Mccleary & Company Ltd. Garvey Studios 14 Longstone Street Lisbum Co Antrim BT28 1TP 11'131'tei ed Accouiilaiils & Reijistered Auditoi's Incorporaliiig J. R. Mcllee & Co. Strictl Private & Confidential Tel- 102819266 5697 E-mail.. inlo@mcclearyaccountants.com Website.. www.mcclearyaccounlants.com Mr W Hunter St Ignatius Orthodox Church 23 Demesne Park Holywood Co. Down BT18 9NE Date: Our Ref: 15 February 2022 STIG5363/JRM/HJL/JAS Stl natius Orthodox Church Financial Statements for ear ended 31 Ma 2021 Dear Mr Hunter We enclose the following:_ l. A copy of the Company's Financial Statements for the year ended 31 May 2021. If the Financial Statements are approved, please have the Trustees, Report (Page 21 and the Balance Sheet (Page 61 signed as indicated. Kindly return the signed Financial Statements to us for our file. When we have received these, we will forward a PDF copy of the final Financial Statements to you for filing with the Charities Commission. 2. Letter of Confirmation. Please read the contents of the letter carefully and, if you find in order, sign where indicated, and return one copy to us as soon as possible. The second copy is for your retention. Yours sincerely John Mccleary Encs. Directors.. H. Warr8n Mccleary F.C.A., B.S.Sc. John R. Mccleary F.C.A.. 8.Sr. IHDD51 Regislered Off8.. Quaker Buildings, High Street. Lurgan, Craigavon. Co. Armagh, BT66 8BB Mccleary 8 Company Ltd. RegiSted in Northern Ireland No. Nl 48810 Regislered lo carry on audit work and regulaled for a range ol investment business aclivilies by Chartgred Accounlants Ireland. Delails about our audit registration can be viewed al www.a k under reference number 3005315.
REGISTERED COMPANY NUMBER: N1603281 (Northern Ireland) REGISTERED cHARy NUMBER: 103740 Report of the Trustees and Financial Statements for the Year Ended 31 May 2021 for St Ignatius Orthodox Church Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP
St Ignatius Orthodox Church Contents of the Financial Statements for the Year Ended 31 May 2021 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 11 Detailed Statement of Financial Activities 12
St Ignatius Orthodox Church Report of the Trustees for the Year Ended 31 May 2021 The trustees who are also directors of the charity for the pUoseS of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepartng their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTtVES AND ACTivrrIES Objectives and aims The church is established to: (a) Promote the Orthodox Christian faith according to the rites and traditions of the one Holy Catholic Orthodox and Apostolic Church as expressed in the Holy Scriptures, the Holy Tradition, the teachings of the seven Ecumenical Councils and the Holy Fathers and as preserved and taught by the Greek-orthodox Patriarchate of Antioch. (b) Benefit the public in the United Kingdom and the Republic of Ireland and elsewhere by the rellef of poverty, sickness and distress. This is provided through services such &8: - Regular services of worship open to all members of the public. - Lectures, classes and other forms of teaching. SociaI and cultural events, including a regular lunch after Sunday worship. Support of the poor and needy. Pastoral care for members of the church and others who seek it. oviding counsel and support for the sick and for people in spiritual or material need. Providing baptism, marriage and burial services for members of all chuheS in communion with the Patriarchate of Antioch, e.g. Greek Orthodox, Russian Orthodox. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AIYD ADMINISTRATIVE DETAILS Registered Company number N1603281 (Northem Ireland) Registered Charity number 103740 Registered office Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP Trustees Mr William Hunter Director Mr Carsten Lorenz Director Page I
St Ignatius Orthodox Church Report of the Trustees for the Year Ended 31 May 2021 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisbum Co. Antrim BT28 ITP Approved by order of the board of trustees on 19 February 2022 and signed on its behalf by.. Mr William Hunter- Trustee Page 2
