RF.GISTERED COIIPAN'I, .NU)IIIER: N1619487 (Northern Ireland) REGISTERED CH,IRI'I"I' NUI¥IBER: NIC104751 Report of the Trustees and Financial Statements for the Year Ended 31 August 2018 for Lggan Valley Vineyard Chureh Mccleary & Company Lid Chartered Accountants Raiheane House 32 Hillsborough Road Lisburn Co. Antrim BT28 IAQ
Lagan I'alley N"inevard Church Contents of the Financial Statements for the Year Ended 31 August 2018 Page Report of ihe Trustees to2 Independeni Examiner's Report 3104 Sialemenl of Financial Activities Balance Sheet 6t07 Notes lo the Finan¢ial Statements 8t0 14
Lagan N'alley Ifineiard Church Report of the I'rustees for the Year Ended 31 August 2018 The trustees who are also direcioTS of the charity for the pu)0$¢$ of the Companies Act 2006. present their report wiih the financial slalements of the charity for the year ended 31 August 2018. The trnstees have adopled Ihc provisions of Accounting and Re]N)rting by Charities.. Sialement of RecomInended Practice applicable 10 charities preparing their ac¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland (FRS 102) (effeciive l January 2015). OBJECTIVES AND ACTIVITIES Activitie5 Performance The fifth year of Lagan Valley Vineyard church has been challenging and equally fruitful. After the succcss of our discipleship intensive compass ive decided io run it again ivith 28 participanis over the year. We launched cl second morning worship service launching on Easter Sunday 2018. In September 2017 we enrolled our first Weslminsier'fheolo&Jical Centre (WTC) students. we now in partnership with wrc and the Universiiy of Chesier arc offering third level qualificaiions in Kingdom Theology ranging from Higher ducation Cerlificaies through to Masters Degrees. At the end of July. we launched Love Lagan Valley, an iniiialive partnering with S charitable and slalulory agJencies across the Lagan Vall¢y rLgion providing praciical support and help for families and the ongyoing, work of these agen¢ies. We cancelled our Sunday morning servi¢¢ on Sunday 5th August (o encourdge all of our members to get involved. FUTURE PLANS As LVV continues lo grow we reco&Tnise our rbeed to increase our staff. We would hope to employ an Execlltive Pa.8lor and some further admin support over thc next year. We will also be organising and hosting Ihc first Irish Vineyard Leaders gathering in our Altona Vcnuc Ihis Auiumn. We continue to invest in th¢ growth of WTC and our support for our ongoing tAive Lagan Valley partners. S'I'RUC'I'URL, GOVERNAIYCE AND MANAGEMENT Governinki document The chariiy is controlled by its governing do¢ument, a deed of trust, and consiilutes a limited company, limilcd by gTLiarantee, as defined by th¢ Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Itegistered Compaiiy nuniber N1619487 (Northern Ireland) Registered Charity Thumber NIC104751 Registered orrice RathcGine Hoiise 32 Hillsborough Road Lisburn Co. Antrim BT28 IAQ Pae
Lagan Ilallev Vineyard Church Report of the Trust¢e$ ror the l'ear Ended 31 August 2018 RCI FERENCE AND ADLWIIN'ISTRATII'E DETAILS I'rustees Mr S J Br<idley Mr P D Ciirrie Miss R A Foster Mr A R J Masters Mr J M Wilkinson Mr S D Ti¢rn<in Mrs E Wilson Toivn Planner Dirccior Accounthnt CF.0 Engineer Public Relations Accounts Manager - appoinied 1.5.18 resigned 12.9.17 Independent examiner Mccleary & Company Ltd Chartered AcLOUntaThts Iluiheane FIou5e 32 Hillsborough Road l.isbiirn Co. Antrim BT28 IAQ Approved by order of the board of trust¢¢s on 14 May 2019 and signed on ils behalf by.. Mr A R J Masiers Trustee Page 2
