Charlty registratlon number NIC102536 (Northern Ireland) HOLYTRINITY DRUMBO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HOLY TRINITY DRUMBO LEGALAND ADMINISTRATIVE INFORMATION Rector Rev M Jamlson Truste88 Mrs S Frew Mr J Green Mr L Boles Mrs M Dodds MrT Greer Mrs A W8atherall Ms H Gallagher Mrs J Cathright Mrs W Jackson Mr T Mcmurray Mrs L Bell Mrs V Gray Mr R Davls Mr G Mccartney Ms P Lyske (Appointed 15 April 2024) Charlty number NIC102536 Prlnclpal offlce 107 Ballylesson Road Ballylesson Belfast BT8 8JT Independ•nt examlnor HM Chartered Accountants 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast Co. Antrlm BT13LP
HOLYTRINITY DRUMBO CONTENTS Page Trust88s' report Independant examinels report Statement of financlal actlvltles statement of financ[81 posltlon Notes to the financial Statements 7-14
HOLY TRINITY DRUMBO TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for thè year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set olrt in note 1 to the financlal statements and comply with the charity's governing document, th8 Charities Act (Nl) 2008 and "Accounting and Reporting by Charitles.. Stslement of Recommended Practice 8pplicable to charities preparing their accounts in accordance with the Financial Rèporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. {effective 1 January 2019). Objectlvas and actlvltlas Our vlslon Is to continue to be a loving, 8¢¢eptlng fellowship of b8118vers who p8ssion8tely worshlp God and r88ch out to the community in 8 relevant way. We aim to become the community 'hub' in Ballylesson. We exlst to bring glory to God and to see everyone become faithful followers of Jesus Christ, The trustees have pald due regard lo guldance issued by the Charity Commlssion in decldlng what activlt18S the charily should undertak8. Publlc Beneflt Statement The trustees confirm that they have had due regard for the guidance produced on public benefit by the Charliy Commission for Northern Ireland and are pl8ased to report ihat during the perlod the charitable company has contlnued to provide public benefits through the programmes and 5ervic8s we offer. Achlevements and parformanco 2024 has continued to be a of increased activities for the community and the church. We had a busier Easter and Christmas season. For the 1Jl time in nearly 30 years we had a Youth Mission team partnered with Exodus who went into Hungary to help with a youth work. Our Community Pastor was ordained as a Deacon within the Church of Ireland and was placed with us on his Deacon year. This proved invaluable as the Rector availed of a sabbatical from August lo Ihe end of October. 'Journey ' women has been another success story of this year providing women In the communlty with a space for discussion, craft making and wgllbeing. As a result of thesè aclivilies and appointments we have had another year of growth in numbers and finance. The gro in finance can be attributed to increased attendance. The ¢hur¢h has continued lo support the local foodbank and other local charities. The church '¢omplex' has conlinued to grow as a communlty hub with increased activities for all age groups. Our youth clubs continue to be popular with the local familles. A 'wam) room, Tuesday mornlng Drop-ln for the elderly has been a blg success. A new 'movements' class on a Friday has b8en very popular with the more mature people within our community. Aft8r consultation with Bradley M¢Clur8 Architects plans were submltt8d to add an annex on to our hall provlding more space for community use. Another grant from Mind Matters also meant we could re-run our 'Headspace' project. This was an Art based class to help in getting people to talk about their mental health. This was attended by adults and Children. Our investment and updating of the church, hall and graveyard has again continued this year. An extension to the graveyard was approved by plannlng and consecrated by the Bishop, providing an additional 120 graves.
