ids. chartered accountants Company Registration No. N1613839 {Northern Ireland} VINEYARD COMPASSION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG
ids. VINEYARD COMPASSION chartered accountants CONTENTS Page Legal and administrative information Trustees, report Independent auditor's report 10-12 Statement of financial activities 13 Balance sheet 14 Statement of cash flows 15 Notes to the financial slatements 16-28
ids. VINEYARD COMPASSION chartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrAR Lynas Mr P R Lynas Mr D P Wright Prof. K C Hutchinson Secretary Mr P R Lynas Charity number NIC100508 Company number N1613839 Registered office 10 Hillmans Way Ballycaslle Road COLERAINE Co Londonderry BT52 2ED Auditor IDS Chartered Accounlants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG Bankers Danske Bank Ballymena Business Cenlfe BALLYMENA Co Anlrim BT43 5BY Solicitors Macaulay Wray 35 New Row COLERAINE Co Londonderry BT52 1AH
ids. VINEYARD COMPASSION churtered occountants TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. 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 Igoverning documenll, the Companies Act 2008 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019}. Objectives and activities The principal activity of the charily continued to be the provision of social relief within the community. Vineyard Compassion is a charity based in Coleraine. Vve aim lo support people, "from crisls to full potential. by providing practical support for the poor, whilst empowering them lo tackle the underlying rool causes of poverty. Our catchmenl district is primarily the Causeway Coast and Glens Borough. However, our work with the Probation Board and Prison SeNice helps people from all over Northern Ireland. Our volunteers come from as far away as Belfast and Omagh, although most are local. Poverty in this region is much higher than the Northern Ireland average with 27.5 /0 of people and 30.90/a of children living in poverty. Coleraine includes some of the mosl deprived wards in Northern Ireland. The most vulnerable people in our community are faced with a complex sel of barriers such as long-term unemployment, family breakdown, homelessness, problem debt, mental health issues, ex-offending, low educational achievement and poor self-esteem. For many, these barriers are too big to overcome without support. This can lead to periods of destitution, when people go without the bare essentials such as a home. food, clothe5 and healing. Recognising the significant deprivation in Ihe local area and motivated to support the most vulnerable in society, Vineyard Compassion was established. The charity takes a multi-faceted approach lo tackling poverty. seeking to maximise the potential for lasting Iransforrnalion. Ils programmes are making a real difference. We have been privileged to see dignity and hope restored lo thousands of vulnerable people who were trapped in cycles of poverty. The support Vineyard Compassion offers is available al no cost, to everyone in the community regardless of belief, sexual orientation, race or nationality. Vineyard Compassion's vision is to have.. "a transformed and thriving community wher& pov&rty is unacceptable and uncommon" Vineyard Compassion's mission in achieving our vision is to.. 'provide people with financial, emotional or practical support at their point of né8d, while gmpowering them to tackl& th8 undgdying root causes of poverty" The charity offers holistic support centred around three core themes.. 1. PROVISION.. we provide immediate financial, emotional or practical support at crisis points of need. For example, the provision of food, clothing. emotional support or debt counselling, where individuals laGk the resource to meet their own needs. 2. EMPOWERMENT: we empower people to tackle the underlying root causes of poverty. For example, leaching budgeting skills, building capacity within clients to break the cycle of poverty. moving from dependency toward5 greater independence. 3. EMPLOYMENT.. we support people on a journey towards employment that is fulfilling. We know that work is the besl roule out of poverty, not only providing financially, but building confidence and 5elf- esteem. improving mental health and providing greater Gommunity. Staff assisted by a team of over 200 volunteers support the work. Many volunteers are former clients who are now in a position to help other5. We were delighted to receive the Queen's Award for Voluntary Serwce in 2018 acknowledging the tremendous contribution made by our volunteers in meeting community needs.
