## **Company Registration Number: NI619487 Charity Number: 104751**
**Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital)**
**Annual Report and Audited Financial Statements**
**for the financial year ended 31 August 2025**
**Finegan Gibson Ltd Chartered accountants and Registered auditors 2nd Floor Causeway Tower 9 James Street South Belfast Antrim BT2 8DN Northern Ireland**
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) CONTENTS**
||**Page**|
|---|---|
|Reference and Administrative Information|3|
|Trustees' Annual Report|4 - 6|
|Statement of Trustees' Responsibilities|7|
|Independent Auditor's Report|8-10|
|Statement of Financial Activities|11|
|Balance Sheet|12|
|Statement of Cash Flows|13|
|Notes to the Financial Statements|14 - 20|
**2**
**Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) REFERENCE AND ADMINISTRATIVE INFORMATION**
## **Trustees**
Mrs HR Lewis Mrs RH Major Mrs E Wilson (Resigned 11 September 2025) Mr JM Wilkinson Mr ARJ Masters Mr AP Wilson
**Charity Number in Northern Ireland**
104751
**Company Registration Number** NI619487 **Registered Office and Principal Address**
Ivan Shannon & Company, 39 Church Street, Ballynahinch Down BT24 8AF Northern Ireland
## **Auditors**
Finegan Gibson Ltd Chartered accountants and Registered auditors 2nd Floor Causeway Tower 9 James Street South Belfast Antrim BT2 8DN Northern Ireland
**3**
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT**
for the financial year ended 31 August 2025
The trustees present their Trustees' Annual Report, combining the Directors' Report and Trustees' Report, and the audited financial statements for the financial year ended 31 August 2025.
The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Trustees' Report contains the information required to be provided in the Trustees' Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees.
In this report the trustees of Lagan Valley Vineyard Church present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 August 2025.
The charity is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, although not obliged to comply with the Statement of Recommended Practice applicable in the UK and Republic of Ireland FRS 102, the organisation has implemented its recommendations where relevant in these financial statements.
## **Mission, Objectives and Strategy**
## **Objectives**
We are a local church based in the City of Lisburn, we exist to bring the life of Jesus to every person and every part of Lisburn and the Lagan Valley region. We exist to see those people and places discover and live in the fullness of God’s design and destiny for them, joining God in making all things new.
## **Public Benefit**
Our objects of LVV are for public benefit and are restricted to the following:
a) to advance the Christian faith in accordance with the Statement of Beliefs (attached as a schedule to the Articles of Association) including but not by way of limitation through the planting of other Vineyard churches in such ways in Lisburn and such parts of the United Kingdom or the world as Trustees from time to time think fit;
b) to further Christian education in such parts of Lisburn, the United Kingdom and the world as Trustees may from time to time think fit;
c) to relieve sickness, financial hardship, and poverty and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling, training in life skills and support in such parts of Lisburn, the United Kingdom or the world as Trustees may from time to time think fit; and
d) to further or benefit the residents of Lisburn and the surrounding area without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education, foster cross community partnerships and to provide facilities in the interests of social welfare for recreation leisure time occupations with the objective of improving the conditions of life for the residents.
## **Activities**
Ministry over the last year has continued to grow and develop across the whole church. For years, we have been praying that we would become a church of people who see visions and dream dreams. We continue to pray this, and we continue to see it come to life. We are seeing people make dreams that were long considered dead or unrealistic happen because of prayer. We are a people filled with living, breathing hope in God’s plan.
Opening the new building extension has given Lagan Valley Vineyard the space it needed to thrive. We have hosted baby exercise classes, cooking tutorials, work outreach days, business conferences, and so much more – including our own events. Weekly attendance continues to grow and during this year numbers have approached 700 in total between our two Sunday services. We have also seen an increase in the depth and hunger across our kids and youth environments, especially in the areas of worship and engaging with the scriptures. Right across our 0-18s spaces, our kids and young people are experiencing the presence of God and leaning into worship in profound ways. It also continues to be a real highlight to release volunteers from across the church into schools across the region several times a week with Alpha. This ministry continues to develop alongside our youth ministry.
MOVE is CIY’s summer residential event, internationally designed for 14 to 18 year olds which takes place in Ireland each year. It is an all-inclusive event that not only provides meals, lodging, activities and age intentional programming, but it also a place where young people can discover and embrace the Kingdom Work and purpose that God has called
**4**
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT**
for the financial year ended 31 August 2025 them to. We were delighted to send over 60 teenagers to MOVE again in July 2025.
