CHARITY REGISTRATION NUMBER: NIC 102380 St John the Evangelist of the Parish of Orangefield, Belfast Unaudited Financial Statements 31 December 2022 Chartered accountants Gilmour & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN
St John the Evangelist of the Parish of Orangefield, Belfast Financlal Statements Year ended 31 December 2022 Page Trustees. annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements
St John the Evangellst of the Parlsh of Orangefleld, Belfast Trustees. Annual Report Year ended 31 December 2022 The trustees present their report and the unaudited financial staternents of the charity for the year ended 31 December 2022. Reference and admlnlstraiive deialls Reglslered charfty name St John the Evangelist of the Parish of Orangefield, Belfast NIC 102380 Charlty reglsiratlon number Prlnclpal offlce The Church Office 397 Castlereagh Road Belfast BT5 6AB The trustees Rev Ross Wilson Mr Norman Holmes Mrs Kathleen Taylor Mr Greg Gilmour Mrs Jean Malchett Dr Wesley Johnston Mrs Evelyn Jamieson Mr Nicholas McBride Mrs Christine Sergeant Mrs Healher Jardine Dr Barbara Lomas Mrs Rosemary Holmes Mr Simon Newell Mr Brian Jeffers Dr Daniel Livingstone Mrs Annie Beattie Mrs Helen Brown Mr Thomas Foster (Resigned 26 April 2022) (Appoinled 26 April 2022) (Appointed 26 April 2022) (Appointed 26 April 2022) (Appointed 26 April 2022) Independent examlner Robert J Gilmour FCA Gilmour & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN
St John the Evangelist of the Parish of Orangefield, Belfast Trustees. Annual Report (witlnued) Year ended 31 December 2022 Structureg governance and managemenl Govarning Document and Constttution of the Charity Chapter 111 of the Constitution of the Church of Ireland govems Parishes and Parochial Organisation. The Select Vestry members are the Charity Truslees Recwitment and Appointment of Select Vestry (Trustees) All members of the Church of Ireland who are over the age of 18 and are either resident within tha parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at 18asl once a year. Th8 Select Vestry is elacted as part of this Gengral Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms which may be served. Pay and ramuneration The stipend of the Incumbent of the Parish. Revd. Ross Wilson, is paid directly by the Parish, and is datermined in accordance WFlh figures approved by the G6n8ral Synod of the Church of Ireland. Details may be found in Note 13 to the accounts. OrganisationaS Structure The Select Vestry is responsible for the day lo day management of the parish. The Select Vestry consists of the Member of the Clergy serrfing in the parish. the Churchwardens. the Glebe Wardens and generally not more than twelve other members of the General Vestry elected at the Annual General Meeting of the General Vestry. The Select Vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select Vestry members are responsible for making decisions The Sel8Ct Vestry meets al times fixed by the members or by the diocesan synod. Special meetings may be convened at any time by the chairperson or the churchwardens .In 2022, the Select Vestry met 10 times during the year with an average attendance o193¥..
