Cbarlty number NIC102187
St Eilzabetb's Pxrjsh Churcb
Flnan¢i41 statementy
for the y￿r ended 31 December 2025

St Ellz*beth'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
Cb￿r¢b AdmiDjStrator
Ruth Mwray
Cb*rfity 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 sel￿t Vcaty are rwjible for prepqrin8 the Ant￿￿1 Re￿ attd the Statthttts in a¢cotth¢
with ￿PI[fable law and It￿lations.
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•thetI￿4>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 t1￿1 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 CI￿ltieS A¢t (Nortbern Ireland) 2008. Try have gakraL r¢swL￿11Ity 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

tn
r4trm
VS
r4 r4
Jth

B*l*nee 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 appTov*d by rhe Seleet V¢stry onAand 5i8u¢d oo its behalf by
Rev Ro
Cknirperson
J*yne Poole
S¢cretAry
The not# on p4go$ 8 to 25 form Integrnl part of¢hese flnalltial st*tsrneAt&
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 st*tem¢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*%elm￿rea5e ￿$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
P￿e7

St Ellyabeth'$ Partsb Churck
Ngtes to the finallclil $t*tements
for the year ended JI Deeember 2025
A¢¢ouDtSng polieles
Th¢ principal ac¢ountiDg policies adopte(L judgements and key sollr¢¢s of ¢stinwti&n un¢ertainty in tbe
preparation of the financial stat¢￿ts are as follows:
1.1. Basis of prep¥ratiDn
The finort¢iaL statements hav¢ been prepared ¢)0 a goimg concem basis in accordance with Aetoullting
and Reporting by Charities.. Statement of R¢commended Practice appitcable kn eharititt preparing their
accoullts ill accordance with the Financial Reporting Standard applicable in th¢UK aad Republic of
rreland {FRS 102) - {Charities SOF￿ IFRS 102)), thc Finaneial Reportin8 Standard appltcable in the
UK Republic of treland (FRS 102).
The Parish meets the dtfinitign of a pub]ic benefit entity underFRS 102. Alsets and liabiliti¢5 are
initially te¢ognis¢d at historical cost amd transaction VAIUE unles5 otherwise sta2ed in the relevartt
accounting policy aote(s).
1.2. Pr¢piratloA ofa¢eount5 on a going con¢trD hsls
The Parish generally me¢t5 its day to day working capital requTrernellts from its annual income. The
S¢l¢ct Vesty hav¢ obtained alld review'ed easbthw fO￿aSts for the coming year and based on th¢se
are satisfi¢d that the Parish resources to provide a reasonable expecthtion that it can CODtinu¢ to
meet its fmancial obligaiions they fail due for the forsttable fijbjre. Therefor¢ th¢se financial
ststements have been prepared on a going ¢onc¢rn b&sis.
IJ. Fund accountlng
Funds are Classifi￿ as either restricted fi]nds or UDrestricted fill￿s, defmed a8 fr>llows.'
Unr¢stricted funds are general fijnds which are av&ilable for use at the discretion of ihe Vestry in
furtheran¢e of the gener￿ objectives of th¢ Church and have not been designated for other puTp05aS.
Restri¢led funds are fimds which are to be used in accordance with specific restrictions impos¢d by
donors orwhieh have been raised by the Church forporticular purposes. The r05t of raising and
admirtistering stsch fiwds are char8ed a￿In$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 fu￿ncl#l activit1¢5 when tbe ch￿ch 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 r￿ordIng and safeguarding of all
income reeeived by the C￿￿￿h.
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.
C￿sts of generating funds arc those costs incurred in attracting voluntary In￿Me 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
EqUIpn￿￿t is recognksed al cosl and ￿e depre¢iated on L strAight line basis over 5 years.
1.7. Tbe Ch&rlty c0￿MISsIon 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 P*Ttsh ChuT¢h
Notrs to tthe financial statements
for the year ended 31 Defember 2025
. continued
T*nglblt fixed imets
EqUIp￿¢￿t
Total
Cost
At l January 2025
Additions at ¢ost
87,364
29.408
87,364
29.408
At 31 Dece[n￿r 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 Ill￿Me
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