CHARITY REGISTPATION NUMBER: N1103629
Crescent Church Belfast
Unaudited Financial Statements
30 June 2023
AUBREY CAMPBELL & COMPANY
Chartered Accountanis
631 Lisburn Road
Belfast
BT9 7GT

Crescent Church Belfast
Financial Statements
Year ended 30 June 2023
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
Notes to the financial statements
10
11

Crescent Church Belfast
Trustees, Annual Report
Year ended 30 June 2023
The trustees present their report and the unaudited financial statements of the charity for the year
ended 30 June 2023.
Reference and administrative details
Registered charity name
Crescent Church Belfast
Charity registration number
N1103629
Principal office
6 University Road
Belfast
BT71NH
The trustees
Mr D Bingham ( Retired elderl
Mr G Glass (Elder)
Mr R Abraham (Elder)
Mr J Crookes (Elderl
Mr D Farrell (Elder)
Mr J Graham
Mr W Johnston {Elder)
Mr R Scott
Mr M McNeice
Mr N Boyd (Elderl
Mr N Mcmullan (Elder)
Mr T Cullen {Elder)
Mr J Donaldson {Elder)
John Magee
631 Lisburn Road
Belfast
BT9 7GT
(Resigned 2 January 2023)
Independent examiner
structure, governance and management
The method of appointment of Trustees of Crescent Church is set out in the Declaration of Trust for
Crescent Church. At Crescent Church there are currently thirteen Trustees who are accountable for
the management and administration of the charity- In accordance with the Declaration of the Trust the
Trustees have delegated their powers to a committee of elders who are responsible for the spiritual
leadership of the Charity.
The Trustees met twice during the year. The elders meet on the 2nd and 4th Monday of each month.
Given the wide responsibilities of the eldership, the elders have created a number of committees, each
dealing with a particular aspect of church life. These committees which include Ministry, Mission,
Evangelism, Youth and Finance are all responsible to the elders and report back to the elders
regularly, with minutes of their deliberations being received by the elders and discussed as necessary.

Crescent Church Belfast
Trustees, Annual Report(¢ontinued)
Year ended 30 June 2023
Objectives and activities
Aim and purpose
Crescent Church is a Bible-based Christian fellowship which has served God in Belfast for over a
century. We seek to understand and live by the Bible to give everyone the opportunity to become
mature and devoted followers of Jesus Christ.
Objectives and activities
When planning our activities for the year, the trustees have considered the Commission's guidance on
public benefit and, in particular, the specific guidance on charities for the advancement of religion.
In the New Testament, a local church consisted of all Christians in a given locality, but now there is
practically no complete expression of this principle. Nevertheless, in accordance with the teaching of
the New Testament, Christians may meet together and function as an independent, self-governing
church, recognising the authority of God's Word, the Lordship of Christ and the sovereignty of the Holy
Spirit. It will give expression to the teaching of the New Testament in its worship, doctrine and
service.
In accordance with this guidance and to follow our objectives as laid out in our Declaration of Trust, we
have the following stated objectives..
a. To advance the gospel of Jesus Christ among the general public, in accordance with the biblical
principles and practice both in the UK and abroad in a manner consistent with the statement of faith
appended as schedule I.,
b. To prevent or relieve povety among those in hardship.,
c. To relieve those in need due to their adverse circumstance,. and
d. To advance education among those who are disadvantaged due to their adverse circumstances.
These objects may be pursued in the United Kingdom or abroad at the dis-
-retion of the Trustees.
To facilitate this work it is important that we maintain the fabric of Crescent Church and the adjoining
church halls.

