ids. churtered accountants Company Registration No. N1068677 (Northem Ireland) CAUSEWAY COAST VINEYARD CHURCH 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. CAUSEWAY COAST VINEYARD CHURCH churtered accountants CONTENTS Page Legal and administrative infomiation Trustees, report Independent auditorfs report 8-10 Statement of financial activities 11 Balance sheet 12 Statement of cash flows 13 Notes to the financial statements 14-26
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrAR Lynas Mr PR Lynas Mr DP Vlright Prof. KC Hutchinson Mrs L Bell Mr D Mcmullan (Appointed 12 January 2025} (Appointed 4 October 2024} Secretary Mr PR Lynas Charity number (England and Wales) NIC101605 Company number N1068677 Registered office 10 Hillmans INay Ballycastle Road COLERAINE Co Londondery BT52 2ED Auditor IDS Chartered A¢untants LLP 23125 Queen Street COLERAINE Co Londonderry BT52 1 BG Bankers Danske Bank 22 The Diamond COLERAINE Co Londondery BT52 1 DE Solicitors Macaulay Wkay 35 New Row COLERAINE Co Londonderry BT52 1AH
ids. CAUSEWAY COAST VINEYARD CHURCH churtered 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 accordan with the accounting policies set out in note 1 to the financial statements and comply with the charity's goveming 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 102}" (effective 1 January 2019). Objectives and activities 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 missional community in Northem 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 continues for generations beyond. We do not simply want to have a great church,. we want to 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. The principal activity of Causeway Coast Vineyard is to be a church for everyone in our local community. Causeway Coast Vineyard is growing a healthy, missional, supematural and compassionate church Community pursuing God's heart for the Causeway Coast area. Our passion is to be: Missional - where lives are changed as people encounter Jesus Supematural - where each person is living their everyday lives empowered by the Holy Spirit Compassionate - where our community is transfomied with hope-filled generosity Healthy - with a church culture forming disciples who extend God's Kingdom CCV is a vibrant, pioneering, missional communty in the north coast of Northern Ireland with around 700 people attending Sunday services. We have a significant compassion ministry and a staff team (including Compassion) of approximately 40 people. 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 to every area of our community. 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 within the community. Our desire is to see our community continue to flourish and we are seeking to be involved in that through many ways. We are part of the Vineyard movement and members of the Evangelical Allan.
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 More about us 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 morning and evening services either on a Sunday night or Wednesday worship wth around 700 people of all ages gathering on average each month as of NovemberlDecember 2024. Of course, what happens through Sunday and other weekly SeiceS is only a small part of how we seek to impact our community. We have continued to be involved in local schools and in 2024 had one staff member dedicated to this work supported by a team of loyal volunteers and other staff. Our goal is to partner wth local schools to aid them in the work they do with the young people in our Community- in 2024 we have also been running school assemt4ies, lunch clubs, homework clubs, Alpha events and courses helping pupils prepare for secondary education. We regulady pray for and see healing and much of this happens on our streets on a Saturday morning, which we have been doing Sin 2005. Our volunteers have really stepped in to serve our Ial community who have experienced real need in this season especially 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 guidance issued by the Charity Commission in deciding what activities the charity should undertake. New trustees V11 receive appropriate induction and relevant training. We have a risk management assuran framework in operation. This covers areas such as safeguardirrfJ 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 trx)ard members sit on a risk management sucoMmittee alongside the Operations Director. 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. Achievements and perforniance We are passionate about being a missional, supematural, compassionate and healthy church community pursuing God's heart for our community In January 2024 we moved to having one moming service at 10.30am. During the calendar year Jan- Dec 24 our adult attendanS saw a decrease of 26 % however we've also been continuing to broadcast our services so those who are unable to make it along can still be a part of the church. Many newcomers to our in-person seNices will have tuned in online first. Our Easter services on Good Friday, Easter Sunday moming and our Easter Sunday baptisms were incredible times where we had 8 people getting baptised and we saw around 1,350 people connect in our 3 weekend services. On Easter Monday over 350 gathered at Downhill Forest for our annual Easter Egg hunt. We've continued to work th local schools and hosted a BBQ at Harpurs Hill School fete Connecting and feeding around 400 people and in addition to this hosted an A-level's BBQ in June 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 between 200 - 300 under 18s monthly wthin our gathered environments in the building and others that we can't quantify outside of this within the Community. Over these last number of months, we've seen growlh and health in the Itves of our young people seeing many of them bringing friends along to Church, stepping into leadership and service in various forms on Sun(ky evening wilh youth and mornings with our wider church family. It has been amazing to see them step out in worship, welcome, hospitality, hosting the service and some even speaking.
