St Clement's Parlsh Church
ststement of Financlal Artlvlties
Year End 31st December 2023
Unrestricted Restrlcted
Funds
Funds
2023
2023
Total
2023
Total
2022
Note
Income & Endowments from:
Donations & Legacies
Charitable Activities
Investments
Other Income
35,544
3.800
2,152
17.426
35,544
4,232
2,152
17,426
43,093
3,572
2,192
16,343
432
Income & Endowments
58.922
432
59,354
65,200
Expendlture on:
Charitable Activities
75,663
432
76,095
90,031
Total Expenditure
75.663
432
76.095
90,031
Net Expenditure
16,741
16,741
24.831
Other Recognised Galns
Gain on revaluation of property
(Loss)/Gain on revaluation of
Investments
1,851
1,851
,936
Net Movement In Funds
14,890
14,890
31,767
Reconciliation of Funds
Funds Brought Forward
92,448
420,000
512,448
559,114
Total Funds Carrled Forward
92,448
420,000
512,448
527,347
All Income & Expendlture derive
from continuing artivitles

St. Clement Parlsh Church
Balance Sheet
As at 31st December 2023
Notes
202
2022
Fixed Assets
Tangible assets
420,000
420,000
Current assets
Investments with RCB
Cash at bank and in hand
63,527
28,921
92,448
61,676
45.671
107,347
Credltofs
Amounts falling due within one year
Net Current Assets
92,448
107,347
Net Assets
512.448
527.347
Charlty Funds
Restricted Funds
Unrestricted Funds
io
io
420,000
92,448
420.000
107,347
Total Charity funds
512.448
527,347
These financial statements were approved and authorised for issue by the Trustees on .
and signed on its behalf by .
X%:. .,.APL.lQlol
Llnda Campbell - Secretary
Rev. Colin Blrnle- Mlnlster
The notes on pages 3 to 8 form an integral part of these financial statements

St. Clements Parish Church
Notes to the financlal statements
st
Year*nded 31 December 2023
l. Summary of significant accounting policies
The principal accounting policies adoptedi judgements and key sources of estimation uncertainty in
the preparation of the financial statements are as follows,
Al General information and basis of preparation
St Clements Parish Church, is a charity and is part of the registered charity, Belfast/Belfast/St.
Clements/ St Clements/ Down & Dromore/Church of Ireland which registered with The Charity
th
Commission for Northern Ireland on 24 March 2015. The address of the registered office is
Templemore Avenue, Belfast BT5 4RF. The nature of the charitrfs operation and principal activities
are the advancement of religion.
Belfast/BelfastlSt Clements/St Clements/Down & Dromorel Church of Ireland, is a charitable trust is
th
constituted under a trust deed dated 24 March 2015.
Belfast/Belfast/St Clements/St Clements/Down & Dromore/Church of Ireland constitutes a public
benefit entity as defined by FRS 102.
Statement of Com
liance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities: Statement of Recommended Practise applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and the Republic of
IrelandlFRS102}, the Charities Att { Northern Ireland) 2008, The Charities{Accounts and Reports)
Regulations (Northern Ireland) 2015 and UK Generally accepted Practise as it applies 2015.
The Financial statements have been prepared on the going concern basis under the historic cost
convention, modified to include certain items at fairvalue. The Financial statements are presented
in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years unless otherwise stated.
b) Preparation of accounts on a going concern basis
The Parish generalW meets its day to day working capital requlrements 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 expectation that it can continue
tomeet its financial obligations as they fall due for the foreseeable future, Therefore, these financial
statements have been prepared on a going concern basis.

St Clements Parlsh Church
Notes to the Flnancial Statements (continued)
Year ended 31" December 2023
cl Tangible assets
The assets of the Parish comprise:
> Church Building and Grounds
> Parish Halls
> Rectory
The Church Building and Grounds are deemed to be Heritage assets a5 defined by the Charities Sorp
IFRS1021. These Heritage assets are not included on the balance sheet as information on the cost or
valuation is not available and such information cannot be obtained at a cost commensurate with the
benefit to the users of the accounts and to the parish.
The Parish Hall is attached to the Church building. As a result this building 15 not recognised in the
parish balance sheet.
The Rettory is recognised at its deemed market value. No depreciation has been provided on the
properties as the current estimated residual value is not less than its carrying value and the
remaining useful life currently exceeds So years.
d) Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
Restricted funds are funds subject to specific requirements as to their use which 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 condition that the original capital sum is
not reduced, but the income there from is used for the purpose defined in accordance with the
objects of the Parish.
Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of
the charity. If parts of the unrestricted funds are earmarked at the discretion of the Trustees for
particular purpose, they are designated as a separate fund. This designation has an administrative
purpose only and does not legally restrict the Trustees, discretion to apply the fund.