Crescent Church Belfast
Trustees, Annual Report (contlnued)
Year ended 30 June 2023
Ach5evements and performance
Achievements and performance
Crescent Church has a number of services and activities that take place each week and during the
course of the year that the members of the public and members of the Church find both beneficial and
spiritually fulfilling.
Public worship
We have three services each Sunday, in the morning and one in the evening.
On Sunday mornings, we have two services.. our communion service which starts at 10.00am with an
average weekly attendance of 150 and our morning family service at 11.'OOam which would have
approximately 200 people attending regularly. Creche facilities are provided for both of these services
and our Sunday School runs during the morning family service.
The Sunday evening service which is held each week at 7'.00pm and has an average weekly
attendance of approximately 150, many of whom are visitors to the Church. Our young people's Bible
class, known as CY (Crescent Youth) aimed at 11-18 year olds runs during the normal evening
service. All services are open to members of the public.
It is our firm conviction that the Bible has an important and relevant message for society and for
individuals. We are convinced that the Bible, as originally given, is completely true and accurate. It is
our only authority for what we believe and practice. The Church plans its Bible leaching and outreach
programmes with care. The programmes run on a three-yearly cycle. with each series of consecutive
leaching generally lasting around five weeks. The programme is delivered by a mix of visiting
speakers from the UK and Ireland, and our in-house Bible teaching team.
Fellowship - Prayer and Bible studies
Fellowship life is not confined to Sundays. The Church meets for prayer every other Thursday evening
at 8.00pm with an average attendance of 40 people and depending on the speaker {e.g. an overseas
missionary) we sometimes hold the prayer meetings on-line using zoom. There is a group of
approximately 10- 15 members who have continued to meet every weekday for prayer at 7-.00pm.
Crescent is an urban Church. Many of our members live some distance from the building in University
Road so we have a well- established network of regional Prayer and Bible Study groups which meet
once a fortnight in the homes of Church members. These groups provide an invaluable way to get to
know other people in the fellowship. There is one regional Prayer and Bible study group that meets
on-line via zoom and one that meets on a Tuesday morning in the Church building.
Working together
The life of a large Church fellowship needs to be co-ordinated. We organise ourselves using five
committees and about hjenty work groups. The committees cover finance, youth policy, ministry,
overseas mission, outreach. We also have a number of "Co-ordinators" who are responsible for the
physical fabric of the building, for Health & Safety issues, Child Protection and audio-visual support for
our services. These work groups cover everything from catering to communications and security.
Day to day co-ordination of church life is carried out by our part-time support team. The team is made
up of four salaried staff members, supported by a number of volunteers from the Church. The support
team does more than administration.. it mobilises the development of new ministries and organises all
the technical, safety, and ministry training which our youth leaders require.
Caring for the Church
We believe that Church leadership is not vested in one person. The Biblical model is that leadership in
the Church should be plural.- it is given to a team of 'elders" who are responsible for providing
pastoral

