Bangor Parish Church
Annual report and financial statements For the year ended 31[st] December 2025
Charities Number: NIC 102615
Annual report and financial statements for the year ended 31[st] December 2025
Contents References and administrative details ..................................................................................... 3 Trustees’ Annual Report for the year ended 31st December 2025 .......................................... 4 Independent Examiners report…………………………………………………………………….…8 Statement of Financial Activities .............................................................................................. 9 Balance Sheet ....................................................................................................................... 10 Accounts ................................................................................................................................ 11 Notes to the financial statements for the year ended 31[st] December 2025 ............................ 18
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References and administrative details
Charity Name:
Bangor Parish Church
Charity Registration Number: NIC 102615
Contact Address:
The Church Office 1, Castle Street Bangor BT20 4SU
Trustees / Principal Office-bearers
Clergy: Rector Church Secretary Church Treasurer: Church Warden- Clergy: Church Warden - People: Vestry Member Glebe Warden Glebe Warden Vestry Member Vestry Member Vestry Member Vestry Member Vestry Member Vestry Member Vestry Member Vestry Member Vestry Member
Nigel Parker David Roycraft Gary Warke Michael Hill
Paul Johnston Justin McAuley Ian Thompson Terry McKee Liz McAuley Alasdair Pears Felicity Atwell Liz Baird Karen McConnell David Chamberlain David Thompson Paul Bryans
Independent Examiner
Richard Shields Adrian Hall & Co Chartered Accountant 100 Main Street Bangor BT20 4AG
Bankers
Danske Bank Donegall Square West Belfast BT1 6JS
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Trustees’ Annual Report for the year ended 31st December 2025
The trustees present the annual report and accounts for Bangor Parish Church for the year ended 31[st] December 2025.
Objectives and Activities
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal function of Bangor Parish Church is to support the advancement of the Christian religion by promoting, through the work of Bangor Parish Church the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole, and offering support for those needing help are fundamental to the practical delivery of the benefits of Christianity.
As a result of activity in the pursuit of the advancement of the Christian religion, Bangor Parish Church has custody of property and of records, materials and artefacts of significance to the cultural and religious heritage and maintenance of which is undertaken by the select vestry of Bangor Parish Church.
Achievements, Performance & Public Benefit
The Parish has given careful consideration to the Charity Commission for Northern Ireland’s guidance on public benefit to ensure that the activities entered into during the year have helped to achieve the Parish’s objectives and activities, as well as providing public benefit.
We continue to work for the good of all, with our core values shaping all we do. We have grouped our activities under those five core values, all of which provide numerous benefits to the public:
- Give Your All - We value an attitude of worship, which desires to serve, honour and glorify our Heavenly Father in every aspect of daily life. Giving glory to God is good for us. We cultivate generosity. Prayer, silence and singing are highly beneficial to our spiritual, mental, emotional and physical well-being. Each Sunday of the year, we host two or three services, offering a variety of styles. We seek to promote musical excellence among people of all ages in both organ-led choral music and modern music. This includes weekly training of singers and musicians. In addition, many others of all ages are involved in leading our services through reading, delivering talks, leading prayer, welcoming, providing free refreshments and bellringing. We also provide a service by which people can access a recording of the talk delivered at the Sunday morning service via podcast. We conduct funeral services and support bereaved families, as well as conducting marriage services with prior preparation sessions. During Holy Week we join with four other Bangor City centre churches for evening worship services.
2. Join The Family - We value a church community with a deep sense of love, support, and responsibility for one another. We cultivate unity . The lonely find belonging among us. Deep friendships are formed and care given. We host Life Group Communities, which involve 100
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people meeting during the week. We host regular indoor refreshments, which encourages socialisation. A pastoral team visits those who are bereaved, sick or in need of support.