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 We have been so encouraged as some of our young people have started Bible studies in their schools independent of their existing school structures and without the support of teachers. We have seen Iwo start up in in different schools seeing between 20 - 30 young people connect in each one. Our summer trips have been more popular than ever with a group of 30 young people attending Summer Madness with 6 boys encountering Jesus for the first time or making a recommitment. We also had a group of 31 young people head to a Christian festival called 'Move' this summer. In our Kids environments we've been going through the Bible in a year with Nicky Gumbel and it has also been a busy year for us in schools as most months we connect with over 2000 kids, young people and adult staff, through assemblies, lessons and after-school dubs. We have been really encouraged by positive feedback from several school staff about the impact of some of the Jesus-focused messages we were able to deliver. At the beginning of June, we welcomed 20 teams of Primary Schools from all over the Causeway area to our church venue. Battle of the Brains had been a big quiz that y hadn't put on since before lock-down. We have taken a pause from running our ESOM programme and will revisit our discipleship and intemships in 2025. We've run a variety of connection events in the year ryth a wonderful volunteer appreciation night in January where we had a lot of fun and a Tiki Bar theme. In June for volunteer week we honoured our amazing volunteers with cupcakes on a Sunday (350 in all} and during the week all our weekly volunteers got cupcakes as well with an additional 150 being ordered for our satellite volunteers as well. At Causeway Coast Vineyard our small groups are very important and we run these 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 connect, make new friends. deepen relationships. encounter God's love and have the occasional party. We have discovered that big moments in lrfe often happen in the small comers of life. There are a range of small groups.. core groups- induding weekly connection over coffee and studying a bible passage or book courses- including prayer groups and bible study family central groups- including marriage, pre-mamage and singles groups interest groups- induding keep fit. sewing. table tennis. etc. life stage groups- induding groups for 20 somethings, women's groups, etc. During 2024 we ran 70 different groups over 3 terms which had over 375 unique people connecting and growing in their faith within them. Throughout December in the run up to Christmas 2024 we ran a variety of events induding Ladies Wreath Making. Family Movie and a Men's Bonfire and our Generation Sunday. We also had 610 people attend our service on Christmas eve. and 300 attend a Christmas candlelight service the previous Sunday which was a great su¢¢ess.