Crescent Church Belfast
Trustees, Annual Reportfcontinued)
Year ended 30 June 2023
care and upholding the timeless principles governing Church life laid down in the Bible.
Crescent Church has a pastoral care team that visits members who 8re not able to attend church
services regularly and also provides pastoral support to members and their families in times of illness
and bereavement.
Overseas Mission
Crescent Church has a long history of supporting overseas mission. A number of missionary families
from the Crescent are serving the Lord across the world in South Africa, Spain and Europe. A good
deal of fellowship life focuses on supporting over¢4eas mission. One of our ladies, ministries is centred
on the support of Christian missionaries across the world. We send teams of young people out most
summers to spend time with our missionaries, and in July 2022 we sent a team of 11 to Durres in
Albania lo to run a series of Kids Clubs and support the local church. In August 2022 we ran a
community outreach week with a team of 40 people from our Church running a series of events which
they invited members of the public to culminating in a musical concert and family barbeque, both of
which were well supported by the local community.
Our Mission activity is structured around a number of areas..
1. Commended missionaries sent out from the Church, and supported financially by the Church, to
serve the Lord in various regions of the work building His church throughout the world, 2. Three 3-year
mission projects: 2 students at l BEI Bible College in Italy, a church planting project in Argentina and a
Bible Education Service (BES) schools project in Ireland. 3. One 1-year mission projects.. Support for
Waakisa pregnancy crisis centre Uganda, Christian Union Ireland relay worker in Belfast. 4. Mission
partners
on-going mission projects and missionary organisations supported by members of our
church through ear-marked giving including Mission Albania (Tekura), Echoes of Service, Waakisa
Ministries, Tear Fund, St. Nicholas Children's home Kenya, South Belfast Foodbank and Sandes. We
also send members of our Bible teaching team into the mission field for short periods, to provide
training of national Church leaders.
Family Values
Crescent Church tries to provide a supportive environment for couples who are doing the most
important job in the world raising a family. We provide fellowship opportunities for women lo spend
time together. Our Overse8s Link group normally meets once a month on a Monday night to enjoy a
varied programme focussed on mission. We have recently initiated a women's Bible study programme
which has been well supported over the year and number continue to grow.
Youth Activities
Young people need the right sort of social coniext in which to develop. They need to get out and
about, develop a nebNork of friends, and learn from good role models. The Crescent normally operates
an extensive youth programme, however, because of the pandemic much of the work was suspended
throughout the year. The Church continued to operate a Youth Fellowship (Crescent Youth or CY} and
a Sunday School (Crescent Kids or CK). All our workers operate under Lhe auspices of the Church's
Child Protection and Safeguarding policies. From September 2019 the church has employed a full
time Youth and Young adults worker to co-ordinate youth work. Crescent young people are
encouraged lo become part of the church's community life, rather than live in a separate sub-culture.
During the month of August our services are designed primarily to support children and teenagers.
Our aim is to facilitate the development of relationships across the generations so that young people
will be supported and encouraged by the adults in the Church.
Student Ministries
Crescent is situated at the heart of the student scene which has grown up around Queen's University
Belfast.
The Crescent Bible teaching team places a particular emphasis on apologetics, helping us "give a
reason for the living hope within us" We have a student support team available throughout the week

Crescent Church Belfast
Trustees. Annual Report (continued)
Year ended 30 June 2023
to help and equip students.
The Church operates a ministry in conjunction with Queens University Belfast Christian Union which is
attended by on average 30 students. It is designed to cater to the needs of International students.
Other activities
There are a number of other activities that take place on a regular basis, including.'_ 'Rooted" Bible
teaching and fellowship for approximately 20 to 25 young adults;_ English Language Class meets on a
Wednesday to teach English to non-English speakers living in the vicinity of the Church. This class
continues to be well attended and moved on-line during the pandemic.
A number of our members
actively volunteer with South Belfast Foodbank Trussel Trust, and the food collection is supported by
the wider congregation.
Financial review
Financial review
Total receipts on unrestricted funds were £292.747 Restricted donations of £112,811 were also
received, giving a total income of £405.558 which is detailed in the Financial Statements.
The car park continues to be let from Monday to Friday, providing gross iricome of £17,424.
£162.380 was spent to support the Christian ministry from Crescent Church, and £91,819 was spent
on the running of the church. A total of £5,520 was spent on refurbishment work around the church.
The net result for the year was an excess of receipts over expenditure of £141,622. Adding the bank
balance brought forward at the beginning of the year, the balances carried fomard at 30th June 2023
totalled £440,315 (including £80,975.60 from the closed building fund). The building fund account was
closed in error by the Bank QT Ireland with a closing balance on 14 Dec 2021 of £80,975.60, a further
£39,730 has been donated to the building fund, giving a balance £120,705.60 which has been set
aside towards the future work on the church building and infrastructure, and is now included in the
current account.
Reserves policy
The Finance committee policy is to maintain a balance of unrestricted funds (if possible), which
equates to two months unrestricted payments, equivalent to approximately £50,000, to cover
emergency situations that may arise from time to time. The balance of unrestricted funds of £319.609
(equates to current account £440,315 minus the building fund closing balance £120,705), was in
excess of this target.
Serlous incident reporting
No serious incidents or other matters occurred that needed to be brought to the Charity Commissions
attention.
Funds held as custodian trustee
Crescent Church does not administer the funds of any other entities.
Exemptions from disclosure
No exemptions from disclosure were applied for.

