OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

PARISH OF ST. PAUL AND ST. BARNABAS

Receipts and Payments Account for the year ended 31 December 2023

Note Unrestricted
Funds 2023
£		 Unrestricted
Funds 2023
£		 Restricted
Funds 2023
£		 Restricted
Funds 2023
£		 Total
2023
£		 Total
2022
£
Receipts
Envelopes and StandingOrders 5 37,541 3,116 40,657 33,426
Loose Collections 1,051 - 1,051 282
Other Donations & Special Events 6 3,495 - 3,495 3,780
Investment Income 7 283 - 283 689
Gift Aid 8 - 872 872 6,868
Special Collections for Charity 9 - 376 376 1,307
Grant Funding 10 - 11,237 11,237 1,510
RectoryRent 10,200 - 10,200 8,800
St Peter and St James 10 - 2,080 2,080 1,040
Power NI Refund 600 - 600 6,606
Total Receipts 53,170 17,681 70,851 64,308
Payments
Priest-in-Charge 4 - 2,080 2,080 1,040
Diocesan Fees 11 49,540 - 49,540 28,702
Hope Counselling 12 - 8,201 8,201 8,293
All Churches Trust - - - 1,259
ClergyAccommodation 4 10,200 - 10,200 8,886
Utilities & Rates 8,931 - 8,931 8,228
Maintenance 2,569 5,883 8,452 16,443
Buildings Insurance 5,250 - 5,250 5,154
Cleaning 4 4,814 - 4,814 3,514
Administration 2,959 - 2,959 1,895
Donations to Charity 9 - 540 540 1,101
SundaySchool 1,229 - 1,229 756
Catering 1,830 - 1,830 509
Music Ministry 718 - 718 401
Audio-Visual 13 - 4,490 4,490 -
ZOOM Subsciption - - - 108
Sundry - - - 1,494
Total Payments 88,040 21,194 109,234 87,783
Excess of Payments over Receipts for
theyear		 (34,870) (3,513) (38,383) (23,475)
Transfers between funds 16,287 (16,287) - -
OpeningBank balance and cash 29,094 34,797 63,891 87,366
ClosingBank balance and cash 10,511 14,997 25,508 63,891

Signed on behalf of the Trustees on 28[th] May 2024:

Rev’d Brian Lacey, Chairman

Mr John Nelson, Treasurer

1

PARISH OF ST. PAUL & ST. BARNABAS

Statement of Assets and Liabilities at 31 December 2023

Note Unrestricted
Funds
2023
£		 Unrestricted
Funds
2023
£		 Restricted
Funds
2023
£		 Restricted
Funds
2023
£		 Restricted
Funds
2023
£		 Restricted
Funds
2023
£		 Endowment
Funds
2023
£		 Total
2023
£		 Total
2023
£		 Total
2023
£		 Total
2023
£		 Total
2022
£		 Total
2022
£		 Total
2022
£		 Total
2022
£
Cash Funds
Current Account 10,511 3,796 - 14,307 39,506
Regeneration Account - 11,201 - 11,201 24,385
Total Cash Funds 10,511 14,997 - 25,508 63,891
Investment assets
Rectory 1(b)
(ii)		 - 250,000 - 250,000 250,000
Investments in RCB/CIT Unit
Trusts		 1(b)
(ii)		 10,192 - - 10,192 9,886
Total investment assets 10,192 250,000 - 260,192 259,886
Debtors
St James’ Endowment Fund - 52,000 - 52,000 -
Deposit for Clergy
Accommodation		 - 1,700 - 1,700 1,700
Tax Relief on Gift Aided
Donations		 12, 649 869 - 13,518 7,193
Total Receivable 12,649 54,569 - 67,218 8,893
Creditors
Crosslinks - 116 - 116 -
The LeprosyMission - 100 - 100 100
Royal British Legion - - - - 290
NI Children’s Hospice - 100 - 100 100
The Mission of Seafarers - 100 - 100 100
Friends of Asha - 100 - 100 100
International Justice Mission - 100 - 100 100
Alzheimer’s Society - 100 - 100 100
UCB Ltd(Word for Today) - 100 - 100 100
South American Mission Society - 100 - 100 100
Light of the World,India - 100 - 100 100
Other Charities - 117 - 117 117
Total Payable - 1,133 - 1,133 1,307

Signed on behalf of the Trustees on 28[th] May 2024:

Rev’d Brian Lacey, Chairman

Mr John Nelson, Treasurer

2

PARISH OF ST. PAUL & ST. BARNABAS Notes to the financial statements for the year ended 31 December 2023

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: -

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

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.

