Company Reglstratlon No. N1068677 (Northern Ireland) ids chartered accountants CAUSEWAYCOAST VINEYARD CHURCH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 IDS Chartered Accountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG
CAUSEWAY COAST VINEYARD CHURCH ids chartered accou ntants CONTENTS Page Legal and administrative information Trustees, report Independ8nt auditor's report 8-10 statement of financial activities 11 Balance sheet 12-13 Slalemenl of cash flows 14 Notes to the financial statements 15-27
CAUSEWAY COAST VINEYARD CHURCH ids chartered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr RJ Kelly MrAR Lynas Mr PR Lynas Mr DP Wright Mr NAWYoung Dr KC Hutchinson Secretary Mr PR Lynas Charlty number NIC101605 Company number N1068677 Reglstered offlce 10 Hillmans Way Ballycaslle Road COLERAINE Co Londonderry BT52 2ED Audltor IDS CharteredAccountants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1BG Bankers Danske Bank 22 The Diamond COLERAINE Co Londonderry BT52 1 DE Solicltors Macaulay Wray 35 New Row COLERAINE Co Londonderry BT52 1AH
CAUSEWAY COAST VINEYARD CHURCH ids chartered accountants TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees present their annual report and financial slalements for the year ended 31 December 2022. The financial statements have been prepared in accordance with the accounting policies set out in nole 110 the financial statements and comply with the charity's Igoverning document), the Companies Act 2006 and 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 1021" (effective 1 January 2019) Objectives and actlvitles The principal activity of the company continued to be the provision of church facilities to members of the local community. Causeway Coast Vineyard is a vibrant mis5ional community in Northern Ireland. Our vision is to change the community one life at a time and to do so within our lifetime while ensuring that the work continLJes for generations beyond. We do not simply want to have a great church, we want lo have a great city. We are a community who carry hope and are passionately pursuing God's heart for His city through our ordinary everyday lives. We are a church where lives are changing. A place where people are saying °Yes° to God and experiencing life in a fresh way. We are people who seek to bring life lo every area of our cornmunily. A place where we see transformation happen as we pursue the dreams that God has placed in our hearts. We believe we were made to connect with our community Regardless of our interests or life stage. we have something for everyone, and it is our desire that Causeway Coast Vineyard helps people on their journey towards greater connection wiknin the community. Our desire is to se8 our community continue to flourish and we are seeking to be involved in that through many way5. We want to see our community come into a relationship with Jesus and build a family of faith • reduce isolation in our society and build a family of connection help people in our community deal with the challenges of life by building a family of resilience see a community who have a direction and focus by building a family of purpose see a community that is sustainable and charitable -a family of provision In 2010 we bought a seven-acre site (part of an old timber yard) in the centre of Coleraine and in October 2012 moved into a purpose built 33,000 square foot church venue. We worship together on a Sunday through moming and evening services with around 1400 people of all ages gathering on average each month as of Novemberl December 2022. We also have online seNices available which has given the opportunity for those who are ill, far away, or interested in exploring church services Ihe option to be a part of it. Of course, what happens through Sunday and other weekly servi$ is only a small part of how we seek to impact our community. We have weekly small groups allowing people to connect regularly, as well as providing other gatherTng points for different people groups throughout the week. These include many different types of activities from walking, running and other interest groups, all the way through to mental health, Bible study and family support 9roups.