3. Keep On Growing - We value an environment of growth in which disciples of Jesus Christ are striving to become increasingly like their Lord in character, word and action. We cultivate integrity. We actively encourage people to read, (the Bible and from our book library and generally), reflect on spiritual and ethical issues, and prayerfully live according to what is learned. Education of children, young people and adults is central to all we do. The result is good citizenship, as people encourage each other to be thoughtful and kind neighbours.
4. Serve Each Other - We value being equipped to serve fellow members of the church with the gifts given by the Holy Spirit. We cultivate humility. There is a high level of volunteerism within the church. People continue to give generously of their time, money and energy in serving others in the Name of Jesus Christ. Some of the areas of service have already been mentioned, others include grounds maintenance, financial management, property maintenance, flower arranging, indoor bowls, Mothers’ Union, audio-visuals and hospitality, as well as our social action ministry, Harbour. We offer guidance and training in all areas of service, which increases confidence and a sense of fulfilment in the person serving as well as enhancing the experience of those being served.
- Transform Your World - We value the call to reach out to people in need with the love and strength which God supplies. We cultivate authority. We run Harbour in the hall, which includes a Clothes Store, Social Supermarket, Pickleball, Coffee Drop-in. Harbour provides clothes, food and refreshments free of charge to those in need of them. Our Christmas Services, both traditional and contemporary, are excellent outreach events as well as celebrations. On Sundays, we continue to collect foodstuffs for North Down Storehouse, which distributes food hampers to those in need in Ards and North Down. Each May, we send out a team to distribute leaflets during Christian Aid Week. During June and July, a team carries out ground’s maintenance at local schools. We continue to support those in need overseas, including our mission partners in Argentina. We host a week-long Holiday Club for children in August.
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Financial Review
Going Concern
The trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Parish can continue its activities and the financial statements for the year end 2025 can be signed off as a going concern
Structure, Governance and Management
Governing Document and Constitution of the Charity
Chapter III of the Constitution of the Church of Ireland governs Parishes and Parochial Organisation. The Select Vestry members are the Charity Trustees
Recruitment and Appointment of Select Vestry
All members of the Church of Ireland who are over the age of 18 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation for at least three months, may register as members of the general vestry of the parish, allowing them to attend and vote at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general vestry are held at least once a year. The Select Vestry is elected as 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 which may be served
Pay and remuneration
The incumbent and curate receive a stipend, office and locomotory allowances in accordance with figures approved by the General Synod of the Church of Ireland.
Organisational Structure
The select vestry is responsible for the day to day management of the parish. The select vestry consists of the member of the clergy serving in the parish, any curate assistant (“the curate”), the churchwardens, the glebe wardens and generally not more than twelve other members of the general vestry elected at the Annual General Vestry.
The select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select vestry members are responsible for making decisions on matters of general concern and importance to the parish including deciding how parish funds are to be applied.
The select vestry usually meets on a monthly basis except July and August. Special meetings may be convened at any time by the chairperson or the churchwardens. In 2023 the Select Vestry meet 9 times during the year and the average attendance was 90%.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.
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The law applicable to charities in the Northern Ireland requires the trustees to prepare financial statements for each financial year. Under that law the trustees have prepared the financial statements in accordance with Generally Accepted Accounting Practice in the United Kingdom (accounting standards issued by the Financial Reporting Council in the UK , including Charities SORP (FRS 102) “ Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) “and promulgated by the Institute of Chartered Accountants in the United Kingdom and United Kingdom Law) Under that law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the charity and of the statement of financial activities of the charity for that period.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgments and estimates that are reasonable and prudent;
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state whether the financial statements have been prepared in accordance with applicable Accounting Standards and identify the standards in question, subject to any material departures being disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Parish will continue as a going concern.
The trustees are responsible for keeping accounting records that are sufficient to show and explain the Parish’s transactions and disclose with reasonable accuracy at any time the financial position of the Parish and enable them to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charity (Accounts and Reports) Regulations (Northern Ireland) 2008 and the provision of the Constitution of the Church of Ireland. 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 irregularities.
