The Church Of Ireland Holy Trinity Church Woodburn Carrickfergus Financial report for the period ended 31st December 2023 Prepared by Drew Buchanan MBE Hon. Church Treasurer "The one who gives sparingly 11 also reap sparingly. and the one who sows bountifully will also reap bountifully. Each of you must give as you have made up your mind. not reluctsntly or under compulsion, for God loves a cheerful giver. And God is able to provide you with every blessing in abundan, so that by always having enough of everything, you may share abUndanY in every good work" 2 Corinthians 9 . 6 -8 HOLY TRINITY CHURCH www.hol trini carrick.or
HOLY TRINITY CHURCH CONTENTS Page Trustees, Report Statement of Trustees, Responsibilities Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Q}Tr.LP. 11 AR-
HOLY TRINITY CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Charity Name Holy Trinitylconnorlchurch of Ireland Charity Number NIC102642 Contact Mr Drew Buchanan MBE 11 Glenburn Manor Carrickfergus BT38 7TX Trustees Mr Drew Buchanan MBE Mrs Karen Buchanan Mrs Joan Cummings Mrs Mariory Edgar MSC, BSC Mrs Karen Hambleton Mr Richard Hambleton Mrs Louise Hanley Mrs Donna Harrison Rev Alan Mc Cann Mr Kel Mc Dermott Mrs Sharon Mc Neill Mrs Alison Moffett Mrs Fiona Shasko Mr Fred Shasko Mr Terry Shimmon Mr Victor Wootton Mrs Elaine Wright Office Bearers Clergy Church Secretary Church Treasurer Church Warden - Clergy Church Warden - People Rev. Dr. T.A.G Mccann Mrs Marjory Edgar MSC, BSC Mr Drew Buchanan MBE Mr Richard Hambleton Mrs Karen Hambleton Independent Examiner Michael Jonathan Crooks FCA Falconer Stewart 248 - 266 Upper Newtownards Road Belfast BT4 3EU Bankers Danske Bank 18 Ballymoney Road Ballymena BT43 5BY FALCONER ST1I%4R
HOLY TRINITY CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report and the independently examined financial statements for Holy Trinity Church Woodburn for the year ended 31 st Dernber 2023. Financial Review The downward trend in giving from 2022 continued in 2023 with income down 3.8 % and the budget for 2024 is working on the assumption income will be down a further 30A. The rise in expenditure during 2023 of over 5.8 % is expected to redu slighlty in 2024 but the gap between income and expenditure is increasing. This gap was filled in 2023 by using our reserves. General Account There were sixty eight sets of envelopes issued during 2023, down five on the previous year. We also have seventy six people contributing by standing order, up one on the previous year. Freewill offering is down by £2,980 on last year: a decrease of 3.70 The plate collection was £1,091 showing a significant increase from the £68 in 2022. Gift Aid We claimed Gift Aid on ninety seven eligible Freewill Offering ContributionslDonations, (up four on previous year). We received £26,215 up from £24,439 in the previous year. Of this amount £17,816 was allocated to the General Account , £5,146 to the Building Fund and £3,252 to the Number 2 Account. Building Fund There were sixty eight sets of envelopes issued during 2023 with twenty five being used, up one on previous year. We also have foty people contributy'ng by standing order, down one on last year. Income is down £621. a 2.10h decrease on last year. We still owe the bank £22,811 at 31 st December 2023. This amount will be paid off in December 2024. We have renamed this fund as Building (the Kingdom) Fund and the Vestry would ask that you continue donating as previously. Harvest Appeal Our appeal during 2023 was designated for the refurbishment of the toilets, We reiVed total of £3,203 and we thank those who contributed. Restricted Funds The slect vestry donated £10,000 towards a girls, domiitory at Aluka Secondary School in Zombo District in North East Uganda. The 2017 Church Uganda team had raised over £50,000 for their trip and £10,000 had been sitting in the church accounts ever Sin as it was not required during the hvo week trip. We continue to support fifteen children in the Abura Primary School in Uganda by paying Fields of Life to help them with their education. We donated £10,750 to various charities as outlined in the accounts. FALCONtR STEWARI
HOLY TRINITY CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (CONTINUED) So what does 2024 have in store for us? 2024 will be a difficult year and everyone needs to pray and reflect on their givings. Rising costs not only with oil and electricity but also with wages and other expenses. The budget shows a deficit of £14,000 and so we need to do things 1. Reduce Expenditure. 