2023-08-31-accounts - Carrickfergus Vineyard Church

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Carrickfergus Vineyard Church

Statement of Financial Activities for the Year Ended 31 August 2023

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 177,870 Investment income 2 191 Total 178,061 EXPENDITURE ON Charitable activities Direct costs 73,684 Support costs 114,781 Total 188,465 NET INCOME/(EXPENDITURE) (10,404) Transfers between funds 10 1,930 Net movement in funds (8,474) RECONCILIATION OF FUNDS Total funds brought forward 65,315 TOTAL FUNDS CARRIED FORWARD 56,841	Restricted funds £ 5,706 299 6,005 4,255 - 4,255 1,750 (1,930) (180) 63,162 62,982	31.8.23 Total funds £ 183,576 490 184,066 77,939 114,781 192,720 (8,654) - (8,654) 128,477 119,823	31.8.22 Total funds £ 185,951 16 185,967 67,912 105,052 172,964 13,003 - 13,003 115,474 128,477

The notes form part of these financial statements

Page 10

Carrickfergus Vineyard Church

Balance Sheet 31 August 2023

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 1,157 CURRENT ASSETS Debtors 8 3,194 Cash at bank 54,506 57,700 CREDITORS Amounts falling due within one year 9 (2,016) NET CURRENT ASSETS 55,684 TOTAL ASSETS LESS CURRENT LIABILITIES 56,841 NET ASSETS 56,841 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - 294 62,688 62,982 - 62,982 62,982 62,982	31.8.23 Total funds £ 1,157 3,488 117,194 120,682 (2,016) 118,666 119,823 119,823 56,841 62,982 119,823	31.8.22 Total funds £ 1,444 1,361 127,184 128,545 (1,512) 127,033 128,477 128,477 65,315 63,162 128,477

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

continued...

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Carrickfergus Vineyard Church

Balance Sheet - continued 31 August 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 April 2024 and were signed on its behalf by:

Mr S W Milburn - Trustee

The notes form part of these financial statements

Page 12

Carrickfergus Vineyard Church

Notes to the Financial Statements for the Year Ended 31 August 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

20% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

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Carrickfergus Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

2. INVESTMENT INCOME

----- Start of picture text -----
|||| |---|---|---| |31.8.23|31.8.22| |£|£| |Deposit account interest|490|16| |NET INCOME/(EXPENDITURE)| |Net income/(expenditure) is stated after charging/(crediting):| |31.8.23|31.8.22| |£|£| |Depreciation - owned assets|287|359| |TRUSTEES' REMUNERATION AND BENEFITS| |31.8.23|31.8.22| |£|£| |Trustees' salaries|22,523|22,063| |Trustees' social security|447|760| |Trustees' pensions paid|676|662| |23,646|23,485|

----- End of picture text -----

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |31.8.23|31.8.22| |Pastoral and administration|5|5|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

continued...

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Carrickfergus Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
170,399
15,552
Investment income
3
13
Total
170,402
15,565
EXPENDITURE ON
Charitable activities
Direct costs
64,487
3,425
Support costs
105,052
-
Total
169,539
3,425
NET INCOME
863
12,140
Transfers between funds
(2,354)
2,354
Net movement in funds
(1,491)
14,494
RECONCILIATION OF FUNDS
Total funds brought forward
66,806
48,668
TOTAL FUNDS CARRIED
FORWARD
65,315
63,162

Total
funds
£
185,951
16
185,967
67,912
105,052
172,964
13,003
-
13,003
115,474
128,477

continued...

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Carrickfergus Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

7. TANGIBLE FIXED ASSETS

7.	TANGIBLE FIXED ASSETS
			Fixtures
			and
			fittings
			£
	COST
	At 1 September 2022 and
	31 August 2023		5,336
	DEPRECIATION
	At 1 September 2022		3,892
	Charge for year		287
	At 31 August 2023		4,179
	NET BOOK VALUE
	At 31 August 2023		1,157
	At 31 August 2022		1,444
8.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Other debtors	31.8.23 £ 2,909	31.8.22 £ -
	Prepayments	579	1,361
		3,488	1,361
9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Pensions	31.8.23 £ 521	31.8.22 £ 432
	Accruals and deferred income	1,495	1,080
		2,016	1,512

continued...

