REGISTERED CHARITY NUMBER: 101245 Report of the Trustees and Financial Statements for the Year Ended 31 Deeember 2024 for Christ Chureh Lisburn Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP
Christ Church Lisburn Contents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet 9 to 10 Notes to the Financial Statements 11 to 22 Detailed Statement of Financi2] Activities 23 to 24
Christ Church Lisburn Report of the Trustees for the Year Ended 31 December 2024 The trustees present their report with the financial statements of tlie charity for the year ended 31 December 2024. The trustees have adopted the provisions of Ac¢ounttng and R¢porting by Charities: Statement of Recoinmended Practice applicable to charities preparing their accounts in accordance with the Financial Reportino Standard applicable in the UK and Republic of IT¢land (FRS 102) (effectiv¢ l January 2019). OBJECTIVES AND ACTIVITIES Objeetives and aims The Charitable purpose of the Church of Ireland is the advancem¢nt of religion. The principal function of Christ Church Lisburn is to support the advancement of the Christian religion by promoting, through tlie work of Clirist Cliurch, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. 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. As a result of actlvity in the pursuit of the advancement of the Christian religion, Christ Church Lisburn has custody of property and of records, materials and artifacts of significance to the cultural and religious heritage, the maintenance of which is undertaken by the select vestry of Christ Church Lisburn. Community: Gathering as a community of faith on a Sunday is central to the witness of the parish. We had a morning service each Sunday with at least one evening service each month. We are part of the Diocese of Connor with Bishop George providing leadership to clergy and lay people. When we gather, we have groups also for our children and young people during morning worship. Technology enabled us to keep connected with people in their homes, hospital, care homes or on a staycation. The parish acknowledges the input frorn all on the AV team, our organist, choiT, praise group and mell's choir in shaping the services as well as items for our worship services. Our parish organisations are led by a great team of leaders and volunteers and allow people to gather in our halls but make connections with wider community life. There is the Patish ChoiT, Praise Group, Men's Choir, Hospitality Group, Bowling Club, Tuesday coffee, Bible Study, Badminton Club, Ladybirds ladies. group, Prayer Fellowship) Tots Together, Craft Group, GFS, CLB, Acorn Club, Messy Church, KLIC. JAM. Walking Group, and Pastoral Visitors. In particular, the Tuesday Coffee morning is a 'warn] room, with up to 70 people altending each week from the parish and community. TheTe is a great team of volunteers to support this ministy. Two of our local schools came and sang at Tuesday coffee and we made a focus one morning on the issue of dementia through personal Stories as well as a morning to support Marie Curie. To reco ise the 80 anniversary of D-Day, we had Harnjony Ladie5, Choir at Tuesday cofft¢ plu5 a cake for all to enjoy. We recognised the Tole of all volunteers with a special evening in September with input from various volunteers who spok¢ of the various ministries they were involvcd in. The evening ended with all enjoying a variety of de5S¢rts. The GFS held a quiz night for parishioner5. We are a community that encompasses people from birth to over 100 years old, with people living throughout the greater Lisburn area. Our oldest parishioner, Kathleen Chapman ¢¢lebrated her 105 birthday in June. The clergy team brought leadership to a faith community amidst a p05t Covid world aiid rising costs of living locally. They sought to support families who lost a loved one as well as pastoring to those in hospital and nursing care. There are also the moments of joy such as a baptism, wedding or special birthday or anniversary. Much of the pastoral oare is through regular connections at worship and parish organisations by the clergy a5 well as people caring for one another as a community of faith. One aspect that reflects the need to support bereaved parishioners is the annual bereavement service in late November. Page I
