WILLOWFIELO
CHURCH
Willowfield Parish Church
Annual report and flnanclal statements
For the year ended 31 December 2023
Charltles Number: NIC101980

Wlllowfleld Parish Church
Annual report and flnanclal statements for the year ended 31 December 2023
Contents
Pages
Reference5 and administrative details
Trustees, Annual Report
Independent examiner's report to the Trustees
Statement of financial activities
Balance sheet
io
Statement of Cash Flows
li
Notes to the financial statements
12-29

Wlllowfleld Parlsh Church
References and administrative detalls
Charity Name..
Willowfield Parish Church
Charity Registration Number:
NIC101980
Contact Address:
Willowfield Parish Church Office,
330-332 Woodstock Road,
Belfast,
BT6 9DP
Trustees
Rev Clive Atkinson IRectorl
Andrea Lowrv
Dawn Mayes
Keith Mcmaw
David Woods
Jonathan Cousins
Brian Mayes
Andrew Wallace
Arthur Blair
Francis Khamanra
John Moore
Ben-juhah Simpson
Jenny Hall
Gavin Patterson
lain Lyons
Elizabeth Down
Timothy Cairns
Pamela Wilson
Jonathan Rainey
Prlncipal Office-bearers
Clergy.. Rev Clive Atkinson, Rev Elaine Pentland
Church Secretary: Kyle Flanigan (Appointed 26, April 2023. resigned 17 April 20241 Jenny Hall IAppointed 17, April
20241
Rector's Church Warden.. Arthur Blair
People's Church Wardens.. Elizabeth Down, Alice Myles, Francis Khamanra
Rector's Glebe Warden.. lain Lyons
People's Glebe Warden: David Woods
Church Treasurer: Jonathan Rainey (Appointed 17 April 20241
th
Independent Examiner
Bankers
Michael Mccarter FCA,
GMCG Chartered Accountants,
17 Mandeville Street,
Portadown,
County Armagh
BT62 3PB
Danske Bank,
Donegall Square West,
Belfast,
BTI 6JS

Willowfield Parlsh Church
Trustees, Annual Report for the year ended 31 December 2023
The trustees present the annual report and accounts for Willowfield Parish Church for the year ended 31 December 2023.
The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting
by Charities" {FRS 1021 in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policles set out in notes to the financial
statements and applicable accounting standards, 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021, the charity's governlng document, the Charities Act (Northern Ireland) 2008, Charities
Act (Northern Ireland} 2013, The Charities IAccounts and Reports) Regulations (Northern Ireland) 2015 and UK Generallv
Accepted Accounting Practice.
Reference and admlnistrative details
Charity Name:
Willowfield Parish Church
Charity Registration Number..
NIC101980
Contact Address:
Willowfield Parish Church Office, 330-332 Woodstock Road, Belfast, BT6 9DP
Independent Examiner:
Michael Mccarter FCA, GMCG Chartered Accountants, 17 Mandeville Street, Portadown.
County Armagh, BT62 3PB
Bankers:
Danske Bank, Donegall Square West, Belfast, BTI 6JS
Trustees of the Charlty
The members of the select vestry and all Principal Office Bearers can act as trustees for the purposes of charity13w. The
trustees who have served during the year and since the year end are as follows..
Rev Clive Atkinson (Rector)
Andrea Lowrv
Dawn Mayes
Keith Mcmaw
Gavin Patterson
lain Lyons
Elizabeth Down
Alex Mateer Iresigned 17, April 20241
Timothy Cairn5
Kyle Flanigan (resigned 17, April 20241
David Woods
Aliyah Quinn Iresigned 31, August 20231
Jonathan Cousins
Brian Mayes
Jonathan Rainey IAppointed 17, April 20241
Andrew Wallace (Appointed 26th April 20231
Arthur Blair (Appointed 26th April 20231
Francis Khamanra (Appointed 26th April 20231
th
John Moore IAppointed 17 April 20241
th
Ben-juhah Simpson IAppointed 17 April 2024)
Jenny Hall IAppointed 17" April 20241

Wlllowfield Parish Church
Trustees, Annual Report for the year ended 31 December 2023 (continued)
Oblectlves and Activitles
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of Willowfield Parish is to support the advancement of the Christian religion by promoting, through
the work of Willowfield 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 Chrlstlanity.
As a result of activity in the pursuit of the advancement of the Christian religion, Willowfield Parish has custody of property
and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is
undertaken by the select vestry of Willowfield Parish.
Compllance wlth Public Beneflt
The Parish has given careful consideratlon to the Charity Commlssion for Northern Ireland's guidance on public benefit to
ensure that the activities entered into during the year have helped to achieve the Parish's objectives and activities, as well
as providing public benefit.
Achievements, Performance and Public Beneflt
2023 was a year in which we sought to continue to build generating momentum throughout our weekly programmes, enabling
us to seNe the local community as well as our congregation. We offered the occasional pastoral services such as baptisms,
thanksgivings, weddings and funerals, celebrating the major festivals of Easter and Christmas as well.
Outreach
We were able to offer a full programme ofyouth and children programmes. We were able to open the doors ofthe Church
Hall to the wider community through events such as Open House, an opportunity for anyone and everyone to drop in, have
something to eat and chat to staff and other users.
We were able to support local families through our Famlly Support Team and through programmes deliberated design to
meet the needs of both children and teenagers.
The Alpha Course was offered during both the Autumn and Winter months in the Church and Door to Door work along
local streets returned.
Servlce
Our staff and team of volunteers have shown again they are committed to living and serving our local community and
meeting local needs. Our Food Bank has provided food and vouchers for heating and lighting to many within the local
community. Prayer ministry for people with physical, mental, emotional and spiritual needs was gradually introduced on
Sundays. Pastoral visiting became possible again with the opportunity to visit Care Homes, Hospltals as well as people in
their homes.

