Charity Commission for Nl Registration Number: NIC102541 11 8elfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Report and Financial Statements for the year ended 31st December 2023 DiaInond Skillen Ckn&rtErcd A¢¢ounknTs Regis[elEdAUdJtOr Sk]rHOle. 891101 RoyalAv¢rJue Belf3T1 IFE
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Contents Page (sl Charity Informatitsn TrLÉStees' Report Independent Examinerfs Report Statement of Income and Expenditure Statement of Assets and Liabilities IBalance Sheet) Notes to the Financlal Statements 8-15 DiaTnond Skillen Diwuolld & Stdlkn CharteredAccoun13nL% wJdR*DstettdAuOknr SuwltiirHous& 891101 RoAen¢ BeWtstBTI IFe Page l of15
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st Decernber 2023 Infornlatlon REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name Belfast/Belfast:Knock/St. Columba's/Down&Dmmore/Church of Ireland Charity Registration Number NIC102541 Contact Address St Columba's Parish Church 27 Klngs Road Knock Belfast 8T5 6JG Trustee$ Mr 8rian Acheson Mrs Suzanne Allen. Rev Canon john Auchmuty Mr Richard Caldwell........ Mr David Craig..... Mr Victor Dukelow Mr Andrew Hirst Mr David Kelly Mr lin johnston Mr John Kerr Mr John Macpherson Mrs Louise Mercer... ........ appointed 23rd March 2023 Mr Martin Moore Mr Nl8el Morrow Mr Scott Rutherford Mrs Gillian Sadlier Mr John Stevenson Mr Jonathan Stewart Dr Richard Whiteside.. appolnted 23rd March 2023 Mr Mark Wllson. . .. .. ...... .. resigned 23rd March 2023 reslBned 23rd March 2023 resigned 23rd Mhrch 2023 appolnted 23rd March 2023 MANAGEMEf+JT INFORMATION Office Bearers Rev Canonjohn Auchmuty.... RECTOR MTJohn Macpherson......... HONORARYSECRETARY Mr Brian Acheson. CHURCH TREASURER Dr Richard Whiteside. RECTOR'S CHURCHWARDEN Mrs Louise Mercer........... PEOPLE'S CHURCHWARDEN Mr David Kelly. RECTOR'S GLEBEWARDEN Mr lan Johnston.... . PEOPLE'S GLEBEWARDEN OTHER INFORMATION Indèpendent Examiner Diamond & Skillen Chartered A£countants Sinclair House 891101 Royal Avenue Belfast BTI IFE Bankers Allied Irish Banks IAIB Group IUKI plcl 11115 Donegall Square North Belfast BTI 5G8 DiartLond , Skillen ckncrcdAccouutwReWSEeredAudrtOr sClairHOS0 ÈWIUI RoyIIA#t Betr Fri ITrE Page 2 of15
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Charity Tru5tees' Annual Report for thè year ended 31st December 2028 The Charity Trustees present the Annual Report and financial statements for St. Columba's Parish Church. Knock for the year ended 31st December 2023. Objectives and Activities The charitable purpose of the Church of Ireland is the advancement of religlon. The principal function of St. Columba's Parish Church, Knock is to SUPPOrt the advancement of the Christian religion by promotln through its worl the whole mission of the Churchi Pastoral, evangellstlc, soclal and ecumenical. Being open to and engaging with society as a whole and offèring support for those needing help are fundamental to the practical delivery of the benefits of Chrlstlanity. As a result of actlvity In the pursuit of the advancement of the Christian religion, St. CoSumba's Parish Church. Knock ha5 Custody of property and of records, materials and artefacts of significance to cultural and religious heritage. The maintenance of these is managed by the Select Vestry of the Par15h. Achlevements, Performance & Public Beneflt The 2023 year has been one of great blessings for the p3ri5h with much enrichment for current and future generations. We have augmented the major church roof replacement prolect with replasterinB ènd repalntlng all of which adds to the warmth and welcoming nature of our church building. Over the course Df the year we have also undertaken a major remodeling of the front of the church whlch gives great flexSbllity and a space to enhance our choral traditlons. ThrouBhout the year, St Columba's Parish Church has continued to act as a beacon of hope. The Church Is maklng a difference to people's live5 in the Parish, the surrounding area and within the wSder world through prayer and donations by parishioner5 of time and thoney. The generosity and falthfulness of our parishioners