Statement as to disclosure to our examiner
In so far as the trustees are aware at the timing of approving our trustees’ annual report:
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there is no relevant audit information of which the charitable company’s examiner is unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the company’s examiner is aware of that information.
Independent Examiner
The examiner, Neil Robinson has retired and Richard Shields of Adrian Hall & Co has been appointed and a resolution concerning his reappointment will be proposed at the Annual Easter Vestry Meeting.
On Behalf of the Trustees
Nigel Parker, Incumbent Gary Warke, Treasurer Dated: 10[th] April
2026
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INDEPENDENT EXAMINER'S REPORT TO THE CHARITY TRUSTEES OF BANGOR PARISH CHURCH
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Statement of Financial Activities Bangor Parish Church _ NIC 102615 Stslement of Financlal Activitles For the pèrM)d from 01 January 2025 to 31 December 2025 Total fun Donation$ and legaoes IncL¥rE from charit&4e leS Crfher tr1j activibes In¥estm2nts Other inc(¥rE 368,952 4.342 21,293 2,331 39),245 6.674 351,525 5,814 5.367 10 5.371 T<Jlal irKon 3rn662 401297 361946 RairKJ lurnts ExpeTrJiiure on tharfatle acb Other expenditure 6,316 315,716 139 21,642 4,642 297,166 149 337.359 Toi81 expethliture Gj'ns I105ses on ¥wesknent assets 324032 21,782 344815 1, Net inccrfne I{exditreTr resources telore transfer 56,629 58,481 Trnnsler Cross transfers betrKen funds. ss tranthrs fijnds. o 8.281 15.1951 8.281 18.2811 (3.0861 180.7841 G"r on re¥Ult)D. fr<ed ets, chwilys rNm 543 4,938 SS481 Toial fu1$ Ixoughtfowvatd 78T, 5597 791,461 730A73 Total lunds carried fcrfward 41,407 849,913 791,461
Balance Sheet Bangor Parlsh Church - NIC 102615 Balance Sheet detailed Asal 31M213]25 Asat 3111WIO24 Fixed assets 4010 LaTrJ aTrJ 450,OCA).00 4SO.000.00 Totsl Fed as¥ets 450,OWffjO 450,(I]OJJO Current assets 5030 PrepayIts 5040 Sundry debt5 5110 Ch k-clrent xcwnt 10,479 14 9,175.35 82,766.42 308,662.20 2,942.11 353.40 71,526.56 259,814.23 1.70D 53 5115 Prcpyty oe¥ekIrt 5120 Restoraim bank actounl 5125 Bkn79 Clth Bank aCcrt 5126. Bell Flirw account 5150 Pelty cash arcounl Z05." Recei¥abk 38B 15 549.18 514.83 31.33 24.12 Total Currenta8ts W79.99 34476 Llabilrties 6010 Sundry Crerfrt 6110 Loan5 oulslan(%ng > 1 year 6699" A4ency ¢'0n8 Z04." Payawe 4,536.42 3.045.92 Trtal LIli1e5 3W2 NetA¥set suWus Idefic 49,943ts7 791A61ffj4 Resees Excess I IdefKitl to date Z01." Starknj b3[ Z03.' GainslllftsSe81 revl offtted assets 58,481.93 791,461.64 60.987 89 730.473 75 849,943ts7 791N61 10