Independent Examiner's Report to the Trustee5 of Lagan I'allei. Vinevard Church L report on the accounts of the company for the year ended 31 August 2018, which are set out on pages five to fourteen. Respectii'e responsibilities of charity tru5tee5 and examiner As ihe chariiy's Irusiees (and also the dire¢tors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance wilh the requircmcnts of the Companies Acl 2006. l.laving salistied myself that the chariiy is noi subject to audit under company law and is eligible for indcpendanl exaTninalion. it is my responsibility to= examinc the accounts under section 65 of the Charities Act follow the procedures laid down in thc general Directions given by the Charity Commission for NortheTn Ireland under Seciion 65(9)(b) of the Charities Act state whether particular mailers have come to my atieniion. Basis of the independent examiner's report I have exainined your Lharity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by th¢ Charity Commission for North¢rn Ireland under seciion 65{9)(b) of the Chariiies Acl. The exaiiiination included a review of th¢ accoiinling, reLords kLpt by the charity and a comparison of the accounts presented with those records. It also included Coiisideration of any unusiial items or disclosures in the accounis, and seeking explanations fron) you as ¢harity trustees ¢on¢erning any such mailers. My role is to slate whether any material matters have come to my aiiention giving me cause lo believe.. That accounting records were not kept in accordance iviih section 386 of the Companies Act 2006 That thc accounts do not accord with those accouniing records That the accounts do not comply wilh Ihe accouniing requirements of section 396 of the Coinpanies ALt 2006 and with ihe meihods and principles of ihe Charities Statement of Recoinmended Praclicc applicable lo charities preparing their accounts in accordance witli tlie Financial Reportin&J Staiidard applicablc in the UK and Republic of Ireland That there is further information nttded for a proper understanding of the accounts to be reached. Independent examlner's statement Sincc your charitS gross income exceedcd £250.000 your examiner musl be a member of a listed body. I caft confirm that l am qualified lo undertake ihe examination because l am a register¢d member of Institute of Ch£irtered Accounlants in Ireland which is one ofthe listed bodies. I have Completed my examination and have no concerns in respect of the matters (l ) 10 (4) listed above aiid. in connection with following ihc Dircctions of the Charity Commission for Northern Ireland, I havc foiind no mallers that require drawing lo your altention. Page 3
Independent Examiner's Report to the Trustees of Lagan I'alle!. I'ineyard Church John Mccleary FCA Institute of Chartered Ac¢ountants in Ireland Mcclcary & Company Ltd Cliartered Accoiii)t2nts Ratl)eane House 32 14illsborough Road Lisbiirn Co. Anlrim BT28 IAQ 14 May2019 Page 4
Lagan I'allev I'ineyard Church Statemet of Finallcial Activities for the Yeir Ended 31 August 2018 31.8.18 31.8.17 Restricted Total funds Total funds funds Unresiricied fund Not es INCOME AND ENDOWMENTS FROM Donations and legacies 184.176 195.887 187.872 Investinent income Oth¢r in¢om¢ 54 42,543 59 169.514 44 52,587 126.971 otal 226.773 138.687 365,460 240,503 EXPENDITURE ON Charitablc aclivi¢ies DireLI costs Support costs 218.239 31.044 11.799 230,038 31.044 20.1,659 40,023 'rotAI 249,283 11,799 261,082 243,682 NE'I. INCOMEI(EXPENDITURE) (22.510) 126.888 104,378 (3,179) 'rransfers between funds 6,452) 6,452 Net movernent In funds (28.962) 133.340 104,378 (3,179) HTr:CONCILIATION OF FUNDS Total funds brought forward 159,331 2,384 161,715 164,894 I'O'I'AL FUNDS CARRIED FORWARD 130.369 135.724 266 093 161.715 The rbotes forni part of ihese financial statements
Lagan I'alle!. IKine!*rd Church Balance Sheet At 31 August 2018 31.8.18 31.8.17 Restricted Total funds Toial funds funds Unresiricied fund Not es FIXED ASSETS Tangible assets 106.430 106,430 118.834 CURRLN'I, ASSETS Cash al bank 27,123 135,724 162,847 43,823 CRTr:I)I-I'ORS Amounts lalling due within one year 10 (3,184) (3,184) (942) NET CURRENT ASSETS 23.939 135,724 159,663 42,881 TO'I'AI, ASSKTS LESS CURRENT LIABILITILS 130.369 135.724 266,093 161,715 NET ASSETS 130,369 135.724 266,093 161.715 bUNDS Unrcstricted fiinds Rcstricted fLinds 130,369 135,7?4 159.331 TOTAL Tr UNDS 266.093 161.715 The notes forni part of these financial slalements Page 6 continued...
