Company 10n nuD]ber: N1607689 ChaTity ry5traÉion nwthr. NIC101827 Trinity Church Belfast (A company limited by guarantee) foT the Ye•r Ended 30 June 2023 D T Carsort & Co 51-53 Thomas Street Ballymena Co Antrlm BT43 6AZ
Trinity Church Belfast Contents Tntees, Report 2to7 Independent Examinerfs Report Statement of Fina121 Activities Balance Sheet io Notes to the Financial Statements llto21
Trinity Church Belfast Reference and Administrative Details Thistees Nancy Eagleson Chenyl Eli7abeth Graham Peter Sutherland Wi]ki¢ Yuming Liu Senior M*n#gement I lthership I£e Eagleson. General Secretary Team Charlty Registratiott 14uDther NIC101827 Company Registrntion Number N1607689 The clwity is incorWed in Northern Ir¢]and. 43 BIistol Avejn Reglstered Office BT15 4AJ Principal Offiee Belfast BT15 3LG Independent Examiner D T Carson & Co 51.53 Thonus Street Ballymena BT43 6AZ Page I
Trinity Church Belfast Trustees. Report The trustees, who are directors for the pur of company law, present the annual report together with the financial statements of the ¢haritsble conwany for the year ended 30 June 2023 which are also prepared to meet Ibe requirements for a directots, wort and ac¢ouJts for Companies Ad 2006 puseS. The financial slatements comply with the CIMrities Act 2008, the Compatii&s Act 2006. the Memoranthun aThd Articles of AssociatirnL and A¢counting and Reporting by CbaTiti¢s: Statement of Recommended Pra¢ti¢e applicable to charities preparing their accounts in accordance with the Financial R¢EX)rting Standard applicablc in the UK and Republic of Ireland IFRS 102) (effective l January 2019). Objectives and activities Objects and aims Th¢ Charity is established for clwitable purposes only. specifically the advancetnent of R¢ligion (specifically the Christian Faith). th¢ advanwnent of education, the advaTent of CnnUnity devclopmenL and the improvement of the bolistic life of communities in Northern trelan(L The Chatity changed its name from Urban Mission Jnitiative5 to Trinity Clmwch Belfast rfcB J on 28 April 2022. The charity achieves its objectives through initiativas including (but not limited to): (i) Resourcing and facilitstion of the local church kno as Trinity Church BelfasL (li) Raising awareness and understanding of Evangelical Christian beliefs and practices. (lll) Carrying out mi&8ionary and outreach work within the local couununity area served by the Trust and wider (iv) The fOrntion of new ¢hurelies and associated initiatTves" (v) The sUPPOrt of comtnunity tTaDsfornMtion enteorise5 within the local community area scrY by the Tnt and wider afield. and (vi) Holding of regular public worsbip servi& The clwity seeks to." l. Provide management and accoulltability structures for planning, IolleL fllwicial and nwketing ventures associated with church planting. 2. Educate and aid existing cburch comrnunities and or8an1sati0 in the principles of clwrch planting. 3. Conduet both religio% and non-re]igious events and Servic to forni contacts and connections within urban centre dwellers and users. 4. Produce a lasting church planting cornmitment within planted churches. 5. Establish and improve education and trdilliDg programmes to support existsDg clJvr¢hes in their church planting with expertise, oversight and finance. 6. Initiat¢, support and sustain ¢hur¢h planting networks and llN)vements.
