Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Financial Ststements for the year ended 31 March 2025
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Charity Inforniation Principal address l Little Barrack StreeL Arniagh. B T60 1 AD Trustees Mr Danyl Robert Bain Mr Robert Joseph Bain Mr Steven Hawthorne Mr lan Liggett Accountants/ Independent Examiners JSR Chartered Accountants 44 Blackisland Road Annaghinore Portadoii n BT69 INE Bankers Santander 2 Triton Square Regent's Place London NWI 3AN Charity Commission For Northern Ireland Number 1000?9
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Contents Page Report of the trustees Independent Examiners Report Income & Expenditure Account 10-11 Statement of Financial Activities 12 Balance sheet 13 Notes to the financial statements 14-20
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report Year ended 3151 March 2025 Structure, Governanee and Management The Trust (the charity) is an unincorporated trust. constituted under a deed of trusL and is registered as a charity with HRMC and M'ith Charity. Commission for NI. The charity plans to continue lo raise funds through its routine and special collections from ivithin its congregation, all of -hICh to serve the charity's objectives in the furtherance of the Christian belief. The trustees have been appointed for an indefinite period. The trustees meet regularly to discuss the broad strategy of the charity to include areas of activity for the harity, assessment of resen'es and risk manag¢m¢nt. Trustees The Trustees who served during the year were as follows: Mr Darryl Robert Bain Mr Steven Hawlhorne Mr Joseph Robert Bain Mr Ian Liggett Risk Management The trustees actiN'ely review any major risks, which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined w'ith an annual reviewi of the controls over key financial systems. will provide sutyicient resources for the incoming year. The trustees haNe also examined other operational and business risks faced by the Charity and confirni that they have established systems to mitigate the most significant risks. Objectives and Actii'ities The Trustees have regard to the Northern Ireland Charity Commission's Public benefit requirements statutory guidance state the objects and principal activities of the charity are: Weekly meetings to encourage members and non-members in their walk with God and to welcome others to have faith in Jesus- weekly bible stud). to help understand God better and apply his Principles to our lives, monthly worship and prayer times to engage ivith God and increase our relationship with him; weekly sports, drama and dance nights within our local community: regular outreach to local community to share the love of Jesus; Christmas Red bag outreach to provide food aid to the local community. yearly outreach overseas for approximately 2 w'eeks to provide physical, emotional and spiritual aid wherever we go. We believe that we bring a positive influence to every part of our community helping them to not only find faith in God but develop as people. So that they can be all that they can be and realise their p)tential. The main activities undertaken to further these aims are detailed in the "Achievements and perfonnance section of this report. Achievements & Performance: Weekly Activities Wc continue to offer both in-person and online services each Sunday. This hybrid model has remained effective since first launching online in 20? l. Whether gathered in the building or watching from home, each service centres on the Bible, encouragement and following Jesus together. Our online church continues to grom, steadili,, with increasing views and hours watched across Facebook and YouTube each week. Many people who begin watching online later join us in person. This year, our average Sunday attendance rose to 185 across two services, reflecting conslstent growth and strong connection. Page I
