Lisburn Cathedral Trustee5' Annual Report and Flnancial Statements for the year ended 31 December 2024 Registered with the Charity Commission for Northern Ireland NIC 101233
Lisburn Cathedral TRUSTEES, ANNUAL REPORT The trustees present their report with the financial statements of the charity forthe year ended 31 December 2024. The trustees have adopted the provision5 of Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective l January 20191. OBJECTIVES AND AcfiviTIES Objectives and aims The principal function of this Parish is to support the advancement of the Christian religion by promoting, through the work of the Parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to, and engaging with, society as a whole, and offering support forthose needing help are fundamental to the practical delivery of the benefits of Christianity. All functions of the Parish relate to the expression of the Christian religion through engagement with the general public, in particular the disadvantaged, the sick, the elderly and the young and is a public benefit. The direct benefit of participation in Church life includes the enjoyment of regular worship, giving and receiving of pastoral ministry, improved understanding of the values relating to civic engagement, community cohesion and providing a bridge between diverse groups. In addition to the principal function, the Parish has custody of property and of records, materials and artefacts of Significance to the cultural and religious heritage, the maintenance of which is undertaken by the Select Vestry of this parish, Management All members of the Church of Ireland who are over the 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 and who give financially to the parish in an identifiable way. may register as members of the General Vestry of the parish, allowing them to stand for elected office and vote at annual meetings of the General Vestry. Meetings of the General Vestry are held at least once a year. Fourteen members of the Select Vestry are elected as part of this General Vestry meeting. The Select Vestry members will hold their position5 for a period of one year. Select Vestry member5 may be re-elected annually and there 15 no limit on the number of terms which may be served. The Select Vestry meets monthly with the exception of July. August and December. The elected Select Vestry members form the Charity Trustees, along with the current clergy, who are automatically members and two people appointed to specialist roles by the rector under the rules set out by the Church of Ireland constitution. No trustee receives any remuneration, reward or private benefit for carrying out their trustee responsibility. Public benefit Lisburn Cathedr31 seeks to engage with all of our local communitythrough the ministries outlined below: Regular Activities Sunday Worship.. On Sunday rnornings there are normally 2 services {9.30am traditional & 11.00am contemporary). Evening Services are held at key points in the year at Easter, Harvest, Christma5 and for specific areas of ministry. Page 2
L15burn Cathedral TRUSTEES, ANNUAL REPORT (continued) OBJEcfivES AND ACTIVITIES (continued) Children and Youth work.. Parents and Toddlers, Sunday School {P4 to P71 and Sunday Night Youth {Y8+1 running regular formal and informal gatherings and additlonal irregular events. Scouts (all sections from Beavers to Explorers) also have regular use of Cathedral facilities for weekly meetings. Prayer: Parish prayer time, prayer ministry, parish prayer chain, prayer appointments. Monthly Prayer and Praise event on Sunday evenings. Lisburn Community Choir & Lisburn Community Children's Choir. The community choir la separate charity in its own right) meets on a regular basis on a Monday to rehearse in the Cathedral building. Lisburn Community Orchestra: We support the community orchestra through use of our church hall building as their venue to meet and practlse weekly. Mission: South Lisburn Community Church- We have a committed team who work within the Hillhall and the South Lisburn wider community and they continue to expand their efforts through offering fellowship, support, worship and teaching across a range of pastoral and social issues. This work has continued to expand in 2024 with establishment of a regular Sunday worship service and a community hub- Chit Chat Café- for informal social