Wlllowf ield Parish Church
Trustees, Annual Report for the year ended 31 December 2023 (continued)
Dlscipleship
At the heart of Willowfield lies the call to help people live out their faith in the cut and thrust of everyday lives. Sunday
services, midweek Life Groups and one to one catch ups are a significant part of this calling.
Flnanclal Revlew
During the year ended 31 December 2023, total expenditure of £496.536 exceeded total income of £484,932 by £11,604.
The net expenditure before transfers and gains / losses on investments is £11,938 lower than in the year ended 31
December 2022. There was a decrease of £5,284 in income from donations and other trading activities and a decrease of
£17,222 in charitable expenditure.
Reserves pollcy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets
held by the charity are needed to meet the working capital requirements of the charity and to enable the charity to
effectively manage any unforeseen risk or financial difficulties.
At 31 December 2023, the balance of unrestricted funds is £36,37212022: £54,061), the balance of restricted funds is
£1,543,72412022.' £1,537,639) and the balance of endowment funds is £117,769 12022: £117,301). The trustees are
satisf led that the level of reserves is sufficient to continue the current activities of the charity in the event of a significant
shortfall in income leve15. The trustees will continue to review the reserves policy to ensure that the policy reflects the
needs of the charity in a changing environment.
Plans for future periods
We will continue to serve the local community around us. particularly through the use of the re-developed church halls.
The church halls give us the resources and opportunity to reach those who are most in need within East Belfast. We will
continue our wide range of outreach programmes, including Alpha, pub ministry, door to door work, healing
on the streets, men's and women's ministries. We will continue to prioritise our children's and youth work, providing
age-appropriate programmes that foster spiritual growth and community engagement.
Moreover, alongside our community focus we will continue to reach out to those in need across the world. We plan to
continue helping both financially, but also by sending people to countries like Cambodia and Mexico. Also, to give our
church community the opportunity to grow together, we will continue our programme of Parish Weekends every two
years, with the next taking place in 2024.
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 end 31 December 2023 can be
signed off as a going concern.
Structure, Governance and Management
Governing Document and Constltutlon of the Charity
Chapter 111 of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry
members and Principal Office Bearers can act as the Charity Trustees.
Recruitment und Appolntment of Select Vestry
ASI 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 parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the
select vestry.

Wlllowfleld Parish Church
Trustees, Annual Report for the year ended 31 December 2023 {contlnued)
Structure, Governance and Management (continued)
Recruitment und Appointment of Select Vestry (contlnued)
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
nnually and there is no Ilmit on the number of terms which may be served.
Pay and remuneratlon
Acting in his role as Rector of Willowfield Parish Church, the Rev Clive Atkinson received a stipend and office and
locomotory allowance in accordance with figures approved by the General Synod of the Church of Ireland. Acting in the
role as Curate of Willowfield Parish Church, Mrs E M Pentland receives a stipend and office and locomotory allowance in
accordance with figures approved by the General Synod of the Church of Ireland. Both these have been detailed in note
10 in the Notes to the financial statements. No other charity trustees receive any remuneration from Willowfield Parish
Church.
Organisational Structure
The select vestry 15 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 I'the curate"), 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 maklng 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 or by the diocesan synod. Special meetings rnay be convened at
any time by the chairperson or the churchwardens.
Related party
Willowf ield Parish Community Association, a charitable company reglstered in Northern Ireland (charity number.. NIC
103336 and company registration number N10628081 is a related party of the charity a5 Reverend Clive Atkinson acts as
trustee for both charities.
Statement of Trustees, Responsibillties
The trustee5 are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in the Northern Ireland requires the trustees to prepare flnancial statements for each
financial year which glve a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that period. In preparing these financial statements, the trustees are required
to..
select suitable accounting policies and then apply them conslstently;
observe the methods and principles in the Charities SORP 2019 IFRS 1021,.
make judgments 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.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will
continue as a going concern.

