St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Statement of Finaneial Activities
For the year ended 31 December 2023
Unrestricted
funds
Restricted Endowment
funds
funds
Total
fundg
2023
Prior year
total funds
2022
Note
Income endowJDents from:
tk)nations and le¥dLies
InLome from charitsble activities
Other trading activities
Inv￿[MentS
Other income
Total Income
145.575
13,313
3.395
2.440
3.467
16&190
4.250
149.825
13.313
3.395
4,510
3.467
174,510
148.723
9.177
1.940
2.058
2,070
6.120
16.1,4.19
Eipendlthre on:
RaisinbTr liinds
Expendi￿re on charitable activities
Other expenditure
Tot*1 ¢xp¢ndi¢ure
7.519
162,163
1,546
171J28
7.519
162.163
1,560
171.242
3.724
140.71t I
2.486
14(991
10
14
14
et Income l (expendltvrel resourtrt before
tr#n•fer
(3,0381
6J06
3368
16,448
Transfers
Transfers between funds
Net iD¢omo I lexpenditurii) rwurccs before
other reco8nlsed gains 105ses
16
1296
1.972
3.208
1fi448
Other re¢ogDised g4ins I IDiie8
CJ#im% l {IoiDt*LsI ()n rL'valuation, lixed as8¢ts.
ch&rily's own use
Net movement In fundg
1.591
3J63
335
1,926
5.194
9.206
7242
1396
Reeon¢lll•tlon of fundi:
TotAI funds brought forward
16
137J26
497J.13
5,788
6411,847
633.605
Total fundg urrled fornArd
16
13&822
646.041
640J47
The statemeni of financial aclivtties includes all gains and losses recognised in the year.
All income and expenditurc derive from continuing activities.
'Page 9

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Balance sheet
As at 31 December 2023
Totsl funds
2023
Prior
ear funds
2022
Note
Flxed assets
Tangible fixed assets
Invesiments
14
15
404,610
71.4113
47S758
404,610
09,557
474167
CuTTent assets
Cash ai bank and in hand
233.736
233.736
235.W3
23&003
LIAbllltle8
Creditors.. Amounts fulling due in one year
17
5.(K)2
4.706
4,706
Net eurrent assets less curr¢tyt114bllltles
22&734
230397
Total *J8ets less ¢urr*nt Ilabllldes
704,492
LIAbllllleJ
Crcditors.. Amounts falling due after mor¢ than one year
17
58.786
58.786
63,617
6.1,617
TotAI tyel assets le81 Ilabllltles
041
RepregeDted by Ch*rlty Funds:
Endowment
Restricted
UnreslriLied
16
10
16
5,7811
497.533
137.526
501.096
1.38.822
FuDd8 of the £bur¢h
041
The notes on pages I I to 19 are an intcgral part of these financial statements.
The tinancial slatements were approved and authori8ed for issue by the Select Vesty on 20 March 2024.
Rcverend
Rector
am Johnslon,
id Peacock
Honorary Treasurer
'Page 10

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Notss to the financial ststements
Year ended 31 December 2023
I, General infonnation
St Mary'8 Parish Church, Comber register¢d as a Gharity with Thc Charity Commisfjion for N()rthern Ireland on 15 May 2022
(under the name 'Newtownards/Comber/St. Mary/Down & Dromorelchurch of Ireland.). Its principal place of business is The
Square, CoM￿r. Newtownards. County Down. BT23 5DU. The nature of the charity's operations and prAn¢ipal activiti￿ are
the advancement of religion.
Accounting Policies
The principal accouniing policie5 adopted. judgements and key sources ofestimation or uncertainty in the prepardtion of the
rinancial statements are as follows..
Basis of preparaiion
Th¢ financial 4tatemenls have be¢n prepared under the Charities Act (Northern Ireland) 2(K)8 in accordanc¢ with th¢
Charitics.. StatL'ment ol. R¢commL'ndLd PTacticc applicablL to ihuriljLS prLptarin¥ thLir a¢iounl% in 8LLOTdance with the
inancial Rcporting Standard appliLabl¢ in the UK and Republic of Ire1t￿d (Tr'RS 102) - Icharities SORP (bRS 102)). the
Trinancial Rcporting Siandurd appliLable in th¢ UK and Republic of Ireland (TrRS 102) and the Charities (Accounts
Reports) Regulations (Northern Ireland) 2015.
Si. Mary's Parish Church, Comkr meets the definition of a public benefit entity under FRS 102. A&set8 and liabilities are
initially recogyni8ed at historical c05t or transaction value unless otherwise slated in the relevant accounting policy nole(s).
The financial statements are presented in sterling which is ihe functional currency of the charity and rounded to the
nearest £ l.
b. B&8is of financial qtatemenls
The account8 have been prepared on a Receipts and Payments basis. which recogniscs transactlons and events only when
ash is received or paid.
Preparation of the accounts on a going concern ba81$
Thc Select Ve.stry, as the Trustee body ol. St Mary's Pari8h Church, Comher, has reviewed cashflow forecasL8 for the
coming ycar and are satisfied Ihal the Parish hAS rcsourccs lo provide a reasonable expectation that it can continue to
meel its financial obligations as they fall due for the fores¢eable future. Accordingly, these financial statements have been
prepared on a going concern basis.
Legacieg
Legdcies are included within Incotnc under ¢iiher unrestriLied or restricted fund5 according to th¢ tern)s under which the
donation is made and when the amount h&8 been received.
Tangible Fixed Assets
The tangible fixed assets of the Parish. retsined for ils own use, comprise:
Church Building Graveyard
Parochial Hall
Youth Hall
Glebe Cottage
RcctDry
The c.hurch Building and Grdveyard are deemed tn be Heritage assets as d¢fincd by the Charitics SORP (FRS 102).
These heritage assets are not included on the balance sheet as information on the cost or valuation is not available and
'Page I I