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report for the year ended 31 March 2025 Mid-week Activities Our mid-week rhythm has remained strong. We continue to run Life Groups twice monthly, with 10 active groups, as well as brand-new youth boys and youth girls groups. These gatherings remain a vital place for discipleship, community and prayer. Our Worship & Prayer Nights also continue twicc monthly, and remain a key part of the spiritual heartbeat of the church. These are attended by all ages, from youth upwards. Key Events: Christmas Dinner 2024 We welcomed 130 people for a warni and joyful Christmas celebration. We enjoyed great food, fun, carols and a strong sense of togetherness. New Year's Eve Worship Night 20?4 Around 150 people gathered to finish the year in worship: testimony and gratitude. It was a powerful night of honouring God's faithfulness and welcoming all He will do in ?0?5. Corporate Fast- January 2025 Over 80 people joined us in prayer and fasting, completing a shared Bible plan together to seek God's vision and direction for the year ahead. Volunteer Meal 2025 We hosted 60 incredible volunteers for a night of celebration. great food and our Vibe A wards. It remains one of the most loved moments of the year. Neivcomers Brunches Wc ran three brunches, each 'e1COMIng I P20 new people and families. These remain essential for connection, vision and helping new people find their place in the life of the church. We provide delicious homemade pancakes and share the vision of Vibe. Baptisms We celebrated ?3 baptisms, with many people publicly declaring their faith in Jesus. We had 2 baptisms throughout the year. Community Hub & Vibe Care The Vibe Community Hub continues to grow in impact and reach. It remains one of the most- significant expressions of our mission to reach the lost and build a vibrant church. Weekly Footfall: around 450 people Support Provided Includes.. Baby and Toddler Clubs Baby Sensory English classes Money management support Child contact meetings Foster family support Signposting and practical help Refugee and homeless support (average 10 weekly) Good Morning calls Pag¢ 2
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report for the year ended 31 March 2025 Health service placements Space for agencies including Weight Watchers, SHSCT and council meetings Families Supported This Year: 53 families weekly through Brit¢Box 25 families fully furnished through house kit-outs 5 families per w'eek supwrted through social services referrals The Hub continues to be a trusted, safe and '¢]ComIng place for the whole community. BriteBox BriteBox has grown significantly again this year. It provides families with a thll recipe and ingredients to cook a healthy meal together. strengthening homes and relieving pressure. This year: 53 families every week 1000 meals per month Over 2000 boxes delivered More than 8000 meals provided Continued partnership ivith local schools Schools engagement widened to l O schools through assemblies, classes and referrals BriteBox continues to be one of our most impactful community projects. Victory House Victory House continues to be an important extension of our ministry. This year, 7 residents stayed in the house, including interns, short-tem] missionaries and individuals in transition. It remains a safe place for discipleship, pastoral care and community life. Kids Ministry Vibe Kids experienced significant gr0h again this year. Weekly Numbers Sundays average 42 kids Friday Kids Club averages 54, Thith a record night of 81 Highlights Over 1000 children reached through kids church, kids club, assemblies, Light Party, Vibe Minis, Vibe Tots IHeart events 200 children responded to the gospel 22 assemblies delivered across 4 h0O15 Kids Takeover continued through the year IHeart Kids Club averaged 190 children daily Vib¢ Kids bought one Project Possible seat and are halfw.ay to a second Pag¢ 3
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report for the year ended 31 March 2025 This has been one of the most impactful )'ears for VI Kids. Youth Ministry Youth at Vibe has grown in depth and numbers. Weekly Rhythm . 40+ youth at Friday Youth 20 at youth Life Groups 25+ at Youth Church on Sundays 50+ at Monday Toastie Club Impact This Year 40+ decisions for Jesus 8 youth baptised I OO+ youth reached in IHeart estates Large schools presence reaching hundreds 80 youth at the IHeart Youth Night 5 youth attended camp in Scotland Supported by 15 youih leaders This has been a year of spiritual growth and transforniation for young people across Annagh. Vibe Men Vibe Men continues to be strong, with 30 men attending monthly. A standout momcnt was our Men's Fire Night. drawing over l 00 men for food, fellowship, ¢ncourag¢ment and a massive bonfire. It was a poiverful night of connection and faith. Vibe Girl Vibe Girl gathered around 60 women monthly for worship. fellowship, testimonies and teaching. A major highlight was the New Eden Women's Conference 2025. an all-day event with 130 attendees, powerful worship and life-giving ministry. This marked a significant moment in the grow'th of Vibe Girl. Our House of Prayer continues to run throughout the week as individuals commit to regular prayer time slots. Daily prayer requests are emailed to enable specific and united prayer. Although Mie did not run another 2417 worship week this year, prayer remains central to the life of Vibe Church. Pag¢ 4
