Charity registration nurnber.. 104612 Vineyard Church Dungannon AnT]ual Report and Financial Statements for the Y¢ar Ended 31 December 2023 Thomas Oliver and Associates Limited Certified Publtc Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH
Vineyard Church Dungannon Contents (continued) Reference and Adrninistrative Details Trustees, Report 2to3 Statement of Trustees, Responsibilities Independent Examinevs Report 5t06 Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t015
Vineyard Church Dungannon Reference and Administrative Details Tru5tee5 Mr Andrew Masters Mr Jonathan Birnie Mr Thomas Bailey Paula Kelly David Moore Keith WaTwick Charity Registratlon Number 104612 Principal Office Alexander House Main Street Moyoashel Co Tyrone BT717QS Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co T)Tone BT717DH Independent Examiner
Vineyard Church Dungannon Trustees, Report The trustees present th¢ annual Teport together with the financial statern¢nts of the charity for the year ended 31 Decemb¢r 2023. Objectives 2nd activities Public benef Through weekly Sunday community celebrations family stability and well being are achieved. The food bank provides relief for those in need. Support and advance education is provided to children through a seTvice on Sunday and youth club. The significant giving provides us with the opportunity to provide assistsnce to the foodbank. refugee crisis and to India. The twstees conflllll that they have complied with the requirements of the Charities Act (Northem Treland) 2008 to have due regard to the public b¢nefit guidance published by the Charity Commission for Northern Ireland. As trustees, our primary responsibility is for the sound financial and legal management of the church, creatin foundation from which the ministri¢s of the church can function. From the trustees 2023 has been a challenging year for Vineyard Church Dungannon. The church continued to recover frorn the Covid pandemic, and we expeTienced significant extra demands for pastoral care, and practical help ana support. 2023 also saw OUT Senior Pastors resign from theiT Post after 20 years leading the church. They provided the church with six months notice of them stepping down which was intended to enable the tSteeS to search for a replacement. Two rounds of recruitment were operated, and on both occasions the church had credible candidates who were interviewed. On both occasions, however. no person was appointed, and a5 of Decernber 2023. it was agreed that a Senior LeadeTship Team would manage the day to day activity of the church. whilst the tnjstees would continue in their oveTsight Tole, ensuring legislative compliance. Our Associate Pastor decided not to take the role of Senior Pastor and stepped down and left the church in December 202J. Despite the challenges, the church continued to function and to dellver against its stated aims. Compassion at the Vineyard In 2023 we continued to see significant demand at our compassion ministy. Over 7500 individuals Teceived support, including food and household items from Dungannon Foodbank. A 200/0 incre&s¢ from 2022. The food bar operated thanks to the equivalent of 559 volunteer days. It distrtbuted food and household essentials to a retail value of £115 000. Outward focus and serving In June 2023 we gathered volunteers to Give a Day to Dungannon. This consisted of 54 people. of all ages, serving the town in practical ways. through sign cleanin& litter picking, paintints and maintenance at local facilities. Outward Focussed Christmas Page 2
Vineyard Church Dungannon Trustees, Report (continued) Outward Focussed Christmas 2023 was another busy Christmas distributing luxury hampers to ow local corntnunity. Along with our weekly food bank service, we put together 260 hampers to give to those most in need, through referrals from our local partners" SuTe Start. STEP,. Women's Aid, Causeway & Mid-Ul5ter; Family Intervention Team. First Step Women's Centre. PSNI. Clernen Cuthbertson (Councillor). and De Paul Hostel. On 21 December 2023 we PTovided 65 Christmas meals for food bank guests on our premises. Structure? governsnce and management Financial instruments Objectives andpolicies The charity's activities expose it to a number of financial risks including credit risk, c&sh 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 Titten principles on the use of financial deTivatives to manage these Tisks. The charity does not use derivative financial instnunents for speculative purposes. Credit risk The charity's principal financial assets are bank balances and cash. The credit risk on liquid fldS is limited d The charity has no significant concentration of Credit risK Liquldity risk order to rnaintain liquidity to ensure that sulricient funds are available for ongoing operations and fvture developrnents, the chartty uses a mixtsjre of long-terni and short-tern] debt fmance. Further details regarding liquidity risk can be found in the StaterneDt of accounting policies in the financial statements. The annual report was approved by the trustees of the charity on 16 October 2024 and signed on its behalf by: Jonathan Birnie stee Page 3