St John the Evangelist of the Parish of Orangefield, Belfast Trustees, Annual Report (condnwd) Year ended 31 December 2022 Oblectlves and athivltles The charitable purpose of the Church of Ireland is the advancemenl of religion. The principal function of St John's. Orangefield is to support the advancement of the Christian religion by promoting, through the work of St John's, Orangefield the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support for Ihose needing help are fundamental to the practical delivery of Ihe benefits of Christianity. As a result of activity in the pursuit of the advancement of the Christian religion, St John's, Orangefield has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and mainienance of which is undertaken by the SeSecl Vestry of St John's, Orangefield. Achlevements and perforniance Statement of Public Benefit Purpose 1 The expression of the precepts of the Christian religion through engagement with the general public, and in particular with the disadvantaged, the sick, the elderly and the young is a public benefit. This can be measured and evidenced through increased social integration and pastoral care delivered at the point of need. The direct benefit of participation in Church life includes the enjoyment of public worship and Ihe giving and receiving of pastoral ministry.improved understanding of the values relating to civic engagement. community cohesion and providing a bridge between diverse groups as well as improved educational outcomes through the Church's ministry ol teaching. The beneficiaries are the general public, and the public valuation of the benefits can be evidenced through attendance at public worship, participation in Church governance and willingness to support through contributions the continuing witness of the Church. The wider benefit to the public will outsveigh any detriment arising in the course of Christian outreach. Any private benefit arising out of the fulfilment of our Christian ministry or to lay staff is essential to the fuwilment of the purpose of the advancement of religion. No Truslee receives remuneration, reward or other private benefit for carrying out their Trustee responsibility. After the enforced stalling of programmes because of the Covid-19 pandemi. we are delighted that these have now resumed. Increased social integration and pastoral care is delivered through{but not restricted to), Prime Timers: fun and fellowship for those aged 65+. Tots Together. building up of family through play and parenting inpLA; Knit and Natter; Scouts; Guides; Scottish Dancing: 8owls,' Military Modelling and Church Services. Stalement of Public Benefit Purpose 2 The direct benefits flowing from this purpose include the provision of archive records, public enjoyment of cultural and hisloric buildings and artefacts such as Church plate, furnishings and materials as well as an overall improved appreciation of longstanding Christian heritage. This is demonstrated through on-going provision of access to records and the use made of these records in. for example. research and genealogy, through conservation efforts in respect of records. property and artefacts and the subsequent and continued requests for access and use of our materials by wider society. There is no harm arising from the purpose. The beneficiaries are the general public. No private benefit is received by truslees fulfilling their trustee responsibilities in respect of these records, buildings or artefacts, but in the course of conservation and to make these a¢SsIble to the public, the engagement of professional staff and services is essential but incidental to the fulfilment of the purpose. During 2021 we invested some £560,000 in the refurbishment of our Church building and ancillary rooms, thus ensuring that St. John's will continue to offer public enjoent of our historic - and now modernised - buildings into the future.
St John the Evangelist of the Parish of Orangefield, Belfast Trustees. Annual Report (¢ondnwd) Year ended 31 December 2022 Achlevements and perfomiance fconrfnwdj Compliance Public B8nefit The Parish has given careful consideration to the Charity Commission for Northern Ireland's guidanc8 on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish's objeclives as well as providing public benefit. Examples include a monthly collection of food to help the disadvantaged in our city through the Storehcuse charity and money raised lor charilies who are working both locally and worldwide. Our hall is used regularly by different organisations who are serving the needs of all ages in our locality. Flnanclal revlow The results for the year are set out on pages 6 and 7 and should be read in conjunction wilh the accompanying notes. St John's had net incoming resources of £29,222.12021 £126.767). A transfer to restricted funds left accumulated unrestricted funds of £22,050. {2021 £38,045). Accumulated restricted funds are £513,316 {2021 £468,099). The unrestricted funds are considered to be essential to provide sufficient sums to cover any unforeseen costs which may arise and futfil legal obligations of the Parish in the event that current levels of income are not maintained. Going Concern It is the policy of the Parish that unrastricted funds which have not been designated for a specific use, should be maintained at a level equivalent to belween thre8 and six months, expenditure. This is currently the case. The Select Vestry considers that the resep4es of this level will ensure that, in the event ol a signiticant drop in funding, they will be able to continu8 the Parish's current activities whilst consideration is given to ways in which additional funds may be raised. The trustees, annual report was approved on 18 April 2023 and signed on beha of the board of trustees by: Rev Ross Wilson Trustee Mr Nicholas McBride Trustee
