2023-12-31-annual-return

Charity registration number 101734

LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	Mr E Beattie
	Mr J Armstrong
	Mrs I Armstrong
	Mr A Beattie
	Mr S Boyd
	Mrs I Graham
	Mrs T Hull
	Mr L Jarvis
	Mr J McCullough
	Mr M Moulds
	Mrs H Neagle
	Mr K Teague
	Rev A McAlister
	Mrs J Green
	Mrs C Ross
	Mrs N B Babb
	Mr C Ross	(Appointed 5 April 2023)
Charity number	101734
Principal address	The Rectory
	20 Derriaghy Road
	Derriaghy
	Lisburn
	BT28 3SH
Independent examiner	Moore Braniff
	2 Beechill Business Park
	96 Beechill Road
	Belfast
	Northern Ireland
	BT8 7QN
Bankers	Danske Bank Lisburn
	62-66 Bow Street
	Lisburn
	BT28 1YS

LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

CONTENTS

	Page
Trustees' report	1 - 4
Statement of trustees' responsibilities	5
Independent examiner's report	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 20

LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees presents it’s annual report and Unaudited Financial Statement of Accounts, Assets and Liabilities for Derriaghy Parish Christ Church and St. Andrew's, (hereafter referred to as Derriaghy Parish), for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Parish's constitution, the Charities Act 2008 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charitable purpose of the Church of Ireland is the advancement of religion.

The principal function of Derriaghy Parish is to support the advancement of the Christian religion by promoting, through the work of Derriaghy 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 for those needing help are fundamental to the practical delivery of the benefits of Christianity.

As a result of activity in the pursuit of the advancement of the Christian religion, Derriaghy 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 Derriaghy Parish.

The trustees has paid due regard to guidance issued by the Charity Commission in deciding what activities the Parish should undertake.

Achievements and performance

The Parish has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the undertakings entered into during the year have helped to achieve the Parish’s objectives and activities, as well as providing public benefit. The following sets out the Achievements, Performance and Public Benefit in 2023.

All the functions of the Parish relate to the advancement of religion through holding regular worship, and caring for parishioners and others in the local community.

The arrangements for Sunday worship in Derriaghy Parish are as follows. A decrease in numbers and with regard to the aging populace it was also felt that the number of evening services should be reduced and is now as announced.

Christ Church, Derriaghy

· 10:30 a.m. Morning Prayer (Holy Communion on the first Sunday of the month) (Evening service as announced) · 12:00 p.m. Morning Prayer (Holy Communion on the first Sunday of the month) (Evening service as announced)

St. Andrew’s, Colin

Services of Divine Healing take place at the discretion of the Rector.

In 2023 there were a number of Baptisms, Confirmation Candidates, Weddings and Funerals including burials and interments of ashes in the grave yard. The numbers can vary from year to year.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Pastoral visiting takes place throughout the year, by the Rector, by the clergy assisting him from time to time, and by those parishioners who volunteer to take part. Visiting takes place in people's homes or in sheltered dwellings (nursing homes, residential homes etc.) and also in hospitals and hospices. Parishioners would also be visited at times of bereavement, as well as at times of planning for baptisms, weddings etc. Parishioners or others may contact the Rector to request pastoral counselling. The Rector would also witness applications for passports, driving licenses etc., from time to time, as requested, not only for parishioners but also for other members of the community known to him.

Parish organisations meeting from time to time on Parish premises are as follows: Mothers' Union, Bible study class, Scouts, Cubs, Beavers, Squirrels. There is also an adult choir in each church. These organisations are open to members of the community generally.

A Mums & Tots group has been started in the Parish Hall for pre-school children and is open to all within the local community and surrounding area. This group meets one morning per week

The Parish Hall is used at times throughout the year by local community groups such as Bowling Club, Pilates classes, Education Authority’s local youth programme. We also use parish premises for Parish fund raising events such as concerts, quiz nights summer fete, Christmas Fair etc which are all open to the general public

Public Benefit

The expression of the precepts of the Christian religion through engagement with the general public, and in particular with the disadvantaged, the sick, the elderly and the young, is a public benefit, which activities such as those described above relate to.