CAUSEWAY COAST VINEYARD CHURCH ids, chartered accountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 We have a network of HUBS to help aid connection and care for those who are a part of CCV and for their surrounding community. These are groups of 40-50 people who are tasked with the responsibility to look out and keep in contact with one another. They are made up in geographical locations and contain people of all ages and stages. Through HUBS we encourage people lo be neighbours in the community by looking out for those who are struggling and offering them help and connection. We have continued to be involved in local schools and have one full time staff member dedicated to this work supported by a team of loyal volunteers and other staff. Our goal is to partner with local schools to aid them in the work they do with the young people in our community. We supply prograrnmes focusing on self-worth, identity and relationships, and in 2022 we have also been running a full programme of school assemblies, lunch clubs, homework clubs, Alpha events, school transition courses. and were able to deliver a Christmas production to 3 high schools in our area. We regularly pray for and see healing and run events for varying ages. We run conferences and training events such as Encounter More and Illuminate, fcjr those wanting to encounter God and experience Him more. We pray on our streets every Saturday moming, which we have been doing since 2005. We also have a weekly Healing on the Zoom ministry which allows us to connect with those who are unable to turn up in person. Our volunteers, post COVID, have really stepped in to serve our local community who have experienced real need in this season especia51y with the rising cost of living We are delighted to see people give of their time to serve people with love and dignity. The trustees have paid due regard to guidan issued by the Charity Commission in deciding what activities the charity should undertake. New trustees will receive appropriate induction and relevant training. We have a rrsk management assurance framework In operation. This Covers areas such as safeguarding processes for children and vulnerable adults, staff training and development, health and safely for staff and public around the site as well as HR, IT and financial risks (covered by our reserves policy). Two cl our board members sil on a risk management sub-committee alongside the Operation5 Director. Any risks are raised, discussed and measures put in place lo mitigate the risk. Risk is a standing agenda item on our board meetings and the risk management assurance framework 15 reviewed formally at the board meeting every six months. Achlevements and performance From September 2022 we were able to resume in-person serVIS without needing to adhere to additional COVID restrictions. This has allowed people to fully return to services and we have seen our Sunday gatherings grow by 30-40% over the past year. We've also been able to keep broadcasting our services so those who are unable lo make it along can still be a part of the church. Many newcomers to our in-person services will have tuned in online first. Our Easter services this year allowed us to see 1300 people connect in our 3 weekend services. We also hosted a family easter egg hunt in a local forest and we had around 500 people come along, many of who hadn't connect with us before, or it had been a long time since we had seen them. Our Under 18 ministries have gone from strength to strength as well. We have Sunday environments, mid-week groups, mums and toddlers care, and other community based projects. We are currently reaching anywhere beeen 300-500 Under 18's within our gathered environments in the building and others that we can't quantify outside of this within the community. As mentioned, our school's ministry has been growing this year. Between September and December alone we reached around 3000 pupils in 16 different schoo15 in our education systern. We have had lots of feedback from t8achers and pupils in how this ministry has been so helpful within their environment. Each year we run a 9-month School of Ministry which every year has gathered people to CCV from different locations who move and serve at CCV for the duration of their time in the school. For the past number of years we have opened this up to online students who this year have gathered from England, Scotland, and even in India.
CAUSEWAY COAST VINEYARD CHURCH ids., chartered accountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 At Causeway Coast Vineyard we see much happening within our small groups. These are groups of up to 20 people who meet weekly to connect with God and one another. These groups are open to the whole community. They are places to conned. make new friends, deepen relationships, encounter God's love and have the occasional party. We hav& discovered that big moments in life often happen in the small Gorners of life. There are range of core groups (including weekly connection over coffee and studying a bible passage or book), courses (including prayer groups and bible study), family central groups {includin9 marriage, pre-marriage and singles groups), interest groups (including keep fit, sewing, table tennis, etc.) and life stage groups (including groups for 20 somethings, women's groups, etc.) During 2022 we ran a total of 85 different groups over 3 terms which had over 500 unique people connecting and growing in their faith within them. Our new Hubs model has resulted in us having 20 different HUBS where anything up to 800 people have been grouped together and are working hard to connect with one another and the community. In Christmas 2022 we were able to take teams into schools and our local prison to bring them the hope and wonder of the Christmas story. We reached around 900 people in this week as well as seeing over 700 people attend our Christmas Carol service. Financlal revlew The results for the year are set out on page 11. The company returned net outgoing resources for the year of £5,812 (2021 incoming resources of £168,296). At 31 December 2022, the total funds of the charity amounted to £2,069,661 (2021 £2,075,473) comprising restricted funds of £16,417 {2021 £5,717) and unrestricted funds of £2,053,244 (2021 £2,069,756). The charity set aside £4,000 to a designated nd for signtficanl expenditure on the facilities. At 31 December 2022, the balance on this fund was £88,126 {2021 £92,224). At 31 December 2022, the charity's bank debt amounted lo £896.501 (2021 £1,122,758). The trustees are confident that the bank debt will be repaid out of ongoing surplus incoming resources and as such will be able to meet its ongoing working capital requirements. 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 following ways.. Unrestricted reserves are held which are sufficient to cover the continuance of operations given a 25 % reduction in unrestricted income, for a period of 3-6 months, together with any specific liabilities which are outside of the normal scope of activities Appropriate designated reserves are held for signiflcant long-term expenditure Based on the 2023 budget, the range of reserves considered by the trustees to be adequate (as calculated above) is between £99K- £197K. Total general unrestricted reserves {comprising of cash and deblors, less short-term liabilities> were £64,948 12021 £265,936).