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT (CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 The charity works alongside agencies and statutory bodies with the goal of tackling poverty. It receives referrals from and signposts clients to these organisations for specialist support. These include government departments such as Health, Communities and Justice, the Probation Board, Prison SeNice, Housing Executive and local councils along wilh many charities including the Simon Community and St Vincent de Paul. Our activities include.. The Open Door drop in café - this provides a gateway and befriending service to access all support services. Clients only have to enter ONE DOOR and go over their story ONCE. Compassion Support - the Compassion Support learn connects with all new clients. Through tailor- made support plans guests are empowered to move beyond crisis point. Causeway Foodbank - provides emergency food and household essentials. Referrals come from care professionals. We also operate a clothing bank called the Wear House. RESET Social Supem)arket - provides six months of low-cosl food along with support services, courses and training to enable people to reset their priorilies of food, finance and future stability. CAP Debt Centre- provides debt counselling, support and money management courses. Link Logs offers a voluntary work placement designed to increase confidence, skills and employability. This mentor led environmenl operales within a social enterprise structure. Some referrals come from the Probation Board for community setvice and prisoners on day release. The Link Logs social enterprise will see a decrease in production from July 2024 and subsequently a reduction in sales the remainder of 2024. Thi5 is due having to dismantle and relocate the Link Logs operation from a leased warehouse to alternative warehousing on a sile owned by CCV as we were unable to agree reasonable lease amount. The leased sile will be vacated by September 2024. The new location will be much smaller than the previous location and we're anticipating lower production and sales moving forward into 2025. Grow allotment- gives opportunity for people to grow produce in a supportive environmenl improving mental health and promoting physical and social well-being Compassion Housing - provides short-term accommodation for homeless or at-risk people. Referrals come from the Housing Executive, Social Services. Simon Community, Women's Refuge and Women's Aid. Vineyard Compassion's value5 SUPPOrt5 people in a process of transformation from dependence to independence. The different values build upon each other.. you need worth lo have hope. You need hope to have meaningful relationships. You need relationships lo deal wilh the range of complex issues in your life. You need a holistic solution to be fLJlly empowered. Worth-ALL people are welcome, are valuable and deserve to be treated wilh dignity and respect. Hope we believe that there is hope for the future for everyone, no matter how difficult the situation might appear. Relationships we believe individual growth and healing happen as we spend time in community with people who care about us. Holistic - we recognise and seek lo meet the needs of the whole person - financial, emotional, practical and spiritual - not just their presenting problem. Empowerment- we encourage people lo develop ski115 that equip them to meet their own need5 and break the cycle of poverty- moving from a place of dependence to independence.
ids. VINEYARD COMPASSION chartered accountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perforniance Throughout 2023 the Cost-of-Living Crisis has continued to impact more and more families acros5 the community. A growing number of families are facing financial crisis for the first time, while others are being pushed further into poverty and despair. Those with very low incomes have experienced a substantial reduction in their disposable income. This leads them lo face impossible decisions on whether lo eat or heat their home., pay the electricity bill or cover unexpected costs such as repairing a washing machine or fixing a boiler. Many working families who previously were able to live comfortably are now living under the immense financial pressure, with mortgage or rent arrears and genuine fear of losing their home. During 2022, Vineyard Compassion experienced an unprecedented surge in demand for ils services. Thi5 momentum continued into 2023, with our Foodbank and Clothing bank serving more Ihan double the number of individuals in need compared lo the previous year. Additionally, our Open Door drop-in sessions attracted nearly INice as many participants, totalling an incredible 4872 visits over the past 12 months. 2023 a150 marked a significant shift as the firsl group of asylum seekers arrived on the North Coast. Initially, these individuals were housed in a hotel in Portslewart. followed by families being accommodated in a hotel in Portrush. Many others have been dispersed across Coleraine and beyond. Vineyard Compassion has the privilege of supporting these individuals and working alongside statutory and communitylvoluntary agencies to deliver coordinated support. Collaboration and working in partnership are key values for Vineyard Compassion lo ensure that clients receive the very best SUPPOrt. For this reason, Vineyard Compassion hosts and participates in several effective partnerships in the local area with various statutory agencies and communitylvolunlary organisations. Vineyard Compassion seeks to avoid duplication in service provision whenever possible, and where gaps exist or current provision is unable to cope with demand, Vineyard Compassion looks for ways to launch projects that meet genuine needs in a suslainable and effective way. In a recenl survey, 920/0 of clients described Vineyard Compassion's support as 'life transforming. or "a great help. 97 /0 said since working with vineyard Compassion they were "hopeful" more confident" and 'able to face their problems" Two clients surveyed slated.. °Il it hadn't been for the help and support I raceiv8d from Vineyard Compassion, I would 8ith&r bo dead or in jail." "The support I received has given me light at the end of the tunnel. I'm making good progress with paying off my debts and improving my ment81 health."
