St Mid￿*. St Michael's Parish Church Belfast Trustees, Annual Report and Financial Statement For the year ended 2023 NIC 1(r2396 ReforerKes and adminotrative details: Charity Name: St Mich*fs Parish Church Belfast Charity Registration Number 102396 Contact Address: The Honorary Treasurer Mr Tom Batchelor 38 8allyregan Road Dundonald BT16 1HZ Trustees: Mr Thom8s B8tchek>r Rev Canon James Carson (Ch&r) Mrs Nonn8 Clucas Miss Joan Crothg15 Miss Caroline Edgar Mr Gordon Edgar Mrs HeatherEdg8r Miss Muriol Hughes Mrs Eileen Miskin7min Mr Robert Ryan Mrs Ann8 ￿lson Principal OffiG•-bearers Clergy: Rev Canon James Carson Church Treasurer: Mr Tom Batchelor Clergy Church Warden. Mr Robert Ryan Peoples Church Warden: Mrs Heather Edgar Recording Secretary: Mr Gordon Edgar & Mrs H Edgar Clergy Glebe Warden.. Mr Tom Batchelor Peoples Gle1￿ Warden: Mr Gordon Edgar IndependentAuditor Mr Thomas Scott BA(Bus) ACIS 8 Dochester Gardens Newtownabbey BT36 SJJ Banknrs Ulster Bank Ltd Shankill Road 8elfast BT13 1FH Trustees. Annual Report for the year gndgd 31•t December 2023 The tntstees present the annual report arKI statements of R￿ipts and PayTMnts and Assets arKI Liabilities for St Michael's Parish Church Belfast for the year ended 3151 December 2023. ObJective3 and Activities The principal function of St MiGhael's Parish Churth 13 to supwt the advancement of Christian religion by promoting through the work of the Parish the whc4e mission of ￿ Church, pastoral, evangelistic, social and ecurrEnical. Bein9 open to and engaging with society as whole arKI offering support those needing help are fundamental to the practical delivery of the benefrts of Christianty. As a result of activrty in pursuit of the advancement of the Christian religion, St Michael's Parish Church Belfast has vjstody of property and records, materials and artefacts of signthcance to the cultural and religious heritage arKI maintenance of which is undertaken by the Select Vesty of St Michael's Parish Church 8effa$t Achievements, Perfomiancg & Public Benefft St Michad'3 Parish Church achieves its purposes through varyiNJ activitbes includiTrJ public worship. prayer, provision of pastoral eare. rn1￿10n and outreach, parish groups and Special Public Worship Vve strive in leading our public worship to (xeate an environment where all are welcome. provide an opportunty where wide raNJe of people may encounter and worship God. St Mithael's Parish Church has weekty services on Sunday comprising of a mix of Hdy Communion, Famity Service. Baptism and MomirKJ Prayer. Spea'al services are held leadirrfJ up to Easter and Christinas our Carol Service attracts &4ditional visitors. We value the involvement arNJ leadership of many people, indudirvJ musicians and Y(xrth Leaders. We pray regularty for our communty and those n n￿1. Pastoral Work seek to offer eare to parishior*rs of all ages and to support people at signif￿ant points in their lives. Clergy and our pastoral team visit vulnerable and older people who are in care homes, assisted housing or those less able to atterKJ church to provide pastoral and spiritual 3UPPOrt. Visits are made to parishioners in hospital arKI in preparation for bapb.sms and weddings. We also condud fvnerals f(x church members as well as for the lo(xl communty. Parish Groups A rarKJe of other activitEs are provided by St Michael's Church elther by the church directly or through various church organisati¢)ns e.g. Christian Endeavour. Youth Group; Badminton Club; Prayer & Bible Study: Drama club; After schools dub; m￿thty Prayer Breakfas( M￿th Men's BreakfasL Local Communlty We are involved in the local communty throLMJh a member of the Parish serving on the Board of Governors of Malvem Primary School and encourage the work of tTr￿ school by helping to maintsin standards and practices. In addition the staff of the Parish lead assemblies. St Michael's Church in conjunction with The United of St Stephen and St Luke collectively known as COILS (Chur(* of Ireland Lower Shankill) operate jointty in l)oth Parishes to provide social outreach army support to the people of the lower Shankill. Social Outreach The Parish has undertaken to engage with the wider society, particulaty those wtK> are vulnerable or disadvantaged, through Social outreach activities. • Foodbank - on going Colleth.