Trinity Church Belfast Trnstees. Report Public benefit Advallcement of Religion TCB prOnteS te2cbin8 from the Word of W the Bil>l4 at worship services at churches planted by TCB ('TCB CINches?. with services open to all members of the public. We also promote the development of existing believers at TCB Churches. helping them to understand the ClSi]all faith more deeply, and how the Gospel is trdnsfornutive of every asp¢ct of life. We eDcourdge individuals to respond to teaching received through prayer, worship and Christian service. The direct benefits which flow from this purpose ate: an improved sense of wellbeing for those attending TCB Churches as they enjoy fellowsbip with otbers and receive teachin& and the promotion of Christian values for the benefit of individuals. church¢q and communities. The indirect benefits which flow from this purp include the mornl improvement in so¢iety as a whole whi¢h religion is considered to encourdge. Advancement of Edu¢ation We promote teaching about Evangelical Christian beliefs in TCB Churche4 pmclaiming the Gospel of Jesus ChrisL Th¢ direct benefits which tlow from this purpose are spirituaL moral and intellectual developmen¢ through teaching of the Bible. of members of TCB chUbe$ and the public, and the development of individual skills and capabilities of Chur¢b members wbo are itivolved in tea¢bing and mirristy at public worsbip services. Advancement of Community Development TCB seeks to reach out into the local eommunitia in which its churches are base4 and to be viewed as being open to all sectors of the community. We seek to trans the ttaditional Protestant and Catholi¢ divide existing in Northern treland. The direct benefits which flow from this pU08C ate: the encouragement of those who live ill tbe locality of TCB Churches &s they partlcipate in activities organised by the Churches. and the provision of practical lStanCe such as food and clothin8 to those who may be in need. The organisation's direct beneficiaries ale churches, pard-church organisations and cbarities within the Belfast area who wish to benefit from the church-planting resources and experiellce that TCB offtrs. Communities and society ID gcDetal will also benefit indirectly from the work of TCB &$ new churches are planted and existing hurches strengthened. The benefits listed above will be evidenced through InfoTM feedback from those who make use of TCB'S resources. The trustees ¢onfinn that they have complied with the requirements of the Charities Act (Nortbern Ireland) 2008 to have due regard to the public benefit guidance published by the CIwAty Con)mission for Nortbern Irelan Page 3
Trinity Church Bdfast Trustees, Report Achievements and perfonDAnce ADd plans for future perio¢ts The period l July 2022 to 30 June 2023 Wds the first full year after the coLstitution of Trinity Chur¢h as a church under law. with the new trustees in place. These trustees were forn1 by people who weekly attended our gatherings for worship on a Sunday. We are very small by the standards of most churches but we do not mwure by those standards. We believe that we bave been called to be disciples in our own family networks and to be salt aThd Jight particularly in the area around SOnrtOn Hub. We continued to do so in this peno Blossoms continued to -bed in" to the new b&8e ID Somerton Hub. The incredible support from local people from all walks of life has been phenomenal. We eontinued to help many familie5 over the whole of Belfast but a shift occurred in this period with higher numbers of asylum seekers being referred through our proce&ses. We had a really successful Sumll craft fair at Ihe beginning of July largely organised by the mwns thenly¢s. We also started to pilot Messy chUh alongside ev¢nts at christi and Easter. Chmyl GTalwn Continued to do deputations to various places to rdise aWaTc of the work. We continued to forni relationships within the Sk¢goniel-Glandore area and Lxe Eagleson Iwl several opportunities where he was able to provide pastoral cate. We also Iiad a very good relationship with Peas Park and were able to support their events and of their conllrrity attended ours. We feel that these relationships must not be forced and it will take time to embed into this are& The building continued under the overnll Caff of Cro&wllyer Street EPC and the relationship is good. We need to strengthen those with consideration around the longer tern] fUts¢ of th¢ building. The link with Wellington Presbyterian continued to be supportive. Alistair Bates and Lee Eagleson continued in the 'pulpit excbange., Lee also was able to provide pastoral cover for Wellington during Alistair's times away, and alongsÈde that lo teach