## **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... Page 11 ## **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... Page 13 **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... Page 14 ## **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... Page 15 ## **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... Page 16 ## **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. Page 19 ## **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 Page 20 ## **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 Digitally signed by SuiteFiles Document Signing Date: 2024.04.30 10:52:56 +00:00 Reason: Signature requested Location: User IP : 81.144.162.34 SuiteFiles Document Signing