Charlty registratlon nurnr NIC102536 HOLY TRINITY DRUMBO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
HOLY TRINITY DRUMBO LEGAL AND ADMINISTRATIVE INFORMATION Rector Rev M Jamison Trustsès Mrs S Frew Mr J Green Mr L Bole$ Mrs M Dodds MrT Greer Mrs A Weatherall MS H Gallagher Mr M Douglas Mrs J Cathright Mrs W Jackson Mr C Mulholland Mr T Mcmurray Mrs L Bell Mrs V Gray Mr R Davis Mr G Mccartney (Appointed 13 March 2023) (Appolnted 28 March 2022) (Appointed 28 Marth 2022) (Appointed 13 March 2023) Charfty number NIC102536 Prfnclpal offlce 107 88llylesson Road Ballylesson Belfast BT8 8JT Independent •xamlner Harbinson Mulholland Centrepoint 24 Ormèau Avenue Belf88t Co. Antrim Northem Ireland BT2 8HS
HOLY TRINITY DRUMBO CONTENTS Page Trustees, report Ind8pend8nt examinerfs report Statement of financlal activitles statement of financial position Notes to the financial statements 7-13
HOLY TRINITY DRUMBO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees present their annu81 report and financial statements for the year ended 31 December 2022. The financial statements have been prepared in accordance with th6 accountlng policies set out in note 1 to the financial statements and comply wilh the charity's goveming document, the Charities Act (NI> 2008 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordan¢e with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (effeclive 1 January 2019). ObJectlve8 and •ctlvlti•• Our wsion is to continue to be 8 loving, 8ccepting lellowship of believers who passionately worship God and reach out to the community in a relevant way. We aim lo become the wmmunity 'hub' in Ballylesson. We exist to bring glory to God 8nd to se8 everyon& become faithfvl followers of Jesus Christ. The trustees have paid due regard to guidance Issued by the Charlty Commission In deadlng what activities the charity should undertake. Public Benefit Statsment The trustees confimi that they have had due regard for the guidance produced on public benefit by Ihe Charity Commission for Northern Ireland and are pleased lo report that during the period the charitable company has continued to provide public benefits through the programmes and seniices we offer, Achievements and perfomance th the easing of Pandemic Restrictions in the latt6Y part of 2021, we have retumed to a new nomialily in church. We have also increased our Sunday services by making our 9.30am a weekly service. As a result we have seen an increase of attendance at this seniice. Our 11am congregation has also continued to grow. Our once a month evening Worship service has also grown. Our Online Streaming has continued as we have viewers still froffl all over the wortd. As you can see from our hall income, the activities have enjoyed a full year back in the communlty. With thè departure of Pastoral Assistant Jack Wilson at the end of 2021 we welcomed our full-time Communily Pastor Ryan Hawk in May 2022. This is a full-time role with a number of new community initiative5 under way. We are currently exploring how we can adapt our hall to best serve the needs of our community. The past year has been a busy one, 8 year in which we, as a church, celebrated the Queen's Jubilee and sadly her death. A year when we saw an Increase in our Inttime and an in(Yea5e in membership. We have also been able to raise funds for groups outside of the church Ihrough fundraising events. We made significant donations to Air Ambulance Nl and Lisburn Foodbank. The church also CtInueS to 5UPPOrt the Foodbank through weekly donations of foodstuffs. The Christrnas season had record numbers attending each of the services.