CAUSEWAY COAST VINEYARD CHURCH ids, chartered accountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 Plans for the future Our plan is to continually seek to move forward with the objectives we have set out. We will be focusing a lot of our energy in the next s&ason in re-visioning our community towards our desire lo see our community become more like who Jesus created them to be. We want lo belter resource people to reach their friends, family, and colleagues as wel5 as providing opportunities to do this on a larger level. Equally we want to see our community be a place of connection after the past seasons of disconnection. and our hope is that every street in our community will be a place of connection rather than isolation. We wll be holding different events, connection lunches, as well as our weekly services lo help to da this, as well as resourcing people to do this within their everyday. Our desire is to increase the work that we do in seeing people walk into andlor discover their purpose in life. Moving forward we want to better develop leaders in our community and resource the many small business owners within OLtr community. We won't achieve everything that we dream of within one year but as a church w8 are committed to S£)rnething beyond that time period. We are praying and working hard to prepare for everything that our community will experience in the coming years, and as always we remain as committed as ever to what God has called us to do here. Structure, governance and management Causeway Coast Vineyard is a cornpany limited by guarantee and was incorporated on 1 April 2008. The company was established under a Memorandum of Association which established the objectives and powers of the company and is govemed 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 served during the year and up to the date of signature of the financlal statements were: Mr RJ Kelly Mr AR Lynas Mr PR Lynas Mr DP Wright Mr NAW Young Dr KC Hutchinson New directors are appointed when appropriate. Suitable candidates are considered on the basis of their skills, experience and sympathy with the aims of church. New directors will be agreed at a board meeting before being invited to join. 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 and has the same trustees. R8ference and admlnlstratlve detalls The day-to-day management ofthe charity is overseen by Neil Young {Senior Pastor), David Mccracken (Operations Directar) and Victoria Moore (Finance Manager).
CAUSEWAY COAST VINEYARD CHURCH ids chartered accountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 Other information Alan and Kathryn Scotl left CCV in JLJne 2017 and Neil and Janet Young look over as senior pastors Alan and Kathryn moved to America and become the leaders of Vineyard Anaheim and in early 2022 announced they were taking that church out of the Vineyard movement This has given rise to media coverage and a legal challenge in the US though these have no direct impact on CCV or VC. However, concerns were raised at this time about Alan's conduct in the US and from his time in the UK. In response, CCV and Vineyard Churches UK & Ireland IVCUKI} commissioned an independent review process of the comp12ints relating to CCV in February 2023, run by an experienced third party Trusted HR Ltd. That process is ongoing and primarily relates to Alan Scott's time as senior pastor. The trustees have a51ocated £15,000 to cover the cost of the review process and the offer to counselling to those impacted. VCUKI have sel aside a similar amount. Wfftile the trustees expect some impact in terms of tpputation and giving for the church in the short term, we remain confident that this will settle as the Feview process concludes in the autumn. The trustees do not anticipate a significant impact on Vineyard Compassion at this lime. Statement of trustees. responsibllitles The trustees, who are also the directors of Causeway Coast Wineyard Church for the purpose of company law, are responsible for preparing the Trustees, Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice}. Company Law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, ofthe charitable company for that year. In preparing these accounts. the trustees are required to.. select suitable accounting policies and then apply them consistently., observ8 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 accounts., and prepare the accounts 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 wth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2008. 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. Audltor In accordance with the company's articles, a resolution proposing that IDS Chartered Accountants LLP be reappointed as auditor of the company will be pul at a General Meeting.