We also partnered this year again with OM to send a group of our youth on an overseas mission to Moldova to work with local churches and missionaries. This included practical serving and sharing the Gospel through kid’s camps. Our normal church ministry of small groups (‘Tribes’), acute pastoral care, weddings and funerals continued as normal this year. Tribes are the place we gather around the table to fellowship through feasting, read the ancient scriptures aloud, pray together and to practice the sacrament of communion through the breaking of bread and the drinking of the cup. The whole time being open to the work of the Spirit. There are a range of core groups that meet who follow centrally suggested teaching and discussion points based on the previous Sunday message but also interest groups (Marriage course, Fostering & Adoption, Justice, Prayer).
After a very successful launch and first year of ‘Compass’, our leadership and discipleship programme, a new cohort commenced their studies in September 2024. This year long discipleship course focuses on theology, training, and transformation, equipping students to bring Jesus’ life to every person and every part of the Lagan Valley. Each week Compass students gathered for two full days to focus on the three core areas of Kingdom identity, inheritance, and investment. This course is in partnership with WTC Theology.
On Wednesday mornings we host ‘Quiet Space’ which is open to anyone in the community to come and use. This initiative is to provide an opportunity for peace and a chance to connect with others in the middle of the typical busy week. This has become a thriving place for connection including people of all ages learning new skills and crafts from others and has grown week to week.
Our Compassion ministry has continued to pioneer “All Nations” which has grown to become an important safe place for people not born in Northern Ireland who find themselves living here. Activities have included community shared meals, day trips and picnics to foster new friendships and connection. We have seen incredible growth in the numbers since it started, with roughly 80-90 people meeting every week to cook, share, and grow together. Even though not all of these new friends are Christians, they still turn to our space as a welcoming and loving place. It’s been amazing to see how God is transforming their lives just by proximity to our building and our volunteers.
A key highlight of the year was our commissioning service for Heather Tourney to plant Wellspring Vineyard which took place in February 2025. This service included a time of prayer and ministry for Heather and the Wellspring Vineyard team along with collecting an offering. We are delighted that Wellspring Vineyard officially launched in Banbridge at the end of 2025.
We have also continued our friendship with St. Patricks Church in town and had the joy of having our carol service being hosted at the chapel which included welcoming many members of their congregation to celebrate with us. It is a special friendship, one that we continue to pray continues to grow and shape our nation.
We hosted our very first IN-HOUSE conference in March 2025 bringing together all our volunteers for a day of ministry and equipping. This was time for our teams to gather and take time to seek God, while taking a fresh look at our dream of a Church on Fire and a Valley Alive.
Nua held its fourth event in June 2025 with nearly 2,000 in attendance - this continues to be a partnership between LVV, Emmanuel Church and Centre 61 in Newcastle. Nua is a festival of feast, family and fire. It is a place where friends from different churches, networks, and communities have committed to come together with a unified desire to seek God for a fresh outpouring of His Holy Spirit on the island of Ireland. Nua continues to be a real highlight in the summer calendar of Lagan Valley Vineyard with our staff teams and volunteers heavily involved.
## **Strategy**
Our plan is to continually seek to move forward with the objectives we have set out.
Rooted in the Lagan Valley but increasingly connected across Ireland, LVV continues to pursue opportunities to serve and strengthen the wider body of Christ throughout the island. Alongside our local ministry, LVV now regularly participates in and hosts all-Ireland conferences and supports inter-church initiatives across Ireland. The trustees believe this widening sphere of activity reflects the churches’ charitable purpose of advancing the Christian faith both locally and nationally.
We look forward to the continued development of our leadership programme, Compass, and the venue extension continues to provide us with opportunities to partner with other organisations and charities. We also plan to host Legacy in October 2025, the annual gathering of Irish Vineyard Leaders to worship, pray, and dream about the future together. We also intend on completing further construction work within our main building to maximise the seating space in the Auditorium.
## **Structure, Governance and Management**
**5**
## **Lagan Valley Vineyard Church**
## **(A company limited by guarantee, not having a share capital) TRUSTEES' ANNUAL REPORT**
for the financial year ended 31 August 2025
## **Governance**
The Board of Trustees meet regularly throughout the year, and by careful analysis of management accounts considers if there are any major risks to the future and to ensure that the Charitable Company is a going concern. The Board of Trustees have assessed the major risks to which the Charitable Company is exposed, in particular those related to the operations and finances of the Charitable Company and are satisfied that systems are in place to mitigate any exposure, for example, internal control risks are minimised by the implementation of procedures outlined in our Finance Policy including authorisations for payments and segregation of duties. Policies and procedures are also in place to ensure compliance with health and safety of staff, volunteers, and visitors. These are reviewed periodically (at least annually) to ensure they continue to meet the needs of the Charitable Company.
## **Composition of the Board, Recruitment and Appointment of New Trustees**
Regarding the appointment of Trustees, suitable candidates are considered on the basis of their skills, experience and involvement with the church. These candidates are discussed and agreed at a board meeting in advance of being invited to join. New Trustees receive appropriate induction and relevant training.
