2023-12-31-annual-return

Charity Number: NIC101023 Shankill Parish Lurgan Annual Report and Audited Financial Statements for the financial year ended 31 December 2023 Daly Park & Company Ltd Chartered Accountsnts and Statutory Auditors 4 Carnegle Street Lurgan Co. Armagh BT66 6AS Northem Ireland

Shankill Parish Lurgan CONTENTS Page Trustees, and Other Information Trustees, Report Statement of Trustees, Responsibilities Independent Auditorfs Report ststement of Financial Activities 10 Balance Sheet 11 Statement of Cash Flows 12 Notes to the Financial Statements 13-19

Shankill Parish Lurgan TRUSTEES. AND OTHER INFORMATION Trustees Ruth Craig Leanne Gray Richard Parker (Appointed 20 Aprtl 2023) lan Pollard (Appointed 20 April 2023) Wendy Gardiner Chris Stevenson Desmond Gregg Denis Johnston Cecil Beattie {Resigned 20 April 2023) Kyle Mcmullan Craig Collen Revd Rodney Blair Daphne Jones Andrew Davis Alison Martin Sandra Castles (Resigned 30 April 2023) Paul Kissod( Neal Myers Maureen McLoughlin Chairperson Rev. Mark HaNey Charity Number in Northern Ireland NIC101023 Principal Address Church Walk Lurgan Co. Armagh BT67 9AA Northern Ireland Auditors Daly Park & Company Ltd Chartered Accountants and Statutory Auditors 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Solicitors Watson & Neill 23 High Street Lurgan Co. Armagh BT668AH Northern Ireland

Shankill Parish Lurgan TRUSTEES. REPORT for the financial year ended 31 De￿mber 2023 The trustees present their Trustees, Report and the audited financial statements for the financial year ended 31 December 2023. The financial statements are prepared in accordance with FRS 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and Accounting 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 IFRS 102). The Trustees, Report contains the information required to be provided in the Trustees, Annual Report under the Slatement of Recommended Practice (SORP) guidelines. The trustees of the charity are also charity trustees for the purpose of charity law and under the charity's constitution are known as members of the board of trustees. In this report the truslees of Shankill Parish Lurgan present a summary of its purpose, governance, activities. achievements and finances for the financial financial year 31 December 2023. The charity is a registered charity and. a￿hOUgh not obliged to comply with the Statement of Recommended Practice (SORP) as issued by the Charity Commissioners for Northern Irelaind 2018, the organisation has implemented its recommendations where relevant in these financial statements. Structure, Governance and Management Structure The governing document of the charity is the Constitution of the Church of Ireland, chapter111 (Parishes and Parochial Organisation). The members of the Select Vestry serve as the Charity Trustees. The Select Vestry is responsible for the day-to-day management of the parish. The select vestry consists of the members of the clergy serving in the parish, the churchwardens, the glebe wardens and geneially not more than twelve other members of the general vestry elected at the General Vestry. The Select Vestry is chaired by the incumbenl or other member of the clergy officiating in the parish. Select Vestry members are responsible for making decisions on matters of general concern and importance to Ihe parish including deciding how parish funds are to be applied. The Select Vestry meets at times fixed by the members or by the Diocesan Synod. Special meetings may be convened at any lime by the chairperson or the churchwardens. PRINCIPAL OFFICE-BEARERS Clergy.. The Venerable Mark Harvey (Rector and Chair of the Trustees) Revd Rodney Blair {Curate-assislant) Honorary Secretary: Mr. Craig Collen Honorary Treasurer: Mrs. Alison Martin Rectorfs Churchwarden.. Mr. Cecil Beattie (resigned 2014123). Mr. lan Pollard {from 2014123). People's Churchwarden= Mrs. Sandra Castles {resigned 2014123). Mrs Wendy Gardiner (from 2014123). Rectorfs Glebewarden.. Mr. Chris Stevenson People's Glebewarden.. Mr Kyle Mcmullan Board Appointment Process All members of the Church of Ireland who are over Ihe age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months. may register as members of the General Vestry of the Parish, allowing them to attend and vote at meetings of the General Vestry and to stand for election to the Select Vestry. Meetings of the General vestry are held at least once a year. The Select Veslry is elected a5 part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be served. Pay and Remuneration Acting in their roles as rector and curate assistant of Shankill Parish Lurgan. Archdeacon Mark Harvey and Revd Rodney Blair both re￿[Ved a stipend. expenses of office and loGomolory allowance in accordance with figures approved by the General Synod of the Church of Ireland. No other charity trustees receive any remuneration from Shankill Parish Church. Review of Activities, Achievements and Perfonnance OBJECTIVES AND ACTIVITIES The charilable purpose of the Church of Ireland is the advancement 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, evangelistic. social and relational. Being open to and engaging with society as a whole and offering support for those needing help are fvndamental to the ractical delive of the benefits of Christianity. Additionally, and in

