Company Registration Number: NI654056 |
Charity Number: NIC107849 |
(A company limited by guarantee, not having a share capital) |
for the financial year ended |
Antrim Coast Vineyard Church |
(A company limited by guarantee, not having a share capital) |
REFERENCE AND ADMINISTRATIVE INFORMATION |
Directors | |
Charity Number in Northern Ireland | |
Company Registration Number | |
Registered Office | |
Northern Ireland | |
Independent Examiner | |
14 Longstone Street | |
Lisburn | |
Co Antrim | |
BT28 1TP | |
Northern Ireland |
Antrim Coast Vineyard Church |
(A company limited by guarantee, not having a share capital) |
DIRECTORS' ANNUAL REPORT |
for the financial year ended 31 August 2024 |
The directors present their Directors' Annual Report, combining the Directors' Report and Trustees' Report, and the unaudited financial statements for the financial year ended 31 August 2024. |
The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Directors' Report contains the information required to be provided in the Directors' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The directors of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the directors of Antrim Coast Vineyard Church present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 August 2024. |
The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements. |
Mission, Objectives and Strategy |
Objectives |
The objectives of Antrim Coast Vineyard Church are to seek and advance the Kingdom of God in Larne Town, Antrim Coast, and the surrounding area by furthering the gospel of Jesus Christ, building up the faith of Christian believers, sharing in the training of Christian workers, promoting Christian education and bring relief to the poor, the needy and the sick. |
During the year, the church has fulfilled these objectives as set out below. |
Strategy |
Connected Charities During this period, we supported the work of four charities listed below by way of Financial or Giving support. The following represent our commitment and support to Charities at a Local, National, and international level. 1. Larne Food Bank (Trussell Trust) (Local) Below is a brief outline of their mission: - To end hunger and Poverty in the UK Bringing communities together to end hunger and poverty in the UK by providing compassionate, practical help with dignity whilst challenging injustice. 2. YMCA Larne (Local) Below is a brief outline of their mission:- Our YMCA vision is a world where every person lives in harmony with self, with society and with creation. Our YMCA mission is to empower young people and communities worldwide to build a just, sustainable, equitable and inclusive world, where every person can thrive in body, mind and spirit. 3. Stand by Me (International) Below is a brief outline of their Vision: - Through our childrens homes, schools, and care centres, we aim to meet the individual needs of children who are orphaned, abandoned, abused and victims of war or disease or are living in extreme poverty. We aim to make lasting improvements to childrens lives, caring for them as Jesus would, by restoring their dignity and giving them a sense of self-worth. We want every child entrusted to us to feel loved and to reach their full potential. 4. Vineyard Churches UK & Ireland (VCUKI) (National) VCUKI exists to connect churches that hold common values and practices. It gives spiritual oversight to the senor pastors of Vineyard Churches and facilitates church planting such as Antrim Coast Vineyard. Vineyard use the name Vineyard by agreement. |
Governing Document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Antrim Coast Vineyard Church is a registered charity, charity number NI654056 duly constituted by means of its Memorandum and Articles of Association and operating as a church. The Church is also registered with the Charity Commission for Northern Ireland, Charity number 107849. |
Organisational Structure |
Antrim Coast Vineyard Church is a company limited by guarantee (company number NI654056) in which the company directors also form the board of Trustees. The liability of each Trustee in the event of a winding up is limited to £1. The Church is associated to Vineyard Churches UK. The association provides pastoral care for the Senior Pastors and family and an external reference concerning church affairs and doctrine. The day to day running of the church is by the Senior Pastors, Andrew Howard, and Andrea Howard, alongside a leadership team. |
Induction and training of new trustees |
New Trustees are appointed when appropriate. Suitable candidates, who are generally selected from within the membership of Antrim Coast Vineyard, are considered on basis of their skills, experience, and sympathy with the aims of the church. New Trustees have the opportunity of reviewing appropriate documents, including the accounts, as part of the induction process. |
Review of Activities, Achievements and Performance |