Christ Church Lisburn Report of the Trustees for the Year Ended 31 December 2024 Tlie area of mental health has been important in the life of our parish and hence the use of the Sanctuary Course in early 2024 was supported by 28 parishioners and friends. We received funding from Mind Matters for fijrther training and developed a partnership with Links Counselling for a first aid mental health course. We seek ways to gatlier and support one anotlier as well as encourage good wellbeiiig physically aiid Spiritually. Our walkino group allows that as well and the trip to Rathlin island in April was cornpleted with a service in St Thomas, Church. The partnership with the local Lisburn Foodbank continued as donations were gatliered at different times throughout the year, especially at Harvest time. The food bank plays a vital role in supporting so rnany people in our city. We are grateful that some of our church families ar¢ volunteers at the Foodbank. We held a 2-week Christians Against Povety money course for parishioners in the autumn with our cural¢, the Rev Gareth Campbell using the Sunday services at that time to speak about Stewardship- creation, finances, time and gifts. We hosted the Royal British Legion service for the council area on Remembrance Sunday in November as our comrnunity took time to remember, give thanks and commit to peacebuilding. We hosted the PSNI Carol Service in December in our church witli clioirs from Beechlawn Special School and the Live Life Wellbeing Centre and heard again of the trreat need in the community t]irough tlie ministry of the Foodbank. The Tector is part of the City Centre Ministers, Fellowship) and they organised the Good Friday Walk of Witness on a beautiful spring day. Th¢ clergy team is part of the church leaders, faith forum for the council area with a focus on supporting one another through wellbeing. Our gatherings allowed leaders to find time for refreshment. As part of Connor Diocese, the clergy attend quarterly meetings across the diocese as well as local (rroups in the Rural Deanery. During Holy Week we had our worship services that reflected the story of Christ's death and resurrection. We journeyed to the church gate and serv¢d hot dogs and refreslllnents to all who passed by on a w¢t spring day. The parish office is a place of connections for parishioners and the community. It is our administration hub. Lisbum Community Dementia Care group meets monthly with a varied programme with each person supported by a family member in attendance. The Wendy Gibson Ballet Academy use our premises three times a week for girls throughout the community and Elegant Ex¢rcise began on a Tuesday at 12 noon. Compliance with public benefit: The Parish has givcn careful consideration to the Charity Commission for Northern Ireland guidance on public ben¢fiL to ensure the parish's objectives and activities. as welJ as providing public benefit. Page 2
Christ Church Lisburn Report of the Trustees for the Year Ended 31 December 2024 li ACHtEVEMENf AND PERFORMANCE Charitable activities Regular Sunday worship was back to being in the church building witli each service online as well, The hybrid nature allowed us to get the KLIC and JAM groups up and ruiining during morniniy worsliip for ¢hildTen and teenagers. The church festivals continued to be times to gather for extra services as well as thinking of others as well. The seasons of Lent, Easter, Harvest and Chrisimas gave us a clear focus amidst all the challenges in our community. with technology allowing the messages of Christ's death and resurrection, creation, God's love and coming to us as Saviour to be so powerful in a world of great uncertainty. The Healing Services have supported our pastoral eare of parishiotters and friends. Having a couple of 12 hours of prayer in the year in the church allowed parishioners the opportunity for peace and quiet but united in prayer for the parish aiid community. Th¢ development of Messy Church on Sunday afternoon continiies in reaching out to families and we held a Messy Clinib at Clip and Climb iii Lisburn for 2 hours including tli¢ clitnbing, food and some worship. Our Summer Kids, Club was held in August over 3 nights. Our parish organisations continue to be led by parishioners supported by the clergy. We have a large group of volunteers that support tlie parish groups and activities of the charity. The group5 play a significant part in gathering people together of all ages and for various purposes in the mission of the Gospel. This complements our uniformed parish Qrganisatioiis working with childrer], OUT Tots Together for pre-school children which again draws in people from the community and our JAM group for P7-YIO young people who went to the diocesan weekend at Castlewellan Castle and lived under canvas at Summer Madness for the fiTSt time. A big higlilight was the 8 young people who were confirmed on 10 March and took that step of faith to follow Jesus. The Select Vestry meets monthly in carying out the responsibilities as trustees in