeland as Directors of Strategy for VCUKI was extended to 31st August 2024 and the secondment of Sarah Robertson as Leadership Academy Director for VCUKI was extended to 31st December 2024.


CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The legal structure as a company limited by guarantee is seen by the trustees as a key element in managing the risks of the charity. The main strategic risk is to ensure that expenditures of the church remain within the financial means available. Catalyst Vineyard Church relies for its income on the financial contributions of its members. The financial position is carefully monitored, and control is exerted through detailed budgeting, monthly reporting and financial forecasting. Authority to spend money is carefully controlled. The church leaders are delegated with responsibility to manage the day-to-day expenditures of the church. A challenge is to encourage people to contribute financial support in a deliberate and identifiable way.

The church uses a secure online banking service to facilitate its financial operations. It uses pre-paid credit cards to reduce exposure to misuse and remove the risk of fraudsters having direct access to the bank account, as well as removing the need for staff members to incur church expenses on their personal credit cards. Procedures for staff expenses are in place to ensure compliance with HMRC requirements.

Insurance policies are in place to cover the main insurable risks, including buildings and content cover and civil liability.

The safeguarding of children and vulnerable adults is taken seriously and is a standing agenda item at trustee meetings. A dedicated Safeguarding Coordinator oversees this critical area. During the period a new monthly report was put in place and improvements made to the safeguarding policy. Working with children (children's Sunday services and holiday activities) is carefully organised and monitored. The statutory requirements of Disclosure Scotland are implemented for all adults engaged in children's activities. Key workers exercise line management responsibility with regard to disclosures for areas of ministry for which they have oversight. Three Child Protection Officers are in place covering pre-school children, school-aged children, and youth respectively. A rota system of on-call responsible people for protection incidents is in place. After the end of the period a new trustee with professional safeguarding experience was appointed to act as a focal point in the trustee forum for safeguarding.

An annual review of workplace safety is carried out and risk assessment updates are carried out.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC366844 (Scotland)

Registered Charity number
SC012824

Registered office
49 Gilcomston Park
ABERDEEN
AB25 1PN

Trustees
C E Freeland
S T Glazier
J E Purdie
I G Ferguson
N Mckibben
N C Robinson (appointed 18/9/23)

Company Secretary
J E Purdie

Auditors
Bain Henry Reid
Statutory Auditors
Chartered Accountants
4 West Craibstone Street
Bon-Accord Square
ABERDEEN
AB11 6YL


CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023


REFERENCE AND ADMINISTRATIVE DETAILS
Solicitors
Raeburn Christie Clark & Wallace LLP
12-16 Albyn Place
Aberdeen
AB10 1PS

Bankers
The Royal Bank of Scotland
40 Albyn Place
Aberdeen
United Kingdom
AB10 1YN

CAF Bank Limited
25 Kings Hills Avenue
Kings Hill
West Malling
Kent
United Kingdom
ME19 4JQ

Kingdom Bank
Ruddington Fields Business Park
Mere Way
Ruddington
Nottingham
United Kingdom
NG11 6JS

The Charity Bank Limited
Fosse House
182 High Street
Tonbridge
TN9 1BE

Bank of Scotland
110 ST Vincent Street
Glasgow
G2 5ER

STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Catalyst Vineyard Church for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company 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 charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2023


STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS
The auditors, Bain Henry Reid, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 29 August 2024 and signed on its behalf by:





J E Purdie - Trustee

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF
CATALYST VINEYARD CHURCH


Opinion
We have audited the financial statements of Catalyst Vineyard Church (the 'charitable company') for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 August 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' (who are also the directors of the company for company law purposes) use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF
CATALYST VINEYARD CHURCH


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006, the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:
- adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF
CATALYST VINEYARD CHURCH


Our responsibilities for the audit of the financial statements
The firm has been appointed under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with the Acts and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
- we identified the laws and regulations applicable to the company through discussions with trustees and other management, and from our knowledge and experience of the charity sector;
- we focussed on specific laws and regulations which we considered may have a direct material effect on the financial statements or operations of the company, including the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006, Statement of Recommended Practice - Accounting by Charities (FRS102), FRS 102 and Companies Act 2006. We also considered those with an indirect effect including employment law, health and safety, food safety, safeguarding regulations, AML regulations and general data protection regulations; and
- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, inspecting legal correspondence and inspecting correspondence from OSCR.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate the risks of fraud and non-compliance with laws and regulations; and
- exercised professional judgement and maintained professional scepticism throughout the audit.