HOLYTRINITY DRUMBO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Finanelal review The Church's on-going income grew on last year with a net increase in funds of £8,265. It is belièved that adequate funds have b8en reserved for future periods. Structure, governance and management Holy Trinity follows a stsndard Church of Ireland slructure at the parish level managed by a Select Vestry which is chaired by the Reclor of the church. The Selecl Veslry is elected on a yearly basis at the Easter General Vestry at which all church members who are registered as vestrymen may vote or be appointed. The Select Vestry is responsible for the day to day decision making in respect to Parish income and expenditure, employment, provision of infrastructure to support worship and ministry and management and maintenance of parish property, lands and graveyards. An inter-related system joining the Central, diocesan and P8Tish provides additional assistance and sharing of expertise across the structures of the churth as well as achieving a consistent manner of dealing wlth188ues. The trustees tho sepied during the yeai and up to the date of signature of the financlal staternents were.. Mrs S Frew Mr L Frew Mr J Green Mr L Bole8 Mrs M Dodds MrT Greer Mr B Walker Mr M Corney Mrs A Weatherall Ms H Gallagher Mr M Douglas Mrs J CarVNright Mrs W Jackson Mr C Mulholland MrT Mcmurray Mrs L Bell Mrs V Gray Mr R Davls Mr G Mccartney (Resigned 28 March 2022) (Appointed 13 Mardi 2023) (Resigned 13 Marth 2023) (Resigned 13 March 2023) (Appointed 28 March 2022) (Appointed 28 March 2022) (Appointed 13 March 2023)
HOLY TRINITY DRUMBO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Statement of trusteg5' ro•pon•lbilltl88 The truste8s arB r84ulred lo prepare the Annual Report and finandal slalement5 for eath flnanclal year, whlch grve a ttue and fair view of the state of th8 affairs arKI of the surplus or deficit of the Church for Ihai year and have been prepared in acLX)rdance wlth United Kingdom Generally Accepted Accounting Practice. In preparfng these thé Select Vesty are required io.. - seleot Suilable accounting poSicles and apply them consistently., make judgements and 8Stlmates that aré reasonable and prudent., prepare the financlal statemen1$ on the gong ryJncern basis unl988 tt is Inappropdate to presume that the church will contlnu8 In business. The trustees ar8 re8ponslbl8 for k88plng proper 8CC>)unllng re(xJrds, which disclose with reasonabl8 acujracy at any time the financlal position of the Church. They ar8 also re8ponsSbla for safèguarding the assets of the Church and hence for tang reasonable steps for the prèventlon and detection of fraud and other irr8gularftle& The trustees, report was approved by ltr 8oard of Trustees. amison Trustee Dated.. r J Green Trustee Dated.. Mg H Gallagher Trustee Dated.. fs> Mr M Dougla Trustee Dated.. Mr C Mulholland Trustee Dated.. Tri¢J f
HOLY TRINITY DRUMBO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY DRUMBO We report to the trustees on our examination of the financial statements of Holy Trinity Drumbo (thè tharty) for the year ended 31 December 2022. Rosponsibilities and basls of raport As the truste8JS of the charity you are responsibl8 for the preparation of the financial statements and you have considered the audit requirement of Section 65(3) of the Charities Act (Nl) 2008 (the Act). Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to: examin8 the accounts under section 65 of the Charities Act (Northern Ireland) 2008., follow the procedures laid down in the general Diredions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities AGt', State whether particuler matters have come to our attentlon. Independent examlnorf8 •tstsment We have examined your charity accounts as required under Section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(91{b) of the Charities Act. The examination included a Teview of the accounting records kept by the charity and a compari50n of the accounts presented with those records. It also included consideration of any unusual items or di8dosures in the accounts, and seeking explanations from you as tharity trustees concerning any such matters. Our role is to state whether any mat8rial matters have come to our attention giving us cause to believe: That accounting records were not kept in respect of the charity as rèquired by section 130 of the 2011 Act; thè financial statements do nol accord with those records; or That the financial slatements do not comply with the accounting requirements of $8ctlon 396 of the Companies Act 2006 and with the m8lhods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their acLounts In accordanc8 wlth the Financial Reporting Standard applicabl8 in the UK and Républic of Ireland. That there 1$ further information needed for a proper understandlng of the accounts to be reached. We have completed our examination and have no concems in respect of the matters111 to {4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, we have found no matters thal require drawing to your attention. wdkcu Hafbinson Mulholland Chartered Accountants Centrepoint 24 Orffleau Avenue B81fast Co. Antriffl BT2 8HS Northern Ireland Dated: .
HOLYTRINITY DRUMBO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted Restrlcted funds funds 2Q22 2022 Total Unrestrlcted Restrlcted funds funds 2021 2021 Total 2022 2021 Nots• Income from: Donations and legacies Charitable activities Other tf8ding adivitie$ Investments 83,549 31,835 7,432 10,705 90,981 42,540 83,268 21,740 6,984 10,582 90,252 32,322 1,813 8,189 5.289 7,102 8,189 4,413 3,141 4.413 4.787 1,646 Totsl Income 125,386 23,426 148,812 106.654 25.120 131,774 enditure on: Charitsble activltie8 114,303 26,244 140.547 108,374 13,362 121,736 Net Incomel{expendltura) for the yearl Nèt movament in funds 11,083 (2,818) 8,265 {1,720) 11.758 10,038 Fund balances at 1 January 2022 55,070 68,228 123,298 66,790 56,470 113,260 Fund lanCeS at 31 December 2022 66,153 65,410 131,563 55,070 68,228 123,298 The statement of finanaal activlties includes all gains and losses recognised In the year. All income and expendlture derive from continuing activlties.
