Charity nwnber NICI02187 St El1beth.S Parish Church Financial sfatemeots for the year ended 31 December 2024
St Eliubeth's Parish Chorch Chwth incorntiO Select Vthy Members Dr. Tomas Adell Rev. Tim Andetson Mark C21derwLKd Sarah Carsoft Chris Caves Hannah Dowling Dr. Thom&s Lknvllng Trevor Hollinger Lynn tngan Ruth Murray Rev. Thomas MuTf4y ReLrcca Neill Rthy F4eAll Jayne P Colin Sloall chaIrn until (kt 2024 Peoples Churcb Warden Family Minister ChUh GIel Warden Rectors Church Warden Treasurer Chwch Administrator Ruth MuaY Charity number NtC102187 Independent ExamiDer5 MTS Prior Mcmah( I04-108 Franc St Newtownards Co. Dow BT23 7DY Cbureh addre55 Church Green Dundonald Belfast BT16 2LP Bankers Ulster Bank Ir2 Ktngs Squa King5 Rd Belfasi BT5 7EA
St Eliubeth's Parish ChDYth Contents Statement of Sekci Vesty Responsibilitics [Th(kpellt Examiners. Report Statement of Financial Activities Balance sheet Cash tlow statellmt Noies to the fmatKial starements
St EKz4beth's Parish Chvr¢h S¢atemeRt of Select Vestry's resyxLsibilitks for the year ended 31 December 2024 The Select are responsibk for preparing the Annual Report the Financial StstcmeDts in accord with applicable law and tegulalions. IAW applicable io ChiticS in Northern treland requires the Sclect Vesty io prepatc financial atements ft each financial period whAch give a true al fair view of ihe Church's financiat aciivities dunno th¢ year and of Its financial position at ihe end of th¢ year. In preparing those financial ststements. the Select Vestry are required ¢0: (a) select suitable rnting policies and then apply them c(X)SiSTcntly' {b} ntske judgemenrs a1 estimates ihai t ieasonabte and pwdent; (c) state whether applicable accounting standards have been followed. subject lo any matrrial departures disclosed and explain in the Iinanciai statements- (d) prepare the filwncial Stalen15 Ott the going concern basl5 unless it is 1napptopr1a to presu1 thai the Church will continue it's liVI1]es. The Select Vesrry are re5ponsibk for mainlaining proper accouniing records which disclose with tras(mable curacy at at)y time ihe tinancial tK)siuon of the Church and to enable them lo en5Ute that th¢ financial siatements comply wilh th¢ Charities Act (Northern cland) 2(M)8. They have general [MsIbilItY for tiking such s*ps as are reas(xthly open to them 10 safeguard the 5¢¢$ of the Chuteh and to prevent and e¢l fraud and other irregulatitics. By of thc Sclcct Vesty. Trtvor Rector5 Churth Warden 24 Mch 2025 Page I
St Ebubeth's Parish ch IndepeIent eMInerS. report to the mwxbers or St Ellzaljeth's Parish ChuTrh We rep)rt on the financial ststements of Si Elizabeth's Parish ChuTch for the year ended 31 December 2024 which eornprise the statemeni of financtat xtiviiies. the baIance sheet and the reled notes. These financial Statements have been Pfepared under the ting p)IAcies sei (Mit iherein. iiweelive reSp(mblI1tls thr ttee5 and the wmRner As described in the Siatement of Sele¢t Vests). Resp)nsibilities th¢ Select Vesty tsre rewnsiblc for prcparing the in accordance with the alarities Act (Northern beiand) 2(K)8. It is our wnsillility to: (a) Examitt the accounts under section 65 of the Cbarities Act (b) Follow the prcredures laid down in the general Diredions