has continued unabated, The year-end accounts show that giving has held up and that the Parlsh rem31ns In a strong financial posltlon. Because of this generosity, the Parish contlnues to offer support to those In need locally and further afield through, for example, focused Mission and Charity donations. The publSc benefit a5$0Ciated with St Columbi's actlvltles has been enhanced and promoted by Its constantly updated web presence 15ee htt www.stcolumbas.down.an 1ican.or and its monthly Columban magazine which is aWdilable to all, both in hard copy and online Isee WWW. 5tcolumbas.down,an lican.or whats-on The Church's mlnistry to yeunE people contlnues to be gulded by the Church of Ireland safeguarding policie5 and procedures which can be found at htt elind.an Ilcan. af uardln Flnanclal Revlew The Charity Trustees ¢onslder the financial results for the year to 31st December 2023 and the financial position at that date to be satisfactory. The Income Into the Parish from various sources was £251,99912022.. £279,274) with out8oings of £326,06212022: £209,121) giving a deficit of £74.06312022.' surplus of £70,153). Income to unrestricted funds amounted to £171,17812022.' £168,028) and income to restricted funds amounted ta £80,82112022.' £111,2461. The income to restTlCted funds Included £16,08412022'. £27,222) to the church roof fund. The value of the charltvs investment in M&G Charifund units decreased from £70,537 on 1st January 2023 to £68.880 on 31st December 2023. The bank and cash In hand balance as at 315t December 2023 was £112,03012022: £220,4541. The Trustees consider it appropriate to hold re5erve5 UP to the equivalent of one yearfs running costs. As at 31st December 2023, the balance on the general lunrestrictedl fund stands at £63,805. With the yearfs unrestricted fund expenses totalling £188,993. the level of reserves is con51Stent with the trustee5' policy. Going Concern The Trustees have reviewed the budgets for the year ahead and are satlsfied that there are adequate funds In place to ensure that the Parish can continue its activities and the financial 5tatement5 for the year ended 31st December 2023 can be signed off as going ¢oncern. Diamond Skillen Page 3 of15 chaffeTedAccauiitLalldRl#i#ercdAlldIOt StiictsirHous48911DI Roy41Avclluc B¢VA#Fri IFE
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Trustee< Annual Report for the year ended 31st December 2023 (cont'd) STRucfuRE GOVERNANCE AND MANAGEMENT Governing Document and Constitution of the Charity ChaptÈr111 of the Constitution of the Church of Irèland governs Parishes and Parochial Organisation. The Select Vestry members are the CharityTrustees. Recruitment and Appolntment of Selert Vestry (Trustees) All member5 of the Chtjrch of Ireland who are over the age of 18 and are elther resident wlthln the Parish or live elsewhere but have been accustomed members of the congregat>on for at least three month5. may register as member5 of the General Vestry of the Parish. Thèt allows them to attend and vote at meetings of the General Vestry and to stand for electlon to the Select Vestry subject to a number of eligibility crSteria which are in line with Charity Legislation and Northern Ireland Charity Commission guidelines. Meetings of the General Vestry are held at least once a year. The Selert Vestry Is elected a5 part of this General Vestry meeting. The Select Vestry will hold their positions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of terms whlch may be seNed. Pay and Remuneration Acting in his role as the Rectorlincumbent of St. Columba's Parish Church, the Rev Canon John Auchmuty receives a stipend and offlce and locomotory allowances in accordance with figures approved by the General Synod of the Church of Ireland. No other Charlty Trustees receive any remuneratlon from St. Columba's Parlsh Church. Organisational Structure The Select Vestry is responslble for the day to day management of the Parish. The Select Vestry conslsts of the member of the Clergy servSng In the Parish Ithe incumbentl, the Church warden5, the Glebe wardens and generally no more than twelve other mèmbers of