missiology iti Timeless Theological Academy in Ballymen& Financially. we are so thankfi tbat G(xl continued to provide our needs ¢v¢n irA the midst of the fitwicial crisis that arose after the invasion of Ukraine. OUT energy costs have spiralled and w¢ had to be more careful around our e of electricity but during the period we coveT¢d the bills. We are thaDkful for our members who ontribut¢d to our Ghurcb and to the many members of the cornmwllty support Blossoms. FID4n¢ial review TCB seeks to comply with best practice in managing the finances of the cIlty. The balance sheet &$ at 30 June 2023 teflected cash at bank of £28,927 (2022: £33,332). The total Net CuTrent Assets at 30 June 2023 were £31,797 (2022: £35.114} and unrestricted reserve5 were £30,041 (2022: £34,I29). Income from clwitable activities and donations for the year totalled £26.662 (2022.. £30,266). Expenditure on charitable activities for the year totalled £28,946 {2022: £27.620). This resulted in a n& deficit of £2284 (2022: net SUTpIus of £2,646). Poll¢y on r&serve$ The charity al lo use their income in fiUth¢ of their objecttves. Page 4
Trinity Church Belfast Trustees, Report Trustees and officers The trustees and officers serving dwing the year and since the year end were &$ follows: Trustees: Andrew Davis (resigned 26 July 2022) Jonathan King (resigned 26 July 2(ll2) Lynda iiatwtt (resigrned 26 July 2022) Nancy Eagleson Pet¢r Sutherfand Willti¢ Yuming Liu Strncturs governance ind maDagenlt Nathre ofgoverning documenl Trinity Church Belfast is a company limited by gUaraTh, incorporated on 2 June 2011 and registered with the Clwities cormnOn for Nothetn ]re]and on l5 April 2015. The clwity is governed by a Memornkn aj Articks of Association and all activities are delivered in accordance with charity and coMnY law. Re¢rnitiAenl and appointhent oflrns¢ees The directors of the company are also cbarity trust¢es for the puy of clwity law. New TTUStees ate recrnited WIK) share the ai]DS of the charity and can be appointed accordingly by approval of the Board. All Tn give their titn¢ voluntarily aDd received no benefits from ¢b2rity. Indudion and IT¥% oflruslees Most trustees are already familiar with the practical WO of Ihe cbarity however if fllrt1 training is required this is provided by the CILty. Arrangementsforselhng key Managejnentpersonnel remuneration Key Management Personnel consist of the Scnior Manager Wh remunerdtion is fixed by the TnL8tees. Organisational structhre The organisation is managed and directed by its Trustees. The TnLStees aTE ele¢ted annually and meet regularly during the year. Page 5
Trinity Church Belfast Trnstees, Report Relationships with related parties Trnstees None of the trust$ have been paid any remunerdtion or received ally other benefits from an emplonct with the charity or a related entity. Ststsment of trnstees, responsinitIeS The trustees (who are a]so the directors of Trinity a)urch Belfast for the puwes of company law) are responsible for preparing the trustces, report and the fuwicial stateMts in accordance with applirable law and United Kingdom Accounting Standards Iunited Kingdom Genera]ly Accepted Accounting Prnctice), including FRS 102 'The Financial Reporting Standard applicable in the UK and Rq)ublic of Ireland". Company law requires the tTUStees to pryare financial statements for each financial year. Under company law the tNstees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incon8 resources and application of resour¢es, including its income and expeDditur4 of the charitable company for that period In prepari these financial ststemeThts, the trllSt are required to: select suilable accounting policies and appty them consistent. obsetve the methLN]s and principles in the Clwities SORP: state Whet1 3pplicable accounting standards, compTising FRS 102 bave been followe& subject to any mateiial departures disclos¢d and explai11 in the fiD3nciai 5tst¢mellts' and prepare the financial statements on the going concern basis uts1 it is inappropriate to presume that the haritable company will continue in business. The trustees ar¢ respoAble for keeping proper accounting records that w disclose with reasonable accuracy at any time the fiDan¢ial position of the ctwitsble company and enable them to ettsu that the fmancial statetnents Comply with the Companies Act 2006. They are also Tesponsible for safeguarding the assets of the ckntable company and hence for taking reasonable s*ps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial infoTmation included on the charitable compan$ webstte. Legislation governing the preparation and dissemination of fitlancial statemeDts may differ from legislation in Oth jurisdictions.
