2022-08-31-accounts - Foyle Vineyard Church

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REGISTERED COMPANY NUMBER: NI645172 (Northern Ireland)

Report of the Trustees and

Financial Statements

for the Year Ended 31 August 2022

for

Foyle Vineyard Church (A Company Limited by Guarantee)

McCleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP

Foyle Vineyard Church

Contents of the Financial Statements for the Year Ended 31 August 2022

	Page
Report of the Trustees	1 to 3
Independent Examiner's Report	4
Statement of Financial Activities	5
Balance Sheet	6 to 7
Notes to the Financial Statements	8 to 12
Detailed Statement of Financial Activities	13 to 14

Foyle Vineyard Church

Report of the Trustees for the Year Ended 31 August 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and Activities

Our vision is to bring Jesus and His Way to those around us, in the places we live work and play - restoring hope to our city and region by loving those on the fringes, mending the broken heart and empowering people to live with possibility and purpose.

We are committed to serving our city and region, demonstrating the love of God in tangible ways as a people of generosity and compassion.

Objectives:

To advance the Christian faith.
To provide Christian teaching and education including the promotion of healthy relationships, mental health and well-being, and practical life skills
To provide pastoral care for members across a range of issues that affect wider society, supporting individuals and groups to flourish.
To support the renewal of our communities by providing opportunities for our members to participate
• in

projects that bring hope and life.

Activities

Throughout this period, we've been able to work within our objectives by providing a range of activities, programmes, and support, including for example, the following:

Sunday morning services with kid's programme, corporate worship, and teaching
Church at Home - we've continued to record and make services available online
Bi-weekly small groups (hubs) supporting discipleship in various locations
Bi-weekly training for leaders and volunteers (Equip)
Interactive discipleship programme for women (Woman of Worth)
Youth Group for 11-18 years
6-weekly participation in community partnership meetings
Quarterly Community Events - Scarlet Yarn Fair, Bloom Tots and Tea Initiative
Special services at Easter, Mother's and Father's Day, Pentecost Sunday, Ash Wednesday, Christmas Candle and Carols, Christmas Families Party, Big Carol Sing
Community Service Projects - including love Donegal days, Factory Reset Initiative
Compassion projects including Food giveaway, Em-power project providing emergency electric to those in need, Hope Boxes - providing emergency supplies to local partners include Foyle Women's Aid, Bloom - an initiative for young families to provide practical and emotional support for families with new-borns
One to one prayer, pastoral support, prayer support through prayer zoom
Places for connection and belonging - book club, Friday night coffee, come dine with me initiative
Termly activities for kids and families
Termly newcomers' lunch

Page 1

Foyle Vineyard Church

Report of the Trustees for the Year Ended 31 August 2022

OBJECTIVES AND ACTIVITIES

Public benefit

In setting our objectives and planning our activities for the year, the directors/ trustees have given careful consideration to the Charity Commission for Northern Ireland's statutory guidance on public benefit to ensure that the activities have helped achieve the charity purpose and provide a benefit to the beneficiaries.

FINANCIAL REVIEW

Financial review

Detailed Statement of Financial Activities for the year ended 31 August 2022, which shows the results of the company is set out on page 5 of the accounts. The reported surplus for the period is £443. The trustees continually review all funding opportunities to maximize the incoming resources for the organisation.

Reserves policy

The company's policy is to achieve a level of free reserves which matches the needs of the company both at the current time and the foreseeable future. Free reserves are those unrestricted reserves which are available for general use.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Structure, Governance and Management

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Foyle Vineyard Church is a company limited by guarantee. It is governed by its Memorandum and Articles of Association and the liability of each member is limited to an amount not exceeding £1. Foyle Vineyard Church is also a Registered Charity NIC107753 with the Charity Commission NI.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

NI645172 (Northern Ireland)

Registered Charity number

107753

Registered office

1st Floor 63-65 Rosemount Avenue Derry Co. Londonderry BT48 0HL

Trustees

Mr Alan Roye Carson Associate Pastor Mr Shane Charles Birney Architect Mr Benjamin David Ewan Pastor Mr Alan Corry Finn (appointed 23.5.22) Mr Desmond Craig Johnston (appointed 23.5.22)

Page 2

Foyle Vineyard Church

Report of the Trustees for the Year Ended 31 August 2022

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner John McCleary FCA McCleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP

Approved by order of the board of trustees on 2 March 2023 and signed on its behalf by:

Mr Benjamin David Ewan - Trustee

Page 3

Independent Examiner's Report to the Trustees of Foyle Vineyard Church

I report on the accounts of the company for the year ended 31 August 2022, which are set out on pages five to twelve.

Respective responsibilities of charity trustees and examiner

As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to:

examine the accounts under section 65 of the Charities Act
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
state whether particular matters have come to my attention.

Basis of the independent examiner's 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. The 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 explanations from you as charity trustees concerning any such matters.

My role is to state whether any material matters have come to my attention giving me cause to believe:

That accounting records were not kept in accordance with section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
That there is further information needed for a proper understanding of the accounts to be reached.

Independent examiner's statement

I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention.