ternis of the mission of the charity and supporting our worship and the ministy of tlie parish organisations. Our annual Easter General Vestry met in person in the liall as we reflected on the past year and looked fornvard in faith. A new Select Vestry was elected to serve for a year. The Trustees have put in place strong policies to mitigate any potential harm to anyone partaking in Church activities and have a chtld protection policy in plac¢ under the control of our Safcouarding Trust panel. One particular aspect of the work of th¢ trustees was the purchase of a new liouse for our curate and the sale of the old house as well. It was so encouraging that parishioners gave interest free loans in order tliat the purchase went ahead. Our Trustees ensure that the buildinas are well maintained and meet the required safety standard5. The truste¢s appointed George and Sheena Grattan as our treasurers and Trevor Annett as the assistant treasurer. The issue of Safeguarding is parainouiit to the work of the parish, and we had a diocesan audit in May this year with good outcomes. The parish panel of Beverley Ringland, Robin Smythe and the Rector continue to keep safeguarding to the fore in parish life for volunteers and children. The clergy team continued school assemblies in Central and Old Warren PS and our curate Rev Goreth Campbell started taking lessons in Lisnagarvey High School. Central PS celebTated 90 years as a school and Old Warren PS cel¢brat¢d 50 years as a school. Parishioners and clergy serve on the Board of Gov¢rnors of both schools, and we welcomed both schools to a 'celebration Service, on 24 April with the drama 0Up Play it by Ear shaping the programme. We re-commenced a service in Old Manor Hom¢ and worked with a few of our parishioners in providing a worship service in local care homes with the men's choir singing at their annual Carol Service. The challenges for pastoral care continu¢ in the parish but the clergy team and pastoral visitors endeavoured to keep in contact with parishioners and support them in a variety of ways. We pay tribute to all our parish staff and leaders for their commitmenL faith and willingness to adapt to changing circumstsnces and their support in shaping worship and ministy. The Contact magazine was a means of communication and contact with the wider church family. The impact of the large number of deaths in recent years has been deeply f¢lt in familÉ¢s. parish organisations and Sunday worship. The use of Standing Orders has b¢en further encouraged for parishioners, and this has meant that giving has been more sustained over the summer months Page 3
Christ Church Lisburn Report of the Trustees for the Year Ended 31 December 2024 in particular. Parishioners were generous to the work of the charity as well as other mission agencies through the Harvest Appeal and then at Christmas with support for the Salvation Amiy, Lisburn Foodbank and Leprosy Mission Nl. Throughout the year, we have visiting speakers on Sundays and throughout the week highlighting the amazing work by mission agencies and charities in our society and world and whtch we support practically, financially and prayerfully. The Mothers, Union and Craft group made hats, blankets, bedding, syringe driver bags for Baby Basics, Mission to Seafarers, the Hospice, Premature Baby Unit, Women's Aid and Almost Home. The parish hosted Connor Diocesan Synod for the first time on 13 June and a planning team from the Parish and Diocese put together the day. Although wet, the whole day of worship, catering and business was so encouraging and uplifting for all who attended. The Rector spoke at the Holy Communion service and Bishop George chaired the business of the Diocese. Global connections: We continued to pray and support our partnerships in Uganda, and Burundi in particular. Parishioners continue to sponsor children at St Apollo in Uganda and through Fields of Life. The Trustees nominated Leprosy Mission NI as the mission agency to support in 2024 through the Lent Appeal and Christmas Bauble scheme. In addition, our young people and parents put on a lovely breakfast on Sunday 4 February to support this agency. Our Harvest Appeal supported the local foodbank, clergy training in Uganda as well as supporting charitics and agencies locally and globally. The parish seeks to be a place where people follow Jesus and grow a healthy church. It faces many challenges but through faith, hope and love, a community radiating the love of Christ for all. Compliance with pubIic benefit.. The Parish has considered the Charity Commission of Northern Ireland's guidance on public benefit, to ensure the parish's objectives and