St. Clements Parish Church
Statement of Flnandal Artivitles
Year ended 31 De¢ember2022
Unrestrlrted
Funds
2022
Restritted
Fund5
2022
Total
2022
Total
2021
Income aThd endowments from".
Donations & le8aties
Charitable activities
Investments
Other Income
43,038
3.572
2.192
16343
43,093
3,572
2.192
16343
27,223
31,919
2,420
16,548
Totsl income and endowments
65,145
6S200
78,110
Expendlture on:
Charitable artlvities
89,919
90,031
85,490
Total Expendlture
89,919
112
90031
85,490
Net Expenditure
124.7741
(57)
124oaii
17.3801
other recognised galns
Gain on revaluation of property
ILossllGain on revaluation of
Investments
140.000
8,612
16,936)
(6.936)
Net movement In funds
{31.710)
157)
131.7671
141,232
Reconclllation of funds:
Total funds brought forward
139,057
420,057
559,114
417,882
Total funds carried forward
107,347
420,000
527,347
559.114
All Income and expenditure derives from continuing activities.

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St. Clements Parish Church
Note5 to the financlal statements
Year ended 31 December2022
Summary of signlficant a¢counting pollaes
The princlpal accounting polictes adopted* judgements and key sourtes of estimation uncertainty in the prepardtion of the
financial statements are as follows..
a) General infomiation and basis of preparatlon
St Clements Parish Church, is a charity and is part of the regISte￿d charlty, Belfast/Belfast/St aernentlst
Clement/Down & Dromorelchurch Of Ireland which re8lStered with The Charity Commission for Northern
Ireland on 24, March 2015. The address of the reglstered office 15 Templemore Avenue. Belfast BT5 4FJL The
nature of the charitvs operations and principal activities arethe advancement of religion.
Belfa5t/8elfast/St Clementlst aemenVDown & Dromore/Church Of Ireland, a charitabletnjst is constituied under a
trust deed dated 24, March 2015.
Belfast/Belfast/St Clement/St aementlDown & Dromore/Church of Ireland constitutes a public benefft entlty as
defined by FRS 102.
Statement ofcom
Ilance
The financial statements have been prepared In accordance with Accountlng and Reporting by Charitles.. Statement
of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 1021. the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland IFRS 1021, the Charit1&£ Art (Northern Ireland) 2008, The Charlties (Accounts
and Reports) Regulation5 (Northern Ireland) 2015 and UK Generally Accepted Practice as it applies frorn l January
2015.
The financial statements have been prepared on the going Con￿rn basis under the hlstorical cost convention,
modified to Include certain items at fair value. The financial ststements are presented in sterllng which is the
functional currency of the charity and rounded to the nearest £1.
The significant accounting policie5 applied in the preparation of these financial statements are set out below. These
policie5 have been consistently applied to all years presented unless othe￿1$e stated.
b) Preparatlon of accounts on a golng concern basls
The Parish generally meets its day to day workln8 capitsl requirements from Its annual Income. The Trustees have
obtained and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has
resources to provide a reasonable expettation that it can continue to meet its financial obligations as they fall duefor
the foreseeable future. Therefore, these financial statements have been prepared on a going concem basis.

St. Clements Parish Church
Notes to the financlal statéments Icontlnued)
Year ended 31 December 2022
cl Tangible assets
The assets ofthe Parish comprise:.
Church Building and Grounds
Parish Hall
Rectory
The Church Building and Grounds are deemed to be Heritsge assets as defined by the Charities SORP IFR51021. These
Heritage assets are not included on the balance sheet as Informatlon on the cost or valuation is not available and such
inforniatlon cannot be obtained at a cost commensurate wEth the beneflt to the users of the accounts and to the parish.
The Parish Hall 15 attached to the Church building. As a result this building Is not recognised In the parfsh balance sheet
The Rectory 15 recognised at Its deemed market value. No depreciation has been provided on the propertlw as the current
estimated residual value is not less than Its carrying value and the remaining useful life currently exceeds Soyears.
d) Funds
Funds are classified as either restricted funds or un￿trICted funds. defined ag follows.
Regtrfcted funds are fund5 5ubjett to specific requirements as to their use whlch may be declared by the donor or with
their authority or created through legal processes. but still within the wider objects of the Parish.
Endowment funds are funds which have been given on the conditlon that the original capltal sum is not reduced, but the
Income there from is used forthe purpose defined in accordance with the objects of the Parish.
Unre5trtcted fund5 are expendable at the dlscretion of the trustees In furtherance of the objects of the charity. If parts of
the unrestricted funds are earmarked at the dlscretlon of the trustee5 for a partlcular purpose. they a￿ (Je51gfiated as
separats fund. This designation has an administrative purpose only and does not legally restrirt the trustees, discretion to
apply thefund.
el Crltlcal accountlngJudgements and estimation uncertalnty
Estimates andjudgments made in the proce55 of preparin8 the financial statements are continually evaluated and are
based on historical experlence and other frdctors, including expettations of future events that are believed to be
reasonable underthe circymstances. The Trustee5 do not conslder that there are any critical judgments made in applySng
the Parish's accounting policies or that there are any critlcal accounting estlmates or assumptlons whlch may have a
significant rlsk of causing a material adjustment to carrying amounts of a55ets and Ilabilitie5 Within the nextfinancial
year.