## **Financial Review**
The results for the financial year are set out on page 11 and additional notes are provided showing income and expenditure in greater detail.
## **Financial Results**
At the end of the financial year the charity has assets of £956,887 (2024 - £873,633) and liabilities of £33,007 (2024 - £21,412). The net assets of the charity have increased by £71,659.
## **Reserves Position and Policy**
## **Reserves Policy**
At the year end, the charity held total unrestricted reserves of £922,637, and free reserves of £279,272 available to support the charity’s general activities. The reserves policy is reviewed annually by the trustees as part of the budgeting and risk management process. It is the aim of Trustees, if possible, to maintain reserves equivalent to approximately two months of normal operating expenditure
## **Trustees**
The trustees who served throughout the financial year, except as noted, were as follows:
Mrs HR Lewis Mrs RH Major Mrs E Wilson (Resigned 11 September 2025) Mr JM Wilkinson Mr ARJ Masters Mr AP Wilson
In accordance with the Constitution, the trustees retire by rotation and, being eligible, offer themselves for re-election.
## **Compliance with Sector-Wide Legislation and Standards**
The charity engages pro-actively with legislation, standards and codes which are developed for the sector. Lagan Valley Vineyard Church subscribes to and is compliant with the following:
- The Companies Act 2006
- The Charities SORP (FRS 102)
## **The Auditors**
Finegan Gibson Ltd, (Chartered accountants), were appointed auditors by the trustees to fill the casual vacancy and they have expressed their willingness to continue in office in accordance with the provisions of Section 485 of the Companies Act 2006.
## **Approved by the Board of Trustees on 22 May 2026 and signed on its behalf by:**
**________________________________ Mr AP Wilson Trustee**
**6**
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) STATEMENT OF TRUSTEES' RESPONSIBILITIES**
for the financial year ended 31 August 2025
The trustees, who are also directors of Lagan Valley Vineyard Church for the purposes of company law, are responsible for preparing the financial statements in accordance with applicable law and regulations.
Company law requires the trustees as the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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 and. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information (information needed by the charity's auditor in connection with preparing the auditor's report) of which the charity's auditor is unaware, and
- the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
## **Approved by the Board of Trustees on 22 May 2026 and signed on its behalf by:**
**________________________________ Mr AP Wilson Trustee**
**7**
## **INDEPENDENT AUDITOR'S REPORT to the Members of Lagan Valley Vineyard Church**
**(A company limited by guarantee, not having a share capital)**
## **Report on the audit of the financial statements**
## **Opinion**
We have audited the charity financial statements of Lagan Valley Vineyard Church ('the charity') for the financial year ended 31 August 2025 which comprise the Statement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102.
In our opinion, when reporting in accordance with a fair presentation framework the financial statements:
- give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its surplus for the financial year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the Provisions Available for Audits of Small Entities, in the circumstances set out in Note 3 to the financial statements, 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 concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, 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 the date when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other Information**
The other information comprises the information included in the annual report other than the financial statements and our Auditor's Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information 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 apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinion on other matter prescribed by the Companies Act 2006 and the Charities Act (Northern Ireland) 2008**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Trustees' Annual Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Trustees' Annual Report has been prepared in accordance with applicable legal requirements.
**8**
## **INDEPENDENT AUDITOR'S REPORT to the Members of Lagan Valley Vineyard Church**
**(A company limited by guarantee, not having a share capital)**
## **Matters on which we are required to report by exception**
In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption in preparing the Trustees' Annual Report.
## **Responsibilities of trustees for the financial statements**
As explained more fully in the Statement of Trustees' Responsibilities set out on page 7, the trustees 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 they 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 concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the charity or to cease operations, or has no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance 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 assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) 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 taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, we considered the following:
- the nature of the industry and sector, control environment and business performance including the design of the remuneration policies, key drivers for directors' remuneration, bonus levels and performance targets;
- results of our enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether management were aware of any instances of non-compliance;
- detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations.
• the matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists, including tax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks in operation, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Act and tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty.
**9**
## **INDEPENDENT AUDITOR'S REPORT to the Members of Lagan Valley Vineyard Church**
## **(A company limited by guarantee, not having a share capital)**
## **Further information regarding the scope of our responsibilities as auditor**
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by trustees.
- Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditor's Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor's Report. However, future events or conditions may cause the charity to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
## **The purpose of our audit work and to whom we owe our responsibilities**
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the Charities Act (Northern Ireland) 2008. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.