activities and the continued development of a community spirit. The team, now lead by a full time Pioneer Minister appointed in September, have also been working Wlth children and young people through a mentoring scheme in partnership with Transforming Lives for Good ITLG) facilitated through and in conjunction with the local primary school. Pastoral care.. our clergy, along with our team of pastoral visitors, meet people in their homes, and particularly seek to stand alongside those with particular needs, the housebound and the bereaved. Discipleship and Fellowship.. A number of groups meet regularly providing a range of activities for fellowship, community and friendship including Housegroups, Ladies Bible study, GEM (God Enriched Moments) Women's group, Mother's Union, Alpha, Nimble Fingers, Men's Fellowship, Cameo club for our senior citizens. Coffee Room/Honesty Café- We have a coffee room which enables anyone to come and sit in a beautiful, historic building in warm comfortable surroundings, run by volunteers. The Coffee Room currently operates once a week on Friday mornings. Christians Against Poverty (CAP} Debt counselling: Lisburn Cathedral has partnered with CAP and other local churches to offer debt counselling in our area. The service we offer is free. Foodbank: The foodbank is an ongoing project to Support people from the Lisburn area whose live5 have been affected by the cUrnt economic recession which we actively support. The Charity Trustees feel that the activities entered into during the year have achieved the Parish's objectives, a5 well as providing public benefit as referred to in the Charity Commission for Northern Ireland guidelines. Page 3
Li5burn Cathedral TRUSTEES, ANNUAL REPORT (continued) FINANCIAL REVIEW Financial position Financial reports are reviewed on an ongoing basis by the Select Vestry (Trustees) and are also reviewed on completion of the Annual Accounts. The Select Vestry presents the accounts at the annual meeting of the General Vestry priorto the elections. Points to note during 2024 for our Parish.. In 2024 we saw our staff change with reductions in our paid youth staff and the move of our part time minister in South Lisburn to a full time position. Building maintenance continues to be a notable ongoing cost, as is expected with an estate containing buildings dating from the 1600s, 1800s and 1900s. - The planned fundraising to support remedial work on the hall is an ongoing project and a5 part of this we have received and spent grant funding from Lisburn & Castlereagh City Council to replace the windows in the hall. Additional funds have also been donated, however further substantial funds are needed before new work can be started. Our rental property, previously Gardner & Allen Opticians, has remained available for rent throughout the year. Like many properties in Lisburn there has been no demand for this unit. This ha5 resulted in some additional costs in rates and maintenance, compounding the loss of rental income. Further options for the use of this space are currently being reviewed by the Select Vestry. During the year ended 31 December 2024, Total Expenditure was £399,526 and Gross Income was £451,852. Sources of Income and Expenditure incurred during the year are refletted in the Statement of Financial Attivities. - A reserve, equivalent to around 2 months, regular spendingi has been maintained in 2024. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 101233 Name as shown on the Charity Commission website Lisburn/Lisburn Cathedral(Blarisl/ Cathedral of Christ Church, Lisburn/Connor/Church of Ireland Page 4
Lisburn Cathedral TRUSTEES. ANNUAL REPORT {continued) REFERENCE AND ADMINISTRATIVE DEfAILS (continued) Principal address Cathedral Office 24A Castle Street Lisburn Co. Antrim BT27 4XD Trustees Very Rev. Sam Wright Rev. Peter Meenagh Rev. Lee Boal Miss Grace Broddle Mr David Davidson MrTam Dikibo Mr Rodney Dowling MrTimothy Flanigan Mrs Heather Gibson (until 1410412024) Mr Kenneth Gibson Mrs Julie Harper (appointed 14104120241 Mrs Hayley Howe Mrs Joanne Irwin Mrs Pam Irwin (appointed 14/04120241 Mrs Jill Lester (appointed 14104120241 Mr Martin Lester Mr Michael Mccune (until 14104/20241 Mrs Rachel Mcllwrath (until 14/04120241 Mr Steve Martin (until 14/04120241 Mrwilliam Moore Mr Richard Norris Mr Simon Sellars Mr Richard Thompson Independent Examlner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP Bankers Danske Bank 62-66 Bow Street Lisburn Co. Antrim BT28 IYS Page 5
