St Katharine's Parish Church 2-4 Dunlambert Park, Belfast BT15 3NJ Independent Examlners Report to the Trustees Statement of Receipts and Payments and Assets and Llabllltles For the year ended 31st Oecember 2022 Charltle5 Number: NIC102178 Revision Not Applicable SL Katharine's Parish Church Page I
St Katharine's Parish Church Independent Examiners Report to the Trustees Statement of Receipts and Payments and Assets and Liabllities for the year ended 31st December 2022 Contents Pages References and administrative details of the Charity Independent Examiner5 Report to the Trustees Receipts and payments account Statement of assets and liabilities Notes to the financial Statements 8-10 St Katharine's Parish Church Pa8e 2
St Katharine's Parish Church References and administrative details Charity Name: St Katharine's Parish Church Charity Registration Number: NIC102178 Contact Address.. 2-4 Dunlarnbert Park, Belfast BT15 3NJ Trustees Reverend WilliamTaggart Mr A Hu8hes Mr C Parkes Mrs Mcclure Mrs D Mcclure Miss E L Parkes Prlnclpal Offlce-bearers Clergy.. Reverend WilliamTaggart Church Honorary Treasurer.. Mr A Hu8hes Church Honorary Secretary.. Mr C Parkes Independent Audltor Mrs G McBride Unit Bl.13 Portview Trade Centre 310 Newtownards Road Belfast BT4 IHE Bankers Ulster Bank Connswater Branch Belfast BT5 4AF St Katharine's Parish Church Page 3
Date 7 March 2023 Independent Examlners Report to the Trustees of St Katharine's Par15h Church I have reviewed the accounts and relevant transactions relating to St Katharine's Parish Church. On the basis of the information provided to me l am satisfied that the detail contained within these accounts are a true representation of the financial position of St Katharine's Parish Church for the year ended 31st December 2022. Mrs Gillian McBride Independent Examlner Date: 7 March 2023 St Katharine's Parish Church Page 4
ReiptS and Payments Account for the year ended 31st December 2022 No. I Current Account Unrestricted Funds 2022 Restrlcted Funds 2022 Endowment Funds 2022 Total 2022 Note Recei Plate collections HMRC Gift & Charities Aid Special collections Gifts and Donations Proceeds from Fund Raising Events Donations for Church Magazine Donations for Charities Covid-19 National Lottery Grant Other Receipts (Designated Purposesl Receipts from Parish Organisations NIA 33,697.27 6,025.12 347.00 9,273.20 33,697.27 6,025.12 347.00 9,273.20 iio.00 304.73 iio.00 304.73 28,031.00 28,031.00 Total Recel ts 77,573.59 414.73 77,988.32 Pa ments Wages and Salaries Diocesan Costs/ Share & Pension Clergy Housing Costs Property Costs Administration Costs Church running Costs Charitable Donations Payments from Parish Or8anisations N/A 37,580.62 14,307.84 6.000.00 2,908.42 1.959.14 1,290.79 37,580.62 14,307.84 6,000.00 2,908.42 1,959.14 1,290.79 304.73 304.73 Total Pa ments 64,046.81 304.73 64,351.54 Excessl(Deflclt} of Recelpts over Paymenls for the year before transfers 13,526.78 iio.00 13,636.78 Transfers n/a Excess/lDeficit) of Receipts over Payments for the year 13,526.78 iio.00 13,636.78 On Behalf of the Trustees Trustee I Trustee 2 St Katharine's Parish Church Page 5
Receipts and Payments Account for the year ended 315t December 2022 No. 2 Current Account Clark Hall Refurbishment Fund Unrestricted Funds 2022 Restricted Funds 2022 Endowment Funds 2022 Total 2022 Note Recei Donations 1,2¢Jo.00 1,200.00 Total Recel ts 1,200.00 1,200.00 Pa ment Repayment of loan Total Pa ments Ex¢ess/(Deflclt) of Recelpts over Payments for the year before transfers 1.200,00 1,200.00 Transfers Excessl(Deflcltl of Retelpts over Payments for the year 1,200.00 1,200.00 Note.. This account contains an agreed Loan of £2000 from no. l General Account, (Vestry 20th March 20171. On Behalf of the Trustees Trustee I Trustee 2 St Katharine's Parish Church Page 6
