St Katharine's Parish Church 2-4 Dunlambert Paik. Bellast 8TIS 3NJ Independent Examlners Report to the Trustees Statement of Recelpts and Payments and Assets and Llabllltles For the year ended 31st December 2023 Charltles Number: NIC102178 Revision Not Applicable St Katharine's Parish Church Page I
St Katharine's Parish Church Independent Examlners Report to the Trustees Statement of Receipt5 and Payments and A55ets and Llabillties for the year ended 31st December 2023 Contents Pages References and administrative details of the Charity Independent Examlners Report to the Trustees Receipts and payments account Statement of assets and liabilitie5 Notes to the financial statements 8-10 St Katharine's Parish Church Page 2
St Katharine's Parish Church References and admlnistrative detalls Charity Name.. St Katharine's Parish Church Charity Registration Number.. NIC102178 Contact Address.. 2-4 Dunlambert Park, Belfast BT15 3NJ Trustees Reverend WilliamTa88art Mr A Hughes Mr C Parkes IDecea5ed 20231 Mr N Mcconnell Mr S Mcclure Mrs D Mcclure Miss E L Parkes Prlnclpal Offlce-bearers Clergy.. Reverend WilliamTag8art Church Honorary Treasurer.. Mr A Hughes Church Honorary Secretary.. Mr C Parkes IDeceased 20231 Church Honorary Secretary: Mr N Mcconnell Independent Audltor Mr5 G McBride Unit 81.13 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 26 March 2023 Independent Examlners Report to the Trustees of St Katharine's Parlsh 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 315t December 2023. Mr5 Gillian McBride Independent Examlner Date: 26 March 2023 St Katharine's Parish Church Page 4
Receipts and Payments Account for the year ended 31st December 2023 No. I Current Account Unrestrlcted Funds 2023 Restricted Funds 2023 Endowment Funds 2023 Total 2023 Note Recel Plate collections HMRC Gift & Charities Aid Special collections Gifts and Donations Proceeds from Fund Raising Events Donations for Church Magazine Donations for Charities Other Receipts IDesi8nated Purposes) Receipts from Parish Organisations NIA 28.748.24 5.403.37 280.00 4,027.40 28,748.24 5,403.37 280.00 4.027.40 5.00 950.79 1,200.00 950.79 1,200.00 Total R cei 40,799.01 955.79 41.754.80 Pa ments Wages and Salaries Diocesan Costs/ Share & Pension Clergy Housing Costs Property Costs Administration Costs Church runnin8 Costs Charitable Donations Payments from Parish Or8anisatlons NIA 41,406.96 13,232.79 6,000.00 5,255.95 2.261.02 203.50 41,406.96 13,232.79 6,000.00 5.255.95 2,266.02 203.50 950.79 5.00 950.79 Total Pa ments 68,360.22 955.79 69,316.01 ExcessllDeflclt) of Recelpts over Payments for the year before transfers 127,561.211 127,561.211 Transfers nla ExcessllDeflcltl of Recelpts over Payments for the year {27,561.21) 127,561.211 On Behalf of the Trustees Trustee I Trustee 2 St KathariDe's Parish Church Page 5
Receipts and Payments Account for the year ended 31st December 2023 No. 2 Current Account Buildin s Maintenance Fund Unrestricted Funds 2023 Restrlcted Funds 2023 Endowment Funds 2023 Total 2023 Note Recel ts Donations 25,477.51 25,477.51 Total Recel ts 25,477.51 27,477.51 Pa ments Repayment of loan Total Pa ments Excess/lDeflcltl of Recelpts over Payment5 for the year before transfers 22,892.82 22,892.82 Transfers Nll Excess/lDefSc5tl of Recelpts over Payments for the year 22,892.82 22,892.82 On Behalf of the Trustees Trustee I Trustee 2 nJ4 M, St Katharine's Parish Church Page 6
Statement of Assets and Liabilities as at 31st December 2023 Unrestricted Funds 2023 Restrirted Funds 2023 Endowment Fund5 2023 Total 2023 Cash Funds Current Accounts 11,775.23 7,576.24 8,063.48 15,639.72 19,351.47 8,063.48 27,414.95 Deposit Accounts Total Cash Funds 11,775.23 Investment Assets Equity Investments Other Listed Investments Investments in RCB / CIT Unit Trust5 Other unlisted nvestments Investment Properties Total Investment Assets Assets retalned for the Parlsh's own use Parish Centre Glebe House Fixtures and Fittings Total Assets retalned foi the Parlsh's own use £Nil £NII £50 £50 On Behalf of the Trustees Trustee I Trustee 2 Si Katharine's Parish Church Page 7
Notes to the financlal statements for the year ended 31st December 2023 Accounting policles 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) Receipt5 and Payments Accounts Ibl No. l & 2 Current Accounts All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. Transfers between accounts There have been no transfers between accounts. Icl Statement of Assets and Llabllltles (l) Assets retalnedAor the Parlsh's own use The assets of the Parish, retained for its own use comprise:_ Church Buildin8 and Graveyard Parish Centre Fixtures and fittings The Church Building {and any Gravèyard) are deemed to be Heritage assets as defined by the Charities SORP IFRS1021. These Herlta8e 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 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 building is not recognised in the parish statement of a55ets and liabilities. Fixtures and Fittings are recognised at cost l£l,0001 and are deprÈciated on a straight line basi5 over a period of 10 years. Fixtures and Fittings include churth hall tables, chairs, curtains etc 111 Investments Not Applicable St Katharine's Parish Church Page 8
Notes to the financlal statements for the year ended 31st December 2023 Icontlnued) Reconclliation of Cash Funds No. I Current Account Total Cash Funds at Beginning of the year Receipts for the Year Payments for the Year Total Cash Fund5 at end of the year 46,912.68 41,754.80 69,316.01 19,351.47 No. 2 Current Account Buildin85 Maintenance Fund Total Cash Funds at Be8innin8 of the year Receipts for the Year Payments for the Year Total Cash Funds at end of the year 5,478.79 25,477.51 22,892.82 8,063.48 Movement In Funds Atljan 2023 Incomlng Resources Out8olng Resources At 31 Dec 2023 Transfers Endowment funds Not Applicable Restrlcted funds Buildings Maintenance Fund No. 01 Current Account 5,478.79 29,622.80 25,477.51 22.892.82 22,938.00 8,063.48 7,576.24 35,101.59 25,477.51 45,830.82 15,639.72 Unrestricted funds No. 01 Current Account 17,289.88 41,754.80 46,378.01 11,775.23 17,289.88 41,754.80 64,351.54 11,775.23 Total funds 52,391.47 67,232.31 92,208.83 27,414.95 St Katharine's Parish Church Page 9
Notes to the financial statements for the year ended 315t December 2023 (continued) Pur oses of Restricted Funds 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 amounts lodged in previous years designated by benefactors to be used for future clergy stipends, these were expended in 2023 for that purpose. No, 2 Deposit Account - Buildings Maintenance Fund: This is a fund to assist with the cost of maintaining the Church and buildings. All amounts lodged within thls account were desl8nated by benefactors to be used for the up-keep and maintenance of the Church and buildings, 2023 expenditure included replacement of radiators in the Church. 4. Collectlons for Thlrd Partles 2023 SAMS Leprosy Mission Tearfund 154.70 529.09 267.00 955,79 The above amount5 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 transactlon entered into by the charity during the year. No trustee received any remuneration or reimbursement of expenses durlng the year. 6. Governance Costs Governance costs were not incurred during the year. St Katharine's Parish Church Page 10