1st Jan
2023		 Valuation
adjustment		 31st Dec
2023
RCB/CIT Unit Trusts – General 9,886 306 10,192
Total Investment Assets 9,886 306 10,192

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

2. Reconciliation of Cash Funds

£
Total Cash Funds at Beginningof the Year 63,891
Receipts for the Year 70,851
Payments for the Year (109,234)
Total Cash Funds at End of the Year 25,508

3

PARISH OF ST. PAUL & ST. BARNABAS

Notes to the financial statements for the year ended 31 December 2023 (continued)

3. Movements in Funds

Restricted Cash Funds Bank
Balance
at 1st Jan
2023
£		 Bank
Balance
at 1st Jan
2023
£		 Incoming
Resources
£		 Incoming
Resources
£		 Outgoing
Resources
£		 Outgoing
Resources
£		 Transfers
£		 Transfers
£		 Bank
Balance
at 31st Dec
2023
£		 Bank
Balance
at 31st Dec
2023
£
Building Regeneration Fund (BRF)– donated
by parishioners for the renovation of the
parish hall(including gift aid).		 - 3,988 (5,883) 2,400 505
Sunday School Grant– donated by the
Diocese in 2023 for SundaySchool resources.		 - 237 - - 237
Hope Counselling Fund -£7,000 donated by
the Priorities Fund in 2023 to support Hope
Counselling.(Note 12)		 2,800 7,000 (8,201) 5,929 7,528
Special Projects Grant– donated by the St
James Endowment Fund in 2019 to support
Hope Counselling (incl £2,800 above) and
otherprojects.		 12,329 - - (12,329) -
Community Projects Grant– donated by the
Black Santa in 2023, to support projects for
refugees
and
those
facing
economic
challenges in the local community.		 - 1,000 - - 1,000
Remote Worship Grant– donated by the
R.C.B. in 2020 to purchase technology to
broadcast worshiponline.		 1,402 - - (1,402) -
Audio-Visual Fund– donated by the Priorities
Fund in 2022 and 2023 for the provision of
display/broadcasting facilities in the church
and halls.(Note 13)		 - 3,000 (4,490) 6,074 4,584
Priorities Fund 672 - - (672) -
Special Collections for Charity– donated by
parishioners to support external charities.		 1,307 376 (540) - 1,143
Priest-in-Charge Grant– donated by the
Parish of St Peter & St James in 2023 to pay
the costs of the Priest-in-Charge.		 - 2,080 (2,080) - -
Rectory Rental 16,287 - - (16,287) -
Total Restricted Cash Funds 34,797 17,681 (21,194) (16,287) 14,997

Rectory Rental Income had been incorrectly classified as restricted and has now been transferred to unrestricted funds. The closing balance of that fund at 31[st] December 2022 was £16,287.

The Special Projects Grant, donated by the St James Endowment Fund in 2019 for community engagement has been distributed to specific restricted projects as shown above.

The Remote Worship Grant and Audio-Visual Grant have been combined in the Audio-Visual Fund.

The opening balance of £672 on the Priorities Fund has been allocated to the Audio-Visual Fund.

4

PARISH OF ST. PAUL & ST. BARNABAS Notes to the financial statements for the year ended 31 December 2023 (continued)

1. Transactions with the Trustees

Two Trustees, the Rev’d Brian Lacey and the Rev’d Andrew Irwin, are remunerated by virtue of the offices they hold as members of the clergy. During the year, the Rev’d Lacey received £2,080 from the Parish (2022: £1,040). In the same period, the Parish paid invoices totalling £41,500 raised by the Diocese of Connor for the services of the Rev’d Irwin (2022: £18,827). The Parish also paid £10,200 for the Rev’d Irwin’s housing expenses (2022: £8,886 including rent for eight months, rental deposit, new fridge, and window blinds).

Mr Alan McIntosh, is a trustee and has received a total of £4,300 in 2023 for being a counsellor for Hope Counselling Support which comes from funding (2022: £6,575).

Ms Claire McIntosh, is not a trustee but is the daughter of Mr Alan McIntosh, a trustee. She is a cleaner for the church and received a salary of £4,758 in 2023 (2022: £3,514). She is also a counsellor for Hope Counselling Support receiving £1,638 in 2023 (2022: £430) which comes from grant 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.

5. Envelopes and Standing Orders

Unrestricted
£		 Restricted
£		 Total 2023
£		 Total 2022
£
Free Will OfferingEnvelopes 34,491 - 34,491 26,309
Free Will OfferingStandingOrders 3,050 - 3,050 3,475
Building Regeneration Fund Envelopes - 2,516 2,516 3,042
Building Regeneration Fund Standing Orders - 600 600 600
Total 37,541 3,116 40,657 33,426

Free Will Offering is for general purposes, whereas the Building Regeneration Fund is for special projects or for the renovation and maintenance of the parish halls.

