St Thomas's Parish Church, Belfast Financial Statements for the year ended 31 December 2024 Charity no. 101975
St Thomos's Pt7rish Church, Be¥ast Financialstotementsfor the yeor ended 31 December2024 Contents Page (s) Independent Examiners Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial statements
St Thomos's Ponsh Church, Beyast Fin(ynciolStotementsfor the yearended 31 December2024 Page I Independent examinerfs report to the charity trustees of St Thomas's Parish Church, Belfast I report to the on the account5 of St Thomas's Parish Church, Belfast for the year ended 31 December 2024. which are set out on pages 2 to 6. Respective responsibilities of charity trustees and examiner. As the charity's trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. 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 Commission under section 6519llbl of the Charities Act- and state whether particular matters 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 Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl 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 accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records. That the accounts do not comply with the accounting requirements of the Charitie5 Art. 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement I have completed my examination and have no concerns in respect of the matters111 to {41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. Paul Clarke FCA 7 Manse Green Newtownard5 BT23 4TW
St Thomas s Parish Church Belfast Financialstutementsfvr the year ended 31 December2024 Poge 2 Financial Statements for the year ended 31 December 2024 Receipts and Payments Account 2024 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Note Recei Church collections Special Donations & Bequests Trust Income Property use Other receipts Charities Appeals Fund-raising Interest 30,155.85 0.00 1,465.54 18,810.00 0.00 0.00 0.00 8,000.62 58,432.01 0.00 0.00 0.00 0.00 47.50 90.00 0.00 0.00 137.50 30.155.85 31,016.19 0.00 5.700.00 1,465.54 1,351.04 18.810.00 19,870.00 47.50 1,276.00 90.00 316.23 0.00 36.07 8,000.62 7,393.26 58,569.51 66,958.79 Pa Stipend, salaries and other costs Electricity, Water & Gas Rates Insurance Repairs and Maintenance Rectory capital works project Gardening Office Supplies Church Supplies Diocesan Payments Charities and Bishops Appea15 Other payments Bank Charges ments 69,311.95 4,241.41 3,865.83 8,815.04 1,856.08 0.00 2,200.00 231.76 0.00 9,086.40 10.00 214.50 212.02 0.00 0.00 0.00 0.00 0.00 15,900.52 0.00 0.00 148.00 0.00 69,311.95 47,736.90 4.241.41 4,007.97 3,865.83 3,505.21 8,815.04 1.669.17 1.856.08 1,128.58 15,900.52 16,900.52 2,200.00 1.922.00 231.76 320.82 148.00 142.00 9,086.40 12.378.72 loo.00 316.23 262.00 108.00 212.02 189.61 16,186.02 116,231.01 90.325.73 90.00 47.50 0.00 100,044.99 Excess of receipt5 over payments {41,612.981 116.048.52) (57.661.501 123,366.94) Bank balance5 as at l January Add Dioscesan support scheme loan Bank balances as at 31 December 10,628.21 229,565.65 240,193.86 263,560.80 56,833.35 0.00 56,833.35 0.00 25,848.58 213,517.13 239,365.71 240,193.86 The note5 on pages 4 to 6 form part of these financial statements.
St Thomas's Parlsh Church, Belfast Fint7nclalStt7tementsAor the yearended31 December2024 Po9e 3 Financial Statements for the year ended 31 December 2024 Statement of Assets and Liabilities 2024 Unrestricted Funds 2024 Restricted Funds 2024 Total 2023 Total Note Cash and bank balances Danske Bank no. l account Danske Bank no. 2 account Dankse Bank business investment account RCB deposit account 9,759.73 288.70 5,551.18 0.00 15,310.91 288.70 7,072.71 240.24 446.92 15,353.23 25,848.58 0.00 207,965.95 213,517.13 446.92 223,319.18 239,365.71 439.60 232,441.31 240,193.86 Investment assets RCB unit trust 0.00 49,622.00 49,622.00 48,717.32 Assets retained for the Parish's own use Rectory Church office Ib lil Ib {il 0.00 0.00 751,355.00 60,870.00 751.355.00 60,870.00 715,575.00 57.972.00 Liabilities Diocesan support loan Stipend & allowances HMRC payment Amount due to parish secretary Amount due to gardener Col Gazette Rectory capital works project Total Assets 156,833.351 0.00 (1,268.831 11,500.001 166.001 0.00 0.00 0.00 0.00 0.00 0.00 (56,833.351 0.00 (1,268.83) (1,500.00) 166.00) 0.00 18,507.021 0.00 11,500.001 0.00 196.001 0.00 172.001 {I,ioo.00) (I,ioo.001 0.00 133,819.601 1,074,264.13 1,040,444.53 1,052,283.16 Approved by the trustees and signed on their behalf: /{ Keith CurrSe Honorary Treasurer The notes on pages 4 to 6 form part of these financial statements.
