ids. chartered accountants Company Registration No. N1613839 (Northem Ireland) VINEYARD COMPASSION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG
ids. VINEYARD COMPASSION chartered accountants CONTENTS Page Legal and administrative infomiation Trustees, report Independent auditorfs report 10-12 Statement of financial activities 13 Balance sheet 14 Statement of cash flows 15 Notes to the financial statements 16-29
ids. VINEYARD COMPASSION chartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrA R Lynas Mr P R Lynas Mr D P Wright Prof. K C Hutchinson Mr D Mcmullan Mrs L Bell (Appointed 4 October 2024} (Appointed 12 January 2025) Secretary Mr P R Lynas Charity number NIC100508 Company number N1613839 Registered office 10 Hillmans Way Ballycastle Road COLERAINE Co Londondery BT52 2ED Auditor IDS CharteredAccountants LLP 23125 Queen Street COLERAINE Co Londondery BT52 1 BG Bankers Danske Bank Ballymena Business Cerrtre BALLYMENA Co Antrim BT43 5BY Solicitors Macaulay Wray 35 New Row COLEFIAINE Co Londondery BT52 1AH
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and finanaal statements for the year ended 31 December 2024. 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 chanty's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" Objectives and activities The principal activity of the charity continued to be the provision of social relief within the community. Vineyard Compassion is a charity based in Coleraine. We aim to support people, "from crisis to full potential. by providing practical support for the poor. whilst empowering them to tackle the underlying root causes of povety. Our catchment 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, although most are local. Povety in this region is much higher than the Northern Ireland average with 27.50h of people and 30.90A of children living in povety. Coleraine includes some of the most deprived wards in Northern Ireland. The most vulnerable people in our community are faced fjth a complex set 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 wthout the bare essentials such as a home, food, clothes and heating. Recognising the significant deprivation in the local area and motivated to support the m05t vulnerable in society, Vineyard Compassion was established. The charity takes a Multi-fated approach to tackling poverty, seeking to maximise the potential for lasting transformation. Its programmes are making a real difference. We have been privileged to see dignity and hope restored to thousands of vulnerable people who were trapped in cycles of poverty. The support Vineyard Compassion offers is available at no cost, to everyone in the community regardless of belief, sexual orientation, race or nationality. Vineyard Compassion's vision is to have- "a transfonned and thriving community where poverty 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 need, while empowering them to tackle the underlying root causes of povertw. 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, dothing, emergency housing, emotional support or debt counselling, where individuals lack the resour to meet their own needs. 2. EMPOWERMENT.. we empower people to tackle the undedying root causes of poverty. For example, teaching budgeting skills, building capacity within dients to break the cyde of povety, moving from dependency towards greater independence. 3. EMPLOYMENT: we support people on a joumey towards employment that is fulfilling. We know that work is the best route out of povety. not only providing financially, but building confidence and self- esteem, improving mental health and providing greater community. Staff assisted by a team of over 200 volunteers support the vrk. Many volunteers are former clients who are now in a position to help others. We were delighted to receive the Queen's Award for Voluntary SeNice 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 2024 The charity works alongside agencies and statutory bodies wth the goal of tackling povety. It receives referrals from and signposts clients to these organisations for specialist support. These indude government departments such as Health, Communities and Justice, the Probation Board, Prison SeNice, Housing Executive and local councils along with many charities including the Simon Community and St Vinnt 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 to find help for the whole person. Compassion Support - the Compassion Support team connects with all new dients. Through tailor- made support plans clients 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 Supemiarket - provides six months of Iow-COSt food along with support services, courses and training to enable people to reset their priorities of food, finance and future stability CAP Centre- provides money management courses and one to one budgeting Link Logs offers a voluntary work placement designed to increase Confidence, skills and employability. This mentor led environment operates within a social enterprise structure. Some referrals come from the Probation Board for community service and prisoners on day release Compassion Housing - provides short-temi emergency accommodation for homeless people along with care, support and supervision from Housing Support Workers. Referrals come from the Housing Executive. Vineyard Compassion's values support people in a prOsS of transformation from dependence to independence. The different values build upon each other.. you need worth to have hope. You need hope to have meaningful relalionships. You need relationships to deal with the range of complex issues in your life You need a holistic solution to be fully empowered. Worth - ALL people are welcome, are valuable and deserve to be treated wtth 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 to meet the needs of the whole person - financial. emotional, practical and spiritual - not just their presenting problem. Empowennent - we encourage people to develop skills that equip them to meet their own needs and break the cycle of poverty - moving from a place of dependence to independen. Achievements and performance Throughout 2024 the impact of the Cost-of-Living Crisis continued to affed more and more families across 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 to face impossible decisions on whether to 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 2023, Vineyard Compassion experienced an Unpredented surge in demand for its seNices. This momentum continued into 2024, with our Foodbank and Clothing bank serving more individuals in need compared to the previous year. Additionally, our Open Door drop-in sessions received more footfall over the past 12 months. 2024 also marked the continued growth of asylum seekers placed on the North Coast, across Portstewart, Portrush and Coleraine. Vineyard Compassion has the privilege of supporting these individuals and working alongside statutory and communtyfvoluntary agencies to deliver coordinated support.