To address the risk of fraud through management bias and override of controls, we:
- conducted a review of large or unusual items, and transactions outwith the normal course of business;
- tested journal entries to identify unusual transactions;
- performed expenditure transaction testing of restricted fund expenditure and discussed in detail balances outstanding at the year end on restricted funds;
- considered undisclosed related party transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

To address the risk of fraud through revenue recognition we:
- performed sales transaction testing to ensure all income is correctly recognised in the financial statements;
- conducted audit procedures to confirm that it was being recognised in line with the accounting policy; and
- carried out substantive procedures to confirm the accuracy of completion and cut-off.

To address the risks with restricted funds we:
- made enquiries as to what restricted income related to;
- ensured that any restricted funds are shown correctly in the financial statements; and
- ensured that all expenditure had been offset correctly.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC and relevant regulators,

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that are due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES AND MEMBERS OF
CATALYST VINEYARD CHURCH


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Graham W Thomson CA (Senior Statutory Auditor)
for and on behalf of Bain Henry Reid
Statutory Auditors
Chartered Accountants
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
4 West Craibstone Street
Bon-Accord Square
ABERDEEN
AB11 6YL

29 August 2024

CATALYST VINEYARD CHURCH

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3 1,043,570 481,842 1,525,412 1,428,909

Investment income 4 2,961 - 2,961 796
Other income 5 182,233 24,317 206,550 145,301
Total 1,228,764 506,159 1,734,923 1,575,006

EXPENDITURE ON
Charitable activities 6
Pastoral 814,663 204,976 1,019,639 1,011,081
Administrative
354,151 46,396 400,547 438,940

Other 8 30,357 - 30,357 17,322
Total 1,199,171 251,372 1,450,543 1,467,343

NET INCOME 29,593 254,787 284,380 107,663
Transfers between funds 22 (56,951 ) 56,951 - -
Net movement in funds (27,358 ) 311,738 284,380 107,663

RECONCILIATION OF FUNDS
Total funds brought forward 1,051,835 114,456 1,166,291 1,058,628

TOTAL FUNDS CARRIED FORWARD 1,024,477 426,194 1,450,671 1,166,291

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

The statement of financial activities includes all gains and losses recognised in the year.

CATALYST VINEYARD CHURCH (REGISTERED NUMBER: SC366844)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 14 1,350 - 1,350 -
Tangible assets 15 1,180,705 - 1,180,705 913,975
1,182,055 - 1,182,055 913,975

CURRENT ASSETS
Debtors 16 254,583 265 254,848 51,190
Cash at bank and in hand 223,793 425,929 649,722 596,438
478,376 426,194 904,570 647,628

CREDITORS
Amounts falling due within one year 17 (57,058 ) - (57,058 ) (38,460 )

NET CURRENT ASSETS 421,318 426,194 847,512 609,168

TOTAL ASSETS LESS CURRENT LIABILITIES 1,603,373 426,194 2,029,567 1,523,143

CREDITORS
Amounts falling due after more than one year 18 (578,896 ) - (578,896 ) (356,852 )

NET ASSETS 1,024,477 426,194 1,450,671 1,166,291
FUNDS 22
Unrestricted funds 1,024,477 1,051,835
Restricted funds 426,194 114,456
TOTAL FUNDS 1,450,671 1,166,291


The financial statements were approved by the Board of Trustees and authorised for issue on 29 August 2024 and were signed on its behalf by:





J E Purdie - Trustee

CATALYST VINEYARD CHURCH

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 175,516 144,358
Interest paid (30,357 ) (17,322 )
Net cash provided by operating activities 145,159 127,036

Cash flows from investing activities
Purchase of intangible fixed assets (1,500 ) -
Purchase of tangible fixed assets (325,692 ) (256,762 )
Sale of tangible fixed assets 2,855 3,316
Interest received 2,961 676
Net cash used in investing activities (321,376 ) (252,770 )

Cash flows from financing activities
New loans in year 250,000 -
Loan repayments in year (20,499 ) (13,385 )
Net cash provided by/(used in) financing activities 229,501 (13,385 )

Change in cash and cash equivalents in the
reporting period

53,284

(139,119

)
Cash and cash equivalents at the beginning of
the reporting period

596,438

735,557
Cash and cash equivalents at the end of the
reporting period

649,722

596,438

CATALYST VINEYARD CHURCH

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2023


1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

284,380

107,663
Adjustments for:
Depreciation charges 56,505 52,851
Profit on disposal of fixed assets (247 ) (251 )
Interest received (2,961 ) (676 )
Interest paid 30,357 17,322
Increase in debtors (203,658 ) (31,067 )
Increase/(decrease) in creditors 11,140 (1,484 )
Net cash provided by operations 175,516 144,358


