Company Tegistration number: N1607689 Charity registration number: NIC101827 Trinity Church Belfast (A company limited by guarantee) Annual Report and Financial Statements for tlie Year Ended 30 June 2024 D T Carson & Co 51-53 Thomas Street Ballymena Co. Antrim BT43 6AZ
Trinity Church Belfast Contents Reference and Administrative Details Trustees, Report 2to7 Independent Examiner's Report Statement of Financial Activities Balance Sheet io Notes to the Financial Statements 11 to20
Trinity Church Belfast Reference and Administrative Details Trustee5 Nancy Eagleson Cherryl Eli2abeth Graham Peter Sutherland Wilkie Yuming Liu Senior Management l Leadership Lee Eagleson, General Secretary Team Cbarlty Registratlon Number NIC101827 Company Registration Number N1607689 The charity is incorporated in Northern Ireland. 43 Bristol Avenue Belfast BT15 4AJ Registered Office Principal Office 44 Somerton Road Belfast BT15 3LG Independent Examiner D T Carson & Co 51-53 Thoin25 Street Ballymena Co. Antrim BT43 6AZ Page I
Trinity Church BeIfast Trustees, Report The tntees, who are directors for the pUoseS of company law. present the annual report together with the financial statements of the charitable company for the year ended 30 June 2024 whi¢b are also prepared to meet the requirements for a directors, report and accounts for Companies Act 2006 purposes. The financial statements comply witli the Cbarilies Act 2008. the Companies Act 2006, the Memorandum and Articles of Association. and Accounting and Reporting by Charities.. Statement of Recotrhmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK alld Republic of Ireland IFRS 102) (effective l January 2019). Objectives and activities Objecls and aims The Charity is established for charitable purposes only. specifically the advancement of Religion (specifically the Christian Faith), the advancernent of education, the advancement of community developmenL and the improvement of the holistic life of communities in Northern Ireland. The Charity changed its llame from Urban Mission tnitiatives to Trinity Church Belfxst ('TCB') on 28 April 2022. The charity achieves its objectives through initiatives including (but not limited to): (i) Resourcing and facilitation of the local church known as Trinity Church Belfast- {ii) Raising awareness and understandinE of Evang¢lical Christian beliefs and practices. (iii) Carrying out missionary and outreach work within Ihe local community area served by the Trust and wider afield: (iv) The forniation of new cburcbes and associated initiatives. (v) The support of community transformation enteryyrises within the local community area served by the Tnt and wider afield- and (vi) Holding of reglliar public worship services. ObjeLtives. strategies and activities The charity seeks to: l. Provide rnanagement and accountabtlity strnctUTes for planning, personnel. financial and marketing ventures associated with church planling. 2. Educate and aid existing church communities and organTsations in the principles of church planting. 3. Conduct both religtous and non-religious events and services to forni contacts and ¢onnections within urban centre dwellers and user5. 4. Produce a lasting church planting commitment within planted churches. 5. Establish and improve education and trdining programmes to support existing churches in their church planting with expertise. oversight 8nd finance. 6. Initiate. support and sustain cliurch planting networks and moveme7Jts. Page 2
Trinity Church Belfast Trustees, Report Public benefil Advancement of Religion TCB promotes teaching from the Word of God. the Bible, at worship services at churches planted by TCB ('TCB Churches,), with serviees open to all members of the public. We also promote the development of existing believers at TCB Churches, helping them to understand the Christian faith morc deeply, and how the Gospel is tsansfomlative of every aspect of life. We encourage individuals to respond to teaching received through prayer, worship and Christian serviee. The direct benefits which flow from this purpose are= an improved sense of wellbeing for Ihose attending TCB Churches as they enjoy fellowship wilh others and receive teaching. and the promotion of Christian values for the benefit of individuals. churches and communities. The indirect benefits which flow from this purpose include the moral improvement in society as a whole which religion is considered to encourage. Advancement of Education We promote teaching about Evangelical Christixn beliefs in TCB Churches. proclaiming the Gospel of Jesus Christ. The direct benefits 'hICh flow from this purpose are spiritllal. moral and intellectual development, through tea¢hTng of the Bible. of rnembers of TCB Churches and the public, and the development of individual skills and capabilities of Church members who are involved in tea¢hing and ministy