Charlty reglslratlon number 102110 (Northern Ireland) BELVOIR PARISH CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
BELVOIR PARISH CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Gordon Smith Mr Kenneth Wilson Mr Richard Rea Mr Eric Hudson Mr Christopher Scott Mr Alan Brown Ms T Haylett Ms Helen Livingston Mrs Wendy Boal Mrs Marion Thompson Mr Kenneth 8oal Ms S Thompson Ms L Taylor Mr Roland McKane Rev E Rutherford Mrs J Sherwood Mrs V Clark (Appointed 20 April 20251 (Appointed 20 April 20251 Charlty reglstration Northern Irel3nd 102110 Principal address 21 Dun5everick Avenue Belfast BT8 7EB Independent examiner Moore Braniff 2 Beechill 8usiness Park 96 Beechill Road Belfast Northern Iland BT8 7QN Bankers Dan5ke Bank Donegall Square West Belfast Northern Ireland BTI SJS
BELVOIR PARISH CHURCH CONTENTS PaEe Trustees report Independent examiner's report Statement of flnanclal activltles Bal3nce sheet Notes to the financial 5t3tementS 7-16
BELVOIR PARISH CHURCH TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The trustees present their annual report and financial statements for the year ended 31 Decernber 2025. The account5 have been prepared in accordance with the accounting policies set out in note I to the account5 and cornply with the parish's constitution, the Charities Act INI) 2008 and the Statement of Recomrnended Practice, The Charities (Accounting 3nd Reports) Regulation INI) 2015. Objectives and activities The Church of the Transfiguration, Belvoir, more commonly known as Belvoir Parish Church, supports the advancernent of the Christian religion by promoting through the work of the Parish the whole mission of the Church,. pastor31, evangelistic, social and ecurnenical. Being open to and engaging with Society and offering sUPPOrt for those needing help 15 fundarnental to the practical delivery of the tenets of Christianity. As a result of activity in pursuit of the advancement of the Christian religion, Belvoir Parish Church has custody of a large body of records, materials 3nd artef3Cts of significance to the cultural heritaBe, the maintenance of which is undertaken by the Select Vestry of Belvoir Parish Church as a secondary charitable purpose. Publ1¢ Beneflt The Trustees hav& given careful consid&r3tion to the Charity Commission 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 attivities, as well as providing public benefit, ReEular worship has grown into three service each week, all of different styles. Thursday tnorning has grown to nearly thirty people Imostly in the over 605 aBe group) and incorporate5 lunch and other attivities. Thi5 ha5 become a focal point for connection with the elderly of both parish and comrnunity. Our church centre 15 Used by variety of organisations during the week and, increasingly, by the wider community for social events. children's k>irthd8ys. and even some training events and meetings. Booking is through an online form on the Parish website. Access to Church properties is restricted for public safety to n8med key holders and Belvoir Parish mitigates potential harm from activities by implementing S3fegu3rdinB Trust, the Church of Ireland's Child Protection Policy. Achlevements and performance Staff.. Catherine Car50n, Susie Garvey Williams (started February 20241. Paul Jzrdine (left October 20241 and Jennifer Stew8rt Iretired May 20241. The staff team also includes.. Carson Bell (working twenty hours per week on a voluntary capacitvl. Highlights of e3ch of the above include larnong the many other 3spects of their work and ministry) Paul Jardine- restructuring our finances into an annual budget Catherine Carson- Kit's Place (carers and toddlersl has reached its capacity of 35 toddlers. Susie Garvey Williams- youth work continued to grow with weekly events 9-14s on Sunday mornings, 11-16s on Sunday nights. Carson Bell- the Bike Workshop continues to meet refugee need. Social Outreach W& have continued to major outreach responsibilities during 2024. l. The Larder- we continue to contribute financially. 2. All Nations Ministries- at least half of the Board of All Nations Ministries is from 8elvoir Parish, as well as somo of the volunteers. The work is in North Belfast among asylum seekers and refugees. Providing care, clothes, contacts, furniture, and cultural guidance are among the areas to which we contribute. The bike workshop is also mentioned above. 3. We continued to support people in need by giving grants.