CAUSEWAY COAST VINEYARD CHURCH ids, chartered accountants TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 Disclosure of Infomiation to auditor Each of the trustees has confirmed that there is no information 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 thg auditor is aware of such information. Sn accordance with the company's articles, a resolution proposing that IDS Chartered Accountants LLP be reappointed as auditor of the company will be put at a General Meeting. The trustees, report wa5 a y the Board of Trustees. Mr PR Lynas Trustee Dated.. 14 September 2023
CAUSEWAY COAST VINEYARD CHURCH ids: chartered accountonts INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CAUSEWAY COAST VINEYARD CHURCH Opinion We have audited the financial statements of Causeway Coast Vineyard Church (the 'charily'} for the year ended 31 December 2022 which compnse the statement of financial activities, Ihe 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 Accounling Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable In th8 UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 31 Dember 2022 and of its incomin9 resources and application of resources, for the 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 Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International 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 slaternents 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 relatlng to going concern In auditing the financial statements, we have concluded 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 performed, we have not identified any material uncertainties lating to events or conditions thal, individually or collectively, may cast significant doubl 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 with respect to going concern are described in the relevant sections of this report. Other informatlon The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information 18 materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard.
CAUSEWAY COAST VINEYARD CHURCH ids, INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CAUSEWAY COAST VINEYARD CHURCH chartered accountants Matters on whl¢h we are requlred 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 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 sufficient accounting records have not been kept. or the financial statements are not in agreement with the accounting records-. or we have not received all the information and explanations we require for our audit. Responslbllities of trustees As explained rnore 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 th& preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control a5 the trustees 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 slalements, the 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 concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Audltorf5 responslbllities for the audlt 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 relevant regulation5 made or having effect thereunder. Our objectives are to obtain reasonabl8 assurance about whether the financial statements as a whole are free from material misstatement, 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 with 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 financial statements. The 8xlenl 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, wa5 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 Complian with the laws and regulations identified above through making enquiries of management and inspecting legal corresponden. identified laws and regulations were communicated within the audit team regularty and the leam remained alert to instances of non-complian throughout the audit.
CAUSEWAY COAST VINEYARD CHURCH ids. INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CAUSEWAY COAST VINEYARD CHURCH chartered accountants We assessed the susceptibility of the charity's financial statements lo 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 knowledge of actual, suspected and alleged fraud, considering the intemal controls in place to miligale risks of fraud and non-compliance with laws and regulations; and performing analytical procedures to identify any unusual or unexpected relationships., reviewing journal entries to identify unusual transactions., assessing whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias-, investigating the rationa5e 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 to.. agreeing financial statements disclosures to underlying supporting documentation., reading the minLJtes 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 frorn financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of tho trustees and other management and the inspection of regulatory and legal correspondence. if any. Material misslalements that arise due to fraud can be harder lo delect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website al: https'.11 www.frc.org uklauditorsresponsibilities. This description forms part of our audilorfs 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 slate 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 accept or 85sume 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 14 September 2023 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 Companies Act 2006. 10-
