Hoty Trinity Parish Church Aghalee ststement of Financial Activities for the Year Ended 31 December 2022 31.12.22 Total funds 31.12.21 Total funds Unrestricted Restricted fund funds Notes INCOIVIE AND ENDOWMENTS FROM Donations and legacies 81.764 20,201 101.965 279.283 Investment income Other income 1,600 5.938 1.600 6,104 1,795 8,239 166 Total 89,302 20,367 109.669 289,317 EXPENDTTURE ON Charitable activities Direct costs Support costs 105,281 5,663 37.092 142,373 5.663 290,839 3.964 Totsl 110,944 37.092 148,036 294,803 NET INCOMEI(EXPENDITifRE) (21,642) (16.725) (38,367) (5,486) RECONcILTION OF FUNDS Total funds brought fonvard 103,515 67.866 171,381 176,867 TOTAL FUNDS CARRIED FORWARD 81.873 51.141 133,014 171,381 The notes form part of these financial statements Page 9
Holy Trinity Parish Church Aghalee Balance Sheet 31 December 2022 31.12.22 Total funds 31.12.21 Total funds Unrestricted fund Restricted funds Notes CURRENT ASSETS Cash at bank and in hand 81.873 51,141 133,014 171.381 NET CURRENT ASSETS 81.873 51.141 133,014 171,381 TOTAL ASSETS LESS CURRENT LIABILITIES 81,873 51,141 13i,014 171.381 NET ASSETS 81,873 51,141 133.014 171,381 FUNDS Unrestricted funds Restricted funds 81.873 51,141 103,515 67.866 TOTAL FUNDS 133,014 171,381 The financial statements were approved by the Board of Trustees and auth0ri5ed for issue on 7 February 2023 and were signed on its behaIf by: Rev Paul McAdatn - Trustee The notes fom] part of these fmancial statements Page 10
Hoty Trinity Parisb Chureh Aghalee 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 CharTties: Statement of Recommended Practice applicable to charities preparino 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 Standd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Chariiies Act (Northem Ireland) 2008. The fmancial statements have been prepared under the historical cost convention. Ineome and expenditure All items of income and expenditure recognised in the Statement of Financtal Activities have been accounted for on a cash receipts b&sis. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted PUTposes. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pcnsion scheme are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 31.12.22 31.12.21 FWO offering Loose offering Gift aid Grnnts Special Collections Harvest Sundry income Development fund income Other donations New Project Income 50,111 723 11.203 16.742 49,326 464 9,694 40,664 269 8,420 1.578 16,544 34,710 117,614 7,480 660 14,349 358 339 101.965 279,283 Pagell continued...
Holy Trinity Parish Chureh Aghalee Notes to the Financial Statemellts- eontinued for the Year Ended 31 December 2022 DOIYATIONS AND LEGACIES- continued Grants received. included in the atM)ve. are as follows: 31.12.22 31.12.21 Small grants Education Grant Listed Places of Worship Grdnt Schetne 1,510 9.787 5,445 5,073 35,591 16.742 40,664 INVESTMENT INCOME 31.12.22 31.12.21 Rents received Deposit account Interest 1,350 250 1,350 445 1,600 1,795 TRUSTEES, RE1UNERATIoIY AND BENEFrrs 31.12.22 31.12.21 Trustees, salaries Trustees, social security Trustees, pensio paid 40,701 4,176 3.110 39,730 3.930 3.020 47.987 46,680 Trustees, expenses There were no trustees, expenses paid for the y&2r ended 31 Decetnber 2022 nor for the year ended 31 December 2021. srAFF COSTS The average monthly number of employees during the year was as follows: 31.12.22 31.12.21 Pastoral No employees received emoluments in excess of £60,000. Page 12 contittued...