the General Vestry elected at the annual meeting of the General Vestry. The Selected Ve5tTY Is chalred by the Incumbent. Select Vestry members 3re responslble for maklng declslons on matters of general concern and Importance to the Parish including on decldlng how Parish funds are to be app15ed. The Select Vestry meets at tlmes flxed by the members or by the Diocesan Synod. Special Meetings may. be convened ot any time by the Chairperson or the Church Wardens. Compliance with Publlc Benefit The Charity trustees have given careful consideration to the Charity Commission for Northern Ireland's guldance on publSc benefit to ensure that the activities entered int¢ during the year have helped to ach5eve the Parish's objectives and activities, as well as providing publlc beneflt. Statement of Trustees, Responsibilities The Trustees are responslble for preparing the Charity Trustees, Report and the financlal statements In accordance wlth applicable law and regulations. The Charity Trustees are re5pon5ible for keeping accountin8 records that are sufficient to show and explaSn the Parish's transactions and disclose with reasonable accuracy at any time the assets and liabllities of the Parish. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other Srregularitis. INDEPENDENTEXAMINERS Diamond & Skillen Chartered Accountants were appolnted as the charitvs Independent examiners. Signed on behalf of the Trustees by: Mr Victor Trustee elow Mr Brian Atheson Trustee, Hon Treasurer Date: 27th February2024 Diatnond Skillen Iwond & STOJte# CbarteiedAccount4nts8ndRwtrr&4AudttDr Sn¢tsirHoux. $91101 koyalAvenue bel&stFri IFE Page 4 of 15
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Independent Examlner's Report to the Trustees of St. Columba's Parish Church, Knock I report on the financial statement5 of the charity for the year ended 315t December 2023, which are set out on pages 3 to 15. Respective responsibilitie5 of trurtees and examlner The office BÈarÈrs arè responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 65131 of the Charities Act (Northern Irelandl 2008. They also consider that an independent examlner's report is required for this year under section 65141 of the Charlties Act (Northern Irelandl 2008. The charity's gross income does nor exceed £500,000 and l am qualified to undertake the examination by bèlng a qualified member of The In5tltute of CharteTed Accountants In Ireland. Having satisfied myself that the charity is not subject to audlt undèr company law and Is eligible for independent examination, It Is my responsibility to: examine the accounts under section 65 of the Charities Act INorthern Ireland) 2008,'and to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland;and to state whether particular matters have come to my attention. Ba555 of independent emaminerfs report My examination was carried out In accordance with the Eeneral Dlrections glven by the Charity Cemmlssion for Northern Ireland. An examination includes a review of the accountlng records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures In the accounts, and seeking explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no oplnion Is glven as to whether. the account5 present a 'true and falr view, and the report is limlted to those matters set out In the statement below. Independent examlnerfs statement The charity's gross income in the year was £251,99912022.' £279,274). In connection with my examinatlon. no matter has come to my attention.. 111 which glves me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Charities Act (Northern Ireland) 2008,. and to prepare accounts which accord with thè accounting records, comply wlth the accounting requirements of Part 8 of the Charities Act (Northern Ireland) 2008 and, where applScable, section 396 of the Companies Act 2006 and wlth the methods and princlples of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met.tsr 121 to whSch, in my opinion, attention shr)uld be drawn In order to enable a proper understandlng of the account5 to be reached. Ni8el V Skillen FCA Dlamond & Skillen Fellow of the Institute of Chartered Accountants In Irelènd Sin¢Sair House 891101 Royal Avenue Belfast BTI IFE 27th February 2024 Diamond Skillen ChartcredAccDUnE3ndRdAttthtOr SllKliirHou5o 891101 RO Aven B¢if¥£iwri IF Page 5 of15
