Charlty registration number NIC102S36 HOLY TRINITY DRUMBO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
HOLY TRINITY DRUMBO LEGAL AND ADMINISTRATIVE INFORMATION Rector Rev M Jamison Trustees Mrs S Frew Mr J Green Mr L Boles Mrs M Dodds Mr T Greer Mrs A Weatherall Ms H Gallagher Mr M Douglas Mrs J Carlwright Mrs W Jackson Mr T Mcmurray Mrs L Bell Mrs V Gray Mr R Davis Mr G Mccartney Ms Phyllis Lyske (Appointed 13 March 2023) (Appointed 13 March 2023) {Appoint8d 15 April 2024) Charity number NIC102536 Prfncipal offlce 107 Ballylesson Road Ballylesson Belfast BT8 8JT Independent examlner Harbinson Mulholland Centrepoint 24 Ormeau Avenue Belfast Co. Antrlm Northern Ireland BT2 8HS
HOLYTRINITY DRUMBO CONTENTS Paga Twstees, port Ind8P8ndent examinels report Statement of financlal actlvities Statement of financial position Notes to the financial statements 7-14
HOLY TRINITY DRUMBO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial ststements for the year end8d 31 D8C8mber 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to th8 financial statements and comply with the charity's goveming document, the Charities Act (Nl) 2008 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). ObJectlve8 and a¢tivltle8 Our vision is to conNnue to be a loving, accepting fellowshlp of beli8vers who passionately worshlp God and reach out to the community in a relevant W8y. We aim to beC0n the community 'hub' in B811ylesson. We exist to bring glory io God 8nd to S88 everyone become falthful followers of J8sus Christ. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activlties the charity should undertake. Publlc Beneflt Statement The trustees confirm Ihat they have had due regard for the guidance prodUd on public benefit by the Charity Commission for Northern Ireland and are pleased to report that during the period the charitable company has continued to provide public benefits through the programmes and services we offer. Achlevements and perfomiance 2023 was another busy year of incr8ased activities for the community. We celebrated the King's Coronation and had a busy East8r and Christmas season. We also saw an increase of voluntary staff. Pastor lan Dickson was given permission to preach. Mrs Janice Beattie completed a Parish reader course and we also had a placement student from Belfast bible college assisting our Community Pastor with youth work. As a result of these activities and appointments we have had another year of growth In numbers and finance. The growth in finance can be attributed to increased attendance and to a bequest at the start of the year. The church also continued to support the local foodbank and other local Charities. The churth 'complex' has contlnued to grow as a community hub wlth Increased activities for all ag8 groups. Our youth clubs continue to be popular with the local families. A 'warm room, Tuesday morning Drop-ln for the elderly has been a big success. In the future we hope lo build on this success and as a result appointed Bradley Mcclure Architecis and set up a focus group to plan an extension to our halls. A grant from Mind Matters also facilitated our 'Headspace' project. This was an Art based class to help encourage people to talk about their mental health. This was attended by adults and children. Our investment in and updating of the church. hall and graveyard has again continued this year. An extension to our graveyard is also currently wilh the planning authorities.
HOLYTRINITY DRUMBO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Financial review The Church's on-going income grew on last yearwith a net increase in funds of £283,985. It is believed that adequate funds have been reseed for future periods. Stru¢ture. governance and management Holy Trinity Ballylesson follows a standard Church of Ireland structure at the parish level managed by a Select Vestry which is chaired by the Rector of the Church. The Seled Vestry is elected on a yearly basis al the Easter General Vestry at which all church mèmbers who are registered as vestrym8n may vote or be appointed. Th8 Select Vestry is responsible for the day-to-day decision making in respect to Parish income and expenditure, employment, provision of infrastructure lo support worship and ministry and management and maintenance of parish property. lands and graveyards. An inter-related system joining the central. diocesan and parish provides additional assistanc8 and sharing of exp8rtise across the Structures of the church as well as achieving a consistent manner of dealing with issues. The trustees who served during the year and up to the date of signature of the financlal statements were.. Mrs S Frew Mr J Green Mr L Boles Mrs M Dodds MrT Greer Mr B Walker Mr M Corney Mrs A Weatherall Ms H Gallagher Mr M Douglas Mrs J Caright Mrs WJackson Mr C Mulholland Mr T Mcmurray Mrs L Bell Mrs V Gray Mr R Davis Mr G Mccartney Ms Phyllis Lyske (Appoint8d 13 March 2023) (Resigned 13 March 2023) (Resigned 13 March 2023) (Resigned 15 April 2024) (Appointed 13 March 2023) {Appointed 15 April 2024)