HOLYTRINITY DRUMBO TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal reviow The Church's Onoing income grew on last year wlth a net decrease in funds of £14,523. It is believed that adequate funds have been rèserved for future periods. structure, govarnanco and management Holy Trinity 8allylesson follows a stsndard Church of Ireland structure at the parish level managed by a Select Vestry which is chaired by the Rector of the church. The Select Vesty is electad on a yearly basis al the Easter General Vestry at which all church members who are regislerÉd as vestrymen may vole or be appointed. The Select Vestry Is responsible for Ihe day-lo-day decision maklng in respect to Parish income and expendltura. employment, provision of infraslruclure to support worship and mlnislry and management and maintenan of parish property, lands and graveyards. An inler-relaled system Joining the central, diocesan and parish provides additional assistance and sharing of expertise across the structures of the church a8 w811 as achlevlng 8 consistent mann8r of éeallng wlth18sue8, The trustses who served during th8 y8ar ar)d up to the date of slgnature of th8 flnancial ststements were: Mrs S Frew Mr J Green Mr L Boles Mrs M Dodds Mr T Greer Mrs A Weathèrall Ms H Gallagher Mr M Douglas Mrs J Cathright Mrs W Jackson Mr C Mulholland MrT Mcmurray Mrs L Bell Mrs V Gray Mr R Davis Mr G Mccartney Ms P Lyske (Reslgned 2 June 20251 (Resigned 15 Aprll 2024) (Appointed 15 Aprll 20241
HOLY TRINITY DRUMBO TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 stst8mont of trust8es' responsibilitles The trustees are requlred to prepare the Annual Report and financial ststements for each financial year, which glve a true and fair view of the state of Ihe affairs and of the surplus or deficit of the Church for that year and have been prepared in accordance with United Kingdom Gen8rally Accepted Accounting Practice. In preparing thèse the Select Vestry are required to.. - select suitable accounting policies and apply them wnslstently: make judgements and estimates that are reasonable and prudent; prepare the financial statements on the golng concem basls unless it is Inappropriatè to presume that the church will contlnue in business. The trustees ara responsible for keeplng proper accounting records, whith disclose with reasonable accuracy at any time the flnancial position of the Church. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irrégularities. The trustees, report was approved by th8 Board of Trust88s. Re¥ Jamlson Truste6 DBted'. Lw1os. • H G*llaghtTra Tr:26tbo
HOLYTRINITY DRUMBO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY DRUMBO I report on the financial statements of the charity for thè year ended 31 Oecember 2024, which are set out on pages 5 to 14. Responsibilitles and basis of report As tho trustees of tha charity you are responsible for the preparation of the financial slatements and you have consKlered the audit requlrement of Section 65{3} of the Charities Act INI) 2008 (the Act). Having satisfied ourselves that the charlty is not subject lo audit und8r company law, and is èligible for Independent examination. it is OL*r responsibility to.. It is my responsibility to,. examine the financial statements urbder sedion 65 of the Charitl8s Act (Northérn Ireland) 2008; follow the procedures laid down in the general Direction5 given by the Commisslon under sectlon 65(91(b) of the Charities A¢1 (Northern Ireland) 2008; and stat8 whether partlcular matters hav8 come to my attention, Indopondent oxamlner's statemont We hav8 examined your charity accounts as required under Sectlon 65 of the Charlties Act and our examinatlon was carried out in accordance with the general Directions given by the Charity Commlssion for Northem Ireland under sèctlon 65(9llb) of the Charities Act. The examination Included a revlew of the accounting records kèpt by Ihe charity and a comparison of the accounts presented with those records. It also included consSderation of any unusual items or disclosure5 in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Our role is to state whether any material matters hav8 come to our attention giving us cause to bèlieve: That accounting records Wa not kept in respect of the Charity as required by séction 386 of the 2006 Act,. or the financial statements do not accord with those records., or the financlal slatsments do not comply with the applicable requirements conceming the form and content of financial Statements set out in the Charlties (Accounts and Reports) Regulations 2008 other th8n any requlrement that the financial slatemenls give a true and fair view, which is not 8 matter considered as part ofan independent examination. the financlal statèments have not been prepared In accordance wlth the methods and prlnclples of the statenI of Recommended Practice for accounting and reporting by charities applicable to charities preparing their flnandal statements In accordance with the Financlal Reportlng Stsnd8rd appllcable in the UK and Republic of Ireland IFRS 102). I have no concems and have come across no olh8r matters In connection wlth the examlnallon to which 8ttenllon should b8 drawn in this report In order to enable a proper understandlng of the flnanclal statements to be reached. HM Chartered Accountants Chartered Accountants 6th Floor East Tower Lanyon Plaza 8 Lanyon Place Belfast Co. Antrlm BT13LP 3011012025
HOLY TRINITY DRUMBO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Rostrlcted funds funds 2024 2024 Total Unrostrlcted Restrlcled funds funds 2023 2023 Total 2024 2023 Note8 Income from: Donations and legacles Charitable actlvltles Other trading activities Investments 96,356 27.365 6,301 10,039 7.645 102.657 37.404 7.645 14,604 127,669 28,245 2,828 9,987 262,683 10,630 2,907 390,352 38,875 5,735 9,987 14,604 Total Income 138.325 23,985 162,310 168,729 276,220 444.949 Expendltur• on: Ch8rilab18 activitie8 140,934 35,899 176,833 141,381 19,583 160,964 Total expondltur• 140,934 35,899 176,833 141,381 19,583 180,964 N•t Incomel(oxpendlturo1 and movom•nt in fund8 12,609) 111,914) 114.5231 27,348 256,637 283,985 Roconclllatlon of funds: Fund balances at 1 January 2024 93.501 322.047 415,548 66,153 65,410 131,563 Fund balances at 31 Decémber 2024 90.892 310,133 401,025 93,501 322,047 415,548 The statement of flnancial activltles Includes all gains and losses recognised in the ye8r. All income and expenditure derive from continulng actlvltles.