TriDity Church Belfast Trustees, Report Small Companies provision staten*nt Thi5 report has beell prepated in aw)rdance with the stnall compani&s regime under the ComFanies Act 2006. The annual report was apptoved by the Injstees of the clwity on 20 March 2024 and signed on its belMlf by. Nancy Fagleson Trustee
Trinlty Church Belfast Independent Examiner's Report to the trnstees of Trinity Church Bejfast ('the CoD]pany') I report to the charity trustees on the accouDts of the clwity for the year cnded 30 Jun¢ 2023 which aTe set out onpages 91021. ResponsibllitRes and basws of report As the ¢harity's trustees of Trinity Clnw¢h Belfast (and also the directors of the conwaDy for the purposes of company law) you are responsible for the prepardtion of the acwmts in accordance with the requirements of the Companies Act 2006 ('the 2006 Acr.). Having satisfied ySelf that the charity is not rowired to be audited under company law and is eli11C for indepelldent examiDatirn4 it is reSponll1ty to: • examine the accounts under section 65 of the Cbarities Ac¢ . follow the procedures laid down in the General Directions giveD by the Ctwity Commission for Northern IT¢land under 5edion 65(9)(b) of the Clw-ities ACL and . state Wheth particular mattas bav¢ wme to att¢ntio Basls of iDdependent examiner's report I have exarnined your charity accounts as required section 65 of the Chatiti&s Act and my exarniDatson was carried out in accordance with the General Directions given by the Cbarity Commission for Northem Ireland under section 65{9)(b) of the ChaTities ACL My eKgmination included a revivw of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any ullusuai lteD or disclosures in the accounts, and seeknDg explanations from you &8 charity ttvstees concerning any such nuttets. My role is to state whether any nterIal rnattS have rA)me to niy attention giving me cause to believe: l. That accOulg record5 were not kept in a¢dance with section 386 of the Companies A¢1 2006" 2. That the accounts do not accord with those accounting r¢cords' 3. That the accounts do not comply with the accounting Tequirnnents of section 396 of the Compe8 Act 2006 and with tbe methods and principles of tbe Ctwitie5 Ststement of Recoullnellded Practice applicable to charities preparing their accounts ID accoTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; and 4. That there is furtb¢r infornutioD needed for a Proper undeTthdiDg of Ibe accounts to be reached. Indeptndent t7ner'S ststent I have completed my eXamItion aDd have no Concffl in rwt of the matters (l) to (4) listed above. and in connection with following the Directions of the Clwity Corn10n for Nofihern lTelaD I have ft)und no matters that Tequire drawing lo your attentio Mr Edwin Mcla Institute of Chartered Accoun1ants in IrelaJMI D T Catson & Co 51-53 Thomas Street BallJTnena, Co Antrim BT43 6AZ 20 M8rch 2024 Page 8
ststement of Financial Activities for the Year Ended 30 June 2023 Uncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted Restricted funds funds Tot1 2023 Note Income and Endownnts from: Clwitablc activities 18,688 7,974 26.662 Total income 18.688 7.974 26,662 Expendithre on: Charitable activities {22.776) {6.170 (28,946) Totsl expenditure Net (expenditureyincome 22,776) 6.170) (28.946) (4.088 1.804 2,284) Net movement in fid$ (4.088) 1.804 (2.284) Reeonclliation offunds Total funds brought forward Total funds carried forward 34,129 985 35,114 15 30.041 Uorestricted funds 2.789 Restricted fund5 32,830 Total 2022 Income and Endowments from: Charitable activities 26.518 3,748 30266 Total Income 26,518 3.748 30.266 Expenditsre OD: Charitable adivities (23.887) (3.733 27,620) Totsl expenditure 23,887) 3.733) 27,620) Net income Transfers between fimds 2.631 182 15 182 Net nVernent in fijnds 2.449 2.646 Reconciliatlon of fulld5 Totsl fimds brought foThvard 31,680 788 32.468 Total fimds Caled foTward 15 34.129 985 35,114 All of the chaTity¥ activities derive from contAnuiDg ol0S dIDg the above two perioth. The funds breakdown for 2022 is sfftwn in note 15. The notes on pages i i to 21 fornk an inte1 part of these fmancial staternfflts. Page 9
