The trustees present their annual report and financial statements for the year ended 31 December 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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).
Causeway Coast Vineyard is a vibrant, pioneering, missional Christ-centred church in the north coast of Northern Ireland with the vision of, being a people and a place of PEACE who multiply disciples and extend God’s kingdom throughout the Causeway Coast and beyond.
We have around 600 adults and an additional 150 young people attending Sunday services, and a significant compassion ministry and a staff team (including Compassion department) of approximately 30 people. We are people who seek to bring life to every area of our community.
In January 2025 we welcomed our new Senior Pastor Laura Bell. Laura is an incredible apostolic and pioneering leader with a huge amount of church experience. Who will lead us forward into further embody our vision of being a people and a place of TRANSFORMATION.
Values:
We are a people of PRAYER because we believe that as we encounter God’s PRESENCE we are transformed and the place around us is changed.
We are rooted in and committed to our PLACE (Coleraine and the Causeway Coast) because all lasting transformation happens locally.
We work in PARTNERSHIP with other churches and civic leaders because no one transforms a local place on their own.
We disciple everyone to PARTICIPATE in God’s everyday mission by PLAYING our role as kingdom people in our everyday places and spaces.
We seek the PEACE of every person in our place through spiritual and social transformation.
We lean into the POSSIBILITY and POWER of the Kingdom in the Causeway Coast so we meet stubborn problems with new imagination embracing Holy Spirit Creativity
Causeway Coast Vineyard is a church affiliated to the Association of Vineyard Churches in the UK & Ireland (VCUKI). A worldwide network of over 2500 churches with 140 here in the UK and Ireland. We are a charismatic evangelical church who are in good relationship with the other churches in our town and members of the Evangelical Alliance.
In 2010 we bought a seven-acre site (part of an old timber yard) in the centre of Coleraine and in October 2012 moved into a purpose built 33,000 square foot church venue. We worship together on a Sunday through morning and evening services with around 700 people gathering on average each month as of November/December 2025.
Of course, what happens through Sunday and other weekly services is only a small part of how we seek to impact our community.
We’ve run a variety of connection events in the year starting with our wonderful church family event to commission Laura as our new senior Pastor on 12th January. We had many visitors and a wonderful lunch to celebrate. On Sunday 2nd March we had a church family Pancake party to connect together before the prayer and worship night. We also had the delight to celebrate all the mums on Mothers Day. June was busy with various connection events such as a celebration breakfast for our amazing Volunteers in volunteers week, Fathers Day, and being able to host our first Exodus Team Commissioning Service. We also had a group of people head to NUA Festival and had an amazing time there.
Over July and August we had a number of events lined up for the community ranging from sea swims, a men’s barbecue on the beach, a family picnic at Flowerfields, games nights and coffee and walk event. In August we had Love Coleraine with approximately 90 volunteers and around 60 kids ranging in age from 5 to 11 show up each day. We served our local schools through practical projects and on the Friday we hosted a community barbecue with everyone from the week, plus parents of the kids who came to the kids programme. Around 250 people from our local community came to this barbecue.
We have prioritised relationship building with a few local schools in close proximity to our premises. Our goal is to strengthen our partnership with these local schools through serving in morning assembly, after schools and Youth Alpha. We have been able to build relationship through our Love Coleraine school projects. Most of the regular opportunities in schools have been fulfilled by our Kids and Youth Pastors who’ve been able to run an Alpha in Ballymoney High led entirely by volunteers.
We regularly pray for and see healing and much of this happens on our streets on a Saturday morning, which we have been doing since 2005.
Our volunteers have really stepped in to serve our local community who have experienced real need in this season especially with the rising cost of living. We are delighted to see people give of their time to serve people with love and dignity.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. New trustees will receive appropriate induction and relevant training.
We have a risk management assurance framework in operation. This covers areas such as safeguarding processes for children and vulnerable adults, staff training and development, health and safety for staff and public around the site as well as HR, IT and financial risks (covered by our reserves policy). Two of our board members sit on a risk management sub-committee alongside the Operations Director. Risks are raised, discussed and measures put in place to mitigate the risk. Risk is a standing agenda item on our board meetings and the risk management assurance framework is reviewed formally at the board meeting every six months.
In 2025 we also set up a finance committee. Two of our board members sit on this committee alongside the Operations Director. The Finance Committee reviews financial performance based on the monthly management accounts, reviews the reserves position, assesses budget and cash‑flow position, considers financial risks, and makes recommendations to the Board where appropriate.