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Collaboration and working in partnership are key values for Vineyard Compassion to 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 communitylvoluntary organisations. One collaborative initiative was hosting an event at Vineyard in October 2024 to highlight the impact of the growing Housing Crisis on the North Coast bringing together decision makers in the housing sphere to workshop creative solutions for this issue. Vineyard Compassion seeks to avoid duplication in Servi 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 sustainable and effective way. In a recent survey, 920A of clients described Vineyard Compassion's support as "life transforming" or "a great help" 97 % said since working with Wineyard Compassion they were 'hopeful more confident. and 'atle to face their problems". Two clients surveyed stated.. "If it hadn't been for the help and support l 1Ved from Vineya1 Compassion, I would either be dead or in jail." "The support I recewed has given me light at the end of the tunnel. I'm making good progress with paying off my debts and improving my mental health."
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review The results for the year are set out on page 13. The charity returned net incoming resources for the year of £52.972 (2023 net outgoing resources of £273,753). At 31 December 2024 the total fvnds of the charity amounted to £1.428,164 (2023 - £1.375,192) comprising restricted funds of £274,758 {2023 - £116,137), and unrestrictedldesignated funds of £1,153,406 (2023- £1,259,055). The spread of income and expenditure by source is shown in the followng graphs: Income by Source (£OOOs) 7iXJ 2C ify) lThYpithl OrKanoKrs SCCA EnteYpr5e & Oth¥ Tiadir • 2024 • 2023
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Income by Source 2024 Sc£ial Ertprse & Other Trnjir Ott Expenditure by Activity 2024 . Comp&s1 9Jrp)rt • LI LoE5 CowsetliiE ptsusirg C*btCattre Sc(ia Ots prq SLfWrt & G%nae The principal risk faced by the charity continues to be the potential of receiving insufficient funds to continue its activities. The charity seeks to mitigate this risk in the foll0vng ways.. Unrestricted reserves are held which are sufficient to cover. the Continuan of operations given a 250 reduction in unrestricted and project income, for a period of 3-6 months, and any specffic liabilities which are outside of the normal scope of activities., Wherever possible, projects are developed and structured to be self-sustaining and therefore have the potential to continue for the long term without extemal ndIng., The charity is continuing to develop its fundraising strategy to continue to diversify core funding sources and therefore avoid any over-reliance on a small number of fvnders.
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Total unrestricted reserves (comprising of cash and debtors, less short-temi liabilities) were £62,666 (2023 as restated £30,299). Based on the 2025 budget. the range of reserves considered by the trustees to be adequate is beeen £113K - £227K. Unrestricted reserves are currently below this range. Trustees focus in budgeting and planning going fOard is to build the unrestricted reserves towards the 3 month run rate, but ideally the 6 month amount. Trustees may choose to invest some or all the reserves to obtain a financial retum for the charity, ensuring an acceptable level of investment risk and that any reserves are invested in a way can be readily realised as cash, when needed. Plans for future periods Vineyard Compassion has continued to develop various partnerships and collaborative projects. A key milestone was the initiation of an Anti-Poverty Network of which Vineyard Compassion is a founding member and one of the main delivery agents. This network was spearheaded by Causeway Coast and Glens Council with input 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 outworked in the years ahead. This will be a key emphasis for Vineyard Compassion, to work strategically in partnership with other local organisations with the shared goal of tackling povety and social deprivation. A consortium has been created among network members to offer holistic wraparound support to people in crisis. which was piloted in 2021 and y11 continue into 2025. We also developed a new 'Outcomes I Impact Framework. to better idents'fy 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 2025. Due to the drop in grant funding during 2024, Vineyard Compassion has had to look at various cost saving measures, looking at greater efficiencies while maintaining our effectiveness. VlIe we have had to pull back some of our services, we are confident that we can continue to provide that immediate relief to people in crisis. Alongside increasing efficiencies, we wll also continue to grow and develop our Fundraising Strategy so that there 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 our individual donations, while growing our social enterprises to fomi a larger perntage of our overall income. We are confident that these plans wll be realised. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. New trustees will receive appropriate induction and relevant training.