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report for the year ended 31 March 2025 Summer Outreach- IHeart Arma h 2024 IHeart continues to grow in reach, impact and salvations. Key Numbers: 200+ children daily at kids club . 8 estates reached 4 nursing homes visited iooo+ homes visited 60 children attended football camp . 301kk businesses blessed 80 volunteers seTr'ing . 90 youth at ihe IHeart Youth Night 4000 people at the Familv Fun Night 197 salvations across the week This remains one of our most effective evangelistic outreaches. Missions Lalvia- June 2024 Our Latvia missions team included 30 people, partnering with churches, schools and community projects. Asia- August 2024 A team of 21 people travelled to the Philippines and Hong Kong for evangelism, youth ministry, teaching and community outreach. These trips have strengthened global relationships and provided powerful opportunities for discipleship and mission. Local Outreach . Alpha ran twice, with around 25 participants each time Easter Egg Hunt: 200 Sunday Funday: 500 Light Party: 250 Christmas Market: 300 Christmas Experience: 150 . 400 Christmas Food Hampers delivered Regular Kids Club (5(Fk) and Youth Club (35+) each Friday Weekly Baby Club (15) and Toddler Club (40) Vibe continues to play a key role in bringing hope. joy and support to families across Arniagh. Pag¢ 5
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report for the year ended 31 March 2025 Trainin & Develo ment Our l¢ad¢rship and staff engaged in several significant development opportunities: A 24-hour leadership retreat in Miami A local pastors, retreat in March . Audacious LeadehIp Training over two days Multiple guest speakers throughout the year who encouraged and strengthened the church Kids and youth leaders have been trained in child protection safeguarding Specific leaders have been training in first aid. Investing in leadership remains a priority as ive prepare for continued 0h. Pro ect Possible- Buildin ect This year saw significant momentum toward our long-terni vision for a community-changing facility. Milestones Over 500,000 pounds pledged and raised 282 seats sold through the Buy-A-Seat campaign Continued progress tow'ard full planning pern]ission Plans underw'ay for a major new cafe V¥indow installation in summer 2025 Targeting construction to begin ID spring 2026 Project Possible remains vital to creating a c¢ntr¢ that will house counselling, youth space. soft play, community support, a 300-seat auditorium, a 150-seat kids auditorium, BriteBox Hub, retail space, drop-in cntr¢, industrial kitchen and more. We continue to believe the best is yet to come. Acknoivledgement and Thanks As we reflect on the many successes achieved, the hurdles overcome, and the exciting plans now being put in place for the year ahead, we would like to acknoivledge and sincerely thank all those who have supported Vibe in helping us get to where we arc today. We would like to give special mention to our wonderful financial supporters: namely: SHSCT. Triangle Housing, Ark Housing. the Benefact TrusL ABC District Council, Education Authority, Ark Housing Association. Co Operation Ireland, Liberty Church Mid Ulster, Kingsgate Church, Drop Inn Ministries, and in particular our members and visitors for their continued generosity through donations and financial support. The day-to-day operation of a charity is about so much more than funding, and for this reason we want to say a huge thank you to all of our incredible volunteers. Without each and every one of you, nonc of these activities or achievcmcnts would have been possible. Pag¢ 6