￿ of foodstuff and househokl rteffts in partnership with Shankill Methodist Church. supporting people in need in the Shankill area. • an after school club for Malvern Primary children. • a kids drama and activty dub for some children from Malvem Primary School. • Messy Churth orKe a month. • Men's Breakfast open to all men in newhbouriTrJ parish thurthe3. • financial assistsnce to missionary and humanitsrian organisations workirvJ in other C￿ntrIes. Public Benefft The Trustees have given careful consideration to the Charity ComMi￿10n for Northem IrelarKI's guidance on public benefft to ensure that the actNities entered into during the year have helped to achieve the Parish's objectives arKI activities. as well as providing public benefrt. Regular worship, outreach into the community and beyorKI. fundraising efforts arKI pastoral care. particularty for sick and elderly help us meet our public benefit resF)onsibll￿'es. Our church hall is used regularly by other outside organisaticms. A(xYss to Church properties is restricted for public safety to named key holders and St Michael's Parish Mit￿ateS any potential harm from the activibes thr￿gh the implementation of the Church of IrelarKI Safeguarding Trust Policy. Financial Review Finances are managed by the Honorary Treasurer who distributes and presents a financial report to the trustees at our monthly Select Vestry Meetings. The parish operated three accounts - a General Account. a 8uildiThJ and Reserve account and a dedicated Funding Account for COILS and we also hokl shares in Santander. The Parish's incOff￿ shows proceeds from Frethvill Offering (envelopes). Gift Aid and subscnptions from church originations. towards the use of the church halls. Restricted income towards specific prciects and monies received by the pariqh to be forwarded to missionary and chantabla g￿ti8$. Wa also receive a rental incomes from properties at 5 Sunningdale Park and 17 Weslway Park Belfast both of which the pansh owns. The Pafish Treasurer wrth the pemiission of the Trustees administers an account of behaff of COILS. Following all these transactions the ACc￿nts at end of the year were as follows: Current Account- -£73e g8 Reserve Account - £68.635.24 FundirrfJ Account - £14.589.84 Shares- £936.00 All other pay￿nts in 2023 were paid wttn received in full. The security and safeguardiThJ of all rrK)nies is important to the Trustees all money ' counted and taken to the bank under dual control. Going Concern The trustees have revIev￿d the budgets for the year ahead arKJ are satisfied that there are adequate furKls in Pla￿ to ensure th* the pansh can continue its activrtEs and the financial statements for the year ended 2023 can be signed off as a gcmng concem Structurg. Gov•rnan¢e and Managoment Chapter111 of the Constitulion of the Churdi of Ireland govems Parishes and Parochial OrganiSati(￿. Select Vestry members are the Chanty Trustees. Recruitrn•nt and Appointment of Select Vgstry trrustees) All members of the Church of Ireland who are over age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the cororegation for at least three months, may register as members of the General Vesty of the Parish. allowing them to attend and vote at rrwting of the General Vestry and to stand for election to the Select Vestry. Meetings of the General Vesty are held at least once a year. The Select Vestry is elected as part of the General Vestry meetsng. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re*lethd annualty and there is no limit on the number of terms, which may be served. Pay and Remuneration The Parish Clergy and Development Officer also works with a ne￿hb￿ring Parish namety The United Parishes of St Stephen & St Luke. The COI Diocese of Connor pays the Salaries of these employees and St Michael's pay the Diocese half of the totsl salary. The ottr￿r half being paKI by St Stephen's & St Luke's Parish Church. This arrangement was agreed by both parishes to Simplrfy Salar￿ and wages and also National Insurance and PAYE. Organisational Structure The Select Vesty is responsibbe for the day-t(Hlay management of the parish. The Select Vesty consists of the member of the clergy serving in the parish. any curate assistsnt, and the churchwardens the glebe wardens and 9eneralty not more than twelve other member3 of ttr General Vestry elected at the Select Vesty. The Select Vesty is chaired by the inuJmbent or other member of the clefgy officiatirvJ in the parish including deadirKJ how parish funds are to be appliad. The Select Vesty meets at times fixed by the members. Speeial meetings may be convened at any time by the chairperson or churchwardens. In 2023 the Select Vestry met eight during the year and the average attendance was 87%. Statement of Trustees, Rosponsibilities The trustees are responsible for preparirKJ the Trustees. Report arKI the statement of receipts and payments and statement of assets and liabilrties in accordance with applicable law arKI regulati￿$. The law applicable to tharities in NOrtI￿rn Ireland with inccffie of less than £250,000 requires the trustees to prepare a state￿￿nt of receipts and payments and a 5taterrEnt of assets arKI liabilrties