at publi¢ worship service5. Advancement of Community Development TCB seeks to reach out into the local communities in which its churches are based, and to be viewed as being open to all sectors of the community. We seek to transcend the traditional Protestant and Catliolic divide existing in Northem Ireland. The direct benefits which flow from this purpose are.. the encouragement of those who live in the locality of TCB Churches as they participate in activitie5 organised by the Churches, and the provision of practical assistance such as food and clothing to those who may be in need. The organisation's direct beneficiaTies are churches. para-church organisations and charities within the Belfast area who wish to benefit from the church-plantinLT resources and experience that TCB offers. Communities and soeiety in general will also benefit indirectly from the work of TCB as new churches are planted and existing churehes strengthened. The benefits listed above will be evidenced through infomal feedback from those who make use of TCB'S re50urces. The trustees confirm that they have complied with the requirements of the Charities Act (Northern Ireland) 2008 to have due regard to the public benefit guidance published by the Charity Commission for Northern Ireland. Pag¢ 3
Trinity Church Belfast Trusteesl Report Achievements and perform8nce and plans for future periods The period l July 2023 to 30 June 2024 was again a period of ongoing ministy within the Skegonneill-Glandore area. Weekly worsbip and prdyer meetings continued. The Blossoms work continued to grow particularly in the area of helping foreign nationals alongside local families. The area around the church Rs ebanging rapidly in ternJs of housing stock being bougbt by landlords and ministy in the futrjre will have to be thougbt thTough. We acknowledge the dedication of Cherryl Graham and her team to this work and extend our thanks. We also th&nk the local community that has taken the work of the Blossoms to Iheir heart and continue to astound us with their generosity in donating items alongside those who have supported it financially through the y¢aT. One development during the year is our minister Lee Eagleson becoming chaplain of Brantwood Football Club in October 2023. Brantwood is a local amateur team tbat has drawn from the local community since 190I. The club has made Lee feel very welcome and he looks fonvard to tying to help with the pastornl side of things off the field. We continue to build relationships with Peas Park and we have partnered with them in some of their fairs. Lee has wn a barbeque at a couple. We also ran a very successful Easter Egg hunt with a higher proportion of children coming from tbe local conllnunity. We thank our partnerships. especially Wellington Presbyteridn Church. Their continued pastordl. prayerful and financial support is invaluable. We a150 thank Crosscollyer Church for th¢ir continued provision of thc building on Somertou Road. Financial review TCB seeks to comply with best practice in managing the finances of the charity. The balaJJce sheet as at 30 June 2024 reflected cash at bank of £23,865 (2023: £28,927). The total Net Current Assels at 30 June 2024 were £24.623 (2023.. £31,797) and unrestricted rcserves were £24.909 (2023- £30.041). Income from charitable acttvities and donations for the year totalled £17,280 (2023: £26.662). Expenditure o charitable activities for the year totalled £24,232 (2023= £28,946). This result itL a nct dcfiLit of £6,952 (2023.. £2.284 dcficit). Page 4
Trinity Church Belfast Trustees, Report Policy on rerVeS The charity aims to use their income in filrtherallce of Iheir objectives. Trustees 2nd officers The trustees and officers serving during the year and since the year end were as follows: Trustees: Nancy Eagleson Cherryl Elizabeth Graham Peter Sutherland Wilkie Yuming Liu Senior Management / Leadership Team: Lee Eagleson, Genernl Secretary Structur4 governance and management Noture ofgoverning documeiil Trinity Church Belfast is a company limited by guarantee. incorporated on 2 June 2011 and registered with the Charities Commission for Nothem Ireland on 15 April 2015. The charity is governed by a Memorandum and Articles of Association and all activitie5 are delivered in accordance with charity and company law. Recruilment and appointment oflrustees The directors of the company are also charity tNstees for the purposes of charity law. New Trustees are recrnited who share the atms of the charity and can be appointed accordingly by approval of the Board. All Trustees give iheiT time voluntsrily received no benefits from the Charity. Jnduclion and training oftrusleés Most truste¢s ale already familiar with the practical work of the Gharity however if fier training is required this is provided by the Charity. Arrangementsfor sethng key managementpersonnel remuneroÉion Key Management PersontLel consist of the Senior Mallager whose remuneration is fixed by the Trustees. Organisational slruclure The organisalton is managed and direGted by ils Trnstees. The Trustc¢s are elected annually and megt regularly during tbc year. Page 5