given by the Commission under section 6519)(b) ol the Charities Act (c) Statc wlkn particular matteTS have come to our attenlion. We have examined your Clw-ity accounts 45 tequired under Secti 65 of the Chatiiies Act and examin10 w45 carried in acciKdtstKe with the generdl Dir¢ctions given by the Clwities Collunission for Nonhern Itcland under scction 65(9Kb) of the CIMritÈe5 Act. Ouc included a review of the accounling ffcord5 kcpi by the eharity and a compati50n of the accounts pte5cnted with those records. li also iocluded considcrdtion of any unusual im5 or disclosu$ tn Ihe accouD15, and seeking eXplanati(S from as chwity trustees coocerning any sueh matters. The pffKedures uo(krtakcn do not provide all the evidence that would k 1r in an audit and consequently no opinsion is given as lo whcther tbe accounis ptesent a -iNe and fair view" and the rel is limited to tho matters set out in the statement below. Our rok As to whether any MalIa1 have come to (Mr aitcniion giving us cause ro kliev l. That *cqNJnting tecord5 We kept in accordan with se10 63 of the Charities Act 2. That the acccwnts do not accord with those accounting reco5 3. That the accourLts do not c¢)mply with the accDuTrting requirements of the Clwitics Art 4. That there is fvrth¢r infonnation needed for a Pro[ understanding of the ac¢wnts be reached. Page 2
St Ellzabeth's Parish Chureh Independent examlners, report to the members of St EIIzkibeth's Parish Church continiied Independent examiners, statement We have completed our examination and have no conMS in respect of the mauers (I I (4) lisd above and, An cvnneclion wilh followino the Direciions of ilie Charity Comrt)ission for Northern Ireland, we have found no matters that require drawing to ythlr attention. P Armstron&' IFCA) MTS Prior Mcmahon Chartered Accvuntants 104-108 Frances Street Newtownards Co. Down BT23 7DY 24 fvlarch 2025 Page 3
2• T•tsl .FWO 147.939 151Jm 13JJ77 IJ 77J - Usc . RCBI&M 775 594 311 127 732 11*29 79.926 14 3205 l.L77 ¥iJ 13.945 IlJ39
IW853 437 &915 47.K4 254.1?1 éJlg (mi.MJ ({979) (47.474) 31373 11.724} (31935) U5 )J.93S S795 3.915 (6.{ 445 141.141 5.795 61.781 Il6.qYJ
St Elizabeth's Pgrksh Church as at 31 December 2024 2023 NotÉs Tangiblc a55efS 1.267 3,376 Debtors nernl Fund Bank Accoun Pmtffj Fund Bank Accounts 3(Ki 34,353 46.790 250 42,525 42,847 81.443 85.622 duewithitt one year {5.082) (4.765) NetfUTreDt *ssets 76361 80.857 Total current liabllities 77.628 84233 Tl.628 84233 Capital reservts Unrestricted fvnlts Restrlcted funds 12 (44.230) 121.858 (4l,149) 125.382 13 77.628 84.233 The fmancial strments were approved by the Select Vestry on 24 Match 2025 and signed on its behalf bv Trevor Hollinger Reetors Church Wvdrden Jajne Poole Se¢tary The notes on pages 8 to 2> fomi an integrgl part of financial statemenlk Page 6
St E4uabeth's Parlsh Church Cath flow ststemeot for the yer ended 31 DeLYmber 2024 2024 Notes Net incon)el(expenditure) for the reporting wiod (a5 per the SOFA) Dcptrciaiion ehaT8es (Inct&2se) in debtot5 In¢r¢asc in creditors (6.(4J6) 2,108 (50) 318 22.445 3.655 (1.672) Net ¢ash (used inyprovided by fypern artivities (4.230) 24,478 Cash flow statement Net cash (uqed jttyprovid by operating activities CapiLII expenditure (4.230) 24.478 {2.110) io (4.230) {4.230) 85.372 22.368 63.(X)4 Net funds at l January 2024 Net fun(is at 31 December 2024 li 81.142 85.372 Page 7
