Charfty Number: NIC101023 Shankill Parish Lurgan Annual Report and Audited Financial Statements for the financial year ended 31 December 2022 Daly Park & Company Ltd Chartered Accountants and Statutory Auditors 4 Camegie Street Luryan Co. Armagh BT66 6AS Northem Ireland
Shankill Parish Lurgan CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Auditovs Report Statement of Financial Activities 10 Balance Sheet 11 Statement of Cash Flows 12 Notes to the Financial Statements 13-19 Supplementary Information relating to the Financial Statements 21-22
Shankill Parish Lurgan TRUSTEES. AND OTHER INFORMATION Trustees Sandra Castles (Appointed 5 May 2022} Ruth Craig (Appointed 5 May 2022) Leanne Gray (Appointed 5 May 2022) Cecil Beattie (Appointed 5 May 20221 Desmond Gregg Denis Johnston Chris Stevenson Maureen McLoughlin Daphne Jones Neil Sharpe (Resigned 5 May 2022) Alison Martin Ainslie Mcmullan Andrew Davis (Resigned 5 May 2022) Craig Collen Kyle Mcmullan Revd Rodney Blair Neal Myers Neville Crowe {Resigned 5 May 2022) Nicola Davis (Resigned 5 May 2022) Paul Kissock Chairperson Rev. Mark Harvey Charity Number in Northern Ireland NIC101023 Principal Address Shankill Parish Centre Lurgan Craigavon Co. Armagh BT67 9AA Northern Ireland Auditors Daly Park & Company Ltd Chartered Accountants and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Solicitors Watson & Neill 23 High Street Lurgan Co. Armagh BT668AH Northern Ireland
Shankill Parish Lurgan TRUSTEES, REPORT for the financial year ended 31 Dember 2022 The trustees present their Trustees. Report and the audited financial statements for the financial year ended 31 December 2022. The financial statements are prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report conlains the information required to be provided in the Trustees, Annual Report under the Statement of Recommended Practi (SORPI guidelines. The trustees of the charity are also charity trustees for the purpose of chariiy law and under the charity's constitution are known as members of the board of trustees. In this report the trustees of Shankill Parish Lurgan present a summary of its purpose, governance, activities, achievemenls and finances for the financial financial year 31 Dember 2022. The charity is a registered charity and, although not obliged to comply with the Statement of Recommended Practice (SORP) as issued by the Charity Commissioners for Northem Irelaind 2018, the organisation has implemented its recommendations where relevant in these financial statements.
Shankill Parish Lurgan TRUSTEES, REPORT for the financial year ended 31 December 2022 Review of Activities, Achievements and Performance OBJECTIVES AND ACTIVITIES The charitable purpose of the Church of Ireland is the advanment of religion. The principal function of Shankill Parish Lurgan is to support the advancement of the Christian religion by promoting the mission of the church pastoral, evangelislic, social and relational. Being open to and engaging with society as a whole and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity. Additionally. and in accordance with its stated charitable purpose, Shankill Parish Lurgan has custody of a large collection of historical records, materials, and artefacts of significance to the cultural and religious heritage of both the Parish and the town of Lurgan. The care and maintenance of these is undertaken by the Select Veslry. ACHIEVEMENTS, PEFORMANCE AND PUBLIC BENEFIT Shankill Parish is a vibrant and welcoming church family of different ages and backgrounds seeking lo build faith and build community in Lurgan. We are called to be hope builders in our community as we use our gifts. talents, and passions lo serve one other and those beyond our walls, sharing the Iransforming love of God and leaving a legacy of faith for the generations to come. This statement embodies and undergirds the mission we undertake as a parish and recognises the strategic role we have in Ihe community of Lurgan. The parish has considered the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities entered during the year have helped to achieve the Parish's objectives, as well as providing public benefit. CORPORATE WORSHIP For almost the whole of 2022, we have been worshipping in the Jelhro Centre (the community facylity owned by Shankill Parish Caring Association). This is due to a serious outbreak of dry rot in the church building. Investigations into this and the consequent remedial works necessitaled the closure of the church from the start of February 2022. Worshipping in the sports hall at Jethro is very different to an hisloric church building. but the congregations have grown during this period, particularly at our 10am setvice which is largeted specifically at a younger demographic. We are consistently seeing over 300 people galher for worship each Sunday. We are grateful to the management and staff of the Jethro Centre for their support. CHILDREN AND YOUTH During the year our children's and youth ministries have been able to resume without restrictions. It has been so encouraging to see children and