## **CHRIST CHURCH PRIMACY (COI)** ## **Statement of Receipts and Payments and Assets and Liabilities** **For the year ended 31 December 2024** **Charities Number: NIC102609** ## Contents Statement of Financial Activities.............................................................................................3 Receipts and payments ..........................................................................................................4 Balance Sheet Summary .......................................................................................................8 Statement of Assets and Liabilities.........................................................................................9 Notes to the Financial Statements for the Year Ended 31 December 2024 ..........................10 2 ## Statement of Financial Activities ## **Christ Church Primacy - NIC102609** ## **For the period from 01 January 2024 to 31 December 2024** ||**Unrestricted**|**Restricted**|**Endowment**|**Total**|**Prior year**| |---|---|---|---|---|---| ||**funds**|**funds**|**funds**|**funds**|**total funds**| |**_Income and endowments from:_**|||||| |Donations and legacies|47,887|9,193|—|57,081|78,257| |Income from charitable activities|16,354|1,982|—|18,337|1,671| |Other trading activities|9,711|—|—|9,711|9,367| |Investments|41|15|—|57|77| |Other income|4,156|—|—|4,156|8,749| |**Total income and endowments from:**|**78,151**|**11,192**|**—**|**89,343**|**98,123**| |**_Expenditure_**|||||| |**_on:_**Raising|||||| |funds|1,181|125|—|1,307|11,599| |Expenditure on charitable activities|61,442|20,372|—|81,815|74,872| |Other expenditure|500|—|—|500|—| |**Total expenditure on:**|**63,124**|**20,497**|**—**|**83,622**|**86,472**| |**Net income / (expenditure)**|**15,027**|**(9,305)**|**—**|**5,721**|**11,651**| |**_Transfers_**|||||| |Gross transfers between funds - in|—|—|—|—|3,117| |Gross transfers between funds - out|—|—|—|—|(3,117)| |**Net income / (expenditure)**|**15,027**|**(9,305)**|**—**|**5,721**|**11,651**| |**_Other recognised gains /_**|||||| |**_losses_**Gains / losses on|||||| |investment assets|—|—|—|—|—| |Gains on revaluation, fixed assets, charity's own use|—|—|—|—|—| |**Net movement in funds**|**15,027**|**(9,305)**|**—**|**5,721**|**11,651**| |**_Reconciliation of funds_**|||||| |**Total funds brought forward**|**266,525**|**18,644**|**—**|**285,170**|**273,518**| |**Total funds carried forward**|**281,552**|**9,338**|**—**|**290,891**|**285,170**| _**There may be minor discrepancies in the totals if the pence are not being shown**_ 3 ## Receipts and payments **Christ Church Primacy - NIC102609 For the period from 01 January 2024 to 31 December 2024** 4 Frr•) 01 2Q24 01 2023 To 31 Decern￿ 3)24 31 December 20rJ 170 15 1.619 7227 2T 27 12. TrJth tC*'lknl 3.117 Fmm 01 Januxy 2024 01 J￿U¥Y 2023 To 31 December 2024 31 Dec*￿ ￿Zj 28.175 Jl.112 1118 ¢3ft •d tsx re(fAv￿. re99wry IMI 191 318 7.￿1 1c6 47.761 SFw4 fifftd r•5ry e4Y*5 SFerya F￿lj Rsr¥J. CIT&ThB5 F• 212 1.115 472 12. 9.￿7 9.%7 41 67 41 67 citwfvmds r¥s*d P￿£ NIC CPP 70.79• 68248 71 io. Pnthrg 311 1.153 11,5 01 JanLWy 2024 01 janu￿ 3)23 To 31 DeCern￿ 2024 31 3)rJ 4.407 3.714 3.98t 5.010 JMC 8uikl¥vJd￿ry 37 2.851 1.015 152 181 228 61.442 51,CQl 7.701 5.744 251.107 3,117) Tratsf•s iollfvtynl ## Balance Sheet Summary ## **Christ Church Primacy - NIC102609** **For the period from 01 January 2024 to 31 December 2024** 8 ## Statement of Assets and Liabilities **Christ Church Primacy - NIC102609 For the period from 01 January 2024 to 31 December 2024** 9 ## Notes to the Financial Statements for the Year Ended 31 December 2024 ## **1. ACCOUNTING POLICIES** Set out below are the principal accounting policies which have been adopted in the compilation of the Receipts and Payments Account and the Statement of Assets and Liabilities. - (a) Receipts and Payments Account All items of income and expenditure included within the Receipts and Payments Account have been accounted for on a cash receipts basis. - (b) Statement of Assets and Liabilities Assets retained for the Parish’s own use - The assets of the Parish, retained for its own use comprise: - Church Buildings: The church buildings which are jointly owned by the Church of Ireland and the Methodist Church in Ireland, are deemed to be Heritage assets as defined by the Charities SORP FRS 102 Investments The Rectory is included in the accounts at a reasonable estimate of current value based upon insurable amount. ## **2. MOVEMENT IN FUNDS** |Restricted
Funds|Balance as at 1
January2023|Income
Resources|Outgoing
Resources|Balance at 31
December 2024| |---|---|---|---|---| |Christians
Against Poverty|18,538|9336|16952|10922| |Engage –
Engaged Mums
& Tots|321|1856|1652|526| |Total Funds|18859|11192|18604|11448| ## **Purposes of Restricted Funds** Restricted Funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the Parish. ## **3. TRANSACTIONS WITH TRUSTEES** Christ Church Primacy has a full-time Community Pastor, Denise Wilson, who is responsible for the Parish under the oversight of the Area Dean and is a trustee. She was paid a gross salary of £32,832.19 and NEST payments of £1080.20. The contributions of the Church of Ireland’s centrally administered Pension Fund were paid by the parish and amounted to £1,373.20. 10 Ashleen Johnston is a trustee and has been employed as the part-time CAP Debt Centre Manager. She works 20 hours per week, and her annual salary is £14,359.21 plus reimbursement of out-of-pocket expenses necessary for her role and NEST payments of £462.38. Her salary and expenses are paid out of the CAP account. Other than the above, no trustee received any renumeration or reimbursement of expenses during the year. No trustee or a person related to a trustee had any personal interest in any contract or transaction entered into by the charity during the year. 11