Ban
Parish
(The Church of Ireland)
or Abbe
Annual Re
Year Ended 31 December 2022
ort & Financial Statements
st
istered with The Chari
Commission for Northern Ireland
NIC 102619
Contents
Page 2
Reference and Administrative inforn]ation
Page 3
Structure & Governance
Page 4
Trustees Responsibilities
Page 5
Objectives
Page 6
Achievements
Page7&8
Financial Review
Page9&10
Statement of Disclosure
Page 11
Independent Examiner's Report to the Trustees
Page 12
Balance Sheet
Page 13
Statement of Financial Activities
Page 14
Analysis of Income
Pagc 15
Analysis of Expenditure
Page 16
Notes to the Financial Statements
Page 17-23

Annual Re
ort for the
st
ear ended 31 December 2022
Reference & Administrative information
Charity Name
Charity Registration Number
Contact Address
Bangor Abbey Parish Church
NIC 102619
Bangor Abbey Parish
I, St. Malachy's Way
Abbey Street, Bangor, B T20 4JB
Trustees
Mrs. F. Barton
Mr. D. Bradshaw
Mr. D. Burn (until 2614/22)
Mrs. R. Heaney
Mrs K. Henderson
Mr. R. Kelly
Mr. D. McQuitty
Mr N. Barton( From 2614122)
Mr. N. Bradshaw
Mr. S. Ferguson
Mr. J. Henderson
Mrs. S. Irwin
Mr E. McGookin (from 2614122)
Mr. J. Moller (until 2614122)
Canon R. Nesbitt
Mr. G. Savage
Mrs. S. Switzer
Ms. J. Walker
Mrs K. Simpson (until 2614122)
Princi
Clergy.,
al Office Bearers
Rev. Canon R. Nesbitt (Incumbent)
Church Warden (Clergy)
Church Warden (People)
Hon. Secretary:
Hon. Treasurer:
Ms. J. Walker
Mr. N. Barton
Mrs. K. Henderson
Mr. R. Kelly
Inde
endent Examiner
ABS Accountants (Bangor) Ltd.
TIA D. L. Neill & Co.
I, May Avenue
Bangor
BT20 4JT
Bank details
Danske Bank Ltd.
Bloomfield Shopping Centre
Bangor
BT19 7HB

Annual Re
ort for the
st
ear ended 31 December 2022
Structure Governance and Mana
ement
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 Vesty
are held at least once a year. The Select Vestry is elected as part of this General Vestry
meeting. The Select Vcsty 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
tenns which may be served.
Pay and Remuneration
The current Incumbent of Bangor Abbey Parish, Rev. Canon R. Ncsbitt, is a Trustee
of the Parish by virtue of his Office. He is in receipt of stipends and of office and
locomotory allowances in accordancc with figures approved by the General Synod of
the Church of Ireland. No other Trustee of the Parish of Bangor Abbey is in receipt of
any payment for serving as a Trustee.
Organisational Structure
The Select Vestry is responsible for the day to day management of the Parish. The
Select Vestry consists of the Incumbent member of Clergy serving in the parish, any
Curate Assistant, the Churchwardens, the Glebewardens and generally not more than
twelve other members of the General Vesty 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 meets at times fixed by the members or by the Diocesan Synod.
Special meetings may be convened at any time by the chairperson or the
Churchwardens. In 2022 the Select Vesty met 9 times during the year and the
average attendance was 77 % .

Annual Re
ort for the
st
ear ended 31 December 2022
Statement of Trustees, Responsibilities
The Trustees are responsible for preparing the Trustee, report and the Financial
Statements in accordance with applicable law and regulations,
The law applicable to charities in Northern Ireland requires the Trustees to prepare
Financial Statements for each financial year.
Under that law the Trustees have prepared these 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 acci)unts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)"
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:
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent.
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.
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 k¢eping accounting records that are sufficient to
show and explain the Parish's transactions and disclose with reasonable accuraLy 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) Rcgulations (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.

Annual Re
ort for the
ear ended 31, December 2022
The Trustees present the Annual Report and Financial Statements for
st
Bangor Abbey Parish Church for the year ended 31 December 2022.
Ob'ectives and Actlvities
The charitable purpose of Bangor Abbey Parish Church ( Church of
Ireland) is the advancement of the Christian religion.
The principal function of BangorAbbey Parish Church is to support the
advancement of the Christian religion by promoting, through the work of
Bangor Abbey Parish, 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 Abbey 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 Abbey Parish Church.