Wlllowheld Parlsh Churth
TTU$tee5' Annuol R¢port for the year ended 31 December 2023 Irontlnuedl
statement of Trustees, Responslbllltl•s l¢ontlnuedl
The trustees are responsible for keepln8 woper a¢¢ountlng re£ords that d15c105* Wlth Teasonable accuracy at any lime the
financial posliion of the Parish and enable them to ensuie that the financial statements comply with the Charitlei Act
INorth&¥n Irel8ndl 2008, the CharltylA¢¢ounts and Reports) Aegulailons INortheitt Ifel8ndl 201S and the piovisions ol ihe
Constitution ol the Church of Ireland. They are also responsiblt for safeguarding the assets of the Parish and hence for
taking rtasooable stèps for the prevention and detection of froud and other IifeEulafities.
The trustees 8re Tesponslble Itir the mèlntenance and Integiity of the thaTity and financial Informatlon included on the
charivs webslte. Le8islation In the United Klngdom governing the prepaiation and dissemlnation of finan¢ièl statements
ma¥ dlffer from leglslatStsn In otherlurisdlrtion
Statement as to d15c105ufe to our Independent Examlner
In $0 far as the trustèès are aware at the tlmlng of approvlng ouriiust#es' annual report.,
there is no relevant InformatSon for the independent examiner of whlch the ch#riVs Independent examinei Is
unaware. aftd
the tr¢Jstees have taken all steps that they ov8ht to have tsken to make themselves aware of any relevant
Infoimatlon and to establlsh that the charivs independent examlner is aware of Ihat information.
Signed on behalf of the Trustees:
Revd Clive AtkSn50n
Trustee
jonathan Rainey
Tfustee
Date..
31 /1./1,

CIIARTERED AecouNfANT8
Willowfield Parish Church
Independent Examlner's Report to the Trustees of Wlllowfleld Parlsh Church
For the year ended 31 December 2023
I report on the accounts of the charity for the year ended 31 December 2023 as set out on pages 9 to 29.
Respective Responsibilities of Trustees and Independent Examlner
The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements
of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law
and is eligible for independent examination, it is my responsibility to:
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
follow the procedures laid down in the general Direction5 given by the Charity Commission for Northern
Ireland under section 6519llbl of the Charities Act; and
state whether particular matters have come to my attention.
Basls of Independent Examiner's statement
I have examined your charity accounts as required under section 65 of the Charities Act any my examination was
carried out in accordance with the general Directions given by the charity Commission for Northern Ireland under
section 6519llb} of the Charities Act. The examination included a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes consideration of any
unusual items or disclosures in the account5, 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 rne cause to believe..
That accounting records were not kept in accordance with section 386 of the Companies Act 2006.
That the accounts do not accord with those accounting records.
That the accounts do not comply with the accounting requirements of section 396 of the Companies Act
2006 and with the methods and principles of the Charities Statement of Recommended Practice
applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland.
That there is further information needed for a proper understanding of the accounts to reached.

Willowfleld Parish Church
Independent Examlner's Report to the Trustees of Willowfield Parlsh Church Icontinuedl
For the year ended 31 December 2023
Independent Examlner's statement
I can confirm that l am qualif led to undertake the examination because l am a registered member of the institute
of Chartered Accountants Ireland which is one of the listed bodies.
I have completed my examination and have no concerns in respect of matters111 to141 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.
cqUICx
C M Mccarter FCA Ilndependent Examiner)
Chartered Accountants Ireland
For and on behalf of
GMCG Portadown
Chartered Accountants & Statutory Auditor
17 Mandeville Street
Portadown
County Armagh
BT62 3PB
l Ocknknj

Wlllowfield Parish Church
statement of Financlal Activities
Year ended 31 December 2023
Unre5trlcted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
Total
2022
Note
Income and endowments from:
Donations & legacies
Other trading activitles
Investments
407,334
38,282
521
37,286
1,503
444,620
39,785
527
439,915
50,273
28
Total Income and endowment5
446,137
38,795
484,932
490,216
Expenditure on:
Raising funds
Charitable activities
Total Expendlture
1507)
1453,3071
1453,814)
15071
1496,0291
(496,5361
17091
1513,0491
1513,7581
142,7221
142,7221
Net expenditure for the year before
gains/llosses) on Investments
17,6771
13,9271
111,6041
123,5421
Net gainslllosses) on Investments
Net expenditure
(7,6771
13,9271
111,6041
123,5421
Transfers between funds
{10,0121
10,012
Other recognlsed gainslllossesl:
Gains/lLossesl on revaluation of
investments
468
468
16.3931
Net movement In funds
117,689)
6,085
468
111,136)
129,9351
Reconclllatlon of funds:
Total funds brought forward
54,061
1,537,639
117,301
1,709,001
1,738,936
Total funds carried forward
36,372
1,543,724
117,769
1,697,865
1,709,001
All income and expenditure derive5 from continuing activities.

