Charlty reglstratlon number NJC104877 ALL SAINTS, CLOONEY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMEKrs FOR THE YEAR EPiOED 31 DECEMBER 21R2
ALL SAINTS. CLOONEY STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2022 Currenl financial y•ar Unr•strlctsd Restricted Endowment funds tunds 2022 Total Total 2022 2022 2021 Not Inc mg and ndowrnen Donations ond legacies Fundraising income Investments Olh8r wome 201.786 89,815 201,786 89,815 1578 30,791 161,395 43.815 1,736 68.410 2,621 28,170 Total InMe 296,218 28,752 324,970 275,356 Raisin9 funds 1,161 Charttable activities 263.366 31.990 29S,356 196,377 T•)tal expenditure 264.566 31.990 296,556 197.538 Net gainslllosses) on inv86tsments 10 16,818) 201 {5.398) 112,01 S) 10,439 Ilot IncomI(Ul90In0) r••OUr$ b•for• transhrs (3.037) (S.3981 1&399 88,257 Gross transfers belween funds (33,611} 33.611 Nèt movem•nt In fund• 18.7771 30.574 1S,393) 16,399 88.257 Fund batances al 1 January 2022 W,637 276,108 74,904 1,195.649 1.107.392 Fund balane•s at 31 D•c•mb•r 2022 835.860 306,682 69,506 1.212.048 1,195.649 The statement of financial Ttle5 irKludes all gains arKI losses fecognised in the y8ar. All income and oxp8ndtturo dorlva frorn contsnU9 activrties.
ALL SAINTS, CLOONEY STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Prior financial year Unr•stri¢ted Rèstrth Endowment funds lunds funds 2021 2021 2021 Total 2021 Income and endowmènts from" Donaticns and b3acies Fundraising income Inveslments 151,652 43.815 9,743 161A95 43,815 1,736 68.410 282 382 Total income 10.407 275.3S6 Ex nditurn on: Raising fiJnds 1.161 1,161 Charrtable activths 193.193 3,184 196.3n Total expendlbjre 194354 3.184 197.538 Net gainsl{losses) ¢)n investsnents 10 10,439 N•t in¢omlngl{outgoing) fBsources fOre transf• 72,136 7523 8,898 Gross transfws beh¥een funds (37.063> 37.1163 Net moven*nt in funds 35.073 88.2 Furrfl balan at 1 JarFuary 2021 809.564 231,822 61006 1,107J92 Fund balances at 31 D•¢efflber 2021 844.637 276.108 74.904 1.195.649
ALL SAINTS, CLOONEY BALANCE SHEET AS AT 31 DECEMBER 2022 2022 Flxed assets Tangible assets Investment property Inveslrnnts 12 13 14 629,419 100.000 171,296 629.419 100.000 96,248 900.715 Curr•nt asmts Debtors Cash al bank and in hand 825.687 15 5,710 322,173 53,650 324,777 327,883 Cr•dltorg: •mounts falllng du• wlthin one year 378.427 16 (16.550) 18,4451 Net cuftent assets 311.333 369,982 Totsl assets less current Ilabllltles 1.212.048 1,195,649 Capltsl funds Enth)wment funds Income fvnds Restricted funds Unrestricted funds - general 18 74.904 19 306,682 83S.860 276,108 844.637 1,212.048 1,195.649 The fingnc6al statements were atwved by the Trustees on 30 October 2023 Rev Dawd McBeth Trusle Dav Peor48s Trustee
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng Wicies Charity infonmation All Saints. Cloctney is an unincorporated wmpany registered with the Chtty Commission for Northem Irèland. The registered office ts 21 GnderMOrt Road, Defry-LondorwJerry. BT47 6B8. 1.1 A¢)untIng COnntiOn The accounts have been prepared in accordance with the tharitys goveming th)cumenL the Chartses Act (Northem Ireland) 2008 and -Accounll"ng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordanoE with the Finanaal Reporttng Stsndard applicable in the UK and Rewblic of IrelaThJ {FRS 1LY2)- las amended for accounting peritxls coMmenng from 1 January 2016). The pa meets the deffinit]G of a put benefft entity under FRS 102. The financial stalements are prepared in sterting. vthich is the fijnctional eurrency of the charity. Monetary arnnts in these finanoal staternenls are rjnded to the nearest L The finanoal statements have been prepared uler the horIcal o)st conventson. [modified lu include the revaluation of freehold properties and to irKiude investment properties arKI rta1ft fin¢531 instruments at fair value3. The principal ac()nting wtoes adopted are set oul below. 12 Goin9 eoncern The Parish 9enerolty meets its dty to day working caprtai requirements from its annual income. The Tnjskes have obtained ar)d reviewed cash flow forecasts for the ttJmin9 year and based on these are satisfied that Ihe Parish has resourtes to provtde a reasonable expectsb.on that rt Can Continue to meet its financial oblKJations as they fall due for the foreseeable fubJre . Therefoft these statements have been prepared on going concem basis. 