Charity registration number.. 104612 Vineyard Church Dungannon Annual Rert and Fin8n¢ial Ststements for the Year End¢d 31 Dember 2022 Thoma5 Oliver and Asso¢iates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT7 L 7DH
Vineyard Church DunganDon Contents (continued) Reference and Administrativ¢ Details TStees, Report 2to3 ststement of Trustees, Responsibilities Independent Exarninerfs Rew)rt Statement of Financial Activities Balance Sheet Notes to the Financia] Statements 8t013
Vineyard Church Dungannon Reference and Administrative Details Trustees Mr Jason Scott Mr Stephen Mccammon Mr Andrew Masters Mrs Ruth Walker Mr Jonathan Birnie 104612 Charity Regi5trAtion Number Principal Office Alexander House Main Street Moygashel Co Tyrone BT717QS Thomas Oliver and Associate5 Limited Certified Public Accountsnt l Moyg&shel Mills Park Dungannon Co Tyrone BT717DH Indepeftdent Examiner Page I
Vineyard Church Dungannon Trustees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2022. Objectives and activitAt5 Public btnefil Through weekly Sunday community Celebrations family stsbility and well being are achieved. The food bank provides relief for those in need. Support and advance education is provided to children through an afterschools service and youth club. The SIlfICant giving provides us with the opportunity to provide &8SiSt4nce to OFC. refi3gee crisis and to GFM in Indi& The trustees confirni that they have complied with the requirements of the Charities Aet (Northem Ireland) 2008 to have due regard to the public benefit guidance published by the Ckwity Commission for Northern Ireland. A5 Trustees. our primary responsibility is for the sound fmancia] and legal management of the church, helping to have a finn base on which the real work can take place. From the trustees In 2022 we set out to strengthen our ministries. We spent the eaTly part of the year gathering our children and youth volunteers to encourage them and do safeguarding training for our leaders. We also increased our social gathering5 with ladies and men's events throughout the year. COMPASSION AT THE VINEYARD In 2022 we experftenGed yet another spike in demand for our Foodbank. 6,287 people received food and other nece53ities. 729 volunteeer days were donated. The Foodbank dt5tributed over £ 91.500 worth of food and essentials. OUTWARD In June 2023 we gathered volunteeT3 to Give a Day to Dungannon. This consisted of 40 volunteers showing up together. young 2nd old and serving the to1 in practical ways. OUTWARD FOCUSED CHRISTMAS Outward Focused Chrtstmas 2022 w&8 another busy Christmas distributing luxury hampers to our local community. Along with our weekly foodbank service, we put together over 380 hampers to give to those most in need thrnugh referrals from all our partner agencte5, STEP, Women's Aid, BCM. Social Worf( team5, First Step Women's Centre. De Paul Hostel, local GP'S and others. On 22nd December we provided 60 Cluistma5 meals for foodbank guests on our wemises. Page 2
Vineyard Church Dungannon Trustees, Report (continued) Strncturey governance 4nd m&nagement Financial instruments Objectlves andpolicies The charity'5 activities expose it to a number of financial risks including credit risK cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage the5¢ risks. Th¢ Charity does not use derivattve financial instrtllnents for speculative purposes. Credii riyk The tharity's principal financial assets are bank balances and cash, The credit risk on liquid funds is lin)ited d The charity h&8 no significant concentrdtion of credit risk, Liquidity rfsk In order to maintain liquidity to ensure that sufficienl funds are available for ongoing operations and future developments, the charity uses a mixture of long-tenn and short-terni debt finance. Further details regarding liquidity risk can be found in the Statement of arcounting policies in the financial statements. The ual report was approved by the trustees of the charity on I I September 2023 and signed on its behalf by., Jason Scott stee Page 3
