Company registration number.. N1662740 Cbarity registration number.. 107625 Mid Antrim Vineyard (A con]pany limitsd by guarantee) A[Ual Report and Financial Statements for the Year Ended 31 Juty 2023 Thomas Oliver and Associates Limited Certified PublÈc Accountant l Moygashel Mills Park Dungannon Co TOne BT717DH
Mid Antrim Vineyard Contents Reference and Athninistrative Details Tru5tees' Report 2to5 Independent Examinerfs Report Statement of Financial Activities Balance Sbeet Statement of Casb Flows Notes to the Financial Statements IOto15
Mid Antrim Vineyard Reference and Administrative Details Charity Registration Number 107625 Company Registratioll Number 1662740 The chaTity is incorporated in Nortbern Ireland. 30 Ststion Road GlatryfoTd Ballymena B T44 9RA Registered Office Accountants Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co TITone BT717DH Page I
Mid Antrim Vineyard Trustees, Report The ttustees, who are directors for the purposes of company law, present the annual report together with tbe financial slatements of the charitable company for the year ended 31 July 2023. Objectives and aetivities l am pleased to provide a trustee report for the period to 3 1st July 2023, As tswtees we are grateful to God for His faitlthikness that I allowed us to to develop a team. and establish regular church Sunday gatherings. We have continued to make our rentsl propety feel like home. We are 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 h05Pitality and to facilitate small group and team meetings. We would like to thank Tommy Stewart and Roberta Stewart for all their service and hard work as Trustees from th¢ start of Mid Antrim Vineyard until September 2022 and wish them all the best in their new endeavours. We welcomed Luke Kwon and Claire Kwon onto the Board of TTUStees in September 2022. Churcb, Team and Ministry Development Despite usual shifts and settling of new church plants, we are pleased to finish the year with approximately IO0+ people regularly attending Mid Antrim Vineyard or regarding it a5 their ChUb home. We ran a children'5 club during the summer with over 60 children coming along to have fun and learn more about tbeir faith. The youth enjoyed a residentia] weekend away including some outdoor pursuit tivit¢S that they really enjoyed. We have continued to invest in the training of our safeguarding lead and trustee to ensure we are delivering the best possible care and service to any chil(L young person and vunerable adult who visits us. The senior leaders, youth and children's teams have all had trdining and updates in this are& youth and children's work grolvn considerably and we have new children and young people attend regularly. We are grdteful for an excellent teaD] of volunteers who serve our children and young people brilliantly on a regular basis. We celebrated baptisms OD Waterfoot beach this year which was a wonderful day for our church community. We also enjoyed some community evening5 including a ladtes "Curry Night an evening with an Ulster Rugby Player. Ceildah Socials and a Pizza and Praise nighl led by our youth. The men enjoyed a "Wild at Heart" course and they continue to meet regularly. We had severdl different small groups running throughout the year. The leadership tsam have also participated in training and development through attending Vineyard Leadership onferences in Ireland and also the National Vineyard Leaders Gathering in the Vineyard HQ in Trent, Nottingham. Page 2
Mid Antrim Vineyard Trustees, Report Rental Property Since acquiIing the building over 2 years ago, work has been undertaken to lle this space feel more practical and fimctional. We have further developed the youth space in the mezzanine, opened up some space for people to gather after the service is over and have purchased second-hand kitchen ware to help with OUT set up to use for ligbt refresbments weekly. We have plans to develop a children's space for preschool children and a practical workshop for men to gather together and work on commissioned woodwork and other projects. We have invested in a tsll glass window and doors that sit in front of the large roller doors at the front of the property - this bas opened up the whole hospitality arei making it light and bright and much more welcoming. It has our logo irnprintsd on it making it much easier to kDOW that it is our building. We are gTateful for groups of volunteers who regularly clean and maintain the building to a high standard. Finances We are grateful to God for the faithfuIness of many of those who attend Mid Antrim Vineyard in tsrnis of their financia] giving to the Work. This has enabled w to pay monthly ren( overheads, fees and to pay all amount monthly for pastoral services. We had a reasonably good response to appeals for Tearfund to assist with the earthquake appeal and to the Ballymena Foodbank in December . At the beginning of 2023 our church members provided basic hygiene and toilety items to make "Comfort Packs" to help out the local Hospice Care. Marriage Ceremonies We continue to have a licence for Opposite Sex Marriage at Mid Antrlm Vineyard. The registered officiant is Pastor Alyson Reid. Sponsorship License We have a Tier 2 Sponsorship Licence, but have not activiated or used it in the employment or facilitation of any overseas workers visas . and finally As trustee we wish to expres5 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. Page 3