Accounts General Account Paiish Church_ NIC 102615 To Gèneval. Ge[al fimd (Unrestrietedl 28.750.81 27.43485 1.032¥ 199.81228 17.057 Xl 4.002 13 18.005 14 53.721 41 1.1c 321,71577 191.Q37 75 1040 1)] 3.C.45 110.21 49.912.07 12gJ.¢XI Bn Hope LoD5e colKor 2692.23 lJ45. 12.IY2 Ir)Thfor Or¢5ri ss 1.990.34 2.11329 835IXJ 31 710.C fjn30 324428 3.917 58 7%.20 32Y.820.66 Rn9 frjr 471.7g 1.872.25 1.184.07 528.10 22&)C 1.322 31 20301 108£ strpe Fees icc 1.945 30 430C 4316.09 54.141.77 53.154.58 1.385.78 4e1.77 0.44e 42 10242 20.078 C 88.889 55 .2331 203 15 5.70229 ,229 45 10,844 LXI 1.951 39 832ce vlg & RdcBY Fi31 InarKFRSI 10.130. 10.448.•3 .558.0] 10ZB31.70 471.87 10254 0.135 19 7.7Cfj C 2497.37 813.&1 1.495.92 Church ligtrrt 3nd r Curch hervJ Cbjrch tdeptr
From To 01 January 2025 31 December ?0 01 January 2024 311)ecember Xl24 Hal répaKs aThl mantenance Hal light and prm Hal heab"n9 Reclcry repars maitenance 3.702 55 2.629 02 1.409 00 2.417 63 1,831.30 2,118.67 205.83 10,537.24 4.4PO.17 2.662.43 1.339.00 382.97 1.754.30 1..39 186.56 9,746.94 109.26 Water cargesl rales Upkeep of grounds Inwrar Heatth & Safety Costs lj account Legal fees 660.00 os.001 6.00 4,049.01 2,493.79 1,889.00 FlJTchase worntrip and olher boc*¥ 127.03 2,265.48 Vnit frorn Sala T Ottw Grfs Porish Organiwabon chiklrens Porish Oryanisation Co¥ts-Youth rrMrMstr Parish Oryani%ation Cost5 Young Parish Organi%ation C4st$.ArtQN Parish Organi%ation costs. M U Otstre&h Hartxyji Cateriro refres1 Panty and Harbour IT Soltware c & bdlrirww costs comm01 & t¢ead 3.00 4,247 32 3,70131 4,893.20 2,484.64 41.50 327 80 4255 5.545.60 8.4.04 920.76 6.027.49 3.517 07 176 85 1.5W 00 2,476.62 1.562.42 1.935.13 81.50 TotalEwenLltweon 1tbaCIPlfotrs 288.558 79 2T2,30721 aer and slaff 149.92 Total¢hereYenthtI? 149.92 Totsl experKlithre 294,874.88 276,951.54 1454.521 13.086 001 528,049.70 52,869.12 163.784.981 538,965.56 Trwsfers tollfroml Btwghtftard bakne Totsl ¢7ed b8kgnce 12
Restoration Bangoi Parish Church - NIC 102615 Receipt5 and payments lected perk)d: 01 January 2025 to 31 December 2025 From To 01 January 2025 31 December 2025 01 January 2024 31 t)ecernber 2024 Restoratio- Restoration Fund (Restricted) Fund Donatio and legacaes stdg rJers Caft ad 1,240 2,810 702 ToE8ILlThtions 6Tr9 1,240 3.512 Bank bjlding soc4ety wrtetest Totsl InCe aThJ endo*Trents 1.240 3.512 htf<xwartl balanre lollfrthn 1,7 15,187 117.0001 1,7Th) 2.941 13
Property Bangor Parish Church- NIC 102615 RÈcelpts and payments Selectsd perM)d: 01 January 2025 to 310ecember 2025 From To 01 January 2025 31 December 2025 111 January 2024 31 Decernbef 2024 Priyerty- Property Development (Designated) Fund Donatiorts and legaoes Don"cfis dg orders 8ulding Hope Gift ad lax tecove Bequests & Le918$ SS.060.00 15,764.00 S,? 00 13.7[.00 5.OW.00 9.131.85 T0talDon£ty&nL1le9&eS 78,260 9.13185 from eharit&4e xlmbes Spe(izl FuTrY rTr). CorKerts 1,371.00 1,371 Bank 1th.J s18ty 4.61110 1.2&3.58 T1 InVestnt$ 4,61120 1.288 58 Tolal Incun8 and endoThents 84,242.20 10,420.43 Exditre ExsTh1iLre on chaiitabk actsvitses Church repai amd m?dntenance Hal repaxs and rniintenance 12.79J.80 14,361.00 2.960.00 27. 157 P 2.960 Ik) Totsl eXpeule 27,151.80 2.960.IXI .084 40 259.814.23 7.460.43 175.353 80 7T.0) QO 59,814.2 Biougmfwward balance TrSfer5 lollfroml Totsl carwied fonxrd b*nce 14