Wlllowneld Pgrlsh Chiirtli
Bblance Sheet
Yearended 31 December 1023
Note
2023
2022
Flxed Assets
TanEible a55els
HeTlt8ge assets
Investments
12
13
14
1,465,950
1,465,950
117,769
1,583,719
117.301
1,583,25J
Current Asset5
Debtors
Cash at bank and In hand
15
123.617
270,407
394,024
134,89S
24,854
159,749
Credllors; •Mounts f8lllng due wlthln oneyear
Net CurrentAs$et$
16
129,8781
364,146
133,9991
125,750
Credltois: amounts falllng due after more th4n oneyear
17
1250,(4)01
NotAssets
J.697,865
1,709,IJOI
ChaTIty funds
Endowment funds
Permanent endowment
Rest¥icted funds
Unrestllcted fuftds
18
18
18
117,769
1,543,724
36.372
117,301
1,537,639
54,061
Total charity lund5
1,697,865
1,709,(J)I
The
nanclal statements wÈro approved and authorlsed for issue by the 8oard on....,...........,...............
Revd Cllve Atkinson
Tiustee
jonathan Ralney
Trustee
Ihe notes on pages l?. lo J.9 foiiii pait of iliese Ilnai)clal stalemenls
10

Willowfield Parish Church
Statement of Cash Flows
Year ended 31 December 2023
Total
2023
Total
2022
Note
Cash flows from operating activltles:
Net cashflowfrom operating actlvltles
20
14,9741
137,1561
Cash flows from investln8 actlvlties:
Dividends, interest and rents from investments
Draw down on Investments
Proceeds from sale of investments
527
28
6,994
1201
Net cash flowfrom investlng actlvltles
527
7,002
Cash flows from financlng activities:
Proceeds from new loan
250,000
Net cash flowfrom Ainanclng actlvitles
250,000
Net decrease in cash and cash equivalents
245,553
130,154}
Cash and cash equlvalents at l January 2023
24,854
55,008
Cash and cash equivalents at 31 December 2023
270,407
24,854
Cash and cash equlvalents consists of:
Cash at bank and in hand
270,407
24,854
Cash and cash equlvalents at 31 December 2023
270,407
24,854

Wlllowfield Parlsh Church
Notes to the flnancial statements
Year ended 31 December 2023
l. Summary of slgnificant actountlng pollcles
The principal accountirig policies adopted, judgements and key sources of estimation uncertainty in the preparation of the
financial statements are as follows..
a) General Informatlon and basls of preparation
Willowfield Parish Church is a charity and is part of the registered charity, BelfastlBelfast: Willowfield/Willowfield Parish
Church/Down & Dromore/Church of Ireland which reElStered with The Charitycommission for Northern Ireland on 9 March
2015.The address of the registered office is given in the charity information on page l of these financial statements. The
nature of the charity's operations and principal activities are the advancement of religion.
Belfast/Belfast: Willowfield/Willowfield Parish Church/Down & Dromore/Church of Ireland, a charitable trust is constituted
th
under a trust deed dated 9 March 2015.
Belfast/Belfast: Willowfieldlwillowfield Parish Church/Down & Drornorelchurch of Ireland constitutes a public benefit
entity as defined by FRS 102.
Statement of Com
liance
The financial statements have been prepared in accordance with applicable accounting standards, Accounting and
Reporting by Charities- Statement of Recommended Practice applicable to charities preparlng their accounts in accordance
with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act (Northern Ireland)
2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations INorthern Ireland) 2015 and
UK Generally Accepted Accounting Practice.
The financial statements have been prepared on the going concern basis under the historical cost convention, modified to
include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the
charlty and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have
been consistently applied to all years presented unless otherwise stated.
bl Preparation of accounts on a going concern basls
The Parish generally meets its day to day working capital requirements from its annual income. The financial statements have
been prepared on a going concern basis asthe trustees believethat no material uncertainties exist. Thetrustees have considered
the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is sufficient with the level of resources for the charity to be able to
continue as a going concern.
cl Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity which have
not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Thi5
designation has an administrative purpose only and does not legally restrict the trustees, discretion to apply the fund.
12

Willowfleld Parlsh Church
Notes to the financlal statements (continued}
Year ended 31 December 2023
l. Summary of signiflcant accounting policies IcontSnued)
cl Funds {contlnuedJ
Restricted funds arefunds subject to specific requirements as to their usewhich may be declared by the donor or with their
authority or created through legal processes, but still within the wider objects of the Parish. The cost of raising and
administering such funds are charged against the specific fund.
Endowment funds arefunds which have been given on the condition thatthe original capital sum is not reduced, principally
bonds held with Barclays, stocks, shares and RCB Unit Trusts. Income arising on the endowment funds can be used in
accordancewith theobjectsof thecharity and is included as unrestricted income.
dl Income
Plate Collections, Weekly Envelopes, Graveyard income and Columbarium income are accounted for on a cash receipts basis
as the amount is collected.
Income arising from the rental of Parish Centre facilities to third parties is recognised when the parish has entitlement
to the funds, any performance conditions attached to the income have been met, it is probable that the income will be
received and the amount can be measured reliably.
Incomefrom Eovernment and othergrants, whether'capital, grants or'revenue, grants, is recognised when the charity has
entitlement to the funds, any performance conditions attached to the grants have been met, itis probable that the
incomewill be received and the amount can be measured reliablyand is notdeferred.
Legacies are included within income under either unrestricted or restricted funds according to the terms under which the
donation is made. For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the
legacy being received. Al this point income is recognised. On occasion legacies will be notified to the charity however, it is not
possibleto measuretheamountexpected to bedistributed. On theseoccasions,the legacy is treated as a contingent asset
and disclosed.
Donations and gifts in kind are brought into the accounts at their falr value to the Parish.
Income from tradin8 activities includes income earned from fundraising event5 and trading activitie5 to raise funds for the
charity. Income is received in exchange for supplying good5 and services in order to raise funds and is recognised when
entitlement has occurred.
Investment income is earned through holding assets for investment purposes such as shares, unit trusts and property. It
includes dividends, interest and rent. Where it Is not practicable to identify investment management costs incurred within
a scheme with reasonable accuracy the investment income is reported net of these costs. Interest and dividendstogether
with any reclaimable tax credits are included in the accounts as received. Rent is included in the accounts when it is
receivable.
el Expendlture
All expenditureisaccounted foron an accruals basisand has been classified under headingsthat aggregateall costs related to the
category. Expendlture is recognised once there is a legal or constructive obligation to makea payment to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
13