HOLY TRINITY DRUMBO STATEMENT OF FINANCIAL posrrioN AS AT 31 DEGEMBER 2022 2022 2021 Notes Current aggets Debtors Investments Cash at bank and In hand 12 13 17,964 10.682 110,122 20,509 10,682 102,191 138,788 133,382 Credltorn: amounts f•lllng du• wlthln one year 14 (7,207> {10,082) Not current 88sel$ 131,561 123,3CK) Incomo furKIs Restrlcted funds Unrestricted fvnds 16 65.410 86.153 68.228 55.070 131,563 123.298 The financlal statam8nts wer8 approved by the Truslee8 on .. Jamison Trusts• MrJ Green Tru8100 Ms H Gallagher Trugtse Mr M Douglas Trustse Mr C Mulholland Trustee
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Aceounting policies Charity information The charity is a public benefft enlity and a registered tharity in Northern Ireland and is unincorporated. The address of the principal office is Ballylesson Road, Belfast, BT8 8JU, Northern Ireland. 1.1 Accounting convéntion The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended PracticE applicab lo charlties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10.1) (effective 1 January 2019)" The charty is a Public Benefit Entlty as defined by FRS 102. The charity has taken advantag8 of the provisions in the SORP for charltles applylng FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flow8. The finandal slatements have departed from the Charities (Ac¢ounls and Reports) Regulations 2008 only to the extent Tequlred to provide a true and fair view. This departure has involved following the Statement of Recommended Praclice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is ref8rred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, vthich is the functional currency of the charity. Monetary &m(nts in these financial stslements are rounded to the nearest £. The financial statement8 have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain finanaal instruments at fair value. The principal accounting poliaes adopted are set out below. 1.2 Going concern At the time of approving the financial statements, Ihe trustees have a reasonable expectalion that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern b8sis of accounting in preparing the financial slatemenls. 1.3 Charitable funds Unrestricted funds are available for use at the dlscretion of the trustees in furtherance of their charitable objectives. Restricted funds are subjecl to speafic conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the note5 to the financial statements. Endowment funds are subject to specific conditions by donors that the capitsl must be maintained by the Charity. 1A Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be rneasured reliably, and it is probalje that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the tharity has been nolffied of the donation, unless performance conditions require deferral of the amounl. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenanl is recognised at the time of Ihe donation. Legacies are recognised on receipt or otheiSe if the charity has been notified of an impending dislribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as contingent asset.
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting pollcies (Continued) 1.5 Expendfture Liabilities are recognised as expenditurè as soon as there is a legal or construclive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including unrestricted costs and restricted costs are allocated or apportioned ts the applicable expenditure headings, 1.6 Ca•h and cash equlvalents Cash and ¢ash equivalents include cash in hand, deposits held at Gall with banks, other short-term liquid investments with original maturities of thre8 months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.7 Finanelal Instruments The charity has elected to apply the provislons of Sedion 11 'Basic Financlal Instrument8, and Section 12 'other Financial Instrurnenls Issues, of FRS 102 to all of its financial in8trum8nt8. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset and settle Ihe liability simultaneously. Baslc flnancial assets Basic financial assets, which includ8 debtors and cash and bank balances, are initially measured at transaction pri induding transaclion costs and are subsequently carried at amortised cost using the effective intwest method unless the arrangement constitules a financing transaction, where the transaction is measured at the present value of the fulure receipts dit&icounled at a rnarket rale of interesl. Financial assets classrfied 8s r8celvable within on8 year are not amortised. 8aslc ffnanclal Ilabllldes Basic financial liabilities, including creditor$ and bank loans are initially recognised at Irans8Ction price unless the arrangement constitutes a finanung transaction, where the debt instrument Is measured at the present value of future paymenls discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt Instruments are subsequently caffled at amortised cost, using the effective interest rate method. Trade creditor5 are obligations lo pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presenled as non-currenl liabilities. Trade credilors are re¢ognised Initially at transaction price and subsequenlSy measured at amorti5ed cost using Ihe effective interest method. Derecognltion of flnancial liabilitles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.8 Employee benefits The cost of any unused holiday entitlem8nt is recognised in the period in which the employee's services are reived. Temiination benefits are recognised immediately as an expense vthen the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits.