activities provide public benefit. FINANCIAL REVIEW Financial position Our unrestrictcd income for the year was £218,807 and our unrestricted expenses for the year were £242,462. This resulted in an ovcrall unrestricted loss of £24,558 after adjustments arc made for transfers betw¢en funds. This leav¢s us with unTcstricted net CUent assets of £163,708 and unrestricted total assets of £1,475,779 on 31 December 2024. These results are reasonable consid¢ring the work that has been done around the church, including new windows in the church hall, which have been needed for a long time now. Most major repairs have now been carried out and wc hope to have a period of lower expenditure on our buildings and repairs for the next few years. Trustee's Policy on Holding Reserves. The Trustees are aware of the importance of kceping sufficient reserves of money in our general account to enable good control of cash flow and to meet the demands of the day-to-day running of the church. Going concern The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the parish can continue its activities and the financial stat¢m¢nt for the 2024 year can b¢ signed off as a going concern. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Chapter I I l of the Constitution of the Church of Ireland governs Parishes and Parochial Organisations. The select Vestry members are the Charity Trustees. Page 4
Christ Church Lisburn Report of the Trustees for the Year Ended 31 December 2024 STRUCTURE, GOVERNANCE AND IVIANAGEMEiYr Recruitment and appointment of select vestry (trustees) 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 congrcgation 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 vesty and to stand for election to the select vesty. Meetings of the general vesty are held at least once a year. The select vestry is elected as part of the General V¢sty 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 temis that may be served. Organisational structure The select Vestry is responsible for the day-to-day management of the parish. The selcct vestry Consists of the members of the clergy serving in the parish, any curate assistan¢ the churchwardens and generally not more than twclve other members of the general vestry elected at the Easter Vestry meeting. The Select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vesty members are responsible for making decisions on matters of general concern and importance to the parish including how parish funds arc to be applied. The select vestry mcets at times fixed by members or by the dio¢¢san synod. Special meetings may be convened at any time by the chairperson or the churchwardcns. In 2024 the select vestry met 13 times during the year REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 101245 Principal address Parish Office Church Lane Lisburn Co. Antrim BT28 IJL Page 5
Christ Church Lisburn Report of the Trustees for the Year Ended 31 December 2024 Trustees Mr Ivan Anderson Mr Paul Arnistrong Mr Johnston Boyle Rev Gareth Campbell Mrs Valerie Christy Mr Jack Craig Mr Tom Doran Mr Mervyn Dougherty Archdeacon Paul Dundas Mrs Beth Harris Mr Stephen Long (Hon. Secretary) Mr Thomas Ringland Miss Emily Thompson Mr Eric Thompson Mrs Janice Thompson Mr Kevin Thompson Independent Examiner John Mccleary FCA Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITr Bankers Danske Bank 62-66 Bow Street Lisburn Co. Antrim BT28 IYS Approved by order of the board of trustees on 9 April 2025 and signed on its behalf by.. en Long - Trustee Page 6
Independent E.Yaminer's Report to the Trustees of Christ Church Lisburn Independent examiner's report to the trustees of Christ Church Lisburn I report to the cliarity trustees on iny examinatiou of the accounts of Christ Church Lisburn for the year ended 31 December 2024. Respective responsibillties of charity trustees and examiner As the charity's trustees you are responsible for the preparation of the account5 in accordance with the requirements of tlie Cl)arities Act (Northeri) Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act follow the procedures laid dowii in the general Dir¢ctions oiven by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Chartties Act state whether particular matters have come to my attention. Basis of the independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out iii accordance with the general Directions (yiven by the Charity Cornmissioii for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the cl)arity and a comparison of the accounts presented with those records. It also included consideration of any iinusual items or disclosures in the accounts, and seeking explanations frotn you as charity trustees concerniJRg any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting records were not kept in accordance with section 63 of the Charities Act. That the accounts do not accord with those accounting records. That the accounts do not compJy with the accounting requirements of the Act. That there is further inforn]ation needed for a proper understanding of the accouiits to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the rnatters ( l ) to (4) listed above and, in conncction with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. John Mccjeary FCA Mccleary & Company Ltd Chartered Accountsnts Garvey Studios 14 Longstone Strcet Lisburn Co. Antrirn BT28 ITP 9 April 2025 Page 7