Vineyard Church Dungannon Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Ktngdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable to charities requiTes the trustees to prepare financial statements for each fmancial 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 of the charity for that period. In preparing these fmancial 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 accounting standards have been followed, subject to any material departures disclosed and explainea in the financial statements. and prepaTe the fmancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for ke¢ping proper 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 Charities Act (Northern Ireland) 2008, the applicable Charitie5 (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeouarding the assets of the chaTity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and fmancial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ frorn legislation in other jurisdictions. Approved by the trustees of the charity on 16 October 2024 and signed on its behalf by: r Jonathan Birnie rustee Page 4
Vineyard Church DungaDnon Independent Examiner's Report to the trustees of Vineyard Church Dungannon report to the trustees on my examination of the accounts of Vineyard Church Dungannon for the year ended 31 December 2023. Responsibilities and basis of report As the charity's tStee5 of Vineyard Church Dungartnon you aTe 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 down in the general Directions given by the Commission under section 65(9){b) of the Charities Act state whether particular rnatteTS have corne to my attention Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and rny examination was carried out in accordance with the general directions g?ven by the Charities Commission for Northern Ireland under section 65 (9)(b) of the Charities Act. My examination included the review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attentions giving me cause 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 accounting records 3 That the accounts do not comply with the accounting requirements of the Charities Act 4 That there is firther infomation needed for a proper understanding of the accounts to be reached. Page 5
Vineyard Church Dungannon Independent Examiner's Report to the trustees of Vineyard Church Dungannon (continued) Independent examiner's ststement I have completed my examination and have no concerns in respect of the rnatters (l) to (4) listed above and, in connection with the following Directions of the Charity Commission for Northem Ireland. I have found no matters that require drawing to your attention. Thorn O a¥epand Afsociates Limited Certif1ed Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH 16 October 2024 Page 6
Vineyard Church Dungannon Statement of Financial Activities for the Year Ended 31 December 2023 Unrestricted funds Restricted funds Total 2023 Note Income and Endowtnents from: Donations and legacies 110,430 118,416 228,846 Total income 110.430 118,416 228.846 Expenditure on: Other expenditure (102,787) (88,332) (191,119) Total expenditure (102.787) (88,i32) (191,119) Net income 7,643 30,084 37,727 Net mov¢rnent in fimds 7,643 30,084 37,727 Reconciliation of funds Total fimds brought fonvaTd Total funds carried fonvaTd 71,890 101,814 173.704 79,533 Unrestricted funds 131,898 Restricted funds 211,431 Tot81 2022 Note Incom¢ and Endowments from: Donations and legacies Total income 110,548 126,527 237.075 110,548 126,527 227,075 Expenditure on: Other expenditure (144,893) (101.009) (245,902) Total expenditure (144.893) {101,009) (245,902) Net (expenditure)lincorne (34,345) 25,518 (8,827) Net movement in funds (34,345) 25,518 (8.827) Reconeiliation of funds Total funds brought fonvard 106.235 76,296 182.531 Total funds Caled forward 71,890 101,814 173,704 All of the charity's activities derive from continutng operations during the above two periods. The funds breakdown for 2022 is shown in note I l. The notes on pages 9 to 15 forn] an integral part of these financial statements. Page 7
Vineyard Church Dungannon (Registration number: 104612) Balance Sheet as at 31 December 2023 2023 2022 Note Current assets Debtors C&sh at bank and in hand 15.429 200,648 12,033 165,399 l77,432 216,077 Creditors: Amounts falling due within one year io (4.646) (3,728) Net assets 211,431 173,704 Funds of th¢ charity: Restricted income funds Restricted funds 131,898 101,814 Unrestricted income funds Unrestricted funds 79,533 71,890 Total funds 211,4Jl 173,704 The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 16 October 2024 and signed on their behalf by.. onathan Birnie stee The notes on patses 9 to 15 forni an intetrral part of these financial statements. Page 8
Vxneyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2023 l Accounting policies Statement of Compliance The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recomrnended Practice issued in October 2019, the Financial Reporting Standard applicabl¢ in th¢ United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basi5 of preparation Vineyard Church Dungannon meets the definition of a public benefit entity under FRS 102. The accounts (financial stat¢ments} have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. Going coneern The trustees consider that there are no material uncertainties about the charity's ability to continue as a goincr concern. Income and endoivments Voluntary incon]e including donations, gifts, l¢gacies and grants that provide core funding or aTe of a general nathre is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when Teceipt is probable and the amount can be reliably rneasured. Grants recelvable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the orant5 have been rnet. Where perforniance conditions are attached to the grant and are yet to be rnet. the incorne is recognised as a liability and included on the balance sheet as deferred income to be released. Expenditure All expenditUTe is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement TS required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate sitnilar costs to that category. Where cost5 cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation Charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 9