HOLYTRINITY DRUMBO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of trustees. responsibilities The trustees are required to prepare the Annual Report and financial statements for each financial year, which give a true and fair vi8w of the state of the affairs and of the surplus or deficit of the Church for that year and have been prepared in accordance with United Kingdom Generally Accepted Accounting Practice. In preparing these the Select Vesty are required to.. - select suitable accounting policies and apply them consistently: make judgements and ostimates that are reasonable and pmd8nt', prepare the financial statements on the going concern basis unless It is inappropriate to presume that the church will continue in buslness. The trustees are responsible for keeping proper accounting records. which disclose wSth reasonable accuracy at any time the financial position of the Church. They are also responsible for safeguarding Ihe assets of the Church and hence for taking reasonable Steps for the prevention and detection of fraud and olher irregularities. The trustees, report was approved by the Board of Trustees. mi Ms H Gallaghe Trustee Truste Dated.. Mr J Green Trustee Mr T Greer Trustee
HOLYTRINITY DRUMBO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY DRUMBO W8 report to the trustees on Dur examination of the financial statements of Holy Trinity Drumbo (the charlty) for the year ended 31 December 2023. Rosponsibilltles and basis of report As the trustees of the charity you are Tesponsible for the preparation of the financial statements and you have considered the audit requirement of Section 65{3) of the Charities Act {NII 2008 (Ihe Act). Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examinats'on, it is our responsibility to.. examine the accounts under s8Ction 65 of the Charities Act (Northern Ireland) 2008., follow the procedures laid down in the gen6ral Directions given by the Charity Commission for Northern Ireland under section 65{9){b) of the Charities Act., state whether particular matters have come to our attention. Indepondent examlnerfs statement We have examined your charity accounts as required under Section 85 of the Charities Act and our examination was carried out in accordance with the g8neral 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 charily and a comparison of the a¢count5 presented with those records. It also included consideration of any unusual it8ms or disclosures in the accounts. and seeking 8xplanations from you as charity twstees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us cause to believe: That accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act., or the financial statements do not accoid with those records,- or That the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practic8 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. That there Is fvrther information needed for a proper understanding of the accounts to be reached. We have completed our examination and have no concerns in r8spect of the matters {1) to (4} listed above and, in connection with following the Directions of the Charity Comrnission for Northern Ireland, we have found no matters that require drawing to your attention. Harbinson Mulholland Chartered Accountants Centrepoint 24 Ormeau Avenue Belfast Co. Antrim BT2 8HS Northem Ireland 2811012024 Dated:
HOLY TRINITY DRUMBO STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Restricted funds funds 2023 2023 Totsl Unrestrictsd Restricted funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitable activities Other trading activities Investments 127,669 28,245 2,828 9,987 262,683 10,630 2,907 390,352 38,875 5,735 9,987 83,549 31,835 1,813 8,189 7,432 10,705 5,289 90,981 42.540 7,102 8,189 Total income 168,729 276,220 444,949 125,386 23,426 148,812 Expendlture on: Charitable activities 141.381 19,583 160.964 114,303 26,244 140,547 Total expenditurn 141,381 19,583 160,984 114,303 26,244 140,547 Net Income and movement In funds 27,348 256,637 283,985 11,083 (2,818) 8,265 Reconciliatlon of funds: Fund balances at 1 January 2023 66,153 65,410 131,563 55,070 68,228 123,298 Fund balance8 at 31 December 2023 93,501 322,047 415,548 68.153 85,410 131,563 The statement of financlal actlvitles includes all gains and losse$ recognised in the year. All income and expendlture derive from continuing activities.