Performance against objectives. The level of performance against objectives is, in the main, a reflection of the activity of the Church members of Antrim Coast Vineyard Church who volunteer their time, energy and money freely because of faith. The leadership and organisation of this activity is the primary responsibility of the senior pastors and a leadership team in support of the senior pastors. Furthering the Gospel of Jesus Christ and Advancing the Kingdom of God. Antrim Coast Vineyard Church aims to advance the Kingdom of God throughout the town of Larne, Antrim coast and surrounding areas, across the whole country and the island of Ireland. Our Church has actively worked in our local communities to be a blessing in practical and relational ways. The Church welcomes those of all or no faiths and from every background and community who wish to visit during our Church gatherings. Sunday gatherings were held at Unit 1D, Ledcom Industrial Estate, 100 Bank Road, Larne BT40 3AW until 30th June 2024. To promote community engagement and bring the Gospel of Jesus Christ and Advance the Kingdom of God we have run the following numerous events in addition to regular Sunday gatherings. 2023 Weekly Sunday Gatherings from Sunday 3rd September Sunday 10th December Light Kids Program meeting weekly on Sundays from 3rd September Refresh Hygiene Store open 2x per week from week beginning 4th September week beginning 18th December Coast Women Gather & Graze Friday 8th September 6 different Coast Groups (small groups) ran weekly from week beginning 11th September week beginning 4th December Coast Men & Lads Football Match and Food Friday 15th September Search Lights Youth Program meeting 2 x Sundays per month from 24th September Sunday Together all-age Gathering Sunday 1st October School Blessing Project through October 2023 Refresh Hygiene Store host Scouts evening Friday 6th October Birthday Celebration Gathering Sunday 8th October Half- Term Family Brunch Sunday 5th November Inter-Denominational Healing Service Sunday 19th November Coast Women half-day Retreat Saturday 25th November Coast Women Christmas Gather & Graze Friday 8th December Coast Men Christmas Cinema Trip Saturday 9th December Light Kids Christmas Nativity Sunday 10th December Christmas Coffee and Carols Sunday 17th December Light Kids Christmas Party Sunday 17th December Christmas Breakfast Bundles Packing & Delivering Sunday 24th December Online New Years Eve Carol Service Sunday 31st December 2024 New Year Worship Night Thursday 4th January Weekly Sunday Gatherings from Sunday 7th January Sunday 30th June Light Kids Program meeting weekly on Sundays from 7th January Refresh Hygiene Store open 2x per week from week beginning 8th January week beginning 24th June Search Lights Youth Program meeting 2 x Sundays per month from 14th January 5 different Coast Groups (small groups) ran fortnightly from week beginning 22nd January week beginning 11th March Sunday Together all-age Gathering Sunday 11th February Light Kids Coast Girls Evening Friday 16th February Celebrating Women Gathering Sunday 10th March Palm Sunday Gathering Sunday 24th March Good Friday Worship and Prayer Friday 29th March Coast Women half-day Retreat Saturday 30th March Easter Sunday Celebration Sunday 31st March Easter Brunch and Activities Sunday 7th April 5 different Coast Groups (small groups) ran fortnightly from week beginning 17th April week beginning 27th May Baptism Celebrations at Older fleet Rowing Club Sunday 19th May Refresh Hygiene Store Asda Day Saturday 25th May ACV Special Family Gathering Sunday 26th May June Prayer Gatherings Tuesday 4th and 18th June Coast Women Gather & Graze Friday 7th June Coast Men Noodle Night Friday 14th June Fathers of All Kinds Celebration Sunday 16th June Worship Song writing Day Saturday 22nd June Celebration Sunday at Ledcom Sunday 30th June Search Lights at Summer Madness Sunday 30th June July Prayer Gatherings Tuesday 2nd and 16th July July Family Summer Walk in Glenarm Sunday 7th July July Summer Gathering in Glenarm Sunday 14th July Refresh Hygiene Store open 18th and 25th July July Summer Gathering in Larne Sunday 21st July July Summer Gathering in Whitehead Sunday 28th July Refresh Hygiene Store open x 4 Thursday from 1st August Coast Women Summer Read Friday 2nd August August Summer Gathering in Larne Sunday 4th August August Prayer Meetings Tuesday 6th and 20th August Summer BBQ Islandmagee Sunday 11th August August Summer Gathering Glenarm Sunday 18th August |
An overview of our community activities and special events can be found on https://antrimcoastvineyard.org https://www.facebook.com/antrimcoastvineyard https://www.instagram.com/antrimcoastvineyard Building up the Faith of Christian Believers, Training, and education. Attendance at Church gatherings and life groups remained steady throughout this period. Relieving the Poor, those in need and the sick. Antrim Coast Vineyard Church actively seeks ways to bless and practically serve our community, especially the poor, those in need, young and old, including those who are outside our church community. Examples of this are as follows:- Sparrow Centre (Antrim Coast Vineyard) In 23/24 the Church has continued to provide Refresh, a hygiene store where the community can visit to avail of free personal care and hygiene items at Unit 