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance 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 vh)ich established the objectives and powers of the company and is governed by its Articles of Association. The liability of its members is limited in that every member of the company undertakes to contribute an amount not exceeding £1 in the event of the company being wound up. The trustees, who are also the directors for the purpose of company law, and who Seed during the year and up to the date of signature of the financial statements were= MrA R Lynas Mr P R Lynas Mr D P Wright Prof. K C Hutchinson Mr D Mcmullan Mrs L Bell (Appointed 4 October 2024) (Appointed 12 January 2025) New directors are appointed when appropriate. Suitable candidates are considered on the basis of their skills, experience and sympathy with the aims of the charity. New directors will be agreed at a board meetng 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 to. Vineyard Compassion was birthed from Causeway Coast Vineyard church {CCV) and has the same trustees. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what adivities the charity should undertake. New trustees will receive appropriate induction and relevant training. We have a risk management assurance framework in operation. This Covers areas such as safeguarding processes for children and vulnerable adults, staff training and development, health and safety for staff and public around the site as well as HR. IT and financial risks (covered by our reserves policy} Two of our board members sit on a risk management sutrTrcommittee alongside the Operations Director. Any risks are raised, discussed and measures put in place to mitigate the risk. Risk is a standing agenda item on our board meetings and the risk management assurance framework is reviewed formally at the board meeting every six months. 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).
ids. VINEYARD COMPASSION chartered accountants TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of trustees. responsibilities The trustees, who are also the directors of Vineyard Compassion for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSoUrS and application of reSoUrs, induding the income and expenditure, of the charitable company for that year. In preparing these financial statements. the trustees are required to= select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.. and prepare the financial statements on the going ¢oncem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate a¢UntIng records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor In accordance with the company's articles, a resolution proposing that IDS Chartered Accountants LLP be reappointed as auditor of the company v4ill be put at a General Meeting. Disclosure of infonnation to auditor Each of the trustees has confirmed that there is no informats'on of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such infomiation. This report has been prepared in accordan with the provisions applicable to companies entitled to the small companies exemption. The trustees, report was approved by the Board of Trustees. Petek L 112.4 Its.'J)55 GMT*ll Mr P R Lynas Trustee Dated: 16 September 2025
ids. VINEYARD COMPASSION chartered accountants INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF VINEYARD COMPASSION Opinion We have audited the financial statements of Vineyard Compassion (the 'charity') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the state of the charitsble company's affairs as at 31 Dember 2024 and of its total incoming resources and expenditure of resources, induding its income and expenditure, for the year then ended., have been properly prepared in accordance yth United Kingdom Generally Accepted Accounting Practi. and have been prepared in accordance v4ith the requirements of the Charities Act (Northem Ireland) 2008. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditoffs responsibilities for the audit ol the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard, and we have lfilled our other ethical responsibilities in accordan 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 ncluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material UnrtaIntieS relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilits-es of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for Ihe other information. The other infomiation comprises the infomation included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other infomiation and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audit or othemse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstalement of the other information. If. based on the work we have perfomied, 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 to which the Charities (Accounts and Reports} Regulations (Northern Ireland) 2015 require us to report to you if, in our opinion.. the information given in the financial statements is inconsistent in any material respect with the trustees, report., or the charitable company has not kept adequate accounting records., or the financial statements are not in agreement with the accounting records and returns., or we have not received all the information and explanations we require for our audit. 