ACLS Company registration number.. N1662740 Charity registration nuTnber.' 107625 Mid Antrim Vineyard (A company limited by guarantee) Annual R¢port and Financial Statements for the Year Ended 31 July 2022 Thomas Oliver and Associate5 Limited Certified Public Accountant l Moyga5hel Mills Park Dungannon Co Tyrone BT717DH
Mid Antrim Vineyard Contents Reference and Administrdtive Detsils Trustees, R¢port 2to4 Independ¢nt Examiner's R¢port Statement of Financial Activities Balance Sheet Stat¢ment of Cash Flows Notes to the Financial Statements 9t014
Mid Antrim Vineyard Reference and Administrative Details Charity Registration Nujnber 107625 Company Registration Number N1662740 The charity is incorporated in Northern Ireland. 30 Station Road Glarr)ford BallyThena BT44 9RA Registered Office Aceountants Thomas Oliver and A550ciate5 Limited Certified Public Accountant l Moygash¢l Mills Park Dungannon Co Tyrone BT717DH Page I
Mid Antrim Vineyard Tru5tees' Report The trustees, who are director5 for the purp05¢s of company law, pr¢sent th¢ annual report together with the finan¢ial stut¢m¢nts of the ¢haTitable company for the year ended 31 luly 2022. Objectives and activities l am pled to provide a trustee report for the period to 3 1st July 2022. Whilst part of th¢ year was Still maTked by the unpredictability of the variable presence of Covid-19 and the hanging restrictions and requirements. it has also been one characterised by the dependability of the wonder1 God we serve. We have emerged from these restrictions and have wtsrked h2rd at establishing a new rhythm of church and community life. As trustees w¢ ar¢ grat¢ful io God for Hi5 faithfulness that ha5 allowed us to to develop a team. and establish a regular in-p¢rsoR ¢hurch Sunday gathering. We have continued to make our rental property feel like home. We ar¢ also thankful that we have been able to make minor changes to the building to make it more practical and we have opened up new Spaces for hospitality and to facilitate Small group and team meetings. Church. Team and Ministry Development De5Plte usual shifts and settling of n¢w church plants, we are pleased to finish th¢ ye8T with approximately IO0+ people regularly attending Mid Antrim Vineyard or regarding it as their church horne. Our youth and children'5 WOTk has grown consideTably and we have new children and young people attend Tegularly. We are grateful for an excellent team of volunteers who serve our children and young people brilliantly on a regular basis. Rental Property Since acquiring the building over a year ago, much work has been undertaken to make this space feel more practical and fvnctional, We have developed a youth space in the Me711ne, opened up some space for people to gather after the service is over and have a basic functioning kitchen Sei up to use for light refreshments weekly. We are grydteful for groups of volunteers who regulaTly serve in thi5 aTea and ¢l¢an and maintsin th¢ building to a high standard. Finance5 We are gratefvl to God for the faithfulnes5 of many of th05e who att¢nd Mid Antrim Vin¢yard in terms of their financial giving to the work. This has enabled us to pay monthly rent, overheads, fe¢5 and Since June 2021. to pay an amount monthly for p&8toral services. In addition to this, we have had a good response to the Ukrainian War Appeal and have been able to faciliatate giving towards st alongside supporting some short temi projects launch¢d by local charities guch &8 Women's Aid. Marrlage Ceremonies We continue to have a licence for Opposite Sex Marriage at Mid Antrim Vineyard. The registered otTiciant is Ptor Alyson ReÈd. Sponsorship Lieense We have a Tier 2 Sponsorship Lieence. bui have not activiated or used it in the employment or facilitation of any overseas workers visas and finally Page 2
Mid Antrim Vineyard Trustees, Report As trustee we wish to expTess our thanks to God for His leading and wisdom and express sincere thanks to all who have continued to support the development of Mid Antrim Vineyard as a church. Trusttts and officers The trnstees and officeTS serving during the year and since the year end were as follows.. Truslees.. Mrs Roberta Stewart (resigned 4 September 2022) Mr Hugh Henry Reid Mr Thomas Stewart {resigned 4 September 2022) Alyson Sarah Reid Luke Hng-Jin Kwon {appointed 4 September 2022) ClaiTe Janette Kwon (appointed 4 September 20221 Strueturey governance and management Governing docurnent The charity is controlled by its governing document, a deed of trust, and constitutes a limited company. lirnited by guarantee, &$ defined by the Companies Act 2006. Statement of tTUStees' re5POn5ibilities The trustees (who are also the direttors of Mid Antrim Vineyard for the purposes of company law) are responsible for preparing the trn5t¢¢s' r¢port and the financial statements in accordance