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Statement of Income and Expendlture (Receipts and Payments Account) for the year ended 31st December 2023 Unrestrirted Restrlcted Endowment Funds funds funds Totals 2023 Totals 2022 Notes RECEIPTS from donations andleqticies Grants and Don3tions 1412,450 63,690 206,140 238.462 from chorftoble actlvitie5 Special collections Fundraising activities from otheructlvlties Gift Aid tax refunded other Income 14,178 8,234 17.131 31,309 8,234 30,051 6.615 from investments Investment income 6,316 6,Y16 251,999 4,146 279.274 Totsl In¢ome 171,178 80,821 PAYMENTS on n7isingfund5 Fundraising expenses 397 397 7.040 on choritable octivltles Employee costs Premlses & insurance costs Travel & trainlng costs General administratlon costs Programme costs 98,197 50,174 40 14,886 20.717 98,197 169,903 89,179 61,644 119,729 14,886 38,057 8,102 35,131 515.1 17,340 on otherltems Legal and professional fees other expenses Total expenditure 780 3,802 780 3,802 326,062 600 7,425 188,993 137,069 209,121 Net loutgoln8sl I Income for the year Depreclation TTan5fers between funds Increaselldecreasel in fair value of investments Net movement In funds for the year 117,8151 156,2481 {74.063) 70.153 11161 11,6571 119,5881 116 li 11,6571 175,7201 14,1611 65,992 156,1321 Reconciliotion offvnds Fund balance5 blf at 1st January Fund balance5 clf at 31st DecembÈr 647,273 157,859 805.132 739,140 627,685 101,727 729.412 805.132 The statement of financial activities includes all gains and losses in the year. All income and expenditure derives from continuing activities. The notes on pages 8 to 15 form part of these finanti31 statements. Diamond Skillen Diarnuné & SkW¥ Page 6 of15 SuwiwH0¥54 891101 RoyaiAvenuE Bp]f&sEBTI IFB
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Statement of Assets and Liabilities (Balance Sheetl as at 31st December 2023 Notes 2023 2022 NON CURRENT ASSETS Tangible assets io 495,000 495,000 495,000 495,000 INVESTMENTS Investments li 68,880 70,537 70,537 68,880 CLIRRENT ASSETS Debtors Cash and cash equlvalents 12 13 58,502 112,030 170,532 15,0001 165,532 31,968 220,454 252,422 112,8271 239,595 PAYA8LES'. amounts falling due w5thin one year CURRENT ASSErs 14 TOTAL ASSEfs LESS CURRENT UABILITIES 729,412 805,132 THE FUNDS OF THE CHARITY Unrestrirted incomeAunds.' General funds Investment holdln8 fund Idesi8natedl Asset holdlng fund Ideslgnatedl 17 17 17 63,805 68,880 495,000 81,737 70,537 495,000 Restrlrted intomefvnds.. Special collectlons Building fund Hall refurblshmÈnt fund Church roof fund Mission5 and Charities fund 17 17 17 17 17 70 64,425 4,749 32,483 70 90,591 12,455 54,742 Endowmentfvnds.. Endowment Fund Total tund5 729.412 805,132 The notes on pages 8 to 15 form part of these financial statements. The flnan¢ial}tatements on pages 3 to 15 were approved by the Select Vestry on 27th February 2024 and signed on their behalf by.. Mr Victor kelow Mr Brian Atheson TRUSTEE TRUSTEE Date: 27th February 2024 Diamond . Skillen DIThd & S&Jl ¢Jth¢rcdA¢ruUtttalltsJRG5t¢r(dAUd]ttir SuKl¥izHvv5¢.891101 RoyaiAv¢nu BthIBTI IFB Page 7 of15
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes forming part of the Financial Statements for the year ended 31st December 2023 Atcounting Polides The principal accounting policies adoptedi judgements and key sources of estimation untertalnty In the preparation of the financial statements a as follows: Statement of compliance The financial statements are prepared in accordance with Accountlng and Reporting by Charltles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finantial Reportlng Standard applScable in the UK and Republic of Ireland IFRS 1021 leffoctive from 1st January 20151 Icharities SORP IFRS10211, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006 (insofar as this applies to the Charity). St. Colurnba's Parish, Knock meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initially