2022-12-31-accounts - BELFAST/Belfast: St. Paul & St. Barnabas/St. Paul/Connor/Church of Ireland

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PARISH OF ST. PAUL AND ST. BARNABAS

Receipts and Payments Account for the year ended 31 December 2022

	Note	Unrestricted Funds 2022 £	Unrestricted Funds 2022 £	Unrestricted Funds 2022 £	Restricted Funds 2022 £	Restricted Funds 2022 £		Total 2022 £	Total 2022 £		Total 2021 £


Receipts
F.W.O. and Regeneration Envelopes			29,784			3,642		33,426			32501
Discretionary Fund			-			-			-		-
Loose Collections			282			-			282		264
Tax Relief on Gift-Aided donations			5,826			1,042			6,868		6993
Investment Income			689			-			689		692
Donations			-			2,115			2,115		709
Donation in Memory			-			1,000			1,000		1000
Donation for Flowers			-			-			-		100
Church Hall Window Donations(incl. Gift Aid)			-			-			-		300
Special Events	5		162			503			665		541
Power NI Refund			6,606			-			6,606		-
Special Offertories	4		-			1,307			1,307		1096
Remote Worship Grant			-			1,510			1,510		-
External Funding forprojects			-			-			-		2680
Parish of St Peter and St James			-			1,040			1,040
Rectory Rent			-			8,800			8,800		7800
Total Receipts			43,349		20,959			64,308			54676

Payments
Clergy Costs	6		18,259		1,040			19,299			-
General clergy pension fund				4,043	-				4,043		3,925
Cleaner	6			3,514	-				3,514		5,740
Clergy Housing Expenses	6			-	8,886				8,886		-
Diocesan Expenses – Fair Share & Insurance				4,155	-				4,155		5,021
Bank Charges				315	-				315		293
Church Music License				401	-				401		840
Catering Expenses				509	-				509		-
Clerical Support				2,245	-				2,245		2,280
Heat, Light, Water + Gas				8,228	-				8,228		8,557
Church Insurance				5,154	-				5,154		4,616
Fire & Security Alarms Maintenance				1,739	-				1,739		963
Internet, Security Alarm & Telephone				927	-				927		4,232
Remote Worship Expenses				-	108				108		-
Missionaries & Donations				1,101	-				1,101		1,000
Stationery				1,580	-				1,580		1,988
Sunday School				756	-				756		260
Sundry				1,494	-				1,494		502
Hall Regeneration				6,310	-				6,310		6,414
Expenses of externally fundedprojects				-	9,552				9,552		21,492
Rectory Expenses				-	1,289				1,289		1,342
General Repairs				6,178	-				6,178		6,819
Total Payments			66,908		20,875			87,783			76,284
Excess of Payments over Receipts for theyear		(23,559)			84		(23,475)			(21,608)
OpeningBank balance and cash			52,653		34,713			87,366		108,974
ClosingBank balance and cash			29,094		34,797			63,891			87,366

Restricted funds are monies which have been given to the charity for the express purpose of the maintenance of the buildings, for outreach projects or for other specified purposes. Further details can be found in note 3.

Approved by the Trustees and signed on their behalf on 20[th] May 2023 by:

Rev’d Brian Lacey, Chairman

Mr John Nelson, Treasurer

PARISH OF ST. PAUL & ST. BARNABAS

Statement of Assets and Liabilities as at 31 December 2022

	Note	Unrestricted Funds 2022 £	Unrestricted Funds 2022 £	Restricted Funds 2022 £	Restricted Funds 2022 £	Restricted Funds 2022 £	Endowment Funds 2022 £	Total 2022 £			Total 2021 £
Cash Funds
Current Account		29,094			10,412		-		39,506			52,503
Regeneration Account		-			24,385		-		24,385			34,863
Total Cash Funds		29,094			34,797		-		63,891			87,366

