Charlty Reglstration No. NIC 102092
HOLYWOOD PARISH CHURCH
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
harbinson
mulholland

HOLYWOOD PARISH CHURCH
LEGALAND ADMINISTRATIVE INFORMATION
Clergy
Rev. Canon Gareth Hatron
Rev. Ken McGrath
(Resigned 30 April 20221
Select Vestry
Mrs Cheryl Murray
Mrs Heather Mccord (Hon Secretary)
Mr Brian Beatty (Hon Treasurer)
Mr Gavin Panlridge
Mr$ 8etty McLaughlin
Mr Bob Cooke Ivlcafs Glebewardenl
Mi55 Jayne Forster
Mrs Mary Ringland
Mrs Jenny Nobl8
Mr Wlll Keown
Mr Adam Glover
Mr Marc Ba118rd
Mrs Sheelagh Glover (People's Churchwardenl
Mr Drew Wllklnson
Mr5 Maressa Anthony IVica¢5 Churchwardenl
Mr Leslie Allen (People's Glebew3rdenl
(Appointed 3 April 20221
IAppolnt8d 3 April 20221
IAppolnt8d 3 April 2022)
(Appolnted 3 Aprfl 2022)
Charlty nurnbor
NIC 102092
Operatlonal address
71 Church Road
Holywood
Down
BT18 98X
Independent Oxamlner
Harf)Inson Mulholland
Centrepoinl
24 Omieau Avenue
Belfast
Co. Anlrim
Northem Ireland
BT2 8HS
Banker8
Danske Bank
Donegall Square Wesl
Belfast
Co. Anlrim
Northem Ireland
BT16JS

HOLYWOOD PARISH CHURCH
CONTENTS
Page
Select Vestry's report
Independent oxaminerfs report
Statement of fin8naal activltlès
Ststement of fin8nclal p051tion
Slalement of ca8h flows
Notes to tha financl81 statements
7-14

HOLYWOOD PARISH CHURCH
SELECT VESTRYS REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
Structur85 governance and rnanagemont
HolywixJ(i Parish Church Is a p8rt of the Diocese of Down and Dromore within the Church of Ireland and as such
is governed by the constitution of the Church of Ireland.
Activltles
Holywood Parish Church operates in Holywood, County Down, Northern Ireland. Its objective is to be the local
Anglican expression of the Christian Church in Holywood. The Christian Church $88ks to seNe and glorify God,
meeting together as the people of God.
Resulll and achievoments
Th8 net galn for the year amounted to £29.52612021: £76,410), of whlch £14,988 is attrlbutable to unrestricted
reserves which now Stand al £307,35912021' £292,373) and £14.540 is attributable to reslricled reserves.
To achieve its objeGlive$ Holywoc¥J Parlsh Church holds Sunday and week day se￿I¢8S of worshlp, provides 8
variety of other meetings for rnemb8rs and guests, and teaches Its members how to serve and glorify God.
There are usually five Sunday services catering for different grouplngs and preferenc88 of worshlp genr8. A
mldweek servic8 is 8lso held on Wednesday.
There ara meetings for men, women, young people, carers and Infants, and the elderty each week. Many who
attend these meetings are not members of Holywood Parish Church. The meetings are provided partly as
service lo the community and guests are welcome and encouraged.
Chrislian teaching is provid&d in the services of worship and al midweek meetlngs. These meetings are In small
groups m8&tlng in homes or larger gatherings in the church premises.
O¢casion81 speclal events such as conc8rt8 are arranged 8S OPPOrtuni1188 to Invlt• tho wlder communlty to share
th8 resources for which the church Is responsible.
Around 300 people atténd Ihe Sunday services. Up to 1,875 people remain on our database 88 wanting lo be
connècted to Holywood Parish Church.
Publlc Benefit
The Select Vestry belleves that the public benefrts from its Sunday and w88k day services In the educatlon on
howto se￿e and glorify God.
R?Grultmenl and appolntrnent of Selacl Vestry
The Selecl Vestry is appointed on an annual basis at the Easter Vesty. All those on the Gen8ral Vestry Register
are enlilled lo vote according lo the constitution of the Church of Ireland. The churchwardens and slipendiary
clergy are members of the Select Vesty ex officio.
Resgrv•8 poII¢y
The Select Vestry believes that the Church has sufficient reserves to fund its activities in the future.

