Charity registration number.. 103477 St John's Church Annual Report and Financial Statements for the Year Ended 31 December 2023 St John's Church Contents (continued) Reference and Administrative Details Trustees, Report Independent Examiner's Report Statement of Financial Activities 4t05 Balance Sheet Notes to the Financial Statements 7t012 St John's Church Reference and Administrative Details Trustees Mr George Hanna Mrs Gill Gleghorn Mr Bill Cash Mrs Bridget Mccaw Mrs Barbara Robb Mr John Roe Mrs Jennifer White Mrs Sarah Roe Mr David Maguinness Mrs Jill Aulds Cannon Myrtle Morrison Mrs Wendy Rooney Mr Brian McBurney Mrs Tracey Magowan Mr lan Smyth Mrs Keren Akkari Mr Robert Milligan 103477 Charity Registration Number Principal Office 7 Sunningdale Drive Newcastle Co. Down BT33 OQJ Independent Examiner KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD Page 1 St John's Church Trustses. Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023. Structure, governance and management Governing document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The annual report was approved by the trustees of the charity on 8 April 2024 and signed on its behalf by-. Mr lan Smyth Trustee Mr Robert Milligan Trustee Page 2 St John's Church Independent Examiner's Report to the trustees of St John's Church I report to the trustees on my examination of the accounts of St John's Church for the year ended 31 December 2023. Respective responsibilities of trustees and examiner As the charity trustees you are responsible for the prepafation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsibility to.. examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65{9){bl of the Charities Act., and state whether particular matters have come to my attention. Basis of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65{91(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 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe. 1. That accounting records were not kept in accordance with section 63 of the Charities Acl 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's ststement I have completed my examination and have no concerns in respect of the matters {1 } to (41 listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland. I have found no matters that require drawing to your attention. kPJ KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD 8 April 2024 Page 3 St John's Church ststement of Financial Activities for the Year Ended 31 December 2023 Unrestricted funds Restricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment incorne 95,909 12,180 38,000 92 108,089 38,000 23,300 23,208 Total income 119,117 50,272 169,389 Expenditure on: Raising funds Charitable activities 14.750) 1126,033) (4,750) (126,364) 331 Total expenditure Gainsllosses on investment assets (130,783) 1,527 1331) {131,114) 1,527 Net (expenditure)lincome 110,1391 49,941 39,802 Net movement in funds 110,1391 49,941 39.802 Reconciliation of funds Total funds brought forward 126,442 860,894 987,336 Total funds carried forward 116,303 910,835 1,027,138 The notes on pages 7 to 12 form an integral part of these financial statements. Page 4 St John's Church ststement of Financial Activities for the Year Ended 31 December 2023 (continued) Unrestricted funds Restricted funds Total 2022 Note Income and Endowments from: Donations and legacies Investment income 90,147 21,446 14,873 105,020 21,455 Total income 111,593 14,882 126,475 Expenditure on: Raising funds Charitable activities (3,9551 (102,2471 (3,9551 (102,4941 {247) Total expenditure Gainsllosses on investment assets (106,2021 4,664} 1247) (106,4491 (4,664) Net income 727 14,635 15,362 Net movement in funds 727 14.635 15,362 Reconciliation of funds Total funds brought forward 125,715 846,259 971.974 Total funds carried fotward 126,442 860,894 987,336 All of the charity's activities derive from continuing operations during the above two periods. The notes on pages 7 to 12 form an integral part of these financial statements. Page 5 St John's Church (Registration number: 103477) Balance Sheet as at 31 December 2023 2023 2022 Note Fixed assets Tangible assets 863,271 869,830 Current assets Investments Cash at bank and in hand 34,490 134,662 32,963 85,084 169.152 118,047 Creditors: Amounts falling due within one year (5,285) {541) Net current assets 163,867 117,506 Net assets 1,027,138 987,336 Funds of the charity: Restricted income funds Restricted funds 910,835 860,894 Unrestricted income funds Unrestricted funds Other reserves (871.0331 987,336 1845,532) 971,974 Total unrestricted funds 116,303 126,442 Total funds 1.027,138 987,336 The financial statements on pages 4 to 12 were approved by the trustees, and authorised for issue on 8 April 2024 and signed on their behalf by. Mr lan Smyth Trustee Mr Robert Milligan Trustee The notes on pages 7 to 12 form an integral part of these financial statements. Page 6 St John's Church Notes to the Financial Statements for the Year Ended 31 December 2023 1 Accounting policies Accounting convention The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets the Charities Act {Northern Ireland) 2008 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount car) be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets The tangible assets comprise the Parish Centre and Glebe House at cost and are not depreciated. The Church buildings of St John's and St Colman's Graveyard are deemed to be Heritage assets as defined by the SORP {FRS 102) These Heritage assets are not included on the balance sheet as information on the cost or valuatior) is not available and such information cannot be obtained at a cost commensurate with the ber¢efit to the user of the accounts or the Parish. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows. Asset class Fixtures and Fittings Office Equipment Depreciation method and rate 20°/o Straight line 20 % Straighl line Page 7 St John's Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Pensions and other post retirement obligations The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. 