retognised at historical cost or transartion value unless otherwise stated in the relevant accounting pollcy notelsl. Preparatlon of the accounts on a 8olng concern ba$l$ The Trustee5' policy is to undertake ongolng revlew of the 'Going Concern, status of the charity, taking note of the organisation's reserves policy and projected availability of funds to enable the ¢rganlsatlon to fulfil its responsibilities. A statement on the outcome of the ongoing review is given at note 18 on page 15. Revenue Items of revenue are recognised and Included In the accounts when all of the followSng crlterla are met: the ch8rity has entitlement to the funds,. any performance conditions attached to the itemlsl of revenue have been met or are fully within the control of the ch3rity,' it is probable that the revenue wlll be received,. and the amount can be measured reliably Revenue received In advance of the prc*vlslon of a specifled servlce is deferred until the criteria for revenue recognition are met. Grants recelvable Grants receivable which relate to the year are credited to revenue wlthin the Statement of Financlal Actlvltles, wlth unspent balances belng carried forward to subsequent years wlthin the relevant fund. Speclflc debts are recognSsed where approved grant expenditure exceed5 grant revenue receSved to date. Grant revenue relatlng to future periods is carried forward under payables. Interest and dlvldends recelvable Interest on fund5 held on dep051t is Sncluded when receivable and the amount can be measured reliabw by the charity,. this 15 normally upon notificaticin of the interest or dividend paid or payable by the financial institution. Fund accounting Unrestricted funds are general funds whi¢h are avallable for use at the discretion of the Trustees in furtherance of the gener31 objectives of the charlty and whSch have not been designated for other purposes. The fund comprises the accumulated surpluses and deficits of unrestricted income and expendlture. Restrlrted funds are fund5 which are to be used In accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of administering such funds are charges against the specific fund. The aim and use of each restricted fund is set out in the notes to the.financial statements. Endowment funds are fund5, the ¢apit31 of which must be retained either permanently or at the trustees, discretion,. the income derived from the endowment is to be used either as restricted or unrestricted Income fund5 depending upon the purpose for which the endowment was established in the first place. Investment Sncome and gains are allocated to the appropriate fund Expendlture Expenditure is recognised once there is legal or constructive obligation to make a payment to a third partvi it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified Ltnder the following activity he3dings'. Expenditure on raising funds compri5e5 the costs of marketing and promoting the charity and its activities; Expenditure on charitable activities includes the direct costs allocated to the performance of activities undertaken to further the purposes of the charity and their associated SLJPPOrt costs- Expenditure on other items represents those items not falling Into any other heading. Diamond - Skillen Page 8 of15 ch?rtlCC0uotats attdRcgI5rAuthrot s¢1¢. 8911VI Poy¥lAvem Bcif&FTI IFB
Belfast/Belfast:Knock/St. Columba'slDown&DromorelChurch of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes formlng part of the Financial Statements forthe year ended 31st December 2023 lcont'dl Non Currènt Assets (Flxed Assets) Fixed Assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £5,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life. The estimated lives are Shown below: Land...................... Indefinite Buildings. 