HOLYWOOD PARISH CHURCH
SELECT VESTRY'S REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
ststement of Select Vgstry's responslbllltlos
The Select V8Stry is required to Prepare the Annual Report and financlal statements for each financial year,
whlch give a true and fair view of the state of the affairs and of the surplus or deficit of the Church for that year
and have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
preparing these the Select Vesty is required to- .
select suitabla accounting pollcies and appty them consist8nUy-
maka ludgemenl$ and estim8t@s that are rea8onabl8 and pnjdent.,
prepare the financial statements on the going concem basis unless it is Inapproprlate to presume that the
church will continue in business.
The Select Vestry is responsible for keeping proper accounting records, which dlsclose wlth reasonable accuracy
at any time the financial posltion of the Church. They are also responsible for safeguarding the assets of the
Church and hen¢& for taking reasonable steps for the provenlion and detection of fraud and other irregularflies.
Soloct Vestry and thelr Intere•ts
The Select Vestry during the y88r and 81 the dats thls report W88 approv8d, Is listed on page 1. A new s818ct
vestry Is elected 8v8ry year bul members are able lo be re-elected an indefinite number of times according lo the
constitution of the Church of Ireland. During the year to 31 December 2022, there wer8 fifteen members of
SeleGI Vestry excluding the clergy.
Indepandenl exarnlners
Harbinson Mulholland have indicated thelr willingne8s lo contSnue in office.
This report ha5 been prepared in acGordan¢e with the Slatemenl of Recommended Practice I'Accounting and
Reportlng by Charitles'l 2015.
By order of th& S818Ct Vestry
fvlk)
Mrg Mares58 Anthony IVIc8r's Churchwarden)
Trusto•
Oaled. 3a.lo..1.23

HOLYWOOD PARISH CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE SELECT VESTRY OF HOLYWOOD PARISH CHURCH
We report lo the Select Vestry on our examination of the financial statem&nts of Holywood Parlsh Church {th8
charity) for the year ended 31 December 2022.
Responslbllltles and bas18 of report
As the Select Vestry of the charity you are responsible for the preparation of the financial slatements and you
have considered the audit requirement of Section 65131 of the Charities Act INI) 2008 (the Charilles Act).
Having satisfied ourselves Ihal the charity is nol subject to audit under company law, and is eligible for
independent examinalion, it is our responsibility to..
examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008.,
follow the procedures laid down in tha general Directions given by th8 cha￿tY Commission for
Northern Ireland under section 6519)Ibl of the Charlties Act;
state whether particular matters have come to our attention.
Ind•p•nd8nt èxamin0￿$ statemènt
We have examined your charlty accounls as required under Section 65 of the Charities Act and our
examination was carried out in accordance with the general Directions given by the Charity Commission for
Northern Ireland under se¢bon 85(91{bl of the Charities Acl. The examination included a review of the
accounllng records kept by the charity and a comparison of the a¢￿UnIS presented with those records. It also
Induded conslderalion of any unusual Items or di8cIosuTes in Iha accounts, and seaklng explanations from you
as charity trustees concerning any such matters.
Our role is to stale whether any material matters have com8 to our attention giving us cause to believe..
The accounting records were not kept in respect of the charély as required by section 63 of the Charities
Act; or
the financlal slalemenls do not accord wllh those records- or
That the financial statements do not comply with the accounting requirements of the Charities Act and
with the methods and principles of the Charities Slalemenl of Recommended Practice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland.
That there Is further Informallon needed for a proper understanding of the accounts to be reached.
We have completed our examlnalion and have no concems In r8spect of the matters 11) to 141 Ilsted above
and, in connection with following the Direction5 of the Charity Commission for Northem Ireland, we have found
no matters that require drawing to your attention.
rrLIL(i(L"'
Harbinson Mulholland
Chartered Accountants
Cent￿point
24 Omeau Avenue
Belfast
Co. Antrim
BT2 8HS
Northem Ireland
Dated: ..