Annual Re
ort for the
st
ear ended 31 December 2022
Achievements Performance & Public Benefit
The Trustees of Bangor Abbey Parish (The Select Vesty) has the responsibility of
co-operating with the incumbent, the Rev. Canon R. Nesbitt, in promoting in the
Parish, the whole mission orth¢ Church, pastoral, evangelistic, social and
ecumenical. The Trustees are responsible for the maintenance of the Church of
Bangor Abbey, Bangor Abbey Parish Centre and St. Columba's Church. Kilcooley.
The Trustees are committed to enabling as many people as possible to worship at
both Bangor Abbey and St. Columba's and to become part of our Parish community.
Our services and worship put faith into practice through prayer and scripture, music
and sacrament. The Trustees try to enable ordinary people to live out their faith as
part of our Parish community through:
Worship and prayer
Learning about the Gospel
Developing their knowledge and trust in Jesus
Provision of pastoral care for people living in the parish
Missionary and outreach work.
To facilitate this work it is important that we maintain the fabric of both Church
buildings and the Parish Centre.
Worshi
and Pra er
Bangor Abbey Parish offers a range of services during the week and over the course
of the year that our community find both beneficial and spiritually fulfilling. For
example, regular Sunday services of Holy Communion, Morning & Evening prayer at
the Abbey provide a quiet, intimate and reflective environment for worship. Similar
services are also held most Sundays at St. Columba's Church and at Clandeboye
Chapel. Bangor Abbey endeavours to ensure that opportunities are also provided for
people to engage in more outgoing forms of worship suLh as that provided by the
monthly All Age Worship services. Special arrangements are made throughout the
year for Baptisms, Weddings etc. All are welcome to attend our regular services.
Unfortunately, due to the restrictions placed on everyone, because of Covid, we
have had to reduce our services this year. To compensate this we have embraced social
media and produced services on Facebook and YouTube.
At present some 340 families take Weekly Offering Envelopes. The average weekly
attendance, counted during November, was circa 150.The attendance does ebb and
flow considerably throughout the year, increasing at Easter and Christmas services
and would nornially average at circa 200.
As well as our regular services, we enable our community to celebrate and thank
God at the milestones of the journey through life. Through Baptism we thank God
for the gift of life, in Marriage public vows are exchanged with God's blessing and
through Funeral services friends and family express their grief and give thanks for
the life which is now complete in this world and to commend the person into God's
keeping. Ideally, the Trustees would lik¢ the Church building to be open to our
community for private prayer at all times, Unfortunately, this is not always possible.

Annual Re
ort for the
st
ear ended 31 December 2022
Pastoral Care
With the Covid restrictions eased, during the week a mixture of Church organisations
and various external groups use the Parish Centre.
The Mothers and Toddlers group meet on Tucsdays with around 20 - 25 children
and their Mothers, or other carers, regularly attending. The Scout Group, the Guides
and the Sunday Group are all very well supported and give the young people of the
Parish and beyond. a safe, welcoming place to meet and make friends within the
Christian ethos. Also the Drama group have resumed and put on an excellent Pantomime
just after Christmas. At the other end of the age range, the Men's Association meet on
Monday evenings for a series of informative talks, whilst Thursday mornings sees
a group of volunteers meeting to maintain the Grave)'ard and surrounding Church
grounds. These activities offer a great opportunity for friendship and company. The
same is true of the Bowlers on a Monday evening and the Craft Group on alternate
Tuesday afternoons.
Bible Study Groups meet during the week to facilitate a greater understanding of the
Bible and it's teachings for anyone interested.
External groups like R.N.l.D. Bright Sparks playgroup, Music Bugs, Pilates and
Dancercise are just a few of the groups that use the hall regularly.
Some members of the Parish are unable to attend Church due to sickness, infimity
or age. Canon Nesbitt strives to visit (socially distanced) such Church members
when requested, and also to celebrate communion with them if they so desire.
The Parish Office produces a monthly Parish Magazine, to help those unable to attend
to at least keep in touch with Church life and Parish activities.
Ecumenical Relationshi
The Parish of Bangor Abbey continues to enjoy a close working relationship with the
other denominational Churches within the town. These long-established and cordial
partnerships continue to help foster good community relationships and is reflected
in a willingness to come together for joint services where appropriate.
Mission and Evan
elism
Helping those in need is a demonstration of our faith. The details of Bangor Abbey
Parish's financial support for various Mission groups can be found elsewhere in this
annual report, but the response to both regular and emergency appeals during the
year continues to be very positive.
Public Benefit
The Trustees of the Parish of BangorAbbey have 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 them to achieve the Parish's
objectives and activities. as well as providing public benefit.