2, LEDCOM industrial estate Larne. Refresh our hygiene store in The Sparrow Centre is stocked with a wide selection of basic toiletries and laundry products. We believe everyone within our local community has the right to feel clean, and with an emphasis on dignity, Refresh also provides other items (such as haircare, skincare, and makeup products). Refresh is stocked by local donations, from community, friends, and supporters people who are passionate about working together to provide accessible spaces of dignity and hope. Affording dignity means our service is on a non-referral basis, though referrals from community partners are welcome. Individuals & families are invited to pick up essential items they need, free of charge, no referral necessary. In 2023 we created a Visitor Agreement which included up to two monthly visits per household with a maximum of 20 items per visit. We work with Larne Foodbank, Home Start, Baby Bank, Sure Start, Larne Community Fridge, In-kind Direct and other organisations. Currently we open twice per week, staffed by a team of volunteers from our Church community. OBJECTIVES AND ACTIVITIES Community Engagement and Support Sparrow Centre (Antrim Coast Vineyard) As above, the Church has identified a need for providing free personal care and hygiene items to the local community and opened additional premises in October 2022 for the purpose of providing these services. Foodbank In partnership, Antrim Coast Vineyard Church have supported the Larne Food Bank (Trussell Trust) by providing financial donations and essential foodstuffs and other necessary items. We have been informally approached by the Foodbank as of August 2024 to consider partnership for their Christmas Hamper Appeal. A meeting is to be arranged in the autumn time TBC. Larne Community Cluster Group Antrim Coast Vineyard through The Sparrow Centre has joined The Larne Community Cluster Group. This is MEA Councils Community Development initiative, which promotes collaboration across community groups to deliver benefits, not only for the participating groups, but also for the wider community. The overarching aim of Councils strategic approach to community development is that The MEA Council area is recognised as a place where the community and partner organisations work together cohesively and effectively to improve the quality of life of residents. Through The partnership collaboration of the group, The Sparrow Centre is working together with others to improve the quality of life for the local Larne and Antrim Coast area. Summary It should be noted the above is not a complete list of activities. However, they demonstrate Antrim Coast Vineyard Church is continuing to fulfil its obligations and achieve its objectives. |
Financial Review |
The results for the financial year are set out on page 12 and additional notes are provided showing income and expenditure in greater detail. Employment The Charity currently employs Senior Pastor Andrea Howard on a part time basis, 10 hours per week. Investment Policy The constitution of Antrim Coast Vineyard Church authorises the Trustees to make and hold investments using its funds. Cash balances are currently held with the HSBC Bank. Reserves Policy The Trustees who served in this period have undertaken the work of the charity, identified the major risks to which the charity is exposed and are satisfied that all appropriate policies are in place to mitigate these risks. Antrim Coast Vineyard maintains reserves in order to cover fluctuations in income and expenditure, and to allow for any major unexpected expenditure, or to mitigate any decline in the overall financial environment. New Building With the increasing need for further Church space and capacity, the Trustees and supporting volunteers identified a larger suitable space at the YMCA building, Pound Street Larne. The wider Church family were also invited to visit the new space, and the feedback received was positive. Subsequently, it was agreed that the new building met the needs of the Church, and the YMCA was approved as being the new location for Antrim Coast Vineyard Church gatherings, effective from 1st September 2024. From a financial point of view, the rental costs of the new building will also provide a significant financial savings to the Church. Community Grant During March 2024, the National Lottery Community fund donated £20,000 to Antrim Coast Vineyard Church in support of the running costs of the Compassion Refresh project at the Sparrow Centre, Unit 2, LEDCOM Industrial estate, Larne. These funds are restricted to the said project and are valid for a period of 2 years. CARRYING ON OUR WORK The Senior Pastors, volunteer team of Antrim Coast Vineyard Church will continue to build on the work that is already happening in the church in order to follow God, to form an authentic community of believers and fulfil the Kingdom ministries left to us. We desire to intentionally see lives transformed by Jesus starting with our own. We will continue to grow our outreach projects, working with the poor in Larne, Antrim coast and surrounding areas, both practically and relationally and we will continue to serve our community as a whole. We will continue to support our connected charities locally, nationally, and internationally by way of ongoing financial and giving support. We will continue to operate as a Come as You Are church and always seek to make room for another. |