families re-engage wilh our programmes on Sundays and during the week. Particularly pleasing has been the re-launch of our Toddler Time group which has seen large numbers of parenlslcarers and children return on a Monday morning each week. Our Sunday school and associated children, programmes have all seen encouraging growth. Our youth programmes returned to normal durtng 2022. Our youth worker left in June to lake up a post with the Education Authority and we successfully recruited her replacement who started in post in September. By the end of the year, programmes for 11-18 year-old were running on Sunday morning and evening, Wednesday afternoon and Friday evening. PASTORAL CARE During the year. restrictions that had impacted pastoral care were gradually eased and we have been able to return to a more or less normal pattern. the exception being access to care homes and some hospital wards. access to which has at times been restricted by COVID outbreaks. Our pastoral Support Worker retired in mid-2022. and we took the opportunily to create an enhanced pastoral care role. We sucsSfUllY recruited a Pastoral Care Coordinator. and she took up her role in September 2022. PARISH GROUPS The easing of COVD restrictions and a return to regular patterns of social interaction has allowed us lo re-introduce our various mid-week programmes which encourage members in their faith and provide opportunities for social connection, which has been so important coming out of the pandemic. These include Connect Groups, Womens, Guild. Motherfs Union. choir and ourweekly prayer group. OUTREACH AND EVANGELISM Towards the end of 2021, we applied to The Henry Smith Charity for a grant lo enable us to employ a Gommunity evangelist who would develop our spiritual and practical outreach into Ihe community. Our successful application has enabled us to employ a community evangelist. His role has signtficantly increased our presence in the community and enabled us to initiate several new programmes such as The Living Room. a weekly drop-in run in partnership with SPCA. and Story, a monthly informal gathering in Café IncredAble {in the Jethro Centre) where a member of our church family is interviewed about their life and faith. This new role has also enabled us to expand our compassion ministry through more personal face-to-face contact and support.
Shankill Parish Lurgan TRUSTEES, REPORT for the financial year ended 31 December 2022 Flnancial Review Full details of the current year finances are shown from pages 10 onwards. In 2021 financial year the Charity received £574,902 of income which had increased from 2020 resulls1350/.l- The majorily of the income 173%) is unreslricled. Expenditure in 2021 lotslled £340.888. including £46.407 of depreciation. The lolal expenditure in the current year is significantly higher than the 2021 comparative 181 /ol as as over £220.000 has been spent on the repair of the dry rot in the church and on spire repairs. A reported surplus of £144,366 including this depreciation charge is shown in the Church's Statement of Financial Activities for the year. This result is as anticipated and expected by the Trustees. The Church has reserves of £6.9m al the year end and the financial slalemenls have been prepared on the g¢ing concem basis. Results and Dividends Al the end of the finanGial year the charity has assets of £7.125.358 {2021 £6.970,543I and Ilabllilles of £145,994 12021- £135.5451. The net assets of the charity have increased by £144,366. The charity Is committed to enabling as many people as possible to worship al our church and lo become part of our Chrlslian Community. Our SeNices and worship pul faith into practice through prayer and scripture. In particular, we try to enable ordinary people to live out their faith as part of our community. In accordance with the Axticles of Association. the trustees redre by rotation and. being eligible. offer Ihemselve5 for re-election. Compliance with Se¢tor-Wlde Leglslatlon and Standards The charity engages pro-actively with legislation, standards and ctNJes which are developed for lh9 seGlor. Shankill Parish Lurgan subscribes to and is compliant with the followlng.. The Charities SORP {FRS 1021 Public Benefit The Parish has given careftjl ¢onsideralion to the Charity Commission for Northern Ireland's guidance on public benefit lo ènsure that the actives entered into during the year h8ve helped to achieve the Parish's objectives and aclivilies. as well as providing public benefit. Approved by the Board of Trustees on 20 Aprll 2023 and slgned on it behalf by-. Revllmar Harv Chairperson Allstyn Marti6 Trustee