2. Increase Giving. Finally As treasurer I would like everyone claiming membership of the Church to contribute a recorded amount, you can see the £0 donations on the income sheet, and therefore I would encourage as many as possible to donate directly into the bank by standing order. Our vision of working in the community with Store House, Baby Bank, Food Bank and around the world with Fields of Life, Crosslinks, SAMS, Samaritan's Purse and Stand by Me could not happen without your support and for that I thank you. I want to thank everyone for their donations during 2023 and remember God is at work in our Church, in our Community and around the world. Jesus is building his Church and he is calling us in Holy Trinity to participate in his work. Contingent Liability Holy Trinity is subject to litigation in respect of a safeguarding matter. The outcorne of this litigation is uncertain at present and therefore no provision has been made in the accounts for same. Independent Examiner The independent examiner Michael Jonathan Crooks of Falconer Stewart, has indicated his willingness to continue in office and a resolution conceming his re-appointment will be proposed at the Annual General Meeting. Financial Statements The financial statements We approved by the trustees on 16th October 2024. Mrs Maoory Edgar MSC, BSC Trustee Dated: 12th January 2024 r4LCONER STE'A'AR
HOLY TRINITY CHURCH STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company 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 affairs and of the surplus or deficit of the charitsble organisation for that year. In preparing those financial statements, the trustees are required to: select suitsble accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis, unless it is presume that the organisation will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the organisation's transacts'ons and disclose with reasonable accuracy at any time the financial position of the organisation and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. A., CONER ITEWAR--
HOLY TRINITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY CHURCH I report on the accounts of the charity for the year ended 31 December 2023, which are set out on pages 6 to 8. Respective responsibilities of Trustees and Examiner The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under 65(9)(b) of the Charities Act (Northem Ireland) 2008 and that an independent examination is needed. The charity's gross income did not exed £250,000 and l am qualified to undertake the examination being a qualified Chartered Accountant. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to= (i) examine the accounts under section 65 of the Charities Act., (li) to follow the procedures laid down in the general Directions given by the Charities Commission under section '65(9)(b) of the Charities Act; and (iii) to stste whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the general Directions given by the Charities Commission. 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 explanations from you as Trustees Conrning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the next ststement. Independent examinerfs statement In connection with my examination, no other matter except that referred to in the previous paragraph has come to my attention.. (a) which gives me reasonable cause to believe that in any material respect the requirements.. (i) to keep accounting records in accordan with section 63 of the Charits'es Act" and (li) to prepare accounts which accord with the accounts'ng records, comply with the accounting requirements of the Charities Act and with the methods and principles of the Statement of Recommended Practi. Accounting and Reporting by Charities. have not been met or FALCONfrk 5" &I%4R"
HOLY TRINITY CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HOLY TRINITY CHURCH (CONTINUED) (b) to which in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Michael J Crooks Chartered Accountant Falconer Stewart 248-266 Upper Newtownards Road Belfast BT4 3EU Dated: 12th January 2024
HOLY TRINITY CHURCH STATEMENT OF FINANCIAL ACTIVITrES INCLUDING INCOIAE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Yèar Ended Year Ended 31 December 31 December 2023 2023 Year Ended Year Ended 31 December 31 December 2022 2022 Note INCOMING RESOURCES Unre5tncted General Fund Restrided Building Fund Restncted General Fund 1C6.644 28.673 23.247 103.742 31.829 Totsl irKoming rescxjrces 158.564 164.865 RESOURCES EXPENDED Management and administraion of organisaihjn Unre5tncted Gen8r81 Cost5 R8slrided Building Costs Restricted General Costs 103,983 7,891 39,674 107.484 8,4C6 45.078 Total Resources Expende(I 151.548 160,968 Ngt Ino)ming Reswr¢lEXFendrtuI 7.016 3.897 Fund balartss at l January 2023 1,294.805 1,290,908 Fund bal8rt8 carrièd fornya ai 31 DK8mber 2023 1,301.821 1.294,805 The staternent offinarrjal activitK8S also with ts rwwirernents ts an iru¥re aThJ endrture tyjnt under the Cornpanies Act 20(. FALiONF4 %-, LINAR T