Financial Results |
At the end of the financial year the charity has assets of £75,483 (2023 - £59,468) and liabilities of £0.00 (2023 - £0.00). The net assets of the charity have increased by £16,015. |
Directors |
The directors who served throughout the financial year, except as noted, were as follows: |
Mark Robert Brown |
Paul Richard Daniels |
Jonathan Michael McCabe |
Andrea Howard (Resigned 30 June 2024) |
In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election. |
Compliance with Sector-Wide Legislation and Standards |
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Antrim Coast Vineyard Church subscribes to and is compliant with the following: |
■ | The Companies Act 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | The Charities SORP (FRS 102) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk Management |
The systems of internal control are designated to provide reasonable, but not absolute, assurance against material misstatement or loss. They include: An annual budget approved by the Trustees. Regular review by the Trustees of financial reports Identification and management of risk |
Approved by the Board of Directors on |
________________________________ | ________________________________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trustee | Trustee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Antrim Coast Vineyard Church |
(A company limited by guarantee, not having a share capital) |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
for the financial year ended 31 August 2024 |
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for that period. In preparing these financial statements, the directors are required to: |
■ | select suitable accounting policies and apply them consistently; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | make judgements and estimates that are reasonable and prudent; | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | state whether the financial statements have been prepared in accordance with the relevant financial reporting framework, identify those standards, and note the effect and the reasons for any material departure from those standards; and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The directors confirm that they have complied with the above requirements in preparing the financial statements. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
Approved by the Board of Directors on 4 April 2025 and signed on its behalf by: |
________________________________ | ________________________________ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trustee | Trustee | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Antrim Coast Vineyard Church |
(A company limited by guarantee, not having a share capital) |
INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF DIRECTORS OF ANTRIM COAST VINEYARD CHURCH |
We have examined the financial statements of the charity for the financial year ended 31 August 2024, which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. |
Respective responsibilities of directors and examiner |
The charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. The charity's directors consider that an audit is not required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. |
It is our responsibility to: |
■ | examine the financial statements under section 65 of the Charities Act; | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | follow the procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | state whether particular matters have come to our attention. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of independent examiner's report |
We have examined your charity financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below. |
In connection with our examination, no matter has come to our attention which gives us cause to believe that in, any material respect: |
■ | accounting records were not kept in accordance with section 386 of the Companies Act 2006 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | the financial statements do not accord with those accounting records | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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 (FRS102) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
■ | there is further information needed for a proper understanding of the accounts to be reached. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Independent examiner's statement |
We 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 financial statements to be reached. |
__________________________________ |
John McCleary FCA |
MCCLEARY & COMPANY LTD |
Garvey Studios |
14 Longstone Street |
Lisburn |
Co Antrim |
BT28 1TP |
Northern Ireland |
Date: |
Antrim Coast Vineyard Church |
(A company limited by guarantee, not having a share capital) |