Missions Bongoi Parish Church - NIC 102615 Recelpts and payments Sekcted peiiod: 01 January 2025 to 31 Decèmbgr 2025 From To 111 jul 2025 31 De¢ern 2015 01 Jonuary 2024 31 December 3J14 Mission- Mission Fund (Restricted) Fund Donations legatie8 Weeljy en¥el(¥>es Don*"ons Stanth 785.C4J 3,389.00 11,640.00 2,289.13 18.103.13 345 00 4,Q4.1 S,240.00 1,756.47 17.965 57 T(ttjatLEa1I¢v8¢JES Totsl InCe aThJ 18.103.13 11.965.57 Expendrbjre ExFeTrJIre on charilat4e ac 15.995.00 15,5fy) 00 IS.5 OD 15.995. Totsl expenthture 15,995.(Kl 15.500.( 2,113 12.109 WI 250.00 49.1 .534 4 3,784.98 10.551 250. Transfers Wfrornl oughtftxward balance Totsl Coled bfje
Pantry and Harbour Bangor Parlsh Church - NIC 102615 Receipts and payments Selected period: 01 January 2025 to 31 December 2025 From 01 January 2025 To 31 Dec 2025 01 JaThuary 2024 31 December 2024 Ponty- Pantry and Hatboui IResttictedl Fund Donations and legacaes Donation 1.050 00 00 5.20D.00 standkng 0r$ TL8llkntsonsaIleqes I.9 S,2.00 Inco from chJrtat4e xl Incorne for Partsh lallOnS Incthme for Party 109 1,476 65 1.586.15 605 00 TolfOrne fn>mchwrlaL4e4LIMties NOTeCur[ 0-Off wants 40D 00 3.536.15 0.205.iKI EXPendire Ex1knre on charltaNe Path aj Hart)wr Donations lo 0lheroryarisatior¢J 4,283.69 689.00 5.522.15 4.972 69 5.522.15 Totsl expentknire 4.971.69 5,522.15 Brought Iard blance Transfets tr10) Totsl carwied folwa balarKe 682 85 5.195 00 16
Bells Bangor Parish Church_ NIC 102615 Receipts and payments sected period: 01 January 2025 to 31 December 2025 Frcln To 111 January 1025 31 Decernbet 2025 01 jul 2024 31 Decernber 2024 Bell . Bell Ringers IReslricte<ll Fund Int¥ from chatitth InCth for Partsh CMg¥isakns Totsl Ikjcome from clmitable 175 00 175 00 326.90 175.(Kl 326.9) EApendiiu Rdisirmj furKts Bank IAes tharge& 25.65 25.6J ExFeThture on Chaiitab acts%ves Donations lo o1herorgl)r ojsic & befAir0E costs 175.00 175 ts? 326 90 Totsl eXpeThJire 2.65 326. Ext8ss of1rtc arAI tr4er Exp**ltwe BrC4tyht1ard baance 125 651 574 83 574.83 549.18 574.83
Bowls Bangor Parish Church . NIC 102615 Receipts and payments Selected peiiod: 01 January 2025 to 310ecember 2025 From 01 January 2025 To J1 Deceml)er2025 01 January 2024 J1 December 2024 Boling- BovAing Club Fund IRe5trictedl Fund Incthme ftom charit&4e xb%ibes Inec£ for Parish 1$al 0.00 695 17 570.00 695 17 k bJAthr#J nlerest 9.53 Tcrtal Income aThJ 8n(knThnts 579.53 695.17 EXpeIllre Raisny rJ3 Swdry e 11428 147.75 114.28 147.75 Df)ation8 to OtherWJIatis 5C4) 00 550.00 S.00 Totsl expenditure 614.28 697.75 134.751 .15 12.581 39J.73 388.15 Browhl f(Ward bz4ance Tolal caThied 1Crfrd balance 353.40 18
Notes to the financial statements for the year ended 31st December 2025
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared on a going concern basis in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
The Parish meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost and transaction value unless otherwise stated in the relevant accounting policy note(s).