ids. VINEYARD COMPASSION chartered occountants TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review The results for the year are set out on page 13. The charity returned net outgoing resources for the year of £182,273 12022 net incoming resources of £198,392). At 31 December 2023 the total funds of the charity amounted to £1.466,672 {2022 £1,848,945} comprising restricted funds of £191,113 {2022 - £215.865), and unreslrictedldesignated funds of £1.275.559 (2022- £1,433,080). The spread of income and expenditure by source is shown in the following graphs.. Income by Source I£OOOs) 450 4CO 350 300 250 2CO 150 Jcc 50 Ind v Idual O[oan.'syt,'orG Grènts s40., Enterprse & Oilier frèdino Otlier 2)23 • 2:.
ids. VINEYARD COMPASSION chartered accountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Income by Source 2023 Ind•1 dual Organi*tions Grarts tc(i?,' Enterkrse & Other I radi Other Expenditure by Activity 2023 . cOm5,,0n_upp0rr Link LOES Ccunselln Foodbank Oebt Centr -.oc,'al Eupefm3rket Otlier projr$ -upporr & Gernance • FundraisinE The principal risk faced by the charity Gonlinues to be the potential of receiving insufficient funds to continue its activities. The charity seeks to miligate this risk in the following ways.. UnreslriGled reserves are held which are sufficient to cover.. the continuance of operations given a 25 % reduction in unrestricted and project income. for a period of 3-6 months, and any specific liabilities which are oulside of the normal scope of aclivilies; Vvherever possible, projects are developed and structured lo be self-sustaining and therefore have the potential lo continue for the long term without external funding- The charity 15 continuing lo develop its fundraising strategy to continue to diversify core funding sources and therefore avoid any over-relianGe on a small number of funder5.
ids. VINEYARD COMPASSION chartered occountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Total unrestricted reserves (comprising of cash and debtors, less short-term liabilities) were £46.801 (2022 £314,538) Based on the 2024 budget, the range of reserves considered by the trustees to be adequate (as calculated above) is between £122K - £245K. Unreslricled reserves are currently below this range. Trustees focus in budgeting and planning going forward is to build the unrestricted reserves towards the 3 month run rate. Plans for future periods Following the COVID pandemic, Vineyard Compassion has been developing various partnerships and collaborative projects. A key milestone was the initiation of an Anli-Poverty Network of which Vineyard Compassion is a founding member and one of the main delivery agents. Thi5 network was spearheaded by Causeway Coast and Glens Council with inpul from the Department for Communities Nl and is now chaired by Ricky Wright, Vineyard Compassion's Chief Exec. A detailed action plan has been developed which will be oulworked in the years ahead. This will be a key emphasis for Vineyard Compassion, lo work strategi1211y in partnership with other local organisations with the shared goal of tackling povety and social deprivalion. A consortium has been created among network members to offer holistic wraparound support lo people in crisis. which was piloted in 2021 and will continue into 2024. Vineyard Compassion piloted a new 'mobile' support service in late 202110 offer crisis support and signposting to rural locations where barriers lo engagemenl are higher. The 'Mobile Open Door. dropin service has continued throughout 2022 and 2023 and provides a needs assessment, emergency provisions {Foodbank), Social Supermarket, one to one support and signposting to other services. We aim lo review and evaluate its success during 2024 with the aim of expanding ils seNice if feasible. During 2022 our supported housing project transitioned fomally into a new Emergency l Temporary Housing project in partnership with Northern Ireland Housing Executive. During 2024, this project will take significant focus of our senior staff team to develop the project, ensuring it will be sustainable financially, while effectively meeting the needs of clients who need crisis accommodation. We also be developed a new 'Outcornes I Impact Framework, lo better identify the positive changes within people's lives that we support. This will help us to capture our impact and provide the most detailed answer to "what does success look like?" for the organisation. This will be integrated into a new bespoke client case management IT system that will be developed and launched during 2024. We will also continue to grow and develop our Fundraising Strategy so that Ihere is greater stability. We aim to secure multi-year grants to give greater security in grant funding and widen the variety of our funders. We will also continue to develop the number and amount of oui individual donations. while growing our social enterprises lo form a larger percentage of our overall income. We are confident that these plans will be realised. Structure, governanGe and management Vineyard Compassion is a company limited by guarantee and was incorporated on 1 August 2012. 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 thal every Member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up. The Iruslees, who are also Ihe directors for the purpose of company law, and who served during the year and up lo the dale of signature of the financial statements were.. Mr R Kelly (Resigned 20 October 2023) MrA R Lynas Mr P R Lynas Mr D P Wright Mr NA Young Prof. K C Hulchin50n (Resigned 29 OGlober 2023)