Vineyard Chureh Dungannon Statement of Trustees, Responsibilities The tNst¢es are reswjnsible for preparing the trustee5' report and the financial statements iti accordance with the United Kingdom Accounting Standards (Unitsd Kingdom GeneraIly Accepted Accounting Practice) and applicable law and regulations. The law appli¢able to charities requires the trustees to prepare financial st&ements for each financial year Nvhich give a tnje and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these fm8nciaI statements, the tjwtees are required to: select Suitable accounting policies and then apply them consistently; observe the method5 and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. stste whether applicable accounting standard5 have been followe4 subject to any material departures disclosed and explained in the fllwicial statements. and prepare th¢ financial ststements on the going ¢oncern basis unless it is inappropriate to pr¢sume that the charity Nvill continue in business. The trustees are responsible for keeping proper accounting reconts that disclose with reasonable accurw at any time the fancial position of the charity and enable them to ensure that the fmancial statements cornply with the Charities Act (Northern Ireland) 2008. the applicable Charities (Accounts and Reports) Regulations. and the provisions of the constitution. The trustees are aIso responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitie5. The trustees are reS)nSIble for the maintenance and integrity of the Corporate and financial infomiation inrluded on the charitable company's website. Legislation governing the preparation and dissemination of financial ststements may differ from legislation in other jurisdtGtions. Appro d by the trustees of the charity on I I September 2023 and signed on it5 behaIf by: Jason Scott Trustee Page 4
Vineyard Church Dungannon Independent Examiner's Report to the trustees of Vineyard Church Dullgannon I report to the tnteeS on my examination of the accounts of Vineyard Church Dungannon for the yeat ended 31 December 2022. Respollsibilities and basis of report As the charity's trustees of Vineyard Church Dungannon you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsibility to - examine the accounts under section 65 of the Charities Act - follow the procedures laid dovm in the general Directions given by the Commission under section 65(9)(b) of the Charities Act - state whether particular matters have come to my attention Basis ofindependent examiner's report I have examined your charity accounts &8 required under seetion 65 of the Charities Act and my examination wa5 CaIed out in accordaryce with the generdl directions given by the Charities Coffjmission for Northern Ireland under section 65 (9)(b) of the Charities Ath. My examination included the Teview of the a¢counting Tecords kept by the charity and a compari50n of the accounts presented with those records. It also included consideration of any unusual items or di3closures in the accounts, and seeking explanations from you as ch&ity trustee5 concerning any such matter5. My role is to State whether any material matters have come to my attentions giving me Gause to believe:. l That accounting records were not kept in accordance with section 63 of the Charities Act 2 That the accounts do not accord with those aGcounting records 3 That the accounts do not comply with the accounting requirements of the chltieS Act 4 That there is fiuther inforntiOn needed for a proper understanding of the accounts to be read]ed. Independent examiner'5 Stateent I have completed my examination and have no concerns in respect of the matter5 (1) to (4) listed above an¢L in connection wtth the following Directions of the Charity Commission for Northern Irelan¢ I have found no matters that require drawing to your attention. as Iver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH I I September 2023 Page 5
Vineyard Church Dungannon Statement of Financial Activities for the Year Ended 31 December 2022 Unrestrficted funds Restricted funds Total 2022 Nots IDcome gDd Endowments from: Donations and legacies Total income 110.548 126,527 237,075 110,548 126.527 237,075 Expendithre on: Other expenditur¢ (144.893) (101,009) (245.902) Total expenditure Net (expenditureyincome Net movement in fLmds (144,893) 101,009 (245,902 (34,345) 25,518 {8,82 (34,345) 25,518 (8,827) Reconciliation fullds Total funds brought forward Total funds caTried fonvard 106,235 76,296 182,531 li 71.890 101,814 Restricted funds 173,704 Total 2021 UDrestricted runds Not¢ Income and Endowm¢nts from: Donation5 and legacies 150,190 73,858 224,048 Total income 150,190 73.858 224.048 ExpeDdititre oll: Other expenditure Total expenditure (145,249) {82,308) (82,308) (227.557) 145,249) (227,557) Net inwme/(exp¢nditure) Gros5 transfers between funds 4,941 (3,723) (8.450) 3,723 (3.509) Net movement in fijnds 1,218 (4,727) (3.509) Reconciliation of lld5 Total funds brought forward Total fimds carried forwdrd 105,016 81.023 186.039 Ll 106,234 76,296 182,530 All of the charity's activities derive from continuing operations during the above two periods. The fund8 breakdown for 2021 is shown in Thote I l. The notes on pages 8 to 13 fonn an integral part of these financial stat¢rnents. Page 6