Wlllowfleld Parlsh Church
Notes to the financial statements Icontinuedl
Year ended 31 December 2023
l. Summary of significant accounting pollcles (continued)
61 Expendlture (continued)
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the
category. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
Is probable that settlement will be required and the amount of the obligation can be measured reliably.
It is categorised under the following headings:
Cost of r3i5ing funds includes office running expenses,.
Expenditure on charitable activities includes wages and salaries, Diocesan a55essments, church running costs, Glebe costs
and charitable donations; and
Other expenditure represents those items not falling in to the categories above.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office
costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of
the charity, Where support costs cannot be directly attributed to particular headings they have been allocated lo cost of raising
funds and expenditure on charitable activities on a basis consistent with use of resources.
The analysis of these costs 15 included in note 5,
g) Tangible flxed assets
Tangible fixed assets are stated at cost lor deemed costl. Costs include costs directly attributable to making the asset capable
of operating as intended.
Tangible fixed assets of the Parish comprise:.
Church Halls
Glebe House
Curatage
No depreciation has been provided on the Church Halls as the current estimated residual value is not less than its carrying value
and the remaining useful life currently exceeds 50 years.
Glebe House and the, Curatage are recognised at cost / deemed cost, being the estimated fair value of the property at the most
recent valuation date conducted by Land and Property Services. No depreciation has been provided on Glebe House and the
Curatage as the current estimated residual va5ue is not less than its carrying value and the remaining useful life currently exceeds
50 years.
Tangible assets are derecogni5ed on disposal or when no future economic benefits are expected, On disposal, the difference
between the new disposal proceeds and the carrying amount is recognised in the statement of financial activities and included
in 'Other operating Ilossesl/gain5'.
The costs of minor additions, where the useful life is considered to be less than 2 years, are not capilalised.
14

Willowfield Parlsh Church
Notes to the financial statements Icontlnuedl
Year ended 31 December 2023
q. Summary of signlflcant accounting policies (contlnuedj
h) Heritage assets
The Church Building is deemed to be Heritage asset5 as defined by the Charities SORP 2019 IFRS1021.
These Heritage assets are not included on the balance sheet 35 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.
Any repairs to Heritage assets are expensed in the SOFA.
i) Investments
Fixed asset investments comprising investment properties, investments in equities and investment in RC8/CIT Unit Trusts are
initially recorded at cost and are then subsequently stated at fair value at each balance sheet date.
Investments in unquoted investments are recorded at cost and are assessed annually for impairment.
Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if
purchased in the year, the difference between cost and fair value at the end of the year.
Realised gains and losse5 represent the difference between the proceeds on disposal and the fair value at the start of the year
or cost if purchased in the year. Both realised and unrealised gain5 and losses in investments are reporled within 'Net Gains I
ILossesl on Investments" within the Statement of Financial Activities.
j) Cash and cash equivalents
Cash and cash equivalents includes cash in hand, dep051ts held at call with banks, other shorl-term highly liquid investments
with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditors.. Amounts
falling due within l year.
k) Financlal Instruments
The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instru ments. Basic financial
instruments are initially recognised at transaction price and subsequently measured at their settlement value,
11 Tax
A5 a charity, it benefit5 from various exemptions afforded by tax legislation. It is therefore not liable to corporation tax on
income or gains falling due within those exemptions, Recovery is made of tax deducted from receipts under gift aid.
The charity is not registered for VAT purposes; therefore expenditure is shown gross of VAT.
m} Crltlcal accounting judgements and estimation uncertainty
Estimates and judgments made in the process of preparing the financi81 statements are continually evaluated and are based
on historical experience and other factors, including expectations of future events that are believed to be reasonable under the
circumstances,
The Trustees do not consider that there are any critical judgments made in applying the Parish's accounting policies or that there
are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to
carrying amounts of assets and liabilities within the next financial year.
15