CAUSEWAY COAST VINEYARD CHURCH ids, chartered occou ntants STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestrlcted Restricted funds funds 2022 2022 Total Unrestrlcted Restrlct8d funds funds 2021 2021 Total 2022 2021 Notes com an Donations and legacies Charitable activities Other trading activities Investments Other income 831,204 124,907 80,280 911.484 124,907 955,188 93,798 88,621 1,043,809 93.798 71.270 458 160 71,270 458 160 42,758 212 1,868 42,758 212 1,868 Total In¢ome 1,027,999 80,280 1,108.279 1,093,824 88.621 1,182,445 Charitable activities 1,044,511 69,580 1,114,091 926,470 87,679 1,014.149 Net lexpenditure)Ilftcome for the yearl Net movement In funds 118.512) 10,700 {5,812) 167,354 942 168,296 Fund balanS at 1 January 2022 2,069,756 5,717 2,075,473 1,902,402 4,775 1,907,177 Fund balance5 at 31 December 2022 2,053,244 16,417 2,069,661 2,069,756 5,717 2,075,473 The statement of financia5 activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2008. 11
CAUSEWAY COAST VINEYARD CHURCH ids, chartered accountants BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Notes Fixed assets Tangible assets 13 2,796,672 2,834,356 Current assets Debtors Cash at bank and in hand 14 42,188 191,946 100,135 319,480 234,134 419,615 Creditors: amounts falllng due wlthln one year 16 1158,829) {157,208) Net current assets 77,505 262,407 Total assets less current Ilabilitles 2,874,177 3,096,763 Credltors: amounts falling due after more than one year 17 1804,516) (1,021,290) Net assets 2,069,661 2,075,473 Income fund8 Restricted funds 19 16.417 5,717 Designated funds General unreslri¢ted funds 20 88,126 1,965,118 92,224 1,977,532 2.053,244 2.069,756 2,069.661 2,075.473 12-
CAUSEWAY COAST VINEYARD CHURCH ids, chartered occountants BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2022 The company is entitled to the exemption from the audit requirement contained in section 477 of Ihe Companies Act 2006. for the year ended 31 December 2022, although an audit has been carried out under section 65 d 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 slalements under the requirements of the Companies Act 2008. for the year in question in accordance with 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 14 September 2023 Mr RJ Kelly Trustee Mr PR Lyras Trustee Company registratlon number 1068677 13-
CAUSEWAY COAST VINEYARD CHURCH ids. chartered accountants STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Note5 Cash flows from operatlng activltles Cash generated from operations 24 120,519 203.918 Investing activities Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets Interest received (22,4141 19,456) 180 458 1,888 212 Net ¢a$h us8d In Investlng actlvitles (21,796) (7,376) Financing actlvltles Repayment of bank loans (226,2571 197,8831 Net cash used In flnanclng actlvltles 1226,257) (97,883) Net Idecrease)lincrease In cash and cash equlvalents (127,534) 98.659 Cash and cash equivalents at beginning of year 319,480 220,821 Cash and cash equlvalents at end of year 191,946 319,480 Relating to: Cash al bank and in hand 191,946 319,480 14-
CAUSEWAY COAST VINEYARD CHURCH ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng policies Charlty Informatlon Causeway Coast Vineyard Church is a private company limited by guarantee incorporated in Northern Ireland. The registered office is 10 Hillmans Way, Ballycastle Road, COLERAINE, Co Londonderry, BT52 2ED. 1.1 Accounting convention The financial statements have been prepared in accordance wrth the charity's memorandum, the Companies Act 2006, FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland" l FRS 102°) and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepanng Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 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 cost convention. The principal accounting policies adopted are set out below. 1.2 Golng 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 statements. 