STATEMENT OF FINANCIAL ACTIVITIES |
(Incorporating an Income and Expenditure Account) |
for the financial year ended 31 August 2024 |
Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds | Funds | Funds | Funds | Funds | Funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 2024 | 2024 | 2023 | 2023 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | £ | £ | £ | £ | £ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income |
Donations and legacies | 3.1 | 45,732 | 22,207 | 67,939 | 36,161 | 3,811 | 39,972 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenditure |
Charitable activities | 4.1 | 44,172 | 7,752 | 51,924 | 41,953 | 8,167 | 50,120 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net income/(expenditure) | 1,560 | 14,455 | 16,015 | (5,792) | (4,356) | (10,148) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Transfers between funds | - | - | - | (4,356) | 4,356 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net movement in funds for the financial year | 1,560 | 14,455 | ( |
- | (10,148) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reconciliation of funds: |
Total funds beginning of the year | 9 | 59,468 | - | 59,468 | 69,616 | - | 69,616 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ───────── | ───────── | ───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total funds at the end of the year | 61,028 | 14,455 | 75,483 | 59,468 | - | 59,468 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Statement of Financial Activities includes all gains and losses recognised in the financial year. |
All income and expenditure relate to continuing activities. |
Antrim Coast Vineyard Church |
(A company limited by guarantee, not having a share capital) |
Company Number: NI654056 |
BALANCE SHEET |
as at |
2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Notes | £ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Current Assets |
Cash at bank and in hand | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Current Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total Assets less Current Liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Funds |
Restricted funds | 14,455 | - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
General fund (unrestricted) | 61,028 | 59,468 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total funds | 9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Approved by the Board of Directors and authorised for issue on |
________________________________ | ________________________________ | ||||
Trustee | Trustee |
Antrim Coast Vineyard Church |
(A company limited by guarantee, not having a share capital) |
NOTES TO THE FINANCIAL STATEMENTS |
for the financial year ended 31 August 2024 |
1. | GENERAL INFORMATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Antrim Coast Vineyard Church is a company limited by guarantee incorporated in Northern Ireland. The registered office of the charity is 61 Clover Brook, Larne, Co Antrim, BT40 2UP, Northern Ireland which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity. |
2. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charitys financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of preparation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Statement of compliance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash flow statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The charity has availed of the exemption in FRS 102 from the requirement to produce a cash flow statement because it is classified as a small charity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fund accounting | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The following are the categories of funds maintained: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrestricted funds | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unrestricted funds consist of General funds. ■ General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity. |
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Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income from charitable activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors. Grants from governments and other co-funders typically include one of the following types of conditions: ■ Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as income. ■Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement. In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement. Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier. |
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Expenditure | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash at bank and in hand | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Taxation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred. |
3. | INCOME | ||||
3.1 | DONATIONS AND LEGACIES | Unrestricted | Restricted | 2024 | 2023 |
Funds | Funds | ||||
£ | £ | £ | £ |
Donations | 32,360 | 2,207 | 34,567 | 29,431 | |
Gift aid | 7,248 | - | 7,248 | 7,079 | |
Grant income | - | 20,000 | 20,000 | - | |
Other income | 963 | - | 963 | 1,189 | |
Occasional giving | 5,161 | - | 5,161 | 2,273 | |
───────── | ───────── | ───────── | ───────── | ||
