Charity number NIC102187
St Elizabeth's Parish Church
Financial statements
for the year ended 31 December 2023
St Elizabeth's Parish Church
Church information
Select Vestry Members Dr. Tomas Adell Rev. Tim Anderson Chairman Chris Caves Church Glebe Warden Dr. Thomas Dowling Trevor Hollinger Church Warden Keith Murray Peoples Glebe Warden Ruth Murray (Co-oped) Rev. Thomas Murray Jayne Poole Secretary Colin Sloan Lynn Logan Shane Caldwell Sarah Carson Family Minister Church Administrator Ruth Murray Charity number NIC102187 Independent Examiners MTS Prior McMahon 104-108 Frances Street Newtownards Co. Down BT23 7DY Church address Church Green Dundonald Belfast BT16 2LP Bankers Ulster Bank 1/2 Kings Square Kings Road Belfast BT5 7EA
St Elizabeth's Parish Church
Contents
| Page | |
|---|---|
| Statement of Select Vestry Responsibilities | 1 |
| Independent Examiners' Report | 2 - 3 |
| Statement of Financial Activities | 4 - 5 |
| Balance sheet | 6 |
| Cash flow statement | 7 |
| Notes to the financial statements | 8 - 24 |
St Elizabeth's Parish Church
Statement of Select Vestry's responsibilities for the year ended 31 December 2023
The Select Vestry are responsible for preparing the Annual Report and the Financial Statements in accordance with applicable law and regulations.
Law applicable to Charities in Northern Ireland requires the Select Vestry to prepare financial statements for each financial period which give a true and fair view of the Church's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Select Vestry are required to:
(a) select suitable accounting policies and then apply them consistently;
(b) make judgements and estimates that are reasonable and prudent;
(c) state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
(d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Church will continue it's activities.
The Select Vestry are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church and to enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Church and to prevent and detect fraud and other irregularities.
By order of the Select Vestry
Chairperson
6 July 2023
St Elizabeth's Parish Church
Independent examiners' report to the members of St Elizabeth's Parish Church
We report on the financial statements of St Elizabeth's Parish Church for the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the accounting policies set out therein.
Respective responsibilities of trustees and the examiner
As described in the Statement of Select Vestry Responsibilities the Select Vestry are responsible for preparing the accounts in accordance with the Charities Act (Northern Ireland) 2008.
It is our responsibility to:
-
(a) Examine the accounts under section 65 of the Charities Act
-
(b) Follow the procedures laid down in the general Directions given by the Commission under section 65(9)(b) of the Charities Act
-
(c) State whether particular matters have come to our attention.
Basis of independent examiners' report
We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charities Commission for Northern Ireland under section 65(9)(b) of the Charities Act.
Our examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinsion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Our role is to state whether any material matters have come to our attention giving us cause to believe:
-
That accounting records were not kept in accordance with section 63 of the Charities Act
-
That the accounts do not accord with those accounting records
-
That the accounts do not comply with the accounting requirements of the Charities Act
-
That there is further information needed for a proper understanding of the accounts to be reached.
St Elizabeth's Parish Church
Independent examiners' report to the members of St Elizabeth's Parish Church continued
Independent examiners' statement
We have completed our 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, we have found no matters that require drawing to your attention.
_______ P Armstrong (FCA) MTS Prior McMahon Chartered Accountants 104-108 Frances Street Newtownards Co. Down BT23 7DY
6 July 2023
St Elizabeth's Parish Church
Statement of Financial Activities
(including income and expenditure account) for the year ended 31 December 2023
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Graveyard DCT Property Music Fund Fund Maintenance Curate Fund Fund Fund Income from Note £ £ £ £ £ £ Income from other trading activities - FWO 127,867 - - - 5,510 - - Plate collections 2,511 356 - - - - - Graves and Weddings 1,565 - - - - - - Use of halls 2 2,045 - - - - - - RCB/Bonds 556 - - - - - - Fundraising 3 44 - - - - - - Trust income - - - 35,627 - - - Bank Interest - - - - 101 - - Sundry income 951 - - 678 - - Donations and Legacies - Gifts/ Legacies 26,885 - - - - - - Donations 3 7,225 250 3,120 - 532 - - Donations: events etc 3 2,627 - - - - - Income from charitable activities - Gift aid reclaimed 30,907 - - 1,775 1,263 - Total income 203,183 606 3,120 38,080 7,406 - Expenditure on |
2023 Total Funds £ 133,377 2,867 1,565 2,045 556 44 35,627 101 1,629 26,885 11,127 2,627 33,945 252,395 |
2022 Total Funds £ 126,183 2,746 2,291 3,394 2,063 2,175 23,332 18 1,784 15,984 6,436 6,246 30,901 |
|---|---|---|
| 223,553 | ||
The notes on pages 8 to 24 form an integral part of these financial statements.