HOLYWOOD PARISH CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestrlctsd Reslrlcted
funds
funds
2022
2022
Total Unr•strl¢ted Restrlcted
funds
nds
2021
2021
Total
2022
2021
Notes
Income from:
Donations 8nd legacies
Investments
347.608
14,372
102,538
450,146
14.372
330,316
11,358
50,947
381,263
11.358
Total Incomo
361,980
102,538
464.518
341,674
50,947
392,621
endlture on:
Charitable acllvltleg
276,565
158,118
434,683
292,296
24.590
316,886
Nel gainsll105sesl on
investments
12
13091
(3091
675
675
Net InGomlngl(outgolng)
resources beforè transfers
85,106
155.5801
29,526
50,053
26,357
76,410
Gross transfers behveen
fundg
170.1201
70,120
Net rnovernent In funds
14,986
14.540
29,526
50,053
26,357
76,410
Fund balances at 1 January
2022
292.373
1C6,507
398,880
242,320
80,150
322,470
Fund balances at 31
Decembar 2022
307,359
121,047
428,406
292,373
106,507
398,880
The stat8ment of flnandal a¢tlvltie8 Includes all galns and losses recognlsed In the year.
All Income and exp8ndlture derive from condnuing actlvltles.

HOLYWOOD PARISH CHURCH
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022
2022
2021
Notes
Flxed assets
Tangible assels
66,520
66.520
Current ass•ts
Debtors
Investments
Cash at bank and In hand
10
12,008
5.275
411,799
16,177
5,584
377,954
429,082
399,715
Crndltors: amounts falllng du• wfthln
one year
13
{67,198)
{67,3551
Net oJrr8nt assets
361.886
332,360
Total assots less current Ilabllhle8
428,406
398,880
Income fundg
Restricted fund5
Unrestrlcted funds
Designated funds
Other designated funds
14
121,047
106,507
242,320
65,039
242.320
50,053
307,359
292.373
307.359
292,373
428,406
398.880
The flnanclal Statements were approved by the Select Vestry on .
Mrs Heather Mccord (Hon Seuetary)
Mr Brian Beaty (Hon Treasu
er)

HOLYWOOD PARISH CHURCH
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2022
2022
2021
Notes
Cash flows from operatlng actlvltles
C8sh generated from operations
18
19,473
61,311
Invastlng a¢Uvltles
Investment Income ￿CeiV8d
14,372
11,358
Net cash generated from Inve8tlng
actlvltles
14,372
11,358
Net rAsh used In flnan¢lng actlvltles
N•t Increa•• In cash And ¢a8h equlvalents
33,845
72,669
Cash and cash equiva18nts at beginning of year
377,954
305,285
Cash and cash equlvalonts at end of yoar
411,799
377,954
The notes on pag88 710 14 form p8rt of these financial st8ternents.