**__________________________________ Conor Dolan FCA (Senior Statutory Auditor) for and on behalf of FINEGAN GIBSON LTD** Chartered accountants and Registered auditors 2nd Floor Causeway Tower 9 James Street South Belfast Antrim BT2 8DN Northern Ireland
## **22 May 2026**
**10**
## **Lagan Valley Vineyard Church**
## **(A company limited by guarantee, not having a share capital) STATEMENT OF FINANCIAL ACTIVITIES**
## **(Incorporating an Income and Expenditure Account)**
for the financial year ended 31 August 2025
|||**Unrestricted**|**Restricted**|**Total**|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||**Funds**|**Funds**|**Funds**|Funds|Funds|Funds|
|||**2025**|**2025**|**2025**|2024|2024|2024|
||**Notes**|**£**|**£**|**£**|£|£|£|
|**Income**||||||||
|Donations and legacies|**4.1**|**597,144**|**162,975**|**760,119**|573,785|52,193|625,978|
|Charitable activities|**4.2**|**-**|**15,000**|**15,000**|-|-|-|
|Investments|**4.3**|**1,210**|**46**|**1,256**|120|8,086|8,206|
|||───────|───────|───────|───────|───────|───────|
|**Total income**||**598,354**|**178,021**|**776,375**|573,905|60,279|634,184|
|||───────|───────|───────|───────|───────|───────|
|**Expenditure**||||||||
|Charitable activities|**5.1**|**541,695**|**163,021**|**704,716**|564,183|42,288|606,471|
|||───────|───────|───────|───────|───────|───────|
|**Net income/(expenditure)**||**56,659**|**15,000**|**71,659**|9,722|17,991|27,713|
|Transfers between funds||**695,230**|**(695,230)**|**-**|21,285|(21,285)|-|
|||───────|───────|───────|───────|───────|───────|
|**Net movement in funds for**||**751,889**|**(680,230)**|**71,659**|31,007|(3,294)|27,713|
|**the financial year**||||||||
|**Reconciliation of funds:**||||||||
|Total funds beginning of the|**18**|**170,748**|**681,473**|**852,221**|139,741|684,767|824,508|
|year||||||||
|||───────|───────|───────|───────|───────|───────|
|**Total funds at the end of**||**922,637**|**1,243**|**923,880**|170,748|681,473|852,221|
|**the year**||||||||
|||═══════|═══════|═══════|═══════|═══════|═══════|
The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities.
The notes on pages 14 to 20 form part of the financial statements
**11**
## **Lagan Valley Vineyard Church**
## **(A company limited by guarantee, not having a share capital) Company Number: NI619487 BALANCE SHEET**
as at 31 August 2025
|||**2025**|2024|
|---|---|---|---|
||**Notes**|**£**|£|
|**Fixed Assets**||||
|Tangible assets|**12**|**643,365**|649,004|
|||───────|───────|
|**Current Assets**||||
|Debtors|**13**|**54,634**|8,848|
|Cash at bank and in hand|**14**|**258,888**|215,781|
|||───────|───────|
|||**313,522**|224,629|
|||───────|───────|
|**Creditors: Amounts falling due within one year**|**15**|**(33,007)**|(21,412)|
|||───────|───────|
|**Net Current Assets**||**280,515**|203,217|
|||───────|───────|
|**Total Assets less Current Liabilities**||**923,880**|852,221|
|||═══════|═══════|
|**Funds**||||
|Restricted funds||**1,243**|681,473|
|General fund (unrestricted)||**922,637**|170,748|
|||───────|───────|
|**Total funds**|**18**|**923,880**|852,221|
|||═══════|═══════|
These financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", applying Section 1A of that Standard.
## **Approved by the Board of Trustees and authorised for issue on 22 May 2026 and signed on its behalf by**
**________________________________ Mr AP Wilson Trustee**
The notes on pages 14 to 20 form part of the financial statements
**12**
## **Lagan Valley Vineyard Church STATEMENT OF CASH FLOWS**
for the financial year ended 31 August 2025
|||**2025**|2024|
|---|---|---|---|
||**Notes**|**£**|£|
|**Cash flows from operating activities**||||
|Net movement in funds||**71,659**|27,713|
|Adjustments for:||||
|Depreciation||**70,053**|38,940|
|Interest receivable and similar income||**(1,256)**|(8,206)|
|||───────|───────|
|||**140,456**|58,447|
|Movements in working capital:||||
|Movement in debtors||**(45,786)**|(8,296)|
|Movement in creditors||**11,595**|(2,894)|
|||───────|───────|
|Cash generated from operations||**106,265**|47,257|
|||───────|───────|
|**Cash flows from investing activities**||||
|Interest received||**1,256**|8,206|
|Payments to acquire tangible assets||**(64,414)**|(619,763)|
|||───────|───────|
|Net cash used in investment activities||**(63,158)**|(611,557)|
|||───────|───────|
|**Net increase/(decrease) in cash and cash equivalents**||**43,107**|(564,300)|
|**Cash and cash equivalents at the beginning of the year**||**215,781**|780,081|
|||───────|───────|
|**Cash and cash equivalents at the end of the year**|**14**|**258,888**|215,781|
|||═══════|═══════|
**13**
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS**
for the financial year ended 31 August 2025
## **1. GENERAL INFORMATION**
Lagan Valley Vineyard Church is a company limited by guarantee incorporated in Northern Ireland. The registered office of the charity is Ivan Shannon & Company, 39 Church Street,, Ballynahinch, Down, BT24 8AF, Northern Ireland which is also the principal place of business of the charity. The financial statements have been presented in Pound (£) which is also the functional currency of the charity.