Vineyard Church Dungannon (Registration number: 104612) Balance Sheet as at 31 December 2022 2022 2021 Note Curr¢Dt assets Debtors Cash at bank and in hand 12,033 165,399 24,933 214,653 239,586 177,432 Credfitors: Amounts fallillg due within one year Net assets io (3,728 57,056) 182,530 173.704 Funds of the eharhy: Restricted income funds Restrftcted funds 101.814 76,296 Ullrestricted income fiwds Unrestricted fjjnds 71.890 106.234 Total fuuds 173,704 182,530 The fmancial Statements on page5 6 to 13 were approved by the trustees, and authorised for issue on 11 September 2023 and signed on their behalf by., Ja50n Scott stee The notes on pages 8 to 13 fonn an integral part of these financial statements. Page 7
Vineyard Cbureh Dunganllon Notes to the Financial Statements for the Year Ended 31 December 2022 l A¢collnting policies ststement of comp]ianee The financial statements have been prepared in aGcord8nce with the second edition of the Charities Ststement of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Bas58 of preparation Vineyard Chur¢h Dungannon meets the definition of a public benefit entity undeT FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transactlon value unless otherwise stated in the relevant note(s) to these ¥counts. Going concern The trustee5 nSider that there are no rnaterial uncertainties about the charity's ability to continue as a going concern. Intome and endowments Voluntary income including donations, gift4 legacies and grants thal provide core fidIng or are of a 8¢neral nature is recogNised when the charity ha5 entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donationg and leg4cI Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grap receivable Grdnts are recognised when the charity has an entitlement to the fun(18 and any conditions linked to the have been met. Where perfomiance conditions are attached to the grdnt and are yet to be me( the income is recognised a5 a liability and included on the balance sheet as deferTed incon]e to be released. Expelldiiure All expenditure is reco&mised once there is a legal or constructive obligation to that expenditure, it is probable settlement is r4uired and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot b¢ directly attributed to particular headings they have been allocated on a basis consistent with the use of resourc¢s, with central staff costs allocated on the basis of time spent, and depreciation tharg¢s allocated on the portion of the asset's use. Other supw)rt costs are allocated based on the spread of staff wsts. Taution The charity is nSidered to pass the tests Set out ID Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK COTporation t&x purposes. Accordingly, the charity 15 Potentially exempt from taxation in respect of income or capitsl gains received wtthin categories covered by Chapter 3 Part i i of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeabl¢ Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 8
Villeyard Church Dungallnon Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) Depreciation and amortisation Depreciation is provided on tsngible fixed assets so as to WTite off the cost or valuation, less any estimated residual value. over their expected usefu] economic life as follows: Asset class Fixtures and fittings Depreciation method and rats 25 /0 straight line Trade debtor5 Trade debtors are amounts due from customers ftir merchandise sold or services perfornied in the ordinary course of business. Trnde debtor5 are rerognised initially at the transaction price. They are subsequent]y Mured at amortised cost using the effective interest method, less provision for impainnent. A provision for the impairnent of trade debtors 15 established when there is objective evidence that the charity will not be able to collect all amounts due according to the Original tern of the rKeivables. Cash and eash equiv4lellts Cash and c&8h equivalents comprise cash on hand and call deposits, aod other short-terni highly liquid investjnents that are readily ¢onvertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional righ¢ at the end of the reporting period. to defer settlement of the creditor for at least twelve months after