Glencraig Parish Church
Statement of Financial Activities
Year ended 31 December 2022
Unrestricted
Funds
2022
Restrlcted
Funds
2022
Total
2022
Total
2021
Income and endowments from:
Donations & legacies
Charitable actfvities
Other income
Investments
80.328
6￿16
4,173
129
1,019
300
5,200
iio
81,347
7,116
9.373
239
100,261
408
21,832
143
Totsl Income and endowments
91,446
6,629
98,075
122,644
Expendlture on:
Charltable activities
108,346
4,067
112,413
120,777
Total Expendlture
108,346
4,067
112,413
120,777
Net IExpendlture)/lncome
(16.￿)
2,562
114,338)
1,867
Reconclllatlon of funds:
Total funds brought forward
126,549
655,330
781￿79
780,012
Totsl funds carrled forward
io
109,649
657,892
767,541
781,879
All Income and expendlture derlves from contlnulng actlvities.

Glencraig Parish Church
Balance Sheet
As at 31 Deomber 2022
2022
2021
Flxed Assets
Tanglble assets
635,000
635,000
Current Assets
Investments with RCB
Cash at bank and in hand
20,440
116,651
137.091
20,330
130,633
150,963
Credltors: amounts falllng due wlthln one year
4550
4,084
Net Current Assets
132,541
146,879
Net Assets
767.541
781,879
Charlty Fund$
Restrlcted funds
Unrestricted funds
li
li
657￿91
109,649
655,330
126,549
Total ¢harlty funds
767,541
781,879
Igl¥l. y3
These flnanclal statements were approved and authorlsed for Issue by the Trustees on ...,...... ...
and slgned on It5 behalf by:"
Rev Catherine Simpson Rector
James Douglas-
reasurer
The notes on pages 10 to 16 form an integral part of these flnancial statements.
10

Glencraig Parlsh Church
Notes to the flnancial statements
Year ended 31 December 2022
l. Summary of slgnlficant accountlng polldes
The prlncipal accounting policies adopted, Judgements and key sources of estimation uncertainty in the preparation of
the financlal statements are as follows:
a) General Informatlon and basls of preparatlon
Glencraig Parlsh Church, is a charity and is part of the registered charlty, Holywood/Glencralg/Holv
Trinity/Down & Dromore/Church Of Ireland which registered with The Charity Commission for Northern
st
Ireland on 21 April 2015. The address of the registered office Is 6 Seahill Road, Holywood, County Down, BT18
ODA. The nature of the charlvs operations and principal actlvltles are the advancement of rellglon.
Holywood/Glencralg/Holy Trlnlty/Down & Dromore/Church Of Ireland, a charltable trust Is constituted under a trust
st
deed dated 21 April 2015.
Holywood/Glencr?iglHoly Trinity/Down & Dromorelchurch Of Ireland constltutes a publlc benefit entlty as deflned
by FRS 102.
Statement of Com Ilance
The flnancial statements have been prepared in accordance wlth Accounting and Reportlng by Charlties: Statement
of Recommended Practice appllcable to charitles preparlng their accounts In accordance wlth the Flnanclal
Reportlng Standard appllcable in the UK and Republic of Ireland IFRS 1021, the Flnanclal Reportlng Standard
appllcable in the United Kingdom and Republic of I reland {FRS 1021, the Charities Act (Northern Ireland) 2008, The
Charltles (Accounts and Reports) Regulations (Northern Ireland) 2015 and UK Generally Accepted Practice as It
applies from l January 2015.
The flnancial statements have been prepared on the going concern basls under the hlstorical cost conventlon,
modifled to Include certaln Items at falr value. The financial statements are presented In sterllng whlch Is the
functional currency of the charity and rounded to the nearest £1.
The slgnlflcant accountlng pollcles applled in the preparation of these financlal statements are set out below. These
policles have been consistently applled to all years presented unless otherwlse stated.
b) Preparatlon of accounts on a golng concern basls
The Parlsh generally meets Its day to day workin8 capltal requirements from Its annual Income. The Trustees have
obtained and revlewed cash flow forecasts for the comin8 year and based on these are satlsfied 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 foreseeable future. Therefore, these flnancial statements have been prepared on a going concern basls.
11