Statement of Assets and Llabilities as at 315t December 2022 Unrestricted Fund5 2022 Restricted Funds 2022 Endowment Funds 2022 Total 2022 Cash Funds Current Accounts Deposit Accounts Total Cash Funds 17,289.88 29,622.80 5,478.79 35,101.59 46,912.68 5,478.79 52,391.47 17,289.88 Investment Assets Equity Investments Other Listed Investments Investments in RCB / CIT Unit Trusts Other unlisted investments Investment Properties Total Investment Assets Nll Assets retalned for the Parlsh's own use Parish Centre Glebe House Fixtures and Fittings Total Assets retalned for the Parlsh's own use £Nil £Nil £50 £so On Behalf of the Trustees Trustee I Trustee 2 St Katharine's Parish Church Page 7
Notes to the financial statements for the year ended 31st December 2022 Accounting pollcies 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 (a) Recelpts and Payments Account5 Ibl No. l & 2 Current Accounts All items of income and expenditure included within the Receipts and Payrnents Account have been accounted for on a cash receipts basls. Transfers between accounts There have been no transfers between accounts. Icl Statement of Assets and Llabllltles 111 Assets retolnedfor the Purlsh'5 own use The assets of the Parish, retained for its own use comprlse:. Church Building and Graveyard Parish Centre Fixtures and fittin8S The Church Building land any Graveyard) are deemed to be Herita8e assets as defined by the Charities SORP IFRS1021. These Heritage assets 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 Parish Centre was built in 1938. There are no reliable records of the cost of this construction and valuation approach for such a building lacks sufficient reliability. As a result this buildin8 is not reco8nised In the parish statement of assets and liabilitie5. Fixtures and Fittings are recognised at cost l£l,0001 and are depreciated on a Straight line basis over a period of 10 years. Fixtures and Fittings include church hall tables, chairs, curtains etc Sil Investments Not Applicable St Katharine's Parish Church Page 8
Notes to the financlal statements for the year ended 31st December 2022 (continued) Reconciliatlon of Cash Funds No. I Current Account Total Cash Funds at Beginning of the year Receipt5 for the Year Payments for the Year Total Cash Funds at end of the year 33,275.90 77,988.32 64,351.54 46,912.68 No. 2 Current Account Clark Hall Refurbishment Total Cash Funds at Be8innln8 of the year Receipts for the Year Payment5 for the Year Total Cash Funds at end of the vear 4,278.79 1.200.00 5,478.79 Movement In Funds Atljan 2022 Incomlng Resources Out8oln8 Resources At 31 Dec 2022 Transfers Endowment funds Not Applicable Restrlcted funds Clark Hall Refurbishment Fund No. 01 Current Account 4,278.79 30,215.86 1,200.00 5,478.79 29,622.80 -593.06 34,494.65 1,200.00 -593.06 35.101.59 Unrestrlrted funds No. 01 Current Account 3,060.04 77,988.32 64,351.54 +593.06 17,289.88 3,060.04 77,988.32 64,351.54 +593.06 17,289.88 Total funds 37,554.69 79,188.32 64,351.54 0.00 52.391.47 St Katharine's Parish Church Page 9
Notes to the financial statements for the year ended 31st December 2022 (contlnued) Pur oses of Restricted Funds Clark Hall Refurbishment.. This is a fund to assist with the cost of refurbishing the Clark H311. No. I Current Account- There were amounts lodged within this account restricted for charitable purposes, and magazine printing, all of which was expended. There were also amounts designated by benefactors to be used for future clergy stipend5. In addition we received Covid grants which were used to provide screens and pa systems to alleviate social distancin8 Within the church. Collectlons for Thlrd Parties 2022 Good News For Everyone SAMS Leprosy Mission Nl Hospice 50.00 107.30 97.43 50.00 414.73 The above amounts have been included In Receipts for the Year under Donations for Charities and in Payments for the year under Charitable Donations. 5. Transactlons wlth 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. No trustee received any remuneration or reimbursement of expenses durin8 the year. 6. Governance Costs Governance costs were not incurred during the year. St Katharine's Parish Church Page 10