Trinity Church Belfast Trustees, Report Relationships With related parties Trustees Nor]e of the trustee5 have been paid any remmieration or received any other benefits from 2n employment with the charity or a related entity. No trustee expenses have been incurred. Statement of trustees, responsibilitAes The trustees (who are also the directors of Trinity Chur¢h Belfast for the pUoseS of company law) are responsible for prepaTing the trustees, report and the financial statements in a¢¢ordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), includiTJg FRS 102 The Financial Reporting Standard appli¢abl¢ in the UK and Republic of Irelarnd" Company law requires the trustees to prepare financial statements for each fllMncial year. Under company law the trustees must not approve the financial statements unless they are satisfied tbat they give a true and fair view of the state of affairs of the ¢haritable company and of the in¢orning resources and application of resources. including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP. make judgements and estimates that are Teasollable and prndent- state whether applicable accounting standdrds, comprising FRS 102 have been followed, subject to any material departurcs disclosed and explained the financial statements- and prepare the financial statements on the going concem bASiS unless it is inappropriate to presume that the ¢haritable company will continue in business. The trustees aTe responsible foT keeping proper accounting records that caD disclose with Tea50nable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also rcsponsible foT safeguarding tlie asscts of the charttable ompany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the coOrate and financial information included on the charitable cornpany's website. Legislation governing the preparation and dissemination of financiaE statements may differ from legislation in other jurisdictions. Page 6
Trinity Church Belfast Trustees, Report Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the trustees of the charity on 18 June 2025 and signed on its behalf by: Nancy Eagleson Trustee Page 7
Trinity Church Belfast Independent Examiner's Report to the trustees of Trinity Church Belfast ('the Cornpany,) I report to the charity trustees on the accounts of the cknty for the year ended 30 June 2024 which are set out on pages 9 to 20. Responsibilitie5 and basis of report As the charity's trustees of Trinity Church Belfast (and also the directors of the company for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the charity is not required to be audited Under company law and is eligible for independent examination, it is my responsibility to- examine the accounts under section 65 of the Charities Act- follow the procedures laid down in the General Directions given by the Charity Cornmi5sion for Northern IrcEand under section 65(9)(b) of the Charities Act" and ' stste whether particular m2tters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Aet and my examination was carried out in accordance with the General Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the a¢counts, and seeking explanations from you as clmrity tnjstees conccrning any such matters. My role is to stste whether any material matters have come to my attention giving me cause to believe.. l. That accounting records were llot kept in accordance with section 386 of the Companies Act 2006. 2. That the accounts do not accord with those aecounling records- 3. That the accounts do not cofflply with the accounting requirements of section 396 of the CompaDiCS Act 2006 and with the methods and principles of the Chatities Siatemcnt of Recolluncnded Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland" and 4. That there is fither inforllRtion needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and bave no concerns in rcspect of the matters (l) to (4) listed above. and in connection with following the Directions of the ChaTity Cotutoission for Northern Ireland. I have found no atters that require drawing to your attention. Mr Edwin McLaughlin Institule of Chartered Accountants ill Ireland D T Carson & Co 51-53 Thomas Street Ballymena, Co. Antrim BT43 6AZ 18 June 2025 Page 8
