REGISTERED COMPANY NUMBER: NI652470 (Northern Ireland)
Report of the Trustees and
Financial Statements
for the Year Ended 31 August 2023
for
Bangor Vineyard Church (A Company Limited by Guarantee)
McCleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 1TP
Bangor Vineyard Church
Contents of the Financial Statements for the Year Ended 31 August 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 to 14 |
Bangor Vineyard Church
Report of the Trustees for the Year Ended 31 August 2023
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 2023. 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 aims
Our vision is to be a church who passionately follow Jesus and lead our community into relationship with Him. We believe we are called to encourage, equip and release people into their full potential and divine destiny.
We are committed to serving our community through being practical, generous and compassionate.
Objectives :
To advance the Christian faith.
To provide Christian teaching and education including the promotion of healthy relationships, mental health and healthy financial stewardship.
To provide pastoral care for members across a range of issues that affect wider society.
To support the re-generation of our local community by actively encouraging our members to participate in activities that bring hope and renewal.
Activities
Weekly Sunday morning services with creche, kids club and church service. Small Group meetings in homes.
Regular compassion initiatives (including supporting local foodbanks, nursing homes and a Christmas giveaway to support a local youth residential centre)
Summer BBQ and fun afternoon open to the wider community.
Public benefit
In setting our objectives and planning our activities for the year, the 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's purpose and provide a benefit to the beneficiaries.
FINANCIAL REVIEW
Financial Review
The statement of financial activities which shows the results of the company is set out on page 4. The reported deficit for the period is £1,844. The trustees continually review all funding opportunities to maximise the incoming resources for the charity.
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
Governing document
Bangor 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.
Page 1
Bangor Vineyard Church
Report of the Trustees for the Year Ended 31 August 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number NI652470 (Northern Ireland)
Registered Charity number 108541
Registered office
6 Rathmore Crescent Bangor Co. Down BT19 1DG
Trustees
Mr A R Carson Minister of Religion Mr B D Cupples Head of Asset Management Mr G W Storbeck External Reporting Manager Mrs L Skelton Charity Worker (appointed 23.5.23)
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 25 January 2024 and signed on its behalf by:
Mr B D Cupples - Trustee
Page 2
Independent Examiner's Report to the Trustees of Bangor Vineyard Church
I report on the accounts of the company for the year ended 31 August 2023, which are set out on pages four 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 independent 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
25 January 2024
Page 3
Bangor Vineyard Church
Statement of Financial Activities for the Year Ended 31 August 2023
| Unrestricted Restricted fund funds Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 41,712 2,123 Other income 927 - Total 42,639 2,123 EXPENDITURE ON Charitable activities Direct costs 32,466 3,725 Support costs 10,415 - Total 42,881 3,725 NET INCOME/(EXPENDITURE) (242) (1,602) Transfers between funds 9 (1,602) 1,602 Net movement in funds (1,844) - RECONCILIATION OF FUNDS Total funds brought forward 5,116 - TOTAL FUNDS CARRIED FORWARD 3,272 - |
31.8.23 31.8.22 Total Total funds funds £ £ 43,835 27,068 927 31 44,762 27,099 36,191 31,538 10,415 7,339 46,606 38,877 (1,844) (11,778) - - (1,844) (11,778) 5,116 16,894 3,272 5,116 |
|---|---|
The notes form part of these financial statements
Page 4
Bangor Vineyard Church
Balance Sheet 31 August 2023
| 31.8.23 | 31.8.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 7 | 420 | - | 420 | - |
| Cash at bank | 3,552 | - | 3,552 | 5,116 | |
| 3,972 | - | 3,972 | 5,116 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 8 | (700) | - | (700) | - |
| NET CURRENT ASSETS | 3,272 | - | 3,272 | 5,116 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 3,272 | - | 3,272 | 5,116 | |
| NET ASSETS | 3,272 | - | 3,272 | 5,116 | |
| FUNDS | 9 | ||||
| Unrestricted funds | 3,272 | 5,116 | |||
| TOTAL FUNDS | 3,272 | 5,116 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 5
continued...
Bangor Vineyard Church
Balance Sheet - continued 31 August 2023
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 25 January 2024 and were signed on its behalf by:
Mr B D Cupples - Trustee
The notes form part of these financial statements
Page 6
Bangor Vineyard Church
Notes to the Financial Statements for the Year Ended 31 August 2023
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
continued...
Page 7
Bangor Vineyard Church
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| Donations Gift aid NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Other operating leases |
31.8.23 £ 37,192 6,643 43,835 31.8.23 £ 11,805 |
31.8.22 £ 22,402 4,666 |
| 27,068 | ||
| 31.8.22 £ 10,079 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
5. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Pastoral staff |
31.8.23 £ 12,013 12,013 31.8.23 1 |
31.8.22 £ 13,250 |
|---|---|---|
| 13,250 | ||
| 31.8.22 1 |
No employees received emoluments in excess of £60,000.
continued...
