THE PARISH OF ST. PETEI R AND ST. JAMES, BELfiAST Sialement of Financial Activities for the year ended 31 Decetnber 2022 nrestiitted Desi ated Restricted Fiii)ds Fiinds Funds Total unds 2022 Total Fund 2021 Notes INCOMING RESOURCES Free ivill offerings Doiiations aiid grants Interest and other investment income Rental income- St. James Property HMRC- En)ployn)ent allowance HMRC - Job Retention Scheme 77,500 13.269 2,376 1,800 4,750 77,500 28.694 2,376 1,800 4,750 85,865 88,944 2,210 1.650 3.984 7,197 2.600 12.825 99,695 2,600 12.825 115.120 189,850 EXPEI NDITURE Clergy costs Rectory costs Church costs Parochial l)all costs General costs St. James property costs 53,890 2,121 22,749 1,541 32,148 2.621 53,890 3,317 23,229 1,541 47.058 3,152 52.838 5,664 30,506 4.488 43,587 5,296 1,196 480 14.910 531 10 115,070 17,117 132.187 142,379 IDEfiICITIISURPLUS OF INCOMC OVER IXPENDITURC fiOR THE YEAR (15,375) 2,600 (4.292) 117,0671 47,471 Accumulaled siirplus of income over expenditure carried forward at l January 2022 57,956 62,500 23.301 143.757 96,436 Interest chpitalised (150) Transfer from eapital fund AccumulAted surplus of intome over expendiluiy caii'ied fonv8rd ht 31 December 2022 42,581 65.100 19,009 126,690 143,757 li
THE PARISH OF ST. PEI TEI R AND ST. JAMEI S, Bli LfiAST Statement of Financial Activities as al 31 December 2022 2022 2021 Notes Fi3ed 4ssels Investments 12 114,307 14.050 Cui'i'ent gsscls Debtors and prepayments Bank balai)¢e- Progressive Building Society Bank bal&nee- Pmgressive Building Society Bknk balance- DAnske Baiik- Current fjccount Bpnk balance- DAnske Bank- Deposit aOunt 13 15,096 12.880 15,210 29,873 28,985 75,660 162,608 30,097 20.168 77.731 143,092 Creditois.. Amounts fAlllng due within one ye8r Creditor$ and aecrued expa)ses 14 (8,441) (10,633) Net cui'rent 95sets 134,651 151,975 Total net 455els 248.958 266.025 Finaneed by:" CAPITAL FUND 15 122.268 122,268 FUNDS CMPLOYED Unrestricted ndS Designated fvnds Restricted fiinds 42,581 65,100 19,009 57,956 62,500 23,301 126,690 143,757 248,958 266.025 The fmaneial statements were ppproved by the board of tnistee5 on 17 April 2023 Ènd Sied on their beholf by: IJLLL dLcL MTS Ashlee T Mccune 12
THE PARISH OF ST. PETER AND ST. JAMES, BELFAST Notes lo ihe Financial Siatemenls for the year ended 31 December 2022 l Accountlng policie5 The fjnancial statements of The Parish of St. Peter &nd St. Jaines, Belfast have beeii prepared it) accordAnce ivith the Statetnei)t or Recon)ii?ended Pratctice." Accoiintlllg and Reportuig by Charities FRS 102 Inconiiiig r£voiirces IncoiniTrg resourtts are accoiinted for on a receiveable bagis. liiveslttieiil iiiconie Bank interest is iiicliided in the iiicome and expendire account oil a receipts basi$. Resovree& £Ypgnded Cliaritable expendihjre includes all expendilure directly iel8led to the objects of the charity and coniprises Ilie following'.- Costs of raising and generating fi]Trd$, Activities in furtherance of the charitys objectives. The costs of activities li) fiirtherwice of the charity's objectives rcpresent the cost of goods and servces and pncillary trading costs tliat l)ave been incurred in charitable pctivities. Support costs of activitie5, Support costs of activities for charitabl¢ purposes llielude salary costs. Managemei)t and administration of the eharity. Manog¢ment and Administration costs repr¢5¢nt expendiMre inciirred ui the managemenl of ihe chAtiWs assets, organisational administrAtion and conipliance with charitable and stahitory requirements. Tnxnilo As a charity, the churcli benefis from various exemptions froni taxation afforded by legislation. It is not therefo liabl¢ to lax on any income or gains fallin8 within those exemptions. 13