1.3 Charltable fvnds Unrestricted fiJnds are at the disceticrf) of the tnJstees in furtherarKe of the objeds of the tharity. If parts of the unrethcted funds are earmarked at the discretion of the trustees for a particular purpgse. they a desKdnated as a separate fund. This desHJnation has an administrati¥e wrpose onty and does not legalty restrid the trustees, dwretion to appty the fund. Designated funds mpriSe fu which have been aside at di1)n of the trustees for specific purF¥)ses. The purp)ses and uses of the designated funds are set out in the notes to the ela1 statements. Restricted funds a fijnds subject to specafic requirements as to their use which may be dedared by the donor or their authorty ¢reated through legal processes. but still within the wder objects of the Parish. 1A Incorning restsurcos Incon is recognised wt*n Ihe tharity is alty entitled to it after any perfomiance conrfthis have bw met. the amounts can be measured reliably. and it is probable ttot inc£)ffE will be received. Cash datiOnS are recognised on receipt Oiher donations are reco1$&d once the tharity has been notified of the donaiion, urdess performance conditions wuire deferrdl of the amounL Inccffle tsx recoverable in relatK)n lo donations recoved urKYer Gift Awj or deeds of covenant ts recognised * the tinE of the donation. Legacies are induded wtylhin Irrne under either unrestricw or festrthd fiinds according to the temis under which the donation is and when the arrK)unt c4n be quantrfied with reasonable certainty. DoTratK?ns and gits in knrKt are brixjght into Ihe 8C(#)unts at their fair value to the Parish. Income from wvernment and other grants. whether'capitaf grants or'r8venue' grants, is recognised vthen the olarity has entillernent to the funds. any performance condttions attsched to the grants have been met it r& probable that the income Yiill be weived and the amixjnt L2n bÈ measured reliabty and is not deferred.
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Ac¢ounllng policl (Contlnu•dl 1.5 Resourc•s •xpondod ExpendÉlure is @cognised once the is a legal or constructive oblvJalion lo rrAk6 a payment to a third party. it is probable that sewernent will be qUired and the am(xtnt of the obligation can be reliably. Irrecoverab VAT is charged as a (J)sl against the activity for which the expenditure was incurred. 1.6 T•nglbl• flx•d a•$ets The assets of the Parish comprise tho Church 8uikling and the Rectory. The Church Building E deemed to be a Heritage asset as defin&J by lh8 Chariti6s SORP IFRS102}. The accounting polw for this assel oullined al note 1.8 telow. The Rectory is recognised at deemed cost, betng the valuab'on placed on the property for Local FrOty Taxj Rates purposes. No depreckgtK>n has been provided on the Re#ory as the curr8nt eslimaled residu4 value Is not less than its earymg V81ue arKI the reffining usefijl lrfe ¢urrently exceeds 50 years. The curar8ge recognised al cosl of wuisition. No depreClon has teen pro%tyded for as the èstimatad residual valué is not less than rts car. value and the melnin9 usefLd1rf8 currentty exceeds 50 years. Offi¢e equipment is reCniSed at 51 8nd are e¢lated on a straight line basis o¥er a period of S years. The assets Testdual values and useful INes are reviewed, and adju51ed, if appropriate. at the &rKI of each reporting peritsj. The Parish has set a minimum threshdd of cosl of £1.000 for Bn item to eonsader to ¢aiytaltsed as a fued asseL TangibE8 ass8ts are derec0$90 on disposal or vth8n no ftrtW8 economic benefits are expècted. On dk8wsal. difference beeen the new disposal proceeds ancl the carying amount ks recognised in the stalemenl of financial activitbes arKI induded in 'Olher operating Ilos58sygains'. 