Christ Church Lisburn Statement of FAnancial Activities for the Year Ended 31 December 2024 31.12.24 Total funds 31.12.23 Total funds Unrestricted Restricted Endowment funds funds filiid Notes COME AND ENDOWTrLENTS FROM Donations and legacies 156,030 38,120 61 194,211 189,310 Other trading activities Investment income Other income 800 55,338 6.639 100 10,819 4,135 900 66,157 1,885 67,595 10,047 Total 218,807 53,174 61 272 042 268.837 EXPENDITURE ON Charitable activities Direct cost Support costs 195,764 46.698 58,131 1,365 253,895 280,682 Total 242,462 59,496 301,958 288.516 Net (Tains/(losses) on investments 576 NET INCOMEI(EXPEIYDITURE) Transfers between funds Other recognAsed gains/(losses) Gains on revaluation of fixed assets (23,655) (903) (6.322) 902 61 14 (29,916) (19,105) 245,000 Net movement in funds (24,558) (5,420) 62 (29,916) 225,895 RECONCILIATION OF Total funds brought forward 1.500.337 63,834 3,185 1,567.356 1.341,461 TOTAL FtINDS CARRIED FORWARD 1.475.779 3,247 1,537,440 1,567.356 The notes forni part of these financial statem¢nts Page 8
Christ Church Li5burn Balance Sheet 31 December 2024 31.12.24 Total nds Unrestricted Restricted Endowment funds funds fund 31.12.23 Total funds Notes FIXED ASSETS Tangible assets Investments Investments Investment propety 737.071 737,071 740,786 2,671 575.000 2,671 575.000 2,671 i75 000 1.312,071 2,671 1,314,742 1,318,457 cttRRINT ASSETS Debtors Cash at bank and in hand 40,440 131,677 16,612 41.802 57,052 174,055 19,972 234,028 576 172,117 58,414 576 231,107 254,000 CREDITORS Amounts falling due within on¢ year 12 (8,409) (8,409) (5,101) NET CURREIYT ASSETS 163,708 58,414 576 222.698 248.899 TOTAL ASSETS LESS CURIiENT LIABILITIES 1,475,779 58,414 3,247 1,537,440 1,567,356 ET ASSETS 1475.779 58,414 3.247 1.537,440 1,567,356 Tbe notes forni part of these fmancial statements Page 9 continued...
Christ Church Lisburn Balance Sheet - continued 31 December 2024 FUNDS Unrestricted funds Restricted funds Endowment funds 14 1,475,779 58,414 3,247 1,500,337 63,834 3,185 TOTAL FUNDS 1,537,440 1,567,356 The financial statements were approved by tlie Board of Trustees and authorised for issue on 9 April 2025 and were signed on its behalf by: Mr Step ong - Trustee Mrs Valerie Christy - Trustec i.Qkn,,tr The notes forni part of these financial statements Page 10
Christ Church Lisburn Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the cliarity, wliich is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS I02) '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 Stsndard 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland, and tlie Charities Act (Northern Ireland) 2008. The financial statemeiits 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 funds, it is probable that the income will be Teceived and the amount can be m¢asured reliably. Expenditure Liabilities are recoonised 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 Nvill be required in settlemeiit 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 particular headinos, they have been allocated to activities on a basis consistent with the use of resources. Tangible red assets Depreciation is provided at the following annual rat¢s in order to write off eaoh asset over its estimated useful life. Fixtures and fittings IO% on Cost Investment property Investrnent property is shown at most recent valuation. Any aggregate surplus 01 deficit arising from chang¢s in fair value is recognised in the Ststement of Financial Activities. Taxation The charity is exempt from tax on its cliaritable activities. Fulld accounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trnstees. Restricted funds can only be used for particular Testricted purposes within the objects of the Charity. Restrictions arise when specifLed by the donoT or when funds are raised for particular restricted purposes. Pension eosts 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 Activiti¢s in the period to which they relate. Pagell continued...