Shankill Parish Lurgan TRUSTEES, REPORT for the financial year ended 31 December 2023 accordance with its stated charilable 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 Vestry. ACHIEVEMENTS, PEFORMANCE AND PUBLIC BENEFIT Shankill Parish is a vibrant and welcoming church family of different ages and backgrounds seeking to 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 to seNe one other and those beyond our walls. sharing the transforming love of God and leaving a legacy of faith for the generations lo come. This statement embodies and undergirds the mission we undertake as a parish and recognises the strategic role we have in the 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 the whole of 2023. we have been worshipping in the Jethro Centre (the community facility owned by Shankill Parish Caring Association). This is due to the ongoing remedial works which necessitated the closure of the church from the start of February 2022. Worshipping in Ihe sports hall al Jethro is very different to an historic church building, but the congregations have grown during this period, particularly at our 1 Oam service which is targeted specifically at a younger demographic. We are consistently seeing over 300 people gather 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 with 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 parentslcarers and children retum on a Monday morning each week. Our Sunday school and associated children's programmes have all seen encouraging growth. Our Children's Minislry Coordinalor left at the end of August, and we recruited her suc￿Ss0r in September. In October. the parish acquired the old Busmen's Mission Hall, adjacent to the Jelhro Centre as a dedicated Spa￿ for youth and children's programmes. This has been largely funded by external funders. PASTORAL CARE During the year. our Pastoral Support Coordinator has reviewed and developed this vital work amongst the older members of the parish. and recruited additional volunteers for our visitalion team. PARISH GROUPS Our various mid-week programmes continue. and these are designed to build up members in their faith and provide opportunities for building a greater sense of community. These include Connect Groups (150 participants), Ladies, Guild (30), Motherfs Union {20), choir {251. and our weekly prayer group (20-30)- OUTREACH AND EVANGELISM Our Community Evangelist's role has significantly increased our presence in the community and enabled us to develop several programmes such as The Living Room, a weekly drop-in run in partnership with SPCA. and Story, a monthly infomial gathering in Café IncredAble (in the Jethro Centre) where a member of our church family is inte￿IeWed about their life and faith. This year has also seen the establishment of a weekly men's drop-in. which provides a social space for men who are recently retired or unemployed. This role also enables us to expand our compassion ministry through more personal [a￿-tO-faCe contact and support. Financial Review At the end of 2023 there is a deficit of £1,981 in unrestricted funds (2022 unrestricted surplus - £241,655). Shankill Parish Church is bound by the Church of Ireland 'Duty of Pruden￿, for church trustees lo ensure that the parish is and remains solvent and by annual accounting principles to remain a going concern. Our airn has been to keep sufficient free resetves lo provide. as per good practice guidelines for charities, cover for be￿een &6 months in relation to known liabilities. The current year deficit equates to £260,056 (2022 surplus £144,366) Given the current financial climate and the significant need for funds to restore and repurpose the church building, the Board is very thankful for the generosity of parishioners who continued to support the vision and mission of Shankill Parish through their finances and a150 their prayers. This generosity has allowed for a healthy surplus in the current financial year which places Shankill Parish in a strong position to continue to setve the Parish and community of Lurgan. Results and Dlvidends At the end of the financial year the charity has assets of £6.880,844 {2022 £7,125.358) and liabilities of £161,536 (2022 - £145,994). The net assels of the charity have decreased by £(260,056).

