PAIISH CHURCH. DUNMURRY St Colman's Parish Church, Dunmurry is a congregation of the Church of Ireland Financial Statements for the year ended 31st December 2023 Registered with the Charity Commission for Northern Ireland NIC103247
PARISH CHURCH. DUNMU*ItY St Colman's Parish Church. Dunmurry is a congregation of the Church of Ireland Trustees Annual Report and Financial Statements for the year ended 31st December 2023 Contents Charity Reference and Administrative Details Trustee5 Annual Report Independent's Examiner's Report Accounting Policies 8-10 Statement Of Financial Activities li Balance Sheet 12 Notes to the Accounts 13-16
S.rCa, PARISH CHURCH. DUNMURRY St Colman's Parish Church, Dunmurry is a congregation of the Church of Ireland Trustees Annual Report and Financial Statements for the year ended 31st December 2023 CHARITY TRUSTEES The Charity Trustees who served during the year or who were trustees at the date of this report were Rev. James Boyd Mrs Edna Stewart Mr5 Maud Ryan Mr James Waddell Mrs Irene McGaw Mr Kenneth Cathcart Mrs Dianne Mills Mr David McKinley Mrs Joy Mccandless Mrs Evaline Mitchell Mrs Marie Veale Mr John Gavin Mr Christopher Jones Mr Ekin McKane PRINCIPAL OFFICE BEARERS Chairperson Hon. Secretary Hon.Treasurer Rev. James Boyd (In Capacity of Rural Dean) Mrs Edna Stewart Mrs Maud Ryan INDEPENDEMf EXAMINER Broad Street Advisory Ltd 153 Kingsway, Dunmurry BANKERS Danske Bank Donegall Sq West, Belfast
S.rCa, PARISH CHURCH. DUNMURIY St Colman's Parish Church, Dunmurry Is a congregation of the Church of Ireland TRUSTEES ANNUAL REPORT for the year ended 31st December 2023 The Trustees present their Annual Report and Financial Statements forthe year ended 31 December 2023 including a Balance Sheet as at that date. STRucfuRE AND MANAGEMENT St. Colman's Parish Church Dunmurry "The Charity" is governed by it constitution and is constituted as a Chirity under the Charities Act (Northern Ireland) 2008. The Trustees of the Charity are nominated in terms of the constitution. Atrustee must be a member of the Charity or the nomFnated representative of an organisation that is a member of the Charity. The Board of Trustees manage and administer the Charity. Day to day operations and decisions of St Colman's Church are under taken through regular discussion between the Trustees. AcfiviTIES AND OBJECTIVES The Charity's principle function is to support the advancement of the Christian religion by promoting through the work of the 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 is fundamental to the practical delivery of the tenets of Christianity. As a result of activity in pursuit of the advancement of the christian religion, the Parish has custody of a large body of records, materials and artefacts of significance to the cultural heritsge, the maintenance of which is undertaken by the Parish as a secondary charitable purpose. All the functions of the Parish relate to the advancement of religion through holdtng regular worship and communicating with and caring for parishioners and others in the community.
PARISH CHURCH. DUNMURRY St Colman's Parish Church, Dunmurry is a congregation of the Church of Ireland TRUSTEES ANNUAL REPORT (convd) for the year ended 31st December 2023 ACHIEVEMENTS AND PERFORMANCE The Charity made a net inflow of funds during the year ended 31 December 2023 of £11.666 (2022: inflow of £12,474). The Charity was involved in charitable projects to achieve its stated objectives during the year. The Charity has assessed and is satisfied with the impact of its funding to these activities. FINANCIAL REVIEW The Trustees are satisfied with the financial position of the Charity at the year end 31 December 2023. The Charity has managed its incoming resources effectively in the year under review. The balance on the general fund at 31 December 2023 is £67,044 {2022: £55,378). This is held as £46,765 in unrestricted funds and £20,278 in restricted funds. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted fvnds are held by the Charity to cover specific expenses during the period. The Trustees have reviewed the budgets for the year ahead and are satisfied that there are adequate funds in place to ensure that the Church can continue its activities ad that the financial statements forthe year ended 31 December 2023 can be signed off as a going concern.
