## **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: - - Church Building - Church Hall - Rectory 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: - i. **Diocesan Sunday School Grant:** £237 received for Sunday School resources. - ii. **St Peter & St James:** £2,080 received to cover payments made to the Priest-in-Charge. - iii. **Church of Ireland Priorities Fund** : £10,000 received for Hope Counselling (£7,000) and for Audio-Visual technology (£3,000). - iv. **Black Santa Grant:** £1,000 received for projects relating to refugees and those in economic need in the local community. 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