BELVOIR PARISH CHURCH TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Financial review Finances are managed by the Honorary Treasurer who distributes and pSentS a financial report to the trustees at our tnonthly Select Vestry meetings. The Parish opetstes three accounts a General Account, a Building Fund Account and a Mission Account. Total income for the year was £255,38012024.. £253,486) with tot31 expenditure of £224,36912024.. £233,508) with surplus being generat&d of £31,01112024.. £19,978). Funds held in the Parish bank accounts at the year end totslled £123,50512024.. £78,265). The Rector is paid directly by the Parish, receiving Stipends, locomotory allowance, and expen5e5 of office in accordance with figures approved by the General Synod of the Church of Ireland. From 18 September 2024 the Rector is paid via the RCB, and the fund5 debited directly by Diocese of Down & Dromore. It 15 the policy of the parish that unrestricted fund5 which have not been de5iEnated for a Specific use should be rnaintained at a level equivalent to three month's core costs. Th& trustees considers that reserves 8t this level will ensure that, in the event of 3 significant drop in funding, they will be able to continue the parish's current artivities while consideration is given to Wa in which 3ddition31 funds may be raised. This level of reserves has been maintained throughout the year. fjoln8 Conrn Considering the above and current year budget5 the Trustees are sat15fied that there are adequate funds in place to ensure that the parish c8n continue its activities and the financial statements for the year ended 31 December 2025 can be approved as a going concern. The trust&es have ass&ssed the major risks to which the parish is exposed, 3nd 8r& satisfied that systems are in place to mitlB3te exposure to the major risks. Structure, governance and management Governing Document and Constitution of the Charity Chapter111 of the Constltution of the Church of Ireland governs parlshes and parochSal organlsatSons. The Select Vestry tnernbers a the Charity Trustees. The trustees who served during the year and up to the date of signature of the financial statetnents were.. Mr Stephen McKinty (Retired 20 April 20251 Mr Gordon Smith Mr Kenneth Wilson Mr Richard Rea Mr Eric Hudson Mr Christopher Scott Mr Alan Brown Ms T Hayl&tt Ms Helen Livingston Mrs Wendy Boal Mrs Marion Thompson Mr Kenneth Boal Ms S Thompson M5 L Taylor Ms R Patton Mr Roland McKane Rev E Rutherford Mrs J Sherwood Mrs V Clark (Resigned 20 April 20251 (Appointed 20 April 20251 (Appointed 20 April 20251
BELVOIR PARISH CHURCH TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Recrultment and appolntment of Select Vestry lTrusteesl All eMberS 01 the Church of Ireland who are over the age of eighteen and are either resident or accustomed members tsf the congregation may register a5 rnember5 of the General Vestry of the Parish, allowing them to attend and vote at meeting5 of the General Vestry and to Stand for election to the Select Vestry. Meeting5 of the General Vestry are held at least once 8 year. The Select Vestry is elected at this meeting. Select Vestry members will hold their position for one year and may be re-elected annually. There is no limit on the number of terms which may be served. The Annual Easter Vestry IAGMI was re-instated in its usual c81endar location in the two weeks before or after E8St&r. Clergy Rev Emma Rutherford (Rector) (Started 18 Sept&mb&r 20241 Prlnclpal Offlce-bearers Church Treasurer Mr Eric Hudson,. Honorary Secretary Mrs Ruth Patton,. Rector's Churchwarden Mrs Wendy Boal., People's Churchwarden Mr Eric Hudson,. Rector's Glebewarden Mr Richard Rea,. People's Glebewarden Mr Ken Wilson. Other service providers who are not Trustees Independent Examiner,. Alan Moore, Moore Braniff Chartered Accountants Banker5,' Danske Bènk Or8anisational Structure The Select Vestry is responsible for the day to day management of the furnishings, fabric finance of the Parish. It is generally chaired by the incumbent (Rectorl and by the Area Dean during vacancy. Special rneetings may be convened at any time by the chairperson or churchwardens. The Trustee5 report was approved by the Board of Trustees. Mr Eric Hudson Trustee Dated.. 22 March 2026 Rev E Rutherford Trustee Dated..22 March 2026