Christ Church Lisbur Notes to the Financial Statements - coutinued for the Year Ended 31 December 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 General offerin(T Freewill offering Gift aid Grants Organisation income Other appeals and collections 8,828 113,485 27,923 27,109 2,338 14.528 6,614 132,694 8,077 34,595 2,963 4,367 194.211 189,310 Grants received, included in the above, are as follows: 31.12.24 31.12.23 Col- Board of Education Diocesan Curate's grant Youth grant- EA RCB- Mind matters graiit 16,612 7,112 2,385 16,612 12,520 5,463 27,109 34,595 OTHER TIL4DThG ACTIVITIES 31.12.24 31.12.23 Fundraising events Magazine advertising 1,110 775 900 900 1,885 INVESTMENT INCOME 31.12.24 31.12.23 Rents received Deposit arKount interest 65.314 843 66,183 1,412 66.157 67,595 Page 12 continued...
Christ Church Lisburn Notes to the FAnancial Statements - eontinued for the Year Ended 31 December 2024 TRUSTEES, RElWItTNERATION Ar BENEFITS 31.12.24 31.12.23 Trustees, salaries Trustees, social security Trustees, pensions paid 84.161 3,899 15,427 65,766 2,629 103,487 76.277 Trustees, expenses 31.12.24 31.12.23 Trustees, expenses 1.276 6,283 STAFF COSTS Tlie avera(ve monthly number of employees during the year was as follows-. Pastoral Administration 31.12.24 31.12.23 No employees received emoluJnents in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnT¢Stricted Restricted Endoivment funds fiJnd5 fund Total funds INCOME AIYD ENDOwmNTs FROM Donations and legacies 135,680 53,630 189,310 Other trading activities Inv¢sttnent income Other income 775 12.239 7,425 1,110 55.356 2,378 1,885 67,595 10,047 244 Total 156119 112.474 244 268,837 EXPEIYDITURE ON Charitable activities Direct cost Support costs 198,358 7.836 82,324 280,682 7,836 Total 206 194 288.516 Net gainsl(losses) on investments 576 576 Page 13 continucd...
Christ Church Lisburn Notes to the Financial Staternents - continued for the Year Ended 31 December 2024 coTrtPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . continued Unrestricted Restricted Endowment funds funds fund Total fuiids NET INCOMEllfXPENDITURE) Transfers between funds Gains on revaluation of fixed assets (50,075) (5,468) 245,000 30,150 5468 820 (I9,105) 245,000 Net movement in funds 189,457 35,618 820 225,895 RECONCILIATION OF FUNI)S Total funds brought forward 1,310.880 28,216 2,365 1,341,461 TOTAL F[Ds CARRIED FORWARD 1,500.337 3,185 1,567,356 TANGIBLE FLXED ASSETS Fixtures and fittings Freehold property Totals COST OR VALUATION At l January 2024 Additions Disposal&Revaluations 720.000 195,000 195,000) 37,619 757.619 195,000 (195,000) At 31 December 2024 720,000 37,619 757,619 DEPRECIATION At l January 2024 Charge for year 16,833 3.715 16,833 3,715 At 31 December 2024 20,548 20,548 tqETBOOK VALIJE At 31 Decernber 2024 720,000 17,071 737,071 At 3 l December 2023 720 000 20.786 740,786 Page 14 continued...