St John the Evangelist of the Parish of Orangefleld, Belfast Independent Examiner's Report to the Trustees of St John the Evangellst of the Parlsh of Orangefield, Belfast Year ended 31 December 2022 I report to the trustees on my examination of Ihe financial slatements of St John the Evangelist of the Parish of Orangefield, Belfast ('the charity) for the year ended 31 December 2022. Responslbllllles and basls ol report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act (Northem Ireland) 2008 {the .2008 Act,). You are satisfied that your Charity is not required by charty law to be audited and have chosen instead to have an independent examination. I report in respect of my examination of the charitys financial statements as carried oul under section 65 01 the 2008 Act. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under saction 65{9)(b) of the 2008 Act. Independent examlner's stalemenl I have completed my examination. I confirm that no matters have come to my attenb'on in connection with my examination giving me cause to believe that in any material respect: accounting records were not kept as required by with section 63 of tha 2008 Act. or the financial statements do not accord wilh those records. or the financial stalemenls do not compty wth Ihe accounting requirernenls of the 2008 Act; or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charits'es (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Rob J Gilmour FCA Independent Examiner Gilmour & Co Limited 25 High Street Carrickfergus Co Antrim BT38 7AN 18 April 2023
St John the Evangelist of the Parish of Orangefield, Belfast Statement of Flnancial Actlvlties Year ended 31 December 2022 2022 Restricted funds Total funds Total funds 2021 Unrestricted funds Income and endowmenls Donations and18gacies Investment income Other income 111.605 49,161 611 160,766 795 21,912 183,473 242,113 2,301 29,869 274,283 21,912 133,701 Total Income 49,772 Expendlture Expenditure on charitable activities Total oxpendlture 130,525 ¥3,726 23,726 154,251 147,516 147,516 130.525 154,251 Nel Income 3,176 26.046 29,222 126,767 Transfers between funds (19,171) 19,171 Other re¢ognlsed galns and losses {Losses)Igains from revaluation of fixed assets (1,737) (1 ,737) 27,485 10.187 Net movemonl In funds (15,995) 136,954 Reconclllatlon of funds Total funds brought for•vard Total funds carrled forward 38,045 468,099 511.579 506,144 533,629 369.190 22.050 506,144 The statement of financial activities includes all gn5 and losses recognised in the year. All income and expenditure derive from continuing activities. Tho not08 on pag•* 8 10 20 lorni part ol th8 flnan¢lal Slaloments.
St John the Evangellst of the Parish of Orangefield, Belfast Statement of Financlal Position 31 December 2022 2022 2021 Nots Flxed assets Tangible fixed assets Inveslments 14 15 547,197 22,345 569,542 533,660 24,082 557.742 Currenl assets Cash at bank and in hand 80,923 97.774 Credllors: amounts falllng duo wlthln one year Net current assels 16 2,328 78,595 648,137 30.255 67,519 625.261 Total assets less currenl Ilabllltles Credllors: amounls talllng due after more than one year Net assets 17 114,508 533,629 119,117 506,144 Funds of the charlty Restricted income funds: Revaluation reserve Other restricted income funds Unreslricted funds 16,838 494,741 22,050 533,629 18,575 449,524 38,045 506,144 Total charlty funds 18 These financial statements were approved by the board of Iruslees and authorised for issue on 18 April 2023, and are signed on behalf of the board by: Rev Ross Wilson Trustee Mr Nicholas McBride Trustee The noles on pages 8 to 20 forni part of th088 flnanclal statgmentg.
St John the Evangelist of the Parish of Orangefield, Belfast Notes to the Flnanclal Statements Year ended 31 December 2022 General Informallon The charity is a public benefit entity and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is The Church Office. 397 Castlereagh Road. Belfast, BT5 6AB. ststement of compllance These financial statements have been prepared in compliance th FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 10211 and the Charities Act {Northem Ireland} 2008. Accountlng pollclos Ba$1$ of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertanties about tha charitvs ability to continue. Dlsclosure exempllong The charity has taken advantage of the provisions in the SORP for charFties applytng FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Judgements and key sources of estlmatlon uncertalnty There are no material estimated figures included in these financial statements. Fund accountlng Unrestricted funds are available for use al the discretion of the trustees to further any of the charitys purposes. Designated funds are unrestricted funds eannart(ed by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two SuClaSses. restricted income funds or endowment funds.
St John the Evangelist of the Parish of Orangefield, Belfast Notes to the Flnancial Statements (contInU) Year ended 31 December 2022 Ac¢ountlng pollcles (11nuedj Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable Ihal the economic benelits associaled with the Iransaction will flow to the charity and the amounl can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or granis is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entttlement is established. income from donated goods is measured at the fair value of Ihe goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included lor the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted seryice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expendilure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising aclivities. events, non- charitable trading activities, and the sale of donated goods. expenditure on charilable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of tts beneficiaries. including those support costs and costs relating to the governance ot the charity apportioned to charitable aclivities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All cosls are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consistent basis.