Mid Antrim Vineyard Trustees, Report Trustees and officers The trustees and officers serving during the year and since the year end were as follow5: Ttees. MTS Roberta Stswart (resigued 4 Septsmber 2022) Mr Hugb Henry Reid Mr Thom&s Stewart (resigned 4 September 2022) Alyson Sarnb Reid Luke Hyung-Jin Kwon (appointed 4 September 2022) Claire Janette Kwon (appointed 4 September 2022) Structure? governance and management Governing document The charity is controlled by its governing docutnenL a deed of trusL and Constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Statement of trustees, responsibillties The trustees (who are also the directors of Mid Antrim Vineyard for the purposes of company law) are responsible for PTeparing the trustees, report and the financial ststements ID accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and RepubIic of Ireland" Company law requir¢s the trustees to prepare fiDanciaI statements for each financiaI year. Under company law the ttu5tees must not approve the financial ststements uuIe55 they are satisfied that they give a true and fair view of tbe state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable compally for that period. In preparing these financial Statements. the trustees are reqUid to: select suitable accounting policies and apply them consistentty. observe the methods and principles ID the Charities SORP; make judgements and estimates that are reasonable and prndent. stste whether applicable accounting standards, comprising FRS 102 have been folIowed, subject to any material departures disclosed and explained in the fmancial Statements. and prepare the fffjancial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can di5¢1ose with reasonable accuracy at any time the financial position of the Chitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the &ssets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud alld other igularItIes. Page 4
Mid Antrim Vineyard Trustees, Report The trustees are responsible for the maintenance and integrity of the corporate and fin8ncial inforn]ation included on the charitable companys website. Legislation governing the prepardtion and dissemination of fmancial ststements may differ frotu legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 18 April 2024 and signed on its behalf by: Alyson Sarab Reid Trnstee Pag¢ 5
Mid Antrim Vineyard Independent Examiner's Report to the trustees of Mid Antrim Vineyard ('the Company,) I report to the charity trustee5 on n]y examination of the awoullts of the Company for the year ended 31 July 2023. Respective responsibilities of trustees and examiner A5 the charity's truste£5 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 with the requirements of the Charities Act (Northern Ireland) 2008. Having satisfied myself that the accounts of Mid Antrin] Vineyard are not reqllired to be audited under section 65 of Charities Act (Northern) Ireland 2008 and that an independent examination is needed. It is my responsibility to.'_ - examine the accounts under section 65 of the Charities Act - to follow the procedures laid doHTr in the general Directions given by the Clwity Commission for Northern Ireland under section 65 (9)(b) of the Charities Act - to state whether particular matters have come to my attention Basis of IndepeDdent Examiners, Report I have examined your cllarity accounts as required under section 65 of the Charities Act and my examination was Caled out in accordance with the general Directions given by the Charity Commission for Nortbern treland under section 65(9)0)) of the Charities Act. An examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusua] items or disclosures in the accounts, and Seeking expa]nations from the trustees concerning any such matters.. I confirn] 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 respect of Mid Antrim Vineyard as required by section 63 of the Charities Act. or 2. That the accounts do not accord with those records" or 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. That there is fither infonnation needed for a proper understanding of the accounts tobe reached. IndependeDt Examiner's Ststemellt I have completed rny examination and have no concerns in respect of the matter (l) to (4) listed above and in Co[eCtIonS with the following directions of the Charity Commission for Northern trelan¢ I have found no matters that require drawing to your attention Thomas ssociates Limited Certified Public Accountant 18 April 2024 Page 6