S.rCa, PARISH CHURCH. DUNMIIIEIY St Colman's Parish Church. Dunmurry is a congregation of the Churth of Ireland TRusfEES ANNUAL REPORT (convd) for the year ended 31st December 2023 VOLUNTEERS The Trustees wish to acknowledge their deep appreciation of the volunteers who give freely of their time by seniing on committees and helping with organisations and other church activities. PUBLIC BENEFrr STATEMENT The Church has given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the attivities entered into during the year have helped to achieve the Church's objectives as well as providing public benefit. The Trustees of the Church confirm that they have complied with their duty under section 4(bl of the Charities Act (Northern Ireland) 2008 to have regard to the Charity Commission for Northern Ireland's guidance on public benefit and that the public benefit requirement has informaed the activities of the Charity in the year ended 31 December 2023. Generally the above benefits are delivered locally by congregations and their members, or are facilitated through presbyteries or are organised and delivered centrally. Local delivery is facilitated by central resources in almost all cases. Public access is made known through the use of noticeboards. printed material, press advertisement, websites, and social media or in other ways.
PAIiISH CHURCH. DUNMURRY St Colman's Parish Church, Dunmurry is a congregatlon of the Church of Ireland TRUSTEES ANNUAL REPORT (convd) for the year ended 31st December 2023 RESPONSIBILITIES IN RESPEcf OF THE FINANCIAL STATEMENTS The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregations and the financial activities for that year. In preparing the 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 prepare the financial statements on the goin8 concern basis unless it is inappropriate to presume The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the funds transactions and disclose with reasonable accuracy at any time the financial position of the congregations and enable them to ensure that the financial ststements comply with the Statement of Recommended Practice "Accounting and Reporting by Charities11 January 2015)". They are also responsible for safeguarding the assets of the congregation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
PAIIISH CHUllCH. DUNMURIEY Independent Examinerfs Report for the endln8 31st Dttember 2023 To the trustees of St Colman's Parish Church. Dunmurry I report on the Financial Statements as attached Respectlve responslbilities of trustees and examiner As the charitvs trustees you 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 Dirertions given by the Charity Commission for Northern Ireland under settion 6519)(b) of the Charttie5 Act- and state whether particular matters have come to my attention. Basis of Independent &Yaminer's report I have examined your charity accounts as required undersection 65 of the Charities Act and my examination was carried out in accordance with the general Dirertions given by the Charity Commission for Northern Ireland under section 65(9}(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disdosures in the accounts, and seeking explanations from you as charity trustees Conrning any 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 Chartties Act 2.That the accounts do not accord with those accounting records 3.That the accounts do not comply with the accounting requirements of the Charlties Act 4.That there is further informatSon needed for a proper understanding of the accounts to be reached. Independent examiner's ststement Since your charitvs gross income exceeded £250,(MX) your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of the Institute of Chartered Accountants Ireland, which is one of the listed bodies.
PAIISH CHURCH. DUNMURIIY Independent Examlner's Report for the year ending 31st December 2023 have completed my examination and have no concern5 in respect of the matters (11 to14) listed above and, in connection with following the Directions of the Charity Cornmission for Northern Ireland, I have found no matters that require drawing to your attention. t Idviso Tony McAleenan FCA Independent Examiner Broad Street Advisory Chartered Accountants & Business Advisors 153 Kingsway, Dunmurry CHARTERED ACCOUNTANTS IRELAND 21st October 2024
PAIIISH CHURCH. DUNMURaY St Colman's Parish Church. Dunmurry is a congregation of the Church of Ireland NOTES TO THE ACCOUNTS 31st December 2023 ACCOUNTING POUCIES BASIS OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Ireland FRS102 section IA for small entities. The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the congregation is responsible in law. They do not include the accounts of church groups that owe their affiliation to another body, nor those that are informal gatherings of church members. The charity has applied Update Bulletin l as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section I The financial statements are presented in sterling which is the fvnctional currency of the charity and rounded to the nearest £1. The church meets the definition of a public benefit entity as defined in section 34 of FRSIO2. In the opinion of the Trustees, there are no significant judgements, assumption5 or estimates included in the financial statements, other than those described in the accounting policies below. FUNDACCOUNTING Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and {b) revenue donations or grant5 for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis. Unrestricted funds are incorne funds which are to be spent on the congregation's general purposes. Designated funds are general fund5 set aside by the congregation for use in the future.