Annual Re
ort for the
st
ear ended 31 December 2022
Financial Review
I start this my Third review by once again offering my sincere thanks to each and every member of
the Count Teams, especially the teams that helped in the past year. To Mrs. Rosie Heaney (Count
Team Co-ordinator), and to Mr & Mrs Knipc (Weekly Offering Recorders). Mr & Mrs Knipe are
retiring from their roles at the end of 2022 and I wish them all the best for the future. They will be
replaced by Mr Mark McIlreavy and I look forward to working with him.
The end of 2022 sees BangorAbbey Parish complete it's Seventh year as a fully registered Charity
with the Charities Commission for Northern Ireland. At the end of the first six years, we have
successfully completed the Annual Return process as required under the appropriate legislation.
This legislation lays out strict guidelines for the way in which the Trustees of the Charity (in our
case, Ihc Select Vestry) must present their Annual Report.
Bangor Abbey now operates three separate Current Accounts as listed below, all of which are held
with Danske Bank, Bloomfield Centre, Bangor.
No. l or General Account (Unrestricted)
No. 2 or Building Reserve Account (Restricted)
No. 4 or Parish Centre Account (Restricted)
In order to reduce bank charges, two accounts were closed during the year:
No. 3 or St. Columba's Account has been closed and the balance ( £ 2,537.13) transferred into
the number 4 account. This amount was restricted and continues to bc restricted.
No. 5 or Henrietta Moran Music Fund Account has been closed and the balance {£ 4,4447,18)
transferred into the number 4 account. This amount was restricted and continues to be restricted.
Funds in the No. l Account (Unrestricted) can be used to pay any expense as decided by the Select
Vestry, and as such it covers the majority of all expenditure, from salaries and pensions, to repairs
and maintenance, and all utility bills, office costs etc. The funds in the Restricted accounts can only
be used for the specific purpose of that account, not to cover general expenses.
At each monthly meeting, Select Vestry members (Trustees) are provided with a monthly Income &
Expenditure Report, which includes a Year-to-Date Income & Expenditure update. They also
receive a Budget Report each month and periodic forecasts as to likely financial outcomes where
appropriate. It should be stressed that no spending is undertaken lightly or without due
consideration regarding affordability. However, as previously stated, many areas of expenditure
(e.g. Salaries, National Insurance, Pension contributions) are imposed upon us and are beyond the
Select Vestry's direct control.
This financial summary is primarily concerned with the No. l General Account, which looks after
the day-to-day running costs of the Parish, but will also make reference to the No. 2 Building
Reserve Account. The other accounts require no specific comment due to the very limited activity
within each, throughout the year.

Annual Re
ort for the
ear ended 31, December 2022
Financial Review
(Continued)
Total Income for the year in No. l Account was £152 268, a decrease of £1 O 010 on the figure for
the previous year, which was £162 278. Thcsc figures do not include Special Collections. Like all
Churches and charities, the past year has been very difficult, and everyone has found it hard to
generate funds.
The expenditure during the year totalled £158 798, an increase of £23 728 on the previous year's
total spend of £135 070. As we are all aware, the rise in prices is having an effect on us all. The
church is no diff¢rent and th¢ Select vestry are looking at ways to reduce our expenditure.
To reduce are bank fees we have amalgamated three of our bank accounts into one. To reduce our
phone bills. we have closed the phone lines in the Abbey church and St. Columba's, these phones
were not being used.
A large expense this year was a new "sound system" for the parish centre, the Drama club donated
over half of the cost of the project.
Can I take this opportunity to thank the Select Vestry, for the work that they do throughout the year,
monitoring the income and expenditures at the monthly Select Vestry meeting, to ensure that the
parishioners get value for money
Total Income for the year in No.2 Account was £153,554.
This year saw us pay bills to the value of over £31000 for the Church Refurbishment. This leaves
only one outstanding bill which should be paid in January 2023. This is a great achievement
especially as we did not need to borrow any money to complete the refurbishment.
We spent almost £5,000 on the Curateage, to bring it up to the standard so that we could rent out the
property. We have rented it out and at present it is bringing in over £ 1,000 per month.
By the end of the year we had total current assets of over £368 000 an increase of almost £120 000
on last year.
The Select Vestry would like to thank every parishioner who helped us to achieve this position. But
please do not stop there, as over the coming five years we anticipate major capital expenditure on
the Tower and the Rectory.
Three years ago we hadn't heard of Covid 19, so it is hard too know what the next year has in store,
but the rising price of Gas and Electricity and most other things, will bring new challcnges which
hopefully we as a congregation will be able to overcome.
Roy Kelly
Honorary Tr¢asurer
28 January 2022
10