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Notes to the fujancial ststenlcnts (continued)
Year ended 31 December 2023
such inforniation cannot be obtain¢d at a cost commensurate with the benefit to the users of the accounts and to the
parish.
The parochial hall, youth hall and Gl¢b¢ Collagr W¢T¥ built prior to 1970. There are no reliable records ofihe cost ol this
construction and. integrdl lo th¢ Church building and grounds. a valudtion approaLh lacks SU￿lL1L￿t reliability. As a
resuli. these buildings are not recognised in the parish balance sheet. (Insurance values reconstruction ai £1,424.686
(2022= £1.262.181)).
The rectory is recognised at its original cost of awuisition.
f. FiA¢d Asset Invesmienis
Fixed asset investments comprise holdings in endowment and restricted fimds bequeathed ￿ the Parish. where the
underlying assets comprise liskd unil trusts and equity shares. These are stated at fair value at eaeh year end date.
Financial Instruments
The Parish only holds financial assets and finaiicial liabilities that qualify as basic financial instruments. Basic financial
inslNm¢nts arc initially recognised at transaction valuc and subscquently measured at their settlemenl amount.
Fund s1￿CtUre
Funds are classified as either r¢stri¢tcd funds, ¢ndowmenl funds or unrestrictcd funds. These classifications are defined as
follows:
(i) Reslricled funds are subjeth to specific requirements as to thetr usc which may be declarcd by the donur or wilh Ihcir
authority. or created through le¥al proL'e55e5, bul slill within the wider vbjeLls of Si Mary's Parish ChurLh, Cvtnber.
(li) Endowment funds are funds which have been given on the ¢ondilion that thL original capithl sum is nol rcduLd, bul
(h¢ inLom¢ Iheretrom is used tor the purpose detined in aicordance wilh the objects ot Si Mary's Parish Church.
Comber.
(iiil Unre¥triLted funds are expendahle nt the discrction of the Select Vestry in furtherAnLL of the objccts of Si Mary's
Parish ChurLh. Comber. If part8 of the unre51riLled funds arc earniarked at the discretion of thc SLILLI V¢stry for a
particular purpose, they are dc8ignated as a separate fund. This d¢si¥nation h&8 an administrative pury)ose only and
does noi legally restrict the Select Vestry's discretion to apply the fund.
3. Critical accounting judgement% and estimation uncertatnty
Estimates and judgments made in thc proce*% of pr¢paring the financial 8tst¢mcnts are Continually evaluatcd aiid are
bascd on historical cxperien¢¢ and oth¢r factor5, including expeclations of fuwre events that are believed to be
reasonable under the circumstances. The Select Vestry do not consider that there are any critical judgments made in
applying the Pari.sh'.% accnunling policies or that there arc any critical accounting cstimates or &ksumpts'ons which may
have a significant risk of causin8 a material adjustmcnt ¢0 carrying amounls ofassets and liabilities within the next
Iinanlial year.
'Page 12

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Notes to the financial statements {continued)
Year ended 31 December 2023
Anal Sis of income
Donations and legacies
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Weekly envelopes l FWO &
collections
Donations
General grants provided by oth¢r
charities
Gift Aid Tax recovered
105,734
5,707
105,734
5,707
106,176
18,235
4.250
4.250
34.134
149,825
34,134
145.575
24.312
148,7?3
4.?50
5. Charilable activities
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
Total
2023
2022
Fundraising
Subscriptions
Church hall leitings - charitable object
Graveyard income
5,750
5.750
2,059
7.063
500
7,063
500
6.558
560
13,313
13,313
9,177
6. Oiher trading aclivilies
Unrestricted
Funds
Reslricled
Funds
Endowment
Funds
Total
2023
Total
2022
Rent from land or buildings
Catering
1.565
1.830
3,395
1.565
1.830
3,395
1.940
1.940
7. Investmenl income
Unrestricted
Fund5
Restricted
Funds
Endowment
Funds
Tothl
Total
2023
2022
Bank intere5l
Dividends
1,643
797
349
1.721
1,992
2,518
52
2,006
2.440
2.070
4,510
2,058
'Pag¢ 13