with applicable law and United Kingdom Accounting sLdards (United Kingdom Generally Ac¢ept¢d Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law th¢ trustees must not approve the fInancial statetnents unless they are satisfied that they give a true and fair view of the state of affair5 of the charitable coFnpany and of the incoming resources and application of resources. including it5 income and expenditure, of the charitsble company for thai period. In preparing these financial statetnents, the tmstees are required to.. select suitable accounting policies and apply them con5iStently,' observ¢ the Tnethods and principle5 in the Charities SORP. make judgements and estimates that are reasonable and prudent,. stste whether applicable accounting standards, ¢ompri5ipg FRS 102 have be¢ll f(>llowed, subject to any material departures disc105ed and explained in the financial statement5. and pr¢p2r¢ the financial statetnents on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Efu51ees are responsible for keeping proper accounting records that Gan disc195e with Teasonable accuracy at any time the financial p051tion of th¢ ¢horitable ¢ompany and enable them to ensure that the financial statements comply with the Compani¢s Act 2006. They ar¢ also responsibl¢ for 5af¢guarding the ass¢ts tsf the charitable ornpany and h¢n¢¢ for tsking reosonabl¢ steps for th¢ pr¢v¢ntiOTt and det¢¢tion of fraud and other irregularities. Page 3
Mid ADtrim Vineyard Trnste¢s' Report The tn]stees are r¢5pon5ible for the mainitn8n¢e aNI integrity of the corporate and financial infoThnation include4 on the charitabl¢ ¢orywanys website. Ixwslation governing the preparation and dissemination of rJnancie] ststemvnts may diff¢r from legislation in other juri5di¢tion5. The annu report was approv¢d by the truste¢s of the charity ott 20 April 2023 Si¢& ory its behalf by. A]y50n Sarah Reid TNstee Page 4
Mid Antrim Vineyard IDdependeDt Examiner's Report to tbe trustees of Mid ADtrim Vineyard ('tbe Company,) I report to the charity trustee5 on iny examination of the accounts of the Company for the year ended 31 July 2022. Respeetlve responsibilitie$ of tru$t¢¢s #nd ¢38miner A5 the charity'5 trustees of Mid Antrim Vineyard (and also its directors for the purposes of company law} you are responsible for the preparation of the accounts in accordance th the requirements of the Charities Act (Northern Ireland) 2008. Having 5at15fied myself that th¢ a¢counts of Mid Antrim Vineyard are not required to b¢ audited und¢r section 65 of CharEtie5 Act (Northern) Ireland 2008 and that an independent examination is needed. It 15 niy responsibility to'.- examine the accounts under section 65 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 6519)(b) of the Charities Act - to stste whether particular matters have come to my attention Basis ofindependent Examiners, Report I have examined your charity accounts as required under %dion 65 of the Charities Act and my examination Carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland und¢r section 65{9)(b) of the Charities Act. An examinatson Èncluded a review of the accounting records kept by the ¢harity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the a¢counts, and Seeking expalnations from the trustees concerning pny su¢h matters.. I confirni that no matters have Come to my attention in connection with the examination giving me cause to believe: l. That accounting records were not kept in r¢spect of Mid Antrim Vineyard as required by section 63 of th¢ Charities Act. OT 2. That the accounts do not accord with those rewrds- or 3. That the accounts do not comply with the accounting requirements of the Charities Att. 4. That there is rther inforn)ation needed for a proper understanding of the accounts tobe reached. Independent Exarniner's Statement I have completed my examination and have no concerns in respect of th¢ Tnatter {11 to {4) listed above and in connections with the following directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention an Associates Limitsd Certified Public Ac¢ountant 20 April 2023 Page 5
Mid Antrim Vineyard Statement of Financial Aetivities for the Year Ended 31 July 2022 Uncluding Ineome and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrleted funds Total 2022 Note Ineome and Endowments from: Donations and legacies 72.483 72,483 Total income 72.483 72,483 Expenditure on: Other expenditure (62,8671 (62,867) Total expenditure (62,867) 62,867) Net income 9,616 9,616 Net movement in funds 9.616 9.616 Reconcillation of funds Total funds brought forward Total fvnds carried fonvard 32,115 32,115 12 41,731 Unrestriettd funds 41,731 Total 2021 Note Income and Endowments from: Donations and leg2¢i¢s 43,486 43,486 Total income 43,486 43,486 Expenditure on: Other expenditure {30.057) (30,057) Total expenditure (30,0571 (30,057} Net income 13,429 13,429 Net movement in funds 13.429 13,429 Reconciliation of funds Total fund5 brought foNard 18,686 18,686 Totsl fund5 WTied forward 12 32,115 32,115 All of the charity's aciivsti¢5 d¢Tive from continuing operations during the above two periods. The fvnds breakdown for 2021 is shown in note 12. The notes on pages 9 to 14 form an integral part of these finan¢ial statements. Page 6