Shankill Parish Lurgan TRUSTEES, REPORT for the financial year ended 31 December 2023 The charity is committed to enabling as many people as possible lo worship at our church and to become part of our Christian Community. Our Services and worship put faith into practice through prayer and scripture. In particular, we try to enable ordinary people to live out theirfaith as part of our communty. In accordance with the Articles of Association, the trustees retire by rotation and, being eligible, offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The charity engages pro-actively with legislation. standards and codes which are developed for the sector. Shankill Parish Lurgan subscribes to and is compliant with the following.. The Charities SORP {FRS 102) Public Benefit The Parish has given careful consideration to the Charity Commission for Northem Ireland's guidan￿ on publi benefit to ensure thal the actives entered into during the year have helped to achieve the Parish's objectives and activities, as well as providing public benefit. Approved by the Board of Trustees on 17th April 2024 and signed on its behalf by: Rev. Mark Harvey Chairperson Alison Martin Trustee

Shankill Parish Lurgan STATEMENT OF TRUSTEES' RESPONSIBILITIES

for the financial year ended 31 December 2023

The trustees are responsible for preparing the financial statements in accordance with applicable law and regulations.

The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the assets, liabilities and financial position of the charity as at the financial year end date and of the surplus or deficit of the charity and otherwise comply with the Charities Act (Northern Ireland) 2008.

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 judgements and accounting estimates that are reasonable and prudent;

• state whether the financial statements have been prepared in accordance with applicable accounting standards, identify those standards, and note the effect and the reasons for any material departure from those standards; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees confirm that they have complied with the above requirements in preparing the financial statements.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

17th April 2024 Approved by the Board of Trustees on ___ and signed on its behalf by:

Rev. Mark Harvey Chairperson

Alison Martin Trustee

7

INDEPENDENT AUDITOR'S REPORT to the Members of Shankill Parish Lurgan Report on the audlt of the flnancial statements Opinion We have audited the Gharity financial statemenls of Shankill Parish Lurgan ('the charity'l for the financial year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statèment of Cash Flows and notes to the financial statements, including the summary of significant accounting policies sel 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 Practice applicable to Charities preparing their accounts in accordance with FRS 102. In our opinion, when reporting in accordance with a fair presentation framework the financial slatements.. give a true and fair view of the stale of the charity's affairs as at 31 December 2023 and of its deficit for the financial year then ended- have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities Act {Northem Ireland) 2008. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Audttorfs responsibilities for the audit of the financial slatements section of our report. We are independent of the charity in accordance with ethical requirernents that are relevant to 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 the audit evidence we have obtsined 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 Ihe going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have nol identified any material uncertainties relating lo ev8nts or conditions that. individually or collectively, May cast significant doubt on the charity's ability to continue as a going concem for a period of at least ￿e1ve months from the date when the financial statements are authoris8d for issue. Our responsibilitses and the responsibllltles of the trustees with respect to going concem are described In the relevanl sections of this report. Other Inforniation The other infomalion comprises the infomalion included in the annual rewrt other than the financial slatemenls and our Auditorfs Report thereon. The trustees are responsible for the other infomation contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otheThvise expliatly stated in our report. we do not express any fomi of assuran￿ conclusion thereon. Our responsibility is to read the other infomiation and, in doing so. consider whether the other infonnation is materially inconsistent wtth the financial stalements or our knowledge obtained in the course of the audit, or otheTrvise appears to be Materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we ￿nclUde that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to r8POrt in this regard. Opinion on other matter prescribed by the Companles 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 th8 Trustees, Report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by oxception In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identrfied material misstatements in the Trustees, Report. We have nothing to report in respect of the followlng matters where the Charities Act (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 returns: or certain disdosures of trustees. remuneralion specified by law are not made; or the trustees were not entttled to prepare the finanoal slatemenls in accordance with the small companies wime and take advantage of the small companies. exemption in Preparing the Trustees, Annual Report.