Crescent Church Belfast
Trustees, Annual Report (confinued)
Year ended 30 June 2023
Schedule 1. Statement of faith
Here at Crescent Church, we seek to understand and live by the Bible, to give everyone the
opportunity to become mature and devoted followers of Jesus Christ. We live in a world full of different
religious beliefs lor no beliefs}, and so the following points define the core beliefs and practices of the
church.
The Bible, as originally given, Is the verbally inspired by God. Through it God speaks to us and every
word is infallible. It is our only authority for what we believe and practice.
There is only one God, revealed in the Bible as three persons, the Father, the Son and the Holy Spirit.
These three are One God, co-eternal and co-equal.
The Lord Jesus Christ, the Son of God. became man, being conceived by the Holy Spirit and born of
the Virgin Mary. He is perfect and eternal God, and perfect sinless man.
God created man, male and female, in his image and likeness. Because man sinned, universal
sinfulness and guilt renders everyone subject to God's righteous wrath and condemnation.
The death of the Lord Jesus Christ upon the cross was on behalf of sinners and a sacrifice to God and
a propitiation for remission of sin. Through His sacrificial death there is redemption from the guilt,
penalty and power of sin. He is the only mediator be￿een God and man.
On the third day after His crucifixion, the Lord Jesus Christ was raised in His physical body from the
death. He was seen alive by his disciples during the foty days after His resurrection and in His risen
glorified body.
He ascended into heaven to the right hand of God the Father and is now the all-sufficient High priest
of His people_
The Lord Jesus Christ will personally return to raise the dead in Christ and they together with living
believers will meet Him and reign with Him.
Salvation is not by works but through repentance for sins and faith in Jesus Christ, the Son of God
alone. By an act of God's undeserved mercy, the believing sinner is forgiven all his sins, is justified
before God, receives eternal life and is accepted as righteous in His sight.
At death the spirit of man does not cease to exist or become unconscious. The dead will be raised
either to eternal life or eternal separation from God
There will be final judgment for those who have not been saved and whose names are not found in the
Book of Life.
The Holy Spirit convinces individuals of their sin and leads them to faith in Jesus Christ and makes
them alive in Christ. He indwells every Christian, producing in them holiness of living, good works and
increasing likeness to Christ in character and behaviour, and empowers them to witness in the world.
There is one Universal Church, the body of Christ. Into the body of which the Lord Jesus Christ is
head, all Christians have been baptised in the Holy Spirit.

Crescent Church Belfast
Trustees, Annual Report {contlnued)
Year ended 30 June 2023
The trustees, annual report was approved on 29 February 2024 and signed on behalf of the board of
trustees by..
George Glass
Chairman of Tr￿slee$

Crescent Church Belfast
Independent Examiner's Report to the Trustees of Crescent Church Belfast
Year ended 30 June 2023
I report to the trustees on my examination of the financial statements of Crescent Church Belfast I'the
charity,) for the year ended 30 June 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act (Northern Ireland) £008 (the '2008 Act,). You
are satisfied that your charity is not required by charity laiv to be audited and have chosen instead to
have an independent examination.
I report in respect of my examination of the Lharity's financial statements as carried out under section
65 of the 2008 Act. In carrying out my examination I have followed the general Directions given by the
Charity Commission for Northern Ireland under section 65(9}(bl of the 2008 Act.
Independent examinerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 65 of the 2008 Act. I confirm that l am qualified to undertake the examination because
l am a member of Chartered Accountants Ireland, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with my examination giving me cause to believe that in any material respect..
accounting records were not kept as required by with section 63 of the 2008 Act-, or
the financial statements do not accord with those records,. or
the financial statements do not comply with the accounting requirements of the 2008 Act., or
the financial statements do not comply with the applicable requirements concerning the
form and content of accounts set out il the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair, view which is not a
matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper
understanding of the accounts to be reached.
Independent Examiner
631 Lisburn Road
Belfast
BT9 7GT