Annual Re
ort for the
ear ended 31°, December 2022
Statenmrt as to disclosure to our Independent External Examiners
In so far as the Trnstees a￿ aware at the timing of approving our Thstees, annual
report:
There is no relevant examination infonnation of which the charity's
Independent External Examiner is unaware: and
The Thstees have taken all steps that they ought to have taken to make
themselves aware of any relevant examination infornJatiorA and to establish
that the Independent External Examiner is aware of that infonrAation.
Independent External Examiners
The Independent Examlner for the Financial Statements of Bangor Abbey Parish is:
ABS Accountants (Bangor) Ltd
TIA D. L. Neill & Co.
I, May Avenue
Bangor
BT20 4JT
ABS Accountants (Bangor) Ltd. Have indicated their willingness to continue in office,
and a resolution concerning their reappointment will be proposed at the Annual
Easter Vestry Meeting.
On Behalf of the Th]stees
Rev. Canon R. Nesbitt
Mrs K Henderson
chairn￿n of Thistees
Hon. Secretary to Thistees
Date: I" February 2023
Date- I" Febrnary 2023
11

Independent Examiners, Report to the Trustees of
Bangor Abbey Parish
I confirm that this firm is a member of the Institute of Chartered Accountants in Ireland
and is therefore qualified to act as Examiner to charities with an income in excess of
£ 250,000. l also confirm that l am a person qualified to carry out such an examination.
I report on the accounts of the charityforthe year ended 31December 2022 which are set out
on pages 13 to 23,
Respective responsibilities of trustees and examiner
The Charity's trustees are responsible for the preparation of the accounts in accordance with
the Charities Act (Northern Ireland) 2008.
It is my responsibility to:
examine the accounts under section 65 of the Charities Act ,
follow the procedures laid down in the general Dire.ctions given by the Charity Commission under
section 6519llbl Charities Act,.
state whether particular matters have come to my attention;
Basls of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity
Commission for Northern Ireland under section 6519llbl of the Charities Act. An examination
includes a review of the accounting 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 anv
such matters.
My role is to state whether any material matters have come to my attention giving me cause
to believe..
l That accounting records were not kept in accordance with section 63 of the Charities Act
2 That the accounts do not accord with those records
3 That the accounts do not comply with the accounting requirements of the Charities Act
4 That there is further information needed for a proper understanding of the accounts to be reached.
Independent Examlners Statement
I have completed my examination and have no concerns in respect of the matters I to 4 listed
above and, in connection with the Directions of the Charity Commission for Northern Ireland,
I have found no matters that require to be drawn to your attention.
FCA
ABSA
ountants IB
Tradi
g as DL Neill &
l May Avenue
Bangor BT20 4JT
rl Ltd
Date: 20 February 2023
12

BANGOR ABBEY PARISH- NIC 102619
8alance Sheet detslled
Asat
3111W2022
Asat
3111212021
Flxed a558ts
4010.. Land and buildings
£610,[￿.00
£510,QOO.OD
Total Flxed 8888ts
£610,000.00
£810.000.00
CuTronta888ts
5111.. No 1 AccoL*)t IGener•ii
5112.. No 2 ACCOU￿ IBuildlrrfJ ReseN61
5113 No 3 Accourn 1st Columba's)
5114.. No 4 Account IParish C8nir81
5115". No S Account (H. Moran Music)
£102.062.93
É245.143 80
EO.OJ
£21.014.93
£0.00
£108.045 13
£124.676.98
£2.555.80
£8,820.58
£4,441.60
Total Curront as80ty
£368,221.66
£248,539.89
N•t A•••t •urplus Id•fl¢lti
£078.221.
6B.639.89
R•8er¥ots
EX￿S$ I IdeficNI to dat•
8tortlng ball￿8
£119.681.77
£858.539.69
£33.033.84
£825,506.05
Total R888rv8•
E978,221.66
£859,539.89
R•pro8•nt•d by Funds
Unro8irith•d
0•81gn8ied
R88iricl8d
Endowment
£712,062.93
£718,045.13
£2e6,158.73
£140.494.76
Totsl
£978,221.68
£858,539.89
P&8e 13