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/9/22 Cash flow At 31/8/23
£    £    £   
Net cash
Cash at bank and in hand 596,438 53,284 649,722
596,438 53,284 649,722

Debt
Debts falling due within 1 year (14,160 ) (7,458 ) (21,618 )
Debts falling due after 1 year (356,852 ) (222,044 ) (578,896 )
(371,012 ) (229,502 ) (600,514 )
Total 225,426 (176,218 ) 49,208

CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. CHARITY INFORMATION

Catalyst Vineyard Church is a private company limited by guarantee incorporated in Scotland. The registered office is 49 Gilcomston Park, Aberdeen, AB25 1PN, United Kingdom.

The principal activity of the charity is to follow and serve Jesus Christ and to contribute to the advancement of the Christian faith.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements also comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and the Memorandum and Articles of Association.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Useful economic lives of tangible fixed assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual value of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Property valuation
At each reporting end date, the company reviews the carrying amounts of its property to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Donated goods and services valuation
At each reporting end date, the company reviews the items donated through Transform. With the knowledge of the average items per bag and the average cost of a bag, the estimated value of goods received can be calculated. In addition, rent free accommodation is estimated based on prior experience and local knowledge.

Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.


CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Income
Income from donated goods is measured at the fair value of the foods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor of the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Income from government and other grants whether 'capital' grants or 'revenue' grants, is recognised when the charity is entitled to the funds, any performance conditions attached to the grants have been met, 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less the estimated residual value of each asset over its estimated useful life.

Freehold property- 2% on cost
Improvements to property- 20% on cost and 5% on cost
Office furniture & equipment- 20% on reducing balance
Computer equipment- 33% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Payment's to defined contribution retirement benefit schemes are charged as an expense as they fall due.


CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued


Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue its operations over the next 12 months. Thus the Trustees continue to adopt the going concern basis of accounting preparing the financial statements.

Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The Charity has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and these is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 1,222,933 1,165,872
Gift aid 220,500 157,889
Grants 62,179 43,135
Donated goods and services 19,800 62,013
1,525,412 1,428,909

Donated goods and services
Unrestricted donated goods and services relates to donated property rental. Restricted donated goods and services relates to food items donated to the food bank.

CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


3. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

2023 2022
£    £   
Fyrish Foundation 15,000 -
Aberdeen City Council 11,575 -
Sainsbury's 10,500 5,000
Baillie Gifford Foundation Scotland 6,000 -
Health Improvement Fund 4,388 -
CAP 2,540 9,500
Aberdeen University Students 3,126 2,785
Albert Hunt Trust 2,000 -
Tesco 1,000 1,000
Garioch Community Food Fund 1,000 -
Lidl 500 -
Macphie 250 -
Stewardship Fund 1,000 -
Arnold Clark 2,500 2,500
Warm Space grant 800 -
Covid Winter Hardship Fund - 8,000
Hugh Fraser Foundation - 5,000
Garfield Weston - 5,000
Hubbub Foundation - 3,000
Love Your Neighbour - 1,250
IFAN - 100
62,179 43,135

4. INVESTMENT INCOME
2023 2022
£    £   
Letting & licencing arrangements - 120
Deposit account interest 2,961 676
2,961 796

5. OTHER INCOME

2023 2022
£    £   
Gain on sale of tangible fixed assets 247 251

Other income
Leadership conference income 26,477 13,412
Transform income 31,893 31,113
Staff costs reimbursed 83,502 64,003
Various other amounts 64,431 36,522
206,303 145,050


CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£    £    £   
Pastoral 1,019,639 - 1,019,639
Administrative
382,817 17,730 400,547
1,402,456 17,730 1,420,186

7. SUPPORT COSTS
Governance
costs
£   
Administrative

17,730

8. OTHER
2023 2022
£    £   
Interest payable and similar charges 30,357 17,322


9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 56,354 52,851
Other operating leases 15,808 18,982
Surplus on disposal of fixed assets (247 ) (251 )
Goodwill amortisation 150 -

10. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the charity's auditors for the audit of the charity's financial statements 10,250 1,150
Other non-audit services 7,480 6,110


CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


11. TRUSTEES' REMUNERATION AND BENEFITS

One or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity.