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 New directors are appointed when appropriate. Suitable candidates are considered on the basis of Iheir skills, experience and sympathy with the aims of the Charity. New directors will be agreed at a board meeting before being invited to join and will receive appropriate induction and relevant training. Trustees are responsible for setting the organisation's payscales following the NICVA matrix and benchmark and ensuring that these are adhered lo. Vineyard Compassion was birthed from Causeway Coast Vineyard church {CCV) and has the same trustees. The trustee5 have paid due regard lo guidance issued by Ihe Charity Commissiori in deciding what activities the charity should undertake. New trustees will receive appropriale induction and relevant training. We have a risk management assurance framework in operation. This covers areas such as safeguarding processes for ohildren and vulnerable adults. staff training and development, health and safely for slaff 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 suk>commillee alongside the Operations Director. Any risks are raised. discussed and measures put in place to rnitigale the risk. Risk is a standing agenda item on our board meetings and the risk management assurance framework is reviewed formally al the board meeting every six months. Reference and administrative details The day-to-day management of the charity is overseen by Ricky Wright (Chief Exec), David Mccracken (Operations Director) and Victoria Moore (Finance Manager}. Statement of trustees. responsibilities The trustees, who are also the directors of Vineyard Compassion for Ihe 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 Accepled Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources. including the income and expendilure, of the charitable company for that year. In preparing these financial statements, the Iruslees 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., slate whether applicable UK Accounting Standards have been followed, subjecl lo any material departures disclosed and explained in the financial slalements; 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 lime the financial position of the charity and enable them to ensure that the financial slatemenls 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. Auditor In accordance with the company's articles, a resolution proposing Ihal IDS Chartered Accountants LLP be reappointed as auditor of the company will be put at a General Meeting.
ids. VINEYARD COMPASSION chartered accountants TRUSTEES, REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 Disclosure of information to auditor Each of the trustees has confirmed that there is no infomiation of which they are aware which is relevant lo the audit, bul of which the auditor is unaware. They have further confirmed Ihal they have taken appropriate steps lo identify such relevant information and lo establish that the auditor is aware of such information. This report has been prepared in accordance with the provisions applicable lo companies entitled to the small companies exemption. The Irustees, report was approved by the Board of Trustees. Mr P R Lynas Trustee Dated.. 3 September 2024
ids. VINEYARD COMPASSION chartered accountonts INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF VINEYARD COMPASSION Opinion We have audited the financial slatemenls of Vineyard Compassion (the 'charity') for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Slalement of Cash Flows and the noles lo the financial stalemenls, 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, inclLJding Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ir81and (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the slate of the charitable oompany's affairs as at 31 December 2023 and of its total incoming resources and expenditure of resources, including its income and expenditure. for Ihe year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in accordance with the requirements of the Charities Act {Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Slandards on Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit ol the financial slatements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo 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. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of Ihe going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not idenlified any material uncertaintie5 relating lo 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 wilh respect to going concem are described in the relevant sections of this report. other information The Irustees are responsible for the other information. The other information comprises the information included in the annual report. other than the financial slalements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility 15 to read the other information and, in doing so. consider whether the other information is materially inconsistent with Ihe financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent rnalerial misstatements, we are required to determine whether there is a material misstatement in the financial statemenls or a material misstatement of the olher information. 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. 10-
