Cbarlty number NIC102187 St Eilzabetb's Pxrjsh Churcb Flnan¢i41 statementy for the yr ended 31 December 2025
St Ellzbeth's rIsh Church Church Information Select Ve$try Mfmbers Dr. ToTn&s Adell Ross Mungavin Mark Ca]derwood Sarah CarsoFJ Chri5 Caves Hantfdh Dowling Dr. Thomas Duwling Trevor Hollinger Lyiin tA)gatt Ruth Murray RodneyNeill Jayne P(K)le T¢Y Moc+r¢ Dr Shane Caldwell Peter Caves Jonny Cmoks ChairpeESOll- 4)point July 2025 Peoples Church Warden Family MinÈst¢r Church Glebe Wardeo RwttTrr5 CFLtwch Warden Tre&8urer Se¢retary Appoioted April 2025 AppoiDted April 2025 Cbr¢b AdmiDjStrator Ruth Mwray Cbrfity number NIC102187 Independent Ex*min¢TS MTS Prior Mcmahon o Ards Busin¢ss Hub Sketrick House Jubile¢ Road NewtownaTds BT23 4YH Church Grren Dundonald Belfast BT16 2LP Church Iddr BAnkers inster Bank 112 Kittgs Squ&re Kin8s Road Belfast BT5 7EA
St ELIZABETH'S Administratfve information St. Elizabeth'5 Church: Church Green, Church Road, Dundonald, Belfast, BT16 2LP The Selett Vestry Members who have served from until this date was approved are.. Incumbent-. Reverend Ross Mungavin Chairman (Joined July 20251 Curate Reverend Thomas Murray ICo-C>pted to Selett Vestry) Families Minister.. Miss Sarah Carson ICo-OPted to Select Vestry) Select Vestry Member5- Mr Trevor Hollinger IRector's Church Warden) Mr Mark Calderwood (Peoplès Church Warden) Mr Chris Cavès IRecto¢s Glebe Warden) Mr Rgdney Neill (People's Glebe Warden) Miss Jaynè Poole (Hon. Secretary) Mrs Ruth Murray l Hon. Treasurer) Dr Tomas Adell Dr Shane Caldwell Mr Peter Caves Mr Jonny Crooks Mrs Hannah Oowling Dr Thomas Dowling Mrs Lynn Logan Mr Terry Moore Miss Rebecca Neill Resigned September 2025 Approved by the SV on 26 Marth 2025 and signed on behalf by the Rector Ross Mungavln
St Ellzabeth's Parlsh Church Colltellts Stat¢ment of Select Vesty Reswnsibilitie$ Statement of Fiywicial Activities BBlan¢e sheet Cash flow statement Notes to tbe financial statements 8-25
St•tsment of Select Veslry's re5pouJlblllti for the year ended 31 December 2025 The selt Vcaty are rwjible for prepqrin8 the Ant1 Re attd the Statthttts in a¢cotth¢ with PI[fable law and Itlations. LLW 11th1¢ to Charities ill Northern Ireland r¢quins th¢ Seleet Vesty to byEF4 fjnanctal ststem¢nts for each fjttaocial period which give a tNe and fair vi¢w ofthe Cbur¢b4 a¢tiYities during the yearortd of its finatt¢i4lp)sitioa * the ¢Ddof th¢ Iwc. Tnprepartsw those fitsatteRai $tat¢meuts, th¢ Select Vestyate quired th.. (a) select witsbk avountirL8pplicie8 and th¢0 4ply them ¢on5iSWtty. (c) stste T•thetI4>Ph'Cab1e 2c¢ounting standar have been follow¢& subject to anymat¢rial awtu disctosed and uplaint41 io the fiuaucia] stskments., (d} prqMTe the firon¢ial stht¢ments oo th¢ gotng ci¥ncern basis unless it is iuappropriat¢ fo presume t11 tbe Ch& will eon¢inue ivs a¢t(vities. Th¢ Sele¢tV¢sty art re8poDsible for maintaiTJtng ptoper accounting r¢¢oTts whi¢h disclose with reasonable CUTXY at atty time the fiDanciaipositiou ofthe Chw¢b attd to eaabl¢ theDLto thatthe fitrancial Staterllents ¢omply with the CIltieS A¢t (Nortbern Ireland) 2008. Try have gakraL r¢swL11Ity fortskng h sttps &% arg reasonably i)pell to them to Safegua the assets of the Church and topreY¢ut or¥J drt¢rtfzaud and other srr¢8ul¥riti¢s. By order of the S¢lert Vu R¢v Ross Muniav Chthperson P4el