Mr C Freeland; Employment as Church Leader
Salary of £52,747 (2022: £53,168) and pension contributions of £7,912 (2022: £7,608).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.


12. STAFF COSTS
2023 2022
£    £   
Wages and salaries 659,053 645,400
Social security costs 56,044 56,269
Other pension costs 107,071 102,116
822,168 803,785

The average monthly number of employees during the year was as follows:

2023 2022
Pastoral 25 25
Administrative 7 8
32 33

No employees received emoluments in excess of £60,000.

13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,289,529 139,380 1,428,909

Investment income 796 - 796
Other income 119,465 25,836 145,301
Total 1,409,790 165,216 1,575,006

EXPENDITURE ON
Charitable activities
Pastoral 732,429 278,652 1,011,081
Administrative
434,057 4,883 438,940

Other 17,322 - 17,322
Total 1,183,808 283,535 1,467,343

NET INCOME/(EXPENDITURE) 225,982 (118,319 ) 107,663
Transfers between funds (147,813 ) 147,813 -

CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
Net movement in funds 78,169 29,494 107,663

RECONCILIATION OF FUNDS
Total funds brought forward 973,666 84,962 1,058,628

TOTAL FUNDS CARRIED FORWARD 1,051,835 114,456 1,166,291

14. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 1,500
AMORTISATION
Charge for year 150
NET BOOK VALUE
At 31 August 2023 1,350
At 31 August 2022 -

15. TANGIBLE FIXED ASSETS
Improvements Office
Freehold to furniture Computer
property property & equipment equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 814,211 139,724 344,412 76,620 1,374,967
Additions 316,806 - 5,767 3,119 325,692
Disposals - - (9,200 ) - (9,200 )
At 31 August 2023 1,131,017 139,724 340,979 79,739 1,691,459
DEPRECIATION
At 1 September 2022 85,756 74,494 236,552 64,190 460,992
Charge for year 20,761 8,630 22,169 4,794 56,354
Eliminated on disposal - - (6,592 ) - (6,592 )
At 31 August 2023 106,517 83,124 252,129 68,984 510,754
NET BOOK VALUE
At 31 August 2023 1,024,500 56,600 88,850 10,755 1,180,705
At 31 August 2022 728,455 65,230 107,860 12,430 913,975


CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from connected party 158,661 32,195
Gift aid recoverable 83,177 10,375
Prepayments 13,010 8,620
254,848 51,190

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 19) 21,618 14,160
Social security and other taxes 462 -
Accrued expenses 34,978 24,300
57,058 38,460

18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 19) 578,896 356,852

19. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year on demand:
Bank loans 21,618 14,160
Amounts falling between one and two years:
Bank loans - 1-5 years 93,519 63,497
Amounts falling due in more than five years:

Repayable by instalments:
Bank loans more 5 yr by instal 485,377 293,355

The effective rate of interest of the long-term loans are: 4.58% for the loan which commenced in 2021 & 7.62% for the loan which commenced in 2022 .

20. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023 2022
£    £   
Within one year 10,289 14,260
Between one and five years 2,126 7,255
12,415 21,515

In the period £15,808 was recognised as an expense towards operating lease commitments (2022: £18,982).

CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


21. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 600,514 371,012

The bank borrowings are secured by standard securities over the properties at 49 Gilcomston Park, Aberdeen and 14-20 John Street, Aberdeen.

22. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1/9/22 in funds funds 31/8/23
£    £    £    £   
Unrestricted funds
General fund 1,051,835 29,593 (56,951 ) 1,024,477

Restricted funds
Transform 104,998 (84,958 ) 71,295 91,335
Vineyard 8,832 (10,519 ) 1,704 17
Bike Grant 626 - - 626
Compassion - (388 ) 388 -
India - 20,446 (16,436 ) 4,010
Community Hub fund - 330,206 - 330,206
114,456 254,787 56,951 426,194
TOTAL FUNDS 1,166,291 284,380 - 1,450,671

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,228,764 (1,199,171 ) 29,593

Restricted funds
Transform 93,447 (178,405 ) (84,958 )
Vineyard 11,800 (22,319 ) (10,519 )
Compassion 248 (636 ) (388 )
India 27,803 (7,357 ) 20,446
Community Hub fund 372,861 (42,655 ) 330,206
506,159 (251,372 ) 254,787
TOTAL FUNDS 1,734,923 (1,450,543 ) 284,380


CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


22. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1/9/21 in funds funds 31/8/22
£    £    £    £   
Unrestricted funds
General fund 973,666 225,982 (147,813 ) 1,051,835

Restricted funds
Transform 76,835 (119,103 ) 147,266 104,998
Vineyard 7,501 1,331 - 8,832
Bike Grant 626 - - 626
Compassion - (547 ) 547 -
84,962 (118,319 ) 147,813 114,456
TOTAL FUNDS 1,058,628 107,663 - 1,166,291

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,409,790 (1,183,808 ) 225,982

Restricted funds
Transform 98,724 (217,827 ) (119,103 )
Vineyard 15,670 (14,339 ) 1,331
Compassion 89 (636 ) (547 )
Ukraine 11,205 (11,205 ) -
Church planting fund 39,528 (39,528 ) -
165,216 (283,535 ) (118,319 )
TOTAL FUNDS 1,575,006 (1,467,343 ) 107,663

CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


22. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1/9/21 in funds funds 31/8/23
£    £    £    £   
Unrestricted funds
General fund 973,666 255,575 (204,764 ) 1,024,477

Restricted funds
Transform 76,835 (204,061 ) 218,561 91,335
Vineyard 7,501 (9,188 ) 1,704 17
Bike Grant 626 - - 626
Compassion - (935 ) 935 -
India - 20,446 (16,436 ) 4,010
Community Hub fund - 330,206 - 330,206
84,962 136,468 204,764 426,194
TOTAL FUNDS 1,058,628 392,043 - 1,450,671

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 2,638,554 (2,382,979 ) 255,575

Restricted funds
Transform 192,171 (396,232 ) (204,061 )
Vineyard 27,470 (36,658 ) (9,188 )
Compassion 337 (1,272 ) (935 )
Ukraine 11,205 (11,205 ) -
Church planting fund 39,528 (39,528 ) -
India 27,803 (7,357 ) 20,446
Community Hub fund 372,861 (42,655 ) 330,206
671,375 (534,907 ) 136,468
TOTAL FUNDS 3,309,929 (2,917,886 ) 392,043

Restricted funds

Transform - social transformation work focusing on responding to Covid19 pandemic through the provision of food parcel deliveries across all the charity's sites.
Vineyard - to support church leaders within the UK Vineyard movement across Scotland.
Church planting - To support the setup of new Vineyard churches in geographical areas outwith Aberdeen.
Community Hub Fund - this was set up to purchase and refurbish buildings in the communities where our churches are based. (Our previous model was to rent schools, community buildings or church halls and we are now moving to a model where we own buildings in each of our locations so that we have more control over access for our community activities.)
Compassion - This is a sponsorship fund for a girl in Kenya. We have been sponsoring her for 15 years. She will turn 21 this year and at that point the sponsorship will end
Bike - This was a small fund set up to provide bike lights, helmets etc for people to use bikes to get to church activities
India - This fund supports the work of Vineyard in India. We received contributions from various Vineyard churches in the UK and then channel the funds to support various needs in India. It is currently in the process of being wound up.
Ukraine - This was a fund set up to support relief for people affected by the war in Ukraine

CATALYST VINEYARD CHURCH

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


23. EMPLOYEE BENEFIT OBLIGATIONS

The Charity operated a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £107,072 (2022: £102,116).

There are no outstanding or prepaid contributions at the balance sheet date.

24. RELATED PARTY DISCLOSURES

Remuneration of key management personnel
The remuneration of key management personnel is as follows:
20232022
£   £   
Aggregate compensation66,39966,754

The wife of a trustee received a salary of £48,921 (2022 £47,630) and pension contributions of £7,071 (2022: £6,799) for provision of services to the Church. Travel and subsistence costs amounting to £2,037 were paid to one trustee and his wife in their role as employees during the year (2022: £1,292).

Trustees and connected persons made donations to the charity amounting to £172,718 (2022; £93,194).

The following amounts were outstanding at the reporting end date:




Amounts
owed by
related
parties



Amounts
owed by
related
parties
20232022
££
Catalyst Community Regeneration Company Limited158,66132,195
158,66132,195

Catalyst Community Regeneration Company Limited is a connected company who share the same directors. The outstanding balance at 31 August 2023 was an inter-company loan. The loan is secured against Laurencekirk Community Centre, 148-152 High Street, Laurencekirk, AB30 1BL and an agreement is in place dated 20 June 2022 for a loan not exceeding £175,000. No interest is chargeable on the loan, and there are no set repayments terms.