ids. VINEYARD COMPASSION chartered accountants INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF VINEYARD COMPASSION Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation lo which the Charitie5 (Accounts and Reports) Regulations (Northern Ireland) 2015 require us to report lo you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the Irustees, report,. or the charitable company has not kept adequate accounting records., or Ihe financial statements are not in agreement with the accounting records and returns., or we have not reiVed all the information and explanations we require for our audil. Responsibilities of trustees 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 lawl are responsible for the preparation of the financial slalemenls and for being satisfied that they give a true and fair view, and for such internal control as the directors 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 slatements, the Iruslees are responsible for assessing the charity's ability to conlinue as a going concern, disclosing, as applicable. matters relaled to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditors under section 65 of the Charities Act {Northern Ireland) 2008 and report in accordance with the Act and regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due lo 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 delect a material misstalemenl 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 influenGe the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delect material misstalemenls in respect of irregularities, including fraud. 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 olher 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 slalemenls or the operations of the company, including Ihe Companies Act 2006. taxation legislation and data protection, antibribery. employment, environmental and health and safely 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. 11
ids. VINEYARD COMPASSION chartered accountants INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF VINEYARD COMPASSION 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 lo 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 regulation5-, and performing analytical procedures to identify any unusual or unexpected relationships.. reviewing journal entries to identify unusual Iransaclions., 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 lo.. agreeing financial statements disclosures to underlying supporting documentation., reading the minutes of meelings 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 il is that we would become aware of non-compliance. Audiling 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 lo fraud can be harder to delect than those Ihal arise from error as they may involve deliberate Goncealment or collusion. A further description of our responsibilities is available on the FRC'5 website athttps.'Ilwww.frc.org.uklauditorslaudit- assurance-elhicslauditors-responsibilities-for-the-audit. 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 stale to the charity's truslees those mallers we are required lo stale to them in an auditors, report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Iruslees as a body, for our audit work, for this report, or for the opinions we have formed. Alison Wallace IDS Chartered Accountants LLP Statutory Auditor 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG 3 September 2024 IDS Chartered AcGountan15 LLP is eligible for appointment as auditor of the Gharity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Acl 2006. 12-
ids. VINEYARD COMPASSION chartered accountonts STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 107,131 318.119 34,419 3,233 462.373 569,504 318.119 34,419 3,233 141.347 332.170 30.135 387 491,304 632,651 332,170 30,135 387 Total income 462,902 462,373 925,275 504,039 491,304 995,343 Expenditure on: Raising funds Charitable activities 87.355 533.068 87,355 487.125 1.020,193 52,173 391.951 52,173 744,778 352.827 Total expenditurè 620,423 487,125 1.107,548 444.124 352.827 796,951 Net incomellexpenditurel and movement in funds (157,521) (24,752) (182,273) 59,915 138,477 198,392 Reconciliation of funds: Fund balances at 1 January 2023 1,433,080 215,865 1,648,945 1.373.165 77,388 1.450,553 Fund balances at 31 December 2023 1,275,559 191,113 1,466,672 1,433,080 215,865 1,648,945 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 13-
ids. VINEYARD COMPASSION chartered accoL%ntants BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 13 1.114,451 1,031,441 Current assets Stocks Debtors Cash al bank and in hand 14 15 33.720 42,179 336,079 12,547 89.489 576.466 411,978 678,502 Creditors: amounts falling due within one year 16 (59.7571 {60,998} Net ¢urrent assets 352.221 617,504 Total assets less Gurrent liabilities 1,466,672 1,648,945 The funds of the charity Reslricled income funds Unrestricted funds 18 191,113 1,275.559 215,865 1,433,080 1,466.672 1,648,945 The company is entitled to the exemption from Ihe audit requirement contained in Section 477 of the Companies Act 2006, for the year ended 31 December 2023, although an audit has been carried out under section 65 of the Charities Act (Northern Ireland) 2008. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial slatemenls under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companie5 subject lo Ihe small companies regime. The financial statements were approved by the trustees on 3 September 2024 Mr P R Lynas Trustee Prof. K C Hutchinson Trustee Company registration number N1613839 (Northern Ireland) 14-
ids. VINEYARD COMPASSION chartered accountonts STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash flows from operating activities Cash (absorbed by)Igenerated from operations 24 (91,401) 246,300 Investing activities Purchase of tangible fixed assets Investment income received {152.219) 3,233 124,499) 387 Net cash used in investing activities (148,986} {24,1121 Net cash used in financing activities Net Idecrease}lincrease in cash and cash equivalents (240,3871 222,188 Cash and cash equivalents at beginning of year 576,466 354,278 Cash and cash equivalents at end of year 336.079 576,466 Relating to: Cash at bank and in hand 336,079 576,466 15-