Trinity Church Belfast Statement of Financial Activities for the Year Ended 30 June 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Note Income 2nd Endowments from: Charitablc activities 15,214 2,066 17,280 Total income 15.214 2,066 17.280 Expenditure on: Charltsble activities (20,346) (3.886) (24.232) Total expenditure (20.346) (3.886) (24,232) Net expenditure (5.132) (1,820) {6.952) Net movement in funds (5,132) (1,820) (6.952) Reconeiliation of funds Total funds brought forward 30,041 2,789 32.830 Total filllds carried forward 15 24.909 Unrestricted funds 969 Restricted funds 25,878 Total 2023 Note Income and Endowments from: ChaTitable activities 18,688 7.974 26,662 Total income 18.688 7,974 26.662 Expenditure on: Charitable activities (22,776) (6,170) (28,946) Total expenditure (22.776) (6.170) (28.946) Net {expenditure)lincome (4.088) 1,804 (2,284) Net movement in ftfftds (4,088) 1,804 (2.284) Reconciliation of funds Total funds brought forward 34,129 985 35.114 Total funds ¢arried foTWaTd 15 30.041 2.789 32.830 All of the charity's activitics dcTiVC from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 15. The notes on pages I I to 20 forn] an integrdl part of thes¢ financial statements. Page 9
Trinity Church Belfast (Registration number: N1607689) Balance Sheet as at 30 June 2024 2024 2023 Note Fixed assets Tangible assets 1,255 1.033 Current assets Debtor5 Cash at bank aDd in hand io li 3,435 23.865 3.931 28,927 27.300 32,858 Creditors: Amounts falling due wlthln one year 12 (2,677) {1.061) Net current assets 24.623 31.797 Lyet assets 25,878 32.830 Funds of the charity: Restrleted income funds Restricted funds 15 969 2,789 Unrestricted income funds Unrestricted funds 24,909 30.041 Totydl funds 15 25,878 32,830 For the fmancial y&qr ending 30 June 2024 the charity w&£ entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities for complying with the requirements of the Act wtth respect to a¢eounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions ttlating to companies subject to the small companies regime within Part l5 of the Companies Act 2006. The financial statements on pages 9 to 20 were approved by the trustees, and authorised for issue on 18 June 2025 and signed on their behalf by: Nallcy Eagleson Tn1¢¢ The notes on pages I I to 20 fonn an integral part of these financial statements. Page 10
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2024 I Charity status The charity is limited by gu2Tantee, incorporated in NoTthem Ireland, and consequently does not have share capitsl. Each of the trustees is liable to contribute an amount not excttding £1 towards the assets of the charity n the event of liquidation. 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 Accounting policies Summary of significant accounting policies and key aeeounting estimates The principal accounting policies applied in th¢ preparation of these financial statements are set ollt below. These policies have been consistently applied to all the years presented, unless othenvise stated. Statement of compliance The financial statements have been PTepared in accordance with Accounting and Reporting by Charitt"es." Statement of Recommended Practice applicable to charities preparing their accounts in aCCOTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019) - (Charities SORP (FRS 102)), thc Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008 and the Companies Act 2006. The charity is a Public Benefit Entity as defmed by FRS 102. Basis of preparation Trinity Church Belfast meets the definition of a public benefJt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevaut accounting policy notes. The presentational currency of these financial statements is sterling and amounts have been rounded to the neest £1. Going concern The financial statements have been prepared on a going concern basis as the trustees consider that there aTr no material un¢ertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the ca1¥ value of assets held by the charity. The trustees have considered both the level of ftmds held and the expected level of income and expenditure for 12 months from authorising these financial statements, iaking into considetation all relevant ftorS. Pagell
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 Julle 2024 Judgements The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amount of assets and liabilities. in¢ome and expenses. Actual results may differ from these estimates. Income 2nd endowments All incorne is recognised once the charily has enlillemenL to the income, il is probable thai the income will be received and ihe amount of the income receiveable can be measured reliably. Donalions and legacies Donations are recognised when the charity has been notifLed in writing of both the amount and settlement date. In the event that a donation is subject to conditions that rcquire a level of performance by tbe cbarity before the charity is entitled to the fi]nds, the incorne is deferred and not recognised until either those conditions are llY met. or the fulfibnent of those conditions is wholly within the control of the cknity and it is probable that tbese conditions will be fulfilled in the reporting period. Grants receivable Grants are recognised when