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review The results for the year are set out on page 11. The company returned net incoming resources for the year of £62.441 (2023 incoming resources of £6,200). At 31 December 2024, the total funds of the charity amounted to £2,138.302 {2023= £2,075,861) comprising restricted funds of £5,25812023: £9,377) and unrestricted funds of £2,133,044 (2023. £2,066,484). The charity transferred £2,000 to a designated fund for significant expenditure on the facilities. At 31 December 2024, the balan on this fund was £91,721 {2023: £89,721). At 31 December 2024, the charity's bank debt amounted to £714.846 (2023: £807,964). The trustees are confident that the bank debt will be repaid out of ongoing surplus incoming reSoUrS 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 fLnds 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 250/0 reduction in unrestricted income, for a period of S6 months, together with any specific liabilities which are outside of the nomial scope of activities Appropriate designated reserves are held for significant long-term expenditure Based on the 2025 budget, the range of reserves considered by the trustees to be adequate (as calculated above) is beeen £73.68k- £147.36k. Total general unrestricted reserves (comprising of cash and debtors, less short-term liabilities) was £28k {2023'. £14k), however including the designated fund. which is not restricted, this figure would be £120k. Plans for future periods Causeway Coast Vineyard (CCV) is a church affiliated to the Assoaation of Vineyard Churches in the UK & Ireland IVCUKII. In 2024 we committed to implementing in full all recommendations from an independent report process in full and over the nexl season we wll Continue to work to fulfil our mission to say 'yes' to God, experience life and carry hope to the city. In early 2024 we established a search team (made up of trustees, staff and people from the wider CCV church to begin the search for new Senior Pastor(s) and on Sunday 20th October 2024 we shared the news that we had appointed Laura Bell as our new Senior Pastor. Laura is an incredible apostolic and pioneering leader wrth a huge amount of church experrence. Her appointment came at the end of a rigorous search process which saw the search team, SLT, trustees and Vineyard leadership fully united. We are so thankful for God for his faithfulness to us as a church and for answering our prayers for a new Senior Pastor. We have an incredible sense of unity that Laura is the person to lead us in our vision of being a healthy, missional, supernatural and compassionate church community pursuing God's heart for the Causeway Coast area. Structure, governance and management Causeway Coast Vineyard is a company limited by guarantee and vrfas 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 governed by its Artides 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.
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 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 financial statements were= MrAR Lynas Mr PR Lynas Mr DP Wright Prof. KC Hutchinson Mrs L Bell Mr D Mcmullan (Appointed 12 January 2025) (Appointed 4 October 2024) Recruitment and appointment of tnistees 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. Reference and administrative details The day-to-day management of the Charity is overseen by David Mccracken (Operations Director) and Victoria Moore (Finance Manager). Statement of trustees. responsibilities The trustees, who are also the directors of Causeway Coast Vineyard Church 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 resources and application of resources, including 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 concem basis unless it is inappropriate to presume that the charity 11 continue in operation. The trustees are responsible for keeping adequate accounting 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 detedion of fraud and other irregularities. Auditor In accordance with the company's artides, a resolLrtion proposing that IDS Chartered Accountants LLP be reappointed as auditor of the company will be put at a General Meeting.
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, report was approved by the Board of Trustees. Pgtgk L Mr PR Lynas Trustee 16 September 2025
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants 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 '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, induding 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 of Ireland (United Kingdom Generally Accepted Accounting practi>. In our opinion, the financial statements- give a true and fair view of the state of the charitsble company's affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended., have been propedy prepared in accordance wth United Kingdom Generally Accepted A¢¢ounting Practi. and have been prepared in accordance v¥ith the requirements of the Charities Act (Northem Ireland) 2008. Basis for opinion We conducted our audit in accordance wth Intemational Standards on Auditing (UK) (ISAS (UK)} and applicable law. Our responsibilities under those standards are fvrther described in the Auditors sponsIbl1111eS for the audit ol the financial statements section of our report. IAle 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have conduded 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 uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the twstees with respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information induded in the annual report other than the finala1 statements and our auditor's report thereon. The trustees are responsible for the other infomiation contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other information is 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 appar1 material misstatements, we are required to detemiine whether this gives rise to a material misstatement in tIE financial statements themselves. If, based on the work we have performed. we condude that there is a material misstatement of this other infonnation, we are required to reF)Ort that fact. We have nothing to report in this regard.
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CAUSEWAY COAST VINEYARD CHURCH 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 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. 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 internal control as 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 statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disdosing. 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 altemative but to do so. Auditorfs 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 relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assuran 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 assuran but is not a guarantee that an audit conducted in accordance th ISAS {UKI 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 tsken on the basis of these financial ststements. The extent to which our procedures are capable of detecting irregularities, induding fraud, is detsiled below. Our approach to identifying and assessing the risks of material misstatement in respect of irregularities induding 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 n0MplianCe 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. induding the Companies Act 2006, taxation legislation and data protection, antibribery, employment, environmental and health and safety legislation., we assessed the exient of compliance with the la 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.