BELVOIR PARISH CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BELVOIR PARISH CHURCH I report on the fin8ncial 5tstements of the parish for the year ended 31 December 2025, which are set out on page5 5 to 16. Respe¢tlve spOnsIbIlItIeS of charlty trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charity's truste&s consider that an audit is not required for this year under section 65131 of the Charities Act INI) 2008 (the Attl and that an independent examination is needed. I report in respect of my examination of the parish'5 financial 5tatem&nts carried out under section 65 of the 2008 Act. In C3rryinB out my &xamination I h8ve followed 311 the 8pplicable Dir&ctions given by the Charity Commission under section 65191 of the 2008 Art. Basis of independent examiner's report I have examined your charity financi31 statements as required under section 65 of the Charities Act INorth&rn Ireland) 2008 and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Iland under section 6519llbl of the Charities Act. The examination included a review of the accounting records kept by the charity and a cotnpari50n of the financial staternent5 presented with those records. It a150 included consideration of anv unusual items or disclosures in the financial 5tatetnents, and seeking explanations from you as charity tru5tee5 concerning any such matters. My role 15 to State whether any rnaterial matter5 have corne to rny attention giving me cause to believe that.. l. Accounting records were not kept in accordance with section 63 of the Charities Act (Northern Irelandl 2CO8.' or 2. The financial statements do not accord with those accounting records.. or 3. The financial statements do not comply with th& accounting requirements of the Charities Act INorthern Ireland) 2008,. or 4. There is further information needed for a proper understanding ol the financial statements to be reached. Independent examinerf5 Statement Since the parish's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65151 of the 2008 Act. I confirm that l am qualified to undertake the exarnination because l am a member of Chartered Accountants Ireland, which 15 one of the listed bodie5. I have completed my examination and I have no concerns in respect of th& 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 drawinE to vour attention. Moore Braniff 2 Beechill Business Park 96 8eechill Road Belfast BT8 7QN Northern Ireland 16 March 2026
fn io o) Ln o r
BELVOIR PARISH CHURCH BALANCE SHEET AS AT31 DECEMBER 2025 2025 2024 Note5 Flxed assets T3ngible assets 13 342,181 345.092 Current assets Debtors Cash at bank and in hand 15 6,000 123,505 6,0(K) 78,265 129,505 111,3181 84,265 Credltors: amounts falllng due wlthln one year 16 Net current 35sets 118,187 84,265 T¢)tsl assets less Cyrnt Ilabllltles 460,368 429,357 The funds of the parish Restrirted income funds 18 20 340,000 84,725 35,643 340,000 62,592 26,765 Unrestricted funds- general Unrestricted fund5- designated 19 460,368 429,357 The financial statements were approved by the trustees on 22 March 2026 Mr Eric Hudson Trustee Rev E Rutherford Trustee
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies Charliy Informailon Belvoir Parish Church is a member of the Church of Ireland.. 1.1 Basi5 of preparation Th& fin3ncial statements have been prepared in accord3nce with the p3rish's governing document, the Charities Act (Northern Ireland) 2008, FR5 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'A¢coJntin£ and Reporting by Charities.. StatÈment of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 The parish is 3 Public 8enefit Entity a5 defined by FRS 102. The parish h3s taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterlin& which is the functional currency of the parish. Monetary amounts in these fin8ncial statements are rounded to the nearest £. The financial staternents have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and to include investment properties and cert3in financial instruments at fair lue1. The principal accounting policies adopted are set out below. 1.2 Golnz toncem At th& time of approving the financial statements, the trust&es have a reasonable expectation that the parish has adequ3te resources to continue in operational existence for the foreseeable future. Thus the trustèes continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charliable funds Unrestricted funds are available for use at the discretion of the truste&s in furtherance of their charitable objectives. Restricted funds are Subject to specific condition5 by donor5 or grantor5 as to how they may be used. The purpose5 and Uses of the restricted funds are Set out in the notes to the financial 5t3tement5. Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by the parish. 1.4 Income Income is recognised when the parish is legally entitled to it after any performance condltions have been met, the arnounts can be measured reliably, and it 15 probable that income will be received. Cash donations are recognised on rèceipt. Other donations are recognised once the parish has been notified of the donarion, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations ceiVed under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the parish has been notified of an impending distribution. the amount is known. and receipt is &xpected. If th& amount is not known. the leg3cy is treated as 3 contingent asset. 1.5 Expenditure Expenditure is accounted for on an accruals basis and has been ¢lassified under headinES that aggregate all cost related to the cateEory. whe costs cannot be directly attributed to particular headings they have been allocated to activities on a basi5 COn515tent with the use of resources.