Crescent Church Belfast,
Statement of Financial Activities
Year ended 30 June 2023
2023
Restricted
funds Total funds Total funds
Unrestricted
funds
2022
Note
Income and endowments
Donations and legacies
Investment income
Other income
260,011
105,926
365,937
382,955
20
34,684
39,822
299,633
39,622
405,559
Total income
105,926
417,659
Expenditure
Expenditure on charitable activities
Total expenditure
139,436
139,436
121,641
261,077
285, 184
121,641
261,077
285,184
Net income and net movement in funds
160,197
(15,715)
144,482
132,475
Reconcillation of funds
Total funds brought forward
Total funds carried forward
642,551
802,748
687,840
1,330,391
1,197,916
1,330,391
672,125
1,474,873
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities
The notes on pages 11 to 18 fomi part of these financial staternents.

Crescent Church Belfast
Statement of Financial Position
30 June 2023
2023
2022
Note
Fixed assets
Tangible fixed assets
13
1,031,029
1,031,503
Current assets
Debtors
Cash at bank and in hand
14
4,981
440,316
3,853
298,694
445,297
302,547
Creditors.. amounts falling due within one year
Net current assets
15
1,453
3,659
443,844
298,888
Total assets less current liabilities
Net assets
1,474,873
1,474,873
1,330,391
1,330,391
Funds of the charity
Restricted funds
Unrestricted funds
672,125
802,748
687,840
642,551
Total charlty funds
16
1.474,873
1,330,391
These financial statements were approved by the board of trustees and authorised for issue on 29
February 2024, and are signed on behalf of the board by=
5V2ts
MrG
Trustee
ass (Elder)
The notfjs on pages 11 to 18 fomi part of these financial ststements.
10

Crescent Church Belfast
Notes to the Financial Statements
Year ended 30 June 2023
General information
The charity is a public benefit entity and a registered charity in Northern Ireland and is
unincorporated. The address of the principal office is 6 University Road, Belfast, BT7 1 NH.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102>) and the Charities Act {Northern Ireland) 2008.
Accounting policies
Basis of preparation
The financial statements have been prepared oi ihe historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, whiLn is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestrictea funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
11

Crescent Church Belfast
Notes to the Financial Statements (continuea)
Year ended 30 June 2023
Accounting policles f¢ontlnued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular Categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount carl be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are ￿COgnised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for il to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further ils charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to. that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently slated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
12

Crescent Church Belfast
Notes to the Financial Statements (continued)
Year ended 30 June 2023
Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Motor vehicles
Equipment
250/0 reducing balance
At 2. 50/0 and 10 % straight line
Impairment of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Vvhere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash-generating unit is the smallest
identifiable group of assets that includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill. the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Flnancial instruments
A financial asset or a financial liability is recognised only when the charity becomes a paty to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
13

Crescent Church Belfast
Notes to the Financial Statements fcontinued)
Year ended 30 June 2023
Accounting policies {¢ontinued)
Financial instruments (¢ontintsed)
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond nomal business terms or financed at a rate of interest
that is not a market rate, in which case the asset is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exception of hedging instruments in a
designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial
activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are
individually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately. to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
General Donations
260,011
260,011
Other donations and legacies
Restricted fund income
Building fund income
86,466
19,460
86,466
19.460
260,011
105,926
365.937
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Donations
General Donations
266,918
266,918
Other donations and legacies
Restricted fund income
Building fund income
95,767
20,270
95,767
20,270
382,955
266,918
116,037
14