INDEPENDENT AUDITOR'S REPORT to the Members of Shankill Parish Lurgan Responslbllltles of trustsos for tho flnanclal statements As explairsed more fully In the Statement of Trustees. Responsibilities sel out on page 7, the trustees are re5pon5ible for the preparation of the financial stslemenls and for being satisfied that thgy give a true and fair view. and for Such intemal control as they d8termln8 Is necessary to enable the preparation of financlal slalements that are free from material misstatement, wh81her due to fraud or error. In prep8rlng the financlal stslemenls. the Iruslees are responsible for assesslng the charity's ablllty to contlnue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concem basis of accounting unloss management eithor intends to liquidate the charity or to cease operations, or has no realistic altemative but lo do so. Auditor's respon3lbllltl88 for th• audlt of the flnancial statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misslalement. whether due lo fiaud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conductsd in accordance with ISA5 (UK) will always detect a Mate￿al mlsstalemenl when it e￿st5. Misstatements can arise from fraud or ¢rror and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the e¢(￿OmE¢ decisions of users taken on th8 basis of these financial statements. Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures in rine wth our responsibilities, ouuined above. to deled material misstatements in respect of irregularflles. induding fraud. The extent lo which our procedures are capable of deleeting irregularities. indudin9 fraud is detailed below.. There is an inherent difficulty In dele¢tlng Irregularities during audit. However the effectNeness of entitys ¢ontrols. the nature and extent of audit procedures p8rfom8d, gives u5 confidence in detecting irregularities. A fvrther description of our re5ponsibililies for the audit of the financial ststemenls is located on the Financial Reporting Councll'5 websita al.. ww.fr¢.org.uklaudltorsrespon5ibilities. This deseripllon foms part of our Audllorfs Report. RUAIRI MAGIN DALY PARK & Chartered Acco 4 Camegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland ENIOR STATUTORY AUDITORI PANY LTD ants and Statutory Auditors

Shankill Parish Lurgan STATEMENT OF FINANCIAL ACTIVITIES for the financial year ended 31 December 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Restricted Funds Funds Funds 2023 2022 2022 Total Funds 2022 Notes Income Donations and legacies Activities for generating funds Investments 381,320 53,323 538,879 920,199 53,323 403,682 10,507 324,722 728,404 10,507 18,522 18,522 20,933 20,933 Total Incomlng resources 453,165 538,879 992,044 435,122 324,722 759.844 Expenditure Raising funds Charitable activities 3,948 451,198 3.948 796,954 1,248,152 3,816 189,641 3.816 611,662 422,021 Total Expenditure 455,146 796,954 1,252,100 193,457 422.021 615,478 Net incomel(expenditure) (1,981) {258,075) (260,056) 241,665 (97,2991 144,366 Transfers be￿een funds Net movement in funds for the financial year {1,9811 (258.075) (260.056) 241,665 {97,299) 144,366 Reconciliation of funds: Total funds beginning of the year 19 6,926.166 53,198 6,979,364 6,684,501 150,497 6.834.998 Totsl funds at the end of the year 6,924,185 (204,877) 6,719,308 6,926,166 53,198 6,979,364 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing activities. The notes on pages 13 10 19 form part of the financial statements 10

Shankill Parish Lurgan BALANCE SHEET as at 31 December 2023 2023 2022 Notes Fixed Assets Tangible assels 11 6,223,516 6.470,528 Current Assets Debtors Cash at bank and in hand 12 13 285,111 372.217 45,831 608,999 657.328 654.830 Credltors: Amounts falllng due wlthln one yoar 14 1131,536) (97.616) Net Currnnt Assets 525,792 557,214 Total Assets less Current Llabllltles 6.749,308 7,027,742 Creditors Amounts falling due after more than one year 15 (30,000) {48,378) Total Net Assets 6,719.308 6,979,364 Funds Restricted funds Designated funds (Unrestricted) General fund (unrestricted) (204,8771 359,248 6,564,937 53,198 329,183 8,596,983 Total funds 19 6,719,308 6,979,364 The total unrestricted funds includes a revaluation reserve of £012022 - £{1.039,725}) Approved by the Board of Trustees and author18ed for Issuo on behalf by 17th April 2024 and Signed on Its Rev. Mark Harvey Chalrperson Alison Martin Trustee The notes on pages 13 to 19 fomi part of the finanL?al statements 11

