Christ Church Lisburn Statement of Financial Activities for the Year Ended 31 Deceniber 2022 31.12.22 Total funds 31.12.21 Total funds Unrestricted Restricted Endowment funds funds fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 195,900 69,751 265,651 249,508 Other trading activities Investment income Other income 875 65,301 5,390 875 65,303 62,926 875 58,587 6,546 57,466 70 Total 267,466 127,219 70 394,755 315,516 EXPENDITURE ON Charitable activities Direct cost Support costs 195,685 7,168 367,566 563,251 7,168 228,851 6,412 Total 202,853 367,566 570,419 235,263 Net gains/(losses) on investments 297) 297) 171 NET INCOMEIEXPENDITURE Transfers between funds Other recognised gainsl(105ses) Gains on revaluation of fixed assets 64,613 (4,392) (240,347) 4,392 (227) (175,961) 80,424 13 230,000 Net movement in funds 60,221 (235,955) (227) (175,961) 310,424 RECONCILIATION OF FUNDS Total funds brought forward 1,250,659 264.171 2,592 1.517.422 1,206,998 TOTAL FUNDS CARRIED FORWARD 1,310,880 28,216 2,365 1,341.461 1,517,422 The notes fomi part of these financial statements Page 8
Christ Church Lisburn Balance Sheet 31 December 2022 31.12.22 Total nds 31.12.21 Total funds Unrestricted Restricted Endowment funds funds fund Notes FIXED ASSETS Tangible assets Investments Investments Investment propety 567,622 567,622 570,896 2,095 2,095 505,000 2,392 505,000 10 505,000 1,072,622 2,095 1,074,717 1,078,288 CURRENT ASSETS Debtors Cash at bank and in hand 28,482 211,797 8,503 27,346 71 199 37,056 239,342 68,633 373,245 240,279 35,849 270 276,398 441,878 CREDITORS Amounts falling due within one year 12 (2,021) (7,633) (9,654) (2,744) NET CURRENT ASSETS 238,258 28,216 270 266,744 439,134 TOTAL ASSETS LESS CURRENT LIABILITIES 1,310,880 28,216 2,365 1,341,461 1,517,422 NET ASSETS 1,310.880 28,216 2,365 1,341,461 1,517,422 The notes form part of these financial statements Page 9 continued...
Christ Church Lisburn Balance Sheet- continued 31 December 2022 FUNDS Unrestricted funds Restricted funds Endowment funds 13 1,310,880 28,216 2,365 1,250,659 264,171 2,592 TOTAL FUNDS 1,341,461 1,517,422 The financial statements were approved by the Board of Trustees and authorised for issue on l O May 2023 and were signed on its behalf by: Mr David Bodell - Trustee Mr Stephen ng - Trustee The notes form part of these financial statements Page 10
Christ Church Lisburn Notes to the Financial Statements for the Year Ended 31 December 2022 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 (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 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 flnancial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fimds, it is probable that the income will be re1Ved 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 cost related to the category. Where costs cannot be directly attributed to particulai headings, they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is PTovided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings IO% on cost Investment property Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities. 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 ndS can only be used for particular restricted PUTposes within th¢ objects of the charity. Restrictions 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 scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Pagell continued..
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 DONATIONS AND LEGACIES 31.12.22 31.12.21 Gener21 offering Freewill offering Gift aid Legacies Grants Organisation income Other appeals and collections 6,661 166,969 36,635 3,480 147,477 30,867 33,856 30,994 144 2,690 50,983 2,067 2,336 265,651 249,508 Grants received, included in the above, are as follows: 31.12.22 31.12.21 COI - Board of Education Diocesan Curate's grant HMRC Job Retention Scheme 50,983 17,016 5,379 8,599 50,983 30.994 OTHER TRADIING ACTIVITIES 31.12.22 31.12.21 Magazine advertising 875 875 INVESTMENT INCOME 31.12.22 31.12.21 Rents received Deposit account interest 64,550 753 57,788 799 65,303 58,587 Page 12 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 TRUSTEES, REMUNERATION AND BENEFITS 31.12.22 31.12.21 Trustees, salaries Trustees, social security Trustees, pensions paid 77,995 2,077 8,355 75,406 2,524 8,153 88,427 86,083 Trustees, expenses 31.12.22 31.12.21 Trustees, expenses 7,499 7,066 STAFF COSTS The average monthly number of employees during the year was as follows.. 31.12.22 31.12.21 Pastoral Administration No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Endowment funds nds fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 187,609 61,899 249,508 Other trading activities Investment income Other income 875 58,584 3,571 875 58,587 6,546 2.848 127 Total 250,639 64,750 127 315,516 EXPENDITURE ON Charitable activities Direct Cost Support costs 218,576 6,412 10,275 228,851 6,412 Total 224,988 10,275 235,263 Page 13 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted Endowment Total funds funds nd funds Net gains on investments 171 171 NET INCOME Transfers between funds Other recognised g2insl(losses) Gains on revaluation of fixed assets 25,651 13,810 54,475 (13,810) 298 80,424 230,000 230,000 Net movement in funds 269,461 40,665 298 310,424 RECONCILIATION OF FUNDS Total funds brought fonvard 981,198 223,506 2,294 1,206,998 TOTAL FUNDS CARRIED FORWARD 1,250,659 264,171 2,592 1,517.422 TANGIBLE FIXED ASSETS Fixtures and fittings Freehold propety Totals COST At l January 2022 Additions 545,000 35,440 300 580,440 300 At 31 December 2022 545,000 35,740 580,740 DEPRECIATION At l January 2022 Charge for yeat 9.544 3,574 9,544 3,574 At 31 December 2022 13,118 13,118 NET BOOK VALUE At 31 December 2022 545,000 22,622 567.622 At 31 December 2021 545.000 25,896 570,896 Page 14 continued..