ids. VINEYARD COMPASSION chartered occountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Charity information Vineyard Compassion is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 10 Hillmans Way. Ballycastle Road, COLERAINE, Co LondDnderry, BT52 2ED. 1.1 Accounting convention The financial statements have been prepared in accordance with the charily's memorandum. the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 1021 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (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 c05t convention, rnodified to include the revaluation of freehold propertie5 and to include investment properties and certain financial instruments al fair value. The principal accounting policies adopted are sel out below. 1.2 Going concern 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 slalements. 1.3 Charitsble funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Designated funds comprise funds which have been set aside at the discretion of the trustees for spectfic purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the reslricled funds are set out in the notes to the financial statements. 1.4 Incoming resources 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 Gifi Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipi or otherwise if the Charity has been nolified of an impending distribution. the amount is known, and receipt is expected. If the amount is not known, Ihe legacy is treated as a contingent asset. 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. 16-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {Continuedl 1.5 Resources expended Expenditure is recognised once there is a legal or conslruclive obligation lo 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. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cosl or valuation, net of depreciation and any impairment losses. Only assels 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.. Freehold land and buildings Fixtures, fittings and equipment IT equipment and software Motor vehicles 2Q/o Straight line 15 % reducing balance 250/0 slraighl line 250/0 reducing balance 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. 1.7 Impairment of fixed assets At each reporting end dale, 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 indulion exists. the recoverable amount of the asset is estimated in order to determine the extenl of the impairment loss lif any). Recoverable amount is the higher of fair value less costs lo sell and value in use. In assessing value in use, Ihe eslimated future cash flows are discounted lo Iheir 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 eslimaled to be les5 than its carrying amount, the carrying amounl of the asset is reduced lo ils recoverable amount. An impairment loss is recognised immediately in incomel lexpendilure for the year, unless the relevant asset is carried at a revalued amount. in which case the impairmenl105S 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 Ios5 SLJbsequently reverses, the carrying amount of the asset is increased to the revised estimate of 115 recoverable arnount, bul so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairmenl loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless Ihe relevant assel is carried in at a revalued amount, in which case the reversal of the impairment loss IS treated as a revaluation increase. 17-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.8 Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable value is the estimated selling price less all estimated costs of completion and costs lo be incurred in marketing. selling and distribution. Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet purposes. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposlts held al call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 FinancTal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instrumenls. Financial instrumenls 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 nel basis or lo realise the asset and setue the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at Iransaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement oonslitules a financing transaction, where the debt inslrumenl is measured al the presenl value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, Using the effective interesl rale method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounls payable are classified as current liabilities if payment is due within one year or less. If not, Ihey are presented as non-currenl liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost Using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity s contractual obligations expire or are discharged or cancelled. 18-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {Continued) 1.11 Taxation No provision is required for taxation as the company is defined as a Gharily for taxation purposes. 1.12 Employee benefits The cosl of any unused holiday enlillement is recogni5ed 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 lo terminate the employmenl of an employee or to provide lerminalion benefits. 