Both of these committees meet 5 times per year prior to each board meeting.
We are passionate about being a people and a place of TRANSFORMATION with the vision of seeing God's Kingdom advance through spiritual renewal, social justice and cultural transformation, impacting the Causeway Coast for generations to come.
During the calendar year Jan – Dec 25, we were encouraged as our adult attendances have increased by 15% however we’ve also been continuing to broadcast our services and launched a podcast so those who are unable to make it along can still access our services and teaching. Many newcomers to our in-person services will have tuned in online first.
Our Easter services on Good Friday and Easter Sunday morning including baptisms were incredible times where we had 10 people getting baptised and 8 people came to faith. We had over 1200 people across the building – 970 adults, 210 kids and youth, plus those in the family foyer and mum’s feeding room.
On Easter Monday over 300 gathered at Downhill Forest for our annual Easter Egg hunt. As we’ve continued to work with local schools we hosted a BBQ at Harpurs Hill School fete connecting and feeding around 400 people. In May we had our first family picnic after our morning service with amazing weather and an ice-cream van!
Our Under 18 ministries have gone from strength to strength as well. We have Sunday environments, mid-week groups, mums and toddlers care, and other community-based projects. We are currently reaching anywhere between 200 - 300 under 18s monthly within our gathered environments in the building and others that we can’t quantify outside of this within the community.
Over these last number of months, we've seen growth and health in the lives of our young people seeing many of them bringing friends along to church, stepping into leadership and service in various forms on Sunday evening with youth and mornings with our wider church family. It has been amazing to see them step out in worship, welcome, hospitality, hosting the service and some even speaking.
We have been so encouraged as some of our young people have started Bible studies in their schools independent of their existing school structures and without the support of teachers. We have seen two start up in in two different NRC's since September 25
In place of our regular rhythm of two residential trips in the Summer we focused our attention on 'Move' as it has met the specific needs of our group better - this year we had a group of 36 attend. In addition to this we started two Youth Weekend Away's based on upper and lower age ranges. We had 39 in one and 25 in another, we prioritised these for community building and being able to specifically speak to the needs of the ages groups and they were brilliant times away with many noting them as the most significant weekends of their year. We saw one girl come to faith at the younger weekend, one boy coming to faith at Move and many feeling specific calls to vocational ministry from 'Move' in the Summer.
We have relaunched our discipleship program this year with two young adults committing to the year, one serving in youth and one in compassion.
Within Kids this year we started a new Summer Week 'Beyond' where we had over 50 kids engage as part of the week, learning about the miracles of Jesus and how our God is immeasurably more than we can ask or imagine. We are hoping to see the numbers for this double next year.
In September, we started up our school assemblies and SU programs again, and are currently in 4 schools regularly to deliver programs, to approximately 200 kids and adults. We are exploring how to continue to build connections with schools in the area, which resulted in one new partnership with Ballysally Primary School, with the hopes of several more.
Our P6-P7 life group DEEP has been a source of great encouragement within Kids, regularly we have 16 9-11-year-olds engage with the Bible in a really tangible and meaningful way. It's a space for big questions, bible teaching, worship and prayer. There has been a real hunger to be in God's presence, and this has transferred into our Sunday morning environments with beautiful times of worship and encounter.
Our Sunday morning environments continue to grow from strength to strength, and we are seeing a slow but steady increase in the number of new families and kids engaging, as well as our church body stepping in to serve in kids' environments. On average over the whole year our total weekly average is 100 kids and our monthly average is between 150 - 200 kids.
Small Groups remained a key feature of discipleship at Causeway Coast Vineyard, continuing to run Small Groups until June 2025. Over the summer, Small Groups were rebranded as Life Groups, with three categories of group to reflect both the needs of the church and the ongoing desire for healthy discipleship. The new Life Groups were launched in September 2025, consisting of:
Connect Groups (places to gather, grow and go. Weekly gatherings to further study the Bible passage which was preached on the previous Sunday).
Community Groups (social spaces to aide a sense of belonging, a safe space to bring others, and to believe for others to come to faith).
Course Groups (intentional training to equip and empower the church, or explore topics in more detail, due to begin January 2026).
In 2025, we ran a total of 57 Small Groups/Life Groups with around 320 each term in a Small / Life Group.
Alongside this we continued to offer the following smaller group settings:
Family life, e.g. pre-marriage, marriage and parenting.