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defltiOn of a charitable company for UK cory)oration tax purposes. Accordino5y, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the CoTporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such incorne or gains are applied exclusively to charitable purposes. Depreciation and amortisation Depreciation is provided on tangible fed assets so as to NsTite off the cost or valuation, less any estimated residual value, over their expected use1 economic life as follows.. A55et class Fixtures and fittings Depreciation method and rate 250/0 straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services perfornied in the OTdinary course of business. Trade debtors are reco.(mised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for irnpairnient. A provision foT the impainnent of trade debtors is established when there is objective evidence that th¢ charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call dep051ts, and other short-term highly liquid investments that are readily convertible to a kno 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 right, at the end of the reporting period. to defer settlement of the creditor for at least twelve months afteT the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they aTe presented 85 Thon-cuent liabilities. are recognised initially at the transaction PTice and subsequently measured at amortised cost using the effective interest method. Page 10
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redernption being recognised as a charge to the Statem¢nt of Financial Activitie5 over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest rnethod and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months afteT the reporting date. Fund structure Unrestricted income fimds are general funds that are available for use at the tNst¢¢s discretion in furtherance of the objectives of the charity. Restricted incorne funds are those donated for use in a particular area or for specific pUOses, the use of which is restricted to that area or purpose. 2 Income from donations and legacies Unrestrieted funds General Restricted funds Total funds Donations and legacies. Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants. Grants from other agencies Regular giving and capital donations Total for 2023 7,000 I,670 15,428 23,953 30,953 1,670 15.428 94,463 94,463 86,332 110,430 118,416 228,846 Tolal for 2022 110,548 126,527 237,075 Page 11
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 3 Other expenditure Unrestricted fund5 General Restricted funds Total funds Note Staff costs Wages and salaries Pension costs Independ¢nt examiner fees Examination of the financial statements Trustees remuneration and expenses Other resources expended 35,049 1.008 35,049 1,008 846 31,182 34,702 846 31.182 123,034 88,332 Total for 2023 102,787 191,119 Total for 2022 144,893 101,009 245,902 4 Trustees remuneration and expenses DuTing the year the charity made the following transactions with trustees: Mr Jason Scott Mr Jason Scott received remuneration of £29.960 (2022: £35.247) during the year. No trustees have received any reirnbursed expenses OT any other benefits from the charity during the year. 5 Staff costs The aggregate payroll costs were as follows.. 2023 2022 Staff costs during the year were: Wages and salaries Social security cost5 Pension costs 35.049 48.051 881 1,215 1,008 36,057 50,147 No ernploy¢e received ernoluments of more than £60,000 during the year Page 12
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 6 Independent examiner's remuneration 2023 2022 Examination of the financial statements 846 1,074 7 Taxation The charity is a registered charity and is therefore exempt from taxation. 8 Debtors 2023 2022 Other debtors 15,429 12,033 9 Cash and cash equivalents 2023 2022 Cash at bank 200,648 165,399 10 Creditors: amounts f211ing due within one year 2023 2022 Trade creditOTS Other taxation and social security Other creditors 1,920 273 2,453 52 3,668 4,646 3,728 Page 13
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 11 Funds Balance at 31 Deeernber 2023 Balance at I January 2023 Incoming resources Resources expended Unrestricted funds General 71,890 110,430 (102,787) (88,332) 79,533 Restricted funds 101,814 118,416 lJl,898 Total funds 173,704 228,846 (191,119) 211,431 Balanee at 31 December 2022 Balance at I January 2022 Incoming resources Resources expended Unrestricted funds General I06,235 110,548 {144,893) (101,009) 71,890 Restricted funds 76,296 126,527 101.814 Total funds 182,531 237.075 (245,902) 173.704 12 Analysis of net assets between funds Unrestricted funds General Total funds at 31 December 2023 Cuent assets Cuent liabilities 216,077 (4,646) 216.077 (4,646) Total n¢t assets 211,431 211,4Jl Unrestricted funds General Total funds at 31 December 2022 Cuent assets Current liabilities 177.432 (3.728) 173,704 177,432 (3.728) Total net assets 173,704 Page 14
Vineyard Church Dungannon Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 13 Analysis of net funds At31 December 2023 At l January 2023 Financing cash flows Cash at bank and in hand 165,399 35,249 200,648 Net debt 165,399 35,249 200,648 Page 15