Page 4
St Elizabeth's Parish Church
| Charitable activities 4 Governance costs 5 Total expenditure Net income/(expenditure) Transfer of property Transfers between funds Net results for year Balance brought forward at beginning of year Balance carried forward at the end of the year |
174,589 7,724 ) (182,313 20,870 7,849 28,719 ) (69,867 ) (41,148 |
491 - ) (491 115 1,000 1,115 4,680 5,795 |
2,829 - ) (2,829 291 - 291 6,381 6,672 |
44,231 - ) (44,231 ) (6,151 6,151 - - - |
- 86 ) (86 7,320 - ) (15,000 ) (7,680 120,565 112,885 |
- - - - - - 30 30 |
222,140 236,755 7,810 10,310 ) (229,950 ) (247,065 22,445 ) (23,512 - - - - 22,445 ) (23,512 61,789 1,088,213 84,234 1,064,701 |
|---|---|---|---|---|---|---|---|
The Church has no recognised gains or losses other than those included above and therefore no separate statement of total recognised gains and losses has been presented.
The income and expenditure amounts as stated above are derived solely from continuing operations.
The notes on pages 8 to 24 form an integral part of these financial statements.
Page 5
St Elizabeth's Parish Church
Balance sheet
| as at 31 December 2023 2023 Notes £ Fixed assets Tangible assets 6 3,376 Debtors 7 250 General Fund Bank Accounts 42,525 Property Fund Bank Accounts 42,847 85,622 Creditors: amounts falling due within one year 8 ) (4,764 Net current assets 80,858 Total assets less current liabilities 84,234 Net assets 84,234 Capital and reserves Unrestricted funds 12 ) (41,148 Restricted funds 13 125,382 84,234 |
2022 £ 300 12,475 50,529 63,304 ) (6,437 |
£ 4,922 56,867 61,789 61,789 ) (69,867 131,656 61,789 |
|---|---|---|
The financial statements were approved by the Select Vestry on and signed on its behalf by
_____ _____ Tim Anderson Jayne Poole Chairperson Secretary
The notes on pages 8 to 24 form an integral part of these financial statements.
St Elizabeth's Parish Church
Cash flow statement for the year ended 31 December 2023
| Notes Net income/(expenditure) for the reporting period (as per the SOFA) Depreciation charges Decrease in debtors (Decrease) in creditors Net cash (used in)/provided by operating activities Cash flow statement Net cash (used in)/provided by operating activities Capital expenditure 10 (Decrease)/Decrease in cash in the year (Decrease)/Decrease in cash in the year Net funds at 1 January 2023 Net funds at 31 December 2023 11 |
2023 2022 £ £ 22,445 ) (1,026,424 3,655 3,636 50 - ) (1,672 289 24,478 ) (1,022,499 24,478 ) (1,022,499 ) (2,110 1,002,912 22,368 ) (19,587 22,368 ) (19,587 63,004 82,591 85,372 63,004 |
|---|---|
St Elizabeth's Parish Church
Notes to the financial statements
for the year ended 31 December 2023
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
1.1. Basis of preparation
The financial statements have been prepared on a going concern basis in accordance with 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 (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s).
1.2. Preparation of accounts on a going concern basis
The Parish generally meets its day to day working capital requirements from its annual income. The Select Vestry have obtained and reviewed cashflow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the forseeable future. Therefore these financial statements have been prepared on a going concern basis.
1.3. Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows:
Unrestricted funds are general funds which are available for use at the discretion of the Vestry in furtherance of the general objectives of the Church and have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Church for particular purposes. The cost of raising and administering such funds are charged against funds raised.