1.7 Inv•strnent wop•rti•• Fixed asset investments comprisirKJ inv8slment properties. Investments in equities and ¥iv85tmeTrl in RCBICIT Unrt Trusts are intbally reCded al c051 and are then subsequenuy ststed at fair value al each balant2 sheet date. Investm8nts bn unquoted nvestrngnts are r)rded al cost arKI are assessed annually for Impalmit. UrFrealised gains and losses represenl the differen between the fair value al the beginning and of the fnan¢k81 year or, il purchased in the year, the drffererKe beknn c1 and fair value at the end of the year. Realised gains and bsses represent the drffer8nc bets¥aen tha tO¢eo$ on disposal and the fair value at the start of the year or cost if pChaSe¢l in the year. Both realise(l and vnrealised gains and losses in invastm•nts are rwrted wthin 'Net Gains I ILossesl on Inveslrnents" 44rithin the Ststement of Financial Acti¥iti8s. 1 A H8rltage assets The Church Building is deemed to b8 a Herrtage asset as defined by th8 Ch8riti8s SORP {FRS102). This asset is not indud8d on the balance sh88t as Infornabon on the $1 or valuation is not available and such infomialion cannot be obtained at a ¢ost commensurats lti the bonefft lo trt users of Ihe accounts and to th• parish. 1.9 Cash and ush equivalents ash and cash equvalents in¢de c8sh in hand. deposits at oll with bank6. other SIrt-terM IiquKI investments origin81 matunb'es of Ihree months or less, and bank overdrafts. Bank overdrafts are shown 4ithin borrtrwings in current liats'lities. 1.10 FInal•l Instrnmfrnts The Parish onty has financial assets and financi81 lialy"Iilies of a kind that qualfy as basic finartial instruments. 8asiG financial instruments are inilialty recogni1 at transath.on price aid subsequenty n*asured at their settl8ment value. 10-
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 AGMunting policies Icorrtinued) 1.11 Taxati< All Saints. Clooney is reccgnised as 8 charity f(¥ the purposes of applicable tsxation wlatIOn and is therefore not subject to taxation on its tharitable aclpiibes. 1.12 Employtt benèfits The cost of any unused hdmlay entitlerrn1 is rec4)gnised in the period in whith the employee's services are receNed. Temination benefits are recognised immediatety as an expense when the charity is demonstrably committed to terninate the employment of an employee or b provhde tèrrnination benefits. 1.13 Rellrwnent ben Payments lo defined conlribution retirement ben8fft sthemes are charged as an expense as they tstl due. Critical aceounling estim•tes and Judgements In the appfication of the charitys accounting pc4icies. the trustees ar• required to make judgements, estimates and assumptions about the carrying arnTrt tsf assets liabilities that are nol readity apparent frtyn olher sources. The estimates and agsociaied assurnptic arè based on historical experFence and other factors that are conswgeied to rdevant. Actual results may differ frrm estirretss. The estTrmates ar¥J undetying assumptirms a reviewed on an +ywoing basis. Remsions to accr)unting 8stsmatÈs are recwised in the priod in whith the estimate És revised where the revision affects only th8t rtc4J. or in the perK)d of the reViSn and perK4Js where the re5n affects both current and ffijture Donatlons aNI lagacies Total 2021 funds 9eneral funds 2022 Donations and gifts Legacies receivable 151.786 50.000 151,786 50,000 161,395 201.786 201,786 161,395 For the year ended 31 December 2021 151.652 9,743 161,395 11
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Fundralslng Incomo 2022 2021 Fundraisir#J events Amold House 9,215 80,600 43,815 Funclrai8ing incoma 89,815 43.815 Fundralslng •venls Flower festival Concerts 12th JUlylAugl catefing 1501h Anniversary book sales Famity fun days Flower show Sponsored events 214 1,365 1587 9,215 Unr•strlcted R•slflcl•d fttnds nds general Total 2022 Tot•1 2021 Irwne from list&J Nivestrrwts lrteresl receivable 1.699 297 1281 1,736 1.996 582 1578 1.736 Fw th• y••r •rtd 31 Decwnbor 2021 1,454 282 1,736 12-