Mid Antrim Vineyard Statement of Financial Activities for the Year Ended 31 July 2023 ncluding Income and Expenditure Account and Statement of Total Recogni5ed Gains and Losses) Unrestricted funds Total 2023 Note Income and Endowments from: Donations and legacies Total income 73,770 73,770 73,770 73,770 Expenditure on.. Other expenditure Total expenditure Net income (70.515) (70,515) 70,515) (70.515) 3,255 3,255 Net movement in funds 3,255 3,255 Reconciliation of funds Total funds brought forward Total funds carried forward 41.731 41,731 12 44,986 Unrestricted lunds 44,986 Total 2022 Note Income and Endowments from: Donations and legacies Total income 72,483 72,483 72,483 72,483 Expenditllre on: Other expenditure Totsl expenditure Net income (62,867) 62,867) (62,867) (62,867) 9,616 9,616 Net movement in funds 9,616 9,616 Reconclliation of funds Total funds brought forward Total funds Caled forward 32,115 32,115 12 41.731 41,731 All of the charity's activities derive from continuing operations during the above two periods. The fidS breakdown for 2022 is shown in note 12. The notes on pages 10 to 15 forn] an integral part of these financial statements. Page 7
Mid Antrim Vineyard (Registration number: N1662740) Balance Sheet as at 31 Juty 2023 2023 2022 Note Fixed assets Tangible &ssets 38,703 27,990 Current assets Cash at bank and in hand io 6,763 14,162 Creditors: knollDts fallfing due within one year Net current assets (480) 421) 6.283 13,741 Net assets 44,986 41,731 Funds of the charity: Unrestricted income funds Unrestricted funds 44.986 41,731 Totsl funds 12 44,986 41,731 For the fmancial year ending 31 July 2023 the charity w&8 entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors a¢knowledge their responsibilities for complying with the requiretnents of the Act with respect to accounting records and the prepardtion of ountS. The financial statements on pages 7 to 15 were approved by the trustees, and authorised for issue on 18 April 2024 and Signed on their behalf by: Alyson Sarah Reid Trnstee The notss on pages 10 to 15 forn] an Inteal part of these financial statements. Page 8
Mid Antrim Vineyard Statement of Cash Flows for the Year Ended 31 July 2023 2023 2022 Note Cash flows from operating aetivities Net cash income 3,255 9,616 Adjustments to cash nows from non-e25h items Depreciation 2,434 2,180 5,689 11.796 Working eapital adjustments tncrease/(decrease) in creditor5 Net C&8h flows from operating activities Cash flow5 from Investing activities Purchase of tangible fixed assets 59 (287) 5.748 11,509 (13,147) (8,902) Net (decre&seyincrease in cash and c&sh equivalents Cash and cash equivalents at l August Cash and cash equivalellts at 31 July (7,399) 14.162 2.607 11,555 6,763 14,162 All of the cash flows are derived from continuing operatiOll5 during the above two periods. The notes on pages 10 to 15 forni all integrnl part of these financial statements. Page 9
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 Juty 2023 I Charity status The charity is limited by guantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The addres5 of its registered office is.. 30 Station Road Glarryford Ballymena B T44 9RA These financial statements were authorised for issue by the trustses on 18 April 2024. 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial staternents are set out below. These policies have been CODSiStently applied to all the years presente unless otherwise stated. Statsment of compliance The financial statements bave been prepared in accordance with Accounting and Reporting by ChaTities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance witb the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland Rs 102)) (issued in October 2019) - (Charities SORP (FRS 102)). the Fitwicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basi5 of preparation Mid Antrim Vineyard meets the derltiOn of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The ITUStee5 consider that there are no material uncertainties about the ChIty'S ability to continue as a going concern nor any significant areas of uncertainty that afftct the carrying value of &ssets held by the chaTity. Income and endowments All incorne is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donadons and lezacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfonnance by the charity before the charity is entitled to the fimds, the income is deferred and not recognised until either those conditions are fillly me( or the fulfiiment of those condition5 is wholly within the control of the charity and it is probabl¢ that these conditions will be lfilled itl the reporting period. Page 10