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Blnee sh¢et Is at 31 De¢emb¢r 2025 2025 2024 Notes Fkned assets Tattgible &ss¢ts 24.370 1267 Debtors General Fund Ballk Aeeowiis Property Fund Bank Accounts 2¢J) 37,1 49.282 34.353 46,790 86.483 81,443 Creditors". (allithg due wtthln one year 15.064) (5.083} ¢Drrent asséts 81.419 76J60 Total assets Itss current 105,789 77,627 Net assets 105,789 77.627 Capltal and reserve5 Unreslrirted fiukds Restrict¢d fjJn 12 13 (19,604) 125.393 44,2311 121,858 105.789 77,627 202 Th¢ financial sutemeats were appTovd by rhe Seleet V¢stry onAand 5i8u¢d oo its behalf by Rev Ro Cknirperson Jyne Poole S¢cretAry The not# on p4go$ 8 to 25 form Integrnl part of¢hese flnalltial sttsrneAt& Pxy6
St Ellzabeth's Partsh Church Cash statement ffjr the year ended 31 Detembtr 2025 2025 2124 Notes Net in¢omel(eipehdiknrE) for the reportlng perlod (xi per tbe SOFA) Depreciatiott ¢barg¢g Lkcrease in dcbtors (Deereas¢) in ¢Teditors 28,163 6,303 100 (18) (6,6061 2,108 (50) 318 Net (used Inyprovided by oper%tln8 letivities 34,548 (4230) Cash now sttem¢nt Net tash (used IDyprovlded by operatlng aellvltles Capital expenditure 34,548 (29,408) (4,230) (DKrease)/Decrease In easb in the year 5.140 (4,230) IDe¢re%elmrea5e $h sn the ye•r Net (ttnds #t l January 2025 S,140 8l.142 {4,230) 85,372 Net funds at 31 December 2025 li 86282 81.142 Pe7
St Ellyabeth'$ Partsb Churck Ngtes to the finallclil $t*tements for the year ended JI Deeember 2025 A¢¢ouDtSng polieles Th¢ principal ac¢ountiDg policies adopte(L judgements and key sollr¢¢s of ¢stinwti&n un¢ertainty in tbe preparation of the financial stat¢ts are as follows: 1.1. Basis of prep¥ratiDn The finort¢iaL statements hav¢ been prepared ¢)0 a goimg concem basis in accordance with Aetoullting and Reporting by Charities.. Statement of R¢commended Practice appitcable kn eharititt preparing their accoullts ill accordance with the Financial Reporting Standard applicable in th¢UK aad Republic of rreland {FRS 102) - {Charities SOF IFRS 102)), thc Finaneial Reportin8 Standard appltcable in the UK Republic of treland (FRS 102). The Parish meets the dtfinitign of a pub]ic benefit entity underFRS 102. Alsets and liabiliti¢5 are initially te¢ognis¢d at historical cost amd transaction VAIUE unles5 otherwise sta2ed in the relevartt accounting policy aote(s). 1.2. Pr¢piratloA ofa¢eount5 on a going con¢trD hsls The Parish generally me¢t5 its day to day working capital requTrernellts from its annual income. The S¢l¢ct Vesty hav¢ obtained alld review'ed easbthw fOaSts for the coming year and based on th¢se are satisfi¢d that the Parish resources to provide a reasonable expecthtion that it can CODtinu¢ to meet its fmancial obligaiions they fail due for the forsttable fijbjre. Therefor¢ th¢se financial ststements have been prepared on a going ¢onc¢rn b&sis. IJ. Fund accountlng Funds are Classifi as either restricted fi]nds or UDrestricted fills, defmed a8 fr>llows.' Unr¢stricted funds are general fijnds which are av&ilable for use at the discretion of ihe Vestry in furtheran¢e of the gener objectives of th¢ Church and have not been designated for other puTp05aS. Restri¢led funds are fimds which are to be used in accordance with specific restrictions impos¢d by donors orwhieh have been raised by the Church forporticular purposes. The r05t of raising and admirtistering stsch fiwds are char8ed aIn$t fiwds rdi5¢d. Page 8