Weekly Prayer Huddles.
Lunches for newcomers to the church.
A new programme of activities for young adults (those aged roughly 18 – 35) was launched in September 2025, along with the internal appointment of a Young Adults Pastor. This included two Young Adults Life Groups, social spaces including monthly lunches, and a monthly young adults service on a Tuesday evening.
Throughout December in the run up to Christmas 2025 we ran a variety of events including, hosting our first White Christmas service this was a beautiful time of reflection for those who found this season difficult. We also hosted our Big Christmas Quiz which was a wonderful chance to celebrate with small groups and volunteers. We also as a staff team went to three separate care homes to sing Christmas carols to all the residents. We also had approximately 600 people attend our Christmas Eve service.
We also hosted all-Ireland services and conferences, supporting inter-church initiatives across Ireland, such as the Kyria Conference and the Exodus Commissioning Service.
The results for the year are set out on page 11.
The company returned net incoming resources for the year of £44,381(2024 incoming resources of £62,441). At 31 December 2025, the total funds of the charity amounted to £2,182,683(2024: £2,138,302) comprising restricted funds of £3,758(2024: £5,258) and unrestricted funds of £2,178,925(2024: £2,133,044).
The charity transferred £71,721 from the designated fund for significant expenditure on the facilities. At 31 December 2025, the balance on this fund was £20,000(2024: £91,721).
At 31 December 2025, the charity’s bank debt amounted to £617,017(2024: £714,846). The trustees are confident that the bank debt will be repaid out of ongoing surplus incoming resources and as such will be able to meet its ongoing working capital requirements.
The principal risk faced by the charity continues to be the potential of receiving insufficient funds to continue its activities.
The charity Reserve policy is that the unrestricted cash reserves should cover 3-6 months of running assuming regular income reduces by 25% and costs remain as budgeted. Costs should include core salaries not covered by restricted funds. Costs should also include general expenditure and any income for conferences which has been received in advance should be treated as a cost (as this may need to be refunded).
Total unrestricted reserves (comprising of cash and debtors, less short-term liabilities, Restricted Funds and Designated R&R) were £104k (2024 - £28k)
Based on the calculation above and the requirement to cover 3-6 months running, the reserves required is between £59.07k and £118.14k. At £104k, our unrestricted reserves are within this range. With the designated R&R fund, which is not restricted, then this figure would be £124k which is slightly above this range.
Causeway Coast Vineyard (CCV) is a church affiliated to the Association of Vineyard Churches in the UK & Ireland (VCUKI).
Our plan is to continually seek to move forward with the objectives we have set out - to see the spiritual and social transformation of Coleraine and the Causeway Coast for generations to come.
In the coming year we look forward to the continued development of our leadership programmes, the expansion of our kids and youth community outreach work, and the increased use of our facilities to reflect our desire to partner with other organisations and charities, and to fulfil our purposes of advancing the Christian faith both locally and nationally.
Causeway Coast Vineyard is a company limited by guarantee and was incorporated on 1 April 2008. The company was established under a Memorandum of Association which established the objectives and powers of the company and is governed by its Articles of Association. The liability of its members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
New directors are appointed when appropriate. Suitable candidates are considered on the basis of their skills, experience and sympathy with the aims of church. New directors will be agreed at a board meeting before being invited to join.
Trustees are responsible for setting the organisation’s payscales following the NICVA matrix and benchmark and ensuring that these are adhered to. Vineyard Compassion was birthed from Causeway Coast Vineyard church and has the same trustees.
The Board delegates authority to the Senior Pastor, Associate Pastor and Operations Director to manage the charity's day-to-day affairs within approved budgets, policies and strategic plans. Matters that could significantly impact the charity's finances, reputation, legal obligations, property, staffing structure or strategic direction remain reserved to the Board of Trustees
Reference and administrative details
The day-to-day management of the charity is overseen by David McCracken (Operations Director).
The trustees, who are also the directors of Causeway Coast Vineyard Church for the purpose of company law, are responsible for preparing the Trustees' Report 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 charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that 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.
The Company's auditor, remains in office at the date of approval of these financial statements and is eligible for reappointment in accordance with the Companies Act 2006.
The trustees' report was approved by the Board of Trustees.
Opinion
We have audited the financial statements of Causeway Coast Vineyard Church (the ‘charity’) for the year ended 31 December 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity 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.
In auditing the financial statements, we have concluded that the trustees' 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 charity’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 other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.