Wlllowfleld Parlsh Church
Notes to the financlal statements Icontinuedl
Year ended 31 December 2023
2. Donatlons and legacles
Unrestrlcted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
Total
2022
Plate Collections
Weekly envelopes / FWO
Tax recovered on Donations
Special Appeals
Grants
Legacy
Other
18,098
302,014
57,655
3,438
16,733
3,054
2,811
21,536
318,747
60,709
2,811
2,035
20,000
18,782
444,620
16,145
320,726
64,532
9,101
1,978
2,035
20,000
7,532
407,334
11,250
37,286
27,433
439,915
Income from donations and legacies was £444,62012022.' £439,915} of which £Nil12022: £Nill was attributable to
endowments, £37,28612022'. £75,842) was attributable to restricted and £407,33412022'. £364,0731 was attributable to
unrestricted.
3. Other trading activltles
Unrestrlcted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
Total
2022
Contributions to church funds
38,282
1,503
39,785
50,273
Income from other trading activities was £39,785 12022.. £50,273) of which £Nil 12022.. £Nill was attributable to
endowments, £1,50312022: £4,831) was attributable to restricted and £38,28212022.' £45,442) was attributable to
unrestricted.
16

Willowfleld Parlsh Church
Notes to the flnancial statements Icontinuedl
Year ended 31 December 2023
4. Investments
Unrestricted
Funds
2023
Restricted
Funds
2023
Endowment
Funds
2023
Total
2023
Total
2022
Investment income
521
521
527
527
28
28
Income from investments was £52712022: £281 of which £Nil12022- £201 was attributable to endowments, £612022.. £81
was attributable to restricted and £52112022.. £Nill was attributable to unrestricted.
Allocatlon of support costs
Raising
funds
Charitable
actlvlty
Total
2023
Other
Governance
Office costs
2,192
2,192
507
507
507
2,192
2,699
Ralsing
funds
Charitable
activity
Total
2022
Other
Governance
Office costs
2,100
2.100
709
2,809
709
709
2,100
Governance costs
Total
2023
Total
2022
Independent examiner fees
2,192
2,100
17

Willowfield Parlsh Church
Notes to the flnanclal statements Icontlnued)
Year ended 31 December 2023
7. Analysis of Expenditure
Unrestricted
Funds
2023
Restrlcted
Funds
2023
Endowment
Funds
2023
Total
2023
Raising Funds
Other
507
507
507
507
Charitable Actlvltles
Wages and Salaries
Donations
Diocesan Assessment
Church Running Costs
Glebe Costs
Rectory Costs
Charitable Donations
Ministry
Youth
Men's Ministry
Women's Ministry
Outreach
Young Adults
Alpha
U/Turn
297,051
25,204
29,290
18,488
58,836
464
5,634
6,955
8,205
298
53
2,171
297,051
25,204
29,290
18,488
59,620
3,514
40,248
10,705
8,729
298
53
2,171
784
3,050
34,614
3,750
524
658
658
453,307
42,722
496,029
Total Expendlture
453,814
42,722
496,536
18

Wlllowfield Parish Church
Note5 to the financial statements (continued)
Year ended 31 December 2022
7. Analysis of Expendlture Icontlnued)
Unrestricted
Funds
2022
Restricted
Funds
2022
Endowment
Funds
2022
Total
2022
Raising Funds
Other
709
709
709
709
Charitable Activities
Wages and Salaries
Donations
Diocesan Assessment
Church Running Costs
Glebe Costs
Rectory Costs
Charitable Donations
Ministry
Youth
Men's Ministry
Women's Ministry
Outreach
Young Adults
Alpha
unurn
276,096
43,904
27,148
17,741
40,911
276,096
43,904
27,148
17,741
66,526
iio
49,499
20,968
7,032
25,615
iio
49,499
12,683
8,285
7,032
452
2,022
165
717
452
2,022
165
717
669
513,049
669
88,576
424.473
Total Expenditure
425,182
88.576
513,758
8. Fund transfers
Funds are transferred from unrestricted funds to restricted funds to cover shortfalls in restricted funding.
When there is a small balance left on a restricted fund and it is not feasible to pay over the remaining balance on the
project as it has now ceased, the remaining fund balance is transferred to unrestricted funds.
9. Taxation
The charity is exempt from income tax and capital gains tax to the extent that it's income and gains are applied for
charitable purposes. No tax charge has arisen in the year.
19

Willowfield Parlsh Church
Notes to the flnanclal statements {contlnuedl
Year ended 31 December 2023
10,Trustees' and key management personnel remuneratlon and expenses
The trustees received remuneration in the year totalling £93,13412022: £74,452) and an analysis of the remuneration is
shown in the tables below.
The total amount of employee benefits received by key management personnel is ENil12022'. £Nill. The trust considers its
key management personnel comprise the trustees.
No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the
charity during the year.
The parish paid expenses of £85612022: £481 relating the running costs of the Glebe House which is occupied by the rector
and £Nil12022'. £2,622) relating to the Curatage.
For the year 2023, the values approved by General Synod and implemented by the Select Vestry of Willowfield Parish
ChLtrch were-
Total
2023
Rector
Vicar
Curate
Stipend
Locomotory expenses
Expenses of office allowance
Heating allowance
Pension contribution
36,475
6,590
800
500
10,848
23,325
6,290
170
59,800
12,880
970
500
18,984
8,136
For the year 2022 the values approved by General Synod and implemented by the Select Vestry of Willowfield Parish
Church were:
Total
2022
Rector
Vicar
Curate
Stipend
Locornotory expenses
Expenses of office allowance
Heating allowance
Pension contribution
36,475
6,590
800
500
9,952
12,258
3,669
170
48,733
10,259
970
500
13,990
4,038
20