Trinity Church Belfast (Registration number: IY1607689) Balance Sheet as at 30 June 2023 2023 2022 Note Ftsed Tangible assets 1,033 Current aets tkbtOTS Cash at bank and in Iwid 10 3,931 28,927 32,858 4.685 33,332 38,017 Creditors: Amounts f8lling due within one year 12 (1.061 2.903) Net current assets 31,797 35,114 Net assets 32.830 35.114 Funds of the eharity: Restrleted Incon funds Restricted funds 15 2.789 985 UDrestricted in¢ome 30,041 34.129 Totsl fuDds 15 32,830 35.114 For the financial year ending 30 June th¢ ¢Illty vms entitled to exeinption from audit under section 477 of the Cornpanies Act 2006 rctsting to small Comp¢5. DiTe£tors' responsibilities". The membeTS have not required the ¢haTity to obtsin an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsil)ilities for complying wilh the requirnents of tbe Act with respect to accounting records and the prepaTation of accounts. These financial statements have been prepared in accordance with the special provislons relating to companies subject to the small companies within Part 15 of th¢ Companies Act 2006. The financial statements on pages 9 to 21 vKre approved by the trustees, and authorised for issue on 20 March 2024 and signed on their behalf by. Nan¢y FAgieson Tntee The notes on pages i i to 21 forn) an integral part of tljese financi statements. Page 10
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2023 I Charity status The charity is limited by guatantee, Inco in Northern Ireland. and consequently doe5 not have share capital. Each of the trus*es 15 liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of ]iquidatio The address of its registered office is: 43 Bristol Avenue Belfast BT15 4AJ The principal place of business is: 44 Somerton Road Belfast BT15 3LG 2 AccouDting policies Summary of significant accounling poll¢ies and key ac¢ounting ¢StiDteS The principal accounting policies applied in the preparntion of these financial ststements are set out below. These policies have been consistently applied to all the yeaTS presente4l unles5 otherwise stat&1 Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5: ststement of Recommended Practice applicable to clwities prq)aring their accounts in accordance with the Financial Rw)rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of IreIand IFRS 102), the Clwities Act (Nortb¢rn Ireland) 2008 a[ th¢ Collu)ani&s Act 2006. The chatity is a Public Bellefit Entity as defined by FRS 102. Basis of preparation Trinity Church Belfast mcets the defmition of a public benefit entity under FRS 102. Assets and liabilities a initially recognised at historical cost or transaction value unless Ot11 stskd in the relevant accounting policy notes. The presentstional CUTren¢y of these financial statements is sterling and amounts have been rounded to the nearest £1. Going CODcern The financial statements have been prepared on a going concern basis as the trust8 consider that the a no tnaterial uncertainties about the charity's ability to continue as a going concern Dor any significant areas of uncertainty that affect the canyiDg value of assets held by the charity. The trustees have consideted both tbe level of fiS held 2nd the expected level of and expenditure for 12 llK)ll from authorisiDg these Page 11