.agan I'allev Ifinevard Church Balance Sheet- continued At31 August 2018 The charitable company is entitled to exemprion from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018. The members have not required the company to obtain an audtt of ils financial statements for the year ended 31 August 2018 in accordance iyiih Section 476 of the Companies Aci 2006. The trustees acknowledge their responsibilities for (a) ensuring ihai Ihc charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 21)06 and (b) preparing finuncial statements which give 3 true and fair view of the state of affairs of the Charitable company as at th¢ end of each financial year and of its surplus or deficil for each financial year in accordance iviih the requirements of Seciions 394 and 395 and which otherwise comply with the requirements of the Companies Aci 2(6 relating to financial statements. so far as applicable lo the charitable Company. Thcse finclncial slalemenls have been prepared in accordance with the spe¢ial provisions of Part 15 of the Companics Act 2006 relaiing lo charitabl¢ small companies. The financial statements were approved and authorised for issue by the Board of Trustees on 14 May 2019 and were SigTned on its bLhalf by.. Mr A R J Mast¢rs -Tntslcc J M Wilkinson -Truslee The notes forn) part of ihese financial statements Page 7
Lagan Ilallev Vinevard Church Notes to the Financial Statements for the Year Ended 31 August 2018 ACCOUliTING POLICIES Basis of preparing the financial statements The financial siatenicnts of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with rhe Charities SOIiP (FRS 102) 'Accounting and Reporting by Charities.. StateTnenl of Recommended Practice applicable to charitics preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffLrtive l January 2015),, Financial Reponing Siandard 102 'The Financial Reporting Standard appliLable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under the historical cost convention. Ineorne All income is recognised in the Statement of Financial Activities once the charity has entitlement lo th¢ fiinds, il is probable that ihe in¢ome wtll be received and the amounl can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation coii)milling the chariiy lo Ihal eXnd1[ur¢. it is probable that a transfer of economic benefits will be reqLiired in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihal aggregate all cost related to the category. Where costs cannot be directly attributed to particular heading% they have b¥cn allo¢ated to aclivilies on a basis consistent with the use of resour¢es. TAiigible flxed assets D¢pr¢cialion is provided at the following annual rates in order lo write off each alsel over ils estimated useful life. Fixtures and fiiiings 150/0 on reducing balance Taxation The charity is exempt from ¢orporalion lax on its ¢haritable activities. Fund accounting Unrestricted funds can be used in accordance with the charilable objectives at the discretion of the tnistees. Restri¢t¢d funds can only be used for particular restricted purpose5 Wlthin the objects of the charity. Reslriclions arise when specified by the donor or when funds are raised for particular r¢stricled purposes. Furihcr explanation of the nature and purpose of each fund ts included in the noles lo the financial statements. Pension costs and other post-retiretnent benefits The charilablc company operates a defined contribution pension scheme. Contributions payable lo the charitabl¢ company's pension scheme arc charged io the Staiemeni of Fiiiancial Aclivities in Ihe period lo ivhich they relate. Page 8
Lagan I'allev Iyinevard Church Notes to tlie Financial Statement5 - continued for the Year Ended 31 August 2018 DONATIONS AND LEGACIES 31.8.18 31.8.17 Donaiions Gift aid 179.645 16.242 159,927 27,945 195,887 187,872 INVESTMEYT INCOME 31.8.18 31.8.17 Deposit account interest 59 44 O'I'HER Ii%COME 31.8.18 31.8.17 Other income Oihir receipts Mission trip 17,314 152,200 1,665 22,662 169,514 52.587 NET INCOMEI(EXPEf4DI'I'URE) Net incomel(expendilure) is slated after charginW{crediting): 31.8.18 31.8.17 Depreciation - owned assels 12.404 13,883 TRUSTEES, REMUNERATION AND BENEFITS 31.8.18 31.8.17 Trustees, salaries Trustees, social security 32.592 1,641 30,250 1,782 34,233 32.032 Tru5tees' eipenses Therc iverc no trustees, ¢xp¢nses paid for the year ended 31 August 2018 nor for the year ended 31 August 2017. Pagc 9