BangorAbbey Parish- NIC 102619
Statsmgnt of Financial Actlvles
For the p¢rfod from 01 Jinuary 2022 to 31 Decemb8r 2022
Unr•*tsl¢t•d
funds
D•814ft*l•d
funds
ResMGtgd
funds
Endowm•nt
fund¥
Total
fundi
Prlor year
totsl fvndl
Incomo and •ndo*Ynonts from..
Donat￿n$ ano
Incomoff¢m chatrtable
Otherlradiw actwilies
t1SO.561.
£189.70
.403.37
£8,632 01
£17,322.40
£407.59
£41,065.44
£263.(K)6.28
£6.821.71
£17.322.40
£703 38
£42.763 58
£239.294 44
£7,129.61
£6.590 00
2954
£20.295 10
9578
e1.698.14
Oiharlncom•
Tot41 In¢offl•
£161,740.49
£16B.870.B1
£320.£11.20
£273,43•.0•
Exp•ndllur• on..
£18,13B2e
E151,58943
31.624.24
£1,5B2 80
£47.762.80
£153.171.93
£97.200.71
£143,604.54
Expenoiiur•on ¢h8rn8DI8
Totsl •xp•ndl¢¥r•
£167.727.8¥
£33.206.84
£200.934.03
£240,806.26
N•t In¢omD I{•xpindftuT•I r••ourc•• b•for• tr4Mf•r
S.982.20
12S,UJ.97
11•,681.77
E33.033.84
Oth•r r•¢
nlmd Ioiu•
N•t mov•mènt In lundB
4S.M2.20
126,013.•7
119,081.77
£33.033.84
Recon¢lll4tlon olfund•
T•t•l fvnd¥ brou
htforyiard
E718 046.13
£1M 4M.71
£?58 539.89
£B25 506.05
Tot•1 bJnd$ e•rrf•d I0￿41d
fT12.Q¢193
£1￿160.73
£97B,121.16
58,539.09
A•pr•*•nt•d by
Unr•slncto¢
l>norai futhy
£712.Ce2.93
L7I2.r￿2 93
£718.04S.13
R•Jlrki•d
Buwdlng R•88
Sl ColumbE's
Partsh Contre
H Moran MVBIC
£24S,143.
E245,143.80
£124.e78 98
£2.5$5.60
£8.820.58
e4.441.eo
£d1,014.93
£21.014,93
£712,IM2.93
£268.16ll.7J
£970,221.66
14

Analysis of income and expenditure
Selectèd period: 01 J•nuary 2022 to 31 December 2022
Total
Unrestrictqd
008bgnated
Restrf¢t¢d
Endowm•nt
Th18 year
Last ye•r
Income and endowments
Donatlons and legacle$
1010- Weekly envelopes
1020- Other general donations
1025- Standing Orders
1035-Loos8 plata collections
1045- Gilt aid tax recover&d- reg giving
1060- Donations for specific purp05e5
1065- Bequests & Lega¢ie8
1070- Oonations trom Parish
Organisation5
Donation? and legacl88 Totsl•
£91,310.81
£91,310.81
£8.719.00
£50,044 00
£3,594.78
£24.818.52
£12.011.25
£53,856.00
£8,205.60
£106.746.08
£10.319.46
£54.500.00
£1.019.01
£31.385.00
£2,724.93
£3a.199.96
£2,400.00
£8.719.00
£15.070.00
£34,974.00
£3.594.78
£20,205.05
£9,477.25
£4.613.47
£2,534.00
£53,856 00
£8,205.60
£159,581.89
£0.00
£92,998.07
£0.00
£252,559.96
£229,294.44
In¢omg from ¢horltsblg O¢tlvltS0$
1110- Magazine Income- advert151ng
1115- Parish magazin8 & Publication
¥ale$
1125- Fund raising events
1135- Church foas IAIII
£55.30
£134.40
£340.00
£395.30
£134.40
£0.00
£20.00
£5,607.31
£1,130.00
£5,607.31
£1, 130.00
£7,109.61
£D.QO
In¢omo from ¢harltibl¢ *¢tlvltl••
Total8
£189,70
£o,00
£7,077,31
£0.00
£7,267.01
£7,129.61
Other trading activltie8
1210- Rent from lands or buildings
1220- Churth hall letting3- charitabl•
object
1230- Churth hall letting8- fund rai6in9
£4,898.40
£4,898.40
£0.00
£o,oo
£O.¢XJ
£12,424.00
£12,424.00
£8,590.1]0
Othor tradlng actlvltl•8 Totalg
to.00
£0.00
£17,322.40
£0.00
£17,322.40
£6,590.00
Investmènts
1310- OividendB
1330- Bank 8nd building Society
int8resl
£3.S8
£292 20
£356
£699.79
£7,09
È522.85
£407.59
Invo8tm•nts Tot•l•
£295.76
£0.00
£407.59
£o,00
£703.3S
ÈS29.94
Other Incorn•
1430- Other income
£1,e98.14
£41,065.44
£42,783.58
£20,295.10
Oth•r Ineom• Totalj
£1.898.14
£0.00
£41.085.44
£0.00
£42,763.58
£20,295.10
Income and gndowmfrnts
Grand Total8
£161,745.49
£0.00
£158,870.81
£0.00
£320,816.30
£273,839.09
15