Trinity Church Belfgst Notes to the Finallcial Ststements for the Year Ended 30 June 2023 Judgements The preparation of the financial statetnents requires manageDKnt to make judgements, estillteS and umptions that affe¢t the application of accounting policies and the rewrted amount of assets and liabilities, income aod expenses. Actual results may differ from these &stimales. Income and endownDts All income is recognised once the tharity entitIenMt to tbe income. it is probable that the income will be received and the amount of the inconK ¢¢IVe8b Can be rneasu reliably. Donations ate recOls¢d when the charity bas been notified in wriliDg ofboth th¢ amount and settlement date. In the event that a doDatioD is subjert to conditioDS that require a level of perforrnanc¢ by the charity befor¢ the Iwity is entiti to the funds, the incOu is def[¢d and not recogmised Until eit1 those conditions are fully meL or the fidfilment of those conditions is wholly within the control of the cbarity and it is probable that tbese conditions will be fulfillaj ID the reporting periolt Grants are recognised when the charity has an eDtitlement to the fun& and ally conditions linked to the grants have been met. Where perfornwice conditioL8 are attached to the grant and are yet to be mel the income is rccogtiised as a liability 2nd included on the balance sheet as deferred InMe to be lease(L Expenditure All expenditu is Tecognised once there is a legal or ConStne obligation to that expenditure, it is probable settlement is requir and the amount can be mea5ur¢d reliably. All costs ar¢ auocated to the applicable expenditure headiDg that aggregate sin)ilar costs to that category. Where costs be directly attributed to particular headings they have been atlocated on a basis consistent with the use of resources. with central stsff ¢osts allocated on the basi5 of time speDL and depreciation charges allocated on the portion of the asset's use. Other support C4)sts are allocated based on the spread of staff costs. Charithble adiiryfy'es Charitable expenditure comprises those costs inCUTTed by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect natutt n¢ssary to support them. Graniprovtsions Provisions for grdnts are made when the intention to make a lt h&s been communicated to the re¢ipieDt but there is uncertainty about either the limiDg of the grant or the amount of lt payable. Governn¢e costs These include the costs attributable to the ¢harity's complyancc with constitutional and statutory requiremen including audiL strategic geMent and tnthees netillg5 aDd reimbursed expen Taxation The charity is considered to pa55 the tests set out ID PaTagTaph I S¢heduIe 6 of the Finance Act 2010 and therefore it meets the definition of a clwitsble for UK cOratiOn tax purposes. Accordingly, the clwity is potentially exempt from taxation in respect of income or capitsl gains received within categories covered by chapt 3 Part I l of the Corpordtion Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the exte that such Incon oi gaills are applied exCI1Ve1Y to Chilable putposes. Page 12
Trinity Church Belfast lotes to the Finaneial Ststements for the Year Ended 30 June 2023 Tangible fixed assets Individual fixed assets are initially recorded at cosl less any subsequent accumulated depreciation and impairnient losse& The company asse&ses at ea¢h reportiDg date whetkn tallble fixed assets are impaired. Depreciation and amortisatlon Depreciation is provided on tnle fixed assets 80 as to y1t¢ off the cost OT Valuatio less any estimated residual value. over their expthd usefirt e£onomic lifr as follows: Asset class Furniture and equipment Deprttlaitloll n)ethod 2nd rate 4 Yea straight line Cash and cash equSvgleDts Cash and cash cquivalents con415¢ cash on band and call de[lt% and other short-terni bigbly liquid investments that are readily convertible to a known amouth of cash and aTe subject to all insignificant risk of cbange in value. Fund structure Unrestiicted fimds are avai]able for use at the discretion of the tntstees in of the general objectives of the clwity. Restsi¢t¢d funds are subjecteif to restrictiODS on their expcnditure imposed by the donor or through the tmns of an appeal. PensioDS #Bd other post retirement