ids. CAUSEWAY COAST VINEYARD CHURCH chart•r•d accountants INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF CAUSEWAY COAST VINEYARD CHURCH 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 prOdureS which included, but were not limited to.. agreeing financial statements disdosures 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 norFcomp1ian. 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 responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklaudilorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports} Regulations (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. Mrs Alison Wallace (Senior Statutory Auditor For and on behalf of IDS Chartered Accountsrrts LLP. Statutory Auditor Chartered Accountants 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. 10-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered 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 Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other income 771,000 42,884 44,940 448 607 61,295 832,295 42,884 44,940 448 607 902,171 75,575 66,298 273 1,858 60,341 962,512 75,575 66,298 273 1,858 Total income 859.879 61,295 921.174 1,046.175 60,341 1,106,516 Expenditure on: Charitsble activities 793,319 65,414 858,733 1,032,935 67,381 1,100,316 Total expenditure 793,319 65,414 858,733 1,032,935 67,381 1,100,316 Net incomel(expenditure) and movement in funds 66.560 (4.119) 62.441 13,240 (7,040) 6,200 Reconciliation of funds: Fund balances at 1 January 2024 2,066,484 9,377 2,075,861 2,053,244 16,417 2,069,661 Fund balances at 31 December 2024 2,133.044 5,258 2.138.302 2,066.484 9,377 2,075,861 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 11
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets 14 2,728,592 2,770,318 Current assets Debtors Cash at bank and in hand 15 23,218 129,523 35,266 123,309 152.741 158,575 Creditors: amounts falling due within one year 17 (120.665) 1137.548) Net current assets 32,076 21,027 Total assets less curnt liabilities 2,760,668 2,791,345 Creditors: amounts falling due after more than one year 18 (622.366) {715,484) Net assets 2,138.302 2,075.861 The funds of the charity Restricted income funds Unrestricted funds 20 21 5,258 2,133,044 9,377 2,066,484 2,138,302 2,075,861 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 rf the CharitiesAct {Northem Ireland) 2008. The directors aCknOedge their responsibilits.es 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 statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the trustees on 16 September 2025 Mr PR Lynas Trustee Prof. KC Hutchinson Trustee Company registration number N1068677 {Northem Ireland) 12-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operalions 25 114,080 50,088 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tsngible fixed assets Investment income received (15,803) (34,488) 607 448 4.027 273 Net cash used in investing activities (14,748) {30,188) Financing activities Repayment of bank loans (93,118) (88,537) Net cash used in financing activities (93,118) {88,537) Net increasel(decreasel in cash and cash equivalents 6.214 {68.637) Cash and cash equivalents at beginning of year 123,309 191,946 Cash and cash equivalents at end of year 129,523 123,309 13-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information 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 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 sterling. 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. The principal accounting policies adopted are set OLrt below. 1.2 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 trLStees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable 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 specific 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 restricted to that area or purpose. 1.4 Income Income is recognised when the charity is legally enlitled to it after any perf0mlan conditions have been met, the amounts can be measured reliably. and rt 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 perfomiance 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 reIpl or otherwise if the charity has been nokn'fied of an impending distribub-on, the amount is known, and receipt 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. Tumover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and serVIS provided in the nomial course of business. 14-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinued) 1.5 Expenditure 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 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 and fittings 20A straight line on buildings 150h reducing balan The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is estimated in order to detemiine 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 pr&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 fiows 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 (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 reasons for the impaimient 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 exce 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 revaluation increase. 