HOLY TRINITY DRUMBO STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 2024 2023 Notes Current assets Debtors Investments Cash at bank and in hand 12 13 49,433 10.322 347,968 55,159 10,322 358,667 407,723 424,148 Credltors: amounts falllng due wlthln one ar 14 (6,698) 18.600) Not curr•nt assets 401,025 415,548 The funds of tha charlty Reslrirt8d income funds Unrestrlcted funds 16 17 310,133 90,892 322,047 93,501 401.025 415,548 Ttsfr financial statèments were appmved by tho tr&tstees cr. rnison TN•t•e Tru•ts•
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policiès Charlty Information The charity is a public benefit entty and a registered charity in Northern Ireland and is unincorporated. The address of the principal office is Ballylesson Road, Belfas( BT8 8JU, Northèrn Iland. 1.1 Basls of praparatlon The financial statements have been prepared in accordance with the charlty's governing document, th8 Charities Act 2011 and "Accountlng and Reporting by Charities.. Stalement of Recommended Pracllce applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (offective 1 January 20191" Th8 charity Is a Public Benefit Entmy as deflned by FRS 102. The charlty has taken advantsge of the provislons In the SORP for charlties applylng FRS 102 Update Bulletln 1 not to prep8re a Statem8nl of Cash Flows. The financlal statements ar8 prepared In st8rllng, which Is the functional currency of the charty. Monetary amounts in these financlal statements ar8 rounded to the neast £, The financial statements have been prepared under the hlstorical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair valu8. The principal accounting policles adopted are set out below. 1.2 Golng eoncern At the time of approving the financi81 statements, the trustees have 8 reasonable expectation that th8 charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt Ihe going concern b8sis of accounting in preparing the financlal statements. 1.3 Charltablo funds Unrestricted funds are available for use at the discretion of the trustees In furtharance of their charitable objecilves. Restrlcted funds are sublecl to specific condrtlons 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 flnancial statèments. Endowment funds are subject lo specific conditions by donors that the capitsl must be maintalned by the ¢harlty. 1.4 Income Income is re¢ognls8d when the charlty Is legally entitled to it after any p8rforman¢e conditlons have been met, the amounts can be measured reliably, and it is probable that income will be receiv8d. Cash donatlons are recognlsed on receipt. other donations ar8 recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donalions received under Gift Aid or deeds of covenant Is recogni5ed at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingènt asset.