2 Income from donations and legacies Unrestricted funds General Restricted funds Total funds Donations and legacies-, Donations from individuals Gift aid reclaimed 81,967 13,942 12,180 94,147 13,942 Total for 2023 95,909 12.180 108,089 Total for 2022 90,147 14,873 105,020 3 Investment income Unrestricted funds General Restricted funds Totsl funds Interest receivable and similar income., Interest receivable on bank deposits Other investment income 452 22,756 92 544 22,756 Total for 2023 23,208 92 23,300 Total for 2022 21,446 21,455 Page 8 St John's Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 4 Trustees remuneration and expenses During the year the charity made the following transactions with trustees. Mrs Jacqueline Wilson £Nil (2022. £383) of expenses were reimbursed to Mrs Jacqueline Wilson during the year. Mrs Karen Law £Nil (2022.. £60) of expenses were reimbursed to Mrs Karen Law during the year. MrJohn Roe £Nil (2022.. £1681 of expenses were reimbursed to Mr John Roe during the year. Mr Bill Cash £Nil (2022. £87) of expenses were reimbursed to Mr Bill Cash during the year. Mrs Jill Aulds £Nil (2022. £3411 of expenses were reimbursed to Mrs Jill Aulds during the year. 5 Staff costs The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows. 2023 No 2022 Number of employees No employee received emoluments of more than £60,000 dLtring the year Page 9 StJohn's Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 6 Tangible fixed assets Land and buildings Furniture and equipment Total Cost At 1 January 2023 Additions 834,850 1,252 47,416 1,700 882,266 2,952 At 31 De￿mber 2023 836,102 49,116 885,218 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 12,436 9.511 12,436 9,511 21,947 21,947 Net book value At 31 December 2023 836,102 27,169 863,271 At 31 December 2022 834,850 34,980 869,830 7 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other creditors 4,990 295 541 5,285 541 8 Pension and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £461 12022 £Nil}. Page 10 St John's Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) 9 Funds Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Unrestricted funds General 126,442 119,117 {129,256) 116,303 Restricted funds 860,894 50,272 1331) 910,835 Total funds 987,336 169,389 (129,587) 1,027,138 Balance at 31 December 2022 Balance at 1 January 2022 Incoming resources Resources expended Unrestricted funds General 125,715 111,593 1110.8661 1247) 126,442 Restricted funds 846,259 14,882 860,894 Total funds 971,974 126,475 (111,113} 987,336 10 Analysis of net assets between funds Total funds at31 December 2023 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 27,169 132,256 {5 285) 154,140 836,102 36.896 863,271 169,152 (5,285) Total net assets 872.998 1,027,138 Page11 St John's Church Notes to the Financial Statements for the Year Ended 31 December 2023 (continued) Total funds at31 December 2022 Unrestricted funds General Restricted funds Tangible fixed assets Current assets Current liabilities 34,980 89,305 (5411 834,850 28,742 869,830 118,047 15411 Total net assets 123,744 863,592 987,336 11 Analysis of net funds At31 December 2023 At 1 January 2023 Cash at bank and in hand Current asset investments 85,084 32,963 85,084 32,963 Net debt 118,047 118,047 At31 December 2022 At 1 January 2022 Financing cash flows Cash at bank and in hand Current asset investments 58,367 37,626 58,367 (37,626) {37,626) Net debt 95,993 58,367 12 Related party transactions There were no related party transactions in the year. Page 12 St John's Church Statement of Financial Activities by fund for the Year Ended 31 December 2023 Total Total Unrestricted Unrestricted Funds Funds 2023 2022 Income and Endowments from: Donations and legacies Investment income 95,909 23,208 90,147 21,446 Total income 119,117 111,593 Expenditure on: Raising funds Charitable activities (4,7501 13,955) (126,0331 (102,247) Total expenditure Gainsllosses on investment assets (130,7831 (106,202) 1,527 {4,664) Net (expenditurellincome (10,139) 727 Reconciliation of funds Total funds carried forward (10,139) 727 This page does not form part of the statutory financial statements. Page 13 St John's Church Statement of Financial Activities by fund for the Year Ended 31 December 2023 (continued) Total Total Restricted Restricted Funds Funds 2023 2022 Income and Endowments from". Donations and legacies Charitable activities Investment incorne 12,180 38,000 92 14,873 Total income 50,272 14,882 Expenditure on: Charitable activities (331> {247) Total expenditure (331) {247) Net income 49,941 14,635 Reconciliation of funds Total funds carried forward 49.941 14,635 This page does nol form part of the slatutory financial statements. Page 14 St John's Church Detailed Statement of Financial Activities for the Year Ended 31 December 2023 Total 2023 Total 2022 Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Investment income (analysed below) 108,089 38,000 23,300 105,020 21,455 Total income 169,389 126,475 Expenditure on: Raising funds (analysed below) Charitable activities (analysed below) (4,750} (126,364) (3,955) (102,4941 Total expenditure Gainsllosses on investment assets (analysed below) (131,114) 1,527 (106,4491 {4,664} Net income 39,802 15,362 Reconciliation of funds Total funds carried forward 39,802 15,362 This page does not form part of the statutory financial statements. Page 15 St John's Church Detailed Statement of Financial Activities for the Year Ended 31 December 2023 (continued) Total 2023 Total 2022 Donations and legacies Donations and legacies 108,089 108,089 105,020 105,020 Charitable activities Charitable activities (analysed below) 38,000 38,000 Investment income Interest receivable and similar income other investment income 544 22,756 23,300 119 21,336 21,455 Raising funds Costs of generating donations and legacies (4,7501 (4,750 (3,955) 13,9551 Charitable activities Allocated support costs Staff costs {125,9031 (461) 126,364) 1102,494) (102,4941 Gainsfjosses on investment assets (Gainllloss on programme related investments 1,527 {4,664 This page does not form part of the statutory financial statements. Page 16