This can be measured and evidenced through increased social integration and pastoral care delivered at the point of need. The direct benefit of participation in Church life includes the enjoyment of public worship and the giving and receiving of pastoral ministry, improved understanding of the values relating to civic engagement, community cohesion and providing a bridge between diverse groups, as well as improved educational outcomes through the Church's ministry of teaching. The beneficiaries are the general public, and the public valuation of the benefits can be evidenced through attendance at public worship, participation in Church governance and willingness to support through contributions the continuing witness of the Church. The wider benefit to the public will outweigh any detriment arising in the course of Christian outreach. Any private benefit arising out of the fulfilment of our Christian ministry, to lay staff, is essential to the fulfilment of the purpose of the advancement of religion. No Trustee receives remuneration, reward or other private benefit for carrying out their Trustee responsibility. The principal function of the 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 for those needing help is fundamental to the practical delivery of the tenets of Christianity. As a result of activity in pursuit of the advancement of the Christian religion, the parish has custody of a large body of records, materials and artefacts of significance to the cultural heritage, the maintenance of which is undertaken by the parish as a secondary charitable purpose. The parish also has custody of and responsibility for the maintenance of several buildings. One of these is the Parish Church, Christ Church, Derriaghy, a Grade A listed building, opened for worship in 1872. The provision of access to records, public enjoyment of cultural and historic buildings and artefacts, such as church plate, furnishings and materials, as well as an overall improved appreciation of longstanding Christian heritage, is a public benefit. This is demonstrated through ongoing provision of access to records and the use made of these records in, for example, research and genealogy, through conservation efforts in respect of records, property and artefacts, and the subsequent and continued requests for access to use of our materials by wider society. There is no harm arising from the purpose. The beneficiaries are the general public. No private benefit is received by trustees fulfilling their trustee responsibilities in respect of these records, buildings or artefacts, but in the course of conservation, and to make them accessible to the public, the engagement of professional staff and services is essential but incidental to the fulfilment of the purpose.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

Total income for the year was £134,424 (2022: £144,254) with total expenditure of £145,503 (2022: £149,647), some investments were revalued providing a surplus of £651 giving an overall deficit being incurred of £10,428 (2022: £6,835).

Funds held in the parish bank accounts at the year end totalled £255,893 (2022: £261,929).

It is the policy of the Parish that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Parish’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees have assessed the major risks to which the Parish is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

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 statements for the year ended 2023 can be signed off as a going concern.

Structure, governance and management

Governing Document and Constitution of the Charity

Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees.

The members of the trustees who served during the year and up to the date of signature of the financial statements were: Mr E Beattie

Mr J Armstrong Mrs I Armstrong Mr A Beattie Mr S Boyd Mrs I Graham Mrs T Hull Mr L Jarvis Mr J McCullough Mr M Moulds Mrs H Neagle Mr K Teague Rev A McAlister Mrs J Green Mrs C Ross Mrs N B Babb Mr C Ross Mr G Fell

(Appointed 5 April 2023) (Resigned 31 May 2023)

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

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 congregation for at least three months, may register as members of the General Vestry of the #cy3, allowing them to attend and vote at meetings of the General Vestry and to stand for election to the Select Vestry. Meetings of the General Vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry 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 terms which may be served.

Organisational Structure

The Select Vestry is responsible for the day to day management of the Parish. The Select Vestry consists of the member of the clergy serving in the Parish, any curate assistant (when in post), the churchwardens, the glebe wardens and generally not more than twelve other members of the General Vestry elected at the general vestry.

The Select Vestry is chaired by the incumbent or other member of the clergy officiating in the Parish. Select Vestry members are responsible for making decisions on matters of general concern and importance to the Parish including deciding how parish funds are to be applied.

The Select Vestry meets at times fixed by the members, normally the first. Monday each month except July and August.

