Church of the Eplphany Parish of Upper Malone Trustees, Annual report and Statement of Recelpts and Payments and Assets and Liabllitles For the year ended 31 December 2023 Charltles Number: NIC101986 Church of the Epiphany Parish of Upper Malone Annual report and financial statements for the year ended 31 December 2023 Contents Pages References and administrative details of the Charity Trustees, report Independent Examiners Report to the Trustees Receipts and payments account Statement of a55ets and liabilities Notes to the financlal statements Church of the Eplphany Parlsh of Upper Malone Year ended 31 December 2023 References and adrninlstratlve detali s Charity Name: Church of the Epiphany Parish of Upper Malone Charity Registration Number: NIC101986 Contact Address.. 104 Upper Lisburn Road Finaghy Belfast BTIO OB8 Trustees Mrs Caroline Anne Stephens Mrs Anne stockman (resigned 2 April 20231 Mr Victor Stephens Miss Sylvia KÈnnedy Mrs Matllda Harold Mrs Evelyn Wright Rev. Louise Stewart Miss Roberta Emily Kennedy Mrs Valerie Margaret Beers Miss Edlth Mccarthy Mrs Edna Sloss (resigned 2 April 20231 Mrs Jennifer Taylor Mr5 Gloria Aicken Mrs Alexandra Shivers Mr Brian Aicken Ms Robert.a Peters Prlncipal Offl¢e-bearer5 Clergy: Church Treasurer: Church Warden- Rector's., Church Warden- People's: Rev. Anne Louise Stewart Vacant Miss Sylvia Kennedy Mr Brian Aicken Independent Examlner CG Ta8gart Accountancy Services 17 Cypre55 Crescent Donaghadee Co. Down BT21 OQG Bankers Ulster Bank Ltd. Andersonstown Branch Westwood Centre Kennedy Way Belfast BTII 9BQ CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE Receipts and Payments Account for the year ended 31 December 2023 Restrirted Funds 2023 Funds 2023 Total 2023 Total 2022 F.W.O. and General offerin8S Other donations Tax Relief on Glft-Alded donations Hire ¢ii Ha115 Rectory Rent Investment Income Bank Interest Donations for 3 party charities St. Polycarp's contributlon to ¢ost of Rector Smartles Appeal Governmènt Grant RCB Covld grant Glrls Brl8ade l Fabric fund 19148 22681 600 ', 5473 590 ', 590 8263 21 9013 23 47 1155 31689 311 21 366 355 li 940 rd 32040 680 1129 903 769 1720 769 69078 Total Recel ts 67358 74 Pay.mentS ClÈrgy Costs- stlpend, locomotOry• offlce and Employerfs NIC 39544 44790 I Clergy Costs- pe.nslon Clergy cover Organlst Equlpment and repair5 Statlonery and prlntlng Utllltles and Rates l Dlocesan Assessment Insurance Indepeiident Examiner Garden of Remembrance Miscellaneous expenses Bank charges Incldental runn5n8 tosts i Charltable donations 10848 1 9952 816 1 2340 2445 1 447 395 1620 4386 205 7199 6123 1995 1620 4386 205 6123 1 1995 132 1865 114 92 i 198 192 940 1 940 1 73979 "r.: (490111 Total Pa ments ! Excess of Payments over Re¢eipts lor the year Transfe Openlng Bank balances Closln8 Bank balances 73039 j56811 80397 780 154881 40838 35937 .1. On Behalf of the Trustees Trustee I Trustee 2 CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE Statement of Assets and Liabillties as at 31 December 2023 Note Unrestrlrted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 Total 2022 Cash Funds Bank Accounts Total Cash Funds 35937 35937 40838 40838 34593 34593 1344 1344 Investment Assets Rettory Total Investment Assets 275000 Z75000 l(b) ill 2750CKJ 275000 275000 275000 Gift Aid Overpaid stipend Overpaid NIC Debtors -Total 5c(IO ios 5000 105 687 5792 5758 687 5792 7516 13274 St. Polycarp's Accountancy services Payroll services Independent Examiner PAYE/NIC Credltors- Total 5253 721 324 31KI 5253 721 324 300 4134 132 839 5105 6598 6598 Restrlcted funds Restrlcted funds are monies whlch have been given to the charity for the express purpose of the maintenance of the buildin85. Further detalls can be found in note 3. On Behalf of the Trustees Trustee I Trustee 2 CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE Notes to the financial statements for the year ended 31 December ZOZ3 l. Ac¢ountinB polltles 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 (al Recelpts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash recelpts basis. (b) Statement of Assets and Uabilltles {1) Asset5 retoinedfor the Porlsh's own use The asset5 of the Parish, retained for its own use comprise of-_ Church Building Church Hall The Church 8uilding are deemed to be Heritage assets as defined by the Charities SORP IFR51021. These Heritage asset5 are not included in the statement of assets and liabilities as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish. The Church Hall 15 physlcally attached and on the same grounds as the Church Building, as such is not separable as an individual asset. Therefore, it is deemed to be a Heritage asset and no value is ascribed to it in the statement of assets and liabilitSes. 111 Investment property The Rectory, which Is currently rented out, is reco8nised at a current value of around £275,000. Depreciation is not provided on investment property measured at fair value. Reconclllation of Cash Funds Total Cash Funds at Beginning of the Year Receipts for the Year Payments for the Year 40.838 69,078 {73,9791 Total Cash Funds at End of the Year 35,937 CHURCH OF THE EPIPHANY PARISH OF UPPER MALONE Notes to the financlal statements for the year ended 31 December 2023 (contlnued) Movements in Funds Restricted Funds Atl Jan 2023 Incoming Resources Outgoing Resources Transfer to At 31" Det 2023 Unrestrlrted funds Fabric Fund Collections for 3, Party Charities Total Fund5 564 780 940 1720 1344 940 940 564 1344 Pur 05es of Restricted Funds Income for the Fabric Fund is to be used for expenditure on bulldings. Church Collections for various 3, party charities as detailed in notes 4 and 5. 4. Collections for Thlrd Parties Charlty Donatlons received Z023 Donatlons ye￿IVed 2022 CMSI Christian Aid Bishops, Appeal Total Donatlons 450 280 210 940 555 200 40 1155 5. Charltable Donatlons Charlty Donations made 2023 Donations made 2022 555 400 200 50 CMSI Bishops, Appeal Christian Aid Nl Children's Hospice Total Amount Donated 450 210 280 940 6. Transactions with the Trustees The Rector wa5 paid a Stipend of £37,504 (2022- £34,407), locomotory expenses of £7,00012022 - £6,590) and office allowance of £925 {2022- £8001. The Parish also paid the employerfs and employee's contribution to the Church of Ireland's centrally administrated Pen5i0n f und of £6,44112022 - £5,909). In addition, the parish paid a final contribution to the shortfall in the historic defined benefit church pension scheme of £4.40712022 - £4,043). The rector is also provided with free accommodation in order to fulfil her responsibilities. 55% of the costs of the rector are paid by St. Polycarp's, the parish with which we are grouped. No othertrustee or person related to a trustee received remuneration, benefits or reimbursement of expense5 nor had any personal interest in any contract or transaction entered into by the charity during the year. 7. Governance costs Governance cost5 of £13212022- £114) were paid durin8 the year in respect offee5 to the independent examiner. Independent examinerfs fees for 2023 will amount to £300.