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 Juty 2023 Expenditure All expenditure is recognised once there is a legal or constctive obligation to that expenditure, it 15 probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocatsd on a b&sis consistent with the use of resources, with central staff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support Costs are allocated based on the spr¢ad of staff costs. TaIation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a Charitable company for UK COTporation tax pury)oses. Accordingly. the charity is potentially exempt from taxation in respect of income OT capital gains received within categories covered by Chapter 3 Part I l of the Corpordtion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible red assets Individual fixed assets costing £150.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreeiation and amortisation Depreciation is provided on tangible fjxed assets so as to write off the c4)st or Valuatio less estimated residual value. over their expected useful economic life as follows: Asset class Fixtures and Fittings Depreciation method and rate 200/D straight lille Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other 5hort-tenn bigbly liquid investments that are readily convertible to a known amount of cash and are subject to an insignÉficant risk of change in value. Fund structure Unrestricted income funds are general fid5 that are available for use at the trustees discretion in fi]rtherance of the objectives of the charity. Page 11
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 Juty 2023 3 Income from donatioDs and legacies Unrestricted funds General Totsl funds Donations and legacies. Donations from individuals Gift aid reclaimed 65,539 8,231 65,539 8,231 Tot21 for 2023 73,770 73,770 Totsl for 2022 72,483 72,483 4 Other expenditure Unrestricted fuuds General Total funds Independent examiner fees Examination of the financial statements Marketing and publicity Depreciatio amortisation and otheT similar costs Other resources expended Total for 2023 Note 480 153 2,434 67,448 480 153 2,434 67,448 70,515 70.515 Total for 2022 62.867 62,867 Page 12
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 Juty 2023 5 Net incomingloutgoing resources Net incoming resources for the year include: 2023 2022 Depreciation of fixed &ssets 2,434 2,180 6 Trustees remuneration and expenses No trustees, nor any person5 connected with them, have received any remuneration from the charity during the year. 7 Independent examiner's remuneration 2023 2022 Examination of the financial statements 480 456 8 Taxation The charity is a registered charity and is therefore exempt from taxation. 9 Tangible ffixed assets Land and buildings Furnithre 2nd equipment Totsl Cost At l August 2022 Additions 20.609 12,150 11.425 997 32,034 13,147 At 31 July 2023 Depreciation At l August 2022 Charge for the year At 31 July 2023 Net book value 32,759 12,422 45,181 4,044 2,434 4,044 2,434 6,478 6,478 At 31 July 2023 At 31 July 2022 32,759 5,944 38.703 20,609 7,381 27.990 10 Cash and &gsh equivalents 2023 2022 Cash at bank 6,763 14,162 Page 13
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2023 11 Creditors.. amounts falling due within one year 2023 2022 Other creditors AccnlS 480 420 480 421 12 Funds Balance at I August 2022 Incoming resources Resourees eipended Balance at 31 July 2023 Unrestricted funds General 41,731 73.770 (70,515) 44,986 Balance at I August 2021 Ineoming resources Resources expended Balance at 31 July 2022 Unrestricted funds General 32,115 72,483 (62,867) 41,731 13 An21ysis ol net assets between funds Unrestricted funds General Total funds at 31 Juty 2023 Tangible fixed assets cUent assets cunt liabilities 18,094 6,763 (480) 24.377 18.094 6,763 (480) 24,377 Total net assets Unrestricted funds General Total funds at 31 July 2022 Tangible fixed assets Current &ssets Current liabilities 15,498 14,162 (421) 29,239 15,498 14,162 (421) 29,239 Totsl net assets Page 14
Mid Antrim Vineyard Notes to the Financial Statements for tbe Year Ended 31 Juty 2023 14 Analysis of Det fuDds At l August 2022 At 31 Juty 2023 Cash at bank and in hand 14,162 14,162 Net debt 14,162 Finaneing cash flow5 14,162 At 31 July 2022 At l August 2021 Cash at bank and in hand Net debt 11,555 2,607 14,162 11,555 2,607 14,162 Page 15