Lagan Ifalle! I'inevard Church Notes to the Financial St#tements- continued for the Year Ended 31 August 2018 STAFF COSTS The average monthly number of employees during ihe year was as follows.. 31.8.18 31.8.17 Management and admin No employees received emoluments in excess of £60.01. COMPARATIVES FOR THE STATEMEN'T OF FINANCIAL ACTIVITIES Unrestricted fund Restricted Total funds funds INCOME AND ENDOWMLNTS FROM Donations and legacies 183,407 4,465 187,872 Investment income Other income 44 52,587 52.587 TotAI 236.038 4,465 240,503 EXPENDITURE ON Charitable actlvltles DirLcl costs Support cosis 203,294 39,721 365 302 203,659 40,023 Total 243,015 667 243,682 NET INCOMEI{EXPENDITURF.) (6.977) 3,798 (3,179) TrAnsfers betcen funds 5.140 5,140) Net movement in (unds (1,837} (1,342) (3.179) RECONCILIATION OF FUNDS Total funds brought forivard 161.168 3.726 164,894 TOTAL FUNDS CARRlb.D &"ORWARD 159.331 2,384 Page 10
Lagan IKallev I'inel'ard Chureh Notes to the Financial Statements - continued for the Year Ended 31 August 2018 TANCIBLE FIXED ASSETS mprovernent Fixtures and s 10 property fiitings Totals COST Ai I September 2017 and 31 August 2018 132,535 15,136 147,671 DF.PRECIATIOIN At I September 2017 Charge for year 24,102 10.843 4,735 1,561 28.837 12,404 Ai 31 August 2018 34,945 6.296 41.241 NF.T ROOK VAI.UF. At 31 Augyusi 2018 97,590 8.840 106,430 Ai 31 August 2017 108,433 10.401 118,834 10. CRb.DITORS: AMOUNTS FALLING DUE wi"fHIN' ONE YEAR 31.8.18 31.8.17 Social Security and oiher taxes Accruals and defetred income 2.242 942 942 3.184 942 MOVEMENT IN FUNDS Net movemeni in funds Transfers between funds At 1.9.17 Ai31.8.18 Unr¢slricted funds Cy¥nL'ral flind 159,331 (22.510) (6,452} 130.369 Reslrieled funds Building fund Community fund Staff development fund 812 6.076 120.000 (815) 7,267 2,381 15,724 120.000 2.384 126,888 6,452 135,724 TOTAL FUNDS 161.715 104,378 266,093 Pagell
Lagan IIAllev Vinevard Church Notes to the Financial Statements - eontinucd for the Year Ended 31 August 2018 ii. MOVEfvIENT IN FUNDS- continued Net movement in funds. includcd in the above are as follows.. Incoming resources Resources Movement in expended funds Unrestrieted funds General fund 226,773 (249.2831 (22,510) Restricted funds Building fund Community fund Stall development fund 6,808 11.879 120000 (5,996) (5,803) 812 6,076 120000 138.687 (11.7991 126,888 TOTAI, Tr"UNDS 365,460 261,082) 104.378 Comparatlves for movement in funds Nel movement in funds Transfers beiween funds At 1.9.16 Ai31.8.17 Unrestricted Funds General fund 161.168 (6.977) 5.140 159,331 Restricted Tr'unds Building lund Community fund 1.845 1,881 3.798 {5,640) 500 2,381 3.726 3.798 (5,140) 2,384 TOTAL FUNDS 164,894 3,179) 161.715 Page 12
Lagan Vallei, I'inevard Church Notes to the Financial Statements - continued for the Year Ended 31 August 2018 11. MOVEfvIENT IN Fuf4DS- eontinued Comparative nel movement in fvnds. included in Ihe above are as follows: Incoming resources Resources Movement in expended funds Unrestricted funds General fund 236.038 (243,015) (6,977) Restricted funds Building fund 4,465 (667) 3,798 TOTAL FUNDS 240.503 243,682) 3,1791 A current year 12 months and prior ycaT 12 months combined position is as follows.. Nel nK)v¢m¢nl in funds Transfers between funds At 1.9.16 At31.8.18 Unrestricted fund5 Gen¢ral fvnd 161,168 (29.487) (1.312) 130,369 Restrlcted funds BuildinLY lund Cominlinity fund Staff dLvelopmenl fund 1.845 1.881 4.610 6,076 120,000 (6,4551 7.767 15,724 120.000 130,686 1,312 135,724 TOTAL FUNDS 164,894 101,199 266,093 Paue 13
Lagan Valley Ilinel'ard Church Notes to the b"inancial Statements - continued for the Year Ended 31 August 2018 11. MOVEMENT IN FUNDS- continued A curreni year 12 months and prior year 12 monihs combined net movement in funds, included in the above are as follows: Incoming resources Resources Movement in expended funds Unre5trieted fund% General fund 462.811 (492.2981 (29,487) Reslrictcd funds Building fund Communiiy fund Staff development fund 11.273 11,879 120.000 (6,663) (5.803) 4,610 6.076 120,000 143.152 12.466) 130,686 TO'fAL FUNDS 605,963 504,764) 101,199 StAff development fund Donation r¢ceived for help with salary costs. 12. RELATED PARTY DISCLOSURF.S There were no related party tfdftsactions for ihe year ended 31 August 2018. Page 14