Mfid Antrim Vineyard (Registration llumber: N1662740) BalaTJ¢e Sheet as at 31 July 2022 2022 2021 riote Fixed assets Tangible &8sets 27990 21268 Current ass¢ts Cash at bank and in hand 10 14,162 11.5S5 Cttdltorv. Amounts flllng due withln one year Net currtnt xssets 421} 17081 13,741 10,847 Net assets 32.115 of the £harity: Unrestrict¢d Income lunds Unrestricted fitnds 41,731 32.115 Totsl fvnds 12 41,731 32.115 For the financial yepr ending 3 1 July 2022 the chaTity wa5 emitl¢d w exemption from audit under section 477 of the Q>mp2nie5 Act 2006 relating to small companies. Dir¥tors' respoTLEli iliti¢5-. The m¢mbers have not requir¢d th¢ Gharity to obtsin an audit of Its a¢cotMJts for the year tTh question in accordance sectitsn 476; The directors acknowledge their responsibilities ft?r ttsmplying with the requiTerncnts of the Art with respect to accountin8 records and the pr¢paration of accounts. The financial ststements on pages 6 to 14 were approved by ihe tn%te¢s, and Authori for issue t)J 20 April 2023 and sI¢d on their beha]f by. Alyson Sardh Reid Trustee The notes on pa8es 9 to 14 fotin an illtegral part of these fin4nci41 $tTn¢nts. Page 7
Mid Antrim Vineyard Statement of Cash Flows for the Year Ended 31 Juty 2022 2022 2021 Note Cash flows from operating activities Net cash income 9.616 13.429 Adjustments to cash flow5 from nOnaSh iterns Depreciation 2,180 1,598 11,796 15,027 Working capital adjustments (Deerease)lincrease in creditors 1287) 407 N¢t CP5h flows from operating actlvilies 11,509 15,434 Cash flows from investing activities Purchase of tangible fixed assets (8.9021 (19,176) Net incr¢asel(deere&se} in cash and cash equiyalents 2.607 (3,742) Cash and cpsh equivalents 8t l August 11,555 15,297 Ch and c&%h equivalents at 31 July 14.162 11,555 All of the cash flows are d¢riv¢d frotn continuing operations during the above two periods. The notes on pages 9 to 14 fomi an iniegrdl part of th¢se financial statements. Page 8
Mid Antrim Vineyard Notes to the Financial Statements for tbe Year Ended 31 July 2022 I Charity status The charity is limited by guarantee, incorporated in Northern Ireland, 2nd consequently does not have share capital. Each of the trustees is liable to ¢ontribute an amount not exceeding £Nil towards the a55ets of the charity in the event of liquidation. The addr¢ss of its registered offi¢¢ 15.. 30 Ststion Road Glgrryford Ballymena BT44 9RA These financial statements were authorised for issue by the In1¢¢$ on 20 April 2023. 2 Aceounting policie5 Summary of significant accounting policies and key gccounting estimat¢5 The principal accounting policies applied in the preparation of th¢se financial 5tat¢m¢nts are set out below. These poli¢ies have been con5lStently applied to all the years PTesented, unless otherwi5¢ Stated. Statement ofcornpltance The financial statements have been PTepaTed in accordance with Aecounting and Reporting by Charities.. Statement of Recommended Practiee (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102)) li5sued in Octob¢r 2019) (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Basis of preparation Mid Antrim Vineyard m¢et5 the definition of a public benefit entity under FRS 102. Assets and liabilities are initially rerognised at historical eost OT transaction value unless otheNise stated in the relevant ac¢ounting policy notes. Going eoneern The trustees consider that there are no material uncertainties about the charitys ability to continue as a going con¢¢rn nor any signifi¢ant areas of uncertainty that affect th¢ carying value of assets held by th¢ chariry. Incolne and endowments All income is recognised once th¢ charity ha5 entitlement to the in¢ome, it is probable that the in¢om¢ will be rc¢eived and the amount of the income r¢ceivable can be measured reliably. Donalion5 dnd legacie5 Donation5 are reeognised when the charity has been notified ID writing of both the amount and s¢ttl¢ment date. In the event that a donation is subject to conditions that requir¢ a level of perforniance by the charity before the charity 15 entitled to the funds, the income 15 deferred and not recognised until either those conditions are fully met, or the fulfilment of those condstions is wholly within the control of the charity and st is probable that these conditions will be fulfill¢d in the reporting period. Pag¢ 9