for each financaal year. In preparing these financial statements. the trustees are required to." Select suitable accounting policies and then apply them consistenty. Make judgements arKI estimates that are reasonable arbd prudent; stste whether the financial statements, have been prepared in accordance ￿￿th applicable Accounb'ng Stsndards arKJ identsfy t1￿ standards in question. subject to any material departures be1￿j disdosed arKJ explained in the financial statements, Prepare the financial state￿￿nts on the going conGem basis unless it is inappropriate to presume that the Parish will Gontinue as a going concem The trustees are reSp￿S￿l >le for keeping accounting records that are sufficient to show and explain the Parish's trartsactions 8fKJ disdose wrth reasonable accuracy at any time the assets and liabilities of the Parish. They are also responsible for safeguarding the assets of the Par￿h and hertt for takn"rKJ reasonable steps for the prevention and detecti¢￿ of fraud and other irregularities. GOV•rnan￿ Costs No Governan￿ costs where incurred during the year. The Independent Examiner provided services to the parish at no cost. Signed on alf of th• TnMtg non J I Carson Chaiman Mr T Batchelor Treasurer Independent examlner's rpport to th• charity trustgos of St Michael's Parish Church BeifasL I report on the accounts of St Mthael's Parish Church (Ihe (*anty') for the year erKled 31st December 2023. Reswctivg rBsponsibilities of charity t￿￿t••3 arKI •xaminer. As the charity's trustees you are resportst•le for the preParat￿n of the accounts in a¢¢ordance with the Charitss Act (N¢xthem Ireland) 2008. It is my resp￿sibl1ty to: Exam#io tho accounts undor soCtk)n 65 of tho Charitss Art Follow Ihe procedures laid down in the general directM)ns given by the comission uThler section 65 (9) (b) of the d￿r￿e$ AQ; and stste whether partKular matters have to my attention. Basis of indopendent O￿nIn0r￿ rep(xt I have examined your charity accounts as required undef se(Xion 65 of the Charities Act and my examination was Car￿d Out in aC￿rdance with the general directions givèn by the Charity Comission for Northem lrnland under section 65(9) (b) of the Charities Act. My Examinalion included a rev￿ of the accounting recorrls kept ty the charity and comparwn of the accounts presented with those records. It also induded consideratK)n of any unusual items or disclosu￿S in the accounts. and seeking explanalions from you as charity tn￿tee6 conceming any such rrratter3. My role is to stste whether any material rr4tters have to ry attent￿ givirvJ mil cause to believe". 1. That accountirrfj records were not kept in accordance with section 63 of the Chariti•s Act; 2. That the accounts do not accord with those accounting re￿rds. 3. That the accounts do not compty wilh th• accounting requirerr￿nts of the Charities Act: and 4. That there is further informakn needed for a proper understanding of the accounts to be reached. Independents exam1r*￿$ statenKnt I have com*ted my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection wilh the following the Directions of the Chanty C(xYxn1ssh￿ for Nortrwn Ir•land. I have found no matters that require drawing to your attention. Nan*: Mr Tcrfn Scott BA Relevant professkmal qualificath)n or body: ACIS Addr•ss: 8 r¢Wer Gard•n$ 8T36 5JJ Date: SYJne(I: St Michael's Parish Church Belfast stateM￿t of AGGounts as at 31st December 2023 trfTJ75X4 É4415.WJ f511) tsofy) Si GVJ EfjiXfjT É61Llé L¥A)JJD t2SSJi t23742J AM* Qmt o Toiw eic £in. ¢41 £416.411 £251.ty) Loth) fr(n 2 ¥J t116.10 E17AI U.1S9.79 (ty) Éso £ISl47 AXI tl11•25 - • (• £iSJAT TEAR Vuml Chattity C(XM1is￿n Nl Registraii)n No. 102 St Michael's Parish Church Belfast Statement of Accounts as at 31st De¢Mts 2023 CAr•Et fW37 A• 50)) tIllX15 74 J2U• It7￿1.￿ cmrtity Nl Regi51TalwJn ￿. 102396 St Michael's Parish Church Belfast Staten￿t of Accounts as at 31st Decembe$ 2023 131A¥)X19 £•ior DgJAI Ly,461.n tX4th.n •s•ftt*vO Cmrth Wy, St ArY*'S Hairf&Y Ulty B￿k Stafi FwKI (Syy5 wsh Notes to financlal ststefflents: Year ended 31 December 2023 1. Summary of Signifieant accounting polici06 The principle accountirrfJ poliues adopted, judgements and key sources of esbmation uncertainty in preparation of the financial statements are as follows: a) Gon•ral inforniation and basis of preparation St Michael's Parish Church, Belfast is a charlty and is part of the registered charity, Belfast.. St. MichaeVSt,MichaeVConnorlChurch Of Ireland which reg￿tered wrth T Charrty Commission for Northern Ireland on the 18UI March 2015. The nature of the chanty's operations and prinGipal aGt￿rt￿ are the advancement of rel￿10n. Belfast St. MichaeVSt.MichaeUConrK)rlChurch or Ireland. a charitable trust is constrtuted urKJer a trust