Glencraig Parish Church
Notes to the financial statements (contlnued)
Year ended 31 December 2022
c) Income
Where incoming resources have related expenditure las with fundraising income) the incoming resources and related
expenditure are reported gross in the Statement of Flnancial Activities.
Voluntary Income, Standing Orders, Plate Collections and Weekly Envelopes are accounted for on a cash recelpts basis as
the amount Is receivable.
Income arising from the rental of Parlsh Halls to third parties Is recognised when the parish has entitlement to the funds,
any performance conditions attached to the income have been met, It 15 probable that the Income will be received and
the amount can be measured reliably.
Income from government and other 8rants, whether 'capltal' grants or 'revenue' grant5, Is recognised when the charlty
has entltlement to the funds, any performance conditions attached to the grants have been met, it Is probable that the
Ineomg will be recelved and the amount can be measured rellably and Is not deferred.
Legacles are Included wlthln Income under elther unrestrlcted or restrlcted funds accordlng to the terms under whlch the
donatlon Is made and when the amount Can be quantified with reasonable certainty.
Donatlons and 81fts In klnd are brought Into the accounts at thelr falr value to the Parlsh where thls can be quantlfled.
The value of servlces provlded by volunteers has not been included In these accounts.
Investment Income Is included when receivable.
d) Expendlture
Expendlture is recognised on an accruals basis once there is a legal or constructive obligatlon to make a payment to a
third party, it Is probable that settlement will be required and the amount of the obligation can ba measured reliably.
Irrecoverable VAT Is char8ed as a cost against the activity for whlch the expendlture was Incurred.
The charity contrlbutes to a dèfined contribution pension scheme on behalf of certain employees. The assets of the
scheme are held separately from those of the charity In an independently adrnlnistered fund and contributions are
charged to the Statement of Flnancial Activities in the period to whlch they relate.
e) Tanglble assets
The assets of the Parlsh comprlse:.
Church Bulldlng and Grounds
Parish Hall
Rectory
The Church Bullding and Grounds are deemed to be Heritage assets as defined by the Charities SORP IFRS102). These
Heritage assets are not included on the balance sheet as Information on the cost or valuatlon is not available and such
inft)rmation cannot be obtained at a cost commensurate with the benefit tothe users of the accounts and to the parish.
The Parish Hall is situated beside the Church building. As a result, this building is not recognised in the parish balan
sheet.
12

Glencraig Parish Church
Notes to the flnanclal statements (continued)
Year ended 31 December 2022
The Rectory Is recognised at Its deemed market value. No depreciation has been provided on the propertles as the
current estimated residual value is not less than It's carrylng value and the remaining useful Ilfe currently exceeds 50
years.
fj Funds
Funds are classified as either restricted funds or unrestrlcted funds, defined as follows.
Restricted funds are funds subject to speciflc requirements as to their use which may be declared by the donor or wlth
their authorlty or created through legal processes, but still within the wider objects of the Parish.
Endowment funds are funds which have been glven on the condltlon that the original capital sum Is not ￿dUCed, but the
Income there from Is used for the purpose deflned In accordance wlth the objects of the Parlsh.
Unrestricted funds are expendable at the dlseretion of the trustees in furtherance of the objects of the charity. If parts of
the unrestrlcted funds are earmarked at the discretion of the trustees for a partlcular purpose, they are designated as
separate fund. Thls deslgnation has an adminlstratlve purpose only and does not legally restrlct the tru5tees' discretion
to apply the fund.
gl Crltlcal accountlng Judgements and e$tlmatlon uncertalnty
Estimates and judgments made In the process of preparlng the flnanclal statements are continually evaluated and are
based on hlstorical experience and other factors, Including expectatlons of future events that are belleved to be
reasonable under the circumstances. The Trustees do not consider that there are any crltical judgments made In applyln8
the Parish's accountin8 policies or that there are any critical accounting estimates or assumptlons which may have
significant risk of causing a material adjustment to carrying amounts of assets and Ilabllltles wlthln the next flnancial
year,
2. Donatlons and le8acles
Unrestrlcted
Funds
2022
Restrlrted
Funds
2022
Total
2022
Total
2021
Weekly envelopes / FWO & collections
Tax recovered on donations
Legacles
58.056
16.668
1,019
59,075
16,668
45,203
11,981
43,077
100,261
80,328
1,019
81,347
13

Glencralg Parlsh Church
Notes to the ftnanclal statements (continued)
Year ended 31 December 2022
3. Charltable actlvltles
Unrestrlcted
Funds
2022
Restrlcted
Funds
2022
Total
2022
Total
2021
Fundraising
Lunches & caterlng
Lenten & Harvest challenge
Parish organisations
6,558
300
6￿58
158
75
40
135
408
258
6.816
258
7.116
4. Other Income
Unrestrlcted
Funds
2022
Restrlcted
Funds
2022
Total
2022
Total
2021
Board of Education
RCB grants
TBF Thompson 8rant
Covld-19 Charities grant
Rent
2,663
1.510
2,663
4,210
2,500
1,332
2,700
20,000
500
21,832
4,173
5,200
9,373
Investment Income
Unrestrlcted
Funds
2022
Restrlcted
Funds
2022
Total
2022
Total
2021
Bank interest
Other interest- RCB
Dividend Income
13
iio
iio
129
239
129
129
129
143
iio
14

