Independent Examlner's Report to the Trustees of St. aements ParSsh Church st I report on the accounts of the charity for the year ended 31 December 2024 which are set in the following pages. Respectlve responslbllitles of trustees and examiner As the charivs trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: l. Examine the accounts under section 65 of the Charities Act; 2. Followthe procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65{9){b} of the Charities Act; and 3. State whether particular matters have come to my attention. Basls of Independent Examlners Report I have examined your charity accounts as required under section 65 of the Charities Act and my examination wa5 carried out in accordance with the general diTections given by the Charity Commission for Northern Ireland under section 65(9)(b} of the Chartties Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: l. That accounting records were not kept in accordance with section 63 of the Charities Act. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accounting requirements of the Charities Act. 4. That there is further information needed for a proper understsnding of the accounts to be reached. Independent Examiner's Statement I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and, in connection with following the directions of the Charities Commission for Northern Ireland, I have found no matters that require drawing to your attention. David Craig, BA Business & Finance 9 Ferndene Gardens Dundonald Befast BT16 2EP th Date ."IO April 2025
St. Clements Parish Church Notes to Financlal Statements (continued) Year ended 31st December 2024 2 Donations & Legacies Unrestricted Funds 2024 Restricted Funds 2024 Total 2024 Total 2023 Weekly Envelopes / FWO & Collections Donations & Gifts Other 32,193 7,226 32,193 7,226 30,405 5,019 120 39,419 39.419 35.544 3 Charitable Artivities Unrestricted Funds 2024 Restrlcted Funds 2024 Total 2024 Total 2023 Fundraising Grants 2,251 1,702 3.953 2,032 2,200 3,131 1.702 4,833 4,232 4 Investment Income Unrestricted Funds 2024 Restricted Funds 2024 Total 2024 Total 2023 Bank Interest Dividend Income 312 1,786 312 1,786 391 1,762 2,098 2,098 2,153
St. Clements Parish Church Notes to Flnanclal Statements (continuedl Year ended 31st December 2024 5 Other Income Unrestrfrted Funds 2024 Restrirted Funds 2024 Total 2024 Total 2023 Rental Income Use of Halls- Oasis Refunds 13,694 2,903 477 13,694 2,903 477 15,447 1.979 17,074 17.074 17.426 6 Analysis of Expenditure Unrestricted Funds 2024 Restricted Funds 2024 Total 2024 Total 2023 Charitable Attivities Clergy Stipend Outreach Worker Diocesan Assessment Professional Fees New Boiler for Rectory Repairs & Maintenance Rates & Water Charges Heat & Light Insurance Repayment of Grant to RCB Charitable Donations Mission / Outreach Independent Examiners Fees Other Expenses 37,273 12.582 1,097 983 37,273 12,582 1,097 983 35,649 10,234 4,301 1,043 3,420 2,697 7,453 2,834 3,420 2,697 7.453 2,834 5,938 2,587 8,895 2,648 1,702 1,702 768 432 2,766 371 1,230 3,039 3,039 72,146 1,702 73,848 76,094 7 Taxation 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 Financial Statements (continued) Year ended 31st December 2024 8 Analysis of Staff Costs, Trustee remuneration and expenses, and the cost of key Management personnel. 2024 2023 Stipend and Salaries 49.855 45,884 49,855 45,884 The average number of employeess during the year, calculated on the basis of a head count, was as follows, 2024 Number 2023 Number Ministerial Staff Outreach Worker{Part-fime) 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 £32,256 (last year - £30,851) to the Diocese of Down & Dromore as its share of the costs of a local ordained Minister. During 2024, the Outreach Worker and Administrative Staff total salary costs were £ 12,582. The previous year was £10,234. No Trustees or a person related to a Trustee had any personnel interest in any contratt or transaction entered into by the charity during the year.
St. Clements Parish Church Notes to Financial Statements (continued Year ended 31st December 2024 9 Tangible Fixed Assets Offlce Equip. Buildings Total Cost as at 1st January 2024 420,000 420,000 Revaluation Additions Disposals as at 31st December 2024 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 Analysis of Net Assets Among Funds Generdl Restrirted Total Fixed Assets Current Assets 420,000 420,000 83.346 83,346 Net assets at 31st Dec 2024 83,346 420,000 503,346
St Clement's Parlsh Church Statement of Flnandal Actlvities Year End 31st Dember 2024 Unrestrlcted Restrlcted Funds Funds 2024 2024 Totsi 2024 Total 2023 Note Income & Endowments from: Donations & Legacies Charitable Activities Investments Other Income 39,419 3,131 2,098 17,074 39,419 4,833 2,098 17,074 35.544 4,232 2.152 17,426 1,702 Income & Endowments 61.722 1.702 63,424 59,354 Expenditure on: Charitable Activities 72,146 1,702 73,848 76,095 Total Expendlture 72,146 1,702 73.848 76,095 Net Expenditure 10.424 10.424 16,741 Other Recognlsed Galns Gain on revaluation of property (Loss)/Gain on revaluation of Investments 8,678 8,678 1,851 Net Movement In Funds 19.102 19.102 14,890 Reconciliation of Funds Funds Brought Forward 83,346 420,(YJO 503,346 512,448 Total Funds Carrled Forward 83,346 420,000 503,346 497,558 All Income & Expenditure derive from continuing activities
St. aement Parlsh Church Balance Sheet As at 31st December 2024 Notes 2024 2023 Fixed Assets Tangible assets 420,000 420,000 Current assets Investments with RCB Cash at bank and in hand 54,849 28,497 83,346 63,527 28,921 92,448 Credltors Amounts falling due within one year Net Current Assets 83,346 92,448 Net Assets 503.346 512A48 Charlty Funds Restricted Funds Unrestricted Funds 10 io 420,000 83,346 420,000 92,448 Total Charity funds 503,346 512,448 These financial statements were appToved and authorised for issue by the Trustees on 10th April 2025 and signed on its behalf by: Mr Wllllam Hamllton- Secretary Rev. Colln 8lrnle- Minlster The notes on pages 3 to 8 form an integral part of these financial statements
St. Clements Parlsh Churth Notes to the flnandal statements Year*nded 31" Dernber 2024 l. Summary of significant accounting policies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial ststements are as follows; A) General information and basis of preparation St Clements Parish Church, is a charity and is part of the registered charity, 8elfasVBelfasVSt. 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 charivs operation and principal activities are the advancement of religion. Belfast/Belfast/St Clements/St Clements/Down & Dromore/ Church of Ireland, is a charitable trust is th constituted under a trust deed dated 24 March 2015. Belfast/BelfasVSt Clements/St Clements/Down & Dromore/Church of Ireland constitutes a public benef¢t entity as defined by FRS 102. Statement of Com liance The financial statements have been prepared in accordance wtth 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 Ireland(FRS102), the Charities Act ( 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 fair value. The Financial ststements 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 ststements are set out below. These polictes have been consistently applied to all years unless othefwise stated. b} Preparation of accounts on a going concern basis The Parish generally meets its day to day working capital requirements from its annual income. The Trustees have obtsined and reviewed cash flow forecasts for the coming year and based on these are satisfied that the Parish has resources to provide a reasonable expectstion 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 Churth Notes to the Flnandal Statements (contlnued) Year ended 31" Dember 2024 c) 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 as defined by the Charities Sorp (FRS102). 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 is not recognised in the parish balance sheet. The Rectory 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 50 years. d) Funds Funds are classified a5 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 a 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 Parish Church Notes to the Flnandal Statements {contlnued) Year ended 31" December 2024 e) Critical accounting judgements 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 material adjustment to carrying amounts of assets and liabilities within the next financial year.