Investment assets
Rectory	1(b) (ii)		-	250,000			-	250,000			250,000
Investments in RCB/CIT Unit Trusts	1(b) (ii)		9,886	-			-			9,886		10,679
Total investment assets			9,886	250,000			-	259,886			260,679

Debtors
C of I Orphans and Children’s Society			-			-	-			-			6,000
Rental Deposit			-			1,700	-			1,700			-
Tax Relief on Gift Aided Donations			6,324			869	-			7,193			6,869
Total Receivable			6,324			2,569	-			8,893		12,869

Creditors
Curate’s Costs			3,095			-	-			3,095			-
Missionaries & Donations	4		-			1,307	-			1,307			1,101
Sundry			25			200	-			225			50
Heat,Light,Water & Gas			953			-	-			953			-
Clerical Support			-			-	-			-			725
Expenses of externally funded projects(Hope CounsellingSupport)			-			-	-			-			3,080
Independent Examiner’s fee			575			-	-			575			300
Cleaner			56			-	-			56			-
Stationery			402			-	-			402			-
Church Music License			42			-	-			42			-
General Repairs			-			350	-			350			180
Total Payable			5,148			1,857	-			7,005			5,436

Approved by the Trustees and signed on their behalf on 20[th] May 2023 by:

Trustee 1:

Rev Brian Lacey, Chairman

Trustee 2:

Mr John Nelson, Treasurer

PARISH OF ST. PAUL & ST. BARNABAS

Notes to the financial statements for the year ended 31 December 2022

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

(i) Assets retained for the Parish’s own use

The assets of the Parish, retained for its own use, comprise: -

Church Building
Church Hall

The Church Building are deemed to be Heritage assets as defined by the Charities SORP (FRS102). These Heritage assets are not included in the statement of assets and liabilities 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 Church Hall is not physically attached but on the same grounds as the Church Building, as such is not separable as an individual asset. Therefore it is deemed to be a Heritage asset and no value is ascribed to it in the statement of assets and liabilities.

(ii) Investments

The Rectory is recognised at a current value of around £250,000. Depreciation is not provided on investment property measured at fair value.

Fixed asset investments comprising investment properties, investments in equities (ordinary shares) and investment in RCB/CIT Unit Trusts are initially recorded at cost and are then subsequently stated at fair value at each year end date. Investments in unquoted investments are recorded at cost and are assessed annually for impairment.

	1 Jan 2022	Valuation adjustment	31 Dec 2022
Investment Assets
RCB/CIT Unit Trusts – General	10,679	(793)	9,886
Total Investment Assets	10,679	(793)	9,886

2. Reconciliation of Cash Funds

Reconciliation of Cash Funds
	£
Total Cash Funds at Beginning of the Year	87,366
Receipts for the Year	64,308
Payments for the Year	87,783
	------------
Total Cash Funds at End of the Year	63,891

PARISH OF ST. PAUL & ST. BARNABAS Notes to the financial statements for the year ended 31 December 2022 (continued)

3. Movements in Funds

Restricted Cash Funds	Bank Balance At 1st Jan 2022 £	Bank Balance At 1st Jan 2022 £	Bank Balance At 1st Jan 2022 £	Incoming Resources £	Outgoing Resources £	Outgoing Resources £	Transfers £	Bank Balance At 31st Dec 2022 £
Regeneration, Church Hall Works & Outreach	(36,520)			8,302	-		28,218	-
RectoryRent		45,880		8,800	(10,175)		(28,218)	16,287
Special Offertories for third parties		-		1,307		-	-	1,307
RCB Grant – Remote Worship		-		1,510		(108)	-	1,402
Church of Ireland Orphan’s & Children’s Society		(6,000)		-		-	6,000	-
St. James Endowment		22,911		-		(7,782)	-	15,129
Priorities Fund			6,672	-		-	(6,000)	672
Belfast City Council – Community Recovery Support Fund			510	-		(510)	-	-
Parish of St Peter & St James			-	1,040		(1,040)	-	-
All Churches Trust Ltd			1,260	-		(1,260)	-	-
Total Restricted Cash Funds		34,713		20,959	(20,875)		-	34,797