1.8 Cash and cash equivalents 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. 15-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic 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 balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, wth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simullaneously. 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 dassified 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 Caled at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or SeiceS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non<urrent 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. 1.10 Taxation 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 entiljement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense vthen the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 16-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions aboLrt the carrying amount of assets 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 affeds ¢xly 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. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts 771,000 61,295 832,295 902,171 60,341 962,512 Income from charitable activities Unrestricted funds 2024 Unrestricted funds 2023 Charitable activities Encounter More Conference other Conferences & Events Encounter School of Mission Contribution to Shared Servi$ 10,882 14,404 14,389 35,900 16,884 26,000 42,884 75,575 Income from other trading activities unstrICted unStrICted funds funds 2024 2023 Room Hire 44,940 66,298 17-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 448 273 Other income Unrestricted Unrestricted funds funds 2024 2023 Net gain on disposal of tangible fixed assets 607 1,858 18-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activities Charitable activities 2024 Charitable activities 2023 Direct costs Staff costs Travelling Staff Expenses Training Hospitality Gifts Church Resources other Conferences and Events Encounter School of Mission Healing on the Streets Ministry expenses 448,379 4,725 22,234 4,793 11,106 39,676 27,447 814 9,533 638 50,414 629,429 11,284 7.539 2.132 19.589 56.283 29,426 9,482 15,335 1,170 56,894 619,759 838,563 Share of support and governance costs Isee note 9) Support Governan 230,987 7,987 242,523 19.230 858,733 1,100.316 Analysis by fund Unrestricted funds Restricted funds 793,319 65,414 1,032,935 67,381 858,733 1,100,316 19-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activities 2024 2023 Depreciation Insurance utilities Telephone Stationary Bank charges Loan interest Bad debt written off Repairs & renewals Governance costs 57,529 12,880 37,868 6,448 8,064 2,321 33,032 800 72,045 7,987 58,673 13,469 42,430 10,181 10,228 3,105 37,400 67,037 19,230 238.974 261.753 Analysed between: Charitable activities 238,974 261,753 2024 2023 Governance costs comprise: Audit fees Legal and professional 2,570 5,417 2,188 17,042 7.987 19.230 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 Profit on disposal of tangible fixed assets 2,570 57,529 (607) 2,188 58,673 {1,858) 11 Trustees Mr DP Wright was reimbursed £486 in travel expenses in relation to the trustee's meeting during the year 12023 - £1,555). 12 Employees The average monthly number employees (exduding directors) during the year was: 2024 Number 2023 Number 16 20 -20-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employees Icontinued) Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 395,681 30,778 21,920 553,665 45.549 30.215 448,379 629.429 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 107,905 195,316 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14 Tangible fixed assets FehOld land Fixtures and and buildings fittings Totsl Cost At 1 January 2024 Additions 3,090,836 4,191 312,819 3,403,655 11,612 15,803 At 31 December 2024 3,095,027 324,431 3,419,458 Depreciation and impairnient At 1 January 2024 Depreciation charged in the year 425,840 39,989 207,497 17,540 633,337 57,529 At 31 December 2024 465,829 225,037 690,866 Carrying amount At 31 December 2024 2,629,198 99,394 2,728,592 At 31 December 2023 2,664,996 105,322 2,770,318 21