1.3 CharitabSe funds Unrestricted funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the company. Designated funds comprise funds which have been set aside at the discretion of the trustees for sFecific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are those donated for use in a particular area or for a specific purpose, the use of which is reslricled to that area or purpose. 1.4 Incomlng resourcos 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 GiftAid or deeds ol covenant is recognised at the lime of the donab'on. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and reIpt is expected. If the amount is not known, the legacy IS treated as a contingent asset. 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. Turnover is measured at the fair value of the consideration received or receivable and represents arnounts receivable for goods and serViS provided in the normal course of business. 15-
CAUSEWAY COAST VINEYARD CHURCH ids, chortered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcies {Continued) 1.8 Resources expended Expenditure is recognised once there is a legal or constructive obligation 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. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient 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 and fittings 2 1 straight line on buildings 15% 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 Al 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 indcation exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif 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 lime value of money and the risks specific to Ihe asset for which the estifflates 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 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 impairment loss is treated as a revaluation decrease. Recognised impairmenl losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Vvhere an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverabSe amount. but so that the increased carrying amount doe5 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 reValUat)n increase. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments With original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 16-
CAUSEWAY COAST VINEYARD CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting pollcies Icontlnued) 1.9 Flnancial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 10210 all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the chartty becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel 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 net basis or to reali5e the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortis&d cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al 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. Baslc financial liabilities Basic financial Siabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslitules a financing transaction, where the debt instrument is measured at the present value of the future payments diseounled 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 setvices 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 non-current liabilities. Trade creditors are recognised initially at transaction Pri and subsequently measured at amortised cost using the effective interest method. Derecognition of financlal liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Taxatlon No provision is required for taxation as the company is defined as a charity for taxation purposes. 1.11 Employee benefits The cost of any unused holiday enlillemenl 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 temiinate the employment of an employee or to provide termination benefits. 1.12 Retlrement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 17-
CAUSEWAY COAST VINEYARD CHURCH ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Crltlcal accounting estlmates and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements. eslirnates and assumptions about the carrying amount of asse15 and liabilibes 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 only that period, or in the period of the revision and future periods where the revision affects both current and future periods. During the current financial year, no critical accounting estimates or judgements were made by the trustees. Donatlons and legacles Unrestrlcted Restrlcted funds funds general 2022 Total Unrestricted Restrlcted funds funds general 2021 Total 2022 2022 2021 2021 Donations and gifts 831,204 80,280 911,484 955,188 88,621 1,043.809 Donatlons and gifts Donations and grants Coronavirus Job Retention Scheme 831,204 80.280 911,484 930,245 88,621 1,018,866 24,943 24,943 831,204 80,280 911,484 955,188 88,621 1,043,809 Charltable actlvltles 2022 2021 Encounter More Conference Illuminate Conference Other Conferences & Events Encounter School of Mission Contribution to Shared Services Other Incom6 11.564 24,030 8,296 23,817 57,200 (920) 17,831 422 26,045 50,400 20 124.907 93,798 18-
