Company registration number.. N1662740 Charity registration number: 107625 Mid Antrim Vineyard (A company limited by guaTantee) Annual Report and Financial Statements for the Year Ended 31 July 2024 Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH
Mid Antrim Vineyard Contents Reference and Administrative Detatls Trustees, Report 2to4 Independent Examiner's Report 5t06 Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t0 15
Mid Antrim Vineyard Reference and Administrative Details Charity Registration Number 107625 Company Registration Number N1662740 The charity is incorporated in Northern Ireland. 30 Station Road Glarryford Ballymena BT44 9RA Registered Office Accountants Thomas Oliver and Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH Page I
Mid Antrim Vineyard Trustees, Report The tnlstees, who are directOTS for the purposes of company law, present the annual report tooether with the financial statements of the charitable company for the year ended 31 July 2024. Objeetives and activities We are pleased to provide a tntee report for the period to 31 st July 2024. As trustees we are grate1 to God for His faithfulness that has allowed us to continue to develop a team and establish regular church Sunday gatherings along with using the building during the iveek for various groups. We have continued to make our rental property 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 some new spaces for prayer, enhancintr hospitality space and a space to facilitate small group and tearn meetings. There have been no changes to the Board of Trustees in this period. Church, Team and Ministry Development Despite usual shifts and settling of new church plants, we were pleased to finish the year with approximately 70 + people regularly attending Mid Antrim Vineyard OT regarding it as their church home. We ran a children's club durints the summer with over 60 children corning along to have and learn more about their faith. The youth enjoyed a Tesidential weekend away including some outdoor pursuit activities that they really enjoyed. We have continued to invest in the training of our safeguardiT)g lead and trustee to ensure we are delivering the best possible care and service to any child, young person and vulnerable adult who vislts us. The senior leaders, youth and children's teams have all had training and updates in this area. Our youth and children's work has grown consistently and we have new children and young people attend regularly. We are grateful for an excellent team of volunteers who serve our children and young people brilliantly on a regular basis. We celebrated more baptisrns on Wafrrfoot beach this year which was a wonderful day for our church COTnmunity. We also enjoyed some community evenings including a ladles evening with a local charity, Hope and L3ght while sorne of the ladies enjoyed a weekend retreat in the beauti7 SuOundS of White Park Bay. The men still enjoy meeting monthly, havin(7 various studies and social events. We had several different small groups running throughout the year and we ran an Alpha Youth course in a local high school in Cullybackey engaging regularly with 24 year 10 students. A highlight of the year was establishing a "2417 Prayer" space in our building which has been used for Church 24 - 36 hour prayer events corporately and Tnany times for individuals throughout the year. The leadership team have also participated in training and development through attending Vineyard Leadership conferences in Ireland and also the National Vineyard Leaders Gathering in the Vineyard HQ in Trent, Nottingham. Page 2
Mid Antrim Vineyard Trustees, Report The wider leadership team enjoyed meeting bimonthly for a year to complete the Leadership Essentials Course which we Tan through with VCUKI. Rental Property Since acquiring the building over 3 years ago, work has been undertaken to rnake this space feel more practical and functional. We have further developed the space for people to gather after the service is oveT which is a great help with ow set up for light refreslunents weekly. We have developed a safe and ivelcomin(r space for preschool children and a practical workshop for Men to gather together and work on commissioned woodwork and other projects. We are grateful for groups of volunteers who regularly clean and maintain the building to a high standard. Finances We are trrateful to God for the faIthIneSS of many of those who attend Mid Antrim Vineyard in terms of their financial giving to the WOTk. This has enabled us to pay monthly rent. overheads, fees and to pay an amount monthly to our senior pastors foT their pastoral services. We had a reasonably good response to appeals for a Christmas gifts to support a local charity, "Baby Bank" in our town to support their appeal for basic babyltoddler supplies to support parents in need. Marriage Ceremonies We continue to have a licence for Opposite Sex Marriage at Mid Antrim Vineyard. The registered officiant is Rev Alyson Reid. Sponsorship Licence We have a Tier 2 Sponsorship Licence, but have not activated or used it in th¢ employment or facilitation of any overseas workers visas. Final summary As trustees we wish to express our thanks to God for His leading and wisdom and express sincere thanks to all who have continued to support the development of Mid AntrTTn Vineyard as a chuTCh. Truslees and officers The trustees and officers serving during the year and since the year end were as follows.. Trustees: Mr Hugh Henry Reid Alyson SaTah Reid Luke Hyung-jin Kwon Claire Janette Kwon Page 3