## **2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the charity’s financial statements.
## **Basis of preparation**
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
As permitted by the Companies Act 2006, the charity has varied the standard formats in that act for the Statement of Financial Activities and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of that SORP.
## **Statement of compliance**
The financial statements of the charity for the financial year ended 31 August 2025 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102", applying Section 1A of that Standard.
## **Fund accounting**
The following are the categories of funds maintained:
## **Restricted funds**
Restricted funds represent income received which can only be used for particular purposes, as specified by the donors. Such purposes are within the overall objectives of the charity.
## **Unrestricted funds**
Unrestricted funds consist of General and Designated funds.
▪ General funds represent amounts which are expendable at the discretion of the board, in furtherance of the objectives of the charity.
▪ Designated funds comprise unrestricted funds that the board has, at its discretion, set aside for particular purposes. These designations have an administrative purpose only, and do not legally restrict the board's discretion to apply the fund.
## **Income**
Income is recognised by inclusion in the Statement of Financial Activities only when the charity is legally entitled to the income, performance conditions attached to the item(s) of income have been met, the amounts involved can be measured with sufficient reliability and it is probable that the income will be received by the charity.
## **Income from charitable activities**
Income from charitable activities include income earned from the supply of services under contractual arrangements and from performance related grants which have conditions that specify the provision of particular services to be provided by the charity. Income from government and other co-funders is recognised when the charity is legally entitled to the income because it is fulfilling the conditions contained in the related funding agreements. Where a grant is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income is received, it is accrued in debtors.
Grants from governments and other co-funders typically include one of the following types of conditions:
▪ Performance based conditions: whereby the charity is contractually entitled to funding only to the extent that the core objectives of the grant agreement are achieved. Where the charity is meeting the core objectives of a grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor, as
**14**
continued
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS**
for the financial year ended 31 August 2025
income.
▪Time based conditions: whereby the charity is contractually entitled to funding on the condition that it is utilised in a particular period. In these cases the charity recognises the income to the extent it is utilised within the period specified in the agreement.
In the absence of such conditions, assuming that receipt is probable and the amount can be reliably measured, grant income is recognised once the charity is notified of entitlement.
Grants received towards capital expenditure are credited to the Statement of Financial Activities when received or receivable, whichever is earlier.
## **Expenditure**
Expenditure is analysed between costs of charitable activities and raising funds. The costs of each activity are separately accumulated and disclosed, and analysed according to their major components. Expenditure is recognised when a legal or constructive obligation exists as a result of a past event, a transfer of economic benefits is required in settlement and the amount of the obligation can be reliably measured. Support costs are those functions that assist the work of the charity but cannot be attributed to one activity. Such costs are allocated to activities in proportion to staff time spent or other suitable measure for each activity.
## **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:
Improvement to property 10% Straight line Fixtures and Fittings 15% Straight line
## **Debtors**
Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the charity from government agencies and other co-funders, but not yet received at financial year end, is included in debtors.
## **Cash at bank and in hand**
Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal.
## **Taxation and deferred taxation**
No current or deferred taxation arises as the charity has been granted charitable exemption. Irrecoverable valued added tax is expensed as incurred.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the charity's taxable income and its results as stated in the financial statements.
Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
## **Pensions**
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Annual contributions payable to the charity's pension scheme are charged to the income and expenditure account in the period to which they relate
## **3. PROVISIONS AVAILABLE FOR AUDITS OF SMALL ENTITIES**
In common with many other charity of our size and nature, we use our auditors to assist with the preparation of the financial statements.
|**4.**|**INCOME**|||||
|---|---|---|---|---|---|
|**4.1**|**DONATIONS AND LEGACIES**|**Unrestricted**|**Restricted**|**2025**|2024|
|||**Funds**|**Funds**|||
|||**£**|**£**|**£**|£|
**15**
continued
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS**
for the financial year ended 31 August 2025
||Donations and legacies||**597,144**|**162,975**|**760,119**|625,978|
|---|---|---|---|---|---|---|
||||═══════|═══════|═══════|═══════|
|**4.2**|**CHARITABLE ACTIVITIES**||**Unrestricted**|**Restricted**|**2025**|2024|
||||**Funds**|**Funds**|||
||||**£**|**£**|**£**|£|
||Lisburn & Castlereagh city council||**-**|**15,000**|**15,000**|-|
||||═══════|═══════|═══════|═══════|
|**4.3**|**INVESTMENTS**||**Unrestricted**|**Restricted**|**2025**|2024|
||||**Funds**|**Funds**|||
||||**£**|**£**|**£**|£|
||Investments||**1,210**|**46**|**1,256**|8,206|
||||═══════|═══════|═══════|═══════|
|**5.**|**EXPENDITURE**||||||
|**5.1**|**CHARITABLE ACTIVITIES**|**Direct**|
**Other**|**Support**|**2025**|2024|
|||**Costs**|
**Costs**|**Costs**|||
|||**£**|
**£**|**£**|**£**|£|
||Children's Ministry|**29,897**|
**-**|**-**|**29,897**|49,551|
||Church Support|**6,870**|
**-**|**-**|**6,870**|17,258|
||Compassion Costs|**46,966**|
**-**|**-**|**46,966**|22,340|
||Connection Costs|**5,207**|
**-**|**-**|**5,207**|4,229|
||Equipment Costs|**14,198**|
**-**|**-**|**14,198**|3,712|
||Mission Contributions|**74,125**|
**-**|**-**|**74,125**|31,602|
||Depreciation|**-**|
**-**|**-**|**-**|38,940|
||Office Costs|**25,635**|
**-**|**-**|**25,635**|23,710|
||Pathway Costs|**375**|
**-**|**-**|**375**|688|
||Church Services|**12,113**|
**-**|**-**|**12,113**|14,082|
||Staff Costs|**364,660**|
**-**|**-**|**364,660**|294,476|
||Tribe|**2,573**|
**-**|**-**|**2,573**|650|
||Church Utilities|**113,752**|
**-**|**-**|**113,752**|100,981|
||Worship Costs|**2,645**|
**-**|**-**|**2,645**|2,812|
||Governance Costs (Note 5.2)|**-**|
**-**|**5,700**|**5,700**|1,440|
|||───────|───────|───────|───────|───────|
|||**699,016**|
**-**|**5,700**|**704,716**|606,471|
|||═══════|═══════|═══════|═══════|═══════|
|**5.2**|**GOVERNANCE COSTS**|**Direct**|
**Other**|**Support**|**2025**|2024|
|||**Costs**|
**Costs**|**Costs**|||
|||**£**|
**£**|**£**|**£**|£|
||Auditors remuneration|**-**|
**-**|**5,700**|**5,700**|1,440|
|||═══════|═══════|═══════|═══════|═══════|
|**5.3**|**SUPPORT COSTS**|||**Governance**|**2025**|2024|
|||||**Costs**|||
|||||**£**|**£**|£|
||Auditors remuneration|||**5,700**|**5,700**|1,440|
|||||═══════|═══════|═══════|
|**6.**|**ANALYSIS OF SUPPORT COSTS**||||||
||||||**2025**|2024|
||||||**£**|£|
||Auditors remuneration||||**5,700**|1,440|
||||||═══════|═══════|
**16**
continued
## **Lagan Valley Vineyard Church**
## **(A company limited by guarantee, not having a share capital)**
## **NOTES TO THE FINANCIAL STATEMENTS**
for the financial year ended 31 August 2025
## **7.**
## **8.**
|**NET INCOME**|**2025**|2024|
|---|---|---|
||**£**|£|
|**Net Income is stated after charging/(crediting):**|||
|Depreciation of tangible assets|**70,053**|38,940|
|Auditor's remuneration:|||
|- audit services|**5,700**|1,440|
||═══════|═══════|
|**INVESTMENT AND OTHER INCOME**|**2025**|2024|
||**£**|£|
|Bank interest|**1,256**|8,206|
||═══════|═══════|
## **9. EMPLOYEES AND REMUNERATION**
## **Number of employees**
The average number of persons employed (including executive trustees) during the financial year was as follows:
||**2025**|2024|
|---|---|---|
||**Number**|Number|
|Admin|**2**|2|
|Coordinators|**5**|5|
|Pastors|**5**|5|
||───────|───────|
||**12**|12|
||═══════|═══════|
|The staff costs comprise:|**2025**|2024|
||**£**|£|
|Wages and salaries|**291,958**|242,933|
|Social security costs|**19,477**|20,310|
|Pension costs|**6,197**|5,044|
||───────|───────|
||**317,632**|268,287|
||═══════|═══════|
## **10. EMPLOYEE BENEFITS**
There are no employees who received employee benefits (excluding employer pension costs) of more than £60,000 for the reporting period.