Christ Church Lisburn Notes to the Financial Statements- continued for the Year Ended 31 December 2024 TANGIBLE FIXED ASSETS - contlDued Cost or valuation at 31 December 2024 is represented by.. Freehold property Valuation in 2023 Cost 45,000 675,000 720,000 FIXED ASSET tNVESTMENTS Unlisted investments TrL4RKET VALUE At l January 2024 Revaluations 2,671 At 31 December 2024 2,671 NET BOOK VALUE At 31 December 2024 2.671 At 31 De¢ember 2023 2,671 There were no investment assets outside the UK. Page 15 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 December 2024 FIXED ASSET INVESTMENTS - continued Cost or valuation at 31 December 2024 is represented by: Unlisted investments Valuation in 2022 Valuation in 2023 2,095 576 2,671 10. ]ThVESTMENT PROPERTY FAIR VALUE At l January 2024 Revaluation 575,000 At 31 December 2024 575,000 NET BOOK VALUE At 31 December 2024 575,000 At 31 December 2023 575,000 Fair value at 31 Decembcr 2024 is represented by: Valuation in 2021 Valuation in 2023 Cost 165,000 70,000 340,000 575,000 11. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Prepayments and accrued income Prepayments 49,493 7,559 13,895 6,077 57,052 19,972 Page 16 continued...
Christ Church Lisburn Notes to the Financial Statements- continued for the Year Ended 31 December 2024 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE TrTAR 31.12.24 31.12.23 Taxation and social security Otlier creditors 4,779 3,630 3,085 2,016 8,409 5,101 13. MOVEMENT LN FtINDS Nel movement in fi]nds Transfer5 bettveen funds At 31.12.24 At l.1.24 Unrestricted funds General Fund General Revaluation Fund 1,025,337 475,000 (23,655) 194,097 195 000) 1,195,779 280.000 Restricted funds Renovation Fund Missfftonary Fund Acorn Club Bowling Club Clioir Craft Club Hill Walkers KLIC - Sunday School Tots Together Uganda Fund Youtli Fund Development fund 1,500,337 (23,655) (903) 1,475,779 28,531 200 1,31 I 2,074 998 412 1,881 (753) (486) 317 (308) 16 30,412 553 825 2,391 705 428 15 (i) 21 1,463 7,373 20,740 710 {335) 21 1,350 7,982 13,590 710 609 (7,150) Endowment funds CIT Unit Trust 63.834 (6.322) 902 58,414 3,185 61 3,247 TOTAL FUls 1567.356 29,916) 1.537,440 Page 17 continued...
Christ Church Lisburn Notes to the Financial Statements- eontinued for the Year Ended 31 December 2024 13. MOVEMENT JIY FtJNDS - continued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds Gei)eral Fund General Revaluation Fuiid 218,807 (242,462) (23,655) Restricted funds Renovation Fund Misstoiiary Fund Acorn Club Bowling Club Choir Craft Club KLIC - Sunday School Tots Together Ugai)da Fund Youth Fund Development Fund Parochial Endowment 218,807 (242,462) (23,655) 18,880 11,337 185 656 (16,999) (12,090) (671) (339) (308) (488) (335) (907) (312) (10,435) 1,881 (753) (486) 317 (308) 16 (335) (113) 609 (7,150) 504 794 921 3,285 16,612 (16.612) Endowment funds CIT Unit Trust 53,174 (59,496) (6,322) 61 61 TOTAL FUNDS 272,042 301,958) 29 916) Page 18 continued...
Christ Church Lisburn Notes to the Financial Statements - continued for the Year Ended 31 Deeember 2024 13. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movetnent in funds Transfers between funds At 31.12.23 At 1.1.23 Unrestricted funds General Fund General Revaluation Fund 1,080,880 230 000 (50,075) 245,000 (5,468) 1,025,337 475,000 Restricted funds Renovation Fund Missionary Flind Acorn Club Bowling Club Cl?oir Craft Club Hill Walkers KLIC - Sunday School Tots Together Uganda Fund Youtli Fund Development Fund 1,310,880 194,925 (5,468) 1,500,337 13,872 503 1,337 2,398 1,171 750 14,659 (5771) (26) (324) (173) (338) 28,531 ?00 1,311 2,074 998 412 5,468 21 1,463 7,373 20,740 710 1541 6,640 (78) 733 20,740 710 Endowment funds crr Unit Trust 28,216 30,150 5,468 63,834 2,365 820 3,185 TOTAL FUNDS 1,341,461 225,895 1,567.356 Page 19 continued...