HOLYTRINITY DRUMBO STATEMENT OF FINANCIAL POSITION ASAT31 DECEMBER 2023 2023 2022 Notes Current assets Debtors Investments Cash at bank and in hand 12 13 55,159 10,322 358,666 17,964 10,682 110,124 424,147 138,770 Credltors: amounts falling due within one year 14 (8,600) {7,207) Net current assets 415,547 131,563 Income funds Restricted funds Unr6stricted funds 16 322,047 93,501 65,410 66,153 415,548 131,563 The financial stalements were approved by the Trustees on Rev Jamison Trustee Ms H Galla Trustee r J Green Trustee Mr T Greer Trustee
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢ounting pollcles Charity information The charity is a public benefit entity and a registered charity in Northem Ireland and is unincorporated. The address of the principal Offi is Baltylesson Road, Belfast, BT8 8JU, Northem Ireland. 1.1 Accounting convention The financial statements have been prepared in a¢¢ordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities." Statement of Recommended Practi applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The charity is a Public Benefit Entlty as defined by FRS 102. The charity has taken advantag8 of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Re¢omrnended Practick for charit18s applying FRS 102 rather than the version of the Statement of Recomrnended Practice which is referred to in the Regulations but which has since b8en withdrawn. The financial statem8nts are prepared in sterling, which is th8 fundional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable 8xpe¢tation that the charity has adequate reSoUrS to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going Conrn basis of accounting in preparing the financial ststements. 1.3 Charltable fund8 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charltable objectives. Reslri¢ted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out In the notes to the financlal ststements. Endowment funds are subject to specific conditions by donors that the Capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to tt after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the charity ha5 been notified of the donation, unless p8rfom)ance conditions require deferral of the amount. Income tax recoverable in relation to donation5 received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheNéise if the charity has been notified of an impending distribution. the amount is known, and reIpl is expected. If the amount is not known, the legacy is treated as a contingent asset.
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 1.5 Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that sattlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All èxpenses including unrestricted costs and restricted costs are allocated or apportioned to the applicable expenditure headings. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash In hand, depostts held at call with banks, other short-term liquid investments with original maturities of three monlhs or18ss, and bank overdrafts. Bank overdrafts are shown within borrowings In current liabilities. 1.7 Financial instruments The charity has elected to apply the provisions of Section 11 'Baslc Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised In the charity's balance sheet when the charlty becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial stalemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or to realise the ass8t and s8ttle the liability simultaneously. Baslc financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequantly carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured al the present value of the future receipts discounted at a markel rate of interest. Financial assets classified as receivable within one year are not amortised. Basic finanelal Ilabllltles Basic financial liabilities, indudlng creditors and bank loans are initially recognised at transaction pri unless the arrangement constitutes a financing transaction, where the debl instrument is measured al the present value of the future payments discounted at a market rate of inte$1. Flnancial liabiliti8s classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective int8rest rate method. Trade creditors are obligations to pay for goods or serViS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities rf payment is due within one year or less. If not. they are presenled as non-current liabilitie5. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabllities Financial liabilities are derecognised when the charity's contractual obligations expire or are diharged or canc811ed. 1.8 Employee benefits The cost of any unused holiday entitlement is r8cognised in the period in which the 8mployee's ServIS are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination beneffts.
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policle8 IContinu8d) 1.9 Retlroment benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical accountlng estimates and Judgements In the application of the charity's accounling policies, the trustees are required to make judgements, 8Stimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other SoUrs. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual r8sulls may differ from these estifnates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the P8ri¢xI in which the estimate is revised wher8 the revision affects only that period, or in the period of the revision and fLrture periods where thè revision affects bolh current and future periods. Donatlon8 and logacles Unrestrlcted Re8trl¢ted fund8 funds Totsl Unrestrlct•d Restrlcted fund8 funds Totsl 2023 2023 2023 2022 2022 2022 Donations and gifts Legacies receivable 127,669 12,683 250,000 140,352 250,000 83,549 7.432 90,981 127,669 262,683 390,352 83,549 7,432 90,981 Donatlons and gifts Weekly envelope5 Other general donations standing orders Loose plate collections Gift aid tax recovered regular giving Illuminate donations 25,639 5,079 30,718 25,403 3,140 28,543 4,537 41.185 800 5.337 41,185 7,208 36,770 2,902 1,390 10,110 38.160 8,814 8,814 4,490 4,490 47,494 4,669 2,135 52,163 2,135 9,678 9,678 127,669 12,683 140,352 83,549 7,432 90,981