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng policios (Contlnued) 1.$ Expondlture Liabilities aré rècognised as expenditure as soon as there is a legal or constructive obligatlon committing the charity to that expenditu, 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 unreslricted costs and restrlcted costs affj allocated or apportioned to the applicable expendilure headings. 1.6 Cash and cash equlval•nt8 Cash and cash equlvalents include cash in hand, deposits held at call with banks, other short-term liquld Investments wlth orfginal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in Gurrent Ilabilities, 1.7 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 '8aslc Financlal Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financlal Instnjments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of th8 instrument. Financial assets and liabilitles 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 basls or to realise the asset and settle the liability 8imultan8ously. Baslc financlal assets Basic financial assets, which ir)clude debtors and cash and bank balances, are inltially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effecllve Interesl method unless th8 arrangement constltutes a financing transaction, where Ihe transaction is measured at the present value of the future receipts discounted at a market rate of Interest. Flnancial assets classifled as recelvable within one year are not amortised. Baslc Ilnanclal Ilabllltlos Basic financial liabilities, includlng creditors and bank loans are Initially COgnised at transaction prlc8 unless the arrangement constitutes a flnancing transaction, where the dèbt instrument Is measured at the present value of thè future payments discounled at a market rate of interesl. Financial liabilities ¢lassified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised ¢o$t. uslng the eff8Ctive inleresl rat8 method. Trade creditors are obligalions to pay for g¢)ods or services that have been acquired in the ordinary course of operations from supplier5. AmoLJnts payable are classified as current1Sabilities if payment is due within one year or less. If not, they are presented as non-current liabilitie5. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognlflon of financlal 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 8nlillement is recognised in the period in which the employee's services are received. Termination benefits are recogni5ed Immediately as an expense when the charity is demonstrably commitled to terminate the employment of an employee or to provide termination benefits.
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollclos (Contlnuod) 1.9 Retirement bonoflts Paymènts to defined contributlon retirement benefft schemes are charged as an èxpense as they fall due. Crltlcal accountlng estlmates and Judgements In the applicatlon of th8 charlty's accounting policies, the trustees are requlr8d to make judgemènts, estimates and assumptSons about the carrying amount of assels and liablllties that are not readily apparent from other sources. The estlmates and assoclated assumptions are based on historlcal 8xperienGe and other factors that are consldered lo be relevant. Actual results may differ from these estlrnat8S. The estlmal8s and underlylng assumptions are r8vlewed on an ongolng basis. Revlslons to a¢¢ountlng estimates are recognised in the period in which the estimate is revised where the revlsion affeds only that period, or In the perlod of the rev15ion and fLrture perlods where the fevlslon affects both current and future perlods. Donatlon8 and logaclei Unrostrlctèd Rogtrlcled fund8 funds Total Unrestrlcted Restrlctod funds funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Legacies receivable 96,356 6,301 102,657 127,669 12,683 250.000 140,352 250,000 96,356 6,301 102,657 127,669 262,683 390,352 Donatlons and glfts Weekly envelopes Other general donatlons Standlng orders Loose plate ollections Gift ald tax recovered regular givlng Illuminate donations 22.327 2,650 24,977 25,639 5,079 30.718 7,893 44,406 3.006 10,899 44,406 4,537 41,185 800 5,337 41,185 8,563 8,563 8,814 8,814 13,167 13,167 645 47,494 4,669 2,135 52,163 2,135 645 96,356 6,301 102,657 127,669 12.683 140,352
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitablè actlvltles Unrestrfcted Rostrfcted funds funds 2024 2024 Totsl Unrestrlcted R68trlcted funds funds 2023 2023 Total 2024 2023 Charltabl8 actlvltles Graveyard income 27.365 10,039 37,404 28,245 10.630 38,875 Income from other tradlng actlvlll•$ Unrnstrlcted Restrlcted funds funds 2024 2024 Total Unro8trlctod R•$trlct•d funds funds 2023 2023 Total 2024 2023 Fundraising events Youth income 2,878 4,767 2,878 4,767 2,828 1,795 1.112 4,623 1,112 Other tradlng activities 7,645 7,645 2,828 2,907 5,735 Invostmants Unro8trlcted Unrestrlctod funds fund$ 2024 2023 Church Hall Income Income from Ilsted investments Rent from lands and buildings Interest receivable 5,123 991 600 7,890 4,134 906 700 4,247 14,604 9,987 10-