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report for the year ended 31 March 2025 Financial Review The Financial Statements are presented in the standard forniat required by the Charities SORP (FRS 102) 2015 and in accordance with The Charities (Accounts and RepK)rts) Regulations (Northern Ireland) 2015. The Statement of Financial Activities on page 7 shows the gross income from all sources. VIBE is reliant upon income collected through its weekly collections and special collections, combined with the receipt of donations and the subsequent Gift Aid claims, and investment income to cover the running costs of the charity and to further its objectiv¢s. In the year under review the unrestricted income received from donations amounted to £232,574 (20?4. £168,724 ), this amount was further enhanced by the subsequent receipt of Gift Aid amounting to £43,i26 (2024. £31,664). In addition to this Vibe also received restricted income by way of donations towards various projects totAlling £65,420 {2024; £70.326 )' within this figure a staggering £34,584 was raised for our building fund (2024- £36,784). Expenses associated Nwith charitable activity work amounted to £186.033 (2024.. £103,841) during the year, with a further amount of £138,593 (2024- £115,059) being spent on running and administration expenses. In addition, the charity continued to develop and extend the facilities at Little Barrack Street. In the year under review the charity expended £88.614 (20?4: £74.084} on fixed asset additions, which includes the ongoing expenditure under our Project Possible. Investment Poliev Apart from retaining a prudent amount in reserves each year most of the charity's funds are spent in the short terni. Reserves Policy The trustees aim to maintain sufficient reserves to enable the trust to continue its humanitarian aid and Christian outr¢ach at its current level. and if possible. to increase it. Trustee responsibilities in relation to the accounts The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable la, and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the charity trustees to prepa financial statements for each year iyhich give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently. * observe the methods and principles in the applicable Charities SOIiP. make judgements and estimates that are reasonable and prudent. state w'hether applicable accounting standards hai'e been followed, subject to any material departures that must be disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the pr¢N'ention and detection of fraud and other I¢gularitIcs. Pag¢ 7
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Trustees Report for the year ended 31 March 2025 The trustecs are responsible for th¢ maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements. This report was approved by the Trustees and signed on its behalf, on 12, January 2026, by: Docusigned by: Shjned ty.. DD¢uSiwed br. Mr Darryl Bain Trustee Mr Robert Bain Trustee Mr Steven Hawthorne Trustee Pag¢ 8
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Independent Examiners Report Year ended 3151 March 2025 I report on the accounts of the Trust for the year ended J l March 2025, which are set out on pages l O to 20. Respective responsibilities of charity trustees and examiner As the charity, s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibilitv to: examine the accounts under section 65 of the Charities Act. follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charitics Act. state whether particular matters haN'e come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my 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. My examination included a review of th¢ accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of an)1 unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whethcr any material matters have com¢ to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 6J of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That thc accounts do not comply with the accounting requirements of the Charities Act. 4. That there is further infomiation needed for a proper undersLqnding of the accounts to be reached. Independent examiner's statement I hav¢ completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have l-ound no matters that require drawing to your attention. Docuslgned by.. 9675GCF2&9E3400 Jonathan Ross FCA Chartered Accountant 44 Blackisland Road Annaghmore Portadown BT62 INE 12, January 2026 Page 9