THE PARISH ofi ST. PETER AND ST. JAMES, BELFAST Notes lo the Financial Statements foi. the year ended 31 December 2022 2 Ineomlng rcsources- Free ivill offei'ings Unrestricted Desi 118ted Funds Funds Restiicted Fuiids TotNI Funds 2022 Total Fuiid 2021 FWO envelopes, standing orders and annual subscriptiolls FWO gift aid rebates- Note 19 Other giving- Note 19 Cashlplwte collections 54,707 17.287 2,760 2,746 54,707 17,287 2.760 2.746 52,378 17.070 14,435 1,982 77,500 77.500 85,865 3 Incoming i'esources- Donations and grants nrestiicted Desi nated Reslricled Funds FLind& Fiinds Tolal Funds 2022 Fund Baptisms, weddings, fi]nerals Belfasi City Couiicil MICROT3 Grant Bequests Donotioii for Tony Swan memorial {incl. gift aid claim) EasyfiiiidraisiDglAmazonSmile Every Grant Filniing fees Gazette- subscriptions and sales Hall hire- Note 19 Rainbows, Brownies and Guides- Donatioii St. James Endowment Fund Grlt For Mini5ty AssistAnts Treasure Ireland Grant VCSE Coyid PPE Grant Advertising Reveniie Belfast City Coiii)cil Friendship Group Grant TLG Family Fun Grant Donations- Note 19 Charity colle¢tlODS Nole 19 RCB Covid Grant 600 760 3.000 1,250 127 148 63,500 160 3,730 470 8,320 2825 2,293 158 158 2,600 2,600 160 8.709 160 8.709 8.320 8,320 290 290 1,200 300 2,626 1,706 1,510 1.200 300 1.299 1.706 1,327 1,761 1,510 13,269 2,600 12.825 28,694 88,944 * Desiated rts received from filniin8 Pt St Peter's Biid St Janies will be 4llocated between a Fabric Fund and a Special Piirposes FllTrd According lo the determinations of the Select Vestry. 14
THEI PARISH ofi ST. PEI TEI R AND ST. JAMES, BCI LFAST Notes to the Finaiicial Statements for Ihe year elided 31 Deceiiiber 2022 4 Incoming I'e50uiYes- Invcstmenl ineorne Unrestricted Desi iiat¢d Rtricted Fund und Futlds Total Funds 2022 Total Funds chari1)- Dividends Daiiske Bank- Charity aceount- Interest Danske Bank- Currejil occouiit- llerest Progressive Biiilding Society- Interest Bond Maturity Sale of land (NtE)- liiterest- Note I I RCB Gener81 Ui)it Trust Distribiitions- Nol¢ I I 1,809 1,809 1.613 37 83 224 83 224 96 310 26 231 26 231 154 2,376 2,376 2,210 5 Expenditure- Clei'gy Unrestricted Desi ated Reslricled Fuiids Funds Fui)d Total Fund Total FLinds 2021 2022 Rector's Stipend, loconiotory expei)ses and eniployers NIC Les$: crr- VatiOUS stipend bequests RCB - Various stipend bequests Pension ni1 Reli¢f clergy 44,837 (371) (704) 9,883 24S 44,837 1371) (704) 9.883 245 43.982 (353) (608) 9,662 155 53,890 53,890 52,838 6 Expenditui'e- Reclory nre na tricled Funds Total Funds 2022 Total Funds Funds 21 Rates Gioiind relit InsurAnce and part contents Repairs 1.439 40 1,439 40 358 1.594 .385 40 343 4,005 358 398 1,196 Less... CIT- Rectory maintenance bEquesi (114) (114) (109) 2,121 1,196 3,317 5.664 * Expei)diture on repairs of £1,196 met by way of the Covid 19 Charities Graiit. 15