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditurè on charitable actlvitles Charltable activltles 2024 Charltable activities 2023 Dlrect costs Staff costs Youlh costs Charitable donations Diocese fees 86,997 4,300 500 13,663 82,594 2,774 4.850 13,981 105.460 104,199 Sharo of ¥upport and governance costs1800 note 8) Support Governance 68,275 3.098 51,501 5,264 176,833 160,964 Analy8ls by fund Unrestrlcted funds Restricted funds 140,934 35,899 141,381 19.583 176,833 160,964 Support costs Support Govarnance costs costs 2024Support costs Govemance costs 2023 Wages & salaries Rates & water Light & heat Repairs & maintsnance Insurance Printing & ststionery Legal & professional Telephon8 Sundry 2,000 1,897 14.746 22,024 3,255 1.989 8,640 883 12,840 2,000 1,897 14,746 22,024 3,255 1.989 8,640 883 12.840 2,000 1,956 9,107 15,465 3.201 1,616 2.550 928 14,678 2,000 1,956 9,107 15,465 3,201 1,616 2,550 928 14,678 Accountancy fees Bank fees 2,716 382 2,716 382 4,878 386 4,878 386 68.275 3,098 71,373 51,502 5,264 56,766 Analysed beeen Charitable activitles 68.275 3.098 71.373 51,501 5.264 56.765 11
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Trustee$ None of the trustees (or any persons connected with them) received any remuneratlon or benefits from th8 charity during the year. 10 Employees The averaga monthly number of employees during the year was.. 2024 Number 2023 Number Employment ¢08ts 2024 2023 Wages and salarles Social security Costs other pension cosls 80.476 3,131 3,390 77,312 3,892 3,390 86,997 84,594 There were no employées whose annual remuneration was more than £60,000. Remuneratlon of key managemènt personnel The total amount of employee ben8fits rec81ved by key management personn81 in th8 period was £82.666. 11 Taxatlon The chariiy is exempt from tax on income and galns falllng wlthln sectlon 505 of the Taxes Act 1988 or section 252 of the Taxetion of Chargeable Gains Act 1992 to the extent that thase are applied lo Its charitable objects. 12 Debtors 2024 2023 Amounts falllng due wlthln one year: Other debtors Prepayments and accrued income 874 48,559 2,373 52,786 49,433 55.159 13 Current assét investmonts 2024 2023 Listed investrnents 10,322 10,322 Investments are held at historical cost. At 31 December 2024 the investments had 8 market value of £21,985. 12-
HOLYTRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Creditors: amounts falling due wllhln one year 2024 2023 other taxation and social security Accruals and dèferred income 2,334 4,364 1,789 6,811 6,698 8,600 15 Ratlrnment benefit schemes 2024 2023 Deflned contrlbutlon Schèmes Charge to profit or108s in respect of defined contributlon schemes 3,390 3,390 The charfty operates 8 deflned contribution ponsion scheme for all qualifying employees. The assets of the scheme are held s8parately from those of the charity in an independendy administer8d fund. 16 Rostrlcted funds The restrictèd funds of the charlty comprise the unexpended balanc8s of donatlons and grants held on trust sublect to specific conditions by donors as to how they may be used. Movement In funds In¢omlng Rosourc•i Balanc• at r•gour¢o• oxpondod 31 Oec•mb•r 2024 8alane• at l January 2024 Holy Trlnlty Drumbo Rèstrlcted Fund Legacy - CapitallBulldlng Project Fund 72,047 250,000 23,985 (35,899) 60,133 250,000 322,047 23.985 135,899) 310.133 17 Unr83trlcted funds The unrestrlcted funds of the charlty comprise the unexpended balances of donatlons and granls which ar8 not subj8Ct to specific Gonditions by doDor5 and grantor5 as to how they may be used. Thes8 Include designated funds whlch have been set aside out of unrestricted funds by the trustees for specific purposes. At31 December 2024 At 1 January 2024 Incomlng resources Resources expended General fvnds 93,501 138,325 (140,9341 90,892 13-
HOLY TRINITY DRUMBO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Unrostrlcted funds (Contlnued) Prevlous year: At 1 January 2023 Incomlng rèsources Resources expended At31 December 2023 General funds 66,153 168,729 1141,381) 93,501 18 Analys1$ of n•t a8$•t$ batwaon lund8 Unrastrlctod fund8 2024 Ro8trlctod fund8 2024 Total 2024 At 31 December 2024: Current as5etsl{liabilities) 90,892 310,133 401,025 90,892 310,133 401,025 Unrestrlctod funds 2023 Rostrlcted lunds 2023 Total 2023 At 31 Decembor 2023: Current assetsllliabilitl8sI 93.501 322,047 415,548 93.501 322,047 415,548 19 Rèlat•d party transactlon$ There were no disclosable related paty tr8nsactlons durlng the year (2023 - none). 14-