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 law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal 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 statements, Ihe trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditors responsibilities for the audit of the financial statements We have been appointed as auditors under section 65 of the Charities Act (Northem 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 misslatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance th ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these finanaal statements. Irregularities, including fraud. are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect malerial misstatements 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 competen, capabilities and skills to identify or recognise non-compliance with laws & regulations- we identified the laws and regulations applicable to the charity through discussions with trustees and other management, and from our commercial knowledge and experience of the sector., we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, antibribery, employment, environmental and health and safety legislation., we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence. identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 11
ids. VINEYARD COMPASSION chartered accountants INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF VINEYARD COMPASSION We assessed the sUsptibIlity of the charitys finanaal statements to material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was susceptibility to fraud, their knoedge of actual. suspected and alleged fraud: considering the intemal controls in place to mitigate risks of fraud and non-compliance with laws and regulations., and performing analytical procedures to identify any unusual or unexpected relationships., reviewing joumal entries to identify unusual transactions- assessing whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias- investigating the rationale behind any significant or unusual transactions. In response to the risk of irregularities and n0Complian wth laws and regulations, we designed procedures which included, but were not limited to.. agreeing financial statements disclosures to underlying supporting documentation., reading the minutes of meetings of those board of trustees- enquiring of management as to actual and potential litigation and claims- reviewing legal correspondence. There are inherent limitations in our audit procedures described above. The more removed laws and regulations are from financial transactions, the less likely it is that we would become aware of non-complian. Auditing standards also limit the audit procedures required to identify non-complian with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibiltties is available on the FRC'5 website athttps'.Ilwww.frc.org.ukJauditorslaudit- assurance-ethicslauditors-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 accordan with Part 4 of the Charities (Accounts and Reports} Regulations (Northem Ireland) 2015. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law. we do not acpt or assume responsibility to anyone other than the charity and the charity s trustees as a body, for our audit work, for this report, or for the opinions we have formed. Alison Wallace IDS Chartered Accountants LLP Statutory Auditor 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG 16 September 2025 IDS Chartered Accountants LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a Company under section 1212 of the CompaniesAct 2006. 12-
ids. VINEYARD COMPASSION chartered accountants STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes as restated Income from: Donations and legacies Charitable activities Other trading activities Investments 114,082 270,839 33.905 4.053 673,913 787,995 270,839 33,905 4.053 107,131 318,119 34,419 3,233 370,893 478,024 318,119 34,419 3,233 Total income 422.879 673,913 1.096.792 462.902 370,893 833,795 Expenditure on: Raising funds Charitable activities 56,333 472.195 56,333 987.487 87,355 549.572 87.355 1,020.193 515,292 470,621 Total expenditure 528,528 515,292 1,043,820 636,927 470,621 1,107,548 Net in¢omel(expenditure) and movement in funds (105.649) 158,621 52,972 (174,025) (99,728) {273,753) Reconciliation of funds: Fund balances at 1 January 2024 1,259,055 116,137 1,375,192 1,433,080 215,865 1,648,945 Fund balances at 31 December 2024 1,153.406 274,758 1.428.164 1,259,055 116,137 1,375,192 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 accountants BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 as restated Notes Fixed assets Tangible assets 14 1,059,051 1,114,451 Current assets Stocks Debtors Cash at bank and in hand 15 16 11.689 49,276 387,396 33,720 42,179 336,079 448.361 411,978 Creditors: amounts falling due within one year 17 (79,248) (151,237) Net current assets 369,113 260,741 Total assets less current liabilities 1,428,164 1,375,192 The funds of the charity Restricted income funds Unrestricted funds 19 274.758 1,153.406 116,137 1,259,055 1,428.164 1,375.192 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024, although an audit has been carried out under section 65 d the Charities Act (Northem Ireland) 2008. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounb'ng records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial ststements under the requirements of the Companies Act 2006. for the year in question in accordance viith section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 16 September 2025 15 10.'35.'55 GMT*ii Mr P R Lynas Trustee li 2'-2i LO.-4&-33 GMT¥II ro<k(è Viutchinson Trustee Company registration number N1613839 (Northem Ireland) 14-