THE PAIUSH OF ST. PETER AND ST. JAMES, BEI LFAST Notes to the Financial Sialeinenls for the year ended 31 Deceinber 2022 7 Ei xpenditui'e- Cliui'ch nteslricted Desi nated Restricted Funds Fuiids Fuiids Total FLinds Total Funds 2022 Electricity and gas- Chiirch and hall Less - RCB- Variou5 bequests Chiirch repairs Note 19 New equiptnent Whter and sewerAge IsiirJDee- Cliiirch and h&ll Organist's employment costs Relieforganisl Organ repairslmaintenonee Less.. - crr Orghn maintenance bequest Sutlday School Church and hall cle&ning Choral Biirsary St Pauls Priest-in-eharge fee 5,895 {7) 1.878 5,895 (7) 1,878 3.388 {71 11.370 4,545 961 2,828 7.632 250 59 (217) 97 125 1,026 3,028 7.861 290 908 (223) 99 800 320 1,040 1.026 3.028 7,861 290 908 (223) 99 800 800 ,040 480 Less- CIT- Various Bequests For parish PLltposes RCB- Various Bequests for parish piirposes (9) 11571 {9) (1571 (71 (518) 22.749 480 23,229 30,506 8 Ei xpendilui'¢- P8rochihl HAII nre tricted Desi ated Restricted Funds Funds Fund Totpl Funds 2022 Total Funds 021 Chiirch hall and coiilents- Insurance Hall maintenance- Note 19 Hall intruder and fire alarm systeni 853 370 318 853 370 318 796 3,212 480 1,541 1,541 4,488 16
THE PARISH OF ST. PEI TEI R AND ST. JAMES, BELFAST Notes to the Financial Staleinents for the year ended 31 December 2022 9 xpenditui'e- GenerRI Unrestricted Desi oted Fui)d Fiiiidg Restricted Funds Total Fiinds 2022 Total Fiinds 21 Annual donolions- Note 19 Annual donatioiis froni eharily collections- Note 19 GrietEhare. Recomiect (Funded by Hope Beyond grant) Computer and IT Covid PP equiprnent {PAid from VCSE Covid Recovery Grant) DAn$ke BAnk Fees Diocesaii Assessment Gazette costs Kickabout Club eqiiipinenl (Paid from Every Granl) Mini$try 8$$i$¢It$ en)plo)menl costs (Paid from St James Endowment Grwitl MiscellaneoLIS New equipmeiit Parish ekieriiig Printing and stationery, net of receipts Secretarial eniployinent costs incl, pension and national ins. Telephone and broadband TLG fees (Paid from Board of Edu¢siion TLQ GraNII A¢counlan¢y 1,500 50 1.706 1.550 1,706 1,200 ,761 1,886 324 2,293 403 650 1,053 184 9,523 184 184 9,523 184 9330 160 158 8,480 8J20 8,320 770 1,086 1,856 1.097 1,119 193 1,142 12,859 703 922 875 502 1,198 16.849 1,444 2.177 48 2.679 1,246 16.849 .444 873 875 873 875 L¢s5- CIT Various Beqllest$ for parish purposes Less- RCB - Various beqiiests for p4rish PUTPO%S (1,019) {265) (1,019) (265) 19671 (64) 32,148 14,910 47,058 43,587 10 xpendlture- St. James Propei'ty Unrestricted Desi ated Restricted Funds Funds Funds Total Funds 2022 2021 Electricity and gos Eiisurhnees Repairs and mainlainence Legg1 Fees Water aiid Sewerage 647 647 1.317 3.979 10 531 541 1.200 295 1,200 295 309 Les5- Contributions for Lilility costs (942) (942) (309) 2,621 531 3,152 5.296 * £531 of expendIre WAS mel by way of Ilie Covid 19 Charities Grant. 17
THE PARISH OF ST. PETER AND ST. JAMEI S, BELFAST Notes to t])e Financial Statements for the year ended 31 December 2022 11 Interest eRpllAllsed Unteslricled Reslricled Funds Flinds Total Fiinds Total Funds 2021 Sale of land INtE)- Interest RCB - Geiieral Unit Trust Dislributions 26 231 26 231 154 257 257 154 12 Investm¢nt5 Cost 2022 Cost 2021 Value al Valiie at 11212 3111212022 21 RCB - Landy sale [)- Cash on deposit 4.812 4,786 4.812 4,786 RCB - General Unil Tnist (NI) 18.789 18,558 43,610 46,821 CIT- Unit Trust- Specific donations and bequests 34,701 34,701 51.387 58.658 CIT- Capital Fund Unit Trust 21,005 21,005 48,589 48.589 M&G Investment5 (Chprifund) 35,000 35,000 32.029 33.919 114,307 114,050 180,427 192.773 Noniinol ol Uni ValLie at 1112 RCB - General Unil Tnist INI) CIT- Unit Triist- Specific doiiations and bequests crr- Copital Fund - Unit Tnist M&G Inve$lments (Charifundl 10,538.52 34.356.10 28,464.77 2.179.59 4.131 1.496 1.707 14.695 NOTE At the dale of signing the accouiits, coi)fwmation of tile nunibEr aiid value of the CIT Capital Fund wa$ outstandin8. 18