Christ Church Lftsburn Notes to the Financi21 Statements- continued for the Year Ended 31 December 2024 13. MOVEMENT IN FUNDS - continued Comparative net movement in fiinds, included in the above are as follows-. Incoming resource5 Resources expended Gains and Movement losses in funds Unrestricted funds General Fund General Revaluation Fund 156,119 (206,194) (50,075) 245.000 Restricted funds Renovation Fund Missionary Fund Acorn Club Bowling Club Choir Craft Club KLIC - Sunday Scliool Tots Together Uganda Fund Youth Fund Development Fund 64,265 10,415 228 1,010 (49,006) (16,186) (254) (1,334) (173) (888) (165) (1,072) (10,911} (1,335) 14,659 (5,771) {26) (324) (173) {338) 18 (78) 733 20,740 710 550 183 994 11,644 22,075 I,iio 112,474 Endoivment funds CIT Unit Trust (82,324) (30,150) 244 576 820 TOTAL FUNDS 268,837 288,518) 245,i76 225,895 Page 20 continued...
Christ Church Lisburn Notes to the Financial Statemellts - continued for the Year Ended 31 December 2024 13. MOVEMENT tN FUNDS - continued A current year 12 months and prior year 12 months combined position 15 as follows.. Net movement n funds Transfers between funds At 31.12.24 Atl.1.23 Unresiricted funds General Fund General Revaluation Fund 1,080,880 230,000 (73,730) 245,000 188,629 195,000) 1,195,779 280 000 1,310,880 Restrieted funds Renovation Fund Missionary Fund Acorn Club Bowlin(Y Club Choir Craft Club Hill Walkers KLIC - Sunday School Tots Together U(yanda Fund Youth Fund Development Fund 171,270 (6,371) I,475,779 13,872 503 1,337 2,398 1,171 750 16,540 (6,524) (512) (7) (481) (322) 30,412 6,021 825 2,391 70) 428 15 (i) 335 (317) (191) I,342 13,590 710 21 1,3iO 7.982 13,590 710 1,541 6,640 28,216 Endowment funds CIT Unit Trust 23,828 6,370 58,414 2,365 881 3,247 TOTAL FtINDS 1,341.461 195.979 1.537,440 Page21 continued..-
Christ Church Lisburn Notes to the Finalleial Statements - continued for the Year Ended 31 December 2024 13. MOVEMENT JI¥ FUNDS - continued A current year 12 months and prior year 12 moliths combined net Inovemeiit iii funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds GeneTal Fund General Revaluation Fund 374,926 {448,656) (73,730) 245,000 245 000 Restricted funds Renovation Fui)d Missionary Fund Acorn Club Bowling Club Choir Craft Club KLIC - Sunday School Tots Tooether Uganda Fund Youth Fund Dev¢lopment Fund Parochial Endowment 374,926 (448,656) 245,000 171,270 83,145 21,752 413 1,666 (66,605) (28,276) (925) (1,673) (481) (1,376) (500) (1,979) (11,223) (11,770) (400) 16,612} 16.540 (6,524) (512) (7) (481) (32?) (317) (191) 1,342 13.590 710 1,054 183 1,788 12,565 25,360 1,110 16,612 165,648 Endowment funds CIT Unit Trust (141,820) 23,828 305 576 881 TOTAL FUNDS 540.879 590.476) 245.576 195,979 14. RELATED PARTY DISCLOSURES Trustee remuneration and expenses are detailed IJR Note 5. These are deemed to be related paty transactions. Exc¢pt for these, there were no other related party transactions for the year ended 31 December 2024. Pag¢ 22