obligations The charity op¢rdtes a defined contnl)ution peDSiOn scheme which is a pension plan under which fixed ntributiODS are paid into a pensioD fund and the clwity has DO legal or constructiv¢ ob]igalioD to pay fiwther contributions even if the fulld does not hold sufficient assets to pay all eLDployees the benefits relating to employee service in the cutrent and Prior periods. Contribution5 to defined contnl)utioD plans are recOlSed in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution duc for service, the ex¢a8 is Tecognised &8 a prepayment. Flllancial instruments aassification Financial assets and financial ]iabilities are recogtiised wlKn the clrity becomes a paty to the contractual provisions of the instnmienL Financial liabilities and equity instrumwts are cla55ified according to the subslan¢e of the contractual arrdngements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after de41ucting all of its liabilities. Page 13
Trinity Churcb Belfast Notes to the Financial Statements for the Year Ended 30 June 2023 All fjJ)an¢ial assets and liabititie5 ate initially measured at trnlsaction price {inclu(bng transaction costs). except for those fmancial assets classified as at fair value thtough profit or lo&s. which are initially measured at fair value (which is nortnally the transaction price excluding ITaosaction costs). unless the amngement constitutes a fiDancitig trallsaction. Ef an 3ngeMent conslitutes a fiDaDcing transactioo the financial asset or fllwicial liability is measured at the present value of the future payments dIOUnted at a market rate of interest for a similar debt instnllnenL Financial assets and liabilitie5 arc oDty oifset in the Stalen of financial position Whe and only when there exists a legally enforceable rigbt to set off the re£ognised amounts and the charity intends either to settle on a net or to reaiise the 2&8et and settle the liability sinwltaneowty. Financial assets are derecognised when and only wben a) the conts¥tual rights to the casb flows from the financial asset expire or are settl& b) the charity transfers to another party substsntially all of the risks and rewards of ownership of the financial asse¢ or c) the clwity. despite haviDg retsined som4 but not alL significant risks and rewards of owneT5hip. Iw trallSfe¢d Control of the a&set to another paty. Financial liabilities are derecognised only when the obligatsoD 5pe¢ified in the Contract is dischargeiL cancelled or expires. Page 14
Trinity Church Belfast Notes to the Fillancial Statements for the Y&qr Ended 30 June 2023 3 In¢onw from chgritAbk activities Unrestricted Dds Total 2023 nds Donations Gift aid on DonatioDs 15.150 3.538 7.759 215 22,909 3,753 18.688 7,974 26,662 Unrestricted nds GeDeral Restricted funds 2022 Donations Gift aid on Donations Othet income - cleaning grant Bank interest 21.925 4587 3.091 157 500 25.016 4.744 500 26,518 3,748 30,266 Pa8e 15
Trinity Church Belfast Notes to the Financial Statements for tbe Year Ended 30 June 2023 4 Expendithre on charitsble artivihes Unrestrlcted nds Totsl 2023 fllnds Advertising Books, resources and stationery Telephone, IT and Website costs Sundry expeS Conference and projert sts Support costs Bauk charges Wages, salaries and staff training costs 259 247 1,163 735 836 1.576 142 13.585 145 1,140 345 1200 1,403 259 610 1223 735 5225 1.576 183 13,585 145 363 4.389 41 Repairs, maintenance and renewals Depreciation Rent LighL Heat & Power Grants 66 1206 345 1.2(K) 2,004 650 601 650 22.776 6,170 28,946 Unrestricted Totsl 2022 General funds AdVe8]tig Book5. resources and stationery Telephone. IT aod Website costs Sundry expenses Conference and project costs Support costs Bank charges Wages, salaries and staff traiDiDg costs Insurance 758 414 1.488 12 770 421 1538 967 4,330 594 151 14206 370 691 867 950 1,765 50 694 594 126 14206 370 69l 867 950 1,765 3,636 25 Depreciation LighL Heat & Power 23.887 3,733 27.620 Page l6