St Elitibeth's Partsh Chureh Notes to the fioandal $tatemeDts for the yetr ended 31 lknmber 2024 ActountiD8 ltieS The principal counting policies W. judgements and key SOLuces of cstimalion uncertainty in the prepara11 of the financial statements ar¢ as follows: 1.1. Basis of preparntiott The financial Stements have been prepa1 on a going concern basis in w)rdance with Accounting and Rew>rting by ChaTitiC5." Statetnent of Recommended PTaCtice applicable io chwitlC5 Ptepating their aceounts in xcordance with the Financial Reporting Swidard applicabk in the UK and Repthblic of Ireland (FRS 102)- (Clwitics SORP (FRS 102)). the Financi Reporting Standard applicable in ihe UK aud R¢pubAic of Ircland (FRS 102). The Parith mcets the definiti¢XL of a public benefit entity under FRS 102. Assets and liabilities atc initially recognised at hisiorical c05t aTAd 7Ct{[ value unless otherwise Sed iu the Televaot accounting policy n(rfs). l.2. Preparntion of accounts on a going cowern basis The PiSh genetally meets its day to day vA)Tking capital reqU1ments from its annal income. The Sekct yes have rt)tained and VieWl cashflow lorecasL% for c¢Nning )raT al bd5ed on these are 5atisfd tbat the Partsh ha5 resources ro provide a aSonable eXctatiOn that it can continue to med its flnancial obligations as they fall due for the forseeable fjJturL Therefo these rmala1 aYthI$ have been prepar1 on a going conccrn basis. IJ. Fund actountillg FurKIs a t11[ as either Icstricted filnds or nSl¢ted funds. defined as follows: uns1Ctcd funds aff general lud5 Iwhich are available for use at the dtscretion of tt Vesty in futtherance of the gera1 objectsves of the Church al hav¢ not been designated other purww5. Restricted funds tutkds whith to be used in acc(Trrdan '1th slfie restrictions imp)*d by donor5 or which have been [sed by the chUb fot particular purwkses. The cost of rdi5iDg and administering such funds are charged against tun(ts raised. Page 8
St Eliubdh's Parisb Church Notes to the fin&n¢lal st4lemerAts tor the year ethled 311)e¢emr 2024 . ¢oniiDued 1.4. Ineomfing resources All incoming resOUrS are included in the statennt of financial ac(ivities wben the church is legally entitled lo the ineome aThd the am(wnt can quantified with reasonabIe accuracy. For legacie& enuikment is th¢ earlier of the Church being n(Mified of an impend&ng distribution or the legacy bcing received. Gifts ID kind donated for distribution ate includJ.at valuation and recognised as iwome when Ihey are di51ribuRd (o the projects. Gifts donaied for resaIc are included as incollr when are sold. Tknted faciltiies are included at the value to the thurch Whe Ihis quaniified and a thitd party is Ixwing the cost. No aM(nts aff in¢luded in the financial staments for services donated by volunteers. Due to the Dature of the dOled irAconK such iw)me is not capable of control by Ihe Church. However. financial control% e in plxe to ensure *curdt recording and safeguardrng of all income received by the Churcb. Investment income is recognis&J on a fLTeived basis. IS. Resour¢¢5 expended All eXpendire is accounied for on an accruals basis atKI has bceu clas5ifie(l undcr helIngS tbai egate all costs laled to the category. Cost5 of generating fvnds are those cosis incurred in aitiacting voluntary and those incuffed in trading acuVitS that raise fvnds. Governance cOS include those incurtcd in the govemance of its assds and are primarily I]ted wilh conltional and slatUl(ry tcquircmenLS. 