A Finance Committee consisting of Select Vestry members was established to assist the Church and Treasurer in respect to the Church's finances.

Special meetings may be convened at any time by the Chair person or the Church Warden.

Pay and Remuneration

The Incumbent of the Parish, the Rev Aaron McAlister, appointed October 2019, receives stipend, office and locomotory allowances, paid directly by the parish and subject to PAYE. The gross figure for 2023 was £45,388 (2022: £42,629) in accordance with figures approved by the General Synod of the Church of Ireland.

The trustees' report was approved by the Trustees.

.............................. Rev A McAlister Trustee Dated: .........................

.............................. Mrs J Green Trustee Dated:.........................

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees is responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Parish and of the incoming resources and application of resources of the Parish for that year.

In preparing these financial statements, the trustees is required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees is responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Parish and enable it to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. It is also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

I report to the trustees on my examination of the financial statements of Lisburn/Derriaghy/Christ Church & St.Andrew's/ Connor/Church of Ireland (the Parish) for the year ended 31 December 2023.

Responsibilities and basis of report

As the trustees of the Parish you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northern Ireland) 2008 (the 2008 Act).

I report in respect of my examination of the Parish’s financial statements carried out under section 65 of the 2008 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission Northern Ireland under section 65(9)(b) of the Charities Act 2008.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• 1 accounting records were not kept in respect of the Parish as required by section 63 of the 2008 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Moore Braniff

2 Beechill Business Park 96 Beechill Road Belfast BT8 7QN Northern Ireland

Dated: .........................

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted Restricted funds funds 2023 2023 Notes £ £ Income and endowments from: Donations and legacies 3 98,131 - Other trading activities 4 12,298 - Investments 5 20,666 - Other income 6 2,999 330 Total income 134,094 330 Expenditure on: Charitable activities 144,865 330 Other 10 308 - Total expenditure 145,173 330 Net gains/(losses) on investments 11 335 316 Gross transfers between funds - - Net movement in funds (10,744) 316 Fund balances at 1 January 2023 186,120 711,935 Fund balances at 31 December 2023 175,376 712,251	Total Unrestricted Restricted funds funds 2023 2022 2022 £ £ £ 98,131 108,631 - 12,298 14,005 - 20,666 17,447 - 3,329 2,739 1,432 134,424 142,822 1,432 145,195 127,311 22,045 308 291 - 145,503 127,602 22,045 651 (740) (702) - 108,506 (108,506) (10,428) 122,986 (129,821) 898,055 63,134 841,756 887,627 186,120 711,935	Total 2022 £ 108,631 14,005 17,447 4,171 144,254 149,356 291 149,647 (1,442) - (6,835) 904,890 898,055

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

BALANCE SHEET

AS AT 31 DECEMBER 2023

2023 Notes £ Fixed assets Tangible assets 13 Investment properties 14 Investments 15 Current assets Debtors 16 21,512 Cash at bank and in hand 255,893 277,405 Creditors: amounts falling due within one year 17 (4,051) Net current assets Total assets less current liabilities Income funds Restricted funds 18 Unrestricted funds The financial statements were approved by the Trustees on ......................... .............................. .............................. Rev A McAlister Mrs J Green Trustee Trustee	£ - 593,792 20,481 614,273 273,354 887,627 712,251 175,376 887,627	2022 £ 21,042 261,929 282,971 (3,539)	£ 5,000 593,792 19,831
			618,623 279,432
			898,055
			711,935 186,120
			898,055

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

Lisburn/Derriaghy/Christ Church & St.Andrew's/Connor/Church of Ireland is a a member of the Church of Ireland.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Parish's constitution, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Parish is a Public Benefit Entity as defined by FRS 102.

The Parish has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Parish. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees has a reasonable expectation that the Parish 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 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.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Parish.

1.4 Income

Income is recognised when the Parish 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 Parish 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 Parish 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.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenses are recognised when the Parish is legally entitled to pay them after any performance conditions have been met and the amounts can be measured reliably.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

33.33% 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 Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.8 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.9 Impairment of fixed assets

At each reporting end date, the Parish 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).