Crescent Church Belfast
Notes to the Financial Statements (continued)
Year ended 30 June 2023
Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Bank interest receivable
20
20
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Other income
39,622
39,622
34,684
34,684
Expenditure on charltable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Church expenditure
139,436
121,641
261,077
Unrestricted
Funds
Restricted Total Funds
Funds
2022
Church expenditure
126,269
158,915
285,184
Expenditure on charitable activities by activity type
Activities
undertaken Total funds
directly
2023
Total fund
2022
Church @xpenditure
261,077
261,077
285,184
Net income
Net income is stated after chargingl{crediting)=
2023
2022
Depreciation of tangible fixed assets
1,523
1,418
10. Independent examinatlon fees
2023
2022
Fees payable to the independent examiner for..
Independent examination of the financial statements
1,518
1,518
15

Crescent Church Belfast
Notes to the Financial Statements {contlnued)
Year ended 30 June 2023
11. Staff costs
The total staff costs and employee benefi'ts for the reporting period are analysed as follows:
2023
2022
Wages and salaries
34,887
59,915
The average head count of employees during the year was 4 (2022.. 41.
The total staff costs and employee benefits for the ieporting period are analysed as follows-
2023
2022
Wages and salaries
34,867
59,915
No employee received employee benefits of more than £60,000 during the year (2022.. Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees during the year ended 30 June 2023. During the year ended 30 June
2022 Mr Norman Boyd was paid £13,572 for his role as Operations Manager of the Church.
13. Tangible fixed assets
Freehold
property
Motor
vehicles
Equipment
Total
Cost
At 1 July 2022
Additions
1,000,000
17,814
38,805
1,049
1,056,619
1,049
At 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
At 30 June 2023
1,OOG.,000
17,814
39,854
1.057,668
17,814
7,302
1,523
25,116
1,523
26,639
17,814
8,825
Carrying amount
At 30 June 2023
1,000,000
1,000,000
31,029
1,031,029
1,031,503
At 30 June 2022
31,503
16

Crescent Church Belfast
Notes to the Financial Statements fcontlnued)
Year ended 30 June 2023
14. Debtors
2023
2022
Prepayments and accrued income
4,981
3,853
15. Creditors.. amounts falllng due within one year
2023
2022
Accruals and deferred income
Social security and other taxes
1,350
103
3,300
359
1,453
3,659
16. Analysis of charitable funds
Unrestricted funds
At
1 July 2022
At
30 June 202
Income Expenditure
299,633
General funds
642,551
{139,4361
802,748
At
1 July 2021
At
Income Expenditure 30 June 2022
301,622
1126.2691
General funds
467,198
642,551
Restrlcted funds
At
1 July 2022
At
30 June 202
Income Expenditure
Building Fund
Earmarked Funds
687,840
19,460
86,466
{35,1751
(86,466}
(121,6411
672,125
687,840
105,926
672,125
At
1 July 2021
At
Income Expenditure 30 June 2022
22,397
(65,275)
93,640
687.840
{93,640)
116,037
(158,915)
Building Fund
Earmarked Funds
730,718
730,718
687,840
17

Crescent Church Belfast
Notes to the Financial Statements (¢ontlnuedJ
Year ended 30 June 2023
17. Analysls of net assets between funds
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
1,031,029
445,297
{1,453}
1,474,873
1,031,029
445,297
11,453}
1,474,873
Unrestricted Total Funds
Funds
2022
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
1,031,503
302,547
(3,6591
1,330,391
1,031,503
302,547
(3,659)
1,330,391
18. Financial instruments
For financial instruments measured at fair value, the basis for determining fair value must be
disclosed. When a valuation technique is used, the assumptions applied in determining fair value
for each class of financial assets or financial liabilities must be disclosed. If a reliable measure of
fair value is no longer available for ordinary or preference shares measured at fair value through
profit or loss, this must also be disclosed.
18