Shetl
Analysis of income and oxpenditurè
Sglected period: 01 January 2022 to 31 December 2022
Tetal
Unr¢$trl¢ted Dgslonatvd
Restrfctod Endowment
Thls year
Last y8ar
Exp¢ndltur
Ra181ng lurbdB
2210_ Olllté Exp8nsès IAIII
2230- Equipment purchases & rep•irs
2235- Bank fees dnd Ghdrge8
2250-Publicatlon Exp8nstr$
2280- Speslal prDjeGI
2285- Sundry expens0$
£2,395.39
£6,694.48
£355.14
£89.90
t2.395.39
te,894.48
£552.60
£89.90
£31.426.88
£6.325.35
£1.378.58
£11.6e4.48
£412.48
£64.50
£76.019.$3
£7.481.14
£197.46
£31,426.88
£6,325.35
Rilslmg fund8 Total8
£16,060.26
£0.00
£31,624.34
£O.OD
£47,e84.60
£97,040.71
ExpendltUf• on charltablo •ctlvltl•a
2110- Salar&?s & Allowances IAIII
2114- NaiionBI InsurBn¢8 & Tax IAII
SlafQ
211S- Penslon conlributlons IAII Stan
2118- Oioce58n Assessrnonl
2124- Church repalrs and rnalntenw
212e- Heating & Light IEleGlrioity &
Gasl
2133- Hall repalr8 and malnl•n8rKe
2137- Hall déaning
2142- Rectfxy repalrs ond malntenan
2167- Pr¢ptrty & Wai•r Raial IAIII
2173- Gr8v8yard malnlenafKe contract
2175- In9uranc•
2182- Music purcha$•8
2187- Charfty DO[￿tIOn￿ l Mi8810n
•¢tlvhy
2187 A- Rect￿ Dlicr•lionwy Fund
allocations
2188- Prosenlallon ExpenMI
219J- fravel Bur8arle5
2191- Spec￿1 Collection Paymont•
2210A- Postage Expens•s
2210B- Telephme & Brood￿n& ¢o¥t*
e54,922.34
£10,139.02
£54.922.34
£10,139.02
£52,464 63
£10,322.88
£10,644.65
£15,166.02
£8.097.10
£11,765.55
t10.644.65
£15.166.02
E9.637.10
£11.765.59
£10,320.17
£14,474.02
£14,157.99
£8,759.79
E1.540.¢0
tO.fM)
£3,574.60
E1,157.00'
£4,366.93
£2,425.00
£5,978.36
E42.50
£11,Crt)O.00
Éo.00
£2,095.00
£0.00
£6,097.64
£2,550.00
t5,178.31
£47.19
£9,889.00
£3.574 60
£1.157.00
£4.366 93
£2,425.DJ
£5,978.38
£42.50
£11.OCpJ.eo
£1,800.rM]
£1,eoo.00
£8￿.00
£60.90
E60.90
£0.00
£8,929 75
£15.21
£1,624.94
£723.73
Éo.eo
£4.265,00
£157,74
E1.481.55
£8,929.75
£15.21
ti,824.94
Exp•ndltur• on charltsblo
•clvlU•s Tot•ls
È1S1,887.43
£o.tsJ
£1,582.50
£0.00
£153,24B.93
£143,784.54
Expondltur8 Grand total
£167,727.69
£e.
£33,206.84
£0.00
£200,934.53
t240,805.26
16