Page 8
Bangor Vineyard Church
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|---|
| Unrestricte | |||
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 27,068 | ||
| Other income | 31 | ||
| Total | 27,099 | ||
| EXPENDITURE ON | |||
| Charitable activities | |||
| Direct costs | 31,538 | ||
| Support costs | 7,339 | ||
| Total | 38,877 | ||
| NET INCOME/(EXPENDITURE) | (11,778) | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 16,894 | ||
| TOTAL FUNDS CARRIED | |||
| FORWARD | 5,116 | ||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.8.23 | 31.8.22 | ||
| £ | £ | ||
| Other debtors | 420 | - |
continued...
Page 9
Bangor Vineyard Church
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 31.8.23 | 31.8.22 | |||||
| £ | £ | |||||
| Accruals and deferred income | 700 | - | ||||
| 9. | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.9.22 | in funds | funds | 31.8.23 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General Fund | 5,116 | (242) | (1,602) | 3,272 | ||
| Restricted funds | ||||||
| World Vision Trip | - | (184) | 184 | - | ||
| Church Events | - | (1,418) | 1,418 | - | ||
| - | (1,602) | 1,602 | - | |||
| TOTAL FUNDS | 5,116 | (1,844) | - | 3,272 | ||
| Net movement in funds, included in the above are as | follows: |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 42,639 | (42,881) | (242) |
| Restricted funds | |||
| World Vision Trip | 1,174 | (1,358) | (184) |
| Church Events | 949 | (2,367) | (1,418) |
| 2,123 | (3,725) | (1,602) | |
| TOTAL FUNDS | 44,762 | (46,606) | (1,844) |
continued...
Page 10
Bangor Vineyard Church
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.9.21 | in funds | 31.8.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 16,894 | (11,778) | 5,116 |
| TOTAL FUNDS | 16,894 | (11,778) | 5,116 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General Fund | 27,099 | (38,877) | (11,778) |
| TOTAL FUNDS | 27,099 | (38,877) | (11,778) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.9.21 | in funds | funds | 31.8.23 | |||
| £ | £ | £ | £ | |||
| Unrestricted funds | ||||||
| General Fund | 16,894 | (12,020) | (1,602) | 3,272 | ||
| Restricted funds | ||||||
| World Vision Trip | - | (184) | 184 | - | ||
| Church Events | - | (1,418) | 1,418 | - | ||
| - | (1,602) | 1,602 | - | |||
| TOTAL FUNDS | 16,894 | (13,622) | - | 3,272 |
continued...
Page 11
Bangor Vineyard Church
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
9. MOVEMENT IN FUNDS - continued
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 | 69,738 | (81,758) | (12,020) |
| Restricted funds | |||
| World Vision Trip | 1,174 | (1,358) | (184) |
| Church Events | 949 | (2,367) | (1,418) |
| 2,123 | (3,725) | (1,602) | |
| TOTAL FUNDS | 71,861 | (85,483) | (13,622) |
10. RELATED PARTY DISCLOSURES
The charity's employee, Rebecca Cupples is the wife of Trustee Ben Cupples. Wages paid to Rebecca Cupples are detailed in note 5.
Page 12
Bangor Vineyard Church
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 August 2023 | ||
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 37,192 | 22,402 |
| Gift aid | 6,643 | 4,666 |
| 43,835 | 27,068 | |
| Other income | ||
| Other income | 927 | 31 |
| Total incoming resources | 44,762 | 27,099 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 12,013 | 13,250 |
| Venue costs | 11,805 | 10,079 |
| Children's ministry | 784 | 853 |
| Other ministry | - | 55 |
| Printing and production | 74 | 81 |
| Out gifting | 1,073 | 843 |
| Sundries | 883 | 522 |
| Events | 2,367 | 2,020 |
| Resources | 415 | 372 |
| Conferences | 1,458 | 1,011 |
| Outward facing ministry | 406 | - |
| VCUKI | 1,440 | 1,420 |
| Leadership training | 672 | 1,032 |
| World Vision expenses | 1,358 | - |
| Rebrand expenses | 1,443 | - |
| 36,191 | 31,538 | |
| Support costs | ||
| Finance | ||
| Bank charges | 265 | 220 |
| Other | ||
| Sundries | 3,001 | 2,245 |
| Professional fees | 2,498 | 1,605 |
| Carried forward | 5,499 | 3,850 |
This page does not form part of the statutory financial statements
Page 13
Bangor Vineyard Church
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| Other | ||
| Brought forward | 5,499 | 3,850 |
| Travel and mileage | 369 | - |
| Assets | 4,282 | 3,269 |
| 10,150 | 7,119 | |
| Total resources expended | 46,606 | 38,877 |
| Net expenditure | (1,844) | (11,778) |
This page does not form part of the statutory financial statements
Page 14
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