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ounting policies (Continued) 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or lUatIOn, net of depreciation and any impairment losses. Depreciation is recoEnised $0 as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Land and building5 Plant and machinery Not depreciated. 25% Straight Line The gain or1055 arising on the disposal of an asset 15 deterrnined as the difference between the sale proceeds and the carrying value of the asset, and 15 recognised in the Statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the parish reviews the carrying amount5 of its tangible as5et5 to determine whether there is any indication that those a55ets have Suffered an irnpairment Ios5. If any such indication exists, the recoverable amount of the a55et 15 estimated in order to deterrnine the extent of the impairment Ios5 lif anyl. 1.8 Cash and cash equivalents Cash and cash eouivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original tnaturitie5 of three months or le55, and bank oVerdft5. Bank overdraft5 are shown within borrowings in 1.9 Financial instruments The parish has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12'0ther Financial In5trurnents155ue5' of FRS 102 to all of it5 financial instruments. Financi31 instruments are recognised in the parish's balanc& sheet when the parish becornes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, when there is a legall¥ enforceable right to set off the recognised amounts and there Is an Intentlon to settle on a net basis or to reallse the asset and settle the liability 5irnultaneou51y. Busi¢Ainunciulassets Basic financial a55et5, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amorti5ed cost Using the effective interest method unless the arrangement constitut&S 8 financing tr8nsaction, where the transaction is measured 8t the pres&nt V81ue of the future receipts discounted at a market te of interest. Financi31 assets classified as receivable within on& year are not amortised.
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 A¢¢ounting policies (Continued) Baslcfinunclulliubllltles Basic financial liabilitie5, including creditors and bank loan5 are initially recognised at transaction price unles5 the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at 8 m8rket rate of interest. Fin8ncial liabilities c18S5ifi&d as pay8ble within one year are not amortised. Oebt insrrurnents are subsequently carried at amortised cost, using the effective Inte$t rate method. Trade creditor5 are obligation5 to pay for good5 or services that have been acquired in the ordinary course of operations from supplier5. Amount5 payable are classified as current liabilitie5 if payrnent 15 due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at tran58Ction price and subsequently measured at amortised cost using the &ffective interest method. Derecognition offinonciul liobilities Finantial liabilities are derocognised when the parish's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of 8ny unused holid8y entitlement is recognised in the period in which the employee's services are received. Termin2tion benefits are recognised immediately as an @xpense when th& parish is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefit5 P3yments to defined contribution retirement benefit schemes are charged as an @xpense as they fall due. Crltl¢al a¢¢ountlng estlmates and ludgements In the application of the parish's accounting policies, the trustees are required to make judgement5, e5timate5 and assumptions 3bout the carrying amount of 8sset5 and liabilities that are not re8dily apparent from other sources. The estimates and associated 3ssumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting esrimates are recogni5ed in the period in which the estimate 15 revised where the revision affect5 only that period, or in the period of the revision and future periods where the revision affects both current and future period5. Income from donations and legacies Unrestricted Unrestricted funds funds general deslgnated 2025 2025 Total Unrestricted Unrestricted funds funds general deslgnated 2024 2024 Totsl 2025 2024 Donations and gift5 173,526 29,013 202,539 183,199 29,071 212,270