Independent Examiner's Report to the Trustees of St Ignatius Orthodox Church I report on the accounts of the company for the year ended 31 May 2021, which are set out on pages four to eleven. Respective responsibilities of charity trustees and examiner As the charity's trustees (and also the directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companles Act 2006. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independant examination, it is my responsibility to= examine the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under Section 65(9)(b) of the Charities Act state whether particu18J matters have come to my attention. Basis of the 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(9)(b) of the Charities Act. The 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 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.. That accounting records were not kept in accordance with section 386 of the Companies Act 2006 That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland That there is further inforniation needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (l) to (4) list¢d above and, in connection with following the Directions of the Charity Commi&sion for Northern Ireland, I have found no matters that require drawing to your attention. John Mccleary Mccleary & Company Ltd Chartered Accountants Garvey Studios 14 Longstone Street Lisburn Co. Antrim BT28 ITP 19 February 2022 Page 3
St Ignatius Orthodox Church Statement of Financial Activities for the Year Ended 31 May 2021 31.5.21 Unrestricted fund 31.5.20 Total nds Notes INCOME AND ElOWmETs FROM Donations and legacies 4,757 6,509 EXPEfsDrruRE ON Charitable activities Direct costs Support costs 3,063 819 6,180 1,006 Total 3,882 7,186 NET INCOMEI(EXPENDITURE) 875 {677) RECONCILIATION OF FUNDS Total funds brought forward 8,167 8,844 TOTAL FUNDS CARRIED FORWARD 9,042 8,167 The notes fonn part of these financial statements Page 4
St Ignatius Orthodox Church BaE2nce Sheet 31 May 2021 31.5.21 Unrestricted fund 31.5.20 Total funds Notes FIXED ASSETS Tangible &ssets 125 167 CURRENT ASSETS Debtors Cash at bank 3,959 6,362 3,172 5,961 10,321 9,133 CREDrroRS Amounts falling due within one year (1,404) (1,133) NET CURRENT ASSETS 8,917 8.000 TOTAL ASSETS LESS CURRENr LIABILITIES 9,042 8,167 NET ASSETS 9,042 8,167 FUM)S Unrestricted funds 9,042 8,167 TOTAL FUNDS 9,042 8,167 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which giv¢ a true and fair view of the state of affairs of the charitable company a8 at the end of each financial year and of its surplus or deficit for each fmancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes fonn part of these financial statements Page 5 continued...
St Ignatius Orthodox Church Balance Sheet- continued 31 May 2021 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 19 February 2022 and were signed on its behalf by: Mr William Hunter- Trustee Mr Carsten Lorenz- Trustee The notes fonn part of thesc financial statements Page 6
St Ignatius Orthodox Chureh Notes to the Finaneial Statements for the Year Ended 31 May 2021 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon &8 there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classlfied under headings that aggregate all cost related to the category. Where costs cannot b¢ directly attributed to particular headings they have been allocated to activities on a basis consistent with th¢ use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings 25 % on reducing balance Taxation The charity is exempt from corporation tax on its charitable a¢tivitie5. 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. Page 7 continued...
St Ignatius Orthodox Church Notes to the Financial Statements - continued for the Year Ended 31 May 2021 NET INCOME/(EXPENDITURE) Net incomel(expenditure) is stated after charging/(crediting): 31.5.21 31.5.20 Depreciation - owned assets 42 56 TRUSTEES, RE1UNERATIoN AIYD BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020. Trustees, expenses There were no trustees, expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020. COMPARATIVES FOR THE STATEIIIENT OF FINANCIAL ACTIVITIES Unrestricte fund INCO11 AND ENDOWMENTS FROM Donations and legacies 6.509 EXPEiwrfuRE ON Charitable activities Direct costs Support costs 6,180 1,006 Total 7,186 NET INCOME/(EXPENDITURE) (677) RECONCILIATION OF FUNDS Total funds brought fOard 8,844 TOTAL FUNDS CARRIED FORWARD 8,167 Page 8 continued...