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activities Unrestricted Restricted funds funds 2023 2023 Total Unrestrictsd Restricted funds funds 2022 2022 Total 2023 2022 Charftable actlvltlos Graveyard incom8 28,245 10,630 38,875 31,835 10,705 42,540 Income from other tradlng a¢tlvltle8 Unrestricted Restrlctsd funds funds 2023 2023 Total Unre5tri¢tsd Restrictgd fund5 funds 2022 2022 Total 2023 2022 Fundraising 8vents Youth income 2,828 1.795 1,112 4,623 1.112 1,813 3,243 2,046 5,056 2,046 Other trading activities 2,828 2.907 5,735 1,813 5,289 7,102 Inve8tm8nts Unrestrlcted Unrostrictsd funds funds 2023 2022 Church Hall Income Income from listed investments Rent from lands and buildings Interest receivable 4,134 906 700 4,247 5,494 1,907 500 288 9,987 8,189 10-
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expenditure on charitable acthilties Charltable actlvities 2023 Charitable actlvltles 2022 Direct costs Staff costs Youth costs Staff training Charitable donatlons Diocese fees 82,594 2,774 72,452 2,717 393 4,475 13,429 4,850 13,981 104,199 93,466 Share of 8UPPOrt and govoman¢• co8ts18g0 note 8) Support Govemance 51,501 5,264 45,972 1,109 160,4 140.547 Analys18 by fund Unrestricted funds Restricted funds 141,381 19,583 114,303 26,244 160,964 140,547 11
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs Support Governance costs costs 2023Support costs Governance costs 2022 Wages & salaries Rates & water Light & heat Repairs & maint8nanc8 Insurance Printing & stationery Legal & professional Telephone Sundry 2,000 1,956 9,107 15,465 3,201 1.616 2,550 928 14,677 2,000 1,956 9,107 15,465 3,201 1,616 2,550 928 14,877 2,000 2,737 7,087 15,142 2,959 1,089 1,800 854 12,305 2,000 2,737 7,087 15,142 2,959 1,089 1,800 854 12,305 Accountancy fees Bank fees 4,878 388 4,878 386 758 351 758 351 51,500 5,264 56,764 45,974 1,109 47,083 Analysed beeen Charitable activities 51,501 5,264 56,765 45,972 1,109 47,081 Trustees None of the trustees (or any parsons Connected wlth them) received any remuneration 01 benefits from the charity during the year. 10 Employ009 The average monthly number of employees during the year was.. 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries Social security costs Other pension costs 77,312 3,892 3,390 64,122 6,961 3.369 84,594 74,552 There were no employees whose annual remuneration was £60,000 or more. 12-
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEAIBER 2023 11 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Ad 1992 to the extent that these are applied to its charitable objects. 12 Debtor8 2023 2022 Amounts falling due within one yoar: Other debtors Prepayments and accrued income 2,373 52,786 3,873 14,092 55,159 17,965 13 Current a8••t investments 2023 2022 Listed Investments 10,322 10,682 Investments are held at historical cost. At 31 Dember 2023 the investments had a market value of £21,228. 14 Credltors: amounts falling due within one year 2023 2022 Other taxation and social securfty Other creditors Accruals and deferred income 1,789 2,035 259 4,913 8,811 8,600 7,207 15 Retlrement benefit schemes 2023 2022 Defined contrlbution schemes Charge to profit or loss in respect of defined contribution schemes 3,390 3.369 The L*arity operates a defined contribution pension scheme for all qualifying employees. The assets of the stheme are held separately from those of the charity in an independently administered fund. 13-
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Restrlcted funds The restricted funds of the charity Comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. Movement In funds Incomlng R68ourcès Balance at rosourcos oxpgndgd 31 Dgcgmbgr 2023 Balance at 1 January 2023 Holy Trinity Drumbo Restricted Fund Legacy - CapitallBuilding Project Fund 65,410 26,220 250,000 (19,583) 72,047 250,000 65,410 276,220 (19,583) 322,047 17 Unrnstricted funds The unrestricted funds ofthe charity comprise the unexpended balances of donalions and grants which are not subjecl to specific conditions by donors and grantors as to how th8y may b8 used. These include designated funds which have been sel aside out of unrestricted funds by th8 trustees for specific purposes. At 1 January 2023 Incoming rasources Resources expended At31 December 2023 General funds 86,153 168,729 (141,381) 93,501 Pr•vious year: At 1 January 2022 InGoming ReSoUe5 resources expended At31 December 2022 General fund5 55,070 125,386 {114,303) 66,153 18 Analysis of net assets betweon funds Unrestricted Restricted funds funds 2023 2023 Total Unrestrictsd Restri¢tsd funds funds 2022 2022 Total 2023 2022 Fund balances at 31 December 2023 are represenled by.. Current assetsl(liabilities) 96,699 318,850 415,549 63,332 68,228 131,561 96.699 3'18,850 415.549 63.332 68.228 131.561 19 Related party transactions There were no disclosable related party transactions during the year {2022 - none). 14-