50 years Furniture, fixtures and equSpment 10 year5 Receivables Trade and other receiv3ble5 are recoBnised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discount5 due. i.io Cash and ¢ash equlvalents Cash and cash equivalents Includes bank deposits, cash and short term highly liquid investments wlth a short maturity of three month5 or less from the date of ècqulsltion or openinB of the deposit or similar account. i.ii Payables and provisions Payable5 and provisions are recognised where the charity has a present Obligation resulting from a past event that will probably result in a transfer of funds to a thlrd party and the amount due to settle the obligatlon can be measured or estlmated reliably. Payables and provisions are normally recognlsed at thelr settlement amount after allowing for any trade discounts due. LeBal status of the charlty St. Columba's Parish, Knock Is a charlty registered in Northern Ireland no. NIC102541. Taxatlon As a charity, St Columba's Parlsh. Knock is exempt from tax on income and galns falllng withln sectlon 505 of the Taxes Act 1988 or 2256 of the Chargeable Galns Art 1992 to the extent that these are applied to its charitable objects. No tax charge5 have arisen In the Charity. Diamond Skillen IXOlla & Sldme 3rtertdAccOUntaThtsandReercdAud1¢Ur SthttsitHousc, 891101 RoyLiAveDu Beif4*FTI IPB Page 9 of15
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes fomiing part of the Financial Statements forthe year ended 31st December 2023 {cont'd) INCOME Unrestrlcted Restricted Funds funds Endowment funds Totals 2023 Totals 2022 from grnnts, donotion5 ond legocie5.' Weekly envelope5 & standing orders P13te Collections other Donations Grants In Memoriam 138.607 3.843 138,607 3,843 38.623 25,067 127,714 1,198 31,194 23,870 54,486 38,623 25,067 from charitable artivitles.. Special Collections from otherortlvltles." Gfft Aid tax refunded Other income from investments.. M&G Charifund divldends Oesposit account Interest 14,178 8.234 17,131 31.309 8,234 30.051 6,615 5,059 1,257 5,059 1,257 4,146 171.178 80,821 251,999 279,274 EXPENDITURE Unrestricted Restricted Funds funds Endowment funds Totals 2023 Totals 2022 on rolsingfund5.' Fundra151ng expenses on churltable artivities.. Employee costs.. Clergy 5tipend5 Lay salarles Contracts for 5ervi¢e5 Employers NIC and Pensions Premises and Insurance costs., Ground rent Rates & Water Charges Insurance Heating & Lighting Repalrs and Property projects Cleanlng Other premlses expense5 General administration costs.. Travel & training expenses Printin& postage and stationery Telephone. computer and internet Proqn7mme costs", Charitable expendlture Isee note 5.2J On other items.. Legol andprofessionalfees." Other governance costs Other expenses." Bank charges Sundry expen5e5 397 397 7,040 55,529 13,807 9,190 19,671 55,529 13,807 9,190 19,671 54,766 12.867 7,456 14,090 12 3,888 9,091 17,002 11,851 6,100 2,230 12 3,888 9,091 17,002 131,580 6,100 2.230 2,857 5.569 14,131 31,426 4,697 2.964 119.729 40 10,763 4,123 10,763 4,123 5,821 2.281 20.717 17,340 38.057 35.131 780 780 600 1,891 1,911 188,993 1,891 1,911 2,081 5,344 209,121 137.069 326,062 Diamond £.:. Skillen l)Satnond & Sknleii Page JO of15 Sillc]aitHox8911Ql H¢l(asEtrfi IFB
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes fomilng part of the Flnancial Statements forthe year ended 315t December 2023 Iconvdj CHARITABLE EXPENDITURE BREAKDOWN Unrestricted Funds Restricted funds Endowment funds Totals 2023 Totsls 2022 Proqrnmme costs lunrestrirtedj.. Diocesan Assessment Organ & choir expenses Other periodieals Sunday School & Crèche experises Comlnunion wine & bread Dther 13,350 5,OOD 417 1.327 564 13,350 5,000 417 1,327 564 12.210 1,527 2,005 59 59 20,717 20,717 15.742 Specific collertions (restilctedj.. British Heart Foundation Britlsh Red Cr05s / Ukralne Christlan Aid Down Cathedral Larder arie Curle Nl Children's H05plce Romanlan trip Royal British Leglon Turkish Earthquake Appeal 1,000 1,000 1,256 379 500 208 2,053 595 1,194 308 1,194 308 500 461 1,177 4,140 461 598 1.177 4,140 6.089 Mlsslon & Churlty allocotions (restrirtedj", Air Ambulance Nl British Red Cross l Ukraine christian Ald Down Cathedral Flood Relief (St Savlour'51 Kidney Care UK Lagan Seèrch & Rescue LSghthouse Mlssion to Seafarer5 Nl Children'5 Hospice St Dorothea's Church St John Ambulance The Dean's Sit-out The Gathering 1st Martln'sl The Presbyterian Church in Ireland The Welcome Organisation 1,200 1,200 1,900 1,900 1.200 1,200 1,200 1,200 LZOO 1,200 1,200 1,200 1,900 1,900 1,200 1,200 1,900 1,200 1,200 1,200 1,200 1,200 1.200 1,200 1,200 1.900 1.900 1,200 13,200 1.200 13,200 13,300 TOTAL PRQGRAMME COSTS 20,717 17,340 38,057 35,131 Diamond Skillen Cbarterr4AccounE4nis dReCroAUd1t0r StiJtT2irHouse, 891101 RtryAIAvew¢ Btifa*BTI IFE Page 11 of15