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMEPtrs (coKriNUED) FOR THE YEAR ENDED 310ECEMBER 2022 Other in¢r)me Totsl 2022 Total 2021 funds general funds Net gain on d1sF#1 of tangibk fLxed assets Other parish income General parish inttjrne Extraordinary general tticome 31.482 1,111 1.111 28,170 1,510 28,170 1,510 34,807 1621 28.170 30,791 68,410 For the year ended 31 December 2021 68.028 382 68,410 Other parish income Curate 25% Contribution Fees for wedding51baptistr Bible Reading Notes Refunds Spe(¥al Collection All Srants Caring Associaton Donations for Overseas Mission Other Investyrm Income 150 258 49 250 1.102 102 132 277 1.111 2,043 General parish income Parish Trip Scottand Communty Choir & Book Cb Mens Shecj Sundry Ints)rne 13,770 12WJ 28,170 78 Extraordinary genernl income Tnt Funds Non-recurring On&off grants Recurring Grants I10 29,460 4.702 1.510 34,807 13-
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Rallng funds 2022 2021 Stagiro fijndraising ev&nts 1,161 Charltable actlvltl•s 2022 2021 Staff costs Disan assessment Charrtable donations Administration costs Sundry costs Repair5 J Upkeep Lhl, Heat and Power 29,952 98,488 27,410 80.619 1.820 13.464 21.749 15.336 63,642 18.119 16.971 295.3S6 196.377 295,366 196,377 Anatysl8 by fund Unrestricted funds - general Restri¢tsd funds 263.366 31.990 29&356 For th• y••r •nd•d 31 D•c•mbor 2021 Unrestricled funds - general Rèstrictthj Jnits 193,193 3.184 196,377 Govemance costs of £2,004 were incurred during rhe year in relaiion lo fees pahj to th8 independent examiner. Governance costs a inclLKJed within Sundry eosls. 14-
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Employees Number of employees The average monthly number of employees during thè year was: 21)22 Nurnr 2021 Number Administratx)n Music slaff Premises rr1ntenan¢e Employment Costs 2021 Wages ar#J salaries Otrer Fension costs 29.163 26,696 714 27.410 There were no emF4oye8s anN81 remuneralion was £60.0(K> or more. 15-
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 11 Taxation The charity is exempt frorn tax cn inct)me and gains falling wtthin secth)n 505 of the TaxesAct 1988 or section 252 of the Taxab'onof chargeab Gains Act 1992 to the extent that these are appl*d to its charrti3ble objects. 12 Tanble fixed assets FTo•h•ld land WMI bthjdln Cost At 1 January 2022 629,419 At 31 December 2022 629,419 Carying amount At 31 December 2022 629,419 At 31 December 2021 629.419 13 1nvfrstm property Fair value At 1 January 2022 and 31 December 2022 11)0,000 14 Flx•d avset investsnents CIT RCB General RCB re Investment Unit Tt prop¢rty C¢)st or aluatIon At 1 January 2022 Alditions Valuatrjn thnges 74.906 96.248 87.063 {11015) 37.063 201 (2.644 (9.571) At 31 December 2022 18,697 115.33S 37264 171296 Carying amount At 31 December 2072 18.697 11533S 37,264 171296 At 31 December 2021 21A42 7&906 9&248 17-
ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 15 D•btorn Amount8 falllng due wilhln one year: 2022 2021 Other debtors Prepayments 5,012 698 53,650 5,710 53,650 16 Cr•dltors: amounts falling dué wlthln on• year 2022 2021 ACClS and other c¥edito 16.550 8,445 17 R8flr•ment nefft sch•mes Oefln•d ¢oTrtrlbutlon •eh•mes The charity op6rates a defined eontribAAM peiOn 5ch8me for all qualifying employees. ThE assols of the sch&me are hètd SeParatY from ihos8 of the charity sn an independently aOminist8rg(I fund. The charge to wofit or loss in tespect of ¢Jefin@d contributson schemos was £78912021 - £714). 18 End0wmt funds Endowm1 funds r•presenl assgls vknich rThJst be hell permanently by the chwity. Income ari8ing on the 8ndowment funds can te used In accordance with the objects ol the tharily and is indude¢ as unr8stricteO income. Any capital gains or losses arising on the assels fom part (rf lh8 fund. 8l•FKe •t R•vuat¥on• Bthne• •1 R•va1wll 8•lanc• at l J•nuwy 2021 n¥ J8nu•ry 2022 g4ln$ and 31 Dwrnl)•r P¢mianent ¢ndowm• RCB Unit Ttusts B,898 (5,398) 8.8JS 74.904 15.398) 69.$06 18-
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ALL SAINTS. CLOONEY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 20 Analysis of n¢1 as8•ts ttw•en funds Unr•strl¢t•d. Restrict•d EndoMn•nt General funds Totsl Fund balar¢S al 31 Decen)er 2022 8re representeil by: Tangible as$ets Inveslmenl prweths Investments Current assetsllliabilities) 629.419 100,000 64,526 41,915 629,419 100,01)0 171.296 311,333 37264 269,418 69,506 835.860 306.682 69,506 1.212,018 21 R•lated party transa¢lions There wefe no disctosable rfrkted paty transactK)n$ during the year {2021- rIx). -20-