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Noles to the financial stalemen(s (continued)
Year ended 31 December 2023
8. Oth¢r income
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Coronavirus Job Retention Scheme
grant
Energy bills relief scheme
Oiher
1.510
2.399
1,068
3,467
2.399
1,068
3.467
31
541
An81 sl$ of ex
endlture
Raising tunds
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
Totsl
Total
2023
2022
Int¢rL'St charge on loan
Fund raising co8t8
3,711
3,808
7,519
3.711
3,1108
7.519
2.059
1,666
3.724
l O. Charitable activities
Unrestricied
Funds
Restricted
Funds
Endowment
Fulldb
Totsl
2023
Total
2022
Wagcs and salaries
Diocesan assessment
Organist fee
Repairs & maintenance
Rates & water charges
Heal, light & power
T¢l¢phon¢, broadband and IT software
Insurance
84.925
16,527
8.325
3,003
401
15.183
.023
4.688
4.239
9.042
2,571
209
5.462
3.942
2.023
84,925
16.527
8.325
3.003
401
77.244
15,371
6,870
3,606
3.543
7,686
.597
4,658
4.055
15,183
1.623
4,688
4,239
9.042
2,571
209
5,462
3.942
2.023
Health and 5afcty costs
Pmfessional fees - Renovation Works
Charitable donations
Printing, postage and 5tation¢ry
Upkeep of ground5 and graveyard
OtTice & Other equipment
Other expenses
Preparing the rectory for fw5t
occupation
2.478
253
1.622
11.798
14n,781
162 163
162,163
'Page 14

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Notes to the fllJan¢ial statem¢nts (continued)
Year ended 31 December 2023
I l. Other Costs
Unrestrict¢d
Funds
Restricted
Funds
Endowment
Funds
Total
2023
Total
2022
Bank fee.s and Charges
Equipment repairs & renewals
IT]dependeni examiner's report
Payroll adminisiralion SLrvi¢es
Sundry expense
354
14
368
338
610
338
273
300
300
300
480
74
480
840
46.3
74
1.546
14
1.560
2.486
12. Analysis of siaff costs. Irustee remuneration and expenses, and the cost of key management personnel
Employ¢¢5
Total
Total
2023
2022
Cler8y Stipend and Allowances
Clergy penslons
Staff salaries
Sexton office allowance
Vit+iling & relief clergy
Social security costs
42,085
6,441
34.439
500
38.848
5,909
30,312
300
439
385
84,925
77.244
The averd¥e number ofemployees during the year. calculated on the basis of a head count. was as follows:
2023
2022
Ministerial staff
Admini.stration
There are no employees in receipt of benefits in excess of £60,000.
13. Key Management and Trustees
Key manag¢menl are deemed to comprise the Truslees and who represent the Select Vestry. No irustee or a person related to a
trustee had any personal interest in any contract or transaction entered into by St Mary's Parisb Church, Comber, during the
year.
'Page 15

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Notes to the financial statements (continued)
Year ended 31 December 2023
The Reverend Sam Johnston received the following remunerntlon as approv¢d by the General Synod and implemented by the
Select Vesty of St Mary's Parish Church. Comber:
Total
Tot21
2023
2022
Sttp¢nd
Locomotory expenses
Expcnscs allowance
Pension contribution - employer elemcnl
37.428
7.000
800
34,337
6,590
800
3,390
3.110
Th¢ parish did not pay any expenses relalinB lo the ￿ll￿1n8 Losts of the Rectory oc¢upied by the Rector.
14. Tan¥ibl¢ Fixed Assets
Land &
Buildings
Cost
At l January 2023
Additions
Disposals
At 31 Deccmbcr 2023
404.610
404.610
404610
404.610
15. Fixed Asset InvestmenL8
Fund to
which Ille
Current
valuc
Current
value
Dctails
belongs
2023
2022
Units held by the Northcrn Ircland Central Investment
Fund for Charities (managLd fund)
Investment
6.123
5.788
Gwen
Gracey
Johnston
Memorial
Trust
Investment portfolio (managed fund)
63,769
69.557
71.483
The Department for Communities hold unils in the Northern Ireland Central Investment Fund for Charilles as tru5tr¢ for four.
historic, donation&Q)equL'Sts, under which dividends ther¢on are paid to Si Mary's Parish Church for disburs¢mcnl by Selecl
Vesty to local charitable causes. St Mary's Parish Church is not enlitled to seek the capitsl from these donationslbequests.
The investtnent portfolio represents the capital account of the Gwen Gracey Johnston Memorial Trust and comprises holdings
in listed bonds and equities that are managed by an independent specialist 5erviLe provider. Si Mary's Parish Church is entltled
to seek the capital from this bequest, in accordance with th¢ objectives of the Trust Deed.
'Page 16

