SAINT COLUMB'S CATHEDRAL
Financial Statements For the year ended 31 December 2024
Registered Charity in Northern Ireland (NIC 105673)
SAINT COLUMB'S CATHEDRAL STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024
| Note Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Receipts Donations and legacies 2 170,946 43,161 0 Charitable activities 3 3,620 0 0 Other trading activities 4 23566 1436 0 Investment Income 5 29,221 0 696 Other Income 6 0 0 0 Total Receipts 227,353 44,597 696 Payments Charitable activities 7 249,236 10,652 0 Other 8 13,683 0 0 Total Payments 262,919 10,652 0 Net Gains on Investments 9 36,986 0 2,376 Net receipts / (payments) 1,420 33,945 3,072 Transfers between funds 50,930 -50,234 -696 Net movement in funds 52,350 -16,289 2,376 Funds brought forward 1,792,293 64,073 28,581 Funds carried forward 1,844,644 47,784 30,957 |
Total Total 2024 2023 £ £ 214,107 251,406 3,620 3,490 25,002 19187 29,917 33,086 0 0 272,646 307,169 259,888 253,697 13,683 11,004 273,571 264,701 39,362 30,554 38,437 73,022 0 0 38,437 73,022 1,884,947 1,811,925 1,923,385 1,884,947 |
|---|---|
| SAINT COLUMB'S CATHEDRAL STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 £ £ £ Note Unrestricted Restricted Endowment Funds Funds Funds Fixed Assets Freehold Land and Buildings 10 858,056 0 0 Fixtures and Fittings 10 18,534 0 0 Total Tangible Fixed Assets 876,590 0 0 Investment Properties 11 600,000 0 0 Investments 9 420,857 0 30,957 Total Fixed Assets 1,897,447 0 30,957 Current Assets Debtors 12 10,546 0 0 Bank and Cash 61,631 47,784 0 Total Current Assets 72,177 47,784 0 Creditors within 1 year 13 -7,333 0 0 Net Current Assets 64,844 47,784 0 Creditors after 1 year 14 -117,647 0 0 Total Assets 1,844,644 47,784 30,957 Endowment Fund 30,957 Restricted Funds 47,784 Designated Funds 388,320 General Unrestricted Funds 1,456,324 Total Funds 1,844,644 47,784 30,957 |
2024 £ Total Funds 858,056 18,534 876,590 600,000 451,814 1,928,404 10,546 109,415 119,961 -7,333 112,628 -117,647 1,923,385 30,957 47,784 388,320 1,456,324 1,923,385 |
2023 £ Total Funds 858,056 21,731 879,787 600,000 412,452 1,892,239 10,741 132,735 143,476 -18,034 125,442 -132,734 1,884,947 |
|---|---|---|
| 28,581 64,073 388,319 1,403,974 1,884,947 |
Approved by the Trustees on / /2025 and signed on its behalf by6 5
_______ 6 / /2025 5 6 / /2025 5
St Columb's Cathedral Statement of Cashflows Year Ending 31 December 2024
| Note Net movement in funds Addback Loans Advanced Deduct Loans Repaid Addback Depreciation Deduct Fixed Asset Additions Decrease/(increase in debtors) Increase/(decrease in creditors) Net cash used in operating activities Cashflows from investing activities Interest and dividends Investments revalued Net cash provided by investing activities Change in cash equivalents in year Cash and cash equivalents brought forward Cash and cash equivalents carried forward |
Total Funds Prior Year 2024 2023 £ £ |
|---|---|
| 34,773 73,022 |
|
| 0 1 -15,087 -12,311 3,197 3,197 0 -13,554 195 13,965 -7,035 -12,419 |
|
| -18,730 -21,121 |
|
| 0 0 -39,362 -17,000 |
|
| -39,362 -17,000 |
|
| -23,319 34,901 |
|
| 132,735 97,834 |
|
| 109,416 132,735 |
14
SAINT COLUMB'S CATHEDRAL NOTES TO THE ACCOUNTS for the year ended 31 December 2024
1. ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
The financial statements have been prepared on a going concern basis. The Trustees do not believe that there are any factors or material uncertainties which would impact on the assessment of this. The financial statements have been prepared in accordance with the Financial Reporting Standard 102 and the Statement of Recommended Practice (SORP - FRS102) “Accounting and Reporting by Charities” published in July 2014, as required by the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015. These statements have been prepared on an accruals basis as required by the SORP. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
Restricted funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific congregational activity intended by the donor. Where these funds have unspent balances, interest on their pooled investment is apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the congregation’s general purposes. Designated funds are general funds set aside by the congregation for use in the future.