Mid Antrim Vineyard Notes to tbe FiDancial Statements for the Year Ended 31 July 2022 Expenditure All expenditure is recognis¢d once theTe is a legal or con5tru¢iive obligation to that expenditure, it is probable settlement is required and the amount can b¢ me&%ured reliably. All costs are allocated to th¢ applicable ¢xpenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular he&ding5 they have been allocated on a ba515 consistent with the use of resources. with central stsff ¢osts allocated on the basis of time speni and depreciation charges allocated on the portion of the a5S¢t's use. Oth¢T SUPPOrt costs are 211ocated based on the spread of staff costs. Taxation The eharity is ¢on5idered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore li meets the definition of a charitable company for UK corporation tax purposes. Accordingly, th¢ charity is Potentially exempt from taxation in respect of incc>me or capital gains received wthin caiegorie5 coveTed by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, 10 the extent that such income or gains are applied cxclusively to charitable PUTP05es. Tangible fixed assets Individual fixed assets costing £150.00 or more are initially recorded at ¢osi. less any Subsequent uMUlated depreciation and subsequent accumulated impairnient 10sse5. Depreciation amortisation Depreciation is provid¢d on tangible fixed &8sets so as to write off the ¢osi or valuation. less any estimated residual value, over their expected useful economic life as folSows.' A55¢t elass Fixtures and Fittings Depreeiation rnethod and r8te 20Yo straighi line Cash and c8sh equivalents Cash and cash equivalents comprise c&8h on hand and call dep051ts, and otheT short-temi highly liquid investrnents that are readily convertible to a known amount of cash and are subject to an insignifiwit risk of change in value. Fund strueture Unrestricted income fijnds aTe g¢neral fijnds that are available ftsr use at the tTUStees discretion in fjJrtheranc¢ of the objectives of th¢ chariry. Page 10
Mid Antrim Vineyard Notes to the Financial Statements for tbe Year Ended 31 July 2022 3 Income from donation$ and legacies Unrestrieted funds General Total Th]nds Donations and legacies,. Donations from individuals Gift aid reclaimed 59,456 13,027 59,456 13,027 Total for 2022 72,483 72,483 Total for 2021 43,486 43,486 4 Other expenditure UDre5tricted funds General Total funds Note Independ¢nt examiner fees Examinatlon of the financiF415tstements Marketing and publicity Depreciation. amort15ation and other Similar costs Other resources expended 456 130 2,180 60.101 456 130 2,180 60.101 Total for 2022 62.867 62.867 Total for 2021 30,057 30,057 Pagell
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2022 S Net incomingloutgoing resources Net incoming resoue5 for the year inelude.. 2022 202J D¢pr¢¢ialion of fixed &ssets 2.180 1,598 6 Trustees remunergtlon and expenses No trustee5, nor any persons connected with them, have received any remuneTation froTn the ¢harity during the year. 7 Independent exarniner's remunerJtion 2022 2021 Examination of the financial statements 456 408 8 Taxatlon The charity is a registered charity and is therefore exempt from tsxation. 9 Tangible fixed a55ets Land and buildings Furniture and equipment Total Cost At l August 2021 Additions 12,492 8.117 10,640 785 23,132 8,902 At 31 July 2022 20,609 11,425 32,034 Depreeiatlon At l August 2021 Charg¢ for the year 1,864 2,180 1.864 2,180 At 31 July 2022 4,044 4.044 Net book value At 31 July 2022 20,609 7,381 27,990 At31 July2021 12.492 8,776 21,268 IO Cash and cash equiv8lent$ 2022 2021 Cash at bank 14.162 11.555 Page 12
Mid Antrim Vineyard Notes to tbe Finao¢ial Statements for the Year Ended 31 Juty 2022 I I Creditors: amounts falling due within one year 2022 2021 Other ¢r¢dstors AccNals 420 708 421 708 12 Funds BalaDee at I August 2021 Incoming r¢sourees R¢sourees expended Balance 8t 31 July 2022 Unrestricted funds G¢neral 32,115 72,483 (62.867) 41,731 Balance at I August 2020 Ineoming resources Resources expended Balance at 31 July 2021 Unre$trleted fund5 General 18,686 43,486 {30,0571 32.115 13 Analysis of net assets between funds Unrestri¢ted funds General Total funds 8t 31 July 2022 Tangibl¢ fixed assets Current a5set5 Current liabiliti¢s 15,498 14,162 {421) 29,239 15,498 14,162 {421) Total net assets 29,239 Unrestricted funds General Total funds at 31 July 2021 Tangible fixed assets Current assets Current liabilities 21,268 11,555 17081 21,268 11,555 17081 Total net &%sets 32,115 32.115 Pag¢ 13
Mid Antrim Vineyard Notes to the Financiydl Statements for the Year Ended 31 July 2022 14 Analysis of net funds At l August 2021 Financing ta$h flows At 31 July 2022 Cash at b2nk and in hand 11.555 2,607 14,162 Net debt 11.555 At l August 2020 2,607 Finaneing cash llows 14,162 At31 July 2021 Cash at bank and in hand 15.297 13,7421 11,555 Net debt 15,297 (3,742) 11.555 Page 14