Vineyard Church Dungannon Trustees, Report The ttustees present the annual report together with the financial statements of the charity for the year ended 31 DecembeT 2023. Objectives and activities Publie benefu 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 service on Sunday and youth club. The significant giving PTovides us with the opportunity to provide assistance to the foodbank, refugee crisis and to India. The trustees confm that they have complied with the requirements of the Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Comrnission for Northern ITeland. As trustees, our primary responsibility is for the sound financial and legal management of the church, creatin foundation from which the ministries of the church can function. From the trustees 2023 has been a challenging year for Vineyard Church Dungannon. The church continued to recover from the Covid pandemic. and we experienced significant extra demands for pastoral care, and practical help and support. 2023 also saw our Senior Pastors resign from their 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 trustees to seaTch foT a replacement. Two rounds of recruitment were operated, and on both occasion5 the church had credible candidates who were interviewed. On both occasions, however, no p¢rson was appointed, and as of December 2023. it was aJ(v eed that a Senior Leadership Tearn would manage the day to day activity of the church, whilst th¢ trustees would continue in theiT oversight 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 2023. Despite the challenges, the church continued to function and to deliver 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 increase from 2022. The food bank operated thanks to the equivalent of 559 volunteer days. It distributed 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. Thi5 consisted of 54 people, of all aoes, serving the town in PTactical ways, through sign cleaning, litter picking, painting and maintenance at local facilities. Outward Focussed Christmas Page 2
Vineyard Church Dungannon Trustees, Report (continued) Outward Focussed ChTi5tmas 2023 was another busy Christmas distributing luxury hampeTS to our local community. 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. Sure Start. STEP. Women's Aid, Causeway & Mid-ulster" Family Intervention Team. First Step Wotnen's Centre" PSNI. Clemen Cuthbertson (Councillor). and De Paul Hostel. On 21 December 2023 we provided 65 ChTiStmas meals for food bank guests on our premises. Structure, governance and management Financial instruments Objec¢ives andpolicies The charity's activities expose it to a number of financial risks including credit risK cash flow risk and liquidity risk. Th¢ us¢ of financial derivatives is governed by the charity's policies appToved by the board of trustees, which provide HTitten principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes. Credlt risk The charity's principal financial assets are bank balances and cash. The credit risk on liquid funds is limited d The charity has no significant concentration of credit risk. Llquldity risk In ord¢r to maintain liquidity to ensure that sulTicient funds are available for ongoing operations and future developments, the charity uses a mixture of long-terni and short-tern] debt finance. Further details regarding liquidity risk can b¢ found in the Staternent of accounting policies in the fmancial 5tatement5. The annual report was approved by the trustees of the charity on 16 October 2024 and signed on its behalf by.. Jonathan Bimie stee Page 3