PARISH CHURCH. DUNMURIIY St Colman's Parish Church, Dunmurry is a congregatlon of the Church of Ireland NOTES TO THE ACCOUNTS 31st December 2023 ACCOUNTING POLICIES {conVd) INCOMING RESOURCES Recognltion of Incoming resources These are included in the Statement of Financial Activities {SoFA) when: the congregation becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliably. Incomlng resources with related expenditure Where incoming resources have related expenditure (as with fundraising income) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations Grants and donations are only included in the SOFA when the congregation has unconditional entitlement to the resources. (Iv) Tax reclaims on donations and gifts Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. (v) Contractual income and performance related grants This is only included in the SOFA once the related goods or seNices have been delivered. {vl) Glfts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
PARISH CHURCH. DUNA4URRY St Colman's Parish Church. Dunmurry is a congregatlon of the Church of Ireland NOTES TO THE ACCOUNT5 31st December 2023 ACCOUNTING POUCIES (conyd) (vii) Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the serrfKe or facility received. (vii) Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annual report. (viii) Investment Income This is included in the accounts when receivable. (ix) Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value atthe end of the year. EXPENDITURE AND UABILMES Liabillty recognFtlon Liabilities are recognised as soon as there is a legal or constructive obligation committing the congregatlon to pay out resources. (xi) These are shown within charitable activities and include the costs of preparation and examination of accounts, the costs of trustee meetings and cost of any legal advice to trustees on govemance or constitutional matters. Governance costs (xll) Grants with perforniance conditions Where the charity gives a grant with conditions for its payment being a specific level of seniice or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. Support costs Support costs include central functions and have been allocated to activity cost categorie5 on a basis io
PARISH CHURCH. DUNMURRY St Colman's Parish Church. Dunmurry is a congregatlon of the Church of Ireland STATEMENT OF FINANCIAL ACTIVITY for the year ended 31st December 2023 Unrestricted Restricted Funds Funds Total Funds Totsl Funds 2023 2022 Income and Endowments from: Donations and legacies Charitable activities Other activities Investments Total 37,430 265 2.196 239 40,131 2,415 39,845 265 2,196 239 42,546 73,911 1,175 837 116 76,039 2,415 Expenditure on: Charitable activities Property Expenditure Admin Expenditure Total 4,940 16.920 5,766 27,627 4,940 20,140 5,799 30,879 5,387 54,010 4,169 63,565 3.220 32 3,252 Net Income / (expendlture) 12.504 (837) 11,666 12,474 Transfers between funds Gains/lloss) on revaluation of assets Gains/{loss) on disposal of assets Net movement in funds 12.504 (837) 11,666 12,474 Reconciliation of funds: Total funds brought forward 34.262 21,116 55,378 42,903 Total funds carried forward 46,765 20.278 67,044 55,378 The notes on pages 13 to 16 form part of these accounts li
PAIISH CHU%CH. DUNMUIERY St Colman's Parish Church, Dunmurry is a congregation of the Church of Ireland BALANCE SHEET As at 31st December 2023 Unrestricte Restricted d Funds Funds Total Funds Total Fund5 2023 2022 Current assets Cash at bank and in hand Total current assets Liabilities: Creditors: Amounts falling due within one year Net current assets or Ilabilities 46,765 46,765 20,278 20,278 67,044 67,044 55.378 46,765 20,278 67,044 55,378 Total assets less current liabllltles 46,765 20.278 67.044 55.378 Creditors". Amounts falling due after more than one year Total net assets or liabilities 46,765 20.278 67,044 55.378 Funds of the charlty 46,765 20.278 67.044 55,378 The financial statements have been prepared in accordance with the provisions under SectionlA of FR5102 The Financial Repsorting Standard applicable in the UK and Republic of Ireland Approved by the select vestry on 28.02.24 and signed on its behalf by: Rev. James Boyd Mrs Maud Ryan The notes on pages 13 to 16 forni part of these accounts 12