45,732 | 22,207 | 67,939 | 39,972 | ||
═════════ | ═════════ | ═════════ | ═════════ |
4. | EXPENDITURE |
4.1 | CHARITABLE ACTIVITIES | Direct | Other | Support | 2024 | 2023 |
Costs | Costs | Costs | ||||
£ | £ | £ | £ | £ | ||
Expenditure on charitable activites | 37,676 | 566 | 13,682 | 51,924 | 50,120 | |
═════════ | ═════════ | ═════════ | ═════════ | ═════════ |
4.2 | SUPPORT COSTS | Charitable | 2024 | 2023 |
Activities | ||||
£ | £ | £ | ||
Professional fees | 1,504 | 1,504 | 1,316 | |
Printing and Production | 353 | 353 | 425 | |
Accountancy fees | 1,320 | 1,320 | 1,284 | |
Insurance | 552 | 552 | 471 | |
Travel costs | - | - | 45 | |
Trustees' salaries | 9,318 | 9,318 | 10,932 | |
Office expenses | 635 | 635 | 613 | |
───────── | ───────── | ───────── | ||
13,682 | 13,682 | 15,086 | ||
═════════ | ═════════ | ═════════ |
5. | ANALYSIS OF SUPPORT COSTS | |||
Basis of | 2024 | 2023 | ||
Apportionment | £ | £ | ||
Professional fees | 100% | 1,504 | 1,316 | |
Printing and Production | 100% | 353 | 425 | |
Accountancy fees | 100% | 1,320 | 1,284 | |
Insurance | 100% | 552 | 471 | |
Travel costs | 100% | - | 45 | |
Trustees' salaries | 100% | 9,318 | 10,932 | |
Office expenses | 100% | 635 | 613 | |
───────── | ───────── | |||
13,682 | 15,086 | |||
═════════ | ═════════ |
6. | NET INCOME | 2024 | 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
£ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Income is stated after charging/(crediting): | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Independent Examiner's remuneration: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- independent examination services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ |
7. | EMPLOYEES AND REMUNERATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of employees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The average number of persons employed (including executive directors) during the financial year was as follows: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2024 | 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number | Number | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Administration | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The staff costs comprise: | 2024 | 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
£ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Wages and salaries | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No employees received emoluments in excess of £60,000. |
8. | RESERVES | ||
2024 | 2023 | ||
£ | £ | ||
At the beginning of the year | 59,468 | 69,616 | |
Surplus/(Deficit) for the financial year | 16,015 | (10,148) | |
───────── | ───────── | ||
At the end of the year | 75,483 | 59,468 | |
═════════ | ═════════ |
9. | FUNDS | |||
9.1 | RECONCILIATION OF MOVEMENT IN FUNDS | Unrestricted | Restricted | Total |
Funds | Funds | Funds | ||
£ | £ | £ | ||
At 1 September 2022 | 69,616 | - | 69,616 | |
Movement during the financial year | (10,148) | - | (10,148) | |
───────── | ───────── | ───────── | ||
At 31 August 2023 | 59,468 | - | 59,468 | |
Movement during the financial year | 1,560 | 14,455 | 16,015 | |
───────── | ───────── | ───────── | ||
At 31 August 2024 | 61,028 | 14,455 | 75,483 | |
═════════ | ═════════ | ═════════ |
9.2 | ANALYSIS OF MOVEMENTS ON FUNDS | |||||
Balance | Income | Expenditure | Transfers | Balance | ||
1 September | between | 31 August | ||||
2023 | funds | 2024 | ||||
£ | £ | £ | £ | £ | ||
Restricted funds | ||||||
Compassion Sparrow Centre | - | 22,207 | 7,752 | - | 14,455 | |
Unrestricted funds | ||||||
Unrestricted General | 59,468 | 45,732 | 44,172 | - | 61,028 | |
───────── | ───────── | ───────── | ───────── | ───────── | ||
Total funds | 59,468 | 67,939 | 51,924 | - | 75,483 | |
═════════ | ═════════ | ═════════ | ═════════ | ═════════ |
9.3 | ANALYSIS OF NET ASSETS BY FUND | ||
Current | Total | ||
assets | |||
£ | £ | ||
Restricted funds | 14,454 | 14,454 | |
───────── | ───────── | ||
Unrestricted general funds | 61,029 | 61,029 | |
───────── | ───────── | ||
75,483 | 75,483 | ||
═════════ | ═════════ |
10. | STATUS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The charity is a company limited by guarantee not having a share capital. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The liability of the members is limited. Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1. |
11. | DIRECTORS' REMUNERATION | 2024 | 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
£ | £ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fees | 566 | 385 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remuneration | 9,318 | 10,932 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
───────── | ───────── | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
9,884 | 11,317 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
═════════ | ═════════ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trustees' remuneration relates to payment in relation to work carried out as an employee rather than payment for services as a Trustee. |
12. | POST-BALANCE SHEET EVENTS | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||