Lisburn Cathedral
Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 31 December 2025
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| 2025 | 2025 | 2025 | 2024 | ||
| Income from: | Notes | £ | £ | £ | £ |
| Donations and Legacies | 2 | 281,698 | 121,790 | 403,488 | 430,376 |
| Investment Income | 3 | 19,706 | 17 | 19,723 | 17,282 |
| Other Income | 4 | 15,007 | ~~-~~ | 15,007 | 4,194 |
| Total incoming resources | 316,411 | 121,807 | 438,218 | 451,852 | |
| Expenditure on: | |||||
| Charitable Activities | 5 | (277,245) | — (74,038)(351,283) | (374,377) | |
| Support Costs | 5 | (25,036) | (60) | (25,096) | (25,149) |
| Total expenditure | (302,281) | (74,098)(376,379) | (399,526) | ||
| Netincome before transfers | 14,130 | 47,709 | 61,839 | 52,326 | |
| Fund balances brought forward | 243,786 | 297,647 | 541,433 | 489,107 | |
| Fundbalancescarriedforward | 257,916 | 345,356 | 603,272 | 541,433 |
All of the above results are derived from continuing gains and losses recognised in the year are included above.
The notes on pages 9 to 15 form an integral part of these financial statements.
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Lisburn Cathedral
Balance sheet as at 31 December 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 7 | 176,991 | 170,067 | ||
| Current assets | |||||
| Debtors | 8 | 14,184 | 19,384 | ||
| Cash atbank and inhand | 512,036 | 360,887 | |||
| 526,220 | 380,271 | ||||
| Creditors: amounts falling | |||||
| due within one year | 9 | (99,939) | (8,905) | ||
| Net current assets | 426,281 | 371,366 | |||
| Net assets | 603,272 | 541,433 | |||
| Funds | |||||
| Unrestricted funds | 10 | 257,916 | 243,786 | ||
| Restricted funds | 10 | 345,356 | 297,647 | ||
| Totalfunds | 603,272 | 541,433 |
The financial statements were approved by the Trustees on 24th February 2026 and signed and approved for issue on its behalf by
~~Sau Wright~~
Very Rev. S Wright Trustee
~~i[———]~~ RP Thompson, Hon. Treasurer Trustee
The notes on pages 9 to 15 form an integral part of these financial statements.
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Lisburn Cathedral
Notes to the financial statements
for the year ended 31 December 2025
1. Accounting policies
1.1. 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 (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared under the historical cost convention.
1.2. Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
- 1.3. Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4. Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Investment income is recognised once the income and been declared and notified to bank accounts.
- 1.5. Resources expended All expenditure is accounted for on an accruals basis.
Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.
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Lisburn Cathedral
Notes to the financial statements
for the year ended 31 December 2025
siseeeteeeeeeereeeee CONtINUEd
- 1.6. Tangible fixed assets and depreciation Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings ~~-~~ 2% Straight line Equipment ~~-~~ 15% Straight line Fixtures and fittings ~~-~~ 10% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7. Impairment of fixed assets
-
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
-
1.8. Cash at bank and in hand Cash and cash equivalents include cash in hand, deposits held at call with banks, other shor ~~t-~~ term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
-
1.9. Taxation
The charity is exempt from tax on its charitable activities.
1.10. Employee benefits
- The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
- 1.11. Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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Lisburn Cathedral
Notes to the financial statements
for the year ended 31 December 2025
| sesesessseseseeeeees CONtINUEd | sesesessseseseeeeees CONtINUEd | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| 2025 | 2025 | 2025 | 2024 | |||||
| £ | £ | £ | £ | |||||
| 5. | Charitable activities | |||||||
| Trustees' salaries | 77,775 | 31,092 | 108,867 | 93,149 | ||||
| Trustees' social security | 5,008 | 1,416 | 6,424 | 6,661 | ||||