Glencraig Parish Church
Notes to the flnanclal statements (contlnued)
Year ended 31 December 2022
Analysls of Expendlture
Unrestrlcted
Funds
2022
Restrlcted
Funds
2022
Total
2022
Total
2021
Charltable Artlvltles
Clergy stipend & salarles
Diocesan assessment
Vlcarage expenses
Heat, light & insurance
Church repairs & maintenance
Car park fence
Hall expenses
Coronavlrus expenses
Ministry expenses
Admlnlstratlon expenses
Independent examinerf5 fee
Other accountancy fees
Other professlonal expenses
Bank fees & Interest
Sundry expenses
Charltable donatlons
Garden of remembrance expenses
Lunches & caterlng
Parish organisatlon expenses
56,369
11,016
1.956
8.982
5,594
3,230
1,922
715
349
6,737
792
276
2.500
S8￿69
11,016
1,956
8.982
5,594
3.230
1,922
715
897
6,737
792
276
54,510
8,628
1,668
5,838
25,193
1,792
5,294
6,655
780
237
357
1,876
6,507
357
1,876
7,526
334
1,747
7,975
1,019
213
155
213
155
126
Totsl expendlture
108,346
4,067
112,413
120,777
7. Taxatlon
Glencraig Parish Church is reeo8nlsed as a charity for the purposes of applicable taxatlon leglslatlon and Is therefore
not subject to taxation on its charitable activitles.
15

Glencraig Parish Church
Notes to the flnanclal statements (continued)
Year ended 31 December 2022
Analysls of staff costs. trustee remuneratlon and expenses, and the co# of key management personnel
2021
2021
Stipend and salaries
50A57
49,826
Total
80A57
49,826
The average number of employees durlng the year, calculated on the basis of a head count, was as follows:
2022
Nurnber
2021
Number
Minlsterial staff
There are no employee5 In recelpt of employee beneflts In excess of £60,000
Key Management and Trustees
Key management are deemed to compr15e the Trusteè5.
No trustee or a person related to a trustee had any personal Interest In any contract or transactlon entered Into by the
charity during the year.
9. Tanglble flxed assets
Offlce
Equlpment
Bulldlngs
Total
Cost
At l January 2022
Additions
Dlsposals
At 31 December 2022
635,000
635,000
635.000
635,000
The cost of the rectory and the related grounds are stated at its deemed marketvalue.
As noted in the accounting policle5, the Church building and Parish Hall are deemed to be heritage assets and have not
been included in the balance sheet total.
16

Glencraig Parish Church
Notes to the flnanclal statements Icontlnued)
Year ended 31 December 2022
10. Analysls of Net Assets Among Funds
General
Restrlcted
Total
Fixed Assets
Current Assets
Net assets at 31 December 2022
635,000
22,892
657,892
635,000
132,541
767,541
109,649
109.649
11 Funds movement
31
December
2022
l January
2022
Income
Expendlture
Transfers
General fund
Bulldin8 fund
Mlnistry & mlsslon fund
Total unrestrlrted funds
63,309
23,240
40,000
126,549
85,421
6,025
1103,7031
13,230)
11,413)
108,3461
45,027
26,035
38,587
109,649
91,446
General
RCB- Mind Matters
Mlnlstry & mlsslon fund
Property fund
Monies held wlth RCB
Total restrlrted funds
1,519
2,500
2,500
11,2191
13481
{2,5001
300
2,152
635,000
20,330
655,330
635,000
20,440
657.892
iio
6,629
4,067
Totsl fundg
781A79
98,075
{112,413)
767.541
31
December
2021
l January
2021
Income
Expendlture
Transfers
General fund
Building fund
Ministry & mlssion fund
Totsl unrestrlcted funds
49,707
34,976
40,000
124,683
121,676
{108,074)
111,736)
63,309
23,240
40,000
126.549
121,676
(119,810)
General
Property fund
Monies held with RCB
Totsl restricted funds
967
(967)
635,000
20,329
655,329
635,000
20,330
655,330
19671
Total funds
780,012
122,644
(120,777)
781,879
17