the charity has an entitlement to the fijnds and any conditions linked to the grdnts have been met. Where perfomiance condittons are attached to the grnnt and are yet to be met, the income is recognised as a liability and in¢ludcd on the balance sheet as deferred income to be released. Expenditure All expenditure is Tecognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured Teliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resouices, with central staff costs allocated on the basis of time spcnL and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitsble expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grantprovision Provisions for grants ar¢ made when the intention to make a grnnt has been communi¢ated to the recipient but tbere is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs These include the costs attrtbutable to the ¢harity's compliance with constitutional and statutory requ1MentS, including audit. strategic management and Irustees meetings and reimbursed expeuses. Taxation The charity is considered to pass tbe tests set out in Pardgraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK cotporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of th¢ Corporation Tax Act 2010 or Sectioll 256 of the Taxation of Chargeable Gains Act 1992. to the extent Ibat suth income OT gains are applied exclusively to clwitable purposes. Page 12
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2024 Tangible fixed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated deprectation and impairnient losses. The company assesses at each reporting date whether tangible fixed assets are impaired. Depreciation 2nd amortisation Depreciation is provided on tangible red assets so as to write off the cost or valuation. less any estimated residual value, over their expe¢led useful economic life as follows: Asset elass Furniture and equipment Depreciation method 2nd rate 4 yeaTS straight line Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other sbort-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted funds are available for use at the discretion of the trustees in furtberdnce of the general objectives of the charity. Restricted fimds aTe subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. Pensions and other post retirement obligations The cbarity operdtes ¢1 defined contribution pension scheme which is a pension plan under which fixed Lontributions are paid into a pension fund and the charity bas no legal or constructive obligation to pay rther contributions even if the fund does not hold sufficient assets to pay all ernployees the benefits relating to etllployee service in the CUTrent and prior periods. Contributions to defined contribution plans are recognised in the Staternent of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayrnent. FinaDci#I instrum¢nts Classifwation Financial assets and financial liabilities are recognised when the cbarity becomes a party to the contractual provisions of the instnllnent. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An cquity instrument Is any contract that evidences a residual interest in the asset5 of the charity after deducting all of its liabilities. Page 13
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2024 Recognilion and measuremenl All fmancial assets and liabilities are initially measured at transaction price (iucluding transaction costs), except for those financial assets classified as at f8ir value through profit or loss, which are initially measured at fair value (which is norn)ally the transaction price excluding transaction costs). unless the arrangement constitutes a fmancing transaction. If an arrangement constitutes a financing transaction. the fall¢la1 asset or financial liability is measured at the present value of the futhre payments discounted at a market rdte of interest for a similar debt instrnment. Financial assets and liabilities are only offset in the statement of financial position when. and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis. or to realise the a55et and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contrxetual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and ewards of ownership of the fanCial asse¢ or c) the cljarity. despite having rctained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party. Financial liabilitie5 are derecognised only when the obligation specified in the contract is discharged, cancelled QT cxpires. 3 Income from charitable activities Unrestricted funds General Restricted fuDd5 Total 2024 Donations Gift aid on Donation5 Sale of dollated goods 12.105 3,109 1.547 198 321 13.652 3,307 321 15,214 2,066 17,280 Unrestricted funds General Restricted funds Total 2023 Donations Gift aid on DoT)ations 15,150 3,538 7,759 215 22,909 3.753 18.688 7,974 26,662 Page 14