HOLY TRINITY CHURCH BALANCE SHEET AS AT 310ECEMBER 2023 Year Ended 31st t)ecemlJer 2023 Y•ar Ended 31st Dte•mb•r 2022 FIXED ASSETS Church Builojing Rectory 1.150.Cts) 169.fYJ) 1.150.000 169,000 1.319.C(Q 1.319.000 CURRENT ASSETS Current Ar£ount Unrestn Building Fund Reslricte(I General FuTh Restrth Buchanan Tnjst -1.756 50,002 65.782 10.OCK) 49.374 49.353 10.C 109.632 124.028 CURRENT LIABILITIES Loa 22,811 23.107 22.811 23,107 NET CURRENT ASSETSILIABILITfES 86.821 11)0,921 TOTAL ASSETS LESS CURRENT LIABILITIES 1.405.821 1,419,921 LONG TERM LIA81UmES Loan 21.116 21.116 1,405.821 1.398.805 FUNDS Unrestricted Funds Building Fund ReStrd General Fur¥J Unr8strict8d 1.019.074 223.393 59,354 1.016.413 202.611 75.781 1.301.821 1.294.805 Revaluatw Reserve 104.f7 104,(KIO ACCUMULATED FUNDS 1.405.821 1.398.805 Thg Trustees ackncA¥ledge thw"r kl"1S for ensumJ Ihat the th8nl8trle ryganisaticfft keeps aCUtIr4 records which comply wt on 386 of the Aci and for Fyepanng 8rrnunts give a true and fair view of the stale of affairs of the Chantab organisatM as at the end ol the finaroal year and of rts Irv)Jning roscrtS and application of SourCes, induding rts Irrne and ex1wdrtu. ts the finamal year in accoril8rt wth the requirements of sectK)ns 394 a1 395 and vthKh OtSe the roqLtirwn8nts of Companies Act 20C6 rèlabry to accounts. so far as appIate to the organisatiNI. These aClntS hava Lwn prepa1 In acc( the SFeoal wovisions rd"ng to smaN Iwp8ni9s wrthin Part 15 of the Cornpanies Act 2006. The finanaal 5taternents *pre apwov•J ty the tNstees cffi 12th January 2024 Mrs Maoory Edgar MSC, BSC Trustee Dated. 12th January 2024 ALCOKfR STEV4AR
HOLY TRINITY CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. Accounting policies 1.1 Basis of Preparation The financial statements are prepared under the historical cost convention. 1.2 Incoming Resources The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounling practi}, which have been applied consistently (except as otherwise stated). Income represents donations received vthich are brought into the accounts on a cash basis. 1.3 Accumulated Funds The accounts have been prepared in accordance Vth the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011, Ihe Companies Act 2006 and the Statement of Recommended Accounb"ng Practi, "Accounting and Reporting by Charities" issued in March 2005. 2. Taxation No provision has been made for corporation tax as the organisation is a registered charity. 3. Analysis of Movement of Funds Net Incomingloutgoing ResOUe$ Balance 0110112023 Balance 3111212023 Unrestricted Funds Restricted Building Fund Restricted General Fund 1,016,413 202,611 75,781 2,661 20,782 -16.427 1,019,074 223,393 59.354 Accumulated Funds 1.294,805 7,016 1,301,821 ALCONEA 51 &"
HOLY TRINITY CHURCH MANAGEMENT INFORMATION YEAR ENDED 31ST DECEMBER 2023 Analysis of Income Unrestricted General Fund 2023 2022 Freewill Offering & Standing Orders Gift Aid Plate Collection Donations {Note 2) Bank Interest Uplift Fellowship Café 76.611 17,816 1,091 79,591 16.665 68 159 314 4,760 450 2,765 400 ¥ ji Young at Heart 81h Carrickfergus Boys, Brigade Diocese of Connor Indoor Bovls Tots Mid & East Antrim Council Transfer from No 2 Account Pilales Girls, Brigade 100 500 100 450 25 171 3.6C 100 800 1,710 250 120 750 1[,644 103.742 Restricted Building Fund 2023 2022 Freewill Offering & Standing Orders Gift Aid 23,528 5.147 24,196 5,098 28.673 29.294 Restricted General Fund 2023 2022 Buchanan Trust Mission Home & Overseas Gift Aid Harvest Donations 30th Anniversary Dinner Jubilee Aftemoon Tea Mid & East Antrim Counol Bowls Badminton Transfer from Unrestrided General FurKI 25 16,767 3.252 3.203 15 9,186 2,676 5.800 1,680 820 1.310 564 934 5.500 23,247 31.829 FALiONER iTtlY AR-
HOLY TRINiff CHURCH 10. MANAGEMENT INFORMATION YEAR ENDED 31ST DECEMBER 2023 Analysis of Expenditure Unrestricted General Fund 2023 2022 StipendlLocomotorylPensions Wages Musical Director & Cleaner National Insuran and Tax Heal & Light Church Expenses Rectory Expenses Missions & Charities 49.075 20.110 4.279 8.265 4.489 1,971 44.951 18.892 4.090 4.156 1.747 7,450 Ell GF Diocese of Connor Miscellaneous Website Bank Charges Accountancy Light Transfer to Restricled General Fund 9.321 2,028 432 280 600 133 8.974 2.187 432 302 600 157 5,500 103,983 107.484 Restricted Building Fund 2023 2022 Church Expenses Loan Inleresl 6.493 1.398 4,735 3,671 7.891 8,406 Restrlcted Gèneral Fund 2023 2022 Outreach Reclory Expenses Mission and Chartties Holiday Bible Club Summer & October Bowls Christmas Miscellaneous Repairs Transfer to General account HaNest Ardill Bequest 30th Anniversary 30th Anniversary Mugs Jubilee Tea Organ 14,320 8.553 10.750 5,337 21,945 8.050 450 202 35 111 414 311 3,600 122 1.121 2.591 1.339 2.618 39,674 45,078 F4L0=A 91 Lkl4R-
HOLY TRINifrf CHURCH MANAGEMENT INFORMATION YEAR ENDED 31ST DECEMBER 2023 SUMMARY OF ORGANISATION ACCOUNTS Opening Balance 11112023 Closing Expenditure Balance 3111212023 Income Boys, Brigade Boys, Brigade Charity Fellowship Cafe Flower Arranging Girls, Brigade Praise Band Sunday Teas Trinity Tots Young at Heart 736 424 3,161 360 4.170 825 2.582 2,905 319 4.113 886 2.634 33 707 433 492 992 465 97 217 2.675 668 178 278 2,727 700 81 804 411 367 41 5.212 12,681 12,522 5,371 4_=CK'ER STF"