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounting pollcles
1.1 Accountlng conventlon
The financial statements have been prepared in accordance with the "Accounting and Reporting by Charities-
Statement of Recommended Practice applicable lo charities preparing their ac￿untS in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" (as amended for
accounting period commencing from 1 January 2016). The charlty is a Public Benefit Entity as defined by FRS
102.
The financial statements are prepared in sterling, whlch is the functional currency of the charlty- Monetary
amounts in these financial statem8nts are round&d lo th& nearest £.
The financial ststements hava be8n prepared und&r the historical cost convention, modified to include the
revaluation of freehold properties and to Include investment propertles and Gertain financlal Instruments ai falr
value. The principal accounting policies adopted are sel out below.
1.2 Going concorn
Al the lime of approving the financial statements, the Select Vestry have a reasonable expectatlon that th8
charity has adequate resources to continue in operational existence for the foreseeable future. Thus the
Se18Ct Vestry continue lo adopt the going concem basis of accounting in preparing the financial statern8nts.
1.3 Charitsble funds
Unrestricted funds ar8 available for use Bt the discretion of the Select Vestry in fvrtherance of their charitab18
objectives.
Restrictéd funds are subject to specific conditions by donors as lo how they may be used. The purpose5 and
uses of the reslrl¢led funds aro sel out in Ihg notes to the financial statements.
Investment income Is allocated lo the approprfat8 fund.
1.4 Income
Income is recognised vthen the Charity is legally entitled to It after any p•rfomi8nce conditlons have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Donations, are ￿COgniSed when the Select Vestry has been notified in writing of both the arnount and
settlement date. In the event that a donation is subject to conditions that require a level of perfomiance before
the charity is enti118d to the funds. the incoma is defeffed and not recognised until eilher those conditions are
fully met, or the fulfilment of those conditions is wholly wlthin the control of the charity and It is probable that
those conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the granting of probate when the adminislratorl
6xecutor for the estate has communicated in writing both the amount and selllemenl dale. In the event that
the glft is in the form of an asset other than cash or a financial asset traded on 8 recognised stock exchange,
recognition is subject lo the value of the gift being reliably measurable with 8 degree of reasonable accuracy
and the tille lo the asset having b6en transferred to th8 charity.
Interest on funds held on deposit is Included when receivable and the amount can be measured rellably by the
charity., this is nomially upon notsfiGation of the interest paid or payable by the bank. Dividends are recognised
once the dividend has been declared and notification has been received of the dividend due. This is normalty
upon notification by our investment advisor of the dividend yield of the investment portfolio.

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accountlng policles
{Contlnuedl
1.6 Expondlture
Liabllities are recognlsed as expenditure as soon as there is a legal or constrvctlve obllgation committing the
charity to that expenditure, it is probable that settlement wll be required and the amount of the obligation can
be measured reliably.
All expenditure Is accounted for on an accruals basis. All expenses Including support costs and governance
costs are allocated or apportioned lo the applicable expenditure headings.
1.6 Tangiblo fixed assets
Al each balance sheet date, the carying amount of tangible 8SS8ts are reviewed to delemiine whether there
is an indication that those assets have suffered an impairment loss. Where the carrySng value exceeds the
8Stimaled re¢overable amount (being the greater of fair value less costs lo sell and value-in-usel. an
impairment loss is recognised by writing down the assets, cash-generating unlles lo their recoverable amount.
impaimient loss is recognised immediately in the SLqtem&nl of Financial Activities. Any rèversal of
previous Impairment Ioss is Similady recognis8d immeolal8ly in tho Statement of Financial Aclivitles.
Fixed assèts are nomially wrltten off in the year of purchase, with the exception of land and bulldlngs, whlch
are valued at hislorlc cost. Buildings are not dep￿CIated as they are fully malntained.
1.7 Heritago assets
Th8 Church and ralaled buildings within its ground are of a historic nature and as heritage assets have not
been included on the balance sheet.
1.8 Investments
Investments are Inltially measured 81 transactlon prlce exduding transaction costs, and are subsequently
measured 8t fair value at each reporting dale. Changes in fair value are recognised in nel incomel
(expendlturel for the year. Transaction costs are expensed as incurred.
1.9 Impairmènt of flxed assots
At each reporting end date, the charity re￿ewS the carying amounts of its tanglble assets lo determine
whethér the￿ is any indication that those assels have suffered an impairment loss. If any $u¢h indication
exists, the recoverable amount of the asset is e$tsmal8d in order lo determine the extent of the impairment
loss lif any).
1.10 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposit5 held al call with b8nks, othar short-terrn liquid
Investments wllh odglnal rnaturities of three months or less, and bank overdrafts. Bank overdrafts are Shown
within borrowlngs in current Ilabillties.
1.11 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial InstnJments' and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet V4hen the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financlal statements. when
there is a legally enfor￿able right to set off the recognised amounts and there is an intention to setue on a nel
basis or to realise the asset and settle the liability Simultaneously.