Shankill Parish Lurgan STATEMENT OF TRUSTEES. RESPONSIBILITIES for the finanaal year ended 31 December 2022 The trustees are sponSible for preparing the financial slalemenls in accordance wlh applicable law and regulats'ons. The law applicable lo charities in Northern Ireland requires the Iruslees lo prepare financ¢al statements for each financial year which give a true and falr view of the assets, liabilities and financial position of the charity as al the rinancial year end date and of the surplus or deficit of the charity and olhepNise comply with the Charilies Act INorthem Iland) 2008. In preparing these finanaal statements, the Iruslees are required to.. select suitable accounting policies and apply Ihem consislenlly.. observe the methods and principles in (he Charities SORP make judgements and eslimales that are reasonable and prud8nt,' slate whether the financial statements have been prepared in accordanc8 with the relevant financial reporting framework, idenlify those standards, and note the effe¢t and the asonS for any material departure from those standards.. and prepare Ihe financial statements on the going concern basis unless il is inappropriale lo presume Ihal the charity will continue in operation. The trustees confirm Ihal they hav¢ complied with the above requirements in preparing the financial ststernents. The twslees are responslble for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy al any time the financial position of the charity and enable them lo ensure that the financial ststemenls comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charrty and hence for taking reasonable steps for the prevention and deteets'on of fraud and other irregularities. Approved by the Board of Trustees on 20 Aprll 2023 and slgned on it5 behalf by: Rev. Mark Ha Chalrperson Alison Marttrf Trustee
INDEPENDENT AUDITOR'S REPORT to the Members of Shankill Parish Lurgan Report on the audit of the financial statements Opinion We have audited the charity financial statemenls of Shankill Parish Lurgan ('Ihe charity,) for the financial year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet. the Statement of Cash Flows and notes to the financial statements, including the summary of significant accounting policies set out in note 2. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statement of Recommended Practi applirAble to charities preparing their accounts in accordance with FRS 102. In our opinion. when reporting in accordance with a fair presentation framework the financial statements: give a true and fair view of the state of the charity's affairs as at 31 December 2022 and of its surplus for the financial year then ended., have been properly prepared in accordance with United Kingdom Generally ACpted Accounting Practice.. and have been prepared in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charily in accordance with ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that Ihe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going cOnM basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or colleclively. may cast significant doubt on the charity's ability to continue as a going cOnM for a period of at least twelve months from the date when Ihe financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. other Information The other information comprises the information included in the annual report other than the financial statements and our Auditovs Report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other informalion and, except lo the exient othemise explicitly staled in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the olher information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge oblained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a malerial rnisstatemenl in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misslatement of this other information, we are required to report that fact. We have nolhing to report in this regard. Opinion on other rnatter prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustees, Report has been prepared in accordance with applicable legal requirements.
INDEPENDENT AUDITOR'S REPORT to the Members of Shankill Parish Lurgan Matters on which we are required to report by exception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees, Report. We have nothing to report in respect of the following matters where the Charities Acl (Northern Ireland) 2008 requires us to report to you if, in our opinion.. adequate accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and relurns; or certain disclosures of trustees, remuneration specified by law are not made.. or the trustees were not entitled to prepare the financial ststements in accordance with the small companies regime and lake advantage of the small companies, exemption in preparing the Trustees, Annual Report. Responsibilities of trustees for the financial statements As explained more fully in the Statement of Trustees, Responsibilities sel out on page 7, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a Irue and fair view, and for such intemal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due lo fraud or error. In preparing the financial slatements, the trustees are responsible for assessing the charilvs ability to continue as a going concern. disclosing. as applicable. matters relaled to going concern and using the going concern basis of accounting unless management either inlends to liquidate the charity or to cease operations, or has no realistic alternalive but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditorfs Report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are inslanTrs of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: There is an inherent difficulty in detecting irregularities during audit. However the effectiveness of entity's controls, the nature and extent of audit procedures performed. gives us confidence in detecling irregularities. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at- www.frc.org.ukJauditorsresponsibililies. This description forms part of our Auditor's Repo ANY LTD artered Accountants and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland 20 April 2023