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Income & Expenditure account st Year ended 31 March 2025 2025 2025 2025 2024 Unresiricied IncomL Restricied Incomc Total Donation5 receivcd 232.i74 232574 168.724 Gift Aid on donations 43.326 43J26 31.664 Donations rcccivcd- Building Fund l)onations rece]'¢d- Chrisimas Hampers 34.)84 36.784 282 282 1,200 Donations receiN'ed- Brite Box 10,21K> l)onations reCe].td- Outreach 15.239 15239 7,396 l)onations reCe].td- Missions 13.315 13J15 14,746 Grants received 4.472 Rental Incotllc .310 iJio 2.493 Misc Incomc 809 Bank intcrLSt rccLivcd -747 1.747 1.926 Total Ineome 282.$57 65820 347,977 280,414 Direct Ex ense5 Donation5 & Gifts 10.943 10,943 17.328 Missionar). Trips 90.06) 13.31) 103J80 36.827 Community cTr'cnts & Outrcach 13.393 11.073 24.466 8.889 Conference 3.433 3,433 1,879 Creche/ Kids/ Youth 12.654 12ffi54 5,237 l eaching Resources1 materials 4.580 4580 3,939 Volunleer-l-raininO equipping 684 7,050 Visiting spcakcrsl musicians 2.427 Brite Box- Famil). tncals -827 3.352 5,179 4.142 Hampcrs 143 282 425 908 Purchascs for kids partics i.177 5.177 2.079 Honorarium 575 575 950 Interns 5.971 5,971 6,883 Victory, I louse - running costs 8.566 8566 5,303 158.011 28,022 186,033 103,841 The Income & Expenditure account continues on the next page. Pagc 10
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Income & Expenditure account st Year ended 31 March 2025 (Cont.d) Administration Ex enses Wages s6.7 2,485 59J92 49,173 Staff Pension costs 3.837 3,837 1.490 Rent 5.0(K> 5,000 6,000 Rates/ Water Rates 2,606 2,606 6,250 Insurance 2.803 1,738 Computer bureau costs 2,166 2,166 546 Light & heat 8.478 8.478 8,057 Repairs & maintenance 13,072 13,072 5,067 Printing, postage & stationery 1.310 iJio 1,761 Advertising 352 325 Telephone 479 479 480 Motor & travel 5,697 5,814 4,133 Meeting costs/ Caterinty H05ting 10.674 10.885 15,593 Accountancy 1,5(Kl 1,500 1,550 Bank Charges 439 439 294 Sundry Expenses 32 247 Depreciation 21,928 21.928 13,905 137,279 2,814 140,093 116,609 Surplusl Deficit 12,733 34584 21,851 59.964 There were no other gains or losses other than thosc recognised above. Pagc 11
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Statement of Financiiil Activities for the year ended 31 March 2025 Unrestricted Funds Restricted Funds Total Funds Prior year For the year ended 31 March 2025 Incon)ing Resources Notes Voluntary income 275,900 65,420 341,320 270,714 Activities for generating funds 4,910 4,910 3,302 Investment income Other incoming resources 1,747 1,747 1.926 4,472 Total Incoming Resources 282,557 65,420 347,977 280,414 Resources Expended Charitable activities 158.011 28,022 186,033 103,841 Running Costs/ Administrative costs 135,779 2,814 138,593 115,059 Gov¢mancc Costs 1,500 1,500 ,550 Total Resourees Expended 295290 30,836 326,126 220,450 Net incomingl outgoing resources before transfers 12,733 34,584 21,851 59,964 Gross transfers betw'een funds Net incoming resources before other recognised gains and losses {12,7J3) 34,584 21,851 59,964 Net movement in funds Reconciliation of funds (12,733) 34584 21,851 59,964 TotAI funds brought forward (see note 17) 470,0 133,412 603,412 543,448 13, 14 Total funds ciirried fOard 457267 167,996 625,263 603,412 There is no difference between the net movement in funds stated above. and the historical cost equivalent. All the charity's activities derived from continuing operations during the year. The charity has no rccognis¢d gains or losses other than those shown above and therefore no separat¢ statement of total recognised gains and losses has been presented. Pagc 12
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Balance sheet as at 31 March 2025 Notes: 2025 2024 Fixed Assets io 456,163 389,477 Current Assets Other Debtors Cash as Bank and in hand 42,104 158,130 30,474 185,667 Liabilities Loans Other creditors and accruals 12 (31,lJ4) (2,206) Total assets less current liabilities 625263 603,412 resented Unrestricted funds Restricted funds 457.267 470,000 167,996 133,412 13, 14 625263 603,412 Approval of Account Ih The foregoing Balance Sheet Account was approved by the trustees on: 12 January 2026 Signed on behalf ot the trustees Docusigned by: Mr Darryl Bain Trustee Pagc 13