Mid Antrim Vineyard Trustees, Report Structure? governanee and management Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited cornpany, limited by guarantee, as defined by the Companies Act 2006. Statement of trustees, responsibilities The tSteeS (who are also the directors of Mid Antrim Vineyard for the purposes of cornpany law) are responsible for preparing the trustees, report and the financial statements in 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 Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company laiv the trustees must not approve the financial statements unless they aTe satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, includino its incorne and expenditure, of the charitable 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 judgemeTtts and estimates that are reasonable and prudent; gtate whether applicable accounting standards, comprising FRS 102 have been followed. subject to any material deportures disclosed and explained in the financial statements. and prepare the financial 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 disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the CompanTes Act 2006. They are also responsible for Safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and otheT irregularities. The trustees are responsible for the rnaintenance and integrity of the corporate and financial infomiation included on the charitable cornpany's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 7 April 2025 and signed on its behalf by.. Alyson S Trustee ah Reid Page 4
Mid Antrim Vineyard Independent Examiner's Report to the trustees of Mid Antrim Vineyard ('the Company,) l report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024. Respective responsibilities of trustees and examiner As the chaTlty'S trustees of Mid Antrim Vineyard (and also its directors for th¢ purposes of company law) you are responsible for the preparation of the accounts in accordance with the requir¢ments of the Charities Act (Northern Ireland) 2008. Havincr sat15fied myself that the accounts of Mid Antrim Vineyard are not required to be audited under section 65 of Charities Act (Northem) Ireland 2008 and that an independent examination is needed. It is rny responsibility to'.- examine the accounts under section 65 of the Charitie5 Act to follow the procedures laid down in the general Directions given by the Charity 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 Independent Examiners, Report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) 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 unusual items or disclosures in the accounts, and seeking expalnations from the trustees concerning any such matters.. I confim 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 15 further infom]ation needed for a proper understanding of the accounts tobe reached. Page 5
Mid Antrim Vineyard Independent Examiner's Report to the trustees of Mid Antrim Vineyard ('the Company,) Independent Examiner's Statement have completed my examination and have no concerns in respect of the matter (l) to (4) listed above and tn connections with the following directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention Tho late5 Limited ertified Public Accountant 7 April 2025 Page 6
Mid Antrim Vineyard Statement of Financial Activities for the Year Ended 31 July 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2024 Note Income and Endowments from: Donations and legacies 63,288 63,288 Total income 63,288 Expenditure on: Other expenditure (69,221) (69,221) Total expenditure (69,221) (69,221) Net expenditure {5,9)3) (5,933) Net movement in funds (5,933) (5,933) Reconciliation of funds Total funds brought forward 44.986 44,986 Total funds carried fonyard 12 39,053 Unrestricted funds 39,053 Total 2023 Note Ineome and EndowtDent5 from: Donations and legacies 73,770 73.770 Total income 73,770 Expenditure on: Other expenditure (70,515) (70,515) Total expenditure (70,515) (70,515) Net incorne i.255 Net movement in funds 3.255 i,255 Reconciliation of funds Total funds brought forward Total funds carried forward 41,731 41,731 12 44,986 44,986 All of the charity's activities derive from continuing operations dwing the above two periods. The fvnds breakdown for 2023 is shown in note 12. The notes on pages 9 to 15 fonn an integral part of these financial statements. Page 7
Mid Antrim Vineyard (Registration number: N1662740) Balance Sheet as at 31 July 2024 2024 2023 Note Fixed assets Tangible assets 36,217 38,703 Current assets C&sh at bank and in hand io 3,789 6,763 Creditors: Amounts falling due within one year Net current assets (953) (480) 2,836 6,283 Net assets 39,053 44,986 Funds of the charity: Unrestricted income funds Unrestricted funds 39,053 44,986 Total funds 12 39,053 44,986 For the financial year ending 31 July 2024 the charity was entitled to exernption from audit under section 477 of the Companies Act 2006 relatin(r to small companies. Directors, Tesponsibilities.. The members have not required the charity to obtsin an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The financial statements on paoes 7 to 15 were approved by the trustees, and authorised for issue on 7 April 2025 and signed on their behalf by.. Alyson Trustee arah Reid The notes on pages 9 to 15 forni an integral part of these financial statements. Page 8