the reporting date. If there is an un¢onditional right to defer settlement for at le&£t twelve months after the rep)rting dat¢, they are pr¢sented as non-current liabilities. are recognised initially at the transaction price and subsequently measured at amortised cost using the effertive interest method. Borrowings Interest-bearing borrowings are initially recorded at fair valu4 net of transaction costs. Int¢rest-bearing borrowings are subsequently CaIed at amortised cosL with the diffmce between the proceeds, net of transaction costs, and the amount due on redernption being recognised as a charge to the Statement of Financial Activiti over the period of the relevant borrowing. Interest expense is recognised on the basT5 of the effective interest method and is included in interest payable and similar charges. Bom)wings are classified a5 current liabilities unless the Gharity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structhre Unrestricted income fimds are general fun¢l8 that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 9
Vineyard Church Dungannoll Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 2 Ineome from donations and legacies Unrestricted funds General Rtstricted Total funds Donations and legacies. Donations from individuals Legacies Gift aid reclaimed Grants, including capitaI grants; Grants from other agencies Regular giving capital donations TotAI for 2022 7.280 1,570 15,199 49,589 56.869 1,570 15.199 76.938 76.938 86.499 86,499 110.548 126.527 237,075 Total for 2021 150,190 73,858 224,048 3 Other expenditure Unrestricted funds GeDeral Restricted fullds Total funds Note Stsff costs Wages and sataries Social security Pension costs Independent examiner fees Examination of the financial statements Trustees remuneration and expenses Marketing and publicity Other resource5 expended Totsl for 2022 48.051 881 1,215 48,051 881 1,215 1,074 37,028 844 55.800 1.074 37,028 844 156,809 101,009 144,893 101,009 245,902 Total for 2021 145,249 82.308 227.557 4 Trustee5 remuneration and eipeDses During the year the charity made the following transactions with trustees: Mr Jason Scott Mr Jason Scott received remuneration of £35247 (2021: £33.569) during the year. No tnjstees have received any reimbursed expert or any other b¢nefits from the charity during the year. Pag¢ 10
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2022 (continued) 5 Staff costs The aggregate payroll costs were as frillows." 2022 2021 Staff tosts during the year were: Wages and salaries Social security costs Pension costs 48,051 881 1215 63,505 1.733 1,383 50,147 66,621 No employee received emoluments of more thaj) £60,000 durtng the year 6 Independent examiner'5 remuneratio 2022 2021 Examination of the financial statements 1.074 1,048 7 Taxation The charity is a registered charity and ts therefore exempt from taxation. 8 Dtbtors 2022 2021 Other debtors 12,033 24,933 9 C9sh and eash equivalents 2022 2021 C&sh at bank 165,399 214,653 10 Creditors: amoullts falling due wlthin one year 2022 2021 Trade creditors Other taxation and social security Other creditors Accruals 52 32.302 3,668 21,721 3.025 3.728 57.056 Pagell
Vineyard Church Dullgannon Notes to tbe FiDaneial Statements for the Year Ended 31 December 2022 (continued) 11 Funds Balance st I Jalluary 2022 Balance at 31 December Ineomlng resourets Resources expended 2022 Unrestrieted funds General 106235 110,548 (144,893) {101,009) 71,890 Rtstrieted lld5 76,296 126,527 101,814 Total funds 182,53 1 237,075 (245,902) 173,704 Balane¢ at I January 2021 Balance at 31 December 2021 Incoming resources Resources eellded Transfers Unrestricted funds General 105,016 150.190 (145,249) (3,723) 3,723 106.234 Restrlctsd fvnds 81.023 73,858 82,308 76,296 Total funds 186,039 224,048 227,557) 182,530 12 Analysi5 of net assets between tsnds Unrestrieted fund5 General Total lldS at 31 Decen)ber 2022 Current assets Current liabilities 177,432 {3,728) 173.704 177,432 (3.728) Total net assets 173,704 Unrestricted funds Generaj Totgl thnds at 31 December 2021 Current assets Current Liabilities 239,586 (57,056) 182,530 239,586 (57,056) 182.530 Total net assets Pag¢ 12
Vineyard Church DuDganllon Notes to the Financial Ststements for the Year Ended 31 December 2022 (continued) 13 Analysis of llet funds At31 Decejllber At l January 2022 2022 C&8h at bank and in hand 214,653 214.653 Net debt 214,653 214,653 At31 December At I J8Duary 2021 2021 Cash at bank and in hand 222,945 222,945 Net debt 222,945 222,945 Page 13