REGISTERED COMPANY NUMBER: 08428264 (England and Wales)

REGISTERED CHARITY NUMBER: 1151817

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

POIKILOS

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

14

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 March 2026. 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

Objectives and aims

The charity's objects are for the public benefit and are restricted to the following:

a) To advance the Christian faith in accordance with the statement of beliefs in the schedule to the articles including but not by way of limitation through the planting of other Vineyard Churches in such ways and in such parts of Bishop's Stortford, the United Kingdom or the world as the Trustees from time to time may think fit;

b) To further Christian education in such parts of Bishop's Stortford, the United Kingdom and the world as the Trustees may from time to time think fit;

c) To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling, training in life skills and support in such parts of Bishop's Stortford, the United Kingdom or the world as the Trustees from time to time may think fit;

d) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.

Public benefit

In planning the activities the Directors have had regard to the guidance on public benefit issued by the Charity Commission.

Vision & Mission Statements

Our Vision is to be a community that lives out the message of Jesus and the Bible in such a way that all may grow to experience the love of God. Our Mission is to make Jesus known to those we encounter and equip them to follow Him.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year the Senior Pastors took the decision to move into semi-retirement and at the end of November 2025 the church went through a transition and ceased meeting on Sundays. The Vineyard license was handed back to VCUKI and the charity name has been changed to "Poikilos", coming from ancient Greek meaning diverse, manifold, multi-faceted.

During the time that the church had been meeting at Chateau Café, the talks were posted online. This proved to be a practical way to support our congregation given the challenges of their everyday commitments. Over a period of approximately two years, the listenership increased with regular downloads from people who were not members of the congregation. After stopping Sunday meetings, and because of the popularity of the talks, we have continued with this as our primary outreach. The number of listeners has continued to grow over the months with many new listeners from around the globe listening regularly. We have listeners from all five continents as well as many from countries that are traditionally closed to the Gospel. Over the coming year, it is our intention to improve and expand the reach of the talks. We understand this as a means to follow the mandate in Scripture found in Matthew 28:19 "Therefore go and make disciples of all nations...." and in Acts 1:8 "But you will receive power when the Holy Spirit comes on you; and you will be my witnesses in Jerusalem, and in all Judea and Samaria, and to the ends of the earth."

Spiritual direction also forms part of our outreach. This contemplative practice helps individuals recognize and respond to the presence of God in their everyday lives. This involves regular meetings in one-on-one sessions with a person of our team. This is a developing aspect of our ministry.

FINANCIAL REVIEW

Financial position

Net expenditure (deficit) for the year was £32,070 (2024/25: £28,016). The majority of BSV's income comprised regular donations from BSV's congregation via standing order or direct salary giving, together with gift aid received in relation to those donations. Given the current transition regular giving has dropped as has most expenidture. Total income for the year was £54,922 (2024/25: £99,438).

Total expenditure for 2025/26 was £86,992 (2024/25: £127,454).

Reserves policy

The Trustees' Policy on Reserves and Investments is to minimise the level of reserves held in order to make maximum use of available funds to further the aims of the charity and to use low risk investment, which maintains ready access to the reserves. The Trustees have the powers to invest funds as they see fit.

The Trustees consider that the free reserves are equivalent to the net current assets of Unrestricted Funds. This excludes fixed assets, which are needed for the continuing use of the charity and are generally illiquid. They consider that the free reserves should be broadly equivalent to three months' budgeted operating expenditure, which is approximately £24,000 for 2025/26. At 31 March 2026, after accounting for the net expenditure incurred in the year, free reserves were £63,747.

These reserves will continue to be utilised during this transitional period.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Decision making

The Board of Trustees ("Trustees") meets at least four times each year, with further meetings as required. The induction process for any newly appointed Trustee comprises an initial meeting with the Chairman where the powers and responsibilities of the Trustees are explained. They are also provided with a copy of the Vineyard Trustee manual.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08428264 (England and Wales)

Registered Charity number

1151817

Registered office

8 Franklin Drive

Elsenham

Bishop's Stortford

Hertfordshire

CM22 6UG

Trustees

R Harrap

C Goddard

Mrs G Goddard

Dr S Walton

J Yona

Independent Examiner

Mr Christopher Marsh FMAAT

Marsh Solutions Limited

82 Berechurch Hall Road

Colchester

Essex

CO2 8RF

Approved by order of the board of trustees on 13 May 2026 and signed on its behalf by:

R Harrap - Trustee

Independent examiner's report to the trustees of Poikilos ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mr Christopher Marsh FMAAT

The Association of Accounting Technicians

Marsh Solutions Limited

82 Berechurch Hall Road

Colchester

Essex

CO2 8RF

14 May 2026

31.3.26

31.3.25

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

52,811

95,667

Investment income

3

2,111

3,771

Total

54,922

99,438

EXPENDITURE ON

Charitable activities

4

Church Activities

86,992

127,454

NET INCOME/(EXPENDITURE)