St John the Evangelist of the Parish of Orangefield, Belfast Notes to the Financlal Statements (conUnu•d) Year ended 31 December 2022 Accounllng pollclos (¢ondnwd) Tanglble assetg Improvements to Church property are recognised at cost and are depreciat8d on a straight line basis over 25 years. Fixtures and Fittings ar8 recognised at cost and are depreciated on a straight line basis over a period of 10 years. Whilst the Parish maintains a register of fixtures and fittings, these, being more than 10 years old, would be fully written dovm and are thus not included in the accounts. The Parish has determined that the minimum threshold of cost for an item to be considered to b8 capitalised as a fixed asset is £1,OCK). Depreclaiion Depreciation is calculated so as to write off tha cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Improvements to Church Propety 4Yo Straight line Improvements to property are depreciated over 25 years on a straight line basis. Investmenis Fixed asset investments are included at market value. They comprise 29,239 units of investment in RCBICIT Unit Trusts. The original cost of the investments was £66,619. There have been no further acquisitions or disposals during the year under review. Flxed assets Fixtures and Fittings are recognised ai cost and ar@ depreciated on a straight line basis over a period of 10 years. Whilst the Parish maintains a register of fixtures and fittings, these, being more than 10 years okl. would be fully vKitten down and are thus not included in the accounts. The Parish has determined that the minirnum threshold of cost for an item to be considered to be capitalised as a fixed asset is £1,000. 10
St John the Evangellst of the Parish of Orangefield, Belfast Notes to the Flnanclal Statements {¢onttnwdJ Year ended 31 December 2022 Accouniing po15cles (¢ontInu) Herltage a$8els The assets of the Parish,retained for its own use comprise: Church Building Church Halls . Globe House(Rectory) Fixtures and fittings Sl Bribed's Church Hall The Church Buikling. Church Halls and Globe House, being all on the one srte and not separable as individual assets,are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities as informalion on Ihe 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. Consideration is currently being given to treating St Brigid's Church Hall as a heritage propety. so that it has also not been included in the statement of Assets. Whilst the cost is not known, the replacement value as assessed for insurance purposes in 2018 amounted to £364.177. 11 this property were to be disposed of, the resulting funds would be restricted in use and pemiission would be required from the Representative Body of the Church of Ireland to use them for a given purpose. Impalrment ot flxed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the assel is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date. For the purposes of impaiment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash- generating unit to which the assel belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goo111 acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal In$trumenls A financial asset or a financial liabilty is recognised only when tha charity becomes a paty to the conlractual provisions ol the instrument. Basic financial instruments are initially recognised at the amount receNable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
St John the Evangelist of the Parish of Orangefield, Belfast Notes to the Financlal Statements (¢ontlnwdJ Year ended 31 December 2022 Accouniing pollcles {contlnu•dJ Flnanclal Instruments (con11nlI Debt instruments are subsequently measured al amortised cost. Where investments in shares are publicly traded or their fair value can otherwise b8 measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments ara subsequently measured at cost less impainnent. Other financial instruments, including derivatives. are initially recognised at fair value, unless payment for an asset is deferred beyond normal sInesS terms or financed at a rate of interest that is not a market rate. in which case the asset is measured at the presant value of tha future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the stat6ment of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equrty instruments regardless of signrficance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are eith8r assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals ol impainnent ar8 recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2022 Donallong Donations Freewill OFlerings Maintenance envelopes Plate co118Ctions UpgradinglRefurbishment of Church Diocesan Ordination U18 Ministry Tots Together Family Festival Garden of Remembrance Church of Ireland Gazette 6,421 73,057 1,898 4,419 6,421 73,057 1.898 4,419 49,161 65 1,400 408 779 566 193 49,161 65 1,400 408 779 566 193 Legacles Legacy - Duffin Estate 4,042 4,042 12