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The Parish has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Parish's balance sheet when the Parish becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Parish’s contractual obligations expire or are discharged or cancelled.

1.12 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 Parish is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the Parish’s accounting policies, the trustees is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

3	Donations and legacies
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		£	£
	Donations and gifts	73,299	68,371
	Gift Aid, graveyard receipts and other donations	24,832	40,260
	Grants receivable for core activities
		-	-
4	Other trading activities
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		£	£
	Fundraising events	12,298	14,005
5	Investments
		Unrestricted	Unrestricted
		funds	funds
		2023	2022
		£	£
	Rental income	19,261	16,925
	Interest receivable	1,405	522
		20,666	17,447

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

6 Other income

Unrestricted Restricted Total funds funds 2023 2023 2023 £ £ £ Special donation receipts 2,999 330 3,329 For the year ended 31 December 2022 2,739 1,432 Support costs Support costs Governance costs 2023 Support costs Governance costs £ £ £ £ £ Staff costs 85,530 - 85,530 73,546 - Depreciation 5,000 - 5,000 5,449 - Diocesan costs and assessments 15,333 - 15,333 21,468 - Church and Hall maintenance 11,167 - 11,167 12,117 - Church and Hall heat and light 6,427 - 6,427 10,660 - Church and Hall rates and insurance 8,094 - 8,094 7,040 - Administration 7,431 - 7,431 8,570 - Graveyard costs 3,271 - 3,271 3,512 - Charitable and miscellaneous donations 1,549 - 1,549 465 - Accountancy - - - - 840 Rental property costs - 1,393 1,393 - 5,689 143,802 1,393 145,195 142,827 6,529 Analysed between Charitable activities 143,802 1,393 145,195 142,827 6,529	Total 2022 £ 4,171
	4,171
	2022 £ 73,546 5,449 21,468 12,117 10,660 7,040 8,570 3,512 465 840 5,689
	149,356
	149,356

7 Support costs

No for audit fees have been incurred as the Parish is currently exempt from an audit.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but 6 of them were reimbursed a total of £2,145 for transactions paid for on behalf of the Parish (2022- 4 were reimbursed £4,452).

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

9 Employees

The average monthly number of employees during the year was:

	2023	2022
	Number	Number
	5	5
Employment costs	2023	2022
	£	£
Wages and salaries	85,530	73,546

There were no employees whose annual remuneration was more than £60,000.

10 Other

					Unrestricted	Unrestricted
					funds	funds
					2023	2022
					£	£
Financing costs					308	291
					308	291
Net gains/(losses) on investments
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2023	2023	2023	2022	2022	2022
	£	£	£	£	£	£
Revaluation of investments	335	316	651	(740)	(702)	(1,442)

11 Net gains/(losses) on investments

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

13	Tangible fixed assets
		Computers
		£
	Cost
	At 1 January 2023	16,349
	At 31 December 2023	16,349
	Depreciation and impairment
	At 1 January 2023	11,349
	Depreciation charged in the year	5,000
	At 31 December 2023	16,349
	Carrying amount
	At 31 December 2022	5,000
14	Investment property
		2023
		£
	Fair value
	At 1 January 2023 and 31 December 2023	593,792

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

14 Investment property

(Continued)

The assets of the Parish, retained for its own use comprise:-

• Christ Church Building, Graveyard and Quin Hall

• St. Andrew’s Church

• Parish Centre

• Glebe House

• The Curate’s Bungalow at St Andrew’s

• The Old Principal’s House - 53

• The Old Teacher’s House -55

• Glebe Land

• Fixtures and fittings

Christ Church Building, Graveyard and Quin Hall are deemed to be Heritage assets as defined by the Charities SORP (FRS102). Christ Church was built in 1872 and is a Grade “A” listed Heritage building. The Graveyard has been in known use from around the 17[th] Century, but it is thought that interments precede this date. The Quin Hall located in the graveyard dates from 1956 and St. Andrew’s Church was built in 1957.