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2024 4 Expenditure on charitoble activities Unrestricted funds General Restrictcd funds Total 2024 Adverttsing Books. Trsourees and stationery Telephone, IT and Website costs Sundry expenses Volunteer expenses Conference and project costs Support Costs Bank charges Wages, salaries and staff training Costs Insurance Repairs, maintenance and renewals Depreciation Rent 247 228 1,514 502 247 228 1,586 502 140 72 140 3,094 402 696 132 13,380 373 199 418 3.496 696 166 13,380 373 34 15 214 418 1.200 1,586 1,200 1,055 Lighl Heat & Power 531 20,346 3,886 24,232 Unrestricted funds General Restricted fuiids Total 2023 Advertising Book5. resources and stationery Telephone. IT and Website costs Sundry expenses Conference and project costs Support costs Bank chaTges Wages, salarie5 and Staff training costs Insurance Repairs. maintenance and renewals Depreciation Rent Light. Heat & Power Grants 259 247 1,163 735 836 1,576 142 13.585 145 259 610 1,223 735 5,225 1,576 183 13.585 145 1,206 345 1,200 2.004 650 363 60 4,389 41 1.140 345 1,200 1,403 66 601 650 22,776 6.170 28,946 Page 15
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2024 5 Trustee5 remuneration and expenses No trustees have received any remuneration from the charity during the year. 6 Employees The aggregate payroll costs were &8 follows: 2024 2023 Stsff costs durkng the year were: Wages and salaries Social security costs Pellsion costs Other staff costs 12.800 383 197 12.800 526 197 62 13,380 13,585 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as fi1 time equivalents was as follows-. 2024 2023 Charity worker No employee received emoluments of more than £60,000 during the year. 7 Independent examiner's remuneration 2024 2023 Examination of the financial statements 540 330 Other fees to examiners All other services 156 156 8 Taxation The charity is a registered charity and is therefore cxempt from taxation. Page 16
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2024 9 Tangible red assets Furniture and equipment Total Cost At l July 2023 Additions 4,845 640 4.845 640 At 30 June 2024 5,485 5,485 Depreciation At l July 2023 Charge for the year 3.812 418 3,812 418 At 30 June 2024 4,230 4.230 Net book value At 30 June 2024 1,255 1.255 At 30 June 2023 1.033 1.033 10 Debtors 2024 2023 Prcpayments Other debtors 229 3,206 227 3.704 3,435 3.931 11 Cash and eash equivalents 2024 2023 Cash on hand Cash at bat 40 23.825 28,927 23,865 28.927 Page 17
Trinity Church Belfast Notes to the Financial Statements for the Year Ended 30 June 2024 12 Creditors: amounts falling due within one year 2024 2023 Other creditors Accruals 1,033 1.061 2.677 1,061 13 Pension 2nd other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension cost chargc for the year represents contributions payable by the charity to the scheme and amounted to £197 (2023 - £197). 14 Commitments Capital commitments Operating lease of premises at 44 Somerton Road, Belfast The total amount contractcd for but not provided in the financial statements was £200 (2023 - £200). Page 18
Trinity Church Belfast Notes to the Financial Statenjents for the Year Ended 30 June 2024 15 Funds Incoming resource5 Resources expended Balance at 30 June 2024 UnrestritÉed General General Fund 15,214 (20,346) (5,132) R¢$trieted Blossoms Fund 2,066 (3,886) (1.820) Total funds 17,280 (24,232) (6.952) Balance at I July 2022 Incoming resources Resources expended Balance at 30 June 2023 Unrestricted funds General General Fund 34,129 18,688 (22,776) 30,041 Restricted Blossoms Fund Equipment Fund 685 300 7,974 (6,170) 2.489 300 Total restricted funds 985 7,974 {6,170) 2.789 Total funds 35,114 26,662 (28,946) 32.830 The specific purposes for wbich the fijnds are to be applied are as follows: Blossoms Fund The Blossoms mercy ministy project aims to provide baby hampers and essentials for the first month after birth to new. single. underage or disadvantaged rnumsldad5. Equipment Fund This fijnd is for any donations specifically in respect of the purchase of equtpmcnt for use by the Charity. Page 19
Trinity Church Belfast otes to tbe Financial Statements for the Year Ended 30 June 2024 16 Analysis of net assets between funds Unrestrieted funds Gen¢ral Total funds at 30 June 2024 Restricted funds Tangible fixed assets CutTent assets Current liabilities 1,255 26.331 (2.677) 1,255 27,300 (2,677) 969 Total net assets 24,909 969 25,878 Unrestricted funds General Total funds at 30 June 2023 Restricted funds Tangible fixed assets Current assets 1.033 30,069 (1.061) 1,033 32.858 (1.061) 2,789 Current liabilities Total net assets 30,041 2.789 32,830 17 Related party transactions During the year the clwity made the following related party transactions: Charity Trustees Total donations received of £11245 (2023: £12,434) from Charity Tt¢¢s. At the balance sheet date the amount due to/from Charity Trustees was £Nil (2023 - £Nil). Page 20