St Saviour's Parish Church, Connor Receipts and Payments Account For the Year Ended 31 December 2024 2024 Unre5trkted Fund5 2024 Restrl¢ted Funds 2024Total Funds IT01 Funds Notes Donation. Plate Collection. Glft Aid Recha esto Other Church Grant Other Miscellaneou5 Totalrecelpts 54.145 Z4J23 LO80 1021 .160 92.1 ents Cle Pa ment. Locomoto and Other Or anist and Relief Minister Dlocesan Fund Maintenance and Runnln Prlntln Bank Cha Other Mlscellaneous rot4lpgyments 49N93 49A93 3A90 Costs 11098 2.016 396 I53 72JO 17,5 17ffl4 IA03 425 2,016 396 2.873 90M7 147 Netolreolpts/(paymentsJ Transfers bttween funds Cash fvnds last year end Coshfvnds thls yeorend {IiA87) 301 12AOB) 78.633 67.976 7S.825 77.126 61620 75A25 Sl8ned on Behalf of the Trustees: è Zozs Trustee Date Trustee Date
St Saviour's Parish Church, Connor Statement of Assets and Llabllltles as at 31 December 2024 Fd5 21123Tolal Funds C•tsgorfM D•tslb Fwd• Caih fw 12 12 77.121 71.12 Detals Y•w On Behalf of the Trustee5: Trustee Date Trustee Date
St Saviour's Parish Church, Connor Notes to the Flnanclal Statements For the Year Ended 31 December 2024 l. Accountlng pollcles 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) Recelpts and Payments Account All items of income and expenditure Included within the Receipts arKJ Payments Account have been accounted for on a cash receipts basis. (b) Statement of Assets and Uabllftles li) Assets retoinedfor the Parlsh's own use The Trustees have agreed that only a55et5 over £5,000 will be recogni5ed in the Ststement of Assets and Liabilities under non-current assets. The assets used by the Parish are not owned by St 5aviour's Church, Connor. The Representative Church Body are the legal trusteeslowners and hold the title deeds to: St Saviour's Church; St Saviour's Graveyard; The Parish Hall; The Rectory and Glebe Lands, All assets are used and maintained by the Parish. The Church Buildings, Graveyard and Land 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 cost or valuation is not available and such information cannot be obtained at a cost commensurate th the beneflt to the users of the accounts and to the parish. The Parish Hall and Rectory have no reliable records regarding cost of construction or acquisition. They also reside on Heritage land of the Church. The m05t recent insurance value applied to assets (Church Building and Contents: Church Hall Buildings and Contents. Store at Church and Building of Rectory) utilised by St Saviours's Parish Church, Connor are £3.317m (31 October 2024), but this lacks sufficient reliability for disclosure in the Statement of Assets and Liabilities. ii) Investment5 Investments in unit trusts are initially recognised at Cost and then subsequently stated at fair value at each year end date. 10
St Saviour's Parish Church, Connor Donation, Plate Collection and Gfft Ald The following are the receipts for the year: 2024 2023 Donations and Plate Collection Bequest Gift Aid Total 46,311 45,106 11.066 7,422 63,594 7,834 54.145 Recharges The following are the recha rges for the year: 2024 Salary Other 22,273 2,550 24,823 25,441 Total 27,510 The Rev l Magowan receives a stlpend in accordance wlth fl8ures approved by the General Synod of the Church of Ireland and their details of office and locomotory allowances. As the Incumbent, is responsible for the 8rouped parishes of St Saviours, Connor and St Patrick's, Antrim the stipend and office and locomotory allowances are shared equally between both churches. The running costs ass(Kiated with living accommodation (Glebe House) are also shared between both churches.
St Saviour's Parish Church. Connor Mlscellaneous Income The fdlowing is a breakdown of other income: 2024 2023 HMRC NIC Employers Refund HM RC NIC Employer Refund ta St Patrick Other Income 21,055 (10,527 2,632 13,160 2.021 2,021 Clergy Payrnent. LOCOntory and Other The following is a breakdown of costs relating to the Incumbent and payments to the clergy pension scheme: 2024 2023 Gross Employers NIC # Employers Pension 47,429 45,429 4,878 3,990 54,297 4,755 52,968 Directly From St Patrick's Bank Account Paid From St Savlour's Bank Account (3,475) 13,520) 49,493 50,777 Salary cost51excluding pension) are recharged 50% to St Patrick's, Antrim. St Patrlcvs pays di rectly for half of the pension costs requi red by the Clergy Defined Contribution Pension Scheme (see note 3). * During 2023 a refund was made for pension contrlbutions overpaid in prlor years.