St Clements Parfsh Church
Notes to the Flnancial Statements Icontlnued)
Year ended 31" December 2023
el Critical accountingjudgements and estimation and uncertainty
Estimates and judgments made in the process of preparing the financial statements are continually
evaluated and are based on historical experience and other factors, including expectations of future
events that are believed to be reasonable under the circumstances. The Trustees do not consider
that there are any critical judgments made in applying the Parish's accounting policies or that there
are any critical accounting estimates or assumptions which may have a significant risk of causing a
material adjustment to carrying amounts of assets and liabilities within the next financial year.

St. Clements Parish Church
Notes to Financial Ststements {contlnued)
Year ended 31st Decemnber 2023
2 Donations & Legacies
Unrestricted
Funds
2023
Restrlcted
Funds
2023
Total
2023
Total
2022
Weekly Envelopes /
FWO & Collections
Tax Recovered on Donations
Other
30,405
5,019
120
30.405
5.019
120
31,770
11,014
309
35,544
35.544
43,093
3 Charitable Activities
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
2023
Total
2022
Fundraising
Grants
1,600
2,200
432
2.032
2.200
1.112
2,460
3,800
432
4,232
3,572
4 Investment Income
Unrestricted
Funds
2023
Restrlcted
Funds
2023
Total
2023
Total
2022
Bank Interest
Dividend Income
391
1,762
391
1.762
50
2,142
2,152
2,152
2,192

St. Clements Parlsh Church
Notes to Financlal Statements {continued)
Year ended 31st Decemnber 2023
5 Other Income
Unrestricted
Funds
2023
Restrlcted
Funds
2023
Total
2023
Total
2022
Rental Income
Use of Halls- Oasis
15,447
1,979
15,447
1.979
14,204
2,139
17,426
17.426
16.343
6 Analysis of Expenditure
Unrestrlcted
Funds
2023
Restricted
Funds
2023
Total
2023
Total
2022
Charitable Activities
Clergy Stipend
Outreach Worker
Diocesan Assessment
Professional Fees
New Boiler for Rectory
Other Repairs & Maintenance
Rates & Water Charges
Heat & Light
Insurance
Repayment of Grant to RCB
Charitable Donations
Mission / Outreach
Independent Examiners Fees
Other Expenses
35,649
10.234
4,301
1,043
35,649
10.234
4.301
1,043
28,385
16,599
9,493
3,490
1,260
2.422
7,277
2,475
5,000
2,900
5,382
690
4,658
5,938
2.587
8.895
2,648
5.938
2.587
8.895
2,648
432
432
2,766
371
1,230
2,766
371
1,230
75,663
432
76,094
90,031
7 Taxatlon
St. Clements Church is recognised as a charity for the purpose of applicable
taxation legislation and is therefore not sibject to taxation on its charitable
activities.

St. Clements Parish Church
Notes to Flnancial Statements (continued)
Year ended 31st Decemnber 2023
8 Analysis of Staff Costs, Trustee remuneration and expenses, and the cost of
key Management personnel.
2023
2022
Stipend and Salaries
45,884
44,984
45.884
44,984
The average number of employeess during the year, calculated on the basis of
a head count, was as follows,
2023
Number
2022
Number
Ministerial Staff
Outreach Worker{Part-Timel
Administrative(Part-Time)
There are no employees in receipt of employee benefits in excess of £60,000
Key Management and Trustees
Key Management are deemed to comprise the Trustees
The Parish has paid a total of £30,851 {last year- £28,835) to the Diocese of
Down & Dromore as its share of the costs of a local ordained Minister.
During 2023, the Outreach Worker and Administrative Staff total salary costs
were £ 10,234. The previous year was £22,904.
No Trustees or a person related to a Trustee had any personnel interest in
any contract or transaction entered into by the charity during the year.

St. Clements Parish Church
Notes to Flnanclal Statements (contlnued)
Year ended 31st Decemnber 2023
9 Tanglble Fixed Assets
Office
Equip.
Bulldlngs
Total
Cost
as at 1st January 2023
420,000
420.000
Revaluation
Additions
Disposals
as at 31st December 2023
420,000
420.000
The cost of the rectory is stated at its deemed market value. The
Trustees have revalued the rectory premises having taken into account
the local market property values.
As noted in the accounting policies, the Church building and Parish Hall
are deemed to be heritage assets and have not been included in the
balance sheet total.
10 Analysls of Net Assets Among Funds
General
Restrlcted
Total
Fixed Assets
Current Assets
420,000
420,000
92,448
92,448
Net assets at 31st Dec 2023
92,448
420,000
512.448

I