Shankill Parish Lurgan STATEMENT OF CASH FLOWS for the financial year ended 31 December 2023 2023 2022 Notes Cash flows from operating activities Nel movement in funds Adjustments for.. Depreciation Interest receivable and similar income Interest payable and similar expenses Gains and losses on disposal of fixed assets (261,789) 142,669 39,948 {1041 1,235 18,909 46,407 {21) 1.253 {201,801) 190,308 Movements in working capital.. Movement in debtors Movement in creditors (239.2801 40,412 (18.691) 20,281 Cash (used in)Igeneraled from operations Interest paid (400,669) {1,235) 191,898 (1.253) Net cash (used in)Igenerated from operating activities {401,904) 190,645 Cash flows from investing activities Interest received Payments to acquire tangible assets Receipts from sales of intangible assets Re￿iptS from disposal of tangible assets 1.837 {9,652) (18,909) 216,719 1.718 (6,863) Net cash generated froml{used in) investment activities 189,995 (5,145) Cash flows from financing activities New short term loan Repayment of short tenn loan 1,235 (26,105) 1.660 {11,491) Net cash used in financing activities (24.870) {9.8311 Net Idecrease)lincrease in cash and cash equivalents Cash and cash equivalents at the beginning of the year (236,7791 608.999 175,669 433.330 Cash and cash equivalents at the end of the year 13 372.220 608.999 12

Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS forthe financial year ended 31 December2023 GENERAL INFORMATION Shankill Parish Lurgan is a charity incorporated in Northern Ireland. The registered office of the charity is Church Walk, Lurgan, Co. Armagh, BT67 9AA, Northem Ireland. The financial statements have been presented in Pound {£) which is also the functional Cu￿encY of the charity. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered material in relation lo the charity's financial statements. Basis of preparation The financial statements have been prepared on the going concem basis under the historical cost convention, modified to include certain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland FRS 102" As pemitted by the Companies Act 2006, the charity has varied the standard formats in that acl for the Statement of Financial Activities and the Balance Sheet. Departures from the standard fomiats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the charity for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice {SORP) ' Accounling 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 Restiicted funds are accounted for in accordance with the particular terms of trust arising from the express or implied wishes of the donors in so far as Ihese are intended to be binding on the charity- Vlhere such wishes are not intended to be binding, they are taken into acccount and recognised in appropriately designated fvnds 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 Ihe Statement of Financial Aclivilies when the charity is legally entilled to it. its financial value rAn be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. 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 deferred income until earned. 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. Expendlture Expenditure is recognised On￿ there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which Ihe expenditure was incurred. Tangible fixed assets and depreciation Tangible fixed assets are stated 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, fittings and equipment Motor vehicles Heritage Assets 20/0 Straight line 2 % straight line 20 % Reducing balance 25 % Straighl line 13

continued Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS for the finanoal year ended 31 December 2023 Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid nel of any trade discounls due. Income recognised by the the charity from govemment agencies and other co-funders, but not yet 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 taxatlon arises as the charity has been granted charitable exemptlon. 1rre￿Verab1e valued added tax is expensed as incurred. Shankill Parish Lurgan is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on ivs charitable activities. Penslons The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the ¢harity. Annual ￿ntrIbutIOnS payable to the charivs pension scheme are charged lo the profit and loss account in the period to vthich they relate INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 Gifts and donalions (FWO) Gift Aid Tax Refund Other Income Donations & legacies 10,419 82,038 10,419 86,632 4,594 80,548 50,000 597,856 288,863 534,285 823,148 381,320 538,879 920,199 728,404 OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds 2023 2022 Hire of BuslHall HarvestlGift Day 1,280 52,043 1,280 52,043 994 9.513 53,323 53,323 10,507 INVESTMENTS Unrestricted Restricted Funds Funds 2023 2022 Investments 18,522 18,522 20,933 EXPENDITURE RAISING FUNDS Dlrect Costs Other Costs Support Costs 2023 2022 Bus Costs 3,948 3,948 3,818 14