| Trustees’ pensions paid | 18,544 | 127 | 18,671 | 17,924 | ||||
| Trustees' expenses | 15,000 | ~~-~~ | 15,000 | 15,000 | ||||
| Other salaries | 18,104 | 10,150 | 28,254 | 27,608 | ||||
| Other social security | 721 | 161 | 882 | 68 | ||||
| Otherpensions paid | 238 | ~~-~~ | 238 | ~~-~~ | ||||
| Utility costs | 18,760 | ~~-~~ | 18,760 | 23,755 | ||||
| Insurance | 7,422 | ~~-~~ | 7,422 | 7,804 | ||||
| Office costs | 2,766 | 59 | 2,825 | 2,963 | ||||
| Sundries | 908 | ~~-~~ | 908 | 2,758 | ||||
| Parochial ministry costs | 9,525 | 238 | 9,763 | 8,245 | ||||
| Repairs andmaintenance | 45,065 | 5,592 | 50,657 | 68,679 | ||||
| Missionary and other donations | 20,605 | 2,380 | 22,985 | 43,061 | ||||
| Diocesan expenses | 28,281 | ~~-~~ | 28,281 | 25,813 | ||||
| Organisations | 8,523 | 22,823 | 31,346 | 30,889 | ||||
| 277,245 | 74,038 | 351,283 | 374,377 | |||||
| Unrestricted | Restricted | Total | Total | |||||
| 2025 | 2025 | 2025 | 2024 | |||||
| £ | £ | £ | £ | |||||
| Support costs | ||||||||
| Bank charges | 738 | 60 | 798 | 773 | ||||
| Church cleaning | 9,697 | ~~-~~ | 9,697 | 10,148 | ||||
| Legal expenses | 2,163 | ~~-~~ | 2,163 | 2,636 | ||||
| IT costs | 1,487 | ~~-~~ | 1,487 | 1,218 | ||||
| Depreciation | 8,962 | ~~-~~ | 8,962 | 7,894 | ||||
| Accountancy | 1,989 | ~~-~~ | 1,989 | 2,480 | ||||
| 25,036 | 60 | 25,096 | 25,149 |
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Lisburn Cathedral
Notes to the financial statements
for the year ended 31 December 2025
dteeteseseeeeees CONTINUE
| Fixtures | ||||||||
|---|---|---|---|---|---|---|---|---|
| 7. | Tangible fixed assets | Freehold | and | |||||
| property | Equipment | fittings | Total | |||||
| £ | £ | £ | £ | |||||
| Cost | ||||||||
| At 1 January 2025 | 200,000 | 37,370 | 10,000 | 247,370 | ||||
| Additions | ~~-~~ | 15,886 | ~~-~~ | 15,886 | ||||
| At 31 December 2025 | 200,000 | 53,256 | 10,000 | 263,256 | ||||
| Depreciation | ||||||||
| At 1 January2025 | 40,000 | 27,303 | 10,000 | 77,303 | ||||
| Charge for the year | 4,000 | 4,962 | ~~-~~ | 8,962 | ||||
| At 31 December 2025 | 44,000 | 32,265 | 10,000 | 86,265 | ||||
| Net book values | ||||||||
| At 31 December 2025 | 156,000 | 20,991 | ~~-~~ | 176,991 | ||||
| At 31 December2024 | 160,000 | 10,067 | ~~-~~ | 170,067 | ||||
| 8. | Debtors | 2025 | 2024 | |||||
| £ | £ | |||||||
| Accrued income | 4,757 | 10,026 | ||||||
| Prepayments | 9,427 | 9,358 | ||||||
| 14,184 | 19,384 | |||||||
| 9. | Creditors: amounts falling due | 2025 | 2024 | |||||
| within one year | £ | £ | ||||||
| Othertaxes and social security costs | 3,470 | 2,524 | ||||||
| Accruals and deferred income | 96,469 | 6,381 | ||||||
| 99,939 | 8,905 |
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Lisburn Cathedral
dteeteeeseeeeeee CONTINUE
Notes to the financial statements
for the year ended 31 December 2025
10. Statement of funds:
| Balance | Balance | Incoming | Outgoing | Balance | Balance | ||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | January 2025 | + | Resources | Resources 31 December2025 |
|||||
| Unrestricted Funds | |||||||||
| General fund | 243,786 | 316,411 | 302,281 | 257,916 | |||||
| 243,786 | 316,411 | (302,281) | 257,916 | ||||||
| Restricted funds | |||||||||
| South Lisburn Community | 2,076 | 49,269 | (40,256) | 11,089 | |||||
| Other Special Collections | 22,832 | 2,077 | (9,372) | 15,537 | |||||
| Building Fund | 84,058 | 46,061 | (745) | 129,374 | |||||
| SLCC Development | 162,630 | - | - | 162,630 | |||||
| Other Organisations | 26,051 | 24,400 | (23,725) | 26,726 | |||||
| 297,647 | 121,807 | (74,098) | 345,356 | ||||||
| Total funds | 541,433 | 438,218 | (376,379) | 603,272 | |||||
| Unrestricted Restricted |
|||||||||
| 11.‘ | Analysis ofnet assets between funds | reserve | reserve | ||||||
| fund | fund | Total | |||||||
| £ | £ | £ | |||||||
| Fund Balances at 31 December 2025 | |||||||||
| represented by: | |||||||||
| Net assets | 257,916 | 345,356 | 603,272 | ||||||
| 257,916 | 345,356 | 603,272 |
12. Related party transactions
Trustees' remuneration and expenses are detailed in Note 6. These were the only related party transactions in the year ended 31 December 2025.
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