1.13 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accounting estimates and judgements In the application of the charity's accounting policies, Ihe Iruslees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities Ihat are not readily apparent from other sources. The estimates and associaled 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 Ihe period of the revision and future periods where the revision affects both current and future periods. During the current financial year, no critical accounling eslimales or judgements were made by Ihe Directors. Donations and legacies Unrestricted Restricted funds funds general 2023 Total Unrestricted Restricted funds funds general 2022 Total 2023 2023 2022 2022 Donations and gifts 107,131 462,373 569.504 141,347 491,304 632,651 Donations and gifts Donations and grants Gift aid 96,046 11,085 462,373 558.419 11,085 126,752 14,595 491,304 618,056 14,595 107,131 462,373 569,504 141,347 491,304 632,651 19-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charitable activities 2023 2022 Reset subscription Housing benefit l Rent Portrush Road service charge Housing deposit scheme Textile recycling Clothing online Clothing site Fuel poverty Household site Counselling - donations Create sales Service invoices Link logs (wholesale) Link logs {retail) Sale of equipmenl 10.119 103,008 4,752 1,189 3,165 15 13,488 3,215 12,236 13.108 43 18,565 73,525 6,470 1,220 9,085 95,196 5,345 1,210 2,648 260 8,159 15,691 1,820 228 40,545 89,428 62,555 318,119 332,170 Income from othertrading activities Unrestricted Unrestricted funds funds 2023 2022 Fundraising aclivities 34,419 30,135 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 3,233 387 20-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on raising funds Unrestri¢ted Unrestrictsd funds funds 2023 2022 Fundraising and publicity Compassion catering Advertising Other fundraising costs Staff costs Support costs 1,830 1,047 299 59,847 24.180 1,686 1,648 216 33,143 15.343 87.203 52,036 Trading costs Support costs 152 137 Total costs 87,355 52.173 Expenditure on charitsble activities 2023 2022 Direct costs Staff costs Supported housing Causeway foodbank CAP debt centre Link logs Social supermarket Compassion Support Compassion counselling Other projects 419,348 93,208 29,765 7,228 82,228 7,043 17,243 44,506 35,458 284,043 87,881 5,471 10,971 86,446 6,164 8,109 26,854 7,850 736,027 523,789 Share of support and governance Gosts (see note 9) Support Governance 282,394 1,772 219,026 1,963 1,020,193 744,778 Analysis by fund Unreslricled funds Restricted funds 533.068 487.125 391,951 352,827 1,020.193 744.778 21
ids. VINEYARD COMPASSION chartered occountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support Costs Support Governance costs costs 2023 Support Governance costs costs 2022 Staff costs Depreciation Insurance Building Costs Printing, postage and stationary Other expenses Staff and volunteer costs 125,907 69,209 10,101 61,487 125,907 69,209 10,101 61,487 55,449 53,637 9,267 88,452 55,449 53,637 9,267 88,452 1,869 8,364 29,636 1,869 8,364 29,636 2,066 9,902 15,597 2,066 9,902 15,597 Audit fees 1,925 1,925 2,100 2,100 306,573 1,925 308,498 234,370 2,100 236,470 Analysed beeen Fundraising Charitable activities 24,180 282,394 152 1.772 24,331 284,166 15,344 219,026 137 1,963 15,480 220,989 306,574 1.924 308.497 234,370 2,100 236.469 Governance costs includes payments to the auditors of £1,925 for audit fees12022 - £2,100). 10 Net movement In funds 2023 2022 The net movement in funds is stated after chargingl{creditingl'. Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 1,925 69,209 2,100 53,637 11 Trustees None of the trustees received any remuneration or benefits from the charity during the year. During Ihe year persons connected to a trustee of the charity were paid £8,634 {2022 £7,671) by virtue of their employment. 12 Employees The average monthly number employees (excluding directors) during the year was.. 2023 Number 2022 Number 19 16 22-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Employees {Continuedl Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 541,715 37,157 26,230 339,105 17,675 15,855 605,102 372,635 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel. who comprise the senior leadership team, is as follows.. 2023 2022 Aggregate compensation 120,725 35,212 13 Tangible fixed assets Freehold land and bulldlngs Flxturgs, IT equlpment flttlngs and and Soar0 equiprnent Motor v&hlcl8$ Total Cost At 1 January 2023 Additions 1.014,901 161,468 146,701 48,794 4,678 58.192 1,283,355 840 152,219 Al 31 December 2023 1,014,901 308,169 53,472 59.032 1,435,574 Depreciation and impairment Al 1 January 2023 Depreciation Gharged in the year 108.499 20,298 77,698 34,571 37,772 6,568 27,945 7,772 251,914 69,209 At 31 December 2023 128,797 112,269 44,340 35,717 321,123 Carrying amount At 31 December 2023 886,104 195,900 9,132 23,315 1.114,451 At 31 December 2022 906,402 83,770 11,022 30,247 1,031,441 14 Stocks 2023 2022 Raw malerials and consumables 33,720 12,547 -23-