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2024 I Charity status The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceedino £Nil towaTds the assets of the charity in the event of liquidation. The address of its registered office is.. 30 Station Road Glarryford Ballymena BT44 9RA These financial statements were authorised for issue by the trustees on 7 April 2025. 2 Accounting policies Summary of significaDt accounting policies and key accounting estijnates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance WTth Accounting and Reporting by Charities.. Staternent of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reportin(T Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Mid Antrim Vineyard meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially r¢cognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going conc¢rn The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the Carrying value of assets held by the chaTity. Exejnption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow staternent in these financial statements. Income and endowments All income is recognised once the charity has entitlernent to the income, it is probable that the income will be received and the aTnount of the income receivable can be measured reliably. Page 9
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2024 Donations and legacies Donations are recognised when the chartty has been notified in TitIng of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perforniance by the charity before the charity is entitled to the funds, the income is defetTed and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly withÉn the control of the charity and it is probable that these conditions will be fulfilled in the Teporting period. ExpendSture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is 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 allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other 5UPPOrt costs are allocated based on the spread of staff costs. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 201 O and therefore it meets the definition of a charitable company for UK corporation tax purpose5. Accordingly, the charity is potentially exempt from taxation in r¢specÈ of income or capital gains received within categories coveTed by Chapter 3 Part I I of the Corporation Tax Act 201 O or Section 256 of the Taxation of Charoeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £150.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and Subsequent accumulated impainnent losses. Depreciation and amortisation Depreciation is provided on tangible fixed as5¢ts so as to write off the cost or valuation, less any estiTnated residual value. over their expected useful economic life as follows.. Asset class Flxtures and Fittinos Depreciation method and rate 20 % straight line Cash and Cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 10
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2024 Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlernent of the creditor for at least twelve rnonths after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-CUet liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unrestricted income funds are general funds that are available for use at th¢ trust¢es discretion in furtherance of the objectives of the charity. Page 11
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2024 3 Income from donations and legacies Unrestricted funds General Tot21 funds Donations and letsacies. Donations from individuals Gift aid reclaimed 45,414 17,874 45.414 17,874 Total for 2024 63,288 63,288 Total for 2023 73.770 73,770 4 Other expenditure Unrestricted funds General Total funds Note Independent examiner fees Examination of the financial statements Marketing and publicity Depr¢ciation, amortisatlon and other siTnilar costs Other resources expended Total for 2024 474 150 2,484 66.113 474 150 2,484 66,113 69.221 69,221 Total for 2023 70,515 70,515 Page 12
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2024 5 Net incomingloutgoing resources Net (outgoing)lincoming resources for the year include: 2024 2023 Depreciation of fixed assets 2.484 6 Trustees remuneration and expenses No trustees, nor any persons connected with them, have reeetved any remuneration from the charity during the year. 7 Independent examiner's remuneration 2024 2023 Examination of the financial statements 474 480 8 Taxation The charity is a retsistered charity and is therefore exempt from taxation. 9 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At l Aucrust 2023 32,759 12.421 45,180 At 31 July 2024 32,759 12,421 45,180 Depreciation At l August 202) Charge for the year 6,479 2,484 6,479 2,484 At 31 July 2024 8,963 8,963 Net book value At 31 July 2024 32,759 3,458 36,217 At 31 July 2021 32,759 5.942 38.701 Page 13
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2024 10 Cash and cash equivalents 2024 2023 Cash at bank 3,789 6,76i 11 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other creditors Accrua15 474 (i) 480 480 953 480 12 Funds Balance at I August 2023 Incoming r¢sourees Resources expended Balanee at 31 July 2024 Unrestricted funds General 44,986 63,288 (69,221) 39,053 Balance at I August 2022 Incoming resources Resources expended Balance at 31 July 2023 Unrestricted funds General 41,731 7i,770 (70,515) 44,986 13 Analysis of net assets between funds Unrestricted funds General Total funds at 31 July 2024 Tan(yible fixed a55ets Cuent assets Current liabilities 3,458 3,789 (479) 3,458 (479) Total net assets 6,768 6,768 Page 14
Mid Antrim Vineyard Notes to the Financial Statements for the Year Ended 31 July 2024 Unrestricted funds Ceneral Total funds at 31 July 2023 Tangible fixed assets Current assets Current liabilities 18,094 6.763 (480) 18,094 6,763 (480) Total net assets 24.377 24,377 14 Analysis of net funds At l August 2023 Finaneing cash flows At 31 July 2024 Cash at bank and in hand 6,763 (2,974) 3,789 Net debt 6,763 At l August 2022 (2,974) Financing cash flows 3,789 At 31 July 2023 Cash at bank and in hand 14,162 (7,398) 6,764 Net debt 14,162 (7,398) 6,764 Page 15