continued Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 CHARITABLE ACTIVITIES Direct Costs Other Costs Support Costs 2023 2022 Worship and parish activities Direct Costs Parish Buildings 90,607 273.691 798,727 20,144 64,983 110,751 338,674 798,727 97,859 338.688 175,115 1,163,025 85,127 1,248,152 611,662 SUPPORT COSTS Charitable Activities 2023 2022 Support Costs 85,127 85,127 75,683 ANALYSIS OF SUPPORT COSTS 2023 2022 Support Costs 85,127 75,683 INCOME Plate Colledions, Weekly Envelopes, Graveyard incorne 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 to the funds. any Performan￿ conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or'revenue, grants, is recognised when the charity has entitlement to the funds. any perf0mlan￿ conditions attached to the grants have been met. it is probable that the income will be re￿iVed and the amount can be measured reliably and is not deferred. Legacies are included within Income under either unrestricted or restricted funds according to the temis under which the donation is 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 2023 2022 Net Income is stated after chargingllcrediting): Depreciation of tangible assets Audito¢s remuneration- audit seNices Grants receivable received 39,948 46,407 3,000 2.500 (1,510) INVESTMENT AND OTHER INCOME 2023 2022 Rent receivable other income JRS & Covid Support Grants received Insurance claims receivable Bank interest Inveslment income 16,685 19,215 1,510 50.000 21 1,697 104 1,733 18.522 72,443 INTEREST PAYABLE AND SIMILAR CHARGES 2023 2022 On bank loans and overdrafts 1,235 1.253 15

continued Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 10. EMPLOYEES AND REMUNERATION The staff costs comprise.. 2023 2022 Wages and salaries Pension costs 211,701 15,313 173,023 14,603 227.014 187,626 16

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Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 12. DEBTORS 2023 2022 Prepaymenls and accrued income 285,111 45,831 13. CASH AND CASH EQUIVALENTS 2023 2022 Cash and bank balances Cash equivalents 341,811 30,406 587.371 21.628 372,217 608.999 14. CREDITORS Amounts falling due wlthln one year 2023 2022 Bank loan Payments recerved on account Trade creditors Taxation and social security costs (Note 16) Other creditors Accruals and deferred income". Pension accrual Olher accruals 5,000 32,700 44,429 4,151 17,708 11.492 33.200 3,738 18,842 535 27,013 421 29,923 131,536 97,616 Danske Bank currently hold 2 charges over the properties al Bowens Meadow and Bowens Mews, Lurgan by way of security for loans made for the purchase of these properties. 15. CREDITORS Amounts falling due after more than one year 2023 2022 Bank loan 30.000 48.378 Repayable in one year or ￿$$, or on demand (Note 14) Repayable belJ¥een one and years Repayable between Iwo and fve years Repayable in five years or more 5.000 5,000 15.000 10.000 11,492 11,492 26.718 10,168 35.000 59,870 16. TAXATION AND SOCIAL SECURITY 2023 2022 Creditors: PAYE I NI 4,151 3,738 17. PENSION COSTS - DEFINED CONTRIBUTION Payments for pensions in the year are rnade 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 prior to 2011. is the sole shareholder of the Church of Ireland Clergy Pensions Trustee Limited.

continued Shankill Parish Lurgan NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 18. RESERVES 2023 2022 At the beginning of the year (Deficit)ISurplus for the financial year 6,979,364 {260,0561 5,795,273 144,366 At Ihe end of the year 6.719.308 5.939,639 19. FUNDS 19.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Re8trlcted Funds Fund* Total Funds At 1 January 2022 Movement during the finanoal year 6.684.501 241.665 150.497 (97.299) 6,834,998 144,366 At 31 December 2022 Movement during the financial year 6.926,166 53,198 (1,981) (258,075) 6,979,364 (260,056) At 31 December 2023 6,924,185 {204,877) 6,719,308 19.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 January 2023 Income Expenditure Transfer$ Balance between 31 December funds 2023 Restricted funds Building Fund Other Restricted Funds 38,329 14,869 502.884 35,995 796,954 {255,741) 50,864 53.198 538,879 796.954 (204,87n Unrestricted funds Compassion Fund Building Hope Fund Unrestricted General 10.273 318.910 6,596,983 6,132 4.141 355,107 6,564,937 36.197 416,968 449,014 6,926,166 453.165 (455,146) 6,924,185 Total funds 6,979,364 992.044 1.252,100 6,719,308 20 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET DEBT Opening balance Cash flows Other changes Closlng balance Long-temi borrowings Short-term borrowings (48,378) (11,492) 18,378 (18,378) <30,000) {5,000) 24,870 Total liabilities from flnancing actlvltle8 (59,870) 24,870 (35,000) Total Cash at bank and in hand (Note 13) 372.217 Totsl net debt 337.217 19