VINEYARD MUSIC (UK) LIMITED
Latest income
£424k
Latest spending
£243k
Registered
2001
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity held unrestricted free reserves of £713,552 at year-end, which exceeds the trustees' stated ideal target of £150,000. The trustees report a reasonable expectation of adequate resources for the next 12 months, with no material uncertainties identified regarding going concern.
What the accounts disclose
Reserves policy: £150,000 (held: £714k)
“The Trustees after due consideration consider that free reserves of £150,000 should ideally be available. This sum equates to 6 months’ worth of overhead expenses, the cost of two major recording projects and their marketing, and a general contingency.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Vineyard Churches UK & Ireland reimbursed expenses totalling £120 (2022 - £4,732) to Vineyard Music (UK) Limited. During the year the charity recharged expenses to and passed on income due to Vineyard Music (UK) Ltd totalling £4,296 (2022 - £11,878).
“Vineyard Churches UK & Ireland is a related party due to three of the five Trustees of Vineyard Music (UK) Limited also being a Trustee of Vineyard Churches UK & Ireland. Vineyard Churches UK & Ireland reimbursed expenses totalling £120 (2022 - £4,732) to Vineyard Music (UK) Limited. During the year the charity recharged expenses to and passed on income due to Vineyard Music (UK) Ltd totalling £4,296 (2022 - £11,878). At the year end the company owed Vineyard Churches UK & Ireland £NIL (2022 - £NIL).” — page 20
Per its FY2023 accounts as filed with the Charity Commission.
Trustees
- CLIVE SILLITOchair
- Audrenneive Alareen Farrell
- CHRISTOPHER WHITELOCK
- Kim Hurst
- Nicholl Elliott
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £424k | £243k |
| 31/12/2023 | £408k | £171k |
| 31/12/2022 | £434k | £268k |
| 31/12/2021 | £325k | £207k |
| 31/12/2020 | £282k | £187k |
Common questions
Is VINEYARD MUSIC (UK) LIMITED financially healthy?
The accounts state that the charity held unrestricted free reserves of £713,552 at year-end, which exceeds the trustees' stated ideal target of £150,000. The trustees report a reasonable expectation of adequate resources for the next 12 months, with no material uncertainties identified regarding going concern. Its FY2023 accounts were independently examined.