CAUSEWAY COAST VINEYARD CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Other tradlng a¢tlvltles Unrestrlcted Unrestrlcted funds funds general general 2022 2021 Room Hire 71,270 42,758 Investments Unrestrlcted Unrestricted funds funds general general 2022 2021 Interest receivable 458 212 Other income Unrestrlcted Unrestricted funds funds general general 2022 2021 Net gain on disposal of tangible fixed assets 160 1,868 19-
CAUSEWAY COAST VINEYARD CHURCH ids_ hortered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charltable actlvltles 2022 2021 Staff costs Travelling Staff Expenses Training Hospitality Gifts Church Resources Other Conferences & Events Encounter School of Mission Healing on the Streets Ministry expenses 632,021 6.107 5,812 1,702 22,754 42,580 28,599 30,939 24,387 740 64,417 625,942 849 4,628 5,315 4.952 40,063 22,166 14,290 7,692 2,938 36,027 860,058 764,662 Share of support costs (see note g) Share of governance costs (see note 9) 246.580 7,453 241,524 7,963 1,114,091 1,014,149 Analysls by fund Unrestricted funds Restricted funds 1,044,511 69,580 926.470 87,679 1,114,091 1,014,149 -20-
CAUSEWAY COAST VINEYARD CHURCH ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Support costs Support Governance costs costs 2022 Support Governance costs costs 2021 Depreciation Insurance Utilities Telephone Advertising Printing. Postage & Stationary Bank Charges Loan Snleresl Repairs and renewals 60.098 13,129 46,597 10,991 272 60,098 13,129 46.597 10,991 272 60,077 10,363 35,592 11,224 148 60,077 10,363 35,592 11,224 148 7,334 3,162 37,238 67.759 7,334 3,162 37,238 67,759 11.205 3,390 40,113 69,412 11,205 3,390 40.113 69,412 Audit fees Legal and professional 2,420 5,033 2,420 5,033 2,640 5,323 2,640 5,323 246,580 7,453 254,033 241,524 7.963 249.487 Analysed between Charitable activities 246,580 7,453 254,033 241,524 7,983 249,487 Governance costs includes payments to the auditors of £2,420 {2021- £2,640) for audit fees. 10 Truste85 During the year Mr NAW Young, trustee of the charity, was paid £45,452 {2021 £43.5921 by virtue of his employment. Mr DP Wright was reimbursed £319 in travel expenses in relation to the December 2022 trustee meeting (2021 £285}. 11 Employees The average monthly number employees (excluding directors) during the year was.. 2022 Number 2021 Number 24 27 Employment costs 2022 2021 Wages and salaries Social security costs Other pension costs 558,498 44,614 28,911 557,742 41,010 27,190 632,021 625,942 -21
CAUSEWAY COAST VINEYARD CHURCH ids, chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 11 Employees (Continued) There were no employees whose annual remuneration was more than £60.000. 12 Taxatlon The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 13 Tangible fixed assets Freehold land Flxtur&s and and buildlngs fittlngs Total Cost At 1 January 2022 Additions 3,063,498 1,800 285,424 20,614 3,348,922 22 414 At 31 December 2022 3.065,298 306,038 3.371,336 Depreclatlon and impairment At 1 January 2022 Depreciation charged in the year 346,540 39,395 168,026 20.703 514,566 60,098 Al 31 December 2022 385.935 188.729 574,684 Carrying amount At 31 December 2022 2,879,363 117,309 2,796,672 At 31 December 2021 2.716,958 117,398 2,834,356 14 Debtors 2022 2021 Amounts falling due wlthln one year: Other debtors Prepayments and accrued income 34,292 7,896 89,951 10,184 42,188 100,135
CAUSEWAY COAST VINEYARD CHURCH ids. chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 15 Loans and overdrafts 2022 2021 Bank108ns 896,501 1.122,758 Payable within one year Payable after one year 91,985 804,516 101,468 1,021,290 Amounts included above which fall due after five years.. Payable by instalmenls 402,889 578.562 The bank loans are secured as follows.. Floating charge over 10 Hillmans Way, Coleraine. 16 Creditors: amounts falllng due withln one year 2022 2021 Notes Bank loans Other taxation and social security Trade creditors other creditors Accruals and deferred income 15 91,985 15,561 9,512 25,319 14,252 101,488 11.161 9,246 21,827 13,506 156,629 157,208 17 Credltors: amounts falllng due after more than one year 2022 2021 Notes Bank loans 15 804,516 1,021,290 18 Retirement beneflt schemes Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the chartty in an independently administered fund. The charge to profit or loss in respect of defined contribution schemes was £28.911 {2021- £27,190). -23-