## **11. KEY MANAGEMENT PERSONNEL**
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £76,840 (2024: £64,485).
**17**
continued
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS**
for the financial year ended 31 August 2025
|**12.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||**Improvement**|**Fixtures**|**Total**|
|||**to property**|**and Fittings**||
|||**£**|**£**|**£**|
||**Cost**||||
||At 1 September 2024|751,781|25,335|777,116|
||Additions|50,999|13,415|64,414|
|||───────|───────|───────|
||At 31 August 2025|802,780|38,750|841,530|
|||───────|───────|───────|
||**Depreciation**||||
||At 1 September 2024|114,597|13,515|128,112|
||Charge for the financial year|66,268|3,785|70,053|
|||───────|───────|───────|
||At 31 August 2025|180,865|17,300|198,165|
|||───────|───────|───────|
||**Net book value**||||
||At 31 August 2025|**621,915**|**21,450**|**643,365**|
|||═══════|═══════|═══════|
||At 31 August 2024|637,184|11,820|649,004|
|||═══════|═══════|═══════|
|**13.**|**DEBTORS**||**2025**|2024|
||||**£**|£|
||Other debtors||**44,464**|5,816|
||Prepayments and accrued income||**10,170**|3,032|
||||───────|───────|
||||**54,634**|8,848|
||||═══════|═══════|
|**14.**|**CASH AND CASH EQUIVALENTS**||**2025**|2024|
||||**£**|£|
||Cash and bank balances||**258,888**|215,781|
||||═══════|═══════|
|**15.**|**CREDITORS**||**2025**|2024|
||**Amounts falling due within one year**||**£**|£|
||Taxation and social security costs||**8,344**|9,003|
||Other creditors||**5,658**|2,100|
||Accruals and deferred income||**19,005**|10,309|
||||───────|───────|
||||**33,007**|21,412|
||||═══════|═══════|
|**16.**|**PENSION COSTS - DEFINED CONTRIBUTION**||||
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Pension costs amounted to £6,197 (2024 - £5,044).
**18**
continued
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS**
for the financial year ended 31 August 2025
## **17. RESERVES**
|**17.**|**RESERVES**||||||
|---|---|---|---|---|---|---|
||||**Funds**|||**Total**|
||||**£**|**£**|**£**|**£**|
||At the beginning of the year||-|170,748|681,473|852,221|
||Surplus for the financial year||71,659|-|-|71,659|
||||───────|───────|───────|───────|
||At the end of the year||**71,659**|**170,748**|**681,473**|**923,880**|
||||═══════|═══════|═══════|═══════|
|**18.**|**FUNDS**||||||
|**18.1**|**RECONCILIATION OF MOVEMENT IN FUNDS**|||**Unrestricted**|**Restricted**|**Total**|
|||||**Funds**|**Funds**|**Funds**|
|||||**£**|**£**|£|
||At 1 September 2023|||139,741|684,767|824,508|
||Movement during the financial year|||31,007|(3,294)|27,713|
|||||───────|───────|───────|
||At 31 August 2024|||170,748|681,473|852,221|
||Movement during the financial year|||751,889|(680,230)|71,659|
|||||───────|───────|───────|
||At 31 August 2025|||**922,637**|**1,243**|**923,880**|
|||||═══════|═══════|═══════|
|**18.2**|**ANALYSIS OF MOVEMENTS ON FUNDS**||||||
|||**Balance**|**Income Expenditure**||**Transfers**|**Balance**|
|||**1 September**|||**between**|**31 August**|
|||**2024**|||**funds**|**2025**|
|||**£**|**£**|**£**|**£**|**£**|
||**Restricted funds**||||||
||Lisburn & Castlereagh City|-|15,000|-|(13,757)|1,243|
||Council||||||
||Donations|-|162,975|162,975|-|-|
||Bank interest received|-|46|46|-|-|
||Building|681,473|-|-|(681,473)|-|
|||───────|───────|───────|───────|───────|
|||681,473|178,021|163,021|(695,230)|1,243|
|||───────|───────|───────|───────|───────|
||**Unrestricted funds**||||||
||Unrestricted General|170,748|598,354|541,695|695,230|922,637|
|||───────|───────|───────|───────|───────|
||**Total funds**|**852,221**|**776,375**|**704,716**|**-**|**923,880**|
|||═══════|═══════|═══════|═══════|═══════|
During the year, a previous restricted fund, established in prior periods, has been released to general reserves. This release reflects a review of the organisation's reserves and the current operational requirements.