Willowfield Parlsh Church
Notes to the flnanclal statements {continuedl
Year ended 31 December 2023
10. Trustees, and key mana8ement personnel remuneration and expenses {contlnuedl
Some Trustees received reimbursement for expenses incurred on behalf of the Parish:
Total
Amount
2023
Total
Amount
2022
Trustee
Expense Description
Ministry Expenses
Leaving gift
Ministry Expenses
Training
Scarlett Bequeath Expenses
Life Group
Groceries
Rev K. Salmon
Rev K. Salmon
Rev C. Atkinson
Rev C. Atkinson
Rev C. Atkinson
Rev E Pentland
Rev E Pentland
loo
2,500
606
72
40
94
74
88
30
286
3,318
11. Staff costs and employee beneflts
The average monthly number of employees and full time equivalent IFfEI during the year was as follows..
2023
Number
2022
Number
Ministerial support
Administration
Music and lighting staff
Premises maintenance
12
li
The total staff costs and employee benefits were as follows:
2023
2022
Wages and salaries
Social security
Defined contribution pension cost5
254,379
21,289
21,383
297,051
240,424
18,853
16.819
276,096
No employees received total employee benefits lexcluding employer pension costs) of more than E60,00012022:
none).
21

Willowfield Parish Church
Notes to the flnanclal statements {continued)
Year ended 31 December 2023
12. Tangible fixed assets
Bulldlngs
Church Hall
Total
Cost
At l January 2023 and at 31 December 2023
287,500
1,178,450
1,465,950
Depreciation
At l January 2023 and at 31 December 2023
Net book value:
At 31 December 2023
At 31 December 2022
287,500
287,500
1,178,450
1,178,450
1,465,950
1,465,950
The net book value of land and buildings comprised:
2023
2022
Land and buildings:
Freehold
Long leasehold
Short leasehold
1,465,950
1,465,950
1,465,950
1,465,950
Tangiblefixed assets held at valuation..
The historic cost equivalent of land and buildings included at valuation are as follows,.
2023
2022
Land and buildings..
Cost
Accumulated depreciation
Net book value
287,500
287.500
287,500
287,500
22

Wlllowfleld Parish Church
Notes to the financlal statements Icontlnuedl
Year ended 31 December 2023
13. Heritage assets
The Church Building is deemed to be a heritage asset as defined by the Charities SORP 2019 IFRS1021.
These Heritage assets are not included on the balance sheet as information on the cost or valuation is not avallable and
such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the
parish.
14. Flxed asset investments
Listed
investments
Other
investments
Total
C05t or valuation
At l January 2023
Additions
Drawdown
Revaluation
At 31 December 2023
844
116,457
117,301
468
116,925
468
844
117,769
Impairment
At l January 2023 and at 31 December 2023
Carrylng amount
At 31 December 2023
At 31 December 2022
844
844
116,925
116,457
117,769
117,301
Investments at fair value comprise:
2023
2022
Unit trusts
Listed investments
116,925
844
116,457
844
117,769
117,301
The fair value of investments is determined by reference to the valuations provided by Barclays, RCB Unit Trusts, M&G
investments and market values at 31" December 2023.
23

Willowfield Parlsh Church
Notes to the flnanclal statements Icontinuedl
Year ended 31 December 2023
15. Debtors
2023
2022
HMRC (Gift Aldl
Prepayments
Other debtors
122,367
129,880
1,706
3,309
134,895
1,250
123,617
16. Creditors: amounts falllng due within one year
2023
2022
Accruals
29,878
33,999
17. Credltors: amounts falling due after more than one year
2023
2022
Loan
250,000
The loan is an unsecured, non-interest bearing loan.
24

Wlllowfield Parlsh Church
Notes to the flnanclal statements (continued)
Year ended 31 December 2023
18. Fund reconciliatlon
At31
December
2023
At l January
2023
Gains /
(Losses)
Income
Expenditure
Transfers
Restricted Funds
Building Fund
Specific donations fund
U/TURN
CAP
Food Store
Prospects Fund
Harvest
Covid Fund
Mission Allocation
Float - church hall
Project Rwanda
Ukraine Appeal
Scarlett
Church Hall
1,193,628
19,115
7,520
9,760
2,691
344
3,115
6,327
17,714
1,738
13,8341
130.1091
1,207,508
9,256
7,520
13,965
1,134
344
3,115
6,327
4,205
2,616
14,1731
loo
18561
756
1,266
1,266
4,071
10,974
287,500
4,071
3,468
287,500
11,256
13,7501
1,537,639
38,795
142,7221
10,012
1,543,724
Unrestricted Funds
General fund
54,061
446,137
1453,8141
110,0121
36,372
54,061
446,137
1453,8141
110,0121
36,372
Endowment funds
stocks
844
844
Bonds
116,457
468
116,925
117,301
468
117,769
1,709,001
484,932
{496,536)
468
1,697,865
25