St Ignatius Orthodox Church Notes to the Financial Statements - continued for the Year Ended 31 May 2021 TANGIBLE FIXED ASSETS Fixtures fittings COST At l June 2020 and 31 May 2021 2,662 DEPRECIATION At l June 2020 Charge for year 2,495 42 At 31 May 2021 2,537 NET BOOK VALUE At31 May2021 125 At 31 May 2020 167 DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.5.21 31.5.20 Other debtors 3,959 3,172 cREDoRs.. AMOUNTS FALLING DUE wrrHIIY OIYE YEAR 31.5.21 31.5.20 Other creditors Accrued expenses 455 678 1,404 1,404 1,133 MOVEMENT IN FUNDS Net movement in funds At 31.5.21 At 1.6.20 Unrestricted funds General fund 8,167 875 9,042 TOTAL FUNDS 8.167 875 9,042 Page 9 continu¢d...
St Ignatius Orthodox Church Notes to the Financial Statements - continued for the Year Ended 31 May 2021 MOVEMENT IN FUNDS - continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 4,757 (3,882) 875 TOTAL FUNDS 4,757 (3,882) 875 Comparatives for movement in funds Net movement in funds At 31.5.20 At 1.6.19 Unrestricted funds General fund 8,844 (677) 8,167 TOTAL FUNDS 8,844 (677) 8,167 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movernent in funds Unrestricted funds G¢n¢ral fund 6,509 (7.186) (677) TOTAL FUIYDS 6,509 (7,186) (677) A cuent year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 31.5.21 At 1.6.19 Unrestricted funds General fund 8,844 198 9,042 TOTAL FUNDS 8,844 198 9,042 Page 10 continued...
St Igllatius Orthodox Church Notes to the Financial Statements - continued for the Year Ended 31 May 2021 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net tnovement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 11,266 (11,068) 198 TOTAL FUNDS 11,266 (11,068) 198 RELATED PARTY DISCLOSURES Therc were no related paty transactions for the year ended 31 May 2021. Pagell
St Ignatius Orthodox Church Detailed Statement of Financial Activities for the Year Ended 31 May 2021 31.5.21 31.5.20 INCOME AfsD ENDOWMENTS Donations and legacies Donations Gift aid 3,969 788 5,336 1,173 4,757 6,509 Total ineoming resources 4,757 6,509 EXPENDITURE Charitable aetivities Rent Insurance Pastoral services Travel expenses Contributions to Deanery 1,700 397 2,790 455 838 384 2,679 3,063 6,180 Support costs Finance Bank charges 51 94 Other Sundries Fixtures and fittings 160 56 42 42 216 Governance costs Accountancy and legal fees 726 696 Total resources expended 3,882 7,186 Net incomel{expenditure) 875 (677) This pag¢ does not fonn part of the statutory financial statements Page 12
Mccleary & Company Ltd. Garvey Studios 14 Longslone Street Lisburn Co Antrim BT28 1 TP Cliai tered Accounlanls & Registei'pd Audilor5 Iiicorporatiiig J. R. McKee & Co. Private & Confidential Tel.. 102819266 5697 E-mail-. inlo@mcclearyaccounlanls.com Website.. www.mcclearyaccounlants.com The Directors St Ignatius Orthodox Church 23 Demesne Park Holywood Co. Down BT18 9NE Date: Our Ref: 10 February 2022 STIG5363/JRM/HJL/JAS Letter of Confirmation- Accountin ear ended 31 Ma 2021 Dear Sirs In accordance with your instructions given to us, we have prepared the Financial Statements set out on pages 4 to 11, in order to assist you to fulfill your statutory responsibilities, from the accounting records of St Ignatius Orthodox Church, and from the information and explanations supplied to us by the management of the Company. We have not audited the accompanying Financial Statements and, accordingly, do not express an opinion or any other form of assurance on them. In carrying out your instructions, we have relied on various representations and statements made to us by you the Directors. Our understanding of those statements is set out below. Please read these representations carefully and, if you agree with our understanding, please sign and return a copy of this letter to us as confirmation of this. As described on the Balance Sheet you are responsible for the preparation of the Accounts for the period ended 31 May 2021, set out on pages 4 to 11, and you consider that the Company is exempt from an audit. You confirmed that all accounting records had been made available to us and that all the transactions undertaken by the Company had been properly reflected and recorded in those records. All other matters relevant to the Accounts have been made available to us. You confirmed that all liabilities, post Balance Sheet events and transactions with Directors or their associates that are required to be disclosed are disclosed in the Accounts. Directors.. H. Warren Mccleary F.C.A.. B.S.Sc. John R. Mccleary F.C A., B.Sc. IHong1 Flegistered Office.. Quaker Buildings, High Street, Lurgan, Craigavon, Co. Armagh. BT66 8BB Mccleary & Company Lld. Regislered in Northern Ireland No. Nl 48810 Registered lo carry on audit work and regulated for a range ol investment business activities by Chartered Accounlanls Ireland. Details about our audit registration can be viewed at www.audilre r.or .uk under reference number 3005315.