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 JuDe 2023 5 Trustees ren)Mneration and expense5 No ttee8 have received any remuneration from thc Gharity during the year. 6 Employees The aggregats payroll costs were &$ follows: 2023 2022 Staff costs during the year were: Wages and salati&S Social 5e¢uTity costs Pellsion costs Ot1 staff costs 12.800 526 197 62 12.8(X) 460 197 749 13,585 14,206 The monthty averdge number of persons (including senior management I leadersbip team) employed by the ¢lJarity during the year expre&sed as full lime equivalents Wds as follows." 2023 2022 Charity wor No employee received enK)h]ments of more than £60,(KK) during the year. 7 Independent examiuer's reniuDeration 2023 2022 Examination of the financial ststements 330 450 Other fees to ex2min¢rs All otlker seThices 156 144 8 Taxation The charity is a re rlwity and is therefore exempt fmm laulio Page 17
Trinity Church Belfast Notes to the Fiuancial Statements for the Year Ended 30 Julle 2023 9 Tangible fixed Assets Furnlture and equipment Total At l July 2022 Additions 3.467 lJ78 3.467 1.378 At 30 June 2023 4.845 4,845 Depreciation At l July 2022 Charge for the year 3,467 345 3.467 345 At 30 June 2023 3.812 3,812 Net book value At 30 June 2023 1.033 1,033 At 30 June 2022 10 Debtors 2023 2022 Prepayments Other debtors 227 3,704 4.685 3.931 4.685 11 Czsb and e#sh equivalents 2023 2022 Cash at bank 28.927 33,332 Page 18
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2023 12 Creditors: amounts falling due within one year 2023 2022 Other taxation and social security Other creditors Accruals 91 1.001 1.811 1,061 1,061 2,903 13 Pensioo and other sehen Dellned contribution pension scheu contributions payable by the chatity to the Schell and amoumed to £197 (2022 - £19D. 14 Coti11ts C8pltsl ¢omnthwts Operating lease of pTrmises at 44 Somerton RO Belfaqt The total arnount contra¢ted for but not provided in the financial stalements was £2(X) {2022- £1.400). Page 19
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2023 15 Fuads Resources expended Balance at 30 June 2023 Unrestricted General General Fund 18,688 (21776) (4,088) Restrlcted Blossoms Fund 7.974 (6.170 1.804 Totsl ndS 26.662 (28.946) (2284 Balance at 30 June 2022 Balgnee at I Juty 2021 incoming ResoMr¢es expended Transfers Unrestrlcted fvnds General General Fund 31,680 26518 {23,887) (182) 34,129 Restricted Blossoms Fund Equiprnent Fund Presbytery Clcaning grant 3248 (3233) 182 685 300 300 51X) (5(Kl) Totsl restricted funds 788 3.748 {3.733) 182 985 Total funds 32.468 30266 (27.620) 35,114 The specific purp)ses for which the funds aTe to be applied att as follow& BIoss0rn5 Fund The Blossoms mercy ministy proje¢t alti to provide baby Iwnpers and essentiats for the first month after birth to new. single. underage or disadvalltaged mums/dad Equxpment FuDd This fund is for any donations specifically in respect of the pwcbase of equipment for use by the Clwity. P[¢sbYt Cleaning Grant This relates to grant funding received from the Presbyterian Church in Irei8nd in relation to cleaning costs of the Charity in 2021. Page 20
Trinity Church Belfast Notes to the Fmancial Statements for the Year Ended 30 Jtme 2023 16 Allaly5ig of net assets between funds Total funds at 30 June 2023 ruDds General Restricted funds Tangible fixed assets 1,033 30.069 1.061 1.033 32,858 (1,061 1789 Cumt liabilities Total net assets 30.(1 2,789 32,830 Total funds at 30 June 2022 Deslgnaled 37.032 2,903 985 38,017 2,903 Current liabilities Totsl net assets 34.129 985 35.114 17 Related party transactions During the year the cknty made the following telated party transactio8. Charity Trustees Totsl donations Teceived of £12.434 (2021: £II,370) from Charity Trustee& At the balan¢e shcct date the amount due tolfrom Charity Trustees Wds £Nil (2022- £Nil). Page 21