Lisburn Cathedral TRUSTEES. ANNUAL REPORT (continued) REFERENCE AND ADMINISTRATIVE DETAILS (continued) Office Bearers Dean - Very Rev. Sam Wright OLM (Ordained Local Minister)/Church Plant Leader- Rev. Pete Meenagh Curate- Rev. Lee Boal Honorary Secretary- Mrs Jill Lester (appointed 14/04/2024) Honorary Trea5urer- Mr Richard Thompson {reappointed 14/04/2024} Peoples, Church Warden- Mr David Davidson (appointed 28/03/20231 Rector's Church Warden - Miss Grace Broddle (until 14104/20241 Rector's Church Warden- Mrs Julie Harper {appointed 14/04120241 Rector's Glebe Warden - Mrs Heather Gibson (until 14/04/2024) Rector's Glebe Warden - MrTam Dikibo {appointed 14104120241 Peoples, Glebe Warden- Mr Richard Norris (appointed 28/03/2023) Approved by order of the board of trustees on 19 March 2025 and signed on its behalf by: LQL1194 Rev Lee Boal Page 6
Llsburn Cathedral INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LISBURN CATHEDRAL I report to the charity trustees on my examination of the accounts of Lisburn Cathedral (the Trust) for the year ended 31 December 2024. Respective responsibilities of charlty trustees and examiner As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the account5 under Sertion 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}Ibl of the Charities Act),. and - state whether particular matters have come to my attention. Basis of the Independent examlner's report I have examined your charity accounts as required under Section 65 of the Charitie5 Act and my examination was carried out in accordance with the general directions given by the Charities Commission for Northern Ireland under section 65{91{bl 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.. l. That accounting records were not kept in accordance with section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. 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 matters11) to {41 listed above and. in connection with following the Directions of the Charities 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 ITP 19 March 2025 Page 7
Lisburn Cathedral STATEMENT OF FINANCIAL AcfiviTIES for the year ended 31 December 2024 Note Unrestricted Restrlrted Funds Funds 2024 2023 Income Donations and Legacies Investment Income Other Income 262,077 17,282 4,194 283,553 168,299 430,376 17,282 4.194 451,852 318,404 17,507 15,663 351,574 168,299 Expenditure Charitable Activities Support Costs 255,732 24,176 279,908 118,645 973 119,618 374,377 25,149 399,526 312.400 29,594 341,994 Net Income/lExpenditurel 3,645 48,681 52,326 9,580 Funds brought forward 240,141 248,966 489,107 479,527 Funds carried forward 12 243.786 297.647 541,433 489.107 Page 8
Lisburn Cathedral BALANCE SHEET for the year ended 31 December 2024 Note Unrestricted Restricted Funds Funds 2024 2023 Fixed assets: Tangible assets 170,067 170,067 174,188 Current assets Debtors Cash at bank and in hand io 15,990 65.419 3,394 295,468 19,384 360.887 14,497 311,403 Total current assets 81,409 298.862 380,271 325,900 Creditors Amounts falling due within one year li 17,6901 {1,215) 18,9051 {10,981} Net current assets 73,719 297,647 371,366 314,919 Total assets less turrent Ilabilities 243,786 297,647 541,433 489,107 Total net assets 243,786 297,647 541,433 489,107 Funds of the charlty Unrestricted funds Restricted income funds 12 12 243,786 297.647 240.141 248,966 Total charity funds 541.433 489,107 The financial statements were approved by the Board of Trustees and authorised for issue on 19 March 2025 and were signed on its behalf bv., Rev Lee Boal Mr Rich rd Thompson Page 9
Usburn Cathedral NOTES TO THE ACCOUNTS 31 December 2024 I. ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 '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 1021 leffettive l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared underthe 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 costs 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. TANGIBLE FIXED ASSETS Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Fixtures and fittings Equipment - 2% on cost IOYO on cost 15% on cost TAXATION The charity is exempt from 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 purposes within the objects of the charity. Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes. PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS The charity operates a defined contribution pension sceme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 10