Belfast/Belfast:Knock/st. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes forming part of the Finafitial Statements for the year ended 31st December 2023 {ndI staff costs and numbers Unrestricted Fund5 Restricted funds Totals 2023 Totals 2022 Lay salaries Clergy stipends Sundry clerical expenses (visiting clerBY etc..) Contracts for services Employerfs national insurance & penslons 13,807 52,329 3,200 9,190 19,671 13,807 52,329 3,200 9,190 19.671 12.867 54.766 7,456 14,090 98,197 98,197 89,179 No employee recelved emoluments ofmore thun £60,000 The Lrveruge numberofpersons, including part-timestuff, employed on UKcontructs wus312022.. 2J The Orgonists'dutles oreperformed under controctsforsetrvices, Net Incoming resources forthe year Unrestricted RestrSrted Endowment Funds funds funds Tota15 2023 Totals 2022 Net incoming resources are stated after chorging.- ,Independent examinerfs remuneration 780 600 Trustee remuneration and Related Party Transactions No trustee received any rÈmuneratlon as a result of their TrusteeshSp of the Charity. One Trustee was employed by the Charity during the year12022.. 11. The detaSls are as follows: Rev Canon john Auchmuty- Employed as Rector- Salary £47,55812022.. £43,865) No other trustee or other person connected to the charity had any personal Interest in 4ny contract or transactlon entered into by the char1ty during the year12022- Nill. Durlng the year to 31st December 2023, the Trustees rece1ved a total of £2,57112022: £2,307] by way of reimbursement of amovnts paid by them on behalf of the Parish. Transfers between the funds Unrestricted Restricted Endowment Funds funds Funds Totals 2023 Transfers from General Fund to M&C Fund to replenish that fund for payments to Charities in excess of collections during the year 11161 116 11161 116 Diamond Skillen Page 12 of15 SCLI1rH0usc. 891101 RvFIAveDue B¢iftssiBTI IPE
Belfast/Belfast:Knock/st. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes forming part of the Flnanclal Statements for the year ended 31st December 2023 (convd) io Non Current Assets Rectory Curatage Furniture, flxtures & fittings Totals Cost At 1st Jan¢Jary 2023 Additions 340,000 155,000 495,000 At 31st December 2023 340,000 155,000 495,000 Depreciation At 1st January 2023 Charge for year At 31st December 2023 Net Book Value At 31st December 2023 340,000 155,000 495,000 At 31st December 2022 340,000 155,000 The Church building Is deemed to be o Heritoye Assetcs deflned In the Choritie&%oRpIFRS102J. HeritogeAssets ore not Includedln the stotement of assets cnd liabilitles us Informotlon on thelrhlstorl¢ cost or voluotlon is not avolloble undsuch inlormotlon connot be obtolned qt G ¢95t Comrnensurote wlth the benefit to the users of the accounts und to the Porish. rhe Church Hull wos bullt In 1962. fhere ure no relicble records of the cost of thls construction und voluutlon approG¢chforsuch t7 building IrJckssuificiÉntreliobility. As o result there is no viilue ascrlbed to this bulldlnq in the stotement olassets ondllobllltles Allfixtures L7nd flttlngs are deemed to have beenfully depreciated in prior yeors, occounts. No ottempt hos been mLrdv to quontify the historic cost of theAlxtures andflttlngs, mony of whichfull within the definltlon of Herltoge Assets In the Charities SORPIFRS102J, ¢7$ thls InAom)tttlon connotbe obtoined ot o cost commensLirutt wlth the benefit to the users of the occounts cnd to the Porlsh. The rectory cnd Curatuge ore recoqnlsedot thelr deemed cos¢ beinq the voluurion plttcedon thepropertyfor locol toxpurposes. 495,000 li Investments Totals 2023 Totals 2022 Investment In M&G Charifund Valuation at 1st January 2023- 4800 unlts @ £14.695212022: £15.56201 IDecreasel I Increase In value Valuation at 31st December 2023- 4800 units @ £14.3499 70,537 74,698 68,880 70,537 QuoteGlinvestmentsore initiollyrecordedotttjstorjd then subsequentlystoted Gtfoirvolue Ert eoch yeur end date. Unquotedlnvestrnents ure retord¢d ot tt+st ond ossessedannuallyfor impolrmgnt. Debtors Tots15 2023 Tota15 2022 Gift aid receivable Grant due from RCB- Church Fabric Fund Listed Places of Worship VAT claSm receivable- church roof works 9,565 34,100 14,837 8.098 23,870 58,502 31.968 Diamond ,Skillen C]JartcrcdAccounIts andR¢StcdATjthkor slI1rEE. 8911DI RoyaJAvenuE Be1¢BT1 IFE Page 13 of15