ids. VINEYARD COMPASSION chartered accountants STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash generated froml(absorbed by) operations 25 52,432 {91,401) Investing activities Purchase of tangible fixed assets Investment income received (5.168) 4.053 (152.219) 3.233 Net cash used in investing activities {1.115) (148.986) Net cash used in financing activities Net increasel(decrease) in cash and cash equivalents 51.317 {240,387) Cash and cash equivalents at beginning of year 336.079 576.466 Cash and cash equivalents at end of year 387,396 336,079 Relating to: Cash at bank and in hand 387,396 336,079 15-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information Vineyard Compassion is a private company limited by guarantee incorporated in Northem Ireland. The registered office is 10 Hillmans Way, Ballycasde Road, COLERAINE, Co Londonderry, BT52 2ED. 1.1 Accounting convention The financial statements have been prepared in accordan with the charity's memorandum. the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102°) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in steding. which is the nCtIOnal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical Cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Prior period error The accounts to 31 December 2024 contain a prior year adjustment. Income was overststed by £91,480 due to an accounting error in identifying deferred income. 1.3 Going concem 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 concem basis of accounting in preparing the financial statements. 1.4 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran 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 specific 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 restricted funds are set out in the notes to the financial statements. 1.5 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 Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or othenmse if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Tumover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nomial course of business. 16-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinued) 1.6 Resources expended Expenditure is recognised once there is a legal or constructive obligats'on to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Only assets with a value of £500 or more are capitalised. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Freehold land and buildings Fixtures, fittings and equipment IT equipment and sofvrfare Motor vehicles 20A straight line 150h reducing balance 250A straight line 250A reducing balan The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. 1.8 Impairment of fixed assets At each reporting end date, the chartty reviews the carrying amounts of tts tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any such indution exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss (if any). Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impaimient loss is recognised immediately in incomel (expenditure for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed rf, and only if, the aSOnS for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been detemiined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount. in which case the reversal of the impairment loss is treated as a revaluati)n increase. 17-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinued) 1.9 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 replament cost and cost. Net realisable value is the estimated selling price less all estimated costs of completion and costs to 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. 1.10 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.11 Financial instruments The charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilrties are offset, with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which indude debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as n0n-cuent 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 2024 Accounting policies Icontinued) 1.12 Taxation No provision is required for taxation as the company is defined as a charity for taxation purposes. 1.13 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.14 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 charitys accounting policies. the trustees are required to make judgements, estimates and assumptions aboLrt the carrying amount of assels and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects ClY that period, or in the period of the revision and fvture periods where the revision affects both current and future periods. During the current financial year, no critical accounting estimates orjudgements were made by the Directors. 