Purposes of Restricted Funds

The purpose of Regeneration & Outreach was to pay for works to the Church and for outreach activities not covered by other restricted funds.
Income from Rectory Rent is first to be used to provide housing for clergy and for any Rectory expenses and then at the discretion of the Select Vestry towards other costs.
Income from Church of Ireland Orphan’s & Children’s Society, St. James Endowment, and Priorities Fund are to be used for ministry projects.
The allocation by the Select Vestry of funds to Hope Counselling and other ministry projects is discretionary, and within the terms of the various funders' restrictions.
Income from Belfast City Council – Community Recovery Support Fund was to be used for material resources for Hope Counselling Support.
Income from All Churches Trust Ltd was to be used to go towards roof protection system installation for the Church and Church Hall.

Transfers between Restricted Funds

£28,218 was transferred from the Rectory Rent Fund to the Regeneration Fund to cover additional Church Hall works costs.
£6,000 was transferred from Priorities Fund to eliminate the deficit on the Church of Ireland Orphan’s & Children’s Society Fund.

PARISH OF ST. PAUL & ST. BARNABAS Notes to the financial statements for the year ended 31 December 2022 (continued)

(3) Movements in Funds (continued)

Breakdown of Receipts and Payments for Hope Counselling Support

	£	£
Opening Balance at 1st January 2022	11,093

Receipts
		-
Total Receipts		-

Payments
Counsellors’ Payment		7,005
Counsellors’ MembershipFees		315
Supervision Fees		400
Laptop		405
Stationery		136
Ink		32
Total Payments		8,293

Excess of Payments over Receipts for theyear	(8,293)

Closing Balance at 31st December 2022	2,800

1. Collections Received for Third Parties

Charity	Donations 2022 £	Donations 2021 £
The LeprosyMission	100	25
Royal British Legion	290	171
NI Children’s Hospice	100	100
The Mission of Seafarers	100	100
Friends of Asha	100	100
International Justice Mission	100	100
Alzheimer’s Society	100	100
UCB Ltd(Word for Today)	100	100
South American Mission Society	100	100
Light of the World,India	100	100
Lifewords	-	100
Other	117	-
Total Donations	1,307	1,096

The above amounts have been included in Receipts for the Year under “Special Offertories” and in Creditors for the Year under “Missionaries and Donations”, payable in 2023.

PARISH OF ST. PAUL & ST. BARNABAS Notes to the financial statements for the year ended 31 December 2022 (continued)

2. Special Events

Event	Amount Raised 2022 £	Amount Raised 2021 £
Smarties Box Money	335	88
Harvest	162	235
Marmalade Money	168	218
Total Amount Raised	665	541

The above amounts have been included in Receipts for the Year under “Special Events”, the restricted element of which, £503, having been added to the Regeneration & Outreach Fund.

3. Transactions with the Trustees

Two Trustees, the Rev Brian Lacey and the Rev Andrew Irwin, are remunerated by virtue of the offices they hold as members of the clergy.

During the year, Rev Lacey received £1,040 from the Parish.

In the same period, the Parish paid invoices totalling £18,259 raised by the Diocese of Connor for the services of Rev Irwin. The Parish also paid £8,886 for Rev Irwin’s housing expenses.

Mr Alan McIntosh, is a trustee and has received a total of £6,575 in 2022 for being a counsellor for Hope Counselling Support which comes from funding (2021: £4,035).

Ms Claire McIntosh, is not a trustee but is the daughter of Mr Alan McIntosh, a trustee. She is a caretaker and cleaner for the church and received £2,912 (excluding £602 tax) in 2022 (2021: £2,912+ £728 tax). She is also a counsellor for Hope Counselling Support receiving £430 in 2022 (2021: £1,400) which comes from funding.

Other than the above no other 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.