St Elizabeth's Parish Church
Notes to the financial statements
for the year ended 31 December 2023
.................... continued
1.4. Incoming resources
All incoming resources are included in the statement of financial activities when the church is legally entitled to the income and the amount can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the church being notified of an impending distribution or the legacy being received.
Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the church where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.
Due to the nature of the donated income, such income is not capable of control by the Church. However, financial controls are in place to ensure accurate recording and safeguarding of all income received by the Church.
Investment income is recognised on a received basis.
1.5. Resources expended
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are those costs incurred in attracting voluntary income and those incurred in trading activities that raise funds.
Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements.
1.6. Tangible fixed assets and depreciation
Equipment is recognised at cost, and are depreciated on a straight line basis over 5 years.
1.7. The Charity Commission for Northern Ireland
St Elizabeth's Parish Church is now registered as a charity with the Charity Commission for Northern Ireland - registration number NIC 102187.
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
2. Use of halls
| Use of halls | ||
|---|---|---|
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Graveyard DCT Property Music Fund Fund Maintenance Curate Fund Fund Fund £ £ £ £ £ £ Glowfitt/Clubbercise 460 - - - - - Badminton Club - - - - - - Ladies Bowling Club - - - - - - St Johns Ambulance 960 - - - - - GAFCON Ireland - - - - - - Crosslinks - - - - - - Zumba - - - - - - Cyriac FG 625 - - - - - 2,045 - - - - - |
2023 Total £ 460 - - 960 - - - 625 2,045 |
2022 Total £ 760 564 50 1,300 50 100 180 390 |
| 3,394 |
Page 10
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
3. Donations
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Graveyard DCT Property Music Fund Fund Maintenance Curate Fund Fund Fund £ £ £ £ £ £ General Donations 7,225 250 3,120 - 532 - 7,225 250 3,120 - 532 - Donations for events/training/books 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Graveyard DCT Property Music Fund Fund Maintenance Curate Fund Fund Fund £ £ £ £ £ £ Lunch Donations 169 - - - - - Christmas lunch donations 395 - - - - - Church weekend away - - - - - Theology Ireland 100 - - - - - IMC 149 - - - - - DBW 326 - - - - - Training & Books 157 - - - - - Youth outing 131 - - - - - IWC 422 |
2023 Total £ 11,127 11,127 2023 Total £ 169 395 - 100 149 326 157 131 422 |
2022 Total £ 6,436 |
|---|---|---|
| 6,436 | ||
| 2022 Total £ 113 210 2,825 65 355 420 1,690 568 - |
Page 11
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
| Concert 507 Ladies morning 67 Coffee morning 59 FG Breakfast 115 Dinner Gift 30 2,627 - - - - - Fundraising 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Link DCT Property Music Fund Fund Fund Curate Fund Fund Fund £ £ £ £ £ £ Easy fundraising.org 44 - - - - - 4 Peaks Challenge - - - - - - 44 - - - - - |
507 67 59 115 30 2,627 2023 Total £ 44 - 44 |
- - - - - |
|---|---|---|
| 6,246 | ||
| 2022 Total £ 51 2,124 |
||
| 2,175 |
Concert Ladies morning Coffee morning FG Breakfast Dinner Gift
Fundraising
Page 12
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
4. Resources expended - charitable activities