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Income from othertrading activities Unrestrlcted funds designated 20Z5 Unrestrlcted funds designated 2024 Fundraising events 52,061 40,684 Other income Unrestricted fund5 20Z5 Unrestricted funds 2024 Other inmme 780 532 Expendlture on Charltable artlvltles Charitable expenditure Charitable expenditure 2025 2024 Project Costs All Nations, Larder and Kunda projects Lunch Bunch & Mea15 Food Support projects Cornmunity Project5 and other donation5. All Nations Harvest project Summer Madness Funding 50,114 840 27,455 2,073 19,912 515 1.580 9,791 187 1,219 62,151 51,535 Share of support and governance costs (see note 71 Support Governance 160,206 1,722 179,890 1,764 224,079 233,189 Analysls by fund Unrestricted funds general Unrestricted funds- designated 158,979 65,100 194,123 39,066 224,079 233,189 10-
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Support C05t5 Support ¢05t5 Governance 2025 2024 Staff costs Depreciation Travelling e¥penses to India Repairs and maintenance to Church and rectory Church running costs frorn general funds Diocesan Dfund Adtninistration costs Programme costs Sundry expenses 100,644 2,911 5,081 9,394 16,970 14.422 3,920 6,487 377 100,644 2,911 5,081 9,394 16,970 14,422 3,920 6,487 377 88,153 3,581 41,366 17,237 13,678 3,989 8.886 3,000 Audit fees 1,134 588 1,134 588 1,056 708 Accountanry 160,206 1,722 161,928 181,654 Analysed between Charitable activities 160,206 1,722 161,928 181,654 Net movement in funds 2025 2024 The net rnovernent in funds is stated after charBingllcreditingl'. Fe&s payabl& to th& ch3rity's independent examiner". for the independent examination of the charity's financial statements for other financial services Oepreciation of owned tangible fiyed assets 1.134 588 2,911 1,056 708 3,581
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees The Parish paid expenses of £1,03712024-£35,8S71 relating to the running costs of Gleb& House which is occupied bv the Rector. Payments We made by the Parish during the year either to or on behalf of the Incumbent or Curates, being in respect of stipend paid, locomotory expenses, office allowance made in accordance with approved rates by the RC8, These amounts are included in the Staff C05t5 tota15 in note 9. Pension contributions made regarding the Incumbent or Curates in 3ccordance with approved rates by the RCB. These amounts are included in the Other pension costs total in note 9. The Parish also reimbursed the Trustees E12,15412024.. £2,927) for items purchased by them on behalf of the Parlsh. The Parish returned £7,080 of donations received from Tru5tee512024.. Nil) as the donations were restricted and the project they related to could not be completed. No Trustee received remun&r3tion for their services as a Trustee to the Church. io Employees The avera8e monthly number of employees during the year was.. 202S 2024 Number Number Employment costs 2025 2024 Wages and salaries Other pension c05ts 93,142 7,502 81,688 6,465 ICM),644 88,153 The number of employees whose annual remuneration was less than £60,0(M) is as follows.. 2025 Number 2024 Number Employees with salaries below £60,000 12-
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 li Other expenditure Unrestrltted Unrestrlcred funds funds general designated 2025 2025 Toial Unrestrlcted Unrestrlcted funds funds general designated 2024 2024 Total 2025 2024 Financing costs 179 iii 290 192 127 319 12 Taxation The church is registered as a charity with HMRC, registration number XN83371. 13 Tangible fixed assets Land and bulldlngs Plant and ma¢hln8ry Total Cost At l January 2025 340.000 21.165 361.165 At 31 December 2025 340,000 21,165 361,165 Depreciation and impairment At l January 2025 Depreciation charged in the year 16.073 2,911 16.073 2,911 At 31 December 2025 18,984 18,984 Carrying amount At 31 December 2025 340,000 2,181 342,181 At 31 December 2024 340,000 5,092 345,092 14 Herltage assets