b) Preparation of accounts on a going concern basis
The Parish generally meets its day to day working capital requirements from its annual income. The Trustees are satisfied that the Parish has resources to provide a reasonable expectation that it can continue to meet its financial obligations as they fall due for the foreseeable future. Therefore, these financial statements have been prepared on a going concern basis
c) Income
Plate Collections, Weekly Envelopes are accounted for on a cash receipts basis as the amount is collected.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Legacies are included within Income under either unrestricted or restricted funds according to the terms under which the donation is made and when the amount can be quantified with reasonable certainty. Donations and gifts in kind are brought into the accounts at their fair value to the Parish.
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d) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
e) Tangible assets
The assets of the Parish comprise: -
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Church Building
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Parish Centre
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Glebe House
The Church Building is deemed to be a Heritage asset as defined by the Charities SORP (FRS102).
These Heritage assets are not included on the balance sheet as information on the cost or valuation is not available and such information cannot be obtained at a cost commensurate with the benefit to the users of the accounts and to the parish.
The Parish Centre was built in 1905. There are no reliable records of the cost of this acquisition and valuation approach for such a building lacks sufficient reliability. As a result, this building is not recognised in the parish balance sheet.
The Glebe House is recognised at cost, being the estimated fair value of the property at £450,000. No depreciation has been provided on the glebe house as the current estimated residual value is not less than its carrying value and the remaining useful life currently exceeds 50 years.
f) Investments
Fixed asset investments comprising investment properties, investments in equities and investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each balance sheet date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment. Unrealised gains and losses represent the difference between the fair value at the beginning and end of the financial year or, if purchased in the year, the difference between cost and fair value at the end of the year. Realised gains and losses represent the difference between the proceeds on disposal and the fair value at the start of the year or cost if purchased in the year. Both realised and unrealised gains and losses in investments are reported within “Net Gains / (Losses) on Investments” within the Statement of Financial Activities.
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g) Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts are shown within Creditors Amounts falling due within 1 year.
h) Financial instruments
The Parish only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction price and subsequently measured at their settlement value.
i) Funds
Funds are classified as either restricted funds or unrestricted funds, defined as follows.
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.
Endowment funds are funds which have been given on the condition that the original capital sum is not reduced, but the income there from is used for the purpose defined in accordance with the objects of the Parish.
Unrestricted funds are expendable at the discretion of the trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are earmarked at the discretion of the trustees for a purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the trustees’ discretion to apply the fund.
2. Critical accounting judgements and estimation uncertainty
Estimates and judgments made in the process of preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees do not consider that there are any critical judgments made in applying the Parish’s accounting policies or that there are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next financial year.
3. Taxation
Bangor Parish Church is recognised as a charity for the purposes of applicable taxation legislation and is therefore not subject to taxation on its charitable activities.
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4. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
There are no employees in receipt of employee benefits in excess of £60,000
5 . Payments made to Missions
| 5.Payments made t | o Missions | |
|---|---|---|
| 2025 | 2024 | |
| Scripture Union | 1250 | 1250 |
| Latin Link | 1200 | |
| Evangelical Alliance | 300 | 300 |
| Summer Madness | 500 | 500 |
| Storehouse | 2000 | 1000 |
| Love for Life | 300 | |
| Open Doors | 3000 | |
| Frontiers | 500 | |
| Tear Fund | 1750 | 2000 |
| S A M S | 5500 | 5200 |
| Bangor CAP | 3195 | 1750 |
| Pantry & Harbour | 5195 | |
| 21190 | 15500 |
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