Annual Re
ort for the
st
ear ended 31 December 2022
st
Notes to the Financial Statements for year ended 31 December 2022
I: Accountin
oRicies
The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation of the financial statements are as follows:
Basis of
re
aration
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 FRS102. Assets and liabilities are initially
recognised at historical cost and transaction value unless othenvise stated in the
relevant accounting policy note(s).
Pre
aration of accounts on
oin
concern basis
The Parish generally meets its day-to-day working capital requirements from its
annual income. The Trustees have obtained and reviewed cash flow forecasts for
the coming year and based on these 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.
Income
Plate Collections, Weekly Envelopes, Standing Orders and other income are
accounted for on a cash receipts basis as the amount is collected.
Income arising from the rental of Parish Centre facilities to third parties is recognised
when the parish has entitlement to the funds, any perforn]ance conditions attached
to the income have been met, it is probable that the income will be received and the
amount can b¢ measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue'
grants, is recognized 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.
17

Annual Re
ort for the
st
ear ended 31 December 2022
enditure
Expenditure is recognized 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.
Tan
ible assets
The tangible assets of the Parish are comprised of Church Buildings and Graveyard.
Parish Centre, Rectory and Curatage. The Church Buildings ( Bangor Abbey & St.
Columba's) and the graveyard are deemed to be Heritage assets as defined by the
Charities SORP (FRS102). These Heritage assets are not included on the balanc¢ sheet
as inforn)ation on the cost or valuation is not available and such infomiation cannot
be obtained at a cost commensurate with the benefit to the users of the accounts
and to the parish.
The parish centre. although not physically attached to the church is deemed to be
part and parcel Bangor Abbey Church and is situated within the church gFrounds. It is
not separable as an individual asset. As such it is deemed to be a Heritagc asset and
no valu¢ is ascribed to it in the balance sheet as infom)ation 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 Rectory and Curatage are recognised at decmed cost, being the estimated fair
th
value of the property at 19 April 2022 as determined by Land & Property Services.
No depreciation has been provided on either property as the current estimated
residual value is not less than its carrying value and the remaining useful life
currently exceeds 50 years. Tangible assets are derecognised on disposal or when no
future economic benefits are exp¢cted. On disposal, the difference between the new
disposal proceeds and the carrying amount is recognised in the statement of
financial activities and included in 'Other operating (10sses)Igains'.
Investments
Fixed asset investments comprising investment properties, investment 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 asscsscd 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 unreali5ed
gains and losses in investments are reported within "Net Gains / (Losses) on
Investments" within the statement of Financial Activities.
18

Annual Re
ort for the
st
ear ended 31 December 2022
Cash and Cash e
uivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks,
other short-terni highly liquid investments with original maturities of three months
or less and bank overdrafts. Bank overdrafts are shown within Creditors Amounts
falling due within l year.
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 prÉce and subsequently measured at their settlement value.
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 usc, that may
be declared by the donor OT With their authority or created through legal processes,
but still within the wider objects of the Parish.
Endowment funds are funds that have been given on th¢ 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 unrcstricted funds are earmarked at the
discretion of the trustees for a particular 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: Crilical accountin
ements and estimation of uncertain
Estimates and judgements 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
ircumstanc¢s. The Trustees do not consider that there are any critical judgements
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: Goin
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
st
activities, and the financial statements for the year end 31 December 2022 can be
signed off as a'going concern"
19

