Ballymacarrett Parish Church
Financial statements
for the year ended 31 December 2022
Ballymacarrett Parish Church
| Contents | ||
|---|---|---|
| Page | ||
| Independent examiner's report | 1 | |
| Statement of Financial Activities | 2 | |
| Balance sheet | 3 | |
| Notes to the financial statements | 4 - 7 |
Independent auditor's report to the shareholders of Ballymacarrett Parish Church
I report on the accounts of Ballymacarrett Church for the year ended 31 December 2022.
Respective responsibilities of the charity trustees and examiner
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008.
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examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008;
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follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's report
I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) 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 accounts, and seeking explanations from you as charity trustees concerning any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
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That accounting records were not kept in accordance with section 386 of the Companies Act 2006
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That the accounts do not accord with those accounting records
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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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
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That there is further information needed for a proper understanding of the accounts to be reached.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) 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.
Richard McClay FCA 1 Lanyon Quay For and on behalf of McCreery Turkington Stockman LTD Belfast BT1 3LG 9 March 2023
Page 1
Ballymacarrett Parish Church
Statement of Financial Activities (Including Summary Income and Expenditure Account) for the year ended 31 December 2022
| Unrestricted Restricted Year Funds Funds Total 2022 2022 2022 Incoming Resources Notes £ £ £ Income resources from generated funds: Voluntary income: 2 69,532 - 69,532 Activities for generating funds 3 10 - 10 Investment income 4 4,236 - 4,236 Incoming resources from charitable activities 5 21,617 - 21,617 Total incoming resources 95,395 - 95,395 Resources expended Costs of generating funds: Costs of charitable activities 6 ) (113,378 - ) (113,378 Total resources expended ) (113,378 - ) (113,378 Net income before transfers ) (17,983 - ) (17,983 Transfer between funds - - - Net incoming resources ) (17,983 - ) (17,983 Fund balances brought forward 92,854 - 92,854 Fund balances carried forward 74,871 - 74,871 |
Year Total 2021 £ 76,279 - 4,331 19,630 100,240 ) (98,478 ) (98,478 1,762 - 1,762 91,092 92,854 |
|---|---|
All of the above results are derived from continuing activities.All gains and losses recognised in the year are included above.
The notes on pages 4 to 7 form an integral part of these financial statements.
Page 2
Ballymacarrett Parish Church
| Balance sheet as at 31 December 2022 2022 Notes £ £ Current assets Cash at bank and in hand 8 74,871 74,871 Net current assets 74,871 Net assets 74,871 Capital and reserves Unrestricted funds 9 74,871 General funds 74,871 |
2021 £ 92,854 92,854 |
£ 92,854 |
|---|---|---|
| 92,854 | ||
| 92,854 | ||
| 92,854 |
The financial statements were approved by members of the Select Vestry on 9 March 2023 and signed and approved for issue on its behalf by
Treasurer
The notes on pages 4 to 7 form an integral part of these financial statements.
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Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2022
1. Accounting policies
1.1. Basis of preparation
The accounts have been prepared in accordance with the charity's governing document, the “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 published in October 2019). The charity is a Public Benefit Entity as defined by FRS 102.
1.2. Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal
1.3. Resources
Incoming resources
All incoming resources are included in the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations are included as income when they are received. No amounts are included in the financial statements for services donated by volunteers.
Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
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Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2022
| .................... continued 2. Income from charitable activities Unrestricted Restricted Total 2022 2022 2022 £ £ £ F.W.O 48,847 - 48,847 Loose Collection 2,074 - 2,074 Maintenance Fund 3,279 - 3,279 Special Collections And Donations 3,755 - 3,755 Gift Aid 8,386 - 8,386 Other 3,191 - 3,191 69,532 - 69,532 3. Incoming Resources from Unrestricted Restricted Total activities for generating funds 2022 2022 2022 £ £ £ Tea 10 - 10 10 - 10 4. Investment income Unrestricted Restricted Total 2022 2022 2022 £ £ £ Investment income Bank interest and RCB 4,236 - 4,236 4,236 - 4,236 |
Total 2021 £ 55,379 1,919 3,793 2,803 10,174 2,211 |
|---|---|
| 76,279 | |
| Total 2021 £ 10 |
|
| 10 | |
| Total 2021 £ 4,331 |
|
| 4,331 |
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Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2022
| .................... continued 5. Incoming Resources from Unrestricted Restricted Total charitable activities 2022 2022 2022 £ £ £ Gazette 236 - 236 Easter & Harvest 711 - 711 Rental Income 11,190 - 11,190 St Martin's Hall 9,480 - 9,480 21,617 - 21,617 Unrestricted Restricted Total 2022 2022 2022 £ £ £ 6. Total resources expended Costs of charitable activities by fund type Charitable activity 101,655 - 101,655 Support costs 11,723 - 11,723 113,378 - 113,378 7. Employees Employment costs 2022 £ Wages and salaries 54,488 Social security costs 1,556 Other pension costs 9,132 65,176 |
Total 2021 £ 215 781 11,134 7,500 19,630 Total 2021 £ 88,887 9,591 98,478 2021 £ 52,104 649 8,616 61,369 |
|---|---|
There were no employees earning over £60,000 in the year ended 31 December 2022.
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Ballymacarrett Parish Church
Notes to the financial statements
for the year ended 31 December 2022
| .................... continued | .................... continued | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8. | Cash at Bank | |||||||||||
| Leeds Building Society | 27,739 | 27,712 | ||||||||||
| NSI Bonds | 13,000 | 13,000 | ||||||||||
| Ulster Bank | 34,132 | 52,142 | ||||||||||
| 74,871 | 92,854 | |||||||||||
| General | Restricted | |||||||||||
| 9. | Statement of funds | reserve | reserve | |||||||||
| account | account | Total | ||||||||||
| £ | £ | £ | ||||||||||
| Total reserves at 1 January 2022 | 92,854 | - | 92,854 | |||||||||
| Total income for the year | 95,395 | - | 95,395 | |||||||||
| Total expenditure for the year | (113,378 | ) | - | ) (113,378 |
||||||||
| Total reserves at 31 December 2022 | 74,871 | - | 74,871 | |||||||||
| The general reserve represents the free funds of the charity which are not designated for particular | ||||||||||||
| purposes. | ||||||||||||
| General | Restricted | |||||||||||
| 10. | Analysis of net assets between funds | reserve | reserve | |||||||||
| fund | fund | Total | ||||||||||
| £ | £ | £ | ||||||||||
| Fund Balances at 31 December 2022 | ||||||||||||
| represented by: | ||||||||||||
| Current assets | 74,871 | - | 74,871 | |||||||||
| Total net assets | 74,871 | - | 74,871 |
The general reserve represents the free funds of the charity which are not designated for particular purposes.
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