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 14 Heritage assets (Continued) Assets retalned for the Parlsh's own use The asset5 of the Parish, retained for its own use compri5e'.- Church Building P3rish Centre Glebe House Fixtu and fittings The Church Building 15 deemed tts be a Heritage asset a5 defined by the Charities SORP IFR51021. Thi5 Heritage asset is not included in the Staternent of Assets and Liabilitie5 a5 inforrnation on the cost or valuation 15 not available and such information cannot be obtained at a cost comrnen5urate with the benefit to the users of the accounts and to the Parish. The Parish Centre is physically attached to the Church as such is not sep3rable as an individual asset. As such it is deemed to be a Heritage asset and no value is ascribed to it in the Statement of Assets and Liabilities. The Church Rectory is included in the attounts at tost. No depreciation has been provided on the Church Rectory as the current estimated residual value is not le55 than its carrying value and the rernaining useful life currently exceed5 50 years. Fixture and Fittings (where cost is over £5.0001 are recognised at cost and are depreciated on a straight line basis over period of 4 years. 15 Debtors 2025 2024 Amounts falling due within one year: Prepayments and accrued income 6,0(Kl 6,000 Oebtors at the year end related to a Gift Aid clairn for 2025..£6,00012024.. £6,000) donations of to be lodged with HM Revenue and Customs. 16 Creditor5'. amounts falling due within one year 2025 2024 Other creditors 11,318 17 Retirement benefit schemes 2025 2024 Deflned contrlbutlon schemes Charge to profit or loss in respect of defined contribution schemes 7.502 6,465 Th& parish operates a defined contribution pension scheme for 311 qualifying employees. The assets of the scheme are hÈld separately from those of the parish in an independently administored fund. 14-
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Restricted funds Restricted funds At l January At 31 December 2025 2025 Rectorv 340,0(KJ 340,000 Prevlous year- At l January At 31 December 2024 2024 Rectory 340.000 340,000 19 Unrestricted funds- designated These are unrestricted funds which are material to the parish's activities. At l January 2025 Incoming resour5 Resources expended Transfers At 31 December 2025 Designated 26,765 81,074 165,2111 16,9851 35,643 Previous year- At l January 2024 Incomin8 re50urce5 Resources expended Transfers At 31 December 2024 Designated 8,332 69,755 139,1931 112.1291 26,765 20 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to sperific conditlOn5 by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purpose5. At l January 2025 Incomin¥ resour5 Resources expended Transfers At 31 December 2025 General fund5 62,592 174,306 1159,1581 6.985 84,725
BELVOIR PARISH CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 20 Unrestricted funds (Continued) Previou5 year: At l January 2024 Incoming resources Resour(e5 expended Transfers At 31 December 2024 eneral funds 61,047 183,731 1194,3151 12,129 62,592 Designated Funds at the year end of £35,64312024.. £26,765) are held for five purposes.. Number 3 account at the year end contained £23.51312024.. £22.5071. Missions and other projects £12.85412024.. £2.9801 Harv&st £65912024.. £Nill Christm3s meals appe31 £012024..£Nill India appeal £IO,00012024..£19,5271 Number 2 account at the year end contained £12.13012024.. £4,258). 21 Analysis of net assets btheen funds Unrestricted fund5 general 202S Unrestricted funds deslKnated 202S Restricted funds Totsl 2025 2025 At 31 December 20Z5.. T3ngible assets 2.181 82,544 340.0(X) 342,181 118,187 35,643 84,725 35,643 340,0(X) 460.368 Unrestricted funds general 2024 Unrestricted funds deslgnated 2024 Restricted lunds Totsl 2024 2024 At 31 December 2024.. Tangible a55etS Current assets/lllabilltSesl 5,092 57,500 340,OLK) 345,092 84,265 26,765 62.592 26,765 340,0(M) 429,357 22 Related party transathions There were no disclosable related party tran5action5 during the year12024- none). 16-