Li5burn Cathedral NOTES TO THE ACCOUNTS (continued) 31 December 2024 2. DONATIONS AND LEGACIES Unrestrlcted Restrirted Funds Funds 2024 2023 Special collections and events Freewill offerings Gift aid Donations Grants Organisations 2,985 200,571 43,970 6,710 6,602 1,239 100,120 4,704 11,850 34,312 10,847 6,465 103,105 205,275 55,820 41,022 17,449 7,704 17,684 196,836 39,560 30,439 27,174 6,711 262,077 168,299 430,376 318,404 3. INVESTMENT INCOME Unrestricted Funds Restricted Funds 2024 2023 Deposit account interest Rents received 7,185 10,097 7,185 10,097 2,940 14,567 17,282 17,282 17,507 4. OTHER INCOME Unrestricted Restrlcted Funds Funds 2024 2023 Sundry income Other appeals 1,913 2,281 1,913 2,281 4,235 11,428 4,194 4,194 15,663 Page 11
Li5burn Cathedral NOTES TO THE ACCOUNTS (continued) 31 December 2024 5. CHARITABLE ACTIVITIES Unrestricted Restricted Funds Funds 2024 2023 Trustee5' salaries Trustees, social security Trustees, pensions paid Trustees, expenses Other salaries Other social security Other clergy pensions Utility costs Insurance Office ¢05ts Sundries Parochial ministry costs Repairs and maintenance Missionary and other donations Diocesan expenses Organisations 400 year centenary expense5 73,448 5,749 17,924 15,000 17,607 19,702 912 93,149 6,661 17,924 15,000 27,608 68 70,378 2,588 14,326 11,265 33,906 31 1,836 22,337 7,463 2,926 3,258 7,880 40,349 34,191 25,208 25,733 8,725 10,000 62 23.755 7,804 2,963 2,463 8,245 23,539 23,658 25,813 7,759 23,755 7,804 2,963 2,758 8,245 68,679 43,061 25.813 30,889 295 45,140 19,404 23,130 255.732 118,645 374,377 312,400 6. SUPPORT COSTS Unrestrirted Funds Restricted Funds 2024 2023 Bank charge5 Church cleaning Legal expenses IT costs Conservation work Property depreciation Fixtures & fittings depreciation Office equipment depreciation Loss on disposal Accountancy 735 10,148 1,701 1,218 38 773 10,148 2,636 1,218 725 9,608 2,358 947 4,550 4,000 1,000 3,069 929 2,408 935 4,000 1,000 2,894 4,000 1,000 2,894 2,480 2,480 24,176 973 25,149 29,594 Page 12
Lisburn Cathedral NOTES TO THE ACCOUNTS (continued) 31 December 2024 7. TRUSTEES, REMUNERATION AND BENEFITS 2024 2023 Trustees, salaries Truste55' social security Trustees, pensions paid 93,149 6,661 17,924 70,378 2,588 14,326 117,734 87,292 Trustees, expenses During the year. trustees, reimbursements for expenses incurred and for non-trustee work carried out totalled £2,403 {2023 £8,150). Trustees, office and locomotory expenses totalled £15,000 (2023 £10,093). . STAFF COSTS The average monthly number of employees during the year was as follows.. 2024 2023 Pastoral Admin - support There were no employees in receipt of employee benefits in excess of £60,000. 9. FIXED ASSETS Freehold property Equipment Fixtures & fittings Total Cost At l January 2024 Additions At 31 December 2024 200,000 33.597 3,773 37,370 10,000 243,597 3,773 247.370 200,000 10,000 Depreciation At l January 2024 Charge for year At 31 December 2024 36,000 4.000 40,000 24,409 2.894 27,303 9,000 1,000 10,000 69,409 7,894 77,303 Net Book Value At 31 December 2023 164,000 9,188 1,000 174 188 At 31 December 2024 160 000 170,067 Page 13
Lisburn Cathedral NOTES TO THE ACCOUNTS (continued) 31 December 2024 10. DEBTORS Accrued Income Prepayments 10,026 9,358 5,578 8,919 19,384 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Taxation and social security Accruals 2,524 6,381 1,607 9,374 12. FUND BALANCES Fund Balance at start Receipts Payment Surplus/ (Deficit) Balance at end Transfer Unrestricted Funds General fund 240,141 283,553 279,908 3,645 243,786 240,141 283,553 279,908 3,645 243,786 Restricted Funds South Lisburn Community Other Special Collections Building Fund SLCC Development Other Organisations 12,444 24,615 14,075 170,000 27.832 21,227 10,077 107,466 31,595 11,249 38,094 7,370 31,310 110,3681 11,1721 69.372 (7,370) {1,781) 2,076 22,832 84,058 162,630 26,051 {611) 611 29,529 248,966 168,299 119,618 48,681 297,647 Total fund balances 489 107 451852 399 526 541433 13. RELATED PARTY TRANSACTIONS Trustees, remuneration and expenses are detailed in Note 7. These were the only related party transactions in the year ended 31 December 2024. Page 14