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Notes to the financial statements for the year ended 31 March 2025 Accounting policies The accounting policies adopted by the Charity are consistent with those adopted previously and are set out below: Basis of preparation The financial statements have been prepared in accordance with the provisions of the Charities Act (Northem Ireland) 2008. These financial statements haN'e been prepared in accordance with the Accoiinting and Reporting by Charities: Statement of Recommended Practice FRS 102 and Th¢ Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. The accounts are prepared under the hislorical cost coni'ention. The results of the charity's operations, which are described in the trustee's report: are all continuing. 1.2. Cash floiv statement The charity has taken advantage of the exemption provided by FRS 10? and has not prepared a cash flow statement. 1.3 Fund Accounting Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or w'hen funds are raised for particular restricted purposes. Unrestricted funds comprise those funds. which the Trustees are free to use for any purpose in furtherance of the charitable objects. 1.4 Incoming Funds All incoming resources are recognised once the Charity has entitlement to the resources. it is certain that the resources iyill be received, and the monetary value of incoming resources can be measured with sufficient reliability. 1.5 Resources Expended Liabilities are recognised as resourc¢5 expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under heading that aggregate all costs related to the category. 1.6 Value Added Tax VAT where recoverabl¢ has been excluded from these accounts. ]rcOVerable VA T is charged against the category or resources expended for w'hich it was incurred. 1.7 Taxation The Charity is exempt from taxation on its charitable activities. Page 14
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Notes to the financial statements for the year ended 31 March 2025 1.8 Tangible fixed assets and depreciation Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life, as follows: Building Not depreciated Fixtures & Fittings IO% reducing balance Equipment & Furniture 200/0 Straight line 1.9 Stock Stock is valued at the lower of cost and net realisable value. 1.10 Grants Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Income Income for the year represents the cash received during the year net of value added tax. Voluntary Income Unrestricted Restricted Total Funds Prior year Donations received 232,574 232,574 168,724 Gift Aid on donations 31,664 Donations received- Building Fund 34,584 34,584 36,784 Donations received- Christmas Hampers 282 282 1,200 Donations received - Brite Box 2.000 2,000 10,200 Donations received - Outreach 15.239 15,239 7,396 Donations received - Missions 13,315 13,315 14,746 Grants received 4,472 275.900 65,4?0 341,320 270,714 Aetivities for generating funds Unrestricted Restricted Total Funds Prior year Rental Income 1.310 1,310 2,493 Misc Income 3,600 3,600 809 4.910 4.910 3,302 Page 15
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Notes to the financial statements for the year ended 31 March 2025 Investment income Unrestricted Restricted Total Funds Prior year Bank interest received 1,747 1,747 1,926 1.747 .747 1,926 Other income Unrestricted Restricted Total Funds Prior year Grants received 4,472 4,472 Charitsble aetii'ities Unrestricted Restricted TOL41 Funds Prior year Donation5 & Gifts 10,943 10,943 17,328 Missionary Trips 90,065 13,315 103,380 36,827 Community events & Outreach 13,393 11,073 24,466 8,889 Conference 3,433 3,433 1,879 Brite Box - Family meals 1,827 3,352 5.179 4,142 Hampers 143 282 425 908 Purchases for kids parties 5.177 5,177 2,079 Creche/ Kidsl Youth 12.654 12,654 5,237 Teaching Resourcesl materials 4.580 4,580 3,939 Volunteer Trainingj equipping 684 684 7,050 Vislting speakers/ musicians 2,427 Victory House - running costs 8.566 8,566 5,303 Honorarium 575 575 950 Interns 5,971 5,971 6,883 158,011 28,022 186,033 103,841 Page 16
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Notes to the financial statements for the year ended 31 March 2025 Running Cost Administrative expenses Wages Staff Pension costs Rent Ratesl Water Rates Insurance Computer bureau costs Light & heat Repairs & maintenance Printing, postage & stationery Advertising Telephone Motor & travel Meeting costsl Cateringj Hosting Bank Charges Sundry Expenses Depreciation 56,907 2,485 59,392 3,837 5,000 2,606 2,803 2,166 8,478 13,072 1,310 352 479 5,814 10,885 439 32 21,928 138,593 49,173 1,490 6,000 6.250 1,738 546 8,057 5.067 1,761 325 480 4,133 15,593 294 247 13,905 15,059 5,000 2.606 2,803 2.166 8,478 1,310 352 479 5.697 10,674 117 211 32 21,928 135,779 2,814 Governance Costs Unrestricted Restricted Total Funds Prior year Accountancy 1.500 1.500 1,500 1,500 1.550 ,550 Page 17