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 course of 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.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2015 require us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, 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 charity’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.
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 an auditor's report 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:
the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with laws & regulations;
we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the sector;
we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, antibribery, employment, environmental and health and safety legislation;
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.
identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the charity'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 risks of fraud and non-compliance with laws and regulations; and
performing analytical procedures to identify any unusual or unexpected relationships;
reviewing journal entries to identify unusual transactions;
assessing whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
investigating the rationale behind any significant or unusual transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
agreeing financial statements disclosures to underlying supporting documentation;
reading the minutes of meetings of those board of trustees;
enquiring of management as to actual and potential litigation and claims;
reviewing legal correspondence.
There are inherent limitations in our audit procedures described above. The more removed 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 trustees and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. Our audit work has been undertaken so that we might state to the charity's 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 charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
IDS Chartered Accountants LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 14 to 27 form part of these financial statements.
Causeway Coast Vineyard Church is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 10 Hillmans Way, Ballycastle Road, COLERAINE, Co Londonderry, BT52 2ED.
The financial statements have been prepared in accordance with the charity's memorandum, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
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.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the company.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are those donated for use in a particular area or for a specific purpose, the use of which is restricted to that area or purpose.
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.
Grants Received
Grant income is recognised when the charity has entitlement to the funds, any performance-related conditions attached to the grant have been met, receipt is probable, and the amount can be measured reliably.
Grants received for specific purposes are credited to income in the period in which the related expenditure is incurred. Grants subject to conditions that have not yet been fulfilled are deferred and recognised as a liability until the conditions are met.
Unrestricted grants are recognised as income when receivable. Capital grants relating to fixed assets are recognised as income when the relevant recognition criteria are met and are applied in accordance with the charity's accounting policy for restricted funds and fixed assets.
Where grants are repayable if specified conditions are not satisfied, income is recognised only to the extent that the charity has complied with those conditions.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business.
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Only assets with a value of £500 or more are capitalised.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
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 the statement of financial activities.
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).
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in income/(expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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.
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 of 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 there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
No provision is required for taxation as the company is defined as a charity for taxation purposes.
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.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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.
During the current financial year, no critical accounting estimates or judgements were made by the trustees.
None of the trustees received reimbursement for expenses during the year.(2024 - £486 for travel expenses).
During the year, our trustee L Bell was employed by the charity in the role of Senior Pastor. The trustee received gross remuneration of £46,769 and employer pension contributions of £6,009, for her responsibilities as Senior Pastor.
Employment of the trustee is authorised in accordance with the charity's governing documents. In accordance with the charity's conflict of interest policy, the trustee declared their interest and took no part in discussions or decisions relating to their employment, remuneration or pension arrangements.
The Trustees consider the remuneration paid to be reasonable and consistent with the duties and responsibilities for the post. No other trustee received remuneration or employment-related benefits during the year.
The average monthly number employees (excluding directors) during the year was:
The remuneration of key management personnel, who comprise the senior leadership team, is as follows.
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The bank loans are secured by a Floating charge over 10 Hillmans Way, Coleraine.
The charity operates 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 restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
Certain grants received and receivable may become repayable to the funder if the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies, it is not possible to quantify the potential effect or give an indication of timing to the liabilities that may arise.
During the year the charity entered into the following transactions with related parties:
Included within hospitality were amounts totalling £3,383 (2024 - £5,826) paid to Lynas Foodservice Limited, a company in which Mr Andrew Lynas is a director. The amount owing at the year-end and included in trade creditors was £522 (2024 - £368).
Included within room hire and other income were amounts totalling £4,675 (2024 - £4,675) received from Lynas Foodservice Limited, a company in which Mr Andrew Lynas is a director. There were no amounts outstanding at the year end.
Mrs L Bell, Senior Pastor, received remuneration for her role during the year, details of which are disclosed in Note 11 (Trustee Remuneration).
Included within shared services were amounts totalling £26,000 (2024 - £26,000) received from Vineyard Compassion, a charity with the same directors. The amount owing at the year-end included in other debtors was £nil (2024 - £nil).
Included within other creditors were amounts totalling £nil(2024 - £1,000) for Love Christmas Grant owed to Vineyard Compassion, a charity with the same directors.
In accordance with the charity's conflict of interest procedures, Trustees take no part in any discussions or decisions regarding activities or procurement relating to any organisation or activity in which they are connected.