St Thomas's Parish Church, 8elfast Financial Stotementsfor the yearended 31 December2024 Page 4 Notes to the financial statements Accounting policies Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities la) Receipt5 and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. Ib) Statement of Assets and Liabilities lil Assets retoinedfor the Parish's own use The assets of the Parish, retained for its own use comprise:_ Church Building Other buildings - Rectory and Church Office Various fixtures and fittings The Church Building (including Christian artwork, materials and artefactsl are deemed to be Heritage Assots as defined by the Charities SORP IFRS1021. These Heritage A55et5 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. Other buildings comprising the Rectory and Church Office were built / acquired a number of years ago and accordingly reliable records of the initial cost, acquisition, subsequent capital works are not available. These buildinE5 are included at insurance value5 only. Professional valuations have not been completed. No depreciation has been provided on these propertie5 as the select vestry maintains these properties in good repair and the remaining useful life currently exceeds 50 years. All of the Church land and buildings are vested in the Representative Church Bodv. Fixtures and Fittings costing more than £1,000 are recognised at cost and are depreciated on a Straight line ba515 over a period of 5 years. There are currently no fixtures and fittings costing more than £1,000 which were acquired within the previous 5 year5. ill Investments Investment in RCB Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Reconciliation of Cash Funds Total cash fund5 at l January 2024 Receipts for the year Add Dioscesan support scheme loan Payments for the year Total cash funds at 31 December 2024 240,193.86 58,569.51 56,833.35 (116,231.011 239,365.71
St ThomG5'5 Parish Church 8elAast Financialstotementsfor the yearended31 December2024 Poge 5 Notes to the financial statements {cont'd) Church collectlons 2024 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Free-will Offerings Banker's Orders loose plate collection Gift Aid Tax refund Gift month Donations 4,051.35 15,685.00 1,408.31 5,561.19 3,230.00 220.00 0.00 4,051.35 5,034.00 0.00 15,685.00 15,033.00 1,408.31 983.27 5,561.19 6,247.57 3,230.00 2,967.00 220.00 751.35 0.00 0.00 0.00 30,155.85 0.00 30,155.85 31,016.19 Property use 2024 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Rent from Bell Tower Car park Other users 8,000.00 9,960.00 850.00 0.00 8.000.00 8,000.00 0.00 9,960.00 11,390.00 0.00 850.00 480.00 0.00 18.810.00 19.870.00 18,810.00 Other receipts 2024 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Church of Ireland Gazette Receipts Electric and Gas grants Sundry Income Parish organisations 47.50 0.00 0.00 0.00 47.50 0.00 0.00 0.00 47.50 70.00 1,200.00 0.00 6.00 1,276.00 0.00 0.00 0.00 0.00 47.50
St Thomas's Purish Church, Belf)st Financiul StotementsAor the yeurended 31 December2024 Page 6 Notes to the financial statements (cont'd) Stipend, salaries & other costs 2024 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Rector stipend Rector- allowances Rector- pension Rertor- employer's NIC Rector- cover Organists Secretary 47,865.13 5,652.39 9,144.60 0.00 1,737.83 1,825.00 3,087.00 69,311.95 0.00 47,865.13 33,283.40 0.00 5,652.39 5,492.50 0.00 9,144.60 6,441.00 0.00 0.00 0.00 0.00 1,737.83 300.00 0.00 1,825.00 2,220.00 0.00 3,087.00 0.00 0.00 69,311.95 47,736.90 Other payments 2024 2024 Unrestricted Restricted Funds Funds 2024 Total 2023 Total Church of Ireland Gazette Parish organisations 214.50 47.50 262.00 108.00 0.00 0.00 0.00 0.00 214.50 47.50 262.00 108.00 Transaction5 With the Trustees Details of remuneration paid to the Rector are shown at note 6 above. The rectory was vacant during the year to allow for capital works programme. Other accommodation was rented by the Church for the rector and his family at a cost of £13,200. No trustee, nor any person related to a trustee, had any personal interest in any contract or transaction entered into by the Parish during the year.