THE PAIUSH ofi ST. PEI TER AND ST. JAMES, BEI LFAST Nol¢s to the Financial Statements for the year ended 31 Deceinbei. 2022 13 Debtors And piep8yments 2022 2021 Alhrm niaintenlCc prepaid Filn)ing fees FWO monies oiitst8nding Gift aid refvnds receivable isurance prepaid Plate llectionS Rates prepaid Utility coiitribiilions receivable Water aiid se%verage prepaid St Paul's and St Bamabas re Zoom fees Amazon Smile donatioiis St Paul's Remarkable device contribution Doiiation Special collections 319 200 975 4,798 5.540 122 416 156 246 108 395 7,916 5,250 196 384 108 260 200 60 320 15,096 12,880 14 Ci'edltors and Aetrued expense$ 2022 2021 Accountancy Charitable donations Church repairs Cleaning Electricity Gas 875 1.775 875 560 385 44 817 390 156 823 40 1.624 251 108 621 40 15 40 103 Water and sewerage PA YE ond peThsioii contribLltion Weight Watcliers key deposit Bank fees Litte Kickers key deposit Bridge Club - Funds, Note 18 Benevolent Fiind- Fiinds. Note 16 Charities Action Group- Fiinds, Note 17 CrAlly Goodness- Funds Knitted Craft Iienis- Fiinds Ladies GLiild- Funds Parish Choir. Funds Social Fut)d - Funds 2,389 48 137 2.454 2,335 336 297 440 550 415 8,441 10,633 19
THE PAIUSH OF ST. PETER AND ST. JAMEI S, BELFAST Notes to the Financial Sialeinents foi. Ilie year ended 31 Decetnber 2022 IS C8Pltg1 fiuiid Intereyt Held a Received ai)d 31.12.2021 Ca italised Withdrawals ai)d Tran Held al 31.12.2022 122,268 122,268 16 Benevolent fiund Total Funds Total Funds 2022 2021 FLinds re1ved Gift aid tax 01) fiinds received Funds expended 330 75 470 {65) 65 270 375 (105) 105 TraThsfer (Surplus}IDeficil tfroM (und 17 Charitles Action Group Total Fiinds Total FuDd 22 2021 Funds received Gift aid tax on ndS r¢ceived DoTratioiis made 840 198 3,325) (2,287) 2.287 300 75 375 {3751 Transfer (Surpllis)erLC1t tolfron) nd 18 Bi'idge Club Total Fiiiids Funds received Donations made 1,353 11.250) 103 103 Transfer {SurpliisllDefi¢i¢ tolfrom fi]nd 20
THE PARISH OF ST. PEI TEI R AND ST. JAMES, BELFAST Notes lo the Financial Stalenients for the yeai. ended 31 Deceiiiber 2022 19 Mi$¢cllAneous notc Otlier Givin Chui'eh Re irslMHintenAnce Special collections 2.760 Bells n)ainlenan¢e Sump puinp service Asb¢stos survey Lighting repairs Fire ¢xlinguisher service Roof repairs Sniall works 120 150 390 230 2.760 Church chAri donatlons 660 210 Belfost North Salvation Arn)y Motor Neiirone Disease A$so¢iBliOii NI 300 300 300 300 300 50 Christians Against Poverty Belfast Samaritans Alzheiiners Researcl) UK Lowwood Priinary Scliool 1,878 H911 Hire Baby Sensory Weight Watchers Pilates Speecl) and Drama Alliance Party Priory Singers Childrens Porty NI Assen)bly Eleclioii Dran)¥ Time NBHS Walking Group Little Kickers Physiopilat¢S 1.350 1,350 630 2.380 85 200 75 197 600 210 62 100 1,470 1.550 Gift Aid Reeeived and receiveble To Cliarities Action Group To Benevolent Fund To Clioral Bursary To Choir Fund 17,888 {198) (75) (240) (88) Per note 2 17,287 HRII M8inten8n¢e 8,709 Blii)ds 370 li&ritsble Collection 370 Ukraine collections 1,706 Donolions i'eceived 1,706 Cralty Gry)dn¢5S Craty GdnesS Book Stall Choral Biisary Doi)ation Bridge Club Donation Gift from Parish Support¢r 100 99 Resthcled Fulid Chart eollection disbui's¢ments 167 1.200 Reswi¢l Fund 1,000 00 Ukraine Appeal 1,706 PAid over to the charities 1,706 2,626 21