SAINT COLUMB'S CATHEDRAL
NOTES TO THE ACCOUNTS (continued)
for the year ended 31 December 2024
| 2. DONATIONS AND LEGACIES Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Credit Cards 7,582 942 Free Will Offerings 46,691 0 Porch Box Collections 15,840 0 Standing Orders 30,828 970 Other Collections 10,379 0 Gift Aid 17,343 0 Donations for Specific Purpose 8,946 29,238 General Donations 18,596 0 Grants -Derry and Raphoe 14,741 12,011 170,946 43,161 0 3. CHARITABLE ACTIVITIES Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Car Park Rental 3,620 0 3,620 0 0 4. OTHER ACTIVITIES Unrestricted Restricted Endowment Funds Funds Funds £ £ £ General Fundraising events 23,566 846 Parish Magazine Sales 0 590 23,566 1,436 0 5. INVESTMENT INCOME Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Rental Income Properties 23,990 0 RCB Trust Income 0 0 696 CIT Income 5,003 Interest Receivable 228 0 29,221 0 696 6. OTHER INCOME Unrestricted Restricted Endowment 0 0 0 |
Total Total 2024 2023 £ £ 8,524 6,004 46,691 42,556 15,840 10,396 31,798 34,217 10,379 13,636 17,343 184 38,184 46,740 18,596 34,371 26,752 63,302 214,107 251,406 Total Total 2024 2023 £ £ 3,620 3,490 3,620 3,490 Total Total 2024 2023 £ £ 24,412 18,497 590 690 25,002 19,187 Total Total 2024 2023 £ £ 23,990 20,016 696 642 5,003 12,177 228 251 29,917 33,086 Total Total 0 0 |
|---|---|
| 7.CHARITABLE ACTIVITIES Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Staff Costs 40339 0 Depreciation and Impairment 3197 0 Diocesan Assessment 78036 0 Church running costs 51678 10592 Deanery Costs 4467 0 Charitable Donations 18038 0 Administration Costs 35796 0 Festival Materials 17214 0 Sundry Costs 471 60 249236 10652 0 8. OTHER EXPENDITURE Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Investment Property Costs 13683 0 0 9. FIXED ASSET INVESTMENTS Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Balance at 01 January 383871 0 28581 Valuation Changes 36986 0 2376 Balance at 31 December 420857 0 30957 10. FIXED ASSETS Land and Property 858056 Fixtures and Fittings 18534 Total 876590 0 0 This includes 3 properties, the Deanery and 1 and 3 St Columbs Court, valued at cost plus improvement costs 11.Investment Properties 600,000 0 0 This includes 4 properties 2,4,5,6 St Columb's Court, last revalued in May 2021 12.Debtors CIT Moiety 6046 0 0 Rentals Due 4500 10546 0 0 13.Creditors within 1 Year Withheld Payments/Arrears 4000 0 0 Collections Due 2133 Other Accruals 1200 7333 0 0 14.Creditors greater than 1 Year Danske Bank Loan 17654 0 0 RCB Loan 99993 117647 0 0 |
Total 2024 £ 40,339 3,197 78,036 62,270 4,467 18,038 35,796 17,214 531 259888 Total 2024 £ 13,683 Total 2024 £ 412452 39362 451814 858056 18534 876590 600000 6046 4500 10546 4000 2133 1200 7333 17654 99993 117647 |
Total 2023 £ 37852 3197 68905 85439 13551 7226 37355 0 172 253697 |
|---|---|---|
| Total 2023 £ 11004 Total 2023 £ 395452 17000 412452 |
||
| 858056 21731 879787 |
||
| 600,000 | ||
| 6241 4500 10741 7664 3420 6950 18034 32741 99993 132734 |