(32,070

)

(28,016

)

RECONCILIATION OF FUNDS

Total funds brought forward

95,817

123,833

TOTAL FUNDS CARRIED FORWARD

63,747

95,817

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing and revised activates

31.3.26

31.3.25

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

11

-

406

CURRENT ASSETS

Debtors

12

3,865

14,494

Cash at bank

62,327

90,274

66,192

104,768

CREDITORS

Amounts falling due within one year

13

(2,445

)

(9,357

)

NET CURRENT ASSETS

63,747

95,411

TOTAL ASSETS LESS CURRENT LIABILITIES

63,747

95,817

NET ASSETS

63,747

95,817

FUNDS

14

Unrestricted funds

63,747

95,817

TOTAL FUNDS

63,747

95,817

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 13 May 2026 and were signed on its behalf by:

R Harrap - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements and assessment of going concern

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 trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

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

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations.

Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

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 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.

2.	DONATIONS AND LEGACIES

31.3.26

31.3.25

£

£

Donations

45,035

78,232

Gift aid

7,776

17,435

52,811

95,667

3.	INVESTMENT INCOME

31.3.26

31.3.25

£

£

Deposit account interest

2,111

3,771

4.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

Support

Direct

(see note

costs (see

Costs

5)

note 6)

Totals

£

£

£

£

Church Activities

81,040

3,406

2,546

86,992

5.	GRANTS PAYABLE

31.3.26

31.3.25

£

£

Church Activities

3,406

10,050

The total grants paid to institutions during the year was as follows:

31.3.26

31.3.25

£

£

Christians Against Poverty

672

1,008

Vineyard Churches UK & Ireland

3,500

6,000

Grand Union Vineyard Church

-

2,000

Churches Together in Bishops Stortford

130

-

Evangelical Alliance

-

80

God Central Church

-

2,000

Word and Worship

1,207

-

Houses of Faith

2,400

-

Accrued - to be distributed in the following year

(4,503

)

(1,144

)

3,406

9,944

Giving is accrued at 10% of income received.

6.	SUPPORT COSTS

Governance

Finance

costs

Totals

£

£

£

Church Activities

89

2,457

2,546

7.	NET INCOME/(EXPENDITURE)

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

31.3.26

31.3.25

£

£

Depreciation - owned assets

406

406

Independent Examination

1,525

1,525

8.	TRUSTEES' REMUNERATION AND BENEFITS

Chris Goddard, a trustee, received a salary of £41,310 (2024: £44,400) and employers pension contributions of £1,052 (2025: £1,145).

Gail Goddard, a trustee, also received a salary of £22,950 (2024: £44,400) and employers pension contributions of £501 (2025: £1,145).

Both Chris and Gail were paid for their roles as pastors, not trustees, as permitted by the governing document.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

9.	STAFF COSTS

31.3.26

31.3.25

£

£

Wages and salaries

64,262

88,800

Social security costs

-

4,744

Other pension costs

1,553

2,290

65,815

95,834

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

31.3.26

31.3.25

All staff

2

2

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

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

95,667

Investment income

3,771

Total

99,438

EXPENDITURE ON

Charitable activities

Church Activities

127,454

NET INCOME/(EXPENDITURE)

(28,016

)

RECONCILIATION OF FUNDS

Total funds brought forward

123,833

TOTAL FUNDS CARRIED FORWARD

95,817

11.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2025 and 31 March 2026

1,624

DEPRECIATION

At 1 April 2025

1,218

Charge for year

406

At 31 March 2026

1,624

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

406

12.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

3,865

14,494

13.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Social security and other taxes

346

1,874

Other creditors

324

5,683

Accrued expenses

1,775

1,800

2,445

9,357

14.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.25

in funds

31.3.26

£

£

£

Unrestricted funds

General fund

95,817

(32,070

)

63,747

TOTAL FUNDS

95,817

(32,070

)

63,747

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

54,922

(86,992

)

(32,070

)

TOTAL FUNDS

54,922

(86,992

)

(32,070

)

Comparatives for movement in funds

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

123,833

(28,016

)

95,817

TOTAL FUNDS

123,833

(28,016

)

95,817

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

99,438

(127,454

)

(28,016

)

TOTAL FUNDS

99,438

(127,454

)

(28,016

)

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

Net

movement

At

At 1.4.24

in funds

31.3.26

£

£

£

Unrestricted funds

General fund

123,833

(60,086

)

63,747

TOTAL FUNDS

123,833

(60,086

)

63,747

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

154,360

(214,446

)

(60,086

)

TOTAL FUNDS

154,360

(214,446

)

(60,086

)

15.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2026.