19-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Prior period adjustment Changes to the balance sheet At 31 December 2023 As previously Adjustment reported As restated Creditors due within one year Deferred income (91,480) {91.480) Capitsl funds Income funds Restricted funds Unrestricted funds 191,113 1.275,559 (74,9761 (16,504) 116,137 1,259,055 Total equity 1.466,672 (91,480) 1,375.192 Changes to the profit and loss account Period ended 31 December 2023 As previously Adjustment As restated reported Donations and legacies 569,504 (91,480) 478,024 Net movement in funds (182,273) (91,480) {273.753) Donations and legacies Unrestricted Restricted funds funds general 2024 Total Unrestricted Restricted funds funds general 2023 Total 2024 2024 2023 2023 Donations and gifts 114,082 673,913 787,995 107,131 370,893 478,024 Donations and gifts Donations and grants Gift aid 101.287 12.795 673.913 775.200 12.795 96.046 11,085 370,893 466,939 11,085 114.082 673.913 787.995 107.131 370,893 478.024 -20-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Fundraising events 33,905 34,419 Charitable activities 2024 2023 Reset subscription Housing benefit l Rent Portrush Road service charge Housing deposit scheme Textile recycling Clothing online Market Household online Fuel povety Household site Counselling - donations Create sales Service invoices Link logs (wholesale) Link logs (retail) Sale of equipment 4,997 109,324 4,673 870 3,463 10,119 103,008 4,752 1.189 3.165 15 13.489 9,995 40 5,157 2,341 10,599 3,215 12,236 13,108 43 18,565 73,525 60,470 1,220 21,862 59,418 38,092 270,839 318,119 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 4,053 3,233 21
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraising and publicity Fundraising agents Advertising Other fundraising costs Staff costs Support costs 1,707 963 652 36,296 16,636 1,830 1,047 299 59,847 24,180 56,254 87,203 Trading costs Governance costs 79 152 Totsl costs 56,333 87,355 Expenditure on charitable activities 2024 2023 Direct costs Staff costs Supported housing Causeway foodbank CAP debt ntre Link logs Social supermarket Compassion Support Compassion counselling Other projects 437,857 90,091 12,632 7,055 64,261 3,062 7,376 45,151 35,143 419.348 93.208 29.765 7.228 82,228 7,043 17,243 44,506 35,458 702,628 736,027 Share of support and governance costs Isee note 11) Support Governan 283,338 1,521 282,394 1.772 987,487 1,020.193 Analysis by fund Unrestricted funds Restricted funds 472,195 515,292 549,572 470,621 987,487 1,020,193 -22-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting)= Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets 1,600 60,568 1,925 69,209 11 Support costs Support Governance costs costs 2024 Support Governance costs costs 2023 staff costs Depreciation Insurance Building Costs Printing, postage and stationary Other expenses Staff and volunteer costs 140,845 60,568 10,553 45,077 140,845 60,568 10,553 45,077 125,907 69,209 10,101 61,487 125,907 69,209 10,101 61,487 3.774 5.073 34.084 3.774 5.073 34.084 1,869 8,364 29,636 1.869 8.364 29.636 Audit fees 1,600 1,600 1,925 1,925 299,974 1,600 301,574 306,573 1,925 308,498 Analysed beeen Fundraising Charitable activities 16,636 283.338 79 1.521 16,714 284.859 24,181 282.394 152 1,772 24,332 284,166 299.974 1.600 301.574 306.575 1,924 308,498 Governance costs includes payments to the auditors of £1.600 for audit fees (2023 - £1,925). 12 Trustees None of the trustees reiVed any remuneration or benefits from the charity during the year. During the year persons connected to a trustee of the charity were paid £0 (2023 - £8,634) by virtue of their employment. 13 Employees The average monthly number employees (exduding directors) during the year was: 2024 Number 2023 Number 21 19 -23-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Employees Icontinued) Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 546,053 39,684 29,261 541,715 37.157 26.230 614,998 605.102 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= 2024 2023 Aggregate compensation 121,500 120,725 14 Tangible fixed assets Freehold land and buildings Fixtures. IT equipment fittings and and 50fbhYare equipment Motor vehicles Total Cost At 1 January 2024 Additions 1.014.901 308,169 4.290 53,472 878 59,032 1,435,574 5,168 At 31 December 2024 1.014.901 312,459 54,350 59,032 1,440.742 Depreciation and impaimient At 1 January 2024 Depreciation charged in the year 128.797 20.298 112,269 30,028 44,340 4,413 35,717 5,829 321,123 60,568 At 31 December 2024 149.095 142,297 48,753 41,546 381,691 Carrying amount At 31 December 2024 865.806 170,162 5,597 17,486 1,059.051 At 31 December 2023 886,104 195,900 9,132 23,315 1,114,451 15 Stocks 2024 2023 Raw materials and consumables 11,689 33,720 -24-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Debtors 2024 2023 Amounts falling due within one year: Trade debtors other debtors Prepayments and accrued income 14,069 10,529 24,678 24,311 12,397 5,471 49,276 42,179 17 Creditors: amounts falling due within one year 2024 2023 Notes Other taxation and social security Deferred income Trade creditors Other creditors Accruals 6,353 53,032 3,619 2,502 