These Heritage assets are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the Parish.

The Parish Centre was built 1965. There are no reliable records of the cost of this construction and the valuation approach for such a building lacks sufficient reliability. As a result this building is not recognised in the Parish Balance Sheet.

The Glebe House is recognised at construction cost of the property at 1992. No depreciation has been provided on the Glebe House as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.

The Curate’s Bungalow at St Andrew’s was constructed in 1961 and is vested in the RCB. As there are no reliable cost of construction the deemed cost is based on the market value.

The Old Principal’s House - 53 was built in the late 1800s. As there are no reliable cost of construction the deemed cost is based on the rateable value.

The Old Teacher’s House - 55 was built in the late 1800s. As there are no reliable cost of construction the deemed cost is based on the rateable value.

Glebe Land the value has been based on regional agricultural land costs and is vested in the RCB. See statement of Assets & Liabilities.

Fixtures and Fittings are recognised at cost and are depreciated on a straight line basis over a period of 5 to 20 years dependent on type of asset. Those Fixtures and Fittings which can appreciate in value will be valued at current market valuation. The pipe organ in Christ Church, a grade “A” listed building, has not been included in the fixtures and fittings as it is considered to be an integral part of the Church building. The Parish has set a minimum threshold of cost for an item to be considered to be capitalised as a fixed asset of not less than £1,000.

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

14 Investment property

(Continued)

The value of the assets of the Parish included in the Balance Sheet are as follows:-

£ Glebe House 107,000 The Curate’s Bungalow at St Andrew’s 130,000 The Old Principal’s House - 53 135,000 The Old Teacher’s House -55 120,000 Glebe Land 51,792 Fixtures and fittings 50,000 ------------ TOTAL VALUE 593.792 ======== Freehold Long leasehold Short leasehold 15 Fixed asset investments Cost or valuation At 1 January 2023 & 31 December 2023 Carrying amount At 31 December 2023 At 31 December 2022 16 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income	2023 2022 £ £ 593,792 593,792 - - - - Listed investments £ 19,831 19,831 19,831 2023 2022 £ £ 15,600 15,600 5,912 5,442 21,512 21,042	2022 £ 593,792 - -
		19,831
		19,831
		2022 £ 15,600 5,442
		21,042

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security Accruals and deferred income	2023 £ 3,211 840 4,051	2022 £ 2,699 840
		3,539

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

	Balance at	Resources	**Transfers **	Revaluations,		Balance at	**Transfers **	Revaluations,	Balance at
	1 January 2022	expended		gains and	1	January 2023		gains and	31 December
				losses				losses	2023
	£	£	£	£		£	£	£	£
Spire refurbishment fund	(222,915)	-	222,915	-		-	-	-	-
HLF grant	236,740	-	(236,740)	-		-	-	-	-
Assets retained for Parish's own use	593,792	-	-	-		593,792	-	-	593,792
Investments in RCB/CIT Unit Trusts	10,339	-	-	(702)		9,637	-	316	9,953
Business investment fund	223,800	(6,788)	(108,506)	-		108,506	(85,000)	-	23,506
Progressive Building society account	-	-	-	-		-	85,000	-	85,000
	841,756	(6,788)	(122,331)	(702)		711,935	-	316	712,251

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LISBURN/DERRIAGHY/CHRIST CHURCH & ST.ANDREW'S/CONNOR/CHURCH OF IRELAND

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

19 Analysis of net assets between funds Unrestricted funds Restricted funds 2023 2023 £ £ Fund balances at 31 December 2023 are represented by: Tangible assets - - Investment properties - 593,792 Investments 10,528 9,953 Current assets/(liabilities) 164,848 108,506 175,376 712,251	Total Unrestricted funds Restricted funds 2023 2022 2022 £ £ £ - 5,000 - 593,792 - 593,792 20,481 10,194 9,637 273,354 170,926 108,506 887,627 186,120 711,935	Total 2022 £ 5,000 593,792 19,831 279,432
		898,055

20 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

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