ids. VINEYARD COMPASSION chartered occountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Debtors 2023 2022 Amounts falling due within one year: Trade deblors other debtors Prepayments and accrued income 24,311 12.397 5.471 58,563 24,565 6,361 42,179 89.489 16 Creditors: amounts falling due within one year 2023 2022 Other laxation and social security Trade creditors Other creditors Accruals and deferred income 12,449 3,691 10,888 32,729 11,522 17,413 8,145 23,918 59.757 60,998 17 Retirement benefit schemes 2023 2022 Defined contribution schemes Charge to profit or Ioss in respect of defined contribution schemes 26,230 15,855 The charity operates a defined conlribulion pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. -24-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they may be used. Movement in funds Incomlng Resourcès Balance at resources expended 31 Decemb&r 2023 Balance at 1 January 2023 Comic relief Anonymous Individual Donors Rank Foundation Halifax Garfield Weston Foundation Cash for Kids Benefact Trust Illuminate Counselling NI Housing Executive Tudor Trust Department for Communities Global Make Some Noise Trussell Trust M&S CRT Asda Foundation Probation Board Nl CAP Ulster Bank Causeway Coast & Glens Garfield Weston Foundation Global Make Some Noise GMB Green Pastures Housing 200 86,673 12.692 4,114 3,660 1,320 45,905 2,358 20,924 9,827 13,395 11,077 2,721 1,000 {200) 180,007) {26,148) {4,114) (3.660) (1,055) {45.905) 12.358) {62.206) (9,827) {68,394) (11,077) (54,919) 11,000) {73,406) {300) 14.350) 11,200) 15,000) (22,000) 11,000) 11,000) (8,000) 36,601 29,615 43,267 16,159 265 51,925 10,643 69,976 14,977 98,000 45.802 73,406 300 4,350 1,200 5,000 22,000 1,000 1,000 8,000 60,000 60,000 215.865 462,373 (487,125) 191,113 19 Analysis of net assets belween funds Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current asselsl{liabilities> 1.114,451 161.108 1,114.451 352,221 191,113 1,275.559 191,113 1,466,672 -25-
ids. VINEYARD COMPASSION chartered occountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Analysis of net assets between funds (Continued} Unrestricted funds 2022 Restricted funds 2022 Total 2022 At 31 December 2022: Tangible assets Current assetsl(liabililies) 1,031.441 401.639 1.031,441 617,504 215,865 1,433,080 215,865 1,648,945 20 Designated funds 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. Movement in funds R&sourcè$ Transfers expended Balancè at 1 January 2023 Balanc& at 31 December 2023 Repairs and replacements fund Site improvements 32,000 40,000 16,000) 12,000 38,000 40,000 72,000 (6,000) 12,000 78,000 21 Financial commitments, guarantees and contingent liabilities Certain grants received and receivable may become repayable lo the funder if the charity is no longer able lo 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 as lo the liabilities that may arise. 22 Operating lease commitments Lessee Al the reporting end dale the charily had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows.. 2023 2022 Within one year Between two and five years In over five years 100 400 1,000 100 400 1,100 1,500 1,600 -26-
ids. VINEYARD COMPASSION chartered occountonts NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 23 Related party transactions Remuneration of key management personnel The remuneration of key management personnel, who comprise the senior leadership team, is as follows- 2023 2022 Aggregate compensation 120,725 35,212 Transactions with related parties During the year the charity entered into the following transactions with relaled parties.. Included within expenditure on charitable activities were amounts totalling £4,136 {2022 £1,209) paid lo Lynas Foodservice Limited, a company in which Mr Andrew Lynas is a director. The amount owing al the year-end and included in trade creditors was £137 (2022 - £408). Included within charilable aclivities were amounts tolalling £49,556 {2022 £54,648) received from Lynas Foodservice Limited, a company in which Mr Andrew Lynas 15 a director. The amount owed al the year-end and included in trade debtors was £18,163 (2022 - £41,546). Included within expenditure on charitable aclivilies were amounts totalling £4,523 {2022 £5,128} paid lo FLJelwise Network Limited, a company in which Mr Russell Kelly was a director unlil 20 October 2023. The amount owing at the year-end and included in trade creditors was £448 (2022 - £612). Included within shared services were amounts tolalling £35,900 {2022 £57,200} paid to Causeway Coast Vineyard Church. a charity with Ihe same directors. The amount owing at the year-end and included in accruals was £6,400 {2022- £7.800). Included within professional fees were amounts lotalling £nil {2022 - £1,950) paid to Spark Coaching, a company in which Prof. Kari5e Hulchinson's husband is a director. There were no amounts outstanding at the year end. Included within other debtors were amounts tolalling £7.514 (2022 - £6,352) for Love Christmas Grant owed from Causeway Coast Vineyard Church, a charity wilh the same directors. Included within income were amounts totalling £2,26712022 £nil} for Fuel povety Offering from Causeway Coast Vineyard Church, a charity with the sarne directors. There were no amounts oulstanding at the year end. Included within other creditors were amounts lolalling £nil (2022 - £8371 for Love Ukraine Grant owed to Causeway Coast Vineyard, a charity with the same directors. Expenditure for Love Ukraine Grant from Causeway Coast Vineyard was £2,768 (2022- £837). Included within other creditors were amounts tolalling £3,635 (2022 - £nil) for pension contributions owed to Causeway Coast Vineyard, a charity with the same directors. -27-
ids. VINEYARD COMPASSION chartered occountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 24 Cash generated from operations 2023 2022 (Deficit)Isurpus for the year {182,273) 198,392 Adjustments for.. Investment income recognised in statement of financial aclivities Depreciation and impairment of tangible fixed assets (3,233) 69,209 (3871 53,637 Movements in working capital.. {Increase)Idecrease in stocks Decreasellincrease} in debtors {Decreasellincrease in creditors 121,173) 47,310 (1,241) 16,487 {45,216} 23,387 Cash (absorbed by}Igenerated from operations 191,401) 246,300 25 Analysis of changes in net funds At 1 January 2023 ash flows At 31 December 2023 Cash at bank and in hand 578,466 1240,387) 336,079 578,466 1240,387) 336,079 -28-