Charity nwnber NICI02187
St El1￿beth.S Parish Church
Financial sfatemeots
for the year ended 31 December 2024

St Eliubeth's Parish Chorch
Chwth incorn￿tiO
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
ChU￿h GIel￿ Warden
Rectors Church Warden
Treasurer
Chwch Administrator
Ruth Mu￿aY
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 R￿d
Belfasi
BT5 7EA

St Eliubeth's Parish ChDYth
Contents
Statement of Sekci Vesty Responsibilitics
[Th(kp￿ellt 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 Ch￿iticS 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 a￿1 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 Stalen￿15 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 ￿[M￿sIbilItY 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 M￿ch 2025
Page I

St Ebubeth's Parish ch￿￿￿
Indepe￿Ient e￿MInerS. 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 rel*ed notes. These financial
Statements have been Pfepared under the ￿￿￿ting p)IAcies sei (Mit iherein.
iiweelive reSp(￿mblI1tl￿s thr t￿￿tee5 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
examin￿10￿ 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 i*m5 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 Ma￿lIa1 have come to (Mr aitcniion giving us cause ro kliev
l. That *cqNJnting tecord5 We￿ kept in accordan￿ with se￿10￿ 63 of the Charities Act
2. That the acccwnts do not accord with those accounting reco￿5
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 con￿MS in respect of the mauers (I I ￿ (4) lis￿d 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
3￿11
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 str￿ments 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 ye*r 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 $tatemeDts
for the yetr ended 31 lknmber 2024
ActountiD8 ￿ltieS
The principal *counting policies W. judgements and key SOLuces of cstimalion uncertainty in the
prepara11￿ of the financial statements ar¢ as follows:
1.1. Basis of preparntiott
The financial St￿ements have been prepa￿1 on a going concern basis in w)rdance with Accounting
and Rew>rting by ChaTitiC5." Statetnent of Recommended PTaCtice applicable io chwitlC5 Ptepating their
aceounts in xcordance with the Financial Reporting Swidard applicabk in the UK and Repthblic of
Ireland (FRS 102)- (Clwitics SORP (FRS 102)). the Financi￿ Reporting Standard applicable in ihe
UK aud R¢pubAic of Ircland (FRS 102).
The Parith mcets the definiti¢XL of a public benefit entity under FRS 102. Assets and liabilities atc
initially recognised at hisiorical c05t aTAd ￿￿￿7Ct{[￿ value unless otherwise S￿ed iu the Televaot
accounting policy n(rfs).
l.2. Preparntion of accounts on a going cowern basis
The P￿iSh genetally meets its day to day vA)Tking capital reqU1￿ments from its ann￿al income. The
Sekct yes￿ have rt)tained and ￿VieW￿l cashflow lorecasL% for c¢Nning )raT al￿ bd5ed on these
are 5atisf￿d tbat the Partsh ha5 resources ro provide a ￿aSonable eX￿ctatiOn that it can continue to
med its flnancial obligations as they fall due for the forseeable fjJturL Therefo￿ these rma￿la1
a￿YthI$ have been prepar￿1 on a going conccrn basis.
IJ. Fund actountillg
FurKIs a￿ t1￿1[￿ as either Icstricted filnds or ￿n￿S￿l¢ted funds. defined as follows:
un￿s￿1Ctcd funds aff general lu￿d5 Iwhich are available for use at the dtscretion of tt* Vesty in
futtherance of the ge￿ra1 objectsves of the Church al￿ hav¢ not been designated other purww5.
Restricted funds tutkds whith to be used in acc(Trrdan￿ ￿'1th s￿lfie restrictions imp)*d by
donor5 or which have been ￿[sed by the chU￿b 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¢em￿r 2024
. ¢oniiDued
1.4. Ineomfing resources
All incoming resOUr￿S are included in the staten*nt 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 includ￿J.at valuation and recognised as iwome when
Ihey are di51ribuRd (o the projects. Gifts donaied for resaIc are included as incollr when
are sold. Tkn￿ted 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 sta*ments for
services donated by volunteers.
Due to the Dature of the dO￿led 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 eXpendi￿re is accounied for on an accruals basis atKI has bceu clas5ifie(l undcr he￿lIngS tbai
egate all costs ￿laled to the category.
Cost5 of generating fvnds are those cosis incurred in aitiacting voluntary and those incuffed in
trading acuVit￿S that raise fvnds.
Governance cO￿S include those incurtcd in the govemance of its assds and are primarily I￿￿]￿ted
wilh con￿l￿tional and slatUl(ry tcquircmenLS.
1.6. T￿gible 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 t￿lS￿rea as a ch￿Iry with thc Ch￿lty Commission t.or Northern
tTeland - registtation number NIC 102187.
Page 9

f0rihevearv•j￿JI
ies Ci
575
575
775
775
1045

I4￿ 11.1?7
14J96
24
195
215
DBW
194
Y¢pJth othTill8
Iwc
43
45
4_

- t￿lIn￿ed
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
i￿915
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
C￿11•k￿. (1 Hth)k¢r)
11.676
2.743
747
747
C4WsWl1*4wTin￿thy)
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
F￿th Kid5
991
5.651
[7

Z4
Fund
2545
2545
iio
I￿5
753
P￿1$

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
FJWAIdT￿1￿b
175
J74
636
3.491
3.491

c￿￿eFund
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
. Contin￿ed
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 acCn￿d 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
Pa￿neTr[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 prO￿rtY 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