CAUSEWAY COAST VINEYARD CHURCH ids chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 19 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balan$ of donations and grants held on trust for specific purposes-. Mov8ment in funds In¢omlng Resources Balance at resources xpended 31 December 2022 Balance al 1 January 2022 Building fund Healing on the streets Encounter School of Mission Bursaries CRT Love Christmas CC&G Covid Measures Anon Donor Evangelism App Anon Donor (ID DFC energy Anon Donor (IT) Love Ukraine 37,238 2,685 4,000 8,020 (37,238) (2,685) (3,850) 18,020) {950) (2,267) (5,000} 2,500 2,650 950 2.267 5,000 1,000 1,500 20,000 837 1,000 (1,500) (7,233) {837) 12,767 5,717 80,279 (69,579) 16.417 20 Deslgnated funds The income ndS of the charity include the following designated funds which have been set aside out of unrestricted funds by the twstees for specific purposes.. Movement In funds Balance at Resources 1 January 2021 expended Movement In funds Resources Transfers exponded Transfers Balance at l January 2022 Balance at 31 Dg¢ember 2022 Repairs and replacements fund 84,212 {3,988} 12,000 92,224 (8,098) 4,000 88,126 84,212 13,988) 12,000 92,224 (8,098} 4,000 88,126 -24-
CAUSEWAY COAST VINEYARD CHURCH ids., chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 21 Analysis of net assets between funds Unrestricted Restricted Funds Funds 2022 2022 Total Unrestrlcted Restricted Funds Funds 2021 2021 Total 2022 2021 Fund balances al 31 December 2022 are represented by-. Tan9ible assets Current assetsl(liabilities) Long temi liabilities 2,796,672 61,088 1804.516) 2,796,672 2,834,356 77,505 256,690 (804.516) 11,021,290) 2.834,356 262,407 11.021,290) 16,417 5,717 2.053,244 16,417 2,069,661 2,069,756 5,717 2,075,473 22 Flnancial commitments, guarantees and contlngent liabilitles Certain grants received and receivable may become repayable to the funder if the charTty 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 to the liabilities that may arise. 23 Related party transactlons Remuneration of key management personnel The remuneration of key management personnel, who comprise the senior leadership team. is as follows. 2022 2021 Aggregate compensation 261.769 242,259 -25-
CAUSEWAY COAST VINEYARD CHURCH ids,, chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 23 Related party transactions (Contlnuedl During the year the charity entered into the following transactions with related parties.. Included within hospitality were amounts lotalling £16,58512021 £3.5011 paid to Lynas Foodservice Limited, a company in which Mr Andrew Lynas is a director. The amount owing at the year-end and included in trade creditor5 was £50212021 £292). Included within room hire and other income were amounts totalling £2.000 (2021 £nill received from Lynas Foodservice Limited, a company in which MrAndrew Lynas is a director, There were no amounts outstanding at the year end. Included within shared services were amounts totalling £57,200 (2021 £50,400) received from Vineyard Compassion, a charity with the same directors. The amount owing al the year-end included in other debtors was £7,80012021 £nil). Included within professional fees were amounts totalling £1,820 (2021 £nill paid to Spark Coaching, a company in which Dr Karise Hulchinson's husband is a director. There were no amounts outstanding al the year end. Included within other creditors were amounts totalling £6.352 (2021 £nil} for Love Christmas Grant owed to Vineyard Compassion, a charity with the same directors. Included within other debtors were amount5 totalling £837 {2021 £nil) for Love Ukraine Grant owed from Vineyard Compassion, a charity with the same directors. Included within expenditure were amounts totalling £1,313 (2021 £365) paid to Score Football Centre Limited, a company in which Russell Kelly is a director. The amount owing at the year-end and inciuded in trade creditors was £nil (2021 £81). Included within other debtors was an amount of £nil (2021 £12,360) for a new boiler owed from Vineyard Compassion, a charity with the same directors. 24 Cash generated from operations 2022 2021 {Deficit)Isurpus for the year (5,812) 168,296 Adjustments for.. Investment income recognised in statement of financial activities Gain on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets 1458) 1160) 60,098 (212) {1,868) 60,077 Movements in working capital.. Decreasel(increasel in debtors Increase in creditors 57,947 8,904 (45,4301 23,055 Cash generated from operations 120,519 203,918
CAUSEWAY COAST VINEYARD CHURCH ids, chartered accountants NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 25 Analysis of changes In net Idebt)Ifunds At 1 January 2022 Cash flow5 At 31 December 2022 Cash at bank and in hand 319,480 1127,534} 191,946 Loans falling due within one year Loans falling due after more than one year 1101,4681 11,021.290> 9.483 216,774 (91,985) 1804,516) 1803.278} 98.723 1704,5551 -27-