1.6. Tgible fixed wtts and deprttialion Equtpment is recognjsed at cost. and are dep¢ated on a straight line basis over 5 yea. 1.7. The Charity Commission for Northern Ireland St Elizabeth's Patish Church is now tlSrea as a chIry with thc Chlty Commission t.or Northern tTeland - registtation number NIC 102187. Page 9
f0rihevearv•jJI ies Ci 575 575 775 775 1045
I4 11.1?7 14J96 24 195 215 DBW 194 Y¢pJth othTill8 Iwc 43 45 4_
- tlIned YI7 07 1)3 113J IIJJ 4 Peaks ChallenEE P•Rz J2
2024 F*lld 107.738 47.474 155112 15. ?J.910 1.275 IX937 i915 3275 6.915 19.381 42 8.448 7293 6.wl 4.897 13.831 3.973 J.491 8.154 7.293 &991 4.4 %h51 .?13 7.715 228? 3.973 3.491 ij ij 3.125 1.769 1.524 lth76 1.676 l94%53 &915 47.4N 254.171 2L7 140 P•Ee IJ
i. F•ryl ¥75 C11•k. (1 Hth)k¢r) 11.676 2.743 747 747 C4WsWl1*4wTinthy) AID 25D 750 7YJ McoThial Tn&st 67 67 GYD I03 1fi995 &915 19J81
F¥ F•ud F•nd 318 318 337 393 16U 258 1.184 M TithrCIxtt 3.275 15
IJ F•tsd Cu*FuDd Fv 77 3.039 1•4 824 8.418 8.1 Py16
Fund 126 5.4KS X485 47D l50 Fth Kid5 991 5.651 [7
Z4 Fund 2545 2545 iio I5 753 P1$
Fw Fund FU &119 3.775 cle &swliE5 SEThxcof fKerXliDEuth lJ17 1317 430 i.ryio 1210 13.831 7.715 P•Kt 19
7. F•1 F{ CurateF•Dd 41 l.741 19? IJ5 572 127 1.741 19? 135 177 253 175 27 175 FJWAIdT1b 175 J74 636 3.491 3.491
ceFund 95.946 7.733 651 115]0 1429J 6.023 107.738 47.474 15S2J2 I]Q9Ys 4455Z 2.763 5.791 551 19 7.743 5.791 511L 62JJ67 P4E21
3J4(1 3.13D 693 3ffj56 657 2.1 2.1 J)1 331 331 437 519 7.810
St Elizabeth's Parish Church liotes to the finaneial st*tements for the year ended 31 Deceuthr 2024 . Contined Tanwl)le futd assets Equipment Totsl At I lantsary 2024 87,364 87.364 At 31 Decenttjer 2024 87J64 87J64 Depreeiation Ac l January 2024 Charge for the yeaz 83.989 2.108 83.989 2.108 At 3 l December 2024 86.097 Net book values At 3 1 DecemFu 2024 1.267 1267 At 31 Dcc¢mber 2023 3J75 3.375 Debtors 2024 2023 Pryymen15 and acCnd incornc 31 250 Creditors: amounts falling due within one year 2023 Trade crediiors Other ¢reditors Accruals aTAd d¢fetred incorne 1.028 714 3.340 567 1.078 3.l20 5.082 4,765 Related party traDSaCtio 40 related party ITan5actions place during ihe year. Page 23
St Elizabeth's Paiish Churth Noles to the fman¢ial statements for the year ended 31 December 2024 continued lth Grtsss $h flows 2024 2013 Capital expenditure PaneTr[s io acqutre Lingible assets (2.111) Analysis ofchanges ID net funds Closing balaDce Cash at bank and ITr hand (4.229) 81.143 Net funds 85.372 (4229) 81.143 11 Unre*Aeted funds 2024 2023 At start of year Surplu&l{Deficit) for the year Transfer in from prOrtY fund Tr&asfer Mission Fund Transler to DCT Cutate Fund (41.148) 31,873 (69.869) 20.870 (1.020) (33.935) {1.)) 8.849 At end of year (44,230) (41.150) Page 24
24 2424 Totsl Tthl Tthjl 5.79 1fy815) iiigss 1995 672 125.351 1.724 {3&4791 131.657 1575 133.935} 33.93 )4.955 17J49) T( 1163 4.INa 121 J58 125J¥3