## **18.3 ANALYSIS OF NET ASSETS BY FUND**
||**Fixed**|**Current**|**Current**|**Total**|
|---|---|---|---|---|
||**assets**|**assets**|**liabilities**||
||**- charity use**||||
||**£**|**£**|**£**|**£**|
|Restricted funds|-|1,243|**-**|1,243|
||───────|───────|───────|───────|
|Unrestricted general funds|643,365|312,279|**(33,007)**|922,637|
||───────|───────|───────|───────|
||**643,365**|**313,522**|**(33,007)**|**923,880**|
||═══════|═══════|═══════|═══════|
**19**
continued
## **Lagan Valley Vineyard Church (A company limited by guarantee, not having a share capital) NOTES TO THE FINANCIAL STATEMENTS**
for the financial year ended 31 August 2025
## **19. STATUS**
The charity is a company limited by guarantee not having a share capital.
The liability of the members is limited.
Every member of the company undertakes to contribute to the assets of the company in the event of its being wound up while they are members, or within one financial year thereafter, for the payment of the debts and liabilities of the company contracted before they ceased to be members, and the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £ 1.
## **20. RELATED PARTY TRANSACTIONS**
The board of trustees set salaries for all staff positions and approve any changes to remuneration i.e. pay rise's post staff annual appraisal or any ad-hoc changes where they may arise i.e. Changes to minimum wage / market conditions. Following the annual staff appraisal process the board of trustees will meet to discuss outcomes including any changes to role or remuneration. Any staff member who also sits on the board of trustees is not part of the discussion or decision-making regarding changes to his or her own remuneration. Equally, any trustee who is related to a staff member is excluded from discussions and decision-making related to changes in remuneration to said staff member.
## Related Party Transactions:
1. During the period Mr AJM Masters was employed in the role of senior pastor while also serving on the board of trustees. He was paid £47,226 by virtue of his employment by the charitable company.
2. During the period the partner of Mr JM Wilkinson was employed in the role of compassion pastor. She was paid £23,149.29 by virtue of her employment by the charitable company.
3. During the period, Company Director Emma Wilson was employed. She was paid £20,404.10 by virtue of her employment by the charitable company .
4. During the period the partner of Ms Ruth Major , owner of Karibu coffee shop, paid a total of £2,606 in rental income to the charitable company between February 25 and November 25.
There were no expenses paid to trustees during the period.
## **21. POST-BALANCE SHEET EVENTS**
There have been no significant events affecting the Charity since the financial year-end.
**20**
## **LAGAN VALLEY VINEYARD CHURCH**
**(A company limited by guarantee, not having a share capital)**
## **SUPPLEMENTARY INFORMATION**
## **RELATING TO THE FINANCIAL STATEMENTS**
## **FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2025**
**NOT COVERED BY THE REPORT OF THE AUDITORS**
**21**
## **Lagan Valley Vineyard Church**
## **(A company limited by guarantee, not having a share capital) SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS**
Operating Statement for the financial year ended 31 August 2025
|**Income**|||
|---|---|---|
|Donations|**658,143**|539,593|
|Gifts|**92,195**|77,722|
|WTC Commission|**9,781**|8,663|
|Lisburn & Castlereagh city council|**15,000**|-|
||───────|───────|
||**775,119**|625,978|
||───────|───────|
|**Expenses**|||
|Wages and salaries|**291,958**|242,933|
|Social security costs|**19,477**|20,310|
|Staff defined contribution pension costs|**6,197**|5,044|
|Staff benefit|**2,304**|-|
|Repairs and maintenance|**366**|2,094|
|Children's ministry|**29,897**|49,551|
|Mission contributions|**4,072**|31,602|
|Church support|**6,870**|17,258|
|Compassion costs|**46,966**|22,340|
|Printing, postage and stationery|**1,446**|477|
|Connection costs|**5,207**|4,229|
|Telephone|**2,440**|2,122|
|Hire of equipment|**14,198**|3,712|
|Pathways|**375**|688|
|Church services|**12,113**|14,082|
|Tribe|**2,573**|650|
|Church utilities|**113,752**|100,981|
|Worship costs|**2,645**|2,812|
|External speaking engagements|**297**|-|
|Other staff expenses|**44,724**|26,189|
|Legal and professional|**14,380**|12,814|
|Auditor's/Independent Examiner's remuneration|**5,700**|1,440|
|Office costs|**6,706**|6,203|
|Depreciation|**70,053**|38,940|
||───────|───────|
||**704,716**|606,471|
||───────|───────|
|**Miscellaneous income**|||
|Bank interest|**1,256**|8,206|
||───────|───────|
|**Net surplus**|**71,659**|27,713|
||═══════|═══════|
22
The supplementary information does not form part of the audited financial statements