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Notes to the financial statements (continued)
Year ended 31 December 2023
16. Funds of ihe Parish
Gains
and
Losses
AtlJan
2023
Incoming
resources
Outgoing
resources
Ai31 Dec
Trdnsfers
Endowment fllnd#
Investment tund
335
6,123
6,123
5,788
335
Restrieted lunds
JltrÉ'n Gra('(')? Johnston
Memorial Tni.¥i Fund_ capilal
Given Gracek, Johnsio
M£'moriul Try.%1 FU￿d- inc'ume
Gwen Gracey Johnston
Memorial Trust Fund
Development Trund
Mona Grey Legacy Fund
Rectory Fund
Youth Fund
63.769
1.591
65,360
9,503
1,836
14
2.384
8.941
73.272
1,836
4.250
170
14
(2.384)
1.591
74.301
4.250
13,683
404.610
4.252
13.513
404.610
6,138
497,533
1.950
6.320
14
4.334
1,591
501,096
Unregtrieted f ndg
Cienerul Fund
64.267
146.678
150,274
4,946
65.617
Design¢lted funds:
Dcvelopmenl Fund
Chariiies Fund
Rcc¢or's Discretionary Fund
71.062
1.931
265
19.840
1.672
18.318
2.607
(1.063)
424
71,522
1,420
27
137,526
168.190
171228
1.18.822
646,041
Total funds
640,847
174510
171,242
1.926
Purpose of restricted funds
Mona Grey l£gdCy Fund
For the benefit of the youth in the Church and lo promote youth work. through
worship
To further the ministy in the parish
Cjwen (ifdcey Johnston Memorial
Trust Fund
Rectory Fund
Youth Fund
To fund the purchase of a new rectory
For youth related projects in the Pari.8h
Puq)ose of unreslric*d, includin¥ designated. funds
General Fund
For Ihe day to day running of the Church
For any major renovation or repairs necessary for the upkeep of the Church
and propety
For the scgregalion of charity collections pending disbursement to the relevant
charitable biKIy
The Rector's discretionary fund (previously known as the Parish Emergency
Fund) is available to pri)vidc support / immediate help to parishioners
Development Fund
Charities Fund
Rector's Discretionary Fund
'Page 17

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
Notes to the financial statements (continued)
Year ended 31 December 2023
17. Creditors
2023
2022
Bank loan:
AmounL8 falling due in one year
Amounts falling due aft¢r more than one year
5.002
4.706
58.786
63.617
68.323
On 19 November 2008 81 Mary's Parish Church, Comber rdised a bank loan of £250,(K)O to part fund thc major building works
comprising the Souih Transept. Repayments commenced on 31 D¢cember 2(M)il and will continuc until 30 Nov¢mbcr 2033.
The loan is unsecured and ¢arries interest al l O/¥ over base rate.
The bank loan is recorded within the pari%h's Development Fund.
18. Collections for Third Partics
2023
2022
Leprosy Mission
NeWtown￿dS Foodbank
Royal British Legion
Macmillan Cancer Support
Alzhcimer's Society in Nonhcrn
Ireland
930
783
332
326
332
651
Church Mission Swiety Ireland
The NF.T, Comber
Motor Neurone Disease Association
242
922
{Nl)
The Bishop's appeal
307
225
The collections for third parties wwe lodged to the Charities Fund Ind disbursed on approval by the Select Vesty.
19. Renovation Works
The following exp¢nditure has been incurred to date on the Bell Tower Renovation Works. and comprises architectural and
other prolc55Lonal scrvices:
Total
2023
Total
2022
Coljdition Report for the Bell Tower
Listed Building Conscnt from Historic Environment
Division and technical support on grant applications
Technical support on grant application work
5.622
900
'Page 18

St. Mary's Parish Church, Comber
Charity Number: NIC 102535
No*s to the financial sthtements (continued)
Year ended 31 December 2023
20. Taxation
St Mary'$ Parish Church, Comber is reCO￿Alsed as a charity for the purposes of applicabl¢ taxation legislation and is therefore
not subject to taxalion on its charitable activilies.
21. Retirement benefit schemes
St Mary's Parish Church. Comber operates a defined contribution scheme. the Church of Ireland Clergy Pension Fund. for the
Rector and other qualifying ststTare enrolled into the government's National Employment Savings Trust (NEST) workplace
pension scheme. The a55ets of the schemes are held separately fft)m those of the Parish in an independcntly administered fund.
'Page 19