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Accounllng pollcies
(Contlnued)
Baslc flnancial assets
Basic flnancl81 assets, whlch include debtors and cash and bank balances, are inltially measured at
transaction price including transaction costs and are subsequentty carried at amortised cost using the effectiva
interest method unless the arrangement constitutes a financing transaction, where the transaction 15
measured al the p￿sent value of the futUT8 receipts discounted al a maTket rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnanclal IlabiliTtles
Basic financial Ilabilities, including creditors and bank loans are initially racognised at transaction price unl855
th8 arrangement conslltutes a financlng tr8nsactlon. where the debt Instrument Is measured at the prèsent
value of the future payments discounted at a market rate of inlarest. Financial liabilities dasslfied as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortlsed cost, using the 8ff8ctlve Interest rale method.
Trade craditors a￿ obligations to pay for goods or $eNices that have been acquired in the ordinary course of
operations from suppllers. Amounts payable are classified as current liabilities if payment Is du8 Wlthin one
year or less. If not, they are presented as non-currenl Ilabilltles. Trade creditors are reGognised inllially 81
transaction price and subsequently measured al amortised cost using the effective interest method.
Derecognltlon of financlal Ilablllties
Financial liabilities 8re derecognised when the charity's contractual obligations expire or are dlscharged or
cancelled.
1.12 Employee b•nellt8
The cost of any unused hollday enlitlamenl 18 reGognlsed In the perlod in which the employee's Services are
received.
Temination benefits are recognised immèdiately as an 8xpense when the charity Is demonslr8bly committed
to lemiinale the employment of an employee or to provlde termination benefits.
1.13 Retlremenl beneflt5
Employees of the charity are entllled to join a defined contribution scheme. Contributions to defined
contribution p8nsion arrang8ments are charged lo the Statement of Financial Activities as they fall due. The
charfty has no liability beyond making 115 contrlbutions 8nd paying across the deductlon5 for employee's
contributions.
Crltlcal accounllng 86tSmates and judgern8nts
In the application of the charity's accounting policies, the Select Vestry are required to rnak8 judgements,
estimates and assumptions 8boul the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical expeTienc6 and other
factors Ihat are considered lo b8 relevanL Actual results may differ from these estimates.
The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions lo aceountlng
&5timates are rery)gnised in the period in which Ihe esb'mate is revised where the revision affects only that
period, or In the perlod of the revision and future periods where the revision affects both current and future
periods.

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
CrltlGal accountlng estlmatss and Judgements
(Contlnuod
Key sources of esllmation uncertalnty
Tanglble flxed assets
Tanglble assets are depreclated over thelr usefvl Ilves taklng into account resldual values where approprfale.
The actual lives of the assets are assessed annually and may vary depending on a number of factors. In
reassessing asset lives factors such as maintenance programmes are taken inlo account. Residual value
assessments consider issues such as the remaining life of the asset and its eslimate(I value in use. Buildings
are not depreciated as they are fully maintained.
Donatlons and1ogaclo8
Unrestricted Restricted
funds
fund8
Total
2022
Total
2021
Offertory and donallons
Congregational actsvities
Gift days and special Gollections
Legacies and baquest8
Other income
Gift aid
DOna￿on$ from Trust
254,903
5,615
17.900
200
1,785
52,205
15,000
254.903
5,615
120,438
200
1,785
52.205
15,000
251.118
4,845
50.947
3.000
1,459
55,594
14,300
102,538
347,608
102,538
450,146
381,263
For the y•ar endod 31 D•combor 2021
330,316
50,947
381.263
Inve8lmants
2022
2021
Rental income
Dividend received
Interest receivable
10,221
3.165
986
7.553
2,504
1,301
14,372
11,358
10-

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Charitsble actlvitles
2022
2021
Stsff costs
Congregational activities
Dlocesan and tharilable glvSng
122.081
15.793
211,880
160,674
14.274
82,103
349,754
257,051
Share of support costs {$ee note 6)
Share of govemance costs {see note 8)
83.629
1,300
58,635
1,200
434,683
316,886
Analy815 by fund
Unrestricted funds
Restrlcted funds
276,565
158,118
434,683
For th• year ended 31 Decembor 2021
Unrestricted funds
Restricted funds
292.296
24.590
316,886
8upport costs
Support costs Govfrrnanco costs
2022
2021
Staff costs
Insuran
Utilities
Repairs
Administration
Bankfees
l.T. and Gompuler costs
12,035
9,282
33.020
23,097
4,992
711
492
12,035
9,282
33,020
23,097
4.992
711
492
11.582
8,762
20.770
12,389
4,646
136
350
Audit and accountan¢y
1.300
1,300
1,200
83.629
1,300
84,929
59,835
Analysed btheen
Charitable activllies
83,629
1.300
84,929
59,835
11