During the year a refund was made for Employers Pension Contributions and half of this was
refunded to St Patricvs (see note 4). Organlst and Rellef Mlnlsters The following payrnents were made durlng the year: 2024 2023 Organist Relief Ministers 3,240 320 3,560 3,240 250 3,490 12
St Saviour's Parish Church, Connor Dlocesan nd Durin8 the year Stsaviour's made contributions to the diocesan fund of £3,885 (2023: £3,993). This fund is designed to ensure that the cost of sustaining the diocese and its mission is shared proportionally (the stronger parishes contributing more than the weaker). Runnlng and Malntenance Costs The following payments were made during the year: 2024 2023 Church and Glebe Grounds * Rectorv Total 24,034 4,570 28,604 13,487 4,137 17,624 Running costs associated with the rectory are rechar8ed 50% to St Patrick's, Antrim. See note * Glebe - includes church and rectory grounds owned by the Church of Ireland. Collectlons for Third Parties Durin8 the year the following collections were undertaken: 2024 2023 Lord Enniskillen Memorial Orange Soclety Rural Deanery Lenten Servlces Bishop of Connor Collection Green Island Parish Appeal Cathedral Chair Appeal 94 383 293 345 150 972 293 10. Audltorsllndependent Examiners Costs A glft voucher for £70 a$ provided to the independent examiner. 11. Non-current Assets Refer to notelb for non-current assets disclosure. 13
St Saviour's Parish Church, Connor 12. Reconcillatlon of Cash Funds 2024 2023 Total Cash Funds at l January Receipts for the Year Payments for the Year Totsl Cash Funds at 31 December 75,825 92,128 {90,827 77,126 62,620 94,205 181,(X)O) 75,825 Transfers have been made between the general account and the restoration account. These relate to Gift Aid and refundin8 the costs of repairs. A transfer was also made to the mission account. The total net amount of these transfers for 2024 was £830 (2023; £7,090). Liabllities There are no liabilitie5 recorded, a5 the accounts have been prepared on a receipts and payments basis. 14. Movement In Funds At l Jan Incomlng Out8oin8 Transfer At 31 De¢ 2024 Resources Resources 2024 Restrlcted Funds Restoration Mission 78,421 212 78,633 6,342 897 7,239 117,506) 11,220) 118.726 67,744 232 67,976 343 830 Unrestrlcted Funds General (2,808 (2,808) 84,889 84,889 72,101) {72,101) 1830) 1830) 9,150 9,150 Totsl Funds 75,825 92,128 90,827 77.126 Purposes of Restricted Funds: Restoration Fund - funds held to carry out repairs and restoration work to church, paths, buildings as and when required. Mission Fund supporting the work of church missions and related charities. Purposes of General Fund: These are unrestricted funds. used for the day-to-day running costs relating to the Parish. 14
St Saviour's Parish Church, Connor 15. Related Party Transartions The following are related party transactions, which were undertaken during the year: Name Nature of relatlonshlp Nature of transactlon Transactlon amount (£) 57,538 Rev l Magowan Trustee Employment/Running Costs of Rectory ' Fee5 for Service of Or anist Shared Costs EmploymenVRunnln8 Costs of Rector Donati(In for Printing Ms E Colgan Trustee 3,240 St Patricvs Church, Antrim Rev l Magowan is responsible for this Parish. Son of a Trustee 24,823 (10,527) Mrw Matthews * The Rev l Magowan receives a stipend in accordance with figures approved by the General Synod of the Church of Ireland and detsils of office arKI locornotory allowances. Figures disclosed include employers, costs for national Insurance and contributions to the Clergy Defined Contribution Pension Scheme, As the Incumbent, is responsible for the grouped parishes of St Saviour's, Connor and St Patricvs, Antrim the stipend and office and locomotorv allowances are shared equally between both churches. The running costs associated with livi accommodation (Glebe House) are also shared between both churches. See notes 3, 5 and 8. A number of Rellef Ministers have been paid a fee for providing cover during periods of the annual leave of the Rev l Magowan during 2024. The value of these are not material and do not exceed £500 for the yea r. Mrs H Magowan is a Trustee and assisting the new HonoraryTreasurer for St Saviours, Connor. Mrs H Magowan is the wife of the Rev l Magowan. Trustees may be reimbursed for out of pocket expenses In respect of minor costs incurred on behalf of St Saviour's e.g. Sunday School Books. Apart from the aforementioned no other trustee or a person related to atrustee had any personal interest in any contract or transaction entered into by the charity during the year. 15