Shankill Parish Lurgan STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2022 Unrestricted Restricted Funds Funds 2022 2022 Total Unrestricted Restricted Funds Funds 2021 2021 Total 2022 2021 Notes Income Donalions and legacies Activities for generating funds Investments 403,682 10,507 324,722 728.404 10,507 391.345 15,350 145.232 536.577 15,350 20,933 20,933 13,243 9,732 22,975 Total incoming resources 435,122 324,722 759,844 419,938 154,964 574,902 Expenditure Raising funds Charilable activities 3.816 189,641 3,816 611,662 1.820 321,707 1,820 339.068 422,021 17,361 Total Expenditure 193,457 422,021 615,478 323,527 17,361 340,888 Net incomellexpenditure) Transfers beeen funds 241,665 (97,299) 144,366 96,411 9.103 137,603 (9.103) 234.014 Net movement in funds for the financial year 241,665 {97,299) 144,366 105,514 128,500 234,014 Reconciliation of funds Balances brought forward at 1 January 2022 18 6,684,501 150,497 6,834.998 6,578,987 21,997 6,600.984 Balances carried fonvard at 31 December 2022 6,926,166 53,198 6.979.364 6,684.501 150,497 6,834,998 The Stalemenl of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notss on pages 13 10 19 form part of the financial slalemenls 10
Shankill Parish Lurgan BALANCE SHEET as al 31 December 2022 2022 2021 Notes Fixed Assets Tangible assets 11 6,470,528 6,510.073 Current Assets Debtors Cash al bank and in hand 12 45,831 608.999 27,140 433,330 654,830 460,470 Credltors: Amounts falling due wlthln one year 13 (97,6161 177,3351 Net Current Assets 557,214 383,135 Total Assets less Current Liabilitles 7,027,742 6.893,208 Creditors Amounts falling due after more than one year 14 {48,3781 158,2101 Net Assets 6,979,364 6.834,998 Funds Reslricled funds Unreslricled designated funds General fund lunreslrictedl 53.198 329.183 6.596.983 1 $0.497 76.351 6.608,150 Total funds 6,979,364 6.834,998 The lolal unreslrlcled funds includes a revaluation reserve of £11.039,725112021 £11,039,725)) Approved by the Board of Trustees and authorised for issue on 20 April 2023 and signed ¢n Its behalf by Rev.'paark H Chalrperson Alison M Trustee rtin The notes on pages 13 10 19 form part ol the fjnancral statements 11
Shankill Parish Lurgan STATEMENT OF CASH FLOWS for the financial year ended 31 December 2022 2022 2021 Notes Cash flows from operating activities Net movement in fijnds Adjustments for.. Depreciation Interest re1vable and similar income Interest payable and similar expenses 142,669 232,336 46,407 121) 1,253 46,642 (26) 1,200 190,308 280,152 Movements in working capilal= Movement in deblors Movement in creditors (18,691) 20,281 12.967 {190,207) Cash generated from operations Interest paid 191.898 (1,2531 102,912 (1,200) Cash generated from operations 190.645 101,712 Cash flows from investing activities Interest received Payments to acquire tangible assets 1.718 {6,863) 1.704 (12.030) Net cash generaled from investment activities {5,145) {10,326) Cash flows from financing activities New short term loan Repayment of short term loan 1,660 (11,491) 1.202 {11,492) Net cash generated from financing activities (9,831) {10,290) Net decrease in cash and cash equivalents Cash and cash equivalents at 1 January 2022 175.669 433,330 81.096 352.234 Cash and cash equivalents at 31 December 2022 19 608,999 433,330 12
Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 GENERAL INFORMATION Shankill Parish Lurgan is a charity incorporated in Northern Ireland. The registered office of the charity is Church Walk, Lurgan, Co. Amagh. BT67 9AA, Northern Ireland. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistenlly in dealing with items which are considered material in relation to the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convenlion. modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" As pennitted by the Companies Act 2006. the charity has varied the standard formats in that act for the statement of Financial Activities and the Balance Sheet. Departures from the standard formals are to comply wilh the requirements of the Charities SORP and are in compliance with section 4.7, 10.6 and 15.2 of Ihat SORP. Statement of compliance The financial stalements of the charity for the financial year ended 31 December 2017 have been prepared on the going concem basis and in accordance with the Statement of Recommended Practice (SORP} "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Fund accounting The following are the categorises of funds maintained= Restricted funds Restricted