13,742 12,449 91,480 3,691 10,888 32,729 79,248 151,237 18 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge lo profit or loss in respect of defined contribution schemes 29,261 26,230 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fvnd. -25-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 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 to how they may be used. Movement in funds Incoming Resources Balance at expended 31 December 2024 Balance at 1 January 2024 Nationwide Anonymous Individual Donors Rank Foundation Tudor Trust CRT Cash for Kids Probation Board Nl Garfield Weston Trust Nl Housing Executive Causeway Coast & Glens Department for Communities TBF Thompson Trust Trussell Trust B&Q Foundation Leeds Building Society Blairs Trust Ardbarron Trust 7Stars Foundation 42,000 24,058 16,222 52,500 20.508 (30,0001 (62,8411 (25,6371 (52,500) (20,508) (75) (18,250) (15,000) (44,373) (43,952) (61,929) (4,0001 (104,842) (10,000) 12,000 4,485 6,744 43.268 16.159 265 190 18,250 15,000 35,585 43,952 61,929 4,000 307,527 10,000 997 5,000 15,000 1,385 10,643 1,855 45,802 248,487 997 (5,0001 (15,0001 (1,385) 116.137 673.913 (515,292) 274.758 20 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assetsl{liabilities) 1,059,051 94,355 1,059,051 369,113 274,758 1,153,406 274,758 1,428,164 -26-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Analysis of net assets between funds Icontinued) Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsl{liabilities) 1.114,451 144.604 1,114,451 260.741 116.137 1,259.055 116.137 1,375.192 21 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 Balance at Transfers 1 January 2024 Balance at 31 December 2024 Repairs and replacements fvnd Site improvements 38,000 40.000 (28,000) (30,000) 10.000 10.000 78,000 (58,000) 20,000 22 Financial commitments, guarantees and contingent liabilities Certain grants received and receivable may become repayable to the nder if the charity is no longer able to meet the conditions under which they were awarded. Due to the nature of these contingencies, it is not possible to quantify the potential effect or give an indication of timing as to the liabilities that may arise. 23 Operating lease commitments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows= 2024 2023 Within one year Beeen two and five years In over five years 100 400 900 100 400 1.000 1.400 1.500 -27-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Related party transactions Remuneration of key management personnel The remuneration of key management personnel, who comprise the senior leadership team, is as follows.. 2024 2023 Aggregate compensation 121,500 120,725 Transactions with related parties During the year the charity entered into the following transactions with related parties= Included wthin expenditure on charitable activities were amourrts totalling £2,747 (2023 - £4,136) paid to Lynas FoodseNice Limited, a company in which Mr Andrew Lynas is a director. The amount owing at the year-end and included in trade creditors was £175 (2023 - £137). Included within charitable activities were amounts totalling £33,799 (2023 - £49,556} received from Lynas Foodservice Limited, a company in which Mr Andrew Lynas is a director. The amount owed at the year-end and included in trade debtors was £9.919 (2023- £18.163). Included within expenditure on charitable activities were amounts totalling £0 (2023 - £4,523) paid to Fuelwise Network Limited, a company in which Mr Russell Kelly was a director until 20 October 2023. The amount owing at the year-end and included in trade creditors was £0 (2023- £448). Included wthin shared services were amounts totalling £26,000 (2023 - £35,900) paid to Causeway Coast Vineyard Church, a charity wth the same directors. The amount owng at the year-end and included in accruals was £012023 - £6,400). Included within other debtors were amounts totalling £1,000 {2023 £7,514) for Love Christmas Grant owed from Causeway Coast Vineyard Church. a charity with the same directors. Included within income were amounts totalling £0 (2023 £2,267) for Fuel poverty Offering from Causeway Coast Vineyard Church, a charity with the same directors. There were no amounts outstanding at the year end. Expenditure for Love Ukraine Grant from Causeway Coast Vineyard was £0 (2023 - £2,768). Included within other creditors were amounts totalling £0 (2023 £3,635) for pension contributions owed to Causeway Coast Vineyard, a charity with the same directors. -28-
ids. VINEYARD COMPASSION chartered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 25 Cash generated fromllabsorbed by) operations 2024 2023 Surplusl{defi¢it) for the year 52,972 (273,753) Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets (4,053) 60,568 {3,233) 69,209 Movements in working capital: Decreasel(increase) in stocks (Increase}Idecrease in debtors (Decrease) in creditors (Decrease)lincrease in deferred income 22.031 (7.097) (33,541) (38.448) {21.173) 47.310 {1.241) 91.480 Cash generated froml{absorbed by) operations 52,432 {91,401) 26 Analysis of changes in net funds At 1 January 2024 Cash flows At 31 December 2024 Cash at bank and in hand 336,079 51,317 387,396 336,079 51,317 387,396 -29-