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At l January 2022 Revaluations 2,392 297) At 31 December 2022 2,095 NET BOOK VALUE At 31 December 2022 2,095 At 31 Decembei 2021 2,392 There were no investment assets outside the UK. Cost or valuation at 31 December 2022 is represented by.. Unlisted investments Valuation in 2022 2,095 10. INVESTMENT PROPERTY FAIR VALUE At l January 2022 and 31 December 2022 505,000 NET BOOK VALUE At 31 December 2022 505,000 At 31 December 2021 505,000 Page 15 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Prepayments and accrued income Prepayments 31,270 5,786 63,547 5,086 37,056 68,633 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.22 31.12.21 Other creditors 9,654 2,744 13. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.22 At 1.1.22 Unrestricted funds General fund General Revaluation Fund 1,020,659 230.000 64,613 (4,392) 1,080,880 230,000 1,250,659 64,613 (4,392) 1,310,880 Restricted funds Renovation fund Missionary fund Acorn club Bowling club Choir Craft club Hill Walkers KLIC - Sunday School Tots Together Uganda fvnd 246,499 1,688 1,370 2,245 1,301 639 (232,627) (5,577) (33) 153 (130) 111 13,872 503 1,337 2,398 1,171 750 4,392 (4) 174 2,414) 1,367 9,054 1,541 6.640 264,171 (240,347) 4,392 28,216 Endowment funds CIT Unit Trust 2,592 (227) 2,365 TOTAL FUNDS 1,517,422 175,961) 1,341,461 Page 16 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 13. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund 267,466 (202,853) 64,613 Restricted funds Renovation fund Missionary fund Acorn club Bowling club Choir Craft club KLIC - Sunday School Tots Together Uganda fund 119,971 2,945 112 196 (352,598) (8,522) (145) (43) (131) (456) (124) (897) 4,650) (232,627) (5,577) (33) 153 (130) I I I (4) 174 2,414) 567 120 1,071 2,236 127,219 (367,566) (240,347) Endoivment funds CIT Unit Trust 70 (297) (227) TOTAL FUNDS 394.755 (570,419) (297) 175,961) Page 17 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 13. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between nds At 31.12.21 At 1.1.21 Unrestricted funds General fund General Revaluation Fund 981,198 25,651 230,000 13,810 1,020,659 230,000 981,198 255,651 13,810 1,250,659 Restricted funds Renovation fund Missionary fund Acorn club Bowling club Choir Craft club Hill Walkers KLIC - Sunday School Tots Together Uganda fvnd 207,989 507 1,339 2,244 1,310 639 52,436 924 31 (13,926) 257 246,499 1,688 1,370 2,245 1,301 639 (9) 1,533 7,939 (166) 1,256 1,367 9,054 141) 223,506 54,475 (13,810) 264,171 Endowment funds CIT Unit Trnst 2,294 298 2,592 TOTAL FUIYDS 1,206,998 310,424 1,517,422 Page 18 continued...
Christ Church Lisburn Notes to the Financial Statements - Continued for the Year Ended 31 December 2022 13. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund General Revaluation Fund 250,639 (224,988) 25,651 230,000 230,000 250,639 (224,988) 230,000 255,651 Restricted funds Renovation fund Missionary fund Acorn club Bowling club Choir KLIC - Sunday School Tots Together Uganda fund 55,979 7,366 62 (3,543) (6,442) (31) 52,436 924 31 (10) (38) (211) (9) 40 45 1,256 (166) 1,256 64,750 (10,275) 54,475 Endowment funds CIT Unit Ttust 127 171 298 TOTAL FUNDS 315,516 235,263) 230.171 310,424 Page 19 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 13. MOVEMENT IN FUNDS- continued A cuttent year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.12.22 At 1.1.21 Unrestricted funds General fund General Revaluation Fund 981,198 90,264 230,000 9,418 1,080,880 230,000 981,198 320,264 9,418 1,310,880 Restricted funds Renovation fund Missionary fund Acorn club Bowling club Choir Craft club Hill Walkers KLIC - Sunday School Tots Together Uganda nd 207,989 507 1,339 2,244 1,310 639 (180,191) (4,653) (2) 154 (139) I I I (13,926) 4,649 13,872 503 1,337 2,398 1,171 750 (2) 1,533 7,939 1,541 6,640 1,158) 141) 223,506 (185,872) (9,418) 28,216 Endowment funds CIT Unit Trust 2,294 71 2,365 TOTAL FUNDS 1,206,998 134,463 1,341,461 Page 20 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2022 13. MOVEMENT IN FUINDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds Geneial fund General Revaluation Fund 518,105 (427,841) 90,264 230,000 230,000 518,105 (427,841) 230,000 320,264 Restricted funds Renovation fund Missionary fund Acorn club Bowling club Choir Craft club KLIC - Sunday School Tots Together Uganda fvnd 175,950 10,311 174 197 (356,141) (14,964) (176) (43) (141) (456) (162) (1,108) 4,650) (180,191) (4,653) (2) 154 (139) I I I (2) 567 160 1,116 3.492 1,158) 191,969 (377,841) (185,872) Endoivment funds CIT Unit Trust 197 (126) 71 TOTAL FUNDS 710.271 805,682) 229.874 134,463 14. RELATED PARTY DISCLOSURES Trustee remuneration and expenses are detailed in Note 5. These are deemed related party transactions. Except foi these, ther¢ were no other related paty ttansactions for the year ended 31 December 2022. Page 21