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments and accrued income 14,858 8,360 24,730 10,536 23,218 35,266 16 Loans and overdrafts 2024 2023 Bank loans 714,846 807,964 Payable within one year Payable after one year 92,480 622,366 92,480 715,484 Amounts included above which fall due after five years: Payable by instalments 252,445 312.003 The bank loans are secured as follows.. Floating charge over 10 Hillmans Way. Coleraine. 17 Creditors: amounts falling due within one year 2024 2023 Notes Bank loans other taxation and social security Trade creditors Other creditors Accruals and deferred income 16 92,480 6,340 10,498 10,094 1,253 92,480 10,594 6,269 18,585 9,620 120,665 137,548 18 Creditors: amounts falling due after more than one year 2024 2023 Notes Bank loans 16 622,366 715,484 -22-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge lo profit or loss in respect of defined contribution schemes 21,920 30,215 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 fund. 20 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. At 1 January 2024 Incoming sources Resources expended At31 December 2024 Building fund Healing on the streets Encounter School of Mission Bursaries CRT Love Christmas Kids Offering Anon Donor (IT) Anon Donor (IT) Victoria Holmes (Story Project) Benefact Grant (PC Salary) CCV YTH Move Transport CCV YTH Move Trip Fundraiser 33.032 510 9.462 1.000 22 (33.032) (510) (9.462) (1.000) 118 1,000 8,259 140 1,000 4,118 (4,141) (2,500) (11,000) (1,510) (2,259) 2,500 11,000 1,510 2,259 9.377 61,295 (65,414) 5,258 -23-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Restricted funds Icontinued) Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 Building fund Healing on the streets Encounter School of Mission Bursaries CRT Love Christmas AVX Fencing EM23 Offering George Sports Academy Offering Surestart Offering Kids Offering Anon Donor (IT) Anon Donor (IT) VC Love Ukraine Christmas donation 37,400 (37,400) (860) (3,150) (7,950) (1,500) (2,267) (4.726) (1.770) 2.650 500 7,950 1.500 2.267 4.726 1.770 118 118 1.000 8,259 1.000 12,767 (4,508) (3,210) (40) 3,210 40 16.417 60,341 (67,381) 9,377 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS 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. At 1 January 2024 Incoming resources Resources expended Transfers At31 December 2024 Repairs and replaMentS fund General funds 89,721 1.976,763 2,000 (2.000) 91,721 2,041,323 859.879 (793.319) 2.066,484 859.879 (793.319) 2,133.044 PVIouS year: At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 Repairs and replacements fvnd General funds 88,126 1,965,118 19.000 1,027,175 (17.405) (1,015,530) 89.721 1,976,763 2,053,244 1,046,175 (1,032,935) 2,066,484 -24-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 22 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assetsl{liabilities) Long term liabilities 2,728.592 26.818 (622.366) 2,728.592 32.076 {622.366) 5.258 2,133.044 5.258 2,138.302 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsl{liabilities) Long term liabilities 2,770.318 11,650 (715,484) 2,770.318 21,027 {715,484) 9,377 2,066,484 9,377 2,075,861 23 Financial commitments, guarantees and contingent liabilities Certain grants received and receivable may become repayable to the funder 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 to the liabilities that may arise. -25-
ids. CAUSEWAY COAST VINEYARD CHURCH churtered accountants NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Related party transactions During the year the charity entered into the following transactions with related parties= Included within hospitality were amounts totalling £5.826 {2023 - £11.293) 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 creditors was £368 (2023 - £545). Included within room hire and other income were amounts totalling £4,675 (2023 - £2,350) received from Lynas Foodservi Limited, a company in which Mr Andrew Lynas is a director. There were no amounts outstanding at the year end. Included within shared seNices were amounts totalling £26,000 {2023 - £35,900) reiVed from Vineyard Compassion, a charity with the same directors. The amount owing at the year-end included in other debtors was £nil (2023- £6,400). Included within other creditors were amounts totalling £1.000 (2023 - £7,514) for Love Christmas Grant owed to Vineyard Compassion, a charity wth the same directors. Included within other debtors were amounts totalling £nil (2023- £3,635> for pension contributions owed from Vineyard Compassion, a charity with the same directors. Included within expenditure were amounts totalling £nil (2023 - £2,267) for Fuel poverty Offering to Vineyard Compassion, a charity wth the same directors. There were no amounts outstanding at the year end. 25 Cash generated from operations 2024 2023 Surplus for the year 62.441 6.200 Adjustments for: Investment income recognised in statement of financial activities Gain on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (448) (607) 57,529 (273) {1,858) 58,673 Movements in working capital: Decrease in debtors (Decrease) in creditors 12,048 (16,883) 6,922 {19,576) Cash generated from operations 114.080 50.088 26 Analysis of changes in net (debt)Ifunds At 1 January 2024 Cash flows At 31 December 2024 Cash at bank and in hand 123.309 6.214 129.523 Loans falling due wthin one year Loans falling due after more than one year (92,480) (715,484) (92,480) {622,366) 93,118 (684,655) 99,332 {585,323) -26-