6. Other Donations & Special Events

Unrestricted
£		 Restricted
£		 Total 2023
£		 Total 2022
£
Donations in Memory 110 - 110 1,000
Translink 100 - 100 100
Smartie Box Appeal 290 - 290 335
Marmalade Jar Appeal 182 - 182 168
General Donations 135 - 135 1,350
Special Events 2,500 2,500 665
Harvest Collection 178 178 162
Total 3,495 - 3,495 3,780

Donations in Memory were given by the Tweedie and McKnight families.

Translink made a donation of £100 in thanksgiving for a Memorial Service at the Midland Railway Cenotaph.

A concert was held in the church on 28[th] January, featuring David Curry and other musicians, which raised £2,500 for general funds.

5

PARISH OF ST. PAUL & ST. BARNABAS

Notes to the financial statements for the year ended 31 December 2023 (continued)

7. Investments

TRUST NAME VALUE
£		 DIVIDEND
£
CIT Mrs Caves 47 1
CIT Susan Tougher 394 12
RCB – St Paul A Harrison 4,255 118
RCB – St Paul B T Hewitt 21 -
RCB – St Paul Rev’d C Allen 434 12
RCB – St Paul Parochial Funds 149 4
RCB – St Paul Boulter 2,410 67
RCB – St Paul T H Purdon 213 6
RCB – St Paul Wayleave 139 4
RCB – St Barnabas M C Stevenson 111 3
RCB – St Barnabas PAR FDS 1,593 45
RCB – St Barnabas RAUBB 425 12
TOTAL 10,192 283

8. Gift Aid

Gift Aid was claimed on the restricted income of 2022, but no claim was made on unrestricted income. It is intended that a claim will be made in 2024 for all outstanding amounts.

9. Special Collections for Charity

Money raised for charity in both 2022 and 2023 has not yet been paid out, with the exception of a donation to the Royal British Legion (£290 collected in 2022 and paid out in 2023, and £250 collected and paid out in 2023).

Any donations outstanding will be made in 2024. (See Creditors in Statement of Assets and Liabilities.)

10. Grant Funding

Four grants were received by the parish in 2023:

6

PARISH OF ST. PAUL & ST. BARNABAS

Notes to the financial statements for the year ended 31 December 2023 (continued)

11. Diocesan Fees

2023
£		 2022
£
Curate’s Stipend 28,552 14,446
Curate’s Locomotory 6,941 3,541
“Per Cure” ClergyPension Fund 4,407 2,453
Diocesan Fair Share ` 3,567 4,155
Curate’s ClergyPension Fund 2,933 1,430
Clerical Employer’s NI Contribution 2,685 1,376
Curate’s Office Allowance 389 195
Legal defence insurance 66 66
Rural Dean’s Fee - 1,040
TOTAL 49,540 28,702

The Diocesan Fair Share is the contribution of the parish towards the Bishop’s Stipend and the costs of the Diocesan Office.

The Diocese administers the payment of the Curate’s stipend and taxes, and then seeks reimbursement of the same. Half of these costs are funded by the St James’ Endowment Fund, to be drawn down in 2024.

12. Hope Counselling Fund

2023
£		 2022
£		 2022
£
OpeningBalance at 1stJanuary 2,800 11,093
Receipts -
Priorities Fund Grant 7,000
Total Receipts 7,000 -
Payments
Counsellors’ Payment* 7,500 7,005
CounsellingSupervision 185 400
CounsellingResources 338 573
Counsellors’ Certification 178 315
Total Payments 8,201 8,293
Excess of Payments over Receipts for theyear (1,201) (8,293)
Transfer from Special Projects Grant 5,929 -
Closing Balance at 31st December 7,528 2,800

*£4,750 of payments in 2023 are for work carried out in 2022.

7

PARISH OF ST. PAUL & ST. BARNABAS Notes to the financial statements for the year ended 31 December 2023 (continued)

13. Audio-Visual Fund

2023
£
OpeningBalance at 1stJanuary -
Receipts
Priorities Fund 3,000
Total Receipts 3,000
Payments
Audio-Visual/BroadcastingTechnology 4,490
Total Payments 4,490
Excess of Payments over Receipts for theyear (1,490)
Transfer from Special Projects Grant 4,000
Transfer from Remote WorshipGrant 1,402
Transfer from Priorities Fund 672
Closing Balance at 31st December 4,584

8