| 2023 2023 2023 2023 2023 2023 Note Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Graveyard DCT Property Music Fund Fund Maintenance Curate Fund Fund Fund £ £ £ £ £ £ Salaries & pension 4.8 92,706 - - 44,231 - - Diocese 15,142 - - - - - Mission 4.1 18,890 491 - - - - Outreach 4.2 3,860 - - - - - Advertising - - - - - - Light & heat 4.3 8,154 - - - - - Premises insurance 8,874 - - - - - Travelling expenses 4.4 5,651 - - - - - Printing & stationery 4.5 4,213 - - - - - Maintenance 4.6 4,886 - 2,829 - - - Catering 2,282 - - - - - Miscellaneous 4.7 1,868 - - - - - Ground rent 13 - - - - - Rates 3,721 - - - - - Telephone/internet 1,402 - - - - - Computer & software 1,524 - - - - - Licences 1,403 - - - - - Room hire - - - - - - 174,589 491 2,829 44,231 - - |
2023 Total £ 136,937 15,142 19,381 3,860 - 8,154 8,874 5,651 4,213 7,715 2,282 1,868 13 3,721 1,402 1,524 1,403 - 222,140 |
2022 Total £ 156,288 15,362 17,973 4,040 360 12,184 4,556 4,317 3,460 7,552 1,488 3,540 26 2,308 900 1,070 1,331 - |
|---|---|---|
| 236,755 |
Page 13
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
4.1. Resources expended - Mission
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Link DCT Property Music Fund Fund Fund Curate Fund Fund Fund £ £ £ £ £ £ Christian Institute 875 - - - - - Scripture Union 500 - - - - - Crosslinks (J Martin/T Watson/J Hooker) 4,996 - - - - - ICM 2,502 241 - - - - WEC Intern 2,004 - - - - - Barnabas Fund 996 - - - - GAFCON 1,500 - - - - - Crosslines (Project Timothy) 996 - - - - - AID 668 - - - - - Dundonald Foodbank - 250 - - - - Inspector Smart 750 - - - - - Clive West Memorial Trust 500 - - - - - Intern Missions Jews 500 - - - - - Communico Messianica 500 GYD 1,500 Bishops Appeal 103 - - - - - 18,890 491 - - - - |
2023 Total £ 875 500 4,996 2,743 2,004 996 1,500 996 668 250 750 500 500 500 1,500 103 19,381 |
2022 Total £ 125 750 5,317 2,502 2,004 996 2,000 996 996 1,037 750 500 - - - - |
|---|---|---|
| 17,973 |
Page 14
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
4.2. Resources expended - Outreach
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Link DCT Property Music Fund Fund Fund Curate Fund Fund Fund £ £ £ £ £ £ DBW Advertising material 337 - - - - - Summer Packs 393 - - - - - Visiting preachers 1,155 - - - - - Jubilee/Coronation events 168 - - - - - Easter childrens outreach - - - - - - Christmas leaflets, packs, selection boxes 807 - - - - - M Tinker Concert 1,000 3,860 - - - - - |
2023 Total £ 337 393 1,155 168 - 807 1,000 3,860 |
2022 Total £ 221 - 750 1,766 100 1,203 - |
|---|---|---|
| 4,040 |
Page 15
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
| 4.3. | Resources expended - Light & heat | Resources expended - Light & heat | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | ||||||||||||||
| Unrestricted | Restricted | Restricted | **Restricted ** | Restricted | Total | Total | ||||||||||||||
| General | Mission | Link | DCT | Property | ||||||||||||||||
| Fund | Fund | **Fund ** | Curate Fund | Fund | ||||||||||||||||
| £ | £ | £ | £ | £ | £ | £ | ||||||||||||||
| Electricity | 2,677 | - | - | - | - | 2,677 | 3,613 | |||||||||||||
| Gas | 3,639 | - | - | - | - | 3,639 | 6,595 | |||||||||||||
| Oil | 1,838 | - | - | - | - | 1,838 | 1,976 | |||||||||||||
| 8,154 | - | - | - | - | 8,154 | 12,184 | ||||||||||||||
| 4.4. | Resources expended - Travelling expenses | |||||||||||||||||||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | |||||||||||||
| Unrestricted | Restricted | Restricted | **Restricted ** | **Restricted ** | Restricted | Total | Total | |||||||||||||
| General | Mission | Link | DCT | Property | Music | |||||||||||||||