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Carrickfergus Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

10. MOVEMENT IN FUNDS

Net
movement
At 1.9.22
in funds
£
£
Unrestricted funds
General fund
65,315
(10,404)
Restricted funds
Building fund
52,276
3,862
Compassion
10,886
(2,112)
63,162
1,750
TOTAL FUNDS
128,477
(8,654)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
178,061
Restricted funds
Building fund
3,862
Compassion
2,143
6,005
TOTAL FUNDS
184,066
Comparatives for movement in funds
Net
movement
At 1.9.21
in funds
£
£
Unrestricted funds
General fund
66,806
863
Restricted funds
Building fund
35,426
14,496
Compassion
13,242
(2,356)
48,668
12,140
TOTAL FUNDS
115,474
13,003

Transfers
between
At
funds
31.8.23
£
£
1,930
56,841
(1,930)
54,208
-
8,774
(1,930)
62,982
-
119,823
Resources
Movement
expended
in funds
£
£
(188,465)
(10,404)
-
3,862
(4,255)
(2,112)
(4,255)
1,750
(192,720)
(8,654)
Transfers
between
At
funds
31.8.22
£
£
(2,354)
65,315
2,354
52,276
-
10,886
2,354
63,162
-
128,477

continued...

Page 17

Carrickfergus Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Building fund Compassion TOTAL FUNDS	Incoming resources £ 170,402 14,496 1,069 15,565 185,967	Resources Movement expended in funds £ £ (169,539) 863 - 14,496 (3,425) (2,356) (3,425) 12,140 (172,964) 13,003

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund Restricted funds Building fund Compassion TOTAL FUNDS	At 1.9.21 £ 66,806 35,426 13,242 48,668 115,474	Net movement in funds £ (9,541) 18,358 (4,468) 13,890 4,349	Transfers between funds £ (424) 424 - 424 -	At 31.8.23 £ 56,841 54,208 8,774 62,982 119,823

continued...

Page 18

Carrickfergus Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Building fund Compassion TOTAL FUNDS	Incoming resources £ 348,463 18,358 3,212 21,570 370,033	Resources Movement expended in funds £ £ (358,004) (9,541) - 18,358 (7,680) (4,468) (7,680) 13,890 (365,684) 4,349

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.

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Carrickfergus Vineyard Church

Detailed Statement of Financial Activities for the Year Ended 31 August 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Speakers Costs Kid's Ministry Ministry Worship Out Gifting Venue Support costs Other Trustees' salaries Trustees' social security Trustees' pensions paid Wages Social security Pensions Office Expenses Travel and Subsistence Church Running & Sundry Costs Legal and Professional Costs Depreciation of tangible fixed assets Governance costs Accountancy and legal fees	31.8.23 £ 154,637 28,939 183,576 490 184,066 141 8,266 26,061 3,267 18,238 21,966 77,939 22,523 447 676 71,387 1,563 1,741 3,723 1,052 4,376 5,419 287 113,194 1,587	31.8.22 £ 156,610 29,341 185,951 16 185,967 150 4,905 18,275 511 19,603 24,468 67,912 22,063 760 662 63,316 1,488 1,724 4,049 1,076 3,020 5,311 359 103,828 1,224

This page does not form part of the statutory financial statements

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Carrickfergus Vineyard Church

Detailed Statement of Financial Activities for the Year Ended 31 August 2023 Total resources expended Net (expenditure)/income	31.8.23 £ 192,720 (8,654)	31.8.22 £ 172,964 13,003

This page does not form part of the statutory financial statements

Page 21

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