Belfast/Belfast:Knock/St. Columba's/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes forming part of the Financial Statements for the year ended 315t December 2023 Icont'dl Cash and cash equivalents Totals 2023 Tota15 2022 Opening balance of cash and cash equlvalents Movement in the year Closing balance of cash and cash equivèlents 220,454 1108,4241 112,030 118.716 101,738 220,454 Creditors- amounts falling due within one year Totals 2023 Tota15 2022 Specific collectlons due to third partie5 M&C Fund allocations accrued Retention payment due- roof project Deferred income Accrued independent examlnatlon fee 1,554 1400 8,673 2,000 600 2,000 600 5,000 12,827 15 Analysls of charity net assets between funds Unrestricted funds Restricted funds Endowment funds Tota15 2023 Non Current Assets Investments Current A55ets- debtors Current A5sets- cash and tash equlvalents Current Liabilities 495,oao 68,880 7,098 59,423 2,6001 627,801 495,000 68,880 58,502 112,030 15,0001 729,412 51,404 52,607 12.4001 101,611 16 Flnanclal Commltments At 31st December 2023 the charity has no annual commltments under non-cancellable leases nor any other financial commitments that are not recognised In the a¢counts12022'. £nill. The charity ha5 entered Into a number of long term contracts for the supply of servlces all of which are cancellable. Diamond SkillLn Tmpmond & Sktlle (knrcdA¢ctsUrtts R¢p%tuedAudtior sddi[HOu. 891101 RoyA¥t[&t BelfAttFtI IFE Page 14 of15
Belfast/Belfast:Knock/St. Columba'5/Down&Dromore/Church of Ireland Parish of Knock Columcile Financial Statements for the ear ended 31st December 2023 Notes formlng part of the Financial Statements for the year ended 31st December 2023 Iconvdl 17 ststement of Fund5 At lJan23 Incoming resources 0goIng resources Transfers / other movement At 31 Dec 23 General reserve Investment holdSng fund Idesignatedl Asset holding fund Idesignatedl Toral unrestrlcted funds 81,736 70,537 495,000 171,177 1188,9921 11161 11,6571 63.805 68,880 495,000 627,685 647,273 171,177 1188,9921 11,7731 Mission & Charitles fund Specific Collections Building fund Hall refurbishment fund Church roof fund 17,224 117,3401 116 70 90,592 12,455 54,742 157,859 70 64,425 4,749 32,483 101,727 33,061 14,452 16,084 80,821 159,2281 122,1581 138,3431 1137,0691 Total restricted funds 116 Endowment funds Total endo4Vment funds Total funds 805,132 251,998 1326,0611 11,6571 729,412 Summory of the aim and use of Unrestricted Funds The qeneralreserve represents thefreefunds of the chority which are not deslgnatedforporticularpurposes. The Inwestment holdlngfvnd 15 0 de5ignotedfund to hold thefalr value of the M&G Churlfund Investment The asset holdlnolund Is a deslgnatedfund to hold the book osset value of the ¢horAty summary of the uim and use of Restrlrted Funds Mission & Chqritie5fund- 100% of the donotlons to thi5lund are ollocated to vorlous charltable orgoni50tlons ot the dlscretlon of the Select Vestry The special collectionsfvnd repre5entsfunds collected by the Puri5hfor the benefit of o Specified thlrdporty The bulldinofund is ofund to be used toword5 major capitol works to the Church bulldNng The holl refurbishmentlund is ofund to be used towords refurbishment of the Church h(Jll The Church rooffund is olund to be used towards the replacement of the Church roof Going ¢on¢ern The Trustees consider that the charity has sufflclent fundlng in place to continue Its operations in the near future and thus deem the use of the going concern basis to be appropriate. Diamond Skillen ChOJlt¥edAe¢ounsgllts0dR6ltsterettAttst SuKlgirHou5B, 891101 RoyglAtyèllu¢ BthEBTI IFE Page 15 of15