| Fund | Fund | Fund | Curate Fund | Fund | Fund | |||||||||||||||
| £ | £ | £ | £ | £ | £ | £ | £ | |||||||||||||
| Irish Youth Convention | 126 | - | - | - | - | - | 126 | 225 | ||||||||||||
| Church weekend | 4,605 | 4,605 | 3,608 | |||||||||||||||||
| Irish Mens Conference | 470 | - | - | - | - | - | 470 | 484 | ||||||||||||
| Irish Womens Conference | 450 | 450 | - | |||||||||||||||||
| 5,651 | - | - | - | - | - | 5,651 | 4,317 |
Page 16
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
| 4.5. Resources expended - Printing & stationery 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Link DCT Property Music Fund Fund Fund Curate Fund Fund Fund £ £ £ £ £ £ Photocopier 2,399 - - - - - Stationery 989 - - - - - Postage 72 - - - - - Books and resources 753 - - - - - 4,213 - - - - - |
2023 Total £ 2,399 989 72 753 4,213 |
2022 Total £ 2,337 243 73 807 |
|---|---|---|
| 3,460 |
Page 17
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
4.6. Resources expended - Repairs and Maintenance
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Graveyard DCT Property Music Fund Fund Fund Curate Fund Fund Fund £ £ £ £ £ £ Alarm manintenance & repairs 1,326 - - - - - General repairs and maintenance 946 - 2,829 - - - Servicing boilers & repairs 484 - - - - - Cleaning & supplies 1,298 - - - - - Service of fire extinguishers 402 - - - - - Lift maintenance contract 430 - - - - - New water heater - - - - - - Repairs to Mount Regan Avenue - - - - - - Drains to path and resealing of guttering - - - - - - Other - - - - - - 4,886 - 2,829 - - - |
2023 Total £ 1,326 3,775 484 1,298 402 430 - - - - 7,715 |
2022 Total £ 1,224 1,729 433 1,294 207 403 285 90 1,250 637 |
|---|---|---|
| 7,552 |
Page 18
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
4.7. Resources expended - Miscellaneous
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Link DCT Property Music Fund Fund Fund Curate Fund Fund Fund £ £ £ £ £ £ Communion wine/cups 412 - - - - - Leaving gift J Beare - - - - - - Developing Rectors Program 250 - - - - - Youth outings - - - - - Flowers/Cakes/Gifts etc 233 - - - - - Advent candles 89 - - - - - Burial of remains - - - - - FWO Envelopes and books 175 - - - - - Christmas Trees & Items 165 - - - - - Food and drinks 20 - - - - - Gifts - - - - - - Items for ABC ' Parent & Toddler' Group 374 Other 150 - - - - - 1,868 - - - - - |
2023 Total £ 412 - 250 - 233 89 - 175 165 20 - 374 150 1,868 |
2022 Total £ - 1,000 500 733 - - 50 343 90 581 140 - 102 |
|---|---|---|
| 3,539 |
Page 19
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
4.8. Resources expended - Salaries & pension
| 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted General Mission DCT Property Music Fund Fund Curate Fund Fund Fund £ £ £ £ £ Gross wages 80,351 - 35,785 - - Employers NIC 4,612 - 1,898 - - Employers pension costs 7,743 - 6,547 - - 92,706 - 44,230 - - |
2023 Total £ 116,136 6,510 14,290 136,936 |
2022 Total £ 133,622 8,631 14,035 |
|---|---|---|
| 156,288 |
Included in the above figures are salaries to Trustees (Select Vestry members):
| 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted General Mission DCT Property Music Fund Fund Curate Fund Fund Fund £ £ £ £ £ Gross wages 51,404 - - - - Employers NIC 2,920 - - - - Employers pension costs 7,743 - - - - 62,067 - - - - |
2023 Total £ 51,404 2,920 7,743 62,067 |
2022 Total £ 48,447 3,444 7,153 |
|---|---|---|
| 59,044 |
Page 20
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
There are no employees in receipt of employee benefits in excess of £60,000.