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollcles (Continued) 1.9 Retlrement benefits Payments to defined contribution retiremenl benefit schemes are charged as an expensè as they fall due. Crltical accounting estimates and Judgèments In the appllcallon of the charity's accounting policies, the trustees are reqLSired to make judgements, estimates and assumption5 about the carrying amount of assets 8nd liabililies that are not readily apparent from other sOUrs. The estimates and associated assumptions aiE based on historical experience and other f8Ctors that are considered to be relevant. Actual results may differ from these estimates, The estimates and underlylng assumptions are revlewed on an ongoing basis. Revisions to awunling estimates are recognised in the period in which the estimate is revised where the revision affects only Ihal period, or In the period of the revision and future period8 where the revision affects both current and future periods. Donations and legacie• Unre8tricted Restrlctsd funds funds Total Llnrestricted Re8tr1ctad funds funds Total 2022 2022 2022 2021 2021 2021 Donations and gifts 83,549 7,432 90,981 83,268 6,984 90,252 Donation8 and gifts Weekly envelopes Other general donations Standing orders Loose plate collections Gift aid tax recov8red regular givlng Parish development fund Illuminate donations 25,403 3,140 28,543 29,605 4,029 33,634 7,208 36,770 2,902 1,390 10,110 38,160 7,109 30,070 1,180 8,289 30,070 4,490 4,490 2,518 2,518 9,878 9,678 12,468 12,466 1,500 500 1,275 2,000 1.275 83.549 7.432 90,981 83,288 6.984 90,252
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charitable activitieg Charltsble Charitable actlvltles actlvltle8 2022 2021 Graveyard income 42,540 32.322 Analysis by fund Unrestricted fund8 Restricted funds 31,835 10,705 21,740 10,582 42,540 32,322 Other tradlng activlt188 Unrastrlcted Re8trlcted fund8 funds Total Restrlcted funds 2022 2022 2022 2021 Fundraising events Youth income 1,813 3,243 2,046 5,056 2,048 555 3,858 Other trading activities 1,813 5,289 7,102 4,413 Inve•tments Unr••trlctsd Unrn8trlcted Re8trlct•d funds funds funds T¢>t•l 2022 2021 2021 2021 Rental income Income from listed investments Rent from Sands and buildings Interést receivable 5,494 1,907 500 288 3,141 3,141 897 500 249 897 500 249 8,189 1,646 3,141 4,787 10-
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charltabla activities 2022 2021 Staff costs Youth costs Staff training Charitable donallon8 Diocese fees 72,452 2,717 393 74,072 4,946 126 430 12,039 13.429 93,467 91,184 Share of support costs (see note 8) Share of governance costs (see note 8) 45,972 1.109 27,952 2,601 140.547 121,738 Analys18 by fund Unrestricted fund8 Restricted funds 114,303 26,244 108,374 13,362 140,547 121,738 Support Costs Support Governance ¢08ts eo•ts 2022Support cost8 Governance costs 2021 Wages & $818rfes Rates & water Light & heat Repairs & maintenance Insurancè Printing & ststionery Legal & professional Telephone Sundry 2,000 2,737 7,087 15.142 2,959 1,089 1,800 854 12,304 2,000 2,737 7,087 15,142 2,959 1,089 1,800 854 12,304 2.000 212 6,948 10,543 2,673 1,e40 2,lJ)O 212 6,948 10,543 2,673 1,640 1,175 2,780 1,175 2.760 Accountanw fe8S Bank fees 758 351 758 351 2,265 336 2,265 336 45.972 1,109 47,081 27,952 2,601 30,553 Anaty5ed betW8èn Charitable activities 45.972 1,109 47,081 27,952 2,601 30,553 11
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Trusta•8 None of the trustees (or any persons connected with them) received any remuneration OT beneffts from thè tharity during the year. 10 Employaes The average monthly number of employees during the year was.. 2022 Number 2021 Number Employment costs 2022 2021 Wages and salarie8 Other pension costs 71,083 3,369 72,464 3,608 74,452 76,172 The were no employees whose annual remuneration was £60,OCKI or more. 11 Taxatlon The tharity is exempt from tax on income and galns falling withln section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 lo the extent that these are applied to its charit8ble objects. 12 Dèbtors 2022 2021 Amount• f4111ng due wlthin ¢n• year: Other debtors Prepayments and accrued income 3,872 14,092 4,585 15,925 17,964 20,510 13 Currnnt asset investment8 2022 2021 Unlisted investments 10.682 10,682 Investrnents are held at historical cosL At 31 December 2022 the investments had a market value of £20,781. 12-
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 14 crlt018. amounts falllng due within one year 2022 2021 Other taxation and soual security Other créditors Awuals and deferred income 2,035 259 4,913 3,566 103 6,413 7,207 10,082 15 Rotirem•nt bon8flt schem•• Defined contrlbutlon scheme• The charity operates a defined contribution pension scheme for all qualifying ernployees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profit or Ios8 in respect of defined contribution scheme8 was £3,369 (2021- £3,608). 16 RtrIcted lund8 The income funds of the charty include restricted funds comprising the following unexpended balanc88 of donations and grants held on trust for specific purpose8: Movement In funds Ineomlng R••oure•• Blllanc• at r•sourc•• •¥p&nd•d 31 D•c•mb•r 2022 l January 2022 Holy Trinlty Orumbo Restrictèd Fund 68,228 23,428 126,244) 65,410 17 Analysi• of not a8Sets betw•èn funds Unrestricted RtrIctOd funds fund3 2022 2022 Totsl Unrestricted Ro8trlcted fundg funds 2021 2021 Total 2022 2021 Fund balances at 31 December 2022 are represented by: Current assetsllliabilities) 66,153 65,410 131,562 55,069 68,228 123,298 66.153 65.410 131,562 55,069 68,228 123,298 18 Related party transactions There were no disclosable related party transactions during the year {2021 none). 13-