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Notes to the financial statements for the year ended 31 March 2025 io. Tangible Fixed Assets Buildings Fixtures Fittings & Equipment Total Cost At l April 2024 Additions DisP05a15 369.632 49.075 88,623 39,539 458,255 88,614 At 31 March 2025 418.707 128,162 546,869 reciation At l April 2024 Charge DisP05a15 At 31 March 2025 68.779 21,927 68,779 21,927 90.706 90,706 Net Book Value At 31 March 2025 418.707 369.632 37,456 19,844 At 31 March 2024 389,477 2025 2024 Current Assets Cash at bank and in hand Other debtors 158,130 42,104 200,234 185,667 30,474 216,141 12. Creditors less than l year 2025 2024 Trade Creditors PAYE Accruals Deferred income 20,000 400 198 1,608 2.800 8,334 31,134 2,206 13. Reconciliation of Reserves Unrestricted Restricted Total Funds Prior year Blfwd l April 2024 Surplus Clfwd 31 March 2025 470.000 133.412 34,584 167,996 603.412 21,851 625.262 543,448 59,964 603.412 457.267 Page 18
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Notes to the financial statements for the year ended 31 March 2025 14. Analysis of Net Assets between Fund5 2025 Unrestricted Restricted ToLql Funds Tangible Fixed Assets Current Assets Current Liabilities 456,163 32.238 (31.134) 457.267 456,163 200.234 (31,134 625,263 167,996 167,996 2024 Unrestricted Restricted ToLql Funds Tangible Fixed Assets Current Assets Current Liabilities 389,476 82.729 (2,206) 470,000 389,476 216.141 2,206 603,411 133,412 133,412 15. Trustee and Staff Costs One or more of the trustees has been paid remuneration or has received other benefits from an employmcnt with th¢ Charity. Two Trustees received remuneration during the y¢ar- the remuneration provided is in recognition of the additional duties undertaken: Mr D Bain in his role as Pastor of Vibe: his role as Pastor of the church requires him to spend a considerable amount of tim¢ each week preparing for w¢ekly church services. attending meetings, leading study groups etc. The salary paid to Mr Bain during the year was £19,200 (2024; £14,400); pensions contributions were also paid on behalf of Mr Bain in accordance with Auto Enrolment pensions regulations. No other benefits were paid to Mr Bain. This r¢mun¢rat¢d rol¢. as Pastor of Vibe. is in addition to the non-remunerated dutics undertaken by Mr Bain as a trustee of the charity. Mr I Liggett in his role as Community Liaison officer for Vibe; his role as community Liaison Officer requires him to spend a considerable amount of time each w¢¢k leading Vibes various community initialives. The salary paid to Mr Liggett during the year was £12,590 (2024; £12,590). pensions contributions were also paid on behalf of Mr Liggett in accordance with Auto Enrolment pensions regulations. No other benefits were paid to Mr Liggett. No other Trustee received any remuneration or any other benefit from hisl her trusteeship with the charity in the year (2024. £Nil). No Trustee receiTred payment for professional or oth¢r scrviccs suppli¢d to th¢ charity (2024- £Nil). Trust¢¢s Expenses £Nil (2024; £Nil). 16. Average number of Employees During th¢ ycar th¢ av¢rag¢ number of employees was 4 (2024. 4). Page 19
Docusign Envelope ID.. E5EC6371-2E6fA261>AOE&73C555F9DEAC VIBE Notes to the financial statements for the year ended 31 March 2025 17. Related Party Transactions The Charities SORP (FRS 102), The Charities (Accounts and Reports) Regulations (Northern Ireland), and the Charities Commission for Northem Ireland all require the disclosure of Related Party Transactions. The following have been identified and are now rewTrrted to meet the requirements of the above noted pieces of legislationl guidance. Mr Daryl Bain is a Trustee of the charity. Mr Darrvl Bain is married to Mrs Nikki Bain. During the year Mrs Bain received employment income of £7,800 (?0?4' £Nil}. In addition to her employed role within the Charity Mrs Bain also acts as a volunteer within the charity. Mr Robert Bain is a Trustee of the charity. During the year the charity occupied premises oii'ned by Mr Robert Bain, the charit), paid rent of £5.000 to Mr Bain during the year (2024; £6,000). The charity is very grateful to Mr Bain for the use of these premises at a rate considerably below market value. Page 20