deed dated 18m March 2015. Belfast: St. MichaeVSt.MichaeVConnorlChurch Of Ireland constitutes a public benefft entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of RecommerKled Pracb"ce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republbc of Ireland (FRS 102), the Charities Act (Northern Ireland) 2008. The Charities (Accounts arKI Reports) Regulations (Northem Ireland) 2015 and the UK Generally Accepted Practic£ as it applies from 1 January 2015. The financial stster￿nts have been prepared on the goiro coneem basis. The financial statements a￿ presented in sterling, which is the functional currency of the charty. b) Basis of Financlal stat•m•nts As the totsl income of the congregation is les3 than e250.000 the Trustees have elocted in accordance with the provisions in the Charities Accounts and Report Regulations (Northem Ireland) 2015 to prepare its accounts on a receipts and payments bas4S. c) Preparation of accounts on a going concern basis The Parish generalty meets its day to day working capital requirement from its annual incc(ne. The Trustees have obtained and reviewed cash flow forecasts tor the c(Kning year and based on these are satsfied that the Parish has reeourses to provide a ￿asonable expectation that it (3n continue to meet its financial obligations as they fall due for the foreseeable future. Therefore these financial statements have been prepared on a going concem basis. 10 d) Tangible assets assets of the Parish compw: . Church Building and GrourKIs Church Hall Rectory Curates propety The Church Buildiro and Grounds are deeff￿ to ￿ Heritage assets as defined by the Charities SORP {FRS 102) These Herilage assets are rK)t included on the balance sh￿t as infom)ation on the cost or valuation is not available arKI such information canrK)t be obtsined at a cost commensurate with the benefit to users of the accounts and to the parish. The Church Hall is attached to the Church building. As a result this buildirMJ is not recognised in the parish balance Str￿l The Rectory a￿$ Curate property are recognised at its original cost. No Depreciation has been provided on the properties as the current estimated residual value is not less than its carrying value and the remainirKJ useful life currenty exceeds 50 years. e) Funds Funds are classified as either restricted fUr￿s. unrestricted furKls or dedicated, 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 authorty or created through legal,. processes, but stsll wrthin the wider objects of the Parish. Unrestricted furKts are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eamarked at the discretion of the trustees for a particular purpose, they are deS￿nated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trL￿, discretion to appty the fvnd. Dedicated funds are exclusNely allocated to or intended for a particular purpose. Critic•1 •ccounting judgments •nd Mtimation un¢¢rt•inty Estimat8s and judgmonts made in the process of preparing the financial ststements are continually evaluated and are based on historical experience and other factors, indudiNJ expectsb.ons of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critKal jLKSgments made in applyirrfj the Parish's accounting policies or that there are uitical accounting estimates or assumptions which may have a s￿nIficant risk of causing a material adjustment to carrying amounts of assets and liabilrties wilhin the next financial yea &ryr4 •v•lq* U•b41 f• J•1 L7mJ IiJP4T Jvx nAW iii*J•J 3. Taxatlon St Michael's Parish Church. Belfast is re(x)gnised as a charlty for the purF￿￿ of applicable taxats.on legislab.on and is therefore not suty.ect to taxation on its charitable activities. Anatysis of staff costs, trustee remunerakn and expenses. 2023 £47,375.32 £42.671.58 Toial £47J75.32 £4671. The average number of employees during the year calculated on a head count basis. was as follows: ' Youth Workers employed through COILS. There are TKI employees in receipt of employee benefits in excess of £60.000. 5. Tangible fixgd assets f20.373.1)0 £3289.00 Curate's Hous• Offts Equi¢*rnrt Total É28,94100 There were no disposals as at 31 Decomt)or 2023. The cost of the rectory and th8 curate's house is stated at (xiginal cosL As noted in the accounting policies. the Church BuildirKJ and Church Hall are de￿ned to be herrtage assets and have not been induded in ￿ balance sheet total. 6. Anatysis of NetAssets Among Funds G•naral Rastrictgd Dasignatod £28,942.00 £67,635.76 £4.274.86. £67,635.76 £4,27&66 Total £28,942.00 £68.834.26 £97.776.26 Fixe(l Assets CurrentAssets. TOTAL: 4012.16 4912.16 The financial ststements were approved and authorised for issue by the Select V• on the 7th day of February two thousand and twenty three. &gned Honorary Treasurer 13