PAIISH CHURCH. DUNMURRY St Colman's Parlsh Church. Dunmurry is a congregation of the Church of Ireland NOTES TO THE ACCOUNTS 31st December 2023 NOTES TO THE ACCOUNTS (convd) DONATIONS AND LEGACIES Unrestricted Funds Restricted Funds Total Funds 2023 Total Funds 2022 Recorded giving." Freewill Offerings Plate Collections GiftAid Donations Dry Rot Repair Grant R.C.B Covid Grant Energy Support Grant Cremation Plot Fees Wedding Fees Fundraising 28.295 787 5,424 1,724 28,295 787 5,424 1,824 27,894 512 19,815 20.074 2,500 1.510 100 1,2(Kl 1.200 1,150 1,150 41)0 765 950 200 457 765 39.845 CHARITABLE AcfivlES Unrestricted Funds Restricted Funds Total Funds 2023 Totol Funds 2022 Charitable Events 265 265 265 1,175 1,175 265 13
S.rCa, PAIEISH CHU2CH. DUNMURRY St Colman's Parish Church. Dunmurry is a congregation of the Church of Ireland NOTES TO THE ACCOUNTS 31st December 2023 OTHER AcfiviTIES Unrestricted Funds Restricted Funds Total Funds Totol Funds 2022 2023 Hall Rental Other Receipts Refunds 2,120 76 2,120 76 137 700 837 2.196 2,196 INVESTMENTS Unrestricted Funds Restricted Funds Total Funds Totol Funds 2022 2023 R.C.B Interest Bank Interest 107 132 239 107 132 239 105 li 116 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Funds Total Funds Total Funds 2022 2023 Clergy Cover Organist Fees Charitable Donations 1,975 2.700 265 4,940 1,975 2,700 265 4.940 1,612 2,600 1,175 5.387 14
PAIIISH CHURCH, DUNMURRY St Colman's Parish Church. Dunmurry is a congrezatlon of the Church of Ireland NOTES TO THE ACCOUNTS 31st December 2023 PROPERTY EXPENDITURE Unrestricted Funds Restricted Funds Total Funds Total Funds 2023 2022 Oil- Church Gas- Hall Electricity- Church Electricity - Hall Fire Alarm & Boiler Services Rectory Boiler Repair Church Dry Rot Repair Grounds Maintenance Buildings Maintenance Cleaning Water Mains Pipe Repair Skip Hire All Buildings Insurance Rectory Rates Water Rates Seat Pads For Pews 1.433 715 987 273 3.508 204 1,433 715 987 273 3,508 204 2,157 628 1,122 516 1,874 241 37.825 688 760 447 915 760 447 915 570 640 456 4,054 742 2.496 6,141 793 744 6,141 793 744 3,220 3,220 3,220 20,140 16,920 54,010 ADMIN EXPENDMJRE Unrestricted Funds Restricted Funds Total Funds Totol Funds General Photocopier F.W.O. Envelopes Wi-Fi Broadband Diocesan Levy Sundries Bank Fees 38 383 189 470 38 383 189 470 3.357 1,163 200 5,799 115 861 171 401 632 1.793 196 4,169 3,357 1,163 167 32 32 5,766 15
S.rCa, PARISH CHURCH. DUNhlURRY St Colman's Parish Church, Dunmurry Is a congregation of the Church of Ireland NOTES TO THE ACCOUNTS 31st December 2023 CASH AT BANKAND IN HAND Unrestricted Funds Restricted Funds Total 2023 Total 2022 Danske Account ' 456 Danske Account 365 Ulster Bank Account ' ioi 32,184 32,184 20,278 14,582 67,044 25,371 21,116 8,891 55,378 20,278 14,582 46.765 20,278 CREDITORS: amount falling due within one year Unrestricted Restricted Funds Funds Total 2023 Total 2022 Accruals Advanced rentals Other 10. RELATED PARTYTrANSACTIONS There were no related party transartions during the year (2022 - £Nil) ii. TRUSTEES, REMUNERATION The Trustees received no remuneration during the year12022 - £Nil} 12. TRusfEES' EXPENSES The Trustees received no expenses during the year (2022- £Nil) 13. EMPLOYEES The average number of employees during the year was O (2022: 0} 16