Annual Re
ort for the
ear ended 31, December 2022
4: Reserves
oRic
It is the Trustees policy to maintain a balance on unrestricted funds (if possible),
which equates to at least three months unrestricted payments, equivalent to
£42,000, to cover emergency situations that may arise from time to time. The
balance of over £102,000 held on unrestricted funds, after designations, at the year-
end comfortably met this target. The balance of over £245,000 in the Building
Reserve restricted fund is retained towards meeting the anticipated cost
of upgrades and improvements to the Church and Rectory. Et is currently our
policy to invest our funds balances with Danske Bank.
5: Tan
4010
ible assels:
Fixed Assets: Land & Buildin
£610 000.00
th
Capital Value (as per Land & Property Services Valuation 19 April 2022)
The Rectory, 5 Downshir¢ Road, Bangor BT20 3TW
£440,000.00
The Curatage, 9 Pinehill Crescent, Bangor BT19 6SF
£170,000.00
6: Donations and Le
acies:
1060
l)onations for S
ccific Pur
ose:
£9 477.25
R.N.L.l.
Bishop's Appeal
Simon Community
Christian Aid ( Also £170 in cheques made out to Christian Aid)
Mayor's Charities
Storehouse
Harvest Appeal Envelopes
£ 2732.90
£ 1909.70
£ 1575.50
£ 1001.65
£ 954.00
£ 830.00
£ 473.50
7: Donations and Le
acieg:
1070
Donations from Parish Or
anigations:
£8
05.60
Bangor Abbey Craft Group
Bangor Abbey Drama Club
Bangor Abbey Bowling Club
Bangor Abbey Men's Association
Bangor Abbey Lodge LOL726
Bangor Abbey Mums and Tots
£3,805.60
£3,500.00
£ 400.00
£ 200.00
£ 250.00
£ 50.00
20

Annual Re
ort for the
st
ear ended 31 December 2022
8: Incomes from Charitable Activities:
1125
Fundraisin
Events:
£5 607.31
Car Boot Sale
Coin Jar
th
Mr & Mrs Shannon's 60 Wedding Anniversary
Carpark "Black Saturday"
Gin Tasting
£ 4,432.01
£ 195.30
£ 650.00
£ 250.00
80.00
9.. Ex
2230
enditure: Raisin
Funds:
ui
ment Purchases & Re
airs:
£6 894.48
Parish Centre: New P.A. System
Parish Centre: New Projector
Parish Centre: New Kettles
£6,277.48
£ 570.00
£ 47.00
10: Ex
2285
endilure: Raisin
Sund Ex
enses:
Funds:
£6 325.35
Catering Supplies (Car Boot Sale)
Fridge Magnets
Free Will Offering Envelopes
Consumables
Parish Centre: Fire Extinguishers / Service
Professional Fees (ABS Accountants)
Abbey: Fire Alarm Monitoring
Parish Centre: Alarm System Maintenance
Copyright and Streaming Licence
Parish Centre.. Skip Hire
Printing
Parish Centre: T.V. Licence
Royal Society Church Music (Annual Subscription
£1190.57
£ 660.00
£ 638.58
£ 591.48
£ 500.00
£ 500.00
£ 468.00
£ 402.00
£ 351.00
£ 240.00
£ 205.00
£ 159.00
£ 110.00
21

Annual Re
ort for the
5t
ear ended 31 December 2022
10: Ex
2285
enditure: Raisin
Sund Ex
enses:
Funds:
continued
Communion Wine supplies
Parish Centre: Entertainment Licence
Parish Centre: Gutter Repair
Abbey: Fire Alarm Service
Communion Cups
£ 88.00
£ 71.20
£ 62.00
£ 50.00
£ 38.52
11: Ex
2124
enditure on Charitable activies:
Re
airs & Mainlenance:
£9 637.10
Pinehill: Refurbishment
Parish Centre: Light testing & Boiler repairs
Parish Centre & Abbey.. Emergency Light testing & replacement
Abbey.. Repairs
St. Columba's Grass Cutting
Abbey: Painting
Ground Rent Fees (All Properties)
£ 4,679.17
£ 2,146.20
£ 948.00
£ 824.62
£ 680.00
£ 324.11
35.00
22

Annual Re
ort for the
st
ear ended 31 December 2022
12: Ex
2187
enditure on Charitable activities:
Chari
l Mission Donations:
£11 000.00
Shelterbox Trust
Barnabas Fund
C.M.s. freland
Church Army
Friends of Kiwoko Hospital (Uganda)
Leprosy Mission (N.1.)
Mission to Seafarers (N.[.)
£3,000.00
£2,000.00
£2,000.00
£1,000.00
£1,000.00
£1,000.00
£1,000.00
13: Ex
2191
enditure on Charitable activities:
ecial Collection
ments:
£8 929.75
RNLI
Bishop's Appeal
Simon Community
Christian Aid
Storehouse
Friends of Cancer Centre
Sunday School
£2732.90
£1909.70
£1575.50
£1001.65
£iooo.00
£ 410.00
£ 300.00
23