St John the Evangelist of the Parlsh of Orangefleld, Belfast Notes to the Financlal Statements (Mnunwd) Year ended 31 December 2022 Donatlons and legacles (contlnuod) Unrestricted Funds Restricted Toial Funds Funds 2022 Granis Covid-19 Charities Fund Diocesan Covid-19 Grant 16,847 1,510 111,605 16,847 1,510 160,766 49,161 Unrestricted Funds Rasiricted Total Funds Funds 2021 Donallons Donations Freewill Offerings Maintenance envelopes Plate collections UpgradinglRefurbishment of Church Diocesan Ordination U18 Ministry Tots Together Family Festival Garden of Remembrance Church of Ireland Gazette 608 76,758 4,489 5.765 608 76,758 4,489 5,765 108,174 108,174 1,400 144 1 ,400 144 Legacles Legacy - Duffin Estale 33,750 33,750 Gran1$ Covid-19 Charities Fund Diocesan Covid-19 Grant 11,025 11,025 133,939 108,174 242,113 Investment Income Unrestricted Funds Restricted Total Funds Funds 2022 Bank interest receivable Other investment income 184 611 611 611 795 Unrestricted Funds Restricted Total Funds Funds 2021 Bank interest receivable Other investment income 216 216 2.085 2,085 216 2,085 2.301 13
St John the Evangelist of the Parish of Orangefield, Belfast Notes to the Financlal Statements (¢onllnwd) Year ended 31 December 2022 (Xhor Income Unrestrict8d Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Gain on disposal of tangible fixed assels held for charitls own use Rental of Premises by third parties Other Receipts Parish Organisations contributions lo upkeep Job Retention Scheme 4.935 220 19.128 4,935 220 19,128 2,545 18,277 18.277 1,090 1,090 100 5,486 100 5,486 29,869 21,912 21.912 29,869 Expendllure on charltable actlvllles by fund type Unrestricted Funds R8Slricted Toial Funds Funds 2022 Support costs 130.525 23,726 154,251 Unrestricted Funds Restricted Total Funds Funds 2021 Support costs 125,281 22,235 147,516 Expendlture on charitable actlvltles by actlvlty type Toial funds 2022 Tolal fund 2021 Support costs Church Activities Governance costs 152,763 1.488 152,763 1,488 146,676 154,251 154,251 147,516 Analys18 of support cog13 Analysis of support costs Total 2022 Total 2021 Wages & Salaries Charitable Donations Administration Costs Diocesan CostslAssessmenl Church Running Costs Glebe Running Costs Church Hall Running Costs Depreciation 65,025 11.237 1,764 10.874 27,554 8,179 4.404 23,726 152,763 65,025 11.237 1,764 10,874 27,554 8,179 4,404 23.726 68,253 10,960 1.293 11,222 17,664 14,036 1,014 22,235 146,677 152.763 14
St John the Evangelist of the Parish of Orangefleld, Belfast Notes to the Flnanclal Statements {contInth) Year ended 31 December 2022 10. Nei Income Net income is stated after chargingl(crediting): 2021 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 23,727 22,235 (4.935) 11. Independent examlnatlon fee3 2021 Fees payable to the independent examiner for: Independent examination of the financial stalements 1,488 840 12. Slaff costs The average head count ol employees during the y6ar was 3 (2021: 3). No employee received employee benefits of more than £60,000 during the year (2021 . Nil). 13. Trustee remunerallon and expenses Reverend Ross Wilson , Rector of the Church, was paid a salary and expenses for his services as Rector. In 2022 these totalled £40,927. (2021 £39,926). Employerfs pension costs paid amounted to £7.153 (2021- £6.945). During the year reirnbursenments for out of pocket expenses to Twstees amounted to £2.012. 14. Tanglble flxed assels Improvement io Church property Cost At 1 Jan 2022 Additions 555,895 37,264 593,159 At 31 Dec 2022 Depreclatlon At 1 Jan 2022 Charge for the year At 31 Dec 2022 22,235 23,727 45.962 Carrylng amount At 31 Dec 2022 547,197 533,660 At 31 Dec 2021 15