funds are accounted for in accordance with the particular terms of trust arising from the express or implied wishes of the donois in so far as these are intended to be binding on the charity. Where such wishes are not intended to be binding, Ihey are taken into acccount and recognised in appiopriately designated funds Unrestricted funds Designated funds are unrestricted funds that represent amounts set aside at the discretion of the trustees for specific purposes Income Voluntary income or capital is included in the Statement of Financial Activities when the charity is legally entitled to it, its financial value can be quantified wilh reasonable certainty and there is reasonable certainty of its ultimate reipl. Entitlement to legacies is considered established when the charity has been notified of a distribution to be made by the executors. Income received in advance of due performance under a contract is accounted for as deferfed income until eamed. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Expenditure Expenditure is recognised once there is a legal or constructtve obligation to make a payment to a Ihird paty, it is probable thal settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a c05t against the activity for which the expenditure was incurred. 13
Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 Tangible fixed assets and depreciation Tangible fixed assets are slated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows.. Land and buildings freehold Plant and machinery Fixtures, ffttings and equipment Motor vehicles Heritage Assets 20/0 Straight line 20/0 straight line 204/0 Reducing balance 25 % Straight line 00 Debtors Debtors are recognised al the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the the charity from government agencies and other co-funders. but nol yel received at year end, is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months notice of withdrawal. Taxation No current or deferred taxation arises as the charity has been granted charilable exemption. Irrecoverable valued added lax is expensed as incurred. Shankill Parish Lurgan is recognised as a charity for the purposes of applicable laxalion legislation and is therefore not subject to taxation on il's charitable activities. Pensions The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Annual contributions payable to the charity's pension scheme are charged lo Ihe profit and loss account in the period to which they relate INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2022 2021 Gifts & donations {Special Collections) Gift Aid Tax Refund Other Income Donations & legacies 60,504 58,034 10.413 407,626 75,822 50,000 277,860 4,726 80,548 50.000 597,856 319,996 403,682 324,722 728.404 536.577 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2022 2021 Bible Reading Notes Hire of BuslHall HarvesVGift Day Supplementay List 452 1,319 11,460 2,119 994 9,513 994 9,513 10,507 10,507 15,350 14
Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 INVESTMENTS Unrestrictsd Restricted Funds Funds 2022 2021 Investments 20,933 20,933 22,975 EXPENDITURE RAISING FUNDS Direct Costs Other Costs Support Costs 2022 2021 Bus Costs 3,816 3,816 1,820 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2022 2021 Worship and parish activities Direct Costs Parish Buildings 78,183 282.681 175,115 19,676 56,007 97,859 338.688 175.115 92,498 230,951 15,621 535,979 75.683 611,662 339.068 SUPPORT COSTS Charitsble Activities 2022 2021 Support Costs 75,683 75,683 37.992 ANALYSIS OF SUPPORT COSTS 2022 2021 Support Costs 75.683 37.992 INCOME Plate Collections, Weekly Envelopes. Graveyard income and Columbarium income are accounted for on a cash receipts basis as the amount is collected. Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement lo the funds, any performance conditions attached to the income have been met, it is probable that the income will be reiVed and the amount can be measured reliably. Income from govemment and other grants. whether 'capital' grants or 'revenue' grants. is recognised when the charity has entitlement to the fijnds. any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and 15 not deferred. Legacies are included within Income under either unrestricted or restricted funds according lo the terms under which the donation 15 made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish. NET INCOME 2022 2021 Net Income is ststed after chargingl{creditingl: Depreciation of tangible assets Auditols remuneration.. audit selv1$ Grants receivable received 46,407 46,642 2,500 (1,510} 1,500 (10.413) 15
Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 INVESTMENT AND OTHER INCOME 2022 2021 Rent receivable - other income JRS & Covid Support Grants received Insurance claims receivable Bank interest Investment income 19,215 1,510 50.000 21 1,697 21.271 10.413 26 1,678 72,443 33,388 INTEREST PAYABLE AND SIMILAR CHARGES 2022 2021 On bank loans and overdrafts 1,253 1,200 10. EMPLOYEES AND REMUNERATION The staff costs comprise.. 2022 2021 Wages and salaries Pension costs 173.023 14,603 141,877 9,998 187,626 151.875 16
Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2022 12. DEBTORS 2022 2021 Prepayments and accrued income 45,831 27,140 13. CREDITORS Amounts falling due within one year 2022 2021 Bank loan Payments received on account Taxation and social security costs (Note 15) Other creditors Aexruals and deferred income-. Pension accrual Other accruals 11,492 33,200 3,738 18,842 11,492 31,700 2,854 19,407 421 29,923 11.882 97,616 77.335 Danske Bank currently hold 2 charges over the properties at Bowens Meadow and Bowens Mews. Lurgan by way of security for loans made for the purchase of these properties. 14. CREDITORS Amounts falling due after more than one year 2022 2021 Bank loan 48,378 58.210 Repayable in one year or less. or on demand (Note 13) Repayable beeen one and two years Repayable beeen Iwo and five years Repayable in five years or more 11.492 11,492 26,718 10,168 11.492 11,492 26,718 20,000 59.870 69,702 15. TAXATION AND SOCIAL SECURITY 2022 2021 Creditors: PAYE I NI 3,738 2,854 16. PENSION COSTS - DEFINED CONTRIBUTION Payments for pensions in the year are made to the Church of Ireland Clergy Pension Fund. The Church of Ireland Clergy Pensions Trustee Limited was established in 2010 and assumed trusteeship of this fund from 1 January 2011. The Representative Church Body, which was Trustee of the fund prror to 2011, is the sole shareholder of the Church of Ireland Clergy Pensions Trustee Limited. 17. RESERVES Revaluation reserve Funds Total At 1 January 2022 Surplus for the financial year 1.039,725 5.795.273 144.366 6,834,998 144,366 At 31 December 2022 1,039,725 5,939,639 6,979.364 18
Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 December 2022 18. FUNDS 18.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Totsl Funds At 1 January 2021 Movement during the financial year 6,578,987 105,514 21,997 128,500 6,600.984 234.014 At 31 December 2021 Movement during the financial year 6,684,501 241,665 150,497 (97,299) 6,834.998 144,366 Al 31 December 2022 6,926,166 53,198 6,979,364 18.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2022 Income Expenditure Transfers Balance between 31 December funds 2022 Restricted funds Building Fund Other Restricted Funds 27.002 123,495 310,910 13.812 299.583 122,438 38.329 14,869 150,497 324.722 422,021 53,198 Unrestricted funds Compassion Fund Building Hope Fund Unrestricted General 8,202 68,149 6.608,150 3,470 26,633 405,019 2.900 1.501 224,128 (225,629) 10,273 318.910 6,596,983 190,557 6,684.501 435.122 (193,457) 6,926,166 Total funds 6.834.998 759,844 615,478 6.979.364 19. CASH AND CASH EQUIVALENTS 2022 2021 Cash and bank balances Cash equivalents 587,371 21,628 390,975 42,355 608.999 433,330 20 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT Opening Cash balance flov Other changes Closing balance Long-term borrowings Short-term borrowings (58,210) (11,492) 9.832 (9,831) (48.3781 (11,4921 9,831 Total liabilities from financing activities (69,702) 9,831 (59.870) Total Cash at bank and in hand {Note 19) 608,999 Total net debt 549,129 19
SHANKILL PARISH LURGAN SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 NOT COVERED BY THE REPORT OF THE AUDITORS 20
Shankill Parish Lurgan SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2022 2022 2021 Income Free Will Offerings Collections Gifi Aid Tax Refunds Envelopes & Donations Church Sundries Vision 2020 Grant Funding Harvest Supplementary List Gift Day Other income Donation in Kind Building Project Income Income for Maintenance Bible Reading Notes Bus Income 263,508 7,150 49,189 254,681 5,174 58,034 60.504 917 100,000 4,049 13,812 9,158 11.460 2,119 355 5,435 41.419 1,643 306.873 30,670 452 1,319 994 687,401 541.514 Cost of generating funds Wages and salaries Staff pension scheme costs Diocesan Development Fund Rates Parish Church Parochial Building Rectory & Curtages 173,023 14.603 25,428 2,411 70,730 7.380 2,081 141,877 9.998 28.020 2,372 13,064 6.994 11,752 295,656 214,077 Gross surplus 391.745 327,437 Expenses Slaff training Church buildings running costs Insurance Building Project Expenditure Office Requisities- stationery, postage, etc. Telephone Minibus expenses & insurance Legal and professional Consultancy fees Auditorfsllndependent Examinerfs remuneration Bank charges Church Sundries Depreciation Charitable donations 876 2.099 1.497 12,662 13,679 170.623 5.527 2,320 3,816 2,082 4.600 2,500 1,328 23,441 46.407 41.370 3.599 2.212 1,820 1,000 1.500 764 17,040 46,642 34,776 318,569 125,611 Finance Bank interest paid 1,253 1,200 The supplementary information does not form part of the audited financial statements 21
Shankill Parish Lurgan SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Operating Statement for the financial year ended 31 December 2022 2022 2021 Mlscellaneous income Rent receivable - olher income JRS & Covid Support Grants received Insuran claims receivable Bank interest Income from unlisted investments 19,215 1,510 50,000 21 1,697 21,271 10,413 26 1,678 72,443 33,388 Net surplus 144,366 234,014 The supplementary information does not form part of the audited financial statements 22