Holy Trinity Parish Church Aghalee Notes to the Financial Statements- continued for the Year Ended 31 December 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfIvTTIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 109,534 169,749 279,283 Investment income Other income 1,795 8.239 1.795 8,239 Total 119.568 169.749 289,317 EXPENDuRE ON Charitable activities Direct costs Support costs 87,771 3,964 203,068 290,839 3,964 Total 91,735 203,068 294,803 NET INCOMEI(EXPENDITURE) 27.833 (33,319) (5,486) Transfers betweeD funds (10,582) 10.582 Net movement in funds 17.251 (22,737) (5,486) RECONCILIATIO,N OF FUNDS Total funds brought forward 86,264 90,603 176,867 TOTAL FUNDS CARRIED FORWARD 103,515 67,866 171,381 Page 13 continued...
Holy Trinity Parish Church Aghalee Notes to tbe Financial Statemellts - continued ror the Year Ended 31 December 2022 MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.12.22 At 1.1.22 Unrestricted funds General fund 103,515 (21.642) 81,873 Restricted funds Development fund New project fund Coffee bar Ladies fellowship Bowling Club Mums and Tots 20.940 40.644 4,235 948 1,062 37 14,349 (31,242) 167 67 (66) 35,289 13,402 402 1,015 996 37 4,000 (4.000) 67,866 (16,725) 51,141 TOTAL FUNDS 171.381 {38,367) 133,014 Net movement in fids, included in the above are &$ follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fund 89,302 (110.944) (21,642) Restrieted ndS Development fund New project fund Coffee bar Ladies fellowship Bowling Club 14.349 5,784 167 67 14,349 (31,242) 167 67 (66) (37,026) (66) 20,367 (37,092) (16,725) TOTAL FUNDS 109,669 (148.036) (38,367) Page 14 continued...
Holy Trinity Parish Church Aghalee Notes to the Financial Statements- continued for the Year Ellded 31 December 2022 MOVEMENT IN FUNDS - eontinued Comparatives for moveDient in funds Net tnovement in funds Transfers b¢tween funds At 31.12.21 Atl.1.21 Unrestricted funds Generdl fund 86.264 27,833 (10,582) 103,515 Restricted funds Development fund New project fund Choir Coffee bar Ladies fellowship Bowling Club Mums and Tot5 59,588 24.483 250 4.235 948 1,062 37 16,545 (49,614) (250) (55,193) 65,775 20,940 40,644 4,235 948 1,062 37 90,603 (33,319) 10,)82 67,866 TOTAL FUNDS 176,867 (5,486) 171,381 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 119.568 (91,735) 27,833 Restricted funds Development fund New project fund Choir 16.545 153,204 16,545 (49,614) (2iO) (202,818) (250) 169.749 (203,068) (33.319) TOTAL FUNDS 289.317 (294,803) (5,486) Page 15 continued...
Holj Trinity Parish Church Aghalee Notes to the Financial Ststements- continued ror the Year Ended 31 December 2022 MOVEMENT IN FUNDS - continued A cuent year 12 tnonths and prior year 12 months combined position is as follows: Net tnovement in funds Transfers between funds At 31.12.22 At 1.1.21 Unrestricted funds Generdl fund 86,264 6.191 (10,582) 81,873 Restricted funds Development fund New project nd Choir Coffee bar Ladies fellowship Bowling Club Mums and Tots 59.588 24,483 250 4.23) 948 1.062 37 30.894 (80,856) (250) 167 67 (66) (55,193) 69,775 35.289 13,402 (4,000) 402 1,015 996 37 90.603 (50,044) 10,582 51,141 TOTAL FUNDS 176.867 (43,853) 133,014 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 Movement in funds Unrestricted funds General fund 208,870 (202,679) 6,191 Restricted flln(ts Development fund New project fund Choir Coffee bar Ladies fellowship Bowling Club 30.894 158,988 30,894 (80,856) (250) 167 67 (66) (239.844) (250) 167 67 (66) 190.116 (240,160) (50,044) TOTAL FUNDS 398.986 (442.839) (43.853) Page 16 continued...