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
Select Vestrfs remuneration and expgnses
Tha Stipendlary Clergy receive stipends for their duties in the church and are ex-officio m&mb8rs of Sel&ct
Vestry.
None of the Select Vestry {or any persons connected wth thaml received any remuneration or benefits during
the year.
Employees
The average monthly numb8r of employe8s during thè year was:
2022
Number
2021
Number
Employm•nt Go•ts
2022
2021
Wages and salarfes
Social security costs
Other pension costs
115.204
4,611
14,301
144,256
7,595
20,405
134,116
172.256
There were no employees whose annual remuneration wa5 more than £60,000.
Tanglble Ilx•d a8S•t$
L*nd and
bulkllngs
Flxtures,
fbttlngs &
equipment
Total
Cost
At 1 January 2022
66,520
10,000
76,520
At 31 Decèmber 2022
66,520
10,000
76,520
Depr•elatlon and Impalrnient
Al 1 January 2022
10,000
10,000
At 31 DeGember 2022
10,000
10,000
Carrying amount
At 31 Dgcember 2022
66.520
66,520
At 31 December 2021
66,520
66,520
12-

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
10 Debtors
2022
2021
Amounts falllng due wlthin one year:
Prepayments and accrued income
12,008
16,177
11 Current a88et InveBtm8nts
2022
2021
Investments
5,275
5,584
12 Net galnslllosses) on Investmonts
Unre8trlct•d
fund8
Totsl
2022
2021
R8valuatlon of investments
13091
675
13 Cradltor8: amounts falllng duo wlthin one yoar
2022
2021
Other creditors
Accruals and deferred In¢ome
33,751
33,445
35,660
31,695
67.196
67.355
14 Re¥triGted funds
Movement In funds
Ineomo
Ex￿ndItur0
Balance at
1 January
2022
Transf•r8
Balancts at
31 December
2022
Mission- Kkalwe
Mission- Asha
Church organ refurbishment fund
24,256
5.568
76,683
3,175
11.458
87,905
127,1701
18,9211
{122,0271
261
8,105
112,681
70.120
106,507
102.538
1158.1181
70,120
121,047
13-

HOLYWOOD PARISH CHURCH
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
16 Deslgnated funds
Movement In fijnds
Balance ut
1 January
2022
Incom•
Ex￿ndItur•
Transfors
boiween funds
Balance at
31 Decemb•r
2022
Special projects
Other designated funds
General unrestricted funds
206,965
35.355
50.053
206,965
35,355
65.039
361.980
1276,8741
(70.120)
292,373
361,980
1276,8741
{70,1201
307,359
The unreslricled general funds repres&nt the free funds of the charity which are not designated for particular
purposes. As these may be for future prolècts or projects that will last for more than one year the Select
Vesty have decid8d to designal8 fund8 for fijiure commitments. Such funds are not restricted funds by
nature.
16 Analy81s of net assets botwaen funds
Unr•$trl¢ted R•8trlcted
funds
funds
2022
2022
Total
2022
Fund balances at 31 December 2022 are represented by-
Tangible assets
Current asset811118bililies)
66,520
240.839
66,520
361,886
121,047
307,359
121,047
428.406
17 R•latod party trangacllons
There were no dlsc108able related party transactions during the year {2021- none).
18 Cash generatod from operatlon•
2022
2021
Surplus for the year
29,526
76,410
Adjustments for..
Investrnent income recognised In statement of financial activOlie5
Fair value gains and losses on Inveslm8nts
{14.372}
309
{11.3581
{675}
Movements in working capital..
D6creasellincrease) in debtors
(Decreaseyincrease in cTrditors
4,169
11591
14.4061
1,340
Cash generated frorn operatlons
19,473
61.311
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