St. Clements Parish Church
Notes to the flnancial ststernents (contlnued)
Year ended 31 December2022
Donations and legades
Unrestricted
Funds
2022
Restrirted
Funds
202Z
Total
2022
Totsl
2021
Weekly envelopes / FWO & collettions
Tax recovered on donations
Other
31,715
11,0
309
43,038
55
31,TlO
11,014
309
43,093
27,183
40
27,223
55
Charltsble activitles
Unrestricted
Funds
2022
Restrlcted
Funds
2022
Total
2022
Total
2021
Fundraising
Grants
L112
2.460
3572
1,1
2A60
3￿72
1,244
30.675
3L919
Investment income
Unrestricted
Funds
2022
Restricted
Funds
2022
Total
2022
Total
2021
8ank interest
Dividend income
50
2.142
2.192
50
2.142
2.192
28
2,392
2,420

St. Clements Parlsh Church
Notes to the finandal ststements (continuedl
Year ended 31 December 2022
5. Other I0￿me
Unrestricted
Fund5
2022
Restricted
Funds
2022
Total
2022
Total
2021
Rental income
Use of Hall- Oasi5
14.204
2.139
16,343
14,204
2.139
16,343
11.917
4,631
16.548
6. Analysis of Expenditure
Unrestrfcted
Funds
2022
Restrlrted
Funds
2022
Total
2022
Total
2021
Charitable Activities
Clergy stipend
Outreach worker
Diocesan a55e5sment
Church repairs
New bollerfor Rectory
Other repairs & malntenance
RatÉs & water charges
Heat and light
Insurance
Repayment of grantto RCB
Charitsble donations
Outreach expenses
Professional expenses
Independent examinerf5 fee
Other expenses
Z8385
16.599
9.493
28.385
16,599
9.493
27,666
22,904
9,337
2,670
3.490
1,260
2A22
7,277
2N75
3N90
1,260
2A22
7,277
2A75
5,ODO
1812
1376
5,315
2.280
2,788
5,382
112
1,505
3.752
259
L356
3,258
5?82
690
4.658
690
4,658
Total expendlture
89.919
90031
85,490
7. Taxatlon
St Clement's Parish Church is ￿OgnISed as a charityforthe purposes of appllcabletsxation legtslatlon and istherefore
not subject to taxation on its charitsble artlvitles.

St. Clements Parish Church
Note5 to the financial statements (contlnued)
Year ended 31 De¢ember2022
Anatysls of staff costs, trustee remuneratlon and expenses and the Cost of keymanagement personnel
2022
2021
Stipend and salaries
44.984
50,570
Total
44,984
50.570
The average number of employee5 during the year. calculated on the basls of a head wunt, wa5 as follows:
2022
Number
2021
Number
MinÉsterial stsff
Outreach worker Ipart timel
Administrative Ipart timel
The￿ are no employees in receipt of employee benefits in excess of £60.OCQ
Key Munagement ond frustees
Key management are deemed to comprlse the Trustees.
The Parish has paid a total of £28.835 (last year- £27,666) to the Diocese of Down & Dromore as its share ofthe costs of
a Local Ordained Minister.
During 2022. the Outreach worker and administrative staff total salary c05t5 were £16,599 (last year- £22,904).
No trustee or a person related to a trustee had any personal interest in any contract or transactlon ente￿d into bythe
charity durlng the year.

St. aements Parish Church
Notes to the finandal statements {contlnued)
Year ended 31 December2022
9. Tan8lble r￿ed assets
Bulldlngs
Equ5pment
Total
Cost
At l January 2022
Revaluation
Additions
Disp0501s
At 310ecember 2022
420,000
420,(th)
420,000
420,C
The cost of the rectory is ststed at its deemed market value. TheTru5tees have revalued the rettory premises hawng taken
Into account increases in local property value5.
As noted In the accounting policie5, the Church buildinB and Parish Hall are deemed to be heritsge assets and have not
been included in the balance5heet total.
10. Analysis of Net AssetsAmon8 Funds
General
Restrirted
Total
Fixed Assets
Current A55ets
Nèt assets at 31 Dec 2022
420.000
420,(
107,347
527.347
107,347
107347
420.01)0