St #beth,5 Par15h Churcb Not¢s to the finaneial s¢atement$ for the year eryded 31 December 2025 . eontioued 1.4. Incomlng resources All incomitig resources are included in the statetnent of funcl#l activit1¢5 when tbe chch is legally entitled to the incow¢ and the amount ¢an b¢ qutttttEfi¢d with reasonable accuracy. For legacies, entitlemcnt is the earlier of the chur¢h ill8 notified of an impending distribution or the legacy being recciv¢d. Gafts kind donat¢d for distribution art included at valuation and recognised as incom¢ wh¢n they are distributEd to the projects. Gifts donat¢d for r¢sale are included as income when they are 501d. Donated facilities are included at the value io the church whtr¢ this can be quantifiEd al a third party is bearing the cost. No amount5 are in¢lud¢d in th¢ fJnan¢io1 ststemenls for SeThIc donated by volunteers. Du¢ to the nature of the donated income, such income is not ¢apabl¢ ctf ¢ontrol by the ChurclL However. ftnancial colltrols in place to ensure accurate rordIng and safeguarding of all income reeeived by the Ch. tnyestment incorne 1$ recognised on a received basis. 1.5. Resources expellded All expenditure is accounted for on an (rual$ basis Ind has b¢en classified ufjderheadings that aw¢gate aIl wsts related to tbe category. Csts of generating funds arc those costs incurred in attracting voluntary InMe and those incurred in trading activities that rdise fvnds. GoYernaD¢e costs include thos¢ in¢urred in the governance of tts assets and are primarily &sswiated with ¢oDstiturional alld statutory requirements. l.& Tangibk flxed &sset$ and depreciatio EqUIpnt is recognksed al cosl and e depre¢iated on L strAight line basis over 5 years. 1.7. Tbe Ch&rlty c0MISsIon for Northern Ireland St Elizabeth'y Partsh Church is now registered as & charity with the Charity Commission for Northern Ireland- registration number Ntc 102187. P41e 9
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St Ellzabeth'i PTtsh ChuT¢h Notrs to tthe financial statements for the year ended 31 Defember 2025 . continued Tnglblt fixed imets EqUIp¢t Total Cost At l January 2025 Additions at ¢ost 87,364 29.408 87,364 29.408 At 31 Dece[nr 2025 I l6.772 116.772 Dwred4tl•D At l January 2025 Charge for Éhe year At 31 DeceEnb¢r 2025 86,099 6,303 86,099 6,303 92.402 92,402 Net book values At 31 December 2025 24,370 24.370 At 31 De¢ell¢[ 2024 1265 1265 Debtt)rs 2025 2024 Prepayments and w¢mied income 200 300 Credlturs: amounts falling due within one year zin5 2024 Trade creditors Other creditors Acmls and deferred IllMe 1258 326 3,480 1,029 714 3.340 5,064 5,083 Related party transa¢tloDS No related paty transactions took piA¢¢ during the year. P*ge 23
St Elbbeth'B P4Tisk Cbureb Notu to the ststetnertts for the year ended 31 December 2025 .. COtLtillued io. Cross cash ftows 2025 21124 cipit exp¢ndlture P&wiets15 to acquire tangible assets (29.408) ii. Analysts Df ¢hange8 In net funds OpeDlng bal¢¢ Cash flows Closlng b*lane¢ Ctsh at ballk and in hand 81,l43 5.140 86283 Net fuods 81,l43 5.140 86.283 12. Unrntrkt¢d fuBds 2025 21124 At start of year Surplusl(Defictt) for the year Transfer in from propety Trdnsfer from music fjjnd Transfer to MissiorL Furyd Trdt2sf¢r to DCT Curdt¢ Fund (44229) 58.438 (41,150) 31,873 30 {1,020) (33,935) (44232) (33.8431 At end of year (19,604) Page 24