The Directors 10 February 2022 You agreed that the Accounts will not be released to any other party, apart from the Companies Office, without the Accountants, Report provided by us. Yours sincerely Mccleary & Company Ltd We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the Directors during the course of the Accounts preparation process. Signed.. (Director) Date: 10 February 2022
•% Mccleary & Company Ltd. GaNey Studios 14 Longstone Street Lisburn Co Antrim BT28 1TP Cliai ti I'ecl A.ccouritarits &. Regislci'e.d ll4d1104-S Iiicoi'poraliiig J. P,. lfflcl<ee & Co. Private & Confidential Tel.. 102ei 9266 5697 E-mail.. inlo@mcclearyaccountanls.com Website.. www.mcclearyaccounlanls.com The Directors St Ignatius Orthodox Church 23 Demesne Park Holywood Co. Down BT18 9NE Date: Our Ref.. 10 February 2022 STIG5363/JRM/HJL/JAS Letter of Confirmation - Accountin ear ended 31 Ma 2021 Dear Sirs In accordance with your instructions given to us, we have prepared the Financial Statements set out on pages 4 to 11, in order to a5515t you to fulfill your statutory responsibilities, from the accounting records of St Ignatius Orthodox Church, and from the information and explanations supplied to us by the management of the Company. We have not audited the accompanying Financial Statements and, accordingly, do not express an opinion or any other form of assurance on them. In carrying out your instructions, we have relied on various representations and statements made to us by you the Directors. Our understanding of those statements is set out below. Please read these representations carefully and, if you agree with our understandin& please sign and return a copy of this letter to us as confirmation of this. As described on the Balance Sheet you are responsible for the preparation of the Accounts for the period ended 31 May 2021, Set out on pages 4 to 11, and you consider that the Company is exempt from an audit. You confirmed that all accounting records had been made available to us and that all the transactions undertaken by the Company had been properly reflected and recorded in those records. All other matters relevant to the Accourbts have been made available to us. You confirmed that all liabilities, post Balance Sheet events and transactions with Directors or their associates that are required to be disclosed are disclosed in the Accounts, Directors.- H. Warren Mccleary F.C.A., B.S.Sc. John R. Mccleary F.C.A., B.&. (Honsl Regislered oifice.. Quaker Buildings. High Street, Lu¥gan, Craigavon, Co. Armagh, BT6£ 8BB McGleary & Company Lld. FlegisleredAn Northern Ire18nd No. Nl 48810 Registe¥ed lo carry on audit work and regulaled lor a rallge ol investment business activities by Chartered Accountants Ireland. Details about our audit registration can be viewed al ilre isler.or .uk under reference number 3005315.
The Directors 10 February 2022 You agreed that the Accounts will not be released to any other party, apart from the Companies Off ice, without the Accountants, Report provided by us. Yours sincerely Mccleary & Company Ltd We confirm that we have read and understood the contents of this letter and agree that it accurately reflects the representations made to you by the Directors during the course of the Accounts preparation process. Signed: (Director) Date: 10 February 2022