St John the Evangellst of the Parish of Orangefield, Belfast Notes to the Financlal Statements (contlnu8d) Year ended 31 December 2022 15. Investmoni$ Other Invesiments Cost or valuatlon At 1 Jan 2022 Additions Other movements 24.082 {1,737) 22,345 At 31 Dec 2022 Impalrment At 1 Jan 2022 and 31 Dec 2022 Carrylng amounl At 31 Dec 2022 22.345 At 31 Dec 2021 24.082 All investments shown above are held at valuation. 16. Credltors: amounts falllng due wfthln one year 2022 2021 Trade creditors Accruals and deferred income Parishioners. Loans 21,415 840 8,000 30,255 2,328 2,328 17. Credllors: amounts talllng due after more than one year 2022 2021 Bank loans and overdrafts 114,508 119.117 16
St John the Evangelist of the Parish of Orangefleld, Belfast Notes to the Flnanclal Statements (cnOd) Year ended 31 December 2022 18. Analysls of charftable funds Unresirlcted funds At 1 Jan 2022 Gains and Al losses 31 Dec 2022 Income Expenditure Transfers General Funds Designated Fund 1 Parish Organisations 35,010 133,701 (130,525) (19,171) 19,015 3,035 38,045 3,035 133,701 {130,525) {19,171) 22,050 At 1 Jan 2021 Gains and At k)sses 31 Dec 2021 Income Expenditure Transfers General Funds Designated Fund 1 Parish Organisations 101,843 164.024 (125.281) (105,576) 35,010 3,035 104,878 3,035 38,045 164,024 (125,281 } (105.5761 17
St John the Evangelist of the Parish of Orangefield, Belfast Notes to the Financlal Statements (contlnu•d) Year ended 31 December 2022 18. Analys1$ of charltable fund8 {contlnwd) Restrlcted funds Al 1 Jan 2022 Gains and At losses 31 Dec 2022 Incomo Expenditur8 Transfars Maintenance Fund LF Black Memorial Fund LB Unit Trust Fund R8valuation reserve Property Fund 26,862 49,772 (23,726) 52,908 1.793 1.793 5,505 5,505 18,575 415.364 (1,737) 16,838 434,535 511,579 19,171 468.099 49,772 (23,7261 19,171 {1,737) At 1 Jan 2021 Gains and At losses 31 Dec 2021 Income Expendtture Transfers Maintenance Fund LF Black Memorial Fund LB Unit Trust Fund Revaluation reserve Propety Fund 88,859 110,259 (22,Y35) (150.021 > 26,862 1,793 1,793 125,573 (120,068) 5,505 48,087 (39,699) 415,364 105,576 10,187 18,575 415.364 264.312 110,259 (22,2351 10,187 468,099 18
St John the Evangelist of the Parlsh of Orangefleld, Belfast Notes to the Flnanclal Statements (¢ontlnu•d) Year ended 31 December 2022 18. Analysls of charltable funds (¢onffnwd) Purposes of Restricled Funds - Unit Trust Fund". These lunds derive from invesling the remainder of the sale of th8 Curatage of St John's, Orangelield and of St John's, Laganbank (predecessor to the present Parish). The funds represent the market value of the investments, but the original cost as at 31 st December 2019 was £66,619. They are deemed restricted as they derive from property owned by the Representative Church Body of the Church of Ireland, whose permission must b6 sought and granted for any sale and further application of the funds. Deposit account funds: Deposit accounts held with the Represenlative Church Body amounted to £58,888 at 31st December 2021. These funds derive from the same source as the Unit Trusts above and are subject10 the same restrictions. L F Black Memorial Fund: This is a fund to assist with the cost of child choristers in the Parish Choir. Flower fund: This is a fund to provide floral arrangements in Church premises as required. Purposes of Designated Funds: Maintenance: The Trustees set aside funds each year for the maintenance of the Church propety. Charities Fund: The Trustees have set aside funds for donations to Christian charities supported by the Parish and the Church of Ireland. Parish Organisations Funds: This represents the monies raised by ihe Parish Organisations for their own use within those organisations. 19
St John the Evangelist of the Parish of Orangefield, Belfast Notes to the Financlal Statements fc0ndnuj Year ended 31 December 2022 19. Analysls ot nel assets v¢en funds Unrestricted Funds Rastricted Total Funds Funds 2022 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 547,198 22,345 56.544 547.198 22,345 80,922 (2,3281 (114,508) (114,508> 511,579 533.629 24,378 (2,328) 22,050 Unrestricted FurKIs Restricted Total Funds Funds 2021 Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 512,246 24,082 58,890 18,0001 (119,119) 468.099 512,246 24,082 97.775 (8,840) (119,119} 506,144 38,885 1840) 38.045 20. Relaied partles During th8 year payments totalling £751 were made to Colourpoint Creative Ltd for printing work carried out on behalf of the Parish. Dr Wesley Johnston, a trustee ol St John's, Orangefield. is a director ol this company.