5. Governance costs
| 2023 2023 2023 2023 2023 2023 Unrestricted Restricted Restricted Restricted Restricted Restricted General Mission Link DCT Property Music Fund Fund Fund Curate Fund Fund Fund £ £ £ £ £ £ Accountancy 3,130 - - - - - Bank charges 607 - - - 86 - Depreciation on equipment 3,656 - - - - - Depreciation on church hall - - - - - - Pension admin costs 331 - - - - - Legal and professional - - - - - - 7,724 - - - 86 - |
2023 Total £ 3,130 693 3,656 - 331 - |
|---|---|
| 7,810 |
Page 21
St Elizabeth's Parish Church
Notes to the financial statements
for the year ended 31 December 2023
| .................... continued 6. Tangible fixed assets Equipment Total £ £ Cost At 1 January 2023 85,254 85,254 Additions at cost 2,110 2,110 At 31 December 2023 87,364 87,364 Depreciation At 1 January 2023 80,333 80,333 Charge for the year 3,655 3,655 At 31 December 2023 83,988 83,988 Net book values At 31 December 2023 3,376 3,376 At 31 December 2022 4,921 4,921 7. Debtors 2023 2022 £ £ Prepayments and accrued income 250 300 8. Creditors: amounts falling due 2023 2022 within one year £ £ Trade creditors 566 995 Other creditors 1,078 82 Accruals and deferred income 3,120 5,360 4,764 6,437 |
.................... continued 6. Tangible fixed assets Equipment Total £ £ Cost At 1 January 2023 85,254 85,254 Additions at cost 2,110 2,110 At 31 December 2023 87,364 87,364 Depreciation At 1 January 2023 80,333 80,333 Charge for the year 3,655 3,655 At 31 December 2023 83,988 83,988 Net book values At 31 December 2023 3,376 3,376 At 31 December 2022 4,921 4,921 7. Debtors 2023 2022 £ £ Prepayments and accrued income 250 300 8. Creditors: amounts falling due 2023 2022 within one year £ £ Trade creditors 566 995 Other creditors 1,078 82 Accruals and deferred income 3,120 5,360 4,764 6,437 |
.................... continued 6. Tangible fixed assets Equipment Total £ £ Cost At 1 January 2023 85,254 85,254 Additions at cost 2,110 2,110 At 31 December 2023 87,364 87,364 Depreciation At 1 January 2023 80,333 80,333 Charge for the year 3,655 3,655 At 31 December 2023 83,988 83,988 Net book values At 31 December 2023 3,376 3,376 At 31 December 2022 4,921 4,921 7. Debtors 2023 2022 £ £ Prepayments and accrued income 250 300 8. Creditors: amounts falling due 2023 2022 within one year £ £ Trade creditors 566 995 Other creditors 1,078 82 Accruals and deferred income 3,120 5,360 4,764 6,437 |
|---|---|---|
| 6,437 |
9. Related party transactions
No related party transactions took place during the year.
St Elizabeth's Parish Church
Notes to the financial statements
for the year ended 31 December 2023
.................... continued
| 10. | Gross cash flows | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| £ | £ | ||||||||||
| Capital expenditure | |||||||||||
| Payments to acquire tangible assets | ) (2,110 |
) (1 |
|||||||||
| Receipts from sales of tangible assets | - | 1,002,912 | |||||||||
| ) (2,110 |
1,002,911 | ||||||||||
| 11. | Analysis of changes in net funds | ||||||||||
| Opening | Cash | Closing | |||||||||
| balance | flows | balance | |||||||||
| £ | £ | £ | |||||||||
| Cash at bank and in hand | 63,004 | 22,368 | 85,372 | ||||||||
| Net funds | 63,004 | 22,368 | 85,372 | ||||||||
| 12. | Unrestricted funds | ||||||||||
| 2023 | 2022 | ||||||||||
| £ | £ | ||||||||||
| At start of year | (69,867 | ) | (43,795 | ) | |||||||
| Surplus/(Deficit) for the year | 20,870 | (18,429 | ) | ||||||||
| Transfer in from property fund | 15,000 | - | |||||||||
| Transfer to Mission Fund | (1,000 | ) | (1,000 | ) | |||||||
| Transfer to DCT Curate Fund | (6,151 | ) | (6,643 | ) | |||||||
| At end of year | (41,148 | ) | (69,867 | ) |
St Elizabeth's Parish Church
Notes to the financial statements for the year ended 31 December 2023
.................... continued
13. Restricted funds total
| 2023 2023 2023 2023 2023 Restricted Restricted Restricted Restricted Restricted Mission DCT Property Music Graveyard Fund Curate Fund Fund Fund Maintenance £ £ £ £ £ Total at start of year 4,680 - 120,565 30 6,381 Surplus/(Deficit) for the year 115 ) (6,151 7,320 - 291 Transfer of property Funds transfer 1,000 6,151 ) (15,000 - - Total at end of year 5,795 - 112,885 30 6,672 |
2023 2022 Total Total £ £ 131,656 1,132,008 1,575 ) (5,083 - 1,002,912 7,849 7,643 125,382 131,656 |
|---|---|
Page 24