Wlllowfield Parlsh Church
Notes to the flnanclal statements {continued)
Year ended 31 December 2023
18. Fund reconclllatlon (continued)
At31
December
2022
At l January
2022
Gains/
(Losses)
Income
Expenditure
Transfers
Restricted Funds
Building Fund
Specific donations fund
U/TURN
CAP
Food Store
Prospects Fund
Harvest
Covid Fund
Mission Allocation
Float - church hall
Project Rwanda
Ukraine Appeal
Scarlett
Church Hall
1,197,103
18,807
8,189
9,760
1,096
344
3,115
6,327
3,296
loo
22,250
8,310
125,7251
18,0021
16691
13,3871
{4,2001
1,193,628
19,115
7,520
9,760
2,691
344
3,115
6,327
3,387
5,795
1,361
{1,3611
29,253
132,5491
loo
4,071
6,254
4,071
3,468
287,500
9.897
287,500
{12,683)
1,545,534
80,681
188,576}
1,537,639
Unrestricted Funds
General fund
62,734
409,515
1425,1821
6,994
54,061
62,734
409,515
1425,1821
6,994
54,061
Endowment funds
Stocks
Bonds
844
129,824
844
116,457
20
16,9941
16,3931
130,668
20
16,9941
16,3931
117,301
1,738,936
490,216
1513,7581
16,3931
1,709,001
26

Wlllowfleld Parlsh Church
Notes to the flnancial statements Icontlnuedl
Year ended 31 Dècember 2023
18. Fund reconclliation Icontinuedl
Fund descriptions
al Unrestricted funds
The income in the General Fund comprises mainly of donations from collections and gift aid. Expenses within the
General Fund relateto the raising of funds and charitable activities of the charity.
b} Designated funds
No funds were designated at the period end.
c} Restricted funds
The income in the restricted funds relates to donations to the building fund and other specific donations during
the year.
dl Endowmentfunds
Endowment funds are Made up of l year Bonds, Stocks and Shares and Unit Trusts.
19. Analysis of net assets between funds
Unrestricted
funds
Deslgnated
funds
Restricted
funds
Endowment
funds
31 December 2023
Total
Fixed assets- tangible
Fixed assets - investments
Cash
Other current assets
Current liabilities
Creditors.. amounts falling due after
more than one year
1,465,950
1,465,950
117,769
270,407
123,617
(29,8781
117,769
199,975
116,275
129,8781
70,432
7,342
250,000
36,372
250,000
1,697,865
1,543,724
117,769
Unrestricted
funds
Designated
funds
Restricted
funds
Endowment
funds
31 December 2022
Total
Fixed assets- tangible
Fixed assets - Investments
Cash
Other current assets
Current liabilities
1,465,950
1,465,950
117,301
24,854
134,895
33,9991
1,709,001
117,301
112,5911
89,564
122,912
54,061
37,445
45,331
11,0871
1,537,639
117.301
27

Willowfield Parlsh Church
Notes to the financial statements {continuedl
Year ended 31 December 2023
20. Reconciliation of net expenditure to cash flow from operating actlvltles
2023
2022
Net expenditure for the year
Dividends, interest and rent from investments
Decrease in debtors
IDecreasel in creditors
Net cash flow from operating activities
{11,604)
1527)
11,278
14,121)
14,974)
123,5441
1281
740
114,3241
137,1561
21. Analysis of changes In net debt
2022
Cash Flows
2023
Long-term Borrowings
250,000
250,000
Total Liabilities
250,000
250,000
Cash and cash equivalents
124,8541
1245.5531 {270,4071
Total Net Debt
124,8541
4,447
120,4071
22. Penslons and other post-retirement beneflts
Deflned contribution pension plan
The charity operates a defined contribution pension plan for it5 employees. The amount recognised as an expense in the period
was £21.38312022- £16,819).
The contributions for the Rector & Curate came to £18.98412022 - £13,990} and for other employees £2,39912022
£2,829)
The defined contribution liability is allocated to charitable actlvities.
23. Flnancial commitments
Contractual commitments are for the acquisition of tangible fixed assets contracted for but not provided in the financial
statements amounted to £Nil12022: £Nil}.
28

Willowfield Parish Church
Notes to the flnanclal statements {contlnuedl
Year ended 31 December 2023
24. Related partytransactions
Reverend Cllve Atkinson acted as a trustee of Willowfield Parish Communlty Association. Also, see note 10 'Trustees'
and key management personnel remuneration and expenses." During the year donations totalling £41,81112022
£48,683) were pald to Willowfield Parish Community Association. During the year donations totalling £5,00012022
£3,154) were received Irom Willowfield Parish Community Association.
Donations from Trustees and their spouses during the year totalled £37,97112022'. £25,112).
25. Ethical standards
Incommon with many other organisations of our size and nature we use our accountants to assist with the preparation
of the flnancial statements.
29