John McCleary FCA McCleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP

2 March 2023

Page 4

Foyle Vineyard Church

Statement of Financial Activities for the Year Ended 31 August 2022

		31.8.22	31.8.21
		Unrestricted	Total
		fund	funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM
Donations and legacies		55,070	45,086
EXPENDITURE ON
Charitable activities
Direct costs		37,850	32,718
Support costs		16,777	16,858
Total		54,627	49,576
NET INCOME/(EXPENDITURE)		443	(4,490)
RECONCILIATION OF FUNDS
Total funds brought forward		19,621	24,111
TOTAL FUNDS CARRIED FORWARD		20,064	19,621

The notes form part of these financial statements

Page 5

Foyle Vineyard Church

Balance Sheet 31 August 2022

31.8.22 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 20,064 NET CURRENT ASSETS 20,064 TOTAL ASSETS LESS CURRENT LIABILITIES 20,064 NET ASSETS 20,064 FUNDS 6 Unrestricted funds 20,064 TOTAL FUNDS 20,064	31.8.21 Total funds £ 19,621
	19,621
	19,621
	19,621
	19,621
	19,621

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The notes form part of these financial statements

Page 6

continued...

Foyle Vineyard Church

Balance Sheet - continued 31 August 2022

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 2 March 2023 and were signed on its behalf by:

Mr Benjamin David Ewan - Trustee

Mr Alan Roye Carson - Trustee

The notes form part of these financial statements

Page 7

Foyle Vineyard Church

Notes to the Financial Statements for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

Foyle Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Other operating leases 3. TRUSTEES' REMUNERATION AND BENEFITS Trustees' salaries Trustees' pensions paid	31.8.22 £ 12,992 31.8.22 £ 16,500 590 17,090	31.8.21 £ 14,173
		31.8.21 £ 16,500 513
		17,013

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

		31.8.22	31.8.21
	Pastoral and Administration	2	2
	No employees received emoluments in excess of £60,000.
5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL	ACTIVITIES
			Unrestricte
			fund
			£
	INCOME AND ENDOWMENTS FROM
	Donations and legacies		45,086
	EXPENDITURE ON
	Charitable activities
	Direct costs		32,718
	Support costs		16,858
	Total		49,576
	NET INCOME/(EXPENDITURE)		(4,490)

continued...

Page 9

Foyle Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
				Unrestricte
					fund
					£
	RECONCILIATION OF FUNDS
	Total funds brought forward				24,111
	TOTAL FUNDS CARRIED
	FORWARD				19,621
6.	MOVEMENT IN FUNDS
			Net
			movement		At
		At 1.9.21	in funds	31.8.22
		£	£		£
	Unrestricted funds
	General fund	19,621	443	20,064
	TOTAL FUNDS	19,621	443	20,064
	Net movement in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in	funds
		£	£		£
	Unrestricted funds
	General fund	55,070	(54,627)		443
	TOTAL FUNDS	55,070	(54,627)		443
	Comparatives for movement in funds
			Net
			movement		At
		At 1.9.20	in funds	31.8.21
		£	£		£
	Unrestricted funds
	General fund	24,111	(4,490)	19,621
	TOTAL FUNDS	24,111	(4,490)	19,621

continued...

Page 10

Foyle Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	45,086	(49,576)	(4,490)
TOTAL FUNDS	45,086	(49,576)	(4,490)

A current year 12 months and prior year 12 months combined position is as follows:

Net movement At 1.9.20 in funds £ £ Unrestricted funds General fund 24,111 (4,047) TOTAL FUNDS 24,111 (4,047)	At 31.8.22 £ 20,064
	20,064

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	100,156	(104,203)	(4,047)
TOTAL FUNDS	100,156	(104,203)	(4,047)

continued...

Page 11

Foyle Vineyard Church

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

7. RELATED PARTY DISCLOSURES

Mr Benjamin David Ewan is a trustee and paid employee of the Charity as disclosed on page 8 of the accounts.

Page 12

Foyle Vineyard Church

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

for the Year Ended 31	August 2022
	31.8.22	31.8.21
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Offerings	39,769	29,604
Gift aid	10,592	6,521
Occasional / Euros	2,724	5,874
Vineyard Hope	1,665	2,719
Venue	-	368
Events	320	-
	55,070	45,086
Total incoming resources	55,070	45,086
EXPENDITURE
Charitable activities
Trustees' salaries	16,500	16,500
Trustees' pensions paid	590	513
Wages	8,100	7,756
Outreach	600	104
Vineyard Hope	1,916	1,994
Ministries	789	200
Discipleship	-	595
Giving & missions	2,813	2,470
Sunday mornings	1,304	603
Premises expenses	4,408	1,807
Church planting	200	-
Hubs	224	-
Kids and youth	326	-
Travel	80	-
	37,850	32,542
Support costs
Finance
Bank charges	128	94
Other
Rent	12,992	14,173
Operational fees	3,657	2,767
	16,649	16,940

This page does not form part of the statutory financial statements

Page 13

Foyle Vineyard Church

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

	31.8.22	31.8.21
	£	£
Total resources expended	54,627	49,576
Net income/(expenditure)	443	(4,490)

This page does not form part of the statutory financial statements

Page 14

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